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I posted that same post on the RELM board and it got deleted for off topic, how can that happen after all the post that's been on there lately.
Anyway have you got anymore leads?
Found this on another board but it looks like the way the MM's are trading RELM
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
The group Lonestar invested in RELM and wrote a song about it.
Relm off Reg Sho List
http://www.buyins.net/tools/short_list.php?dys=-1
ETMM sits off the ask at 100.05 every morning till right before the bell then he will jump infront of everyone else to be the lowest.
Today will be Day 12 Reg Sho
May 3----12
May 2----11
April 29--10
April 28--9
April 27--8
April 26--7
April 25--6
April 21--5
April 20--4
April 19--3
April 18--2
April 15--1
Here's some good reading on Market Maker Surveillance
http://www.buyins.net/releases/?id=163982
http://www.buyins.net/releases/?id=163981
http://www.buyins.net/releases/?id=163980
http://www.buyins.net/releases/?id=163979
http://www.buyins.net/releases/?id=163978
http://www.buyins.net/releases/?id=163977
Reg Sho 6 days make them pay for those shares
http://www.otcmarkets.com/stock/RELM/short-sales
PCSO filed a Certificate of Status on 5-3-10
http://ccfcorp.dos.state.fl.us/scripts/cordet.exe?action=DETFIL&inq_doc_number=L10578&inq_came_from=NAMFWD&cor_web_names_seq_number=0004&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=PROTECTIVECAPITAL&names_filing_type=
When is a Certificate of Status required / Who Needs a Certificate of Status?
1. If you are filing a Certificate of Authority to do business in another state, the state will normally require the Certificate of Status as evidence you existence in the home state, as well that the business entity is in good standing and that you abide by the rules of that jurisdiction.
2. Opening a new bank account. Your bank may request this document to verify the validity of the company and protect itself from fraud.
3. If you are filing an application to obtain credit / loan on behalf of the business entity.
4. If you are involved in a legal action the court want you to prove your entity is in status with the State.
5. Potential business partners or investors.
6. Before signing a large contract, a company may be asked to present a Certificate of Status.
Reg Sho Day 5 they need our shares
http://www.otcmarkets.com/stock/RELM/short-sales
Notice the Accum/Dist line in our chart we have a multi-month positive divergence Feb-Mar-April which gives us a bullish signal and deserves serious attention as it says below.
Bullish Signals
A bullish signal is given when the Accumulation/Distribution Line forms a positive divergence. Be wary of
weak positive divergences that fail to make higher reaction highs or those that are relatively young. The
main issue is to identify the general trend of the Accumulation/Distribution Line. A two-week positive
divergence may be a bit suspect. However, a multi-month positive divergence deserves serious attention.
http://www.spytrdr.com/indic_AccumDistLine.pdf
So share what you and nate have going on
MM's still short after yesterday Reg Sho day II
http://www.otcmarkets.com/stock/RELM/short-sales
Just got off the phone with Relm office and they said a PR will be out soon, but we've heard this before. I asked about the share structure and she said it would be updated in the PR. She could not comment on fins or any business related matters. I figure if we keep calling they will put out a PR.
Burton gets paid with stock shares so if he is still working when his shares are worth .0003 then he must know they will be worth alot of money down the road.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=21318
Page 9
Officers and Directors: Randall G. Burton – Director and President Mr. Burton has been a Director since September and was named President on April 6, 2009. For this role, he receives stock for his services as a board member and will receive stock as the President.
Relm back on Reg Sho after all the shares dumped and they still don't have enough shares. What's up with that? Seems like a MM magic act to me. JMO
http://www.otcmarkets.com/stock/RELM/short-sales
Wrote a note for you on your board
Nate to much BS on the relm board to get any good DD going. You think there is any connection with the amount of shares that hit the market and the ones in the 2009 fins. It's almost the same amount of shares.
RELM plans to issue an additional 315 million shares of restricted RELM stock to AVI shareholders to acquire the remaining 24% balance of shares in AVI. As part of the plan, each AVI shareholder of record before the acquisition of AVI by RELM is expected to receive 14.2 shares of RELM for each share of AVI.
AVI continues to pursue its efforts to acquire four information technology services companies
Also look at this
The Company currently has two wholly-owned subsidiaries: 1300 N. Market Street LLC (“LLC-1”) and Grand Sierra Resort Corp LLC (“LLC-2”).
LLC-1 had a closing scheduled to purchase a 65,000 square foot office building in Wilmington, Delaware and is in process of finalizing the items required for the closing and upon the liquidation of the stock under Rule 144.
This is from Oct 1 2009
Similarhttp://www.loopnet.com/Listing/16415860/1300-Market-Street-Wilmington-DE/
Listed it here as for lease
http://www.loopnet.com/xNet/MainSite/Listing/Search/SearchResults.aspx?linkcode=13900&SCSN=SSCXml#/19801/Office/Property-Records/c!AQABEwACAQ
Also look who lease space in this building
http://www.irish.globalbanks.info/73824.html
Newtrader you keep talking about the past management, but you forget we have new management that didn't take over until the Johnsons were long gone, and I don't see any jail sentencing in his background.
Marc Greenberg was named President of RELM Holdings, effective February 1, 2010. He succeeds Randall Burton, who has resigned as President, but will remain as Chairman of the Board of Directors. RELM plans to appoint additional outside members to the Board of Directors who will oversee RELM’s policies.
Prior to co-founding Small Systems Management, Inc. (Wilmington, Delaware) in 1985, Mr. Greenberg was a Personal Computer Specialist with the IBM Corporation. SSM quickly grew from a two person start-up to a full service 300+ person IT Value Added Reseller and support company providing technical support services, network support services, IT product sales, structured cabling and application development services for clients that included First USA Bank, J.P. Morgan, and the State of Delaware. In the early 1990s, the company had outgrown the Small Systems Management name and became AmeriStar Technologies, Inc., with peak annual revenues of approximately $90 million and operations in over ten states. SSM / AmeriStar achieved the rare distinction of earning a spot on the Inc. 500 magazine listing of the nation's fastest growing companies for six consecutive years.
Relm is on the oversold list
http://huntforthenext10bagger.com/oversold
CIBOLA you should own enough shares now to be on the Board of Directors for RELM
Question for the board how is there dilution and Reg Sho at the same time. I've been looking it up but can't find anything.
Still on Reg Sho after yesterday makes you wonder where are the shares.
http://www.otcmarkets.com/stock/RELM/short-sales
Nate how come the dry spell haven't seen you around lately.
Bid building
Bid
2 x .0005
1 x .0004
Ask
1 x .0006
1 x .0007
2 x .0009
1 x .0011
1 x .0095
1 x .51
1 x 2.00
WILMINGTON, DE, August 4, 2009, RELM Holdings Inc. (OTC: PK: RELM) announces that its subsidiary, Access Versalign Inc. (“AVI”) through Versalign Inc. has recently entered into support agreements with two national Information Technology and Audio/Visual Support and Logistics firms. Through these relationships, Versalign will provide IT support and Telephony services for many familiar national retailers and restaurants within its service territory. These agreements are expected provide additional revenue and allow Versalign to expand its service offerings. For more information about Versalign visit, www.versalign.com.
AVI is embarking on a strategy to acquire businesses that directly support its business platform. AVI is in various stages of discussion with several other companies that are philosophically, operationally, technologically, and financially additive to its corporate business model. Of the current companies targeted, some will be structured as free-standing subsidiaries and others will be absorbed into existing operations.
I know this is old news but I hadn't seen this before. This should be in the 2010 fins.
http://www.relmholdingsinc.com/RELM_HoldingsSubPR80409.pdf
Check out ISCR GenStrips coming out and patent on MD cell phone software. Good deal at .06
So what's your take on RELM when will the pull back be. I,m thinking it will be .001 to .0012 back to .0007 before the next leg up. I'm thinking news before we break .002. What do you think?
What's the next pick you stopped in early feb
Relm board is getting full but I found this on RREH in the June 2009 fins page 12. Assets of 435,000,000 helded in escrow.
RELM Assets consist of Goodwill in Affiliates and Equity (Public Stock) in One Affiliate
Relm’s assets are based on a consolidation of financial statements as of June 30, 2009, which state an asset base of $25,597,725, primarily attributable to i) Goodwill: $3,423,963 in RREH and $3,196,963 in AVI, ii) $1,526,282 in intangible assets, iii) $16,500,000 in Public Stock issued by an affiliate company valued at current market of $16,500,000, (iv) $282,447 in account receivables, and (v) $768,202 in other assets. The bulk of the consolidated assets in the affiliate are held by RREH in an escrow account that has been valued on June 30, 2009, at $435,000,000
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=24127
As for GSR Corp LLC they no longer have a letter of intent for the hotel they backed out in the fall of 200 that's why JP took if over. I read this in the fins I just can't find which one.
It was announced February 23, 2011 that California based Meruelo Group has purchased the resort for a yet to be determined amount
This tells alot about Burton he receives stock instead of salary
Officers and Directors:
Randall G. Burton – Director and President
Mr. Burton has been a Director since September and was named President on April 6, 2009. For this role, he receives stock for her services as a board member and will receive stock as the President.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=21318
May, 2010
ValexConsulting has been engaged to revamp the suite of web-based financial products for the commercial lending company. The software provides modules for simultaneously underwriting, securitizing, analyzing default risk and preparing legal and trust indenture documents for a loan or a pool of loans.
http://www.valexconsulting.com/spotlight/news/default.asp?year=2010
June, 2008
RELM Real Estate Holdings, Inc. (Wilmington, DE), a financing company for revenue producing commercial real estate loans, selects ValexConsulting to develop and support it's web-based shareholder portal. The application will feature document management, security/permissions, profile management, etc.
http://www.valexconsulting.com/spotlight/news/default.asp?year=2008
Nate I've watched your work and DD on Relm. Now I find that you have you own board. Looks like you have made some great calls whats your secret.
The one on Pink Sheets is the one that was changed. This always happens with RELM their website is not up to date yet. When the fins came out on Pink Sheets 11-30-10 it was 7 days later 12-07-10 before they changed their website and sent out a PR.
Nate I have the same problem with my account when I first got into Relm last Feb I had shares in my Fidelity account, I could see the shares and how much they were worth now my account saids N/A with no dollar amount, and has been that way since last June when we had that big run. I'm with you I think their missing shares big time and are playing ring around the roses. If this volume keeps up I think we will be very surprised how high this will go. But the mm's are good at what they do just like the buys in those after hour shares going in as sells. The mm's are in a hugh fix they drove the price down to .0003 and .0002 to get people to sell but the longs here held tight.