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what some people don't understand about shorting is that sometimes their cover may be under certain criteria and they can not cover right away. Why the bashing and non covering continues.
awesome, $100 forced short cover is not unbelievable.
It is all falling into place, he has stated what is going on. DTC issues, etc... do not always fall the way you would like. what is your limit order to buy more set at hugh???? Agenda!
ziggy, absolutely correct. some mutuals, etc.... will not and can not invest until certain criteria are met. There was a big deal with this back in 2001 when some good quality companies had them pull out because pps requirements were not being met.
Deano
Yep and as I posted earlier in concern of DTC, there is usually major problems with naked shares being settled. PAYD is what I owned before, previously PAID. they had lawyers involved, yada, yada, yada. We went up about 400-500% after it was all done and we did not even have the assets we are talking here.
See you at $15 and beyond.
Deano
I have been through a similar situation with PAYD and cusip change. It got real ugly with the DTC and NAZ forcing the company to allow for more time for the naked people to come up with shares. Nothing was adding up, so who knows how long this could take, most likely into next week. Long story, short we went up 5 times prior to change. Same may happen here then halt, then who knows what price Rufus will do after that but I still expect $15 with new investors coming in when they realize this is bigger than thought.
Good luck,
Deano
He comes unwanted and yet posts negative agenda. Superman he is not, so can you see his agenda? NO DOUBT! I don't need anyone to give me the potential negative DD, I can get it myself.
They don't have to sell right away, so they are most likely waiting also.
Normal! eom.
I am very relaxed. My wish is based on a stock I owned on the best way to handle a cusip change, everything else will fall into place. I am as relaxed as ever. No whining here. That is what I hate about posting, people can't view tone, my tone is good.
Very normal for brokers to be slow. Amerijunk is up to date which is a first for me.
It is my understanding you are correct. Until 10k, merger is not complete. Therefore we trade as normal under new symbol. I really feel Rufus should have done a share count with DTC and announced it with the current Cusip change. I doubt that is going on behind the scene, but would force the shorts to cover.
I don't know if a 10K major news announcement of a merger can allow them to halt the stock and reprice or not? That is a department in my 6 years of trading I am not sure of.
Today is the day. csHD!!!!!!!!!!! High Definition!!!!!!!!!!
cool Bud, you are right nothing says there has to be a halt or a 10k before a halt, etc..... It can be done in various ways. we shall see. I disagree that the price will come out at book value, unless Rufus states book is now $15. He was pretty sure of that price.
Good Luck,
Deano
Yep, anyone talk to him today.
I just bought a few more. NO FEAR!
My understanding was that we would be on the OTC for the time being. OTC is run by NAZ so that was his wording saying the NAZ. JMO.
Yep, I hope our strategy works out. I hate the rule change back in 2001 that hurt little investors LIke us. can't go in and out with the same funds. Crime!
Deano
Ok agree and also feel some are "air shares" and those market makers will pay the ultimate price after CUSIP change IMO. Like buying shares at $15 to make up for what they don't own.
doesn't matter who is selling unless you want out now. $15 on the open on halt day, that is all that matters. I won't even sell then cause I believe we will see $30+ within 3 days of it. JJ and others posted lots of examples of reverse mergers.
JJ, and the best part. the price increased over the 3 post merger days unlike what most think here of a major selloff.
To me 200 Million is great also. Nothing. eom.
Yep, always a little down before the big bang. What they are doing is very unique and patience of a few more days or even weeks may happen. We shall see, could even be hours. LOL!
cool, hope they are right. wonder who she is? If they are talking about the TA then that is the wrong person to find out filings.
No, doesn't look like a southern guy, When I visited the office lobby I saw one guy pass by that looked like my image. Tall, slender, grey hair with very relaxed clothes on with white shoes. Not sure who that was. LOL!
This board is turning into an RB board. Need more control over these folks. Ban them!
Cayman, I can easily explain. Not all corporations set up name changes for shareholder approval but merely Board approval as stated. It can go either way and I have worked under either.
As far as the 2005 date for the incorporation, I pointed this out from the Delware site last night. If you pay the $20 for more details I am told because I did not purchase that it states newly reformed or something to that verbage.
Deano
Blue Sky, what happened to JJ? eomm
And that luxury liner could be in the form of $100/share if the shorts wait to cover after the halt. that includes naked shorts who think they are free from covering until the DTC discovers with the share count of Cusip change that we have more investors in the company then there are outstanding shares.
Could happen.
Deano
Did you not hear him, he called the Transfer Agent and got the info first hand. Not PR'ed news.
cool dd. thanks. Ready for lift off.
Oil, LOL! Well if this goes to $15 as planned then my office will also be at home. LOL!
Furia, not Fronthaul. Fronthaul never worked for me.
Yes Oilstrike. It was one entrance to many suites on the 3rd floor. Receptionist was not there. her name was Maureen. I did not enter the office because noone was around but there were many entities listed on 1st floor lobby. the building was the same building on the website. My only confusion were I did not recognize all the names listed. Even a special projects division of Home Depot was listed. Not sure if that was an old sign or what?
One of the original entities I believe. When i visited the office building but did not visit Rufus, this name I believe was on the listings of companies in suite 300. There was no one single company name but dozens listed for Suite 300.
they updated website with name change is the only part I like. LOL!
Jane, look for my post from last night. Seems the holding company was first incorporated in 2005, but looks like they just made active as they announced yesterday. Some insiders have also put in some sales with the SEC but small potato sellers. I posted last night around 11sh
He did say they could halt trading either before or after 10K. Looks like right now to me that it will be after 10K
Agreed and small potatoes compared to the executives.
Incorporation filing back in 2005,
https://sos-res.state.de.us/tin/controller