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Nasty collapse. I'm out now. Still think it heads lower though.
Why are YOU here? Why should we trust anything YOU say if you have a position in this stock?
It ain't bashing if the stock deserves it. You're gonna look really dumb when this stock is 10 cents.
These guys know that the average otc trader has the attention span of a 5-yr old. They want news, news, and the expectation of even more news. And from the mn1.com interview, I think it's safe to say that's exactly what RCAU will deliver. Expect blockbuster news on those vaporware subsidiaries. Of course, none of this changes a thing. Another lemon pink sheeter, GHLT went ballistic topping out around 9. A year later, it's 25c and dropping almost every day. I expect no less from RCAU.
>>the guy is a total basher/shorter with zero credibility.<<
No, you have zero credibility. Lemon's reports are public in real-time. His track record speaks for itself.
>> He's a big promoter for naked short sellers.<<
Maybe, but do you have a shred of evidence to support that assertion? ... That's what I thought.
>> You can see exactly what happened yesterday when his garbage came out .... and then when prople saw who it was... he's covered now<<
Again, any evidence? Typically, after a Lemon report comes out on a stock, the stock will tank and then come right back and sometimes even go higher. Perhaps he is covering. However, I think a more plausible explanation is that when Lemon slams a stock, the promoters go into overdrive to jam it back up. If they didn't and the stock continued to slide, the price action would validate Lemon's accusations in the eyes of the public, and their precious promotion would die prematurely.
You short-conspiracy nuts are a hoot. It doesn't bother you in the least that dozens of websites openly flog crappy stocks and are paid to do so. And the vast majority of these otc stocks are exactly that, crap. Yet a short seller, someone who discloses his positions, puts out factual information and you start looking for the grassy knoll.
Form 144: Filing to Sell 840000 Shares of National Healthcare Tech In (NHCT)
Apr 06, 2007 (Vickers Stock Research via COMTEX) --
Document Processing Date: April 05, 2007
Filer: MORLEY, ROBINS JAMES MORLEY
Relation:
Stock Name: National Healthcare Tech In
Stock CUSIP: 635904204
Stock Symbol: NHCT
Exchange: OTC
Transaction date: March 26, 2007
Shares for sale: 840000
Value held: $168000
Broker: CANTELLA & CO, INC
Ashes to ashes, dust to dust...
RCAU being promoted by same group that did AUML is a very nice find by stock lemon (Citronresearch.com). The similarities are striking: pink sheet offering, Ebay business model, massive promotion effort, ATN Enterprises, meteoric rise (AUML went from pennies to over a buck), rapid collapse (ok, RCAU hasn't done this yet, but it will) and descent into oblivion (AUML fell to .005, did a 1-1000 reverse split, and now trades as AUNM at .01!)
SGCR is heading up. Could be the beginning of an explosive move. I will be long, but am really looking forward to shorting at higher prices.
Mea Culpa
I covered this pig waaaaaaaaaaaaay too soon. What a dog. Arby, even if you are ultimately proved right, you were wrong wrong wrong about the stock price. Now almost 90% off the peak and down 70% in just the last month. Wow!
The sad thing is that a halt right now would be the best thing for the investing public. The dump hasn't even begun yet; the promoters are still holding all their shares. A halt now would prevent them cashing in on this scheme. But sadly, the SEC will wait until the damage is done--and the bad guys have move all their booty offshore--to do anything about it. Shady stock promotion pays. Too bad I have ethics.
With a market cap of almost $1 BILLION, RCAU will start to attract the attention of the press. And it won't be pretty. This stock will have a very short half-life. Better have the mouse pointer hovering over the sell button cause when it drops, the exit door is gonna be jammed.
How does a company list on the "NASD"? NASDAQ is the quotation system and is a subsidiary of the NASD, the association of dealers. I wouldn't trust anything coming out of this company. This is CNDD Part Deux
"Possible exchanges include: NASD, NYSE, and AMEX."
$2.4 mil to be exact. Here's an online version with a copy of the fine print.
http://www.smallcapfortunes.com/soen/solar-enertech-page2.html
IMPORTANT NOTICE AND DISCLAIMER: This featured company sponsored advertising issue of Groundfloor Stocks does not purport to provide an analysis of any company's financial position, operations or prospects and this is not to be construed as a recommendation by Groundfloor Stocks or an offer or solicitation to buy or sell any security. SolarEnertech (SOEN), the company featured in this issue, appears as paid advertising, paid by Pearl Star Communications, Ltd., by their description, a non-controlling shareholder, to provide public awareness for SOEN. SOEN's management has approved and signed off as "approved for public dissemination" all statements made herein regarding SOEN's history, assets, technologies, current as well as prospective business operations and industry information. Groundfloor Stocks and Capital Financial Media (CFM) have used material provided by SOEN and outside researchers to create the advertisement coming from Groundfloor Stocks about SOEN. Although the information contained in this advertisement is believed to be reliable, Groundfloor Stocks and CFM makes no warranties as to the accuracy of any of the content herein and accepts no liability for how readers may choose to utilize the content. Readers should perform their own due-diligence, including consulting with a licensed, qualified investment professional or analyst. Further, readers are strongly urged to independently verify all statements made in this advertisement and perform extensive due diligence on this or any other advertised company. Groundfloor Stocks is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. Many states have established rules requiring the approval of a security by a state security administrator. Check with http://www.nasaa.org or call your state security administrator to determine whether a particular security is licensed for sale in your state. Many companies have information filed with state securities regulators and many will supply investors with additional information on request. CFM has received and managed a production budget of two million four hundred thousand for this print advertising effort and will retain any amounts over and above the cost of production, copywriting services, mailing and other distribution expenses, as a fee for its services. Groundfloor Stocks is paid $50,000 as an editorial fee from CFM and also expects to receive new subscriber revenue as a result of this advertising effort.*More information can be received from SOEN's investor relations firm, or at SOEN's website www.solarenertech.com. Further, specific financial information, filings and disclosures as well as general investor information about publicly traded companies like SOEN, advice to investors and other investor resources are available at the Securities and Exchange Commission website www.sec.gov and www.nasd.Com. Any investment should be made only after consulting with a qualified investment advisor and after reviewing the publicly available financial statements of and other information about the company and verifying that the investment is appropriate and suitable. Investing in securities is highly speculative and carries a great deal of risk especially as to new companies with limited operations and no history of earnings. The information contained herein contains forward- looking information within the meaning of section 27a of the Securities Act of 1993, as amended, and section 21e of the Securities Exchange Act of 1934, as amended, including statements regarding expected growth of the featured company. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act, SOEN notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the Company's actual results of operations. Factors that could cause actual results to differ include the size and growth of the market, the Company's ability to fund its capital requirements in the near term and in the long term; pricing pressures, technology issues etc.
The fall has just begun. I think you'll see sub-.10 within three months. Nice news today. So they're paying $12 million, eh? Sounds like another 1.2 billion shares.
I'd look over the 10q. They need to raise quite a bit more cash; this last round was just the beginning. I think your share count estimate is way too low.
Also, the legitimacy of this entire deal is questionable imo. Someone paid over $2 million just for one series of mailers, and there have been more since. That's a massive red flag.
But if you're still convinced that this stock has long-term potential, I would definitely wait until it pulls back. Buying/holding through a large volume move coupled with the massive private placement is just asking for trouble.
My 2 cents.
Not yet. Lower though, I'll buy them from you when you stop out.
Yep, been long DLSL.
http://www.investorshub.com/boards/read_msg.asp?message_id=17256164
A ton of stock in the offering described below and much lower prices. Cashless exercise on those warrants at any time. Plus, this is only the beginning; they're going to need a lot more money to fund their program so more dilution on the way.
A few months ago, someone paid millions of dollars to have mailers sent out--one of the most expensive promotions I've ever seen. Initiating short position here.
On March 20, 2007, Solar Enertech Corp. (the "Company") sold an additional $9,000,000 principal amount of Series B Notes in a private placement offering (“Offering”) to “institutional” accredited investors ("Investors") pursuant to exemption from registration under Section 4(2) of the Securities Act of 1933, as amended (the "Securities Act"). On March 7, 2007, the Company sold an aggregate of $8,300,000 principal amount of Series A Notes and Series B Notes in this Offering. In connection with this sale the Company issued 15,789,474 Series B warrants to purchasers of the Series B Notes. The conversion price per share of Common Stock of the Series B Notes is $0.57 per share and the exercise price of the Series B Warrants is $0.90 per share. This is the final closing of the Offering. The Warrants are exercisable for a period of 5 years from the date of issuance of the Warrants. The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.
Knight Capital Markets, LLC, an NASD member firm, acted as sole placement agent (“Placement Agent”) in connection with the Offering. For its services in connection with this closing, the Placement Agent received a 6.0% cash commission, a 1.0% advisory fee and 1,105,263 warrants ("Placement Agent Warrants") to purchase shares of Common Stock, exercisable at $0.57 per share. The Company previously paid legal fees of $40,000 to counsel for the Placement Agent.
Neither the Series B Notes nor the Series B Warrants were granted registration rights in connection with this Offering, however, the Series B Warrants may be exercised on a “cashless” basis at any time while they are outstanding.
Here's the promoter
http://www.naturalcontrarian.com/strategy.php?id=69
As for the cheap paper, it's outlined in the filings. In a nutshell, they raised $1mm at .04/share plus warrants. The warrants are exercisable soon. I think they'll be pumpin' like nobody's business to create a frenzy to sell into as they've got truckloads of stock to move. Fraser pumps can be great longs. See TNEN and AMNT. Just don't fool yourself into thinking you're in early on the next Microsoft.
Disclosure: I'm slightly long at the moment.
This stock is headed up imo. Lots of cheap paper coming but there is a strong promoter behind it. Looking forward to shorting this at higher prices.
If 1 cent is fair and reasonable, it ain't worth anywhere close to 40 cents. Pump me dump me.
From the 1/16 8k:
Pursuant to this Agreement, the Company agreed to repay Camden the
sum of $650,000 plus interest at ten percent (10%) per annum by December 31,
2007. Additionally, Camden has the right to convert all or part of this debt
into shares of the Company's common stock at $.01 per share. The Company also
entered into a consulting agreement with Camden wherein the Company agreed to
pay Camden the sum of $450,000 for its services to the Company until December
31, 2007.
Also on January 11, 2007, the Company entered into a Consolidated Note and
Security Agreement with Summitt Oil & Gas, Inc. ("Summitt"), also an affiliate
of the Company, wherein the Company memorialized its obligation to pay Summitt
$350,000 by December 31, 2007 for monies owed to Summitt. The Company also gave
Summitt the right to convert all or part of this debt into shares of the
Company's common stock at $.01 per share, which right Summitt has exercised. As
a result of this conversion, Summitt is being issued 35,000,000 shares of the
Company's common stock, in restricted form, and the Company has extinguished the
debt of $350,000 owed to Summitt. Additionally, the Company entered into a
consulting agreement with Summitt wherein the Company agreed to pay Summitt
$450,000 and issue Summitt five million shares of the Company's common stock, in
restricted form, in consideration for Summitt's services through December 31,
2007.
The Company believes that all of these agreements were in the best interests of
the Company and fair and reasonable.
Hi Rig,
Congrats on your great trade. Nice drop yesterday, eh? That lemon report paints kind of a bleak picture. And that Tobin Smith video is VERY entertaining. Yeah, I'm still buried in this stock; it's hard to win 'em all. I'm still pretty confident, though, that this is little more than a very effective, high-speed stock distribution strategy.
It's thin and hard to borrow. If I were really clever, I would have boxed some under 4, but I'm fine with the big picture here.
BNVI has really rolled over. I won't consider covering any until it approaches the 50dma which is now 3.35. Market cap is still way too high given the level of development.
Even if the product is all that, I think the stock will still take a dive from here. They went about it the wrong way. Too much cheap paper. There's way too much easy money out there for those PIPE specialists. They don't hold for the homerun which may or may not happen. Why not take the easy double and move on to the next deal? If you really think this could be something big, you wait for a pullback. The stock is up 8x since late December and the market cap now is pricing in big success. At the moment, ZROS is a posterchild for the overbought penny stock. Maybe in a future post, I dissect the 10q and point out all the red flags.
P.S. BNVI is another winner. ZROS should be next.
Shorting ZROS here. Highly promotional, big price increase on volume, excessive valuation, bad balance sheet, and lots of cheap paper. Other than that, it's a great investment.
All in my opinion, of course. See EVCC, PLRO, CSHD, etc for some of my earlier plays.
Yes, holding for lower. Could easily drop 50+% from the high.
I may cover at any time, however.
Lest someone think I'm just a basher, I'm long DLSL from about 1.35. Very cheap stock, even after the big runup. Lots of cash on the balance sheet and low p/e. Revenues growing very rapidly and market (chinese boilers/solar heat) is huge. Their strong balance sheet and US listing facilitates their ability to do acquisitions. The only negative I see is some margin pressure.
Lastly, this is a low-float China stock. It could get picked up by the daytrade crowd and run up a la CHNR or CTDC.
Initiating short position here (5.50). The stock is waaaaaay overbought and there's mountains of cheap paper coming to market.
See my work on EVCC, PLRO, CSHD, TNEN etc.
Nice bounce today. Still way down from when I put a sell on it here on this board.
What's next?
Your stock is trash. What else are you long? Need some more shorts.
Effective 31 October 2006, the Company merged with its wholly owned subsidiary Platinum for the purpose of effecting a change of name to "Platinum Research Organization, Inc." and a recapitalization of the Company's capital stock. Pursuant to the Agreement and Plan of Merger dated 18 October, 2006 (the "Merger"), each outstanding share of the Company was exchanged for and become five shares of Platinum common stock on the effective date of the Merger. Platinum assumed the outstanding warrants of the Company, which will be exercisable for shares of Platinum common stock. Each such warrant is exercisable for five shares of Platinum common stock at the same price as one common share of the Company.
>>>6.5mm x 5 = 32.5mm for the shares
>>2mm x 5 = 10mm for the warrants
The Company will issue to the PRO Transferors 55,000,000 unregistered shares of common stock of the Company.
>>Another 55mm
The Company will issue to the Investors 5,000,000 preferred shares (the "Preferred Shares") and 2,500,000 share purchase warrants (the "Warrants"). The Preferred Shares shall have an annual 10% accrued dividend which will be reduced to an annual 5% accrued dividend upon the Company entering into a commercial agreement(s) which will increase the Company's aggregate revenues to $40 million per annum and to an annual 2% accrued dividend upon the Company recording net revenues of $1 million per quarter. The Preferred Shares may be converted into common shares of the Company on a basis of five shares of common stock for every one Preferred Share at anytime by the holder or by the Company under certain conditions. The Preferred Shares have a maturity date of five years from the date of closing. The Warrants will be issued to the Investors on the closing date. Each Warrant is exercisable for one share of common stock of the Company at an exercise price of $0.26 per share for a three year period from date of closing.
>>Pref'd: 5mm x 5 = 25mm
>>2.5mm warrants
4. The Company entered into two Convertible Promissory Note Purchase Agreements whereby the Company has agreed to issue two promissory notes in the amount of $500,000 each (the "Convertible Promissory Notes") each bearing regular interest at 10% per annum, being unsecured, and being repayable in full one year from the date of issue.
The outstanding principle portion of the Convertible Promissory Notes shall be convertible into preferred shares of the Company on the basis of $0.90 per preferred share. Interest accrued on the Convertible Promissory Notes will be forgiven upon conversion of the Convertible Promissory Notes.
>>$1mm converts to 1.1mm pref'd shares which equals 5.5mm common shares
TOTAL: 130mm shares. All but 55mm issued at under 30cents. That's a lot of cheap paper.
I think this pretty much sums up the company.
http://www.stocklemon.com/05_31_06.html
I too received the mailer so I can confirm the accuracy of the Lemon article. The stock ran like crazy a few months back on the promotion and stock squeeze. Shorts were apparently hit very hard with buyins.
GHLT is trash but it's way off its highs and has no buzz. If you're looking for something more current, I would suggest EVCC or YTBL.
Here's a post I made on the EVCC board...
http://www.investorshub.com/boards/read_msg.asp?message_id=16633239
Sorry for the late reply. Don't know anything about FCCN. I don't follow 2c stocks.
I expect a huge pump on this one shortly. No inside info but I expect a big mailer. At some point it's going to be a fabulous short but for now, the promoters are in control imo.
EVCC broke down again.
These down spikes should put some needed fear in the heads of momentum traders. EVCC is an extremely dangerous stock and will trade much lower shortly.
Yep. Did you see the revised Sb2. Almost 10 million shares coming to a market near you. Fwiw, I've found RSPG to be a very difficult borrow.