funmaxus, just post the info. We need SOMETHING to talk about! lol

I have access but I don't see Feb results.

Did you also read #11902?

That was my hunch...no facts...just a hunch. Thanks for the DD. That is significant information.

I thought it was $10,000 minimum, not $100,000 for STP1?

For what it's worth....

http://www.pinksheets.com/pink/marketactivity/short_interest.jsp

"Issuers of OTC securities quoted on the Pink Quote system have no duty to provide any information to investors."

IMO, It may be hard (costly) to make a case without substantial proof of intent to fraud.

.....I invest in Pinksheets in lieu of going to Vegas. lol

It is strange. On FEB 11th, I had an asterisk next to OFON and then, the following day, the change occurred.

Mine was updated on FEB 11th

"...if I would live in the states I would beat the door of the SEC until they treat these guys like they deserve it....."

http://www.sec.gov/complaint.shtml

I believe the settlement period for securities is 3 days from the date of the transaction. If this does involve a Failure to Deliver, this will be a new experience for me. Pinkies don't fall under REG SHO but this is what I found. I'm not saying that this is/has happened, so take it as an educational tidbit. lol I believe Pinksheets.com has a "Threshold List"....somewhere.

"FINRA Rule 3210 defines threshold securities as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has:

aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; and
a reported last sale during normal market hours (9:30 a.m. to 4 p.m., ET) for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more."

I guess that makes at least two of us who don't know...or do you have an answer? Also, following your logic, why would they not just have extended the holding period if they wanted to buy more time? I, for one, felt that 90 days was too long.

"The deadline for accepting the offer and delivery of physical certificates to the Transfer Agent has been extended to close of business, December 31, 2008."

http://www.141capital.com/index.php/press/35-press/68-141-capital-inc-extends-deadline-for-shareholders-to-turn-in-common-stock-to-participate-in-preferred-stock-exchange

He put you on IGNORE.

Nope, that's the info we're all waiting for.....hopefully, in the near term. The conversion and split haven't been sorted out by all the different brokerages yet.

If you're talking CS. Mine were updated on Tuesday. Can't be a 141 thing, gotta be the brokerages.

I use USAA and my CS was converted on Tuesday. I would think USAA would be one of the last since they are not as (relatively) large as others.

The same logic had crossed my mind as well. My post-split shares did not post until midday.

Welcome back allie. Good too see you again.

Commonsense would tell you that you don't invest in a Pinksheet stock based solely on past performance. If past performance were "truly" relevant, why are they still a Pinksheet? You invest/trade here purely on speculation. If not, you're a motley fool. Believe me, I can dig into the financial with the best of them. Financials....Pinksheets...it doesn't really equate, does it? That's what I love about YOU guys. Don't try to control chaos! lmao

So you are assuming only one source of revenue?

The way I understand it is that short term gains (less than 1 year) are taxed at your regular tax rate. Long term gains (over 1 year) are taxed at 15% for most tax brackets.

My broker is finally showing my post-split share count.

Sure you have....lol


Posted by: nukuhiva Date: Monday, February 09, 2009 1:22:37 PM
In reply to: None Post # of 10757

Just called the Company confirmation of 11.61 % return In Jan
Press release Tomorrow or Wednesday at the latest
Website will be updated today or tomorrow with results .

actually the person was surprised that Barclay was already showing the result ,so they are not reading this board ! which is good news to me ...!

I do agree, Trader. It is the little things that can (and do) make a difference. On the otherhand, I'm guessing they propably have a micro staff at the moment. Not an excuse, just the reality of it.

Not really,lol. I'll have to hold my cards close on this one. This has actually been a hot topic of late. Do a search for "CTA margin to equity ratio" and you'll see what I mean.

I'm definetly no expert either but I am pretty good with financial computations. I'm guessing the amount we've seen above the initial 10k is the marginal $. From what I understand, it can be good or bad. The margin-to-equity can act as an accelerant in either direction.

I agree...it didn't hurt to ask though. lol

So they/you know the share structure?

Yeah, I emailed them about that earlier. ;)

"141 Capital intends to generate revenues from the pool through a contractual relationship with STP1 including incentive fees of 25% of any new profits."

As per your example: 2000(.25)(12)=$6000

That would buy a lot of coffee....the good Irish kind.....if that were the case.

"The current income hardly pays the coffee!"

Margin-equity ratio is a term used by speculators, representing the amount of their trading capital that is being held as margin at any particular time. The low margin requirements of futures results in substantial leverage of the investment. However, the exchanges require a minimum amount that varies depending on the contract and the trader. The broker may set the requirement higher, but may not set it lower. A trader, of course, can set it above that, if he doesn't want to be subject to margin calls.

http://en.wikipedia.org/wiki/Futures_contract

Quite possible, Trader. You would think that a prudent manager would have a cash reserve from the previous dilution. I'm interested to see what their Operating Costs actually are.

I would think that this is, solely, a customer-based pool. Each customer has to have a minimum $10k to invest. Would you invest $10k without seeing an established track record? IMO, they will need to provide a series of positive results before gaining positive revenue traction.

Review the PRs though. They stated they had 1 customer (10k) and also stated that they anticipated to be able to pay fixed expenses during the first quarter. I would think that they might trade their own $ in a seperate account.....maybe?

Of course....he missed us.

So I'm guessing you converted to PS. lol

I think the pre R/S OS was higher.

I picked up a few more at .01 yesterday....what the heck, right? lol

I was able to trade yesterday, as well. Although, my account still shows a pre-split balance on my CS