Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Has anyone heard when etrade might lift their online trading restriction. I heard Scottrade was lifted, so I am hoping soon. I am still on the sidelines waiting to jump in for more. Can't determine if this is the bottom or not. Nite doesn't seem to want to bring it down today.
Thanks Razorback! I have been checking my shares of TDCP everyday since I heard about the first hacking. I will call first thing Monday morning to place an order. Hopefully, they will give me the internet comm. rate. Monday could get real interesting.
Thanks for the chart info., Titan. I was just curious what the pps target is in the oversold range.
Well, I didn't get any orders filled today. I was gone most of the day and got a message from etrade that TDCP had been restricted. Does anyone know if the restriction is just online trading or if we can call in an order? I had heard about the Scott Trade hacking. Was there hacking at Etrade, also? Or, are they just participating in manipulation that seems to be going on. I really hope MK can beat GG at this game. It would be a shame for MK to have to pay that 250,000, especially after all the recent efforts they've made with the new website and encouraging PR's. It would be a shame for us if they had to dilute to pay it.
Hopefully, we'll get more buying pressure soon!
Sorry...I didn't have time to read everything when I posted and thought there was more to the 8K, soooooooo, please disregard my ?
I've got an order in for .25. I never thought it would get this low, but now I'm thinking about lowering it or putting in an add'l order. I actually think I will be lucky to get .25, but just incase... Titan, I appreciate your TA expertise, can you give me an idea of what the charts show for oversold territory?
I tend to agree with Razorback that it probably won't go below .22 because of the .21 debenture penalty that would give GG an extra 250,000.
I think the MK camp will be watching like a hawk to catch it before it falls.
I would like to add to my position as much as possible at these levels because I think it is unlikely that we will ever see them again.
TIA
He does have a way with words! I guess he should since he is author of the book, The Final Jihad. Great read if you haven't read it. He has an unbelievable vision for the future. Have you had a chance to read the 8K that was filed along with this letter? Any thoughts? Anyone?
Sorry about the repost!
Looking forward to accumulating more shares at these levels in hopes of MK's vision becoming reality.
GLTA
January 10, 2008
A NEW YEAR’S MESSAGE TO SHAREHOLDERS
At our annual meeting in October of 2006, I said that 2007 should be a very good year for 3DIcon, and it indeed was. We made significant breakthroughs in the development of our 3D technology. Our research team at the University of Oklahoma (OU) successfully created green light-emitting nano-sized (extremely small) crystals and embedded them into a projection medium. Building on the success of these results, the next steps include the development and incorporation of blue and red light-emitting nano-materials into the projection medium, with our ultimate goal being the creation of a full-color 3D image. This is an extraordinary and transitional moment in our history, for which we can be immensely proud.
The principal infrastructure achievements of the past year were:
• The hiring of Vivek Bhaman as our president and chief operating officer
• An expanded SRA relationship with the OU with its multiple long-term benefits of stability of staff assignments, the power to pursue multiple 3D technologies across many academic disciplines, and the opportunity for exclusive and focused work
• Numerous research milestones realized and patents filed by OU, such as the successful completion of a swept-volume 3D product display and groundbreaking advances in our volumetric CSPACE™ display unit
• A fortified board of directors by adding Lawrence Field and Victor Keen, two accomplished businessmen with public company experience
• An SEC reporting company with multiple and timely regulatory filings
• Listing on the Over The Counter Bulletin Board, opening the door to higher visibility and expanded funding possibilities
• Additional financing through Golden Gate Investors and several others
• A professional investor/public relations organization in Corporate Profile
• Retention of Innovation Drive to identify and secure Federal research and development engagements
• Pixel Precision™, our first product for the marketplace
• An extended and expanded relationship with Concordia Financial Group
• And, finally, a new, first-class website.
Incredible accomplishments for a small team in a mere 12 months, but it’s just the beginning. From my perspective, what’s far more significant than what we’ve achieved to date are the limitless opportunities that lie ahead.
REFLECTION
Before I address our current and future prospects, permit me to reminisce.
We’ve come a long way in two-and-a-half years.
We didn't start our active 3D pursuit until 2004, when we commissioned OU to survey the scientific literature to see if something like genuine 3D was even possible. It was in 2005 that the OU researchers told us it probably was but that it was all uncharted territory. We said, Let's go for it! And, so, we launched on July 15, 2005, a mere 30 months ago.
We are attempting to create a solid full-color 3D image. This is something that has never been done before. Thus, there is no template or textbook for us to follow. Some very experienced people have failed at this quest in the past, so we know the immensity of the challenge. Sometimes we are disappointed when a project or plan takes longer than anticipated, but there was no (and probably never will be any) guarantee. We’ve been fortunate to keep moving forward and to have achieved significant milestones in our research. We’ll lose some races, and others will be delayed or canceled, but we do not ever intend to give up. In my opinion, the rewards and benefits of success in this brand-new field will be monumental. Maybe I’m a bit naïve in saying this, but we’re on a mission, and we intend to complete it. With prayer, a little luck, and unceasing effort, we’ll make it.
CURRENTLY
We are pursuing three separate technological paths to achieve three-dimensional displays: (1) swept volume (mechanical), (2) volumetric (non-mechanical, and what we call CSPACE™), and (3) free-space (our longer-term but ultimate goal of simple and portable transmission and reception).
OUR CHALLENGE
If we are to be a major player in the coming communications revolution, we must take advantage of what we’ve accomplished and set in motion. We intend to accelerate our research efforts in 2008 in order to build on our significant achievements of 2007.
MY VIEWPOINT
If we continue to take the bold steps necessary to distinguish our company, we should anticipate many more good years.
By your being a shareholder, you are helping provide the answer to the question I often pose to outsiders: “We live in a 3D world. Why don’t we communicate that way?”
I hope to see you at our annual meeting on May 17.
Thank you for your support.
Martin Keating
Founder, Chairman, and CEO
WOW, that speech gave me chills!!!!!!!!
I truly believe that when Keating's shares are done in a couple of weeks and the new website including pictures is complete, we will reach old highs rather quickly and keep heading north. Especially, when we start hearing about signed "revenue producing" contracts:)Looking forward to alot of great news coming our way from TDCP!
BTW, I enjoyed the Razorback vs. Titan Debate.
It was very civil and most informative.
Wow! What a great interview!!!!
UDS has delivered over 10,000 orders for 4 to 5 Subway beta sites with a 99% success rate. The average ticket for delivery is $17.28 versus $7.10 for in store orders. UDS attributes this to the nature of the operators to upsale and provide a pleasant experience. 8 out of 10 people call for delivery again.
This has caught the attention of Subway corporate who is in talks with UDS to sign a national pilot test agreement. The delivery industry is a 32 billion $$$ a year industry. Subway is an 8 billion dollar co. If UDS increases Subway's sales by 10% they would add 800,000,000 to Subway's bottom line. UDS would earn 5% from every store. WOW!
American Express is meeting with UDS on Monday, October 29th at UDS headquarters to talk about joining the Subway deal.
UDS is hoping that Coke & Frito Lay will join them, as well.
Adam Coblin says, "This would be a monumental contract."
He hopes this will lead to other big names signing on with UDS.
Last but not least, I think he said the SSEC, (I couldn't distinguish his words very well), is at UDS headquarters right now and should have an audit completed by the end of the week. UDS hopes to be on the OTCBB by the end of the year.
I would say this is a great entry point!!!
Peng, where are you? What do you think?
Now we just need to hear about some contracts!!! Revenue!
NEWS!!!!
Viyya Subsidiary VELI kicks off release of the School Safety and Management System Solution (SSMS) - helps schools manage threatsOct 8, 2007
Pink Sheets News Service
Roseland, NJ— (Market Wire)-October 9, 2007--Viyya Technologies Inc., (OTC: VYON.PK - News), developer and marketer of information management systems, today announced the start of Virtual Ed Link, Inc.'s sales initiative, with the kickoff meeting in Saratoga Springs, NY on October 2, in which the SSMS for schools and colleges was turned over to the sales force for implementation.
A sense of urgency was present at the event, especially in light of the continuing threatening incidents at Delaware State, St. Johns, and a number of public schools in New York, and New Jersey. In addition, a sobering reminder of the past year in this country was presented in a report from VELI staff, who, having read a report from the Department of Homeland Security (DHS), reminded all that we have experienced three major hurricanes, huge wild fires, major flooding, and countless terrorist threats in the past twelve months.
It was explained that effective emergency response is based on two critical elements, as recorded by the DHS officials, situational awareness, and quick information dissemination to targeted audiences. The group's confidence in the VELI solution was reinforced with the knowledge that the Emergency Alert Notification System accomplishes all of that.
This basic functionality provides the high level of real time event monitoring, and disseminating up-to-date- relevant information that reaches the appropriate audience, to assure a high level of security response. Information relevancy becomes the Holy Grail in times of emergency, with those responsible for emergency response having relevant information and the ability to distribute it quickly.
With final updates in place, the SSMS remains the most comprehensive application available for planning, teaching, training, and distributing emergency direction and notifications, under emergency conditions.
Now called the School Safety and Management System Solution (SSMS), The VELI solution is a web-based solution that can be accessed any-where. SSMS can be customized for the particular school or college in which it is being implemented. Basic guidelines, rules and procedures, and general notifications are embedded as defaults, or the school can install its own.
In addition, different from text message solutions some institutions are attempting to put in place, the VELI application will disseminate data to any registered digital device (phones, cell phone, PDA, PC, laptop, or "Smart Sign").
Applications installed within the system provide for eLearning for students, parents, faculty, teachers and staff, in preparation for the need for emergency action, as well as mapping and escape routes, if that contingency becomes necessary.
John Bay, CEO of Viyya said: "Our system anticipates, and is comprehensive enough to help avoid that problem in an emergency".
It's easy to visualize the unfortunate following consequences if alerts and emergency notifications don't get where they should.
About Viyya Technologies:
Viyya Technologies (Other OTC: VYON.PK - News) is the developer and marketer of the world's most advanced, web-based information management application. Viyya's proprietary XScipt extraction engine, used in conjunction with RSS feeds and today's popular search engines from NASDAQ listed Google, Yahoo, MSN, and NYSE listed AOL, and others, provides Viyya users with a level of information management not available from other vendors.
The company's core technology manages disparate information from the Internet, corporate intranets, databases, newsgroups, email, and third-party feeds by enabling users to customize the way they collect, process, distribute and store data. VIYYA(TM) gives users the ability to retrieve filtered content from many sources, determine the relevancy of the information, and have the information processed into notifications, daily reminders, newspapers, or archived for future use. For additional company information, please visit www.viyya.com.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance; they are only predictions and may differ materially from actual future results or events. Viyya disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise.
I don't post very often, but wanted to share some info that I received from Alan.
I had not received the shareholder letter and sent him a request along with a couple of questions on the shareholder form. He was kind enough to reply promptly.
I asked about restricted ETRADE trading online and if he could give a status on the MITUSA 39 million $ contract.
His reply:
I've received your info form and forwarded to the newsletter department.
As far as the answers to your questions.
1) No we did not ask Etrade to restrict any trading. We have confronted Etrade about them participating in the short selling that has knocked our stock price very low. in turn they have put restrictions on buying our stock to only making phone purchases. Monday, you should get a copy of the news letter that will be very interesting to you.
2) The MITUSA contract is waiting for us to complete the engineering and line up the infrastructure to complete the order. The first of the security vehicles should start construction at the end of the month. We're very excited about this.
Thanks for your support
I also received the shareholder letter promptly. I personally think we will see a short squeeze. I do think Alan is trying to be more transparent and good things are coming our way. GLTA
It would be nice to get an update from OLNK!
Last update was in January. Yes, I remember the 1.45 pps range...Unfortunately,I am still holding some shares form there. At least I was able to average way down. It would be great to realize a profit after holding for a year & 1/2!
If they get their act together, will they be able to relist onto the OTCBB or do they have to go through the whole process again?
Nice find rduke!!!
I gave you a person mark for all of the excellent DD you have done for the board. I really appreciate reading your posts.
Hopefully, we will hear some news soon!
I just spoke with Judy at 3DICON and apparently they will NOT be attending the 3D Expo in CA on Sept. 18-19, due to the fact, they are having a "big inter-comapany meeting" during that time.
I apologize for the miscommunication. I had read on another board, a while back, that 3D would be attending this expo...should have verified before I posted.
I asked her if the meeting would just be people within the company. She hesitated and said, no, there will be others, but I can't say who they are. I said, that sounds like it could be interesting and she chuckled and said, I really can't say anything. I asked her if we will get to hear any details from this meeting and she said, I'm not sure how they are going to handle that.
So, IMVHO, this meeting sounds like it could entail more than just a "company meeting", but I don't want to speculate, so I will just leave it at that. (there was just something in her voice and hesitation when I asked if the meeting was just for the company...it was like she wanted to say more, but couldn't)
Hopefully, we'll get some good news after the meeting.
At least the pps is up today!
Tomorrow should be very interesting!!!!!
Hopefully, it will go up from here.
The conference on Stereoscopic Displays, Markets & Technology is Sept. 18-19. I am hoping 3DICON will surprise us with a prototype at this show. Especially since Keating's shares will start flowing into the market on Sept. 20th. Here's to hoping he planned it this way :)
Interview with Wall Street.net on Sept. 4th
UDS Group Chairman To Update Investment Community During Interview with WallSt.net
Aug 22, 2007 06:13:00 (ET)
BOCA RATON, Fla., Aug 22, 2007 /PRNewswire-FirstCall via COMTEX/ -- UDS Group, Inc. (Pink Sheets: UDSG), the leader in Delivery Management Solutions, today announced the company's Chairman, Mr. Adam F. Coblin will be updating the investment community with an all new interview with http://www.WallSt.net . Mr. Coblin will be issuing public announcements relating to the company's current activities, recent accomplishments, immediate opportunities, and future possibilities. The interview will take place on September 4, 2007. The company will issue a release with the highlights of the interview and will make the interview available via the Internet at the company's website http://www.UniversalDelivery.com as well as at http://www.WallSt.net on or before September 7, 2007.
Adam F. Coblin, Chairman of UDS, commented, "I look forward to be updating the investment community with the current status of our company. Increasing shareholder value is of the utmost importance to all of us here at UDS and I feel we are doing that every day. I will be answering questions and making statements on a variety of topics ranging from our recent steps to become a reporting company to current, recent press releases and prospective client additions."
About UDS Group, Inc.:
Universal Delivery Solutions, Inc. (Pink Sheets: UDSG - News), http://www.UniversalDelivery.com , is the first Company to provide a 100%, 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 WallSt.net:
http://www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. ( http://www.financialmediagroupinc.com ). The Web site is a leading provider of timely business news, executive interviews, multimedia content, and research tools. Financial Media Group, Inc. also owns http://www.mywallst.net , a financial social network for investors, and Financial Filings Corp. ( http://www.financialfilings.com ), a provider of media and compliance solutions to publicly traded companies. In addition to WallSt.net, WallStreet Direct, Inc. owns and operates WallStRadio ( http://www.wallstradio.com ), a business and finance podcast Web site. Financial Filings Corporation is expecting to receive two hundred eighty dollars from Signature Devices, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp .
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.
Contact: Nick Iyer
800-4-WALLST
UDS Group, Inc.
Mr. Anthony Mitchell
866-253-0222
SOURCE UDS Group, Inc.
Nick Iyer of WallSt.net, 1-800-4-WALLST; or Mr. Anthony Mitchell of UDS Group, Inc.,
1-866-253-0222
I'm sill holding! I saw the SEC filing the other day and also assumed it was for debt. Have you heard anything else about the system integration with Red Sky and Verticle Group? I'm curious if they will PR this when it is finalized. I guess they don't have to report anything, now. Although, this would be in their best interest. Are they completely delisted from the BB?
Thank You!!!!...Looking forward to great days ahead!
I'm glad to finally say "I own Spooz!!!"
I have chased it since the opening from .0115 all the way down to .0095 and back up again. Finally got in the last hour at .0115 I'm exhausted, but it feels great to be a part of something so exciting. I love this line taken from the ibox:
The revolutionary market potential of SpoozToolz has been likened to the Microsoft Windows revolution where the Windows graphical user interface transformed complex and difficult computer processing into the universal standard that everyone now uses.
Unbelievable potential!
Thanks for all the awesome information on this board that helped make my decision to jump aboard and easy one!
Look at IFSL...they were at .0001 this morning and closed at .0015 today. Up 1400%! Wish that would happen here.
Thanks! I'm glad to hear he still exists and actually spoke with someone.
Please feel free to elaborate on anything else that is noteworthy.
Miagi...did he have a reaction to the pps being at a new low
A great read for Alan!!!
Got this off another board.
My favorite part is:
Maintain a steady stream of news
By communicating with your investors as often as possible...
A Naked Shorting Primer for CEOs.
Cale Smith, Senior Associate
Hawk Associates, Inc.
The drama surrounding naked shorting has all the elements of a John Grisham novel. Sly, blue blood institutions conspire with shadowy hedge fund cowboys to unmercifully assault a well-meaning but outgunned CEO in his quest for shareholder value. Offshore accounts and corrupt foreign officials veil the crimes for decades, until finally being thrust into the open through the hyper-caffeinated efforts of hundreds of message board denizens throughout cyberspace.
As with most Grisham novels, however, liberties may have to be taken with the original story to romanticize an otherwise bland topic. After all, it’s hard to make CUSIP numbers and stock certificates sound sexy, but that’s really the heart of the naked shorting controversy.
Due largely to concerns raised by microcap CEOs and their shareholders, naked shorting is a hot topic on message boards. Opinions range widely on how common it is. Those claiming it pervades the markets and foreshadows a systemic meltdown are met with equally fervent arguments calling it an over-hyped, isolated problem that is becoming the grassy knoll conspiracy theory of Wall Street.
Everyone agrees, however, that risks of naked shorting are heightened in the microcap world. The sheer number of small public companies, combined with high volatility and an almost inevitable need for financing, make detecting this hard-to-prove crime that much more difficult for the microcap CEO. Although the odds seem small that a particular company will be victimized, there is no authoritative data indicating how many microcaps are being naked shorted.
Keeping those odds in perspective, then, this primer is for microcap CEOs curious about the naked shorting fuss. On the off chance that a company attracts naked shorts, CEOs should recognize that there is despairingly little that can be done to stop it from occurring. Due to the nature of the crime, legal expertise may not help.
Although there seem to be few bulletproof ways to stop naked shorts, there are a handful of things a proactive CEO can do to reduce the odds of being blindsided by this notorious lot. This primer includes a rough sketch of how naked shorting works and a brief familiarization with the main players. A worst-case scenario of what it means to be targeted by naked shorts is presented, as are suggestions for wary CEOs. The final section contains a list of links with more about the intriguing world of naked shorting.
WHAT IS NAKED SHORTING, AND WHY SHOULD A CEO CARE?
In its simplest terms, naked shorting involves selling shares of stock that don’t exist. It’s performed routinely by market-makers to keep an orderly market, but it is illegal when done to manipulate a company’s stock price. Only when someone intends to drive down the stock price is naked shorting breaking the law. Throughout the rest of this overview, any reference to naked shorting will refer to the illegal variety.
It’s also worth noting the important distinction between shorting and naked shorting. The former is perfectly legal and occurs extensively as either a way for an investor to mitigate risk or as a bet that a company’s share price will decrease (i.e. the short-seller or “short” believes the company is overvalued). Despite the wary glances often cast upon them, shorts are an essential part of a robust market and are often the first to discover financial fraud, as in the case of Enron.
A short will sell borrowed shares as a bet against a company because he believes the price will eventually drop. These borrowed shares come from his broker, which loans the short a certain number of shares (not dollars). As soon as the short receives the borrowed shares in his account, he sells them immediately for cash, which goes to his brokerage account. The short still has that pesky loan to pay back, though, and does so by waiting for the price of the stock to drop. Then he buys some cheaper shares using money from the same pool of cash he received after the original sale, gives the broker his shares back, and keeps whatever cash is left in his account.
Naked shorts, in contrast, are much more manipulative – they sell short shares that don’t exist and then attempt to actively lower the company’s share price through constant short-selling pressure. By using pretend shares, of which there is an unlimited supply, naked shorts can effectively control the share price through this constant pressure, eventually driving the price of a company’s shares into the basement.
Where do these fake shares come from? Naked shorts can create them out of thin air, depending on your point of view, due to either (a) glaring inefficiencies in the back-office world of certificate transfers, or (b) institutionalized fraud on a massive scale. Either way, the effects can be disastrous for companies who are victimized.
WHO IS INVOLVED?
Naked shorting is typically done by hedge funds with arm’s length support from several other parties. The extent of active assistance provided to the fund by these related groups is unclear but hotly debated. One player is the Depository Trust & Clearing Corp. (DTCC), which tracks the stock certificates of traded shares between brokerages. When a fund sells short a share of stock, the fund’s brokerage (another prominent player) has a settlement period of three days to deliver those shares to the buyer’s broker. If the transfer doesn’t occur, the DTCC notifies the fund’s broker that it has “FTD’d” (Failed to Deliver). The DTCC is required by the SEC to enforce delivery of missing shares. While waiting to account for shares, the DTCC may charge the brokerage to borrow similar shares from its own inventory.
The obvious conflict of interest here is that DTCC is policing its own customers - the brokerages. In response to complaints, the SEC required all exchanges to comply with Regulation SHO in January of 2005. Reg SHO establishes several requirements aimed at broker-dealers, but it does not specifically address the manipulative aspects of naked shorting, which fall under existing securities law.
Regulation SHO specifically requires the major exchanges to provide a daily list of Threshold Securities, defined as those that (1) have an aggregate fail to deliver position of over 10,000 shares (2) equal to 0.5% of the issuer’s total shares outstanding for (3) greater than five days. Reg SHO also requires a broker-dealer to close out any “open fail” position once it has been included on an exchange’s Threshold Security list for 13 consecutive days. The ironic effect of this policy, as noted by its detractors, is that it effectively requires shorts to cover (buy back shares) after they’ve had two weeks to drive the price down - meaning they profit from the trade. Needless to say, the effectiveness of such a regulation is often called into question among the cyberspace crowd.
Links to the Threshold Security list for each primary exchange are included at the conclusion of this article. It’s important to remember that seeing a company included on the Threshold Securities list does not mean that company is being naked shorted nor that its share price is artificially depressed. It means shares in that company are failing to deliver on time for what may be legitimate reasons, including simple human error. Even shares bought long could FTD and show up on the Threshold list. A daily presence on the Threshold list for more than 13 days at a time, however, might signal the need for deeper digging.
HOW DOES NAKED SHORTING ACTUALLY WORK?
Based on the accounts of CEOs who believe they have been the target of naked shorts, here is how the worst-case scenario might play out using an ill-intentioned hedge fund (“Fund Malicious”) as an example.
Fund Malicious first identifies a target in the microcap world for naked shorting, most likely an obscure company in the development stage or having otherwise questionable fundamentals. The hedge fund gets that firm listed on a foreign exchange in, say, Berlin, via a request funneled through a complicit broker or official in that country. Malicious then sells short shares it doesn’t have (naked shorts them), waits three days for the DTCC to call and ask for the shares, and then replies either, “I borrowed them on the Berlin exchange, and they’ll take some time to get here,” or “I’m a market-maker for that company’s shares in Berlin and naked shorting rules don’t apply there.” The DTCC then loans the fund shares from its inventory and charges the broker a fee until the stock loan is repaid. Malicious, in the meantime, continues to drive the price of the target’s shares down as long and as aggressively as possible. In the event the fund does cover to pay off the stock loan, it doesn’t take much effort to begin the naked shorting cycle again.
Other theories exist as to how the hedge fund might skirt additional rules. To prevent “piling on,” exchange rules mandate that a stock cannot be shorted on a downtick or decrease in stock price. In other words, Malicious must wait for the stock price to increase briefly before shorting the company. Rather than wait passively for an uptick, though, Fund Malicious can create an uptick in the stock itself by purchasing a few shares through a small offshore account. The hedge fund is then free to short (or naked short) the company with both barrels at home.
Malicious may get additional leverage out of the original naked short by choosing to target an ugly, obscure microcap company. By driving the price down, the fund hopes to scare existing shareholders into selling their shares, too, out of fear that something is going on that they don’t know about (i.e. the fund can “paint the tape”). This, of course, drives the price even lower while further obscuring the role of Fund Malicious.
There is plenty of room for additional mischief in the above scenario. According to the most vocal critics of naked shorting, funds like Malicious have relationships with reporters and/or message board regulars who are compensated to distribute negative news about the company in order to exaggerate the selling. There is also plenty of irony possible, in that a CEO can be her shareholders’ worst enemy by merely uttering the words “naked shorting.” Investors may panic, the stock might dive further and legitimate short-sellers could begin to circle.
KEEPING THINGS IN PERSPECTIVE
Given the mysterious nature of hedge funds and the convoluted nature of this crime, it’s easy to get carried away with paranoid scenarios regarding naked shorting. The skeptics, however, have some unanswered questions of their own. For instance:
• What’s in it for the brokerages? Are they supposed to take all the risk just to get a few more commissions or under-the-table money? Since when have they been that desperate?
• Has anyone ever been found guilty of naked shorting?
• Where is the proof? Are there other pieces of evidence that would suggest a crime is being committed?
• Why aren’t more companies making noise about it? Where are the whistleblowers?
• Wouldn’t the unintentional buyers of naked-shorted shares voice their concerns when they did not receive proxy votes?
• Why is there no outrage from legitimate funds and brokerages?
• How much regulatory burden should the SEC and other publicly traded companies have to bear to resolve the questionable problems of a few companies?
Both camps raise legitimate issues that simply cannot be addressed definitively yet. Reg SHO is not the deterrent the problem seems to demand. There have been numerous calls on the SEC to increase the scope of data provided in the daily Threshold Securities lists, which may help better gauge the seriousness of this problem. Until those issues are resolved, the SEC continues to consider the surveillance and enforcement of trading activity as the primary responsibility of the markets and exchanges. The DTCC considers its role to be reporting the FTDs. Brokerages are doing all they can to win commissions from hedge funds. Detection is difficult, accusations are nearly impossible to prove, and nobody has figured out a foolproof way to stop this crime.
So what’s all that mean for the microcap CEO? When it comes to naked shorting, you are your own best watchdog.
WHAT TO DO IF YOU THINK YOU MAY BE TARGETED
Above all else, be discrete with your public accusations.
A well-intentioned CEO can fulfill his own prophecy by going public with accusations of naked shorting. Investors may flee the stock, further lowering the share price. Meanwhile, other funds may hover, waiting for an uptick to begin shorting your company themselves.
Watch your trading volume.
If you’re seeing four or five times your company’s float trade hands in an otherwise ordinary day, and you have no large share overhangs, pay attention. Start documenting those patterns.
Keep your focus on operations.
Your stock price is not declining exclusively due to naked shorting. Weakness in the business, industry, model, communications or management team exists well before naked shorting begins and allows it to continue. In most cases, the best deterrent for shorts of any kind is consistent execution and credible communications with your shareholders.
Always surprise on the upside.
By maintaining absolute secrecy before good news, you give yourself the best chance to catch the shorts off guard and maybe even squeeze them. Be conscious of unintended signals you may send when in public appearances, conference calls and analyst meetings before a particularly good quarter or other surprising good news. Keep your cards close to your chest and save those glowing press releases for the middle of the trading day.
Maintain a steady stream of news.
By communicating with your investors as often as possible, you remove some of the mystery surrounding a company that a naked shorter typically targets. In the absence of any company news, a continuously dropping stock price is the only communication your investors are hearing. Sales of stock by legitimate owners are sure to follow.
Put floors on your convertibles.
A floorless convertible bond (also known as a “convertible death spiral”) is an open invitation for its owners to short the stock as aggressively as possible. A constant decline in share price means the convertible owners will get more shares because the initial rate of conversion will change. While the original shareholders may very well lose their entire stake in the company, the convertible owners can continue to short the stock until they can effectively cover the original short with new shares created by a new rate. Should those convertibles be held offshore where naked shorting is not illegal, the potential for price depression becomes even greater. Ensuring you have a floor on those converts will prevent the worst case scenario.
Monitor small international exchanges.
If your firm unexpectedly turns up on the Berlin-Bremen stock exchange and you, the CEO, did not request a listing there, that might be a sign of a problem. Request the removal of your company from that exchange immediately, and keep asking until it’s done.
Realize your choice of financing vehicle may attract naked shorting interest.
In addition to floorless convertibles, PIPEs may also attract undue attention from potential funders. Since shares in a PIPE are sold for below market price, the provider could short the stock down to that level with no risk of capital loss on his part. When issuing warrants with the deal, you’re also effectively pushing the price lower through increased dilution of existing shareholders. While it’s true that sometimes beggars can’t be choosers when it comes to raising funds, go into those negotiations with your eyes wide open.
Check the Threshold Security lists.
Links to the lists at each exchange are below. Keep in mind that inclusion on that list does not mean naked shorting or any other improper activity is occurring, just that some shares meet the three requirements mentioned above. An extended presence on the Threshold list, however, in combination with other signals may be an important sign.
Don’t read the message boards.
You’ll drive yourself nuts, waste a ton of time and eventually convince yourself you’re a victim of someone’s ill wishes, naked shorts or otherwise. If you’re that compelled to monitor the boards, ask your IR team to send you weekly summaries of any cogent posts.
Know your IR company.
Consider your choice of an investor relations firm as your first line of defense. Does the company have expertise in dealing with naked shorting? Does the price of your stock mysteriously rise or fall between the time you send your draft press releases and when they hit the wires? Do they have long-term clients willing to vouch for their integrity? And do they have processes in place to handle sensitive information?
Know your transfer agent.
Given that the process of naked shorting begins at the brokerage level, there’s not much your company’s transfer agent can do with regards to those shares. The responsibility for tracking them lies with the brokerage. It is theoretically possible, however, for a corrupt transfer agent to conceal the true float and otherwise manipulate the shares themselves.
Both your transfer agent and IR firm should be able to advise you on the effectiveness of combating naked shorts by changing CUSIP numbers, reverse mergers, and/or reverse splits. Although the long-term effectiveness of these strategies is questionable, it may be useful as part of a larger strategy to deter naked shorting. After changing your company’s CUSIP number, for instance, all existing stock certificates must be exchanged for new ones. All issued and outstanding certificates from old shares will no longer represent an interest in the company until exchanged. This may be more trouble than it’s worth, however. Once the new shares are in circulation, there’s nothing to stop a new round of naked shorting by determined parties. Such tactics may represent a small part of an overall strategy to reduce naked shorting interest in your company.
Questions?
Please feel free to contact Cale Smith at Hawk Associates at either csmith@hawkassociates.com or (305) 451-1888 with any questions or comments.
Links:
The SEC on Key Points About Regulation SHO
DTCC on Naked Short Selling and the Stock Borrow Program
Professor John Finnerty of Fordham University on "Short Selling, Death Spiral Convertibles, and the Profitability of Stock Manipulation."
The CEO of Overstock.com explains naked shorting
An open letter from the CEO of Eagletech to the DTCC
Naked Shorts – What I Have Learned. By Mark Cuban
Motley Fool: The Naked Truth on Illegal Shorting
Motley Fool: Who’s Behind Naked Shorting
The National Coalition Against Naked Shorting
NASDAQ Threshold Securities List (for NASDAQ, OTCBB and OTC issues)
NYSE Threshold Securities List
AMEX Threshold Securities List
Chicago Stock Exchange
ArcaEx
Berlin-Bremen Stock Exchange
To report alleged abusive naked short selling activity: enforcement@sec.gov
For more information on how to submit potential violations of Federal securities laws: http://www.sec.gov/complaint.shtml or by calling 1-800-SEC-0330
Home | CEO Resources Center
http://www.americanmicrocaps.com/featuredcolumn2.htm
The PR failed to mention the NRA trade show will be held next May 17-20, 2008. The previous show mentioned was held this past May 19-22, 2007. Wish they could have had a booth for the recent show, but it sounds as if the booths are hard to obtain. I think it will be great exposure!!!!!
Robaction- you have been in this with me for a long time. I think they actually may be getting their act together and potentially have a bright revenue producing future. What do you think? I e-mailed the company asking if they were still working with Subway. I got a response from IR saying my e-mail would be forwarded to Mr. Coblin, but I never heard anything. The Subway deal was the reason I initially bought UDSG. Just curious if you think they are still working with them.
UDS Group, Inc. to Appear at the National Restaurant Association Trade Show (Becomes Member of the National Restaurant Association) (NRA)
Jul 31, 2007 06:00:27 (ET)
BOCA RATON, Fla., Jul 31, 2007 (BUSINESS WIRE) -- UDS Group, Inc. (Pink Sheets:UDSG), a leader in Delivery Management Solutions, is pleased to announce that it has recently become a member of the (NRA) National Restaurant Association. Joining the (NRA) helps UDS support the fine efforts that they provide to the restaurant industry. UDS is finalizing its plans to have a booth at the (NRA'S) trade show which is the largest in the western hemisphere. The trade show will be held at the McCormick place in Chicago, IL.
The previous show attracted nearly 74,000 attendees from 110 countries and from every state. There were 2,140 exhibiting companies and the exhibit space was sold out for the second year in a row. With anticipation of 90% of the top 200 food service chain executives and their staff attending next year's show, and an industry projected to do over a half a trillion dollars in sales, our booth will provide an opportunity for us to showcase our Delivery Management Solution to these industry leaders. With the trend and the evolution that will commence shortly from curb side pickup to full service delivery, UDS feels well positioned to assist their clients into the next frontier.
About Universal Delivery Solutions, Inc.:
Universal Delivery Solutions, Inc. (UDSG.pk), 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.
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.
For UDS Group, Inc., Boca Raton
Investor Relations
Mitchell Capital Solutions
Anthony Mitchell, 866-253-0222
Uwlungman, Try tis site for free web info.
http://office.microsoft.com/en-us/officelive/default.aspx?xid=mcrssaub0540003327mrt
BTW, thanks to you & highline for responding to my post.
GLTA
That video is an example of why I invested my kid's birthday money (which was NOT a small amt. from friends, grandparents, & parents), as per their wishes (6 & 9), trying to teach them the value of money and learn how the stock market works. Thought this would be a fun & great first investment for them to watch and teach them the value of money. They watch it everyday! Thinking, this may oneday pay for my college, first car, and/or a kids's sand car.
Wow!, what a lesson!!!
I really hope that Alan realizes just how many hopes & dreams are invested in this! Both big & small.
This is the first time I've posted on this board, but have followed it from the begining.
My hopes are that Alan realizes there are more people invested in this company than post on this board with valid questions & complaints.
We GIVE you $$$ to make a better company! We blindly trust you, based on your word (PR) We expect the truth, even if it hurts. Of all the books I've ever read about investing, the one thing they have in common, is make sure you know the management and that they have the shareholder in their best interest. If a CEO says the pps doesn't matter, then don't waste your time, because the shareholders are what makes it all possible. Sure it's important to run the company & deal with the daily operations, but don't forget who is making it all possible. Hence, if you thought you could do it on your own, you wouldn't have gone public. I truly hope that Alan & co. don't think a news letter will take the place of PR's. Our investment is based on OFFICIAL news that everyone has privy to, not just the select few that choose to subscribe. I think that every pink that I've ever invested in has said, We are setting up to move to the OTC.BB and we have huge contracts in the works. To this day, I've only had one hold true to everything they have said and that is TDCP, now TDCP.OB, and they are about to change communication around the world as we now know it, with 3D technology! I actually think that Extreme Motorsports can be successful. I mean how cool is it for anyone, especially a young child to own stock in the only public sand car company. For that matter, one that is now owned by the son of a father who ran it successfully for 24 years. (awaiting a 39 million + dollar contract & exposure to the summer olympics!!!) For everyone that post on this board and does NOT post on this board, I hope that Alan will give us the transparency we all deserve!!! Soon!!!!!!!
That is awesome, long awaited for news!!!!!
I recently read on another board that out of the 100's of pink sheet companies, only 7 uplisted last year. So, this really is a monumental task that has been accomplished by TDCP!
Can't wait to see what they have in store for us with the displays! This will be a monumental day in history!!!!!!
GLTA!!!!!!
It's good to see you around again,Peng!!!
Looks like UDS might be trying to get their act together. I'm still holding the same shares from last March. Hope to get my $$$ back oneday. I've flipped a couple of times with this trend that has been happening since the beginning of the year. Maybe oneday it will sustain!
On the otherhand,I have more than tripled my position with TDCP (new 3D technology expected to change the way we communicate)in a short amount of time and it's only getting better! GLTY!!!!!!!!!!!
Shareholder letter
UDS Group Inc. Issues Shareholder Letter
BUSINESS WIRE
Posted: 2007-06-25 06:41:32
BOCA RATON, Fla.--(BUSINESS WIRE)----UDS Group, Inc. (PINK SHEETS: UDSG) a leader in Delivery Management Solutions today released the following from the companies CEO, Mr. Ryan Coblin.
Dear Shareholders,
It's my pleasure to have the opportunity to discuss UDS Group (PINK SHEETS: UDSG) Universal Delivery Solutions (UDS) with each and every one of you. There are many thoughts that I have sitting here, and it is a privilege for me to be able to convey them to each of you. I believe that before I can discuss future opportunities, I need to first digress so we can all see where we have come from, where we are today, and where we look to be in the future.
As most of you know UDS was incorporated in August of 2004, to offer a Delivery Management Solution to service industries in North America. From the very beginning,UDS has always known that the only constant over the course of time is change, and in knowing this, UDS developed a business model that could adapt to any change, whether it is a client's need, technology advancement or a consumer need. All being equally important, UDS believes the most important aspect to our model was to make sure that no matter the size of the client, or the industry they are in, is to have the ability to mold and model our solutions for their specific needs. This endeavor is what truly makes us Universal.
UDS has spent the better part of a year and a half on research and development and on site beta testing making sure that our systems had the required integrity. It is important to understand that UDS continues to strive, and always will, in the undertaking of R&D for our clients, making sure we remain ahead of the curve by integrating new and innovative technologies.
In the course of UDS' first year of operations, we were able to secure an agreement with S.W. Florida Regional Development Inc., which owns and operates the rights to the largest sandwich chain in the world in Southwest Florida. The signing of this agreement was a great testament to all the hard work and vision executed by UDS. UDS has since been able to sign to a test agreement with Salad Creations, which recently made the list of the top 50 franchisees to own, announced by Franchise Business Review, as well as becoming one of the fastest growing private companies reported by the South Florida
Business Journal. UDS has also secured an agreement with Puerto Rico 7, which owns, operates, and has rights to 7-11 in Puerto Rico. In addition, UDS has also entered into a strategic partnership with DevStudios International. DevStudios is proud to be one of Canada's 100 fastest growing companies ranked by Profit Magazine and also the winner of the 2004 Microsoft Canadian IMPACT Award. This partnership allows UDS unlimited roll out capabilities and eliminates costly on site installations.
To date, illustrating a single client, UDS has processed thousands of orders, increased sales upwards of 10%, almost tripled ticket averages, and has shown about 75% customer retention. We believe, as we continue the process in expanding our business, these initial results will be just "the tip of the iceberg."
It has always been important for UDS to offer as much current financial information to the public as possible. For the better part of a year, UDS has been working with SEC counsel and accountants to insure this happens. We reported in the fall of 2006 that we did not have all the books and records we needed to complete an audit for the years prior to the date we completed our purchase of Blini Hut, Inc. With our current accountants and counsel, I am glad to say most of our initial roadblocks have been remedied and we will be looking to finalize an internal audit shortly in order to voluntarily become a reporting company under the Securities Exchange Act of 1934.
We feel that the opportunities that lie ahead for UDS are endless. I feel that the passion, vision, and dedication of UDS is unparalleled. UDS looks forward to future accomplishments that will help transform the way companies look at their business, and the way the consumer perceives them. "With passion and strength of conviction anything can be accomplished," Ryan Coblin.
Sincerely,
Ryan F. Coblin
Chief Executive Officer
Well, according to the AU team, It's the stock of the century!!!!
LOL, I keep an eye on y'all over at MM :)
Just sitting here waiting on the fireworks!!!!!!
Reverse Merger Facts
Nearly half of the companies trading on a small cap exchange went public by way of a reverse merger.
Most private companies that go public by way of a reverse merger experience higher evaluations once public.
Most private companies have an easier time raising capital after going public due to shareholder liquidity and reporting requirements.
Ted Turner did a reverse merger with Rice Broadcasting Inc. which became Turner Broadcasting Inc.
Blockbuster Video went public by way of a reverse merger.
Don't forget these locations. I'm in Atlanta and was feeling left out until I saw this
National Distributing Company serves:
Georgia
New Mexico
I am on the East Coast and watched the Today Show from 9-10.
Shotpak was not on there. I also think this will be a summer series and I agree the anticipation will build more mommentum. I have e-mailed the Today Show to request a date. Will let you know if I hear anything.
War Eagle!!!!
I'm a AUfan1986
I seem to recall a saying "Great AU minds think alike!"
Especially when it comes to great stocks :)
I just got in yesterday and I am looking forward to the fireworks!!!!
GLTY
Thank You for posting this and Thanks to Bill Pannetta!
I just got in SHTP today and could not believe we got that AH PR!!!
Since then, I have been sitting here in amazement (watching everyone, once again, side tracked by "the Charltan Saga") and thinking no one seems to realize how HUGE this is!!!!
They are getting national public recognition by one of the most watched shows on TV!
Do ya think there could be a gap up on the opening???
rduke, thanks for the highlights!
Your DD has been invaluable on this board and I know everyone appreciates it. I guess we will have to look forward to the "July Launch" with Red Sky (Micros) and Vertical to see what unfolds. I would think with at least 20,000 travel agents already pre-registered in the UK and others to follow suit, we should see some revenue reports rather quickly. Thus, debt reduction, new investors, and a drastic spike in the PPS. (Then, maybe even a buyout?) Looks like now is a good time to accumulate more shares. I don't have quite as many as you do, yet GLTY
rduke,I have tried on several occassions to access this link.
I can't get them to e-mail me a password.
Would you mind giving the highlights of the interview.
Are you buying at these levels? I would like to have some more info before buying more than I already have in the red. I hope they intend to uplist again. Thanks!!!!!
Decent volume yesterday!
Are we on radar and getting ready for a possible run?
Level II shows 4 MM's at .05 today