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The big news is there is no news.
Seeing that shorting is on our mind, I took the following
from one of the InvestorVillage boards. Seems they have
the same concerns with the same MM's. Thanks to crackerjack.
A New Form Of Naked Shorting??????
I am at my wits end on what to do about this new problem.
I know of no other way to contact you and have no idea how to proceed. It is happening again. Now the rules have changed. Apparently the bad guys have found a way to implement an algorithmic program that skirts the deficiency guidelines and can drive virtually any stock they want down to zero. I wouldn’t even approach you or anyone without exhaustive research and tick by tick examination of my findings.
I speak personally of one company I won’t mention here but suffice it to say its management and board are a veritable “who’s who” of their respective sector, the retail world, and international conglomerates.
Without the exact resources I seek, I cannot tell if it is just one party playing through multiple accounts, or perhaps 2-3, acting in concert to drive the stock down to zero. I do know through personal contact with countless traders and investors that our miscreants have found a way to stop people from buying stock in the company. When I say “buying stock” I would be referring to lots of size that could dramatically increase the price of the stock. They are preventing orders of size from crossing at the asking price. I now personally know of 16 million shares that have attempted to buy over the past 30 days and not one order has been filled. The stock now averages between 100-200K a day instead of around a million like it used to. Everyone knows if the ask on a stock is not allowed to print, a stock can never go higher.
The three market makers in SBSH, NITE, and UBSS are parked on the current bid and ask every day. At the open, a standard 5000 or 10000 shares hits the bid and takes it out daily. So, the stock is always down every day. The stock may go as much as 1-4 hours without a share crossing the tape. Or, every trade that goes through is on the bid. The message boards are full of messages of people trying to buy. Their order is in since the open at the current asking price, or even dramatically higher to assure a complete fill, and they are getting nothing. Then messages on the same boards will suddenly show that certain people have gotten fills to buy, yet no trade has crossed the tape in maybe an hour or two. And even worse, they will get a fill but at the same time they fill, a lot (fill) of shares crosses the tape at the same time as their fill for a completely different share amount.
Apparently our miscreants have found a way to credit some people with buys that never cross the tape. They are selling stock from one account to another to drive the price lower. They are not allowing block buys at the ask or above to cross the tape. They always show the stock negative. They have stripped the stock of 93% of its value to all time lows in 15 months. The stock has gone lower on 41 of 45 positive press releases in the past 2 years.
A great sales run and then a couple light quarters. Now, the company is on the verge of a host of new product releases and is sitting on four consecutive 100%+ revenue quarters in a row and its first profitability. The bad guys have stripped the market cap from $280 million to $18 million. Insiders have been buying all they are allowed to. There are no insider or institution sells in many months. The CEO and the Board are at a loss for what to do. The investors are at a loss for what to do. The SEC and NASD are not responding to anyone.
Ordinarily, if I wanted to buy 100K of stock and wanted it now, I could take a market order. However, market maker games suggest an order of that size would cause the market makers in the system to lift their orders and the buyer could get a significantly higher fill. So, a limit order is always used. To assure a fill, a buyer would take out the current ask and perhaps slightly above. Any remaining shares become the current bid and if more buyers do the same, the price moves up without our big buyer getting a complete fill.
When our bad guys on this stock choose to allow an order to buy to execute and cross the tape, that does not happen. This is what they do. If the bid is 8 and the ask is 9 and our buyer wants 25K at 9, he puts them in limit 10. He gets a few at 9 and not a single share ever prints at 10. They sit there and sit there and sit there and the bid is 8 and the ask is 10. His remaining shares NEVER show a bid of 9. Suddenly, trade after trade goes through at 9 and our buyer gets all his shares, or maybe he sees none of them cross the tape but he looks and suddenly has a complete fill without the shares printing on the tape. It changes every day. Then the ask drops back to 9. Then a few sells hit the bid at 8 and suddenly the bid is 7 and the ask is 8. The next day, it starts all over again.
It’s not about the story of this company. That’s why I didn’t say what it is. But it is about how this can be happening with the story that is out there. If it wasn’t for the story, individuals would not have discovered this and have it escalated to where it is now. I cannot believe this is an isolated issue to this stock. There has to be countless others. This particular stock hasn’t been on the SHO list in over a year. This current phase of the attack has been going on for 5 months every day, however, I believe it is a continuation of a plan that has been in place for a couple years. It just has taken on a new form.
They must be stopped. They can be stopped
I'll give it a try.
All we know for sure is that there is one unit on station
and earning revenue as of 7/1/08. I believe we where told
that 3 more units would be produced and put in to service
as part of the pilot program, then Bledsoe had 90 day's
to agree to additional funding and a JV agreement.
Here's a good question. If we are putting our full time
into gas wells in the USA, then what is Dr. Kent Moors
job going to be ? he was hired to launch ESPH in the
global market.
Your right it's very interesting, looks like she did
something she shouldn't have "OOPS"
Now we need to hear more about the new units
O.T - Naked Short Selling Resources. Think your going
to like this one. Taken from the IV board, thanks to
wuggy.
CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
http://www.financialsense.com/metals/crime/main.html
O.T - Naked Short Selling Resources. Think your going
to like this one. Taken from the IV board, thanks to
wuggy.
CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
http://www.financialsense.com/metals/crime/main.html
O.T - Naked Short Selling Resources. Think your going
to like this one. Taken from the IV board, thanks to
wuggy.
CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
http://www.financialsense.com/metals/crime/main.html
O.T - Naked Short Selling Resources. Think your going
to like this one. Taken from the IV board, thanks to
wuggy.
CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
http://www.financialsense.com/metals/crime/main.html
O.T - Naked Short Selling Resources. Think your going
to like this one. Taken from the IV board, thanks to
wuggy.
CRIME OF THE CENTURY
The Truth About Naked Short Selling in Juniors
http://www.financialsense.com/metals/crime/main.html
Your right, they give us just enough to keep our hopes
up but not deliver. I'll keep my money off the table for
the time being.
I believe that was one unit going into revenue service on
7/1/08 and the others where being built.
Every time I think this thing is dead, there's a PR that makes you think there is still a smoldering ember of life left. I'm not sure I'm ready to return to the fold any time soon, but I will follow this board and Corp. PR's for a greater sign of life.
We need to look past our own needs and borders when
thinking about water purification. Here is another
ground floor opportunity for EcoSphere.
Cleaning up Canada`s oil sands
Source: GLOBE-Net
Published Jul. 1, 2008
http://www.environmental-expert.com/resultEachPressRelease.aspx?cid=23745&codi=33418&idproducttype=8&level=0
Cleaning up Canada`s oil sands
Source: GLOBE-Net
Published Jul. 1, 2008
Ten of Canada’s largest oil sands companies have joined forces to clean up the oil sands - or at least to clean up the poor image of the environmental and social impacts of developing Canada’s oil sands.
The group - Canadian Natural Resources Ltd., Petro-Canada, Royal Dutch Shell PLC, Suncor Energy Inc., Syncrude Canada Ltd., Canadian Oil Sands Trust, Nexen Inc., Imperial Oil Ltd., EnCana Corp., and ConocoPhillips - have launched a new Web site where Canadians are invited to share the full spectrum of their views on Canada’s oil sands.
'We want to do a better job of communicating with Canadians. We need to understand the concerns that are being raised and respond to them with real solutions,' says the web site.
A national advertising campaign to draw attention to the initiative will start on this week, with the aim to deal head on with the issues that bother Canadians, and many others around the world, about the environmental impacts associated with the exploitation of the second largest pool of economically viable oil.
The web site does not duck the issues - Greenhouse Gas Emissions, Water, Land Use, Security of Energy Supplies, Economic Impacts, and Social Impacts. Nor does it sugar-coat the concerns.
'The debate around oil sands has gotten very national in scope and it’s also gotten very polarized,' said Rick George, CEO of Suncor in a Financial Post article. 'The first step is to open ourselves up to listen to what their concerns are. Hopefully the second step is to get a dialogue going -- an even-handed dialogue, which I think has been missing in this conversation in Canada.'
George’s concerns are well founded. As noted in an earlier GLOBE-Net article, oil sands related activities have become a significant contributor to Canada’s increasing GHG emissions. (Why are Canadians such bad polluters?)
A report released in February 2008 by Environmental Defence (Canada’s Toxic Tar Sands) focuses on concerns being expressed across Canada and around the world about the environmental cost of exploiting the Tar Sands of Alberta, which it calls Canada’s most serious environmental liability.
Kevin Meyers, president of Houston-based ConocoPhillips’ Canadian subsidiary also quoted in the Financial Post article, notes 'We have some tough decisions we are facing as a society. I personally believe we can do it all - develop the oil sands and do it in a responsible manner that helps provide the energy that North America and the globe needs - but if people say no, we don’t want that, then we have to talk about the alternatives.'
In reality, the alternatives will come nowhere near meeting Canada’s future energy needs, a fact clearly pointed out in a sobering assessment of our energy future released last November by the National Energy Board.
Oil sands production will grow and will contribute to increased exports and Canadian economic growth notes the report. While emerging technologies and renewable energy resources such as wind power and small hydro power projects will be increasingly used, fossil fuels will continue to be the dominant source of energy supply for Canadians through to 2030 says the Energy Board.
And it’s not just the Canadian demand that is in play here. The voracious appetite south of the border for high quality oil from the Alberta tar sands is the principal stimulus to the over $18 billion in oil sands related infrastructure investment planned as of 2008, and plans to raise overall production from 1.3 million barrels a day to 3.5 million barrels over the next decade.
Which raises interesting questions about US calls for cutbacks in imports of ‘dirty oil’ from Canada. US Democratic Presidential candidate Barack Obama has vowed to break America’s addiction to 'dirty, dwindling, and dangerously expensive' oil and one of his first targets might well be Canada’s oil sands.
Also this week a group of big-city Mayors in the US singled out Alberta’s oil sands in a resolution calling for national guidelines to track the life-cycle impact of different types of fossil fuels.
All in all, the move by the oil sands producers to open the debate to a broader audience could not have come at a more propitious moment. There is a great deal at stake here, not just for the economic well being of the oil and gas sector which is doing quite well at the moment due to the high world price for oil.
Also at stake is the well being of people and communities that are feeling firsthand the environmental, social and economic impacts of the near rampant expansion of oil patch exploitation activities.
'The CEO’s of the 10 companies that have come together to launch the public dialogue on the oil sands should be commended for their timely efforts,' says Dr, John Wiebe, President and CEO of the GLOBE Foundation of Canada.
'But words are not enough,' he adds. 'You cannot gloss over the fact that the environment has suffered greatly as a result of oil sands related activities and some very serious, expensive, and focused efforts are urgently required not only to remediate already damaged areas but also to mitigate any further detrimental impacts.'
There are still good O&G play's out there, but you are
dead right about the Momoplayers. They live for the
next trade only.
Is there news that's driving the price ?
frankie - Don't hold your breath waiting for that
to happen.
Jag - Your right non of us will ever know the truth
unless by chance we meet someone who worked there
at the time and was involved in the proceedings.
DR was smart enough to know you don't pick a fight with
the eight hundred pound gorilla unless your financial pockets are at least as deep as his.
Seems to me that WMI was in the process of developing
their own LFG business at the time and had a vested
interest in pushing us out.
I've been collect shares of this company for the
past few months as well as CSMG shares, and also
another stock we share.
There are a number in the field, but nothing that
can deliver large volumes of water the can be put
right back into the wells, plus the water is clean
enough to be put back into a river or lake. Another
plus is these units are portable.
House votes to curb energy market speculators.
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/26/AR2008062602895.html
I think this is correct.
HDSN (Hudson Securities)
NITE (Knight Trading)
Let's see what happens during the last hour of the
day. We still have traders playing games, so we still
have a chance of ending in the green.
Well I guess I was right about one thing today, the share
price did close above $6.00 mark at $6.12. I better stop
with the guessing while I'm ahead.
Yes I noticed, I was just telling a friend of mine
who bought in yesterday,that most investors would
love for Cramer to keep his mouth shut. He does
bring attention to your stock, but in the short
term it tends to be the wrong kind of attention.
Agreed, a classical case of the pump and now the dump
by those who follow Cramer looking for that short window
opportunity. While we still have a good deal of trading
time left today, it would appear we have a reasonable
chance of staying above $6.00 and that's not all that
bad.
Just a follow through of the Cramer effect. First the
rum up by the MoMo boyzz and the the profit taking.
Nothing to worry about.
What we need now is for the company to issue a PR
with positive news to keep the ball rolling.
"is our own worst enemy?" They may have proven that on
more than one occasion.
NYBob - Thanks, I no longer have the PM service.
NYBob - Here's two more reasons to buy BQI.
Published at 5:49am on 22 June 2008
A oil pipeline operated by Chevron in Nigeria has been blown up.
June 21 (Bloomberg)
Libya may reduce its oil production because there is more than enough supply in the market, Oil Minister Shokri Ghanem said.
Canadian OilSands is sounding more and more like the
place for the world, and us investors to be.
NYBob - Thanks for the post. I've been a shareholder
for almost three years, so let the fun begin. $18.00
would be a reasonable starting point for the future.
THe following is from another board, thanks to fastfreddy,
I think he makes a good case for the value of BQI.
What Cramer missed
That is, besides the whole energy bull and the top in the housing/financials mess.
As everybody in the oil business knows, oil properties are valued by oil reserves in the ground. That's the difference between moose pasture and oilsands. Looking at the IVAN release (and I've only just read this, haven't dug deeper) they paid $105 mm for about 300 mm barrels of oil. That's the average of Sproule's 216-394 mm bbl resource estimate.
That's $3 per barrel of oil reserve. You can set various BQI numbers if you wish, but their comparable number should soon be about 2.7 billion barrels. That's $8 B in market cap. or $30 per share. And I'm actually thinking, because of the high drilling success and correlation rates off the seismic, that 'reasonable' number should be drifting up to 6 B bbls.
Besides, there's lot's of 'details' in valuing real estate, which is what professionals (obviously not Cramer) take into consideration. Like BQI's project in business and tax friendly Saskatchewan. Plus (I'm guessing) IVAN's data like most other newbies in Alberta is taken from old drilling data from the 70's. There's talk of disallowing some of that, but even so, the modern data is much more revelent to minor things like recovery rates as it allows a more accurate assessment of the reservoir and better well placement.
Nobody should give much market creditability to any purchase by IVAN, but it'll be hard to discount Marathon's purchase of WTO for $2.40 per bbl of reserve. And that was a year ago when oil was 1/2 the current price.
Correction to the above: ( kaniksu )
Ivanhoe paid roughly 100 Million for 300 Million barrels on average. That is not $3/barrel. That is 30 CENTS per barrel. Using your example then, BQI's 2.7 Billion barrels would be worth 900 Million. That is a long way from 8 billion.
Typical Cramer, only half the story.
Cramer video clip.
http://www.cnbc.com/id/15840232?video=775175870
If your going to invest you money in a stock it helps
to do a little DD. Yes there is a $20.00 poison pill
if you will.
http://www.oilsandsquest.com/investor_information/news_archive/releases/cwpc_14032006.html
IN PART
we are committed to enhancing and preserving long-term shareholder value," said Thornton Donaldson, President of CanWest. "We believe that adopting the Shareholder Rights Plan provides our Board of Directors with the means necessary to effectively evaluate and negotiate alternatives to any coercive takeover attempts and is in the best interests of all CanWest Shareholders."
In connection with the adoption of the Rights Agreement, the Board of Directors declared a distribution of one Right for each outstanding share of CanWest common stock, payable to shareholders of record at the close of business on March 23, 2006. Initially, the Rights will be represented by CanWest's common stock certificates, will not be traded separately from the common stock and will not be exercisable; however, among other things, in the event that any person acquires beneficial ownership of 20% or more of the outstanding shares of CanWest's common stock, each holder of a Right, other than the acquirer, would be entitled to receive, upon payment of the purchase price, which is initially set at $20 per Right, a number of shares of CanWest common stock having a value equal to two times such purchase price. The Rights are expected to expire on March 9, 2016, or on March 9, 2007 if the Rights Plan is not approved by the CanWest shareholders before that date, in either case subject to unless earlier redemption or exchange in accordance with the terms of the Rights Agreement.
I can't talk for others, but I added another 2K today.