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Hey RRRRR, I would be on board to nail this guy as well!
I dumped at a great lose and would think that a group of us could at a minimum make it impossible for this guy to function in the USA. He may have bled off thousands but it won't be enough to live it up anywhere.
I can't lead this either so if anyone on this board leads the charge, I am sure there will be scads of people jump on to go to the SEC or whatever.
Mikey I agree with you on this. I will join any petition or class action here. I dumped and lost money based on lies. These are in fact pink sheet high risk items, but that does not negate the law and the principle of this thing. The money lost is small but the principle here is collossal.
You always tried hard to get info for the board here and never lead me to think that anything you were saying was other than best DD available.
I am with you if you move ahead if my alignment would help.
What boards are you seeing activity?
I apologize. The alert was set for SYMW and came to me as response to that. It is not related gang sorry for false alarms of any kind.
I just saw this from SEC alert I had set up.
FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
THOMPSON JOHN WENDELL 2. Issuer Name and Ticker or Trading Symbol
SYMANTEC CORP [ SYMC ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__ X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
350 ELLIS STREET 3. Date of Earliest Transaction (MM/DD/YYYY)
7/26/2010
(Street)
MOUNTAIN VIEW, CA 94043
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 7/26/2010 M 60000 A $8.2125 1421364 D
Common Stock 7/26/2010 S (1) 10000 D $15.04 1411364 D
Common Stock 7/26/2010 S (1) 50000 D $15.00 1361364 D
Common Stock 7/26/2010 S (1) 10000 D $15.11 1351364 D
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $8.2125 7/26/2010 M 60000 12/5/2005 12/5/2011 Common Stock 60000 $0.00 108130 D
Explanation of Responses:
( 1) Sale was made pursuant to a stock trading plan established under Rule 10b5-1.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
THOMPSON JOHN WENDELL
350 ELLIS STREET
MOUNTAIN VIEW, CA 94043 X
Signatures
/s/ Simona Katcher, as attorney-in-fact for John W. Thompson 7/28/2010
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
rrrrr, I am not trying to take anyone apart, and you are right I did mis-rep the lotto comment.
The underlying issue remains the same and I stand on it. A development project is what this investment is and one I simply do not expect to see a pristine ride. As far as mis-leading by JD, I think it a bit disingenuous by some to rip JD about PR's after everyone was basically bashing him for not providing more. So he pushed out some PR not well written to ease everyone and everyone goes nuts - naturally. Overall it makes sense to me that a small time development project like this will behave as we have seen.
Also I want to say that sometimes these posts come out a lot more negative sounding than intended by some. My main point for everyone is to either be patient or go to a stock that one has confidence enough to ride. And I do think talk about legal action is an angry response but not warranted if it is to be based on changing details for something like of this low value and with such high risk to start with.
I do agree with Mikey overall. I hope you and everyone will make a boat load here or anywhere RRRRR. :)
I can only tell you that I have been on projects where we start with people and resources, get thrown a curve ball that doesn't stop us but redirects us, and time tables change etc. This is a start up on the pink sheets. He may have some people working with him and there may be details we don't know about.
No one has knocked on his door and there is not a lot of substance with so little capital involved. I am on the path that this needs to develop. I hope sooner rather than later, but I anticipate delays and some missed signals. This isn't Diamler Motors or soemthing.
If it is as bad for people to hang in here as it sounds then people should focus on some of their other holdings.
I wish the best to you and all here, and on other boards.
EXACTLY RIGHT Mikey!
So basically rrrr you invest in hear say. Interesting concept. The concept or the vision had nothing to do with it. The notion that a development project in a new idea can have left and right turns didn't really play a part in the calculus, another interesting way to think. Ah yes, in America, if all else fails find someone or something to take to court! Ah yes, there is another way to invest. Man oh man,please be patient or jump off. And Mikey or people like me NEVER said anything about this is like a lottery ticket. A lottery was mentioned by someone as a side analogy, don't make a crusade out of it.
Right on Mikey. If it is BS so be it. I invested in a pink with the anticipation that after many trials and much work and probably some failures, that we'd get a product that will make a diff.
I am not new and i did loose earlier but returned.
Development takes time. It takes money. And it usually comes with a number of failed attempts.
I'll be here with ya MM.
When I worked on defense projects with tons of resources I saw several projects slotted for 18 months turn into 3 years. Some heads rolled but it was a fact that the projects were behind due to development issues that needed to be worked out. Just a thought that maybe this pink is in that position and still poised for a payoff in the future. The technology has high potential.
Thanks for the update Mikey. This looks pretty standard to me for a development project.
Thanks Mikey
Could it simply time be testing and adjusting and tweaking a proto? Pulling $ selling shares to stay away from bank debt?
It comes up in TD-Ameritrade, google and Yahoo.
What email address do you have for JD?
On a prayer I am hopeful for a very remarkable change in direction with no R/S. IF that is wrong, well I invested in a PINK!
Thanks Tony
Does anyone know the buys vs sells today? On my trader it looked to be about a split at 54M and 49M. Is that info wrong?
Interesting info! Who knows for sure, but I am glad I did not sell. The evidence is not clear, but it is logical that there are design and builds phases of some sort taking place. A buy out could be good too.
IMO the cash taken is being used for build out. If this is like projects I have been on the results trail funds by a time gap. I don't expect to see anything real soon but do expect a good result from all of this.
I think JD is on the up-n-up. It looks like he generated about $71K today. Taking a positive look at this it would seem they are building something and not using a bank to get the cash to work on this.
This is only one of a million perspectives and obviously JMO, but I am remaining optimistic in light of the stagnation.
Great post. We need to look at our potential here. There really is no telling what level we could land at if this fuel cell technology gains some meat behind it and a market opens up for this. New energy is the future for the USA if our economy will ever be robust again!
Lighten up
Chris, great response to Han. I have worked on a number of tech projects where things changed weekly for 2 years before there was settling into the end game toward the end product goals. R&D is tricky especially in an area like this that could generate major competition over night.
JD could be a feeding us a line for SYMW selling @ $.0003 right now, or this could be an evolving project with a real future.
I went back and forth for a week. I am hanging in here. I took a risk on this start up and I am not moving.
Captain, appreciate your concerns! However, your page says all your posts are your opinion, but you are asking us questions as well. What we see is potential or we would not be here. You could be very well right. We are hoping you are not. Good hunting to you CJ.
Thanks for your work Mikey. I know people are distrustfull in the pink markets. And I know you all realize this next point but I will say it anyway. Development projects rarely stay on track. Least of all one coming from nothing with no capital. Even hugely funded projects get way behind original projections. The moon program was an exception, but look what was behind that.
I agree with everyone that info should be more frequent and not recycled.
I am with Mikey and will remain patient. It was never really believed by me to be anything quick for this or any investment. I hope and pray this will not be BS and the information Mikey has brought to the table time and again will again prove to be correct. Under no ellusions, but hopeful for a home run in the future!
The sells look like they may have been the end of that 1 Bill used for cash needed?? Lets see where we are tomorrow, if that is done and we start creeping upward. Another PR wouldn't be bad if it has substance either.
Hi Sho. IMO - this most likely that a working model was needed first and then progress to a proto. Whatever was or was not done with the college was never meant for production from what I understood. It was to develop the idea in order to take steps toward having something to go toward a manufacturing posture. Research + a model + prototype + a business plan based on the first 3 components = ready to seek to build out for production. A savings rather than using more debt in $4-500K would be enough for materials to finish a model and to at least get started on a proto. I agree with you Sho that it is very likely to see other $$ raised the same way as it becomes needed in the phases this evolves.
Everyone should read 16396 - great post Greenplus.
Right on Mikey. Posters can call me anything they like and probably have, I cannot see anything but potential here. And you said it right about the money spent etc. I am not rich either but think that an efficient fuel cell, if there is any chance it can come to market, can change my finances significantly.
Thanks for this post Sky, it puts things into perspective. And let's be fair here, we cannot know everything. If we do so does the competion to SYMW which would be bad business strategy.
You are right let's let this puppy grow.
We need to continue to realize it is a pink, but lets be patient none the less. We invested long in a pink - that is that.
Great post with some good food for thought. There are many variables that have an impact on SYMW. We just need to watch close for the next month or so. I agree that this has life in it yet.
Sho-Nuff hang in there, this is not over.
The one thing you should know Nutriman, is that I read, listen, and observe whatever I can. You are not suggesting people need to listen exclusively to you?
There are equally interesting gaps in favor of this stock and for anyone hanging on. The shorts don't mean anything other than what they are. I will not respond to any of this again.
I still hope that some of us are going to profit here. Pink = risk = potential loss or potentail gains. Someone is going to make an efficient fuel cell somewhere and I hope we are there.
Please sell the rest and then waste your energy elsewhere. Some people revel on bad news and negative scenarios, is that you?
You could be right about all this, this is a pink. The comment that came in that JD did some PR to shut everyone up is closer to reality, and that stirred a negative response along with someone doing some manipulating out there. Its too soon for everyone but you to bail. I'll hang on a bit longer and if you are right and I lost, more power to ya. I do hope you have a great day Nutriman.
Great post Mickey - as always! Let the ride begin.
Mickey it is great to see your posts again. I suggest to this group to not respond to Nutriphony.
Thanks Mickey for your insights once again.
Nutrinut, the "Business Plan" is not going to get posted in a PR. Your sharade here is over. Why wouuld a fellow team mate encourage selling for a $.0001 change after a positive PR unless you are up to something? Come on, either you are in or you are out - make up your mind.
Patience is truly a virtue, and good things come to those who wait! Go SYMW $1.872 ?????? :)