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LORTAP MACS, Self-proclaimed experts are incapable...
...of learning anything new, because they already "know it all". LOL
Of course. you know what an "expert" is...
An EXPERT is a person who knows more and more about less and less until eventually they KNOW EVERYTHING ABOUT NOTHING.
Good Luck.
Jeff
Where's my dividend? Ameritrade responds...
I sent my broker an enquiry email, and this is what I got back today:
Mr. Shaw,
According to the information we received from the company the dividend scheduled to be paid on 6/16/2006 is a stock dividend. Shareholders are to receive restricted shares of Instacare Corp. At this time we have not received the restricted shares. Once we receive the shares we will post them accordingly.
Debra A.
Apex Reorganization and Safekeeping, TD AMERITRADE
Division of TD AMERITRADE, Inc.
If you haven't covered YOUR short position by now...
...you are about to get hosed, Big Time.
And bye the way, any Dividend is a Good Thing!
Here comes the pain again.
Filed on 4/27/06, an SB-2 for 752,674,418 new shares
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4120275&doc=1&total=&back=2&...
OUCH!
The "fire in the boiler has gone out" for this stock.
Obviously, this company was heavily dependent on the sale of shares to make headway in the business, or maybe even stay alive. They never fully explained why so we'll probably never know the reason but we can definately see the ruination in the trading pattern.
The management made a short-term tradeoff and, in my opinion, a very bad choice. They diluted the share structure by over 130% (so far) and thereby LOST the good will of the community of long-term investors, probably forever. They gutted this stock as an investment vehicle. Now it's just for traders.
If your question is about a potential move on TA? Yeah sure, it could move up aways. But I don't believe it will ever go very far. What I believe is that the company now realizes that shares just are something else they can sell, along with oil if they can ever get any out of these half-dead soon-to-be-dry wells.
The management has dictated the pattern here. In my opinion, this thing is going to march straight up to one billion shares outstanding, and then R/S. This is now a paper mill and a corporate orchestrated pump and dump scheme. It will never be anything more than it has now become.
I look back over all of those glowing PRs from back in Jan and Feb and all I can do is really hate this stock, because I don't like the way management has conned me out of my money.
What an incredible waste of time and money!
frankie_fillet. I'm in the same boat as you.
It's all up to Bonar now.
I watched this all day and the spread was .0007 Bid and .0009 Ask, not enough to really trade thru. The MMs must have had a buyer on the hook so they were willing to buy at .0008
A while back I was very lucky to sell some at .0011 and have bought a lot at .0006
But it seems like it has tighened up severly since then. So I'm just hunkered down waiting for something to propel this.
Meanwhile, the MMs play their little games like today.
frankie_fillet, nobody killed the momo because there is none.
8.7 million shares traded against a billion outstanding isn't exactly a dump.
The stock is clearly range bound. The MMs keep the spread so tight it isn't even possible to flip this anymore.
I figure folks are just rotating out of this to buy something more interesting and make some money. Therefore, it is just old investors averaging down or leaving and some new investors buying in. I would call that normal rotation, not dumping.
It will probably go on like this until Bonar decides to release the financials. If ever...
Good Luck.
I'm having real difficulty understanding how Avian Flu is the right play or market thrust for AIDO.
Avian Flu is spread exclusively by wild birds that you can't tag and you can't control.
Yes, you can tag every domestic chicken or turkey, etc. but that doesn't stop Avian Flu. These type of domestic birds don't really live long enough to make it economically cost effective. I doubt that you can tag them as chicks; they have to be adult birds. And tagging might give a false sense of security and create even more of a problem in the long run.
I've been thru more than a few chicken farms and mostly they are locked up tighter than a drum. Bird illnesses have been around for hundreds of years, if not thousands. The solution is to just lock up the domestic birds and not allow free ranging birds. Isolation is the only way to stop the progress of the Avian Flu.
In Taiwan and Indonesia and all over asia, most rural families have a few birds. They are everywhere. You can't possibly expect to tag ALL of these birds in any reasonable time frame. And even if they did it doesn't STOP the Avian Flu. The real solution is to just lock the domestic birds into coops. Very simple non-technical solution.
I think this hype over the Avian Flu is really getting out-of-control. I am beginning to suspect that these, so called, deals are really some sort of Trojan Horse and not really feasable. They are being fed by the mania and fear that is running rampant. It may disapate very quickly.
I would suggest that the AIDO investors, that's YOU and me, step back and consider this for a moment. I believe that the real "meat on the table" is still with the Mad Cow problem, the Elk herds, domestic cats and dogs, AND of course, Goodyear Racing Tires. There are other markets that haven't been exploited, like wool sheep that live 20 years, etc.
RFID tags are really used for inventory control. They are really not a defense whatsoever against Avian Flu and are IMO inappropriate for tagging birds in the current AF outbreak. But if the Taiwanesse and Indonesians are so scared as to want AIDO RFID tags, then for sure we should sell them tags. But this is NOT going to get very far and NOT going to be long lasting. It is just a stupid use of the tech. Therefore AIDO will NOT grow and florish on this business. In fact, it could backfire and bring about bad publicity.
We really ought to be focusing on what implementations are practical. And what AIDO has achieved so far. I am all in favor of AIDO making money, but I am just skeptical that the Avian Flu is the right business to pursue.
Of course, this is all just my opinion as a longterm shareholder and technologist...
Theoretically, that's possible, but...
...you are talking about Naked Shorting. That's illegal.
According to the rules, they would have to borrow the shares to sell short, in order to get the PPS down prior to the CD conversion. There just aren't enough free trading shares available to do that. There is no way they can get the PPS anywhere near the price you mentioned, assuming they do it legally.
The days of rampant Naked Shorting are rapidly coming to an end, due to recent actions of the SEC and new disclosure rules from the NASD, not to mention a flurry of shareholder law suits filed against certain CD sellers. Perhaps you haven't noticed. Go Google the Refco collapse and bankruptcy and checkout their $10 BILLION naked short position; the stock scandle of the century, even bigger than Enron.
But since you want to bring up hypothetical worst case scenarios, here's one for you.
There is an Earth-orbit crossing asteroid on its way here now. IF it should strike the Earth it will wipe out all life within two weeks. So I doubt there will be any more CD conversions.
Get it?
staticline82, When you post links to StockChart.com...
...you need to stop using that generic link as it doesn't work correctly. It only works based on cookies stored on your machine.
Look just below the chart where it says "Linkable Version" and click on that, then cut&paste.
You mentioned that they changed things around and that you were having problems, so I'm just trying to help.
Carry on, Dude...
sukycospito, My understanding of RFID is that it reads out a static serial number for IDentification purposes. That's where the ID part of RFID comes from.
So how can RFID be used for reading residential gas meters, etc.?
Meter Reading is an entirely different application from RFID. Yes, it's wireless, but not RFID. RFID is a "passive" wireless as there is no active transmittter to "broadcast" the gas quantity value. In fact, remote meter reading has been used for at least a decade in factory automation.
And you can't read tire pressure either. Poster are getting carried away with RFID and applying the term to a wide variety of wireless sensor application. Somewhat amusing but totally misleading.
Whoever wrote the blog you mentioned has not done their homework.
This article says that Goodyear started exploring RFID back in 1984 and tested RFID tags in their tires at a Craftman Truck Series Race at Homestead-Miami Speedway back in Nov. 2005
http://informationweek.com/hardware/showArticle.jhtml?articleID=174401417
Drex, No need to hedge or backpeddle here.
I only related to you what I saw. This evening I watched it again 5 times. It was in the very first lap and the announcer said the cars were not yet up to speed. Later in the race they were hitting about 187. Daytona is a 2.5 mile oval and they weren't all the way around yet. Car #66 that had the problem peeled off and went directly into the pits, so it only went about 1.75 miles on the failing tire.
Therefore, I ASSUMED the tire was defective, since it had less than 2.5 mile on it and had not yet been run at full speed. Furthermore, Nascar probably didn't know the tire was defective, right? Nor did the driver, the crew chief, or the 150,000 fans in the seats, or the 6.5 million TV viewers. It was like a SUPRISE! Get it?
I'm not a race car driver, nor an expert on tires, but a tread seperating at any speed is NOT a normal function for a tire, let alone a tire that costs $2500. Therefore, I would conclude it was defective. But what the hell do I know?
You figure it out. You say it wasn't defective? Fine.
Drex, I just watched the Daytona 500 again.
The tire seperation event I spoke of happened in lap #1 as the field was approaching the starting line. Jeff Green, car #66, was in the middle of the field when the tread completely came off of the left rear tire. He immediately dropped down and entered the pit lane as the race went to yellow.
The announcer then said there had been "tire issues" all week long during practice.
There was no accident, no bent fender, etc. In my opinion, it was a defective tire. End of story.
You should know better than to argue with a Nascar fan who is watching the replay.
S.A.G.F.U.S
Drex, I am getting the impression that you either didn't watch the race or at least, didn't see the event that I mentioned.
I assure you there were NO ACCIDENTS or shunts prior to the tread coming off. So I guess the pit crew must have put a faulty fender on that sliced the fender. Is that what you are suggesting?
OK, have it your way. I just made a simple comment about a tire issue that happened at the very START of the Daytone 500.
It was NOT an invitation to you to start an argument.
You weren't there (I assume) so how do YOU know it wasn't a defective tire. THE TREAD CAME OFF!!!!
Drex, They never showed the tire so I have no way of knowing if it was flat or blown or whatever.
They only showed the intact seperated tread running down the track without the car attached. And they had it on camera for at least 10 seconds.
I would be suprised if they ran over something or had a fender banged on the 1st or 2nd lap. Unless they hit a spectator. More likely, it was a defective tire.
I supose we could check the race summary and figure out who/what/where but I'm not particularly interested at this point. Just focused on next weeknd's race now.
And of course, I am definately looking forward to Tuesday's Market Open for AIDO.
Go AIDO!!!
huggums, For posting charts on I-Hub...
Do some reading here:
http://www.investorshub.com/boards/faqh2post.asp
Have you been blocked from posting on RagingBull?
Perhaps I can help, as it has happened to me a number of times, so I have found a good and easy workaround.
If you are using Internet Explorer you need to intercept and kill off two session cookies: m_DDT and DDT2, both are case sensitive.
I would suggest you acquire a copy of some type of Cookie Manager Utility. I have found CookieCrusher works best. You just start it before you start your browser, and it goes into your system tray. It pops up on every attempt to download a new cookie and asks you what to do with it: accept or reject.
Start a browser session and log onto your account at RagingBull. Just ACCEPT all of the individual cookies until you see the two I mentioned. Permanently Reject those two and accept all of the others. At some point, RB will stop downloading more cookies and you can then post as much as you like. Occassionaly there will be more as the site advertising banner changes.
CookieCrusher asserts control over EVERY browser session that you start by configuring itself as a PROXY that sits between your IE browser and the Internet. For other surfing activities it gets in the way. Go to Tools->Internet Options->Connections->LAN Settings, and uncheck the box at the bottom that says "Use a proxy server...". This will turnoff CookieCrusher for all other instances of Internet Explorer.
You are now, good to go, for doing whatever you do on RB. Just DON'T kill THAT one browser session setup for RB.
Unfortunately, this procedure will not work for FireFox as cookies are stored in a single file. However, there may be another procedure or utility that works for FireFox.
There are TWO other way that RagingBull mucks with their users to deny them posting access. They track on your IP address that is assigned to you by your ISP. Just get a new IP address by resetting your modem, or whatever. The other way is that they physically cripple the account, and you can tell when that happens as all of your posts disappear. I haven't found anyway to get around that other than just get another alias.
Since 1999 I have had about 10 alias, so I now order them up in advance in 6-packs. LOL. But lately the method I described has worked perfectly.
Good Luck.
I watched the Daytona 500 in its entireity.
I noticed in the 1st or 2nd lap, a car near the end of the field completely lost the tread off a tire. The tire didn't blow but and the tread came off in one piece and rolled down the track like a big rubberband.
Not a very good endorsement for Goodyear. I think they should definately be looking for THAT batch of tires.
Will this new deal with Goodyear...
...help protect us from Mad Tire Disease?
Pentagon's Intelligence Authority Widens
Fact Sheet Details Secretive Agency's Growth From Focus on Policy to Counterterrorism
By Walter Pincus
Washington Post Staff Writer
Monday, December 19, 2005; Page A10
The Pentagon's newest counterterrorism agency, charged with protecting military facilities and personnel wherever they are, is carrying out intelligence collection, analysis and operations within the United States and abroad, according to a Pentagon fact sheet on the Counterintelligence Field Activity, or CIFA, provided to The Washington Post.
CIFA is a three-year-old agency whose size and budget remain secret. It has grown from an agency that coordinated policy and oversaw the counterintelligence activities of units within the military services and Pentagon agencies to an analytic and operational organization with nine directorates and ever-widening authority.
Its Directorate of Field Activities (DX) "assists in preserving the most critical defense assets, disrupting adversaries and helping control the intelligence domain," the fact sheet said. Those roles can range from running roving patrols around military bases and facilities to surveillance of potentially threatening people or organizations inside the United States. The DX also provides "on-site, real time . . . support in hostile areas worldwide to protect both U.S. and host nation personnel from a variety of threats," the fact sheet said.
This is just one illustration of the growth of Pentagon activities in the United States and abroad as part of the terrorism fight. Last week, news accounts revealed that President Bush authorized secret eavesdropping on Americans with suspected ties to terrorist groups.
Another CIFA directorate, the Counterintelligence and Law Enforcement Center, "identifies and assesses threats" to Defense personnel, operations and infrastructure from "insider threats, foreign intelligence services, terrorists, and other clandestine or covert entities," according to the Pentagon.
CIFA manages the Pentagon database that includes Talon reports, consisting of raw, unverified information picked up by the military services on suspicious activities that could involve terrorist threats. The Pentagon acknowledged last week that the Talon database contained reports on peaceful civilian protests and demonstrations that should have been purged long ago under Defense Department regulations.
A third CIFA directorate, Behavioral Sciences, "has 20 psychologists and a multimillion-dollar budget," and supports both "offensive and defensive counterintelligence efforts," according to a government biography of its director, S. Scott Shumate. Shumate was the chief operational psychologist for the CIA's counterterrorism center until 2003. His group has also provided a "team of renowned forensic psychologists [who] are engaged in risk assessments of the Guantanamo Bay detainees," according to his biography.
A Pentagon official said none of Shumate's team members questions detainees as part of helping produce threat reports, though they may relay questions to the interrogators.
A former senior Pentagon intelligence official, familiar with CIFA, said yesterday, "They started with force protection from terrorists, but when you go down that road, you soon are into everything . . . where terrorists get their money, who they see, who they deal with."
He added, noting that there had been no congressional oversight of CIFA, that the Defense Department is "too big, too rich an organization and should not be left unfettered. They rush in where there is a vacuum."
A former senior counterterrorism official, also familiar with CIFA, said, "What you are seeing is the militarization of counterterrorism."
CIFA's authority is still growing. In a new move to centralize all counterterrorism intelligence collection inside the United States, the Defense Department this month gave CIFA authority to task domestic investigations and operations by the counterintelligence units of the military services.
The tasking authority allows CIFA to assign Defense counterintelligence organizations "to execute a specific mission or conduct a function falling within that organization's charter," according to a Dec. 1 memo signed by Robert W. Rogalski, acting deputy undersecretary of Defense for counterintelligence and security, that was provided to The Post.
CIFA's new authority will give the agency the ability to propose missions to Army, Navy and Air Force units, which combined have about 4,000 trained active, reserve and civilian investigators in the United States and abroad. For example, the Air Force Office of Special Investigations (AFOSI) has 1,935 "federally credentialed special agents," according to its Web site. The military service agents investigate crime and terrorism.
By comparison, the FBI recently disclosed it has about 11,000 special agents overall, about 4,929 of whom are assigned to terrorism investigation. Of those, the FBI has 103 assigned to its Joint Terrorism Task Force. The Navy Criminal Investigation Service has reported that it has 34 of its operational people assigned to joint terrorism units.
The Air Force OSI special agents work on felony crimes and drug use, but threat detection has increasingly become a focus. "AFOSI manages offensive and defensive activities to detect, counter and destroy the effectiveness of hostile intelligence services and terrorist groups that target the Air Force," according to an official service Web site.
Anti-terrorism teams have been created "to meet the increasing challenges presented by worldwide terrorism," the service said. These groups "provide anti-terrorism, counterterrorism information collections and investigative services to Air Force personnel and units."
Hey Chucker!
Thanks for the positive feedback!
Most appreciated.
I am still holding all of my original shares of CDED and have actually quadrupled my position following the transition to INCA. I even bought some more near the most recent low.
Of all of the small cap stocks I own I believe that this one has the best chance of success. I was fortunate to get in on NEOM early on and eventually sold for a 3,300% profit. I believe that InstaCare has at least as much potential, maybe even more.
Nice to hear from you again.
JS
You're the moderator of this forum?
Sorry if I sound rude, but it looks like your new position is going to your head. You need to stop taking yourself so seriously. IMO you are supposed to help direct the activity; not criticise or score it. It is a subtle distinction, but very imporant.
IMO It is not very nice of you to refer to the posts of other folks as "lame noise" or "littering the board". If this is truely your opinion, these phrases are best not put into print. That is, if you want to stimulate a thought provoking dialogue and be a leader. You need to be a lot more accepting.
On the other hand, if you are trying to set yourself apart and above everyone else here, then I think you've just accomplished that. I sure hope that is not your intention.
You say you are young, so I suppose that is a partial explanation. Let's call it the exhuburance of youth. You young guys want everything to happen exactly as you forsee it; on your timetable, etc. That is not exactly practical when dealing with a cross section of humanity as we have here. I would like to think that, since we're all longs (or wanna be), then we are basicly all on the same team. So I would suggest we strive toward "team think". In that regard, all opinions are valid and everyone has something to contribute.
My Dad once told me something, and I didn't understand it until years after he died. But now I know it's true:
"Youth is wasted on the young."
PS: I'm 61
fanofchopin
Don't you mean "delusional" illiterate?
SP's "delusion of grandure" is really starting to get me down.
He is definantly beginning to show some cracks around the edges (mental/emotional problems).
It it weren't for his BS, the PPS would probably be at .25 by now.
A real piece of work, he is.
huggums, My only real concern is about SP's agenda. He has a major conflict of interest, being a shareholder (if true) and trying to manipulate the company to get the concession he wants for marketing from his web site. He seems confused and is acting like a "loose cannon" and it looks like he is playing this for his own gain all the way. He is actively interfering with the company's ability to conduct business.
I am not concerned about the company or the principals and insiders. It all seems very solid for a small startup. And the product looks like a real breakthru, although I'm not in position to know one way or the other.
I have a fair amount of money at stake here as do my friends. This is a very nervous situation and we are all monitoring it closely. I am just hoping that SP will backoff before he ruins this in one way or another before the product gets to market. Once the product gets established I think that everything will work out OK. The next 6 weeks are critical, in my opinion.
Best of Luck to you.
That RagingBull poster who seeks to dominate the EGLF forum is not doing the shareholders any favors.
He is posting using multiple alias, and has even admitted it online in at least 3 posts. How can anyone believe anything he posts?
When confronted, he posted some BS excuse about being out of town and having failed to log off of his home computer, and that is why he had to get a new alias. What a load that is...
Furthermore, he was continuously spamming his own commercial web site, setup exclusively to sell E21's products. When they wouldn't give him the exclusive rights to all internet sales, he immediately "changed his spots" and became the forums biggest basher.
He has actually floated the idea that the investors should band together to unseat the CEO by coup d'etat or some other such nonsense. His action is nothing more that a good ole fashion "vendetta". I don't believe I have ever seen anyone attempt something like this on a public stock forum. I am not a lawyer but this sure looks like a blatant attempt to manipulate the price of the stock downward. I guess that would be a felony in terms of SEC rules, if only it could be proven. At this point I have doubts that he owns even one share of Element 21 stock.
In the last month, I convinced 3 of my closest friends into taking positions in this stock, and happily we are all into profits. Now my friends are getting nervous, based purely on that idiot's posts. If they decide to bail the PPS will most likely drop by a penny or more, undoing all recent gains. All four of us have issued RB TOS reports on this poster, for multiple alias and spamming. So far, nothing has happened and he continues to pursue his personal vendetta. If this situation continues much longer, then all longs will have a great opportunity to average down. Not that they should with this idiot dominating the forum.
Obviously, RagingBull is not going to enforce its own rules. I hope this situation does not persist much longer, because if it does this stock will be ruined as an investment. However, I am sure the clubs will be an outstanding success.
Of course, this is all just my observation and opinion...
archinla, That's a very interesting concept.
But if you check out the picture in the article, the handler is holding the scanner about 3 inches from the cow's eye. I doubt that would work well in a high-volume situation, like a food processing plant, etc.
I don't think this concept will compete directly with RFID chips that can be scanned from 3+ feet away. Plus retinal scans are not going to work well on blind or dead cows.
However, I do see a good use for it when cows start flying on airlines and have to navigate airport security.
But Thanks for posting that article link, anyway.
beano1949, That's a really great idea.
I wonder if the airlines will get to keep the money after the "Bomb-Sensing Ticket Machine" invalidates the ticket. I bet they will, because the purchaser will be jail bound, as least long enough to miss the flight. Too bad for the customer.
I know that the airlines have been looking for a way to become profitable for quite a long time, and this sounds like they've finally found it.
The airlines routinely overbook flights by about 40%, knowing that some won't show up due to change of schedule, missed connections, etc. Now they can overbook 4000% and count on the "Machine" throwing most of the people off of the flight.
Of course, this is probably going to increase the number of law suits, due to false positives. But I'm sure they have already taken that into account. And I'm equally sure that the government will indemnify them from civil prosecution, in the interests of safety and National Security.
As I said, Great Idea!
The company has pre-announced revenue and everything else except the bottom-line profit.
So wouldn't the upside already be priced into the stock?
I'm wondering if the report soon to be published will bring on another wave insider selling.
A another rippedoff/disgruntled investor...
...is focusing his attention on the snake that bit him.
A SCAM specific web site, very nice looking:
"Gateway Distributors Ltd or 5 steps to detect/avoid stock scams"
http://www.geocities.com/p2saup33/index.html
I think we are going to see more of these "reverse-DD" sites in the future.
IDGC - Indiginet - 1:250 R/S can come any day now
vote passed on January 20, 2005...
Keeps on going down for good reason....
This price will look great after the next R/S.
INDIGINET INC/FL DEF 14C 1/10/2005
Grant discretionary authority to our board of directors to implement a reverse split of our common stock on the basis of one post-consolidation share for up to each 250 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;
IT JUST NEVER ENDS
==================
IDGC - Indiginet Inc. Split History
Symbol Split Ratio Date
IDGN 1:1000 R/S 12/01/2004
IDGE 1:250 R/S 08/16/2004
IGTT 1:250 R/S 08/13/2003
Photos from Radix Marine, Jan06, 2005
http://www.villagephotos.com/pubbrowse.asp?folder_id=1170708
This link was copied from RB.
JRVC again??? Unbelievable...
Copied from RagingBull because this tells it like it is....
===============================================================
By: sparty-1
24 Dec 2004, 02:23 PM EST
Msg. 12233 of 12234
JVRC bounce expected on Monday Dec. 27
I think they refer to it as a dead cat bounce.
On 8-2-2004 the company increased their Authorized Share count to 1,980,000,000
On 8-16-2004 the company issued an S-8 for 199,000,000 shares and …………………………..
On 10-5-2004 the company issued an S-8 for 499,000,000 shares and …………………………..
On 11-19-2004 the company announced a reverse split of 1000-1, effective Monday, 11/22/2004 and .........
On 12-23-2004 the company issued an S-8 for 995,000,000 shares.
Stock is now selling at a pre split price of .0000014
Merry Christmas shareholders from Dennis & Maureen
===============================================================
We need to keep getting the word out on these slim bag stock fraudsters. Otherwise the OTCBB is going to end up just a sewer for scam stocks.
JRVC again??? Unbelievable...
Copied from RagingBull because this tells it like it is....
===============================================================
By: sparty-1
24 Dec 2004, 02:23 PM EST
Msg. 12233 of 12234
Jump to msg. #
JVRC bounce expected on Monday Dec. 27
I think they refer to it as a dead cat bounce.
On 8-2-2004 the company increased their Authorized Share count to 1,980,000,000
On 8-16-2004 the company issued an S-8 for 199,000,000 shares and …………………………..
On 10-5-2004 the company issued an S-8 for 499,000,000 shares and …………………………..
On 11-19-2004 the company announced a reverse split of 1000-1, effective Monday, 11/22/2004 and .........
On 12-23-2004 the company issued an S-8 for 995,000,000 shares.
Stock is now selling at a pre split price of .0000014
Merry Christmas shareholders from Dennis & Maureen
===============================================================
We need to keep getting the word out on these slim bag stock fraudsters. Otherwise the OTCBB is going to end up just a sewer for scam stocks.
Thanks for such a great new forum.
In the last two weeks this has become one of my favorites.
I can see that you are falling behind in updating the front page. Certainly NOT suprising given the torrent of new R/S that are being announced lately.
So to inspire you to catchup, I would like to offer one of my favorite quotes, from Alice In Wonderland:
"If you run as fast as you can you will just stay in one spot. If you want to get anywhere at all you will have to run at least twice as fast as that."
The Red Queen.
Really strange to contemplate that...
...the entire population of tigers might eventually be wiped out by...
CHICKENS!
JRVR shareholders on RB feeling the pain...
...of a 1 for 1000 R/S this AM. Now JRVC.
new symbol....
J-just
R-royally
V-visciously
C-cut my nuts off
Apparently a number of people simply didn't know this was going to happen. OUCH!
You might not agree, but...
...from my observations and interactions with certain strident posters on RagingBull, I am now of the concerted opinion that a sizeable SHORT position exists on CDED. Too bad, because the Shorties are about to get their heads handed to them.
On a slightly different, but related issue, I copied the following post from RB about the shorting issue:
----------------------------------------------------
OT: STOCKGATE TODAY – November 18, 2004
An online newspaper reporting the issues of Securities Fraud
SHO - True Reform or Window Dressing?
Dave Patch
We are on the eve of the Securities Industries Associations (SIA) symposium on Regulation SHO. The SIA claims that this regulation contains the most sweeping reforms pertaining to short sales in over 60 years. The SEC claims SHO will address the 20 year old industry problem of naked shorting. Will it truly resolve the problems or is it simply being nothing more than window dressing? A façade to passivate those abused.
For a mere $295.00 I was able to sign up for the symposium to hear first hand what was to be said with regards to the naked shorting problem. I want to hear what the SEC has to say with regards to the mandatory close-out of settlement failures on trades executed in threshold securities. I use the phrase “Mandatory” because that is the phrase the SEC used as it addressed members of Congress representing constituent concerns regarding naked shorting.
For the record Mandatory according to Webster’s Dictionary means:
1 : containing or constituting a command : OBLIGATORY
I got my first taste of what I can expect from the symposium and it came via e-mail as I was presented with a copy of tomorrows presentation. I almost gagged.
In the heading of “Close-Out Requirements for Threshold Securities” the SIA has this to say:
Buy-In Execution:
* Outstanding Question to SEC to confirm industry’s understanding that the execution of a buy-in fulfills the requirement as the trade date of the buy-in even though impact on a broker’s CNS delivery requirement will not be seen until the settlement date of the buy-in.”
* If this is not the case, effectively the buy-in execution date will be moved up to SD+7.
The undertone of this is simple. Initiating a buy-in fulfills the member’s obligation. Unfortunately this obligation has always been in our Securities Laws and has not worked. The problem is further exacerbated in the follow-up.
If buy-in cannot be executed, a pre-borrow, not a locate, is required for a short sale in that security being executed
* Process to allocate pre-borrow requirement to specific accounts if possible.
* Otherwise, the broker/dealer is prohibited from executing any short sales for itself or any of it’s customers without a preborrow.
* Stopping short sale trades that require a preborrow requires brokers to develop complex new technology linking information on fails back to execution and order systems.
What I don’t get is, if there is a mandatory close-out, and OBLIGATION, how can a buy-in not be executed? There is only one way. The price being reflected on the sell side (offer) is not being supported by shares that can meet delivery. The buyer is unwilling to raise the bid to seek out shares that can be delivered at possibly a higher offer level. This is the failed buy-in for financial reasons that the NASD alluded to when they presented their reform to the SEC in March of 2004; presently rejected by the SEC. The buyer does not want to find legit shares and the members of the industry are putting in offers that are not representative of certified shareholders willing to sell (i.e. Fraud).
I took the opportunity to call the SEC today and initiate questions on this issue prior to the SIA meeting tomorrow. I was informed by a staff member of the SEC’s Division of Market Regulation that this was not an accurate assessment and that Asst. Director of Market Regulation James Brigagliano will address the issue with the members tomorrow. I was told to wait and to listen.
I am waiting with guarded optimism that the SEC will address this issue clearly and identify that Mandatory does not allow for indefinite Buy-In failures. It is this timeframe of “indefinite” that has allowed naked shorting and settlement failures to rob Investors for better than 20 years and without a specificity of time in tomorrows speech it will be as ambiguous as many Securities Laws we have today. Vagueness creates rationalization for future fraudulent acts.
The SEC is making claims of resolving the naked shorting issue and has created a new class of Securities called “threshold securities” in that resolution. Buy-Ins has always been a standard part of the Industry practices and has failed because they can be ignored for financial reasons. To allow this same venue to be used with mere window dressing, without timelines and urgencies imposed, would be an insult to all who have lost and continue to lose due to this fraud.
The SEC informed Congress that settlement failures in threshold securities would have “Mandatory Close-Outs”. Will the SEC redefine mandatory to protect the Industry members or will they finally address it in a way that protects the Investors? The symposium tomorrow will better define the SEC’s position and could make for some contentious moments from the investor side of the street or the industries leaving the SEC caught in the middle.
The SEC’s mission statement is for investor protection and fair market practices!
To see this section of the presentation log on to www.investigatethesec.com, go to the media links page and click on the SIA Regulation SHO Symposium. (click here for presentation)
For more on this issue please visit the Host site at www.investigatethesec.com .
Link to Conference Call transcript.
http://www.caredecision.net/11162004ConferenceCallTranscript.pdf
I suggest all Longs should read this thru at least once.
A.F.R.D = A Friggin Rolling Disaster