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Muley's two cents worth re KPMG issue: Sulja Bros. apparently has a sterling record in southwestern Ontario. They would not sabotage that reputation built up over many years by fabricating a story about non-existent financials. My conclusion is the audit might well be listed under another name as client (Wessel, Red Sea, etc) but is in fact an audit on the SLJB family of entities. Let's relax and let it take its course. Definitely want all t's crossed and i's dotted in order to move forward to far greater heights. Take advantage of bargain pps while you can.
JMHO but I think well-established companies like Lyamec don't put out PRs unless it's something definite and complete. Smaller outfits , esp'ly on the pinks, eg GFCI, will often PR anything remotely attractive to new investors.I expect a PR from Lyamec when the deal is finalized.
Good points. I suggest you email management with this posting and will be interesting to see their response.
But I continue to be a solid believer.
OT. No? Check the level of distillate currently being stored. There's a glut. Oil can drop back to the 50's in a hurry. Not saying it will, but with some easing of the Iran situation - which I expect - and present price factoring in a lot right now, I think the price could break down soon. And SPZI? When good news finally hits, getting in cheap will be very difficult. Many on the sidelines watching this one IMO.
JLT, fwiw, and contrary to other expressed opinions of late, I have not considered you a pumper. Predicting prices of .10-.25 was not unreasonable considering the merits of this company. I, too, sit at a big loss on paper now, but am not worried at all. It was not your fault nor Americano's that Spooz chose not to follow up the launch with some immediate PRs. If they had - and most of us thought they would - then those predictions might have come to pass.
Nope, I chalk your comments up to a well-founded enthusiasm. If anyone bought due to perceived "pumps". and not good dd, they should be looking in the mirror if blame is to be assigned.
I completely agree with the last 2 posters, and, as I've mentioned elsewhere, I am also a futures day-trader - Euro mainly - and am very impressed with the software. I do believe Spooz will be major winner. Time for all seasons and the season now is 'accumulate'.
Well said, dog. Quality companies put out PRs when they have something major to say. Let the momo players move on to their next hope-and-pray project, leaving SPZI in strong hands for the next leg up.
Well, you have another response from a futures trader here. I love the product and the price compared to my current FutureSource Workstation, acknowledged as one of the best in the business. (I pay $129/mo. for Workstation.)
Fringe, read your board, appreciate your opinions. Mind me asking how you see SMKT on the charts? Thanks. (I'm basically in SPZI and SMKT equally. Total contrast in exposure as SMKT is real quiet awaiting merger for past few weeks.)
SMKT. Sleeper with great potential. Small OS 39 mil. Waiting on confirmation of merger with Texas Prototypes expected next week. Do your DD on Texas. You'll be glad you did. Hard to believe this has flown under the radar for so long. Check out TXP's customer base, including Foxconn -
"Recent evaluations by investment banks Goldman Sachs and JP Morgan
have pushed Foxconn Electronics (the registered trade name of Hon
Hai Precision Industry) to a peak market value of NT$854 billion
(US$26.7 billion), according to market sources.
>>
If Goldman Sachs and JP Morgan both cover Foxconn, and believe they
worth $26.7B dollars - don't you think someone is going to start to
notice TXP is getting some of their subcontracting work? Even post-
merger, TXP will be a tiny $30M operation. Even at the $100M level
where I believe it deserves to (and should) trade, TXP has quite a
bit of growth ahead of it." (from analyst PQL)
SMKT - merger with Texas Prototypes within days. 39mil. os. Flying way under the radar. Take a look at the client base of TXP. This is another "sleeper ipo" and will be huge IMO. http://www.texasprototypes.com/
SMKT - a real sleeper, but about to come alive when merger and new symbol announced with Texas Prototypes. Proxies being counted now. Just who is Texas Prototypes? http://www.texasprototypes.com/
OS only 39mil. and very tightly held. Closed .058 today. Expect .10-.20 after announcement. Also expect TXP (don't know new symbol yet)contract announcements possibly in same PR.
Always do your own dd.
I've flipped plenty. Keeping this one (and SPZI).
I just faxed in 15.5 mil. Will they be accepted as it's past March 15th? (I simply forgot to get them in earlier. Thought deadline was Mar. 31 for some reason.)
OT. Might as well stick out my mule's neck, and suggest people look into SMKT, soon to complete a merger with Texas Prototypes. AVTX still my first love , but SMKT not a bad mistress on the side.
As one who bought in at a lousy time for .0013, I am growing more concerned...
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By: eliot
06 Feb 2006, 11:05 AM EST
Msg. 9718 of 9718
(This msg. is a reply to 9717 by talkingmuley.)
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A FOIA Request "Day In The Life Of OSTK" From The SEC
Location: BlogsBob O'Brien's Sanity Check Blog
Posted by: bobo 2/4/2006 5:37 PM
Alan Newman got his wish today.
Or at least one of his wishes. He asked the SEC for a count of the FTDs in OSTK for August 1, 2005, and was turned down...well, just because. He appealed it, and ultimately received the data.
Here is the letter that indicated that his request had been granted by the SEC, and here is the FOIA.
The FOIA data reflects a one day snapshot, which aggregates all clearing firm positions, for settlement date 8/1.
On 8/1, roughly 614K shares traded. Of those, 550K failed to deliver.
So 90% of the trades for that day, failed. This is entirely consistent with Byrne being unable to get 50K shares purchased around then for two months, as well as his dad being unable to get almost 200K bought randomly in the open market during that period, and further is consistent with Byrne's broker indicating that likely none of the shares trading in OSTK could be delivered if a buy-in was executed, as none of the volume was genuine shares being sold. That is all documented.
This is shocking, and frankly, confirms my worst fears. It also should serve as a wake up call to investors, as well as to the apologists for naked short selling, who insist that there is no problem.
I would say that when 90% of the trading on any given day is fraud, where investor money is taken, and then no product is delivered, that is a big problem - one might say a catastrophic problem.
Now, before anyone gets all fired up and says that this is the total outstanding CUMULATIVE fails for OSTK, I would suggest that you read the SEC letter closely - the reason it was granted was because it represented a one day snapshot, aggregated from all clearing firm positions, for that date. I would suggest that anyone who feels that is incorrect should call the SEC counsel and ask, very clearly, whether that is the cumulative total of all FTDs for OSTK as of 8/1, inclusive of all aged fails, or just the fails for 8/1. My hunch is that I know the answer.
If I'm right, this is the smoking gun. And folks, it confirms that OSTK is being abused by the system at a level which is indescribable as anything but out-and-out fraud.
I wonder what the FTD information for NFI looks like for April 12-26 2004? Or for the first 2 months of 2005? Want to bet that 90% of the trading in that issue as well was bogus, designed to act as a bear raid on the stock to force investors to sell, due to margin calls, or panic?
This is it, my friends. The SEC and the DTCC are allowing fraud at a scale so massive that it defies description - this is why they won't tell anyone how many TOTAL CUMULATIVE FTDs there are - investors would recoil in shock. The system is out of control, and our money is being stolen wholesale.
Came aboard today with a small position at .2106. Lucky to get that price I think. This is the kind of company you're fortunate to find on the pinks or the BB - solid expanding revenues, small float, and good communication from management.
Access to RB. Haven't tried it myself yet...
You can still get to Raging Bull if you delete the cookies for lycos. I do not know why that works but it does. When you get there you are entering as a new person and must enter the stock board you want to go to. TRY IT AND LET US KNOW IF IT WORKS FOR YOU.You can not post as you have to sing in and that re enteers the cookie.
RB might never be back. SEC cracking down?
Yahoo! Message Boards: OSTK
MyAdd to My Yahoo
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Re: WARNING--RAGING BULL SHUTDOWN-FBI
by: investigate_the_sec 01/21/06 07:37 pm
Msg: 60872 of 61164
By: percywhit
I didn't put the whole email in the post. Funny you said that. See below
"We have been working with several former Lycos employees that have signed affidavits to the effect that they were told, ordered (and they provided vettable emails) to "kick off" critical posters on several ket RagingBull chat boards while "protecting" others. This included altering the "rating system" that I assume no longer is present on RagingBull. In one very serious case, a manager came into a work area where line-level RB supervision by moderators was performed, told a subordinate to take an early lunch but NOT logoff (a serious Lycos security violation) and then used that terminal to erase several account records less than 1/2 hour after the Lycos lawyers had notified that individual that they had received SEC and FBI inquiries about the accounts. One concerned employee advised the "at risk" staffer about what had happened when she went to lunch, and she went back, printed out the audit trail for her terminal, and had her friends sign or initial the printout and date it as well. We have copies of that and much more.
We're working with one of the founders of RB, who has, like us, "corked off" over RB, IHUB and several other "scam sites" as he calls them. He said that the little bit we have is only the tip of the iceberg. The principal reason that the Spanish consortium sold RB to the Koreans was to divorce themselves of the civil liabilities they feel will erupt in the next several years as outsiders peer into the operations of the major "stock chat" sites.
The RB startup partner we are talking to says he believes that RB has less than 6-weeks of life left. They have shut down something like 60% of the boards that existed this time last year, and are shutting boards down daily now through attrition. He did not explain how attrition enters into the picture, but I'm sure it's fascinating. "
Posted as a reply to: Msg 60870 by investigate_the_sec
Re RB, is its demise imminent? Is this weekend "server error" something more ominous? Found this...
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Re: WARNING--RAGING BULL SHUTDOWN-FBI
by: investigate_the_sec 01/21/06 07:37 pm
Msg: 60872 of 60952
By: percywhit
I didn't put the whole email in the post. Funny you said that. See below
"We have been working with several former Lycos employees that have signed affidavits to the effect that they were told, ordered (and they provided vettable emails) to "kick off" critical posters on several ket RagingBull chat boards while "protecting" others. This included altering the "rating system" that I assume no longer is present on RagingBull. In one very serious case, a manager came into a work area where line-level RB supervision by moderators was performed, told a subordinate to take an early lunch but NOT logoff (a serious Lycos security violation) and then used that terminal to erase several account records less than 1/2 hour after the Lycos lawyers had notified that individual that they had received SEC and FBI inquiries about the accounts. One concerned employee advised the "at risk" staffer about what had happened when she went to lunch, and she went back, printed out the audit trail for her terminal, and had her friends sign or initial the printout and date it as well. We have copies of that and much more.
We're working with one of the founders of RB, who has, like us, "corked off" over RB, IHUB and several other "scam sites" as he calls them. He said that the little bit we have is only the tip of the iceberg. The principal reason that the Spanish consortium sold RB to the Koreans was to divorce themselves of the civil liabilities they feel will erupt in the next several years as outsiders peer into the operations of the major "stock chat" sites.
The RB startup partner we are talking to says he believes that RB has less than 6-weeks of life left. They have shut down something like 60% of the boards that existed this time last year, and are shutting boards down daily now through attrition. He did not explain how attrition enters into the picture, but I'm sure it's fascinating. "
Posted as a reply to: Msg 60870 by investigate_the_sec
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I like it. Reasons given at RB. Ina hurry now...
Disagree, Irony, I think we can stay at this level if a mediocre filing disappoints the short-termers but holds promise for the longtermers: stalemate.
2.8 mil here.
Hope this helps - from Pinksheets.com
Outstanding Shares: 2,530,142,699 as of 2005-10-26
Estimated Market Cap: 3.036M as of 2006-01-09 (based on Outstanding Shares as of 2005-10-26)
Float: 1,600,000,000 as of 2005-10-26
Number of Shareholders of Record: 2,800 as of 2005-03-21
Still holding over 60% Irony. And I don't trade the FOREX (I trade the Euro futures). Only sold as need the funds very soon as any disappointing news will send this to the 2's short-term which is a risk I can't afford to take. Each must make his decision. Wish I had discovered this like you back in the 2-3 range.
And a very Merry Doowap Christmas to you, Colleen, and to all the HUB AVTX crew.
I agree, Loss. Think some of us - myself included - fell prey to some psychological quicksand brought about by the extended no news period - but really, that should not have been a surprise - and the low pps coupled with low volume, which, again, really means nothing. As you say, all that looked good before continues to look good... even better than before, due to the booming figures being reported of business jet sales this year, many of which will feature EVS systems. Our business relationship with Kollsman and Gulfstream is golden.
Probably some skepticism this time around is healthy. Let the surprise be on the upside for a change.
That makes 16.
Because of cheap price, likely family member for tax purposes or maybe a deal in the works? Not a worry, IMO.
Wouldn't be surprised to see news out of Gulfstream or Kollsman this week following show.
Is it true you're from New Orleans, Loss? If so, hope you're coping well and weren't hit too hard.
Ignore last.
Anybody recall time of day of other filings? Likely to be after close?
Either somebody knows something or is just getting cold feet. Hope it's the latter.
Gap, on the same theme, why would a company talk of buy-back and dividends on anything less than substantial revenues? He's not the misleading, manipulative type of owner. Doesn't have to mean we'll see them this filing, but talk lke that tells me we'll see them in a reasonably short time (next filing?). For this reason I will not try to cherry-pick any selling price on this particular number. I feel fortunate to have found this stock right at the beginning of its resurgence - without the stress of having to have patiently held for 2 or 3 years with no firm prospect of success - and will not jeopardize that good fortune with flipping strategies. Now, if we were at a second or third stage of an upswing, I might consider it, but we're not. Price simply way too low here.
Cy, your post regarding the big profits lie with the buy-and-hold philosophy fits to a tee here.
Just back. Many thanks, Cy. EOM.
Cy, I found an article dated May, 99 re going private, but nothing more recent. Is that the one you saw on NPO.org?
Same close as day before the last filing, except we got there from the opposite direction, which I like. Funny how after all the games and talk we arrive at exactly the same point. Considering the odds are more in favour now than 3 months ago of revenues showing up, price could have ended higher. But, on other hand, fear always trumps greed in the marketplace, and did so here as folks fearful of repeat of another surprise on negative side.
Personally,I feel good about Monday. The excellent analsyis by several cannot be denied.
Yesterday's small gap looking more and more like possible breakway gap even if doesn't satisfy volume requirement. Still was breakout from declining pennant which is significant IMO. Good luck all and should be a fun weekend of sweet anticipation.
Right on, Writeon.
Changed server. Can get through now. See what you mean about multiple posts. As for AVTX, price acting like pre-May. If continues, look for fireworks beginning of next week. A little consolidation now.