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This was stated in a post on RB:
the SEC had a meeting yesterday that could be very significant for any stocks. We all know about the naked short list, and that brokers are supposed to support any short sales with borrowed shares within three days, etc. However, shorts that existed when a stock was put on "the list" were grandfathered in and didn't have to immediately cover the short with borrowed shares or clear the position. The point of that grandfathering was to avoid a "short squeeze" whenever a stock got put on the short list.
Well, the SEC decided yesterday to eliminate that grandfathering, which means that all short positions, old or new, will have to be covered or cleared immediately. I believe there is some sort of 30 day discussion period so this won't go into effect immediately
Thanks ddwalker.
Sorry, I'm down 10K in this stock and needed something to brighten the moment. Won't do it again unless it really happens.
yep. I always get fooled on that one. Thought I'd try for once for a laugh.
NEWS OUT!!!!!!
Just getting us ready. Hopefully, real soon...
good point. I remember that PR.
Same here. I'm down way too much money. Hurry up with the China PR deal closing!
Holding my 1 Million + shares. EOM
Good start to the morning. .0065 x .007
You need to have a little more patience. That's the golden rule for investing in OTCBB stocks. On the other hand, you may no shares at all and are here for other reasons.
Someone needs to narrow the spread in Frankfurt to encourage trading. It is ridiculous now at .001 x .055. How do you expect people to trade with that spread. In time, the trading will happen!
Congrats. I wish I held off buying last week and bought today! :)
Looking to buy 10 million additional shares. LOL
time to ut the bid.
Well the spread has narrowed to .006 x .0065 with larger bid support. Any buyers at .0065?
Billion-Looks like you were lonely on RB.
Righty- At last! I see 20,000 shares traded this morning.
http://deutsche-boerse.com/dbag/dispatch/en/isg/gdb_navigation/home?active=overview&module=InOve...
Strongus- Feeling the same way. I too got in AURC between .03-.045 and enjoyed a great ride to .20 -- all in a few days once the run started. Anticipating this to be a nice ride too.
loss slayer- there are more bashers like yourself than pumpers on this board. That's a fact. Tell your boss he will have to cover because he's not getting cheapies from me!
PEIX. not so good for call options. I'm getting burned at the moment. Good thing most are with a Sept expiration.
I agree with you penny-ta.
Never seen this many bashers on one message board. This is looking real good for us longs! Hold them tight!
No point selling at these levels for most of us. I'm riding it out.
Funding for China deal:
I like this comment taken from a previous news release:
New Acquisitions: In March of 2006, Equitable Mining announced the completion of a Memorandum of Understanding (MOU) with D.A.K., a privately held resource corporation in Hong Kong, to acquire a precious metal mining project in Dalian, a major seaport and center of industry in northeastern China. This acquisition includes the mineral rights to 220,000 m2 of land on a 25-year government lease, 5.2 million tons of mine tailings, and infrastructure such as roads, electricity, water, transportation, etc. D.A.K. and its parent company have already invested $7 million, drastically reducing the cost barriers that would normally be faced by Equitable Mining under normal conditions.
http://investsourceinc.com/php/viewclient.php?id=30
Do you have anything else to do besides hang-out every day on this board trying to cast doubt?
Will have to take Larry's word for it. Maybe we will see something in the Chinese news. Who knows? Since Larry has taken lots of time to close this deal, it likely will have happened after the next China PR is released.
Loss_slayer: How much are you getting paid per post?
Have to disagree with you fella. Played many penny stocks and this is not overvalued. Time to give up shorting this stock. When it turns North, shorties will get fried.
Maybe from the Chinese deal.
Anybody have the T&A on the last 1 million of volume that went through moments ago? My last sales page was not up on the screen.
LOL. now its back to .006.
Looks like the high bid moved back up to. 0076 after no takers. Yep, they will have to move the price up to have a shot at covering now IMO.
this will take a little patience but we should be rewarded. Its extremely undervalued if the CEO's plan unfolds on China, Equador, and Red Lake.
I see UBSS placed a small sell on the bid and has a large bid at .006 HOPING to get real cheap shares to cover. This game is ridiculous. The clock is ticking....
Enough to have lots of money in this with new adds this morning!
Can't understand how someone would sell 20K+ shares on the bid with the upcoming events about to take place.
I believe UBSS is holding it back some because of their own financial reasons (short position). We shall see.
Added a bunch of EQBM today as well. Prospects look good with China deal.
I wish I had his avg. At least, I can say my avg dropped this morning.
That's a nice return on adds at these levels IMO