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it looks like some big names are coming on board, im sure its not for nothing.
back because there is a reason to be. stock has been more then quite for a long time. looks like things are changing for the better. time will tell.
Steve Gaynor has over 20 years wireless and 30 years professional experience. An attorney, investment banker, management consultant and CEO, he brings a wide range of skills to assist clients with building businesses and solving business problems.
Steve graduated from Harvard’s Joint Program in Law and Business, simultaneously earning his MBA and JD degrees. While at Harvard, he interned at McKinsey, and served as an assistant to the Secretary of the US Treasury (Finance Minister).
Upon graduation he became a "Wall Street" attorney and banker, first with Skadden Arps, a leading law firm, and subsequently with L.F. Rothschild, where he advised on transactions of all types, including M&A, restructurings, IPOs and follow-on equity offerings, and private placements of equity and debt.
Recruited by AirTouch, (now Vodafone), Steve became a leader of its successful international expansion in Asia and Europe. He was a senior member of teams that won GSM licenses in Italy and Spain, and served on the Boards of what are today Vodafone Italy and Vodafone Spain.
Following AirTouch’s $62 Bn acquisition by Vodafone, Steve became a Partner at Arthur D. Little where he served as a senior wireless advisor to governments and leading companies and investors, including the Brazilian Government, Sony, Nortel, Saudi Prince Al Waleed and several private equity funds.
Since ADL, Steve served as CEO of Unifone, a wireless service provider funded by a $1.7 Bn VC fund, and Mobliss, a mobile messaging and games company. He has been on six boards, of which four companies were acquired, and on several start-up advisory boards. He currently advises companies in the wireless industry on strategy, financings and transactions.
In addition to holding the MBA and JD degrees, Steve holds a Certificate in Telecom Engineering with distinction from U.C. Berkeley, is a member of the New York Bar, and is a registered investment banker associated with M&A Securities Group Inc., member of FINRA, SiPC.
there is a new rule in place as of monday which forces all market makers (rule 6460) to show the complete size of any client order on both bid or ask.
The OTC equity market is slowly becoming regulated. What was once a Wild West type atmosphere is maturing into a safer and more transparent trading arena. A series of new OTC regulations became active today. Most relevant for most traders is the FINRA Rule 6460. Let’s take a closer look at exactly what this regulation is and what it will mean for OTC stock traders.
The FINRA Rule 6460 governs the display of customer limit orders. This new rule requires OTC stocks to follow the same mandatory limit order display regulations as exchange listed shares. First used with exchange traded stocks in 1997, this rule eliminated many of the trader unfriendly games played by large interests. The OTC market makers now must follow the same regulation of displaying the price and size of any customer limit order improving the price or size of their own published quote. The new regulation will affect published quote sizes since now the actual size must be visible beyond the traditionally displayed minimum quote size tier. Basically this means that transparency will be improved in the OTC market. No longer will large customers be able to hide their intentions to buy or sell. Previously, a large trader only had to show 5000 OTC shares at the best bid or ask hiding an actual large price moving order. Most traders will agree that this form of transparency is a positive for both the market and traders. For the actual wording of FINRA Rule 6460 follow the link: http://shockertrades.blogspot.com/2011/05/new-finra-rules-6460-on-may-9-2011.html
its the truth, new rule as of monday rule 6460 forces all market makers to post comlete size of any client order....
The OTC equity market is slowly becoming regulated. What was once a Wild West type atmosphere is maturing into a safer and more transparent trading arena. A series of new OTC regulations became active today. Most relevant for most traders is the FINRA Rule 6460. Let’s take a closer look at exactly what this regulation is and what it will mean for OTC stock traders.
The FINRA Rule 6460 governs the display of customer limit orders. This new rule requires OTC stocks to follow the same mandatory limit order display regulations as exchange listed shares. First used with exchange traded stocks in 1997, this rule eliminated many of the trader unfriendly games played by large interests. The OTC market makers now must follow the same regulation of displaying the price and size of any customer limit order improving the price or size of their own published quote. The new regulation will affect published quote sizes since now the actual size must be visible beyond the traditionally displayed minimum quote size tier. Basically this means that transparency will be improved in the OTC market. No longer will large customers be able to hide their intentions to buy or sell. Previously, a large trader only had to show 5000 OTC shares at the best bid or ask hiding an actual large price moving order. Most traders will agree that this form of transparency is a positive for both the market and traders. For the actual wording of FINRA Rule 6460 follow the link: http://shockertrades.blogspot.com/2011/05/new-finra-rules-6460-on-may-9-2011.html
nite showing 579 813 306 shares on the ask at .0001
as of today new rule makes that mm's have to show the best bid and ask complete size offering.
no more hiding, good thing for all otc and pinksheet stocks
How many shares you own, what have you heard about this sudden movement and volume?
Was following this stock closely about a year ago.. interesting to see the volume today.
Its interesting, this stock has done nothing in years.
5.5 million shares traded today with over 90% being buys.
Why would someone all of a sudden start buying into this?
somethings up.. lets say how this goes tommorrow
King dont take this the wrong way but you have had nothing but negative and bashing pasts towards SMKG.
Why would Max even consider hiring you to do the IR and why in the world after your numerous negative posts towards SMKG would you even want to offer IR services for the company???
Seriously, I cant even begin to understand why you would make such a request towards Max and SMKG.... and to expect a response from him after all the negative comments you've made towards Max himself and the company is also mind blowing....
Tahoe, it is indeed a shame that the company made this release.
However I do not believe it was written in the way it should be.
Without the buyers groups approval, there is and will be no reverse split or increase of authorized share.
I will try to contact management and hopefully have some sort of feed back in regards to this latest press release and why it was actually done.
Once again, I believe some one at mangement level woke up on the wrong side of the bed when they announced this press release.
What was going on in there minds, I dont know, but hopefully in the near future we will have another update to clarify things in regards to this latest press release.
The May 25th Press Release
It was indeed a non required press release.
Even if agreed by board as stated on release, they require vote from existing shareholers as company would require the approval of non affiliated buying group holding a large % of shares which they SMKG do not control.
Company does not have the 51% to make this pass on there own without the vote of the buying group.
To my knowledge this would not pass as there would be no benefit to exisitng shareholders or the buying group.
In my opinion its a PR that should of never been released, its too late now whats done is done and we cant go back in time.
I believe the major reason for the PR was to test market reaction, which basically told management that no one is following the stock except for the handful of existing shareholders.
It did not cause any dumping of shares nor buying of shares for that matter, therefor this was an un-needed, irrelevant, press release.
It is a shame that it was released however as it does cast a cloud and doubt in regards to the company. I wish management could of thought this over prior to doing it, seems like it was done on a flip of a coin.....
Maybe Massimo woke up on the wrong side of the bed that morning.
Lets hope future press release will provide shareholders with relevant important information required for real price increase.
SmartCard Marketing Systems Inc.(PINKSHEETS: SMKG) announced today the introduction of Credit Card Payment Processing services to its merchants, a service that is highly in demand.
CEO Massimo Barone Stated “I am pleased to announce the introduction of Credit Card Processing services to our existing Velocitymoney.com merchants and eventually to new merchants boarding velocitymoney.com services. Initially, the service will only be offered to our existing merchants and their customers whom have prior transaction history with the company. The significance of this added functionality will enhance our existing methods of processing and offer merchants the full suite of transaction management they require to better serve their customers online and off-net. We believe that we can establish new thresholds of transactions and increase the number of transfers done by individuals by as much as 35% therefore improving our average fee’s earned per customer.”
About Velocitymoney.com
We continue to expand our portfolio of services with the mission to ultimately improve payment processing solutions that meets the needs of our clients. At the present time our solutions include a variety of payment methods and products for companies including Batch Invoicing, ACH, EFT, Bill Pay, Email Money Transfers, Gift Cards, Reloadable Debit Cards and now with the added value of Credit Card processing as an option for funding our client usage will drastically improve. Our goal is to compete in the same market space as PayPal.com and Moneybookers.com with the added value of transaction management procurement which continues to be the main requirement of many companies today.
We seek safe Harbor
its was never disclosed but thats been all cancelled the share structure is now what it is as previously stated on there quarterly update...
i cant tell what the future brings pizza, but i know this stock is way undervalued... time will dictate that on it own.
indiana where do you get your info on the reads???? do you have a link for that?
Yeah, it does look interesting. lets see what happens tommorrow and the rest of the week.
i agree on that point also....
some serious volume for cwrn... looking great this morning
news is out cherrrob.... look at there press release today
NEWS!!!! CWRN: "Crude Iron Ore Spot Prices on CFR Basis Remain Strong $177.42"
Date : 04/27/2010 @ 7:30AM
Source : MarketWire
Stock : Cotton & amp; Western Mining, Inc. (CWRN)
Quote : 0.0024 0.0 (0.00%) @ 2:05AM
CWRN: "Crude Iron Ore Spot Prices on CFR Basis Remain Strong $177.42"
HOUSTON, TX -- (Marketwire)
04/27/10
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- Robert L. Cotton, President of Cotton & Western Mining, Inc., announced today that the company is expected to begin operations at the Baja Pacific Mining Project before the end of May 2010. The company was asked to make a specification shipment of crude iron ore in lump for mill procedures prior to starting full production. The company shall offer to the China Seaborne Trade Spot Sales (Single Shipment Contracts) its first six (6) months of crude iron ore production at the Baja Pacific Iron Mineral Mining Project. "Spot Sales" Monday's price settled at $177.42 per Dry Metric Ton delivered "CFR Basis" the Port of Qingdao, The People's Republic of China, near $20.00 higher per dry metric ton over the past two weeks. Bulk shipments will be loaded out at the Pacific Ocean Port of Ensenada, Baja California, Mexico. At current prices, a single Panamax bulk cargo (75k/dmt) shipment would be approximately $13,000,000.00. Pan American Minerals Ventures, S.A. de C.V., a Joint Venture Company, shall be the operating company for the Baja Pacific Iron Ore Mining Project. The Company's website is currently receiving several requests daily for Iron Ore as the demand for Spot Sales remains very high.
Related News: The Spot Crude Iron Ore Price for the China Seaborne Trade remains strong as reported on Monday, April 26th, 2010 at CFR $177.42 per dry metric ton Port of Qingdao. Daily index prices may be viewed at the Metal Bulletin link below.
Metal Bulletin Iron Ore Index Link http://www.mbironoreindex.com/
About Cotton & Western Mining, Inc.
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a Nevada Corporation that is engaged in metal mineral exploration, development and operations of "Iron Mineral Mining." For more information, please visit the company's website at www.cottonwestern.com.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the Safe Harbors created thereby. The Company is a development stage firm that continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
Contact:
Cotton & Western Mining, Inc.
363 North Sam Houston Parkway East
Suite 1100
Houston, Texas 77060 USA
www.cottonwestern.com
+1(281)820-7815
Some ask hitting seems very tempting this morning, think i might dip my beak on this one.
The share structure and free float is 100% acurate Pizza, free float is 300 million.
Those are some serious highs..lets hope they can be re challenged again...
I think I'm gonna pick some at the ask this morning.. CWRN looks like she might have some strong potential.
looks like something is set to happen here this morning...
Any news expected on this stock????
there where 50 million shares in a day that trades not to long ago...
WHATS THE FREE FLOAT FOLKS!!!!!!
Im sure it must be close to 2 billion by now...
Does any one have the latest free trading count from the transfer agent?
Do you relealize with the volume that has been trading there must be over 2 billion free trading shares of this stock at the moment.
When the promo stops and it will, I have a feeling this can fall to the ground. But thats just my opinion.
Yesterdays shorts... sounds crazy..lol.. who knows maybe its the case and holds true.
20100408|SMKG|3690260|7616548|O
If its acurate. In that volume % amount, seems like a really risky game on the shortsellers side.
To my knowledge 964050 is the volume of shares sold on bid but not meaning that it was actually sold short.
I cant see these numbers as being acurate.
Actually I find it somewhat impossible. It just doesnt make sense to me that someone would continously short such large amounts especially on such a small float of 131 free trading shares.
SevenTenEleven, may I ask you where, or on what site do you get this information regarding shortselling for SMKG?
How acurate do you consider the source to be?
There seems to be some conflicting information as to whether the stock smkg is actually sold short or not.
Any info would be aprreciated.
SmartCard Marketing Systems Inc. (PINKSHEETS: SMKG) Announces 2010 Outlook - Product Review and Revenue Streams
Apr. 8, 2010 (M2 Communications Ltd.) --
SAN ANTONIO, TX -- (PINKSHEETS: SMKG) CEO Massimo Barone said, "We are proud to present our 2010 Company Outlook. We believe that this information will allow both our company shareholders along with existing/future clientele the ability to completely understand what our great company has accomplished and achieved during its first important initial years. Our platform stands unique and can be tailored to our many different clientele needs. The current and future economic situation offers SmartCard Marketing Systems Inc. an unlimited amount of growth potential which we aim to capture during the coming years."
FINANCIAL SERVICES VelocityMoney Financial Services Portal The VelocityMoney Financial portal has reached a new pinnacle of service and ease-of use. SMKG has included 4 products and 15 services under one comprehensive web application for Individuals, Businesses and Merchants. In the fouth quarter of 2009 (PINKSHEETS: SMKG) added its proprietary VelocityMoney consumer financial portal to the VelocityMerchant commercial financial management portal. Together they form a complete platform for consumers and merchants to move money, manage their stored-value debit cards, transfer money between international bank accounts in 16 different currencies and make online purchases from participating merchants. The online system allows consumers and merchants to send, collect and manage money online internationally in 19 diferent currencies.
Products: Stored Value Cards - Globally-branded Open-Loop Prepaid Debit Cards One of the most exciting new products to which (PINKSHEETS: SMKG) has acquired the distribution rights is International Stored-Value Debit Cards. These products are in high demand within the niche populations of a) those with no bank account, b) those who want to transfer money to relatives in remote locations bypassing more expensive transfer companies like Western Union, c) companies who want to put all employees, including unbanked employees, on payroll direct deposit, and d) immigrants who are trying to get financially established in their new country. Each card sale represents an average of $40 and $60 per year in residual transaction revenue.
VelocityMoney Prepaid Debit and Gift Card Program - US (PINKSHEETS: SMKG) has marketing rights to branded Debit cards and Gift Cards under license, processed and managed by its US financial issuer. After doing a thorough market search, management has determined this to be a very unique opportunity to create revenue both through sale of the cards, and, more importantly, through recurring monthly residuals from transactions performed by cardholders.
Canadian Distribution (PINKSHEETS: SMKG) has distribution rights to a prepaid Debit MasterCard Issued by a Canadian financial issuer. It is one of a few such cards in Canada that can be issued to an individual who does not have a bank account. This represents a huge opportunity to sell cards into a market that has little to no competition. Through its Canadian development office, (PINKSHEETS: SMKG) has significant sales opportunities to recruit resellers of its cards through transaction-based financial service providers such as bankruptcy-asset distribution trustees, check cashing establishments, payroll companies and as a funds distribution mechanism for investment houses and travel companies.
Loading Network
Green Dot Network - One of the biggest obstacles in the debit card business is getting money onto the cardholder's card. (PINKSHEETS: SMKG) has a contract solution that gives it an advantage in the current marketplace. This solution is the Green Dot Deposit Network.
The Green Dot Financial Network allows cardholders to add cash onto their VelocityMoney cards at tens of thousands of retail locations nationwide including Rite Aid, Walgreens, CVS/pharmacy, RadioShack and WalMart.
ONLINE PIN DEBIT PROCESSING HomeATM Payment Processing SMKG integrated the HomeATM PIN terminal to its free Internet-based payment platform, VelocityMoney.com. The terminal plugs into the USB port on a computer with Internet access and a free VelocityMoney.com account. With no more set-up than that, the business can accept any bank's PIN-based debit card for payment. The transaction is basically treated as a cash transaction or ATM withdrawal by the bank...no charge-backs and no reserves.
SMKG receives 1% on payments processed MERCHANT PROCESSING Credit Card Processing SMKG has written an interface that allows merchants who need to process credit or debit cards remotely to use their mobile devices, such as cell phone or wi-fi to process payments and print out a receipt for the customer. The VelocityMoney Bluetooth Printer has a built-in credit card swipe/reader and thrumal printer. It can be used alone or in conjunction with the HomeATM device to process credit and debit cards remotely and securely while printing out receipts for signature capture.
ONLINE BILL PAY PROCESSING In 2008 (PINKSHEETS: SMKG) has added Online Bill Pay capabilities to its online platform, both in Canada and in the US. This allows the company's cardholders or VelocityMoney account holders to use funds in the card or virtual accounts to pay thousands of billers online, billers like utilities, insurance companies, landlords, credit card companies, even private individuals.
The company receives from $0.50 to $2.50 per transaction, depending on the payment amount, from each transaction processed. The company expects to sign up over 5,000 users within the next 12 months.
MONEY TRANSFER SERVICES In addition to Online Bill Pay, SMKG offers a wide variety of ways for its customers to move money anywhere in the world.
SWIFT Payment Processing One of the services offered within the VelocityMoney product suite is the ability to send money quickly almost anywhere in the world using fiduciary services as its service provider. This company has established a network of banks on the SWIFT system where they swap or exchange money from one bank to another within the network. This allows an account holder in one country to send money to any other country in the network and receive credit in their virtual account within 24 hours. The recipient can then direct the funds to his bank account, his VelocityMoney-linked debit card or to any recipient using the Bill Pay functionality.
The company nets upto $2.50 for every transaction that is initiated through VelocityMoney.com.
E-mail Money Transfer This service is the equivalent to what major banks in Canada offer their customers. It allows SMKG customers to send money to anyone in the world who has an e-mail address.
SUMMARY A Successful 2010 Although many of the services have only been available a short time or are in the final stage of development, (PINKSHEETS: SMKG) has solid sales prospects for merchant locations in the travel, payday loan and financial services industries.
(PINKSHEETS: SMKG) either owns or has acquired distribution rights for prepaid products, financial services, loyalty programs and web-based information technology for non-bank, financial businesses that serve customers in niche demographic populations. Specifically (PINKSHEETS: SMKG) offers the following products and services representing a broad variety of revenue streams for the company: 1. Prepaid Stored Value, Globally Branded Debit cards and Gift Cards 2. Card-to-card Money Transfers 3. Online Bill Payment 4. E-mail Money Remittance 5. E-Mail Invoicing 6. ACH/EFT Credits and Debits 7. Card loading services at any Green Dot location (over 15,000 locations in the US) 8. International money movement in 19 different currencies 9. Remittance Processing & Aggregation through electronic checks, paper checks, money orders and HomeATM 10. Customer Loyalty Management System based on proprietary smart card technology 11. VelocityMoneyTM, a web-based transaction tracking system that allows participating retailers to track all their financial transactions through the system and calculate sales commissions, residuals and fees to individual offices or employees. This software is proprietary to (PINKSHEETS: SMKG) and gives the company a critical advantage over its competition.
You can also find us on: Facebook: http://www.facebook.com/group.php?gid=8716264685 Twitter: http://twitter.com/VelocityMoney We seek safe harbor Massimo Barone CEO maxbarone@gosmartcard.com 866-774-2555 www.gosmartcard.com
(Comments on this story may be sent to tww.feedback@m2.com)
Source: M2 Presswire (April 8, 2010 - 6:56 AM EDT)
News by QuoteMedia
pizza SMKG GONNA ROCK THE HOUSE!!!!
Your DEAD on pizza!!!!! This is a new beginning for SMKG, no more R&D now it time to capture clients and shareholders!!!!
SMKG is gonna rock!!! this pr was to let everyone now what they've done and offer... now the clients and sharholders will slowly start to build at a nice growth rate... GO SMKG!!!!
Pizza, this finally gives a great explanations to what they built over the last 3 years, all the services and what revenues they will generate the company...
could be a great pr to attract new CLIENTS and not just shareholders...
should be on business wire also...