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What kind of DD is it? Just stuff taken from PRs and the website.
With the public float going up... is that a sign of a short?? Sounds like it to me if PAIM isnt selling or dumping shares and neither are the insiders... hows the public float rising?
You need to inform yourself about the private placement.
This is giving retail investors money away for a 1/10 of what these could have been sold for?........
If the company had sold that much on the open market, the stock price would have tanked, just as it did when the PP investor started selling.
GHLT soared on the promotion; its 52 week high was 9.44, and I believe it went higher than that intraday. Absolutely crazy. It closed today at 2.05, and there's no reason for it to be that high.
Yes. I don't get many promotions in the mail, but I was rather surprised to recieve the glossy flyer for GHLT, so I took a look at the stock.
More recently, I've been getting tons of spam for LITL. Now that's an interesting story. The company's been advertising non-existent products since 2002, and now appears to be appointing a lot of non-existent officers.
Try here:
http://news.google.com/archivesearch?q=janice+shell&ie=UTF-8&oe=UTF-8&btnG=Search+Archiv...
lol, I didn't know about the wife of the Falcons' coach.
There should be more out there, though you'd have to have a subscription to get the stuff from the WSJ archive.
So do I.
Yes, that makes sense. It's basically a country dish. Of course "table wine" in France tends to be far better than what one can get for a reasonable price here.
Never heard of potatoes being added at the end, but as you say, these recipes vary regionally. Where are you from?
Yes. They've been under investigation by the SEC since late 2004. Probably by now other agencies are involved.
Go look for them. I've been quoted by Lee Webb several times fairly recently.
lol, I'm still laughing about your (now famous) George Carlin post.
I have neither the knowledge or education needed to compile such an article in a cogent fashion.
Simple, factual posts of the kind you describe just don't work. At least not on most of the "True Long" types. They just say you're paid by Shorty to dream up such stuff. Geez, CMKX even got an article in the New York Times, and the True Longs' reaction was that the guy didn't know what he was talking about, and that the article was yellow journalism at its worst.
In my limited experience, those who continually pump after all is demonstrably lost are simply trying to recover their losses by unloading their shares on the unsuspecting newbie.
lol, you can't ever have taken a look at the various RB CMKX boards. Most of the people who post on them left reason behind long ago.
LOLOL!! You're wicked, Derf.
Would you serve it with fried croutons?
Unfortunately it seems that nearly all newbies to investing and to the online world of finance encounter a great deal of nonsense about NSS, evil MMs, nasty bashers, wicked shortsellers, and the allegedly complicit regulatory agencies within 24 hours of their first effort to do some research.
And--at least if their primary interest is penny stocks--they believe every word of it, and never look back.
What public interviews have you given Janice?
I've given lots. This is the result of one:
http://money.cnn.com/magazines/fortune/fortune_archive/1998/10/26/250019/index.htm
There've been many more: in the WSJ, Money Magazine, Online Investor, Investors Business Daily, and so on. I also did quite a few--print, radio, television--as an art historian.
Sheer insanity.
As a matter of fact, I happened to look up some recipes for it not long ago. I'd always thought of it as being made, essentially, with beef, bacon, good red wine, small onions, mushrooms, and herbs. To my surprise, I learned that traditionally it also includes chunks of carrot. I think that'd be a good addition.
Here at two recipes that I saved:
http://www.cooks.com/rec/view/0,1726,148183-225200,00.html
http://www.epicurious.com/recipes/recipe_views/views/104754
How does Delisting to another exchange ot the OTC protect shareholders????????????????????
Maybe he thinks that if he moves to the AMEX or the Pinks, he'll avoid a Nasdaq investigation.
You'd think the Nasdaq would do background checks, but I guess not.
He did indeed. There used to be a photo of it at the company website, but probably they've taken it down given that they're delisting.
That means PP players (private placement or PIPE) have plenty to sell and are selling into the strength of the PR with the help of their spam-mailing as well.
Yeah, and it's entirely possible that those PP "investors" are European. It'll be easier for them to dump now that LITL is listed in Frankfurt.
Probably worse. For penny stocks, listing on a German exchange usually turns out to be a very bad thing.
AND--this time--get listed on the Nasdaq Global Market. AND get to ring the opening bell...
Yep. And for awhile there, he was enjoying a great success.
How're ya doing, Tommy?
Why would a Ceo sell 2.6b shares for a million at the buyback knowing the pps would go up?
To get cash money.
As I said, I'll check it out. But he did say it; I was struck by it because I'd never heard it before.
That's his fault. Anyone who's ever written a book knows it can't be done in four or five months.
Add that to the an amazing distrust of Government/Authority at all levels amongst many. (which is very obvious in the case of CMKX longs) Obviously, there is a difference between a healthy distrust and a complete disdain.
Couldn't agree with you more...
I think it was part of that disgraceful "interview" he did with Acca, Willy, and Melvin. I'll take a look around, but not tonight.
I was surprised, too.
Naked' stock tactic blasted
"Crooks," "scoundrels" engage in naked short-selling, some claim. The SEC eyes new rules.
By Will Shanley
Denver Post Staff Writer
Article Last Updated:10/10/2006 02:59:43 PM MDT
Dozens of investors, small public companies and elected officials across the country are raising questions about how the U.S. Securities and Exchange Commission regulates a controversial investment strategy called naked short-selling.
"Stop these counterfeiting crooks," Dan Heilman of Golden wrote in a Sept. 15 note to the SEC, according to the agency's website. "Anybody who thinks that naked short-selling is (acceptable) is probably being paid by the crooks."
Wrote Bonnie Lavoie of Lakewood: "Without exception, you are being admonished to do right by the small investor and quit protecting and or profiting from Wall Street scoundrels."
Some Wall Street investment banks counter that additional regulation would disrupt the market and make short sells more difficult. They also argue that naked short-selling affects only a small swath of companies.
Short selling is when an investor borrows a company's shares from an investment bank, sells them and hopes to buy them back at a lower price. Naked short-sellers do not actually borrow the shares, which can cause an imbalance in the supply and demand of shares and result in a decline in share price.
The practice is regulated by the SEC. But critics say the tactic is rife with abuse if short-sellers are intending to profit by artificially depressing a company's share price.
"The interests of abusive short-selling hedge funds must not be placed ahead of investors and employees who often depend on these companies for their livelihood and retirement," wrote state Rep. Joe Stengel, R-Littleton, in an Aug. 19 letter to SEC Chairman Christopher Cox.
Naked short-sellers often target companies with revenues below $200 million or speculative stocks such as technology or biotech firms, whose share prices can swing wildly.
Denver-based Vyta Corp., formerly known as NanoPierce Technologies Inc., was part of a failed lawsuit against the Depository Trust & Clearing Corp., which settles equity trades in the U.S. The lawsuit, decided in 2005, alleged that Vyta's share price was hurt by naked short-sellers.
On April 10, Denver-based Metre tek, which sells commercial electricity-backup systems, was added to the American Stock Exchange's list of companies possibly targeted by naked short-sellers. The company was removed from the list July 25.
Phillip Marcum, chief executive of Metretek, told Bloom berg News in August that there "ought to be severe penalties" for naked short-sellers. Marcum was unavailable for comment Monday.
The SEC is considering toughening Regulation SHO, a slew of 2004 changes aimed at curbing naked short-selling.
Possible changes include shorter settlement deadlines of naked short-trading and mandating greater transparency for hedge funds, said Peter Chepucavage, a securities lawyer who has worked at the SEC and is now at Plexus Consulting Group in Washington. Chepucavage, who helped write Regulation SHO, said new rules may come within the next six months.
Join The Denver Post's online discussion about naked short-selling.
Staff writer Will Shanley can be reached at 303-954-1260 or wshanley@denverpost.com.
Which client, do you mean a shareholder or owner of the private placement or broker who happens to have a reason to. I really don't think you or anyone else other then the seller and VFIN know for sure.
Obviously I don't know who the client is. But there is a client, and it makes sense to think it's the PP "accredited investor".
thanks Janice, can you explain a little bit
of your truthful opinion about PAIM, and the PR
we are focused on.
Well, briefly, I'm more than a little skeptical of PAIM's claim that it'll produce 10 metric tons of gold anytime soon. Seems to me unreasonable to make such claims unless you have more information, and a more sophisticated operation, than PAIM does now.
In addition, I'm appalled by Pearl's behavior yesterday. She's a loose cannon, and not a good company representative.
LOLOL!! But seriously, I don't think they are. They're a pretty diverse group, geographically, culturally, educationally, and so on. One thing they have in common, I think, is that most are older rather than younger; I'd say most of the remaining True Longs are over 40, many over 50. But that tends to be true of the financial message boards in general, contrary to what one might think.
All who bought into this story are perforce unsophisticated investors. Unfortunately, they've shown themselves unwilling to learn anything at all about market basics. It's so much easier, after all, to buy into the NSS nonsense, as your CEO dilutes insanely.
Here's what I find extremely disturbing: back in 1998, when MTEI went down, shareholders understood what had happened. When the SEC suspended trading, they GOT IT. When the company closed its doors two weeks later, they GOT IT. They realized, not without considerable pain, that they'd been scammed. The didn't dream up absurd "NSS" or "settlement" theories, they didn't blame the SEC; they accepted what had happened and tried, without much success, to go after the perps.
What's WRONG with these people today? Cognitive dissonance? WHY can't they figure out what's happened? It certainly isn't for lack of evidence.
How can a company be reducing shares and adding shares at the same time?
As you've seen, it's easy. And it's commonly done.
I think you're right.
In your dreams, Howard. Don't forget that I helped with the investigation, starting long ago. So did others here.
btw, it's "Hughes".
It's obvious he doesn't get it....and he's siding with the naked short sellers on this one.
What an imbecile. I hope Shanley at least got a good laugh.
Huh? I'm afraid I don't follow your reasoning. I didn't exactly go easy on Faulk, who is also a CMKX shareholder. He accepted the Party Line just as all the True Longs did, until very recently.
There really is NO excuse for anyone not to have figured out what was going on by the time of the revocation hearing at the very latest.