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Yes, something for sure has got to give now. Whatever that might be, but I highly doubt that it will just go away without something happening. I thought nothing would surprise me anymore with the subpennies. But having Hamilton involved surprised me just a little bit.
MDGC pays rent there. I'll have you up to their space when you come to boise as long as I'm there.
Been out a bit but this happened and came across my screen. Brenda Hamilton hired for CCAJ. Interesting. Very interesting.
Some of the things she has been involved with as a Securities Attorney
http://investorshub.advfn.com/boards/profile.aspx?user=219081
Just a very small portion there, but Linda Hamilton or Hamilton & Associates have been involved with some pretty high level Security issues.
Quite the interesting turn of events for a sub pinky stock. That attorney is not just some rinky dink attorney that just signs some pinky opinion letter. Her level of expertise and quality would be way above that normal bs. This is going to be good thing to follow.
Well there are all different levels and reasons for "needing money", which is where "differences" are placed. The numbers and level of financial worth or debt are to be paid attention to.
As far as my personal expectations go, I don't believe that is relevant, but overall expectations of the investing public is. I expected much more bs and along the lines of the normal bs pinky filing (ie: total irresponsible and erroneous pink sheet garbage). They in fact did state and express some hard negatives which I will give them that.
The discussion was only the agreement of your statement of "distressed company". They are a very small company with the owner or management in a very "distressed" situation. The shell current debt and the economic disaster that has caught so many small business and property owners (here we have both) is giving this ticker and business real bad odds in pulling out of it.
The public filing is setting up not so much for a small start-up business to grow and succeed by public money, but more to set up to save owners/insiders from going into financial ruin. The difference between what is owed (taxes, finance, mortgage, code enforcement, etc) are greatly outweighing the future income that a small flooring company in a stalling or very slow growth economy will provide.
This shell or share structure will need to do it's dirty deeds and any short term trading will have to gain more volume and interest to accommodate. Any traders or so called "investors" will have to address this stock with very low "expectations" and very high risk factor.
Yes, the "alternative method" of reporting. The reality is that statistically and in all probability, they will never become SEC reporting again. But it did give some insight in some of their operations and at first appearance seem to be actually stating some truths, but like you stated, it's bad news and basically the otc public registration boiled down to a financial desperation for the company and owner.
The taxes owed, mortgage default, finance debt, etc is creating nothing positive for the normal shareholder and what the ticker has to do in order to save all the financial disparities.
Nothing but toxic debt for the future so common in the public shell games. The company itself is not on any financial stability and is reduced to mortgage restructuring processes and pink toxic debt financing. Even the rent is becoming a shell debt and very well could be turned into future conversions for future selling of the shell and yet another "new company" (after the maxed out share structure gets dealt with). The LLC given in the financial statement is the CEO and the "rents owed" are to him and suppose even if the bank takes the property back (Florida being one of the top states of underwater property owners with many years before even again) or the city or county code enforcement comes down hard, the debt could still be there in form of shares;
"The Company rents its main manufacturing facility and corporate offices from a Limited Liability Company, (“LLC”) owned by an officer and director of the Company. The mortgage is secured by the facilities, as well as, personal property of Earth Surfaces and a personal guaranty of the owner. Under the terms of the rental agreement the Company will pay all mortgage payments, real estate taxes, and any related sales tax as rental."
Not looking very good here and just one big set up of the normal pink crud, AS increase, RS with conversions after protecting value of insiders or "financiers". About all you have left here is the pumping of the so called "bottom" (the entrapment of more bagholders) and repetition of ticker statements (and "agrees") with the selling into the short term spike and minimal trading.
Not really much to instill confidence overall and that share structure and future financing will get addressed (obvious now why a company went into the low level otc), and in all probabilities nothing good for current "longs". But a given that one can get sporadic blips in short term trades if one can catch in the minimal opportunities and sell when the maximum statements of whoopee's and yells of "chart bottoms" (that is when the selling really is from the retail that bought for the 20+ percentages gained from the retail that buys at the top or hype).
Well they are still operating in the red @ 180,000 this quarter they have increased operating costs by $65,000, most of it was due to Salaries and wages an increase of nearly double to $53,000 this quarter compared to the same quarter last year. Rent and Sales commisions seem to have soaked the rest of the additional operating expense increase compared to the same quarter last year. Over all a Loss of $405,411 for the last 9 months of operations.
AS is nearly maxed out, the share structure needs attention, a raise in AS will put this down and out. It is time to cancel some of the ridiculous amount of control shares sitting in Tony's hands.
At least they have acquired $423,000 in a loan apparently, they have $73,000 in deposits and a little over $237,000 in current assets with cash, recievables and inventory. Sales increased 8.1% when compared to the same period last year.
Now to the potentially bad:
Quote:
A promissory note with a bank matured on June 1, 2012 and remains unpaid. The note is secured by substantially all of the assets of the Company. The bank has agreed to provide the Company additional time to seek alternative financing arrangements as described below.
The Company rents its main manufacturing facility and corporate offices from a Limited Liability Company, (“LLC”) owned by an officer and director of the Company. The mortgage is secured by the facilities, as well as, personal property of Earth Surfaces and a personal guaranty of the owner. Under the terms of the rental agreement the Company will pay all mortgage payments, real estate taxes, and any related sales tax as rental.
As of September 30, 2012, the Company is delinquent on rental payments and the LLC is in default of its bank mortgage agreement. The bank has brought legal action against the LLC, however, on July 16, 2012 the Company entered into an agreement with the bank, relating both to the promissory note and mortgage whereby the Company will pay the bank reduced monthly payments and the bank will defer various legal remedies. The intent of the agreement is to provide the LLC and the Company additional time to seek alternative financing arrangements.
The property used by the Company has been sited for various county code violations. Company management is working with the LLC and county officials to gain compliance. It is estimated by management that modifications required to remedy the violations will cost approximately $25,000 and will be incurred by the Company.
The current compliance date is November, 23 2012 and will require an extension. Management believes that county officials will support its extension request.
And if that is not enough:
Quote:
The Company is in arrears on its payment to Federal and State taxing authorities. The outstanding amounts are included in its accounts payable on the financial statements. No legal actions have been taken by the taxing authorities to date. However, the Company has received a notice to levy on November 5, 2012 for $27,751. Management has begun discussions with the taxing authorities to negotiate acceptable payment terms until it can seek additional financing to pay these past due amounts in full.
And while you are at it lets just sink the ship completely by negotiating with a loan shark:
Quote:
On August 14, 2012 the Company signed a commitment agreement under which Lambro Ventures, LLC (“LLC”) agreed to purchase common shares for up to $600,000. The LLC is owned by George Lambro, who together with 2 associates owned a significant portion of the Company’s convertible notes that were converted to 292 million shares of common stock during the quarter.
Evidencing the transaction, Lambro wrote 2 checks to the Company both of which were not honored. Management has determined that this group has been responsible for the recent promotion of the stock and the high level of trading volume leading to a significant decline the the stock price. The LLC has not closed on the transaction and management believes that it is unlikely that the transaction will occur. Management is evaluating if it has legal or regulatory remedies against the LLC and Lambro.
Yet you will hand over shares to morons but you guys will not hold a shareholders meeting and see if you can raise the cash from long term shareholders here.. makes perfect sense....
But at least they are trying to get legit cash:
Quote:
On October 19, 2012 the Company signed a consulting agreement with Pyrenees Investments, LLC to assist it in seeking other qualified investors. Pyrenees is a financial consulting and advising firm that provides business and financial advice and also introduces companies to investment bankers, brokerage firms, venture capital firms and others who may be able to provide financing to companies similar to CCAJ.
This however does not sound like a good idea
Quote:
The Company has opened discussion with another potential investor, as well as, continuing to seeking out other potential capitalization.
Avoid seeking out these OTC financiers, toxic florless financing is going to eventually cost you the whole business in the end. Take a look around and notice how the SEC is now suspending these companies due to the illegal financing that occurs here daily in this marketplace.
A new meaning to the words "plug nickel". 5 cents would have been the real trade and it really wasn't worth that. LOL Actually no volume is being recorded making it a real plug nickel.
Some of the shareholders expressions reminded my of about the sixth grade when one of those magazine subscriptions scams came to me in the mail and it stated I won a million dollars (at least that was the big letters and back then there was even looser advertising laws and less consumer protections). For about an hour as a little kid I was ecstatic, whooping and hollering, and filled with visions of riches and dreams. Quite adamant about it too. That was until reality hit and the adults had to ruin it all.
Looking back, I was glad at very young age that I got that lesson of the real world. At least I can say I never fell for the junk mail again and had a completely different outlook on advertising and sales pitches. LOL
Remembering all those emotions at that time over forty years ago (jubilation, hopes, anger, frustration, etc), I can sympathize with some of the shareholders of BEHL. Continuing to defend this dead ticker, or to actually buy any more of this crud, or ignore any lessons from the whole BEHL debacle, I would not have that sympathy.
Is that where that $10 worth or less (about 100k shares) for the whole month of October went? That was some real heavy "trading" and such an example of abilities. LOL
Here's a short article on using retirement accounts for trading. It really is so far away from this little drama BEHL world and many of characters of the story, but there might be some interested parties given that the subject has come up. Believe me, it is a given that they are not discussing trading sub pinky crud in this type of investing. And of course the old as hills statement that has been spoken on this board many times before and in most if not all articles, brokers statements, research data, etc etc which is "consult your tax adviser" (there, any liability addressed).
Trading Restrictions in an IRA
Wednesday, October 31st, 2012 | Vance Harwood
IRAs are attractive to investors because they enable taxes on dividends and profits to be deferred (traditional IRA) or avoided (Roth). To a large degree you can do the same trades in an IRA that you can do in your regular accounts. However there are significant differences, and the differences change over time as brokers adjust their policies, and their software. I’ve tried to summarize the differences below.
Brokers vary in what transactions they allow in your IRA, but one restriction mandated by the IRS is that you cannot borrow from an IRA. Buying on margin and selling equities short involves borrowing from your broker, so those trades are definitely out.
The no-loan restriction can also impact how often you can trade in your IRA account. Since funds from equity sales take 3 days to settle, just like a regular non-IRA account, you can run into free-riding/ good faith violations if you do buy / sell sequences before your previous trade’s settlement. Some transactions like stop loss orders or option assignments can sell out your positions automatically, so you need to assess the risks of that happening within 3 days of your purchase. For more on free-riding see this post.
If you only buy securities when your account shows enough cash to cover the purchase as “settled cash”, or “cash available to withdraw” then you won’t violate the rules—even if you sell it five minutes later. It’s only when you are dependent on an upcoming cash settlement from a previous sale that you have to be careful. So if your cash balance is large compared to your trade size (e.g., $10K cash, $2K trades), then you could do up to 5 trades in a 3 day period before you had to worry about the settlement timing.
If you are trading indexes then the short sale restriction is often easy to circumvent by buying the corresponding short or leveraged short, 2X, 3X ETF (e.g, SH, SDS, SPXU for the S&P 500, PST and TBT for treasuries). In my experience any stock/ETF/ETN that can be bought in my regular account can be traded in an IRA account—so for example long, leveraged, and short volatility funds like VXX, TVIX, and XIV are allowed.
There is more variation between brokers on what options transactions are available in your IRA. I doubt any of them allow selling of naked calls or puts, but I know Fidelity and OptionsXpress support vertical spreads in their IRA accounts, whereas Schwab does not. Generally long puts and calls, covered calls, and cash secured equity puts are allowed if you are approved at the appropriate option levels. Fidelity restricts options spreads to non-cash settled options. I spoke with a Fidelity representative about this, and it sounds like this is probably just a software restriction that might be removed in the future. Cash settled options positions are actually easier to manage since they can’t result in of equity purchases / short sales if the options expire with the underlying’s price between the two strike prices. In addition cash settled options are often have European style exercise, which means they can’t be assigned until expiration. This is a nice feature for options spreads where you typically don’t want one leg of your spread to turn into a long or short equity position.
Several firms (Fidelity, optionsXpress) offer limited margin accounts in their IRAs to support buying/selling options spreads. It appears that Interactive Brokers and TD Ameritrade have IRA margin accounts that can be used to avoid free riding violations, but I have not verified that. IRA account holders using margin would probably be subject to the pattern day trader rules that require $25K in capital for accounts that trade often on margin, otherwise IRAs should look like cash accounts that aren’t subject to this rule.
The tax treatment of trades in IRAs is pretty simple—in the short term you don’t pay taxes on profits from individual trades, and you won’t be able to take a deduction for any losses. In a tax deferred account like a traditional IRA you’ll generally pay taxes on your gains when you make distributions, but in the meantime you’re compounding your money without paying taxes, which is a huge advantage. Of course taxes are a horrendously complicated subject, so consult your tax adviser for definitive answers.
http://sixfigureinvesting.com/2012/02/trading-restrictions-in-an-ira/
Here's the big volume for Oct. that some are trying to defend with for ability to trade. A whole $10 worth or less for the whole month (100,500 shares). Down about 70% from the month before. I suppose if even one share gets traded, that will retain the ludicrous and total silly statements and arguments of trading. In reality world, real market evaluation, and any reasonable common sense, this is the same as no trading.
But it seems that there are some that are more angry at the ones who have been and continue to be right about this ticker and hoping upon hope to have some small chance to prove them wrong than actually interested in whether or not a thousand shares goes through.
One can hold onto all of there shares for eternity, what does it matter, a loss is a loss is a loss. Anyone can ignore all the facts of the market, DTCC locks, SEC actions, the way the market works, the 15 BILLION dubious share structure of this dead shell (which would create a horrendous RS even if BEHL wasn't restricted just wiping out any worth anyway), or anything else they want to ignore. Take tax deduction, don't take a tax deduction. Everyone's choice.
The retirement accounts present different issues, but what can one do except learn and do a little self enrichment. I would be interested in anyone having a denial in writing from a broker who responded to an in writing formal request for removal of worthless securities for shares not in that type of account. Anything gets said verbally, but most common to have the verbal words changed when it gets to a official written response to a official written request form. Given the retirement accounts have different issues, and one using these accounts have already agreed to whatever criteria each broker has for those type of accounts.
But really though, $10 a month for BEHL to argue over and stand behind with a 15 BILLION dubious and criminal share structure that's Globally Locked and having SEC criminal investigations and proceedings against. Or maybe it's believed to be advantageous to discuss the dime trade (yep, ten whole cents today). I believe there would be better prudence in checking the data and facts that are being stated, learning about how the market works (and how one can work with that market), than attacking or holding some misplaced anger to the messenger who states them.
otcbb.com BEHL volume
That all is part of any background that anyone taking a loss of no worth has to have. It's called reasonableness and required documentation for anyone who may want to claim this as no worth. If the IRS comes back on someone, they will need good substantiation of why and how it was done. Then even if they still don't allow it, it can fall over to legal rejection of the IRS decision all the way into a tax court. With the proper documentations and enormous amount due diligence, the odds are statistically for the normal Joe/Jane taxpayer. Those judges are not the IRS.
I understand the lack of mental or emotional ability to be able to listen to posters that have some knowledge and state certain facts about Global Locks, SEC issues, the process of security transfer processes, etc with BEHL. Even though for years now, those posters were right, those posts steered one into a right direction and all the projections went true. It is common for those same abilities to continue to go to the sources that were wrong, directed the public into losses and fraud, but are more acceptable or copasetic to false hopes and dreams.
Talking to a "professional" is a good thing to do and suggested, but is filled with it's own problems, and must entail proper DD into who or which professional to enlist. There is a good portion of so called "professionals" that know no more than the standard speeches of saving their asses of any liability or have lack of knowledge or experience of the subject matter. It gets pretty complex, very time consuming, and can evolve into more complexity with any retirement tax issues. For the most part and most people the time and cost is not worth the tax deduction. For ones who have so much into something like BEHL that amounts to the worth of time just has made the mistakes close to the magnitude of buying more of this POS at this point of time. Small trades of this thing at .0001 and below surely have no bearing on the legal validity of no worth, it's just not that simplistic.
I don't have any positions here, and I don't ever have some sub worth penny crud in any position where it would make any difference in my tax position if it went to no worth such as BEHL has. At least not worth the time it takes for the little tax worth it may have. And I sure don't mess with retirement vehicles for penny trading. But I did mention the scenario to a good friend of mine who is a tax professional who does nothing but security issues for big money (doesn't really deal with low level investors of penny crud). We sure weren't going to spend our play time discussing it much, but the bottom line was that it was possible to claim it as no worth, but would involve all the complexities mentioned, and more.
The odds are that if one did claim it, the IRS isn't even going to take a second look unless there were other factors in the specific person's tax position to warrant the IRS coming in. They just don't have the resources or time to focus on everything. But that is not a recommendation for just doing it without doing all the necessary steps in backing up one's position with it and at least attempting to do it legally.
I am however strongly recommending that no one buy anymore of BEHL just because they can. That would be IMO a very foolish and imprudent, ill-advised thing to do. I don't believe the insanity defense is applicable here.
This E. G. Marchi been doing this crud for a while now. A couple more; RAMG (went to the grey market) and some connection with AMMX about 10 years ago
http://www.globenewswire.com/Search?runSearchId=1182959
Seems to keep himself busy since then with companies previously mentioned.
Still is listed as a financial personnel in this company
http://www.zpower.com/wap/aboutus_personnel.htm
The company states it's located multiple places, but the only state it's currently valid in is Nevada. Don't know about the London or Canada addresses, but Arizona and California have been dissolved or revoked. Their whole "about us" mission statements sound mighty familiar to pinky pumps.
Maybe Mr. Marchi will be trying to go with the "green energy" romp with this shell (another ACLH stunt maybe).
He's still listed as a director with this company and their investors "coming soon" page. They are listed as in California, but don't seem to be listed in California SOS under that name. Moving to Nevada?
http://fueltecplus.com/FTP_About_Us.htm
This is a pretty dirty shell to take forward, and it's most common for nothing but dirt to follow in the path of a dirty shell. We'll have to wait to see what unfolds.
Alright, they do do some things, but I feel they could easily step it up a bit. The old way of controlling risk and status quo has got to be the thing of the past. It takes much more aggressive control and better management of operations in order to even make a dent in this market. Quality control and business management seems to be a problem and lacking. They are supposed to be profitable organization (even though they've been losing quite a bit of money) and be a major role in guarding against and stopping the detrimental part of the otc market (given that is not their only function).
Coordination and a small amount of keystrokes on a computer can catch much of this garbage that goes through their system. I know there is overwhelmingly more garbage than resource, but a little better business tactics can go a long way. At least a lot further than what they are doing. FINRA has to be much more efficient, focused, and aggressive if they want to stop going downhill.
Maybe a "joke" is a little harsh, and the states have their share of responsibility that is being ignored, but when you see some of this obvious crud like CRWV(D) get through, it just makes one shake their head in bewilderment and disgust.
What? no Global Lock revival? Certificate of Authenticity? LOL
FINRA lets all sorts of dirty crud in. Quite frankly, they're getting to be quite the joke actually when it comes to this otc garbage. They let Grey Sheet stocks change names, get new cusips, R/S of dead and dirty shells with manufactured shares of the most dubious nature, criminal accounting backgrounds, etc. All the things that need to be addressed and stopped in order to bring some sanity to this low end market.
Now I suppose the plan will be to get it over to some front name as company officer(s) that nobody ever heard of with some trumped up made up bio "story", that no one can verify, then some pumped up, made up product or service that nobody can really verify and some made up rump and pump to sell it. Before you know it, people will be labeling it another possible APS pick complete with the company D crew and shearing of its sheep, oh my. LOL
Funny how this same goo gets washed about together. Of course this really isn't funny, but it's interesting to keep track of it. Could this be just a shell takeover? I think all the gold miners have left it for dead.
Looks like E.G. Marchi is not new to the crud pinks and R/S.
His name is coming up involved with several other stocks. Just a couple of minutes and get AIMH, Global NuTech, BOCL, ACLH, BCLE, and TXGE to start with.
https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=G6DWv0%252bqrP96ShX12ni%252fxw%253d%253d&nt7=0
Spot on. It is the company, the ticker CCAJ, that one buys and sells, and holds all responsibilities. The dilution, the share count, the liquidity, etc. It's just a bunch of "head fill" and fodder for all the rest. The company or ticker is worth exactly what the market states, period. At this point there isn't much market, and what little there is states this company is worth trip zeros and still on a negative slope. There now is the possibility of it going to No Bid. And no trading or no volume down in the trips is just about the same as No Bid bottom line.
All the repeat of the company pump PR's (most within a two week period) and re-posting and reposting the now old pumps or "old news" put out by the company won't change that.
Even with the end of dilution selling, the share structure is going to need drastic changes in order to move on. I don't care what was said or who said it from the company about no R/S or other loss of current shareholders value it statistically is on the table.
This stock is just a mess now and its trading value or heaven forbid its "investment" value is nothing but fraught with heavy risk and lack of positive abilities.
Sorry but you keep leaving out Tony and the company which obviously issued the shares and issued the PRs to pump this. They are as much a part of it all as George Lambro, there is no getting around that fact. JB is a culprit like the rest, he arranged the deal, he used himself and others to justify the removal of the restricted legend due to no one in Earth Surfaces qualifying for an exemption. It was as much as his payday also, for the shell and the years of work trying to put a deal together.
Fact is they all ended up not trusting eachother once the huge dumping started and they all did it together before the liquidity dried up. Now we have finger pointing and accussations flying, touts were used and given money and shares from various sources to push the price up and they just dumped also. One big mess and it isn't over as we watched today with this pathetic volume, no holds barred on the Ask.
Not a single peep from the company and that alone is disgusting and almost fraudulent in itself, omission is the same as a lie as far as the Regulators are concerned. Tony better get his head out of his ass soon or he is going to lose his long time business over this cluster and disgorgment is not limited to the shell, they take whatever assets they can get...
Pretty bad if that's the case. I guess it's the lesson for anyone trying to play with this pinky crud in their retirement account. That got to be one of the biggest mistakes to do that sort of thing there is. It's hard enough to pick investment vehicles in the real market, to throw retirement money at something like BEHL is just bound for financial self destruction. I feel for anyone that has gotten into that trap, and hope they are still really young in order to have the years it takes to recover.
Geez, the yearly R/S. There never was any real gold mine, and this just seems to be what amounts to blatant money laundering or criminal atm machine. I guess they will get another cusip number along with the preferred convertibles will not get a R/S and be able to convert at new pps. Maybe it will be a bogus oil field instead of the bogus gold mine, and bogus real estate before that, and bogus ...... Just an epitome of the sub crud market this really is.
Here's how the SOS of Nevada has it listed. Looks like the new front name (for now) for all the positions is E.G. MARCHI
https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=G6DWv0%252bqrP96ShX12ni%252fxw%253d%253d&nt7=0
VWAP declined again today, no matter whatever selling manipulation that goes on to control charts or price. The regular and common for CCAJ daily back and forth of bid and ask has still resulted in a continued downtrend.
Trade data for 10/23/12 CCAJ:
http://ih.advfn.com/p.php?pid=trades&symbol=CCAJ
Observing economic conditions and all the the real "earnings reports" that are taking place right now, any "help" from any results may be hard to find. But you're very correct with the importance of new financing. The very basics of being a public company is to be funded by public money. That money directly correlates to pps and share structure, along with retail interest in the stock. Down here in pinky crud for pps, it takes a high number of shares to amount to any "financing" and it's charges or fees (the big cut to "financiers") along with much more interest from retail to support it.
Now with a maxing out share structure, that leaves very few options and where the normal retail shareholder (or believer in the company story) gets shafted.
By Nov 15th, the current selling could be done, but where is it going to leave the pps by then. That could be disastrous in itself and where the word "toxic" comes from to describe the "financing".
Well October is the month we need to count for the most part. The Octoberfest of dilution debt.
http://ih.advfn.com/p.php?pid=historical&symbol=CCAJ
July, Aug, Sept didn't have squat for volume (about 15, 43, 53 million respectively http://www.otcbb.com/dynamic/tradeact.htm)
Octoberfest shows the results of the lousy promos, the lapping up of buying from the "followers" of hype at now extreme losses, and the company supporting that dumping by the their escapade of promo news at an average rate of about every other trading day in a two week period (six within 10 trading days). They more than likely got a cut or some advantageous agreement out of the deal (that's NOT advantageous to the normal shareholder).
http://ih.advfn.com/p.php?pid=news&symbol=CCAJ
We can assume that most by far of the volume is in fact the debt selling, but we really can't be sure of exactly how much is promo frontloading or retail bagholding. Easily could be another week or two of this kind of everyday seeping out of shares and still could easily go into the trips (especially now that the pps actually hit a low of .001 and thats where the main bids are). How far into the trips makes each tick more and more percentage.
Then we will still have the maxing out of share structure to deal with and new "finance" deals. And in these situations of sub penny market, there is no saving grace, and I don't care what the story is with new management, company product, low float expectations, etc. Except for very short term spikes or trading, reality bites big time. Heck, we could even have the situation of "after due diligence, the company has decided that the CCAJ shell is not the best for the company at this time" or some sort bs delay or similarity. No matter how many good intentions, crud happens down here in sub penny land.
It's all about sales and getting (or keeping) those sales in the world of a shrinking market place (the shrinking OTC). It goes along with their other sales pitch(s).
For example:
http://www.marketwire.com/press-release/pacific-stock-transfer-company-launches-new-help-desk-to-assist-clients-with-dtc-1638494.htm
There is a definite issue changing within this business. We see this with all of the DTCC, SEC, and other regulatory actions. The SEC is setting records with their criminal complaints and suspensions and there is this realization that the DTCC is a major issue to deal with for these shells that are being shut down from the common atm practices and rinse and repeats of yesterday. We see that in the lows given in the stats on http://www.otcbb.com/dynamic/marketstats.htm A whole lot of record lows depending on what particular stats your looking at, but generally a shrinking market for TA's. Making a hunger that once wasn't there (what better than a dinner to address that hunger, LOL).
The new wave is people or organizations coming out of the woodwork with their supposed expertise and professionals that are only there to help with these DTCC issues (since it is now becoming accepted that it's a big one). There has been a whole new market created that TA's, attorneys, and "professional" Tom, Dick, and Mary have realized is there and want a piece of.
"Game the system"; that could arguably be a subjective description of much of the new market (or lack thereof) tactics.
What's a few hundred million here or there?
Battery Maker A123 Files for Chapter 11 Protection
Electric-car-battery manufacturer A123 Systems Inc., AONE -75.04% the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday....
.....In a bid to jumpstart the electric-car-battery industry, the U.S. government has provided more than $1.2 billion to battery makers in the past three years. But the industry has been slow to take off. Another battery maker, Ener1 Inc., which also received a government grant, filed for Chapter 11 protection earlier this year.
full story
http://online.wsj.com/article/SB10000872396390443854204578060433271656440.html
That's a funny address. At the same time it was being shared with this guy.
http://bbs.ethics.state.tx.us/public/298794.pdf
http://trailblazersblog.dallasnews.com/2012/07/former-texas-house-candidate-and-prostitute-tom-malin-writes-book-of-advice-columns.html/
Have you visited their office yet - like someone just suggested?
Contact Info
3625 N. Hall Street
Suite 900
Dallas, TX 75219
Certainly they have sold a lot of those 386 million shares and they are probably 100 million from being complete. They may even back off since they got the bulk of them out there and pulled some ridiculous dollar volume this week.
Well there has been about 379 mil total trade volume for the last 3 1/2 months. About 2/3 of that has all been in Oct (with that 126 mil on Thurs). How much of all that is retail, wash trading, front loading, etc and not actual debt getting there big cut one can only speculate.
The way these things go, it is way too common to be more than one likes, so I'm betting 100 mil left is on the really good side, may be more towards the 150 mil +. But looking at just one more day like Monday would be a mistake IMO (unless it's another day like last Thurs or a filing comes out for a R/S or increase A/S or something substantial happening). They could slack off and come back in to just sucker punch everyone, let it build just to whack us into submission again at any time. Maybe next week, maybe the week after, or just let it leak out slowly over a period of time, who knows.
Still need more retail interest, still need to deal with the maxed out share structure, still need to deal with future financing. Very possible we will not know anything more Monday than we already know.
Na, don't find it interesting at all. And I don't place a whole lot on any specific day like "Monday". It was Thursday that the sellers hit it hard. It's more of over time and not one specific day (altho Thurs was pretty specific LOL).
I guess it's just speculation of exactly how much is left and how low this thing can go and how long it's going to take to do it. Still got to deal with the maxed out share structure and future "financing".
If it's more than half the debt gone, I guess one could say the worst is over, but that still could mean trips which in percentages would be better than what it's done, but still not good.
If there is more than half debt to be sold still, one really will have a problem and cement floor cures a bit harder. Good luck.
I can only give kudos to the long termers of the previous shell that sold and made their multibaggers. I say they deserved it and smart to take it, but since I wasn't one who had this thing from a low pps in the past and wasn't one who was part of any frontloading or promo, I'll just have to wait it out until it hits bottom to even think about getting any.
I just can't see why to give my money over to something or anyone at this point when the probabilities are all for this thing going lower and I would be at a loss. Maybe just me, but too much toxicity left here for positive results. Other than maybe a very short term trade here or there.
Oh boy, I'm sure the sellers thank you for that, since that would make it about another $1000 in their pocket. LOL
Since the bottom is not in due to the selling debt is not done yet, it helped it along to get to that end a little bit sooner. Just where the cement is on this thing, hard to say but easily could be in trips if not more careful. But caring is not the norm for debt selling.
Is that what one calls a "Holy Roller" Puff Puff. LOL
This stock at this point is not worth any time really, but give a link and description of exactly what you are specifically talking about and I will search out my notes since it's been awhile since I was doing research on this particular stock. I did at one point put a quite of bit of time on it due to my interest in the DTCC case. And now it has come around again due to statements made that it is so called cleared by the DTCC and I'm looking for any proper verification of that. In which has not been made available.
Are you referring to the wire fraud case involving IPWG? I don't remember at the moment what state that was carried out in if that is what your refering to. These connections of criminal activity went far beyond just IPWG. I personally do look at all the connections with people behind these frauds and do not separate the shell or "company" away from the people that do the business of the fraud. I prudently do look at who or what any company "hangs out with" and who or what are their associates. Others can choose to ignore any or all of that and more than likely lose their money.
In no way would I "invest" or believe in some company that doesn't trade or is at a NO BID status and does not file any financials, Locked up by the DTCC, and isn't even around. And I sure can't just trade it, again, it doesn't trade with any market reality and I don't trade with .0001 tickers.
But for the interest of true documentation and clarity of this subject matter, give me the link of which particular criminal case you're talking about (there were multiple cases, multiple companies, even a TA, and multiple people involved in this group). I will give it some time to look at it.
While you are at it, could you link to any verifiable documentation why any investor would want to believe in this ticker or that there even is a company doing business or even a shell worth transferring to some other company name (even though that hardly comes out worth anything for current retail holders due to it just goes to the "rinse and repeat" method with a R/S wiping out the normal Joe or Jane shareholder).
It is the problem with the people behind these dubious shells and the illegal shares that connect with them that the DTCC goes on and why they Lock and chill these "companies" up. I can't help that and I personally believe that it is the right thing for the DTCC to do. That is also what the SEC and different Justice Departments go on and why these chilled or locked companies are having problems. I've always stated that it is the insiders and people behind the shares of this "company" or stock. There are just too much of these people using these shells for their personal ATM scam machine. The reasons for DTCC chill and problems generally with the shares of any company Locked or chilled is probably better discussed on the DTCC board. It's a general problem with most (if not all) of these sub par penny stocks, and not confined with a few or IPWG that's for sure.
I really don't know why or how the SEC or Feds pick and choose from the thousands of stocks that are guilty of problems with the people connected to the stock. I do realize that there is just too many for the resources and they do have to choose. They are very slow, usually always after everyone has lost their money, and hold investigations on people connected to the stock for years and years. But the files build up with the company's name on them.
But it's always the habit of the "believers" and naive to believe that the company is separated from the people behind these dirty shells, but it just doesn't work that way. Any and all past dealings of shares and problems with insiders, the "financing", or the criminal actions that have taken place before are attached to any of these dirty shells. And the problems and criminal actions are carried out in many states and even across borders with any particular company stock, including IPWG.
I'm not sure why there is ignoring of those facts, why there is ignoring of the fact that this particular company has no record of any operations, no legal entity doing business, no communication from the the so called company, and why anyone would want to believe in them.
DTCC, no DTCC. SEC, no SEC. Chill, Lock, criminal actions of insiders or everything just fine. The bottom line always comes to this; can you get your monies for all your stock that one has bought for any profit. Can you even sell them for a loss? Is the company filing proper financials and proper paperwork with the states. And the answer is no to those types of questions with IPWG.
Anyone can sit and hope and believe (or dream) that something will miraculously come about with this shell, but what in the world as far as any real facts or documents points to that. It just not prudent to go on just "belief". A blog with no documented facts to back up what is stated? The few companies that do get off of the "list" shout it out from the rooftops and inform the public. Here one can't even get a hold of anybody at the company it seems and they have been revoked by the state in which they were supposedly carrying out their business and no record of business (financials, etc) for almost two years now (last ones for Dec 2010).
Why is that not being addressed? Being DTCC Locked or the criminals attached to shares of the stock being brought up on charges don't stop the ability to file financials (audited and filing with the SEC) and properly record and pay taxes of their business with the state, unless the company is a farce and/or just isn't there.
The card has to be dealt and played. The action has to be taken, not just talking about it.
No offense to anyone, but I've long become cautious at minimum to anything Company insiders have to say. Way too many times, some CEO or company person says one thing, and lo and behold, just the opposite happens.
But we can plainly see the debt and promo selling is at work here, and that is just going to happen, not much the company can do about that. How they are going to handle future selling and financing may be up for question, but the dumping has to end first.
Actually the new norm for these promo's is within a couple of hours if lucky, not days anymore. The toxic financing and front loading just "dines and dashes" fairly quickly. Any normal retail traders are just left in the dust and unable to make much if anything and not get bit by too much loss trying to be quicker than the dumping.
Anybody have any guesses how much CCAJ debt is left to sell. I'm guessing half at least, but just a wild guess. Haven't done any number crunching on the past volume or anything.
I still say some SEC filing status would've worked better than any promo. Promo failed, retail getting smarter maybe. Becoming a SEC filer gets lots of interest.
No one really knows what Tony will do or is doing. Could be part of this selling for all we know. But we do know that the pps has taken hit after hit with the debt that definitely is selling and now the promo hits are there as well. How low is low here? But not "everyone is out" yet, there is still debt and maybe some promo shares (or money cost) to go. They are not all out yet. I don't believe the selling is done by a long shot.
Wow, they just threw in the towel when it came to any control of debt selling. Must be some of the promotion fees in there also of course. But geesh, this thing is just a falling knife and I'm glad I didn't even get back in for a trade. And after this is done, whenever it does get done, the share structure will still have to be dealt with, it's maxed out. Nowhere to go to any good from here. Too bad, would really like to see some real product and company to start coming out of this junk market arena at some point. But this just doesn't look positive to say the least.
No frustration, just simple facts. I'm guessing your "contacts and people" don't know squat and not doing any real DD. The criminal charges are a matter of fact when it comes to people connected to this shell. It came from the FBI, Fraud Task Force, Postal Investigations, and the SEC, Justice Department web sites, etc. They have been documented. This has been going on for years.
And yes, it's just a shell when there is no business, NO BID, nothing from the company, no financials in years. Why don't you put up some docs from the state of Delaware if you like, the state of Florida where they had their supposed business has now revoked them due to lack of filing their required simple and cheap reports. Delaware is only where the shell is recorded, not a whole lot there other than maybe they owe taxes and aren't current there either.
Why don't you do as I suggested, and call to get DOCUMENTED PROOF if the belief is that they are cleared by the DTCC. Post it here on the board. No problem, they can be taken off the list on the DTCC board and included with the few percent or two that have managed to do it. But there has been verification for those; none has come across for IPWG. I don't own any shares in this POS, it's just a discussion of one more shell going down in the hundreds (probably going to thousands) in this changing sub penny market.
Do some searches for International Power just around IHUB. You will have to go to advanced search and into different years, but you can get plenty of links to federal sites with documented criminal cases. Just recently IPWG was referenced with people behind this shell with SEC charges.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78848971
Problems with the shares are where much of the problems with the DTCC are. But I'm wondering why someone can't post a doc from the DTCC with any removal of Lock, why the company hasn't come out with anything about it, why people can't contact any company, why there is nothing about any statements of financials in almost two years now, why are brokers saying it's still Locked, why does it go for less than .0001, why NO BID, why isn't there isn't any statements that all the investigations are closed by all the Federal authorities, why do people behind the trading of this shell continue to pop up with more SEC charges.
Blogs of that nature pop up commonly, but the facts standing behind the statements are much less common and seemingly unavailable here.
There is always "people and contacts" in this dirty sub pink market and get posted to the boards, but the reality is nothing but the undocumented positives for hope and losses from P&D usually gets believed and the negatives that are documented get ignored for the most part. A little common sense would be more prudent, especially when it comes to tickers like IPWG.
I'll be happy to see any company come about out of the swill of illegal share selling and fraud and get some ticker on the “unlocked” list. But some blog or statement from some attorney is not going to cut it. There has been nothing but problems with attorney’s statements with the fraudulent penny market (IPWG included). One of the biggest problems! So that’s surely no proof by some attorney just stating things.
But go ahead and post some documented proof of things, I’ll even send it to my broker just for the heck of it since they still say it’s locked. And I’ll be happy to post it over on the DTCC board. Hopefully it won’t be one that just gets suspended by the SEC right after which of course just gets nailed automatically by the DTCC again.