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Hey Slick! Don't know if you read this? Quite interesting. And you said naked short sales aren't happening here in the OTC, particularly VLDI. Sounds to me like its rampant and it makes you wonder about the "false whisper" campaigns the article mentions, particular here on IHub. Ahem!!
Naked short sellers squeezed by Supreme Court
In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.
The high court ruled unanimously that shareholders are not confined to federal court when seeking recourse for securities violations. Granting due deference to the important role of state courts, the Court reinforced federalist principles while clarifying congressional intentions to limit the federal governments role.
The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Courts opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence.
In 2012, businessman Greg Manning sued Merrill Lynch and other financial institutions in New Jersey state court for purposefully devaluing his company through systematic naked short-selling a term used to describe selling a stock a seller does not own and has not borrowed. In standard short sales, traders either borrow a stock or make sure that it can be borrowed prior to selling it short in the hope that its value will fall before the transaction must be covered.
The practice has come under increasing scrutiny and has been banned in Germany and other major economies.
Read more: http://tinyurl.com/jgz257w
The complete SCOTUS opinions are here: http://www.supremecourt.gov/opinions/15pdf/14-1132_4g15.pdf
Continuing from the article Naked short sellers squeezed by Supreme Court: (Underlines added below for emphasis.)
While legitimate short-selling remains an accepted financial practice, manipulation by false rumors and naked short-selling has taken a serious toll on emerging industries. Biotechnology industry insiders have for years pleaded with the SEC to block the illegal short selling and false whisper campaigns that plague the industry. Smaller technology-driven companies frequently lack the resources to deal with attacks that drive down stock prices, crippling research and development budgets.
Great News! WOWZER!!!!!
Seaniemac UK Reports Record June Results
HUNTINGTON, NY--(Marketwired - Jul 6, 2016) - SeanieMac International Ltd. (OTC PINK: BETS) announced today, that after an impressive May with booked revenue in excess of $1.2 million, SeanieMac continues to see record results in its sportsbook and casino revenues (turnover) for the month ended June 30, 2016.
Total Revenue for June 2016 was $5,045,000, an increase of over 300% from the prior month. Preliminary 2nd Quarter revenues were $7,370,000 versus $2,656,000 for the 1st Quarter 2016. This reflects an increase of over 270% in Quarter over Quarter revenues.
Gross profit for June 2016 was approximately $200,000.
SeanieMac CEO Shane O'Driscoll stated, "We continue to make outstanding progress with our sportsbook and casino properties. We are driving the business forward and look forward to our upcoming launch."
Safe Harbor Statement
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of SeanieMac International, Ltd. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding our expectations regarding amounts staked and gross profits and our marketing initiatives. Such risks and uncertainties include, among other things, the uncertainty regarding consumer preferences, a decline in the popularity of our website and competition in the online gambling industry. SeanieMac assumes no obligation and does not intend to update these forward-looking statements.
A further description of risks and uncertainties can be found in SeanieMac International, Ltd.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and in its reports on Form 10-Q and Form 8-K.
SeanieMac CEO Shane O'Driscoll Interviewed on TheStockRadio.com
http://finance.yahoo.com/news/seaniemac-ceo-shane-odriscoll-interviewed-110000806.html
Validian Closes Another Important Refinancing, Further Improves Balance Sheet
http://finance.yahoo.com/news/validian-closes-another-important-refinancing-160800923.html
You are correct. Analyses are complete rubbish.
Sounds like this should be your last post? Signing off...
Why stick around? I mean right? Why waste time? They have no product.
I agree. You make many good points, particularly about RDRD, which is hugely important.
I think a mod should sticky your post!!
So you won't say Bruce is a complete 100% scam artist? C'mon. Say it.
So what you are saying is Bruce is a liar? Every PR is all lies looking to manipulate and fool investors out of there money?
Is that what you are saying! Please do!! Post it right hear!
Well said Doc!
Same dude who perseverated about reverse split a few months back. Just a new topic now acting like a scorned women.
Agree 100% that people around the entire WORLD love to LEGALLY gamble online.
Limited growth? Are you kidding? Both are legal in my state and both do exceptionally well, regardless of their legal woes in certain states.
Good luck shaking shares loose at the price you want. You seem like a pro.
You obviously have had zero contact with Shane directly and don't know of him or the type of guy/CEO he is? Truly is of high character. He and Garreth Core, the COO.
Just read FanDuel and DraftKings are looking to merge. Very interesting!! M&A in action in the online gambling and casino world which is great. It needs it badly. I BET's we read something soon about a new partnership or acquisition.
Ever since the recent 8k I've been deeply curious about what it all meant. So, I asked a buddy somewhat familiar with V and got a little help interpreting and I thought it was worth sharing.
Briefing Notes
Have spent some time analyzing the recent Validian news release and Form 8K and related financial transactions and making some phone calls.
This certainly doesn't seem like the standard reorg or financing for a penny stock - in fact in 15 years neither I nor anyone else I have talked to has ever seen a deal like this before. Normally, new investors come in a penny stock play via a preferred and cram the existing shareholders down, instead of increasing the % share position/ownership and share valuation of all existing shareholders like me.
Instead, a group of new, sophisticated and deep pocketed investors have done their research and concluded that Validian is worth an investment at $0.10 per share, which is an estimated market cap exceeding $60 million and a significant multiple to the recent and historical trading price of the stock. They could easily have stepped into the market and bought free trading shares at prices of 70% to 80 % less. Furthermore, there are no fees, no warrants or options, no dividend or interest coupon coverage and no special voting rights. No savvy investor makes this investment in this kind of structure unless they have done their homework. They probably have a deep understanding of the magnitude of the potential for an alternative cyber security approach that solves major problems not currently solved by existing cyber technologies. The company that achieves this will obtain exponential growth in valuation and revenue in a short period of time.
They can't be doing this investment at this premium to make only 5 to 10 times their money. They seem to have invested at a deep discount to the range of private market valuations on the bet that Validian is very close to achieving a breakout and that the working capital they have provided will enable Validian to either sell as a technology or build as a revenue generating company (or both) at 10 to 50 times the current range of private market valuations to which they invested at a discount. This is not a penny stock play.
And no group of investors who are longstanding first position secured creditors (the 10% Secured Notes date from 2009 to 2011) ever gives up their security and a 10% coupon for no fees, no warrants or options, no dividend or interest coupon coverage for a "Liquidation" play - not ever. They also have done their homework and agreed, and obviously discussed with the new investors, that this play is for a multiple of the private market valuation, which is what emerging technology companies sell for if they have the working capital and a relatively clean balance sheet to execute.
Some much smarter and wealthier people than me have done more homework than we have and have just made a fascinating play at a very particular time. This deal didn't get structured in a week. So I am very intrigued as to what is coming.
U.S. warns banks on cyber threat after Bangladesh heist - Reuters
https://apple.news/AAm7aZl7pQB6S845x5u7ztg
Validian Corp. (VLDI), a leading innovator in cyber security technology, is pleased to announce that its OEM customer, a solutions provider, has signed an agreement with Validian to integrate its core cyber security technology, ValidianProtect, into one of their main commercial solutions.
Their solution is currently deployed into Banks, large Enterprises and Government departments. The solutions provider is integrating ValidianProtect as part of an upgrade to its existing solution to take advantage of a number of Validian's innovative features and capabilities, including its Cyber Security Information Policy Management Platform.
Completion of the upgrade is scheduled for March 2016, largely due to the ease and speed of integrating ValidianProtect. Upon completion, the upgraded solution will be deployed with existing and new customers.
Just for perspective....
Analyst have given Amazon (AWS) $150 Billion (w/ a B) valuation.
http://www.fool.com/investing/2016/06/07/this-analyst-says-amazon-web-services-is-worth-150.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2&yptr=yahoo
Goes to show you how massive of a market that exists in cloud and mobile. So when Bruce mentions the word "going viral", he really means it.
Even if it's a smaller competitor, the numbers are ridiculous.
This will not be huge!!! It will be MASSIVE.
I TOTALLY agree Gello!
That's exactly right Pip.
Validian Closes Significant Financing, Strengthens Balance Sheet
http://finance.yahoo.com/news/validian-closes-significant-financing-strengthens-110000841.html
Less emotion. More cerebral cortex.
"What is important is that the so called trial OEM mobile application launched in late October 2015 has not ended in a definitive contract or any indication of a Global launch."
And you would know this how? Please share.
Simple reason explained...
The extra time is needed as a result of the acquisition of the assets of ApolloBet in February which required the consolidation of 2 years of new data and a valuation of the assets.
News out!
HUNTINGTON, NY--(Marketwired - May 23, 2016) - SeanieMac UK (OTC PINK: BETS) announces it had processed its 100,000th bet for the year. The accelerated numbers have already surpassed the total for all of 2015. Total turnover revenue and first time bettors in 2016 have also already surpassed the entire 2015 total in both respective categories. We are excited to see the merger beginning to substantialize as we continue to attract more users and grow revenue dollars faster than anticipated We are anxious to have our finalized 1Q filing out soon and look forward to more benchmarks being met as the year progresses.
SM has been around since inception. We've come a long way since the high of .19 a while back.
Our time is near my friend!!
Strong close and solid week!!
Quiet period...
During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:
New deals or wins signed in that current quarter. Announcements about previously sold implementations going live are allowed but must be explicitly described as such.
Management changes
Progress against company goals
Major product or service announcements
Major partnership announcements
Nailed it! Rational thought and clear ability to connect the dots is appreciated SeaWa.
That's exactly right. This new cash injection from RDRD is a huge statement and reflects the utter confidence the original investors have in this operation.
Whoa! Nice uptick in volume.
CDEL appears to be culprit
I love Koolaid!
Patience will pay off big here. I have zero doubts.
Yup. Good things on the near horizon. That's what I'm hearing.
When the Q is released (soon) all will see.
Dude! You're a genius!
Now this is an interesting story, but not surprising that our Government and US ARMY would spend $12 Billion on mobile communications and it's still hackable. WOW!
http://bloom.bg/246NCOL
Technically mobile... Then cloud.
Bwahahahaha! Now that's funny dude....