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Did you ever think the information they will release could impact the share price in a much different direction than you are characterizing?
Pressure seems to be constantly on, how long can they stonewall? The paper will keep the investors informed; I believe there is more to the Sam's story than we know. Maybe it's just me; if I had the information to prove I wasn't a bold faced liar, I would hand it over in a "New York Minute". AF’s, Middle East deals seem impossible to come by.
The paper is being stupid with their web site; they should use the huge increase in page views to sell advertising like most busy sites do. What US citizen is going to subscribe to the Windsor Star?
It seems we have huge potential revenues around the corner; the temporary increase in shares should not be a negative since revenue from this JV will be more than enough to offset the impact. I see the increase as a necessary evil; money must be spent to move forward. Achieving huge revenues in the future, I can see a point where the company will buy back shares and seek a listing on a higher exchange. The pinks are huge risk for reward or loss; I like my chances with IPKL. This company keeps it's shareholders informed, a big step ahead of others.
I can't wait for you to get it. I wish you the best of luck in the very near future.
Buy the strong dips and sell the news. JMO
At this time the only thing I believe about SLJB is they sell lumber.
I think this will have many opportunities for flipping. I plan on buying the dips and selling the news for a while to make back some of the profit I lost. I'm not sure the company is legit, sure looks suspect to me. I do think they will attempt to put a positive spin on things with new pr's, could be a flippers dream.
portlander10 & americano,
Thanks for the response; I agree things look good for a run and good long term. If IPKL can get only a small portion of this market, the returns should be great.
I am fairly new to this board; I started to accumulate shares at the end of September and spent a fair amount of time doing DD on the company and its mine safety products. From what I see, I like the company and the direction they are pursuing. I see that they have increased the AS recently.
Is the company planning to use the shares as part of the joint venture? If they are dose anyone know if they will be restricted? Have they said anything about selling more in the market to raise additional funds?
I’m waiting for news on the JV as I am sure everyone else is. It seems to me they may have a deal in place and need to cover the expenses with restricted shares or dilution. If anyone can shed more light on the above, thanks in advance.
Thanks for the update.
They can provide a PR stating they own Sam's, why not the AF or proofs positive that the ME deals are real? Buying time? They probably figured they should buy SAMS at the time to legitimize the company and put some verifiable facts before the shareholders. They could have easily raised the money to acquire Sam’s selling shares into the big run up.
Is that supposed to be news? It was a small potato deal, what about the other deals, why can’t Steve issue a pr backing them up? Put out phantom financials and confirm all deals. This is only a small part of what they have claimed.
No ME deals IMO.
Why don't they confirm the ME deals as well?
The penny players dream, I hope so too.
More Katrina victims are in trailers
Nov. 22, 2006, 7:39PM
By STACEY PLAISANCE Associated Press Writer
© 2006 The Associated Press
CHALMETTE, La. — Cradling an 18-pound turkey, Hurricane Katrina victim Nancy Prattini hauled groceries from her minivan, preparing for her family's first Thanksgiving dinner in their cramped FEMA-issued trailer.
"It won't be the same, but nothing will be the same anymore," said Prattini, who is making dinner for 12 on Thursday.
Nearly 15 months after the hurricane struck, the number of Katrina victims who will be spending Thanksgiving in FEMA trailers this year will paradoxically be far higher _ roughly three times greater _ than it was last year.
The reason: Many people who were living with family members or staying in hotels at government expense last year have since moved out or been evicted. But they have been unable to return to their homes because they are still waiting for their houses to be repaired, their insurance to come through, or the water and electricity to be turned back on. Or they have yet to decide whether to rebuild at all.
More than 99,000 families in Louisiana and Mississippi are living in FEMA trailers, compared with about 34,000 last November, according to the Federal Emergency Management Agency.
Biloxi, Miss., resident Jessica Lessard and her family are spending their second Thanksgiving in a FEMA trailer, but things will be different this time: FEMA just sent her family a spacious three-bedroom mobile home to replace the tiny camper they have been in for the past year.
"Thank God," Lessard said. "We can actually walk around, and we have a dining room table. It's really nice. It has six chairs."
Lessard said her family is looking forward to having room for company this Thanksgiving. "Last year, it was really rough," she said. "It was just us. We couldn't cook our turkey in the stove. It wouldn't fit. We had to take it outside and fry it."
Many of those who spent Thanksgiving in trailers last year blew the fuses while cooking or had to eat in shifts around the tiny tables. So some are making different arrangements this year.
"We're going to Disney World," said Jeff Howard, who is rebuilding his flooded St. Bernard, La., home. "We're not dealing with this again."
James Gonzales, a St. Bernard Parish firefighter who also has a bigger trailer than last year, said his wife and two children are bringing their Thanksgiving turkey and trimmings to the Chalmette firehouse, which has a full-size kitchen.
"I'll be on duty, and it's easier to cook there than in a trailer," Gonzales said.
His FEMA trailer is in a park with more than 100 others. Over the past year, he has watched families move in and out as they renovate their homes.
Even though his family is facing another holiday season in a trailer, they are in good spirits because they know this will be the last, Gonzales said. His family is scheduled to move into their newly rebuilt house by February, he said.
"I'm just grateful that I have a house to fix up," he said. "It could be worse."
Prattini, whose trailer is on the lot next to her flooded Chalmette home, agreed she has much to be grateful for despite the tight living quarters: "My kids will be here, and my grand-baby. It'll be small, but it'll be nice."
http://www.chron.com/disp/story.mpl/ap/nation/4355279.html
It's hard to leave this board, SLJB is better than my wife's soap opera. I'm always looking back to see what bizarre things are going on, it has become an addiction.
I agree with your assesment, thy file 1st or 2nd Q of 07.
I should have knowen when the Chip-Chad deal occured and musical chairs with the CEO. Many things didn't add up, I guess greed prevented me from seeing the forest through the trees.
Have a great Holiday as well.
I'm in and looking for the JV news, sold the last of my SLJB today, enough is enough. With my luck it will probably fly but I can't look back or second guess my decision. I'm also in PBLS waiting for news, rumor has it the company is planning the mother of all short squeezes.
In any event I enjoyed reading it no matter who Allinone is.LOL
I'm sure the Star is keeping track of him.
Lol, think he was mistaken with his numbers?
Did anyone see the picture of Kore International, what are we supposed to think? Sluja, fine a small buliding supply company, without some verification where is the value. Petar supposedly was the guy behind all of the big overseas deals, where is he now and what is the status. The company should have been able to tell investors the answers to those questions long ago. I agree with the second part of your post.
OT; thanks I bookmarked it.
Sorry, I have a lot of sympathy, they shouldn't be the victums of public lies.
Remember this, accordind to the Pr's we would have the audited financials by now and be enjoying a prosperous Thanksgiving, I wish you the best, I'm sure everyone has other things to be thankful for. The good people on the board is a good start.
OT:
We are in the same boat with PM's, try posting it as OT, Thanks
I hope the holders make out, I just can't see it happening, that's why I decided to sell.
I wish you luck with your investment and investments, you have been a trusted poster on this board. I hope everyone makes a million bucks.
I did own shares and decided today to get out and seek greener pastures with what I have left, don't feel bad for me, my average was .024 from many months ago. A waste of time believing this, I should have knowen better.
It's not hard to fabricate them when you know the business, I could fabricate some fantastic looking statements for my business if I were so inclined and the only way to find out would be to do a full independant audit.
I agree, this is no longer passing the smell test, If it weren't a scam we would have the news everyone has been waiting for by now.
Something worth reading;
Posted by: Klonopin2mg2000
In reply to: Klonopin2mg2000 who wrote msg# 19130 Date:11/22/2006 3:31:33 PM
Post #of 19222
STOCKGATE TODAY
An online newspaper reporting the issues of Securities Fraud
Where's the Orderly in Market Makers - November 22, 2006
David Patch
While I typically refrain from addressing specific companies in these newsletters, today must be made an exception. Today, the evidence attacks the quality of the system itself.
As regulators waste precious time seeking alternatives to protecting the investing public while maintaining critical loopholes in the financial services operations, companies and investors continue to pay the price. In June the SEC presented the public with a concept to reform the short selling regulations once again with final consideration to evaluate the exemptions afforded member firms in bona fide market making activities.
Comment responses from such industry moguls as Knight Capital, one of the leading market makers of the NASDAQ, requested the SEC seriously consider doing nothing to stop the identified abuses stating:
"The elimination of the grandfather provision will lead to increased volatility in these securities, created by short squeezes as individuals attempt to cover positions. Importantly, the elimination-of the grandfather provision will negatively impact bonafide market making and the ability of market makers to provide liquidity."
This sentiment was repeated by each market participant commenting with each identifying the significance of bonafide market making in maintaining an efficient and less volatile market.
But how are words put into action in the real world?
Jag Media is a small developing company undergoing the financial struggles that accompany such public companies. It is not a Tier I public company by any stretch of the imagination. It is a public company however and with such comes public shareholders deserving of a safe and efficient marketplace to invest.
On August 30, 2006 my ETRADE account was hacked into and the perpetrator executed an 80,000 share market sell order for Jag Media. The stock at the time of the order placement was at $0.22/share but 72 seconds later, and 80,000 shares later the stock was reduced to $0.053/share. The 80% loss was not sustaining for the day but did change the market thereafter. The Bids and offers both fell based on a perception of a massive selloff in the security.
Knight Securities was a market maker in the stock that day in August but Knight was not market making. The firm did not step in and address this sudden, and out of character trade. Instead 5 consecutive trades were kicked off in a 72 second stretch as the Bid was systematically hit at $0.19, $0.16, $0.14, $0.14 and finally 53,000 shares at $0.053.
Regulators are aware of the breach to my account but regulators did not take a look at why a market maker did not prevent this out of character volatility.
Events like this continued over the months but escalated only this past week.
On November 20 more than 1 million shares were traded in a stock with a 3-month daily average of only 90,000 shares. On this day, buyers were lifting the Offer with purchases but the offer was not moving. With a previous day close of $0.25, the stock opened at $0.22 before over 200,000 shares traded at $0.25. Somebody or some firm was willing to take every buy order thrown at them never once attempting to seek a better deal.
By the end of this day the stock reported nearly 1 Million shares traded and closed at $0.32 with a high for the day reaching $0.35. The volume reported was far short of the total volume traded as over 200,000 shares (20%) were reported and cancelled throughout this day. The biggest block cancelled being for 75,000 shares.
And with such enthusiasm from the prior day, one could only wonder what November 21 would bring. Boy were the shareholders in for a shocker.
November started out with a bang as the pre-market box on the stock of $0.32 Bid X $0.35 Offer adjusted itself at the open to a $0.29 Bid X $0.32 Offer. With no trading at the open the first trades took place near 10:00 with 10,000 shares hitting the $0.29 Bid leveling both bid and offer into new and lower territories. Orders on the Offer quickly re-adjusted and within by 10:19 the stock was trading at $0.35 on 28,000 shares.
Then came the event that could only be described as the parting of the red sea.
Trades at $0.32, $0.31, and $0.29 and $0.30 came in succession and in a flash; with 8000.shares trading into the falling bid over a span of 90 seconds a final trade of 2500 shares dropped the stock to $0.12. The difference between the last trade at $0.30, on the offer, and the $0.12 trade was 0.11 seconds and 0.14 seconds for the last 3 trades.
Nearly 63% of the market cap was lost in fractions of a second on a $300.00 order only 2 hours into a trading day that followed a day in which more than 10 times volume traded on the buy side for much of the day.
Knight Securities once again appeared as a market maker in the box for Jag Media.
Where was the bona-fide market making that maintained order and reduced volatility?
The market reaction to this event was clear. The market makers parted the red sea and allowed one rogue trade to come in and alter the perception of the market. The once $0.31 Bid X $0.32 Offer just prior to the raid was quickly re-adjusted this time to $0.21 X $0.28 by the time the sea resumed it's normal state.
In response by the shareholders, another 300,000 shares traded over the course of the remaining 5 hours that the market was open. All 300,000 shares were being posted between the price range of $0.28 and $0.29 with most being entered on the up tick. In addition, more than 100,000 additional trades posted to the market but were cancelled for some inexplicable reason. Those trades as well were being posted between $0.28 and $0.29.
Suddenly there is a commitment to control volatility - more literally no volatility. The commitment dedicated to simply reduce buy side volatility by selling everything a buyer will buy at a constant market. The results of course being a 10% loss for the day on buy side volume.
And to close out this most bizarre week, November 22 could not be a disappointment either.
Market Makers shuffled bids and offers like this was Google but the shuffle was only reaction to 100 share and 100 share buys.
With the previous day again closing to buy side interests, the market sellers started early and with an opening Bid of $0.28 and Offer of $0.30 the market quickly collapsed to $0.25 Bid by $0.28 Offer after opening trades of 2970 shares at $0.30 and 100 shares at $0.28 were executed at 9:31. Imagine that 30 times more shares into the Bid than the Offer yet both collapse and collapse hard. By 9:58 it was now a $0.24 stock resting in a market represented by $0.21 Bid and $0.25 Offer.
Talk about volatility. No relative volume sells down a market and heavy volume can't pick it back up. sounds like a sellers market and sellers with special exemptions can make a mint in this game.
So the question here folks is simple. Where is this orderly market these market makers are creating that justifies special exemptions by the securities regulators? If the industry is claiming that the ability to sell what they do not have in inventory is a necessary tool to maintain order, how is it these same members do not uphold the responsibilities of maintaining a market on the down side?
The aforementioned trading is well documented and in the hands of the regulators as is the evidence of the account breach in which this stock was directly involved. How it will be handled will be as all other complaints are handled - slowly if at all. But there are tens of thousands of similar events (mini bear raids) that take place every year and go un-noticed or undocumented which is precisely the way Wall Street and regulators want it. They even put in public record that this is exactly how each wish the markets to operate.
Regulators rely on the people to do nothing. I suggest instead that you do everything necessary to protect your financial future which starts with a call to your regulator each time such abuse is witnessed. Become the squeaky wheel or suffer the consequences of a captured system willing to steal your future away from you
Have a Happy and Safe Holiday.
Under full disclosure: I continue to hold a position in Jag Media and do not recommend any individual buy or sell a position in this security without conducting their own due diligence.
Something worth reading;
Posted by: Klonopin2mg2000
In reply to: Klonopin2mg2000 who wrote msg# 19130 Date:11/22/2006 3:31:33 PM
Post #of 19222
STOCKGATE TODAY
An online newspaper reporting the issues of Securities Fraud
Where's the Orderly in Market Makers - November 22, 2006
David Patch
While I typically refrain from addressing specific companies in these newsletters, today must be made an exception. Today, the evidence attacks the quality of the system itself.
As regulators waste precious time seeking alternatives to protecting the investing public while maintaining critical loopholes in the financial services operations, companies and investors continue to pay the price. In June the SEC presented the public with a concept to reform the short selling regulations once again with final consideration to evaluate the exemptions afforded member firms in bona fide market making activities.
Comment responses from such industry moguls as Knight Capital, one of the leading market makers of the NASDAQ, requested the SEC seriously consider doing nothing to stop the identified abuses stating:
"The elimination of the grandfather provision will lead to increased volatility in these securities, created by short squeezes as individuals attempt to cover positions. Importantly, the elimination-of the grandfather provision will negatively impact bonafide market making and the ability of market makers to provide liquidity."
This sentiment was repeated by each market participant commenting with each identifying the significance of bonafide market making in maintaining an efficient and less volatile market.
But how are words put into action in the real world?
Jag Media is a small developing company undergoing the financial struggles that accompany such public companies. It is not a Tier I public company by any stretch of the imagination. It is a public company however and with such comes public shareholders deserving of a safe and efficient marketplace to invest.
On August 30, 2006 my ETRADE account was hacked into and the perpetrator executed an 80,000 share market sell order for Jag Media. The stock at the time of the order placement was at $0.22/share but 72 seconds later, and 80,000 shares later the stock was reduced to $0.053/share. The 80% loss was not sustaining for the day but did change the market thereafter. The Bids and offers both fell based on a perception of a massive selloff in the security.
Knight Securities was a market maker in the stock that day in August but Knight was not market making. The firm did not step in and address this sudden, and out of character trade. Instead 5 consecutive trades were kicked off in a 72 second stretch as the Bid was systematically hit at $0.19, $0.16, $0.14, $0.14 and finally 53,000 shares at $0.053.
Regulators are aware of the breach to my account but regulators did not take a look at why a market maker did not prevent this out of character volatility.
Events like this continued over the months but escalated only this past week.
On November 20 more than 1 million shares were traded in a stock with a 3-month daily average of only 90,000 shares. On this day, buyers were lifting the Offer with purchases but the offer was not moving. With a previous day close of $0.25, the stock opened at $0.22 before over 200,000 shares traded at $0.25. Somebody or some firm was willing to take every buy order thrown at them never once attempting to seek a better deal.
By the end of this day the stock reported nearly 1 Million shares traded and closed at $0.32 with a high for the day reaching $0.35. The volume reported was far short of the total volume traded as over 200,000 shares (20%) were reported and cancelled throughout this day. The biggest block cancelled being for 75,000 shares.
And with such enthusiasm from the prior day, one could only wonder what November 21 would bring. Boy were the shareholders in for a shocker.
November started out with a bang as the pre-market box on the stock of $0.32 Bid X $0.35 Offer adjusted itself at the open to a $0.29 Bid X $0.32 Offer. With no trading at the open the first trades took place near 10:00 with 10,000 shares hitting the $0.29 Bid leveling both bid and offer into new and lower territories. Orders on the Offer quickly re-adjusted and within by 10:19 the stock was trading at $0.35 on 28,000 shares.
Then came the event that could only be described as the parting of the red sea.
Trades at $0.32, $0.31, and $0.29 and $0.30 came in succession and in a flash; with 8000.shares trading into the falling bid over a span of 90 seconds a final trade of 2500 shares dropped the stock to $0.12. The difference between the last trade at $0.30, on the offer, and the $0.12 trade was 0.11 seconds and 0.14 seconds for the last 3 trades.
Nearly 63% of the market cap was lost in fractions of a second on a $300.00 order only 2 hours into a trading day that followed a day in which more than 10 times volume traded on the buy side for much of the day.
Knight Securities once again appeared as a market maker in the box for Jag Media.
Where was the bona-fide market making that maintained order and reduced volatility?
The market reaction to this event was clear. The market makers parted the red sea and allowed one rogue trade to come in and alter the perception of the market. The once $0.31 Bid X $0.32 Offer just prior to the raid was quickly re-adjusted this time to $0.21 X $0.28 by the time the sea resumed it's normal state.
In response by the shareholders, another 300,000 shares traded over the course of the remaining 5 hours that the market was open. All 300,000 shares were being posted between the price range of $0.28 and $0.29 with most being entered on the up tick. In addition, more than 100,000 additional trades posted to the market but were cancelled for some inexplicable reason. Those trades as well were being posted between $0.28 and $0.29.
Suddenly there is a commitment to control volatility - more literally no volatility. The commitment dedicated to simply reduce buy side volatility by selling everything a buyer will buy at a constant market. The results of course being a 10% loss for the day on buy side volume.
And to close out this most bizarre week, November 22 could not be a disappointment either.
Market Makers shuffled bids and offers like this was Google but the shuffle was only reaction to 100 share and 100 share buys.
With the previous day again closing to buy side interests, the market sellers started early and with an opening Bid of $0.28 and Offer of $0.30 the market quickly collapsed to $0.25 Bid by $0.28 Offer after opening trades of 2970 shares at $0.30 and 100 shares at $0.28 were executed at 9:31. Imagine that 30 times more shares into the Bid than the Offer yet both collapse and collapse hard. By 9:58 it was now a $0.24 stock resting in a market represented by $0.21 Bid and $0.25 Offer.
Talk about volatility. No relative volume sells down a market and heavy volume can't pick it back up. sounds like a sellers market and sellers with special exemptions can make a mint in this game.
So the question here folks is simple. Where is this orderly market these market makers are creating that justifies special exemptions by the securities regulators? If the industry is claiming that the ability to sell what they do not have in inventory is a necessary tool to maintain order, how is it these same members do not uphold the responsibilities of maintaining a market on the down side?
The aforementioned trading is well documented and in the hands of the regulators as is the evidence of the account breach in which this stock was directly involved. How it will be handled will be as all other complaints are handled - slowly if at all. But there are tens of thousands of similar events (mini bear raids) that take place every year and go un-noticed or undocumented which is precisely the way Wall Street and regulators want it. They even put in public record that this is exactly how each wish the markets to operate.
Regulators rely on the people to do nothing. I suggest instead that you do everything necessary to protect your financial future which starts with a call to your regulator each time such abuse is witnessed. Become the squeaky wheel or suffer the consequences of a captured system willing to steal your future away from you
Have a Happy and Safe Holiday.
Under full disclosure: I continue to hold a position in Jag Media and do not recommend any individual buy or sell a position in this security without conducting their own due diligence.
No way, Petar and his friends are the scammers, too many unanswered questions, I don't think the news will get any better when everything is revealed.