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Share Structure 101
I thunk I thought I knew that...??? I"m not even a NEW
investor in this market (pink/bb) and I find myself confused by this
much more than a seasoned investor SHOULD be...
Is Form 144 the only form that has to be filed, or should I say,
is it the only way that shares can move from A/S to O/S ???
I'm more currious about the timing of this...is this the ONLY
way that the Autoraized Issuer can put NEW O/S shares on the
market ? (They HAVE to be REGISTERED BEFORE they are used ?)
I read recently that changes to the 144 rule will help us in that
it will restrict the way that Restricted shares are issued, but
after reading the change, I'm even more counfused about how to
figure this very important aspect of DELUTION.
Thanks for any feed back.
catman...ISYA
PS...I mention AUTHORIZED ISSUER because, AS a seasoned investor,
I realize how foolish it is to even calcualte share structure
when you factor in ths SHO list, and the ability of the market
makers to CONTINUE to be able to DELUTE any pink/bb stock with
CONTERFIT shares without ANY real risk of prosicution...I'm only
trying to figure out the HONEST ones here...the criminals appear
to be EVERYwhere ! LOL
By AUTHORIZED I"m assumig that it's only the Board Members or
other members of the board, ie, CEO, CFO, who are authorized
by charter to do so...
AND, I'm assuming that they have to FILE that 144 BEFORE they
actually start to dump shares ? SOME have to get a vote from
the shareholders and some don't, BUT, I THINK ALL of them are
SUPPOSED to FILE BEFORE, but...here again...I'm unsure of the
legalities.
PSS...I realize that delution can happen other ways through the
Form 4's and the registration of restricted shares, ect, BUT,
those forms of delutions are all taking place OUT of the O/S.
I'm basically concerned about shares moving OUT of the A/S.
Sink youy teeth into THAT one why don't ya ?
OH..I"M NOT to old...but my knees are. eom
CLBE...Pre 14a eom
MY GOD/dess man...
what a wave.
If I had those kind of balls I wouldn't be sitting
here every day...well...there was a day when I had
those kinda balls but that day has long past for me...
LOL
catman...ISYA
PS...Well...as long as we aren't ALL wrong and
it tanks on us...JUST kidding. This one could
really go either way but, SO FAR, every time I
was able to buy in below .11, I've been able to
make a buck.
GLTUSALL
PSS...happy if I can make enough here to see a
two foot shore break on my old long board again ?
Ya never know...until I read that SOMEONE else has
that L.B. contract, I'll fanasize about catchin that
wave in ARUBA !!!!!
PSSS...an old Hawaiian guy told me once, after he
had heard enough of me going on and on at how
"bitchin" double overhead waves were...
"it's not the size of the wave,
but the consistancy of the tube"...
it's been YEARS since I've even seen my quiver, up in
the rafters of my tool shed, but it's funny how many
things in life that applies to, besides waves.
I reentered with a starter position @ .105...
but I'm already having buyers remorse.
I have my GTC back @ .095 but I also have my
stop loss set @ .085. I figure if it drops
below that...it's sub penny time.
catman...ISYA
PS...good luck with it wowsa, our strategies
are not the same but if your long term view
works out, that means my short term view has
too.
CNXT...Can't figure out what I'm missin here...
I went all through their 8k tonight and for the life of
me I can't see where there numbers justify this low a share
price. They have to service a pretty large debt but appear
to have the earnings to handle it...they basically broke
even this quarter and expect the next quarter to be weak
as it historically is for them...
STILL...
Assets = 985.969
O/S = 492.363
PPS = 1.96
I guess if you factor in the debt load of 605.0 the pps
is still above the current trading price of .69 @ 76.9
I realize that T/A is the main focus here but I just can't
ignore the fundamentals, but, even the chart looks pretty
good to me with a nice double bottom already in place here.
I'm not pumping this one by any means, I bought into the
strength here last week @ .75...the fundies have made me
a lot more comfortable with my current position, so I guess
I'm left with trading this one out based on how the chart
plays out. This was a bottom play for me...the mac crossover
got me interested and it's continued climb has kept me in
this one despite the drop I got within MINUTES of entering
this !!! LOL...
I guess you just can't ignore the debt when calculating
valuation but considering the sound fundametnals here, is
that debt load enough to justify the current pps ?
Feed back from anyone familiar with this one would be
appreciated...as a matter of fact...any feed back at all
on this would be appreciated.
catman...ISYA
PS...I'm still tryin to find a happy balance between
crunching the numbers and trusting the T/A skills that
I'm tryin to master...as futile as that may seem to me
now.
One in the hand beats two in the BUSH...
Donald Rumsfeld briefed the President this morning.
he told Bush that Three Brazilian soldiers were killed in Iraq.
To everyone's amazement, all of the color ran from Bush's face, then he
collapsed onto his desk, head in hands, visibly shaken, almost whimpering.
Finally, he composed himself and asked Rumsfeld:
"Just exactly how many is a brazillion?"
catman...ISYA
PS...I thought that's how much we are all supposed to make on...
MOSH ?
PDEP...and today makes for a...
TRIPPLE TEASE !
catman...ISYA
PS...Deflation...good in the long run.
Creating lots of buys down here, me thinks.
I sure can't find much fault in what they decided to do with the cash...
from an "investors" point of view, this is a nice development,
which should, in tern, create the kind of stiuations that traders like as well.
catman...ISYA
PS...I'm no longer following this company very closely, I'm
out and don't expect I'll see my .09 now. I've yet to
crunch the numbers on this deal but anytime that you reduce
the O/S AND increase the companies assests by reducing debt,
you many not see the PPS change but what I call 'fare value'
definately comes up. After the last quarter it was around
.04 or 5 as I recall...any improvement on that has to make
there long term investors happy.
GLTY'all
PDEP...not on this weeks chart but...
it's been on the list before and I noticed a NICE
patern set up after the close on Friday. Bill's
students will notice it right away.
catman...ISYA
PS...the best complement that one can give a teacher
is to...learn.
Ok LG, if that's the way ya feel about it
then I think that you are doing the right thing.
I'm a firm believer in being comfortable about
your investments, in fact, it's the leading indicator
for me when I comes to selling out...when I'm in
DOUBT, I sell out !
GLTY
catman...ISYA
PS...ya know...just for your info...you can start
YOUR OWN BOARD here on Ihub...I'm sure if you are
not happy with how this board is moderated that Matt
would be glad to help you get started. Then YOU
could be in control of the flow of information.
Maybe you can call it the DOWNSIDE board ? Don't let
ANYone with GOOD NEWS post !!
LOL
PSS...if it helps ya any, not that I know much,
the downside here is like it is on ANY investment..
PXD can win and MOSH will be strangled into bankruptcy.
Basic investor math will tell ya that .356 is FARE
balue of this company...Assets divided by the Units
will tell you that. I share your fear with regards to
the court decission and were that the ONLY reason to be
"all in" here, I most likely would NOT BE. HOWEVER,
I do believe the courts will be FARE with regards to
the assest that this comapany DOES control...and I'd
be DELIGHTED with this investment if we just get
what we ALREADY OWN back from PXD.
Becuase I believe in the Justice system we have in
America, yes it's NOT perfect, that's why I'm NOT
EXPECTING $15 a share, even if DREAMING ABOUT IT
IS FUN...but wouldn't you be happy to see three
bucks a share from this level...
heck, I'd be happy with .64 a share, I'll take a
double bagger in two months ANYTIME !!!
What ever you decide...GOOD LUCK I hope you are
happy with how it works out for ya.
NO SALES ?..everyone's out of cash man...eom
Tell the truth keywest...
You want cheap shares or you work for JPM ?
LOL...just kidding.
catman...ISYA
PS...but really, which is it ?
clear as air on it now KING..thx
I can only speculate, but I would GUESS that it
will be up to the judge, not JPM.
It looks like the JPM issue is that they have a
conflict of interest with PXD, if I'm not wrong
about that ?
That's what confused me, is why they had to change
Trustees to begin with ? Urlich told me that some
'big shareholders" had complained about it.
I shouldn't THINK that would exclude them from
any testimony.
BUT, I'm not a lawyer, have no eyedeer really how
that will wash.
KINGS point is well made with regard to the MAJOR
holders...those fund managers are lossing a BUNDLE
on this NOW...they will want it GONE LONG before
it hits CNBC and ALL of the people who they represent
call them SCEAMING about it !
Their jobs are on the line...to be sure.
catman..ISYA
I beleive, it's just a matter of time before this hits the
major media...1.5 billion should have made news already, IMO...
but...when it DOES...it's KRACKATOA TIME !!!
catman...ISYA
great post vole...one of the clearest explainations that
I've heard yet...this is the same basic info that I got
from Mr. Ulrich, it became clear to me that this date
yesterday was just a proceedural issue with the Trustee's
but I was confused as to the details. It's trading
at basic valuation when you divide the assest by the units.
Personally, with a blockbuster decission coming at any time
I'm holding for the time being, despite the fact that we
won't likely see ANYthing until next week.
I can't imagine that it will be very easy to get in once
that ruling comes down.
GLT us all.
catman...ISYA
PS...from my point of view, the BONUS of a big judgement
would be GREAT, but what I'd be HAPPY with is a return of
the royalties and a MGP that will pay us what we have coming
in the future.
I'd clear enough for a new set of sails...no body sez I have
to FLY down to Aruba.
PXD continues to sell off today...eom
HEY KING...the DECISSION IS IN !!!
We're going with spagetti for dinner tonight !
catman...ISYA
PS...and tomorrow will be as fine a day to head
to aruba as yesterday.
I don't know about y'all but I'm ready for
the JANUARY RALLY !!!!!!
catmaniac
PS...see everybody in aruba after we get our
15$ from MOSH !!!!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHHAHAHHAHAHH
PSS...if cnxt doesn't move now I'll bend over
backwards and kiss myOWNwazo.
oh yea...did ya hear Bernannke stumble over the
R word...it's coming to be sure.
Buy and sell is the key...the commiecrates are going
to CRUSH the oil industry...they have already SAID
they were comin after um...why else is the WHOLE
sector selling off HARD in the face of the highest
oil prices of all time and goin higher ?
GLTY
PS...the end of day looked pretty good here...I think
you may be onto something here as the shorts cover into
this Jan rally...for however shortlived.
I agree, good company that is very oversold...
I'm just more comfortable with waiting for a
bottom formation before jumping on board here
and I haven't seen one yet...soon maybe.
GLTY
PS...remember the market big boards are imploding
and ALL the penny stock/small caps are getting
crushed across the board.
Watch the dow...when it turns...
oH..excuse me...IF IT TURNS !
LOL.
PSS...I don't think this market will be "safe" until
09...aren't YOU worried as hell about the commiecrates
and their PROMISE to tax the HELL out of the "wealthy",
who every they are, AND all the "evil big corporations" ?
ESPECIALLY the OIL COMPANIES....when they get hurt,
DEEP will bleed too.
just my opinion here...I'm no soothsayer to be sure...
but increased taxes will kill us.
I support McCain but realize that MORE WAR will kill our
markets too..
Either way...lots of rocks in the road ahead.
I'd just like to point out to y'all...
this ENTIRE move started the day after this
post that I'm responding to now...other than
that...
NOTHING ELSE HAS CHANGED.
and yesterday was SEVERAL days ago...slmost a
week now...or haven't you noticed that the momo
is reversing as a result of the lack of actual
NEWS ?
Speculation isn't worth much in this market environment.
POTENTIAL future earnings, even LESS.
GLTY'all
catman...ISYA
PS...not making anything but observations here.
PSS...let me put it this way...I have not moved
my GTC up from .095, which, I might add is TWICE
what the company's own filiings show as far value.
PSSS...there was a time where I'd have added heavy
@ .12 when it bounced off of .10... .005 away from
my current call...but that was then, and this is now.
It's all in the filings...don't read them at your
own peril.
PSSSS...Assets/Outstanding shares=Fair market value per share.
or...if you please....MarketCap/Outstanding Shares = pps.
Fuzzy math you say...ya fine but you crunch those numbers
in THIS environment and you'll see that 9 our of 10 stocks
are trading at or near that level.
If you find one that IS out of wack...for warned is for armed.
DEEP and CNXT are too that I'm mibbling on now...but...
fish on the bottom at your own risk.
The big fish are down there but so are all the snags.
good luck toothy...I'm looking real close at
anything under 3.75..but as hard as it's fallen
there really is not bottom on my chart...all my
bands of resistance are at 75% angles...pretty
bearish.
catman..ISYA
Thanks bill and strader will check um out...eom
Volume question...
I have NOT been able to find a way to calculate volume over
variable periods of time...not without going back and physically
adding up the daily totals. I know you use Esignal Bill...do
they have something that will do that ? I'm tracking a company
that IPO'd last year and has since had a TRAIL of Form 4's that
a boy scout could follow...my broker can no longer find any more
shares for me to short with...at some point this all has to come
out in the wash, knowing exactly how many shares have rolled over
and when might be pretty helpful in this case, no ?
Thx to anyone else that might shed some light on this for me,
not to mention all those other enquiring minds out there.
catmaniac
PS...bottom fishing here...the chart is a LONG way off from
confirmation for a buy, or I would have mentioned it.
These numbers down here are pretty tempting
but I can't help but wonder when the market will finish factoring in all the share dumping by management and others.
The Form 4's are lined up around the block...I don't know
how you crunch all those nubmers along with the IPO wash...
anybody's guess, I guess. The overall market conditions just
scream caution...glty.
Consolidation is the word here me thinks...I'm waiting it out
myself...wanna see the new numbers that should be out farily soon ?
CHDO...this one was on one of bill's list
way back when but only after someone else
mentioned it here first...I forget who you
are but it was a great call and I believe it's
ready to make another run for the roses.
I was originally in around 16 and back out @ 55ish
and I've been accumulating again for the last
month or so and I'm at even money now in my
trading account and well into the money in my
HOLDUM TILL YOUR RICH account.
Did ya'll see this am's news...I forget which pundent
it was but they were calling for TWENTY BUCKS A SHARE !!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHHAHAHAHAH
I guess he was talking about my holdum till your rich
account ?
catman...ISYA
PS...find us ANOTHER ONE !!! HEHHEHEEE !
Lead poison ? and just when the fix was in...eom
it's called the PAYOLLA BLUES wowsa...
Neil Young: Everybody's Rockin
(*Al Freed, coined the term "rock and roll"
in Oct. 1953, one month after my birth, I"m
older than rock and roll)
PAYOLA BLUES
This one's for you Al Freed,
Wherever you go, whatever you do
'Cause the things they're doing today
Will make a saint out of you
Payola blues.
I've got the payola blues
Even though I already paid my dues.
Listen to me Mr. D.J., hear what I've got to say
If a man is making music, they ought to let his record play.
Payola blues
No matter where I go
I never hear my record on the radio.
Well, here's three thousand, that ought to get it on.
Well, thanks a lot man! I love your new song.
Payola blues
No matter where I go
I never hear my record on the radio.
And it goes like this.
I got a brand new record company, new manager too.
Got a great new record, I can't get through to you.
Payola blues
No matter where I go
I never hear my record on the radio.
How about this new Mercedes Benz, that ought to get it on.
Well, thanks a lot man! I'll play it all day long.
Payola blues
No matter where I go
I never hear my record on the radio.
I've got the payola blues, payola blues
I'm paying those payola blues
No matter where I go
I never hear my record on the radio.
lucky seven it is...eom
BILL...no wonder you told me recently...
that you have all but given up on posting at IHUB...
even on your own site...below is my response to the
THREE post of mine that were BOOTED OFF of the TRDY
site today...
I paid for THREE years of access to IHUB but with so
little concern for honesty and integrity, I have to
wonder how well spent my money was...were it not for
the excellence of YOUR BOARD...I'd want a refund.
catmaniac
PS...AS long as I supported this position I was
welcome but as soon as the TRUTH came bubbling to
the surface...the DREAMING WORSHIPERS stepped in...
(I put my entire multimillion share position in TRDY
on sale today and posted that fact on their site...)
resulting in INSTANT DELETION...I have to wonder if
Matt realizes the manipulations that take place here
at some of these sites ??
______SOON TO BE DELETED !!!________
SUBJECT: (IHUB TRDY BOARD)
As the song goes...
"at a quarter to 10 the hatchway gave in...
and the cook said, fella's it's been good to
KNOW YA !!!"
THREE of my TOTALLY ON TOPIC POSTS have been
deleted today...that makes this site worthless
not just to me, as a poster, but to all of the
traders that come here to find balanced opinions
about this stock and how it trades...
I don't know who is responsible for those deletions
but you should be asshamed of youself and take a
GOOD LOOK at the RULES that guide us here at IHUB
Your actions are a disgrace to everything people
pay their money to come here for...HONEST feed back
from actual INVESTORS !!!
catmaniac
PS...Nature is my religion but I feel a need to
pray for your immortal soul...you will need all the
help you can get...you are SURELY on the road to hell.
How do you look in the mirror at night and NOT
hang your head in shame at your shallow morals ???
If you can't handle the truth...who pays you ???
<<<<<<<<<<<<<<<<<<<<<<<<
PS...as a poster at this site I've supported my position in
TRDY here on MANY occations...I no longer believe that
management has NOW or maybe NEVER HAS had the intrest of
their shareholders in mind when making decisions about the
fuutre of TRDY. Despite all the efforts of management in the
last THIRTY years, they continue to LOSE MONEY, REFUSE to
advertise their products or do ANYTING else to improve the
the investments that their loyal shareholders have made.
I'm currently eliminating my entire position in this company
after nearly FOUR YEARS of foolishly beleiveing in the
contrary.
I want my DEAD MONEY BACK !!!
ty manycraps...
yea the tables are fun too...heheh.
One is a winner and the other...well...
we all go there. Who could argue with 7's and
11's comin OUT ????
Help like this is golden for all of the
traders not just me...thanks again for your
input.
catmaniac
PS...the concept of seasonality is not lost on
me...it makes liquidating for the sake of capital
a riskier issue.
I guess I'm like everyone else when it comes to
getting rid of losers that we have staked so much
time and effort into...we were WRONG going in...
to be WRONG going out is just SALT IN THE WOUND.
The fear factor is, of course, is to sell at the
bottom, after the insult of realising we bought at
the TOP !!!
In a market like this...when SO many 'suckers' are
being blown off by the market makers who are accumulating
these 'loser' shares, off the manipulations that THEY created
BEING a sucker TWICE is almost more than one can handle...
hence the "buy and hold" mentality that causes these problems
to begin WITH !!!! HAHAHHAH
I'm in awe, DAILY, with people that can put those emotions
aside and TRUST the tech/fundie rules that SHOULD guide us
past those emotions.
THIS was a GREAT POST..thanks...I'm going to spend some time
on it this weekend, between bouts of fantasy that I'm having
trying to figure out where I'm going to spend all the RICHES
that we are ALL about to make on......
________________________MOSH !!!!________________________
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHAHAHHAHAHAHHAHAAHAHA
PSS...what a GREAT 'HOOK' name...a 'hook' in the music game
is a line that "hooks" the listener into listening to the
rest of the song...something to build the song around....
I can't help but imagine all the middle aged punkers that
I carried out of the mosh pits a few year back who are just
now looking at their ports....
MOSH !!!! HELL YEA...I WANT some of THAT !!!
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHAHAHHHAHAHHAHAHAHAHHAHH
PSSS...Neil Young sez it best...
"it's just a game, you see me play...
only real in the way that I feel...
from day to day."
http://human-highway.com/lyrics/lyrics-10.html#003
NEW CATALOG...11 days before xmas ????
More great planning on managements part...just in time for
NEXT years xmas ???? Anything ordered NOW can't make it
to it's destination in time for THIS year ???
What a bunch of losers...I'm about done with these idiots.
catmaniac
PS...can't get fills for 7 maybe I need to start wacking those
6's when they come bye ? IF they come bye...what was the last
trade .0044 ? If I hadn't been foolish enough to buy so many
shares of this POS, I'd already be out.
JUNI...apparently the neighbors didn't like the barking eom
catmanica...I like that...
to bad I didn't have Chris Columbus's ear, eh ?
catmaniac
PS...there must be a world I can call mine out there...
SOMEWHERE ?
What makes you think it WON'T get that low...
SERIOUSLY...look at the LAST 10q and tell me what
you think this company is worth on paper.
THEN...look at a chart and tell me what you see
THERE that supports a HIGHER price.
Convince me...I'll mortgage my house and we'll
both be rich if you are more right than me.
THE ONLY upside risk here is that Long Beach pipeline
and it looks look Boone Pickens is going to get that
one...he and the terminator have been pattin each other
on the back for months now.
BACK UP...without the LONG BEACH terminal in the picture
at all...what do you think this company is worth RIGHT NOW.
No offense but, I really don't give a flyin flaming cat about
anything else here...if you don't want to put your money
where your mouth is here...go back to your TIDE shrine and
say a prayer for me because I'm not holding ONE SINGLE SHARE
right now so if all that juju mojo works...I'm screwed.
catmanica
PS..."CHANGE MY MIND, change my mind, change my mind...."
with SUBSTANCE...not dreams.
YET is HERE...
I just moved my GTC entry back to .0702.
catmnaniac
PS...glty STILL.
BOY...just LOOK at that VOLUME TODAY !!!eom
OH...like the pr they put out last year...
about losing the S. African account the DAY after they
put out news of earnings...we had fare valuation for
what ONE DAY ?
PR's and ADVERTISING is part of their JOB man.
It's NOT a "Pink sheet" thing...it's their JOB.
What could POSSIBLILY be more important than product
exposure this TOXIC CHRISTMAS !!!
The FACT IS...they are dropping the ball AGAIN.
When this moves, it will move fast and it won't stay
where it's going for very long, not without management
goose stepping to their old status quo by finding SOME
way to destory our pps...BID WACKING may be the only
way out when it does move.
IF it ever DOES move...something that I'm seriously doubting
at this point.
LOSING patience with trdy requires that you had any to begin
with.
catmaniac
PS...priced at the bid, my finger is on the trigger and it's
GETTING ITCHY !!!! I've got a BIG block @ .007, so don't you
penny flippers hold your breath.