Recap question:

I apologize for not going through the earlier discussion for the answer to this. I know Denny himself has covered the topic many times.
With all the recent news about Puerto Rico, what is the worst case scenario for us (GO+PREPA)?

Thanks in advance.

Thank you. That would be the only logical thing you have said.

Good questions. I am afraid, though, you are pushing his intellectual limits. We established long ago that his IQ is somewhere between a broomstick and a door knob, with all due respect to those inanimate objects. They at least serve some useful purpose.

Why am I so mean? Because he deserves it!

Thanks for the analysis.

Do you think there are many short term traders on this stock (other than the market maker) who risk so much for little return given the low volume and potentially explosive moves? I would think there are much easier ways of putting money into if I were a day/week trader. Thoughts?

Denny,

Thanks so much. Very comforting. Great research, as always.

Cheers,

What about that MTA and the board and the blah blah blah?

One of those cases could easily be the spark this dynamite needs. It feels like things are really going to unravel big time. Any free cash from this point on will remove any doubt about the prospect of this company. Sure, hope is not a good investment strategy; however, what this company was able to accomplish in the past few years is remarkable. Even if one lets go of everythingelse that is positive, this management team is investment-worthy.
Of course, I expect the snowman to copy paste the same BS he had saved somewhere just about now.

I am so glad to be part of this community. Thank you all very much...(minus one!)

Good job everybody! Now, breathe in, breathe out, relax. Have a nice weekend.

Nobody wants to sell it feels like. We need Snowman to unload whatever he has, which I don't believe he has anything long.

There is an obvious 100K buy order @.75.

Denny,

What I see in price action is very encouraging. In L II, as I mentioned before also, MMs dont show the real big orders on either side unless they want to scare people. So, what is shown now are 1000 shares here and there probably MM algorithm shares. But, deep down big money is flowing behind the curtain. So, all in all VERY positive.

Cheers,

Denny,

You are awesome! Thank you very much for your hard and honest work.

Short interest info:
"SYCRF’s total short interest was 895,100 shares in March as published by FINRA"

I am surprised that it has not gone down in the last couple days. Perhaps, they got caught with this unexpected suprise while vacationing. So, there is still a short-squeeze opportunity to propel the stock. The key for the shareholders is to be patient and not to lend the shares out for shorting. I read somewhere years ago that shares can not be lent out if you put a limit order, say at $20.00. Then, there is, of course, naked selling. That's as much I as I know about the mechanics of the system.

Yep, for sure.

Nice consolidation and close. They can't scare the shareholders with imaginary horror stories anymore. GLTA

Amen to that!

Agreed. Technicals and sentiment are both WAY positive. I expect some consolidation and steady climb up. I am buying this with my every cent. Literally! GLTA

How do you find lots to say that do not add up to a single grain of rice? You never fail to amaze me.

Beta,

For all the time I watched LII realtime, I have never seen a large block advertised and executed. There were couple instances where a large sell order shows up to scare the buyers but every other large order is invisible in LII. So, what you see couple 1000 shares here and there do not tell the whole story.

Cheers

Silly Goose!

Get ready for some pain tomorrow. You deserve it. IMO

Most positive I have seen in a long while. What do you think Denny?

I have added today to my holdings. I see a long term accumulation/divergence pattern. I did not want to be late if that comes to frution. GLTA

Whatever. I will not dignify your own ignorance. You are on IGNORE now.

If you are referring to my post when you say "whining", obviously you are new to the board or to the discussion. I am anything but ... Just did a public service. Go chase the Snowman if you are serious. Cheers...

Simple:

I am shareholder and they need to disclose anything material. It is better to know than ignore it.
If you have not noticed we are on the same side. I don't understand why you will be upset with me. Anyways, cheers man.

I had an e-mail exchange with Mr. Corbally. This is his answers to my pointed questions about any possible illegal stock activity. So, I had to ask and there you have it:


First of all my apologies for the delay in replying.

Thank you for your e-mail and your continued interest in Syncora.

Syncora’s Board and management team continue to focus on implementing the strategies outlined in our public disclosures. As announced on August 24, 2015, Syncora amended the Master Transaction Agreement to eliminate or modify a number of restrictions on its activities and entered into a new intercompany capital support agreement with its subsidiary Syncora Capital Assurance Inc. As disclosed at that time, management expects that these developments will enhance Syncora’s financial and operating flexibility and position the company to take additional future steps to manage key financial risks associated with liquidity and surplus at its insurance subsidiaries. Details of both are available on our website.

We are not aware of any of the activities mentioned in your e-mail or of any matters to be referred to the SEC.

With kind regards,
Mike.

Guys,

Has anybody followed up with naked short selling lead?

Selling:

It is clear to me that there is a single large seller out there. I pulled the historical volume data and looked at the volume spikes on 1/16, 3/17, and 9/2. Summed up the volume between spikes:

Date Spike Volume Traded volume in between
1/16 2.17M 1.72M
3/17 2.13M 3.84M
9/2 1.94M 1.24M

So, it seems to me that large block of shares are transferred to market maker from a single seller, which also explains why share price does not appreciate at those times, and the market maker slowly bleeds them in. There seems to be another 700K shares left from the last bundle.

Here comes my another hypothesis: SnowMan is the insider who knows this and feeds us with lots of junk and some truth about this transaction once in a while. So, he probably makes money on the side shorting as well knowing that there is excess supply.

The good news is that there is an end to this. Time to accumulate.

Cheers

I had been and will still be a buyer. One day we would be looking at today as lost opportunity.

Cheers,

Fantastic analysis Denny. There were two days with over 2m volume in Q1 of this year (Jan 16th and March 17th). So, they unloaded 1/4 of the total volume in those two days. In the last two weeks, there were ~3m shares traded. By the same logic, they must be down to ~1m share. So, I think we are at the tail end of selling.

So, you are waiting for the share price to go down to $0.50 before you sell your shares? Great idea! Buy high-Sell Low.
Why don't you unload them today and leave us alone?

Watch as the PPS goes lower over the next few days.

HOW DO YOU KNOW?

I have owned this stock, since BEFORE security capital went to the pinks.

SO, WHY DON'T YOU JUST MOVE ON AND FORGET ABOUT THIS STOCK?

I just can't stand pink sheet companies.

SO, WHY DON'T YOU JUST MOVE ON AND FORGET ABOUT THIS STOCK?


Pink sheet stocks are too easy to swing both up and down by both market makers AND retail investors. IMO.

TELL ME SOMETHING I DON'T KNOW

NOTHING YOU SAY ADDS UP TO ANYTHING MEANINGFUL
I KNOW YOUR TACTIC: IF YOU REPEAT SOMETHING MANY TIMES IT WILL MAKE IT SEEM TRUE

COME CLEAN SnowBall (SB).
Just noticed SB and BS are mirror images. HA!

With all due respect to all the gentlemen members of this site; wake up Guys, Snowball is the Mr. Market. How else can you explain him constant bashing , talking about the crooks, pink sheet manipulation, etc. while supposedly neither long or short, just trying to protect us from the crooks. Because he is one of the crooks he is talking about. So, take him seriously but not the way he manipulates you to think. I played some serious poker in my days. What I have observed from him are typical tell-tell signs. Anyways, stay the course my friends...

Cheers.

FYI. I noticed 100000 share bid @0.55 ~15 min before the market close. It stayed there until the close.

Relax and just buy more. That's what I will be doing once my company stock purchase plan is settled in couple days. Markets are not rational and may swing in each direction much more than fundamentals dictate. One needs to control fear not to be shaken off by few scammers. Yes, it is still speculative, but I'd rather speculate with this company than anything else in the whole market. Thanks to great work by a few people in this board that we know great deal about this company. I was not disappointed with what the management has done despite all the hardship they had to endure for all these years.

Cheers everyone.

Thank you Denny. You always bring sanity to this insane world!

I did, too. I am 100% confident he is not who he says he is; either a paid basher or the market maker himself.

What is your goal here: Are you doing a public service for the good of others? or Trying to create doubt and fear?

Singing the same tune for years without no fact or research. And, by responding to you, we are probably not doing us a favor, either. You are perhaps paid by the number of responses you get. Anyways, my reading on you has not changed. I can smell BS from a mile away. You have got so much of that. Peace man.

It seems to be the case based on DEC'14 report. "Syncora Alternative Investments" exists under "Syncora Investment
Holdings LLC"

Guys,

Is this "Syncora Alternative Investments" anything to do with our company? I like to believe it is:

http://techcrunch.com/2015/05/12/credit-monitoring-and-debt-management-service-credit-sesame-raises-16-million/

"Personal finance company Credit Sesame is announcing today that it has raised an additional $16 million in an oversubscribed Series D round of funding, with plans to raise more – as much as $20 million – in the near future. The company, a prior TechCrunch Disrupt Battlefield participant, was one of the first to market with solutions that allow consumers to monitor their credit and score, protect themselves against identity theft, and reduce their debt through credit and loan management services.

The new round was led by Syncora Alternative Investments, with IA Capital Partners as its advisor, and also included participation from investors Menlo Ventures, IA Capital, Globespan Capital, Inventus Capital, and other high-profile angels. This brings Credit Sesame’s total raise to date to over $35 million."