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I think the point you miss is that this board is for adults. Try to calm down. Gum Lia said you were a good trader. I thought good traders were unemotional about their trades.
Technically good day though due to higher low.
I suggest some kind of cease and desist or TRO from further attack articles until the court has a chance to hear the case. That'll get us back to $20 in a heartbeat.
It is really. When have shareholders sued a hack short blogshop? CCME making all kinds of history.
The guy is a fail from the start. I still can't believe these articles have the power they do. I think they are just part of an organized short mafia. The hit piece just sets the wheels in motion. JMHO.
Yeah, we're going to sue the bastards too.
Sent her my shares sold and contact info. I really didn't lose that much on that sale, it just got me out of a little bit of margin I was in. I held most and even added more shares today. Just glad to get a suit filed in any way possible and be part of it.
I want to buy too but aren't you concerned about the follow up hit piece from Citron? I think thats on a lot of people's minds right now. It seems pretty obvious that these hit pieces are part of carefully organized attacks to bring this company down. It involves the media, hack short bloggers, hedge funds, regulators, and brokers, as we have all witnessed. It doesn't matter what the ultimate fundamentals are. Its all of them against CCME and the other RTO chinese micros. And apparently they are never giving up until they completely demolish this space. It almost seems like a war on these companies to prevent them from getting any US investor capital.
Exactly, that's why the RINO comparison doesn't work.
Yes, the "legal fund"? You know what happened to people like TM in the olden days? It wasn't fun. That's maybe why he is on some uncivilized island? Lordy.
When you point the finger of blame...take a closer look. Where are the other three fingers pointing?????
Surely so, nothing near a criminal enterprise. God no.
and how is this relevant to a revoked stock? Doink.
TICB yrub I
RINO's only "crime" was to report some contracts with companies that were informal. It was a shot in the dark that drew some blood. RINO is still not proven out to be 100% fraudulent. But , nontheless, the shorter got his quarry.
A similar occurence here would be that Apple does not have a contract with CCME, but CCME advertises Apple Ipods on their flatscreens. Thats a stretch.
Shortings ok, but bring back the uptick rule. BTW, CCME trading is operating under one right now:
Rule 201
•The SEC adopted Rule 201 in February 2010, instituting an alternative uptick rule. The rule restricts short selling a stock that suffers a one-day decline of 10 percent or greater unless the stock first experiences an uptick. The 10 percent decline "circuit breaker" applies to the day of the decline and the subsequent trading day. The effect is to give current stock holders priority over short sellers, since the former can sell stock without an intervening uptick. Rule 201 applies to all U.S. exchange-traded and over-the-counter stocks.
Thats maybe why the smaller trading range (candle). Its off tomorrow though.
Its a beautiful thing. One for the textbooks.
I see an unbelievable trade set up for a long position right now. See ~6979~'s posts below.
Been lurking for awhile, but long term CCME investor. All that has to happen IMO is for CCME to guide to a slow to no growth quarter and the shorts will ring the register. They, for some reason, may think its coming soon.
After we all donate to the legal fund. Where you been?
Great post!
May explain all the love for the DTC expressed from time to time.
Or Tom
"the brokers can get as many shares as they need. They simply have to ask the company directly for them and pay for them.
So he will sell them to brokers. He gets the money. I see now a great reason for Megas to want you to get your brokers to deliver certs. He gets the cash, you get paper in a non-tradable shell.
Once again, I am a stockholder of BCIT shares. A small amount. I sold most of mine before the halt. My main beef is being sued by my own company and having legal fees to defend myself which wiped out my profit on the stock. Then after that cute trick, the CEO lets the companies reporting lapse and flees the country. I then come on here and read how wonderful that person is and how he has my best interest at heart building value for the delisted, defunct shell of a company with revoked stock in the uncivilized wilds of a remote Pacific island country with 200,000 civilized inhabitants. I read how despite the above described facts, that BCIT is going to trade soon and all the naked short sellers are going to get theirs. I read how the evil SEC, DTCC, etc. are holding back the stock from trading, when the CEO holds the key.
Who are YOU PEOPLE?
I disagree with everything you stated. You seem to be in some kind of a denial mode. Why I have no clue.
Imagine? Why? It can't trade man, its been revoked. Only Megas can reverse that. The guy who sued you, stopped reporting on the shell company and moved to PNG.
Everything hinges on getting the revocation reversed. Megas must act to do so.
Why do you and others persist in these fantasies?
You left out con men, swindlers, and ne'er-do-wells.
Hi, I've been lurking for awhile. I've read all the reasons for the stock's weakness lately but think the exodus from Chinese stocks due to inflation concerns may be largely responsible.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8182605/Chinas-credit-bubble-on-borrowed-time-as-inflation-bites.html#disqus_thread
would that be those asking you to get the certs from your brokers?
Yes, of course. Maybe I can shame the bastidge to act. The ghosts of Christmas need to visit Ebeneezer Megas.
I would believe someone would be putting me on more if it read Papua New Guinea. Ask yourself, Who the heck goes to PNG? You know anyone? There are 200,000 civilized people in the entire country. Honestly, none of you here think that weird? Your CEO is in PNG. I might go there if I wanted to hide from the world.
Has this been discussed on here yet? Is this our dear CEO?
http://www.independent.co.uk/news/business/facia-bank-sues-over-loan-deals-1350420.html
The bank started its investigation last August into the alleged improper lending to Mr Hinchliffe and other clients following the suspension of Mr Kellner and the appointment of David Halperin as its new managing director.
Since then, about 15 people have resigned or been sacked, around half the office, including all lending staff.
Mr Hinchliffe, it is understood, was introduced to UMB by Robert Leckie, a South London property trader, and Tom Megas, a financier based in the Swiss ski resort of Verbier.
In return, it is alleged, three of Mr Leckie's companies - Marvic Investments, Lion Properties and Jersey-based Boroko Investments - received at least pounds 1.3m of commissions from Facia.
That's it?
How can it trade and why would the broker be concerned since the stock's been revoked, none of the filings are current, etc.? Seems like a long road with a lot of potholes before trading is a possibility again. Plus not one step has been taken that I can see by anyone to move it forward. Everything thats occurred just makes trading less likely rather than more.
No. I did file an answer though when I was sued by the company.
many of us will invoke a "revocation tax"
What's that?
That would sound funny if there wasn't a hidden objective behind it.
Now thats why its really hard to take anything posted on here by the faithful seriously. You see, I can tell you that there is no dark conspiracy where I am concerned. That you imply that I may be somehow involved in a devious plot against the company and its owners just shows me how empty and hopeless this thing really is.
Im going to ask them for my money back pretty soon to see if they'll do it. Just investigating the latest here see if there is any reason to hold out any longer. I can't find anything here to hang my hat on other than more of the same wacky theories from strange characters with a blind faith in Megas.
I'd trade my BCIT for the reason you folks banter on and carry on here like this.