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not necessarily...if there are naked shorts then shares are outstanding but not issued
"Transfer agents keep records of who owns a company’s stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor’s brokerage firm in street name. They also keep records of how many shares or bonds each investor owns."
TA's keep track of the number of shares held aggregate in brokerage accounts and in certificates...they do not issue nor monitor corporate activities such as issueing or retiring stock...they handle the retail end of stock transfers between brokers, dealers, market makers, and individuals and then report that information back to the company. A transfer agent is used by a company to keep track of what is happening to their shares once released from or brought back to the treasury.
So, if there are naked shorts the TA would record those shares as held in brokerage firms...Thus, what is issued and what is outstanding can be two different things and in this case the abitrage would be the fake shares, aka the naked shorts.
Now, when a company does an audit they match the corporate records of issued shares and the TA's record of total shares "held in brokerage accounts" and "in certificate." If Urban knows he only released say, 70 billion shares and the TA is showing 400 billion held in brokerage accounts that would make him want to account for those 330 billion shares. How do you think he would he go about doing that?
Maybe Roger can answer that question in the upcoming days/weeks...
vign and cbrx retracing, might hop back in soon...
azpn still looks like its consolidating, maybe a late day bounce
sold and took profits on:
vign, early this morning @ 1.45
bcrx, @ 3.11
thos F*n mms just ran AZPN into my sell/stop and took it back up...I'm pissed
AZPN seems to have bottomed and is turning...
in @ 5.00
i guess its all a matter of perspective, rsi and stoch seem to say overbought and the intraday seems to show good resistance in the 8.60 - 8.80 area
will watch the volume tomorrow for confirmation of a stall or break out
atpg, looks like a good short with a tight stop loss
http://www.titangold.com/atpgchart_annot.gif
(cant post this chart for some reason)
in vign @ 1.39 - stop/loss in @ 1.34
cbrx @ 3.00 - 3.01 stop/loss in @ 2.91
both seem to be at the bottom of their channels...
wish i would have bought some mbws this morning after posting it here last night...up about 90%
anyone have any ideas what's going on with LIPD?
It's up like %30 in 2 days with no news... thinking about going short with a stop/loss @ 6 but this volume and pps action seems to say something big has leaked...
mbws...
i know this one's like catching a falling knife but it has to bounce sooner or later...R/S announced today and stock was punished...mms pushed it straight through the .015 - .02 range and left a nice gap that needs to be filled...
gonna watch and wait for some upward action before taking a piece of this one...
zkid...decent trend, watch for the dip in RS and Stoch...
stock is being diluted so watch for the selling volume and hop in when it subsides...
dumped all mine last week, looks like .055 - .06 is the next logical entry, unless it breaks through the top trend line on volume, then there could be a serious reversal.
ivac starting to move...we break 4.50 it could get interesting
watch ivac for a bounce today...
down almost %50 yesterday and over %70 of the float traded...supply seems to be exhausted
ha..i remember owning it around 4(geuss i sold a little too soon)
will keep a close eye on rhat tomorrow morning, long-term i would definitely go short...seems way overvalued even after the sell off
also gonna be watching pwrm and whrt for a bounce and fcel for a possible short
the volume on cypt seems to say bounce, would wait until I see some good volume to the upside though; who knows how long the MMs may shake shares, especially when volume dries up
another good bounce play for tomorrow
RHAT breakdown or bounce tomorrow?
if it breaks the 15.85 - 6.15 level on volume it could fill that big gap...
yup, great bounce play here...just need to the naz to turn to the upside and this should take off
futures look bad...
sebl looks to open flat
nwre looks to open up
have we seen the bottom for software and hardware?
caw looks like an interesting short today if momo dies...watch the volume and for a possible MACD crossover....
there is a technical name for it, not sure what it is though...I use excel for plotting long time frames but usually just 'sketch' the pattern formed after about a week for most short term plays.
it treats price/volume like an energetic system rather than just displaying it as a second dimension of time, as in a standard chart.
I also like to add the volume by price feature to the standard chart to better incorportate the price/volume relationship and see where the price wants to move in order to 'fill in the gaps' created by certain price/volume imbalances...
its when you make a grid with price on the y-axis and the volume on the x-axis. For a series of days you plot each day as a point by volume and price and watch how those lines begin to evolve...its a techniqe that allows you to map and discern changes in pps and volume as they together give a more complete view of what's happening with the stock price.
when the pattern devoleps into a clockwise loop its considered bullish(counterclockwise = bearish)
as the price moves down and to the right it indicates a decline in pps and an inrease in volume(distribution), then in moves to the left, as volume decreeases(consolidation) before moving up and to the right(beginning signs of accumulation) indicating a strong rise in pps and volume - very bullish.
A great and seldomly used tool for spotting reversals...
yup, software and hardware took a beating last week...think they may rebound a little this week...
i like sebl on the software side and neoware on the hardware side(pos. earnings, trading 1.4 x book), a few up days on increasing vol(need 1 over 500k) and the volume/price plots shows a clock wise loop...
almi; looks like a solid gann angle, look for it to bounce off the trendline...
bottom for seibel and software stocks?
Stoch and pps action seems to say oversold...volume by price shows some serious gaps that need to be filled...
in @ 8.20 - stop/loss @ 52 week low of 7.93
zkid...interesting chart
there is steady dilution, but on a predictable timetable, buy when the downside volume dries for a good .01/.02 pop...
thanks
cause im in zkid right now
spread is .077 x .084 and I have a decent amount for sale @ .083
I've seen quite a few of these trades go across but no partial fill in my account. possibly other orders before me @ .083 or are the MMs F*n with me to lower my order
question...
say you have a spread like .075 x .08 and there are decent trades going across the spread(10k shrs +), then small trades start going across like this:
first, 3000 9:50:51 .08
then, 3000 9:50:51 .079
2250 10:12:12 .08
2250 10:12:12 .079
etc etc.
is this just the MMs painting the tape? a technical blip? and if it is painting the tape why make it so obvios with the trades at the exact same time, size, etc.?
TIA
agree...
in @ .073, .075, .077, and got more today @ .08
gonna start taking profits @ .09
My take on the O/S
*using the filings we have and a ton of assumptions
As of January 15, 2003 O/S was 7,241,653,404(see filing)
2.8 billion shrs to Urban(see filing)
"In order to finance the merger with the Casavant Mining Claims, the majority shareholders' approved the Company's financing plan which to date totals $2,000,000 USD."
2 mil/ .0014 = 1.5 billion more shares(not sure about this)
1,060,000,000 shares to consultants...
TOTAL FROM FILINGS - approx 12,600,000,000(problematic, seems as if still only authorized for 10 bil...)
August 03 - 2 for 1 split - 25.2 billion
August 03 - 3 million dollar expl with Durama / 2(assumed they paid for half) = 1.5 mil / .0001 = 15 billion shrs
"In 2003, expenditures of $2,762,064 Cnd ($1,807,469 USD) will be required to retain the claims"
= about 18 billion shrs
Need cash for operations - Annual expences( i.e. aerial surveys, diamond testing, prs, filings, administrative costs, transport of rigs, wages etc etc etc)
- maybe another 3 million or so?(again a BIG geuss)
= 30 billion shares
TOTAL before retirements = about 90 billion
- 20 billion
- 16.5 billion
Total after retirements = about 53 billion
Jan/04 - CMKM announces purchase of drill rig, accessories, and extra equipment for drilling. Company Signs One Year Contract With Experienced Drill Foreman to Oversee Drill Operation. Program - Commits to Drilling Numerous Holes in Search Of Kimberlite Pipes in the Forte a la Corne Area and Green Lake Area
- maybe a million for rig and eqipment?
- maybe .5 mill for expert and team?
1.5 million expenditure / .0001 = 15 billion shrs
Feb/04 - CMKM announces the company has obtained funding for US $1.8 million with a further pledge for US 3.2 million.
- jus the 1.8 so far
- financing was IMO collateralized by issueing equity
1.8 million / .0001 = 18 billion shares
June/04 - CMKM Diamonds, Inc. Announces It Has Retained D. Roger Glenn, Partner at Edwards & Angell, LLP as Securities Counsel
- retainer maybe 2 billion shares(2 bil x .0002 = 400k + anticipated pps appreciation from upcoming news)?(Another BIG geuss)
GRAND TOTAL - about 88 billion
So - I'm going to say we are prob around 100 billion outstanding
This is all assumption(except for whats in the filings) but offers a ballpark figure. If you believe Urban raised more than 3 mil for administrative expenses(my geustimate from above) than the O/S should consequently be higher...but not by much
if he were going to raise any more cash by issueing more stock(which I personally feel he did) he would have done it within the last 2 weeks knowing the pps would run on the lawyer/diamond news.
so @ .001 he could have raised another $10 million dollars by only printing another 10 billion shares leaving the O/S still under 100 billion(by my calculations)
Please respond with any feedback or revisions to my numbers/calculations/assumptions...
link to the SEC filings - http://sec.gov/cgi-bin/browse-edgar?company=casavant&CIK=&filenum=&State=&SIC=&o...
as of 9:45
volume @ .0005 - 13,099,999
volume @ .0006 - 271,554,493
Trade vol. @ .0005 - 90,956,643
Trade vol @ .0006 - 1,565,928,371
Trade vol @ .0007 - 121,126,578
they'd probably hang up before i even finished my question...
haha...i don't know about that
I just feel like calling up Jeffries & Co. and asking them how many of those shares do they have the certs for...
so far this morning JEFF has sold approx. 1.4 billion shares @.0006...
JEFF has sold another 400,000,000 @ .0006
this is great...they've sold almost a billion shares so far and no move up
I geuss the MMs / SEC / NASD slept through econ 101... who heard of supply and demand anyway...
while JEFF and CRWN were on ask for 10 min. they sold just under 500,000,000 shrs...
A majority of the trades this morning are at the ask and yet they are still moving us down...
Now JEFF is back @ .0006 ...where are these shares coming from? its really getting frustrating - dilution or shorting?
Another wall @ .0006 - whats with all this supply??
09:50:36 8945000 0.0006 + OTCEQ_NBB
09:50:21 1000000 0.0006 + OTCEQ_NBB
09:50:09 1000000 0.0006 + OTCEQ_NBB
09:49:57 444400 0.0006 + OTCEQ_NBB
09:49:45 2000000 0.0006 + OTCEQ_NBB
09:49:33 1258333 0.0006 + OTCEQ_NBB
09:49:30 980000 0.0006 + OTCEQ_NBB
09:49:15 9000000 0.0006 + OTCEQ_NBB
09:49:15 1000000 0.0006 + OTCEQ_NBB
09:49:15 5000 0.0006 + OTCEQ_NBB
09:49:09 997234 0.0006 + OTCEQ_NBB
09:49:03 1800000 0.0006 + OTCEQ_NBB
09:49:03 3000000 0.0006 + OTCEQ_NBB
09:49:03 3000000 0.0006 + OTCEQ_NBB
09:49:03 1200000 0.0006 + OTCEQ_NBB
09:48:33 2000000 0.0006 + OTCEQ_NBB
09:48:21 210000 0.0006 + OTCEQ_NBB
09:48:03 250000 0.0006 + OTCEQ_NBB
09:48:03 1000000 0.0006 + OTCEQ_NBB
09:47:39 4287230 0.0006 + OTCEQ_NBB
09:47:39 9000000 0.0006 + OTCEQ_NBB
09:47:24 3000000 0.0006 + OTCEQ_NBB
09:47:21 1500000 0.0006 + OTCEQ_NBB
09:47:06 1000000 0.0006 + OTCEQ_NBB
09:46:57 651000 0.0006 + OTCEQ_NBB
09:46:57 900000 0.0005 - OTCEQ_NBB
09:46:51 9000000 0.0006 + OTCEQ_NBB
09:46:51 1000000 0.0006 + OTCEQ_NBB
09:46:48 612700 0.0006 + OTCEQ_NBB
09:46:39 2000000 0.0006 + OTCEQ_NBB
09:46:33 4999999 0.0006 + OTCEQ_NBB
09:46:27 1000000 0.0006 + OTCEQ_NBB
09:46:27 9000000 0.0006 + OTCEQ_NBB
09:46:24 1000000 0.0006 + OTCEQ_NBB
09:45:57 900000 0.0006 + OTCEQ_NBB
09:45:54 100000 0.0006 + OTCEQ_NBB
09:45:54 100000 0.0006 + OTCEQ_NBB
09:45:48 3000000 0.0006 + OTCEQ_NBB
09:45:48 9000000 0.0006 + OTCEQ_NBB
09:45:48 9000000 0.0006 + OTCEQ_NBB
09:45:48 9000000 0.0006 + OTCEQ_NBB
09:45:45 800000 0.0006 + OTCEQ_NBB
09:45:42 900000 0.0006 + OTCEQ_NBB
09:45:42 1000000 0.0006 + OTCEQ_NBB
09:45:42 1500000 0.0006 + OTCEQ_NBB
09:45:42 700000 0.0005 - OTCEQ_NBB
09:45:39 3000000 0.0006 + OTCEQ_NBB
09:45:33 3000000 0.0006 + OTCEQ_NBB
09:45:27 9000000 0.0006 + OTCEQ_NBB
09:45:24 3500000 0.0006 + OTCEQ_NBB
09:45:24 3500000 0.0006 + OTCEQ_NBB
09:45:12 800000 0.0006 + OTCEQ_NBB
09:45:06 2000000 0.0006 + OTCEQ_NBB
09:45:06 9000000 0.0006 + OTCEQ_NBB
09:45:06 9000000 0.0006 + OTCEQ_NBB
09:45:03 2500000 0.0006 + OTCEQ_NBB
09:45:00 770000 0.0006 + OTCEQ_NBB
09:44:57 400000 0.0006 + OTCEQ_NBB
09:44:57 500012 0.0006 + OTCEQ_NBB
09:44:54 705000 0.0006 + OTCEQ_NBB
09:44:54 1000 0.0006 + OTCEQ_NBB
09:44:51 166666 0.0006 + OTCEQ_NBB
09:44:51 3000000 0.0006 + OTCEQ_NBB
09:44:51 300000 0.0006 + OTCEQ_NBB
09:44:48 500000 0.0006 + OTCEQ_NBB
09:44:48 9638333 0.0006 + OTCEQ_NBB
09:44:45 1200000 0.0006 + OTCEQ_NBB
09:44:45 2000000 0.0006 + OTCEQ_NBB
09:44:33 200000 0.0006 + OTCEQ_NBB
09:44:30 4000000 0.0006 + OTCEQ_NBB
09:44:27 840000 0.0006 + OTCEQ_NBB
09:44:27 460000 0.0006 + OTCEQ_NBB
09:44:27 3000000 0.0006 + OTCEQ_NBB
09:44:15 1000000 0.0006 + OTCEQ_NBB
09:44:15 1000000 0.0005 - OTCEQ_NBB
09:44:06 1500000 0.0006 - OTCEQ_NBB
09:44:06 50000 0.0007 + OTCEQ_NBB
09:44:03 850000 0.0006 + OTCEQ_NBB
09:43:57 999999 0.0006 + OTCEQ_NBB
09:43:54 350000 0.0006 + OTCEQ_NBB
09:43:54 999000 0.0006 + OTCEQ_NBB
09:43:54 700000 0.0006 + OTCEQ_NBB
09:43:51 999999 0.0006 + OTCEQ_NBB
09:43:51 500001 0.0006 + OTCEQ_NBB
09:43:51 999999 0.0006 + OTCEQ_NBB
09:43:51 999999 0.0006 + OTCEQ_NBB
09:43:39 400000 0.0006 + OTCEQ_NBB
09:43:30 1000000 0.0005 - OTCEQ_NBB
09:43:30 9000000 0.0005 - OTCEQ_NBB
09:43:24 3000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:24 9000000 0.0006 + OTCEQ_NBB
09:43:12 1250000 0.0006 +
That's exactly my point. There are people who argue they are not manipulating this stock, and there is no short position...
I DID MEAN SHARES
ready...
9,000,000 shares/trade * 33 trades + 3 million shrs =
3 0 0 , 0 0 0 , 0 0 0 SHARES
am i going crazy???
Last Hour of Trading Stats(Amazing how many shares JEFF sold)
Trades @ .0005 - 10
Volume - 8,643,000 shrs
Trades @ .0006 - approx. 660
Volume - 1,935,666,639
Now if market makers are supposed to facilitate a liquid and 'equitable'(lol) trading medium then how could they allow such an imbalance of orders...
If they were trying to seek maximum value from the spreads they would raise the price and allow the buy orders to 'run out of steam'. Instead they choose to sell(short, print, whatever) almost 2 billion shares while the market was demanding a higher price.
Now try and argue against the fact that these SOBs are trying to keep the price down. 2 billion vs. 10 million and no price change...give me a f*cking break
no
33 trades for 9,000,000 a piece + a 3,000,000 @ the same time for .0005
lets do the math....
33 x 9,000,000 = 297,000,000 + 3,000,000 =
300 MILION