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Well said KG4. Don't mind a mention but not a discussion or worse spamming.
Don't know about the first questions but the last statement concerning the SEC is true. SEC couldn't care less about the pinks or otcbb's just read their comments about naked shorting. The SEC is basically worthless, they levy small million dollar fines against billion dollar schemers. What a payoff for being a crook. Make Hundreds of millions and no jail time...is there any reason why there are so many naked shorters?
Maybe someone is doing a little naked shorting of BIGN? If this is the case then it's good luck with the dividend, they may or may not payup. The shorters may just pay a small fine to the SEC and that will be that.
This is the dead time guys...11:00 to 13:30 sometimes 14:00 the MM's go to lunch and their apprentices take over with orders to only maintain.
No its HDSN with the 10K
Current PERT .027 and VFIN .029 1x1
NITE is also on the bid @ .027 and on the ask at .03 100x100
Now we all know that arch Oil is clueless
and his friends are LIARS!!! eom
Who knows maybe another PR after todays close.
Powerful Jux!
Current @ 09:18
.027x.029 100x100
.028, .030, .033
Good one Jux!
Understand nosey,
I think the shorts already own the shares and therefore will receive the Tyche shares and will have to turn them over to the investors who bought the shares they shorted if the shorted shares are covered before the ex dividend date.
Perhaps you could ask your sources about that scenerio?
nosey,
I think he is saying that if he buys the stock someone is going to have to provide Tyche shares if he is entitled to the dividend. That I believe is in the the SEC rules.
Perhaps you can post the rule/facts about selling a stock prior to ex-dividend and see who is entitled to the dividend? After all shorting a stock is in fact selling shares of the stock to someone else.
Just because someone shorts a stock doesn't mean the shorters do not have to provide/transfer the dividend to the entitled person, even if its naked short selling. If this were true as you illude to then I suspect there will be several people who will not get a dividend, perhaps you!
I would expect, barring naked short selling, that who ever is shorting the stock already owns the shares he is shorting so therefore will be able to transfer the dividend. The real situtation is that without covering his short positions he will lose his Tyche dividend on all shares sold short prior to ex dividend date.
After the Ex-dividend date the shorter will not get the Tyche shares back even if the buyer sells the stock back to the person shorting the stock. So the question the shorters are dealing with is how much value do they put on the Tyche shares versus the amount of money the shorters possible can make shorting the stock.
.022x.026 1x1
I show PERT on the BID at .018 and DOMS on the ASK at .031 1x1
Just for eveyones knowledge...
Natural Gas isn't going to be removed as an energy source anytime soon. About 90% of all new power generation plant are gas turbines because of the clean air requirements. The elecrtic companies are huge users of natural gas. The price of liquid fuel is thru the roof and natural gas is much cheaper to use so natural gas is the fuel of choice.
Every year for the last 6 years companies haven't been able to get enough natural gas to run the gas turbines only on natural gas, so they have been using liquid fuel (diesel) as a backup to fill in the shortfall.
Once again you know who is clueless he remains clueless and I believe he isn't a truthful nor trustworthy guy. He has an agendy and all his untruthful posts are getting a little old.
Wonder if he knows about the internet guys the SEC charged with price manipulation via the internet by posting false and misleading statements.....his time is coming... a few more false and misleading statements and he'll be gone. For all we know he maybe on their radar now.
We'll know soon enough, no phone number then he is the liar. Besides his time frame to get equipment is out to lunch, he doesn't have a clue.
Hey Arch give me your friends phone number I'd like to speak to him. Of course of you don't have it then your information ain't worth much is it? No excuses this time Arch-a-Bald just the number.
We'll see if you are the liar.
Since SSTY dividend is going to be on approx 19:1 split and given there are currently insufficient shares of ONTV/TPID to go around I'm GUESSING there will be a forward split of say 10:1. So based on the pps on the forward split being .34 then your .034 would be correct for after the split.
After the forward split is complete we'll be getting our dividend shares which should be 19:1, about 52,632 shares of ONTV if you owned 1,000,000 shares of SSTY before the Ex-Dividend date, which still hasn't been determined yet. Oh yeah don't forget about the restriction of trading these shares!
So now one can see why SSTY pps isn't rising. Now given the pps of ONTV is changing daily one can only speculate on the pps of ONTV on the Ex-dividend date for SSTY.
I would expect SSTY if and when SSTP makes it back to AN exchange to pop up porportional to the 7.5% override on contracts.
Of course all this is best guess! Take it for the pennies it is worth. LOL
By The Way...I didn't write this...I just copied and pasted the article here.... however I do think the last statement is a bit over the top!
Anyone looking for a Pulitzer Prize?
Neither is the New York financial press, apparently.
Columbia Journalism Reveiw has finally noticed that the Wall Street Journal, New York Times and other Wall Street financial media are not doing a very good job of reporting crime and corruption on Wall Street.
In a recent article by the CJR, responsible for awarding Pulitzer Prizes, CJR correctly points out how the Wall Street "know-it-alls" have failed tremendously to report the issue of Strategic Naked Short Selling.
Could it be that the Press is complicit in the crime?
Several reporters have now been subpoenaed by the SEC, hopefully to investigate their connection to crooks like Rocker Partners and Gradient in a huge scandal to drive down the stock price of Sedona and Overstock.com.
You might also like to know that Commissioner Cox of the SEC in recent hearings before a Senate committee, said when enforcing the law, pennystocks were not as important as were "blue chips". It is very much like saying that murdering one of us, is not nearly as big of a deal as would, say, murdering a more important person like a SEC Commissioner.
Yep, it certainly does say exactly that! This is a new addition to parts 1 & 2 this is part 3 and he does say SSTY is now the main focus.
This last video is like they have been reading my posts!
All right management good video! Now lets get on with building this Blue Chip company!
I'm feeling much more comfortable now! Thanks McKay.
That won't help naked shorting is illegal and happens everyday and they absolutely don't need no stinking shares to short this...remember naked shorting doesn't require anything!
So transfering shares into cash account or getting cert's won't help, not one little bit..IF this is what is truly happening. I'd say that if they are tracking shares...then some hedge fund may be shorting the stock. This is what happens to many pinkies! Hedge funds and sneaky finance companies whose speciality is financing small startup companies are the real criminals in naked shorting...just ask the CEO of overstock.com!
Thanks uselesstaco I saw the one posted this April 4th. Perhaps that is the one is his referring to. Don't see any newer one posted.
Really got a link?
Easy uselesstaco, I don't think SSTY is a scam and never said that and if I lead you to think that then please accept my apology. I think SSTY management is sloppy but, certainly not a scam!
I'm frustrated with management and the big bang for the buck issue you stated doesn't make good business sense to me. A company stating it signed contact that are a year old doesn't thrill me too much nor would it thrill any investor. The question is what are they doing now! So holding news till it is worthless makes no sense and with ONTV purchase done and is now TPID except for the name change..lets have the good news!
A snag...yes I think SSTY management did just that as per my previous posts. As for the sales team in China...I heard RUMORS they are trying to hire "people" but, nothing official in any PR as to what stations they are trying to fill.
As for your statement of China contracts ... I haven't read anything about that either so I have the opinion otherwise. Funny that the payments from the ONTV exactly equal the SSTY payment made to the previous owner/president don't you think?
Anyway now that we have ONTV let the news flow freely!
Enough with the Fluff! LOL
Yeah I'm hoping so too and hoping this isn't hope against hope!
Yes ONTV filed an 8K covering the buy out but nothing about the dividend pay out of the shares. Incidentally the 75k a month ONTV pays SSTY is the exact amount SSTY's monthly payments are to Mr. Fasano plus Fasnan get 10% of all shares sold of ONTV till he is paid in full....go figure!
Hard to buy cheapies as the MM won't let you get very many if any he can wait you out as there are no rules that governs him as far as to who he must fill and when.
I know management reads/monitors these boards so perhaps they will "get" a feel as to our concerns and frustrations. If we don't tell them then they may think we don't care..the old adage of, "You don't get what you expect..you get what you inspect", is very much alive in the stock markets.
If you are going to be a fish then be a piranha!
Nope not negative, only frustrating facts. SSTY had already stated that the NASD would set the ex-dividend date. SSTY just keeps moving it backwards. Remember the PR where they stated they would file with the SEC...they haven't filed one yet! So don't be surprised when the date slips again because the NASD has no knowledge of this dividend! I hope the date doesn't slip again. I will be pleasantly surprised if SSTY management "gets in done" by May 8th.
I think they could come off the grays but in who's lifetime? That is the question. Don't be surprised if SSTY "merges" into another stock. That would be better than staying on the grays! Of course without sales from TPID all SSTY's subs and SSTY itself is doomed. These big pay hot shots in ONTV will drain the company and dilute the stock down to sub penny without sales. Of course these hot shot may just be working part time for TPID did you think of that? Well I've seen it done, part time management team as a way to add creditability yet keep cost under control.
Isn't it good to know that ONTV is selling shares to cover payroll and to pay SSTY its monthly payment and SSTY turns right around and makes their payment towards the $500,000 they owe for buying ONTV. Quite a little do loop they got going. Personally I hope I'm wrong about this but, without any sales they MUST dilute to make payroll etc..
I say enough with the planning get them off their butts and go make some sales! Show me the contracts! Going on month #2!!
Remember the what 5 million dollar contract that was to be completed by Feb 2006..heard anymore on it? Seen a financial report showing this contract actually existed? No? ...go figure...no financials of any kind other than the 10K says we can't file or maybe it's we ain't filing. Come on this is getting to be a bit much don't you think.
Enough with the Fluff! Hey that rhimes! Show me financials, contracts, SEC filings heck anything but another distraction.
All this merging and buying activity seems to have distracted us off the "SALES & CONTRACTS" they eluded back in late 2005. Lots of high powered meeting...no outcome...hmmmm. They say they can't disclose their client base...I've heard that bs before and the outcome wasn't pretty! No financial filings or postings since who know when... 2004? Competent management?
Hey this is just me sitting around thinking what possible reason would they have to do all this tap dancing? What is you opinion? Why hasn't TPID or SSTY informed us of the 2005 contract being completed ahead of schedule and collection made, or announced any new contracts? Did you know China requires any company to form a Chinese company so most of the money stays in China? Why do you think SSTY uses a JV there..client relations? ...not...it's required.
But hey I'm in the boat with ya...just getting a little frustrated with the continous bailing! LOL.
Ok, see ya mkt_predictor, so long, good bye, best of luck! I don't see a great fall out here but, each of us must pick our own road. I'm hanging around a bit longer and I'm using BIGN definition of "longer" here! LOL
Hmmm the ex dividend isn't set yet, doesn't the NASD set that date? Per last PR:
"Today the Company's attorneys have confirmed that they now expect, as per the applicable regulatory standards, the NASD to set an ex-dividend date of May 8, 2006. "
So the new ex dividend date, they "expect", to be 08May2006 so 20Apr is out the window. Geez they really don't know..why..because they don't know how to file for the date with the NASD..wait a minute...I don't remember seeing any SEC filing about any Ex Dividend date to come to think about it!
What does that mean? I think it means the date could easily slip again since the company isn't on the hook to actually follow through! They are treading on slippery ground here...not they are trading on the "grays" so no rules!
Hmmm I have concerns about them being accurate. Of course all management needs do is increase the O/S of ONTV and we'll get our 19:1 split...just a lower % of ONTV. Wonder how much ONTV selling has been going on? Without contracts TPID/ONTV has to meet payroll, monthly payments to SSTY etc.. so they have to be selling no way around it guys. SSTY may or may not be selling as they have some small income due to small payments from ONTV.
Someone is making a bundle as the price has risen fromr .05 to what .35 today and the high was almost what .50? Great for those savy enoguh to buy ONTV the first day or two! Goes to show you the difference between an OTC stock potential and a "gray" one!
Now one good thing that is driving the SSTY price upward is the discount on ONTV shares as 19 shares of SSTY cost .076 cents (based on .004) and you get 1 share of ONTV. So the discount is .035 minus .076 or about .274 cents per share! So which would you buy? DUH!!!
There we have it, less for us long term holders as dilution due to the shifting time line from March to May! Thanks management! How much longer before management gets a clue?
So all bets on their previous announced 19:1 split is off, and yes I noticed they "accidentially" forgot to include any reference to the refiguring this dividend. Still we don't have a firm date...just their best guess! My opinion only.
I hope management stops working part time and starts working full time to increase shareholder value. Still no news from TPID on contracts...tick tock tick tock... dilution is coming to TPID/ONTV! All these high powered individuals are very costly on a daily basis! They don't work cheap! Writing plans is overhead/outgo...sales are profits/income.
Based on BIG previous posting I'd expect them to give the initial flow rate once it is set. But you are correct they know exactly what the flow is or has been.
Someone is getting paid that's a fact. I have seen posting about flow rates on a Ca. website, someone on this board posted the link, so I'm thinking sooner or later we'll all be able to see the flow rates regardless of what the company releases. How long it takes to update that website is anyones guess. I'm not sure how the data is collected who really provides these numbers anyway?
I wonder if work is still being done at Grimes of if the crew has left waiting for the weather to clear?
I know from experience that if work can't be accomplished regardless of reasons why, rather than pay for people to sit around companies usually send the crew home till the reason(s) for stoppage is/are corrected. Then the crew/workers are brought back to complete any unfinished work.
Does anyone know if the crew is still on site or were they send home till the weather clears? (I'm assuming that there is unfinished work on wells 3 & 4.)
As for the second well it has already been tied into the gas line so no worked required there except maybe so flow rate adjustment and I can't imagine that taking a "crew" to adjust.
Per their 10 Feb 2006 news release:
"In addition, SSTY and TPiD-US intend to file important information related to the spin-off, including this release, with the Securities and Exchange Commission on Form 8-K.
Closing is anticipated to be March 16, 2006 but may be moved in advance or back upon mutual agreement of the parties"
Anyone see an 8K filed about this? I checked pinksheets.co and don't see the SEC filing. Maybe this is why they don't have an accurate date? Remember the key to flexibility is indecision or not filing an 8K! Anyone believe they simply forgot?
I have read the one about the purchase of ONTV where TPID pays SSTY $75,000 per installment for 12 months up to a max of $600,000 and SSTY turns around and pays Daniel M. Fasano $500,000 in installements. So that gives SSTY a whopping $100,000 maybe for this license plus a 7.5% kicker of all sales, if they can get any contracts. Lastly with the new dates how will this affect the O/S and the divy? Hope management can provide us with new "good" numbers about the dividend. I would not be surprised if that dividend shrinks. Like the pps of ONTV a year from now it may well be .002 also.
So we have a new company ONTV but, our shares are restricted for a year and TPID is silent on any contracts. Hmmm do they really have any contracts? Haven't heard a peep from them to date other than hiring good folks...I hope these guys deliver vice sit around and write business plans! Seen this happen where the company uses "reputations" of notable folks to inspire the investors. Just remember these guys don't do sales they do business plans. They don't go out and knock on doors.
Richard Bendis President, Fredrick Young Chief of Staff, John. G. Voeller as Chief Technology Officer. All plan writers..not a salesman or a Sales leadership position amoung them. I guess all the companies will read about all our hot shot big wings, they are very costly guys they don't come cheap which means dillution till sales occur, and beat a path to SSTY.TPID doors...not! No sales = dillution. This will bring the pps of ONTV down rapidly. So where/who is doing the sales job? You know the lifeblood of a company? Contracts where are they already! Hope these new guys don't suck the company dry while they are busy writting plans!
Anyways, they should be able to prove themselves within 3 months ...they better get get moving one month has already gone by!
I have another theory that I have seen happen before and I'm hoping it isn't happening here...but that's another story.
Are you refering to the old silver bullet check?
Seems I was correct when I previously stated that the reason they moved the first date to 25April was due to them not having crossed the "T's" and dotting the "i's", or simply not being ready, proves to be correct. These guys don't seem to know how this works and are fumbling around a little in the dark as evidenced by the confused dates they first published.
Hopefully management will get their act together soon and SSTY can get on with the more important project of getting off the grey sheets! Come on guys really, it isn't that hard to put out PR's with good dates.
Maybe they jumped the gun in an attempt to please "itchy" stock holders or at least that's my opinion and my opinion may or may not be correct! Unbuckel and move about freely. Anyone else note that they still don't have a firm date...just an extension to May 8th is their best guess. Can change at any time for any reason...maybe this is really hard to do...not.
Is it really any wonder why it is taking management so long to get off the grey's? Come on management get it together!! We've done our job now you guys do a little better job with this dividend and getting off the greys!! I understand you guys have a lot on your plates but, come on get a time line together or perhaps buy some software that will allow you to schedule projects..heck gee golly there is an idea!
My understanding is that SSTY now has two sources of monthly income due to payments from both TPID/ONTV and PSRE/GSCC or am I off base with this understanding. TPID has commenced making payments but, I don't know when GSCC is to commence payments. Anyone have an idea?
Tyche Charring Cross production? 21Mar2006 PR stated the rate of production would be increased from 72 MCFD to 200 MCFD and I haven't heard any additional word on the status of this increase. Is there a website like the one for the Grimes output where one could check the flow rate from Charring Cross?
Trying to get to the bottom? So who is your source of information? With this knowledge maybe we can help!
Yada Yada Yada arch_oil, so who is your source in the company? Can't say? Hmmm...perhaps you are the culpret here. Come on, out with your source as you are playing a dangerous game. The SEC now investigates posters who try to manipulate stock prices over the internet with false misleading inneundo. Pehaps someone will turn you into the SEC as a scammer, time will tell.
WHO... I have as many shares as I'm comfortable holding right now. Perhaps you can explain about the mix up on dates so we all can better understand how the Ex Dividend date is AFTER the Date Of Record. Since I still have no response from SSTY on my email I'd like to hear/read your reasoning as to why this Date mix up happened. TIA
We'd also like to know if SSTY shares bought now will or will not entitle one to the ONTV dividend, based on the SEC Rules you reference in your reply. I don't think anyone knows the correct answer. Since SSTY is remaining silent all one can do is speculate and that's not a good thing. I remember someone stating that a "higher up" in SSTY monitors this board so perhaps we'll get an answer some day soon.
I emailed the company about the dates, Date of Record and the Ex Dividend date. So far no reply and I really don't expect to receive one as they can't explain the reason why the two are mixed up without looking a little silly.
This is just my opinion but, I think after announcing the Date Of Record SSTY was then on the hook to pay the dividend 30 days later. But because they didn't have all their ducks in a row, couldn't complete the required steps outlined in their Letter Of Information posted on the website, so they published a new date and called it the Ex Dividend date of 25 April. This now gives them till May 25 to complete all their steps, ie forward split etc.., before they give us our dividend.
Now as for being able to buy before 25Apr and be entitled to a dividend...I don't know. Seems like one should be entitled but, I just don't know.
I for one am hoping they can deliver on 25May and as for the one year restriction, that is way too long guys way too long. Who knows what tomorrow will bring let alone a year! They need to have their bells rung if it does turn out to be a years restriction!
As for SSTY moving back onto the Pinks...hmmm I think that promise will be long on promise and short on the Pink for the next few months.
So what do you guys think?