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Lowman,
I'm certain that you are an excellent painter. LOL
Here is a reliable source for the Joe Kennedy story...
From: http://www.sec.gov/news/speech/spch120105et.htm
"And this exuberance wasn’t limited to readers of the Ladies Home Journal. A telling statistic of the extent of the enthusiasm, perhaps, is the fact that purchases of stock on margin increased 900% between 1921 and 1929.1 Joseph Kennedy, the SEC’s first chairman and father of President John F. Kennedy, reputedly told colleagues that he sold most of his stock prior to the 1929 Crash after his shoe-shine boy started giving him stock tips. He reasoned that if his shoe-shine boy knew something he didn’t, something had gone seriously awry with the markets."
Talk about a rock and a hard place. If NNVC addresses current jittery investors by releasing pending PRs, then they risk delay of SEC acceptance of filing. If they don't, they risk further decline. MMs and other manipulators know this and are taking advantage of the next few days. The shorts are apparantly in control as the price decline was on low volume, and MMs won't let it up until short sellers have covered at their target prices. I would not be surprised if some of this takedown is to cover short positions going back to the gaps that formed between Jan 8, 9 and 12. Certainly filled now.
If you were going to get back in at 1.50, you should definitely buy here. Read my posts from yesterday.
Probably something more like, "Flucide and AviFluCide wildly successfull against nearly all Type A influenzas. Who wants to be a (nanomicelle) millionaire?"
I have this Time Machine that allows me to transport forward in time up to one year. I have returned from the not so distant future of May 23, 2007 with an image from EDEX New Mexico prospect. It has turned out to be a great reserve and was quickly fully developed in the last half of 2006. However, I think they may have exceeded the well density limits.
The price I bought at should have read 1.38 in post 1104.
Yes. I bought in 2 lots of 500 shares today. That's how I got filled at 1.38. I noticed that large buys caused the SP to move up aggressively. Even a block that filled only 2000 shares sent the SP to 1.43 from 1.37. I would not advise anyone to try to sell now and buy back in at $1. Do that and you risk chasing NNVC to 1.50 or higher. I think the smart move is to add shares that become trading shares later when the SP has fully recovered back above $2, or more.
The PP is always at a discount to the SP because of the greater risk due to 144 restrictions and the lack of registration. I really doubt that the SP will reach $1. Too many people looking for shares at 1.30 and 1.25. In fact. it has to get past that wall of buyers sitting at 1.35.
Rumor has the price for the PP at $1.
Well, I got a little lucky. The O&G play I sold toward what turned out to be a top, tanked on bashing and I knew it would rebound. Got back in at the bottom and made back another 65%. I used that to buy today and still have another wad left if NNVC drops below support. Another exploration company is running right now, EDEX, might retrace tomorrow and run again. I have a sale set at .24. If it hits that, I will sell 1/3 and put all into NNVC.
Things are happening, so if you continue to hold you will be in great, and I mean reeeaaallly great, shape by the end of summer. Anyone still holding from 3.50 will look like an investment genius by end of August.
Yes, Mypointz, and that is why I bought more at 1.38, because 1.37 was the 200 MA support, and I knew MMs would not allow me to buy more at 1.37. May well go lower, but if it penetrates the 200 MA, looks like next support is around $1.
By the way, there are rumors of a private placement in progress for NNVC. Supposedly, Seymour wants or has to to include the PP and its funds in the audit and 10-SP. The process is suposed to wrap up early next week. Heard there is a lot of money coming with very little dilution. Heard it was way less than 10% dilution with restricted shares to inject $5 million. My guess is that the recent selling is some holders liquidating to buy into the private placement.
What those guys always ignore is that those prices include upwards of 65% taxes to pay for everything from highway construction and maintenance to healthcare in Sweeden. No, they aren't paying much higher over there than we are here since they get benefits and value from the taxation while the vast majority of the $3 here goes straight to O&G bottom line profits. Keep in mind, during the past increase in prices from 1.30 to $3 there has been virtually no increase in taxation.
I expect the "weeee" crowd to show up on Wednesday if we get another two days of white candles. That dragonfly indicates a turn, so it would be healthy to see some retracement tomorrow, back toward .12 support, before resuming the climb. At least, it will mess up the chart for the "weee" crowd as you call them. Another tick up to .14 will create a 75% uninterrupted run to heavy resistance from .08 and may prove irresistable to short players.
Whoever bought those 2500 shares @ .132 at the close, thanks for taking one for the team. You made my portfolio green by $2.87 on a generally awful market Monday.
No, but $20 bucks is just around the corner.
Don't force me to start bashing a company I own stock in. I can back up those points. You do not understand the nature of startup pinksheet business, competition and the demands of becoming fully reporting.
Hiring Top Audit to do an audit of the company and actually filing form 10-SB to become a fully reporting company are 2 different, though related, actions. 1) full reporting adds expense to the bottom line. It greatly expands the audit time commitment (time = money) and adds another layer of attorney participation (attorneys = money). 2) Full reporting is also exactly that. The company must report each event as defined in SEC Regs rather than only those events that management considers important enough to warrant a filing and PR, or those that absolutely require a filing. Full reporting includes certain on-going negotions and projects in progress as well as corporate direction. That means that a full reporting startup company must reveal information that can aid its competitors and those who see advantage in share price decline. For example, there are those people out there that would inundate a participating company with negative phone calls if the participating party must be revealed under SEC compliance. If you think bashers here and on RB go over the top, try answering a few phone calls from those guys if they think corporate value and share price are tied to a partnership with your larger, reputable company.
As I said, AURC will become fully reporting when it is in the interest of the company and its long-term shareholders to do so. That could be next week and it could be next year. I doubt that we will see a 10-SB until the majority shareholders and Parkin decide to move to a higher exchange. Until then, it only creates disadvantages. In fact, full reporting without a move to a higher exchange would be very suspicious since the return to non-reporting as a pinkie would carry no penalties whatsoever.
Josman, no disrespect, but it is you who are new to posting here. TFN was a regular poster before the run to .43. I believe he was here when it was at .03? Certainly by .06. Although I am a long and will hold a core until I see some reason to doubt the future of AURC, I agree with TFN. Let's get the SP to $1 before we start talking about $3, $5, $18. Have you read the breakdown of gold concentration in the reserves? If you do some DD I think you will find that not all the reserves are profitable and most only yeild profit with gold in excess of $450.
But what do I know. I'm no expert in extraction mineralogy.
It seems to me that Parkin and company are less interested in the interests of short-term flippers and more interested in investors and shareholders. I doubt that he will take the company to fully reporting until it is in the long-term company and shareholder interest to do so. So long as Parkin intends to continue to acquire mine leases and expand reserves, and consider merger/buyout possibilities, I doubt that he will 1) budget the expense for full reporting compliance from cash reserves better served for other purposes, 2) want to divulge on-going and future projects and the negotiations involved, 3) allow competition the slightest advantage given by full reporting on a quarterly basis, 4) suffer the restraints of complying with forms 4 and 8K rules for news, possible future share structure changes or acquistion reporting.
I don't think he gives a rat's patutie about anyone's concerns except those people who are interested in making a lot of money over a several year period of time through highly leveraged buying power at sub-dollar prices. Therefore, Parkin has my interests in mind, and I am grateful for his efforts and would gladly participate in a Private Placement if there ever was one in the future to raise production capital.
An interesting note: June 30 is the end of NNVC's fiscal year. Would make sense for audit and 10-SB to be filed immediately after June 30, which would then simultaneously close out the year and signal a new era for battling diseases.
Hey, when this runs to .20, I will be a thousandaire several times over. There are no small investors, there are only people with money and small brass balls.
I'm going out on a limb and predict that we close green today. Anyone else?
I'm waiting for a no-brainer low to add some more. Or, a confirmed move north. I'll go either way now that the spread is narrow. We are waiting for county permits, yes? Anyone have contacts in Colusa?
You know, this is kind of fun. Just sitting and watching the SP rise. All the DD done for the moment. Just friendly banter between longs with no shorts to moniter what they say. Ahh. The good life, if only for a single Friday. Ooops. The shriek from the kitchen breaks the moment. "Coming dear."
Your wife and my wife would make great friends. Oh, hell she read this one too. More gas. Who needs an EDEX wildcat?
Not really Sal. Just that I'm very familiar with one of those two types of wildcats. You have no idea how many times I have said I don't want pink flowers on the bathroom walls. Well, we have pink flower pictures, pink flower wall paper, pink shower curtains, pink seat covers [that make the lid fall closed when it's open so that I have to hold it open with one hand if I want to pee standing up], and pink draps with white ruffles. The only thing that's blue these days is... Oh, never mind. I'd find another wildcat, but the one I have is a 1979 model with low mileage... if you know what I mean. Wink, wink.
Oh no, she saw what I wrote. Here comes the gas...
I think that over time Sal may find both wildcats have loads of gas, but one wants pink draps to match the paint.
All I know is it traded between $25.50 and $29 on March 13, 1986. I waited and waited and waited for the teens like people predicted and they never came. Right after Black Monday, someone much smarter than I said that MSFT under $50 was a bargain, and I thought that he had bugs crawling in his head because it had recently split, but I took him at his word. Had to wait another 2 years without dividends for the next really big move. Then it split again in 1990 and I thought, "Wow, I'm the smartest and greatest investor of all time. I more than tripled my money in only 3 years!!" LOL
I still have the hundred shares I bought of MSFT back in 1987. Have not sold a single share post all those splits. That is the core of my IRA. Of course, when I tell people I bought it at "only" 43.57 just after Black Monday, it doesn't get the same reaction of awe when they look at the current price. Sometimes, it's just too hard to explain to the layman the power of splits.
Yep, you never know what will happen, even with a "sure thing". After all anything can happen. Who knows? Peace could break out in the Middle-East and Iraqi oil start flowing again next month. OK, maybe not that, but anything else. Venezuela's Chavez could decide that free-market economies aren't so bad after all. Well, maybe not that either. I'll think of something that could happen.
Sounds like she is the anti-Cassandra. Cassandra was the one from Greek mythology that no one believed although she clearly saw the future. Purlgurl is the one many believe yet she could'nt see the future with the evening news and a time machine. So, always do the opposite of her picks and you will always do just fine. Short her pumps and buy her bashes. Well, here I am. LOL
Lowman, LOL, how can you bum out with a win-win scenario like that? "Buy below .10 on the "Friday firesale" or I will be bummed if it does'nt and finishes up 50%." [chuckle]
Diewarzu, someone would sell who bought and held from .06 level for the easy double. May seem foolish, but I would consider selling at .12. Everyone has their own tolerance and trading strategy. Me, I usually take shares off the table at the double. However, in the case of EDEX action and timing, I'm looking at a much higher rate of bagging multiple. You know maybe 5, 10, 20, 100 bagger? Moreover, I will not sell all, I always hold a significant core.
How? By SEC regs, restricted shares must remain restricted for a minimum of 1 year after a merger. AURC reversed in December, restrictions would be in place, assuming a filing of 30 days earlier, until at least late-October to mid-November 2006. And don't tell me they became unrestricted from restricted shares of the old company because all beneficial shares are restricted for one year from the date of the new merger, including restricted shares of the old entity.
If you can explain how they might get around this regulation, and the regulation clearly and specifically addresses Pink Sheet listed corporations, I am happy to listen.
There is also the continuous bashing based on certain personality traits and past history of management. The problem is that these identified "traits" and "histories" are either false or exargerated. However, over time, the continued repetition of the qualities creates a reinforcing echo effect that eventually becomes a well known "fact" and becomes an accepted "truth". These now accepted "truths" have little or no basis in actual facts only the "facts" accepted as general "truths". A good example is Parkin and the E-mail timelines for events. Early in the game, Parkin may have given time estimates to a few or several investors. Once that was established, lots of posters began claiming that they had received e-mails from Parkin stating hard timelines. An echo effect was established based on a truth, but expanded in fabrication. Parkin then became unreliable and suspect as a CEO because it became generally accepted that Parkin time estimates are unreliable since we all "know" that he e-mails certain people with information and timelines. Just today, we get a reinforcing echo of what he says in E-mails times 3. That even creates an expectation window 3 times the stated date time, so when that new more tolerant date comes to pass, the carping begins on the known "fact" that Parkin had set a date. Therefore, there must be something deeply wrong because "this is late even for Parkin." See how the subtle smear works? I see this all the time with small and microcap companies.
Did it. Please, please, please let there be enough idiots going to cash for the weekend. Please. I really, reaaaally want a few thousand more shares.
After all, I am with 80% certainty considering that I may be 100% right.
No gap formed. No one got caught with open positions. No backfilling. Some early selling for the weekend. I say we stall from noon to 2:00 and close strong. Flippers who positioned for the week's end on Wednesday are doing some selling. Nice buying opportunity here for anyone waiting to get in after market confirmation of value. Uh? Oh, I can't sleep with all the noise you guys and gals are makin'.
YAAAAAAWWwnn! [smack, smack, cough] What's up gang? Uh? What? What the... Holy... If this is what it can do while I sleep, I'm goin' back to bed. Wake me in a few hours, when the "Friday afternoon sell-off" is finished. I want to be awake for the close. Chow, baby. Oh, ice up the bubbly. Close above .14 will be reason enough for celebration. Ah, hell. It's Friday. Already reason enough for celebration. 'Nite all. [smack, smack] yaAAAAWWwwn!
A visit to the doc today? That must've been some party last night. Hope Marilyn sang happy b'day the way only she can sing it. Then again, she's sent more than one to the doc. LOL
Yes, if we close the week going up from the bottom here, next week should be the week we begin to make headway. If not, I still have dry powder ready for even lower prices.
Well, that may not be the reason for no PR. But, at least we now know with some certainty that the FluCide tests in VN were very successful. Diwan will report on that success at the conference. That abstract also adds to my suspician that NNVC and Vietnam are doing in-vivo studies that are not yet announced. In my opinion, the last sentence implies that in-vivo and in-vitro will have been completed on FluCide-I™, AviFluCide-HP™ and AviFluCide-I by the time of the conference: "Both the results and implications of our in-vitro and in-vivo studies on these drugs will be discussed".