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The email does seem to clear up the phony asset purchase issue. I think it's a good sign.
I agree. I think the company may have been screwed on this deal too. They wouldn't bother responding with an e-mail this in-depth if they were the scammers here.
mptrs - Thanks for sharing!
Wish we knew why the ticker was restated...
Sitting on a beach in Jamaica......
Yay! I'm not giving up hope!
I vote breakout. Ed Lonergan is an excellent CEO. He's known for turning companies around. I worked for the company that he came to CQB from. The guy is amazing!
I vote breakout. Ed Lonergan is an excellent CEO. He's known for turning
I'm a BRGO fan as well!
Thanks for the info. That's where I was finding the 7,000 too. I'll be interested to see the update. I wonder if we will see that amount increase substantially.
I haven't looked at this in detail yet but it Looks like there could be a lot of shorts out there that may need to cover....
http://otcshortreport.com/blog/daily-otc-short-report/daily-naked-short-numbers-for-april-15-2013/
TenKay,
From what I'm seeing, the 7,000 short interest is as of March 28th. The "promo" & crash happened in April. Are you seeing the same amount as of the day trading was halted? If so, where can I find it?
Hey guys, just wanted to share what I think is a good buy....check out EPGL. There is a lot of good DD in the stickies on the board. You'll also want to check out their website (epglmed.com). The company is kicking off 7 days of conference calls to increase awareness of the company. The calls will be led by them. Call in info is on their website. You can also follow them on twitter.
I think this is a great one for holding longer term. The best this is that it's not being promo'd. From what I've read so far, they don't like the idea of using paid pumpers.
Impatient traders that want the pps to skyrocket immediately.....
Me too!
I think Garyst explained this In earlier posts. Probably best to go back and look so he doesn't have to rehash it.
Chirp.....chirp.....chirp...... (That's the sound of crickets....). Guess he doesn't care to share, LOL!
Thanks Garyst! I'll check it out. I figure I don't have much to lose at this point, so why not take the chance and hold out for a little while. Do you think that FINRA will ever disclose their reason for halting BOPT & moving to the greys? I know they give a generic halt code, but I'm wondering if they will clarify more after their investigation.
Would you mind sharing which companies you've had this happen with? I'd like to go back and see how they traded right after trading resumed (I assume there was some activity early on).
I agree that it's not new info, but, my point is that they are still communicating. If I was a scammer, I would complete the scam, disconnect my phone, and skip town before people figure out they've been scammed. And I sure as heck wouldn't care about responding to some losers email that's whining about being taken by the scam......
So let's just pretend for a moment that FINRA discovers that the evil shorts did take this down. What would that mean for us shareholders? That they now have to cover I assume?
I've already mentally written this one off as a loss, so, I'm taking the chance and not going to try to dump my shares right away when trading resumes. I figure I'd get next to nothing if I dump right away anyway, so I'm going to wait a bit and watch time & sales to see if I can get a feel for where the pps is going. I have a order in to sell my shares at my break even price for now and will adjust based on what I'm seeing. If anyone else considers doing this, just make sure you sell before volume drys up!
I received another email from BOPT this morning. It may be wishful thinking but I think it's a good sign that they are still communicating.
Here's an updated e-mail string (start from the bottom & go up):
Thanks for the offer. We have been in contact with FINRA and are waiting for an update from them now.
Corporate Relations
Eco-Trade Corporation (OTCQB BOPT)
www.ecotradecorporation.com
Ph: 855-OIL-WEST / (855) 645-9378
This E-mail may contain forward-looking statements within the meaning and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. This information is confidential information covered by the Communications Privacy Act, 18 U.S.C. Sections 2510-2521 and is legally privileged. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. The contents herein are not intended to be and are not an advertisement for any securities of the company.
-----Original Message-----
From: Angie
Sent: April-18-13 9:29 AM
To: info@ecotradecorporation.com
Subject: Re: Thanks!
Would asking FINRA to blue sheet the trades help resolve this? If so, I will email them and will also ask others to do the same.
Sent from my iPad
On Apr 18, 2013, at 12:09 AM, info@ecotradecorporation.com wrote:
No insider is dumping.
Email FINRA and ask them to blue sheet the trades
Sent from my BlackBerry® smartphone
-----Original Message-----
From: Angie
Date: Wed, 17 Apr 2013 23:52:25
To: <info@ecotradecorporation.com><info@ecotradecorporation.com>
Subject: Re: Thanks!
Thanks for the reply. I read the release. It's not the shorts. Please tell Eco-Trades insiders to stop dumping shares so the pps can recover. It's a shame that their greed took the company down so quickly. No one is going to want to invest in BOPT in the future. I know I won't be!
Sent from my iPad
On Apr 17, 2013, at 5:36 PM, "Eco-Trade Corporation" <info@ecotradecorporation.com> wrote:
Dear Madame:
We are preparing a news release now outlining our actions to resume
trading and have been in direct contact with FINRA.
Regards
Corporate Relations
Eco-Trade Corporation (OTCQB BOPT)
www.ecotradecorporation.com
Ph: 855-OIL-WEST / (855) 645-9378
This E-mail may contain forward-looking statements within the meaning
and the provisions of the Private Securities Litigation Reform Act of
1995 and is subject to safe harbor created by these sections. This
information is confidential information covered by the Communications
Privacy Act, 18 U.S.C. Sections 2510-2521 and is legally privileged.
If the reader of this message is not the intended recipient, you are
hereby notified that any dissemination, distribution or copying of
this communication is strictly prohibited. The contents herein are
not intended to be and are not an advertisement for any securities of the company.
-----Original Message-----
From: Angie
Sent: April-17-13 1:56 PM
To: info@ecotradecorporation.com
Subject: Thanks!
....for screwing your shareholders!
140k shares
This is fun! I'm usually late to the party!!!
Careful.... I haven't read much about it, but he may be two-for-two now.... First BOPT & now BRND.....
FYI..... The following was posted today on twitter by George Sharp:
"Advance warning, I am coming after $HIDC next if the pump continues on Monday. Don't say you weren't warned. #pennystocks"
Sell at .0015 needed beer $$ for tonight.....
My dog is growling at her food right now. Hmmm...
Hope is a good promo...cause I got BOPT pretty bad! ;)
ETRF = Fake Wall
Sorry....SRGE......not SERG
SERG recently went through this too.
I bought in on Friday after e-mail & averaged down yesterday morning. Now who's the dumb a$$?! LOL!
You're in good company..... From what I've been reading, a lot of people got burned, including myself. This was my first (and last) SMA play. I learned an expensive lesson though, set stop losses right away. It's not always a guarantee that the stop loss will work (it could get skipped over) but at least you have a better shot at getting out if the stock starts tanking fast. It worked beautifully for me yesterday when HIDC tanked late afternoon.
No, it pretty much means the shares are worthless. The silver lining is that if you can sell your shares, you should be able to write the loss off (or offset realized gains from other stock sales) on your tax return.
You left half of what I said out of your "quote".
I agree that the purpose of a promo is to generate buying interest so that insiders can dump, which is why I said that the big dump will eventually come, just usually not 20 minutes after the pump starts. Usually, the promo company pumps, buying increases, pps goes up, insiders dump, pps tanks.
This one took 20 mins. Horrible!
But my second point was that they were "smart" to dump when they did, but only because we now know how the promo went. I would assume that the insiders would have expected the pps to go up with the promo starting and that they could sell into the gains. Of course the big dump day would come, but not 20 minutes into the promo. I'm going out on a limb here, but I don't think that insider dumping caused this.
?? I think we were trying to say that based on how the promo went, if insiders were dumping right when the promo started and when the pps was high, it was "smart" of them to do so, since the pps tanked soon after.
I agree it was smart, but only in hindsight.