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Heels, It is not too late for everyone to send Ed & Carol belated Christmas presents, to show our concerns, of course. Might I suggest; Soap On A Rope. Might be needed after July, hopefully.
Fotog, consider yourself lucky, in a way. I have about $25 worth in my acct now (5200 shares left). My other thorn on the chair seat is, this was my second stock in the same month to drop like that. The other did a 100,000/1 R/S on 17 million shares, and can't be sold at the current price even if I want to sell. I don't believe it feels any nicer than LTDU does.
Everyone says that is the way it is in pinkie land, but, believe me, you can have much bigger losses on the big boards. All one of those stocks needs is a FED investigation rumor, and they drop like a rock.
GLTY LC
Heels, I agree. They need long term license plate manufacturing experience.
I still harbor a hope that someone else will take over the company, execute a real business plan, and might just get us some of our investment back over the next few years. I know it's an unreasonable dream, but color me a dreamer. The alternate is about $170 after sales fees.
Good job on the ibox.
Heels, Happy New Year to you, and to all the posters on here.
There is an erroneous concept held in the average lay person's mind that there actually exists a "Business Ethics" in Corporate America. Real Business Ethics would include that concept of building a viable plan of operation to run a profitable business for the betterment of the company, the customers, and the shareholders. The business plan in vogue today is charge whatever the traffic will bear, and if at all possible, get as much money as possible without providing anything in return. Just do it in such a way that you don't get caught. For proof just look at the CEO rewards packages just revealed in the banking group on Wall STreet.
The SEC is staffed with people that are recruited from those investment training grounds that give us the market makers, wall street investment bankers, and the hedge funds, and would be more likely to call a target up, warn them, and suggest ways to avoid further scrutiny, than to do what we, the victims of these scams, would expect of them. Probably for more than a little cash slipped under the table, of course. Thinking of ways to scam people IS the new business plan.
Don't hold your breath waiting for any justice from either the SEC, or DOJ courts, though. Too great a possibility of political pressure being applied either way, and influencing the outcome in a direction inconsistent with the facts. And then we have the old plea bargain vehicle to quick justice. But for whom?
GLTA & Happy New Year. LC
heels, Hope your Holidays are going well.
But on your question of who's buying; how about ED or Carol &/or friends, as the buyers. We do "try" buys and sells to see what will happen, why not the same from them. A bunch of small buys could give the appearance of activity, move the SP, and be beneficial to the program they have in mind, at least in their eyes. They could just be fishing for reactions, before putting out more propaganda, and dilute again.
The tax write off angle would fit right in with someone that would buy here now, loose money on purpose, and then pay less taxes in 2008 or 2009. But in actuality they loose more dollars on the buy/sale play loss than the number of dollars they will save on taxes, because the taxes are on a percentage basis, and the trade is dollar for dollar.
For a look at the logic in that maneuver, just crunch the numbers using the IRS tax tables. But the best way is to do your complete tax return, then plug in the substitute numbers where appropriate, complete it again, AND then count the dollars lost on purpose against the so called tax savings. That is what most people don't do. Unless you are in those super high income brackets, you won't do that again.
If you loose it on a bad stock choice, that's different, that's what the write off was designed for.
Could also be a really hopeful someone just playing with left over junk amounts in a free trade account. Good luck to them.
I only need $30 per share to BE. Oh, that's right, the divis are going to save us in January. Oh, Happy New Year, Carol has declared it the "the year of the DIVI". I will probably need $31 to BE after they arrive. GLTY LC
Good morning TR & All. Hope your Holidays are going nicely.
Hope everyone is having a Merry Christmas.
Remember to share the Holiday spirit with those that you don't know, but will interact with during this season. Wouldn't it be nice if that spirit could be maintained for 365 days each year.
Merry Christmas Everyone. Larry
Jim, No flakes?? I disagree. Go to either Palm Bay or Whickam Rds, and you will see plenty of flakes.
We got a letter today from the Homeowners Insurance about the hazards of using alternate sources of heating for the home. Good timing, I needed the laugh.
Everyone have a nice weekend, and safe, enjoyable Holidays.
GLTA LC
Seattle, see post 85095 for the pr, and I think it was stated they were pre R/S shares. Now, if we could just sell them for $1.00 each, we would have something.
Sound Familiar?? Two of a kind, one just uses better English. This keeps up and I'm going to have to open another ST account just for Dead Divies. Even the ones received in accts can't be traded.
Hotdog, you have it all wrong, son. Carol feels our pain. She is sensitive to our losses, and wants to make amends by giving us a "no strings attached" divi. I heard she even hired a Canadian firm that specializes in beneficial share restructures to advise her of the proper way to go about it. Somebody called Minimar, I think it was. They can tell you all about them over on the MONA and GLCC boards. They are recognized for their fluent, truthful, and accurate PR's, and deep stockholder consideration. GLTA LC
cork, my ST streamer T&S shows 2,002,000 at .0039 being traded at 15:59:39 ..... Hope that helps to shed some light. LC
weatherbill, I understand what you are wishing for, but a crash and burn landing never nets the investors a cent. Been caught in two of these, neither of which traded on the pink sheets, (both on Nasdaq.) One had oodles of equipment, offices, and a plant in NJ, all of which were bought after the delisting, by a third party buyer, for pennies on the dollar. All income from the liquidations went to cover the legal transition expenses (the lawyer fees were $1,000 & $1,300 per hour for the liquidation teams). I got nothing out of either collapse, despite repeated attempts, filed letters on time, and jumping through all the other hoops they throw at you, so you might want to rethink your Christmas wish list. I think that as long as the stock still exists there is a chance, though remote, of revival. And class action suits are not your friend, they are only designed to line the law firm's pockets, and put companies out of business, so don't count on that path.
Unless you are shorted out the gazoot, of course, then your post makes sense. GLTA LC
Sometimes, Does Adblock get rid of the pop up ads when you scroll across a word in the paragraph, or does it do away with the ad box that was to the right of the writing, or both?
Mike, I wonder if they are actually naive enough to think that they can dump 1 billion, instead or 1 million, without having a sustained negative effect on the sp. Many of these pinkie companies do this, and some do it several times. The only valid arguments would be that they don't believe the sp will go that high until after they accomplish whatever the new money is intended for, and that they don't expect the effect to be negative for very long. Kind of a "My stock is invincible" mentality. If you need ongoing financial support, I would think that it would be better to dilute a little each month at the higher price, and keep the sp increasing steadily. HCPC has certainly exceeded the moderate dilution phase.
Unfortunately the need to dilute indicates that the investor side of the equation is lacking, at least for the initial phases anyway. Maybe the signature plan isn't as good as it is cracked up to be, from an investor's standpoint, anyway. If we can't get investment backers, then we can't close deals.
GLTY LC
I think 10 to 15 billion shares of good will would be a nice Christmas present to all of us. And it probably wouldn't cost them a cent in the end.
If the company does a rebound because of the share retirement, instead of going out of business, or wallowing at .0001 forever, the increased SP could easily make their remaining shares worth much more than the value of the retired shares.
Lookingforhelp, I think it started before the DOJ info was made public. Didn't the acceptance of the reality of the dilution, then several channeled pumps at great revelations in up coming communications or events, that then fell flat, actually start before the justice dept actions were announced? The last such disastrous event was the value empty Sunday broadcast in September.
Starting back in May, we had that terrible feeling of not knowing whether we were being diluted to death, buy back was taking place, or nss was going rampant, that continued for most of the summer. We wanted to believe the best,(#2) but in the end I think we got the wrong two. The DOJ just added another layer. I still am not convinced that the cases have legal merit, or were brought forth to serve justice in any way. Unfortunately, true legal justice is not the American way, anymore. Being on a grand jury, or a petit jury, will give a deep shake to your confidence in the outcome getting it right in our justice system. Too much is kept from the jury. If the cases are dropped, the stigma will still be there, and will continually be brought up by the negative posters on the boards, hurting the stock. I think the full intent of the charges being developed (I wanted to use FABRICATED, but resisted the urge) was to punish the CEO for not securing the funding for a large loan. Hurt the company, hurt Carol. I think this is just an example of American business ethics, and political favors at work.
IMO, only audited financials, some deals closing, reduction of the OS WITHOUT a R/S, plus much more open, and honest communication of HCPC's positions will restore the SP for us. GLTA LC
MB25, Good letter, left out a few points of interest about the stock, such as buybacks, or retirement of shares, but I bet the letter could still garner about 1900 co-signers. Glad you covered the R/S and dilution problems.
Personally, I'm not concerned about questioning the personal situations of Caro & her hubby, I think the charges are probably a political revenge favor, and will all be dropped at some point in the future. Glad you didn't reference anything that way, I think it would have killed any chance of a response.
Let us know if you get a reply, please. Thanks for the post. GLTA LC
Nunaka, remember, blizzards only last an eternity when the kids are home and run out of something to do, otherwise it only seems like a few weeks.. May your shovelling be easy.
Hope you had an enjoyable turkey day despite the bliz.
I didn't remember the party you referred to, but when I checked my iggy list, there he was.
It is worth the ihub membership fee to be able to iggy the pests, and unwanted types. I have 24 on that list, including two mods, (there so I didn't have to listen to their daily warning posts.)
I think your idea of creating a linked second board is great. I bet it will generate more posts, and reads, than the real one, once everyone finds out it is more relaxed. I would certainly visit there, but I probably will never go back on the original srsr board again, just too many bad memories of the restrictions.
BTW, this post would definitely get deleted on srsr.
Have a nice turkey day everyone, and a safe Holiday Season. GLTA LC
Happy Thanksgiving to all from those of us in sunny Florida.
May your Holiday be a safe one.
turbo, I think your wording describes a request of reasonable tolerance to the OT situation very well. My position all along has been that if someone takes advantage of the board, punish them, not all of us. It doesn't have to be this extreme stance. It is very easy for mgmt to block an individual poster, after they have ignored warnings. Thanks for sending the letter. LC
Heels, It wasn't the forced fasting that was bad, because I need to loose a few pounds anyway, it was living under that damn mailbox at the end of the drive for the last week that was so annoying. It gets cold at night, even here in Florida.
I just hope we get the retirement of shares without a r/s and all of the problems that brings. I have two of those in my accts already. They went from where we are here to the split price, dropped immediately, and are sitting at a point that will almost pay the trade fee. I'd rather have the shares sit right where they are now, and hope for a future resurrection of the company" business plan. That I can hope for with a speck of confidence. GLTY LC
MYT, One thing to keep in mind here in pinky land; it is supposedly different here than the big boards because the MMs don't have to show any bids or asks that they don't want too. I saw that happen on the big boards too, but here it happens all of the time. Manipulation, plane and simple.
I bought some sgcp last week, and my orders were placed at just a bit above the ask. That's an easy way to guarantee you have the best chance of getting whatever shares are traded. Each order took well over an hour to fill, and filled at a lower price than the ask. I didn't pay what I bid for either share, but I paid more than the listed bid. And the streamer bid and ask prices never changed to reflect my order, or it being filled. You figure that out. I ended up calling ST to see why my bid wasn't being shown, and the orders not filling. IMO the MMs wanted to lower the price to accumulate, and weren't going to let my buy efforts mess up their plans. I don't know if that call had anything to do with my getting filled or not, or the prices I paid. Point is, just don't get the idea that trading here will work the same way all the time, or as it appears on the streamers. If the MMs have an agenda, your order might get filled, and might not, or might fill, but never show up on the streamer. I didn't have L2 up, so don't know if it showed up there. GLTY LC
Heels, I got my letter yesterday. I can resume eating now. It seems to me I have seen everything it contains posted somewhere here before. Didn't get a chance to go back and look, but everything looked very familiar. Going to check the couch cushions for some loose $1000 bills to help Carol out.
BTW, the envelope address matched the name and title on one of my ST accts.. None came today, so apparently I will only receive the one letter, which is fine, but I had wondered if I would receive one for each acct. GLTA LC
Ok, thanks, I found it, but it is in the no buy/ sell only column now, about half way down.
Is that a tool they can use to cover their own short or NSS positions? What about those that have other brokers, can you B/S your shares unrestricted? I have ST. How can you tell it is restricted without trying to place an order?
Thanks for the CLEAR definition of calls and puts. First time I saw an explanation I understood.
I think it is easily tied to the economics of Nss. The companies gamble that their profits from sales of millions of shares that didn't exist (NSS) won't have to be covered if they can force the company out of existence. Lets just say it would cost hedge fund X $100,000 to cover their NSS position at .0001 if they needed too. They can pay a team to work together to post weak pumps, then more forceful bashes, to set the tone of doom over the boards, drive away new investers and old alike, and ultimately get the bankruptcy they want. So what if they spend $5-6,000 on the team, in this example, it would still leave a nice tidy $95,000 profit for the hedge fund. I have no factual basis for the numbers, but would suspect that I am well on the low side of reality.
If the ticker symbol, and cusip change forces them to cover the NSS, then we COULD see a slight spike, but would expect them to short the new symbol too. Just IMO LC
Thanks, hadn't seen any ST acknowledgements of receipt, so was just wondering if that could be the reason for not receiving one. I guess I'll have to continue sitting under the mailbox for a few more days and nights. Hope it warms up some.
Is there anyone with only shares in a Scottrade account that has received a letter? I wonder if that is a common link of some sort. TIA LC
Piecemaker, Thanks for the view from the other side. I especially agree with your rule interpretation of the times to definitely stay with the stock topic, and I would actually extend it to include whenever the posters are carrying on discussions about the stock, or stock related areas of interest. That is the real topic on the board, and should come first in all cases. It was the light traffic, and complete "dead time" removals & warning posts that seemed so callous to me. At 3am really, there are only two, or three of us night-owls there anyway.
Oh well, I've blown off enough steam for one day. But one last point; many of us will just not challenge the mods, or their actions, so we just get mad and leave. Probably not the smartest thing to do, because then we tend to get out of that stock, which can cost us a bundle in the long run. GLTY LC
TR, some of the most interesting discussions deleted were with you, I know we both had PM, but it was much more spontaneous talking directly on the board. And who did we hurt at 3am. BTW how's the little arm holding up to school use? You never told me wether it got through vacation dry or not. I bet on not.
Bet, Good to hear from you, we haven't chatted in a long time.
I hope I have the powder to get back in someday soon, depends on some others moving first.
One of my points was that you tend to get more into what you are most exposed to. We saw the projected turnaround go from last June to September, and then to who knows when, and when it keeps slipping like that you get the feeling you can use the funds for a quick play, then buy back more shares. The gamble doesn't always work. Hopefully, not done yet though. GLTY LC
turbo, your "Higher Powers" are killing the srsr board. While it was never the most exciting read, and we recognized that it wasn't intended to be either, at least there was a strain of the human element allowed. That was interesting to some of us. When I stopped viewing the board (2838 un-reads now), it was because EVERYTHING un-srsr was deleted, and much of what looked acceptable also got the axe. Remember, not everyone has PM privileges. I understand deleting attack posts that are directed at individuals, but I had general iggy, and ihub sign up recommendations deleted. When people get censured in the conversation group dedicated to the stock of interest with the fervor they show there, the stock IS hurt, because the peeps take their money where they ARE reading. I sold my 1.3M shares, and put the money somewhere else. No one wants to be in anything that they can't enjoy discussing, or read other's discussions. If someone makes a comment, or asks someone about something that is outside of the stock topic, they don't want to see their short discourse deleted, sometimes even while it is going on. It's like Big Brother is always watching. They need to either dismiss those responsible for the deletion fervor, change the rules, or instigate a test for MOD maturity that requires them to exceed four years of age. I do still have a position. GLTY LC
Cash, of course YOU got a letter, you own about half of the outstanding shares in the company. LOL. Seriously, I wonder what was the cryteria for sending them? I was on the WEBONAR ??SP broadcast registration list, so that was covered, had shares since 2007, but do have my shares with ST in street names in all of the accounts. What actually gets you a letter?
Interesting that I have orders in to buy at .0055, 0056, and .0057 bids and bid on ST streamer still shows as .0055. I see there is a trade volume now, 100,000 at .0055 @ 11:30. Went right around my higher bids.
Risk, I think you normally get a choice; issued paper cert in hand, or the issuing company has a designated bank, or brokerage house that acts as a holding company for your street name shares. But not a option to use your own house (like ST).
The last stock I had that way was MFC, and I think they used Mellon Financial Systems (Mellon Bank). The holding company will usually sell shares for you for a $15 to $35 fee per trade, and on quick notice, like while you are still on the phone. Takes about two weeks to get a check.
IMO, actually getting the certs just complicates life when you decide to sell. I know that in some cases, like going through your bank's broker, costs more to sell with a cert in hand. A LOT more. Think $150 to $300, or more, just like ALL trades cost in the old days. GLTY LC
Just checked, and I didn't get any email. So those lists aren't what generated any emails.
Just an FYI folks.
The space shuttle went up without a hitch.
It was beautiful. When it cleared the trees out back it was a bright orange flame, then changed to blueish tint as it went through the light cloud cover. When the solid rockets dropped off, I could see them with the naked eye, until they cooled. By that time they said the shuttle had lost over half of it's pre-launch weight. Watched it until it went over the horizon. Amazing sight.
May they have a safe, productive trip, and a safe return.
GLTA on yours stocks on Monday, have a nice weekend. LC