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The other day someone found a filing for Cornell WArrant to purchase like 30 or 50 mill at .03 correct?...
not to mention no one knows how much they had left from the first go round..just becaues they might have converted enough to be finished doesn't mean they ever sold that many...
also wasn't there an agreement to replace a warrant to purchase shares at like 1.00 to replace that with 20 mill back a month or 2 ago?...something to do with Highgate
With all that out there..could certiainly be Cornell...
imho
mj
I would guess they don't wanna slatter it out all over the place during the day but find a price a MM will agree to..and get it all done in a few trades...they can do it at the low ,,because if they were the same as the shares they were previously converting..they get to convert shares at 85% of the lowest closing bid for a 10 period..so they are getting the shares well below what they are being traded for,,so they can use a good price to lock up a MM and still make a nice profit of them,,,Im by no means an expert but learned a little reading the old posts of the longs when they used to really post on this board,,and not just drop in every few days...Read back the posts of CND kid and stevo51 redsox lowtrade back a few months ago,,some very good DD and number crunching was done...check the charts for the price range of .0065 to .0048 area it lasted a few weeks..then check some posts from that same time frame...some very good posting went on back then about cornell and how it should play out...Back then,,they were Spot on.. and it looks to me now to be exactly the same...
imho
mj
Schweet welcome back.. I honestly couldn't figure out why u sold in the first place.. well maybe to get some profit i could see,,but not all your shares..
mj
Stevo when did you buy back in?..i thought u stated you were out and not trading anymore till the start of next year?..
what did i miss?
thnx
mj
I could be wrong..but i have been following along quite a while now..it looks just like it did at .0065 to .0048 Cornell dumping blocks...just like then,, there was a MM to take those shares on..then we moved up... Here we have a MM willing to take 15 million or so at .02 ...so maybe more do get dumped because there is no way of knowing how many they have left that have been converted but not sold...But the MM that just bought that lump at .02 believes they will be worth more..and I'd guess in pretty short order...
imho
mj
well even if the deal is done in Sept..and the 4 day rule you all talk about applies..the deal could be finished on fri..might not be 8k'd till wed or thurs of next week...however i wouldn't expect tom to wait that long to file...has anyone checked the delaware site for any filings for wisebuys
mj
yeah ,,maybe they are just practicing..lol
mj
was noticed by most I believe..that was pretty big chatter last night...hasn't been talked about too much today..which is probably good...I haven't read all posts from today..but I think he's been trying to sell off remaining shares...
mj
Nada...
mj
so is everyone holding their breath or what??
no posts or trades.. :)
C before the S ?
mj
just having some fun...my AMTD streamer was showing .05 at the ask for about 45 seconds..
mj
LOL same here...party over here..!!
mj
Pinky?
mj
Well furio ..if this does get completed..it won't be the end of the story..just chapter 1...you might have to be here years to see the story to completion...imho...
mj
by looking at l2 its almost like they want to start moving this up..only no buyers to start the momo...imho..a few decent buys and this could get interesting in a hurry..
mj
About Seaway Valley Capital Corporation
Seaway Valley Capital Corporation was formed in 2002 and makes equity, equity-related, and debt investments in companies that require expansion capital and in companies pursuing acquisition strategies.
the way this reads it sounds like seaway does already have some ongoing business other than the Wisebuys/Hacketts deal...the words "Makes" was used instead of ,,intends to make or will be making...maybe they don't have royalties or yada yada...but they probably have some cash on the books from some of these transactions..This started in 2002...Anyone whos read my posts knows i'm not a pumper..i do as much DD in the short time i have each day..but could you imagine what the market response might be if they have a Substantial amount of Cash sitting there on the books waiting for this IPO type debut....Geez..let alone a substantial holding of equity in another company...Didn't SEaway loan money to one of the GS companies??..or am I mistaken..I thought i read that somewhere on here...if they did..where'd they pull that out of???>....
imho
mj
hmm i see.. just trying to make sense of the mirrors...Wish i knew someone that works for one of these outfits that could give me an answer....anyone out there know anyone that works for any of these firms?..I mean it seems like they are trying to keep the price supressed with the sells right after the buys..just seems strange to me...
mj
IF anyone here as a firm understanding of what these mirror trades are all about..they seem to show a sell immediately after a buy as if they are trying to keep the price going down...Is that what is going on?..
or is it mm's covering a short in order to fill someones buy order?...cause it seems odd that alot of times the trades are the exact same size ... seems like that type of manipulation is just to obvious to hide from SEC or annyone else..thats why i'm thinking its something else...does anyone here have any educated ideas on this??....
tia
imho
mj
Has anyone crunched the numbers to see how many shares would have to be converted at .02 or so to fulfill the rest of the original Cornell Debt?...apply some of those shares to that...
and also didn't cornell agree to swapping a warrant to buy shares at like a buck,,for 20,000,000 now ???>....add those on...
and then see whats left over after those 2 things...Cause we knew those were coming...
any number crunchers working today?>.lol
later
mj
has anyone checked out the Delware website to see if there have been any filings made there yet?..i'm not sure where to look..or if day to day filings would only show up in the 10 or 20$ section...
CD you know anything about these filings yet?...
you seem to know your Ch*t
imho
mj
Yes and that it also adds validity to this whole story...
good luck
mj
Yeah,,just using the time it took for for wisebuys audits to use as a guideline since they put out that PR before the Audits for hacketts were started...would sometimes rather use similiar examples as opposed to dates put out by companys..more times than not those dates get pushed back...but with this it adds up time wise..so yea now i'm good with the Nov 30...
:)
mj
So its looking like probably mid to late Nov for Hacketts??..just to get a rough time table...
I believe the Wisebuys audits took about 1.5 to 2 months..from the start of July to Aug 31st correct?...
imho
mj
I watch it about once every 2 weeks...
"Anybody who says that money is the root of all evil doesn't F'n have any." LOL
mj
heck i think spea was a matter of weeks to months...
...
mj
I totally agree with you...If this one goes thru legit and proceeds with the business plan,,this would have to be one of the most amazing stories I have ever seen on a penny stock/merger play...the majority of legit mergers come and go up so fast most people never hear about them..its usuaully the ones on the message boards being pumped that turn out scam...and now because of that fact..most people are almost scared to get in this one because it seems just too easy...
Again if this all goes thru clean...I will very much look forward to shaking Toms hand at the first shareholder meeting..I have never seen a CEO come out with the character/transparency he has and complete the task...Rufis Paul Harris came across like this..only we know what happend there..
mj
IMHO there won't be much of a wait..I believe Tom wants this done asap for his sake ..and shareholders.. He didn't have to release this update..but he is holding the shareholders hands thru this first acquisition..In my opinion when DAn & MCK are finished an 8k will come shooting thru the wires...I'm not worried about any 4 days...
imho
goodluck all
mj
I beg to differ..penny traders today have been hornswaggled too many times and they doubt everything..why do you think otcbb is great for trading quick ups and downs..Why do you think the stock hasn't moved without an 8k?..if everyone believed this would have moved just on the PR with #'s the other day.. regardless of what any mm's could do to stop it..but that 8k represents proof to most..atleast imho...I mean if everyone believed.. with this stock at .02 i think there would be so much buying pressure that mm's couldn't stop it if they wanted to...either way,,i just figured this video might ease some fears of some newbs..i've been here a while..(from well sub penny)..and I haven't sold one share just to let ya know where i stand..
goodluck..
mj
http://www.wwnytv.net/72k/new-full-story.asp?uid=12452&area=home+page&ss=WiseBuys
scroll down,,click play..
a little news video that might help some newbies believe this is no scam..
from sept. 28 2006
imho
mj
Could someone please post how the current fiscal year runs for these guys..if I'm thinking right they filed for a change in fiscal year but I'm not sure what that was changed to..
And in the Pr they stated something about Wisebuys having to file a change with the State of Del. ..When this filing is made will it show up immediately on the Del Website for free..or do current updates only show in the 10 or 20$ sections??>.
thx
mj
Absolutely...
Looks like selling drying up...
whos to say that alot of these trades at the bid aren't buys?...
I'm liking this so far today...take the emotion and same day traders out..cooler heads will prevail imho..people will start to grasp what is happening here..I'm very tempted to take a day trip to N.Y. to step foot in one of these stores to see exactly what they offer..Its a shame that so many penny traders have been taken on other stocks that they are afraid to put money into a company that may very well be one of those pennys stocks to dollar stocks in less than 2 years...Scammers have killed this market...not saying you can't make money on the otcbb with flipping and scamming but I figure less than 10% of traders on OTC pennys are long termers looking for an investment...most just trade and get out..This will be interesting if it pans out..Hopefully we're not being taken for a ride on this one...but I can't say 100% one way or the other...All I can say is i'm in either way...haven't sold one share since buying at .0062
IMHO
good luck all
mj
No problem at all...I'm just trying to make some sense out of all of this...
mj
LOL I"m not bashing..and I also didn't say 1 NAME...now please read and try to comprehend before responding..But ok since you mention a specific poster..does it seem odd to you that all at once he just drops all or the remainder of shares a week or 2 before an 8k comes out that will give much needed credibility to this whole story which he has been a major supporter of for the last few months??..read his posts from DAY 1...doesn't sound like someone ready to bail at all...
imho
mj
EArlier someone mentioned that the posters closest to the company have been in hiding today...does it seem possible that maybe they have been Gaged by Tom or SWVC to stop releasing info in such a public manner??..not sure why this post was deleted earlier..but this seems like a possibility to me...maybe they don't want anything out there that could potentially raise red flags ...
imho
mj
1.4 million went thru seconds/minutes after the bell at .028 ...
hmm interesting...
mj
confused here...
Stevo you have sold out completely??.. finding that kinda hard to believe but ok i'll buy it...
mj
seems like alot buying just after the close..what are the odds there are no trades at .028 for the last few minutes..then right after the close a million or more shares come thru at .028,,,could they actually hold these buys up to get the close under .028..??..then let them all go thru after??.
????
mj
depends I guess.. but I have seen gaps in the past on these mergers that never get filled...usually happens to the mergers which are legit and have potential ...
mj
looks like the first hour of a good day to me...
imho
mj