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No
Many people were able to convert. I personally sold a million to company and was able to with that money double up.
I think it makes no difference. I think the whole range is the resistance. We will break through it. It will just take time.
The short squeeze in my estimation will happen somewhere betwwen 4 and 10 cents. That is where their is no more resistance. 2 to 4 cents a lot of resistance. It will eventually get broken. Anywher under 5 cents is a buy. The company based on 2006 earnings should be trading around 18 cents. I estimate 2007 earnings could be much better if the company stays on track which it looks like they are. I estimate fair market value is 40 cents by the end of 2007.
This company is the most undervalued company I have ever come across in all my years investing and trading. I pesonally think this stock will trade for dollars some day just on fundamentals if they continue to execute. The short squeeze I expect could get us their a lot sooner at least temporarily.
The new interview with convergence ethanol is out.
http://biz.yahoo.com/pz/070130/112780.html
It was the day after the presidential Union address. Seems pretty cool. The company's can do ethanol from woodwaste.
Check out the newest podcast by convergence ethanol.
It was the day after the presidential Union address.
Definite worth watching.
http://biz.yahoo.com/pz/070130/112780.html
Another good article
Sewer Pipes
Nathan Vardi 02.12.07
Hedge funds are posting nice returns from deals that may involve ex-cons, stock scammers--even the Mob.
If your entrepreneurial venture were desperate for capital, would you get it from a hedge fund? Sometimes that's not such a good idea. Consider Laurus Master Fund. The Cayman Islands hedge fund opened with $5 million under management in 2001 and has grown to $1.6 billion making investments in so-called PIPEs, or private investments in public equities.
In those deals the fund invests in a cash-starved, thinly traded public company. In exchange it gets securities--notes that charge interest, warrants and options--convertible into common shares of the company. Laurus claims it has achieved an annualized net return of 18.5% since inception. The people running Laurus from New York--brothers Eugene Grin, 49, and David Grin, 37--are making out pretty well, too. In addition to the standard 2% of assets and 20% cut of profits, they also collect a closing fee, an average 3.5% of each deal, which they liken to points on a mortgage. As for the companies they invest in? Not so well. On average they lose 30% of their stock price within a year of signing a Laurus pipe, says PlacementTracker, a San Diego research service.
PIPEs are a big business, drawing $28 billion last year from hedge funds. Some of the companies raising the capital are large, but most are desperate indeed, too small or too weak financially to raise money with a public stock offering. Some of the hedge funds providing the money are not financiers that you would select if you had a choice.
Originally from Ukraine, Eugene Grin became a vacuum cleaner salesman when he landed in the U.S. in 1979. Then he worked as a broker of penny stocks, among other investments, at F.N. Wolf & Co., the boiler room shut down by regulators in 1994. At Wolf one of Grin's clients was Gilbert Bornstein, a 54-year-old unemployed man who invested $32,000 with Grin after being convinced he could safely double his money through penny stocks. (Grin says he never made that claim.) Bornstein was soon stuck with $27,000 in losses. Nine years later a New York State judge determined that Grin owed Bornstein $40,000. Grin has yet to pay that bill, and the judgment remains outstanding. "He was superwealthy," Grin shrugs, by way of an excuse. "There was money in the family."
Today Grin and his younger brother, David, still traffic in penny stocks. But they do so through PIPEs. Hedge funds love these deals because the shares they get are often priced at a discount to the market to compensate for the fact that they can't be traded until they are registered with the Securities & Exchange Commission, which can take months. Meantime, though, hedge funds can value those PIPE warrants and options pretty much any way they want and calculate their net asset value accordingly. The larger the gain in a fund's NAV, of course, the more attractive it is to new investors.
And the more attention these deals may draw from regulators. "Improper trading practices in connection with PIPEs is a concern," says David Markowitz, an SEC assistant regional director in New York. "It's an area that SEC enforcement is looking at." The feds have so far focused on the improper shorting of stock. It is mighty tempting for a PIPE buyer to double-cross the company it is investing in by shorting the company's stock and using the conversion privileges with the PIPE investment to cover its short position. That earns the investor a quick spread but wrecks the target's ability to raise more equity capital. Such shorting is forbidden by Section 5 of the Securities Act. In September a U.S. Attorney charged Hilary Shane, a former hedge fund manager, with insider trading, accusing her of shorting Compudyne's stock after learning that Compudyne was contemplating a pipe fundraising. On Jan. 4 Joseph Spiegel, a onetime portfolio manager for a New York hedge fund, settled SEC allegations of his using PIPE shares to cover short trades and paid a $110,000 penalty.
Andrew Worden, 41, runs Barron Partners, a $150 million hedge fund that has invested $85 million in pipes since 2003. The fund flogs its expertise in microcap companies. It doesn't promote the fact that Worden in 1994 pleaded guilty to wire fraud--he stiffed brokers on shares they bought for him that decreased in value--and served two years' probation. "I was 23 years old," Worden says of his indiscretions, which were not prosecuted for five years.
In March 2005 Barron Partners invested $1.5 million in Cordia Corp., a Winter Garden, Fla. Internet-phone outfit 54% owned by Alexander G. Minella, who in 1993 was sentenced to up to six years in prison. Minella, then president of broker Wakefield Financial Corp., pleaded guilty to having "secretly rigged the trading in certain Nasdaq securities" by getting brokers to trade among themselves to manipulate prices.
Corey Ribotsky, 36, heads N.I.R. Group, a handful of Roslyn, N.Y. hedge funds with $630 million under management. His first business partner successfully sued him for stealing away their marketing and consulting firm. The florist at Ribotsky's wedding filed a $7,275 claim against him for failing to pay the bill.
So how does he do as a hedge fund manager? A Ribotsky PIPE, on average, precedes a stock-price drop of 54% a year after the deal, according to PlacementTracker. That still works for Ribotsky because of the way he structures a PIPE: He receives debt securities convertible into discounted stock, in an amount determined by dividing the principal by the price of the shares at the time of conversion, less a steep discount. The further a stock falls, the more shares he gets.
Since Ribotsky invested $1.5 million in 2005, shares in Med Gen are down from $1 on the o-t-c bulletin board to a fraction of a penny. The Boca Raton, Fla. company had less than $1 million in sales from an antisnoring spray, diet pills and supplements. (Its biggest shareholder and chief executive is Paul B. Kravitz, the former president of AppleTree Cos., who paid a $25,000 penalty in 1996 to settle SEC claims that he failed to tell investors in an AppleTree offering that he planned to invest $250,000 in a gambling casino.) Ribotsky converted the debt into 171 million shares of Med Gen, at discounts of 40%, by September 2006. Did he sell his stake, triggering the stock-price plunge? N.I.R. lawyer Jonathan Schechter declines to say. "It is not us that makes a company lose its value--maybe a company hasn't executed its business plan," he says, adding that N.I.R. never shorts a stock.
One of Ribotsky's PIPEs, a $1 million investment in Roanoke Technology, a Rocky Mount, N.C. Web site designer, allowed N.I.R. to purchase newly issued shares at a discount of 50%; Roanoke's shares then traded hands on the o-t-c bulletin board at 12 cents. After Ribotsky sued Roanoke when it didn't meet its loan payments, Roanoke countersued, claiming that N.I.R.'s selloff of shares was destroying the company. Indeed, trading volume of Roanoke stock jumped from 180,000 to 2.4 million shares on the days Ribotsky's funds filed conversion notices, say court documents, and the stock price plunged to less than a penny. Both suits were settled. Roanoke chief David L. Smith Jr. ended up leaving the company and settling SEC charges in August 2006 that he improperly issued stock to consultants who sold them for $7 million and kicked back $4 million to him. Smith has been barred from acting as an officer or director of a public company.
When it comes to dicey partners, though, few are as accomplished as the Grins. They financed Francis O'Donnell, who has gotten to know the feds pretty well. Taking over as chief of Searchhound.com, an o-t-c bulletin board stock in 2003, O'Donnell changed its name to Coach Industries, quickly built up a controlling stake in the Cooper City, Fla. firm and started acquiring limousine companies. Laurus backed him with a $6 million loan. On Jan. 5 O'Donnell pleaded guilty to being an associate of the Genovese crime family. The indictment also claimed that an FBI agent posing as a drug dealer was asked to launder proceeds through Coach in exchange for a fee. In addition O'Donnell is accused of luring a victim to his office, where Clement (Clemmie) Santoro allegedly held a gun to his head and demanded a $1.5 million payment.
The Grins invested $1.5 million in April 2004 with Magic Lantern Group, which marketed Canadian educational videos. Their introduction to the company came through National Financial Communications, owned by Geoffrey Eiten, a Needham, Mass. newsletter writer who flogged companies and claimed to show readers "how to make 5,000%" on their money. Magic Lantern's biggest backer was Lancer Management Group, a New York City hedge fund that blew up amid accusations of fraud.
Magic Lantern, which lost $15.9 million on sales of $2.7 million in 2004, began to disintegrate. Eiten was sued in September 2006 by William Galvin, Massachusetts secretary of state, for engaging in "widespread 'pump and dump' transactions by publicly promoting certain stocks at the same time he was selling them." Galvin released chummy e-mails between Eugene Grin and Eiten's company suggesting they team up to sell Magic Lantern shares. Eiten denies any wrongdoing. Laurus managed to eke out what it calls "a nominal profit" before Magic Lantern's stock collapsed.
In November 2004 Laurus agreed to lend Thomas Equipment, which makes skid loaders and hydraulic equipment in Canada, $22 million to finance acquisitions and operations. At the time the stock traded at 88 cents. Most of Laurus' loans were convertible into stock at prices of $1.50 a share; the Grins also bought 2 million shares for a penny each and received options to purchase 4 million more for a cent apiece. Helped by a steady stream of press releases, Thomas shares touched $8.99 in January 2005 on light volume.
What was driving the stock? James Patty, former interim chief executive at Thomas and a current board member, says that David Grin was constantly focused on Thomas Equipment's share price, even though the lack of liquidity in the stock meant that Laurus could not sell too many shares without driving down the price. Word came down from David Grin, says Patty, "that he couldn't allow that type of hit to his portfolio." Why? "My assumption would be he was looking at a valuation of the company in order to attract additional money into his fund," Patty says.
Ridiculous, says Eugene Grin. The effect of Thomas' high stock price on Laurus' net asset value "was never material." His valuation model, he claims, discounts severely for the lack of trading volume in a stock like Thomas. A good thing for Laurus: Thomas Equipment's two main units have filed for insolvency in Canada; it was yanked off the American Stock Exchange and now trades for 8 cents.
Eugene Grin says he never shorts a stock. He also insists that Laurus provides a valuable service--and is more like a bank than a hedge fund. "We have tens of thousands of people working because of our investments," he says. "It's a beautiful thing."
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A good article on Naked shorting by Forbes Magazine
http://www.forbes.com/forbes/2007/0212/068_print.html
The presidents State of the Union address last night was great for us. He talked about making ethanol from woodwaste. He also mentioned that he wants to import 20% less gasoline by think it was 2015. He also mentioned that he wants to have five times the amount of buy renewable fuels that we currently have today by that date. This is huge for industry. We have a Congress now that will back us. I think this is going to help us tremendously in raising money for the Hearst ethanol project up in Canada.
Another thing about the naked shorting!
Only 280,000 shares today traded below one penny.
Approximately 22 million shares traded at a penny and above.
And people really question if shorting is going on.
I will reiterate my claims. I personally think this stock will end up in the biggest short squeeze we have or ever will see. They are very rare. But with that said I think this one is poised for a short squeeze explosion. How high is tough to guess. But I'm still predicting multiple dollars. I see it happening between five and $.10 cents.
I really do not think I'm wrong on this one. I've been in the trenches for a long time and have never seen a better opportunity for an investment in my entire life. I continue to buy almost every day.
Even if I am wrong about the shorts, which I definitely do not think I am. I still think the stock will trade in multiple dollars in the next two to five years just on fundamentals alone. Good luck to all longs. This is going to be a fun ride.
Phoenix the Corporation has acquired many companies in the last few months. They must have 18 or so divisions at this point. Each one would have to be audited a minimum of two years just to be current. It is a very tough regulatory environment these days. It is a monumental task to bring all these companies up to date. The following is an interesting story on how tough it is to be a CFO in this day and age.
http://money.cnn.com/2007/01/22/magazines/fortune/CFO_nopain.fortune/index.htm?postversion=200701221...
The company also recognizes that it is harder to acquire companies when your full reporting as opposed to a pink sheeted company. It is my impression after speaking with the company that their goal is to continue to acquire companies if the right opportunities present themselves. While staying on the pink sheeted marketplace it is much easier to do so. When the time is right is when they will go fully reporting, at that time will look to hopefully go on to a better exchange than the over the counter. They've hired a very smart SEC attorney which has helped them move forward in a very positive manner. The management of this company knows exactly what they are doing. They are by far the larger shareholder's and have a controlling interest in the company. They want to see the stock price go up more than anyone, but at this point that is not their primary concern. It's about building a company. If they take care of that aspect of the business, they know the share price will eventually follow.
I cannot seem to post anymore on ragingbull.
I cannot figure out why?
I have been e-mailing them for over a week now and no resonse.
Ragingbull is awfull.
Some jerk over their is a paid basher. Spends all day long posting negative stuff.
His handle is hueyuh1b
Someone please report him so we can get him kicked off
False or Misleading Information
Any information that is taken out of context or altered to change its original meaning.
He has violated this many times.
How do I disavow someone from my Member Forum?
If you determine that a member is being disruptive to your board and/or violating the Terms of Service, you can disavow them. In the "Member Commands" window, type in the name of the member you wish to disavow, select the "Disavow Board Member" option, type in your reason for doing so, and hit "Submit." An e-mail will be sent to that member notifying them of your decision to disavow them. (Note: You must type in a reason for disavowing someone. Your reason will be archived, but will not be included in the e-mail.)
Tell people also to come over here.
Investorshub is a much better board.
Check out this live interview coming up and the 24th with a company called convergence ethanol which will be speaking about cellulosic ethanol. Should be a good interview.
It's 12:30 Eastern time
http://biz.yahoo.com/pz/070119/112126.html
A new longer interview is crying to be coming up on January 24th.
The last interview was cut short because of a timing issue.
This one should be more informative.
By the way the last one is available for downloading currently.
Here's the new link:
http://biz.yahoo.com/pz/070119/112126.html
A second longer half hour interview is going to be taking place with convergence ethanol.
Here's the second link to the interview coming up on the 24th of January.
http://biz.yahoo.com/pz/070119/112126.html
For anyone interested in the benefits of cellulosic ethanol.
My one a watch this half hour interview by the CEO of a company who I think is very bright.
Here's the link
http://biz.yahoo.com/pz/070119/112126.html
Convergence ethanol having a second live interview this Wednesday at 12:30 EST
For anyone interested here is the link and it also will be available for later download
http://biz.yahoo.com/pz/070119/112126.html
I'm currently a shareholder in texcom
I think it is the best bio-diesel investment out there.
With that said: anyone interested in ethanol.
Another interview is going to be put on by mn1.com
interviewing the CEO of convergence ethanol on cellulosic woodwaste conversion.
Podcasts are available for download even if you miss it
http://biz.yahoo.com/pz/070119/112126.html
For those people interested in ethanol
convergence ethanol is going to have a live interview talking about cellulosic ethanol this Wednesday at 12:30 Eastern time
http://biz.yahoo.com/pz/070119/112126.html
Convergence ethanol is having a live interview this Wednesday at 12:30 p.m. Eastern standard Time.
Following is the link
If you miss it replays will be available after it.
http://biz.yahoo.com/pz/070119/112126.html
Jim latty from convergence ethanol is going to be speaking again this Wednesday the 24th at 12:30 p.m. Eastern time
on Mn1.com
Should be about a half hour interview
http://biz.yahoo.com/pz/070119/112126.html
CEO of convergence ethanol is going to be speaking again on January 24, 2007
Check it out replays are available later
should be good
http://biz.yahoo.com/pz/070119/112126.html
Check out this new ethanol company
convergence ethanol
They have a live interview coming up.
http://biz.yahoo.com/pz/070119/112126.html
If we can account for 85% of the float just from people who post on investors hub. Which I feel is probably is an extremely small percentage of shareholders. Then I asked people on this board who has sold and how much. The second question I ask is if you sold, why are you still here.
I laugh at that article that says 85% of cases reviewed are on an upward manipulation, that's because they won't open up any cases on the downward side.
For all people who really want a clear understanding of what naked shorting is you need to watch this slideshow
http://www.businessjive.com/nss/darkside.html
Awesome slide show
Must see
lots of links on naked shorting
http://www.wall-street.com/nakedshorting.html
You are absolutely correct.
The only way they will cover is if there broker who they are floating these FTDs makes them cover. This is a very rare event for very few companies which trade on the bulletin board or pink sheets ever come out of this type of manipulation. It is my understanding the day-to-day activities of Phoenix are irrelevant to the stock price. They are focused on building a business, and growing that business through internal growth as well as acquisitions. Up to this point they seem to have been very successful at this. I expect the future to be bright.
The broker will only ask them to cover if the failure to delivers are causing them to panic. I still predict between five and $.10 is when we wish see the short squeeze. At some point this company is going to have to trade on its fundamentals. They know it, and deep down we all know it.
They must become fully reporting, and continue to grow the business and we will end up coming out of this mess smelling like a rose.
This is the number I got from the company back when they did the buyback. I have no way of knowing if this is the exact amount. I personally do not feel they have lied to me up to this point. I'm not at all happy with the share price, but I'm trying to be logical about this. The company personally bought back a million shares from me at three cents when the stock was a penny and a half. My confidence was much stronger after the checks cleared. If they were scamming us in any way they would not have ever done the buyback or honored it.
The company bought back approximately 42 million shares at three cents. Management owns approximately one third of all outstanding shares. If things are going very well for the company, why would they dilute their equity holdings at these prices after doing a buyback and controlling such a large position. It is clear to me that we have been in the past and currently are being naked shorted. There really is no way to stop it. The only thing the company can do at this point is to perform, which they have so far, and I think will do so in the future. Fully reporting will be a big step in bringing more people into this company as well as get more buying from the current shareholder base. At some point the shorts are not to be able to play their games because the risk will be too high and I personally feel at some point they're going to have to cover. Every day their situation grows more precarious. I personally think they are screwed.
I reiterate my prediction is short covering will probably take place between .05 and $.10 cents. Good luck to all longs.
I know this is very frustrating, but try not to be mad at the company. It is not their fault, and they are working very hard in your behalf. Those who were patient I think are going to be richly rewarded.
Naked shorting
Convergence ethanol is having a half-hour talk on cellulosic ethanol today.
The link should take you there
http://biz.yahoo.com/pz/070116/111887.html
Should be a good talk. It is supposed to be a half hour long and should be informative.
For those interested in ethanol.
At two o'clock today there should be a half-hour live interview on cellulosic ethanol.
Here's the link
http://biz.yahoo.com/pz/070116/111887.html
Convergence ethanol is going to give a half-hour speech on cellulosic ethanol today.
For those who are interested:
here's the link:
http://biz.yahoo.com/pz/070116/111887.html
Supposed to be a live interview with convergence ethanol CEO tomorrow at two o'clock. It is supposed to be a half-hour and will be informative for people interested in ethanol.
http://biz.yahoo.com/pz/070116/111887.html here's the link
I know talking to the company, replays will be available for people who missed it.
CEO of convergence ethanol will be giving a half-hour live interview at two o'clock.
http://biz.yahoo.com/pz/070116/111887.html
Above is the link
It will also be available for replay's for people who missed it.
Being a half-hour, I think it should be informative.
This company is planning to create ethanol from woodwaste.
The CEO has a lot of experience in this area.
Half-hour interview on ethanol presented by Jim Latty CEO of convergence ethanol. Supposed to be a half hour long, and I think it should be informative. It will also be available for replay's.
Below is the link
http://biz.yahoo.com/pz/070116/111887.html
Convergence ethanol is going to have a live interview at two o'clock tomorrow. Below is the link for any parties interested in watching. Even if you happen to miss it, replays will be available. It is supposed to be a half hour long, so it should be informative.
http://biz.yahoo.com/pz/070116/111887.html
A half hour talk on ethanol will take place by CEO of convergence ethanol on January the 17th at two o'clock.
Replays will be available, for anyone who might have missed the talk.
http://biz.yahoo.com/pz/070116/111887.html
Convergence ethanol is having a talk tomorrow at two o'clock.
If you happen to miss it, it will be available for replay.
It is supposed to be a half hour long, and should be informative. Below is the link.
http://biz.yahoo.com/pz/070116/111887.html
Convergence ethanol CEO will speak January 17 at two o'clock.
It will be a half hour long, it should be informative.
If you miss it, it will be available for replay.
http://biz.yahoo.com/pz/070116/111887.html
You do not want to miss this buy renewable energy talk tomorrow.
http://biz.yahoo.com/pz/070116/111887.html
Above is the link, it will be available for downloads if you happen to miss it. It starts at two o'clock
Tomorrow on Mn1.com
CEO of of convergence ethanol will be speaking.
Symbol: CETH
http://biz.yahoo.com/pz/070116/111887.html
This is the link
It will be available for downloads even if you missed it.
You have to watch this.
Tomorrow on Mn1.com
CEO Jim Latty will speak for half hour
Convergence Ethanol, Inc. to Appear On MN1.com
Tuesday January 16, 8:00 am ET
LOS ANGELES, Jan. 16, 2007 (PRIME NEWSWIRE) -- Dr. James Latty, President and CEO of Convergence Ethanol, Inc. (OTC BB:CETH.OB - News), will be featured live on Market News First (http://www.mn1.com) for an exclusive interview with the MN1 news team. The interview is scheduled for Jan. 17, 2007, at 1:00PM CST.
ADVERTISEMENT
About the company:
Convergence Ethanol develops ethanol refineries that will use abundant cellulosic feedstocks, such as woodwaste, to profitably produce biorenewable ethanol and other important products.
The company also provides engineered systems, products and services to the energy industry, all of which enable the production of cleaner-burning fuels and the safe delivery of power. For example, their Intelligent Filtration System (IFS) enables the production of reduced-sulfur diesel fuel.
Join Dr. James Latty to learn more about the goals of the company, as well as its position in the stock market.
About MN1.com
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
The Market News First logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3162
Contact:
Grass Roots Investor Relations
Scott Robbins
(570) 472-2287
wsr2000@ptd.net
MN1 NewsWire
Stephen Sandifer
(214) 461-3418
stephen@MN1.com
You think every shareholder posts on Investorshub.
That you can account for everyone. That is crazy.
Their are aproximately 6000 shareholders on record.
The accounting below lists approximately 60 people add 30 for friends. Just 100 people accounts for almost all the float.
What about ragingbull people. What about the 5900 other people. It is so clear. The short position is huge in this company. It grows every day. I personally think it is over a billion at this point. The lowest estimates I have ever heard was 400 million and that was months ago. Their are very few sellers at these prices. It is almost all buying.
The only real selling is the shorts.
Final Update #6
Ren + Partner 5.6M
Pun Group 17M+
MrDale 500K
yyin 3.3M
stillwet+INDIANA 40-50M
helio group 17M
bag 1.8M
green 4M+
mick 2M
gnulnx 2M
tedwitt group 15M
Jambam group 75-100M
sff 2M
wjg 1M
dlaser+bro 750K
tt 1.8M
TTR+friends 8M
niko 4M+
dcbass 640K
whirl 3.1M
pan 2.185M
mark2 1M
small/cinci 3M
scottHT 6M
iLike 1M
obi 1.5M
real+ma&pa 2.8M
shelby 15M+
dino 10.6M
gunner 1.2M
cerb 4M
ster33 2M
lasvegas+fam 1.7M
elsie 800K
bottom 500K
Teo+friends 3.3M
chilar+friends 15M+
need2retire 500K
precep 1.75M
spirate 470K
willy 1M
Bigfoot 303K
charg+fam 2.3M
ichjw 385K
seeclear+bud 1.1M
deepsea+fam 1.3M
strife+company 30M
coydog 6M+
MrP+friends 12.9M
roach 3.5M
just+friends 2.3M
beer 3M
doubleD 1M
aces+friend 2.5M
sideem 1.29M
jilleo+friends 3.2M
Assume Cowboy, Shiz and fmi81 25-30M
PR firm Osprey 15M
Total 391-431M (total float is 489M, 60% of 815M OS)
Restricted shares (40% of 815M OS) of 325M owned by PA, CA, RB, ProGas, Capital Growth Resources and Sams Oil.
If these numbers are accurate, I-hub shareholders control almost the entire float. If all of us are long on PBLS, this stock will eventually spike exponentially due to lack of tradable shares. Good luck fellow LONGS !