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Zatoichi -I hear you man, but think about what you are saying. Marios email wasnt publically transparent either...
You dont want to add gas to the fire... his email took it up -then charlies took it back down... Wait to see what happens-
Personally, I feel that as mario said- charlie is favoring davis side - but from all the DD Ive been able to do about this company - if WD has any "say" in this company it is minimal - the only thing that needs to be proven is that Davis did in fact seperate from the company back in 02... If mario can prove that he did... and davis cannot prove he didnt... davis then had no business reopening this claim and is will be dismissed... That is the bottom line here is it not?
I gave you some wrong info....there is a change in the bankruptcy law on monday for corporations too... --but it just concerns the amount of time that they have to reorg in a chap-11 and gives execs less ability to keep anything after the company goes under...
so much for a trustee being impartial
Marios first email, if i remember right, said that he felt CG was leaning or sided/biased toward WD and didnt feel he was working in the best intrests of all involved anymore....and that is why mario went to ask the judge that the case to be dismissed because he knew that the split/new company settlement wouldnt work out with the trustee leaning toward wd side... I would vote that this had nothing to do with CG being competent to do the job or not... shady shady
just like the trustee knew for sure that his email would cause the decline today... so.. who knows...
Not to be contrarian but dont go down that road - there is nothing saying that it was not them or the "investor" at .005 that sold yesterday on the pop up to get back some of his funds... mario didnt have to show us all that info--- he couldve kept it quiet and just submitted it to the judge and let the chips fall where the may....He knew that would drum up some intrest and get some volume going again...
I do still believe he is working in our best intrests-- but im sure his best intrests are still first in his mind. If we liquidate- I bet he loses the rights to the formula. He is what looks to be the companies largest creditor -but is only owed 300k or so, the forumla is booked at $1mil...It would have to be sold as an assett...and divided amoung the creditors starting with mario...
Dont get me wrong--Im happy that he sent that info to us--it was nice to have the light go on to get us out of the dark after sitting for the last 6 months...
Hopefully the judge will rule in our favor... If not, my cert will make a nice wall hanging above my computer... a reminder to do more DD about a companys past before I jump in with both feet....
its all up to Marvin...bottom line. Kind of makes all this a waste of time because if the judge wouldve done his job the first time and made a final decision in the first filing this couldnt have been reopened...
why in the hell is the trustee emailing the stockholders??? Isnt he a "court appointed employee"
And if he should be contacting us--why has he been silent for the last 6 months? until today--- 1 day after mario filed those papers (to go over his head) addressed to the judge???
Smells fishy to me again.... nothing but shady stuff happening with this... imo mario got involved with a bunch of crooks way back when and they have haunted him (and us now) ever since...
the pos bashers on rb keep saying its over... not from what I see...
Mario already stated that he felt the trustee is/was biased toward WD side and that is why he was filing that documents to the judge to make a final decision.
Isnt Charlie Gerhardt the trustee?? or am I mistaken?
can someone who has access to it please post the $ amoutn and size of the trades from today? Im still wondering again why the mm keeps deciding to skip over my buy order and go down to .0011
The bankruptcy law changes will go into effect on oct 17 2005 they are to the best of my knowledge for personal chap7 ad chap13 bankruptcy and will not have any effect on corporations or corporate bankruptcy.. for a person to file bankrupty without have to go through the new hoops you will need to make less than 18762 for 1 person 39343 for family of 2 47115 for family of 3 or 53165 for 4 or more in the household...
otherwise you have to take a mandatory financial coundeling course and go to mandatory consumer credit counseling
nothing has anything to to with corporations as far as I can see... im sure the government will work on that one next
I agree with you... I walked into this stock optimistic and slowly I have become a pessimistic... cant understand why..
If the judge signs that paper
from what I see all that needs is the signature at the bottom by the judge Marvin Isgur and we are back to business... wouldnt have thought I might have to put that cert back in my account...
EP- Im still trying to get a feel for what to look for on the charts- how does VFIN look to you? a good entry at this point?
Mario just said that he will give more info as soon as trustee gives the go signal...He isnt ignoring anybody---he opoligized for not getting back to me sooner...
As far as the certs-Ameritrade said 4-6 weeks but didnt cost me anything because I have apex. Nice of ameritrade to do that for free...
I have apex too...I wasnt aware you can get certs for free with it... I should start giving stock certs as gifts if thats the case ---its greeeeat to hear. one less expense...
Im sorry if what I said got a conversation going about a short squeeze...im not saying for anybody not to get their certs-Im going to get mine...
It was only my assumption that a broker allowing a client to naked short would be "exposed" if all the valid shareholders pulled their certs because there will be no valid shares left--- which is the exact reason why mario/the courts are doing things this way...therefore the naked shorts will be unable to cover...
whoever said about the remaining shares being liquidated might be right-- but if all shares are gone (because all legit shareholders pull there shares to paper certs)which means the legit shorts (if any) would have to cover since they are "borrowed shares"---- it would only leave shorts that are naked wouldnt it ??? because if there are no shares to short you CANNOT be short -your broker needs to be holding the shares (from a long) for you to cover or it is illegal...per the defination of naked shorting.... correct me if im wrong...
If this is the case somebody might be looking at a big fine and an investigation from the SEC... and its just a thought that they could be affilated with walter davis group---which would add it to why marios attorney would push/agree for it to be done this way with the certs... I think mario is quite intelligent and he doesnt just want to be rid of davis but still stick it to him for all the trouble he has caused him... just imo.
that looks to be to good to be true but if mario says so... hopefully it will happen....
I will be happy because my avg is just below .01 so if that happens will help me get green again-- question would be how long would the new stock pps hold because people who bought down here at .002 would want to sell for profits.... the lowest I bought was a .0075 except for buying and selling to myself at .0025 to take my tax loss to offset gains on other trades..I was figuring it was going to be a long hold before we got back to penny plus again...
im still sitting here wondering what is going to happen to the pps when whoever is short has to cover and not enough shares are aval to cover it with....
I think he used the .10 as an example only...wont know until it happens...
I would love to know who the person is with the ask at .0018 after what is posted on the website...
Im about to do the same on tuesday or wednesday
Contax - how can you say that? They just PRd more or less that the deal was done...because MW knew if they didnt the pps wouldve dropped because people wouldve lost faith in him being able to deliver.... they didnt state specs on the deal- they just stated the "down payment" (which im sure has 100% to do with getting us off the otcbb 5mil/750k)...The real money is down the road -if it is 5% royalty and bsx decided to coat all of their stents you would be talking about 150mil.yr rev just off bsx...(and even if im being overly optimistic half of that revenue minus current costs will still take us to 10$) and im sure many other companies are waiting or already talking with them about other ideas....
I see lots of upside and no downside here...I guess if you didnt you woudlnt have kept some of your shares...as far as im concerned all I was told thur from the PR was confirmation from a 20+ billon dollar company that somebody besides the biophans believe in biophan.. I likely purchased your shares yesterday and will be more than happy to ride them up the rest of the way for you.
I still think that squiggle motor is going to be this companies sleeper... if they get in the retail market who knows here this could go...
that was a while ago - and im sure it was forwarding thinking from MW and had lots to do with wanting exposure to help the pps get up closer to its "real" value before the announcement.. remember that bsx is purchasing at 10% over avg of last 30 days... wouldnt you want PRs coming out knowing your soon to be partner would be taking 5mil$ worth of shares-- with the higher pps it saved the company prob more than 100k shares (easily) on the purchase...well more than the 18k they spent anyway 100k shares is currently $290k...brilliant move on MW part imo...saved us from having to give up more shares for no more cash....
now we just need those specifics on the royalties - many many many millions in revenue every year... and still 139 more patents on top of the one that they are mostly interested in...
I also would like to thank ep for giving me a bit of extra confidence when they were trying to shake out weak hands, I dont play with as big of a bankroll like im sure some of you do, but im just getting started and have a large piece of it (to large for comfort until the announcement today) on biph too... so cheers to EP and all the rest of the biphers... smart small traders become big traders right...
I hope a few of you took my advice on biph. they got their deal/contract/partnership..the first im sure of many... figured id help someone else out... im sure I will recover all I lost on this on the gap up tomorrow alone on that stock.... Im still long here for the duration too...
Ps- mario replied to my comments about the stock certs and asked me to call him for more deatils--- im sure if any of you havent had a reply yet- he will soon get around to you.
here is a post from RB to shed some light on what you are talking about... Looks like MW has all the bases covered
.....
re Biotronik's AMS
Biotronik's Absorbable Metal Stent (AMS) appears that it might be a breakthrough in stent technology.
The technology for their AMS has been collaborated on heavily by Aachen Resonance, from whom Biophan recently acquired exclusive rights to advanced mri technology for coated stents. Biotronik's AMS is being developed in Europe to eventually be marketed as a coated, drug-eluting stent (DES). Aachen's CEO, Dr. Alexander Reubben and Dr. Bucker, Aachen's renowned mri expert, are now under contract with BIPH to further develop the technology that they licensed to BIPH. At the same time, they are working closely with Biotronik on the drug-eluting AMS.
Something tells me that BIPH has a finger in Biotronik's future AMS pie.
Biotronik/Aachen collaboration link:
http://www.biotronik.com/content/detail.php?id=2685
Biophan / Aachen licensing deal p/r link:
http://www.biophan.com/pr/061605License.html
ot: Yeah --- Ive been waiting for things to turn around for me so I can quit my 9-5 so that I can roll my 401k into an IRA on my ameritrade...the idiots wont let me roll it unless I terminate my employment and become a re-hire which would cost me my vacation and seniority...not like that means much but it isnt worth it to just move cash into an account that I get to trade--- plus the 401k fund managers are doing an o.k. job anyway... If they wouldve let me roll it- Im sure I wouldve sunk a sizeable chunk into this at .01-.02 so maybe that is a good thing right now that they didnt ...but who knows what the future holds....
Hey- not ment as a pump(its just a company that is somewhat local to me that I have watched and traded on and off for a while)Check out biph in the next couple weeks- big things going down for them... major medical break with mri compatablity and their nanocoating to allow stents and pacemakers to go through mri machines safely... They are going where no-ones gone before safely... do your DD but just something to watch should fly by 6/30 on closure of a contract w bsx..
Im not sure but I do not think so.... We will be giving our stock certs as legal tender to Mario in return for equity in a new company--- it shouldnt be able to be rolled over I might be wrong, but dont think so - it will be the same as a cash transaction for stock in a new company.. since the certs will be out of the hands of brokers, the government will no longer see it as sheltered and therefore it will become taxable... this will need to be addressed... all I know is I closed a 401k before and it sucked -- I only ended up with 1/2 of what I started with after the penalty and the tax and then the loss of other credits for not 1 but 2 years on my tax return because of closing a 401k... im sure this wont be as bad - but it still will be an additional loss... hope im wrong in my assumption...but im just glad I dont have mine in a IRA because ive already lost enough here...
I dont think that is the way it works...
My understanding is when a certificate is drawn it becomes legal tender and is the same as pulling cash out of your account- just that it isnt cash- its worth is xxxx shares of xyz stock on xx/xx/2005 and is transferable to anybody by just handing them the cert --just like cash... So therefore it would be a cash/equity witdrawl from a IRA account and subject to penalty and the tax... Im pretty sure you can just take a cert to any broker on any given day and cash it in for cash...for x#of shares on the cert times the$ that the stock is currently at or available for on the exchange....
That is the only part I dont understand about mario requesting we send him our certs--- because then they would become his? I dont understand where there would be a guarentee that he would have to send us anything....it would be like handing him cash....
ps-wouldnt it be great to find 1 share stock cert from when coke cola went public--it would have to be worth a bundle today
If you really want to know -- I first found this board when EP and co came on spdv while I was long already and they came into town-- called the pop perfect and then moved on... while I held the damn thing for 6 mths and made some money they were in it for days based on ta and probably took more profit percentage than I did.... I was impressed and have lurked here ever since. I could think of 20 more stocks he has called dead on if I wanted to but im not going to waste my time... stocks go up and down calling the ups is what matters long or downs short who cares about the rest? im not looking for 20 year investments, Im looking for trades min risk max reward.
OT: Dude- im pretty new to this stuff and was totally clueless until about maybe a year ago....But I do know that perdicting and catching upside breakouts is a risky business but as long as you keep a tight stop be it a mental or real stop---that is where the money it at...as long as you stick to a plan.... I have never seen anybody call them like EP does yet--- Im sure somebody is better- there is always somebody better out there- I know EP has a mentor --the Obe-wan to the Anakin Skywalker---but I dont see anybody else freely willing to share their expertise...to show people how to play with the big boys instead of being taken by them...
I was actually going to buy a book today/yesterday about TA written by Pring..when I was at the bookstore-I forget the name but is was everything about TA or something and was like $50 -- I decided to hold off to see If I can find it in paperback or on an Ebook first or at least cheaper on ebay than at the store...im a cheap bastard like that. I can lose or make a ton of money in a day in the market but wont spend $50 in my pocket if I dont have to...
anyway - dude I dont know if EP will delete your posts or not but you really are killing the mojo of the board so please chill.
OT: dude ---- EP seems to do well enough for himself ---and his board here has helped a lot of people help each other out...cant you tell by the posts???? nobody is forcing anybody to read this... I dont know what kinda bs you are slinging or why but why dont you go start your own board on ihub if you can do better... Why are you so upset anyway, you need to go visit a doctor man...get a good perscription.
Dude - as far as your list - I made money on a couple of those -- I dont see where you are getting your numbers from--- the only one I lost my ass on was eltk but that wasnt EPs fault- I shouldve done more DD before I got in on that insider pump and dump in the first place- AND EP even opoligized for calling that one--which wasnt needed--- I decide when to buy and sell my positions -- just like everybody else-- EPs fingers arent on the trigger dude.. he is being cool enough to give a helping hand and make recomendations based with TA -- who are you helping?? definfately not me... my checkbook will likely want to thank EP and a few others here at the end of the year ..lol... hopefully I can get this TA stuff down by then so I can maybe return the favor to him...
taki-man Im sure etrade wasnt letting someone short it without shares- theres a lot of shareholders in on this that use etrade im sure so there would be other shares---maybe somebody wants in because of the stuff on the website...
for some reason spwp hasnt ever worked on my L2 with ameritrade.. I dont know why... everything else works fine... this is the only .pk that im in.. so I just figured thats the norm on .pk how do you see the L2 what service do you use? I usually go to pinksheets to see the bid and ask even-because ameritrade doesnt show me that either..
You got it wrong zato... You cannot buy a stock from a naked short... A legitimate short would have taken your shares that you were holding from your broker-----and solid them to whoever--- then covered at a lower price and give your shares back to you... without you ever knowing any better (you just held on as the position dropped) a naked short would be shorting shares that the broker doesnt have in an account---you cant sell something to someone if it doesnt exist....
from investopedia.....naked shorting- The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. However, some professional investors and hedge funds take advantage of loopholes in the rules to sell shares without making any attempt to borrow the stock. Naked shorting was banned by the SEC October 29, 2003.
If there are no shares in the brokers accounts for another client to go short--- they cannot legally allow someone to go short----therefore its naked shorting-- and illegal.
I dont know if it was when I talked to mario or if somebody else posted it here someplace or on the website maybe but I remember a number like 30,000,000 shares or more that mario thought were unauthorized and illegally being shorted--- (probably the same shares walter davis claimed to have had that he couldnt provide to mario on paper to show he still had some ownership in the company...) because of this its likely mario didnt even know the outstanding share count in his own company for a long time...imo...and maybe the TA couldnt even figure it out which would explain the time period when they wouldnt tell you anything about the outstanding share count...and likely why they want paper certs to get all the shares together to get a true count... I honestly dont understand why the SEC isnt involved with investigating walter davis and the crap he has pulled here...espically since the texas bankruptcy courts are involved... I guess maybe because this company is small peanuts market cap wise... and the SEC has bigger fish to be concerned about... well..whatever I guess we will see... I still bet on a big pps rise by a short cover unless they halt trading on the stock. Nobody wants to be caught with their pants down....
I agree 100% with you.. EP is the man...he has helped me a ton... I dont have enough experience yet to dare call anything myself, but he has opened my eyes to TA and helped me to not believe as much in funnymentals anyway... because funnymentals dont buy and sell - people do. As far as BIPH im happy as could be, riding on the train pretty much with a free ticket from the first ride up from 1.40... couldnt be happier.. keep on keeping on EP..
hey- dont know if any of you ever went to this site..but I was happy to find the live audio of the only dead show I ever attended (that I remember) on 6.6.92 on there....(I went to the one on july 4 89 too but dont quite remember that day)anyway great link-http://www4.archive.org/audio/etreelisting-browse.php?collection=etree
nope, elders book---I never looked at the market like that. always was a sheep thats likely why I was frustrated only making 10% a year before... -stock operator is my next read. Am I right in my assumption of ELTK if it breaks about 3.05 being a very good thing? or at least to watch for that?
how about ELTK its up on higher than avg vol start for the day...crossed back over the 50 this morning... fwiw. still dont understand this ta stuff much yet but im at least learning
EP- thanks for the recommend on the book, excellent read learned lots. thanks.
EP-what would you say is the right place to start to learn TA the way you see it?are there any books that would be good to get? I am actually amazed at how close some of you guys on here can call these... Im to new at this to even think of telling anybody to get into any stock yet...I base most of my picks on funnymentals but you guys are making a believer out of me for sure...
on erhe the .90 wasnt but for 1 trade from what I had seen no idea where that came from...
I was happy to see the drop...it allowed me to get more and im happy its up over 10% again today just waiting for a bit more and sell again and keep my freebies. Im looking at that as a educated gamble... will keep my free shares for the awards and hopefully things go as planned.
PPHM is doing nice today too... surely has something to do with all the PRs attracting new investors but its up 12% who knows where that will go if those claims are true.
EP- thanks-good call on ERHE im glad I took your warning to heart and am only playing with free shares. Dont mind this as much today