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You sound like the CEO of ICAN and no knowledge of shorting. You must be the guy.
If the guy thinks that RB post about how volume is calculated is correct then he needs to have his head re-examines. The MM are selling to each other to increase their volume and collecting profits for them self. The stock and company does not benefit from this at all. In fact, if the MM only traded to them self in massive block trades (like they did today and all week) then the SEC sees volume and won't do anything. The end of day hod up ticks only makes the SEC go away. After all, when you scan stocks they look for the EOD price. That is why the SEC *prohibits* insiders from trading during the last half hour so that they can not make artificial increases in the PPS. No insider is legally allowed to trade in the first 30 minutes, as well. SEC rules.
MM are suppose to supply volume (for liquidity purposes). I guess the CEOs of some of these Pinksheet and OTCBB companies should have asked for a more specific form of volume. If the CEO is that dumb to not see what they are doing that he should be fired. Any idiot can see when you paint the tape at the eod with micro small bids all you are doing is effecting the parameters that measure the END OF DAY price. So when they dump millions and millions and paint the tape you KNOW something is going on.
The CEO needs to either fire these MM or take legal action. He better do it soon. Someday soon the MM will loose the bid and then he is stuck. And if he THINKS he is getting off pinks then he is crazy. He let this drop 1000 fold and did nothing and now he admits that he has no idea what shorting a stock means? Talk about stupid.
ICAN needs a good lawyer fast. And one to investigate this CEO. How can I get my money back? How about a bid support of 0.0003. Then I will be happy and others can get trapped in this junk. Man- the CEO let his stock drop 1000 fold and didn't saw a word. Talk about shear stupidity. What bucket of sand did he have his head in?
LT- This makes me think the guy is either stupid (to quote RB for his facts) or someone who is either in on the scam. These huge MM to MM sales make the MM look good but is killing his stock. This sucker was at 18 cents a share and has been straight down and he doesn't know enough to fire the MM who is working on it? I bet it is PERT or NITE. Those two will do anything.
ICAN needs to reconsider their CEO if he is this stupid. No way they will get to OTCBB with him on charge. He can't see a simple scam like this? I mean- if doesn't take a rocket scientist to see what is going on. It is down 1000 in three months and he believes the MM? What crap.
About ICAN's CEO-
I am about 99% certain that he is posting on Raging Bull about his company under the nick Howard R. Hughes. As people who are on this board who have been posting about their correspondances with him claim that he is mad as heck with ManinFla, well, the poster Howard R Hughes has been posting back and forth with that guy on RB. So I think that is the link. The recent conversations about him having no knowledge about shorting is makes me think so too. The poster on RB claims that when MM sell a stock they double the volume since it is a buy and sell at the same time. Sounds like it could be our guy.
ICAN doing same game as usual. Big dump at LOD and paint tape at HOD so it looks like it is moving. These MM are real good at making the chart look good by eod trades
ICAN millions traded and no PPS move 0.0002 x 0.0003
maybe the guy who runs ICAN is actually a real CEO instead of these puppet guys who run these sub scams and just S-8 themself. Maybe this guy is trying his hardest. I just don't understand how the stock can depreciate so much.
I would fire the MMs doing it.
Have we had the PR that said that CEO contacted MM to ask why there is so much extra volume and no way it could be explained by the float?
I would like that!
ManinFla- perhaps he blames you for trying to link Astrom jerks with his company?
A PR would be better than a website, but I will take the website.
Did you ask IR about why there was so much volume and no PPS movement for a stock with 205 Million float and this price? I wonder if they notice?
Is that the 'new' website as promised for the 15th? It has been up for a bit now. I guess we will see no information about OS and float on it. Oh well.
Oh I don't doubt that MM will do what ever it takes to make money on these subs. The only defense we have is the CEO giving out the OS and float. Once that is public information the MM are in trouble and you can start the process of stopping them from doing what they are doing. But so many sub's CEOs either 1) don't care, 2) are involved in separate scams them self, or 3) think they can outsmart the MM (like CMKX is trying to do but its not going to work.) All MM have to do is provide liquidity (i.e. volume). Doesn't mean it has to be positive, in fact, they could let it trade 10 trillion shares at 0.0001 (like CMKX) and no one can stop them.
If ICAN was smart they would release full OS and float on their new website. That would cause upward movement most likely as long as the Company does not start diluting simultaneously. Like I said, DFLR released the OS from the outstanding and the S-8 that was issued and that single filing made the stock move. People knew that it was not diluted to death.
Of course Irish talked with the CEO of ICAN. I have spoken to him in stockgappers before and do not doubt him. The problem I have is that we do not know what has happened since that time.
ICAN will run if CEO puts OS *AND* float on new website. Could run hard if float is not that big. This is what made DFRK run. They issued the 8-K with OS.
Well, there is a distinction I don't think traders understand. Never is a long time. They can cover in hours, days, or years, and SEC does not care. I don't think any MM would bother running to do so for companies with no known OS (pinks) or those that just simply dump shares and keep R/Sing themself. Besides, the endless use of S-8s means the CEOs only care about the money they get and not how it happens. People forget that MM work for the company. So CEOs know exactly what is going on. And the SEC does not care with the bottom of the bucket companies. After all, how many of us traders are investors and actually have certificates for these subs? Not many.
Naked shorting is a myth in that people think that the MM are doing it like it is some sort of illegal activity. In fact the rule change only affected individuals and not MM or brokerages. So what they do is allowed and legal by the NASDAQ.
PPl thought they got some huge victory with the Naked Short Rule change. They didn't. All MM short and they tell you that when orders come in they immediately short because they do not have inventory. They claim that this practice is acceptable on small and large caps as this prevents people from having to buy back shares at higher prices or trapping people at high prices. They even claim that the problems at the low ends (subs) are acceptable because these stocks are pure junk in their minds, used only for equity dilution for the company, and have no real value. The SEC agrees with them and allows their practice.
So when some PR comes out by a company that says that their stock is victim of the MM naked shorting I just laugh. Just shows how ridiculous these CEOs are. I mean, how does the CEO of a super sub justify having no company income, a huge staff, and a $600K salary (that is what EWMD's CEO makes ladies and gentlemen)? They want someone to blame but without naked shorting then I doubt that any MM would put up with that CEO's endless dilution funding for his company.
It is like the biting the hand that feeds them. And so many traders proclaim on boards that so and so MM is covering when in fact they do not have cover at any set price or amount within a given time. That is just the traders.
I think they do that to affect the chart. Since some ppl often look at the open and close price it will look better. I still have no idea how this company can claim that only 200 MM shares are free trading when the MM are dumping millions of shares between them. There is just no way. And it ain't naked shorting, that is a myth. Someone inside the company is dumping shares, IMO. Maybe to pay for their Xmas bonuses? After all, they need'em.
ICAN celebrates their new website by dumping millions of shares on the market. I wonder if it will say that only 200 Million shares are free trading tomorrow? I doubt it. Really do.
RLTR news about Beta test. Looking good for January release.
which way is ICAN going? Looks up to me
Just curious :) eom
What is this rumor about CMKX canceling 40 billion shares?
HTDS- I would NOT go around pumping it and posting stupid messages about buyout possibilities. Bottom line- buyout ain't gonna happen anytime soon. Also- look at the sister company and decide on which one gets the drug and which one gets nothing. Stillw aiting for the court decision.
About HTDS:
Looks, this company has a product in testing. Okay, but did you know that some of the founding members left HTDS and started a new company called ArTec, Inc. and are also trading on PINKSHEETS under ATKJ? Go to BIOSPACE.COM and search under Tubercin and you do NOT find any links to info about HTDS, Inc. It is all ArTec stuff.
This is gonna get messy. There is already litigation between HTDS and ArTec and this will get messer if something comes of the trials. So watch BOTH these stocks and maybe play both. One will win in the long run.
There is a lot of hype about this stock and I would not hope for a $1-2 buyout anytime soon. Yes, many large companies buy small start-up companies and take their drugs into development but in fact those are few and far between. There are many small companies with drugs in PHASE II that are still separate entities and are NOT bought out. Many large pharma companies wait until at least PHASE III started and in progress and PHASE III takes years, not months to complete.
Of course, I could be wrong.
ICAN buying op. THis will run before split
CSCA 4000 for 1 reverse split (DEF 14C)
CASCADE MOUNTAIN MINING COMPANY, INC.
200 Hannover Park Road, Suite 120,
Atlanta, GA 30350
NOTICE OF WRITTEN CONSENT WITHOUT MEETING
To be taken on December 31, 2004
To the stockholders of Cascade Mountain Mining Company, Inc. (the "Company"):
Notice is hereby given that our majority stockholders, pursuant to a
written consent without meeting, will authorize the changes to our Articles of
Incorporation to affect the following:
1. to affect a 1:4,000 reverse stock split,
2. to reauthorize Three Hundred Million (300,000,000) shares of our
common stock with a par value of $0.001 per share ("Common Stock"),
3. re-authorize Ten Million (10,000,000) shares of preferred stock, par
value $.001 per share of preferred stock (the "Preferred Stock"), and
4. to change the name of the Company to "National Parking Systems, Inc."
http://www.sec.gov/Archives/edgar/data/1178377/000130445904000122/doc1.txt
NEAL.PK 10 for 1 RS
(NOTE: THIS COMPANY DOES NOT FILE BUT FILED A PRE-14C.)
NEW ALLIED DEVELOPMENT CORPORATION
_________________________
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS
To Be Held January 10, 2004
_________________________
TO OUR STOCKHOLDERS:
A special meeting of stockholders of New Allied Development Corporation
will be held at 18826 Pagentry Place, Monument, Colorado 80132, on Monday,
January 10, 2004, at 10:00 a.m., Rocky Mountain Standard Time. The purposes of
the meeting are:
1. To consider and act upon a proposal to authorize an amendment to the
Articles of Incorporation for the following purposes:
a. To change our company's name from "New Allied Development
Corporation" to "New Allied Lending, Inc."
b. To increase our authorized shares of common stock, no par value per
share, from 25,000,000 to 250,000,000 shares of common stock.
c. To effectuate a reverse split in our common stock on the basis of
one share of common stock for each ten shares of common stock outstanding.
2. To transact such other business as may properly come before the meeting,
or any adjournment thereof.
http://www.sec.gov/Archives/edgar/data/310179/000107997304000692/newallied_scd14c120804.txt
TSRG R/S 150 for 1
TRANS ENERGY, INC.
210 Second Street
P.O. Box 393
St. Marys, West Virginia 26170
NOTICE OF ACTION TAKEN BY WRITTEN CONSENT OF OUR MAJORITY STOCKHOLDERS
Dear Stockholders of Trans Energy, Inc.:
We are writing to advise you that Trans Energy, Inc. will implement a
reverse split of our outstanding common stock on a one share for 150 shares
basis. The reverse stock split has been approved by unanimous approval of our
board of directors and by stockholders owning a majority of our issued and
outstanding shares by written consent in lieu of a meeting of stockholders.
http://www.sec.gov/Archives/edgar/data/919721/000093173104000364/tsrg-pre14c120704.txt
MLON- if LEBED picks it we rock!
Does anyone take Lebed seriuosly?
The guy was stopped by the SEC and somehow gets to keep going. A pumper.
Never invest into a stock we discuss unless you can afford to lose your
entire investment. For our full disclaimer goto
http://www.lebed.biz/disclaimer.htm
About Tubercin
I did a search of it on Biospace.com, a pharmaceutical web site with a news and product section. It came back with this result:
http://www.biospace.com/navigate/search.cfm
So Tubercin is linked to that company ATKJ, which is also PK and started in July by the former people from HTTD. This could get messy if that litigation is not solved.
S-8's start in three days from filing so it can not be finished on Monday.
ZWLL has filed PRER14C:
To Our Stockholders:
The purpose of this information statement is to inform the holders of
record of shares of our common stock as of the close of business on the record
date, December 1, 2004 that our board of directors has recommended, and that the
holder of the majority of voting capital stock intends to vote on January 3,
2005 to effect the following corporate actions:
1. Amend our articles of incorporation to change our name from
"ZannWell Inc." to "The BlackHawk Fund";
2. Approve an amendment to our articles of incorporation to increase the
authorized number of shares of our common stock from 900,000,000 to
4,000,000,000 shares;
3. Grant discretionary authority to our board of directors to implement a
reverse stock split of our common stock on the basis of one post-consolidation
share for up to each 800 pre-consolidation shares to occur at some time within
12 months of the date of this information statement, with the exact time of the
reverse split to be determined by the board of directors;
4. Grant discretionary authority to the directors to implement a proposal
for ZannWell Inc. to become a Business Development Corporation to occur at some
time within 12 months of the date of this information statement, with the exact
time of such conversion to be determined by the board of directors;
5. Ratify the removal of R. Patrick Liska from our board of directors;
and
6. Ratify the election of Steve Bonenberger and Brent Fouch as our
directors.
_____
Source: http://www.sec.gov/Archives/edgar/data/1096768/000101540204005293/doc1.txt
So it will not happen until after New Years and then it will take 20 days to take affect. I expect an S-8 before then. LOL
WATCH OUT!
Watch RLTR- can it maintain momo; Broke out of channel yesterday
RLTR- Yes I am watching and in.
Finally broke out of channel (0.05-0.06) and closed at HOD. Looking for a run soon. IR people are trying to get info about the beta test for their service and they should be very good.
This sucker could run big. Has a $1.39 price target on it and lots of PRs recenly (www.pinksheets.com)
ZWLL holders- CEO sold company to PLMI. No idea why.
8-K out today.
http://www.sec.gov/Archives/edgar/data/1096768/000101540204005263/doc1.txt
GORX halted- here come the pain!
The FDA says they did not get approval!
WBID has new price estimate of 0.35. Check out news.
http://biz.yahoo.com/pz/041130/68529.html
RLTR CEO conversation on WallStreetReporter.com
Check it out. Could be really big in 2005. Said looking for successful launch for holiday season.
http://www.wallstreetreporter.com/profiles/REELTIMEVIDEO.html
Looks like they are going to go with Microsoft. They can't say the name but they said they are talking to some big players. They will be using their products.
Do your own DD.
RLTR- check out chart. News may be coming this week. Beta test of service is done. A PR could should come out this week to describe the next phase.
RLTR- Video on Demand. www.reeltimetv.net
BFUN- Did you see this MR? from NT-10 on 9/29:
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? Yes [X] No [ ]
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
The Registrant expects to report a Net Loss between $3.5 million and $6.0 million, equal to between $0.16 and $0.27 per share, for the three months ended June 30, 2004, as compared to a Net Loss of $9.2 million, equal to $0.63 per share, for the three months ended June 30, 2003, and a Net Loss between $14.7 million and $17.2 million, equal to $0.81 and $0.94 per share, for the year ended June 30, 2004, as compared to a net loss of $36.2 million, equal to $2.47 per share, for the year ended June 30, 2003.
_______
Looks like better results coming.