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g2 in my opinion the hedge is short BIG. PVSP needs to drop the bomb on them...we need killer fundamental news that will drive the stock, not ihub pump and dump flippers.
g2..in your opinion do you think affiliate shorts took down the stock expecting the CD to convert? G3 connect news in november put a wrench in their plans. The stock traded over 100 million shares in May...how many shares were the shorts expecting on conversion?
contrarians are a part of this community, placed on multiple active boards in order to create more page hits, so they can attract advertising $$$. Who's the owner?
4 aces you trying to pick up any today?
you tapped out?
Any idea what % of the float is closely held?
Can we atleast get 1 contract wIth a big name to prove this is the real deal?
Need to see revenue #s, that's what will move the stock. Time to deliver
VWAP...they try to manipulate to get the average down, it's criminal when you see a 100 share trade go through on the bid.
ask size 795,209...several trades went through # didnt change
who are the possible suitors in your opinion?
Arthur, now that you mention tango, what patents do they have on VVoip?
were affiliate shorts or professionals who follow debt holders moves caught off guard and unable to cover the stock, once the cd was retired? You expose that and you get a better understanding about arty's attack on PVSP and WGAT....NO COINCIDENCE.
LOOK AT THE ACCUMULATION SINCE THE G3 CONNECT DEAL WAS ANNOUNCED IN EARLY NOVEMBER.
WGI trapped the shorts when they acquired Worldgate and retired the convertible. The stock ran from 5 cents to $1.50. Worldgate is a partner with PVSP.
Did the cd holder short the stock thru a affiliate, driving the stock down in order to convert for more shares? How else can they manipulate the price without hiring schmucks like arty
how does that compare to other apps for the same time frame download wise?
we need investors not penny flipping day traders
someone is looking to take this down to the 50day ma .0125 310k bid openned 018x.019 now .0125x.017 on no trades.
O-Tel Launches Video Calling | O-Tel Telecomwww.otelafrica.com/otellaunchesvideocalling/ - South AfricaCached
You +1'd this publicly. Undo
Nov 6, 2011 – ... with OJO Africa to offer terrestrial video calling, a first in South Africa. O-Tel's ... in Sandton, hosted by OJO Africa, part of the Richmark Group
brave...didn't the ceo just report a buy 750k at 2 cents?
GJ...thoughts on todays trading?
what broker do you short through?
what price you looking to buy at danny?
the casino is buying back at .018 what they sold others at .0349
thanks, but what financial interest do you have in the stock?
the bashing and fear tactics are directly related to the shorting of the stock. look at the timing of their posts.
was there anti-shorting clauses in the cd agreement? did the cd holders violate this clause? interesting case...great reading
Litigation Release No. 18003 / February 27, 2003
Rhino Advisors and Thomas Badian Settle Claims and Agree to Pay Jointly a $1 Million Penalty
SEC v. Rhino Advisors, Inc. and Thomas Badian, Civ. Action. No. 03 civ 1310 (RO) (Southern District of New York)
On February 27, 2003, the Commission filed a settled, civil action against Rhino Advisors, Inc. ("Rhino") and its president, Thomas Badian ("Badian"), for directing a series of manipulative short sales of Sedona Corporation stock that contributed to the decline in the price of Sedona's stock. Rhino, based in New York, NY, manages money for two overseas clients.
The Commission alleges that Rhino and Badian manipulated Sedona's stock price to enhance a client's economic interests in a $3 million convertible debenture (the "Debenture") that Sedona issued to Rhino's client. The Debenture, negotiated by Badian, obligated Sedona to pay the client $3 million on March 22, 2001. The Debenture granted the client the right to convert the Debenture into Sedona common stock at a discount to the market price during a five-day period prior to the conversion. Based on this formula, the lower Sedona's stock price, the more shares the client would receive on conversion.
The purchase agreement for the Debenture expressly prohibited Rhino's client from selling short shares of Sedona's stock while the Debenture remained "issued and outstanding." The Commission alleges that, despite this contractual provision, Rhino engaged in extensive short selling on behalf of its client prior to exercising the conversion rights under the Debenture and that this short selling depressed Sedona's stock price. According to the Commission, as a result of the depressed stock price, Rhino's client received more shares from Sedona when it exercised its conversion rights under the Debenture than it otherwise would have received. The Commission alleges that, following the conversions, Rhino engaged in wash sales and matched orders to cover the short positions and conceal the client's involvement in the scheme.
Without admitting or denying the allegations in the SEC's complaint, Rhino and Badian have consented to the entry of an injunction for violations of the anti-fraud provisions of the federal securities laws, specifically Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Rhino and Badian have consented to pay, on a joint and several basis, a $1,000,000 civil penalty. In addition, Rhino has agreed to respond to an order directed to it by the Commission pursuant to Section 21(a) of the Securities Exchange Act of 1934 and to hire an Independent Consultant, acceptable to the Commission, to review its compliance policies and procedures and to implement the Independent Consultant's recommendation. The settlement terms are subject to court approval.
SEC Complaint in this matter
http://www.sec.gov/litigation/litreleases/lr18003.htm
cd holders short the stocks, in order to capture more shares when the companies draws on the line like vultures, in order to overtake companies with potential. The cd's were retired, were they expecting those shares to cover their open short position? are there FTD'S due to this?
arthur, did the cd holders short the stock anticipating a conversion, before the cd was retired in early november? how do you explain the sudden increase in the accumulation of the stock since early November?
easy check out the RSI 70 level on the stock chart (overbought) line, along with the accumulation/distribution (which has gone straight up since early november since the g3 connect retired the $400,000 convertible note) you know cd holders are famous for shorting the stocks they take a cd in don't you?
predictable pullback. teh RSI was way overbought, we are now consolidating for the next leg up. happens to every stock when RSI exceeds 70 level....check out stockscharts.com
RSI NOW AT 58
RSI still overbought may test 200 day ma .022 or so
pvsp ceo just bought 750,000 shares at 2 cents, you think he wants his investment diluted?
Protects company from hostile takeover..great move
Was pvsp naked shorted in may 2011? Is there a short trapped in the stock that was expecting a higher rate of stock to become available from the convertible debt deal that was recently retired? Stock traded almost 100 million shares in may.
brokers are responsible for FTD'S PENSON RING A BELL? READ HOW BROKERS CONSPIRE TO MANIPULATE A STOCK NAKED SHORTING IN ORDER TO BENEFIT A OFFSHORE CD HOLDER....
Criminal Charges Brought In Sedona Short-Sale Case
By JUDITH BURNS
Of DOW JONES NEWSWIRES
WASHINGTON -- Federal prosecutors charged two brothers with manipulative short-selling of Sedona Corp. (SDNA) stock, bringing criminal proceedings in a matter that securities regulators settled earlier this year.
Andreas Badian , an employee of Rhino Advisors, Inc., a New York money management firm, was arrested Tuesday and released on $2 million bail after pleading not guilty to securities fraud, officials said.
An arrest warrant was issued for Thomas Badian , president of Rhino Advisors, and Andreas Badian's older brother, but he did not appear in court and his attorney, Victor Rocco, declined to comment on his whereabouts. Prosecutors wouldn't comment on reports Thomas Badian had left the country.
Rhino and its president paid $1 million in February to settle Securities and Exchange Commission allegations they manipulated Sedona stock to benefit an offshore client who held $2.5 million of convertible debt in the company. They didn't admit to or deny the SEC's claims. The SEC didn't charge the client, Amro International, a Panama corporation based in Switzerland, or Andreas Badian .
Sedona, a King of Prussia, Pa., technology firm, was delisted from the Nasdaq Small Cap Stock Market early this year and now is quoted on the OTC bulletin board.
The criminal complaint filed in federal court in Manhattan charges the Badians ordered aggressive short sales of Sedona stock through a New York broker.
Andreas Badian told the broker to sell Sedona shares short with "unbridled levels of aggression," and be "merciless" with it, prosecutors charge. He later congratulated the broker on a "good job" because the stock price had "collapsed," according to tape recordings of telephone calls to the broker, prosecutors said.
Short selling is legal, but in this case it violated Amro's financing agreement with Sedona. Prosecutors described the financing as a "toxic" convertible deal that guaranteed Amro more Sedona shares if the stock price fell. The deal specifically barred Amro from short sales of Sedona stock. Short sellers profit by selling borrowed shares and replacing them later when the stock price has fallen.
Prosecutors claim Andreas Badian directed short selling in Sedona shares in March, 2001, just before the conversion date. According to the complaint, "it appears that these short sales were designed to drive down the price of Sedona common stock," giving Amro a bigger block of stock upon conversion.
Moreover, prosecutors raised the prospect of "naked" short selling abuses in the matter, noting Amro never tendered shares to the broker within three days after the short sale, as required. As a result, the broker "failed to delivery approximately 700,000 shares of Sedona common stock that it had sold on behalf" of Amro, according to the complaint.
"Naked" short selling occurs when short sellers fail to borrow stock before engaging in short sales. The SEC proposed changes this fall to curb manipulative, naked short sales, but it has yet to act on the measure, to the dismay of companies and investors that claim to have been victimized by the practice.
Sedona, for its part, balked at the conversion and filed a counterclaim after Amro filed a civil lawsuit. Andreas Badian was less upbeat in an e-mail to his brother in Oct., 2001, saying "we set up all these elaborate structures with seperatye (sic) entities, etc., for protection, now it seems like it was all for nothing," and affords no protection.
"There is no way we can have this go into court," the e-mail continued. "Not with the records and the endless trader testimony."
Adam Hoffinger, a Washington, D.C., attorney who represents Andreas Badian , said "the criminal complaint contains virtually identical allegations to what was covered by a civil settlement with the SEC." He declined further comment.
SEC officials declined to comment.
-By Judith Burns; Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com
Updated December 10, 2003 9:23 p.m.
CD HOLDERS short the common, in order to get more shares on draw down, use those shares to cover their SHORT!! The CD HOLDER or shorts who follow their lead or direction of trade are the ones whining like little biatch's!! They commited a crime, its time to pay up!!
may 2011 PVSP traded 113,752,070 shares, what % of the O/S?..how many hedge funds and mms were expecting MAJOR conversion of shares from the CD?? THEY WENT SHORT EXPECTING TO COVER WITH THE CONVERTIBLE SHARES, THAT NEVER CAME!!! G3CONNECT IS A EQUITY PLAYER, THE CONVERTIBLE GOT RETIRED, THE NAKED SHORTS ARE EXPOSED WITH NO SHARES TO COVER!! THEY ARE GOING TO GET FRIED!!!!!!!!!!!!!
PVSP - PERVASIP CORP
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May 2011 April 2011 Year-to-Date
Volume Rank % Volume Rank % Volume Rank %
--------------------------------------------------------------------------------
Total Share Volume 113,752,070
--------------------------------------------------------------------------------
NITE
Knight Capital Americas, L.P. 36,065,330 1 31 3,008,029 2 29 44,282,411 1 30
AUTO
Automated Trading Desk 26,714,666 2 23 799,623 4 7 31,605,193 3 21
ETMM
E*Trade Capital Markets Llc 25,202,542 3 22 2,124,831 3 20 35,427,171 2 24
ASCM
ASCENDIANT CAPITAL MARKETS, L 7,502,939 4 6 - - - 7,502,939 5 5
PERT
Pershing LLC 6,327,974 5 5 218,425 6 2 7,259,596 6 5
UBSS
UBS Securities LLC 5,785,290 6 5 482,400 5 4 6,513,035 7 4
BMAS
Burt Martin Arnold Securities 3,485,372 7 3 3,493,981 1 33 7,563,173 4 5
NOBL
Noble Financial Capital Marke 588,100 8 <1 - - - 613,100 9 <1
PUMA
Puma Capital, Llc 529,976 9 <1 - - - 529,976 10 <1
RAFF
Rafferty Capital Markets, LLC 353,300 10 <1 - - - 353,300 11 <1
LAMP
Lampost Capital, L.C. 287,500 11 <1 - - - 297,500 12 <1
STXG
Stockcross Financial Services 214,400 12 <1 10,000 10 <1 286,400 13 <1
DOMS
Domestic Securities, Inc. 180,300 13 <1 10,000 10 <1 245,300 15 <1
AABA
Chardan Capital Markets LLC 160,752 14 <1 - - - 160,752 16 <1
VFIN
vFinance Investments, Inc. 130,500 15 <1 45,000 8 <1 1,306,652 8 <1
HDSN
RODMAN & RENSHAW, LLC 91,729 16 <1 81,000 7 <1 269,829 14 <1
MAXM
Maxim Group LLC 39,000 17 <1 - - - 65,057 17 <1
VERT
The Vertical Trading Group 22,400 18 <1 162 11 <1 48,462 18 <1
ARCA
Archipelago Trading Services 20,000 19 <1 - - - 30,000 20 <1
SUNR
Sunrise Securities Corp. 20,000 19 <1 - - - 20,000 21 <1
WDCO
Wilson-Davis & Co. Inc. 20,000 19 <1 - - - 20,000 21 <1
CSTI
Collins Stewart LLC 10,000 20 <1 20,000 9 <1 34,000 19 <1
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