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IMO, very soon, I hear that Orbit only needs the 05 financials to get off the suspension list due to the two year rule, and that should get them off the list; so if that is the case, buy your lotto tickets early on Aug. 3; it should get plenty of notice for sure.
My Lotto Pick; The Good, the Bad, and the Ugly
OBBCQ - Coming out of BK; Currently Halted; Cannot Buy until off the Suspension List and Waiting on Audited Sec. Filings
Added to my position - 1,000,000 shares July 5, 2007 at .0004
IMO, the pennies are coming
AS: 5,000,000,000 Current
OS: 3,094,350,600 as of June 13, 2006
Currently; .0004/.0005
Thanks for the DD; ISBL is looking so sweet.
Well, maybe you are right; that is just my understanding from some DD on another stock.
GLTA
I suppose once they get some attention; I know that the companies get fair warning also before they get on the list. If a company has everything well planned; it would be explosive for the stock after getting free world wide attention.
The worse news is that they are on the sec suspension list; now no one can buy until they get off that list; LOL
Lucky for those that bought early, IMO.
I heard that the filings need to be up to date within two years; so Watercolor needs to file their remainder of 2003 plus 2004 and 2005's within the ten day suspension. I found out about the two year rule because one of my favorite stocks is on the suspension list also, but they only need to file their 2005's to get off.
In order to be removed from the suspension list, Orbit only needs to file the 05 financials within the ten day suspension.
BMOD Keep on watch; maybe some Mayo Clinic news coming?
Found this on another board;
READ CAREFULLY - THIS IS MAJOR NEWS FOR ALL INVESTORS AND TRADERS!!!!
Sen. Bennett Renews Call for Hearing into Stock Market Fraud
by Mark Faulk
In a speech on the floor of the U.S. Senate today, Senator Bob Bennett (R-UT) called for Senate Banking Committee Chairman Chris Dodd to conduct a hearing into stock market fraud, <bspecifically addressing the issue of naked short selling. Sen. Bennett has been a long time proponent of stock market reform, and was instrumental in proposing a Senate Banking Committee hearing into naked short selling as early as late 2004, which were eventually shelved by then Banking Committee Chairman Sen. Richard Shelby (R-AL). He said that Sen. Dodd, who has entered the 2008 Presidential election, was willing to conduct a hearing into the issue:
“I think it is serious enough that we ought to have a hearing about this in the Banking Committee, and I have spoken to the Chairman of the Banking Committee, Senator Dodd, and asked him if it wouldn’t be possible for us to have much of a hearing at some point in the future, and he’s expressed a willingness to do that. I can understand, we can’t set a time for that right now. There are too many other things going on in the Banking Committee, but I’m delighted to know that he’s willing to cooperate with us in examining this. And I would like to suggest several things that I would like to discuss at that hearing.”
A source close to the issue said, “Senator Bennett has spent an enormous amount of time studying this problem, he’s intimately familiar with the abuses in the stock market. This speech is his opening salvo.” He went on to say that “We need an avalanche of letters and emails from every state in the Union going to every member of the U.S. Senate, urging Sen. Dodd, the chairman of the Banking Committee, to hold the hearing on Sen. Bennett’s recommendations.”
After first explaining the basic issue of naked short selling to his fellow Senators, Sen. Bennett then addressed the SEC and the creation of the DTCC, and their role in trade settlement, and how the need for a system to facilitate trade settlement led to the creation of the DTCC, or the Depository Trust and Clearing Corporation. He said that the while the DTCC is regulated by the S.E.C. that” I don’t think that last statement is true. I’m not sure that the S.E.C. has control over the DTCC. He then quoted from a Wall Street Journal article that said, “Almost all stock is now kept at the company central depository and never leaves there. Instead, a stock buyers’ brokerage account is electronically credited with the securities entitlement. This credit can, in turn, be sold to someone else.”
Then Sen. Bennett described how electronic settlement, which he called “replacing paper with electrons,” can “provide cover for naked shorting of the stock” because shareholders are given an electronic credit for the purchase instead of physical delivery of the shares. From there, he described how electronic trading, and the DTCC’s practice of keeping shares in what has become known as the “DTCC Borrow Pool,” invites manipulation of the system:
“So this happens: a short seller enters the market and says, “I want to short—I want to sell 1,000 shares of XYZ stock so at some point he has to produce 1,000 shares to cover his sale. How do you do that? You borrow the shares. And then you buy them back at some future time. All right. From whom do you borrow them? The DTCC. They have all of the shares on deposit. So you go to the DTCC and you say, I want to borrow 1,000 shares of XYZ stock. They say, fine, we have them on deposit and will lend them to you so you can use them for your ‘short’ sale. All right, everything’s fine. Except that, in this electronic age, it is possible for you to keep shuffling around the electronic impulses that represent the stock and never, ever, have to buy it back. Stop and think about that, Mr. President. That’s a pretty good business plan. You can sell as much as you want and never, ever, have to pay for it. You could go in, the stock trading at $5 a share. You go in and sell 1,000 shares. You paid $5,000 for selling 1,000 shares and you never have to buy them. Because you are constantly moving around the electronic impulses that represent those shares. You never have to cover.
Now, when you talk to the DTCC people they say ‘No, we always make sure that there is a delivery and if there’s not, it’s not our fault. It’s not our responsibility to police this, it is up to the brokerage house to do this.’ The S.E.C. has spent enough time looking at this and enough time talking to me that they issued to me a three-page letter outlining the steps they have taken to stop the practice of ‘naked short selling.’”
After talking about recent rules implemented by the S.E.C. in an effort to deal with the problem of naked short selling, he talked about another method of circumventing the rules, a scheme that is commonly referred to as “stock kiting,” where two brokers pass shares back and forth between themselves, with each one holding the shares for thirteen days, the limit before forced settlement of the trade, and then passing it back to the other broker, where, according to Sen. Bennett, “they ping-pong these back and forth as long as they want. So you can have a situation where people are selling shares that don’t exist, taking commissions on the sale, and the profits of the sale, and never ever having to produce the shares.”
Bennett also said “I think a Congressional hearing is a good place for those who are running the DTCC to explain to us how it really works. And I would like the S.E.C. to come in and give us their background and information as to how their rules are working to try to stop the naked short selling.”
He laid out a number of proposals in his speech, including “a rule that says that brokers cannot borrow for short sales more stock than is on deposit with the DTCC. I think that’s just obvious. If there are 3 million shares of XYZ company on deposit at the DTCC, people should not be able to short sell 4 million shares…So my first recommendation would be that the DTCC cannot make available loans for short sellers more stock than they have on deposit. Once they have reached the point that 100% of the shares they have on deposit have been loaned out, they can’t loan out anymore. I think that’s just an obvious, commonsense recommendation, but it doesn’t apply now.” He also said, “there ought to be a rule that says that a broker cannot be paid a commission on a short sale until the shares are delivered.”
"It does not involve very many people, but for the people—to the people who are involved, it, frankly, can be a matter of life and death. And there are enough of them starting businesses and creating entrepreneurial activities in the United States that we owe it to them to find out exactly what is going on with respect to this.
That’s why I’ve asked Chairman Dodd to consider a hearing on this matter, to let us hear from the S.E.C., to let us hear from the DTCC, to let us hear from those in the marketplace who have actual experience with this and see if the present S.E.C. rules are sufficient or if we need to do additional things around the lines of the two items that I have suggested.”
Our anonymous source, who has spent years behind the scenes working for stock market reform, stressed that the hearing could hinge on the level of response from those who have been affected by stock market fraud, saying, “There’s been no bill introduced, but Senator Bennett is prepared to introduce a bill if these issues are not resolved. We need a nationwide campaign to get people to write their senators urging them to tell Sen. Dodd to hold hearings into the issues that Sen. Bennett addressed in the U.S. Senate today.”
--------------------------------------------------------------------------------
TAKE ACTION NOW!!! WITHOUT YOUR HELP, WE WOULD NOT BE TALKING ABOUT THIS IN THE U.S. SENATE....WITH YOUR HELP, WE CAN FIX OUR STOCK MARKETS!!!
To contact your Senator, go to:
http://www.visi.com/juan/congress/
To contact Senator Chris Dodd, go to:
http://dodd.senate.gov/index.php?q=node/3128&cat=Opinion
or write him at:
U.S. Senator Chris Dodd
448 Russell Building
Washington D.C., 20510
or:
U.S. Senator Chris Dodd
30 Lewis St Suite 101
Hartford, CT 06103
If the 05's come out within ten days, but the 06's do not come out during that timeframe, the biggest problem would be going on the grays for awhile, but I doubt we would be able to buy any at .0003 because of that, IMO, especially after the 05's are filed.
You would have to wait to trade until it came off the grays,IMO.
I forgot to put, IMO, in the last post.
The 2005 audits could come out at any time now, but the 2006's are due August 15 and shortly afterward the 2007 first quarter. In any case, they will be fully compliant by the time they have their next court date, August 23, IMO.
Thanks for your updates;I'm still holding most of my shares; we are lucky; we have a real company and already making money; I'm looking forward to the sec audits and moving to a higher exchange; this will get rid of the naked shorts too.
No, just wondering.
So no R/S is coming?
The SEC have been cracking down on the pinks, and mostly likely the high volume did get their attention, but it should be fine once the company takes care of what needs to be done, but if they don't in ten days, it may trade on the grays for awhile, IMO.
I highly doubt that; Orbit will be compliant by then. Those who recently bought will be happy, IMO.
Ten day suspension/no big deal
http://www.sec.gov/litigation/suspensions/2007/34-56110-o.pdf
OBBCQ on Suspended trading list for ten days;
http://www.sec.gov/litigation/suspensions/2007/34-56110-o.pdf
I'm holding and waiting for the double on rumored contract, possibly Subway.
UDSG
Outstanding Shares: 208,801,578 as of 2007-05-24
Authorized Shares: 350,000,000 as of 2007-05-15
Float: 43,000,000 as of 2007-05-15
Number of Shareholders of Record: 657 as of 2007-05-15
Jul 11, 2007 (M2 EQUITYBITES via COMTEX) -- UDS Group Inc (Pink Sheets:UDSG), a player in delivery management solutions, on Wednesday (11 July) revealed its plan to purchase up to 10m shares of its common stock in the company's first corporate buyback. The buyback has no time limit and the shares will be bought through the open market, based on price and market conditions. This share buyback is in addition to company's recent retirement of 27m shares.
UDSG UDS Group, Inc. Expands Delivery Service Test with Salad Creations in South
Florida
Following Successful Initial Test, Companies Intend to Enter into National
Delivery Agreement
BOCA RATON, Fla., Jul 19, 2007 (BUSINESS WIRE) -- UDS Group, Inc. (Pink
Sheets:UDSG), a leader in delivery management solutions, announced today the
expansion of its test delivery order processing service with Salad Creations in
South Florida. Following the initial successful testing, the companies intend to
enter into a national delivery agreement. Salad Creations, a national franchise
offering a fresh alternative to fast food for today's healthy lifestyle, operates
more than 25 locations in 14 states, Brazil, Puerto Rico, Mexico, and Trinidad.
UDS and Salad Creations will be adding the processing or delivery and pick-up
orders this month at Salad Creations' restaurants in Coral Springs and Weston
locations using its 1-888-4-A-SALAD number to deliver the restaurants' salads,
wraps, soups, and smoothies. Salad Creations guests will be able to dial the
toll-free number for Salad Creations and place an order with a UDS operator who
is trained as a Salad Chef. Upon confirmation of the order, it will be
electronically transmitted to the appropriate store for preparation and delivery
or pickup. UDS manages the entire process to ensure complete guest satisfaction.
"Having the opportunity to partner with one of the fastest growing private
restaurant companies in the United States is an honor and privilege," said Ryan
Coblin, chief executive officer, UDS Group, Inc. "Following our successful
initial testing, ease of use by the guest and increased sales at the unit level,
we are looking forward to rolling out our delivery solution to additional
locations with the intent of launching delivery nationally."
Each Salad Creations restaurant features more than 40 ingredients to choose from
including farm-fresh vegetables, fruits, cheeses, sliced meats and over 15
specially prepared salad dressings.
Specially trained Salad Chefs prepare each guest's order and, if asked, can help
match particular tastes to customize each individual's salad experience. Finally,
all salads can be either tossed or chopped.
In addition to the "Create Your Own Salad" option, Salad Creations also offers
more than 10 featured salads and a variety of daily soup specials, fresh wraps
and a complete line of smoothies.
"We're very excited about expanding our delivery and pick up options at Salad
Creations, which further showcases our commitment to the highest level of guest
service," said Jeff Smith, chief financial officer, Salad Creations.
About Universal Delivery Solutions, Inc.:
Universal Delivery Solutions, Inc. (UDSG.pk) http://www.UniversalDelivery.com is
the first company to provide a 100 percent, turnkey delivery platform to the
service industry throughout North America (restaurant, retail, other). The system
is designed on both a customer relation management (CRM) system and a service
integrated technology backbone between customers, call center and the personal
industry provider of choice.
About Salad Creations:
Salad Creations is a national franchise offering a fresh alternative of quality
made-to-order salads for today's healthy lifestyle. Each restaurant features more
than 40 ingredients including farm-fresh vegetables, fruits, cheeses, sliced
meats and over 15 specially prepared homemade salad dressings. Salad Creations
also offers more than 10 featured salads and a variety of daily soup specials,
fresh wraps and a complete line of smoothies. Headquartered in Margate, FL, Salad
Creations has more than 25 locations open in 14 states, Brazil, Puerto Rico,
Mexico, and Trinidad, with plans to open 35 additional locations through 2007.
For more information, visit http://www.saladcreations.net.
Disclaimer: This report contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements, other than
statements of historical fact, including statements regarding industry prospects
and future results of operations or financial position, made are forward-looking.
We use words such as "projects," "projections," "anticipate," "believe,"
"expect," "intend," "estimate" (and the negative of any of these terms), "future"
and similar expressions to help identify forward-looking statements. These
forward-looking statements are subject to business and economic risk and reflect
management's current expectations, and involve subjects that are inherently
uncertain and difficult to predict. Our actual results could differ materially.
We will not necessarily update information if any forward-looking statement later
turns out to be inaccurate. Risks and uncertainties that may affect our future
results include, but are not limited to, market risks, contractual risks,
restaurant industry risks, revenue and cost risks, litigation risks, and risks of
having inadequate capital for operations.
SOURCE: UDS Group, Inc.
UDS Group, Inc., Boca Raton
Ryan F. Coblin, CEO, 866-253-0222
rcoblin@universaldelivery.com
or
Salad Creations
Chad Cohen, 954-893-9150
ccohen@fish-consulting.com
UDSG looking strong
Thanks again, I'll check it out.
That's great and thanks; so far it seems on track for a nice lotto pick.
OBBCQ Buying volume increase today; may have bottomed.
Watch what happens with good news and hardly any trading shares available; shock and awe.
Speculative play, but it appears that the price of poker is going up.
Not many shares available.
IMO, once the 2005's are filed, it's clear skies ahead.
The crooked MM's are setting the price.
A tad a day, they have been eating through that resistance each day now with large buys, if this pattern continues, PDVP will to to .0018 today and close at .0017, and in a few days it could be a runner.
They all went through at the ask.
Those were all buys today.
Looks great; all buys, and the MM's continue hiding some bids today.
Great News today.
PDVP/News
Podium Venture Group, Inc. Comments on Company Structure
Monday July 9, 8:55 am ET
PORTLAND, ME--(MARKET WIRE)--Jul 9, 2007 -- Podium Venture Group, Inc. (Other OTC:PDVP.PK - News), an apparel, media, and publishing holding company in the lifestyle sports industry announced that the current common stock authorized remains at 500,000,000 with 488,000,000 issued and outstanding.
ADVERTISEMENT
"While we continue to grow this company through organic and external platforms -- the current authorized common stock remains at 500,000,000. Moreover, as stated before, we have no current intentions to increase this number. Podium and its currently held brands are quickly realizing the stability and synergies that our "brand incubator" concept can provide. We intend to continue this momentum into the second half of 2007. Increasing the authorized with current capitalization and market presence would not give us the opportunity to explore growth, whether internally, through acquisitions, or in moving to a senior exchange. Shareholder value is of course a paramount concern as well. For now, as it has been since our inception -- we move forward with a clearly defined strategy, momentum in the marketplace, and tremendous brand synergy." -- Jim McGinley, President & CEO, Podium Venture Group, Inc.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
CONTACT:
Podium Venture Group, Inc.
Jim McGinley
207-772-3202
http://www.podiumventuregroup.com
I agree; they were not showing the bids so end of day large buys went through at ask; Monday should be interesting.
PDVP may dip a bit, maybe to .0013 where there is strong buying; also be aware that they are not showing all the bids; maybe some MM games here.
PDVP holding nicely; next week will be fun.