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RE: Today is our day...The luck of the 13th is all positive today.
It is also the 13th day that we have traded in the channel above .03!
Wow! We actually have a trade today.
I think this is the first one this month - LOL
Fish... I wouldn't worry about the daily chart since it is obviously skewed by the bad tick. Hopefully they will get it corrected. The .0038 trade does not show up on my intra-day chart.
This is a truly great PR today that will unfortunately fall on deaf ears.....
Universal Express Exposes Trillion Dollar Tax Scam
"The facts are simple. Sell a stock you do not own. Push the share price down. Force the Company to fail. The failed stock never has to be purchased, and since there is no mandated buy-in after a company fails, almost everyone loses, the employees, the shareholders and now the Federal Government. It's a tax free way of making money,"
Full PR:
http://biz.yahoo.com/iw/070410/0236958.html
Great PR today on tax free short selling profits
http://biz.yahoo.com/iw/070410/0236958.html
Universal Express Exposes Trillion Dollar Tax Scam
"The facts are simple. Sell a stock you do not own. Push the share price down. Force the Company to fail. The failed stock never has to be purchased, and since there is no mandated buy-in after a company fails, almost everyone loses, the employees, the shareholders and now the Federal Government. It's a tax free way of making money,"
Thanks zoro but what is the real difference between....
1. Counterfeit share
2. NSS
3. FTD
As far as traders are concerned, I think they are all imaginary shares and quack like a duck!
What is the difference between PMCL and BHUB?
The story on both sounds very similar to me except that BHUB is just an empty shell and PMCL already has a real business.
If the FTDs are real and the numbers as high as volume suggests, this could be even bigger than BHUB.
JMHO
I can't believe they continue to spam this stock after the SEC recently suspended trading in 35 stocks for this same type of activity. I must have deleted well over 100 unsolicited e-mails in the past 3-4 weeks just on this stock alone.
A technical bounce is looking pretty likely here but I plan to wait until next week before making a buy decision.
8 million share block finally moved MM VFIN off the .0015 Ask.
How many shares do they have? Watching today's trades, I see VFIN selling well over 100 million shares.
I see almost 75m dilution from SEC filings
S-8 filed on 1/16/2007 - 50m
SB-2 on same date - <25m
It will take a long time to dump those shares IMO. The average daily volume on this stock is not very high. I don't expect ONGO PPS to recover until we have a big volume sell-off.
Bill Panetta likes the chart for next week but he is a technical guru and probably not heavy into DD.
http://www.investorshub.com/boards/read_msg.asp?message_id=18524121
EDIT: I also like the chart!
43.7 million shares traded on March 9
This is what the SEC needs to investigate. If the float is indeed as small as some report, this is the logical place to start.
Who sold all of these shares and through which MM???
There are no convertible shares but they do have a dilutive line of credit.
"On January 7, 2005, the Company entered into an Equity Line of Credit Agreement with Ocean State Investments whereby the Company shall issue and sell to the investor, from time to time, shares of the Company's common stock in exchange for advances to the Company up to an aggregate of $5,000,000. The Company shall utilize the net proceeds from the advances for working capital purposes."
Source: 10-Q filed on 11/20/2006
My guess is they are using the credit line and have issued additional shares. I'm watching this one but will not touch it until a bottom is confirmed or more info is known.
OS as of 12/28/2006 - 918,172,841
Source:
SC 13D filed with SEC on 1/17/2007
The last previously reported OS was 333,846,802 on November 20, 2006.
Lots of good news but also lots of dilution.
The VIRTUAL MAGAZINE is quite impressive.
There seems to be some really positive things going on with Warp 9 but the stock remains under the radar for now. Some revenue/profit projections for the PayPal partnership would certainly have helped.
WARNING - CYTV being PUMPED by unsolicited e-mails!!!
I've had at least that many SPAM e-mails for this stock. I guess the recent SEC action to halt stocks for this very reason has had little effect on the crooks involved.
Touché
Please restore my deleted message. It was not off topic nor was it IMO.
BAD day for GOOD news
The ugly market is probably holding this back for now but the news is good enough to hang on for awhile to see how it plays out over the next few days.
You are wrong. I have not joined any club. These e-mails were unsolicited. I get them every day for different stocks and I am delighted that the SEC is finally taking action to stop this.
I have to agree with you. I have seen lots of things during my DD that make me nervous. Along with some creative financing on the Stonewall note, it seems they make a few enemies here and there. This may well be heavily shorted but I'm starting to believe the shorts will win the battle and the war.
I have bought this on several occasions when I thought it was ready to bounce, but each time I have been disappointed. I sold at .018 this AM and will only be a spectator in the future.
Too many RED FLAGS!
Stanford = Michael Mak, your new President & CEO
Ref: 2005 Annual Report (see History)
"A Form 13D was filed on June 28, 2004 denoting the beneficial ownership of Stanford. Furthermore, on April 16, 2005, Mr. Mak purchased 100% of the ownership of Stanford from Carson Kwong and Steven Wong. Michael Mak is also the Chief Executive Officer of Stanford and has the power to direct Stanford's votes."
Charlatan... Guess who that single shareholder is...
"(2) Michael Mak, our Chief Executive Officer, Interim Chief Financial Officer and director, is also the Chief Executive Officer and a beneficial owner of 100% of Stanford International Holding Corporation, or Stanford. According to the Schedule 13D filed with the United States Securities and Exchange Commission on June 28, 2004, by Stanford, in which Stanford owns 11,500,000 shares (approximately 57.9%) of our issued and outstanding Common Stock."
If you are so much better at DD than me, you will already know where I found this info.. Now he has another 100 million non-dilutive shares!
touché!
My post is based on DD; non an agenda
What about all the shares Mr. Mak got in the October 30 8-K filing???
"On October 24, 2006, the Company filed a Certificate of Designation with the Secretary of State of Nevada creating a new class of stock, designated as Series A Convertible Preferred Stock (“Series A”). The designated amount of Series A is 500,000 shares (“Series A Shares”) at a par value of $0.001. The Series A Shares are convertible at a ratio of 200:1 and is non-dilutible or reversible.
Mr. Mak will receive a stock award of 500,000 shares of Asia Global Holdings Corp. Series A Convertible Preferred Stock, which will vests within 15 days of the execution of the Agreement."
100 million shares??? (500,000 X 200 = 100,000,000) plus S-8s of 25m and 30m plus last reported OS of <30m
Based on trading volume, I would not be surprised if the current OS is much higher than 80m. IMO, it is probably closer to to the AS (199.5m). An increase in AS may be right around the corner.
GLGT would have done better without the PR. The chart was looking great but all the PR did was raise CREDIBILITY ISSUES with me. Enough so that I sold my position.
The PR paints a rosy reason for the reduction in OS....
"Global General Technologies Reduces Shares Outstanding by 17% to Enhance Financial Flexibility for Ramping Up Business Plan"
A little in-depth DD reveals the likely "REAL" reason...
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000939802%252D06...
NOTE 4
"On April 24, 2001, Mr. Steve Burke, former President and CEO of the Company, purchased 24,000 shares of Common Stock of the Issuer at a price of $.05 per share utilizing a loan, in the principal amount of $600,000, made pursuant to a Promissory Note dated April 25, 2001. According to the terms and conditions of the Promissory Note, Mr. Burke agreed to pay the Company a principal sum of six hundred thousand dollars ($600,000) together with interest on the unpaid balance thereof at a rate of six percent (6%) per annum with the principal of the note due in full by December 31, 2004. No interest is accrued on the note until it is paid. The notes receivable are partial recourse notes in that each investor is unconditionally obligated to pay 10% of the amount of their note in addition to the return of the shares of common stock in the event of default under the terms of the notes."
Do the math, and the $600k debt converts into about 8.34 million shares at around .07 per share. IMO, the "REAL" reason the shares were retired is because Mr. Burke could not repay the debt! Did he repay any interest? I doubt it.
You might also want to take a look at the OS reported in the 10-Q (16,473,663). Now, after the share reduction reported in the PR, there is 44,703,000 or... look more closely... The PR states 44,703,000 million (LOL). 44,703,000 million = 44,703,000,000,000 shares. Surely a typo but just as surely it is very sloppy work.
Information in Form 4 is old news from Jan. 16
http://biz.yahoo.com/e/070116/wtro.ob8-k.html
All preferred stock has been converted and OS is still below 50 million.
It is good to see a little volume today. We probably have a few bag holders wanting out. Once we get through them, I think WTRO will move up quickly.
WOW! And now some good news too!
Yes, I absolutely love the chart.
The beautiful rounded bottom shows up very nicely on a 3-month daily chart.
Volume is starting to pick up. More volume today than yesterday and we are off to the races IMO.
This is certainly not trading like a stock with only a 11.7 million float (Yahoo Finance).
There was a lot of trading volume from January 18-23 at higher prices. The selling we are experiencing today could be bag holders from back then who finally got a chance to get out on today's news.
Dilution is the only other explanation that I can come up with for now. If it is dilution, I guess we become new bag holders. Any other ideas?
CKYS to be featured on Good Morning America
CKYS board post:
http://www.investorshub.com/boards/read_msg.asp?message_id=16658836
Are our good friends at HDSN messing with us?
geo39, MM HDSN seems to be acting more like someone protecting a short position than someone dumping shares for dilution.
Here are two questions to ponder....
1. If the company (or someone) is diluting, wouldn't they give the stock a little room to move and attract more momo players before selling?
2. If someone has a large short position, isn't in in their best interest to halt any momentum by dumping right at the open?
Caution on RGNO chart !!!
Regions Oil and Gas Inc. (FCNK) Receives New Symbol -- RGNO
Monday January 22, 2:56 pm ET
http://biz.yahoo.com/bw/070122/20070122005939.html?.v=1
I also got some at .05 but for a different reason.
I see the current stock price as a temporary condition following the conversion of preferred stock to common stock. Some of the converted stock is being sold and this is depressing the stock price. Most of these shares (95%) belong to John Chase Lee, President-CEO-Chairman, and I doubt seriously he will want to hurt the stock price in this manner.
The good news is that there was a lot of insider buying as recent as Oct/Nov and at prices exceeding 40 cents.
More good news is that there is no longer any preferred stock outstanding and the total OS is under 50 million.
Even more good news is that a parabolic drop in price, much like a parabolic rise, is often followed by a sharp reversal.
AAGH just broke .10
Bid support finally starting to show up on L2
There has been a lot of buying at the Ask today but not many MMs on the Bid. Now we have some big numbers showing. This baby is ready to rock IMO!
Things are starting to smell a little fishy here.
DD reveals that this is a profitable, debt-free company.
http://biz.yahoo.com/iw/061108/0181929.html
The OS and float must also be pretty small based on the thin trading. What happened to the NOBO list?
http://biz.yahoo.com/iw/061113/0183119.html
Maybe these things are true but since this is a pink, it is not possible to verify anything.
False or misleading press release???
December 12, 2006 - 8:00 AM EST
Ridgecrest Healthcare Group, Inc. Announces Stock Buyback Program
There is certainly no evidence of this happening so far. I'm starting to feel that the company is pumping to dump shares instead of buy them
I picked up some at the close. It has been selling off recently in the afternoon but for the past two days that has not been happening. Maybe we have seen the bottom and are ready to bounce.
I have also played CKYS but am out of it as well for now. I'm starting to get the feeling that investors are not getting the real story of what is going on there... and that is the same feeling I have here with LDHI.