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T.D. Ameritrade will let you short penny stocks.
The capital costs are quite high. Last time I checked you had to have either $2 or $2.50 cash in your account for each share of a penny that you short.
That's if you short legally. If you do naked shorts via a crooked broker, the costs are much lower unless you get caught.
I don't like to be the one to moisten someone's Post Toasties.
Having said that. A close reading of today's PR indicates that Honeywell is the recipient of the $22,426,474 contract as Prime.
STS is a sub to Honeywell based on task orders.
That means to me that STS could get 10% or up to 90% of that $22 mil. The PR doesn't indicate the value of the tasks that have been given to STS.
This is not to minimize the importance of this PR. It is very good news. Alas, it doesn't provide guidance as to the $ value to STS.
Does give solid proof that things are happening and that the big boys are willing to have their name linked with ours. Of course the part about having passed a Dept of the Navy approval of STS's capabilities and the DOD technical review are great.
I think it is the lack of specific $ amounts that is causing the price to fall back. Until we get those we won't get the share price appreciation that this company deserves.
The Evermedia Group (PINKSHEETS: EVRM) affiliate System Technology Solutions, Inc. (STS) announced a task order driven subcontract agreement with Honeywell Technology Solutions, Inc
(Honeywell), a division of Honeywell International. Under a $22,426,474, indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee, performance-based prime contract, STS will provide engineering support to the Navy, Department of Defense (DoD), and other government agencies, including the Defense Logistics Agency (DLA). This development follows the Department of the Navy approval of STS's capabilities to accommodate The Space and Naval Warfare Systems Center (SPAWAR); this authorization required a technical review of STS conducted by Department of Defense
I just discovered that I picked up 13K yesterday @ .0165.
What a nice surprise.
Partial fill, but I'm not complaining.
Just to make sure everyone understands......Mr. Grannatt said to me that the ACCOUNTING which is going on right now is being done to auditable standards.
He did not say that there is an AUDIT going on.
He was very careful to correct me when I first used the word audit.
Right now EVRN has engaged a new accounting firm. They are coming up to speed. Part of the delay is the new firm is having to become familiar with details that the old accountant already knew.
Mr. Grannatt referred to this as organic information.
The fact that the accounting is being done to auditable standards will have no effect on the status of the financials when they are reported.
It will have an effect when the company chooses to move to reporting status by way of making the audit process go more rapidly.
The accounting process is not under their control. The new accountants have to obtain info from the old one as well from the company.
The old accountant has no incentive to act quickly.
It will happen when it happens. The company didn't expect the process to take as much time as it has.
I suspect that company has learned not to set expectations on this process by now.
He is always careful in his word choices.
He sounded positive & confident
His words.
Hadn't talked to Mr. Grannett in a while so I gave him a call.
He was a little busy but was still able to give me a few minutes of his time.
Accounting process is still ongoing. The new accountants are coming up to speed still. Asking for documentation that covers things that the old accountant was already familiar with. He didn't give a done by date nor did I ask. My take on that is that it will get done when it gets done and while having that info out there makes us as investors feel better, it doesn't materially affect the company as long as it doesn't take another 90 days. What will affect the share price is receiving task orders etc.
Most interesting was the question about what accounting standards they are working with. The accounting is being done to aduitable standards. This is being done with future uplisting in mind.
Accounting to these higher standard requires that the new accountants be able to document many more things than just doing the actual accounting. That is contributing to the time involved in this process. This is really a question of do you spend the time to get these things done now or do you spend it later when there will be a whole lot of other uplisting issues to deal with.
I also inquired if he personally owns shares in the company. He said yes he does but they are restricted. I didn't ask how many or for how long they are restricted. Doesn't really matter about how long they are restricted as he is covered by Rule 144 that limits the amount an insider can sell in a given time period.
He said that there are things going on that will be put out as company news. No time frame given, but suggested keep watching for news.
If you have any insight into the sudden price/vol action please feel free to share it.
My sense of the price/vol action just now is that the MM's are setting this up for a shake.
The price went up on relatively light vol. Then there is the 793 share signal trade that just printed.
If you looks at the charts we have had a shake on a 2 or 3 month basis.
Another possibility is that someone put in a buy at market or a limit sell at .02 and hit the buy button instead and the MM's ran it up to the limit price.
Either way, this looks suspicious.
How do you know how many shares the officers already have?
We know that Weitzel owns a boat load because of the acquisition of STS and the PR's about it. Make that a super tanker load of shares.
As far as I know the share holdings of SYM's and the other officers and Directors have not been published.
I would like to know what the officer's share holdings are myself.
One thing is clear.....Weitzel has linked his future to the success of EVRM.
Of course his cost basis for those shares is something that we'd all like to have.
I'd bet that Weitzel is not calling the shots in terms of communicating with the shareholders. He is several levels down in the corporate hierarchy.
Sym's is the one that is controlling shareholder communications.
banchrima... How would a person that has a longer term positive perspective express those views in a way that you would not consider "pumpy"?
That's a really good question.
What are the expectations of the board about what the financials will show?
These are 3nd qtr financials, so they will show the 80% ownership of STS for only a few weeks. The second 40% ownership was completed on 9/11.
The first 40% was announced on 7/16, but that wasn't a closing date on the transaction.
Bottom line is that only a little of STS earnings are going to show up in the 3rd Qtr financials.
As far as I know there are no other sources of revenues that we can expect. Evermedia Biometrics is still a development stage company as far as I know so I don't expect to see revenues from them although I'd be very pleasantly surprised to see them.
Looks to me like that best we can hope for is forward guidance on the company having received some task orders.
What do other folks expect?
Not at all abstruse, on the contrary, just what one would expect for the following reasons.
1. This is on the Pinks.
2. EVRM is in that very awkward phase between PR's of potential
and PR's of actualizing the potential.
3. Management caught the hint about PR's sounding like typical
Pink and quit putting out fluff PR's.
4. Since EVRM is not a reporting company there is no scheduled date
for posting financials, we were led by the company to expect
them around the 18th. That date has passed.
5. Until we get numbers from the company showing revenues, this
company looks like a typical Pink.
Right now EVRM has to prove that it is not a typical Pink. All of the DD suggests that it is not.
There is a huge difference between suggesting it is not and proving that it is not.
So until the proof is given, the price will slowly drop as the MM's try to keep the volume up.
That's how I see it anyway.
Would you please explain your reasoning as to why you the the MM's don't want the share price to go lower than .02?
Good buying. Hope this does well for you and us all.
Had hoped to buy a bit more in the next few days but it looks like Merrill Lynch bureaucracy has put that on hold for the next week or so.
So far my experience with Merrill Lynch has not been a pleasant one.
Looks like the MM's are still playing games with the price.
I was filled on a 100K GTC BUY at 10:23 this morning. The order has been out there for 10 days or so.
Hmmmmm, lets's see.... I bought at the low of the day....How does that work again?
You are right... " the sizzle is gone."
And that's the good news.
This has been, is, and will be, a fundamentals play. The sizzle folks got some action twice so far and may get another shot or two before the fundamentals start driving the train.
Not to say that some folks who have played this as a momo play have made some nice money. I think the serious money will be made on the fundamentals play.
Looking back over the chart you can see at least two occasions
where the MM's have cleaned out the stop loss orders. That will happen again, I suspect prior to the next run up.
I have prepared for that circumstance.
It's one of those situations that if it doesn't happen, it won't cost me any money, if it does, there will be some nice profits to be had.
Happy Thanksgiving to all. May the success of EVRM be the least of your blessings.
And lets hope that EVRM becomes a big blessing to us all.
Good paint job......
Good week.
Better ones comin'
Have a great weekend everyone.
Just placed a GTC order @ .022.
Theory is that before the MM's let this run there will be another big shake as we have seen in the past and I want to try and catch it.
We shall see.
I'm taking bets on the big shake in the next 3 weeks.
That is a simplistic analysis.
To make the point more clearly.
If each trade is both a buy and a sell then why isn't each trade printed twice, once at the buy price and once at the sell price?
If you have watched the tape long enough you have seen times where the MM's do exactly that, each trade is printed twice. Ususally when it suits the MM's to show increased volume.
Are you saying that each trade is a buy and a sell at the same price? If that is true how do the MM's make any money?
If that isn't true then a buy and a sell don't exist as a matched pair because a MM is buying shares for his inventory or selling shares out of his inventory to satisfy the printed trade.
If the MM is moving shares into and out of his inventory to make up 1/2 of the buy and sell pair that you describe, then it does become a realistic question to ask if the trade is a buy from the market to the MM or a sell from the MM to the market.
If you accept the description of shares moving from the market to the MM and vise a versa then how do you score a sell from the market to the MM at the bid price?
The shares are from the market to the MM, which is clearly a sell in direction. If you score the trade as a buy becase of the price point, you have lost the actual flow of the share movement by the way you categorize the trade. That same is true of a sell at the ask price.
The truth is, there is no accurate way to classify buying and selling amounts. And the Market Makers want it that way, because it enables then to influence market perception and emotions.
The best information you can get about buying and selling is to read what posters are saying about their trades. "I got filled at the bid or I can't get a fill at the ask. I sold at the ask, etc."
Classifying trades based on whether they were at the bid price or the ask gives you the illusion of knowing something when actually you don't.
YMMV
Steady_T
Zecco isn't all wonderful. I tried to deposit a cert for TYBT with them last week and they wouldn't take it because it is an OTC BB, even though it trades in the $25 range.
TD Ameritrade won't take it either, although I have bought and sold the the stock through them. That makes no sense.
nevermind.......brain lapse on my part.
The problem was there wasn't anyone bidding against them
as far as I know.
I think it is amazing because there are 1.131 Bil shares OS.
And the actual float ( my definition ) is quite small.
It could be smaller than my estimates if MRSparex is right and any of the officers hold shares that are not covered under the restricted numbers.
Finally got the information I was looking for to finish my share accounting.
Prior to acquisition of STS.
AS 790 Mil
OS 578.8 mil
Restricted 244.7 mil
That gives a float of
578.8 - 244.7 = 344.1 mil
Post STS acquisition.
AS 1.28 Bil
OS 1.131 Bil Made up of class A 781 mil & class B 350 mil
Restricted 368 bill
The increase of class A from 578.8 mil to 781 mil = 202.2 mil
202.0 mil - 124 mil accounted for in the acquisition of STS = 78.2 mil unaccounted for.
I called the company to inquire about the 78.2 mil to verify my math and to find out what they went for.
According to the company those 78 mil went to pay off debt (didn't say what and I didn't ask) and to raise some private capital.
Now... here's the point of all of this.
OS of 781 mil - 368 mil restricted = 413 float
Of the 413 mil lets assume that the 78.2 mil is also tightly held.
413 mil - 78.2 mil = 334.8 float.
334.8 mil - 125 mil (Gran Pop's latest numbers for Ihub share holders) = 209.8 mil float.
So it looks to me like there is roughly 210 million shares running around loose in the market.
If we assume that most of the Ihubber's shares are tightly held and that some of the unaccounted for 210 mil are tightly held, then the actual float is 120 mil to 160 mil shares.
If you assume that all of the unaccounted for shares are loosely held and some of the Ihubber's are loosely held in spite of the protestations to the contrary, then the float is in the 210mil + 50 mil = 260 mil range.
Considering where this company is in it's growth process ( just getting off the starting gates ) these numbers are amazing.
I hope you folks find this information as useful as I do.
My definition of float.
Float are those shares that are free trading and not held by individuals with a long term trading horizon.
Other may define float as those share that are available for trading by virtue of not being restricted.
With that definition, the float is 413 mil.
Steady_T
See msg 32277
Another cliche to add to your list.
The smart money is getting in quietly.
I hoped for big numbers, but I expected that the breakup value of the trust was in the .25 to .35 range.
No one could have foreseen the plaintiffs rolling over on the settlement that they did.
Even so, I expected the worst case to be the breakup value of approx. .30.
So the error in mu judgment was in over estimating the breakup value of the trust.
Did we get into mining?
You and Breen12 both have valid approaches to the same situation.
This has always been about the potential for great revenues turning into actual revenues.
We hope to see some of that in the upcoming financials.
Risk management is at the heart of investing success.
I confess that I expected the properties to go for at least a few mil.
It will be interesting to see what company bought the properties.
Does the theory of the Plaintiffs trying to get the properties on the cheap hold up?
We shall see.
Arrrrgh.
Thanks for the update.....
Bummer.
hey better put the cards out on the table
Or what?
.......in black and white.........and they better not state that they will be late in filing.
They are non-reporting... they have no deadline to be late to.
EVRM files quarterly reports to keep it's primary contractors happy, not to comply with any SEC rules.
Thanks.
I'm looking for first source numbers. Numbers from the TA, company PR's, Sec of State etc.
The foat is not a first source number.
The question I raised is based on the first source numbers.
I'm making progress in my shares accounting. There are a few items that I'd like to clear up. If any one has any info on these items I'd appreciate it.
Prior to the 80% acquisition of STS the reported OS was 578,815,837.
After the STS deal the OS was reported as 781 Mil
I understand that there were 124 mil shares of Class A issued for the acquisition os STS.
579 mil + 124 Mil = 692 Mil. But the OS is listed by the TA as 781 mil.
781 - 692 = 79 Mil that I can't account for.
What am I missing?
Thanks
got it... thanks.
I'm working on a share count breakdown that I will post when completed.
I see in the IBOX that there are 368 mil shares that are classified as restricted. I can find no supporting data for that number. Does anyone know where that number came from?
Thanks