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GLKCE seems to be moving up on low volume, maybe the short squeeze is on???
GLKCE .022 x .024 eom
Yup, Woodrots studies actualy show women as better investors than men overall. Of course we have more fun at it though! LOL, we generally go for the higher risk stuff. Sounds like your loading up on the cmkx, good timing!
Woodrots, I was thinking the same, but was a bit leary on the deal. Very hard for me to figure out how this one would pan out for shareholders.
Bo, spea at over 15.00, dang I should of held for more than a double!
GLKCE...plummeting like a rock! Is this manipulation or dilution?
GLKCE...appears the mm's are trying to make it appear most of volume is sells at .0139, tight spread also.
Glad I slept through it! eom
DVD, ok, I thought from the wording on your post that you may of mistakenly thought that a split in itself adds value (which it doesn't) Just like the sswh r/s you get less shares but the value per share goes up(but the moment of the split your overall value for that position is the same) Your point apparently is that the chart will climb, which may or may not happen. I hope it does for you though. GLTY
Link for Carolyn claim lawsuit...(part of it anyway) http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1107819624
DVD. the price is adjusted to the # of shares. Its a 0% gain for just a split.
Mach, hoping for the best with this one! Would love to make the market makers pay for this one, for all the robbery they are guilty of. Is it true GLKCE is fully reporting company, then they will have to report any dilution. Good Luck to you Mach, as always, I appreciate your board.
GLKCE interesting thought from another board...If a person has over the reported float of 1.5 mln and requests certs, what happens?
GLKCE...post of interest.. http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB00412&read=531695
By: tldamico
06 Feb 2005, 12:26 AM EST
Msg. 531695 of 531711
(This msg. is a reply to 531691 by ledrog.)
Jump to msg. #
ledrog, GLKCE has A/S of about 5 million, O/S of about 1.1 million. This has been verified multiple times with the TA. Has also been verified with the company.
...and I own 1,575,000 shares...
In other words, I own more shares that the O/S.
Shares coming from naked shorting, and the short position is huge.
Here is what appears to have happened:
Heavily oversold by MMs that allowed their customers to sell pre-split shares that no longer existed, after the R/S.
Etrade will not allow you to buy GLKCE right now. Only sell...
A decision they made because they are getting buy orders rejected by MMs. I got this information from an Etrade broker on Friday afternoon. Not an Etrade tech support agent, but an Etrade broker. If someone talks to an agent, they'll get a different storry, depending on who they talk to...
Like I posted before:
GLKCE - If you knew there was a HUGE short on a stock, and heard multiple confirmations from multiple sources of the A/S and O/S, and knew the A/S to be about 5 million shares, and the O/S to be about 1.1 million shares, and that the stock was currently trading FAR under book value, and that the market capitalization came out to only about $20k (O/S x .018), and that millions and millions of shares were oversold, far beyond the O/S, let alone the A/S, and that we may have a major short squeeze in the making...
then what would you do?
I also posted this information from the iHub board on someone that managed to cover his short position before it was too late:
GLKCE - A post from iHub where someone had to cover their short position:
I had shares of GOBCE pre-split. About 950K, give or take, on 1/31.
On the morning of 2/1, the symbol had changed and the stock had popped, but I still had the same number of shares. I could see something was wrong. I started selling and the 1st 5K listed for the day was mine @ .01. Within a few minutes the price had started to completely collapse. I got a little bashful and backed off for a while, but I should have been selling at market.
By the end of the day, I had completely liquidated and knew I had a short coming the next day, but was thinking I could buy back as much as I wanted @ .001. Oops.
The next morning I was short and called ETrade. My broker confirmed that I had to cover and I placed an order for over 900K @ .001. I got a little but the price rose rapidly. I asked him for help and he got me out with a block trade @ .0018. About 910K shares. I am so grateful. At today's price, I would be out about $10K.
At this point, I saw the opportunity and really grasped what had happened on 2/1. I bought all I could and got filled @ .0016.
Right now, the market is very short and maybe getting worse because I think there are a lot of people still trading with pre-split shares. The sells are coming from people who have "made a lot of money" and are selling out the shares they bought or already had. Anyone still selling shares they already had is just aggravating the situation. If everyone had stayed put on 2/1, this never would have happened.
Now the market has to buy us out of our shares. Personally, I am convinced it will take about another week for the full impact to hit the market. There will be margin calls starting tomorrow and hitting Monday with full force that will drive people who sold, either out of error or out of self-protection, to cover the short positions. After a stock rises 900% ... well, your margin allowance has to be pretty high to absorb that.
Is a share worth .10 ? Right now, probably. But if the shortage of post-split shares continues, it could go much higher. The MMs have to cover the shortage because their customers have to cover the shortage. Within a week or so, we'll see how this has really played out.
The only other real alternative is for the company to sell shares. But that takes a little while and margin calls don't wait.
http://www.investorshub.com/boards/read_msg.asp?message_id=5326882
And, finally, here is something I posted from the iHub board that has some good DD:
GLKCE - Reference DD and comments.
First to put something behind us that has not been a big deal tonight, but has popped up once or twice. I'm referring to the website of what seems to be an over-angry bad investor who lists companies he has a problem with and tried being cute naming an award for them.
I'll only touch on three, and it's funny how GLKCE only trading it's 3rd day with this new symbol is somehow on this webpage. However if he wishes to put GLKCE in the same breath as USGA, UGHO and MRK, we who got in after thr R/S and in on Thursday's trading will be smiling big. USGA has a modest O/S (95 million), generates revenues, has a decent chart and closed at .179 today. UGHO has a modest O/S (35 million), a nice chart, a product that is BETTER than TASR's and closed at $2.02 today.
Merck (MRK) has been a historical Dow giant, generated 5.5 billion dollars in revenue just this most recent quarter and a net income for the same quarter over $1.3 billion. Yep, they had trouble with one of their drugs in October 04, but look close...since November 04 they are up ~15%.
He may want to rethink his list.
Anyway, GLKCE is scary good from many different angles, obviously one of the reasons is the confirmed O/S today over 1.1 million shares! There's good beyond this incredible point however...
If you multiple the o/s (1,158,209) times today's close (.0119), the market cap totals $13,782!
Let's just say there is a hell of a lot more upside from today..lol. In fact let's look at value...
GLKCE has over $4 million in assets. These assets are poised to grow in book value and revenue for the company. They own land with a book value 1.8 million dollars which is land for development. They are curently working on a 40,000 square foot office complex, plus other commercial development to be sold upon completion. In Kingman, Az they are involved in building a 1000 unit senior housing complex. To facilitate and manage this work, the company merged with Quality Construction Corporation late last year.
Also in Decemeber of 04 they sold their Global Links Card Service division to PTSN, with the terms being as follows.
PTSN paid them $55,000 up front, then $40,000 each month for 5 months ($200,000 on top of the $55,000 up front). Plus any debt of the card service company was assumed by PTSN.
Not bad huh?
Let's look at one more thing...October of 2004. It was in this month, specifically on October 7th that a reverse split was done. Look at the chart after October 7th, ranging from .10-.30 with 5-6 days closing at or well over .10/share. This was before the value from the sale of the card service, and before the merger with Quality Construction Corp. Now I can't pinpoint what the exact O/S was during that October period but I would bet a bottom dollar it was higher than 1,158,209!
On November 1st it was 22,856,687. Two things about November 1st I want to mention.
First, the only reason the 'E' is there is NOT because of any wrong-doing or lack of value at all. It was simply that Mr. Costello (who is a CPA practicing in California) was not registered with the PCOAB (public accounting oversight board). Lynda Keeton is and is now serving for them. The 'E' will disappear soon.
Second, with this info I can only assume at some point in October or November of last year did Mr. Costello's status come up which would explain the fall in price then, which doesn't relate to company's value at all.
So, on Nov. 1st the O/S was 22 times bigger than it is now! The company's value is more transparent today than it was then. They also now have a registered accountant with the PCOAB to remove the 'E'. On November 1st it looked like the stock was trading around .005-.01 (the historical chart didn't give me exact pricing). At the very least we could see prices 22 times higher than November 1st. Going further, based on value alone (discussed above) and the current O/S a market cap of $5 million - $10 million is not unreasonable here.
However, add on the fact that Terin himself owns more shares than the O/S it is sensational for anyone that bought after the R/S date thru today (Thursday)!
If there is a flood of shares for whatever reason, those who bought after the R/S and through the close today did so in good faith and will (and should) be rewarded.
The only remedy that makes sense is for MM's to be required to buy back shares at whatever price (meaning as high as it takes to sell :) to be retired, reducing shares until the market has balanced and equalled what the true O/S is now.
Whether it is the MM's or the T/A who have to pay for this buyback to balance the market with the o/s matters not. It is not the fault or concern of the company or the shareholders who acted in good faith during this period.
Let the bidding begin!!! Hold your shares Terin. : )
Bo
http://www.investorshub.com/boards/read_msg.asp?message_id=5326919
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy)
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GLKCE...I have no Idea what pps range to set my GTC's at...range from .04 on up to .09??? Any ideas? maybe this thing will go to .20
"WHO LET the DOGS OUT" WHO WHO WHO
Mach..u have mail. :)
Mach, I bought over 1/10th of the float apparently! LOL, what a wonderfull opportunity for me to salute the mm's...couldn't resist this one. BTW thanks Bo for all the great dd.
TSBI...I'm taking my lumps on this one today! Seems like growing company with low o/s. Huge volume over past couple of days and now back around where it started before the run. Those mm's know how to take the fun out of trading. I feel we may see some slow accumulation from here and with some big news could realy run. Fully reporting company with revenues and cash on hand from what ive gathered from others.
Doesn't get any uglier than that
aztm??? not finding any such symbol
I agree ZEN, swordfish doesnt know anything! Anyone saying they have it all figured out is full of it. Saying valantines day is the day... gimmee a break. Hes been hitting a bit to much rum it sounds like.
All I can say is I have been hitting the popcorn rather heavily lately. What a show.
Maybe Mr. Maheu will give us divie shares of his company! Wouldn't that be interesting.
Checkmate!
TSBI: 20cent book value post... http://www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB00206&read=21210
Thanks DVD and Mach for the dd on TSBI...Lookin good!!!
hurricane_force...I don't think the current powers associated with CMKX would be associate with a pink sheet company with unreasonable amount of shares out there. If there is a r/s it will be a worthy one, not one to plummet back to nothing. This company has the goods IMO. All in the timing of the pro's being assebled.
TSBI...post of interest... By: bkstx
01 Feb 2005, 06:15 PM EST
Msg. 845 of 845
Jump to msg. #
IRISH...Actually, TSBI was due.....
I follow the company closely because of the money they have spent on their country music talent Glenn Cummings.
He has been traveling across the country to radio stations promoting his new CD "Big". I saw his video on GAC TV. Guy has talent.
Anyway, here the scenario. TSBI did a reverse split in August of 04 (40:1) bringing the O/S around 14 mil. Since then they have issued 4 1E filings issuing shares for capital to fund operations. I thinking approximately 50 mil per. I am guessing the O/S is around 225-250 mil. Stock was sold down to a ridiculous bottom and this amount oustanding is nothing for a stock trading at .003. I am expecting news of financing and news that their investment in Gulf Coast record is paying off with Glenn Cummings. I think the real pop is around the corner. Old symbol was TSBB.....for board reasons.
This also could be just a bottom bounce, but with the recent people joining their BOD and moving corporate offices, I think financing and other things will be announced.
Might be able to trade in and out of this several times.
Good luck
Bryan
TSBI portfolio... By: pepperplay
01 Feb 2005, 03:50 PM EST
Msg. 528343 of 528390
Jump to msg. #
Portfolio for TBSI:
CUMMINGS FINANCIAL SERVICES, INC. 51%
GULF COAST RECORDS 49%
BUEHLER EARTH & WATERWORKS, LLC 51%
SPORTS NATION, INC. 100%
TS&B FINANCIAL SERVICES, INC. 100%
KMA CAPITAL PARTNERS, LTD. 25%
TS&B GAMING & ENTERTAINMENT CORP. 100%
WELLSTONE ACQUISITIONS CORP. 66%
Drillbit, yeah and sometimes they hurt! ouch
LOL, you got it Bo. Looking back, they have some decent press releases, looks like Jim Bishop is digging up some good info on this one. Sorry I don't have much info to share but the board keeps me in the dark as to whats going on! "wiggles his ears."
Very Funny Jim Bishop :)
MACH (TRBI) looks like they are holding it down a bit, I don't know what to expect with this one in the following days.
I have over 10% of tsbi o/s??? LOL
Mach, I'm seeing on Varoks board 14mln float, and lots of cash...fwiw.
TSBI exploding
MACH...HUGE clue you uncovered... In the post of yours I am responding to in row 7 and 8 it says he (Robert Maheu)
Policy Analyst
Government Operations Sector, canadian government. Does everyone remember some of the talk about the Canadian Government taking part in the mining in the area? VERY INTERESTING.
RJ Noodles...nice posting history! 2 posts now? desperate are we? Ha Ha Ha Ha Ha
willhub...actualy, I admire people that keep going. I think you didn't catch the spirit of the letter behind my posts. Yes, I wanted to know how old he is, but no I am not mocking his age. If you read my other posts, I think you can see that I was and am very impressed with this pr and man.