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I'll bet they can't, though. If they can, why don't they? And Ammerman's first PR on the subject was absolutly INSANE.
I get VERY tired of answering that question. I'm here because I like to have fun. And this is a very funny story.
lol, what shorts?
It will most likely start out like GEMM's mine.
Not a very inspirational example.
It's been an amusing evening.
Yea, dilution that may bury anyone that's short in this stock if it stays in business very long or really becomes operational.
They're years away from being operational.
Impressive! But shouldn't he have hooves?
Yep but I still like the concept of choosing individually when to convert.
That's what makes it dilutive.
LOLOLOLISSIMO!! Noooo, it isn't usually a problem.
Huh? They're doing exactly what every other sleazy penny stock out there is doing: screaming about non-existent short positions and issuing divvies.
Yep. Nobody ever realizes that Flossie has x-ray vision.
I just like the fact that she's gone sooo over the top of Urbie.
Yep. Incredibly bold. The Queen of Zeros.
and I actually like the idea of a divi of preferred that can be converted to common whenever you choose.........
Can you spell "dilution"?
The registration? Not really, unless she finds a sleazy lawyer prepared to write an opinion letter.
You remember: that's what Urbie did. And he ended up in a world of trouble.
these shares can then be traded right away with no restrictions.
No they can't. First she has to create them, and then she has to register them.
I think so. Those cows are obvioulsy in an "undisclosed location".
Wow. Scary. But I think it was actually shot by Dick Cheney.
What I find strange is that she's so obviously making it all up as she goes along.
Maybe she should go back to running the DoM.
She's the company so she creates them through corporate amendment? Can't she do that?
She probably can, but apparently it hasn't occurred to her to do it yet. She's also said it'll be freetrading. She can't do that without registering it.
Hope he'll soon be fine. What's "valley fever"?
lol, I don't find that very persuasive.
Would he release a PR on it and put his A** in the sling. Their PPS is thru the roof.
So the price would go throught the roof?
I love his new term...SHORT SELLER CAPTURED CAPITAL.
I love it too, even though it makes no sense whatsoever. snicker, actually that's WHY I love it.
I originally thought it went to .0001 because PAIM was dumping shares. I was wrong.
How do you know? If Pearl were dumping, do you think she'd tell you?
Whoever is advising her is a complete idiot. Pearl isn't someone who should be drawing attention to herself.
What if the Nasdaq found out that she's told shareholders she was giving them preferred stock, when in reality the preferred class hasn't existed for several years?
I don't think the enforcement guys would be very happy with her.
She tried screwing the shorters by doing a forward split, but that didn't work...
Don't be silly. She said nothing about shorts at the time. She just thought a forward split would drive the price up, and it didn't. Then she tried to do a reverse split and screwed that up too.
And once again: PAIM does NOT HAVE a class of preferred.
Isn't the loftworks CEO the same one who put out a PR a couple of months ago stating, and I quote, "dilution is the solution"?
Yep. Too comical.
Hmmmm well you get preferred which can then be converted to common whenever you want instead of a divi of common right away so I'm not sure that's been tried before..
But there IS no preferred. It doesn't exist anymore.
Never seen a squeeze Janice ever?
Oh yes. I was long Iomega back in 1996 when it was squeezed. That was NOTHING like the kind of bs that goes on with penny stocks. The agony of the shorts was very very apparent.
I've never seen anything similar in a penny stock.
In addition, it seems that the company that's merging with him had some questions, so he had to come up with some answers, however implausible.
He and company insiders bought more shares than are available...
How, exactly, did they do that? Here's what I think, and I've said this before: Ammerman issued some toxic paper without realizing what the consequences would be, and now he doesn't want to take responsibility for it.
I'm curious as to what this PR is going to be.
I'm curious about what the divvy is going to be.
This is a divy of another kind and never tried before as far as I know by any other company at least in this way.
I'm not getting this. In what way is it a "divvy of another kind"?
Moreover, as several here have pointed out, the original reason Pearl gave for the divvy was that she wanted to correct the screwup she made with the original split. She's only been talking about shorts for the last few days.
I've commented on LWFK a number of times. I find Ammerman's PRs entirely incomprehensible.
Ammerman is orchestrating one "mother" of a short squeeze....
Don't look now, but "orchestrating" a short squeeze is considered by the SEC to be stock manipulation.
I did. But I certainly don't think keenly is an MM.
The stock price jumps because the gulliblers actually believe there's a short position in the stock. A self-fulfilling prophecy. I've seen it a million times. But there's never any sqeeze.
It's exactly like CMKX's unsuccessful "trap". What difference do you see?
do you think any brokers or MM's now know about a pending 10K????
No. Why would they?
I take it you have not noticed all penny stock runs lately?
Of course I've noticed it. It isn't short covering. It's just people piling onto the big diluters.
Of course they have. It's just the old "offer a divvy to flush out the shorts" play. What actually happens is that--over and over again--people buy because they think something will happen. It doesn't, but Pearl won't mind as long as the price goes up.