Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Check out TMMI. That one hasn't existed as a company since 2001.
The SEC investigation is ongoing so they do not impede the recent filing??
Nope, they don't. That's one of the really annoying things about the SEC.
CMKX did a reverse merger into a shell.
Here ya go. The SEC is using Section 12 in all their current revocation actions, most of which involve Pinkies.
http://www.sec.gov/litigation/admin/3-12234-o.pdf
On the contrary, rrruffff. We do research and present facts. You merely pontificate about NSS.
What makes YOU think that MM's don't read PR's.
There's a board on SI that was created for an MM who'd been posting at RB, trying to correct misconceptions. As an individual, he often makes a market in as many as 20 stocks. He puts some on the back burner; pays more attention to others. You think he's got a lot of time to read PRs? I suspect many MMs don't even know what the companies in question do.
Now for an "important" stock like MSFT or INTC, the MM at a major firm may have a couple of assistants. Maybe in that case someone does keep up with the PRs, but it's basically irrelevant to their job.
Step 1. Spread the word (Inform of the potential, through message boards and other public medians)
You're encouraging people to spam this little piggy all over the Web?
I've already commented. You just don't LIKE my comments.
And you said exactly the same thing about Urbie. It's not a convincing argument.
Now that's interesting. lol, though not surprising.
lol, we already knew about the peculiarly named Kolt Curry. He runs American Heritage, which does TA for most of the "Winick companies" now that First Public's been shut down.
Oh but his double short to infinity evaluation on CMKX which took about 3 pages as I recall was a classic :)
It was probably longer than that. I once accidentally printed one of his posts, and it just went on and on and on.
I don't think you mean 500 billion, Jimmy. This isn't CMKX or PAIM.
Yep. Though if they're intending to issue stock upon the finalization of the merger, why the convertible debt?
How? By issuing stock?
Don't you know how to calculate market cap, Jimmy?
Because he's been doing these kinds of "valuation" posts for years, most famously about CMKX. I trust you know what happened to CMKX.
His stuff is pure fantasy. He understands nothing at all about fundamentals, and nothing about how the markets work.
Per the terms of the pending merger, the funding will be structured as a convertible debt instrument.....
I'd like to know more about that private placement, rrufffff. Do you have any details?
In a war, you don't shoot everything at once.
Why not, if you can?
There is no there is no requirement, at least enforceable requirement, that Ammerman file a Form 3.
Can you prove that, rrrufffff? I've offered my documentation; let's see yours.
Yes correct imo..I think what we are seeing is some profit taking between 4-5 cents...After all when you get in subpenny
why not...When we hit .30-.40------------1.00---2.00..
And when LFWK hits $2, what will their market cap be?
When i asked you WHY Overstock was on the SHO list for a year...You deflected your answer to someone else!!
I directed you to a post written by someone who knows far more about this stuff than I do. That's a technique you should try.
Oh noooooooooooooooo. Sterling's on this one, with his insane "valuation" posts. Kiss of death, I'm afraid. Or very nearly.
Now all we need is for Wendy to show up.
You're so lucky to have an endless supply of the fresh stuff.
"We will work harder and smarter and with the accuracy of audited financials. We will put this behind us permanently, and get on with the business of growing businesses...not mounds of stock certificates."
Sounds like a plan. So where are those audited financials?
Ahhhhh, now that sounds like a NICE surprise!
If you really want to do something good can you please get my money back from GVRP/MAMG....now that was a REAL scam.........
I still have half my position there. It seems there's nothing left to do but wait. For what, God only knows.
You will tell us that MM's can legally short and never close the transaction.
Why on earth would I tell you that? You must be confusing me with someone else.
Read the board before you buttttt in per usual.
I was posting here last fall. Have you forgotten, or weren't you around then?
There is no requirement that they file the Forms 3 and you know it.
Really? Nothing here suggests to me that insiders of Pinkies aren't expected to file:
Forms 3, 4, 5
Corporate insiders-meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934-must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted new rules and amendments to Section 16 of the Exchange Act, implementing the provisions of the Sarbanes-Oxley Act of 2002 that accelerated the deadline for filing most insider ownership reports.
The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.
Insiders must file a Form 5 to report any transactions that should have been reported earlier on a Form 4 or were eligible for deferred reporting. If a Form must be filed, it is due 45 days after the end of the company's fiscal year.
Since June 30, 2003, the SEC has required insiders to submit forms electronically through the SEC's EDGAR system. (Prior to that date, insiders could choose, but were not required, to file electronically). The SEC also requires companies that maintain websites to now post the forms by the end of the next business day after filing them with the SEC.
http://www.sec.gov/answers/form345.htm
Uh-oh.... You wouldn't have a Little Surprise in mind, would you?
Nice find! A lot of those people are in jail now.
Come to think of it, my tenth anniversary as a poster is coming up in June...
One could be put in the pokey if it came down to legal action! Was I misled, again?
Only partly. You might get sued, but unless you really went overboard you could probably get the case dismissed. As long as you stick to the truth there's really nothing they can do about it but whine.
Yep, and GVRP. But in most cases they just suspend trading and/or investigate and sue.
This is not CMKX. Every case is different.
I find them all pretty much the same. Stock's tanking, management's ineffective, and all of a sudden someone starts screaming about naked shorting.
Forms 3, 4, 5
Corporate insiders-meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934-must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted new rules and amendments to Section 16 of the Exchange Act, implementing the provisions of the Sarbanes-Oxley Act of 2002 that accelerated the deadline for filing most insider ownership reports.
The initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.
Insiders must file a Form 5 to report any transactions that should have been reported earlier on a Form 4 or were eligible for deferred reporting. If a Form must be filed, it is due 45 days after the end of the company's fiscal year.
Since June 30, 2003, the SEC has required insiders to submit forms electronically through the SEC's EDGAR system. (Prior to that date, insiders could choose, but were not required, to file electronically). The SEC also requires companies that maintain websites to now post the forms by the end of the next business day after filing them with the SEC.
http://www.sec.gov/answers/form345.htm
Nothing here suggests to me that management and insiders of non-reporting companies are exempt from filings Forms 3, 4, and 5.
Not when there is a proven Short. take a look at PAIM .. There is document fact of a short...
Proven short? Where's the proof? There's a short simply because Pearlasia of DoM fame suddenly decided, only last week, to say there was one?
You appear to have pretty low standards of proof.
lol, I've never said I can make a hot pinkie stop running. Only the SEC can do that.
where is the requirement for a pinkie to file Forms 3,4, and 5?
How many pinkies file them?
Some do, some don't. The onus isn't on the company, but on the individual, and the SEC doesn't usually get on their backs about it. But note that when Bob Maheu started working for CMKX, one of the first things he did was to file a Form 3, in which he stated that he didn't own any stock. I guess he wanted to make sure everyone knew where he stood. None of the other officers or directors at that time followed his lead.
My real point is that if Ammerman wants to prove his contention, the best way for him to do that is to file his Forms 3,4, and 5 and get his insiders to do the same.
Haven't heard of it before, but there is Stewie's "diplomat" email addy.