Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
SEIH - This link to DD & Trading posts I've made on SEIH the past week may be useful for you to determine if SEIH is a buy. SEIH has built a sustained rally and now has confirmed strength and a great set of legs going into Tuesday's open. The chart is beautiful.
http://www.tinyurl.com/6m4fl
Good Luck,
IvG
SEIH - This link to DD & Trading posts I've made on SEIH the past week may be useful for you to determine if SEIH is a buy. SEIH has built a sustained rally and now has confirmed strength and a great set of legs going into Tuesday's open. The chart is beautiful.
http://www.tinyurl.com/6m4fl
Good Luck,
IvG
SEIH - Learn about this very hot stock by checking out this collection of links to my posts on SEIH this past week. It has built a sustained rally and now has confirmed strength and a great set of legs going into Tuesday's open. The chart is eyepopping.
http://www.tinyurl.com/6m4fl
Good Luck,
IvG
MACH. With markets closed and a long weekend before us, it would be a good time to contact me.
IvG
Yes, of course, more than ever. It is going to show healthy gains. I've posted up to date DD on the MBAH DD page at DWB.
IvG
VICI - Sales appear imminent. Watch next week for PR. Turnaround with new management maximizing good product base. Already under heavy accumulation with rising volume and PPS increase.
IvG
VICI - Sales appear imminent. Watch next week for PR. Turnaround with new management maximizing good product base. Already under heavy accumulation with rising volume and PPS increase.
IvG
VICI - Sales appear imminent. Watch next week for PR. Turnaround with new management maximizing good product base. Already under heavy accumulation with rising volume and PPS increase.
IvG
Tracking MBAH
http://tinyurl.com/2hnkd
IvG
MBAH - To see what is possible, look at this 3 month chart. Note that it declined after the split. What is the split? Multiplying 2M+ shares x 10!! Only 20M+ and it started to decline. I would hardly call that dilution, but funny what an opportunity that decline created for us now.
O speak to me Nice Big Cup:
http://tinyurl.com/2scyw
IvG
MBAH - To see what is possible, look at this 3 month chart. Note that it declined after the split. What is the split? Multiplying 2M+ shares x 10!! Only 20M+ and it started to decline. I would hardly call that dilution, but funny what an opportunity that decline created for us now.
O speak to me Nice Big Cup:
http://tinyurl.com/2scyw
Spare me the one liner put downs about dragging my friends and unwitting players to their financial doom. I've posted extensive documentation every step of the way. Did you ever visit the company website, look over the charts or know they have millions in revenues and that MBAH is NOT a shell P&D? Probably not.
IvG
MBAH - Important. I've lined up new buyers for MBAH tomorrow. When I've told people not to hesitate before, sometimes they've listened, sometimes not. Well, there will be action on MBAH in the morning. Yes, it can definitely hit .10. That is my minimum target. And the best part is I see hitting 0.115 as the blue sky marker and that can happen with a big surge, so watch it closely before you think to sell too easily. There have been so many shakeouts just like I predicted, but the gains have been sustained and the base for the rally to continue is in place. I understand where this stock is coming from and have tracked it from before the breakout. It has MAJOR pop to it. Remember, alot of the 18M float is dried up. You say boo and any buying pressure moves it up easily. There are still MMs short and this time the chase will be intense. I said I lined up new buyers for the morning and I mean it. The early bird gets the worm. See you in the morning.
IvG
CONFIRMED on MBAH. I've lined up new buyers for MBAH tomorrow. When I've told people not to hesitate before, sometimes they've listened, sometimes not. Well, there will be action on MBAH in the morning. Yes, it can definitely hit .10. That is my minimum target. And the best part is I see hitting 0.115 as the blue sky marker and that can happen with a big surge, so watch it closely before you think to sell too easily. There have been so many shakeouts just like I predicted, but the gains have been sustained and the base for the rally to continue is in place. I understand where this stock is coming from and have tracked it from before the breakout. It has MAJOR pop to it. Remember, alot of the 18M float is dried up. You say boo and any buying pressure moves it up easily. There are still MMs short and this time the chase will be intense. I said I lined up new buyers for the morning and I mean it. The early bird gets the worm. See you in the morning.
IvG
MBAH: This is becoming very elementary and I'm glad I opened enough peoples' eyes to how this is playing out. The only thing any sellers are doing now is allowing the short MMs to cover their positions. As I said before, this stock was so frightfully undervalued under a penny that by the time it took off there was never going to be a chance for them to cover anywhere close to the prices at which they oversold shares. It won't come back down to those levels. It is still a cheap stock and everyone knows the recent prices and the 52 week high had this stock at 250-400% higher than it is now. Two things will happen that lets this continue on its way. First, buying pressure makes this hop. Once fence sitters see it has held Friday's gains and understand what is going on, there can be another wave of buying. It moves. Second, when the MMs are covered, nothing is there to hold it back and they can simply enjoy playing the spread again on the rally. Don't you think that other MMs who were not short are buying for the rally? They'll make very good profits selling on the way up. Look at the Level II now and you'll see the inventory once again is completely tapped out. I still think we can see real momentum going into the close. Anyone who starts buying now will see how it works.
IvG
MBAH: This is becoming very elementary and I'm glad I opened enough peoples' eyes to how this is playing out. The only thing any sellers are doing now is allowing the short MMs to cover their positions. As I said before, this stock was so frightfully undervalued under a penny that by the time it took off there was never going to be a chance for them to cover anywhere close to the prices at which they oversold shares. It won't come back down to those levels. It is still a cheap stock and everyone knows the recent prices and the 52 week high had this stock at 250-400% higher than it is now. Two things will happen that lets this continue on its way. First, buying pressure makes this hop. Once fence sitters see it has held Friday's gains and understand what is going on, there can be another wave of buying. It moves. Second, when the MMs are covered, nothing is there to hold it back and they can simply enjoy playing the spread again on the rally. Don't you think that other MMs who were not short are buying for the rally? They'll make very good profits selling on the way up. Look at the Level II now and you'll see the inventory once again is completely tapped out. I still think we can see real momentum going into the close. Anyone who starts buying now will see how it works.
IvG
P.S. I've posted the exact TA numbers before. The float is only half of the 35 OS, hence the great moving power on this stock. Traded more than its float already today once again.
MBAH - This should help explain why it can keep going up:
http://danceswithbulls.com/viewtopic.php?t=6111
IvG
MBAH Is Gassed Up For Monday
I've posted a Friday Recap on MBAH elsewhere. In that I gave some solid reasons why it is more than likely to continue going up. I didn't see anyone pumping it. It was just a great pick. It should continue to rally MUCH HIGHER. Here's why:
1. It simply is a tiny float that is dried up. You'll always see sellers at any level, but any buying pressure and it will continue to increase. The MMs are very reactive on this stock and it is completely in run-up mode. I explained that the MMs are short and this is turning into a very big squeeze play. You can choose to ignore that possibility, but I am sure this is true and they'd have to kill me if I told you why I know. But in my Friday Recap I handed it to you on a silver platter and spelled out why in a manner that can be readily deduced if the only thing you had been doing is watching the action from before the break out.
2. The exact same reason this stock rocketed in the first place is still intact, i.e. it was severely undervalued below a penny and that relative to its VERY RECENT historical prices it is still VERY low.
3. The company has revenues and real potential. Value hunters who missed the first leg up of the rally will realize it is still a bargain.
4. Friday was the first day of a big rally. With the volume involved, these rallies typically go much further than it has gone so far, particularly since there is enough substance to support further speculation. You should be able to expect MBAH to run hard at least into Wednesday. However, I would advise to not strictly apply a 3 day rally rule to this stock. It can go very high, so my advice is to only sell in smaller increments as it rise. You will also be facilitating the tight float and squeeze by doing so and also. By doing so you will easily recoup your initial principal and position yourself to maximize your profits which could be substantial.
5. This should be the first step in the rally as it climbs up the mountain. If you doubt it, go look at the historical prices and charts to see what happened to AGIS. It went to 0.70-0.80 very rapidly. I cannot say MBAH will go that high, but the ingredients are definitely in place for something very big. Anyone doing technical analysis on MBAH right now will see a freakishly bullish situation and if they know how to read the situation, they will be buying first thing Monday morning. If you want to make money, ride the momentum, don't fight it or second guess yourself because you think you missed the boat. I believe you have not as the MBAH rally is just starting.
With the CMKX effect kicking in this week, you'll see alot of money flow out of some of the other penny stocks in order to buy CMKX. Some stocks will be temporarily down. If it rallies like many now believe it will, you'll then see some of the profits from CMKX flow out again and traders will be loaded up and ready to bet on new rallies elsewhere. Based on what I see, I believe the two potential biggest gainers this week are CMKX and MBAH and I would have some money in both first thing Monday morning.
IvG
MBAH Is Gassed Up For Monday
I posted my reply on MBAH and why a comparison to IBZT and QBID was not applicable. I've posted a Friday Recap on MBAH elsewhere on this board. In that I gave some solid reasons why it is more than likely to continue going up. I didn't see anyone pumping it. It was just a great pick. It should continue to rally MUCH HIGHER. Here's why:
1. It simply is a tiny float that is dried up. You'll always see sellers at any level, but any buying pressure and it will continue to increase. The MMs are very reactive on this stock and it is completely in run-up mode. I explained that the MMs are short and this is turning into a very big squeeze play. You can choose to ignore that possibility, but I am sure this is true and they'd have to kill me if I told you why I know. But in my Friday Recap I handed it to you on a silver platter and spelled out why in a manner that can be readily deduced if the only thing you had been doing is watching the action from before the break out.
2. The exact same reason this stock rocketed in the first place is still intact, i.e. it was severely undervalued below a penny and that relative to its VERY RECENT historical prices it is still VERY low.
3. The company has revenues and real potential. Value hunters who missed the first leg up of the rally will realize it is still a bargain.
4. Friday was the first day of a big rally. With the volume involved, these rallies typically go much further than it has gone so far, particularly since there is enough substance to support further speculation. You should be able to expect MBAH to run hard at least into Wednesday. However, I would advise to not strictly apply a 3 day rally rule to this stock. It can go very high, so my advice is to only sell in smaller increments as it rise. You will also be facilitating the tight float and squeeze by doing so and also. By doing so you will easily recoup your initial principal and position yourself to maximize your profits which could be substantial.
5. This should be the first step in the rally as it climbs up the mountain. If you doubt it, go look at the historical prices and charts to see what happened to AGIS. It went to 0.70-0.80 very rapidly. I cannot say MBAH will go that high, but the ingredients are definitely in place for something very big. Anyone doing technical analysis on MBAH right now will see a freakishly bullish situation and if they know how to read the situation, they will be buying first thing Monday morning. If you want to make money, ride the momentum, don't fight it or second guess yourself because you think you missed the boat. I believe you have not as the MBAH rally is just starting.
With the CMKX effect kicking in this week, you'll see alot of money flow out of some of the other penny stocks in order to buy CMKX. Some stocks will be temporarily down. If it rallies like many now believe it will, you'll then see some of the profits from CMKX flow out again and traders will be loaded up and ready to bet on new rallies elsewhere. Based on what I see, I believe the two potential biggest gainers this week are CMKX and MBAH and I would have some money in both first thing Monday morning.
IvG
MBAH Friday Market Recap
The price kept going up during the day and closed strong. Placing a reasonable valuation of the stock may be tricky, but the key point first is MBAH was coming off of an acutely low 52 week bottom relative to its quite recent price. The company has not been a PR pumping outfit, so the stock probably flew under everyones' radars for so long that any remaining shareholders in it finally dumped during the decline.
Technically speaking, a correction was certainly in order. When I saw this stock just 3 days ago, I realized I was looking at a classic hard core sub-penny trend reversal capable of massive percentage gains. MBAH really struck me as inherently undervalued which in turn would support the sustained interest necessary for a rally. They do report revenues. The balance sheet is imperfect, but they remain viable. The PR did communicate what may have been possible to substantiate independently via DD, i.e. that they are capable of achieving even broader exposure for their insurance products in the near future through the distribution channel of a major US insurance company. I'm not swearing on a stack of bibles this is the greatest company in the world, but that there is definitely some substance to work with which is significant unto itself.
Many sub-pennies have dwelled in their basements for long periods of time. Here was an active company that had not previously issued much in the way PRs and had perhaps dwindled due to sheer obscurity. Seeing their existing revenue stream may grow now combined with the very recent prices of 0.15+ in 2004 and a 52 week high of 0.28 made it look extremely undervalued to me. It may even have a true valuation of 0.10-0.20, but with forward looking potential, the market may assign an even higher value. So I saw this had the markings of an undiscovered gem capable of really moving and it would not linger below one cent but for a brief moment in time.
The action on MBAH's stock shows a number of possible aspects in play:
It is certainly a momentum play now, so you can take it for granted that the massive volume (3x float today) almost guarantees active trading next week. Weekend researchers viewing volume and price gain lists and board posters will practically ensure every OTC trader and investor knows of MBAH by Monday Due to the reasons cited above, many will realize the continued potential for a stupendous rally is still intact with MBAH.
I believe the low float plus a surge in buying interest by early adopters and quick follow ups by percentage gain chasers may have surprised some key MMs with the strength of the move. Some MMs may have even expected a move, but were not necessarily prepared for the velocity of it.
When I started buying at 0.0065, one of the other primary indicators that excited me was that the Bid/Ask was populated by NITE, SCHB, HILL and BAMM, heavyweight MMs. This indicated (to me at least) they may be ready for some action. They would fill my orders, but only after five minute pauses. They were gauging the situation having already pegged this stock for a runner. But they were hedging on their fills and took some time executing orders before they let it move to 0.07, then 0.074 & 0.078. By that point they started to let go and buying really kept pouring in. After a couple of days of approx. 9M volume, the buying today took off on the gap up from yesterday's strong close.
Those factors I identified as the perfect rally ingredients in MBAH may or may not have been as fully appraised by the MMs, but with the float as low as it is the MMs I mentioned were most likely already gearing up for having a nice profitable rally with MBAH. Then buying pressure increased and other smaller MMs starting playing the bid & ask. This is what sometimes trips up the bigger MMs who may try to control a stock and smaller MMs work independent of any coordinated MM influence. If they at all oversold shares not in their inventory, then the other MMs can actually push the situation out of the bigger ones' hands by making the market and pocketing the spread as the stock rises. Then it was game on and the ensuing results we saw today.
It is open to speculation whether MMs actually cover their oversold positions (and they do oversell, that's a fact Jack) within the mandated 3 day settlement period. If they do, then you have a short squeeze and you will see them shake this like a yo-yo Monday through Wednesday. If they do try to tank it and buying pressure facilitated by other MMs crushes such efforts, the squeeze can be severe if they have not already covered. If they choose to wait longer to cover their positions, they'll probably let it run to the moon first then try to bring it down harder on the retrace if they can. But we all know that is a calculated risk they'll have to decide on since MBAH was so intrinsically undervalued coming off of its 52 week low that it may be hard to bring it back down anywhere near the several penny level again once it breaks .15-.20 and beyond.
Based on my call to TA and the share count figures provided above, you may rightly assume the recent issuance of shares would mean either:
1. The company knows it was undervalued and expects improvements in their business will sustain much higher prices soon so they wanted to make sure shares were in the coffers to sell into the market. This is not a negative relative to the share count if they do succeed in selling at anywhere from 0.10 to 1.00 since that could provide capital financing (if it goes to the company's bottom line) without taking on toxic financing arrangements.
2. The more cynical assumption was they will profit personally from selling those shares after releasing a PR when the stock was due for a rebound.
3. A combination of both 1. & 2. above.
4. Importantly, it added liquidity to the stock subsequently allowing the market cap to achieve a better valuation. They say they had a miniscule OS before of around 2M. After seeing the stock tank to nothing, it would be necessary to protect the company from a dime store buyout by increasing their share count and market cap. This makes perfect business sense. The current authorized share issuable is still only 80M, so dilution is not even a negative for shareholders now and was probably an absolute necessity for the company's survival. It is still low and the market cap at 0.0065 was still a ridiculous $233,303. After the 0.06 close today, it is still a tiny $2,153,571. Peanuts. So other investors will see this and if they think the company has any potential at all, they will think the market cap could and probably should be many times higher than it is now. We know this and the company knew this, so it was good they increased their still small outstanding share count (and low float with about 50% apparently held by insiders) and particularly because it allows for the liquidity and volume we are seeing. Volume is presently a MBAH shareholder's friend and a trader's dream, so you can expect more action here.
5. Even if they already sold or will sell the recent 10M shares into the market it is still a low float with a tiny market cap. That 10M was not or will not be a factor with this kind of buying interest and volume.
It should be very exciting next week.
MBA Holdings Inc. Signs Agreement with Old Republic Insurance Co.
http://tinyurl.com/37vhh
http://www.mbadirect.com/
M BAH as of 6/04/04
Directly from Transfer Agent
Shares Outstanding
35,892,850
Restricted 17,470,210
Trading 18,422,640
10M Issued May 27th
80,000,000 Authorized
shares increased by 10 for 1 split, Ex-Date: 2004-04-05
(Yes, originally about 2M OS, forward split + 10M = current OS)
Cheers,
IvG
Confirmed: AFRT rally begins now. Big buyers are showing up.
IvG
MBAH is in a short squeeze. MMs oversold too cheap and are now in the process of covering. I already thought this would hit 0.10 on historical price patterns and revived company potential alone, but this short squeeze now makes me feel this is a major continuing gapper from here.
IvG
OT: Rocket Alert - MBAH
This is not done by any means. The float is tight. The share price is still much too low as it is. This is going to keep running.
MBA Holdings Inc. Signs Agreement with Old Republic Insurance Co.
http://tinyurl.com/37vhh
http://www.mbadirect.com/
MBAH as of 6/04/04
Directly from Transfer Agent
Shares Outstanding
35,892,850
Restricted 17,470,210
Trading 18,422,640
10M Issued May 27th
80,000,000 Authorized
shares increased by 10 for 1 split, Ex-Date: 2004-04-05
(Yes, originally about 2M OS, forward split + 10M = current OS)
I started buying at 0.0065 at 52 week low bottom. 52 week high was 0.28. This is a perfect boomerang. Company has revenues. Not perfect financials, but evidently solvent and news shows new ability to sell vehicle insurance through major insurance network.
Based on former prices and potentially strong fundamentals, the share price should be able to recover its valuation in the 0.10-0.20 range.
IvG
WNMI - Recent Share Price & Eventual Rise
First, I believe WNMI has a better shot at becoming a highly successful company than most companies on the OTC and that, if I am right about that, an eventual market cap of hundreds of millions will more than adequately support a vastly higher PPS even with a higher share count. But anyone who believes this company can be a major hit will have already digested the powerful synergies this company is pursuing.
WNMI's business plan clearly intends to leverage a savvy take on our contemporary popular culture's obsession with celebrity and material trappings with a media driven organization vertically integrating brand building with agency representation, media packaging, couture and product development in ways few companies have done to date. The Warning! brand name is a simple and unbelievably brilliant logo and it could become a very, very valuable asset in and of itself just for its licensing possibilities alone. Warning! is a potential conglomerate with great earnings power in the making. And it is already a very active enterprise, not a "potentially" real OTC company (i.e., see Malia Jones Coke ad placement, Faking It, Gumball Rally, etc.). Paris will just add more juice, but she is not even the make or break factor in this company's future at all.
Second, and the primary point of this message, is that I am absolutely convinced the trading behavior of WNMI's stock has everything to do with WNMI being oversold by MMs selling without actual inventory on hand and they have done so at depressed price levels for reasons I'll explain.
Different brokerages reflect different permutations of their streamer data display. Ameritrade, in particular is showing the actual block sizes going through, but the buys are often registered in the Quote Trend as sales in Red, not buys in Green. With Ameritrade being as influential broker in the penny stock market as it is, this alone has a disproportionately large effect on the perceptions of the retail trading community.
These inaccuracies in WNMI's case has been going on for at least the past six weeks I have been actively watching it trade. Anyone who dismisses the idea of MM manipulation is obviously not watching the scenario that has been unfolding with WNMI. No, it is NOT a myth, so don't kid yourself if you want to call it paranoid conjecture. It most certainly is not. There have been numerous days where buys heavily outweighed sells and it often has not shown up that way. There are numerous ways to dissect how MMs effect the appearance of trading activity, but I will stick to the central premise of their overselling WNMI.
The inconguities in the buy/sell reporting also explains in part the 30-40M volume days that has often been racked up with WNMI. You can rightly assume part of this is an aspect of some MMs working together to create churn by trading shares (reflected in matching block sizes among other things). But it is also that they have been overselling shares they do not have, also artificially boosting the volume much of the time in the process.
Today, the volume was MUCH LOWER than previously, precisely when it SHOULD HAVE BEEN HIGHER. Today's news was very significant in terms of Warning!'s pending public awareness campaign and brand building efforts. Part of my knowledge is based on my observations after already holding a large position in WNMI for some time. Plus, I received further confirmation today when I found the price extremely attractive after the news was released and decided to add more.
During the afternoon I added another 1.5M shares to my position in WNMI. The MMs would pause for minutes at a time, then fill my multiple orders (only one partial fill the whole time) sold to me in many 100K+ share blocks. I first added at 0.0175, then 0.0166, then 0.0165. We're talking about a dozen buys sizeable enough to witness the handling of the transactions as they were effected.
The block sizes were accurately accounted for, but it was interesting to see during the periods in which I kept applying considerable buying pressure, Ameritrade's Quote Trend showed only a solid column of Red Sells. This has often been the case. You can rest assured that for at least 6 weeks, but likely longer, the MMs have often skewed actual retail buys to appear as sells. That is not even taking account their ability to trade between each other to create the appearance of selling pressure which also happens. The brief moments the price would drop to the bid (for instance, I'd buy at the Ask of 0.0165, then it would go back to the Bid price of 0.0155 or 0.016), it would then snap back to the Ask repeatedly. It was not just me buying. There were others.
Today's buying pressure ultimately prevented the MMs from dropping the price as easily as they have done with their recent shakeouts and I think there was very little consistent or significant retail selling of big blocks going on at the Bid today at all. I know for a FACT that there are many others besides myself holding big positions who are NOT selling. And just watching the trading absolutely confirms there has often been massive accumulation going on for more than a month.
Go find one of my few posts on this board as Investorgation and you will see that I identified this massive accumulation and blocks on the Ask by the MMs going on many weeks ago. The only thing I underestimated was the tenacity of the MMs and the severity of the situation. That it has persisted for another month just convinces me the MMs responsible for shorting this stock have dug themselves into a very serious hole:
http://ragingbull.lycos.com/mboard/boards.cgi?board=WNMI&read=9835
http://ragingbull.lycos.com/mboard/boards.cgi?board=WNMI&read=10097
The volume would have been MUCH higher today if they had uncorked it and let run the rally obviously trying to happen. If they had, traders and investors seeing WNMI start to move and feeling the train was leaving the station would have started piling into WNMI in increasing numbers. Everyone knows it happens that way all the time. You would seen even greater buying pressure start to kick in. But the MMs kept it down as much as possible, only having to sell to those like myself who know what they are up to & who know this train WILL leave the station & that this IS the price to keep buying at.
I am convinced the MMs are definitely selling shares they do not have. I've been increasingly aware of this discrepancy in the trading of WNMI for these past 6 weeks I've watched this stock. I have marvelled at how often WNMI was blocked at the Ask to squelch a rally. This MM control has only infrequently and briefly been breached due to extra strong investor buying pressure since the run out of the sub-penny range. But then they have shaked it back down before a larger gain could be sustained and higher base prices established. I've seen it happening here over and over again. That leads to the questions:
If the MMs are selling without inventory, then why would they not do it at even higher prices?
In other words, if the buying pressure was so clearly there today and on other days, why would the MMs not take advantage of selling at even higher prices and let the price go up?
The answer is that the MMs may not have originally believed or known that WNMI was going to be as big a deal as I am almost certainly think it is going to be. Their hedge now is to at least cap the price as they have been doing, currently at below 2 cents, in the hopes WNMI will eventually lose gas on their shake outs and then go down back to earlier levels. Then they assume they can buy back shares from investors to cover at a lower price than the MM sold shares for and balance their books at a profit or at least at a minimial loss by comparison to what they could lose if they let WNMI run higher from the current price.
Since they almost certainly started doling out shares they didn't have during the big breakout from below a penny, it is my conviction they are already under water for many of those uncovered shares at a current loss on a percentage basis of as much as 100% or more. This explains their rabidness and constant attempts to block the stock. They most definitely did everything they could the past two weeks to try and drop WNMI below a penny again and have repeatedly failed.
They may actually be arrogant enough to believe they can force WNMI back to its prior sub-penny prices, BUT THEY WON'T. Mostly, I think they are damned worried and about to get desperate if they are not already. While they may have miscalculated about the potential value of this stock earlier, now they most likely really do know what WNMI can become: a stock with monstrous rallies. So they are going to do their best to hold it back as long as they can, trying to beat it back to cover their positions.
I think they are about to get seriously tripped up by their earlier misapprehension of WNMI's future valuation. The runs we should have had already will be juiced now by what could become a very serious short squeeze situation. When people mention short squeezes some think it is fantasy. Forget about it. It can definitely happen.
If the MMs are now totally hip to WNMI's potential, and I think they definitely are, there is probably going to be one classic day where recurring waves of buying pressure overwhelms them and they will break ranks (because some of them have worked together). Then some MMs will simply make the market and buy and sell real shares while the short MMs will start to scramble. Then the short MMs will have to participate in the market and pay the going rate, just like the rest of us during such a rally.
Our friend UCAP could lose millions of dollars if those shares they've been selling were not supplied by S-8 shareholders. I now believe much or most of their sells to investors were NOT from actual inventory. As a MM, UCAP really appears they may be a very reckless opportunist that will see their nonchalance backfire on them. The irony is that they may be in such a big pickle that they are sitting on the Ask selling even more shares they don't have in the hopes their continual efforts to block the share price from rising will eventually exhaust buyer demand and investors will throw in the towel in disgust.
Why, you may ask, would UCAP keep selling shares they don't have if they are already potentially so deep in the hole? Well, I think I just explained it. They're probably quite desperate now and are taking a big gamble they can tough it out long enough to reverse investor sentiment and tank the stock. Not a good bet when you're dealing with a company on the move like Warning! and I think, if they are continuing to short WNMI, it is not going to work out well for them at all.
Also, I've seen UCAP briefly switch to the Bid, then hop back on the Ask. Why? They may actually be buying some shares to fuel their above-described misguided effort to tank the stock. If they feel they are on the edge, they may be willing to actually pay for a few shares as part of their campaign to tank the stock to cover at lower prices. So they buy them in order to bring them back to the Ask to sell.
Plus, doing so briefly gives UCAP the appearance of actually performing some kind of legitimate market making function and not appear as only a virtual share selling machine. So if they sometimes buy some shares too, they don't have to only sell virtual shares that dig them deeper into the hole during their desperate selling campaign. And the further irony is they may be buying from other MMs to do so, which would be just one more artificial buy-sell transaction adding to the volume.
I thought WNMI could be a blockbuster stock already. Now I think we may see much higher prices earlier than I was prepared for. With the Gumball Rally soon to provide MASSIVE exposure of the Warning! brand name on MTV, ET, and in the print media, this stock only has 5 weeks max before this showdown between the delinquent MMs and the investing public about to overwhelm them with buying surges too big to hold back. But this stock has been itching to break for so long now that I don't think it will be that long.
Besides, it is totally reasonable to expect WNMI will have OTHER news to report as well, besides updates on the rally before the race kicks off in early June. WNMI is going to have some very big runs. If you think you know penny stocks and don't already realize WNMI is going to run, get with the program. Bashing this stock at these prices is for jokers only. Now I think there will be a big short squeeze adding fuel to the fires that have been burning and will burn harder because Warning! is going to be a hot company with a growing investor following.
There is one final point to consider. With MMs selling shares they don't have, that means shareholders hold MORE shares than the actual OS. That, for one, has done a great deal to depress the share price asides from the MMs who block the rallies. It should be at 0.05-0.10 by now, at least. But that should not alarm anyone. The ultimate point of this discourse, and the beauty of how the resolution will tie this all together, is that when the MMs are forced to buy back shares during the impending short squeeze:
1. They will become the most aggressive buyers of all. Once the jig is up and they have no choice but to start paying higher prices in fears it will become much more expensive very quickly, they will pile in or risk losing their shirts even more if the wait to buy. There is a tipping point in this scenario where the MMs simply know the tide has turned and they lost their battle. By waiting and hoping it will retrace back to prior levels, they risk incurring what I now expect would be millions of dollars more in losses if they wait any longer to buy back shares. With a stock of this potential magnitude, they will not be able to hide from the SEC if they don't cover their naked short positions. The short MMs will have NO CHOICE but to pay up. That's why you should not misinterpret the trading data and realize this is coming and not sell your shares too cavalierly.
2. The MMs will then have to retire those shares. I think it is likely they have oversold their non-existent shares in the hundreds of millions. I am not randomly speculating. There have been vastly more buys than sells. You could document it for the SEC if you want to, but just think about it. With tens of millions of shares routinely traded daily and multiples of the float traded over the past 2 months plus obvious long positions being taken during accumulation, there should be a minimum of 100 million shares that have been sold short. I think it is more.
3. Then, the beauty part, your shares will be able to find a truer valuation reflective of actual market forces and actual supply & demand. The stock will trade more accurately with the ACTUAL FLOAT in circulation. That means the share price will support much higher base prices when it goes up and it will.
4. And there will be more than enough traders who will sell out to allow the MMs to cover. And the longs will then have their holding's value restored in relation to the true share count. This is why you don't have to worry now about all of us holding more than the actual OS. It is to your advantage to hold until the squeeze causes the share count to be reconciled.
5. Once that happens, the MMs will not be so ready to mess with WNMI stock. Once burned, twice shy. They'll take their shorting shenanigans to another penny stock they think they can toy with. WNMI will become too valuable for them to take it lightly again. They didn't realize that when it was a sub-penny, but they do now. And they are going to get burned. If the losses are serious enough, it can actually damage a smaller MMs business. If they are vain enough to ever attempt to again oversell shares of WNMI they don't have, it will be at considerably higher prices and thus much more modest in terms of shares overextended on their books.
6. Finally, this reconciliation of shares and restoration of the actual float size will add to investor confidence that the stock can actually trade better. Some may have held back from purchasing shares recently since they were worried the stock was incapable of going higher. Well, I just explained why it has not gone up more and now you know that when it does it will likely go up even more during a big breakout. Blue skies will become very possible both because Warning! looks like a hot property and because the short squeeze will drive the rally harder. But, most importantly, as a stock, once the shackles of the shorting MMs are removed and the artificial dilution is resolved as a result, then it will simply be a healthier stock that trades more accurately in relationship to actual market demand.
I'll keep adding shares, especially if the MMs keep doing me the favor of putting a short lived chokehold on this firecracker. This could be one of the biggest gainers of the year, so don't underestimate what you've got here. This message is my contribution to WNMI shareholders so those who feel discouraged realize there is an explanation for the current depressed price and that their time will come. WNMI stock could become very valuable. Patient and strong hands will be the big winners here.
Good Luck,
IvG
First, I believe WNMI has a better shot at becoming a highly successful company than most companies on the OTC and that, if I am right about that, an eventual market cap of hundreds of millions will more than adequately support a vastly higher PPS even with a higher share count. But anyone who believes this company can be a major hit will have already digested the powerful synergies this company is pursuing.
WNMI's business plan clearly intends to leverage a savvy take on our contemporary popular culture's obsession with celebrity and material trappings with a media driven organization vertically integrating brand building with agency representation, media packaging, couture and product development in ways few companies have done to date. The Warning! brand name is a simple and unbelievably brilliant logo and it could become a very, very valuable asset in and of itself just for its licensing possibilities alone. Warning! is a potential conglomerate with great earnings power in the making. And it is already a very active enterprise, not a "potentially" real OTC company (i.e., see Malia Jones Coke ad placement, Faking It, Gumball Rally, etc.). Paris will just add more juice, but she is not even the make or break factor in this company's future at all.
Second, and the primary point of this message, is that I am absolutely convinced the trading behavior of WNMI's stock has everything to do with WNMI being oversold by MMs selling without actual inventory on hand and they have done so at depressed price levels for reasons I'll explain.
Different brokerages reflect different permutations of their streamer data display. Ameritrade, in particular is showing the actual block sizes going through, but the buys are often registered in the Quote Trend as sales in Red, not buys in Green. With Ameritrade being as influential broker in the penny stock market as it is, this alone has a disproportionately large effect on the perceptions of the retail trading community.
These inaccuracies in WNMI's case has been going on for at least the past six weeks I have been actively watching it trade. Anyone who dismisses the idea of MM manipulation is obviously not watching the scenario that has been unfolding with WNMI. No, it is NOT a myth, so don't kid yourself if you want to call it paranoid conjecture. It most certainly is not. There have been numerous days where buys heavily outweighed sells and it often has not shown up that way. There are numerous ways to dissect how MMs effect the appearance of trading activity, but I will stick to the central premise of their overselling WNMI.
The inconguities in the buy/sell reporting also explains in part the 30-40M volume days that has often been racked up with WNMI. You can rightly assume part of this is an aspect of some MMs working together to create churn by trading shares (reflected in matching block sizes among other things). But it is also that they have been overselling shares they do not have, also artificially boosting the volume much of the time in the process.
Today, the volume was MUCH LOWER than previously, precisely when it SHOULD HAVE BEEN HIGHER. Today's news was very significant in terms of Warning!'s pending public awareness campaign and brand building efforts. Part of my knowledge is based on my observations after already holding a large position in WNMI for some time. Plus, I received further confirmation today when I found the price extremely attractive after the news was released and decided to add more.
During the afternoon I added another 1.5M shares to my position in WNMI. The MMs would pause for minutes at a time, then fill my multiple orders (only one partial fill the whole time) sold to me in many 100K+ share blocks. I first added at 0.0175, then 0.0166, then 0.0165. We're talking about a dozen buys sizeable enough to witness the handling of the transactions as they were effected.
The block sizes were accurately accounted for, but it was interesting to see during the periods in which I kept applying considerable buying pressure, Ameritrade's Quote Trend showed only a solid column of Red Sells. This has often been the case. You can rest assured that for at least 6 weeks, but likely longer, the MMs have often skewed actual retail buys to appear as sells. That is not even taking account their ability to trade between each other to create the appearance of selling pressure which also happens. The brief moments the price would drop to the bid (for instance, I'd buy at the Ask of 0.0165, then it would go back to the Bid price of 0.0155 or 0.016), it would then snap back to the Ask repeatedly. It was not just me buying. There were others.
Today's buying pressure ultimately prevented the MMs from dropping the price as easily as they have done with their recent shakeouts and I think there was very little consistent or significant retail selling of big blocks going on at the Bid today at all. I know for a FACT that there are many others besides myself holding big positions who are NOT selling. And just watching the trading absolutely confirms there has often been massive accumulation going on for more than a month.
Go find one of my few posts on this board as Investorgation and you will see that I identified this massive accumulation and blocks on the Ask by the MMs going on many weeks ago. The only thing I underestimated was the tenacity of the MMs and the severity of the situation. That it has persisted for another month just convinces me the MMs responsible for shorting this stock have dug themselves into a very serious hole:
http://ragingbull.lycos.com/mboard/boards.cgi?board=WNMI&read=9835
http://ragingbull.lycos.com/mboard/boards.cgi?board=WNMI&read=10097
The volume would have been MUCH higher today if they had uncorked it and let run the rally obviously trying to happen. If they had, traders and investors seeing WNMI start to move and feeling the train was leaving the station would have started piling into WNMI in increasing numbers. Everyone knows it happens that way all the time. You would seen even greater buying pressure start to kick in. But the MMs kept it down as much as possible, only having to sell to those like myself who know what they are up to & who know this train WILL leave the station & that this IS the price to keep buying at.
I am convinced the MMs are definitely selling shares they do not have. I've been increasingly aware of this discrepancy in the trading of WNMI for these past 6 weeks I've watched this stock. I have marvelled at how often WNMI was blocked at the Ask to squelch a rally. This MM control has only infrequently and briefly been breached due to extra strong investor buying pressure since the run out of the sub-penny range. But then they have shaked it back down before a larger gain could be sustained and higher base prices established. I've seen it happening here over and over again. That leads to the questions:
If the MMs are selling without inventory, then why would they not do it at even higher prices?
In other words, if the buying pressure was so clearly there today and on other days, why would the MMs not take advantage of selling at even higher prices and let the price go up?
The answer is that the MMs may not have originally believed or known that WNMI was going to be as big a deal as I am almost certainly think it is going to be. Their hedge now is to at least cap the price as they have been doing, currently at below 2 cents, in the hopes WNMI will eventually lose gas on their shake outs and then go down back to earlier levels. Then they assume they can buy back shares from investors to cover at a lower price than the MM sold shares for and balance their books at a profit or at least at a minimial loss by comparison to what they could lose if they let WNMI run higher from the current price.
Since they almost certainly started doling out shares they didn't have during the big breakout from below a penny, it is my conviction they are already under water for many of those uncovered shares at a current loss on a percentage basis of as much as 100% or more. This explains their rabidness and constant attempts to block the stock. They most definitely did everything they could the past two weeks to try and drop WNMI below a penny again and have repeatedly failed.
They may actually be arrogant enough to believe they can force WNMI back to its prior sub-penny prices, BUT THEY WON'T. Mostly, I think they are damned worried and about to get desperate if they are not already. While they may have miscalculated about the potential value of this stock earlier, now they most likely really do know what WNMI can become: a stock with monstrous rallies. So they are going to do their best to hold it back as long as they can, trying to beat it back to cover their positions.
I think they are about to get seriously tripped up by their earlier misapprehension of WNMI's future valuation. The runs we should have had already will be juiced now by what could become a very serious short squeeze situation. When people mention short squeezes some think it is fantasy. Forget about it. It can definitely happen.
If the MMs are now totally hip to WNMI's potential, and I think they definitely are, there is probably going to be one classic day where recurring waves of buying pressure overwhelms them and they will break ranks (because some of them have worked together). Then some MMs will simply make the market and buy and sell real shares while the short MMs will start to scramble. Then the short MMs will have to participate in the market and pay the going rate, just like the rest of us during such a rally.
Our friend UCAP could lose millions of dollars if those shares they've been selling were not supplied by S-8 shareholders. I now believe much or most of their sells to investors were NOT from actual inventory. As a MM, UCAP really appears they may be a very reckless opportunist that will see their nonchalance backfire on them. The irony is that they may be in such a big pickle that they are sitting on the Ask selling even more shares they don't have in the hopes their continual efforts to block the share price from rising will eventually exhaust buyer demand and investors will throw in the towel in disgust.
Why, you may ask, would UCAP keep selling shares they don't have if they are already potentially so deep in the hole? Well, I think I just explained it. They're probably quite desperate now and are taking a big gamble they can tough it out long enough to reverse investor sentiment and tank the stock. Not a good bet when you're dealing with a company on the move like Warning! and I think, if they are continuing to short WNMI, it is not going to work out well for them at all.
Also, I've seen UCAP briefly switch to the Bid, then hop back on the Ask. Why? They may actually be buying some shares to fuel their above-described misguided effort to tank the stock. If they feel they are on the edge, they may be willing to actually pay for a few shares as part of their campaign to tank the stock to cover at lower prices. So they buy them in order to bring them back to the Ask to sell.
Plus, doing so briefly gives UCAP the appearance of actually performing some kind of legitimate market making function and not appear as only a virtual share selling machine. So if they sometimes buy some shares too, they don't have to only sell virtual shares that dig them deeper into the hole during their desperate selling campaign. And the further irony is they may be buying from other MMs to do so, which would be just one more artificial buy-sell transaction adding to the volume.
I thought WNMI could be a blockbuster stock already. Now I think we may see much higher prices earlier than I was prepared for. With the Gumball Rally soon to provide MASSIVE exposure of the Warning! brand name on MTV, ET, and in the print media, this stock only has 5 weeks max before this showdown between the delinquent MMs and the investing public about to overwhelm them with buying surges too big to hold back. But this stock has been itching to break for so long now that I don't think it will be that long.
Besides, it is totally reasonable to expect WNMI will have OTHER news to report as well, besides updates on the rally before the race kicks off in early June. WNMI is going to have some very big runs. If you think you know penny stocks and don't already realize WNMI is going to run, get with the program. Bashing this stock at these prices is for jokers only. Now I think there will be a big short squeeze adding fuel to the fires that have been burning and will burn harder because Warning! is going to be a hot company with a growing investor following.
There is one final point to consider. With MMs selling shares they don't have, that means shareholders hold MORE shares than the actual OS. That, for one, has done a great deal to depress the share price asides from the MMs who block the rallies. It should be at 0.05-0.10 by now, at least. But that should not alarm anyone. The ultimate point of this discourse, and the beauty of how the resolution will tie this all together, is that when the MMs are forced to buy back shares during the impending short squeeze:
1. They will become the most aggressive buyers of all. Once the jig is up and they have no choice but to start paying higher prices in fears it will become much more expensive very quickly, they will pile in or risk losing their shirts even more if the wait to buy. There is a tipping point in this scenario where the MMs simply know the tide has turned and they lost their battle. By waiting and hoping it will retrace back to prior levels, they risk incurring what I now expect would be millions of dollars more in losses if they wait any longer to buy back shares. With a stock of this potential magnitude, they will not be able to hide from the SEC if they don't cover their naked short positions. The short MMs will have NO CHOICE but to pay up. That's why you should not misinterpret the trading data and realize this is coming and not sell your shares too cavalierly.
2. The MMs will then have to retire those shares. I think it is likely they have oversold their non-existent shares in the hundreds of millions. I am not randomly speculating. There have been vastly more buys than sells. You could document it for the SEC if you want to, but just think about it. With tens of millions of shares routinely traded daily and multiples of the float traded over the past 2 months plus obvious long positions being taken during accumulation, there should be a minimum of 100 million shares that have been sold short. I think it is more.
3. Then, the beauty part, your shares will be able to find a truer valuation reflective of actual market forces and actual supply & demand. The stock will trade more accurately with the ACTUAL FLOAT in circulation. That means the share price will support much higher base prices when it goes up and it will.
4. And there will be more than enough traders who will sell out to allow the MMs to cover. And the longs will then have their holding's value restored in relation to the true share count. This is why you don't have to worry now about all of us holding more than the actual OS. It is to your advantage to hold until the squeeze causes the share count to be reconciled.
5. Once that happens, the MMs will not be so ready to mess with WNMI stock. Once burned, twice shy. They'll take their shorting shenanigans to another penny stock they think they can toy with. WNMI will become too valuable for them to take it lightly again. They didn't realize that when it was a sub-penny, but they do now. And they are going to get burned. If the losses are serious enough, it can actually damage a smaller MMs business. If they are vain enough to ever attempt to again oversell shares of WNMI they don't have, it will be at considerably higher prices and thus much more modest in terms of shares overextended on their books.
6. Finally, this reconciliation of shares and restoration of the actual float size will add to investor confidence that the stock can actually trade better. Some may have held back from purchasing shares recently since they were worried the stock was incapable of going higher. Well, I just explained why it has not gone up more and now you know that when it does it will likely go up even more during a big breakout. Blue skies will become very possible both because Warning! looks like a hot property and because the short squeeze will drive the rally harder. But, most importantly, as a stock, once the shackles of the shorting MMs are removed and the artificial dilution is resolved as a result, then it will simply be a healthier stock that trades more accurately in relationship to actual market demand.
I'll keep adding shares, especially if the MMs keep doing me the favor of putting a short lived chokehold on this firecracker. This could be one of the biggest gainers of the year, so don't underestimate what you've got here. This message is my contribution to WNMI shareholders so those who feel discouraged realize there is an explanation for the current depressed price and that their time will come. WNMI stock could become very valuable. Patient and strong hands will be the big winners here.
Good Luck,
IvG
JRVR News! Good stuff. Watch it move. The float is shot. I and others have provided plenty of DD on RB JRVR board.
http://biz.yahoo.com/bw/040414/145189_1.html
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=3309
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2951
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=3447
IvG
JRVR News! Good stuff. Watch it move. The float is shot. I and others have provided plenty of DD on RB JRVR board.
http://biz.yahoo.com/bw/040414/145189_1.html
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=3309
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2951
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=3447
IvG
JRVR Recap
Key Points from my contact with The Jackson Rivers Company:
1. Newly hired PR firm becomes active this week.
2. PRs will be issued.
3. Investor newsletter will be produced.
4. JRVR is working on new negotiations and good news was hoped to be reported by the company earlier, but there are still details to be worked out. They do not want to issue fluff PRs or confirm new developments prematurely. This seems like a legitimate response as it is often true everything takes longer than you want it to, while it indicates they are active and probably meeting with potential new clients and business partners.
5. STEPS rights are owned for the US, Canada & Mexico.
6. STEPS vendor relationships are being working on for the US & Canada.
7. JRVR is convinced there is no software product comparable to STEPS currently available. They believe it really does offer a level of customizatizable modular features suitable for modification purposes by smaller enterprises and there is no product out there that is as readily integrated for modest sized ERP/CRM solutions.
They seemed pretty confident of STEPS' uniqueness and said it has been demo'ed for many experienced consultancies to very postive feedback. What I underestimated is their feeling STEPS is scalable to bigger enterprise business models and may be competitive for the larger company market as well.
My take on that is since it is based on a MySQL database, that it will not be going head to head with other major companies with their own proprietary database platforms like Oracle and will have to go after smaller companies not yet heavily over-invested in a commitment to a specific database.
I am thinking it may be a very good replacement of Access based database operations in smaller businesses, which is a supportable presumption since STEPS is functional in either a Windows or Linux OS environment. Since it is functional with the open source Linux OS and is coded from the bottom up using Java and MySQL open source coding, they may actually be onto to something significant as there is a definite migration to Linux based software solutions, either by smaller, more independent minded companies and also by government agencies in many parts of the world. This is part of a real trend where major government decisions on national software initiatives and infrastructure are being made to bypass Windows and commit to Linux instead. That cuts to the issue of whether global rights are available and can be secured, but I did not ask that question.
8. I hypothesized earlier the probable need for customization would likely be required by clients on each individual basis. However, from the sounds of what I was told, they are pretty certain it is a robust and feature intensive enough product to actually be implemented using its existing administative settings and option sets. In which case, the solutions provider's main responsibility would be guiding the client through the installation choices available, training and support. For further review of my earlier post on STEPS, please read my post:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2951
To review the Jackson Rivers summary of STEPs on their website, go to:
http://www.tinyurl.com/yts3c
For further analysis, read my prior post on STEPS:
http://www.tinyurl.com/2twyh
9. There will be available a web interface for clients to connect to their STEPS installation. This is essential for the product to be considered competitive and a contemporary piece of software.
10. Company has already considered offering demo capability in the future of a pre-configured STEPS presentation via their website.
11. They have a small team of programmers hired on a consultancy basis currently fully dedicated to refining the development of STEPS.
12. JRVR will be keeping the budget lean via outsourcing and solutions provider relationships which is the standard model for startup B2B software solutions companies. This means JRVR principals can pitch the product & secure the sale and that the solutions providers will integrate, maintain and train clients in the use of STEPS. This is also standard operating procedure. This is a typical licensing model and will generate annualized returns from clients who renew their software license contracts at an annual percentage cost of the original software first year's contract.
13. MultiTrade was indeed created as a shell company in order to let Joe Khan receive a equity stake when his rights to STEPS was acquired in the merger with Jackson Rivers. I don't know if MultiTrade was created for that express purpose or that it was done in anticipation of such a future deal and then JRVR came into the picture.
14. The San Diego office is the current hub of JRVR operations, with Maureen McDonough acting as administrator. The principles Khan and Lauzon are often travelling on STEPS related business. I suggest that you do not call her asking ordinary questions the new PR firm should be able to answer. She was a very good and professional representative to speak with while she was not readily divulging too much sensitive information. Not being able to say anything would be poor, but telling all is not desirable either, so she was balanced and even handed. But if you call up and ask for share counts and such, don't expect to get much of a response. Call the TA for that.
My understanding is she is probably already juggling multiple administrative tasks with a limited availability for discussion. I worked in such a situation and understand the time constraints they are under. This is why the hiring of the PR firm was necessary and welcome for them and should be well received by investors.
15. They hope to produce good news in the near future with no exact timeframe given as that would not be possible to disclose. One thing I would look for are announcements of new solutions provider relationships being cemented in the US and Canada as they were done in Mexico.
There seems to be real confidence in their product's quality and marketability and that seemed genuine to me.
I don't know if I forgot anything, but those are the basic key points I meant to write up a week ago, then things got too busy to follow up.
JRVR's stock has great potential and at the end of last week appeared to have successfully consolidated after its last retrace and seems to showing resumption of some buying interest. Regardless of any one day's performance, the overall shareholder support looked to be quite strong even during the retrace since there did not seem to be much selling going on.
My assumption is this means there remains a fairly broad consensus that JRVR is considered unvalued by quite a few investors and that they recognize both the potential value and the possibility of large upcoming increases in the PPS. The incentive to sell for most was pretty slight.
I remain convinced that the company and its potential may be quite strong and that the stock has the same great potential for large price gains I first identified not so long ago. The fact remains that whether you held or buy in now, there is a real powerful upside to this.
After providing the commentary on the prior breakout and the trading action, my prior posts on ERP, CRM, STEPS and now this company contact reportage should take me full circle in trying to provide a decent introduction to JRVR. May you all enjoy the nice ride I think is awaiting JRVR shareholders.
Cheers,
IvG
JRVR Recap
Key Points from my contact with The Jackson Rivers Company:
1. Newly hired PR firm becomes active this week.
2. PRs will be issued.
3. Investor newsletter will be produced.
4. JRVR is working on new negotiations and good news was hoped to be reported by the company earlier, but there are still details to be worked out. They do not want to issue fluff PRs or confirm new developments prematurely. This seems like a legitimate response as it is often true everything takes longer than you want it to, while it indicates they are active and probably meeting with potential new clients and business partners.
5. STEPS rights are owned for the US, Canada & Mexico.
6. STEPS vendor relationships are being working on for the US & Canada.
7. JRVR is convinced there is no software product comparable to STEPS currently available. They believe it really does offer a level of customizatizable modular features suitable for modification purposes by smaller enterprises and there is no product out there that is as readily integrated for modest sized ERP/CRM solutions.
They seemed pretty confident of STEPS' uniqueness and said it has been demo'ed for many experienced consultancies to very postive feedback. What I underestimated is their feeling STEPS is scalable to bigger enterprise business models and may be competitive for the larger company market as well.
My take on that is since it is based on a MySQL database, that it will not be going head to head with other major companies with their own proprietary database platforms like Oracle and will have to go after smaller companies not yet heavily over-invested in a commitment to a specific database.
I am thinking it may be a very good replacement of Access based database operations in smaller businesses, which is a supportable presumption since STEPS is functional in either a Windows or Linux OS environment. Since it is functional with the open source Linux OS and is coded from the bottom up using Java and MySQL open source coding, they may actually be onto to something significant as there is a definite migration to Linux based software solutions, either by smaller, more independent minded companies and also by government agencies in many parts of the world. This is part of a real trend where major government decisions on national software initiatives and infrastructure are being made to bypass Windows and commit to Linux instead. That cuts to the issue of whether global rights are available and can be secured, but I did not ask that question.
8. I hypothesized earlier the probable need for customization would likely be required by clients on each individual basis. However, from the sounds of what I was told, they are pretty certain it is a robust and feature intensive enough product to actually be implemented using its existing administative settings and option sets. In which case, the solutions provider's main responsibility would be guiding the client through the installation choices available, training and support. For further review of my earlier post on STEPS, please read my post:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2951
To review the Jackson Rivers summary of STEPs on their website, go to:
http://www.tinyurl.com/yts3c
For further analysis, read my prior post on STEPS:
http://www.tinyurl.com/2twyh
9. There will be available a web interface for clients to connect to their STEPS installation. This is essential for the product to be considered competitive and a contemporary piece of software.
10. Company has already considered offering demo capability in the future of a pre-configured STEPS presentation via their website.
11. They have a small team of programmers hired on a consultancy basis currently fully dedicated to refining the development of STEPS.
12. JRVR will be keeping the budget lean via outsourcing and solutions provider relationships which is the standard model for startup B2B software solutions companies. This means JRVR principals can pitch the product & secure the sale and that the solutions providers will integrate, maintain and train clients in the use of STEPS. This is also standard operating procedure. This is a typical licensing model and will generate annualized returns from clients who renew their software license contracts at an annual percentage cost of the original software first year's contract.
13. MultiTrade was indeed created as a shell company in order to let Joe Khan receive a equity stake when his rights to STEPS was acquired in the merger with Jackson Rivers. I don't know if MultiTrade was created for that express purpose or that it was done in anticipation of such a future deal and then JRVR came into the picture.
14. The San Diego office is the current hub of JRVR operations, with Maureen McDonough acting as administrator. The principles Khan and Lauzon are often travelling on STEPS related business. I suggest that you do not call her asking ordinary questions the new PR firm should be able to answer. She was a very good and professional representative to speak with while she was not readily divulging too much sensitive information. Not being able to say anything would be poor, but telling all is not desirable either, so she was balanced and even handed. But if you call up and ask for share counts and such, don't expect to get much of a response. Call the TA for that.
My understanding is she is probably already juggling multiple administrative tasks with a limited availability for discussion. I worked in such a situation and understand the time constraints they are under. This is why the hiring of the PR firm was necessary and welcome for them and should be well received by investors.
15. They hope to produce good news in the near future with no exact timeframe given as that would not be possible to disclose. One thing I would look for are announcements of new solutions provider relationships being cemented in the US and Canada as they were done in Mexico.
There seems to be real confidence in their product's quality and marketability and that seemed genuine to me.
I don't know if I forgot anything, but those are the basic key points I meant to write up a week ago, then things got too busy to follow up.
JRVR's stock has great potential and at the end of last week appeared to have successfully consolidated after its last retrace and seems to showing resumption of some buying interest. Regardless of any one day's performance, the overall shareholder support looked to be quite strong even during the retrace since there did not seem to be much selling going on.
My assumption is this means there remains a fairly broad consensus that JRVR is considered unvalued by quite a few investors and that they recognize both the potential value and the possibility of large upcoming increases in the PPS. The incentive to sell for most was pretty slight.
I remain convinced that the company and its potential may be quite strong and that the stock has the same great potential for large price gains I first identified not so long ago. The fact remains that whether you held or buy in now, there is a real powerful upside to this.
After providing the commentary on the prior breakout and the trading action, my prior posts on ERP, CRM, STEPS and now this company contact reportage should take me full circle in trying to provide a decent introduction to JRVR. May you all enjoy the nice ride I think is awaiting JRVR shareholders.
Cheers,
IvG
With JRVR, I'm seeing the MM games right up to the wire. Read these JRVR posts I've made:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2947
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2974
If any of this plays out this way, we could be heading for an explosion. It certainly looks like JRVR is solidly based after its last retrace and has great ability to go up in PPS in successive legs as previously demonstrated. If the clock is now ticking, then today and part of tomorrow may see current prices and then a creep up as positions are covered with the possibility of scramble towards the end pushing the price up. With real buying interest tomorrow, now I expect JRVR can start to move very nicely again.
And here is some of the DD I am building up on JRVR:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2951
Cheers,
IvG
Journeyman, I'm seeing the MM games right up to the wire. Read these JRVR posts I've made:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2947
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2974
And some of the DD I am building up on JRVR:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2951
Cheers,
IvG
JRVR is about to take off. Anyone who knows anything about trading can see what I said in the previous days was legitimate. Everything I've detailed has come to pass. It is in a showdown now with the MMs. Once the ice breaks, the volume will really move. Here are some of the things they've obviously been doing with JRVR:
1. Selling shares to retail buyers at higher price while trading between MMs to show lower current price
2. Trading between MMs to show a higher high of the day in order to make it harder for the charts to appear like trading closed close to the high of the day.
3. Trading between MMs to show a ridiculous low of the day in order to skew the positive technicals on the TA charts and perhaps make new investors think the stock has a high downside far below the current support levels.
4. Not filling orders placed at the Ask.
5. Shake out trading between the MMs to drop the price and try to get investors to bail out and sell them their shares.
During the shakedown leading up to April 1st, they tried every trick in the book, but this stock has rock solid support and they couldn't shake the investors. My prior description of the support price rising to meet resistance has happened and now when it moves it will have a solid bottom underneath to support a rally. This is a great stock to get into now since you'll make money very soon.
Cheers,
IvG
JRVR is about to take off. Anyone who knows anything about trading can see what I said in the previous days was legitimate. Everything I've detailed has come to pass. It is in a showdown now with the MMs. Once the ice breaks, the volume will really move. Here are some of the things they've obviously been doing with JRVR:
1. Selling shares to retail buyers at higher price while trading between MMs to show lower current price
2. Trading between MMs to show a higher high of the day in order to make it harder for the charts to appear like trading closed close to the high of the day.
3. Trading between MMs to show a ridiculous low of the day in order to skew the positive technicals on the TA charts and perhaps make new investors think the stock has a high downside far below the current support levels.
4. Not filling orders placed at the Ask.
5. Shake out trading between the MMs to drop the price and try to get investors to bail out and sell them their shares.
During the shakedown leading up to April 1st, they tried every trick in the book, but this stock has rock solid support and they couldn't shake the investors. My prior description of the support price rising to meet resistance has happened and now when it moves it will have a solid bottom underneath to support a rally. This is a great stock to get into now since you'll make money very soon.
Cheers,
IvG
JRVR is about to take off, but since I received such a hostile reception, this will be my last post here. I gave you copious details and you treated it like it was garbage. Too bad.
Anyone who knows anything about trading can see what I said was legitimate. If you can't take a detailed trading summary as more valuable than a quick look at a chart (which are excellent for JRVR, so comments that it is overbought misses the point), then that's your loss.
Everything I've mapped out has come to pass. It is in a showdown now with the MMs. Once the ice breaks, the volume will really move. Here are some of the things they've obviously been doing with JRVR:
1. Selling shares to retail buyers at higher price while trading between MMs to show lower current price
2. Trading between MMs to show a higher high of the day in order to make it harder for the charts to appear like trading closed close to the high of the day.
3. Trading between MMs to show a ridiculous low of the day in order to skew the positive technicals on the TA charts and perhaps make new investors think the stock has a high downside far below the current support levels.
4. Not filling orders placed at the Ask.
5. Shake out trading between the MMs to drop the price and try to get investors to bail out and sell them their shares.
During the shakedown leading up to April 1st, they tried every trick in the book, but this stock has rock solid support and they couldn't shake the investors. My prior description of the support price rising to meet resistance has happened and now when it moves it will have a solid bottom underneath to support a rally. This is a great stock to get into now since you'll make money very soon.
Good luck to you in your ventures. I hope you treat visitors with more grace next time.
IvG
JRVR - Perfect Storm Brewing
The situation as it now stands with JRVR:
1. Today JRVR filled the gap precisely to 0.052, the exact close from two days before and then it snapped right back up and traded in the mid to high fives the rest of the way. This was very, very good.
2. The bottommost resistance rests now around 0.04. This would also be a very brief bounce point at which I expect heavy repurchases or further consolidation if it happens, at which point it should then snap right back up as JRVR has repeatedly done. I am confident many people will not sell now if that happens since I think enough of them understand what is happening. If it continues to trade in the fives tomorrow, I am quite certain buyers will add to their positions and add further strength.
3. But because it gapped down and bounced back almost perfectly, it may not go down in the morning at all. It may resume its upward progress now, but if in the very short term interim it hangs around in the fives, it can then trade up from there.
4. Whichever of those happens, I am seeing continued signs of strength as buys often snap up any shares sold and I see both trading scenarios above as opportunities to add to positions with so many people holding their ground to provide overall support. By Thursday, when the naked short rules come into effect, it could be that JRVR will be able to begin moving up more aggressively.
5. On Tuesday, there were sell offs in the sixes and the fives as some gave ground or recouped their principal and thus recycled their shares to mostly existing investors who added to their positions. I also expect that the MMs absorbed some of the shares to sell into the upcoming rally as well. Since I am convinced the past two weeks in OTC stocks leading up to this week showed alot of weakness not strictly parallel to general market conditions, it seems pretty reasonable to me to now assume the MMs really are settling their accounts. That could make a big difference now for JRVR as there may soon be even less shares in circulation if there was indeed a temporary artificial amount of shares in play due to the selling of JRVR on a naked short basis. That just means it gets even tighter as people bunker down. Plus, any shareholders who have already recouped their principal will be more inclined to hold for higher prices with their remaining free shares.
6. As the strength holds and committed buyers come in from 0.05 to 0.07, the support price has been progressively rising. I speculated that the bottom is probably at worst around 0.04 at the moment, but it is likely it is about to become closer to 0.05. At the same time the resistance point leading to blue sky conditions has come down. This is excellent since the methodical build up on strength is creating a condition of the support rising up to meet the lowering resistance price point which is like a vice closing in on the share price. When that happens, it could trade in a very tight range right before it
breaks out.
7. The longer this continues throughout this week and even into next week, it actually creates a tighter and tighter coil of energy as the distance between the support and resistance could then become as little as a few cents apart. If it continues in that fashion, support continues to solidify even higher and more explosive potential gets built into the stock and the ability for JRVR to run even higher becomes greater. As of the close today, the resistance point appears to be dropping. Whereas I previously identified 0.13, it now seems closer to 0.09. And the top may be now higher than before if this continues with further consolidation into strong hands. One blue sky number from before went up to 0.20, but now it may be closer to 0.25. And if heavy buying continues on a run right up to 0.25, JRVR could trade as high as 0.50.
8. So this means that (1) a quick drop in price or shakeout would be good for the stock for the rest of the float to go into more strong hands and (2) today's close below the opening price worked out better to facilitate this scenario than if it had popped today. In essence, the perfect storm keeps brewing as long as investors hold their ground. And it means if there is a drop in price now, it is the perfect buy signal.
9. The time frame is now actually best phrased as: it is just a matter of time. That means the strength will prevail and the Bid will soon rise to the resistance point. It no longer matters if it happens tomorrow. Like I said, the longer this builds, the bigger the payoff can become. And the longer the build, the closer it can conincide with the potential for a positive PR from JRVR which could blow it wide open as people who have held up to that point will know blue skies can mean beyond 0.25 if they hold the majority of their shares to make new buyers pay up. Plus, if the MMs have not settled their accounts yet, they will add to a buying frenzy to avoid paying any more for shares than they have to in order to settle their accounts. Selling JRVR now to roll over funds into another play misses that opportunity as it can come anytime now. Either way it will be available to us in April with maybe the opportunities for additional runs as there could be many free shares remaining in strong hands after the first run thus providing a stronger subsequent support level.
I hope that helps.
Cheers,
IvG
JRVR - Perfect Storm Brewing
The situation as it now stands with JRVR:
1. Today JRVR filled the gap precisely to 0.052, the exact close from two days before and then it snapped right back up and traded in the mid to high fives the rest of the way. This was very, very good.
2. The bottommost resistance rests now around 0.04. This would also be a very brief bounce point at which I expect heavy repurchases or further consolidation if it happens, at which point it should then snap right back up as JRVR has repeatedly done. I am confident many people will not sell now if that happens since I think enough of them understand what is happening. If it continues to trade in the fives tomorrow, I am quite certain buyers will add to their positions and add further strength.
3. But because it gapped down and bounced back almost perfectly, it may not go down in the morning at all. It may resume its upward progress now, but if in the very short term interim it hangs around in the fives, it can then trade up from there.
4. Whichever of those happens, I am seeing continued signs of strength as buys often snap up any shares sold and I see both trading scenarios above as opportunities to add to positions with so many people holding their ground to provide overall support. By Thursday, when the naked short rules come into effect, it could be that JRVR will be able to begin moving up more aggressively.
5. On Tuesday, there were sell offs in the sixes and the fives as some gave ground or recouped their principal and thus recycled their shares to mostly existing investors who added to their positions. I also expect that the MMs absorbed some of the shares to sell into the upcoming rally as well. Since I am convinced the past two weeks in OTC stocks leading up to this week showed alot of weakness not strictly parallel to general market conditions, it seems pretty reasonable to me to now assume the MMs really are settling their accounts. That could make a big difference now for JRVR as there may soon be even less shares in circulation if there was indeed a temporary artificial amount of shares in play due to the selling of JRVR on a naked short basis. That just means it gets even tighter as people bunker down. Plus, any shareholders who have already recouped their principal will be more inclined to hold for higher prices with their remaining free shares.
6. As the strength holds and committed buyers come in from 0.05 to 0.07, the support price has been progressively rising. I speculated that the bottom is probably at worst around 0.04 at the moment, but it is likely it is about to become closer to 0.05. At the same time the resistance point leading to blue sky conditions has come down. This is excellent since the methodical build up on strength is creating a condition of the support rising up to meet the lowering resistance price point which is like a vice closing in on the share price. When that happens, it could trade in a very tight range right before it
breaks out.
7. The longer this continues throughout this week and even into next week, it actually creates a tighter and tighter coil of energy as the distance between the support and resistance could then become as little as a few cents apart. If it continues in that fashion, support continues to solidify even higher and more explosive potential gets built into the stock and the ability for JRVR to run even higher becomes greater. As of the close today, the resistance point appears to be dropping. Whereas I previously identified 0.13, it now seems closer to 0.09. And the top may be now higher than before if this continues with further consolidation into strong hands. One blue sky number from before went up to 0.20, but now it may be closer to 0.25. And if heavy buying continues on a run right up to 0.25, JRVR could trade as high as 0.50.
8. So this means that (1) a quick drop in price or shakeout would be good for the stock for the rest of the float to go into more strong hands and (2) today's close below the opening price worked out better to facilitate this scenario than if it had popped today. In essence, the perfect storm keeps brewing as long as investors hold their ground. And it means if there is a drop in price now, it is the perfect buy signal.
9. The time frame is now actually best phrased as: it is just a matter of time. That means the strength will prevail and the Bid will soon rise to the resistance point. It no longer matters if it happens tomorrow. Like I said, the longer this builds, the bigger the payoff can become. And the longer the build, the closer it can conincide with the potential for a positive PR from JRVR which could blow it wide open as people who have held up to that point will know blue skies can mean beyond 0.25 if they hold the majority of their shares to make new buyers pay up. Plus, if the MMs have not settled their accounts yet, they will add to a buying frenzy to avoid paying any more for shares than they have to in order to settle their accounts. Selling JRVR now to roll over funds into another play misses that opportunity as it can come anytime now. Either way it will be available to us in April with maybe the opportunities for additional runs as there could be many free shares remaining in strong hands after the first run thus providing a stronger subsequent support level.
I hope that helps.
Cheers,
IvG
JRVR - Perfect Storm Brewing
The situation as it now stands with JRVR:
1. Today JRVR filled the gap precisely to 0.052, the exact close from two days before and then it snapped right back up and traded in the mid to high fives the rest of the way. This was very, very good.
2. The bottommost resistance rests now around 0.04. This would also be a very brief bounce point at which I expect heavy repurchases or further consolidation if it happens, at which point it should then snap right back up as JRVR has repeatedly done. I am confident many people will not sell now if that happens since I think enough of them understand what is happening. If it continues to trade in the fives tomorrow, I am quite certain buyers will add to their positions and add further strength.
3. But because it gapped down and bounced back almost perfectly, it may not go down in the morning at all. It may resume its upward progress now, but if in the very short term interim it hangs around in the fives, it can then trade up from there.
4. Whichever of those happens, I am seeing continued signs of strength as buys often snap up any shares sold and I see both trading scenarios above as opportunities to add to positions with so many people holding their ground to provide overall support. By Thursday, when the naked short rules come into effect, it could be that JRVR will be able to begin moving up more aggressively.
5. On Tuesday, there were sell offs in the sixes and the fives as some gave ground or recouped their principal and thus recycled their shares to mostly existing investors who added to their positions. I also expect that the MMs absorbed some of the shares to sell into the upcoming rally as well. Since I am convinced the past two weeks in OTC stocks leading up to this week showed alot of weakness not strictly parallel to general market conditions, it seems pretty reasonable to me to now assume the MMs really are settling their accounts. That could make a big difference now for JRVR as there may soon be even less shares in circulation if there was indeed a temporary artificial amount of shares in play due to the selling of JRVR on a naked short basis. That just means it gets even tighter as people bunker down. Plus, any shareholders who have already recouped their principal will be more inclined to hold for higher prices with their remaining free shares.
6. As the strength holds and committed buyers come in from 0.05 to 0.07, the support price has been progressively rising. I speculated that the bottom is probably at worst around 0.04 at the moment, but it is likely it is about to become closer to 0.05. At the same time the resistance point leading to blue sky conditions has come down. This is excellent since the methodical build up on strength is creating a condition of the support rising up to meet the lowering resistance price point which is like a vice closing in on the share price. When that happens, it could trade in a very tight range right before it
breaks out.
7. The longer this continues throughout this week and even into next week, it actually creates a tighter and tighter coil of energy as the distance between the support and resistance could then become as little as a few cents apart. If it continues in that fashion, support continues to solidify even higher and more explosive potential gets built into the stock and the ability for JRVR to run even higher becomes greater. As of the close today, the resistance point appears to be dropping. Whereas I previously identified 0.13, it now seems closer to 0.09. And the top may be now higher than before if this continues with further consolidation into strong hands. One blue sky number from before went up to 0.20, but now it may be closer to 0.25. And if heavy buying continues on a run right up to 0.25, JRVR could trade as high as 0.50.
8. So this means that (1) a quick drop in price or shakeout would be good for the stock for the rest of the float to go into more strong hands and (2) today's close below the opening price worked out better to facilitate this scenario than if it had popped today. In essence, the perfect storm keeps brewing as long as investors hold their ground. And it means if there is a drop in price now, it is the perfect buy signal.
9. The time frame is now actually best phrased as: it is just a matter of time. That means the strength will prevail and the Bid will soon rise to the resistance point. It no longer matters if it happens tomorrow. Like I said, the longer this builds, the bigger the payoff can become. And the longer the build, the closer it can conincide with the potential for a positive PR from JRVR which could blow it wide open as people who have held up to that point will know blue skies can mean beyond 0.25 if they hold the majority of their shares to make new buyers pay up. Plus, if the MMs have not settled their accounts yet, they will add to a buying frenzy to avoid paying any more for shares than they have to in order to settle their accounts. Selling JRVR now to roll over funds into another play misses that opportunity as it can come anytime now. Either way it will be available to us in April with maybe the opportunities for additional runs as there could be many free shares remaining in strong hands after the first run thus providing a stronger subsequent support level.
I hope that helps.
Cheers,
IvG
JRVR is the real deal people. I hope you know when a massive rally in the making is staring you in the face. Read my breakdown of the scenario that is playing out with JRVR:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2104
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2105
And sometimes a picture is worth a 1000 words:
http://finance.yahoo.com/q/bc?s=JRVR.OB&t=5d
IvG
JRVR is the real deal people. I hope you know when a massive rally in the making is staring you in the face. Read my breakdown of the scenario that is playing out with JRVR:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2104
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2105
And sometimes a picture is worth a 1000 words:
http://finance.yahoo.com/q/bc?s=JRVR.OB&t=5d
IvG
JRVR is the real deal people. I hope you know when a massive rally in the making is staring you in the face. Read my breakdown of the scenario that is playing out with JRVR:
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2104
http://ragingbull.lycos.com/mboard/boards.cgi?board=JRVR&read=2105
And sometimes a picture is worth a 1000 words:
http://finance.yahoo.com/q/bc?s=JRVR.OB&t=5d
IvG
Here is a pre-rally JRVR recap.
As of the Friday close, JRVR is now a locomotive ready for a massive rally this week. A newly transformed company with a former ADP executive making rapid deals and acquisitions, the market cap is still a tiny 3.9M at the closing price of .052. Clean financials, no debt and instantly profitable with new contracts. With recent acquisitions projected to add at least $1-2M revs to the bottom line initially, the PE ratio should see the PPS much higher soon. It seemed very undervalued and the market is catching up. Recent news of distribution channels for their software being established, there is alot going on here. The buying pressure has been fierce and has dried up the float. It has the makings of a big run up to a minimum of 0.10-0.15, but rallies like this, often for companies with less substance, often take the PPS from pennies to incredible heights. Witness last year the runs of NEOM to 0.43 and AGIS to 0.71 in a single day. The key point is the eventual intermediate valuation here should become at least double of what it is now while allowing for the possibility of higher price gains in the short term, which provides for a fine scenario to recoup your principal while having free shares to profit from the company's subsequent development. Bashers just arriving.
JRVR Links:
http://tinyurl.com/yw6e9
http://tinyurl.com/34v8g
http://tinyurl.com/2a4gu
http://tinyurl.com/2bglc
Go read the RB JRVR board and you'll see many investors are prepared to hold. Before 0.10 seemed like a nice target, but now many peoples' awareness of the implications for a much bigger move means the resolve to hold well beyond 0.10 is increasing. There will be alot of strength on the increase and probably not as much rapid profit taking as one might expect after the next double. Investors feel they have the MMs on the ropes and that the pressure on the limited supply of shares will stoke a big run now. I am surprised at how little buzz has yet to develop on the message boards, so when it does it could be getting successive waves of buyers. I only got 34 hits for a search of JRVR on Yahoo message boards. I posted on a couple of Yahoo boards, but not much since they delete you pretty easily now. Word will spread of its own accord now since I know many investors are telling others of their success with this stock so far.
Good Luck,
IvG