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I'm out - These guys are crooks, and will face the fires of hell on day - I'm told them that in an E mail - Luckily it only represented 3% of my portfolia, and I sold most of it on the spike to .0023 recently - Still this will be the last penny stock I'm involved in. These are criminal enterprises, and the SEC and Cox has done nothing about it - I hope Nite and rest of the hedgies lose their ass, and get ushered into Federal prison.
1.) Anyone expecting a pop on the quarterly announcement?
2.) Will the downtime on shutdown reflect in the 4th Q?
Sold half my position at .002 yesterday at a loss. The news release basically said the rigs were down for a month - loss of 1 months revenue - not good for the 4th quarter - That was bad news IMO - now wish I'd sold it all - Buy back at .0005 -
AM I WRONG?
I was just thinking about the rediculous market cap here also - No point in selling here - I just saw an article that Nat Gas usage will go up 50% in the next 3 years. By the way, who is doing the selling at these levels?
That COX is a jack azz, who is incompetent, and largely reponsible for the whole mess we are in - because the laws are not enforced - it's not everybody everybody did not know about the Knight swindling - this is not free market - this is fraud
So in other words, they are selling little lots to themselves on the bid - to walk it down - these basterds belong in jail -
I've had an order at .0014 for an hour and a half now - is it possible for them to steal these shares for themselves?
tells me they are walking this down as low as they can and fill up their tank with cheap shares - possible? - or they are continuing to walk it down even lower - I show current bid at .0012
I keep seeing these little 500 share buys at .0013 - c'mon that's real fishy - I think these nite crooks should be taken out back and shot - for their crimes against investors
NAKED SHORT SELLING ILLEGAL AS OF TODAY
It will be fraudlulent to LIE about dilivering shares! All eyes are on NITE and other crimminals - Their party is over. I'm pissed I didn't double down at .0015, but can't cry over missed opportunities - I have 1,200,000 shares at .004 and will not sell PERIOD - I can wait for the quarterly earnings report at the end of October - Mike Hope your father can pull some strings to focus on NITE
I don't know the details, but it had something to do with the NSS problem
HTOG IS ORGANIZING A PROXY - WHY NOT US?
Why would they do that? Who is doing the selling?
SEC puts 'naked' short sellers on notice
Regulator enacts new ruling banning 'naked' short selling on all public companies.
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By David Ellis, CNNMoney.com staff writer
September 17, 2008: 11:08 AM EDT
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NEW YORK (CNNMoney.com) -- The Securities and Exchange Commission adopted a set of new rules Wednesday which would ultimately ban the practice of so-called "naked" short selling, possibly providing some much-needed comfort for financial markets.
But instead of just shielding the embattled financial services industry this time around, the nation's securities regulator said the prohibition would cover all publicly traded companies.
"These several actions today make it crystal clear that the SEC has zero tolerance for abusive naked short selling," SEC Chairman Christopher Cox said in a statement.
Traditional short sellers borrow stock with the aim of selling it, then buying it back at a lower price, hoping to pocket the difference. In a "naked" short sale, however, investors short the stock without actually borrowing it, making it much easier to drive down the share price of a company.
Dramatic swings
Some market observers have blamed the recent wild swings in financial markets and steep decline in financial stocks on the practice of "naked" short selling. Hoping to stem the sharp selloff that the industry endured back in early July, the SEC enacted a temporary ban on the practice for 17 domestic and international securities firms, along with the twin mortgage giants Freddie Mac (FRE, Fortune 500) and Fannie Mae (FNM, Fortune 500).
The move helped, but financial stocks have come under pressure once again following the dramatic events over the last three days, including the collapse of Lehman Brothers (LEH, Fortune 500), the purchase of Merrill Lynch (MER, Fortune 500) by Bank of America (BAC, Fortune 500) and a government rescue of insurer AIG (AIG, Fortune 500).
Prior to Wednesday's announcement, industry groups like the American Bankers Association feared that the yet-to-be-announced rules may not go far enough to protect the stock price of banks.
Other groups, like the Managed Funds Association and the Coalition of Private Investment Companies, which represent hedge funds and other asset managers, have opposed any permanent changes, fearing that a rule would not only limit legitimate short selling but also give an inaccurate representation of the real price of a stock. To top of page
The next bubble: pessimism
The end of Wall Street
I tried for last hour to get filled
at .002 - they won't fill it - that tells me at this point that .002 is the bottom - only a handful got filled this today at that level
THE EMPHASIS WILL BE ON "DOMESTIC" Producers -
Congress will pass laws favoring domestic producers to stop or limit the flow of money to unfriendly nations - Maybe the *^*(&ing politicians will get it right for a change - the NSS rules will allow us to go after the predators - This is happening as we speak
NAKED SHORTING COMING TO AN END - BUYINS>.NET IS TOAST
NAT GAS CLIMBING - OIL CLIMBING AGAIN!!
TRYING TO BREAKOUT - .0025
HMMM??? - I got 1.2 mil at .0038 - I aint sellin - Let those CDS holders fry - Nat gas holding it's own - GONNA BE A COLD WINTER, and Nat Gas will be congress's logical solution to energy independance. If you sell you only make someone else wealthy in the end. I've made up my losses by shorting the financials, but DIG would have been a good buy at 58 this morning -
Mike
The X factor is four fold, which should be wind at out back:
1. Winter is approaching - PEOPLE MUST HEAD THEIR HOMES - Many analysts, and the Dig board think NAT gas is bullish near term
2. Nat gas will be the oil replacement of the future - The Pickens plan makes more sense. This drop in oil won't last because OPEC has already stated they cannot let it drop below 100 - THAT MEANS SUPPLY CUTS COMING Stir up congress even more that we are hostage to unfriendly people
3 There are emergency hearings that will eliminate NSS on the BROADER MARKETS
4. Finally the shares are running out as you have laid out your case so well - If it hits .001 I'll double up
what about the price of Nat gas itself? Revenue projection? Increase production offset nat gas price decrease? - Look at XTO and others they are getting creamed
3.8 million trade at .0028 - just went through
BIG BLOCKS GOING THROUGH AT THIS PRICE
Can't hold this down too much longer
The key is HUGE BLOCKS COMING THROUGH
I heard they mostly operate out of Germany and Canada
It went from 3 to 3.8 in 15 minutes - This talk of .0001 is foolish - but the crooks in New Jersey would like you to believe that ...
ITS COMING BACK - DONT PANIC
They are counting on people bailing at 4 so they can pick them up on the other end - THEY CONTINUE TO SHAKE THE TREE
And these are shares that don't exist?
Flipping is the reason
1.5 mil at .0038 now - will stop for now - wait for any rediculous drop into the 2's - basically giving this company no value - c'mon - somebody is stealing the company at these levels - should have sold at .0052 at open, but flipping at this point may not be smart either - don't want to be left in the dust.
Looks like those who had the balls to dive in at 35, are sitting pretty - starting to look like 4 was the floor
ME THINKS WE HIT THE BOTTOM OF THE WELL - MATES
YEP .0001 times 1.25 billion shares only equals $125,000, cd holders debt is $4.9 million. You really think the cd holders are going to take a loss of $4.775 million dollars, not on your life.
yes .0042 - if it goes below 35 - it's just someone not knowing any better and just panicking
HUGE BUYS AFTER HOURS AT .04 / .042
Exisitng convertible debt of 5.9 million....
If that is converted now at this market price, that will be well over 1.5B authorization share, including the present outstanding 250 million shares (most of them converted at 0.0135)........That means this is the bottom......
The PPS should be back up from here in anticipation of great earning......
Cheers !!!!!!!
Could this have anything to do with the fact that IKE is headed right in their direction?