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Regime Change
As of today I'm moderator here (thanks - I think - to iHub Admin). I see my role as facilitating the flow of information, and will generally refrain from evaluating it.
Thanks jimstock for continuing to serve as assistant moderator.
ARSC - update from TA
12.999 billion authorized
11,454,973,128 outstanding
Share Structure
12.999 billion authorized
11,454,973,128 outstanding
(Thanks to JohnnyRotton)
Johnny, is authorized 13 billion now?
Guru's picks compensation-free
I just want to make this clear. I have never been paid to promote a stock/company, and I never will. All of my picks, analysis, alerts, and posts are crafted utilizing my own knowledge and experience. Although I have been approached by company's to profile their stocks for a fee, I have declined them. I have never been compensated to write on this blog, aside from advertising revenue.
http://pennystockgurus.blogspot.com/2010/02/gurus-picks-and-profiles-are.html
Refreshing!
8 bidding 1, 10 asking 2
Strong opening in response to press release, followed by massive dumping of new shares by company. 2B increase in authorized filed yesterday as well (2.6B -> 4.6B).
Prisoners cashed in on homebuyer tax credit
By Aaron Smith, staff writer June 23, 2010: 11:04 AM ET
NEW YORK (CNNMoney.com) -- More than 1,200 prison inmates, including 241 serving life sentences, defrauded the government of $9.1 million in tax credits reserved for first-time homebuyers, according to a Treasury Department report released Wednesday.
http://money.cnn.com/2010/06/23/real_estate/money_stimulus_fraud/index.htm
12 billion authorized, 11+ billion outstanding
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51264245
HOUSTON--(BUSINESS WIRE)-- American Security Resources Corporation (Pink Sheets: ARSC) announced today that it has accepted a proposal from a European Investors Group to fund and spin-off Hydra Fuel Cell to ARSC shareholders.
Bob Farr, President and COO of ARSC, stated “This group calls for providing a public vehicle to merge with Hydra. The group would then organize the funding so as to complete Hydra’s business plan. We will prepare a proxy for ARSC shareholders when the proposed transaction is complete that will fix the dividend ratio and date. The Group has indicated they could have the transaction finished by late summer or early fall 2010. We have been working to achieve this since last spring and it looks like we finally have the right plan for our shareholders and Hydra,” concluded Farr.
American Security Resources Corporation
ARSC is a holding company developing technologies that will advance the development of alternative energies. ARSC, through its Hydra Fuel Cell subsidiary, has developed high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing methods to inexpensively formulate hydrogen. For more information, please see: www.americansecurityresources.com.
Safe Harbor Statement
This news release contains certain “forward looking statements” within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
for American Security Resources Corporation
Frank Neukomm or Bob Farr, 713-465-1001
info@amsrcorp.com
Source: American Security Resources Corporation
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100623005902&newsLang=en
Distributions from a Traditional IRA are ordinary income, reported on 1040 page 1. No need to keep track of the trades.
Short information as reported to FINRA. Search for ARSC
http://regsho.finra.org/FORFshvol20100618.txt
TD Ameritrade has .041, as does OTCmarkets (pinksheets). I consider quotemedia more reliable.
per Quotemedia, 11/25/2009 high was .0041. They have 52 week high at .017 (don't give date).
11/25/09 0.0041 0.0041 0.004 0.004 112,500 0.0003 8.11% 0.004
Good morning Basser. Did you give LABS the day off?
.10 ask
OW means offer wanted - VNDM wants shares, but cheaper than .0001
88% of the volume being reported as short is a bit surprising.
Short volume per FINRA
20100616|ETNL|1119000|1269225|O
http://regsho.finra.org/FORFshvol20100616.txt
Basis of appreciated property inherited in 2010
Step-up in basis is limited to $1.3 million. Article and examples at http://www.jensenestatelaw.com/colleagues/newsletters/205-the-2010-basis-qstep-upq-rules-wealth-counselor-volume-5-issue-2
Interesting article, Ironman. Thanks!
lowman, do you think uplist to OTCBB would boost the share price?
St George amended statement of ownership (SC 13G/A)
http://ih.advfn.com/p.php?pid=nmona&article=43241491&symbol=NO%5EARSC