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I was not on the call and could care less about what he had to say for good reason. As far as DD is concerned, the best one you can come up with could never match what he's really up to.
Let's just say that I expected the "story" to somehow contradict the "trading" and plus why should I trust everything he says when he gives everyone but a few half of the story.
You're right, I did go long at one point even when VFIN was smashing the bid 2 weeks ago cuz the chart looked good. Then there was a break in the storm and thought dilution was over till PUMA pops out of the wood work for the second month round. The duo can only mean one thing; PPS is heading south or nowhere.
I will cut him slack for admitting that there are more shares to be thrown in the mix but how could he hide from VFIN/PUMA when they've been the lead MM's for this stock in the past few months.
How about filings for the additional 150 million shares (3 times the original OS) instead of telling us simply who owns few shares here and there? I thought this was an OTC so how is one supposed to reconcile debts on the balance sheet if stock is being handled like toilet paper. How about some 8k filings to reinforce his statememts which I prefer over PR's especially if they can't afford one? Till then, I will stick to my holsters.
This Q will only show half of the new traded shares and I can't wait to see if there is breathing room on the statements. I hope he remains as enthusiatic as he's now come 2nd Q otherwise my statements about where the PPS could end are valid. Time will tell.
CEO & his dogs were ready at the gates for some fresh meat today but they didn't get any.
I am sure they(???) will regroup and we'll soon find out about their next move. Overall, very pleased with today's action. Right now, I detect desperation and I hope he doesn't trip.
Loading in the am. Selling should be done.
I totally understand and I appreciate your sharing.
As to the offer, I will pass as I tend to do and feel better on my own.
TY
1) Yes.
2) CEO is better placed to answer that one. He should have been asked yesterday, imo.
3) It's land of freedom for eveyone I suppose.
You can't have it both ways and I agree. You're either on the retail or wholesale side. No big deal.
Problem is CEO doesn't need to induce double standards so he can benefit himself and screw everyone when he's trying to feed soup to the retail and prime rib to wholesale.
Perhaps you can enlighten us about what price he's giving the stock for since you seem to know exactly what I am referring to.
Correction - PUMA is a market maker. They trade on behalf of their investors. The company cuts deals behind closed doors with them for real cheap shares which PUMA handles for a commission. Just imagine what the CEO must be giving these shares for. Of course he won't tell anyone outside of that tight circle.
Ask yourself, you think these investors are in the business of losing money by selling this low or is the CEO lending them a hand so he can pay his salary+kick backs
You think PUMA would park on the ask if they thought they were hollding a gem. They don't need to attend a CC. They apparently could see through all this since december.
Dude, I am with you. They can't afford a promotional campaign right now. I don't even think they cann afford ink just to print the additional shares
Don't shoot yourself in the foot!
Perhaps we should also let everyone know about the additional share count this CEO has funneled through VFIN and PUMA, just this past month.
Can't believe no one cared to ask thihim about details of the financing and what the cash was meant for.
Everyone was jumping up and down last night after listening to this comedian but reality is what the tape tells you right now.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=99416887
Perhaps, he should have been asked at what price were all those shares issued?
FYI, cell phones work can work with wifi too.
They barely can keep the lights on and you want a PR. How do you think they'll be able to pay for it. PUMA will heartedly say "Can we pull that printer again for the CEO?"
It appears CEO made a nice soup in the CC with institutional investors buying into a subpenny. PUMA/VFIN are still getting treated with prime rib by the company.
OS 150 ---->156 million.
If production is rev'ing up why the addtional stock.
No guidance ---->Q will still be bad
Can only mean one thing, more dilution on the way. I guess he can't divide if he doesn't know how many more shares he's gonna have to issue. How about fraking sale projections? I can do the math for him if he needs me to. What an ARSE!
Can only mean one thing, more dilution on the way. I guess he can't divide if he doesn't know how many more shares he's gonna have to issue. How about fraking sale projections? I can do the math for him if he needs me to. What an ARSE!
Very pragmatic and I can see why.
OS went from 50 to 150 and only one filing was divulged for a couple of mills. Why and from where are these blocks being dumped?
Why isn't the CEO saying at what price he sold the new stock and to whom? Sure, continue to trust mgmt when they only tell half of the truth. I say this CEO should put his wallet where his mouth is.
FYI, in case you missed my point this should be a good Q for him this afternoon. What is the financing(dilution) being used for? Clean the BS or finance the new projects?
Just sick and tired of being left in the dark by these crooks
Lim MWWC(CEO) = .0001
PUMA+VFIN ----> 8
This is a standard formula for pinkies
Whenever VFIN or PUMA involved, they're being fed directly from a crooked CEO who at the same time gives BS to shareholders. The tape never lies. I really don't expect much from this stock other than heading back down to .003 or less, regardless of what transpires in the CC.
PUMA has plenty of shares due to dilution and when they're done VFIN will be next
Maybe a new jack with MWWC but not to the world of pinkies and VFIN leading the way. As I said and several can see right there on the tape. V---F---I---N on ther ask means T---O----X---I---C finacing taking place.
How can you have a plan when you're bleeding all over the place? Just take a look at that fancy shmancy balance sh!t
Apparently he and CEO just had prime over lunch and had some chit-chat. CEO told him not to woryy and that there is plenty where all this comes from. So no worries. .015 to .005 was nothing. Wait till triple 000's come next week.
If CEO had something good to say, he would not be wasting anyone's time.
99% of pinksheet CEO's are crooks. I can show you at least 10. Can you show me one that is not?
To finance what other than than the net increase in AP on the 10-K and pay their own measly salaries on the back of shareholders by selling millions of shares that VFIN is glad to throw on the open even at subpenny prices.
Kiss the .015 good bye and say hello to .005
200% is a steep ramp. Better slide down...
Buying, you're nuts! Switched from long to short
Another 200 share buy at the ask just like the first one this am. Watch for another 20% drop and learn
Can't you see? Go back to 3/11 and 9/11 on the tape. Each time, CEO used the PR machine to pay his salary by milking this cow.
The same one that's making me money right now as we speak and the CEO laughs
It's never a good thing when VFIN is backed up by PUMA. I watched many pinkies lose 99% of their value especially when CEO makes shady promises with no backing.
Apparently he's got plenty to dump. I think best go short than long at this point.
800K traded so far and PPS found a new low. Enough said
I don't know about this CEO's empty twitting promises and all this 2013 wait nonsense. Sure looks like that PPS collapsing right now, all courtesy of the king of pink sellers - VFIN
I can't tell if they're trying to buy or sell. Which MM's are on the receiving side?
TIA
First time today that the usual 800k swap in last 10 minutes of didn't take place. This was the case in past 3 consecutive days. Definitely a good sign.
Can someone answer the following? The recent 13G's? How are they acquiring the stock? Private placements? Conversions? Buy in open? What is their cost? It doesn't seem like the company is dumping into the market based on minimal dilution from the tape.
Thinking about going long on this one. Good bottom fishing with good business prospects but the BS is loaded with debt especially AP. What else can you expect from a pinky? If BS improves, this could easily move the OTC. Dilution appears to be kept low and the float is tiny.
I'd like to see VFIN out of the way before I can make a move.
Billionaire Phil Falcone’s LightSquared wireless venture said it isn’t seeking to raise fresh capital as it awaits FCC clearance to operate its planned 4G network.
The effort says it has enough funds to last “several quarters,” without providing specifics.
LightSquared has been seeking to build a new wireless network to compete with mobile-phone companies and with wholesale providers of wireless spectrum. But the company’s plans have been hampered by a recent round of testing by the Defense Department and FAA, which found LightSquared’s network interfered with a substantial portion of GPS devices.
http://blogs.wsj.com/deals/2012/01/18/lightsquared-says-fcc-tests-were-rigged/?mod=google_news_blog
I wonder if GPS intrusion has anything to do with this
http://news.yahoo.com/night-chaos-fear-cruise-ship-ran-aground-220920243.html
With 4000 people on board.
I am sure congressmen will do something about this since they've been known to visit GFs as far as Argentina. They certainly don't want to raise public suspicions about their own matrimonial life.
Wouldn't it be funny if Iranians could intercept one of these secret trips to an Asian GF and start another hostage crisis similar to the one of 1980? Wifes would probably ask their husbands detained indefinitely just like in Guantanamo.
Has AF1 been on trips since this GPS problem started?
I see VFIN has cooled off. AUTO is always an enigma unless you're constantly watching L2. NITE heavily used by diluters has also fallen back. Healthy sheet as far as longs are concerned
FINRA daily data is not indicative of the overall short trend because the data is still reported as such even when short positions are closed on the same day.
Biweekly reports data is more reliable in terms of which direction shorts are going and only when the ratio is significant or when there is a major jump in the short volume.
As stated in the other post, shorter and flippers are all in the same. They open a short on a morning gap up and close it in the middle of the day on retracement for a little swing trade. Just the opposite of buying low and selling high on the same day. But FINRA still requires MMs to report data under short volume. I remember having conversation with someone over at FINRA few years back and he concluded that the data is not reliable for the purpose of an investment.
As to FTD or Fail-to-Deliver, they occur on settlement of short positions i.e after the 3 business days pass and the stock borrowed is nowhere to be found in the margin account in case of a call triggering a squeeze with it which works well for long traders. Technically, a shorter is required to confirm first availability in the stock so that it can be borrowed and delivered to the margin account after the trade settles. Otherwise, the trade effectively turns into what is also known as a naked short sale. Legislation is kind of messy on the subject as the SEC allows MMs to perform naked shorting since they are entrusted with providing liquidity to traders. I personally think MMS serve themselves more than anyone else. I am sure a lot of people around this site know about the notoriety of VFIN as the worst short seller although I will add VNDM, PUMA, ASCM and MAXM from personal experience. A clear sign is when they’re constantly sitting on the ask i.e. selling everything including virtual stock they never owned. So the MM name involved in trading can sometimes be indicative of the short trend. MMs usually cooperate together although they sometimes use AUTO to hide their real face behind a shield. But I’ve seen VFIN constantly getting hit on the ask by VNDM (or VFIN could use AUTO on the bid to buy from itself) and achieve a substantial price fall. When all done, VNDM (or AUTO if you will) will sell the stock back to VFIN at a predetermined time and bottom to close the original short position. I assume in such cooperation they split the profits. I am also always intrigued when I see a new MM on the bid starting trades in a stock that’s been falling like a knife and still continue in the same position even when the company is going nowhere but into the ground. I don’t know if it’s because of the liquidity that must be provided or if it’s another scheme I am not aware of. I’ve seen MM’s walking from a bankrupt stock with a humongous large position and not flinch at the loss. I wonder why as they’re clearly not in the business of throwing money out of the windows. I’d like to also add that MM’s can trade off tape and paint their books accordingly at the end of each month.
Hopefully I confused both of us since at least that’s what legislators and lobbyists expect from us so please don’t quote me on the above as most of it is based on observation and experience
China now offers its own GPS and better than the one from the US and I am sure with a "Made in China" label at a very deep discount. Probably where Iranians got theirs to down the drone.
Amen. Clearly shorts don't necessary use fundamentals either when it comes to this one. In general, consensus revolves around gravity principles, i.e. what goes up must come down if it is not sustained by real forces.
Only confidence can be implied in a statement where indication that no PR's will be necessary but to expect indirect annoucements to provide a clear view on the plans ahead. As someone already stated on this board I consider it a win-win. No need to spend money to pay for PR's and you still get the benefit of good exposure. It must be that something is being done right behind the walls of this outfit and people in the know want in on it.
Just curious if you can provide a link to the syndicated show you refer to.
LOL...The answer lies right exactly where they left at the end of the video.
Taxpayers money as usual is with a fork in it. Question is who decides how and when it's bitten.
Modern(questionable as greed has always been inherent to human nature)politics is just a show where legislation is used to turn what main street expects(or likes to hear) 180 degrees around when lobby money is allowed to overrule taxpayer money. Proof lies in conflicts of interest in general. Big can't necessarily outweigh schemes from an underdog.
So who's to blame? Politicians/policymakers or the rich with their lobbies? Where does that leave citizens and their tax money? Such shortsightedness is now starting to catch up with these dumb bells as witnessed in the example of this GPS nightmare