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Mickey, I'm afraid you could call a phonebook full of companies "in the industry" and you'd get that answer way more often than I think your poor heart could take.
all in fun.
robj
c'mon Canada where are you with the news.
I'm in this one now
why doesn't it ever go up?
waiting for canada reeks of the flop sweat of desperation--and I stupidly bought a trading position in this p.o.s. yesterday at $.46
C'mon Canada, it's all on you, dude.
well Mickey, on to better news....how's the house business shaping up.
damn lugs,
I just finish posting to you here and BNVI goes up $.10 to $.68.
It was $.58 when I posted my last response to you 5 minutes ago.
robj
can't play any calls on IDCC everything wife and I have in the market are in Roth and IRAs-p-no buying calls allowed.
As I type this BNVI as exploded up $.10 to $.68 from $.59 when I first started typing.
Biotechs will be hot this year--especially if the broader market isn't.
Gotta play all over, imo
robj
marty, I understand, but I think you keep thinking that each conversion resets a 5-year clock.
That 5-year clock is only set once-- on the date you first open the Roth IRA--in my case the very first year (1997) they were available. So it doesn't make any dffernce that I only converted my two biotechs in the Fall of 2009--when I reach 59 1/2 in a couple years anything I withdraw from there will be tax-free.
Again, as the IRS site I linked to says, It's the length of time your Roth has been opened not how long ago anything was converted.
Now if you're talking about just starting a Roth today and converting from a regular IRA today, then it's going to take 5 years until your wirthdrawals are taxfree--I know it might be four depending if you start the Roth before April 15 and you get to count it like you started it in 2009
excellent family sentiments, lugs.
and obviously the reason why we work and invet.
No kids--both taught school and wife retired at age 48 with a really good pension and went on to work for the Chief Judge of the Missouri Court of Appeals for 3 years. She spent 3 years in his law firm before the Missouri governor appointed him to the Court. She finally got to retire in 2006
I couldn't take anymore in the schools so started a little medical equipment business I ran from my house for 10 years before selling it also in 2006
We don't feel old, but it seems like the years can slip by pretty quickly. I think we've about gotten to the point where we've decided not to keep a personal residence anywhere. Can go back to Missouri to visit my brother for a week at a time, but otherwise no real hold anymore on SW Missouri.
I think we will just move from country to country (we've liked it so far with extended visits of 2 or more months to several places since 2006--the length of time determined by Visa restrictions. I think we see ourselves probably just becoming renters anytime we decide to spend some months in the U.S.
who knows, we change our mind--- a lot ha!
glad to hear the feel good story you told.
robj
marty, I'm (and the IRS Code) is tallking about Roth's that have been in existence for more than 5 years--that's the first read on whether it's a tax-free distribution and if that's true and you're 59 1/2 everything you take out will be tax-free.
As long as your Roth is over 5 years old since its inception, it doesn't matter how long ago you made the conversion from a regular IRA. Or for that matter if you wind up with a $100,000 gain on your positions bought in your Roth in 2008--as long as Roth has been in existence for 5 years you could withdraw that $100K taxfree if you're 59 1/2
That's why I posted the IRS guidelines a few posts back.
robj
sidewinder, if you think it is bashers responsible for the share price dropping, you are going out on a limb that's going to break underneath you.
And
FWIW, regarding the Roth Conversion.
I did that with my two long-term biotechs back in the fall when GNVC was $.82 (now $2.70) and BNVI when it was $.38 (now $.60)
Long-term 3-4 year hold for sure on BNVI but GNVC might get to my f.u. price by the summer at this rate.
For the true believer in ERHE, I would convert every share I had in ERHE today (if you think $.41 is going to be the low)
I faxed my conversion to Ameritrade since they already had all the signatures on file and even though it took a day or two to show up in my Roth, my conversion price was close of the day on the day I faxed my conversion form.
Caveat. The ERHE shares already have to be in your Regular, SEP or SIMPLE IRA to do a conversion. Roth IRAs (and maybe all IRAs) have to be funded by cash if that's your regular contribution for the tax year. It's only conversions that can be made with shares. That was fortunately my situation with GNVC and BNVI as the total amount even at low prices would have been way over the contribution limits for wife's and my Roths.
Willing to pay the taxes on the conversion price because I've got some other nice deductions from remodeling a rental house this year.
Good Luck on ERHE--it would be a lot more fun if you turn out correct on your future guess about this company to have all your rewards be tax-free, eh?
robj
Here, Imhags very clear from the IRS site that it speaks of 5 years from when the Roth IRA was first set up
I just copied the IRS link.
Scroll down to the part about Roth IRA distributions
http://www.irs.gov/publications/p590/ch02.html#en_US_publink1000231057
Imhags, just so you're clear, that 5-year period is the length of time the Roth has been set-up, not a 5-year wait to withdraw funds placed or converted. So if you set up a Roth 5 or more years ago, you could withdraw all your ERHE funds next year or sooner tax-free if you're of age--no 5 year hold on ERHE shares you convert to Roth
Here's the quote:
In order for withdrawals of growth from a Roth to be tax-free, clients have to wait until the first day of the fifth year after the year the Roth IRA was set up. This is the so-called five-year rule (i.e., if you opened a Roth between Jan. 1 and April 15 of 2009 as a 2008 account, the five-year clock would start on Jan. 1, 2008). In addition, the taxpayer must be either over age 591/2, already deceased, suffering a permanent or total disability, or eligible for special first-time homebuyer treatment (for a limited dollar amount).
okay, I had to come back today.
Those who are long here cannot fathom what we that look in on this stock from time to time with an eye towards purchase see.
--We see no oil results but lots of speculation on this board--nothing from the company
--We wonder if the fact that it's a Nigerian company means it will never be fairly valued on the upside.
--We see some obsure listing coming on AIM--but feel the company's plans about either a dual listing there and in the U.S. are unclear
--We wonder if the company is getting ready to form another company and what they will use to populate the assets.
That's why you're going down some more--accelerating recently. People on the outside can't get past the items I posted.
All those here on the board have is their opiinions that the 4 items above will be dealt with--the motives for having that opinion is clear--you want to defend with your hope that your investment will be safe if not profitable.
I'll say that if you poop in one hand and hope into the other, it is clear which one fills up first.
robj
good find, ness.
speaking specifically to the ERHE board.
Way lamer than this and another co. I used to own
gungery, do you ever read my posts? How many ways do I say I'm not long or short but have followed IDC for 10 years after making a speck and just mising out on a ton of $$$.
Not deceitful, I just put out my opinion and a reason or two why.
you and gattica are among others here who only think the longs have opinions worth hearing and that everybody else has ulterior motives.
Like I said there isn't a company where both positive and negative opinions are legitimate. No matter what you think, there are legitimate negatives here.
Many positives as well, but those are covered ad nauseum by M.B.
what's really funny here is that 1) you guys have bought an oil company and nobody knows thanks to the company's lockjaw what kind of oil revs might really flow to ERHE and 2) now there's some kind of new stock listing (c'mon, who had really ever heard of AIM before this?) that nobody can explain but only speculate about.
Now if you heard for the 1st time today about this Nigerian oil minnow that you can't get info from and that is listing now someplace you never heard of, tell me how many of you would take an initial position?
How different is this ERHE from the one you thought you were buying 5 years ago or so?
well mickey, it has been 10 years or so since I traded IDC.
However, unlike you I have bought and sold other stocks and do not fixate on just one to the exclusion of all others. Your lottery ball analogy is just about as lame as I expected.
I watch IDCC on this board for entertainment and you're the ringmaster.
does anybody think an AIM listing is really preferable to a reverse split and a NYSE or AMEX listing?
gotta say i never heard of this AIM crap until reading it here.
$.295 here it comes
11%?
$.018 to $.02?
c'mon, that's the difference between whether the last trade is a buy or sell.
Wil you post when the price goes down 10% to $.018.
I doubt it.
So I'll take over that job for you.
jk,
no, I've been done with options for a long time--those in IDCC were too traumatic. Did watch a friend crash and burn at the top of the Nasdaq with many, many out of the money call options on Gateway (computers).
Wife and I retired in summer '06 and sold all rental houses except a personal house and two on Contract for Deeds. Spent two years traveling and fortunately for the most part was out of the market for those 24-30 months until making a big bet on Flextronics at $2.07 and averaging in more at $1.35. Got a pretty fast triple+ and have been mostly protecting those gains while continuing to travel.
I have two biotech plays in Roth/Regular IRAs I'll share-- I had three, but sold out of CYCC and it's way too over-cooked for me now.
1. BNVI now at $.60 and I think its Menerba drug so far unpartnered and scheduled to start PIII for hot flash treatments in 1 or 2Q 2010. I don't want to go all Mickey on you, but i think Menerba has a chance to be the biggest selling drug of all-time by the time Obama finishes his second term. I've been in since $.36-$.38.
2. GNVC has moved significantly since I bought at $.795 and it's $2.20 now. They just partnered yesterday with Novartis for a hearing loss drug that's in pre-clinical. Upfront payment was $5M and milestone payments could equal $213M. Royalties on top of that. It's for a pre-clinical concept not even in GNVCs main wheelhouse but probably a big pharma validation of their drug delivery platform. Their big one is called TNFerade in PIII testing. Company announced a few days ago that the topline results would be announced in 10-12 weeks--TNFerade is a gene-based treatment for Pancreatic cancer and hopefully other solid tumor apps. to come.
BNVI and GNVC are remarkably similar to me in their possibilities and I think TNFerade could be the best selling cancer treatment--again by Obamas second term end.
You asked.
I have no motives except to respond to a question.
My position is not dependent on retail investors believing in these two companies.
robj
gattica, by your post you are saying you only value a poster if he is long. And only if one is long are his motives clear and pure?
Really?
I have no motives other than to hear others' opinions--mostly I just read them and sometimes I "afford" mine (I remember when JimLur started using that word--I had never heard it used like that and I have to tell Jim that I stole it many times without giving him credit)
these boards are mostly entertainment with a few granules of real fact that this group ferrets out better than most.
I also like a spirited exchange of ideas.
Don't think I just got reciprocation from gattica, this time.
gungery, what difference does it make to you, actually?
Longs look for reasons to buy and hold
Shorts look for reasons to sell or sell short
Likely that in any company one can find reasons to do both--unless you're M.B., of course.
okay JimLur, just from the most recent form 4 these were options grants that vested--I read that as zero cost basis
from the form 4:
(1) The transaction reported reflects the sale of shares to satisfy tax withholding obligations due upon the vesting of restricted stock units previously granted to the reporting person.
My point was more that there are no buys from insiders since at least July '03.
as a sidelight, given that, how likely is it that these guys are paying anything out to exercise these options, which specifically says "granted" on the form 4.
forest and trees
Jim, all I've got is the info on that site that I linked, but. . .
The read there is that all these are personal form 4 sales--the company didn't make a penny--only the insiders, as per usual.
I'm just saying, options for bonuses seem a better way to pay a start-up instead of a maturing company as is IDCC.
I totally agree with Mickey and those others who say pay salaries and bonuses if such must be paid, be paid in cash.
I can't buy into this stock until the corporate governance is clearer--When the longest term investor (Heartland) is proposing mega changes, I still stay on the sidelines.
ITC ruling still outstanding and IDCC could easily drop back down to $16 again, no chairman, Heartland squawking, hundreds of millions sitting in the bank which could have been used in late 2008-early 2009 to buy hugely distressed assets.
If I wanted a CD, I'd buy one myself.
short story, i think idcc is near the top of its price channel and that the path of least resistance is down.
robj
hey, i might buy in at any moment---below $18, that is.
and as an aside to Mickey:
There was a time back when taht I thought I was pretty knowledgeable about IDC--back when we were arguing about a base station in Myanmar.
It was a company we all thought we understood had potential. I guess some would argue that from $2.00 to $82 and even back to about $30 that maybe IDCC has lived up to its potential. Certainly more than selling the only 10K shares I ever had bought in low $2.00s and sold in low $6.00s.
Mickey, I've had a dog in this fight a number of times and may again.
robj
mickey, no position for 10 years in IDC.
It's the one that got away--just like for you except I only had an options play.
110 contracts of Sept. 5 Calls bought at about 3/8. Expired worthless a few weeks to a month or so before IDC wet to $82. (an $850K payday missed by a speck)
I know it doesn't compare to what happened to you.
but that's my story.
I just post here once in a while after some event or post gets my attention.
robj
well, dndood, i don't know how you read charts, but yours says the same thing about the headwinds IDCC faces in February.
since july '03, not a single insider buy and $17 Million in sales.
Mickey and others have a real point and company has never answered it satisfactorily that I've ever seen or heard.
Here's the site for confirmation of the above:
http://www.secform4.com/insider-trading/1405495.htm
Go back to 2001 and check the performance of IDCC in Feb before and after earnings. It is one of the worst months of the year every year.
Is this the month they announce all the bonuses management have been awarded?
fercrissake, does this stock ever go up?
c'mon sidewinder, what happened to swimming too fast to be caught?
anybody here ever get in or remember the little oil exploration company AENP (formerly AMEP)
lots of pumping of it and then it reverse split itself out of existence basically.
what are the chances of ERHE doing a small reverse split of 1:20 or so just to get themselves listed somewhere?
IDCC to be halted all day on Monday
ha!
don't drink the Kool-aid, patrik
triangle, it's less thatn $500K since Jan. 1
Here's a link for your files:
http://www.secform4.com/insider-trading/1405495.htm
and I'm going to call you again. . . .
where's FASC/KDS in that news?
thanks, Yankee Mike
c'mon mickey,
even i can tell dndood was hooting on me with that message.
he's probably a $250+ guy like yourself
don't throw him in the briar patch, too.
well I guess my own humble opinion has provided enough fodder for the longs here so I'll be gone for a while.
I wish I had kept my $2.00 shares from around 2000-2001. I'd be right there with Mickey probably
sorry dndood,
forgot you were one of the $100+ dreamers
long-term top of channel at $40, MPLFPIHSNFLIJAGNJOJG.
it's only a thought.