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Someone added nearly 100 million shares, no either that person knows something is about to happen or that person is crazy and reckless.
It depends if the bid is current, check the MM time, if it says yesterday the bid isnt relevent.
Electronic trading systems cannot handle a trade at 5 digits so .00001. Its commonly known occurance.
A trade @ 4 digits results in a zero trade.
Yeah the trade showed up as 5 mil @ 0 on the ticker.
I did a market order sell to see the underlying bid, and got .00002 for my troubles. Not a good sign.
I did one about a month ago and got .00009
I got bad news for the class, I did a test market order to see how bad it really is, and I got .00002.
I have never seen a stock recover for those type of levels. Which sucks cause I hold 24 million shares still.
As long as its not a 10,000-1 RS we should have a chance at .0005 one more time.
No SBSH all week on the bid or ask. There is no dilution going on, which means they want the price higher to dilute again me thinks.
If I was on the outside looking in CBAY makes an easy .0001-.0002 flip next week.
I think there are grounds for a lawsuit against the company if they are indeed fake.
Because I know they are scammers, and take responsibility for my trading mistakes.
*CBAY IR* Email Finally Something of Note.
XXXXXXXXX,
The Rizvi incident was completely bogus, and the SEC were notified immediately at the LA Enforcement Division. No news can been announced until the whole incident is finalized, then a full release with names and dates of the parties involved will be made available.
The company had to increase the authorized shares to satisfy an aged property acquisition note that included a stock price guarantee from over 2 years ago, therfore additional shares had to be issued to satisfy the price guarantee clause.
The new BOD have what appears to be a good reconstruction plan for the company.
--------------------------------------------------------------------------------
To: cbayintl@hotmail.com
CC:
Date: Wed, 12 Dec 2007 00:14:09 +0000
From: XXXXXXXXXXXXXXXXXXXXX
Subject: CBAY questions?
Dear IR,
I have held a position in CBAY for many months now, and I have some questions.
1) What was the deal with the Rizvi takeover bid?
2) If it was indeed an illegal action why has there been no news release to inform shareholders of the company?
3) Why has the Authorized Shares been raised twice in the past 6 months to 8 Billion shares without any indication from the company what these newly issued shares are financing?
My hopes are not very high of ever seeing my original investment back, I hold no hard feelings for the company. I just would like some answers to all of the speculation.
-XXXXXXXXXXXX
I believe we got the Rizvi is a fraud-Pawson is still in control email fiasco, and AS was raised to 8 billion shortly after that chart making it useless.
"This thing is being Pumped relentlessly, as you know...lol However, these types of Pumps are short lived, which is why I recommend taking profits where the opportunity presents itself."
I wish it was being pumped.
100 posts a day on IHUB by us bagholders is not pumping.
Been making a killing on big boards with RICK, FCX, and FWLT.
Looking for re-entry on all of them. Any thoughts Tony?
Rick just wont stop. It gave an obvious sell candle yesterday only to go up another 6% today.
Everytime I have ever had open discussions with a company I have lost a ton of cash. The ones who will talk to you are con artists plain and simple.
The only tools that have value here are intution and TA.
I was half tempted to see if the bid could take my 25 million today. But then again, I have been cleaning house on the big boards for the past month or so, I thought I would go the Thelma and Louise route.
Its a lotto play for a reason its everything or nothing.
Its great to see our first "new" basher for CBAY round 2.
Gotta love the Nov born on date!
Either that or the people who are gonna pump the crap out of it are loading the boat. Anyone from the board buy shares today?
I would just like to point out that SBSH who has been the axe on this thing it seems like forever is completely off of LVL 2.
I have a feeling we have been stuck in neutral for the past couple weeks because some entity wanted us there.
This is how people make money on subs. Buy the .0001's and flip half at .0002.
It's pure gambling but I have seen it work time and time again with the sh!ttiest of stocks.
NP, these plays are a great way to keep spirits up when trading in the dungeon.
I must have 8-10 cusipid numbers in my accounts right now with no idea of the tickers.
I have just been buying on the DEF14C's and the dailylist every day and they just keep piling up.
Im not concerned about the time element at all with MXES, its the fact in my etrade accounts its as if the RS never happened.
I have played these for a long time now and never have seen this occurance.
Whats the deal with MXES it was on the dailylist the day b4 thanksgiving, yet I still have 501 shares in my accounts and the ticker is the same.
One of two possibilities.
1. The AS was raised to pay some debts in restricted stock. Only the float matters on subs imo.
2. Were F@#*)@D :)
Q is working overtime for his .0001's this week.
Wrong.
You cant print shares without raising the AS.
This CBAY this is getting hilarious, Stolen Codes LMAO. The people at CBAY are claiming Rivzi committed fraud multiple times throw SEC filings? That doesnt make sense. What did he gain from it?
There wasnt enough volume to dump the 1.9 billion shares into.
This is just my opinion but I think the old regime at CBAY is scamming us again with the TA change. The TA makes this even more of a cluster*)#( and buys them more time.
It doesnt make any sense for a college graduate to commit all sorts of fraud for the world to see for a couple hundred thousands dollars at most.
What would be helpful at this point is to find out exactly what a company needs from a paperwork standpoint to change to the new TA.
Blood in the streets today. I track about 50 stocks all but 2 are red today.
Thats what happens when you sell a lotto for a loss, you say and do anything to justify your decision.
I remember with ETIM I was so pissed because the CEO lied to me about dilution in multiple emails. So I bashed and bashed away finally taking a huge loss. Then they PR'd the 504 selling was over 2 days after I sold. Instead of being pissed about the pending move I jumped back in and made a majority of my money back.
Point is this, Momentum can change in a heartbeat in the pinks. Barring a RS I dont see any downside here.
Barring a RS will be fine here.
Either this stock will go 1000-2000% or it will go down -99% post RS. What a game!
@ .0001 I wanted to test the bid strength. To see if the sky is really falling.
Just did a test sell of 3.5 million I had 23.5 million and they took it in less then 10 seconds. Just some food for thought.
This always was a lotto.
How can you go almost 2 months, without so much as a word about the legality of Rizvi's filings? Then have a TA email someone that he is being investigated by the SEC?
It is possible I believe that Pawson is scamming the new TA.
What happened to the previous TA, who has more of a backround on the situation not letting Pawson raise the A/S.
This is a giant cluster@*_! at this point.
Someone get me up to date on what made the bid fall out today.
Key we finally agree on something. The past doesnt matter here! Its all about things to come.