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True - its all pretty funny to watch this all unfold the way it is, though. I have my own wild conspiracy theory, but I will spare everyone. lolol
If the filing was indeed made it was probably rejected, as it would usually show up on Edgar within minutes. So we have yet another case of a fake Parkin email (or even a fake Parkin) ?
It would be interesting to see how many of those .40 buyers end up selling out at a loss before the day is out.
Right. Well starting July 3, short interest will be reported on the pinks. It seems either way we might start showing up on the SHO list FWIW.
It wouldn't surprise me if this was walked down to instill retail panic selling while someone is loading up.
Damn over 400K shares bought and NITE still on the ask. Either NITE is giving his shares away for a song or we are getting pumped/dumped by fake Parkin emails again.
This will help Pink Sheet investors
to at least try to make a level playing field.It would be a big advantage seperating the I will's and the I wont's.
The Pink Sheets - A New Sheriff in Town
Investor Information
If you want something done right, how do you do it? Yourself, of course. The Pink Sheets are taking their cue from that old maxim by creating a multi-tiered system that offering a new service that will allow strong companies to stand out from the masses.
The Pink Sheets are often thought of as the Wild West of the stock market, the place where companies go when they are not welcome elsewhere. The system has been misused by some unscrupulous promoters and unworthy companies – but it also has been misunderstood. After all, the Pink Sheets are a privately-owned business, not a regulatory or self-regulatory organization. They provide quotations for almost 5,000 stocks, most of which are not listed on any regulated stock exchange. Yet regulators seem to give the system short shrift, focusing their energy and resources on large cap companies and blue chip corporate scandals, while ignoring Pink Sheet stocks.
Disclosure – or its absence - has been a distinguished Pink Sheet companies from their counterparts on the New York Stock Exchange, NASDAQ or the OTC Bulletin Board. Pink Sheet companies are not required to file public reports, unless they choose to do so. That means investors generally have not had access to independent, meaningful information about most Pink Sheet companies and have been forced to rely on press release and promotions that, all too often, are misleading or inadequate.
Now the Pink Sheets are giving companies an incentive to change those parameters. The Pink Sheets recently announced the introduction of OTCQX, a multi-tiered premium listing system that will give serious companies an opportunity to distinguish themselves. Companies that elect to be listed on OTCQX will publish quarterly and annual reports, provide audited annual financial statements, provide information on management, and disclose material events. Management will be required to certify the companies’ reports. Issuers that would qualify for a national stock exchange, and trade at over $1 a share, will be eligible for admission to PremierQX. Issuers with audited financials that do not qualify for PremierQX will be entitled to listing on PrimeQX. International companies will be separated into two categories on a similar basis.
Shell companies, blank check companies, and special acquisition operations need not apply. They are not eligible for OTCQX listing.
Cromwell Coulson, president and CEO of Pink Sheets LLC, explained the rationale for the new system. "OTCQX will provide a compelling alternative for those companies that wish to provide their shareholders with the liquidity and transparent disclosure of a premier OTC listing, but in a more flexible regulatory environment that is suitable to the needs of smaller and foreign issuers," Coulson explained. "OTCQX also effectively raises the overall standard of OTC securities as a viable investment vehicle by enhancing the quantity and quality of disclosure they provide to investors.”
Companies and investors will share the benefits of this system. The costs associated with Sarbanes-Oxley have caused some smaller companies to reassess the viability of listing on traditional exchanges. OTCQX will provide a less costly alternative, while preserving disclosure standards that create credibility and reduce the potential for abuse and impropriety. Investors will benefit from increased transparency and access to independent financial information.
OTCQX will employ a “gatekeeper” system to assure compliance. Each listed company must appoint a “Designated Advisor for Disclosure” (DAD) before being admitted to the OTCQX. DADs, who are expected to include securities attorneys and investment bankers approved by the OTCQX, will be required to participate in preparation of the issuer’s disclosure statements. Perhaps more important, they will be expected to prevent issuers with inadequate or inaccurate disclosure from joining the OTCQX.
The OTCQX will give investors information on participating Pink Sheet companies that has not previously been available on a systematic basis. And what of those Pink Sheet issuers that do not choose to participate – a number that is likely to reach into the thousands? Investors should have no trouble distinguishing the recalcitrant companies. The Pink Sheets plans to affix a skull and crossbones logo to the listings for those companies.
Thats it. Generally my experience on pinks is you hardly ever get a fill at anything below the ask.
Temper tantrum ?? What ?
Frankfurt up .04 Euro to .50 = .638 U.S.
True - imaginations running riot (again).
Sometimes a prolonged silence by the company invites the pump-n-dump element to enter, with everyone and their cat claiming to have talked to the CEO, wild claims and speculation perhaps forcing the company to come out prematurely to deny or affirm claims, etc. - with nothing but anecdotal evidence to support.
PR. Filings. Not allowing their stock to go pink. CHIG. goosie-poonie instilling the fear of death in new investors lololol bless her sweet rosebud.
Seriously everyone knows that everyone and their cat is so far underwater in this stock that any rally gets sold.
Look at BKMP PR from Friday to get an idea what BB must do.
Great work pfrenz, will try for some .0005 or .0006 if I can. I like how they are addressing the CD situation there.
Looks like QBID finally bit the blue-veined bag unfortunately.
XKEM getting closer.
SPZI had some interesting posts by a new face, things could be moving there soon at last.
I will try to look over some court documents this weekend and see if there is anything worthwhile to report here on the WHAI case.
OT: they used to be a lot better, I don't know what happened. But yes sometimes I feel like I am being traded around, or the ETRD MM is last in the food chain or something. LOL but it is getting to be a big enough problem to make my want to switch.
Right. Or you get stuck with a partial fill, then you debate whether to cancel and place another order or wait for the fill.
On OTCBB I almost never get filled at all using AON.
I find I have to plan my OTCBB trades sometimes many minutes in advance and that is not good.
Yes, though I have been able to keep from daytrader status. Just the same, my gains are netted against my losses and I pay the marginal tax rate according to my bracket (the short term capital gains) after deductions, etc. If you are a good enough trader you can beat the difference between the short and long term capital gain tax rates EASILY. I don't think I have ever held a stock long enough to qualify for long term capital rate gains (or losses).
I think you need to qualify for Power Etrade with requires 150 trades in a quarter for the $7.99 trades. I usually do that much at least.
Anyone have a feel for what this company might fetch in a buyout ? Lets say $50M, which would net about .15/share more or less. That kind of sounds twilight zoney. Who knows.
Looks like a big block 440K bought at .012, b/a back to .011/2 x .014/1 FWIW.
Yes and if you trade enough with Etrade you pay $7.99 but sometimes I think their execution sucks on OTCBB.
Noticed we had another MM on the bid at .011 today so I guess thats something.
Posted by: DrFeelgood
In reply to: pugdog who wrote msg# 11213 Date:5/24/2006 4:08:08 PM
Post #of 11333
NDOL is simply structuring a reverse merger between two existing companies. NDOL shares have not changed since the last filing, more than 5 months, with the exception of 20mm shares issued in an S-8 for the purposes of the merger. The company is still worth more post merger than the original 2.17 pps in the buyout offer.
The shakerzz group was all over this one, and they will have to come back for this to break .005 - the thing that stopped shakerz from running this higher was because someone was selling massive amounts of shares into the run and killed it.
QBID will simply be abandoned, nothing will prevent it from being traded until its registration is revoked some months, maybe years from now. Right now the corpse is still warm, but is beginning to be swarmed with maggots. Eventually the maggots will slowly die off.
I am not Master Doji, but this looks like a pump-n-dump where the chart was massaged and made to attract the momo trader crowd, coupled with the company selling shares into a fluff PR in order to raise cash. I think this will recover but not right away. I would expect at least little bounce from here, maybe.
Still hasnt shown up on Alphatrade
The news of the filing hasn't hit hit the wires yet that I can tell. News of the merger in the 10QSB makes it official, I am not sure whether we even need an 8K now. But we still need the DEF14C explaining the financials of North-West. No ongoing concern statement. I am pleased, and a little relieved I will admit. Onward and upward.
Looks like maybe another quarter of improving financials will help convince the market. Now that WOLV is on the OTCBB, it will be looked at by a different type of investor, one that looks at charts and T/A and news as opposed to fundamentals, generally. Right now the chart looks bad but it looks like its trying to put in a bottom here at .20 or thereabouts. I will be watching. Is WOLV working on any deals that it could PR ?
Almost looks like some kind of pump-a-fluff PR that the company tried to sell shares into.
There is little doubt now that FO will be haunted until his death, however long that is.
Not sure - without the baggage of QTN, TMM should expect to see a significant bounce in the coming days.
Joining the fold once again at .60 after a long time away, GLTA.
EZM might a good miner to look at too as the metals start to settle down a bit. And CDE as well.
Increased my holdings by 40% at .505 just now.
Parkin didn't say they were working overnight. He said they were getting the audit overnight. Things are looking good.
This says they will get the numbers tomorrow, not that we will necessarily get the filings. That might wait until Monday. OK.
The basic problem is the exchange and the type of 'investor' who typically bought into this stock. When you say June 1, that is enough excuse for a flipper to sell, make a few flips and come back without missing a thing. Of course it usually doesn't work that way, but people like to think they can get away with it. This stock needs more institutional investors, or at least more 'buy and hold' types to dry up the float.