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I dont know what it is but it seems HUGE! Venrock bought, what like 3 mil shares that they had to disclose. You only have to disclose after you own 10% of a stock. It's just conjecture on my part, but they must know something BIG is coming soon or whoever did the buying will be out of a job.
There's something going on. https://bio-vax.com/index.php
lay·a·way (l-w)
n.
1. A payment plan in which a buyer reserves an article of merchandise by placing a deposit with the retailer until the balance is paid in full
There are 3 different things that you are talking about:
Financing is when you use credit to purchase an item and you get it before you have paid it off. Using credit will cost more as you are paying interest in the amount that you have not paid off.
Renting is when you get the item and you pay each month to keep it, in a rent to own agreement you can own the item after renting it for a certain amount of time. Renting is a bad option as you pay for an item but do not own it.
Layaway is when you put down a deposit on an item to hold it until you can buy it. You can pay more on the item at different times in the future to keep in layaway and reduce the price you have to pay to get the item. Layaway gives you the option to pay for an item over a period of time without having to pay credit charges and interest, although you have to wait longer for the item.
"GAME DAY BUCKET GO BOOM"
HAHAHAHA That's Awesome
ELAY
You see no similarities? The other company took out loans that they would not repay. The alleged creditor would then file a suit against the company. The company would use the suit as justification to dilute shares in order to raise money to settle the suit. The suit would be settled out of court and the money split between the parties involved.
The exact thing has happened here IMO, the only difference being that we do not know where the money went, as nobody has plead guilty yet.
The SEC and FBI do investigate and prosecute securities fraud.
Look at the similarities between what is happening at the present time with this stock and the alleged crimes in the following indictment, then make your best guess as to when an indictment will be served on the directors of ELAY.
Former CEO-President of San Diego-Based Company Charged in $28 Million Stock Fraud
Mark Lopez also Accused of Obstructing SEC Investigation by Hiding E-mails in Manila Folders Marked “Files Deleted” and “Not Released to SEC Subpoena (Delete)”
U.S. Attorney’s Office January 22, 2013
Southern District of California (619) 557-5610
United States Attorney Laura E. Duffy announced today the unsealing of an indictment charging Mark Anthony Lopez—the former president and CEO of Unico Inc. (“Unico”)—with one count of conspiracy to commit securities fraud and two counts of obstructing justice. Unico is a San Diego-based mining company whose stock is publically traded. Lopez was arrested on January 17, 2013, by special agents of the FBI.
According to the indictment, Lopez conspired with New Jersey-based stock trader Mark Allen Lefkowitz (who previously pled guilty) to manipulate the share price and volume of Unico’s stock to benefit corporate insiders at the expense of shareholders. As a result of the fraud, the company issued approximately nine billion new shares of its stock that it did not register with the Securities and Exchange Commission (SEC). These new, unregistered shares diluted existing shares, causing their value to drop by as much as $7 million. At the same time, Lefkowitz received free-trading shares from Unico worth more than $28 million, which he sold to unsuspecting buyers on the open market.
To carry out the fraud, Lopez and Lefkowitz exploited Section 3(a)(10) of the Securities Act of 1933—a little-known provision that allows companies to issue unregistered shares of stock to settle “bona fide” debts. Lopez, on behalf of Unico, would enter into purported loan agreements with various shell corporations owned by Lefkowitz, most of which were based in the Turks and Caicos Islands. It was understood by the conspirators that Unico would purposefully default on the loan agreements so that Lefkowitz’s companies could initiate sham lawsuits against Unico.
Each and every one of these sham lawsuits would be brought by Florida-based lawyers in a Sarasota, Florida court. The Florida attorneys, even though they represented opposite sides in the lawsuits, would obtain their pleadings from a single Manhattan-based law firm that oversaw the sham lawsuits. Very soon after each lawsuit was filed—and typically within the very same week—Lopez and Lefkowitz would draft a written settlement agreement. The terms of the written settlement agreement would be extremely favorable to Lefkowitz. In short, Lopez would agree to settle Unico’s debt by issuing unregistered shares of stock worth, on average, seven times the debt that Unico actually owed. According to a secret side-agreement with Lopez, Lefkowitz would sell the shares on the open market to unsuspecting buyers and kick back a portion of the proceeds to Unico. This kickback would take the form of a new loan—which would have the added benefit of continuing the fraud scheme.
According to the indictment, Lopez also tried to obstruct an SEC probe into his misconduct by refusing to turn over e-mails, which he printed and concealed in two manila folders marked “Files Deleted” and another marked “Not Released to SEC Subpoena (Delete).” The indictment also alleged that Lopez redacted portions of an e-mail and tried to delete it from his computer and later lied to the SEC under oath during deposition testimony.
Lopez faces up to a total of 65 years in prison and $750,000 in fines. According to public filings, Lopez resigned his positions as CEO and president of Unico on June 9, 2012.
United States Attorney Duffy emphasized that this type of fraud attacks the very heart of our financial system. “The leaders of corporations—including and especially CEOs—owe a special duty to their shareholders. When these corporate leaders ignore that duty and use their positions to enrich insiders, it not only harms shareholders but also threatens to undermine confidence in our financial markets and slows our country’s ongoing economic recovery.” Duffy added that this investigation was initiated by special agents of the Federal Bureau of Investigation.
Lopez is expected to appear in court before the Honorable Barbara L. Major on January 23, 2013, at 9:30 a.m. for a bond hearing, and before the Honorable Irma E. Gonzalez, United States District Court Judge on February 22, 2013, at 2:00 p.m., for a motion hearing.
Defendant in Case Number 12CR5236-IEG
Mark Anthony Lopez
Summary of Charges
Conspiracy to commit securities fraud, in violation of Title 18, United States Code, Section 1349.
Maximum penalties: 25 years in prison, five years’ supervised release, a $250,000 fine, and a $100 special assessment.
Destruction, alteration and falsification of records, in violation of Title 18, United States Code, Section 1519. Maximum penalties: 20 years in prison, five years’ supervised release, a $250,000 fine, and a $100 special assessment
Federal Bureau of Investigation
An indictment itself is not evidence that the defendant committed the crimes charged. The defendant is presumed innocent until the United States meets its burden in court of proving guilty beyond a reasonable doubt.
Highest volume day ever for this stock. The next highest trading day was the first day of the rise from .0007 to .015 back in Nov.
oryn chart, volume coming in now.
http://stockcharts.com/h-sc/ui?s=ORYN&p=D&b=5&g=0&id=p16601201601
ISIM Chart, big day tomorrow:
http://stockcharts.com/h-sc/ui?s=ISIM&p=D&yr=1&mn=0&dy=0&id=p06732896097
$40MM in new financing and earnings coming out later. That is great news! If this thing works like a spring the potential energy has been building up for a long time. I hope it works that way
Hey Paul,
Everything looks great for a nice bounce here. The charts look great, last years annual report was very promising, there has been hundreds of millions of dollars in loans this year alone, the Q1 is coming out in a couple of days and is expected to show growth. The only thing we need is for the market to see what we see and we will be off to the races with this.
Good luck to ya
$CLNH up 21%. EPS $0.19, PPS of $0.085. Very cheap stock with huge potential. Check out the chart
http://stockcharts.com/h-sc/ui?s=CLNH&p=D&b=5&g=0&id=p28670592190
$CLNH up 21%. EPS $0.19, PPS of $0.085. Very cheap stock with huge potential. Check out the chart
http://stockcharts.com/h-sc/ui?s=CLNH&p=D&b=5&g=0&id=p28670592190
CLNH has a P/E of 0.38
Stock price $.073
Earnings $.19
I'm still here. Its like getting water-boarded waiting for some news to come, but I'm up and I'm going to gamble that there will be some news before I can't take it anymore. They must be doing some sort of business, I just hope they let the public in on what they are doing before everybody gets out.
It seems that this stock is loaded up like a compressed spring, we just need some news and the .10's should be no problem. It has been quite some time since we have heard any real news from centerline. For goodness sake, they must be doing some kind of business worth telling us about.
There actually was a change in the AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON and that is the reason for the filing.
in the dec 2010 filing the amount was 30,897,489 while in the latest filing it was 30,896,968. this changed the percentage owned from 8.87 to 8.85
this is a difference of 521 shares, so nothing really happened, but there had to be a filing.
Good luck and get ready for the bump (cross my fingers)
8-k out, new CFO
http://www.secinfo.com/d1D393.p14.htm#1stPage
also heard that Levy is resigning
From the Novogradac Journal of tax Credits
DEALMAKERS
Centerline Capital Group closed a $48.6 million transaction to acquire nine multifamily properties. The loan proceeds include $35.8 million in Fannie Mae loans for the acquisition of five properties in Tampa, Fla. and two in Orlando. The transaction also included $12.8 million in bridge financing for two multifamily facilities in Pasadena, Texas. Johnson Capital provided the equity for the transaction.
http://www.novoco.com/journal/2012/01/briefs_lihtc_201201.php
Nice article on CLNH out today
http://www.multihousingnews.com/features/profile-centerline-capital-group/1004046670.html
Centerline Holding Company : Centerline Capital Group Provides $328 MM Structure to Finance an Eight Property Multifamily Portfolio in Suburban Washington, DC
http://www.4-traders.com/CENTERLINE-HOLDING-COMPAN-4936604/news/CENTERLINE-HOLDING-COMPANY-Centerline-Capital-Group-Provides-$328-MM-Structure-to-Finance-an-Eight-13873804/
Centerline Capital Group Closes Multifamily Refinance in 30 Days
—Total funding for property in Redondo Beach, California equals $11.1 MM—
http://ir.centerline.com/phoenix.zhtml?c=74331&p=irol-irhomeArticle&ID=1620101&highlight=
Centerline Capital opens alternative capital division in Vienna
http://www.washingtonpost.com/business/capitalbusiness/centerline-capital-forms-new-capital-markets-division/2011/10/25/gIQA2Mi7WM_story.html
getting close now
I have been watching for some time, and I believe it is time for a bounce.