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yep them verses DT's
.0009 should be close DT's now
PC if news came now this goes to .01
not today
those wanting .0012's can now get it on sale
forget tomorrow!
TEK
Miagi, the peeps? LOL eom.
plus Arg no need to dilute as you have
wisely pointed out here recently which takes out of how most pinks exist
TEK
ali many of us knew that and some smart ones bailed at news of XXIS and now look at the state of SPZI/XXIS, pathetic. Even the momos came here and sucked it, XXIS, and now it's back down to near price before they attempted a breaker.Paul cannot sell only shares and it seems he can't find people to sell this either.Let's hope the hype of some big investor pumping money into this is real news long over due!
TEK
I'm also mad because I convinced 2 of my sons
to buy into this stock and they took my advice. I have been to Grimes and visually seen it in operation from a distance. We thought this was real but now we know it is a mess and to get a PR like this one for an update is so lame. Ed get us off the grey's soon as the way to start over or "from scratch".
TEK
well maybe Ed/Stephen weren't hired but appointed
here is what someone sent me
"They essentially are cleaning up shop here. I like what I have heard so far. I asked them how they came into this responsibility and apparently a very large DVFI shareholder who owns 50% of the OS forced Rees to take control. When Rees started using DVFI like his own personal piggy bank to bail out WRNW, this large shareholder appointed Stephen and Ed to the management team and board and immediately fired Rees. Stephen and Ed are in control, they are the only board members and they are the only management team. A new board of directors is going to be elected very soon. Stephen said he is acting on behalf of shareholders and mainly acting on behalf of this large shareholder who is not Cavric, DeRosa, Bonhomme, Lancaster, Wadkins, Kelly. This is good news so far."
So Ed/Stephen are you getting shares for your new venture here starting from scratch? Sounds like you were hired to me. Maybe not to delay anything but seems your timing came about the same time as ARCH's plan. Too suspicious for me.Losing 9K makes me cry real hard by the way! At least we know now that playing the fiddle makes you dance a little!!!!!
TEK
they, breakers, never sold off... see chart
http://ih.advfn.com/p.php?pid=webchart&btn=s_ok&symbol=PINK%3ASPRL&s_ok=OK&period=1&drawmode=2&size=19&volume=1
they never bailed they are still hitting this for some reason
most of the time they unload right after within 2-3 days but not here.... they obviously know something we don't... these momos
the only one selling into this was probably Sam and not for much. Like one poster here told us a few months ago he just bought Sam lunch!
TEK
all the fuss here?
these 2 guys were appointed by a shareholder with 180 million shares to stop Arch and following in a possible share take over bid or to at least slow him down. You all know that so why the fuss? These guys care ONLY about the person with the large share holdings, nothing more. You all should regather and seek to find out who the dude with the 180 million is? Arch come on man get back into this fight! Let's flush these con men out into open.
TEK
Arg very good point, great post! eom
MC, not possible they will require
signed non disclosure but nice thoughts anyway
and by the way if you would just shut up for awhile along with CC and others here I could buy more at lower prices, thanks! LOL
TEK
Your wife is calling you again!
Oh did I ask you yet if I could Drake Catty [SP?] for you next time? I'm a good tennis player! You know the true sport that doesn't use carts? I know at your age it's more than just kidneys!
way to go CC make those naysayers work
HARD!
TEK
Hey Ed if you were such a professional
unlike Watkins and Lancaster you would have stated in that PR that upon arrival of all very important information you would let us know but no you ASSUMED info would not be delayed and went ahead and promised something you could not deliver in 30 days.
I'm reminded of that movie, Men on Fire with D. Washington where he says I'm getting tired of hearing all you bozos tell me that they are a professional!Then he blows them up. I'm sure some here would love to put a small bomb up someones you know what and then say "so you said you were a professional, eh?"
TEK
no conspiracy but "that out of quiet period"
rumor was the best pump for volume one has seen here
in along time.Who broke that rumor here? LOL!Nice trick!
The breakers just couldn't bait enough longs to jump back in and help them break that .0007 area. Then XXIS followed the next day and was too good for them to make a few grand over there and they moved on but I do wonder that there should have been more selling here after the big volume day so potentially many of those new shares could still be here waiting. Interesting to say the least.
TEK
the momo's left.. raped and left
warned you people
the people trying to make up money from P.S. dilution
companies [SPZI/XXIS] probably are the ones who were the sucker/stucks here unless they moved with the momo and flipped with them
TEK
this stock was momo'd today
check out the ihub breakers board earlier on
some person with 1135 ihub followers
all that person had to do is post the symbol XXIS
then BAM! the momo starts nothing to do with anything of success here. They could care less about anything about XXIS
simply the ihub herd monkeys pounding the MM's until they found out where they were at
then they come here and hype trying to keep the run going and then when they flip it they are gone...pooof you may never see their alias again... they got their suckers and the MM's will take it down again on weakness of low volume and no credible news strictly...... a share structure/ MM play today nothing more
TEK
ROTFLMAO! CC too good!
that's secre info like always eom.
this speaks volume, momo
some 1135 ihub followers?
http://investorshub.advfn.com/boards/profile.asp?User=48522
The momo's have arrived here folks
TEK
this is headed to .0001 cellar boxing
I can't believe someone would have tried buying this last week at .0006 who knows better. Seems the fake of buying more here or so called averaging down always draws in the suckers looking for a bottom which never arrives with this stock.Every time this volume happens there are those sucked into this because some posters are trying desperately to link Sam to an EOR company thus giving dead/bad money hope. I long ago recognized my money here as gone.With every spike of volume the price has answered going lower and it will eventually hit .0001 where the MM's want to take this, cellar boxing.It opens today at .0005 so now you can get your .0006! Gezzzz!!!!The MM's love to suck you in too! Some of you should be challenging these posters who try to give this SPRL/ EOR hope masked in their negative comments.Pretty slick mind you.Accept your money gone and don't throw more good money after bad because someone here gives you a incredible small hope of recovery here with this last ditch effort of this EOR.In my opinion of course!The poster who said he isn't buying until some sort of PR news here is very smart!
TEK
“CELLAR BOXING”
There’s a form of the securities fraud known as naked short selling that is becoming very popular and lucrative to the market makers that practice it. It is known as “Cellar boxing” and it has to do with the fact that the NASD and the SEC had to arbitrarily set a minimum level at which a stock can trade. This level was set at $.0001 or one-one hundredth of a penny. This level is appropriately referred to as “the cellar”. This $.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
“Cellar boxing” has been one of the security frauds du jour since 1999 when the market went to a “decimalization” basis. In the pre-decimalization days the minimum market spread for most stocks was set at 1/8th of a dollar and the market makers were guaranteed a healthy “spread”. Since decimalization came into effect, those one-eighth of a dollar spreads now are often only a penny as you can see in Microsoft’s quote throughout the day. Where did the unscrupulous MMs go to make up for all of this lost income? They headed "south" to the OTCBB and Pink Sheets where the protective effects from naked short selling like Rule 10-a, and NASD Rules 3350, 3360, and 3370 are nonexistent.
The unique aspect of needing an arbitrary “cellar” level is that the lowest possible incremental gain above this cellar level represents a 100% spread available to MMs making a market in these securities. When compared to the typical spread in Microsoft of perhaps four-tenths of 1%, this is pretty tempting territory. In fact, when the market is no bid to $.0001 offer there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels. The lower they can force the share price, the larger are the percentage spreads to feed off of. This is easily done via garden variety naked short selling. In fact if the MM is large enough and has enough visibility of buy and sell orders as well as order flow, he can simultaneously be acting as the conduit for the sale of nonexistent shares through Canadian co-conspiring broker/dealers and their associates with his right hand at the same time that his left hand is naked short selling into every buy order that appears through its own proprietary accounts. The key here is to be a dominant enough of a MM to have visibility of these buy orders. This is referred to as "broker/dealer internalization" or naked short selling via "desking" which refers to the market makers trading desk. While the right hand is busy flooding the victim company's market with "counterfeit" shares that can be sold at any instant in time the left hand is nullifying any upward pressure in share price by neutralizing the demand for the securities. The net effect becomes no demonstrable demand for shares and a huge oversupply of shares which induces a downward spiral in share price.
In fact, until the "beefed up" version of Rule 3370 (Affirmative determination in writing of "borrowability" by settlement date) becomes effective, U.S. MMs have been "legally" processing naked short sale orders out of Canada and other offshore locations even though they and the clearing firms involved knew by history that these shares were in no way going to be delivered. The question that then begs to be asked is how "the system" can allow these obviously bogus sell orders to clear and settle. To find the answer to this one need look no further than to Addendum "C" to the Rules and Regulations of the NSCC subdivision of the DTCC. This gaping loophole allows the DTCC, which is basically the 11,000 b/ds and banks that we refer to as "Wall Street”, to borrow shares from those investors naive enough to hold these shares in "street name" at their brokerage firm. This amounts to about 95% of us. Theoretically, this “borrow” was designed to allow trades to clear and settle that involved LEGITIMATE 1 OR 2 DAY delays in delivery. This "borrow" is done unbeknownst to the investor that purchased the shares in question and amounts to probably the largest "conflict of interest" known to mankind. The question becomes would these investors knowingly loan, without compensation, their shares to those whose intent is to bankrupt their investment if they knew that the loan process was the key mechanism needed for the naked short sellers to effect their goal? Another question that arises is should the investor's b/d who just earned a commission and therefore owes its client a fiduciary duty of care, be acting as the intermediary in this loan process keeping in mind that this b/d is being paid the cash value of the shares being loaned as a means of collateralizing the loan, all unbeknownst to his client the purchaser.
An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar” it doesn’t have a whole lot of options to climb its way out of the cellar. One obvious option would be for it to reverse split its way out of the cellar but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a sustained buying effort and muscle your way out of the cellar but typically there will, as if by magic, be a naked short sell order there to meet each and every buy order. Sometimes the shareholder base can muster up enough buying pressure to put the market at $.0001 bid and $.0002 offer for a limited amount of time. Later the market makers will typically pound the $.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and $.0001 offer. When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a $.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to $.0001 bid and $.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003. If a $.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The $.0001 bid at $.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels. Since all of these development-stage corporations have to pay their monthly bills, time becomes on the side of the naked short sellers.
At times it almost seems that the unscrupulous market makers are not actively trying to kill the victim corporation but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution. The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
As the weeks and months go by the market makers make a fortune with these huge percentage spreads but the net aggregate naked short positions become astronomical from all of this activity. This leads to some apprehension amongst the co-conspiring MMs. The predicament they find themselves in is that they can’t even stop naked short selling into every buy order that appears because if they do the share price will gap and this will put tremendous pressures on net capital reserves for the MMs and margin maintenance requirements for the co-conspiring hedge funds and others operating out of the more than 13,000 naked short selling margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can’t even stop the day-to-day naked short selling in the first place and you can't be covering at the same time you continue to naked short sell.
What typically happens in these situations is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels. Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The truth of the matter is that the single biggest asset of these victim companies often becomes the astronomically large aggregate naked short position that has accumulated throughout the initial “bear raid” and also during the “cellar boxing” phase. The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds to PROVE the ownership of the old “real” shares before they get a new “real” share. Many also file their civil suits at this time also. This indirect forcing of hundreds of U.S. micro cap corporations to go through all of these extraneous hoops and hurdles as a means to survive, whether it be due to regulatory apathy or lack of resources, is probably one of the biggest black eyes the U.S. financial systems have ever sustained. In a perfect world it would be the regulators that periodically audit the “C” and “D” sub-accounts at the DTCC, the proprietary accounts of the MMs, clearing firms, and Canadian b/ds, and force the buy-in of counterfeit shares, many of which are hiding behind altered CUSIP #s, that are detected above the Rule 11830 guidelines for allowable “failed deliveries” of one half of 1% of the shares issued. U.S. micro cap corporations should not have to periodically “purge” their share structure of counterfeit electronic book entries but if the regulators will not do it then management has a fiduciary duty to do it.
A lot of management teams become overwhelmed with grief and guilt in regards to the huge increase in the number of shares issued and outstanding that have accumulated during their “watch”. The truth however is that as long as management made the proper corporate governance moves throughout this ordeal then a huge number of resultant shares issued and outstanding is unavoidable and often indicative of an astronomically high naked short position and is nothing to be ashamed of. These massive naked short positions need to be looked upon as huge assets that need to be developed. Hopefully the regulators will come to grips with the reality of naked short selling and tactics like "Cellar boxing" and quickly address this fraud that has decimated thousands of U.S. micro cap corporations and the tens of millions of U.S. investors therein."
good points llt eom.
ltl you forgot to add the part where Jan
said he had never been wrong in 40 years!
Thanks for the link. 1 vein or 2 doesn't matter this has potential to $1.00 a share or more if they hit one vein. As MC has pointed out in other gold comparisons that is a huge winning bet in my opinion.My goal is to add another million shares to my position here.
TEK
the point is how big a file they get
pushes them up to the front. I would love to see this go grey to stop these big volume plays for whatever reason when there is nothing here, nothing, should be just a shell a scam, no news, false PR's ,. failed deals nothing pooooooffffff nothing
TEK
some here trying to spin away from
financials
where are SPRL financials that is the real point here but nice try spinmasters the SEC will eventually catch Sam with no financials updated to current time.... end of story
TEK
In fact here's how to SEC
U.S. Securities and Exchange Commission
JULIET D. GARDNER
Office of Investor Education and Advocacy
INFORMATION ABOUT SEC INVESTIGATIONS
Each year, thousands of investors ask the Securities and Exchange Commission
to investigate the activities of other investors, financial professionals,
corporations, brokerage firms, investment companies, stock exchanges, and
others. These complaints generally suggest some impropriety or misconduct
and sometimes make a plea to the SEC for direct assistance in resolving a
grievance.
The SEC has the authority to investigate whether violations of the federal
securities laws have occurred, and we make every effort to evaluate promptly
and thoroughly the information provided by investors. But we cannot
investigate every investor complaint. While many investor complaints do
lead to full investigations and, if appropriate, to enforcement actions, we
cannot guarantee that our review will lead to further investigation or that
the SEC will take any legal action.
We also cannot provide you with updates on the status of your complaint or
your request for an investigation. The SEC conducts investigations
confidentially for two main reasons. First, we can conduct investigations
more effectively if they are not announced publicly. For instance,
important documents and evidence can be destroyed quickly if people hear of
an investigation. Second, we keep our investigations confidential to
protect the reputations of companies and individuals if we find no
wrongdoing or decide we cannot bring a successful action against them. The
SEC will not confirm or deny the existence of an investigation unless, and
until, it becomes a matter of public record as the result of a court action
or administrative proceeding.
When there is proof that someone has violated the securities laws, the
sanctions may include financial penalties, orders to surrender profits,
cease and desist orders, or an injunction by a court to prevent further
violations. The SEC may also bar individuals from working for a securities
firm, investment adviser, or investment company. We can also ask a federal
court to bar individuals from being officers and directors of publicly held
companies. In some situations, we may refer a case to the Department of
Justice for possible criminal prosecution.
The SEC publishes news releases about its lawsuits and administrative
actions, and the news media often report on them. You can read and download
the SEC's ""Enforcement Actions"" on our website
Or you can obtain hard
copies by contacting us at:
Office of Public Reference
100 F Street, N.E.
Washington, DC 20549-0102
Phone: (202) 551-8090
Fax: (202) 777-1027
E-mail: publicinfo@sec.gov
people have filed with SEC on SPRL/fact
last SPRL financials filed? Sam should
read this! I can't believe DVPC is on this list. They, the SEC, will eventually catch Sam somehow some way.... eventually. If enough of us do a SEC report on SPRL it may speed things up..... vindication coming folks!
http://www.sec.gov/litigation/suspensions/2008/34-57691-o.pdf
Where Jr. Miner webpage? PM me.ThX
IW read latest PR =end of April eom
CC it's all about volume
the MM's have the show with low volume to do what ever they think makes market
7 mill shares is nothing so they write the show here until the herd shows up with a little stamped that puts them to earn their wage. A 3-4 day herd run is a beautiful sight to behold and it's coming!
oh gold herd please come to us here at Drake and bring that ship we all talk about coming to us into our port, OK? Thanks!
TEK
forget it ali he has said another QP. eom
yep IW you missed your 3 pointer eom.
clobal ...U.S. Securities and Exchange Commission
JULIET D. GARDNER
Office of Investor Education and Advocacy
INFORMATION ABOUT SEC INVESTIGATIONS
Each year, thousands of investors ask the Securities and Exchange Commission
to investigate the activities of other investors, financial professionals,
corporations, brokerage firms, investment companies, stock exchanges, and
others. These complaints generally suggest some impropriety or misconduct
and sometimes make a plea to the SEC for direct assistance in resolving a
grievance.
The SEC has the authority to investigate whether violations of the federal
securities laws have occurred, and we make every effort to evaluate promptly
and thoroughly the information provided by investors. But we cannot
investigate every investor complaint. While many investor complaints do
lead to full investigations and, if appropriate, to enforcement actions, we
cannot guarantee that our review will lead to further investigation or that
the SEC will take any legal action.
We also cannot provide you with updates on the status of your complaint or
your request for an investigation. The SEC conducts investigations
confidentially for two main reasons. First, we can conduct investigations
more effectively if they are not announced publicly. For instance,
important documents and evidence can be destroyed quickly if people hear of
an investigation. Second, we keep our investigations confidential to
protect the reputations of companies and individuals if we find no
wrongdoing or decide we cannot bring a successful action against them. The
SEC will not confirm or deny the existence of an investigation unless, and
until, it becomes a matter of public record as the result of a court action
or administrative proceeding.
When there is proof that someone has violated the securities laws, the
sanctions may include financial penalties, orders to surrender profits,
cease and desist orders, or an injunction by a court to prevent further
violations. The SEC may also bar individuals from working for a securities
firm, investment adviser, or investment company. We can also ask a federal
court to bar individuals from being officers and directors of publicly held
companies. In some situations, we may refer a case to the Department of
Justice for possible criminal prosecution.
The SEC publishes news releases about its lawsuits and administrative
actions, and the news media often report on them. You can read and download
the SEC's ""Enforcement Actions"" on our website
Or you can obtain hard
copies by contacting us at:
Office of Public Reference
100 F Street, N.E.
Washington, DC 20549-0102
Phone: (202) 551-8090
Fax: (202) 777-1027
E-mail: publicinfo@sec.gov
Another Quiet Period? HAHAHAHA!!!!
oh my what a story that tells us about this guy!
He is quietly trying to figure out just what the ratio of the R/S will be? 10-1 100-1 1000-1? It may take Paul some time on this one. Here we go to .0001 on his quiet period. Nice work Paul.
I think we have been scammed.
TEK
so IW what say you today? lol
TEK
very possible
Hey allie did you read this?
Read it 5 times, spot right on by ChangeDirector... bullseye post and I would add they always justify the R/S with speculation revenues coming as forward looking statements!
TEK
Message In Reply To:
In all my years of trading penny stocks, I haven't seen much difference in the way a medium/high volume pinksheet and a bulletin board stock trade. I have also never seen a company "uplist" to the bulletin board and attract any particular new crowd of investors. In fact, I have rarely seen a pinksheet stock "uplist" to bulletin board status at all, despite weeks and months of promises regarding audited financials and uplisting. In almost every case, a reverse split takes place "in order to better position the stock for uplisting", which is not only completely unnecessary, but gives the company another oppotunity to dilute at higher prices, tanking the shareprice even further than that .0001 that has usually been reached.
And that's a fact.