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volume comes with news and investors need to be assured that this is the case regarding the CD's. This news alone can help the stock imo.
how many shares were shorted and are still a open short that were expecting the conversion of the CD, considering they didnt expect the retirement of the $400,000 CD? my math shows potentially 40,000,000 million shares
BOLD PREDICTION: looking at the 50 day ma turning up heading towards 200 day ma, the stock is easily headed to may highs, if not higher. We need fundamental news with that will drive this, but technically the stock is definately headed higher. As long as the CDS are no longer in play, nobody knows just how high this could go. imo
someone is covering on the bid and trying to keep the price below the 200 day MA
can anyone post a level 2 mm line-up
Shorty..that's 12k downloads, 0 marketing.
Market news....Qualcomm Expands Snapdragon Family with Introduction of Processors for Smart TVs and Digital Media Adapters
7:30a ET January 10, 2012 (PR NewsWire)
Qualcomm Incorporated (NASDAQ: QCOM) today announced that the Company's Snapdragon(TM) processors are powering smart TVs at the International Consumer Electronics Show (CES) in Las Vegas. The Snapdragon smart TV experience will bring full web browsing capabilities to television, including integrated best-in-class Wi-Fi(TM) connectivity, high performance graphics and the latest Android apps and console-quality gaming experiences. Demonstrations of the Snapdragon smart TV experience will be held during the opening keynote address of Dr. Paul E. Jacobs, chairman and CEO of Qualcomm, on January 10 at 8:30 a.m. PST at The Venetian. Jacobs' keynote will be part of the Technology and Evolving Countries (TEC) Program, focused on the role mobile technology plays in global innovation and economic growth in consumer electronics.
Snapdragon processors will power the next wave of enhanced smart TV experiences -- including leading audio/video capabilities, pure web browsing and more robust apps -- delivering on Qualcomm's commitment of keeping consumers continuously connected to their favorite devices, content and apps. The Snapdragon S4 MPQ8064 processor features a 1.5GHz quad-core CPU--based on Qualcomm's Krait micro-architecture--Adreno(TM) 320 graphics and advanced audio/video capabilities, delivering mobile users the highest performing mobile experience while consuming less power.
The first Snapdragon powered smart TV, which is being launched by Lenovo, combines Qualcomm's mobile expertise and Lenovo's computing/CE expertise to enable the world's first smart TV running on the Android 4.0 operating system. Qualcomm's Wi-Fi connectivity provides seamless delivery of real-time Internet video, multi-player online gaming and local content to the television and other screens in the home. Thousands of apps from Android Market and Lenovo Store, including console games, are ready for access with a simple touch. With full Internet access, consumers can access their favorite songs and videos, share files between the TV and their tablet, smartphone or PC and control the TV via tablet or smart phone.
"Consumers demand a seamless experience across all screens, including smartphones, tablets, PCs and televisions," said Raj Talluri, vice president of product management for Qualcomm. "Having Snapdragon processors power smart TVs and digital media adapters is a natural extension of our leadership in mobile and computing technologies into the connected home."
"Lenovo's newly announced K91 Smart TV is a milestone for the connected home and digital technology," said Xiong Wen, general manager and executive director, Smart TV, Lenovo. "It's the first Smart TV in the world to run on Qualcomm's Snapdragon processors, as well as the first to run on Android 4.0 for full access to the Android marketplace. Lenovo is taking the digital home to new levels and making consuming content and connecting via videoconferencing, social media and more, easier than ever."
Currently, there are more than 300 Snapdragon-based devices commercially available and more than 350 in development. The S4 line is currently being integrated into more than 70 devices from 20 leading OEMs.
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"212"
Must read for all shareholders. Understand how our company was a target by shorty.
Sounds Familiar?? To bad g3connect took a unexpected equity stake retiring the cd.
How many shares is SHORTY short? They expected a conversion, not a buyout of the cd, run the #'s.
If not the debt holders shorting it could have been affiliates or professional shorts.
Arty knows the answer who.
"There have been instances where holders of toxic convertibles short sell the company's common stock to drive down the price and thereby maximize the number of shares to which they are entitled upon conversion of their debentures. In many cases this scenario has been a 'death spiral' for companies, with the convertible debenture investors ending up with majority control of the financially weakened company because of the dilutive effects of the successively lowered conversion price," states the court document.
Bashing and shorting direct ties...read how they conspire with brokers
SEC short target, brother face criminal charges in Sedona case
Canada StockWatch
By Brent Mudry
December 29, 2003
Two American shortsellers face criminal charges in the first major U.S. prosecution of naked shorting through a Vancouver brokerage in a death spiral financing. A criminal complaint naming Thomas Badian and his younger brother Andreas Badian was unsealed Dec. 4 in United States District Court for the Southern District of New York. Both face one count of conspiracy to commit securities fraud.
Andreas Badian was arrested that same day by U.S. postal inspectors and released on $2-million bail, with $1.5-million cash, and ordered to surrender his travel documents and not to leave the U.S. (All figures are in U.S. dollars.) Thomas Badian remains at large and his current whereabouts are unknown. Both remain presumed innocent unless proven guilty beyond reasonable doubt at a future trial.
Both men, who worked for New York-based Rhino Advisors Inc., allegedly used offshore accounts in a death-spiral financing of Sedona Corp.
The criminal case comes nine months after the United States Securities and Exchange Commission jointly fined Rhino and Thomas Badian $1-million in a consent settlement of the regulator's civil case in February. The SEC defendants neither admitted nor denied any of the regulator's allegations.
The SEC notes that Rhino represented secretive offshore client Amro International S.A., which was not named as a defendant. Despite its copycat name, Amro International S.A. is believed totally unrelated to ABN Amro International, the respected European-based international finance group.
Neither the SEC case nor the criminal prosecution identify which Vancouver brokerage was used as a short-selling conduit in the Rhino scheme.
THE CRIMINAL CASE
The criminal prosecution was launched by United States Attorney Richard Comey, with Assistant United States Attorney Marcia Isaacson and Special AUSA William Stellmach serving as case prosecutors, after an investigation featuring the U.S. Postal Inspection Service.
The criminal complaint, based on a sworn deposition by Postal Inspector Ann Marie Williamson, claims that from November of 2000 to the summer of 2001, the Badian brothers, together with known and unknown co-conspirators, knowingly and willfully combined, conspired, confederated and agreed together to commit securities fraud. In the prime overt act cited, on March 20, 2001, Andreas Badian allegedly caused a broker at a New York brokerage to short shares of Sedona on behalf of the trading account of an unidentified offshore entity.
Investigator Ms. Isaacson notes she bases her allegations on information gleaned through interviews with various individuals, including executives of Sedona, a review of business documents provided to the SEC, analyses of Sedona trading prepared by the SEC, and audio recordings of conversations involving Andreas Badian and his co-conspirators.
The criminal complaint claims there is probable cause to believe that from November of 2000 to September of 2001, the Badian brothers and known and unknown others caused Sedona to make false and misleading public filings with the SEC which deceived investors, and they carried out a scheme to manipulate Sedona's share price.
Authorities claim the Badians and their co-conspirators executed the scheme by having an offshore entity, referred to as an unnnamed co-conspirator, loan about $2.5-million to Sedona under a convertible debenture financing. Under the terms, after a 120-day hold period, the debentures could be converted into Sedona shares at a floating rate, and the lower the stock price fell, the more shares the offshore entity would receive.
The financing agreement allegedly expressly prohibited the subscriber, the offshore entity, from engaging in any short sales. Contrary to this agreement, the Badians and their associates allegedly defrauded Sedona and its investors by shorting large quantities of stock through an account held by the offshore entity at a New York brokerage.
Investigator Ms. Isaacson, based on her review of documents and discussions with the SEC, notes that the unnamed offshore entity is a Panamanian company based in Zurich, while Thomas Badian served as president of Rhino, which purported to give investment advice to the offshore entity. The complaint alleges younger brother Andreas Badian, an employee of Rhino, directed trading in the offshore entity's brokerage account, while the two brothers exercised control over this account.
The criminal complaint claims that Thomas Badian, acting on behalf of the offshore entity, negotiated the $3-million convertible debenture financing with Sedona. In general terms, the complaint describes this financing as a type of toxic convertible, which could lead to a "death spiral" in the company's stock price.
In death spiral financings, ignorant, desperate or complicit companies generally raise money by selling convertible debentures with fluctuating conversion terms. Shark financiers exploit the situation by aggressively forcing the stock price down, through illegal or legal shorting, resulting in a massive death spiral for the target company, as millions of shares are issued at progressively lower prices when the debentures are converted. Such deals are also called PIPE financings, or private investments in public equities, in industry jargon, or toxic debentures on the Street. (Not all such financings prove toxic for the target, however.)
"There have been instances where holders of toxic convertibles short sell the company's common stock to drive down the price and thereby maximize the number of shares to which they are entitled upon conversion of their debentures. In many cases this scenario has been a 'death spiral' for companies, with the convertible debenture investors ending up with majority control of the financially weakened company because of the dilutive effects of the successively lowered conversion price," states the court document.
According to authorities, after Thomas Badian negotiated this Sedona toxic debenture on Nov. 22, 2000, with an agreement prohibited shorting, his brother Andreas Badian directed shortselling through the offshore entity's account. As an example, the offshore brokerage account shorted about 700,000 shares in March, 2001. The complaint notes that the shorting was naked, as the offshore entity did not tender notice of conversion until March 27, 2001.
The complaint alleges that the offshore entity repeatedly failed to tender Sedona shares to the brokerage for delivery within three days of each sale, as required by industry practice. This included a failure to deliver the 700,000 shares shorted that March, until later.
"Although I have not completed my review of the trading records for the offshore entity brokerage account, based on the analyses that I have reviewed, it appears that these short sales were designed to drive down the price of Sedona common stock so that the offshore entity could profit by covering its short positions with stock obtained at a price below that which it had sold short," states Postal Inspector Williamson.
The complaint includes details of taped recordings made by the brokerage for certain phone lines used by its brokers in speaking with customers.
According to these tapes, on March 20, 2001, Andreas Badian told the broker to sell Sedona shares with "unbridled levels of agression" on behalf of the offshore entity's account. After this call, the broker shorted 74,500 shares. The stock closed at 97 cents that day.
"The next day, on or about March 21, 2001, Andreas Badian congratulated Broker 1 on a 'good job,' noting that the company's share price had 'collapsed.' Badian then directed Broker 1 to be 'merciless' with Sedona," states the complaint. The broker then shorted a further 78,600 shares. Sedona's share price fell to 87 cents that day.
The complaint also shows a high-stakes game of hardball ensued. On March 27, 2001, the offshore entity notified Sedona of its intent to convert its convertible debentures into shares. Sedona refused, the offshore entity sued and Sedona countersued. The case subsequently settled.
The criminal complaint claims that prior to the litigation settlement, Andreas Badian sent an Oct. 25, 2001, E-mail to his brother Thomas Badian.
"It seems like we always knew what where (sic) doing was well not right but we set up all these elaborate structures with seperatye (sic) entities etc. for protection, now it seems like it was all for nothing, the separatenss (sic) of the corpso and accounts was is no protection at all. How did this occur? There is no way we can have this go into court. Not with the records and the endless trader testimony, the younger brother told his older brother in this message.
THE SEC CASE
The SEC filed and settled its similar case on Feb. 26, also in U.S. District Court for the Southern District of New York. Defendants Rhino and Thomas Badian jointly agreed to pay a $1-million fine, without admitting or denying doing anything wrong. Andreas Badian was not named as a defendant in this civil case.
The SEC case, which centered on the same Sedona death spiral, also revealed that an unidentified Canadian brokerage was used in the scheme. "We thank the B.C. Securities Commission for its assistance in this matter," SEC lead attorney Thomas Newkirk of Washington told Stockwatch at the time.
The SEC case also fleshes in other details missing in the criminal complaint.
According to the SEC, the failure by the offshore entity, identified as Amro, to deliver Sedona shares in March, 2001, triggered clearing failures at Depository Trust and Clearing Corp., or DTCC. As a result, on March 22, 2001, the National Association of Securities Dealers placed a short restriction on Sedona shares, requiring any future short sales to be subject to a mandatory close-out, or buy-in, if there was a failure to deliver shares within 10 days.
According to the SEC, Rhino was hardly stumped by this NASD restriction. It just did an end run around the U.S. regulator by shorting Sedona in an Amro account Mr. Badian controlled at a helpful Vancouver brokerage. (Canadian brokerages, especially those in Vancouver, are popular dodges from U.S. shorting rules, as they are not governed by the NASD.)
Rhino, on behalf of Amro, used this unidentified Vancouver house to short a further 350,500 shares of Sedona between March 30, 2001, and mid-April of that year. "Rhino's (naked) short selling in the Canadian account continued to put downward pressure on Sedona's stock price," states the SEC.
According to the SEC, the Rhino scheme was a winner. The aggressive shorting helped knock Sedona's market price down from $1.43 a share, the average between Jan. 26 and March 1, 2001, to 75 cents by March 23, after three weeks of continued shorting. Four days later, Amro did its first conversion at just under 80 cents. Subsequent conversions the next month were done at prices down to 64 cents.
The SEC notes that in the five trading days prior to March 27, the conversion day, Mr. Badian's trading averaged more than 25 per cent of all Sedona volume.
This was not all. The SEC claims that under the skillful hand of Thomas Badian, Rhino rigged the market further. The SEC notes that instead of delivering the converted shares directly to U.S. brokerages where the short sales occurred, Rhino did wash sales and matched orders out of the conversion shares account to the short selling accounts.
"This created the appearance that the accounts that had short positions were purchasing shares in the open market and not covering short positions with shares obtained through conversion of the debenture," states the regulator. "On at least 10 occasions during April, 2001, Badian directed transactions involving no change in beneficial ownership of shares of Sedona stock or placed buy orders for shares while simultaneously placing sell orders of substantially the same size and price."
The SEC notes that Rhino's trading allowed client Amro to profit from the scheme in at least two ways. First, the short sales locked in a sale price for the Sedona shares that was higher than the conversion price for the shares ultimately used to cover the open short positions. Second, Rhino's short sales increased the supply of Sedona shares in the market and depressed the price.
"As a result of the depressed market price, the client converted the debenture to a greater number of shares of Sedona stock, which were already discounted to the market, and which it then used to cover its previous short sales made at higher prices," states a court filing.
These allegations were never proven in court. In their consent settlement with the SEC, concurrent with the filing of the regulator's civil case, Thomas Badian and Rhino neither admitted nor denied ever doing anything wrong.
The SEC continues to enhance its reputation for finding monkey business at Canadian brokerages.
[ RGM Short Selling Home page ]
The scam by the shorts and hedgies is to pump a stock up and short millions of shares expecting the conversion from the convertible deal. These are the biggest financial terrorists in the world and don't care if companies and their shareholders get destroyed. IMO I believe they expected the entire authorized will be converted and were not expecting the cd to be retired. There is atleast 40 million short.
Everyone needs to study the May 2011 volume report to expose the short. The stock traded 113 million shares in may alone. What was the o/s and the float in may? The current o/s is 99 million. Shorty is trapped and a certain mm is protecting shorty.
PVSP - PERVASIP CORP
Page of 1
May 2011 April 2011 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
Total Share Volume 113,752,070
AABA
Chardan Capital Markets LLC 160,752 14 <1 - - - 160,752 16 <1
ARCA
Archipelago Trading Services 20,000 19 <1 - - - 30,000 20 <1
ASCM
ASCENDIANT CAPITAL MARKETS, L 7,502,939 4 6 - - - 7,502,939 5 5
AUTO
Automated Trading Desk 26,714,666 2 23 799,623 4 7 31,605,193 3 21
BMAS
Burt Martin Arnold Securities 3,485,372 7 3 3,493,981 1 33 7,563,173 4 5
CSTI
Collins Stewart LLC 10,000 20 <1 20,000 9 <1 34,000 19 <1
DOMS
Domestic Securities, Inc. 180,300 13 <1 10,000 10 <1 245,300 15 <1
ETMM
E*Trade Capital Markets Llc 25,202,542 3 22 2,124,831 3 20 35,427,171 2 24
HDSN
RODMAN & RENSHAW, LLC 91,729 16 <1 81,000 7 <1 269,829 14 <1
LAMP
Lampost Capital, L.C. 287,500 11 <1 - - - 297,500 12 <1
MAXM
Maxim Group LLC 39,000 17 <1 - - - 65,057 17 <1
NITE
Knight Capital Americas, L.P. 36,065,330 1 31 3,008,029 2 29 44,282,411 1 30
NOBL
Noble Financial Capital Marke 588,100 8 <1 - - - 613,100 9 <1
PERT
Pershing LLC 6,327,974 5 5 218,425 6 2 7,259,596 6 5
PUMA
Puma Capital, Llc 529,976 9 <1 - - - 529,976 10 <1
RAFF
Rafferty Capital Markets, LLC 353,300 10 <1 - - - 353,300 11 <1
STXG
Stockcross Financial Services 214,400 12 <1 10,000 10 <1 286,400 13 <1
SUNR
Sunrise Securities Corp. 20,000 19 <1 - - - 20,000 21 <1
UBSS
UBS Securities LLC 5,785,290 6 5 482,400 5 4 6,513,035 7 4
VERT
The Vertical Trading Group 22,400 18 <1 162 11 <1 48,462 18 <1
VFIN
vFinance Investments, Inc. 130,500 15 <1 45,000 8 <1 1,306,652 8 <1
WDCO
Wilson-Davis & Co. Inc. 20,000 19 <1 - - - 20,000 21 <1
Page of 1
Pepi, a wgat shareholder uncovered that the patent office has approved 2 more major patents patents Vvoip and patents relating to their compression. The company has yet to release this info. Guess shareholders did some great dd re patents that were approved by the patent office. 1 in nov and the other earlier this month.
pm me the results he also targets wgat
arty know this, he just needs to support his short position with BS to manipulate the board and get people to sell. thanks
asc you are a little behind. G2 posted that youtube video last week.
we need fundamentals in a stock to drive itlong term, not interviews. we need news of a contract or revenue to start a nice run. too much bs on these boards.
Wasn't that interview posted on YouTube Jan 2nd, 18 minute interview under PVSP
What type of future potential valuation would you place on the market cap of pvsp based on the o/s?
What is a fair market cap for pvsp compared to competitors based on 99 million o/s?
What type of market cap should pvsp have based on future prospects and their overall market? Based on 99 million o/s
Mason, based on world gates recent patent approval, how does Skye, tango and oovoo get around ths patent? I've read te patent over and over and totally see these companies infringing on Wgat patent. What are your thoughts?
Ptragmatus av recently sued oovoo in nov 2011 google th case. Appears they licensed their patented tech to ply com ,and tandberg fo $40 million
Sticky arties post that was a great find. Incredible saving on the ojo phone, just as affordable as chargeable phones for the house. I'm picking up 5 phones soon just can't wait for android app
I'm going to order 5 ojos soon thanks Artie I wasnt aware of this amazing deal, I can't wait for the android video app.
Shorts want to keep this under 200 day ma
g2 would cd holders pump to dump their shares?
keep posting BS Artie, it's time to become a lon, your short position needs to be covered. get onboard homie!!
I think we should all iggy the fool and that will rid all of us of the moronic desperate attempts to manipulate the stock.
Thanks for the update, still worth the subscription fees, absolutely best video solution on the market and the mobile video app only enhances the service.
Up early...lol Bashing pre-market to protect his short position, your days are numbered and you know it.
shorts reported by Finra during the last run up...
last trading session PVSP generated a volume of nearly 2.5 million shares, of which 1.3 million were exchanged in short transactions as reported by FINRA. "
PVSP - PERVASIP CORP...December/November/ytd trades by broker
Page of 1
December 2011 November 2011 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
Total Share Volume 31,903,514
ASCM
ASCENDIANT CAPITAL MARKETS, L 10,000 12 <1 - - - 11,300,471 8 3
AUTO
Automated Trading Desk 4,176,474 3 13 4,026,018 2 19 66,765,479 3 19
BMAS
Burt Martin Arnold Securities 1,673,225 6 5 1,369,355 6 6 19,806,248 6 5
ETMM
E*Trade Capital Markets Llc 9,736,773 1 30 6,706,580 1 32 86,749,437 1 25
HDSN
RODMAN & RENSHAW, LLC 35,000 11 <1 - - - 402,329 15 <1
LAMP
Lampost Capital, L.C. 193,332 10 <1 - - - 749,790 13 <1
MAXM
Maxim Group LLC 503,500 9 1 - - - 568,557 14 <1
NITE
Knight Capital Americas, L.P. 6,768,309 2 21 2,092,360 5 10 84,101,040 2 24
PERT
Pershing LLC 1,433,290 7 4 829,619 7 4 14,968,956 7 4
RAFF
Rafferty Capital Markets, LLC 3,360,436 4 10 231,650 8 1 4,160,016 9 1
UBSS
UBS Securities LLC 3,230,691 5 10 2,237,486 4 10 20,648,586 5 6
VFIN
vFinance Investments, Inc. 782,484 8 2 2,886,830 3 14 22,992,938 4 6
Why bashers are attacking pvsp..short position exposed......"After PVSP broke through the so called necklace of the formed pattern the trading volume also bulged up significantly. The last trading session PVSP generated a volume of nearly 2.5 million shares, of which 1.3 million were exchanged in short transactions as reported by FINRA. "
g2 i was referring to skype mobile video app
Were they infringing on worldgates patents? The patent office just confirmed and issued approvals in November and Jan
Shorts are greedy financial terrorists. Destroying companies to line their pockets and to destroy American families
Can skype license the Vox mobile video app for their mobile users?
Need news of a contract, nothing less
pre-market ask was .03
step up and buy the ask
bid ticking up on no trades, same activity in WGAT bid went from .027 last trade to .039 on no trades as well.