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You read my mind.
I emailed yesterday urging the company to hire a professional IR firm.
Good luck to CPOW investors.
Lebed is such a positive role model for today's younger people and all investors.
http://www.sec.gov/litigation/admin/33-7891.htm
It would seem he has something in common with that Troy Metz fellow you mentioned.
If someone chooses to follow this guy that's their choice.
Doubtlessly a lot of people make a lot of money -- on EITHER side of trades. I believe investing is about making money.
And if Lebed is wrong this time he will get burned along with anyone else who followed his advice.
A lot of people got burned in the markets drinking from the Kool-Aid of a few gurus who "were never wrong." Even the best stock picker is not right 100% of the time.
I have not been convinced the company is fraudulent.
I am also not convinced a shorter of his ilk is not behind "Hefin International."
If you have really done 1000 investigations that is an impressive record and I congratulate you and thank you for your service, sincerely.
What is a pump and dump scheme?
http://www.sec.gov/answers/pumpdump.htm
"Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through false and misleading statements to the marketplace. After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market.
I think it is important to differentiate between a "pump and dump scheme" and what is a Press Release campaign.
A company can issue a Press Release any time. A company can hire analysts, PR men, Investor Relations people. A company can promote itself. No company is going to survive without those kind of activities.
The SEC definition above includes the statement "through false and misleading statements to the marketplace." And this is the key - false and misleading.
The Press Releases came from the company - there is no dispute about that. Companies issue PRs all the time. When a company has news, good bad or indifferent it lets shareholders know through press releases and 8K filings.
The paid promotions were funded by some entity called "Hefin International Inc." Now THAT I am still investigating. Could have been ANY individual shareholder. Could have been financiers. Could have been shorters trying to make a buck the way they like to do it. Could have been competitors trying to make the company look like it was a pump and dump scheme, scare off investors and stop the company.
Could have been ANYONE including the "paid" promo company themselves. I have Sirius/XM satelite radio in my car. For about 6 months I heard ads night and day about a website called pennystockchaser.com. Here's what they were up to:
http://stockreads.com/Stock-Newsletter.aspx?id=28164
Part of logic is being able to look at the individual pieces of data and tell them apart. That the company issued the PRs does NOT necessarily = the company funded the paid promos. I am not saying they did or they didn't. I don't know and apparently neither does anyone else.
Next part of the definition of pump and dump scheme:
"After pumping the stock, fraudsters make huge profits by selling their cheap stock into the market."
Means there has to be tangible evidence of fraud and the actual selling of stock for there to be a "pump and dump."
CPOW is not a pump & dump scheme because some posters on a message board or some professional short sellers say it is. The definition above has to be the case to call a company a pump and dump scheme.
I thought the patent was held by an unknown shareholder, not the company. Sorry I am breaking my own rule by not posting a link to that, I have forgotten where I saw it. If someone can find please post. Might be in the i-Box.
Your theory, Steve5 is FEASIBLE. So are some of the other ones.
I wish you good luck in your trading.
If you can get your hands on something from the BCSC ordering a cease on activities from Hefin International, try to do so and it could be posted as a JPEG on an image sharing site and then we could put the link to it up here.
If anyone has data on Hefin International report it accordingly. All I can say is that if this ever was traced to a professional shorter... well you can imagine what would happen to that sad character for not only destroying the image of companies but defrauding investors. Can anyone say CLASS ACTION? IMO.
A good policy to follow on board: please try to use IN MY HUMBLE OPINION, IMHO, IMO or the word theory or whatever so we can easily see what is a theory and what is a fact.
If anyone wants to state a FACT, pro or con, please bring to the table something to back it up - link or other evidence. This will help all of us.
Thanks.
Boy you guys were busy while I was asleep.
Please be careful, folks. It looks like the shorting campaign has not stopped.
There is no disputing people make money shorting stocks.
There is no disputing this company has been "pumped".
No one has managed to convince me that THE COMPANY itself is fraudulent or engaging in fraud.
That being said, I am still watching this very closely and will do what I have to to protect myself.
As a note, some investors see an opportunity when stocks go down to get in cheaper. It is not a given that if this stock is somehow shorted way down low that it is never going to come back up. Shorters would like investors to believe that as part of their campaign to scare people into selling off.
Investors need to make up their minds whether they believe in this company and trust its leadership or not. And act accordingly. This is a personal decision based on due diligence.
I am going to repost this Axioms message a posted earlier.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30835203
I hope this helps actual investors navigate what is happening.
Be on your toes.
I am not ruling out that a shorter funded the paid promos.
I am not ruling out ANYTHING.
Saying so and so shorter never pumped the stock because you didn't get an alert with their name on the bottom of it
unfortunately doesn't mean they didn't create this behind the scenes. If someone robs a bank and doesn't tell anyone it doesn't mean they didn't do it.
"Hefin International Inc." paid for those promos. This is a 100% anonymous entity. Just TRY to find something on them. I haven't been successful and I could use some help with that.
How do we know Hefin International Inc. is NOT some shorter?
We don't.
Doesn't have to be Sykes or Lebed either, could be ANY shorter that would expect those two to jump on this as that's what they do all day.
Once again, I don't really know who paid for those promos.
Personally I am glad they are apparently over.
The stock is currently trading on a level that is relatively stable now if one looks at the long trend of this graph.
The shorters have yet to succeed in dragging this stock down to .01. Some might welcome that result, I don't.
Flippers and shorters and paid promos be gone. Let's see the PLANS come to FRUITION or not. At the end of the day, the company is either going to produce its products and get paid for it or it isn't.
If they do get sales the stock should go up providing it is not again made a plaything.
No problem Eagle.
You may have seen the June 2010 Press Release from the company that is listed in the NEWS section of this board.
That PR pre-dates the public trading of the stock.
Hi again Eagle.
Where do you get June from?
CPOW stock was not publicly trading until early September 2010.
Hi Skihi.
Another long day here, on and off the computer.
This is from the research report from Rob Goldman:
Analyst Certification
I, Robert Goldman, hereby certify that the view expressed in this research report accurately reflect my personal views about the subject securities and issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the recommendations or views expressed in this research report.
Then there's the disclaimer you mention.
All we know is that he is compensated but apparently he stands by what he says.
I did email him, by the way, a couple of days ago to ask how he felt things were coming along. I will post the reply if I get one.
Oh yeah, anyone that does dig up data on the paid promos (who is behind them) and unusual trading/campaigned shorting resulting in disruptions of orderly trading can relay it to:
Roy Leon, MBA
Senior Compliance Officer
British Columbia Securities Commission
P.O. Box 10142, Pacific Centre
701 West Georgia Street
Vancouver, BC V7Y1L2
(604) 899-6540 (direct)
Or the SEC.
If you hear back from Cory on projections for future uplisting, please share with us and reply.
Also, small thing - ask if he can get us a picture. I have pictures of Michael Shenher and Ken Kunz up on the website. Would be great to have a face with the name for Cory, even a candid.
Additionally, if anyone can get us any other pictures of CPOW premises, the inside of the processing plant, etc. that would be super - for the I-box.
Someone could email for them then relay them to me for posting in the CPOW I-box.
On another stock I have some shares in, one of the investors that lives nearby that company went there, and with permission got some pictures and even video. I am not suggesting anyone do that, should be simple enough to get some shots emailed.
Anyone have current data on "short interest" for CPOW?
The wikipedia article on Lebed says that he still trades. Trust me, I am not at all a fan of wikipedia and I am not saying this article is accurate. It is just what I call a "contrary fact" worth looking into.
Lebed says "I don't trade." Wikipedia says he does and supposedly that article was updated in November last year.
http://en.wikipedia.org/wiki/Jonathan_Lebed
bottom of wikipedia entry:
This page was last modified on 9 November 2010 at 22:27.
If he is trading again as of Nov 2010 this is a few weeks before the alleged "pump and dump" of CPOW.
If he isn't trading again, he or a representative thereof should contact wikepedia.com for correction.
Thanks Steve5.
As well as the recent current laws mandating the gradual switch from oil to biodiesel.
Now THAT is an exciting little tidbit.
Got any more data on that? As someone that has a little passion for alternative energy, as well as a CPOW shareholder, I would love to get my hands on any data about laws that could affect biodiesel use and value.
As I look over the potentials of the company, again, I see a few different plays, any of which could bring the almighty dollar -- revenue -- to this company and result in increased share value.
1) Cooking oil. Not just to China but elsewhere.
2) Feed for livestock.
3) Biodiesel.
4) Solvents, lubricants, gun oil, and the like.
5) Neutraceuticals.
6) Use of CPOW/GBE proprietary designs, processes and patents - selling/licensing those.
Lots of potential with CPOW - up to the management to keep us upbreast on their plans and bring them to fruition.
Good luck to CPOW investors.
Hi Steve5.
If you have evidence that the paid promos for CPOW were done by the shorts, please post it here.
I am beginning to think that myself, HOWEVER, again it is one of several possible theories. See my earlier posting on this.
In this case, the theory would be some big time shorter(s) paid for the promo, then trashed the company on their website to bring about gains through short selling. It's feasible.
So is the possibility of some large investor having done this.
So is the possibility of competitive companies having done this to make the company look scammy.
I won't rehash this, I earlier listed out all of the potential parties and their potential motives.
We need to find out who Hefin International Inc. is -- that's the front group that paid for the promos. My offer stands to buy someone a dinner (via gift certificate) if they can track down Hefin International.
Whoever paid for the promos, they seem to have stopped.
I am beginning to think the shorts have gotten out already but I am not sure. I really could use some input from someone who is more familiar with short selling. If we could get a current "short interest" figure we could also have more data about this.
Good luck to all CPOW investors.
Ugh. In case anyone missed it, there was an after hours trade that put the stock at .16.
http://ih.advfn.com/p.php?pid=squote&symbol=cpow
Hi Frenchie.
Welcome to the board.
I am bad at making share price predictions and especially on this one because it is so speculative. A LOT OF WHAT IFs HERE. I'd like to think I will make some money in anything I invest in. Sometimes trickier in the OTC markets.
Like many others, I was attracted to this stock by the pre-Christmas buzz that was floating around I-Hub and the internet. I have stuck around and even added to my small position over time. I think when I first bought into this it was at around this same level, then I bought a little more as it was going up - I don't think I paid more than 20-25 cents for those shares. Stock went up, I sold a little off the top, not much. And then I bought a little more the last couple of days at around .15. I would say I am pretty much even, maybe a little down but not much.
I am currently holding about 3-4x the shares I was holding when I first decided to make a buy. Which isn't saying much, it's not that many.
Actually this performance is better than I can say for another Canadian stock I have but that's another story.
For now I don't think I can predict where shareprice is headed. I would like to see more data. I do want to know how many shares are freely trading, how many are restricted and when do the restrictions come off, etc. I would like to see steady news about the Chinese deal over the next 60 days.
I am also curious as to what will happen in April when the CEO of CPOW is slated to speak at that bio-energy conference.
And I would like to hear more about the possibilities of neutraceuticals, livestock feed and jet-fuel/biodiesel that are also plays in addition to the cooking oil.
I haven't seen any reason yet to sell my shares.
My profile shows me I have a few "followers" now. I just want to remind folks I am not a seasoned investor or expert and to please make your own calls, invest within your risk tolerance, etc.
Good luck to CPOW investors.
I mean I would like to know who their attorney is. I may have missed this reading through the data, though. If someone can get me the name and contact info from wherever I will add it to the I-Box.
As for share structure, I want to know exactly how many shares there are, how many are restricted, what the float is. In a concise statement. Again, someone smarter or more alert than me (I slept 4 hours last night) could put this out as bullet points if they have the data.
A few posting deletions.
Friendly reminder to be courteous and to make postings about the company and not about each other.
Feel free to repost in reworded fashion anything that has been deleted as off-topic due violations of the posting rules.
Some things I would like to see. We can all communicate with the company on these:
a) uplisting.
b) IR firm handling investor relations.
c) Attorney representation.
d) Share structure.
For now let's see how CPOW continues to trade today.
Someone please keep track of these HDSN moves for possible formal complaint.
As a note, would be good to see this stock uplist.
Another OTC stock I have some shares in is doing the uplisting process.
Anyone not comfortable trading in the OTC market can always get out of it.
CPOW volume 3,832,972 as of 1:15pm.
Good healthy trading day.
I am not sure anyone will know for sure where the selling is coming from.
There are a lot of shares out there from before the pump.
Could be some naked shorts?
I was hoping to see some Level II data.
Uplisting with good drill results would be a real treat.
Could anyone with Level II post a screen capture of the CPOW market maker activity on this stock this morning?
I have to head out. Volume is picking up. 1 hour into trading and volume is over 2 million for CPOW already.
Good luck to CPOW investors, I'm off to get some breakfast.
Has anyone called yet?
I'm headed out the door for breakfast.
If anyone calls, post the gist of the converation please.
Good luck all.
It would appear they are trying to build a foundation now.
First PR: New IR firm.
Second PR: ???
Third PR: ????
Drill results gotta be in there somewhere...
Steve5 I cannot get that LINK in your message on CPOW's predecessor to open.
I could cut and paste the text but I would like the link for the CPOW I-Box.
Can you repaste this?
Thanks.
I was almost afraid to log on this morning to see what the reaction is to this PR.
Overall, a step in the right direction.
I agree this is a LONG play.
Amen gowfyw!
I certainly cannot argue with that. Good assessment and not something I feel like I have to dig into to get more data.
CPOW is about as speculative as you can get. So many IFs.
Will be interesting to see how this plays out.
Finally turned positive, trading at .164 for those of you that follow the stock that closely.
Good luck to all CPOW investors.
I have no particular desire to malign Sykes or Lebed but I also don't take ANYONE'S opinion on anything without looking fully into it and all the angles.
Good luck to you Eagle.
Thanks Steve5. I was looking for that last night.
Which brings the question again WHO is behind the paid pump messages that went out around the end of Dec, early January.
To be clear, as far as I know, paying for promos is not an illegal activity. If someone has something on that please let us know.
The problem with paid promos is most assume any company worth its salt wouldn't have to pay for promos - it would stand on its own merits. I would tend to be in that camp myself.
Some ASSUME it was the company or insiders that paid for the promos.
Maybe they did and maybe they are didn't.
Honestly I don't know or I would share that data with this board.
Like some of the other things that have been brought up here, I am not going to assume the worst automatically about CPOW or its leadership.
All we know is that the promos were paid for by "Hefin International Inc." per the microscopically small fine print on the bottom of these promos.
If anyone can find out who Hefin International Inc. is I will buy them dinner (actually it will probably have to be a gift certificate for dinner). Because I cannot find it. Most likely a Front Company.
When you Google that, you find about a half dozen penny stock websites alerted on CPOW, for a fee. You also find a figure of $100,000 paid for the promos. If these penny stock promo sites are all from one SPAM factory (possible), that would be a total of $100,000 for the lot. If they are seperate companies its HUNDREDS OF THOUSANDS paid for the promos to different companies.
Again, WHO could it be? Cui bono (who benefits)?
Other than "the company", these are the players. Maybe I missed one or two as well:
a) Financiers that loaned the company money are possibly trying to recoup their investment. If share price goes up, perhaps some non-restricted shares get sold by the company and used to pay off loans. Or financiers themselves own stock and have since it was pennies.
b) Professional shorters have a lot to gain. Any time a company is pumped and dumped and they make money for their subscribers, they look good and can bring in more paid subscriptions because of an increasing resume of (what they call) success.
c) Could be this Troy Metz fellow if he got or had shares. Serves two purposes - he makes money on shares and can help discredit the company he is no longer part of (spite?)
d) Some investor with deep pockets that is not otherwise intimately connected with the company could have decided they wanted to make some money and paid for the promos.
e) Competition. I brought up earlier the possibility that a big conglomerate seeing potential competition in CPOW might have paid for promos through a front group to hype the company, then put shorters on the case to discredit the company to stop any progress on the Chinese deal. This is just as feasible as any other theory.
f) Penny Stock Newsletters benefit if CPOW actually does make it. It would a success story for them and add to their OWN resume, drawing in subscriptions/more paid promos from other companies ("just look what we did for CPOW folks - your company could be next" and "We alerted CPOW at (blah) and it went all the way up to (blah)!!! Give us your email address and we will make all of you rich!") Plus they got paid for the hype. Friend or relative of penny stock front group who themselves would be smart enough to buy shares and get in and out on the hype?
AS A NOTE I AM SENSING THE PAID PROMO DAYS ARE OVER. I HAVEN'T SEEN ONE ACCOMPANY THE LATEST PR. WHOEVER WAS BEHIND THIS HAS PROBABLY GOTTEN WHATEVER THEY WANTED OUT OF IT.
If this is the case, what we now have is a game between longer term investors and shorters - in other words what would generally be considered "the free market".
Yes, thank you lightbeam.
Okay this time I really AM going to log off. lol.
Please have a look over the I-box I spent hours updating it tonight/this morning. Anyone can PM me if they have suggestions for the I-box.
Oh, another thing I would like to ask is to include the ticker symbol CPOW in each message. There are many reasons for this including the fact that these messages can be found on Google by non-I-Hub users that are trying to find out about CPOW.
Opening bell: 9:30am EST.
I am trying to get data on the share structure from the Transfer Agent. I will post it when I have it.
Something still doesn't make sense to me about this split. I cannot put my finger on it other than to say usually a split will show dramatically on a graph. For example at one time Berkshire Hathaway Class B shares were trading for a couple grand each, then Warren Buffet did a 50-1 split which is very unusual for him and the stock was trading around 70-80 dollars a share. That's when I bought a few, because I could never have afforded to have a piece of Berkshire before.
Another thing not clear at least for me is how many RESTRICTED SHARES there are.
For the 28 mil shares becoming 3 times that in a split at so many cents a share, they all would have had to have been sold at/near the peak to be worth the amounts you are quoting. Someone with Level II could do us a favor and add up how many shares have been sold since the split - might give us some idea but you can never easily divine who is selling.
Questions to check into: WHO got shares in the acquisition of GBE by CPOW? Are those shares RESTRICTED in whole or in part? Etc. Etc.
More due diligence to be done... Always seems to be that way with OTC stocks.
Again, I am holding my position.
Good luck everyone.
Thanks.
I am so tired and I cannot sleep tonight. Good thing I have the day off from work tomorrow.
But I am not sure my head is clear enough to get my wits around this point. Between the due diligence I have been doing on CPOW and another stock (KA*X) I have spent way too much time this weekend on the computer.
You raise an interesting point and I will try to look into this more tomorrow and possibly email the CEO again and ask about it.
Meanwhile, usually, a split in shares has something to do with liquity/volatility. Sorry to be lazy but for now, here's a link about stock splits and I will try and look into this more tomorrow.
Why shares get split:
http://beginnersinvest.about.com/cs/investing101/f/wtisstocksplit.htm
Thanks, Palms.
About Lebed, I'm so glad he is trying to protect us all. Or...
http://www.sec.gov/litigation/admin/33-7891.htm
Okay folks thanks for the lively debate over the weekend. I got to get me some sleep. All current investors in CPOW should have their eye on this stock tomorrow to get a handle on where this is going.
Good luck to all.
P.S. I did some updating of the Ibox.