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I'me buying at the Duck !!
Where's Tonya ?
I know someone whose feeling real good he snapped up all those @ 1/2 a cent when it dipped that day LOL
Yep maybe needs a bit of a retrace
But there are plenty of buyers and not too many shares .........
Its just so nice for all us poor retails to see Cornell and the rest of the crooks get busted.
Hopefully it has made for a more level playing field for all.
GLTY
Speeds
Interesting to see from the new chart up in the box just where MLXO was before Cornell started naked shorting this
Circa 0.50 C + !!
This is sooooo nice after all those months .
It looks like deals are being done and this should come to Cornells turn - if their smart.
At which time Tom should be free to make an announcment and get back to running his own business instead of Cornell f ....g it up !
Beat ya ! LOL
Should we sue Cornell ?
Deals being done .........
REUTERS UPDATE 1-US SEC settles with hedge funds in PIPEs scheme [FWZYBTF]
(Adds details of alleged actions, lawyer no comment)
WASHINGTON, March 14 (Reuters) - Hedge fund manager Jeffrey Thorp and three New York-based hedge funds he manages have agreed to pay $15.8 million to settle charges they engaged in an illegal trading scheme to evade registration requirements with 23 securities offerings commonly referred to as "PIPEs," U.S. regulators said on Tuesday.
The U.S. Securities and Exchange Commission said the three hedge funds -- Langley Partners, North Olmsted Partners and Quantico Partners -- and their portfolio manager Thorp, agreed to the settlement without admitting or denying the charges.
An attorney for Thorp did not immediately return a call seeking comment.
Thorp and his funds reaped more than $7 million in ill-gotten gains from the illegal transactions between 2000 and 2002, the SEC's complaint said.
The penalties include $8.8 million in disgorgement and prejudgment interest and a civil penalty of $7 million.
The SEC said Thorp and the funds, after agreeing to invest in a PIPE, or Private Investment in Public Equity, transaction, typically sold the issuer's stock short. They frequently did so without having borrowed the stock first -- a practice known as "naked" short-selling -- in Canada.
A short sale is a bet that a company's stock price will decline. In many PIPE transactions buyers agree to pay a price below the open market stock value before the terms of the deal become publicly available.
In one instance, Langley bought 100,000 shares of MGI Pharma Inc. <MOGN.O> for $11 a share in a PIPE offering and immediately shorted the same number of shares at a public market price of about $13. Once the terms of the PIPE became effective, the fund effectively covered its own short with the $11 shares, pocketing a net profit of $235,500, the complaint said.
Thorp avoided detection using a variety of techniques to make it appear that he was covering his short sales with open market purchases, when in fact Thorp was on both sides of the trades, according to the complaint.
The SEC said his deceptive techniques included "wash sales" in which he got broker-dealers to register as market makers in a PIPE transaction. In such cases, Langley would sell the PIPE shares to the broker which then sold the same shares back to him.
(c) Reuters 2006. All rights reserved.
You love it -
Whatever happened to mud ??
MF --- Inevitable,
Must have had the copy ready.
Now trying to make the NY Post article credible also!
A link to the gutter press is bold ......
Feel especially pleased for you Wanto
Your one patient guy !
Is EZ on it?
It was one of his ages ago I believe .....
LOL
Niceeee
How you do that !!
short thread here on this subject
reply takes the game to its ultimate end.
http://www.investorshub.com/boards/read_msg.asp?message_id=9946846
However other things have happened.
Money in Banco de Brazil somehow became EU syndicate of Banks.
Strange deal from the outset
25% downpayment without any performance or Bank guarantees demanded off GTE for tech that GTE hasn't proved yet !
Couldn't complete the former so double the initial payment again without guarantees !?
Meyer steps down
Seems GTE is now able to look for another partner next week.
This time it would be hoped they structure a deal which is normal and workable instead of shouting about numbers.
suppose we have to wait for Motley Fool and others now to shake further confidence
Actually Pit and Meyer made me rethink and so far new strategy is working well - in and out in and out.
Don't think I will be ahead of Midi though.
Anyone else get those $2.50 options ??
GLTA
Good find by Rhapsodyinblue (posted to wrong board)
Defence conference last week in Belgium.
(Belgium the host to SHAPE and NATO)
From the conference programme
Sanswire family of Airships - Uses for the Airship
Homeland security support capabilities
mobile communications relay for surface and air troops
battlefield tactical communications relay
Real-time immediate orthorectification image processing
command and control uplinks and downlinks for time critical ISR data
GPS and SATCOM data/communications relay
data relay to or from AWACS or JSTARS assets to other air or ground assets
extensive electronic warfare (EW) system platform to aid "blue force" operations
Bob Jones, President, Sanswire Networks, LLC.
Professor Dr Bernd Kroeplin, Project Co-ordinator, University Of Stuttgart Institute Of Sanitary Engineering.
You have too read this a little more carefully
“The Islamic Republic of Iran is resolved to provide Asia with the energy it needs as a reliable and effective source of energy and will not use oil as a foreign policy,” he told a conference on energy and security issues in Teheran.
The point here is that they will provide Asia with all it wants.
They are doing major deals with China, India and the rest of Asia. China alone will take all Iran wants to pump and sell to them.
There will be little coming from Iran to the West.
But the worse off this is that Iran commences its own Oil market (bourse) this month, with deals exclusivly in Euro's - no longer dollars.
So I am afraid it is still little or non of Irans oil for the West.
Non from Iraq, Venezula Russia or maybe even Dubai soon.
who do we manage too allienate next ?
real smart ......
Anything could happen with him but cant see the point really. Todays trading shows the turnaround IMHO
He's lost
LOL
GLTA who have stuck this out through thick ones (new. volakin etc AND the fraudsters Cornell.
With any luck he might have gone off crusading in dangerous lands never to return ...........
http://www.investorshub.com/boards/read_msg.asp?message_id=9789550
Sod churning out CD's - build the casino !! LOL
New HOD .028 @ 2 mill traded !
Bid is now above the PPS !!
Telling !
LOL
Things moving on relativly little volume and holding.
The connection with Nascar has been made !
Good move putting it on the header guys
Thanks
I think the last poster got lost,
Anyway before anyone even thinks about that pump on loftwerks go over to Lowtrades board to see his in depth DD on it !!
Were moving !!
GLT (almost) All
Thanks for the DD Investo,
Nascar ehhh
This is getting fun
Managed to get some more this week. now just about riding free and in the green.
Indeed.
The uncanny nack explained perhaps ?
Congrats
You said you would get back in below 1.70 and you did !!
in2lite
Looks to be trading sideways/consolidating presently.
There is some credible board interest but it maybe a hangover from its recent rapid rise.
ADX is way up
Vol dropped off considerably.
Go see lowtrade on his board.
I see both low and kengoodrich have looked at this today.
Check their threads ?
Better men than I LOL
GLTY
It was over 3.4 in PM,
Usually a good indication of where it might go.
3.5 is obviously going to be harder.Its tried and signs for a close over or near are good.
IMO all eyes again on the Russian downpayment of course, not least because its also a real credibility test for GTE.
But this has obscured (IMO) what is going on with Telecoms sector this week.
Besides AT&T bid T/O
Verizon and all fibre optics are in focus.
I am at a loss to understand why the market is throwing big bucks at the old T comms. and their overburdening infrastructure/overhead costs when the future is so obviously WIFI/VOIP/WIMAX.
Have a good week all, GTE will be tested increasingly into the week - in fact until the deposit lives or dies.
Whooo Bourg
That post was from way back in July.
You certainly do your DD LOL
No not the same because we think that Cornells 'modus operendi' has been curtailed by the investigation.
Seems to be a real stock of interest today and came up on my radar last week.
Wouldn't bet the house though (on anything)
GLTY
LOL
Cant fault your enthusiasm.
One thing though.
Getting the money and contract is the easiest part (was this easy ?? !!).
(A lot of contracts go wrong from the outset because management seems to think that getting the contract and downpayment is the success and not the timely completion of it)
Performing the contract and getting it working (in Russia too boot) is another.
It aint going to be easy .......
Hopefully they will have Uli Atvar fully involved there ...
GLTY
And thats the kind of banker/contract language I have been waiting to hear LOC 'Letters of credit' !
Now GTE needs to give the Russians performance bonds
The deal looked extraordinary naive and faith based when first announced.
Looks like my scenario wont play now the russians are on the hook.
If it doesnt happen it looks like the fault has been planted at the russian partners feet.
No doubt GTE will look elsewhere for another partner if this doesnt close shortly by the sound of todays announcement.
Deleted massage !!!
Have a good day all.
FNSR
Still a smooth mover pilgrim !
Sure beats the GTE ride LOL
GLTY
Excellent calls all the way,
They seemed determined to get it down all day without any respite
Should have been a bounce somewhere today LOL
I saw you posted it would be below a $ by tomorrow earlier in the week.
They sure were intent on seeing it down there.
Think I will watch (as it bounces now I am out!!)..
Uncanny Vinobby,
Seems we have been making virtually the same trades on DCN.today
In too quick this morning,
Covered around 1.25 and out @ 1.07
Must say didnt feel it would go down to this level before tomorrow.
Must be another bounce left in it ....
GLTY
With $600M to flash around they sure could own the company.
Your right they do have the capability, facilities and tech to do that.
Guess we shall see if they are freind or foe today .
Jim Profit,
I see that the idea of the Cargolifter seems to have come to an end in 2002.
Seems the giant hanger has become some sort recreational space.
I have looked at the cargolifter site as well as lindstrand's (he had a hand in development construction) and others you linked too.
Any idea why it didn't 'get off the ground' ?
The SEC is rather impotant against a faceless offshore entity who might even be trading through Berlin or Frankfurt.
Mind you if this was to happen I would have thought it would have been instigated weeks ago.
Thereagain the existing short position would be a start
I've got another scenario for you Pit,
Be late with the payment.
wait for the pps to drop below $2.00
Buy the float with $150 mill.
Transfer the other $150 saying the rest is on the way or stagepayment etc
watch the pps double
Just made $150 mill ! !!!!
GLTA
LOL
Yep. Too much left to speculation unfortunately.
Sitting on the fence to a large extent here, and its less nerve racking !!
Playing elsewhere meanwhile ........
GLTY
Thanks good2be,
would be nice as you say to publish more details and a pic or two too !!
I will go to the fount of knowledge and see if rock knows the answer to the question of Kestrels replacment for the engines.
Thats been on my mind for some time now.
Yep thought I had seen it before.
Its here on the GTE website
Tethered hanger float test
http://www.globetel.net/