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The way I understand this situation is: Mr. Syms partnered the Evermedia Corp with STS and made the former owner of STS, CEO of STS, The former owner of STS and now CEO was in control of the STS side a couple of years and decided to take a large sum of monies about a million dollars. My question is where did that million dollars come from. I am thinking it came from operating income funds, made from past profits. That was one million dollars out of operating funds of which he had only been CEO approximately 2 years. Now, at .001 cent per share the whole company as of today, all 1,926,618,910 shares are worth only $1,926,618.91, less than 2 million dollars,. According to past earnings of former STS CEO the annual earnings would buy the whole company back in 4 years. Now it is my understanding that both companies have been in litigation for about 2 or more years. If these understandings are facts, where do we stand financially today??????? Marvin
How could a CEO take a million dollars from a company after being CEO for only a couple of years and the company not be profitable? Now the same company is now worthless according to some people. The whole company after being milked for 1,000,000.00 after a couple of years operation is worth only 13.5 million. Does this really make sense? Marvin
I just want to retract one of my posts, for I see some heavy hitters here, however I still have about the same $ investment. I see that the board is no longer dominated by one poster? Marvin
Short Seller Counterfeiting Alive and Thriving After Bulletin Board Genocide.
Friday, October 5, 2012
People observing the wholesale slaughter of the Bulletin Board's markets might incorrectly conclude that the short sellers had achieved their objective of destroying all of the companies listed there.
They are not only wrong, but wrong in a major way. The professional short seller manipulators are now attacking the OTC markets, lower priced NYSE and such stocks, and yet more. It has been so profitable for them, they are now taking their short selling expertise not only to new stock in new markets, but to many other places. Today, their target rich environment includes not only stocks, but bonds, currencies, commodities, futures, options, physicals, forwards, Treasuries and more, including private assets.
Having made Billions on the genocide conducted against the NASD/FINRA "Market of the Future" (per their propaganda in 1998), they now seek to take control of all markets and assets. With the not so tacit endorsement of the SEC and FINRA, brokers and hedge funds domestically and internationally are seeking the right to sell everything, whether they ever actually own it or not.
I have spoken with very sophisticated friends, and even they don't understand that the controllers of custody, clearance and settlement have found a great way to collect a continuing river of financial baksheesh providing huge amounts of cash flow they can divert to the health of their personal pocket books without actually doing anything. A "Locate" of a security that might be actually delivered if a buyer demanded it, has been supplanted by an accounting book entry representing such an asset, whether of not it exists. The numbers accounted for by issuers in their record books as legally issued securities now has no meaning.
The capital formation process for equity and debt issuers is decimated. It won't be re-invented in our lifetime unless a man like Romney, who has actual experience with profiting from stocks being fairly priced, puts a stop to the grotesque manipulations now extant. I have never known a private equity investor who wanted his investments' shares and debts to be counterfeited wholesale.
Many naively hoped that having destroyed the Bulletin Board, the pigs would be satiated. The facts are just the opposite. Wasn't it enough that no type of funding was left from institutional sources that wasn't a PIPE format? Were there ever any PIPES deals that were not shorted, the vast majority before they were even offered, much less closed? Reports on PIPES reflect this crisis. Rodman was one of the biggest PIPES players, but they stopped doing these deals with minor exceptions many months ago.
So many of these things have been said before by many, it now seems that perpetual optimism over-rides common sense. My last point is of the uselessness of Reg T. It reportedly bars shorting any security under $5, or accepting any order to buy or sell a security under $1. I can't remember this rule ever being enforced in the last 20 years. Stocks owned in cash accounts were never to be loaned. Forget that today.
The NYSE and other senior markets had attacks on their stocks, but they were limited by the Exchange's rules, now a thing of the past. Even the NYSE is not allowed to protect its own listed companies. Everyone cheered when the SEC and FINRA demanded 3 day settlement with an exception for 10 delivery. Hoorah! So what happens now? Thirteen day settlement if at all, and literally oceans of multi-month and year fails to deliver that overwhelm the supply sides of all securities.
Until someone gets thrown in real jail for life, and I am not talking about Madoff's prison retreat, Butner, then nothing will change.
DOJ has fallen on its ass for these scum. Not a single banker has been indicted for the abuses of mortgage backed securities, or banking margin requirements. If they ever are, they settle for some meaningless punishment, with no jail time. Recently, David Kotz said the SEC might never have caught Madoff had he not turned himself in. And Sir Allen Stanford's Chief Compliance Office was a protege of SEC Chair Mary Schapiro, the former head of the Dallas NASD office.
Enough said. If you are getting "handled", SPEAK UP. Too few have.
Posted by Bud Burrell at 1:13 PM
Louie,
Keep talking for when it enters trip 0's I would like to get some more. I really don't know where I will get the monies but I will just have to find it. Marvin
It does if you are shorted the stock, for if it went into bankruptcy, there would be no income tax liability, for the trade never would never be completed. Marvin
Tadaa,
Thank you! I still monitor for I have a vested interest. I question some of the motives of the board participants. Marvin
Louie,
Time tells all!!!!!!! Marvin
Louie,
I feel so sorry for you, for I don't believe that the shares of EVRM could ever go low enough for you. You keep spewing negativity and I am not sure why. You either got burned or you are wanting to buy much lower. You may get someone else's shares but, you will not get mine at anywhere near these levels. Marvin
Nobullhere,
Keep in mind Overstock.com. And there are many others. As long as we have criminals running the regulatory agencies, nothing will happen until, we the people, take matters into our hands and prove that they are criminals. Research CMKM Diamonds and learn what the regulators do to assist the criminals. Marvin
Nobullhere,
Isn't it strange that the trading habits here, with EVRM, have changed after I posted the message about NAKED shorting and the way to test the system. No trading and or strange bid and asks. Marvin
Could this be happening with EVRM. I found this on another board, but a very good question for EVRM? Marvin
Probably every single one and if this PR is accurate not much seems to have changed:
Omni Comments on Recent Market Activities and Provides Shareholder Update
Print
Alert
Omni Ventures (QB) (USOTC:OMVE)
Intraday Stock Chart
Today : Friday 29 June 2012
Omni Ventures, Inc. (OTCQB:OMVE) announced today that the Board of Directors has observed a high volume of short sales by a group of market makers. The Company has made its best effort to research public information and has come to the conclusion that 25,708,284 shares may have been sold short by several market makers from January 1st through June 28th of this year.
Information regarding the number of shares, which may have been sold short, can be found at http://www.omve.net/stocks/.
The Board has consulted with significant shareholders who pledged to withdraw their stock from several clearing houses, such as Brown Brothers Harriman & Co., and Alpine Securities Corp., which may have been providing short-sellers with the ability to borrow stock needed to maintain their short positions.
"Management is focused on implementing the business plan, expanding into new lines of business, developing new revenue streams, and creating a great deal of value for our shareholders. In the meantime, we suspect that the trading in our stock is yet another example of what may be unscrupulous short-selling by several predatory market makers colluding," stated Christian Wicks, President of Omni Ventures, Inc.
He added, "Over the past couple of months, our legal counsel has sent repeated warning letters to the brokerage houses of Collins Stewart, Finance 500, Puma Capital, Lampost Capital and Buckman, Buckman & Reid to warn them of their questionable short selling activities in trading our stock. We are very happy that several of our large shareholders have pledged to immediately withdraw their respective positions from these clearing houses, with the aim of reducing the ability of the predatory short-sellers to borrow our stock and maintain large short positions. To me, this is a display of total confidence by our shareholders, which sends a clear signal to those who may engage in speculative short sales. We also researched public information and found the following. If for example one wanted to know the short volume in our stock on June 1, 2012, this link would lead to such information: http://regsho.finra.org/FORFshvol20120601.txt. Using this example, one can determine that on that day the short volume in our stock was 901,554 shares! If one just changes the dates in the link it turns out possible to track down short selling day by day, which lead us to the astounding number of 25,708,284 shares sold short this year to date as reported by that website, maintained by FINRA! For the convenience of our shareholders our programmers created the script, which summarizes those daily short volume reports, which can be seen at http://www.omve.net/stocks/. In light of these actions, the Company is working with legal counsel and may conduct an independent investigation into the short-selling activities. Results of our findings will be reported to appropriate regulators for possible legal action. Additionally, it has been our observation that a number of stock-touting websites have been publishing various reports about out company and claiming outlandish compensation allegedly received for publishing those report. After detailed conversations with our investors, we would like to very decisively assert that neither the company nor the shareholders known to the management have caused to be published, authorized or paid for any such reports. And the only source of the authentic and authorized information about the company can be found in our own press releases and filings with the SEC."
About Omni Ventures
Omni Ventures, Inc. is the owner of PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company (http://www.prvcycouture.com/) known for the "Made in Hollywood" PRVCY brands. The Company is in various stages of developing several related projects in the fields of consumer goods design, manufacturing and distribution as well as consumer services. For more info, please visit http://www.omve.net.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. You should carefully review the information disclosed within the section entitled "Risk Factors" contained in the Company's Current Report on Form 10Q/A filed on February 15, 2012, as well as the information contained in this release, when assessing the Company and its business. The Company undertakes no obligation to update any forward-looking statements.
CONTACT: Investor Relations:
investor.relations@omve.net
913-693-8073
Nothing on Ameritrade! Level 2 is working, for other stocks are showing up Bid & Ask. Nothing on EVRM! Marvin
No bid no ask on Ameritrade level 2? WHY? Marvin
We know that these market makers can legally sell shares nakedly, however if they persist in their endevor, we can, as shareholders, call for a certificate pull to find where those shares came from. We in EVRM are so closely knit that we could pull this off. I am not advocating doing this YET, but I know that we can do this. I am a shareholder of CMKX, which that is what happened there and it is still in litigation. It is now illegal for a company to call for a company wide cert pull,but still legal to ask for certificates, which came after we at CMKM Diamonds did our cert pull and MUCH havoc ensued. Marvin
'trawets,
2,000,000,000 shares and $4,100,000.00 makes EVRM hovering right at book value, even though the outlook for future contracts are looking very promising. Marvin
nobullhere,
Please explain why a reverse split is needed. Why would management reverse split the stock when they have funding and the primary players would take the same medicine that the rest of the stockholders would take. The only reason I can see a possibility of a RS would be for positioning for higher market. Marvin
I think that they are not only watching the board, but they are also building a position for someone. Marvin
Interesting, If you look at the timing of Sin's post, it looks like the MM's may have used that post to look like he had dumped those shares. Marvin
Cricket,
I totally agree! Marvin
Louie,
Is that a prediction? Would be nice. Marvin
nobullhere,
It is my understanding that the public float hasn't changed but very little in some time, so as I understand it, the company isn't making monies off the sale of shares. Marvin
nobullhere,
I have never seen this as a pump and dump. I have been wrong before? Marvin
We really don't know that someone isn't selling. My next question is, if our management IS making sufficient monies, why would they not be buying the stock at this price. They DID say that, some time ago, the realistic value of the stock was .03 cents. If they really believed that, and they have sufficient cash, they would be buying back at this price, for it is my understanding that the company CAN purchase their stock back at the BID price. Just so that everyone knows, I do hold several million shares that I purchased YEARS ago and I have never sold any of my shares. I truly believe in this company. I have invested well over 6 figures in to this company, so I DO believe in this company. Marvin
JFburk
I feel the same! I have never sold any of my shares yet. Still holding from years past. Marvin
Stingray,
I am not sure that he said before February, but rather by February. Marvin
Things are fine,except for this depression that our nation is in. I just hope the economy turns around soon. My children are in the trucking business and things are hard. I am still holding all of my EVRM, haven't sold any shares. I am still hoping for a very good outcome. Marvin
Same here! Marvin
AskSlapping,
Why did Capitol One credit card company give EVRM a $50,000.00 GRANT? Something BIG, I think, is working in the banking industry with this company. Marvin
Askslapping,
It's time that shareholders get something material. Maybe this week? Maybe "short term"? Or do we wait another 2 years?
If thats what it takes, and I have never, ever, sold any EVRM shares! Marvin
Ficose,
And you forgot "reverse split" Marvin
tbrod
I was thinking, maybe that EVRM may be ready to move to another exchange. Off the pink sheets. Marvin
ficose,
I'm happy that you see the glass half full. Marvin
Someone said that there was a tweet on the "quiet period" coming to an end.
I did a Google search and found this about "stock quiet period" Marvin
Quiet periodMain article: Quiet period
There are two time windows commonly referred to as "quiet periods" during an IPO's history. The first and the one linked above is the period of time following the filing of the company's S-1 but before SEC staff declare the registration statement effective. During this time, issuers, company insiders, analysts, and other parties are legally restricted in their ability to discuss or promote the upcoming IPO.[3]
The other "quiet period" refers to a period of 40 calendar days following an IPO's first day of public trading. During this time, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company. Regulatory changes enacted by the SEC as part of the Global Settlement enlarged the "quiet period" from 25 days to 40 days on July 9, 2002. When the quiet period is over, generally the underwriters will initiate research coverage on the firm. Additionally, the NASD and NYSE have approved a rule mandating a 10-day quiet period after a Secondary Offering and a 15-day quiet period both before and after expiration of a "lock-up agreement" for a securities offering.
Ficose,
You are incorrect, I invested after the "B" shares were issued.
This maybe the reason the shares have reached new low levels. This is from the 10Q Aug.31,2010 page 42. Marvin
New York Private Investors
During the year ended August 31, 2010, the Company issued a $50,000 convertible note under a funding arrangement with a group of New York Private Investors, which bears interest at 8% per annum and matures on April 20, 2011. The notes are convertible at any time after 180 days from the date of the note’s execution, at the option of the holder, into shares of Class A common stock of the Company at a conversion rate of 58% of the average of the three lowest volume-weighted average closing prices of the Company’s Class A common stock for the ten trading days immediately prior to the date a conversion notice is received by the Company. The Company recorded a debt discount of $50,000 relating to the conversion features of the note. For the year ended August 31, 2010, the Company record debt discount amortization of $7,509 and the carrying value of the note as of August 31, 2010 was $7,509. The terms of the agreement require the Company to, at all times, have authorized and reserved five times the number of shares that are actually issuable upon full conversion of the note (478,927,203 shares as of August 31, 2010).
Subsequent to August 31, 2010, the Company has issued two additional convertible notes under the same terms as described above totaling $65,000.
8. Derivative Liabilities
In accordance with ASC 815-15, Embedded Derivatives, the Company determined that the conversion features of the convertible notes described in Note 7 meet the criteria of an embedded derivative and therefore the conversion features of the debt have been bifurcated and accounted for as a derivative. The debt does not meet the definition of “conventional convertible debt” because the number of shares which may be issued upon the conversion of the debt is not fixed. Therefore, the conversion features, pursuant to ASC 815-40, Contracts in Entity’s Own Equity, have been accounted for as derivative liabilities. The Company adjusts the fair value of these derivative liabilities to fair value at each reporting date.
The Company uses the Black-Scholes pricing model to calculate the fair value of its derivative liabilities. Key assumptions used to apply this model were as follows:
Grizz,
Doesn't Guyer and Rice have a different type of share in addition to the common share which makes their chances of success some what greater??????? Marvin
louieforpar,
Life is as one perceives it to be! So, that is just your perception as to how things are. We really haven't been told as to how things are. Marvin
My thought is that, since the US budget has been in limbo for near 2 years, defense companies have suffered because of lack of funding by the defense dept. If our technology is as cutting edge as I am lead to believe, security will be top priority going forward. We may be in for some good task orders soon. Marvin
Don Quixote'
I want to see .25. Marvin
Don Quixote Share Thursday, March 24, 2011 10:54:13 AM
Re: sharky post# 55921 Post # of 55925
indeed, very thin...with good news probably see .015....with great news......03+
Has the SEC ever enforced the rules upon the MM's and Hedgefunds? With that said, can we expect any more this time. We know that they passed a grandfather clause into law to avert a large short cover back in 2005. They see themselves as the brain, and we know that the brain will destroy the rest of the body before allowing itself to be destroyed. Marvin