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zent & all, still waiting for return call.
If others wish to try to get through to see what the company's position is regarding the o/s issue, the number is 1-702-855-5890.
Bo
In scanning, it seems like a tough stuck market from the big boards on down to the micro plays. Seems most Monday's are like that these days.
The good thing is it always breaks loose at some point soon after, and the more boring the Monday sometimes means the more exciting trading days dead ahead.
I hope you have a good Monday narvo...and I'll see what I can do. : )
Bo
GLKCE-Left msg for IR for Global Links.
Lunching it here guys. Heading out at again @ 1:30. Should be around most of tomorrow and hoping to get an answer from the company about the o/s issue by then.
Bo
matrix, all true and why it has
been key to keep tabs with the T/A and on top of this situation. In looking at October's chart after their R/S, they had a period of time (at least 6 trading days) where they traded above .10, some days trading over .15 and .20.
The issue now in this short term period is verifying from the company if they also contend the current O/S is 1.1 million. I'm very aware of their past, so seeing this ST opportunity I'm trying to confirm the share structure issues directly with them and in short order.
Thursday night I looked at their SEC filings from 2004 to the present, so getting to the bottom of this short term situation quickly is key for what could be very nice gains, especially if MM's have been trading in bad faith.
Bo
supatrada and all, good points and questions today.
All I can go by are 3 out of 4 key sources of information on the current o/s:
1) 2-2's pr
2) 2-2's filing
3) The T/A's confirmation of the O/S both Thursday and Friday.
The 4th key source is discussion and clarification direct from the company which has yet to occur.
The two anomalies I see are:
I) The first three trades on the day of the R/S (.10, .15, third being .0015).
After that trade MM's traded this at .00.. levels until Thursday's revelation and buzz.
II) MM's trading this stock on what seems to be a pool of shares larger than the reported and confirmed O/S.
____________________________________________________________________________________________________________________________
We are seeing either:
1) Some quiet issuance that doesn't pass through the T/A.
(Note the T/A said all new shares, even previously restricted would have to come through him. Also such dilution would have to have occurred by the third trade on 2-2, which is the effective day of the R/S. That just doesn't make sense. Next, Thursday and Friday showed strength which flies in the face of the effect of dilution.)
or...
2) MM's mistakenly and wrongfully are trading a larger pool of shares than the true O/S.
______________________________________________________________
Important to us, what if it's #2 above??
I don't care if they are punished or not if #2 is true, all I care about is the true reflection of the stock price as a result. So how will it or should it play out?
If #2 is the case, the company and shareholders should not be punished. In thinking about this, shareholders rightfully deserve to be treated fair with a true reflection of the pps at the time of any correction.
The correction should be VALUE first, then a correction in shares to equal the o/s. An example is the best way to help see this. Example: JoeInvestor owns 50,000 shares and say the price just before the correction (when the MM's were manipulating the price with the larger pool of shares) is .02.
Again, just using it as an example, the corrected price (based on the true O/S) should be .08. Because in this example we are assuming the trading after the R/S has manipulated by the MM's, Joeinvestor's correction would be value first, meaning $4,000 (50,000 shares * .08), with MM's being forced to cover this value because they created the situation where the shareholders owned in excess of the o/s. Only after the value correction should share amounts for all shareholder's be adjusted to reflect the true o/s of 1.1 million shares.
Joeinvestor bought his shares in good faith, as we all did.
It would be the MM's who acted in bad faith and manipulation.
Call this "If I ruled the world" solution to the problem if #2 is the case. It is the solution fair to shareholders who were subject to MM manipulation because MM's knowingly traded and thus able to manipulate trading and the price.
So is it Door#1 or Door#2 ?? : )
Bo
I'll see what I can find out Monday Joye. : )
Monday is busy all day for me, but I'll be leaving a message for them to call my cell. I'll have my laptop with me and try to gain on-line access it I'm in the field when they call me back.
Later gators.
Bo
Mach I agree.
At least to my knowledge share issuance has to go through the T/A. Those that bashed and obviously supporting MM's and short sellers or wanted to try to get in lower than Thurusday close. (It didn't work...lol)
I'm glad you followed with the T/A as well which is further credible confirmation of the O/S according to him. Mach he quoted the A/S only to be the 5 million figure as filed on 2-2.
And you're so right, this is a simple one vs CMKX or others. I vowed to stay away from pinks this year, and go figure the only 4 I get burned on were pinks (BHSR, ITGJ, SSWH & GEMM). Although I do like GEMM alot! I know a lot of guys trade the pinks and do well. I just don't have the same luck.
Oh yeah...about being simple lol (got off track)...It's down to being one of 2 things as I mentioned in my last post. Call #1 certainly is in our favor. Call #2 to the company is pending and I plan to follow up again Monday.
OK, this is truly bye for now...LOL
Bo
mimurray, there is tremendous upside potenital
invloved, at least in the short term, which is incentive enough for me to keep working to try to find out.
Learning is never boring to me. Applying what I learn to make good investment decisions and helping others who help me (here on the board) is a great rush.
20 years looking at the big boards and 1 1/2 looking at smaller plays, it's scenerios like this where I go at it with 110% curiousity especially when we might be sitting on such great short term returns. Investing, especially in smaller markets is so humbling that no matter how much experience I have or how much I think I know, my pride is checked at the door. Not speaking for anyone else but seeing this type of matket for 1 1/2 years a good goal for anyone wanting to be successful is to:
1) Be confident in your knowledge and judgement.
2) Make buys at the lowest levels possible only when it fits your risk level, or are see an opportunity based on #1 above.
3) Learn from both good and bad and act accordingly so you always are improving #1 over time.
mimurray, something isn't right with GlKCE based on the 2-2 pr, the 2-2 filing and the 2 conversations I have had with the T/A over the last 2 days. In my mind it's either one of 2 things.
Either the true o/s is indeed 1.1 million and the MM's have ignored the R/S, or the company was somehow allowed to float shares without registering them with the transfer agent. The T/A said the latter cannot be the case. The T/A would have to file forms and register any restricted or new shares.
The one fact that LETSMAKEMONEY posted in the BB board on Thusday was the listing of trades on the R/S effective date. Thefirst trade went through at .10. The second trade went through at .15. It was the third trade that I believe when through at .0015. I don't know if someone fat fingered their trade or what. Possibly the market makers saw this and colluded to simply trade as if the R/S didn't happen or make it appear that some form of dilution occurred. But answer me this, if there was any dilution would we have seen it on the third trade of the day that the R/S was registered and in effect? Also ponder, if there was truly dilution would we have seen the strong move all the way up to .035??
It's either one of 2 things I mentioned two paragraphs ago. Whatever the answer is, it is worth my time to find out. If the true O/S is 1.1 million shares confirmed by both the T/A and company, I will suggest the company contact the right agency to correct the trading, and leave it up to those authorities whether they wish to take further action against the MM's. I will likely make a call or two myself if that is the case.
Wow, I'm way too long winded here for a nice Saturday. lol Headed out to suds up the vehicles. : )
Bo
zen-GEMM is certainly on radar because of the
SHO listing, which if enforced would mean that the MM's should be forced to cover and balance because GEMM has been on the list for the maxiumum days for MM compliance.
It will be a true test to see the effect, and like you I have no predictions on what we'll see.
It is the strong armed trading tactics of the MM's that have always concerned me as much or more than any other issue we discuss, including nss. I know I use that stupid poker analogy, but it is absolutely true. They play in the hand, meaning they are allowed to have long or short positions in stocks. Further they deal the cards and name each bet, meaning they decide with every trade how big of a share lot will be traded and what the Bid/Ask & Last price is.
I won't bore with example after example because I think we all see stocks being allowed to go up for absolutely no reason. Further, some stocks with great news and no dilution get frozen and stalled, then MM's start a walkdown.
GEMM was like that after their Project 1000 news. A viable diamond mine for crying out loud. They traded in the high teens last year on no news with just the potential of success. As we saw last week after their news, GEMM rose strong and stayed strong until .09. MM's froze trading at .09 creating doubt, they set up their short positions, then and simply kept jumping under people's Bids and only allowing trading at the bid 95% of the time and not the ask. They do it again and again every day.
No I don't think GEMM should have shot to the moon last week, but if allowed to run they would have hit or slightly surpassed last year's level easy in my opinion.
So you bet I'm watching the SHO effect. But I have learned hard lessons in this market to watch other MM trading tactics that seem unethical and could well be deemed illegal.
But when you deal the cards, name each bet and play in the hand anything is to be expected, but it certainly doesn't mean that it is right or legal for them to do what they do.
Have a good Saturday zen. : )
Bo
Narvo, yw. Others have given a heads up to me on some nice plays. DVD and prospector on TLTD, Joye on NEOM and I forget who mentioned GENM at .0009 the morning it pr'ed it's 50% share buyback, but all had the right stuff. My SPEA and GLKCE had the low float component which is so key.
Here's my thoughts on GLKCE and needing input from others. I confirmed from the T/A yesterday that the O/S is still 1.1 million. It would be great if one of the officers calls me back to further confirm it and some other questions I have.
Now I'm not blind their past filings of floating new shares, but if the company confirms that the true o/s is what the T/A states and they have not filed or converted any new issuance and don't plan to for a period of time, then this is prima facia evidence of MM blantant wrongdoing. One of my questions will certainly be if they can convert or issue any stock without going throught their transfer agent.
With other stocks, it is believed but not proven that this is going on through nss. With GLKCE, MM's could be blantantly ignoring the orders of a registered Reverse Split! If I confirm the above my thought is to call the DTC or SEC. I'm open to ideas from anyone who else should be notified if this is indeed the case.
If there is some quiet stock issuance that I don't know about that does not pass through the company's T/A then it will be a lesson learned. However, the stock moved so strong in the AM, then even after seeing what appeared to be manipulation in trading on the MM's part from 10:00 am until the closing bell, still finished up ~50% from Thursday's close.
Spring-like weekend ahead. Shine those cars up! : )
Bo
Actually, he did zent. I guess Terin had
turned 275,000 shares around early yesterday for a nice profit, then went all in...lol. He did this before he knew his share total was > the stated o/s by the transfer agent.
I sold because I didn't like the games they were playing with pricing and trading and wondering why they were allowed to continue to trade where the shares being traded have been confirmed to be greater than the O/S the transfer agent told me this morning.
It made no sense and should have been trading higher. I made no mention to Terin today to hold his shares after seeing the game and the range they locked this into. However if this blew past .035 and kept steamrolling to .07 or higher, he would have heard the same "hold your shares" request and I would have been holding right with him.
Seeing the move yesterday and the first 20 minutes this morning had me holding my shares tight and smiling all the way. From that point I thought it could actually get better if the MM's were forced to buy back and cancel shares. After 6 or 7 waves of see .016 to .02 .016, I felt closing my position from .006 was the good thing to do over the weekend for nothing more than peace of mind to enjoy the weekend. Believe me, I wish this thing showed strength to .07 or beyond and I would still be in it even through the weekend. I can't explain the lack of movement even after I posted what I confirmed with the T/A this morning.
Make no mistake, GLKCE is on very close watch. If no return call occurs today I'll place another on Monday. I want to make sense of what we are seeing very much, and find out if the MM's are blatantly trading this illegally by actually using false shares, known to be over the o/s, to strong arm the price down.
I try to bring plays as early as I can for anyone to quickly DD themselves and decide to buy or not. Never can I tell anyone when they should sell. That is personal and based on their own goals and tolerance. Even I don't know exactly when I'll hit the sell button. It varies sometimes by the week and sometimes by the minute. The plan for the day was to absolutely hold every share. After see over $1200 in profit slowly erode through the day I decided to be happy for now with the one day's effort. : )
GLKCE is still very much in play for me next week on close radar.
Patriots 34 Philly 20
My gf works tomorrow so I might catch everyone sometime tomorrow.
Bo
Final score for one day.
1/3 of my portfolio invested in GLKCE grew my entire portfolio 50%. It is clear from the T/A they are short on shares. Depending on how you look at the reverse split valuation, they should be priced at .07 based on the pre-split value of .0002, or .035 based on a pre-split value of .0001.
It ran into a wall at .035 early this morning, and began the slow walkdown we have seen. It is almost like neither MM's nor investors are sure how this will play out.
Even though I settled my position, this is on very, very close radar for me. There could be 100%-700% gains here or more.
My other item I was working on is a call I have placed to their IR representative and/or the president. A message was left for both.
I am not sure if GLKCE is a threshhold security because there is obviously shares in the market well above the current O/S. If they become listed, this will be a true test of MM compliance and how a stock acts once the DTC and Outstanding share amount are in balance.
Have a good weekend all. : )
Bo
rookie, from Terin's post and my call to the T/A
today (which I posted earlier) you are correct.
I still have one more piece of investigation outstanding, but based on my conversation with the T/A and what Terin is reporting from E-Trade I am curious to know if GLKCE is considered a threshhold security which can be placed on the SHO list.
They are strong-arm sucker trading now to try to get shares.
Because that type of trading is underhanded and that is who they are, they are good at what they do.
Bo
Translated, hold your shares tight or add
at your comfort and risk level.
One task down, one to go. I am hopeful by today or by Monday at the latest I can pass even more info and confirmation to the boards. : )
Bo
I spoke with Mr. Coates who is the transfer agent for GLKCE.
Bottom line:
1)The O/S is exactly the same as he quoted yesterday. There has been no change to the number and no forms requesting any change have come in. The 1,158,209 is the o/s post-R/S and he has received no papers or forms to tell him otherwise. All shareholders would be protected in case one or 2 people try to obtain all the certs. (example 2 people requesting a total of the 1.1 million certs). His job would be to issue the number certs in accordance with the value based on an o/s total of 1,158,209!
2) Any new share issuance of the company, whether it be from convertable, restricted stock or new issuance has to be cleared and issued from the transfer agent. He stated heavy paperwork and time is involved especially if it is restricted or converted shares.
Spoke with him at 11:30am today.
Let the bidding continue!!!
Bo : )
Are you ready?
I spoke with Troy Coates who is the transfer agent for GLKCE.
Bottom line:
1)The O/S is exactly the same as he quoted yesterday. There has been no change to the number and no forms requesting any change have come in. The 1,158,209 is the o/s post-R/S and he has received no papers or forms to tell him otherwise. All shareholders would be protected in case one or 2 people try to obtain all the certs. (example 2 people requesting a total of the 1.1 million certs). His job would be to issue the number certs in accordance with the value based on an o/s total of 1,158,209!
2) Any new share issuance of the company, whether it be from convertable, restricted stock or new issuance has to be cleared and issued from the transfer agent. He stated heavy paperwork and time is involved especially if it is restricted or converted shares.
Spoke with him at 11:30am today.
Let the bidding continue!
Bo : )
Mach and Joye...
Mach, a few of us are locked in nice. I did see your post on BB and YW. I'm trying to save my remaining posts, I ran the 18 to the ground yesterday. I only have 8 left after this one, so you don't see me post for awhile, just know I'm watching and hopefully can report later with confirmed information.
Joye, what you report seems to be common of other E-Trade investors. We know for a fact the company is not under investiagtion..lol. It's trading today for crying out loud.
Something is up which could be a sign for futher serious upside.
When you see today's trading, remember Billy's post.
I'll be scanning and get back when more can be confirmed.
Bo : )
Good job Mach.
We see what the rest of today brings. : )
I recently went into a partnership and had a busy day with my partner planned beginning late morning. He called 1/2 hour ago and said today may not be good for him. I couldn't get the words out of my mouth fast enough... "don't worry we can meet Monday and get it done" LOL
Bo
Billy, your post is exactly on point.
We would not have seen this type movement this morning.
Hopefully info can be further confirmed this morning or by early afternoon which could take this much higher.
Bo
Tks Mach, using 3 factors as a barometer
1) October's chart after the reverse split.
2) The fact that the company price was affected by a technical issue (Mr. Costello an outsourced accountant) wasn't registered) and not valuation.
3) The STRONG price movement we aer seeing already.
There is tremendous upside.
Hopefully one or both of the things I am working on can be confirmed to further strengthen what we are seeing.
Bo : )
Called and left message with T/A.
I will keep advised, and am following up on other DD which I will post once verified.
Bo : )
In fact, the last 2 filings prior to 2-2-05
were an 8-K detailing the terms and proceeds from the sale of their card service division, and on 1-14 a withdrawal of what you refer to, making your point moot:
GLOBAL LINKS CORP.
3571 East Sunset Road
Las Vegas, Nevada 89120
Telephone (702) 948-5500
January 14, 2005
VIA EDGAR
United States Securities and Exchange Commission
Mail Stop 0304
Washington, D.C. 20549
Re: Global Links Corp. Form POS AM
Ladies and Gentlemen:
Global Links Corp. requests the withdrawal of the Company's Post-Effective Amendment (POS AM), file number 333-117712, filed on December 23, 2004. The live filing of the POS AM was the result of mistake by the Company's EDGAR filing agent.
If you have any questions, please contact me or Norman T. Reynolds of Glast, Phillips and Murray, P.C. at (713) 237-3135.
Very truly yours,
/s/ Frank J. Dobrucki
Frank J. Dobrucki
President
Or maybe not. The T/A was called and I'm sure will
be called again today. See February 2nd's pr and filing.
Sorry you didn't get in yesterday. See October's charts plus value news since then. It's clear your trying to get in while the entry is good. Good luck.
narvo, thanks and feel free to copy.
I have to watch my post numbers already, I only have 15 to go! LOL...The 18 went quick today. : )
Bo
GLKCE - Reference DD and comments.
First to put something behind us that has not been a big deal tonight, but has popped up once or twice. I'm referring to the website of what seems to be an over-angry bad investor who lists companies he has a problem with and tried being cute naming an award for them.
I'll only touch on three, and it's funny how GLKCE only trading it's 3rd day with this new symbol is somehow on this webpage. However if he wishes to put GLKCE in the same breath as USGA, UGHO and MRK, we who got in after thr R/S and in on Thursday's trading will be smiling big. USGA has a modest O/S (95 million), generates revenues, has a decent chart and closed at .179 today. UGHO has a modest O/S (35 million), a nice chart, a product that is BETTER than TASR's and closed at $2.02 today.
Merck (MRK) has been a historical Dow giant, generated 5.5 billion dollars in revenue just this most recent quarter and a net income for the same quarter over $1.3 billion. Yep, they had trouble with one of their drugs in October 04, but look close...since November 04 they are up ~15%.
He may want to rethink his list.
Anyway, GLKCE is scary good from many different angles, obviously one of the reasons is the confirmed O/S today over 1.1 million shares! There's good beyond this incredible point however...
If you multiple the o/s (1,158,209) times today's close (.0119), the market cap totals $13,782!
Let's just say there is a hell of a lot more upside from today..lol. In fact let's look at value...
GLKCE has over $4 million in assets. These assets are poised to grow in book value and revenue for the company. They own land with a book value 1.8 million dollars which is land for development. They are curently working on a 40,000 square foot office complex, plus other commercial development to be sold upon completion. In Kingman, Az they are involved in building a 1000 unit senior housing complex. To facilitate and manage this work, the company merged with Quality Construction Corporation late last year.
Also in Decemeber of 04 they sold their Global Links Card Service division to PTSN, with the terms being as follows.
PTSN paid them $55,000 up front, then $40,000 each month for 5 months ($200,000 on top of the $55,000 up front). Plus any debt of the card service company was assumed by PTSN.
Not bad huh?
Let's look at one more thing...October of 2004. It was in this month, specifically on October 7th that a reverse split was done. Look at the chart after October 7th, ranging from .10-.30 with 5-6 days closing at or well over .10/share. This was before the value from the sale of the card service, and before the merger with Quality Construction Corp. Now I can't pinpoint what the exact O/S was during that October period but I would bet a bottom dollar it was higher than 1,158,209!
On November 1st it was 22,856,687. Two things about November 1st I want to mention.
First, the only reason the 'E' is there is NOT because of any wrong-doing or lack of value at all. It was simply that Mr. Costello (who is a CPA practicing in California) was not registered with the PCOAB (public accounting oversight board). Lynda Keeton is and is now serving for them. The 'E' will disappear soon.
Second, with this info I can only assume at some point in October or November of last year did Mr. Costello's status come up which would explain the fall in price then, which doesn't relate to company's value at all.
So, on Nov. 1st the O/S was 22 times bigger than it is now! The company's value is more transparent today than it was then. They also now have a registered accountant with the PCOAB to remove the 'E'. On November 1st it looked like the stock was trading around .005-.01 (the historical chart didn't give me exact pricing). At the very least we could see prices 22 times higher than November 1st. Going further, based on value alone (discussed above) and the current O/S a market cap of $5 million - $10 million is not unreasonable here.
However, add on the fact that Terin himself owns more shares than the O/S it is sensational for anyone that bought after the R/S date thru today (Thursday)!
If there is a flood of shares for whatever reason, those who bought after the R/S and through the close today did so in good faith and will (and should) be rewarded.
The only remedy that makes sense is for MM's to be required to buy back shares at whatever price (meaning as high as it takes to sell :) to be retired, reducing shares until the market has balanced and equalled what the true O/S is now.
Whether it is the MM's or the T/A who have to pay for this buyback to balance the market with the o/s matters not. It is not the fault or concern of the company or the shareholders who acted in good faith during this period.
Let the bidding begin!!! Hold your shares Terin. : )
Bo
Terin, buddy as long as you hold your shares every morning
can be a gapper, and every day a move higher. : )
Be well, Bo
Tim, I've never seen anything like this where
one investor owns more than the confirmed o/s.
With Terin holding his shares, all the MM's can do is bid this up and try to figure out how to get out of this mess.
This is obvious nss and they know it. This will be interesting well beyond tomorrow's gap.
Bo
GLKCE's T/A...801-281-9746
Mach, I called myself. Spoke to the T/A. He
confirmed the o/s I posted earlier. I repeated it to him and he said "that is correct".
801-281-9746
Bo
GLKCE- The first true nss squeeze I have ever seen.
The best is yet to come with Terin holding greater than the o/s. This goes well beyond a nice morning gapper. : )
Mach I got filled early, but it was tough. : )
The nss squeeze on this is what we are seeing now. The first true nss squeeze I have ever seen.
Bo
Terin, you've been dealt a royal straight flush.
As long as you hold, the price goes straight up. There is obviously a nss position here!
Posted by: Terin
In reply to: None Date:2/3/2005 3:29:11 PM
Post #of 196056
GLKCE - I still own more than the O/S!!!
Guys this is a market anomaly that may not be seen
again. If what Terin says is even half true, the o/s is only 500,000 with the float less than that.
If what he says is true and he does not sell, this is the sweetest ticket in town!!!!
20 years of investing and I have never seen this.
Hold every share Terin.
Bo
Terin...don't sell one share buddy!! Not a single one
Let's make this one something to talk about for years to come!!
Bo
Mission control calling Terin. My friend I could
not tell you what to do or trades to make but if I had a confirmed amount in my portfolio over the o/s like you do, I would sit back, smile like I never had before, and watch them bid to try to get my shares.
Not sure if I ever seen such a low o/s where you have posted three times now that you own above that amount.
How sweet it is. : )
Bo
If I was Terin and had a royal straight flush dealt...
There would be no way I would sell one share to the MM's!!!LMAO
Imagine owning more than the confirmed o/s in any one stock, holy rip! You can basically sit back name your price, watching them bid for your shares!!
Bo
Terin's 3rd post re: his position...
Posted by: Terin
In reply to: None Date:2/3/2005 3:06:00 PM
Post #of 196003
GLKCE about to break .01. I still own over the O/S.
Terin buddy....
If what you say is true....We have a tiger by the tail to the N'th degree!!!!!!!
By holding your shares this has no choice but to go STRAIGHT UP!
If you sell some to take some profit I understand...lol. But even holding half of the o/s will still make this a rocket.
MM's have no choice and obviously there is NSS involved here if what you say of your position is true!!!
: )
Bo