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AdultProdigy - If he can verify it. Shorts do get squeezed, even illegal naked shorts, but as I said way earlier tonight, I don't understand why some shorts get squeezed and others seem to skate out the back with their money. I am no expert on illegal shorting although I have read numerous articles subject.
AdultProdigy - I like that. There's nothing I can do about it either way. A bounce would still be nice. If it bounced over a penney, it might just keep going. Either way, I'm pretty much stuck until it gets to my break even point of .0056, but I want to do a lot better than break even. A couple of days ago I'd said an average of .0056 would be good, but not so sure now. Time will tell
AdultProdigy - I believe you are right in that is the limit that can be legally shorted, but naked shorter are not limited to the legal limit. These guys borrow nonexistent shares all the time. Then they turn around and sell these counterfeit shares to legitimate buyers, in effect crating new tradable shares. This is how companies end up diluted far beyond their knowledge. It is like a ghost dilution, but the effect on the Company can be far worse than actual dilution because there can be many more shares owned by shareholders than actually exist. At least this is my current understanding of the subject.
pk341622 - I think that we might see it start run up again if it can just break the .01, which admittedly seems afar off from where we are at. But maybe not as far as we think if we can just get some decent Volume, like over 100 Mil.
AdultProdigy - What I don't understand is how anybody can keep track of the number of shares that have. Even shorted if naked shorters can continually borrow shares that don't exist. Does the lending broker report how many shares he loaned that don't exist? Do you see what I mean. This is why some companies see more shares being dumped than the total Authorized. Sometimes several times the Authorized Shares.
pk341622 - There's not much I can do about it now, but I find no reason to believe we will get a bounce between now and the next PR, and like I said, I hope the nest PR has more lift than its predecessor.
pk341622 - I agree with you.
firebag1 - I thought it was a great buying opportunity, but it kept going down every time I bought except for my .0031 buy. It's just laying there now. I wonder if naked shorting is inflating the float with nonexistent shares.
bullishtrade - I just figured all the selling was a combination of profit taking, fear selling and maybe naked shorting MMs. Why do you think all of this dumping is one person or entity?
bullishtrade - Do you think one person is doing all this selling.
pk341622 - My ears are itching to know when the bleeding will stop? Also itching to know the plan.
J_MAC - .10, that's what I'm talking about!
pk341622 - It would be nice if people would stop dumping, but the Company coming out with substantive PRs is the best way to stop it.
Pennyanarchy - I hope the next PR has more lift than the last one.
I have tried buying on the lows, but it just kept going lower. I bought some today at .0031. I hope it goes up pretty soon.
This board's activity does seem to be dropping off. Maybe things will pick back up soon.
Required Volume - am starting to think is will take something over 120 mill shares in a single trading day to really get this puppy off the ground.
Ole Broke Azz - So, where do you think this puppy will bottom out before it heads north again?
Ole Broke Azz - I hope you are right in the extreme!
To anyone: This is a follow up question to my last post to try to gain understanding why some naked shorters cover ahile others seem to get away with never covering their positions. . Ok, hypothetical Question.
I'm a MM naked shorter who borrowed 100K shares that don't exist. I sell the shares for their current value of $1.00. Now the stock goes to $2.00 and I am forced to cover at $2.00, but there are no real shares available, so rather than be squeezed, I borrow 100K more shares that don't really exit, but don't sell them. Rather I use them to replace the first 100K. So now I have a $100K shares covered and a $100K more shares that I will need might need to cover at some point in time if the stock goes up. Why can't I continue to do this as long as my money holds out or until the stock crashes, which in the latter case would allow me to cover and still make a huge profit.
The key here is to have the money in my Margin account necessary to continue borrowing stocks that don't exist to cover without being squeezed. And if the stock continues to go north, then I get out of my predicament by failing to deliver the shorted shares, which MMs do all the time.
Remember, this hypothetical is a well financed MM who is not limited by the same rules as a regular investor.
DI4 - I'm an STHG Long. Maybe I have this all wrong, so please educate me here. How can you force naked shorters to cover since they can borrow and sell share that don't exist, which results in virtually unlimited dilution of the stock? I'm not saying they won't cover, but I don't understand what will force them to. I have seen other stocks that people thought the shorts would eventually have to cover, but they never did. Also, a CEO recently told me that MMS can short virtually any stock.
Tuesday??? - Does anyone here have any down to earth thoughts about what will happen on Monday? Do you think the upward trend we saw at the close will continue on Monday morning, and if so, then please explain why?
spidey - Things are starting to pick up with DNRR. Financing is key to developing their mining operations. Now that they have it, we should see some yellow in the bottom of our pans in the near future.
Thanks for your reply. Let me ask you 3 more questions. How did you leard about Zion's gift to Hal? What motivated the gift? Does this gift constitute some or all of Hal's position or did Hal purchase most of his shares?
Dilution - If I understand, this "Offering" will dilute ZN by 50%, which should push the stock back to about the $4.00 range. So, rather than buying in more in order to exercise the offering at $5.00, why not just keep your powder dry until the effect of the dilution happens, at which time you may well be able to get all the shares you want for around $4.00? Does this sound about right to anyone else here?
Generic - Do you have evidence that Hal was ever given free shares of ZN?
Windough-Shopper - So when do you speculate we will see some news about contracts?
Hey Window-Shopper, who, pray tell, do you theorize will take over IVDN for $5.00 and how long do you think it might be?
ZN Hal Lindsey Vidio that talks about ZN. The ZN stuff is towards the last half of the vido.
http://www.hallindsey.com/videos/?vid=132
Zion Oil and Gas Inc., Stock Symbol ZN
Home Page
http://www.zionoil.com/
Zion's Joseph Project
http://www.zionoil.com/about-the-joseph-project
This is the PDF you need to read.
http://www.oilinisrael.net/resources/biblical-treasure-hunt-free-pdf
More info
http://www.oilinisrael.net/tag/zion-oil-gas
Contact Info:
http://www.zionoil.com/contact-us
Message Boards
Yahoo
http://messages.finance.yahoo.com/mb/ZN
I hope to have more maps soon.
Thats a great vidio. I expect DNRR will have a nice run in the near future.
Materiel Support for BOENG - Did you notice the reference to Boeing?
"New Century Companies, Inc. is a publicly traded aerospace company based in Southern California. New Century is an emerging world class supplier of aircraft assemblies, structural components, and highly engineered, precision machined details for the United States Department of Defense, United States Air Force, Lockheed Martin Corporation (NYSE: LMT), The Boeing Company (NYSE: BA), L-3 Communications Holdings, Inc. (NYSE: LLL), the Middle River Aircraft Systems subsidiary of General Electric Company (NYSE: GE), and other aerospace companies, aircraft manufacturers and defense contractors. The Company is also a leading manufacturer and remanufacturer of specialized aircraft machining tools, including vertical boring mills and large Vertical Turning Centers used to manufacture the largest jet engines, airplane landing gear and other precision components. New Century has offices and production" facilities in Santa Fe Springs and Rancho Cucamonga, California.
Denarii Resources Announces British Columbia Securities Commission Cease Trade Order Update
CARSON CITY, Nev., Feb 4, 2010 (GlobeNewswire via COMTEX) -- Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3), the board of Directors of Denarii Resources Inc. are pleased to announce that Denarii has retained a British Columbia lawyer to work with management to respond to the British Columbia Securities Commission (BCSC) questions and to have the cease trade revoked by the British Columbia Securities Commission.
The lawyer's practice includes advising Bulletin Board companies that are reporting issuers in British Columbia (Denarii is a reporting issuer in British Columbia) and dealing with the removal of Cease Trade orders. The Company advises that it is working with its professional advisors to remove the Cease Trade Order in an expeditious manner.
About Denarii Resources, Inc.
Denarii Resources Inc. is in the mineral resource exploration and development business and currently owns a 100% interest in the McNab Molybdenum property located in South-West, British Columbia, Canada. Denarii has also entered into an agreement to acquire two coal concessions in Chile, South America. Denarii is continually moving forward with researching and acquiring multiple assets that it hopes will generate positive cash flow for Denarii. Denarii is presently reviewing a number of precious metal properties. These properties are near or in production Gold and Silver properties located in North, South and Latin America. Specifically included in the companies due diligence is a Gold property in South-East California and a Gold, Silver and Copper property in South America, as previously announced in other corporate news releases. Denarii was founded in 2006 and is based in Carson City, Nevada. For more information, please visit www.dnrrinfo.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its website at www.dnrrinfo.com.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Denarii Resources Inc.
By Staff
CONTACT: CONTACT: Denarii Resources, Inc.
Stuart Carnie, President
1-352-361-1659
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: MINING
LEGAL
METAL
Company Announcement
Hi Randy. This is David from Leavenworth. I just took a decent position in DNRR.
It's about time you all figured out what a great sleeper this is. This puppy is cocked and ready to rock! Glad to everyone on board!
NCNC, IMHO, is a smoldering volcano about to erupt.
I expect this will be a great year for NCNC.
Val - What did you think of the News?
FTER heading north...
I agree with you!
I wouldn't be surprised if we don't see some real northward movement real soon. Watch the Volume.
NCNC - Great news.
NCNC is beginning to show real strength again. This could be over a dollar real soon and vould easily be a 3-4 dollar stock in a few months!
ClayTrader - have you looked at NCNC? They just completed a huge merger and now have $27 million in back orders and announced yet another new order from another new client Sikorsky Aircraft. Things are really popping at NCNC. I expect we will see more news in the shot term and a breakout when volume overcomes MM manipulation who are frantically trying to cover their shorts.
Please let me know what what you think?
Links here:
NCNC Website:
http://www.earthtimes.org/articles/show/new-century-companies-inc-precision,1005620.shtml
IHUB Website
http://investorshub.advfn.com/boards/board.aspx?board_id=4075
Yahoo Website
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_N/messagesview?bn=95572
, Here is most recent PR:[/U]
New Century Companies, Inc. Precision Aerostructures Group Receives Order From Sikorsky Aircraft
LOS ANGELES, Oct 20, 2009 /PRNewswire-FirstCall via COMTEX/ -- New Century Companies, Inc, (OTC BB: NCNC), announced today that its subsidiary, Precision Aerostructures, received a new order from Sikorsky Aircraft, a world leader in the design, manufacture, and service of military and commercial helicopters. The initial order is for aerostructure fuselage components.
Mike Cabral, President of Precision Aerostructures stated: "We are very pleased to welcome Sikorsky Aircraft to our customer base. Our new association with New Century Companies has increased our working capital and allows us the opportunity to expand our presence in the aerospace market. This and future expected business will continue to increase and grow our $27,000,000 in backlog of orders."
About New Century Co.
New Century Companies, Inc. is a supplier of structural aircraft components and assemblies, as well as a leading re-manufacturer of machine tools. New Century, through its wholly owned subsidiary Precision Aerostructures, specializes in engineering and manufacturing precision details for the aerospace industry that perform reliably in harsh conditions, including high and low temperatures, severe shock and vibration. New Century also is a leading domestic manufacturer of machine tools, primarily vertical boring mills and large lathes such as Vertical Turning Centers (VTC). Precision serves major aircraft builders such as General Electric, Boeing L3 Communications and Eclipse Aerospace. The Company has production facilities in Rancho Cucamonga, CA and Santa Fe Springs, CA.
For more information please visit New Century's website at www.newcenturyinc.com or Precision's website at www.precisionaerostructures.com.
Safe Harbor
Forward-looking statement: Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions and other risks detailed from time to time in the Company's ongoing quarterly filings, annual information form, and annual reports. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.
CONTACT: David Duquette, CEO, New Century, Phone: (562) 906-8455
SOURCE New Century Companies Inc.
www.prnewswire.com
Copyright (C) 2009 PR Newswire. All rights reserved