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He made a brief appearance last night, offering to bet that CMKX's o/s was less than 15 billion. Several people were willing to take him up on the bet, and suggested $1000 as the stake.
He disappeared immediately.
Has he [Willy] really not been around???
They did not release a PR.
If not, why didn't they issue a REAL pr much earlier, and demand that the "fakes" be removed from the sites where they were posted?
Could this just be a communications problem?
What bs. This is a rumor that deserves a quick death.
That News PR may have been a FAKE!!
The RB posters can spin anything at all.
That would be stock manipulation.
s it possible they wanted to send out a mediocre PR today to shake all the weak hands out in preparation for a much more positive PR tomorrow?
Though they actually SHOULD put out a PR containing the information made public by CPA and KPG.
Given the theories on how orchestrated and well planned this "pump" was, wouldn't they managed to have brought it up even higher first
I think that just wasn't possible, because there's so damn much stock floating around.
and more importantly wouldn't the crash have been faster and harder?
That's the other side of the coin: the pumpers have created many true believers, who won't sell no matter what. In addition, probably at least some riding "free" shares have decided to hold, at least for now.
It does?
This tells me that they don't even have the details yet.
Tells me that CPA and KPG don't want to give people information over the phone. I imagine that they're quite properly standing by their press releases and not discussing them with the public.
lol, yes. I sense some annoyance on the part of Rick Walker. Will the partnership continue?
The thurs PR screwed the JVs and they had no choice but to fire back.
Oh my. So to sum up Melvin's contribution: "Maybe we'll find something worth mining one day".
Gotta say, that PR was one of the biggest anticlimaxes I've ever seen...
we need to get a MM on our side, to see what they think, how they work, and make some money on the side. I'm actually kind of surprised that no one on this board has a friend that is a market maker or something like that, at least a distant relative of some sort.
This board is quite informative. In the first few hundred posts, Gene explains a lot about his work:
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=36413
And most of the time that's true.
i've heard Ex MM's say they dont know or care wtf these companies do, lol.
Interesting day...
HELLO???
I thought it interesting for the pessimists because this tells us that CMKX has known all along what the O/S...
Of course they do.
LOL!! And why do they think a 12% short position is so outta whack? Note that they DON'T say it's a naked short position.
You might want to check out StockLemon's report on WHIS:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JGMHA&read=54529
No. The answer is obvious.
Did you ever wonder why Etrade, Ameritrade etc. can count a few billion shares but conveniently can't count more than 4 billion.
Impossible, Willy.
janice, I'll bet CMKX has less then 15 billion issued shares!
We can assume that Urbie and his family own at least 50% of the o/s. No doubt his jv partners also own some. And we know that at least once he gave a tout sheet a billion shares for about an hour's work. Who knows how much was sold to pay the attorneys and the racing stuff?
Your estimate is WAY off.
lol, yes. His deification really is quite amazing.
Fifty cents? As someone just said, that's INSANE. Without a reverse split.
soo lets say this company has a silly amount of o/s and can only make it to 50 cents and stay there..
fwiw, Sterling's Pupils were reporting earlier that the company website boards have been zapped again:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=21027
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=21046
It's pure fantasy. Somebody's invention. Read it again. Makes no sense whatsover.
I just finished reading this. It is an outstanding! details naked celler shorting, just an awesome read.
Sure, but most very cheap pennies DON'T run like these two, so your risk is high.
Nope.
but do you know of any broker that will allow shorting of a pink sheet stock, and if you find one, is the margin and maintenance less than 100%.... PLUS .50/share?
I took your question in a general way, as being about shorting anything. What many message board participants refuse to accept is that shorting pennies--even if you CAN find a broker willing to do it, which is impossible in the States--is very risky and very very expensive.
You really haven't been following this stuff, have you?
What I find so interesting however is that the stock is down 38% since February ... the exact time that the new rules against naked shorting were passed/implemented (by the way it is my understanding that NITE was instrumental in getting a "grace period" of 30 extra days from the SEC to "ease the transition").
The new Nasdaq rule was supposed to go into effect at the end of February. It was postponed for ALL market makers until the first of April. Nothing whatsoever happened when it became effective. No wild short covering, nothing.
I'd say the jury's still out on both companies. I wouldn't take either seriously--as an "investment"--unless they go above a dollar and stay there.
I've answered that question about as many times as CMKX has shares outstanding.
Sure. But not within a week. To me, the amount of the o/s is just as important as the core results.
So i can expect you to make a reversal on CMKX if this follows suit like QBID then?
lol, at least Urbie isn't a convicted felon.
lol, exactly...
but I was wrong for the right reasons and the pumpers were right for the wrong reasons!
Hey, I never said I was here to save anybody. We all make our own decisions, and those decisions are our responsibility.
I was once negative on QBID. I still wouldn't place any trust in Olson/Olsen. They do, however, have a Plan of sorts. And as I've said before, I think they got a tremendous lift from the recent popularity of gay lifestyle shows like Queer Eye.
Were you negative on QBID as well?
What are they predicting over at RB? Anyone know?
My Guess Per Tommorrow .0008 to .0012
Sure. Is that any different from hyping a stock you're long on? In either case you cross the line when you start making things up.
Not unless you consider those who short stocks while bashing them in order to drive down the price. This certainly does happen.
Hell no. He was paid to promote PCBM and many other stocks.
Just seemed to me like he was on the "basher" side of the sleaze
Poor analogy. The existence of bin Laden is amply documented.
Nobodys found Bin Laden either.........doesn't mean hes not out there.
Why do you think there's any short position?
I believe the shorts are trapped.
Oddly enough, none that I know of.
Is there a legal way to force disclosure of the O/S?
The SEC should fix this. It'd be easy. They need only say that they'll yank the registration of any company that refuses to update its share structure monthly.
Nonsense. INOV wasn't shorted, naked or otherwise. There're plenty of shares to go around.
that's what happens when there is a nakid short...
they have "ISSUED" shares to ME that they DID NOT HAVE !!!
You didn't insist on ordering certs by any chance? If not, it was probably just a screwup.
lol, I don't think he's in the promotion biz anymore. Was he the one who went to Spain, or am I thinking of another one?
What about that Mark Rice guy, several years ago in PCBM?
Good description of INOV.
You can't PROVE anything one way or another but, if it smells
like a pile of crap and if LOOKS like a pile of crap and it
FEELS like a pile of crap when it goes through your TOES...
you shouldn't have to TASTE IT to have a good eyedeer of what
you are dealing with !
What? Schwab doesn't issue shares. Companies issue shares.
Maybe you could explain why EVERYONE that I talked to got
their shares within a few days and it took Schwab MONTHS
to finally issue my shares ???
"Paid bashers" are an urban legend. Find me ONE documented example.
I find it very strange that Janice can point out how there are a great many "Professional Promoters" involved with this stock, but theres no mention of professional.bashers.........hmmmmmm.
They've done it in the past.
Why would they be? It doesn't seem like they HAVE to.