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Dakota Dad, I see you advised them not restricted
I did not read all the way down the first time.
You better tell them they are not restricted while the iron is hot .
Update on the 2,000,000.00 it has
-$2,000,000.00 which reflects a minus $2,000,000.00 which to me still has a .0001 but would be a -.0001.
Strange, but the 1=10,000 PFD amount is correct. I guess the minus is because no value has been placed yet.
Banc of America
Well, have my preferred in my acount, nice
they show value @ 2,000,000.00, which is .0001 for having 2 mil of common. Looks great.
They just put 1 = 10,000 PFD = value.
Keep an eye on Gemm today
http://quote.barchart.com/texadv.asp?sym=GEMM
Gemm closed up .003-.015 over
500,000 volume.
May be related to CMKX that had a PR today with a new CEO, and an update from the CMKX owners group.
Volume picking up on GEMM
.013, 52 week high .19
Cash, heres example, guess
preferred can be reversed.
************************************************************
Savvis Inc. said Wednesday that its preferred stock would be exchanged for shares of common stock, and the company has scheduled a 1-for-15 reverse split.
Holders of Savvis' Series A preferred stock have agreed to exchange their shares for about 561 million shares of the company's common stock, the firm said in a release.
Savvis' 1-for-15 reverse stock split, authorized by stockholders in April, is scheduled for June 6. The company said the exchange is expected to take place within six to eight weeks, subject to closing conditions.
In a statement, Savvis CEO Phil Koen said of the exchange, "We believe this simplification of our capital structure, combined with a reverse stock split, will appreciably increase the attractiveness of Savvis' common stock."
Holders of 99 percent of the newly issued common stock will be prohibited from selling it in the open market through Nov. 1, the company said.
Welsh, Carson, Anderson & Stowe and certain affiliates will remain Savvis' controlling stockholder, with approximately 59 percent of outstanding shares following the exchange, according to the release.
The exchange of preferred stock will bring Savvis' total common stock issued and outstanding to about 749 million shares, the company said. After the reverse split, Savvis' will have about 50 million shares of common stock outstanding.
Jack Finlayson, Savvis' president and chief operating officer, said in a statement, "The creation of a single class of equity, and elimination of the dilution imposed by the preferred dividend, benefits our customers, employees, and investors."
St. Louis- and Herndon, Va.-based Savvis Inc. (Nasdaq: SVVS) provides networking, Internet and application services to financial services companies and midsize businesses.
Would think your correct on that
Let's say, that BKMP works up to .15 Yes, they got a US carrier & a South American carrier.
Now our preferred are free trading, and they have been for awhile. The ask is .0001 on the preferred, and .16 ask on the common.
So, alot of people may have a tendency to buy the preferred, due to the low PPS, otherwise, they could not afford much volume for the .16 common.
Ever buy 1,000,000 shares for .16?
Even tho a buyback, would
not they get the preferred on the shares they bought back.
Other thoughts of preferred
When the preferred become free trading, will have a bid & ask price, and will or can be bought by people not owning the common.
So alot more people can own shares in BKMP, with out raising the common O/S.
And as most know, the market place determines where the Preferred PPS goes, as the company is not paying you if you sell some preferred, the buyer in the free market place will be paying you.
Is not the figure below about the highest that can be traded on the internet, .00001? (5 digits)
Yes Paim had a higher 0 number, but it is not free trading in the market.
Maybe that list is the ones, they have talked to, but did not get the go ahead. Maybe the talk is over & signed up, (Comcast) and maybe they thought one or 2 would catch this, in the PR. I did
What I get, we should be
a .01+ by now considering some of the scum stock out that many have higher PPS.
Think many are holding off till a US carrier, but a Europe or South America carrier could motivate the PPS as well as a US carrier, which we may be close to getting.
What if we get all 3 about the same time.
If you have not bought in yet, think hard on this!
US Carrier PR @ 4:00 Eastern ? EOM
Do you not understand the preferred can not be delivered if the common has failed to be delivered. Final on this
You ask why they would have to cover.
If they do not cover, people will not get their preferred shares into their accounts.
Yes, common and preferred is different. But to get your preferred, the common has to have been delivered. Not a fail to deliver.
Thats what I thought I stated, a fail to deliver and no Cert is possible.
If you owned BKMP, and it was naked shorted, no problem until you might sell, but if you do not sell, they have to produce 10,000 preferred for every 1 BKMP common in your account.
When you see no preferred in your account, that is when all he-l breaks out. The naked short is proven because they failed to deliver your common, and did not have to, because you never put in to sell the common yet.
Your sitting right on the answer, can be traded, but 7 digits tells me they are not meant to trade, YET
Mr. Bishop the bonafide shareholders
with Certificates to date, shares total 632,069,264,521 are the counterfeited shares. NSS
Also many many shareholders have still not be able to get certs from their brokerage house.
The true shares were not put into the retail market, but if the bonafide and true are added, it way exceeds what is considered the O/S.
Estimates of up to 2 trillion shares counterfeited.
Of an estimate of 60,000 shareholders, only about 40,000 requested and faxed in copies of their certs to the taskforce.
So 20,000 never requested certs, and as stated, many that did could not get them from their broker.
It depends on how many shares you
have. Thatwould help determine when to get off the train. If alot of shares, you might want to get 1/4 off of the train, then another 1/4 later, etc.
For sure, this is not the kind of investment to just check on once a week.
So your saying
break a leg BKMP
Yes, IMO a 2 fold coming, we have the 1 friday.
Right hook with an uppercut. Uppercut coming
You must be joking
.001?
Still in a good buying PPS range, will not last.
I recall buying USXP @ .0004 before it got attention, and bailed out @ .027. It took a few days as many took profits @ lower PPS.
IMO, BKMP has alot more going for it, than USXP did.
Still be 3,000.00 if you owned
3 million common. .0000001 X 30 bil preferred
Agreed, my point, do not state it is
for the longs, its for anybody up to the 15th. However, they to can be long.
Thoughts, is this going to be a
factor.
http://www.theminingnews.org/news.cfm?newsID=2142
People that buy tuesday will be as
equal for getting the preferred as longs prior to the friday PR.
If the company wanted to reward the longs, friday @ 4:00 PM eastern would have been the deadline for getting the preferred.
No notice, and IMO
Off shore hedge funds have found a way
to clone the likes of Shell. and bishop. They travel together.
Why, because there are always so many
weak minds that will sell after bashers down play the stock.
One thing might be in our favor, BKMP may wait awhile to set a value on the preferred. People that sell now, are not dealing with a full deck.
Delay in par value on the preferred= PPS increase on the common.
We would all be better off money wise
if this board was shut down now that the basher team has arrived on the scene.
Who ever shorted BKMP will have
to come up with the ratio of preferred shares on that shorted stock. The Squeeze begins soon.
She is to busy bashing a revoked stock, that was revoked almost a year ago (self revoked) DO NOT INVITE HER HERE
See, if she can get people to sell their CMKX Certs to brokers, then shorty does not have to pay as much to cover the trillions of counterfeited shares. Quite sure an off shore hedge fund pays her to bash this revoked stock.
Your right, I saw address of Toronto and
assumed a Canada Co. Thanks.
Preferred stock in Canada
is treated a little different than American preferred stock.
A big portion of capital investment in stocks in Canada is by means of preferred stock.
Also preferred stock CAN come into play prior to a merger, and preferred stock has more benefits than common stock.
I am sure with-in a few more days, we all will become preferred experts.
http://www.investorwords.com/3778/preferred_stock.html
http://en.wikipedia.org/wiki/Preferred_stock