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Here's the problem - this stock should have opened at .55 immediately after the split. Scottrade started trading it early which was their right in this market but their error caused the stock to trade at much lower levels than it should have and it is still trading at those levels now. When the stock was trading at close to .55, scott's customers were not allowed to sell. They can also not buy through scott to average down their per share price which, in my case is around .93. This is my beef with them, I understand that they made an honest mistake (maybe) but the way they have treated their customers who didn't try to buy or sell as a result of the mistake is criminal. I am not looking to enrich myself at Scott's expense-I am just looking to get back the money I would have had if I could sell or average down during this time. Do you not understand how a lot of traders have been financially damaged by Scott's actions? I just think you don't see the real problem and are too focused on people enriching themselves at poor innocent Scott's expense. They are not so innocent- they just never ever admit guilt - they pay lots of fines, the information about their activities is well-documented if you care to look.
They just spent a ton of money on the re-breather and are retrofitting to produce it now. They are INVESTING in this product at this time - ENOUGH SAID.
I think it's reaction to their increased revenues.
Hey, if you don't like the stock, sell it. I will hold, I like the stock.
anyone can see "restricted".
I hope they get going sooner too and I think this stock will make some nice moves sooner rather than later. That said, this is one I will feel comfortable holding for awhile.
YW - I am pretty excited about this company - this is one that is not pumped and is still a little under the radar but I think there is great potential here for those who are willing to add on the dips and hold for a few months.
From looking at the terms of the financing they have arranged over the past 2 quarters it would appear that they plan to have significant revenues from the rebreather technology by the fall of 2011. I draw this conclusion from the fact that so many of their notes are due at that time. This coincides with info I have found in doing dd on this company. I will also be holding this stock and adding on any dips. They have two solid products and it is my understanding that their plastics technology will enable them to produce these rebreather units significantly cheaper than they have been produced in the past giving them the opportunity to sell them at a lower price and make a much higher margin of profit.
Neither the share structure or the way this stock trades supports your theory of dilution. Do you have a link that leads you to this conclusion? Also, please provide any evidence of any type of stock promotion that supports your theory. All I see is a company that is quietly accomplishing it's business plan and generating increased revenues every single quarter. If you need links to the financials, I will be happy to provide them.
Did you actually read the financials - not just some misleading cut and paste info taken from Yahoo - which I can't believe that Ihub didn't remove. Anyway, the revenues on the 12/31/10 financials were $143,580.00 - up from $16,800.00 during the same period ending 12/31/09. The gross profit was $97,056.00. In my opinion, these numbers will only improve for the next quarter. This company has some real products and this is just the beginning for them.
Sell if you must but try to keep just a shred of accuracy in your posts till then.
No change in the OS again today.
No need for sssh - happy to see your unbridled optimism about your investment here. I hope it pays off for you.
QASP OS is unchanged again today.
It looks like this is all that can be said at this time- he did provide an update as he said he would and I'm certain that more information will be provided as it becomes available.
Here's the interesting part of Jeff's statement:
YOU might want to check out the FINRA broker check summary page and type in Scottrade or Knight Securities before speaking so boldly about their innocence. YOu will see that both have been caught at this numerous times and have just paid large fines without accepting guilt for their actions. Where is your link to prove what you say over and over on this board?
This will be either a shell or reverse merger play - and my dd indicates that it won't happen until the end of April due to the terms of the sale of the software and other products the company divested. I consider it a stock worth holding and adding on the dips.
Here's the real question to be answered - why was scot the only brokerage trading GBOE that day? All the non-existant shares entered the market through scott - why were the other brokerages holding off until the certs cleared?
If your account is like mine, Scott permits the sale of GBOE because, of course, it's in their best interest since they haven't covered yet. They do not permit you to buy GBOE through a Scott account. This is the thing that concerns me when I see all the chatter about this already being "taken care of". If that were true, this would be allowed to trade normally just as it was before the error. The error by the way was Scott and NITE selling certs they didn't have into the market 2 days before they were supposed to be sold - talk about trying to enrich yourself! Oh yeah, then there was the clerical error with the split. LOL.
During this whole post-Dean time Jeff is the one who has kept the company going and done everything possible to preserve value for the shareholders and I trust his judgment as far as the best way forward.
Here is the 5 star hotel/casino just purchased.
http://www.grandhoteldimyat.com/
Wow - what a great property! I am so happy to own this one today!
Let me know if you reach any conclusion that is different than what I was thinking - I am interested in your take on it.
I agree with you completely. I just hope it works.
Please refer to the post he was responding to - there could not be two more different people than Dean and Jeff! I will be holding my shares confidently.
Laughing - I was joking but it was a great post wasn't it! And now my daddy is a common criminal, allegedly anyway.
There are many people who like Jeff's style and respect him as a person and businessman. Most don't post here regularly but maybe we should start.
It is a shame to see the comments about him regarding his management of QASP. These comments are seriously beyond prudence or reason. This board is for the discussion of QASP and it is sad to see the unconscionable attempts at the character assassination of a person who is really trying to salvage the investment of so many people.
Jeff has the respect and full support of so many, we need to start posting more so he realizes that we do appreciate EVERYTHING he is and has done for all of us and for QASP. And, yes, anyone who actually owns this stock will eventually benefit from his efforts so I hope everyone will express their gratitude publicly when the time comes, and I am sure we are going to see much greater value to this investment very soon.
But they are already playing with ways to get around this rule - have you noticed the number of huge trades after hours over the past couple of weeks? In some stocks they are almost equal to the entire day of trading. Watch some of them. I think these are mm swaps to cover the short selling during the same trading day. For every new rule, there are already 10,000 attorneys finding a way around it. I hope I am wrong and this really does have a positive effect on the market - we will see.
Nope, not a bit sensitive - I just find it imprudent to call your long-term investment garbage.
You must have based your opinion on some factual information if you have been holding and adding for that long? What is it? Don't get me wrong, I think this is a good investment and am not afraid to hold it long. I just don't understand bashing a stock you are long on without some verifiable information and since I am holding this as well I was interested in what you may have found?
While you say it's not a hot stock or a stock on the move, I say it's also not one that will crash and burn like so many that are incessantly pumped and then dumped. It is fully reporting and has sizable revenues that seem to be sustainable and growing. The management team performs and does not make lofty promises, they just quietly accomplish their business plan. I like all those things in a stock I am holding.
That is your opinion and you are entitled to it but please provide links? Anyone who read the 10K thinks differently - if you need a link to that- you will find it on this board.
I see it hasn't quite hit your buy point yet Taki - I enjoy your DD and hard work.
While there were a couple of people who traded shares they didn't own, that is not the basis of the problem here. The problem is that Scottrade made an error and once the error was discovered trading was not halted. Other brokers and mm's who trusted that Scottrade was putting shares into the market because they held certs for those shares were unknowingly selling non-existent shares and those shares changed hands several times. It is my personal opinion that Scottrade was trying to manipulate the stock by getting a two day jump on trading it. It seems that Scott was the only broker selling this stock into the market that day.
When a company does a reverse split, the price reacts differently for every situation and some traders took a chance that the new shares were worth more than a half-penny. There was no way for them to have any idea that Scottrade made a mistake. Had trading been halted right away when the error was discovered your argument might be plausible but the fact that this was allowed to continue really indicates that Scottrade has no fear of FINRA or any other agency that is supposed to protect shareholders from either scam companies or mm's or brokers. My 18,181 post split shares are still locked in my scottrade account for no reason- I bought 100 million shares in August and didn't trade at all on the day of the error. Defend Scottrade's actions towards my account since you appear to be Roger Riney's nephew?
I didn't try to sell either but, the fact remains, and it's the only relevant fact, Scottrade made an error that they will need to rectify - they being Scottrade. I don't know how they will fix their error but they will eventually need to provide actual certs to the brokers and there are two possibilities that seem plausible. The first is that they will buy them in the open market which is good for anyone who owns this stock when that happens. The second is that they will cut a deal with the company for certs. Some will attempt to put a negative spin on this second option but I prefer to own stock in companies with cash on hand so this second option is also good in my view.
How do you think Scottrade covered?
I think any opportunity they might have had to make a deal with the company was ended with this legal proceeding - talk about burning your bridges! They burned their primary MM and the company they might have had an opportunity to make a deal with all at once. Nice move Scottrade.
Did you see anything in that case indicating that GeoBio did anything at all to cause this problem? That is what's in question here - who made the error? It wasn't GeoBio, it wasn't the market makers and it wasn't any of the other brokerages, it was Scottrade, pure and simple. That is all that's in question for this proceeding and that's why it was summarily dismissed. Scottrade admits to the number of naked shorts in the case - 19million, and that's what they will cover. The question is how and when.
Well then, it's good to see you here!
Acceptable- it's going to be awesome!
I'm with you Scotch - this one is just a matter of patience and accumulation.
I am expecting big things here this week - finally people are starting to see how undervalued this stock is.