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.
Why would anyone short a stock in which they held an equal or greater position of stock? The real brand of naked shorting is not illegal. Having options to protect yourself from a short is what would make someone not naked, and you can't buy options in OTCBB securities as far as I know.
Sam, you don't cover a short with stock except for what you buy off the open market, or by executing an option you've purchased to minimize your exposure. I think what you are saying is they sell a stock short without ever finding stock to borrow, and instead a FTD (failure to deliver) is sent instead of the stock they were supposed to have sold.
luvhuntin, you are confusing shorts with daytraders. Shorts are short sellers, who borrow stock and sell it at market...they then wait for the price to go down to "cover" the short. (ie./ Buy it back.) But if the company goes under, they don't have to cover the short and they keep everything.
People who bash stocks are often thought to be short.
luvhuntin, there is news and non-news. If the news was really good it would likely draw in more investors to the stock, and the MMs would be forced to sell them shares and stop playing their games. But if the news was mediocre or even non-news (which is what you usually see on the OTCBB) you might even see a drop in PPS, and maybe even some jackass coming here and repeating the tired line "Buy on rumour sell on news."
Quite the opposite, IMO...this stock has languished under 10 cents for years and years...think of all the sellers who will dump their shares in the teens...and think if you are an MM and grab a ton of those shares, and then the company is worthy climbing into and holding in the $1+ range. That would be a pretty good ROI (return on investment) I'd say.
I'd give it a bit, 300 share trade just came thru...Ask should be going down.
That is their job...they make the market in OTC markets. This is not like the big board (ie./ a real stock exchange.) If if sounds like it can be rife for manipulation, that's probably right. So my advice is to watch out for stocks with floorless convertibles. FYI, FASC has no convertibles.
Convertible notes/debentures are interest paying paper with no collateral which can be converted into common stock. So if you have MMs bringing down the price to artificially low prices, and people converting their notes into stock, you are going to have some real bad dilution.
On the other hand, the manipulation can make for a real good buying opportunity sometimes.
An MM is a market maker, like NITE or ETRD. Generally they buy at the bid and sell at the ask, which is opposite of the general rule for us.
Unless you are using an ECN (electronic communications network) and thusly are considered a direct access investor, you are buying your stocks from an MM.
ETRD and NITE are two of the biggest market makers, they are the short forms of E*Trade and Knight.
You can watch their movements on Level 2 feeds. OTCBB.com has a 15 minute delayed L2 feed.
Welcome goforthebet, GLTY also. EOM
FASC 6 month chart:
0.05 10000 OBB 15:11:30
0.05 5000 OBB 15:10:57
0.05 5000 OBB 15:10:57
Tech, Google's search brought up Kootenay Enviro Fuels for me before also. To my knowledge there has never been a relationship between FASC and Kootenay Enviro Fuels.
Cuil is not cool and shame on Matt Drudge for even mentioning its name...he's since removed talk of this inept search engine from his page. I guess I will have to keep on Gulagging until something better comes along...
Tech, that PR doesn't say anything about algae to fuel, rather fertilizer.
FASC. EOM
Hopefully FASC will put out some news worthy of my giving that thread a bump next week. :0)
You called that one. EOM
Why is the WhyGreenNetowrk down? FWIW it was seemingly cheap enough to develop...
Closed
(Cancelled by Service Buyer)
Status: Closed
Budget: $30-250
Created: 03/31/2008 at 11:21 EDT
Bidding Ends: 04/05/2008 at 11:21 EDT
Project Creator: jeanwilliam View PM Post PM
Buyer Rating: 9.75/109.75/109.75/109.75/109.75/109.75/109.75/109.75/109.75/109.75/10
(4 reviews)
Description: Would like a developer/designer to create a 5 page template for the relevant content associated with Green, cellulose, ethanol, biofuels, biomass, etc. Use all "proper" conventional seo on page techniques. Include RSS and outbound links from and to friendly compliant sites and portals.
Report violation
Job Type:
* Graphic Design
* PHP
* SEO
Database: (None)
Operating system: (None)
Bid count: 2
Average bid: $ 213
I called our IR guy this morning, he said he'd let Cal know about the mistake. It was fixed by the end of the afternoon.
Also, I called Pacific Stock Transfer today...the O/S has increased by 100,000 shares since June 18.
Good find, TR. Thanks. EOM
Tech, throw in a -FASC in the search string if you want to remove all references which include references to FASC.
I did that and there was nothing on "Neo Tek Siong". (Quotes around the name limit the search to that name and that name only.)
No Sam, Indonesia was Barack Obama's old homeland.
Thanks!! Not really the kind of news I was hoping to hear but you sure do post news here in a timely fashion. Keep up the good work.
Thank you Tech, for all the research on the shorting of penny stocks. Now that I know it can happen, it makes the volume in some penny stocks make sense now...eg./ MDMN...I've seen constant volume in this minerals company for a year now, and figured it must have been accumulation...But knowing it could just be shorts covering makes me a better investor, and I will likely avoid the company now. Appreciate it.
Perhaps someone (TIML?) could ask management what the picture of that KDS is displayed on the left hand side of the homepage? ie./ When/where? Still in operation? TIA
Sunspotter, NWVM has had that on their website ever since I can remember (months and months)...it's been there since the start, and the KDS pic and description has been used to describe what would be the first of their commercial operations.
If Chevron with a million things on the go gets something wrong and has it on their website for a while before going noticed that is considerably different than a penny stock with nothing on the go announcing they will be using a KDS Micronex, which turns out to be untrue, and then they decide to leave that on their website indefinitely.
For one, that company has stated on their website they were given a KDS machine to use which CEO of FASC Brian Nichols stated was untrue.
We have that. See under Latest Company Press Releases.
http://www.vantagewire.com/quotes/viewquote/FASC/ is the link and it includes free real time quotes for those who register (although not for L2). Also includes historical quotes (unlike OTCBB.com) without the need for Java (unlike I-Hub quotes)
One can get delayed L2 quotes at OTCBB.com. IMHO, anyone but complete newbs should know how and where to get free delayed L2 quotes.
Who is LVBBC? EOM
Chambers, TR posted that some 6 months back. I called Brian, and he said he FASC was not working with them. That company is a scam, IMO.
From the FASC.net home page...
FASC's clients benefit by implifying on-site grinding and drying operations...
This has to be corrected.
VantageWire shows me .052 X .055. EOM
TR, It would be my guess the company could have released the Malaysia PR Monday or earlier but wants to avoid looking like a P & D scam (eg./ GFET) who puts out mutliple fire press releases.
My guess (and it's just a guess) is the PR will come out Thursday.
All of this IMHO and FWIW.
Nice find TR, thank you. EOM
We'll talk in 2009. EOM
Charlie, I'm sure there is a relationship of some description between Evision Holdings and TIML, but they are not one of the same. Both have been compensated by FASC, proof of your finding on Cellulosic Ethanol Producers which I actually have not been able to locate but I'll certainly take your word for it.
Charlie, Evision Holdings i ran by a person with the name Brian Holden.
Registrant Contact Information:
Name: Brian Holden
Organization: EvisionHoldings
Address 1: 10437 Wyatt Earp Corp
City: Las Vegas
State: NV
Zip: 89129
Country: US
Phone: +1.7022560462
Email:
http://who.is/whois-us/ip-address/earthhour.us/
He'll take you to the bank. EOM
Jagman, speaking for myself, I would SO GLADLY use ignore to keep myself from having to read your insideous opening lines and your posts devoid of any factual information. (Do you recall how many, many times TR has proved you wrong?) Unfortunately (with respect to you, and only you) I am a mod here and read alll of the posts.
Not only are your posts without merit, they are used instill fear. Your latest fear mongering involves the possibility of a R/S or an increase in the A/S. So, I ask you thiis: Do you have a position in any company where the O/S is maxed out? Do you think that is healthy for the company?
The stock trades in NV, where any R/S would have to have a decrease in the O/S equal by percentage. One of those of your ilk over at RB call a "nevada-shell" which astounds me. Sure NV has corporate friendly laws (or so I've read) but it's not some DE corporation where the R/S can be a 5000 foe 1 (example) and the A/S remain the same.
An increase in the A/S would give the compnay leverage to diversify its holdings, or pay for services. Which could include the kind of services that would provide a ROI. (The share roice would have to go up for that, and it seems to me like you are trying to keep it depressed.)
So Jagman, this is you in a nutshell. You either think the O/S going from about 100 million to about 200 million over ten years for a compmay having a difficult time of things Cal did a poor job of living up to his financial responsibilities.
Or you're trying to scare people about the dreaded R/S....that's MM manipulation b.s. and us long don't care about that. Espescially since it's a NV company.
I'm ba-a-ck! Check this out:
http://www.who.is/whois-com/ip-address/ages-biomass.com/ - Creation Date: 2008-07-03 =- The IP is 69.64.155.129
http://www.who.is/whois-com/ip-address/kdsmicronex.com/ - Creation Date: 2008-02-24 (same creation date as was most of the Why Green sites by Evision) The IP is 69.64.155.134
It looks to me like AGES-Biomass or AGES might just be our name! I love it! (Yep I love the name AGES/AGES-Biomass now.)
Sleepin
P.S. iHub banned me for a few days for "pimping" FASC on other boards...funny that it went up 25% in a day after my "pimping" didn't matter.
P.P.S. Jagman, care to explain how a MOMO play is a manipulation? Want to cite instances where such manipulation occurred here in this latest so-called momo play?