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.
I came across this strange link (dated august of 2012) that looks like TrustCash may be in the large grocery invoice processing service; possibly even getting into Hong Kong. I wasn't able to gain access to any other links about this yet. It is interesting reading.
http://webcache.googleusercontent.com/search?q=cache:vvY3qs_qugIJ:vision2020.hale-center.k12.tx.us/groups/mik5alminer/revisions/fdcd8/2/+sino+payments+trustcash+holdings+inc+invoicing+services&hl=en&gl=us&prmd=imvns&strip=1
Please read post #5000.
I believe the DTC chill (and skull and crossbones) will remain until TCHH starts filing legal papers with the SEC and (at least) annual reports to the shareholders.
From my research I understand that Trustcash has a bank account at all of the banks it deals with (just like you or I would have). It's not a partnership relationship. Please feel free to correct me if I'm wrong.
This could be "dark pools" trading going on on the high volume days. Many times when I put in bids for shares I got a message that I couldn't trade because there was no price available (even with millions of shares of volume). BTW, I own 6M shares.
Like it or not TCHH will probably have to restructure their shares.
14B shares x .00005 or .0001 is probably under stating their market cap worth (based on speculation of their future earning potential). This is a guess because they haven't reported earnings for years. But based on intelligence gathering by this board I'm pretty sure they're making fairly good money (as of lately).
For those that haven't seen Trushcash's uTube video.I believe this is from last year. (Geez, I really think this WILL make money).
Excuse me,,Eros Ads..
Here's an interesting link I found this morning demonstrating the use of Trustcash in ErosAds.
http://server.iad.liveperson.net/hc/s-29359073/cmd/kbresource/kb-5596197478399863949/view_question!PAGETYPE?sc=5&sf=101133&documentid=351155&action=view
Sorry. Just witnessing the irony of things being disclosed day after day. (My attempt at sarcasm). I am long.
Authorized shares = 7.5B....Issued = 14B??? I wonder if TCHH has changed their charter without updating the SEC or shareholders. This just gets better and better. I expect to see TCHH stocks printed on the next roll of TP I buy..
(I have 6m shares myself).
Thank you.
You're correct. the 7.5B refers to authorized shares, not outstanding. There are multiple published numbers of shares for outstanding ranging from 132M to 889M that I can find. Those numbers may or may not include what we've witnessed in the high volume lately. Who knows.
Could one more option be the exchange (issuance) of restricted shares? (as in to another company at no cost or .00005?) Just pondering.
Nah....I hear Bill Gates uses 'XP' at work.
If you get the chance, can see if they will reveal the current and intended O/S?
An R/S without news would be tragic. If they release good news and support it with a decent business model then it may turn out OK (IMO).
Be careful. These may round up to four digits. I'm not sure.
I finally got my order thru Fidelity.
I believe the volume is related to an "exchange" of some kind. I cannot buy any today using Fidelity (where I was able to Monday).
I just a message that no "last trade price" is established. Soooo, looks to me like "0" priced exchange of shares or something.
I'd suggest you Read this first for a basic understanding.
http://betabeat.com/2011/12/deposit-cash-at-bank-of-america-and-get-bitcoin-thanks-to-bitinstant-and-trustcash/
I'd suggest you Read this first for a basic understanding.
http://betabeat.com/2011/12/deposit-cash-at-bank-of-america-and-get-bitcoin-thanks-to-bitinstant-and-trustcash/
Is it possible that shares of TCHH are being exchanged for another companies shares? Anyone?
Think about this:
If you wire money, let’s say, $50 - $200 to someone in another State, using Western Union, that will cost you from $5 - $20 in fees.
If you use Trustcash, that same transaction is a 2% fee or $4 for the highest fee.
Hmmm, which one would you use?
Fidelity
Trustcash will basically, among other things, replace prepaid credit cards because of their lower payment cost to merchants and consumers.
Keeping that thought...here's an interesting link attached stating:
"Prepaid card use rose by about 18 percent in 2011 as consumers dropped traditional banking products such as checking accounts with higher fees, according to a study released today.
About 13 percent of U.S. adults had prepaid cards in 2011 compared with 11 percent in 2010, according to the study by Pleasanton, California-based Javelin Strategy & Research, a market-research firm."
http://www.businessweek.com/news/2012-04-11/prepaid-card-use-up-18-percent-as-consumers-drop-debit-study
In my experience with OTC stocks, this (volume anomaly)usually means somebody knows something that the rest of us don't YET.
It's 15 times average daily volume so far.
Not trying to pump here, but came across this link showing that BitInstant has 700,000 cash deposit locations. (Adding more countries in weeks to come).
https://bitcointalk.org/index.php?topic=83209.msg916636#msg916636
Since it was established that TrustCash is involved with BitInstant (getting a 2% ? cut of each cash deposit transaction) then do the math for a scenario that is something like the following:
For a single day, at only 100,000 locations, there is a $50 BitInstant/TrustCash cash deposit. That’s $5m dollars. Now think of that every day of the year and consider TrustCash’s %.
Please let me know if I’m thinking too optimistically here.
Here's another interesting link:
https://mtgox.com/press_release_20120413.html
I've held this stock for years. This has been getting interesting. Here's an article I just found today that was apparently from 12/2011?? I apologize if this was already posted.
http://betabeat.com/2011/12/deposit-cash-at-bank-of-america-and-get-bitcoin-thanks-to-bitinstant-and-trustcash/
New to this stock. I started accumulating small amounts on dips. GLTA.
More on Dr. Karen Newell Rogers.
http://www.thedcasite.com/the_dca_patents.html#Newell
VG Energy Contracts BioProcess Algae To Verify ''Lipid Trigger'' Results For Commercial Biofuels Production
BY PR Newswire
— 11:09 AM ET 03/25/2011
SAN MARINO, Calif. March 25, 2011 /PRNewswire/ -- VG Energy, a subsidiary of Viral Genetics, Inc. (VRAL) , announced today that it has retained alternative energy producer BioProcess Algae, LLC to verify lab results on a large scale for the development of commercial production of its potential biofuel process. VG Energy has developed proprietary technology, with results reproduced multiple times from test-tube to small-pond studies, which holds promise in producing algal biofuel on a commercial scale, at prices competitive with or better than current oil prices.
"VG Energy's technology has shown great promise as a viable and cost-effective additive for alternative energy sources," said Haig Keledjian, CEO of VG Energy and Viral Genetics (VRAL). "We are thrilled to be working with BioProcess Algae to take the next steps and move from the laboratory to a viable production setting."
The agreement came together quickly and was facilitated by VG Energy SVP Monica Ord. "I have Richard Branson and Mike Willis from Virgin Green to thank for the introduction to Green Plains Renewable Energy (GPRE) and BioProcess Algae," said Ord. "We have repeated our proof of principle research studies multiple times, internally and through Texas A&M, which have clearly demonstrated the effectiveness of the compound on a small scale. BioProcess Algae gives us the ability to move quickly into full autotrophic, mixotrophic and heterotrophic scale-up studies, and we are excited to begin."
A process increasing lipid production in algae cells and considerably improving their rate of recyclability has been discovered by VG Energy and its lead researcher, Dr. M. Karen Newell Rogers, the Raleigh R. White, Jr. Endowed Professor of Surgical Research at Texas A&M Health Sciences Center and Scott and White Hospital in Temple, Texas. A recent report by biofuels expert John Sheehan models several current production techniques, with their productivity enhanced by VG Energy's process, with the results showing potential for a cost-effective energy source. A direct result of work undertaken by Dr. Newell Rogers for cancer treatment, this process, Metabolic Disruption Technology (MDT), appears to act as a long-sought lipid trigger to cause algae cells to store increased fat, making them more productive as an energy source. When the process was applied to algae cells in the lab, extractable lipid, or fat, production was increased by a minimum of 300%. Additionally, the process enables cells to release fats outside the cell walls, making much of the algae recyclable and increases its viability as an alternative energy source.