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alliecorp. Surely there must be a logical reason for the shell game they are playing. They can't really think shareholders would not find out who is behind this latest caper?
Let's hope they take your advice and give the shareholders a meaningful PR.
Let me know when you go.
Looks to me like Paul and Errol just created WInd River and then bought themselves out via the proceeds from 141 Capital raised from a current 504.
Does anyone have a direct connection with Paul or Errol to find out what their up to? This isn't the first time they've done this.
I wonder if any of ihub's sponsors have gotten wind of this mess yet?
Some sponsors will no doubt pull their accounts from ihub. Clem said ihub doesn't generate much income so I'm sure paid subscriptions alone won't cover operating expenses.
WTG Matt!
4 counts @ 20 years each.
He's Prolly still too buzzed from the high of being able to squander $250 dollars on shots to realize the gravity of the situation he's gotten himself into lol.
I think it would be fitting, for investors that have been damaged, to use ihub to discuss class action and restitution suits against Matt et al.
'ol Charley was no doubt given a nice parachute.
Who needs extra Directors hanging around with a settlement coming up anyway?
Thanks. Someone else pm'd me the same :)
I thought it odd that a co employee would be wearing that moniker around their neck lol.
ok thanks and good luck to you.
Canadian eh?
You say you're not an employee but are you affiliated in any way with ADVFN?
Thanks for getting back to me but here's the way I see it...
SEC didn't shut IHub down because this investigation and surveillance is ongoing. Do you really think for one minute that these latest charges are the end or the sum total of their investigation? This is just the beginning and you are grossly underestimating the repercussions of your employee's actions.
You also didn't mention the innocent investors who came to Ihub in good faith that were harvested by Matt/Ihub and lost all their growth potential.
Maybe this incident won't hurt the growth of ADVFN but the expense of keeping IHub around could prove to be very costly.
The market has not reacted to the news- YET!
GLTY
Me thinks this is a good time to short this pig.
With all the crap that Ihub is in now, ADVFN is guilty by association by allowing ihub to operate "business as usual'.
Does anyone know if Matt's posse is available to help run this stock into the ground, since they are so good at it...lol
clem, perhaps you could address this:
What many don't seem to understand is why ADVFN loops all inquires regarding Matt's suspicious activities back to Matt?
I would think hosting a public stock discussion room such as ihub would require public safeguards in order to protect an unsuspecting public from scams.
Due to the fact that decisions to purchase securities are sometimes made on information (or lack of it) gathered from stock discussions boards such as ihub, does not ADVFN as the parent company have an obligation to police it's policies or do you just take employees' words that they are not scamming?
IMO, Matt not only pumped stocks, I believe he worked with certain MM's to "short and bash stocks"
With access to PM's, Matt could read the pm's of board mod's and others that may have had contact with CEO's thereby giving Matt "inside information" With private information gleaned from the pm's, Matt had the ability to predict when and what would be in a PR. Matt would then prevent pro-company posters from posting positive facts about the company, while he and his gang including an MM or two would move in, take over the board then short and bash until they killed the stock.
Thanks for returning this board to free. I wonder if ihub will right any more wrongs?
Last I spoke with the company, they were in active discussions finding an MM to become solicited in the PInks.
So far, no increases in the Float and O/S. Only 16 million shares O/S but I will try to get an update.
Anyone else have anything they can contribute or any direct contact with the company lately?
TIA
GT
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Any other shareholders reading the board here?
I have a call into the company and I will report back with any updates I receive.
GT
Where's the dilution?
All I see is buy..uptick...buy...uptick.
Diluted stocks don't uptick.
Perhaps an editorial to a few local papers around the country might help here. Surely an up and comer looking for a cause may help bring extra awareness to the issue if it were known. There were "liberties" taken with the seizure and "infringements" on shareholders that need to be exposed publicly.
Please provide a link confirming 5 billion diluted shares.
Nice job on the mailing list HROLLER, you're on a roll! I'll see what I can do to forward it to others too.
Sooner or later you would think that not only the shareholders of WaMu but the public at large should be made aware of what really happened to their bank.
Nice job HROLLER.....
That is an excellent read. Have you considered sending it to any major newspaper editorial columns or TV news magazines?
GLTY and keep up the fine work.
GT
IMO, once nite has it's Scottrade FTD's covered then the signal will be given to trade.
For nite to cover.
You have to remember that nite is the pink sheet market heavyweight.
Good to see at least one broker on the ball. Perhaps I should consider using them as opposed to Scottrade.
I agree Seeker and no doubt more then a few are gun shy here.
I am willing to give it the benefit of the doubt though because as I understand, it was never 141's goal to have to dilute itself into the sub pennies. I think circumstances beyond 141's control are the reason for the dilution/decline. I also think that their trading systems are exceptional and forcing the MM's to reconcile their FTD's will further shrink the float. As a result, when 141 starts releasing news the pps will increase rather rapidly.
Let's wait and see what develops.
Right nicehit, would you agree that the B/A is narrowing because the bid is starting to come up to the ask? I believe you are correct too that because of a tight share structure, news will drive this up much further.
OK thanks mtncabin. So the delay is not an issue with 141 but with the DTC and brokers all of which are down stream from 141.
One of my accounts is Scottrade and as mentioned here earlier, the Gains Keeper record shows the R/S as being completed but my account still shows the old share information.
Sorry to burst the bubble of those thinking 141 is the cause of the delay but that is neither a 141 issue nor a DTC issue and it clearly represents the issue Scottrade is having with properly accounting for the all the FTDs it has.
For some reason, there are those that think NSS is a myth.
Why would 141 be immune to NSS if virtually all penny stocks with billions of shares out are targets for unscrupulous MMs?
MMs specialize in penny stocks with billions of shares because there is no real way to account for the shares. That is unless of course the company changes cusip numbers thereby forcing a reconciliation of shares outstanding. 141 Capital has forced any MM that NSS'd them to "deliver" the excess shares they sold. MM's won't release the shareholder accounts for trading until the MM's have found a way to cover. Otherwise they will be forced to scrap over what few "real shares" are in the new float which of course causes great consternation among the MM's. And that is why you see so many naysayers here trying to scare people into selling their shares.
At any rate, if a few weak hands sell to them, it will just drive the price up.
Now your talking straight Traderfan,......."note that I'm clearly saying that a short term bounce could be well in the cards here"
I'm saying the bounce could be more than "short term" as the brokers scramble to cover the NSS and that is the reason they (brokers) are dragging their feet, kicking and crying all the way to the ONCP ticket window lol.
btw, why should your opinion be anymore important then someone else's?
Perhaps the brokers that shorted are having problems covering. I suppose they thought 141 was dead but now they have to do the FTD thang.
Traderfan. Please support the offensive attack with verifiable facts.
Do you know the post conversion and RS share stats?
Do you know what progress if any 141 has made with it's programs?
Speaking of nonsense, what does this mean?
...."Let's wait for all the people to be able to sell and then you come out and state the same nonsense ok?"
You do realize that selling post spilt shares will require a higher pps then .03 for anyone to recover the original investment don't you? Why then would people rush to sell their shares the moment they can at a loss? They could have already done that if they wanted to right?
With little or no shares in the float and good news, common sense says it would be wiser to hold than to dump at a loss don't you think?.
Oh I'm sorry, I thought there was a 1500 share buy at .039 and the last time was a posted transaction it was at .03 hence the gain over last of 30%.
Oh well even it it's not important as you say, I'd rather see the % up instead of down.
worm, when the pps is up 30% on a 1500 share buy,
it means no free trading shares are available. Better get some while you can.
hey worm, how did 142...1 meqn 141 produce such a huge return?
Worm, not very many shares are in the Outstanding.
Lets give it the benefit of the doubt and figure all 5B were in the A/S
(which is unlikely) Then subtract 1 billion that went into escrow until 2010. Next consider that a large portion were in shareholder accounts that were converted. Now reduce what's left by 175 to 1.
Worst case scenario would be using the full 4B and reducing it by the 175/1 RS and you have 22m shares left. Now subtract what was held and converted into preferred shares from the 22m and my guess is you have less then 10m in the O/S.
I wouldn't be surprised to learn that the O/S is all held leaving zero float.
what facts do you have to prove otherwise?
Hey worm. Forget the alphabet, check out the wonderful return 141 posted.
How many other pink sheet companies post the same or better returns? For that matter, how many companies of any color returned the same or better results?
You best buy while you can.
Thanks for the heads up Gmenfan.
I guess every bushel has it's rotten apples eh?
ok...maybe the AMEX instead :)
Thanks M/C
.."You have to look at the trading history"
Trading history on pink sheet stocks in general or trading history on this stock?
I just don't see how anyone can garner any trading history on a 3 1/2 day old stock with maybe 50-100 trades total.