Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Everyone seems to be forgetting the potential short squeeze here.
Yesterday's trading numbers:
SHORTED in bold
|PFNO|3478126|10663729|O
With the numbers given in last night's pr plus a potential huge short position here this could be a shorters worst nightmare.
Why does Knight Equity Markets, L.P., formerly Knight Securities, L.P. own 4,519,059 of VSTL which represents 6.75% voting rights?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6403498
Load up on WFYW.....
Lightyear Network Solutions LLC has completed a securities deal that will result in the telecommunications provider trading in the public market.
Officials with Lightyear could not immediately be reached for comment.
According to a news release and filing with the U.S. Securities and Exchange Commission, Louisville-based Lightyear has completed a securities exchange with Libra Alliance Corp. (OTCBB: LBAL).
Libra was incorporated in Nevada in 1997 and previously operated as an Internet service provider. For the past two fiscal years, it had been searching for business opportunities, including a potential merger, according to the release. Through the securities exchange, Lightyear became Libra’s principal operating company.
For the nine months ended Sept. 30, Lightyear generated about $44 million in revenue, compared with $43 million for the same period in 2008. Lightyear has more than 80 full-time staff.
Under the securities exchange, Lightyear’s debt holders — composed of Lightyear’s owners — released the company from about $26 million in short- and long-term liabilities in exchange for 10 million restricted shares of Libra’s common stock to be issued immediately. Another 9.5 million shares of Libra’s convertible preferred stock will be issued to Lightyear’s debtholders shortly after the closing, the release said.
Also as part of the securities deal, the former officers of Libra resigned and were replaced by officers with Lightyear, which provides telecommunication services to businesses and residential consumers.
J. Sherman Henderson, Lightyear’s CEO, has been appointed CEO and to the board of directors of Libra. Other Lightyear executives named to posts at Libra are: Stephen Lochmueller, chief operating officer; Elaine G. Bush, CFO; and John J. Greive, in-house general counsel.
“We are very pleased with the completion of this transaction as it positions us to broaden our investor base, financially support an accelerated growth plan and implement a focused acquisition strategy,” Henderson said in the release. “The main focus for Lightyear will be continuing to service the telecommunications needs of our approximately 60,000 business and residential customers utilizing our independent national sales force of Lightyear Agent Partners.”
He added that the company’s management expects to increase Lightyear’s revenue and profit through a combination of organic growth and acquisitions.
“With Lightyear’s debt and interest obligations to its parent being extinguished via the exchange transaction, we believe that we are well-positioned to initiate our organic and acquisition growth strategies,” he said. “As a public company our goal is simple: we will look to translate the benefits that we believe our products provide to our customers into sustainable growth in revenues and earnings and, ultimately, increased shareholder value.”
This seems to be important for Wherify because during the financial meltdown in 2008 they were trying to merge with Lightyear and now Lightyear is in a position to just take them over.
I think something big may be coming here.
From the businessweek website
WHERIFY
Sherman Henderson
Chairman and Chief Executive Officer, Wherify Wireless, Inc.
Sherman Henderson has been the Chairman, Chief Executive Officer and Director of Wherify Wireless, Inc. since August 2008.
LIGHTYEAR
J. Sherman Henderson III
Founder, Chief Executive Officer and President, Libra Alliance Corp.
BACKGROUND*
J. Sherman Henderson, Sherm, III founded Libra Alliance Corp. (also known as Lightyear Network Solutions LLC) in 1993 and has been its President and Chief Executive Officer since inception in 2003. Mr. Henderson is a Founder of UniDial Direct and serves as its Chief Executive Officer and President. He has over 36 years of business experience in sales, marketing, management and company ownership. He served as the Chief Executive Officer and President of Lightyear Communications ... (formerly known as UniDial Communications) since August 1993. Prior to that, Mr. Henderson served at US Network, where he served as a Regional Telecommunications Distributor of American Centrex beginning since 1989. Mr. Henderson served as the Chairman of Comptel Ascent (formerly known as Telecommunications Reseller Association), a national trade organization, since May 1994. He served as Chairman of Comptel Oyj since 2004 and served as its Director. He has been a Director of Telegroup Inc., since October 1997. He has been a Director of Thermoview Industries Inc. since August 1998. He has been an Additional Director of Beacon Enterprise Solutions Group Inc. (Formerly, Suncrest Global Energy Corp.) since 2007. He has been a Director of LY Holdings, LLC since 2004. He has been a Director of Eagletech Communications Inc., since January 2001. Mr. Henderson has been a Director of Auric Mining Company (also known as Focus Affiliates, Inc.), since February 1998. He served as a Director at Libra Alliance Corp., since February 10, 2010. He served as an Independent Director of Voice Mobility International Inc. since June 12, 2007. Mr. Henderson holds a Bachelor of Arts degree in Business Administration from Florida State University in 1965.
LBAL was a clean shell before Lightyear merged into it this past February. We may hear some major announcements about a merger between WFYW and LBAL which by the way trades at $4.00/share
From WFYW last 8-k:
Item 1.01. Expiration of Merger Agreement with Lightyear Network Solutions.
As described in 8K filing on August 14 , 2008 Wherify Wireless, Inc. announced that it had entered into a Merger Agreement with Lightyear Network Solutions , which was conditioned on the merged companies being able to raise fifteen million dollars in financing. The Agreement automatically expired on November 30, 2008 when the companies were unable to complete the financing required by the agreement due to the economic conditions plaguing the financial markets. Wherify and Lightyear Network Solutions are considering a possible technology license agreement while the efforts to complete the contemplated merger continue. Wherify is also investigating alternative business combinations in the marketplace.
eMax Worldwide, Inc. Presents Updates to Shareholders of Their Progress in Becoming Fully Reporting and Up-Listed on NASDAQ
CHIPLEY, FL, Mar 10, 2010 (MARKETWIRE via COMTEX) -- eMax Holdings Corp. (PINKSHEETS: EMXC) recently renamed eMax Worldwide, Inc. states recent activity updates. EMAX Worldwide has been very busy the past few months working very diligently to getting in complete fully reporting status and up-listing the company on NASDAQ.
The Company's President, Roxanna Weber, stated, "We would like to thank each and every shareholder who has been patient while we have worked long hours to work hard towards making eMax Worldwide, Inc. fully reporting and up-listed. We have been working with FINRA and Pinksheets and have enjoyed the professional experience. With all the new compliance rules, it is taking all us a little longer to do things correctly and completely, but we are getting ready to cross the finish line and then the real work begins. We do appreciate all shareholders' input, calls and emails to our office. We do try to respond to every inquiry. At this time, we would like to give all shareholders a recap of the work the company has finished in the last seven months. The Company has: 1. Finished preparing their corporate financials through the end of 2009 and they are being reviewed by the company's Corporate Accountant and then the SEC auditors. 2. Prepared a full disclosure information statement, which is being prepared to be filed at their corporate website, at www.pinksheets.com, and the SEC. 3. Prepared numerous other filings for the SEC and Pinksheets that will be filed in the very near term. 4. Is currently rebuilding and rebranding all the EMAX Internet sites, including their online store ad media platforms. 5. Has put together an independent auditing committee. 6. Has retained the SEC auditing services of Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to prepare the company's financial audits and to help further work towards meeting SEC fully reporting status for up-listing. 7. Has scheduled its first shareholder meeting for December 3-5, 2010, at the Edgewater Beach & Golf Resort, gulf-front in Panama City Beach, Florida. eMax Worldwide guests can call reservations at 800.874.8686 to book their reservations or book online at www.edgewaterbeachresort.com using Promo Code: 1405. 8. Has retained the services of McMullen Associates LLC, http://www.mcmullenassociates.com, as securities legal counsel for the company. The attorneys at McMullen Associates have over 20 years' experience working with public trading company preparing documents, procedures and filings to meet SEC fully reporting status for up-listing to OTCBB exchanges as a fully reporting company. 9. EMAX Media Group has announced previously they have decided to go public, and the company has approved using the guidance and services of their SEC counsel McMullen Associates LLC to be the spin-off registration matters. During this process, the company's Board of Directors has made a decision that the dividend shares that are being issued in the companies named Freedom Entertainment in 2003 and the shares issued in 2005 in the name EntertainMax will be granted the right to be exchanged into the EMAX Media Group company and registered and freely trading shares on a share-for-share basis. The company will be announcing shortly the value of those dividends, which are at the transferred agent waiting for mailing. The company believes the shareholders will be happy in seeing the true value in those dividends when they read the financials, which the company is preparing to present in the very near term. 10. EMAX Finance has invested into the opening of a full-service real estate company in Florida."
Roxanna Weber stated, "We hope this information gives our shareholders a better idea of where the company stands and where we are headed a little bit more. We expect year 2010 to be a very successful."
About eMax Worldwide, Inc. eMax Worldwide, Inc. (www.emaxcorp.com) is a diversified holding company investing in family valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate and finance industries through five corporations. eMax Worldwide, Inc. holds stock interest in EMAX Media Group., EMAX Networks Group, Inc., EMAX Technology Group, Inc., EMAX Finance, Inc. and Washington Realty Corp.
Safe Harbor Statement Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
The more I research the more I believe something major is about to happen here.
From WFYW last 8-k:
Item 1.01. Expiration of Merger Agreement with Lightyear Network Solutions.
As described in 8K filing on August 14 , 2008 Wherify Wireless, Inc. announced that it had entered into a Merger Agreement with Lightyear Network Solutions , which was conditioned on the merged companies being able to raise fifteen million dollars in financing. The Agreement automatically expired on November 30, 2008 when the companies were unable to complete the financing required by the agreement due to the economic conditions plaguing the financial markets. Wherify and Lightyear Network Solutions are considering a possible technology license agreement while the efforts to complete the contemplated merger continue. Wherify is also investigating alternative business combinations in the marketplace.
Yes I believe you're right TJG.
When the market learns of this the pps will go ballistic.
LBAL was a clean shell before Lightyear merged into it this past February. We may hear some major announcements about a merger between WFYW and LBAL which by the way trades at $4.00/share
From the businessweek website
WHERIFY
Sherman Henderson
Chairman and Chief Executive Officer, Wherify Wireless, Inc.
Sherman Henderson has been the Chairman, Chief Executive Officer and Director of Wherify Wireless, Inc. since August 2008.
LIGHTYEAR
J. Sherman Henderson III
Founder, Chief Executive Officer and President, Libra Alliance Corp.
BACKGROUND*
J. Sherman Henderson, Sherm, III founded Libra Alliance Corp. (also known as Lightyear Network Solutions LLC) in 1993 and has been its President and Chief Executive Officer since inception in 2003. Mr. Henderson is a Founder of UniDial Direct and serves as its Chief Executive Officer and President. He has over 36 years of business experience in sales, marketing, management and company ownership. He served as the Chief Executive Officer and President of Lightyear Communications ... (formerly known as UniDial Communications) since August 1993. Prior to that, Mr. Henderson served at US Network, where he served as a Regional Telecommunications Distributor of American Centrex beginning since 1989. Mr. Henderson served as the Chairman of Comptel Ascent (formerly known as Telecommunications Reseller Association), a national trade organization, since May 1994. He served as Chairman of Comptel Oyj since 2004 and served as its Director. He has been a Director of Telegroup Inc., since October 1997. He has been a Director of Thermoview Industries Inc. since August 1998. He has been an Additional Director of Beacon Enterprise Solutions Group Inc. (Formerly, Suncrest Global Energy Corp.) since 2007. He has been a Director of LY Holdings, LLC since 2004. He has been a Director of Eagletech Communications Inc., since January 2001. Mr. Henderson has been a Director of Auric Mining Company (also known as Focus Affiliates, Inc.), since February 1998. He served as a Director at Libra Alliance Corp., since February 10, 2010. He served as an Independent Director of Voice Mobility International Inc. since June 12, 2007. Mr. Henderson holds a Bachelor of Arts degree in Business Administration from Florida State University in 1965.
IS IT JUST A COINCIDENCE THAT THE STATED CEOs FOR THE TWO COMPANIES NAMES ARE IDENTICAL EXCEPT FOR THE J AT THE BEGINNING AND THE III AT THE END hmmmmmmm...
Lightyear Network Solutions LLC has completed a securities deal that will result in the telecommunications provider trading in the public market.
Officials with Lightyear could not immediately be reached for comment.
According to a news release and filing with the U.S. Securities and Exchange Commission, Louisville-based Lightyear has completed a securities exchange with Libra Alliance Corp. (OTCBB: LBAL).
Libra was incorporated in Nevada in 1997 and previously operated as an Internet service provider. For the past two fiscal years, it had been searching for business opportunities, including a potential merger, according to the release. Through the securities exchange, Lightyear became Libra’s principal operating company.
For the nine months ended Sept. 30, Lightyear generated about $44 million in revenue, compared with $43 million for the same period in 2008. Lightyear has more than 80 full-time staff.
Under the securities exchange, Lightyear’s debt holders — composed of Lightyear’s owners — released the company from about $26 million in short- and long-term liabilities in exchange for 10 million restricted shares of Libra’s common stock to be issued immediately. Another 9.5 million shares of Libra’s convertible preferred stock will be issued to Lightyear’s debtholders shortly after the closing, the release said.
Also as part of the securities deal, the former officers of Libra resigned and were replaced by officers with Lightyear, which provides telecommunication services to businesses and residential consumers.
J. Sherman Henderson, Lightyear’s CEO, has been appointed CEO and to the board of directors of Libra. Other Lightyear executives named to posts at Libra are: Stephen Lochmueller, chief operating officer; Elaine G. Bush, CFO; and John J. Greive, in-house general counsel.
“We are very pleased with the completion of this transaction as it positions us to broaden our investor base, financially support an accelerated growth plan and implement a focused acquisition strategy,” Henderson said in the release. “The main focus for Lightyear will be continuing to service the telecommunications needs of our approximately 60,000 business and residential customers utilizing our independent national sales force of Lightyear Agent Partners.”
He added that the company’s management expects to increase Lightyear’s revenue and profit through a combination of organic growth and acquisitions.
“With Lightyear’s debt and interest obligations to its parent being extinguished via the exchange transaction, we believe that we are well-positioned to initiate our organic and acquisition growth strategies,” he said. “As a public company our goal is simple: we will look to translate the benefits that we believe our products provide to our customers into sustainable growth in revenues and earnings and, ultimately, increased shareholder value.”
This seems to be important for Wherify because during the financial meltdown in 2008 they were trying to merge with Lightyear and now Lightyear is in a position to just take them over.
I think something big may be coming here.
More to come......
Doing some DD on this one
Black Dragon Updates Humble EOR Project
OIL CITY, La., Mar 9, 2010 (GlobeNewswire via COMTEX) -- Black Dragon Resource Companies, Inc.'s ("the Company", "Dragon") (Pink Sheets:BDGR) Chairman and CEO Mr. Scott D. Smith is pleased to announce today that perforations are completed and internal tubing has been set on four of the five wells on the Humble Project. Crews are working to install pump jacks on the wells and to install the necessary tanks for oil sales. A plan has been put into effect to overcome any delays that power infrastructure may cause by utilizing generators temporarily to power pump motors. Initial production numbers should be coming in the next few weeks.
Mr. Smith went on to advise shareholders that Dragon has hired a new SEC attorney to finish the financials with a proper tradability letter for Pink Sheets. Dragon should be returned to "green light status" imminently. Additionally, the PV-10 reserve study should be completed this month giving shareholders recent reserve value information.
Black Dragon is an oil and gas exploration and production company currently focused on the acquisition of mature, producing and existing domestic oil and gas fields. This focus has eliminated exploration risk, reduced costs of completion, and provided rapid generation of income in a niche market where larger independent and major oil companies are not positioned to compete. Black Dragon intends to recomplete additional shallow producing wells and to expand its focus to include drilling of new wells some to deeper levels and to purchase additional leases.
Forward-Looking Statements - Safe Harbor:
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Black Dragon Resource Companies, Inc.
By Staff
CONTACT: CONTACT: Black Dragon Resource Companies, Inc.
Scott D. Smith
318-995-0404
scott@black-dragonoil.com
www.black-dragonoil.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Oil Exploration & Production
SUBJECT CODE: ENERGY
PRODUCT
Product Services Announcement
This must be the worst company ever.
They keep doing these ridiculous r/s and now they have changed their name to catch some new traders/investors whoever is buying.
This stock just always plummets to 00000 in a matter of weeks.
You can bet that more than half what's traded today is being shorted as well.
I would really love to see some solid news so this can run to multiple pennies and stay above a penny for a while so we can burn these shorts.
It could also be someone selling at market
Once ITMUQ breaks this it should crush .003
SPOC chart looks good for a run
SPOC .0031 thin to .05
SPOC ut pennyland coming
GCOG HTOG SPOC
Oil plays hot SPOC should follow
GCOG - .001
HTOG - .0013 getting ready to break out
SPOC 27mil os runs easily could hit .014 again
SPOC setting up for pennyland run
SPOC on radar .003 up 50%
SPOC - .003 low OS 16mil shell play
very risky but has potential based on m/a macd...
CYOS .0007
could get crazy next few days
CKEI short 27,183,715 shares 2/22/2010
ROVC SS from 7/31/2001 10KSB
39,358,073 O/S
40,000,000 A/S
Buyins.net had it on naked short list on 1/19/10.
That's all I see so far.
PPJE - .0002 On watch:
From Biomedreports
On 12/24/09, PPJ Enterprise (OTC:PPJE), a leader in proprietary automated health care reimbursement cycle (all specialties), on line health information digital systems and practice information management digital system software for health care providers and general businesses worldwide, has announced its subsidiary, Professional Billing Service (PBS) has secured three contracts (3) (as published on 11/6/2009) out of which two (2)pain management surgery center billing contracts and one (1) pain management physician billing contract in the greater Phoenix area.
GM SC looks like everyone's still asleep from partying last night after the games.
let's see if we can get a good week out of this one.
With interest growing we could easily run to .01+
Also had an 8 month high close. Lets see if she has anything left in the tank.
CYNS 85mm O/S penny runner easy