wise ...
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IMO the one we are dealing are the series C convertible
however the goal of some is to drive the price down in order to get the max amount of shares after conversion and a 20% discount
There are a limited number of people (I'm one of them) who converted before the close of business on November 7, 2008. this number won't grow and the problem we having now won't get bigger . That's the good news .
The company made a mistake IMO with this holding period of 3 months of the date of the certificate, but we can't go back , they have to deal with it, now Paul in the meanwhile is doing a tremendous job with the numbers and as soon they attract new accounts we will be Out of the Starting Block. That's the second good news
Until the manipulation is done we are watching in Pain ...
In this scenario 10 individuals only can get the whole pie .. we are probably more than 10 owning the fictitious 10% !
March 15.56 % ! so we have a positive trend ,probably TOP 5 CTA again this month, How long will it takes for the POOl to increase , Right now the only thing increasing is the OS !
everybody wants to know the value of this 10% . I suggest everybody call the TA and put pressure on them to release the Info .
you mean Hmmmm in a positive way ? ) because frankly I Have no clue with this share structure ,,)
probably the reason why the OS went wild , but still I would like to know what the value of 10% OS will be ..
News ....
141 Capital, Inc. Positioned for Continued Success in the Trading Arena
Tuesday March 31, 2009, 2:03 pm EDT
CHICAGO, March 31 /PRNewswire-FirstCall/ --141 Capital, Inc. (Pink Sheets: ONCP - News) is pleased to announce that it has made significant strides in its development and marketing as a commodities trading advisor (CTA), in 2008 and through the 1st Quarter of 2009. The Company's Disclosure Document was approved by the National Futures Association (NFA), which authorized 141 Capital to pursue outside accounts and begin managing and trading on behalf of those account holders.
141 Capital, in 2008, was featured in a story for the online magazine HedgeWorld, a division of Thomson Reuters, which focused on the Company's establishment as one of the only stand-alone public CTAs and highlighted the Company's use of its proprietary trading systems. The article is available at HedgeWorld Web site (www.hedgeworld.com) or may be obtained by contacting Investor Relations at the number below.
141 Capital commenced trading its 141 Seasonal Trading Pool 1 LLC (STP1) on January 2, 2009. The fund is now generating modest revenues. The Company completed a redesign of its Web site to broaden its marketing outreach and provide vital information about the Company's services, management and news, as well as displaying trading results for STP1. These trading results can also be found on Barclay Hedge (www.barclayhedge.com) and AutumnGold (www.autumngold.com), where the 141's exclusive Exempt Pool is listed as second best performing trading program for 2009 year-to-date.
"We believe that continued positive trading results will help 141 Capital, Inc. continue to expand its customer base and reach break-even status sometime during the 3rd Quarter of 2009," stated Errol Stone, CEO of 141 Capital, "In addition, we are continuing the definition of our flagship trading program. We intend to become more aggressive during the next Quarter; this means our goal is to achieve truly superior returns for our clients."
About 141 Capital, Inc.:
141 Capital, Inc. is a publicly traded company based in Chicago. It utilizes trading systems for trading financial products listed on the world's derivatives exchanges, including foreign exchange futures and options, equity index futures and options worldwide, energy futures and options, grain futures and options and fixed income futures and options.
Shareholder Information: The Company held a preferred stock exchange for its shareholders, which was offered thorough December 31, 2008, to exchange common stock for the Company's preferred stock. The Company has recently posted instructions, for those who participated in the Exchange Offering and now wish to convert back to common. For more information on the Exchange, please visit the following link: http://141capital.com/index.php/investor-relations
how do you come up with an average of 0.005 ? missing a zero here ,so the total will be a 15 k instead !
Laser, The Ta this morning didn't gave me the specific number but when asked if the Os was over 100 Mill . He replied way over .. and the Os was changing everyday
This is my report and I'm concerned as well as everybody else who owns quite a substantial amount of shares here .
But I find Odd that this being your first few messages on ONCP, to come right away with your comment >>.
may be there is something to do with the preferred shares count ?
I called the the Ta today and the only information I got is that the OS is way over 100 Million without an actual number ,Hopefully the money went inside the Pool 1 .
anybody called the TA lately to find out the real number ?
Imo 16.2 % ...
Thank you very much I agree 120 % .. it was an extreme great feeling ...!
Thank you today It's good day as well my new son was born !..
I have faith no matters what ,,,!
I' m just saying that March will be Positive .
The PPS is way shorted . March's result will be great and real
No we are not ... March result will be great ...
I I had a CTA and mine was loosing some serious $ month after month .I will be incline to switch ASAP. So all exiting customers of CTA right now are becoming strong potential for 141.
That's being said ..I'm positive on the future ...
the only one right now is
http://www.autumngold.com/
still at the top of he chart with 155 CTA reported .. in this despiteful economic time
average return is now -0.10% and 141 rank #1 at 10.67 %.
It will happen. the timing is not in our control but we are in the right direction.
This is good as well for SPZI ..
We won't have any R/S
The monthly expenses are very low
Top CTA in February
great opportunity right now when nobody is watching to take over the OS
Break even time coming 2 nd Quarter
The conversion deal is irrelevant right now .it will be taken care the way it was supposed to .
Low float and some bid Whacker = Huge volatility ..
If the results were negative ,yes I would be worried but surely the time is on our side
TA is closed today due to weather Conditions ...
Another way to see it if we going down of 15000 shares we can go very high on 500000 ! Hopefully somebody will step in ...
Can somebody explain me why the PPS is posting a negative 40 % on a $20 transaction which equal to 15000 shares .!
I understand where you coming from . Hopefully here there are some regulations in place before posting any kind of results ..
If I had 50 k to put on this right now I will buy without a doubt ..
and put another 50 k in the pool ..
From Paul exchange : I quote
"If we build it they will come. In truth, we have some very interested
institutional investors, however, they want more of a track record. The key
here is to pay attention to our knitting, and to stay #1, or at least in the
top 5.
Right now there are literally billions sitting on the sideline with no place
to go.
Well yes the total shares exchanged might be 1.5 but it's not the total shares being sold today . I don't want to argue here just look it up
NOT true .nobody sold 1.5 Mill today show me your record please ...
Frst the selling today was 800 k and you can buy the float here with 50 k
highly volatile ,can change rapidly .
don't need to scare the Crowd here ...May be it's you selling at the bid I don't know . ...
Good post exactly my opinion .again we are doing progress everyday and we are in business ,6 months ago that was not the case at all ,, and we are in the top ranking ..
Errol fill the pool !
Correct ...
To convert right now is impossible ... the most important is to get the account funded with more $ because we do have a system who actually is ranked # 1 return CTA so far and even YTD
so what is the most important right now ?your interest or the interest of all ?
I have some converted shares as well but I'm willing to wait until they get the amount of funding they deserved. and they will
I thought you have some common sense in business strategy ...
I got this reply from Paul
"In truth, we have some very interested
institutional investors, however, they want more of a track record. The key
here is to pay attention to our knitting, and to stay #1, or at least in the
top 5. "
It seems than 141 have more trading programs than capital to support them at this time but when they are mentioning programs, it was always using plural ..
Right now there is so much money on the sideline , it's ideal for 141 to always be in the top 5 position ,If they build the investors will come .
and on my side is the lack of solution that you might bring to the equation here >
you don't see anything positive at all or is just a way for you to vent your anger ?.
What would you do to attract capital for 141 if you were in charge ?
I'm listening ..
what is pretty incredible is knowing that, for the disaster month of February,
the average CTA return so far is negative -1.99 % !
yes I want to look at the expenses Do you have them ?
meaning the real one not the artificial salary and so on ..
Please post your list
on 75 CTA reported still #1
http://www.autumngold.com/Statistics/RankingReport.php?sort_by=1&for=2009-03-03&type=All&desc=1
I do think that the word is out already with big players who are waiting for few more ranking. Opportunity will be for some wise guys to take advantage of the low OS .
Again I will say that right now it's a perfect time to lock some shares here
they have to stay in the top 5 position for the next three months .
I understand that they have already some institutional investors who need to see
a longer track record before jumping in ..However when they do they will invest massively .. Now is our time to accumulate the shares
If it was up to me it will be but again they still have time to increase the pool.
this is not the most urgent matter here ,, you can't run this company right now worried about a conversion coming up ..
Yes but you can't deny that we are improving . Imagine for a second that we have a pool of 1 $million and we showed a negative -5% each month since opening .
Imagine one sec what will be your reaction here !
I feet that you relative soothing attitude right now should be interpreted as a positive sign .
also imagine the discredit that we will have right now , bow on both boards
We are not there . we are hanging there by a generous % return and right now that's almost all we have .. so cherish the moment and Help us to find Investors, and all your issues will go away ..
Thank you very much for your Help ...