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Legal shorting can be accounted for, BUT Naked shorting is VERY difficult to identify unless the company can account for all the shares that they have ever issued. If a company was able to instantly take back all the shares that they have issued, then in theory there should NOT be any more shares trading. This is in effect is what these NSS companies are trying to do. They want to account for all the "real" shares, in order to expose that MM's/brokerage firms that are allowing the 'Fake" shares to be issued upon heavy volume, but then NOT cover them later. Another situation is that some of these miscreants just sell fake shares to retail and run off without any intent whatsoever to actually give real shares to the retail buyer. It is no different then me printing counterfiet money in my home and then injecting it into the system. After I have spent it, and it changes hands a few times, it is almost impossible to identify who the source was. If our goverment all of a sudden was able to snap their fingers and have all the money issued back in their hands, then whatever was still in the system would expose the amount of counterfiet money, BUT the problem is that some of the real money would be out in the system, and some of the counterfiet would be in their hands. They would then have to go through each bill and see wich ones were real and which ones were fake. Then at that point they would be able to know how many real ones are still out in the system, so that when they return the real money into the system they could subtract the amount that they identified as real. Then and ONLY then would their be no more fake money in the system, or at least for the moment.LOL
With PNMS buying back all of the amount of shares, either through a onetime shareholder approved by out, or through a open market buy back, the result would be the same. PNMS could/would then prove that they have the total amount of shares ever issued ( no matter wether they were fake or not). They would satisfy the TA. Whatever shares left "out" would be deemed worthless, and rightfuly so. Either way, wether the shorts cover or not, PNMS will go up because retail will want to own shares here, to sell them, or exchange them with the company for a much higher price. IF the shorts DO cover at the same time that retail is buying, then you will have a TRUE SQUEEZE!!! Whatever happens, PNMS IS undervalued as of right NOW!!
This Tuesday @ 7 PM eastern time on Bloomberg TV they are doing a special on the NSS issue!!! This may be the PERFECT time for PNMS! JMO
Luvtradin1...I have to say that I have also had those thoughts as well!!
The NSS situation is heating up big and the SEC/total trading markets/government cannot afford to have this issue exposed on a large scale because it will erode the trust of the entire market.
I believe you are on to something!! The key is that those four companies and shareholders need to be made aware!!
BUUUUTTTTT, the companies NEED to prove themselves as well.
Peace
Agreed! The pps will most likely trade higher than that, but we don't know what the future holds. As for the covering, it will be a volatile time, but it always is when money is on the line!! Those that know what they hold, will hold out and make the most cash in my opinion.
Out for the day!
Peace PNMS'rs
My prediction is that we will see .005 to .01 this week at some point.
Hello my fellow bagholders and people that like to stroke their egos by kicking their fellow man while down!!
I for one am HAPPY that the SEC did this!!
1. It stops Larry from continuing to drag us along as he has!
2. It prevents us from continuing to put more money in this as it goes down!!
3. It does something we could NEVER have done on our own, which is call Larry out!!
4. It gives Larry the chance to prove his claims of assets or SHUT UP!!
5. It provides us with a quick and abrupt loss, rather than being dragged down slowly to the same conclusion!!
6. It provides us with a much stronger legal support for if/when we take legal recourse against Larry!
Do I want to loose money??? Of course NOT!! I have a TON of money on this!
As for the SEC calling this "Spamalot"...They can't come right out and say that all of these companies PR's are bogus, or they could/would have legal recourse. The spam is not the kind you get in by email, they are basically saying that these companies PR's are considered spam, unless they can prove otherwise!
If Larry has been telling the truth, then he should very easily provide such proof, and then we we get back on track. If he has been lying to everyone, then he is up the creek, and we loose out BIG!
I for one will take legal action wether I receive monies back or not. Not taking legal action would be like someone taking money from you to do work on your house and then just going out and spending it, before getting caught by the authorities and then not pressing charges against the person. I will seek legal recourse no matter how long it takes. Especially now that we have the SEC on this. As Larry would say: I have X amount of reasons to pursue legal recourse.
Now, with that said, I sure hope Larry was telling the truth and can show proof of the asset claims!!!
Also, if/once the buy out is complete, then there should be NO more shares trading in PNMS!!! This will expose the NSS and the MM's/brokerage firms responsible for allowing the illegal activity to transpire!!
This IS the very reason that we should/will see a cover.
post 46315 is my best scenario outcome!
Thank you for the multiples breakdown! Just about what I had in mind.
Just got back in.... Exactly my thought process, but stated a bit clearer. LOL
1. The company came out and said that they have cash on hand equivalent to .0035.
2. The company stated that they are aware of the NSS issue with the stock.
3. The company has financials due out on the 15th.
4. The company announced that the board would discuss a buy out.
Therefore, if the companies cash on hand is at least equivalent to .0035 per share and they are discussing a buy out (buy back) of the companies shares, then that would make shorty very nervous!! The company is basically saying that they are going to fight shorty on the open market, or buy our shares in a lump sum offer. Either way, this should make shorty have to cover his position from these levels, because both tactics should produce a higher SP. With this happening, the shorts will most likely cover due to the company buying and retail wanting in on the action. Therefore the buying pressure should overcome the shorting!!
If the company comes out and says that they will buy out all current shares for X amount and that amount is way higher than the current SP, what do you think is going to happen?? Yes, everyone is going to want the PNMS shares at this level, because they will make an instant profit from the difference between the current SP and the buy out price.
All of this is pure spec, but it seems to be a win from either side of the equation from here. Even if they do no do the buy out, the fact that the company has the cash and operations that represent a higher SP should increase the current SP buy several multiples. JMO
Last post for today: My point is that if the current shareholders know what they hold and know the perceived value of their shares, then the stock will go much higher due to less selling.
Yes, everyone should do their own DD, but as a collective group, the pps should increase all the more. JMO
Peace
Agreed, but there are often questions that I may not know to ask that a long may be able to elaborate on further than an IR department.
4GOD, are you here?
I think it would be VERY wise for one of the longs to post a point-by-point evaluation of todays PR's and how it will affect PNMS going forward. A unified logic/understanding will help this board too NOT run-a-muck with innuendos and misguided info.
I will regress with my opinion, and would like to have someone more aware of the overall PNMS status to address the current scenario.
The pps is valued @ .0035 alone, without the multiples factor which should/could be at least 2 to 5 possible. JMO
Good job!
The CEO just gave a small window of opp, for those that can see the writing on the wall!!
Hey!! If your not in GET IN!! NO JOKE!!
Agreed!
Plenty of cash on hand and pps undervalued combined with buyout potential= SQUEEZE a COMIN!! JMO
If they do get a buyout...we receive the per share price equivalent to the buyout, which the CEO basically just said in todays PR, was much higher then the current pps.
Don't sell your shares TOO SOON boys and girls!! :)
Sorry for the double post mods.
It's PNMS time!!
Cash on hand!
pps value at least .0035!
buyout= squeeze shorty! Weeeeeeeeeee
I see this as a small window of oppurtunity for Larry to once and for all prove that EQBM is legit! If he doesn't, then gameover and we loose.
Never, do you have your long range??
What I find worse than the wall street scammers, is the retail investors that turn on each other down here.
Ed, Thank you for those SEC links. The second link gives a more accurate explanation of suspension for each stock.
After all is said and done, it appears that EQBM has been halted upon the clarification/proof of assets of the company.
Each of the 35 companies were halted under 1 of, or all of 4 reasons.
IF Larry can prove that the assets of EQBM are REAL, then he should have NO issue with finding a MM to represent the stock in trading. If he cannot, then it's OVER!!
My question is why not prove the assets and wait to trade the stock until it is returned to the pinks. Why have it trade on the grey's and then move to the pinks. If Larry is for real and can find a MM, then I say wait to trade until we hit the pinks, and let everyone know in the meantime that not only are the assets real, but have been added to with Dalian.
Yes, we have our evil/saviours pointing and laughing at this now, and can be expected by such low life!
If Larry is not for real and this is/was a scam, then if I were Larry, I would find a place to hide!!!!!!
Final thought: Someone had to file a complaint with the SEC over this issue......I wonder who! Shorts? Farty?
That is why they had a "chill" on them! The DTCC determines as to wether they will hold them or send them to the brokerage firms. Brokerage firms will not hold them unless they are in street name, therefore they will be coming to us in our names. Thats actually a good thing!
As for this SEC suspension.....GOOD... Very few of us were going to sell at this point, therefore this buys us more time for Larry to get his butt in gear. Either way, we should find out the truth of EQBM/Larry going forward.
Heres to hoping this is in our favor, but be ready for the MM's to try their best to create a panic sell!!
Larry, you'd better come through BEFORE the suspension lift!!!
Peace
Difficult to call it when just yesterday we bottomed out @ .0031. Many have thought that the bottom was in on several occasions previously, per the chart.
I would like to see/receive some news from the company!
Man that is a sick pic Spark!! LOL
Congrats on your profits, but remember to have some tact, as people tend to earn reputations as to how they enter and exit a play!!
Peace
Profit taking on a 150% one day gain is to be expected.
This is a TA bounce. We will most likely have to wait for news for follow through. JMO
Filled me a little at the ask and then moved it up on me!!
They are not filling me @ the ask!!!
From what I can gather, we are due for news sometime soon.
Holding for a LARGE bounce from these levels!!
I live an hour away from Ocala (horse country), so I may just make the trip.
Anyone notice that O&G inventories are down?
I agree with the WRNW pps projection! Weve got the patience (me)part LOL, now we just need the confirmation of execution from the company.
I have an email into the company to see if there is large short in this. If someone already knows, then please speak up!! Thank you!
Boardmarks up by 40 from last week.
As I said a week ago...this appears oversold and undervalued when considering that O&G should be moving north due to driving season and WRNW's 07 projections!!
BOUNCE!! Don't flip too soon boys and girls, cause I have a feeling this is a winner from these levels. JMO
Well, it appears that Larry is going to slaughter his own shareholders/supporters!!
Sad Larry!! Sad!
Oh my...West your here as well!?!! Nice!
Righty...Soon, LOL!
Who knows anymore with this guy!!
As for the "good one"....I've already got one :)
As for the warrant extentions.... in order for SOMA to go up to the $10+ area projection, it will take more than Dalian. Therefore he needs/could go ahead and announce the Dalian deal, in order to start moving the stock of SOMA/EQBM up!! This way we will have the incentive to exercise the warrants as we had thought would have happened as of the initial exercise dates. Guess it will take just a little more time!! Sucks BIG, but I have plenty of time. :)
Whats that old saying??? S&*T happens!
I posted a couple months ago that Larry would probably extend the warrant dates along with a symbol change, per email exchanges with him.
As I stated yesterday, the extention is most likely due to the NSS position. The SOMA Divy/warrants CANNOT be delivered to all the EQBM shares that are entitled due to the additional fake shares sold.
If Larry were to release news of closed deals, it would not really benefit the EQBM stock because there are about 100 million additional fake shares that have been added to EQBM share structure by the miscreants! All they would do is continue their behavior until they are STOPPED and/or FORCED to cover those shares!!
:)
Yes, I have counted up the daily volume trades on both Friday and today on my brokerahe charts, and it doesn't account for the additional 4 to 5 Million shares!
On another note... Am I the only one to notice the additional 4 to 5 Million share volume added after trading the past two trading sessions???
Wave....should we bring the BIGN family over here as well??