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the problem there is that they are discussing the rules as it concerns shorting before an offering.
did you forget about the months worth of stock you had to eat through to get it to move? There was certainly alot of supply at .006.
Actually, it will probably be sold by the executor of your will.
probably when Guatamala wins a gold medal in alpine skiing.
yeah, blame them... geez
there are no stop loss orders accepted on pink sheet stocks.
where have i said pbls is a shell?
you never know, it might turn out that my slant was actually positive.
The client does not have to request payment. It is done automatically. The misconception is that book entry is an "IOU". It is not an IOU, you own shares and have all the rights associated. The IOU theory has been advanced by the NSS conspiracy theorists to help advance their somewhat knucklehead ideas. Now, if there are fail to delivers, those accounts will show as having a negative share balance. When the dividend goes ex-date, the negative share balances are debited whatever the dividend is, and gets recorded on the distribution date. And yes, whoever is short, whether legal or not pays out of their accounts. The positive share balances are credited, the negative share balances are debited. EVERY SHAREHOLDER GETS PAID...
i have no idea if they did a PIPE. Personally, I would doubt that they did.
I will not answer your second question.
please explain how you come to the following conclusions.
1)-A cash dividend AUTOMATICALLY wipes out any FTD or short
I have been short several dividend paying stocks, and all that happened was I was responsible for paying the dividend. The same will happen on fail to delivers.
2)brokers scrambled to
cover the shares in street name by real certificates,
in order to receive the dividends from the T/A through the DTC
if a broker scrambles to cover, that means when he buys shares to COVER his short , he then has no position, he is flat. he gets no dividend.
your statement is loaded with misinformation.
that opinion is dead wrong. A dividend must go to all shareholders of the class of stock to which it is declared. being in street name or in certificate is immaterial. I bet you have me ignored, huh? .
actually ALL shares are to be rewarded. real or not, If you are short, you pay the dividend.
if they were so willing to pay $3 million for 100 million at .03, this should be easy, unless they planned (at the time of the certed buyback)to sell into the market a .03+ then buy back at .03.
A dividend would serve three purposes.
1) allow the company to get a real grasp on the # of fails to deliver
2) cost the fails to deliver actual cash to continue to hold their fails to deliver, and may cause them to cover.
3)give something to shareholders. It would be the best pr they could do, and would prove in my mind that they are serious, and not just a hyperbole machine.
i do think there are nss. I have no idea to what extent, and what the motives are. For example, as a MM, I (not that I am a market maker, but go along with the assumption) make my money by filling trades , both buys and sells. lets imagine I make market in pbls, and in order to get busines, it would be wise to fill the order I get, so that when other trading desks come to me for an order, they know I will fill it for them, OTHERWISE THEY GO ELSEWHERE. So, in order to create business for myself , i am both low offer and high bid. Say for example, on one day, i get buy orders for 4 million shares at .01 which I fill, because I want repeat business, and buy 2 million at .0095. I have made a $1,000, and I am short 2 million shares. the next day I do the same. the third day , the stock goes down to .008 to .0085. I am now short 4 million shares at .01, and have an 8,000 unrealized gain as marked to market. If you have 10 market makers in the same boat, you can see how 40 million shares can be considered fails to deliver relatively innocently, and thats just for a small period of time. Conversely, as the stock goes up , and you are marked to market, the head trader , or someone who cuts your paycheck says, "cover that short, its screwing with our net cap requirements" or something to that effect, and if they all do that at once, you get a short squeeze.
As long as the stock is going down, there is no need to cover.
Just remember, the MM's arent out to "get you" , they are not neccessarily evil and acting in concert with other MM's, they do not send secret signals.
I think I know one of the geologists that worked on those properties from some deals 10-15 years back, The name sounds way too familiar. Gotta look into that, see if he's one of those pay me alot and I'll say alot guys.
I do believe I am on record as saying that the next move would be to .012, on a technical rebound... (pats myself on back)
that nevada property is a very very tough drill. Real deep (11,000 ft plus, I think),and not a great chance of hitting the oil. Its in an area that has a number of narrow, deep reserves that are tough to find, but if you happen to hit one....
that can only be done on marginable securities.
there is certainly money coming into the stock, I just highly doubt it is institutional.
everyone has a right to question, and I, and the person who I consider a shill, has the right to either answer or not. Anyone can have any assumption they want about any posters motives and agendas. One thing I have found is that trying to figure out someone's motive is generally an excercise in futility. So don't take my shill statement so seriously, he/she might be, and she/he might not be. i might or might not have the agenda you think I have.. the end result is the same, absolutely meaningless.
if a company decides how and when they release news based on fear of shareholder reaction they are truly amatuers. Thats why there is reg FD and disclaimers on every announcement. Everything a company says is always basis for scrutiny. get used to it.
be careful with that thomson stuff, that site has no idea if there is an institutional buying or not. Institutions do not identify themselves as such when placing orders. What Thonson does do, is identify larger than "normal trades and assumes it to be institutional buy.
Any institution that buys a pinkie needs to be institutionalized.
one who believes everything they read, belives everything they read.
my major peeve is that they waive the banner of being a multi-million $ revenue company, but in NO WAY act like one.
i have no idea if there are fails. I would think there are by watching it trade, but i have no idea how many , or who, or more importantly, their avr. price.
no can do...
i posted that as an example of how silly it is for people to think they have any idea of what the nekkie short position is.. the only way to really know is to declare a quarterly cash dividend, and see how much the shorts have to pay, by seeing the funds go through the transfer agent. It is very simple, yet seems to be beyond the comprehension of the IR guy and management. I already have made my opinion on this clear to the powers that be, and they have ignored it, also adding to my anger.
alot of the time the fails to recieve don't even know they havent recieved the shares, since it is book entry. although my firm now posts stocks bought and not delivered as notrecby (firms initials), of which pbls is one of them.
the trades all go through a MM, but the MM probably has no idea if it is a fail to deliver or not,they just process the trade, although the clearing firm would know once the shares hasnt been delivered.
you are giving MM's way too much importance, they're just a bunch of hacks that are trading #'s. they're basically day traders trading with the firms money. You guys totally overestimate them.
nah, i was only joking on that one.
ordering a cert has nothing to do with a market maker.
the naked short position is 483,945,000 of which 104,048,000 is mine.
not at the moment....
and who is to say that they didnt have the order that later cancelled? . There have been times i have shown a large bid, started to get hit and moved my bid down, in order to get a better fill for my client, is that manipulation?
and how would a MM manipulate a level II? in case you do not know, all calls in and out of a trading desk are recorded, and subject to nasdaq surveilance.
the bid size that is shown is absolutely meaningless. In the pinks, you are not required to show your bid or ask size.
that was one of my biggest peeves with them, their announcements were littered with hyperbole, and was written in typical pink sheet fashon. If you want to be treated like a company with 250 million is revenue, ACT LIKE ONE.
btw, those "working agreements" between brokerages and MM's are not in writing.. and, even if the "preferred" MM is not on the bid or offer, they still get the order. If the Pref'd MM gets too long or short, they hit the other MM's bid, or Take the other MM's offer. (YOU DO NOT "HIT" AN OFFER, YOU "TAKE" IT)