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You are something else. The golf course property is in forclosure and is owned by a bank. If and when it closes, you will hear about it. Why don't you just leave well enough alone.
Just bought some more at .0023. Seems strange to be able to buy the stock at .0023 when there has not been any sold at .0022. MMs should all be put in jail for being crooks. JMHO.
Get real! The person who posts under the name of "Wayne Burmaster" is not our Wayne. He is some Basher that should be removed from the board.
I never discussed the number of authorized shares with Wayne. I was only concerned that the issued shares had not increased,
There has been so increase in the issued and outstanding shares since the increase from the dividend whatever that figure was - 350-400 million.
I have seen lots on golf courses sell for more than $200,000.
I got the impression in talking to Wayne that if the Food Service side was sold off for between 4 and 5 million that part of that money might be available in developing the properties around the golf course. Also, not much if any dilution of stock would result from the purchase of the golf course. The golf course would be a valuable property which could be used as equity in obtaining financing.
I talked to Wayne yesterday after the market close. He pretty much reconfirmed all that appeared in the latest PRs including that the bid was in for the golf course and there are companies interested in the food service side of IBCX. He indicated that the outstanding shares has not changed still around 400 million with no dilution by the IBCX. He indicated that the current share price was unrealistically low and that IBCX may start up a Stock Buy Back Program. All those here that are yelling that the "Sky is Falling" will soon find out that it is not.
The bid of .006 is very weak. I tested it with a sell order for 30,000 at .009. Sold 30,000 at .009. No more tests for me. With a good PR we should go up from here.
What kind of homework would you suggest? I have been in and around accounting/auditing my entire adult life. I was a CPA and have held a Series 7 brokers license. Therefore, I feel pretty comfortable in telling you that warrants expire upon expiration. They do not go into the Treasury for future use. If the Company wants to issue new warrants later that is their perogative. So as not to deride you and others any longer, I will take a break from future posts.
Where do you come up with this stuff? Unexercised warrants do not go into the Treasury, they expire with no value.
Warrants not exercised by their exercise date expire. Once expired they have no value.
The eventual ownership percentages of the Dalian project is still not finalized. According to those who talked with Larry he is hoping to end up with as much as 60 percent. Until the LOI is finalized the actual percentage is still uncertain. If Larry gets that much it will be divided between SOMA abd EQBM. Exactly how the 60 percent will be divided between the two Companies has not been given out by Larry.
Scottrade has removed the restriction now. But they put the restriction on when EQBM had its greatest volumn.
Here is an interesting post from another board about Scottrade restricting trading:
Posted by: rbl100
In reply to: Always Faithful who wrote msg# 2255
Date:12/8/2006 2:43:30 PM
Post #of 2282
Looks like we should have a pps of around .07 if those are accurate numbers… Scottrade restricts buys on PDSC, and when they restrict, you can bet it is because there are shorts to cover and the pps usually rockets up.
I believe this poster to be quite knowledgeable. I cannot remember if Scottrade started restricting the trading of EQBM just before or after the move to .02.
What happened here? All my favorite buzzards are gone - Life in Oaks, Overachiever, Penny and Limoguy. That leaves IDS Watcher here to talk to himself. Poor guy.
According to the latest news, look for the Buyout of IDS to conclude in January. It is my understanding that this late closing is at the request of the owners of the PGRD shell. Looks like the day traders still have a week or two to trade the stock before it all comes to an end. Best of luck to all longs.
Scottrade told me yesterday that since there is no ex date, the record date 12-1 becomes the ex-date. Therefore, any trades of EQBM between 12-1 and 12-15 are for the EQBM shares only. Dividends and Warrants are not included. If this is true, that could explain some of the games of the MMs. Has anyone heard something different from Scottrade?
There appears to be little doubt that the MMs control the market. They can move the drive up or down at will. The idea that we have a free market based on supply and demand, at least in the pinks, is a myth.
Many on this board keep saying there was selling yesterday to explain why the price went down. Call me stupid, but I do not believe there was selling only MMs manipulation. If one of our longs admits to buying at the .013 level a few minutes ago where is the selling that made those shares available for him at that low price. If there was selling it is not visible to me. This is all being fabricated by the MMs to make it look like selling. The sad part is that the MMs are winning because many believe there is selling. IMO.
How long can the MMs keep selling shares at or near the Bid without ever buying any? All of us longs feel good because we are buying at or near the bid. However, any outsider looking in would swear that there was selling the last two days. There is no selling! All buying. IMO
Almost all buys at ASKED; very few if any sales. MMs keep changing Bid and Asked without any sells. How long can they keep up this game? Too bad the SEC/NASD cannot observe the MMs in action.
MMs are playing the same games they played yesterday. They lower the ASKed to .015 and got fills there and give they appearance that selling lowered the price from .017 to .015. Not True. ALL BUYS.
A LOI is an agreement to pursue the closing of a deal. It is usually followed by some due diligence to verify that everything is as it seems to be. There may also be some performance deadlines involved such as funding etc. How long it will last before becoming final? Probably no very long since the Companies involved are small without too much history to perform DD on. If the raise of Capital is a factor that could cause some time delays. We may never see the LOI so we will always be just guessing.
PLEASE HELP! Did you buy or sell within the last 10 minutes of the close? If so, please report back your transaction(s) from below:
0.017 12500 OTO 15:58:30 Buyer couchptado
0.015 50000 OTO 15:57:47
0.015 75000 OTO 15:57:44
0.015 50000 OTO 15:56:33
0.015 25000 OTO 15:55:19
0.015 99402 OTO 15:50:26
0.0155 100000 OTO 15:50:26
0.0165 20000 OTO 15:49:38 Buyer Derf1
Right before and after my buy at 15:58:30, I noticed the Asked was dropped to .015 several times. It is my belief that the .15 transactions above were acyually Buys not Sells. Just trying to fill in these transactions to try and prove that the MMs were deliberately dropping the Asked to make it appear that selling was going on.
Below are the last trades before the close. I bet all were buys at the Asked. Lets see if we can account for them. My buy is the last one for 20,000 shares at .0165 at 15:49:38. My Buy immediately followed three Buys at .017.
0.017 12500 OTO 15:58:30
0.015 50000 OTO 15:57:47
0.015 75000 OTO 15:57:44
0.015 50000 OTO 15:56:33
0.015 25000 OTO 15:55:19
0.015 99402 OTO 15:50:26
0.0155 100000 OTO 15:50:26
0.0165 20000 OTO 15:49:38
If one of the above transactions was yours please identify it. All I am trying to illustrate is that in spite of repeated buys the MMs kept lowering the Asked to make it look like there was selling when there was not.
All those last sales even the ones at .015 were at the Asked. Mostly buys again today. Very few sales. The MMs keep getting themselves in deeper and deeper and shorter and shorter. There will probably be an aftermarket adjustment to make up for the short sales today.
The MMs are going out of their way to drop the Asked inspite of buying. Just got filled at .0165.
Stop saying that. There is no independent audited verification. Get real. There has been no audit. The initial price has been set by Larry and has nothing to do with any audit. EQBM will go up without you adding something that is not true.
Warrants can be traded if a market (Symbol, CUSIP, MMs, etc.) is established for the warrants. In this case that is not going to happen according to Larry. Can he change his mind and establish a market in the warrants? Yes. Will he? Most likely not.
Dont say that. You don't want to get the bashers excited. Just be thankful they are staying away. I bought 10,000 at the close just so I can follow it to see if I do get the dividend. I doubt it but would not mind being proven wrong.
Correct the market sets the price. However, if Larry is making the market here and assuning he is the only one with shares that will be selling into the market he can set the price initially. If he will not sell any of his shares below $3.50, then buyers/shorts cannot buy shares below $3.50. IMHO.
Larry had said previously that warrants will not be tradeable. I would like to see him change his mind. It is nice to have a quiet board again. Great work all.
That is the way I interpret it also. Buys today do not give you the dividend. If you Sell today you loose the dividend. For what reason would anyone sell today. Makes zero sense to me.
Probably low volume will be the case today. Considered buying yesterday but was not sure of the dividend situation. I still believe that this past Tuesday was the last day to get the dividend. With the confusion, why buy now? If anyone has positive proof that a buy today would result in receiving the dividend please let me know. One thing for sure is a sell of EQBM will result in the loss of the dividend. At todays .01 price of EQBM, the SOMA dividend should be worth much more.
It is not funny but Overachiever comments like those he is now making on this Board were instrumental in getting the Moderator over on the IDWD board to resign also. Something seems to be wrong with the system on IHUB. The moderators on the HSM Board seem to have a lot more authority in deciding who to boot off the Boards. The BS that went on today on this Board would not have happened on HSM. JR, if a Board was started over on HSM, we could all leave and let Overachiever stay here and talk to himself like he does in the IHUB IDWD Board. Just a Thought. You leave, we will follow.
In my conversation with Larry he had the NOBO list in his hands. Since my shares and my sons' shares are in Scottrade accounts in street name, I thought our names would not appear on the NOBO list. Larry looked on the NOBO list and found our names under Scottrade. He told me exactly the number of shares one of my son's had. Therefore I think you are wrong. You are really liking this arn't you? You raise all this type of crap on the IHUB board for IDWD and noone wastes there time responding to your crap. You cannot post this crap on the IDWD HSM board because they would kick your ass off in a heartbeat. Lucky for you IHUB lets anyone post.
In my one and only conversation with Larry, the SOMA situation was discussed. From what I gathered the 2004 SOMA dividend did go through - 1 share of SOMA for each share of EQBM owned. I got the impression that back in 2004 there were much less EQBM shares about 35 to 40 million shares. He gave me the impression that those 35 to 40 million shares from that stock dividend are the only shares now outstanding in SOMA. My guess is that Larry owns 80 to 90 percent of the SOMA shares. When Larry makes the initial market for SOMA it will be made using those shares. In a limited conversation it is difficult to get the facts 100 percent accurate. However, the above information is what I gathered from my conversation.
The 50 million or so shares you refer to do not need to be bought back. They are in effect sitting in the Treasury and can be turned back to the Transfer Agent and cancelled at any time. Apparently, these shares were intended for some deal that did not work out.
As far as SOMA trading that is one of the many things Larry has been working on. In his last PR he stated that trading should begin any day now. When it starts to trade I am sure that Larry will comer it in a PR. IMO
We are going to miss your posts when you go back to working for a living. Please come back and post when you can. Thanks for always taking the time to set the record straight.
You are such a lying scumball, how can you have the gall to call anyone a liar particularily JR. Someone needs to boot this person and his posts off this board. He is used to it. He has been booted off of boards before. He must get paid extra for each time he gets the boot.