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http://en.wikipedia.org/wiki/Caracas
Caracas (pronounced [kaˈɾakas]) is the capital and largest city of Venezuela. It is located in the north of the country, following the contours of a narrow mountain valley located on the Venezuelan coastal range (Cordillera de la Costa). The valley's temperatures are springlike, and the urbanizable terrain of the Caracas Valley lies between 2,500 and 3,000 ft (760 and 910 m) above sea level. The valley is close to the Caribbean Sea , separated from the coast by a steep mountain range (Cerro Ávila) that rises above 7400 ft (2200 m); to the south lies further hills and mountains.
El Distrito Metropolitano de Caracas (The Metropolitan District of Caracas) is the official name of the district governed as Caracas. It covers the Distrito Capital, and four other municipalities in Miranda State including Chacao, Baruta, Sucre, and El Hatillo. The city of Caracas had an estimated population of 3,140,076 as of 2005. The population of Greater Caracas' urban agglomeration (including neighboring cities out of the Capital District) is approximately 4.7 million people.[1]
As long as we read only that with which we agree, we learn nothing. - Chester Dolan
http://www.billgroover.com/rico/rico.pdf
http://www.billgroover.com/rico/1ac.pdf
http://www.billgroover.com/rico/1ac2.pdf
http://www.billgroover.com/rico/ml.pd
They simply sell more Ftds, not really traditional shorting at all. Also most stocks at this level have already been shorted into oblivion. Then when the company is shorted so low the only way for them to survive is to dilute massively they generally do which only helps the shorter. A fair amount of legitimate companies have been killed this way. Then the trick for the shorters(ftd makers) involved is simply to keep them there. They generally do this by bashing relentlessly and crying fraud, on message boards, etc... And unfortunately because this is the pink sheets it is hard to separate truth from lies. A huge amount of money has been made doing this for years. And the regulators don't have track record of caring at all, well not for the investor or the company anyways.(By the way,the minute I write this there is a good chance someone will say naked shorting is all made up anyone who thinks a company is real is a pumper and prime brokers, hedge funds are your friends, blah, blah, etc,etc...)
This was found on another board it might help explain:
A CONVERSATION WITH AN EXPERT ....
Anthony Kalantzis
Bud , hypotheticaly speaking
lets say you were the CEO of a small developing company whose stock has been raided by the shorts . youv'e somehow managed to stay alive through tiny infusions of capital from various sources and also major dilution .
NOW some powerfull group with 50 million to spare likes your companies ideas ,with this much needed funding would you have an EXCELLENT opportunity to catch the shorters?,maybe by moving to a better exchange ..amex nyse ?
it looks as if the reason they target these companies is because they are broke .
Reply: Such companies as you describe are typically attacked if the SEC gets any work of pending financing of such significance so as to trap the shorts.
The only really safe way is to go to a Foreign exchange in a country where there is mandatory 3 day settlement, no naked shorting, no FTD's or FTR's, and a limiter on dividends equal to the number of legally outstanding shares, NO dividends in lieu.
Double the probability of an attack by the SEC if the company trades below .001.
Levitt has said he doesn't care if US small companies leave here because of SOX costs. Let's see if the SEC agrees with his line. This is the dumbest statement to come out of any SEC Chairman past or present. If this attitude had been demonstrated by the SEC in the 1970's towards such development stage companies as Intel, Microsoft, Oracle, et al, the US would be a bankrupt banana republic, dependent on the largesse of its close friend, The World Bank, for pocket change
His defense of Clinton's policies would be a joke if it weren't so in your face. The rule change sending FTD's and FTR's was done in 1993 by Clinton Executives
Anyone forgetting that misses the entire point of this exercise, and Levitt's attempt to give himself and them cover for WHATEVER.
Best, Bud
Bud,
Have any companies used this strategy before? How does the foreign exchange force them to settle if they are also still trading on an exchange that doesn't enforce rules?
Reply: A pretty significant number of companies have gone to other countries already for funding.
The LSE/AIM market is larger than New York for the last 24 months in terms of number of financings.
The foreign market doesn't force anything here. Rather, they set up a security sold to that countries foreign investors by a unit in that country, thereby imposing its rules on the foreign company. Bermuda has been a favorite haunt for major companies, effectively stepping out from under US rules by listings there.
This will turn into a tidal wave soon, the timing being dictated by the action or inaction by authorities here on corruption of our markets.
Bud.
Bud GWGO is doing a 2000 to 1 r/s, pps is now .0002 and they hope to rase it to .20 ......They are also changing the name, the are hoping on the short queeze play. The R/s take effect Monday morning at the opening of the market....what are you thoughts on this, please reply...Stephen
reply
If they don't move out of the US entirely, they will just be shorted down again.
Suggest they consider putting their operations in the UK or Bermuda, in a unit they then dividend out under UK rules, to beneficial shareholders of record as demonstated by presentation of a certificate.
The holders of counterfeit long shares will force the shorters to buy them however they can.
bud
Is it possible a company cannot move to a foreign exchange because they are tied up in litigation ?
What if a company goes to the AMEX ? it might be harder to short there ....getting listed on the AMEX might not be a sure footed way to forced BUY-INS but can it slow down the shorting ??maybe its harder to borrow ?? this obviously wasnt the case with Viragen as they continue to get fleeced .
and why would the SEC attack if the company goes under 0.001.
wouldnt the shorters attack and not the SEC ???
Reply: The AMEX offers no protection at atll, nor has it ever.
The SEC would attack any cellar boxed stock for anything that would open the shorters' hands to the public.
There are full time office options (took me about 20 seconds to figure that out),not just "virtual offices". All you have to do is contact them to get it worked out
http://offices.regus.com/products/default.htm#cubes
Usse used to be a an merger canidate of ONYI not Jmcp.
It is a premade tos template many companies use them not just Yahoo and Pnms, just so you know.
Looks like their are far more bashers than pumpers and lets remember this is a cellar boxed stock with a huge os, why would so many bashers be interested? Oh wait because of all the "paid pumpers" right, oh yeah that is why bashers exist! But of course "paid bashers" could never exist. After all people who bash stocks are some of the kindest human fodder in existence right?
Noble trading, 9.95 trades for pinksheets and otcbb no share limit.
Quin is back on evsa. He was the only MM on the stock today.
Really wow,well, I guess that awnsers that. I guess I should have read it better thanks.
I looked this form up and I think this means onyi is cancelling the share increase they were planning, is that correct?
I got the exact same e-mail from rich, good sign.
That is funny.
PANAMERSA Corporation (PNMS) Partner DESIMPLEX to Supply New Trading Software to the Newly Formed PDR Exchange (Panama), Inc.
03/19/2007 12:49
DALLAS, TX and PANAMA CITY -- (MARKET WIRE) -- 03/19/07 -- PANAMERSA Corporation (PINKSHEETS: PNMS) announces Partner DESIMPLEX is in the final Beta testing of PDR trading software to be used by the newly formed Stock Trading company PDR Exchange (Panama), Inc.
PDR Exchange (Panama), Inc. will be an operating company of Fundacion Pan America and will be the engine used to trade receipts issued by Fundacion Pan America. Known as a Pan American Depository Receipt (PDR), it allows beneficial owners of the Fundacion to buy and sell PDRs online anywhere in the world. This will in effect create a private trading system that is open 24 hours a day, 7 days a week to anyone in the world who has a computer and is a beneficiary of the Fundacion. The beauty of the system is it completely eliminates any naked shorting or manipulation of Share Price (PPS) by brokers and market makers, while giving the individual beneficiary complete anonymity.
PANAMERSA Corporation (PNMS) CEO Mike Terrell stated, "The completion of this software coupled with the benefits of a Panamanian Private Fundacion makes the present system obsolete. People in the stock markets, the average investors, are getting their pocket picked every day by the system. The Market Makers and brokers have taken over and manipulate naked short sell, which is selling shares they don't even own, costing the average investor millions each year. PANAMERSA Corporation is a good example," said Terrell. "We announced 3rd Quarter earnings that were up over 2500% over the second quarter and our PPS went down. We followed with 4th Quarter earnings up over 500% yet our PPS was manipulated down. The company is doing great but our shareholders are taking a beating so I have offered all our shareholders a one year minimum price Guarantee of $0.02 per share and a 2 year Guarantee of $ 0.04 per share if they will pull their certs and become a beneficiary of the Fundacion. This will be the new way of doing business on a global scale and is the wave of the future." For more info on see www.blog.panamersa.com.
PANAMERSA Corporation (PINKSHEETS: PNMS) is a holding company for a group of business enterprises which promotes the commercial integration of Latin America into the economic development of the Western Hemisphere. PANAMERSA Corporation is engaged in global e-commerce and e-biz solutions offering interactive e-commerce and e-biz programs in addition to a range of goods and services online including: prepaid Debit cards; e-commerce merchant accounts; life insurance policies, gold transactions; telephony services, text messaging, VoIP, MicroForests properties, real estate investment participations, fixed and variable income real estate properties in Costa Rica and Panama, offshore financial services, asset management and protection; travel services, leisure, business, health, relocation services, and digital marketing services.
Forward-looking statements are not historical facts as "forward-looking statements" defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are the result of profound analysis on trends in our globalizing economies that we anticipate in our industry. It is our good faith vision and estimate of the effect on the globalization, integration and electronic business trends will have on our company. Our statements are also subject to risks and uncertainties beyond our reasonable control that could cause the results of operations to differ materially from those reflected in our forward-looking statements.
Contact:
Investor Relations
214-774-4870
ir@panamersa.com
Monday March 19, 2007 11:02pm ET -- U.S. Markets Closed
Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Terms & Conditions.
Yes there is, the company can place some large block trades at a negotiated price. It most likely wouldn't be shown on the daily volume either. That is what they will have to do it in order to buyback as much as is needed. I doubt they have the money for it now though.
Yeah, very good show, the ball seems to be rolling.
Six billion in trades ftd everyday.
Special Report: Phantom Shares
Bloomberg Television premieres a half-hour Special Report called "Phantom Shares" on Tuesday, March 13, 2007 at 7:00pm, 9:00pm, and 10:00pm ET.
Millions of shares of stock are being sold that may not exist. How? Through an obscure trading strategy known as naked short selling. Bloomberg Television's Special Report hosted by Mike Schneider explains what the strategy is, how it's executed, which companies are targets, and what the SEC is trying to do to control it.
It seems all we get are shades of shadiness from the SEC. They are not very transparent that is for sure. A fair amount of those companies were angry about the spam, yet the SEC is going after them for it. It is like someone going after paypal and ebay for the phishing scams of late, it wouldn't make sense, neither does this. And the fact that the SEC NEVER says they were wrong makes things oh so confusing for investors. If the court system charges you it says you were innocent or guilty. SEC will come out and say guilty but never innocent. As far as some companies having almost no spam, well.....NSS....? But NSS doesn't exist does it...Funny because FTD's sure do.
So the sec is mad about spam advertising of penny stocks. So they are halting the companies that have recently been spammed about. The problem is ofthen the company has no idea that they are being spammed about in the first place. So why doesn't the Sec attack the spammers? Oh right that would be to hard, how silly.
It really doesn't mean much to me though, they halted so many companies at once.If it was just civx it would worry me more, but this whole mass suspension thing reeks of looking for scape goats in a corrupt market. Who knows?
http://www.sec.gov/litigation/suspensions/2007/34-55420.pdf
seems to be the reason.
Only spend what you can afford and as always protect your capital.
I called before the split and safekeeping had to send them in and get new restricted stock after the split. So most likely they will be r/s.
Actually breast endoscopy is not new, however Solos is in a profitable market.
I have read some foolish posts here today, last ditch bashing won't work say what you will, you won't get many shares tommorow. The price may get pushed down, the panic of the flippers may ensue. Or the price may go up as the panic of the shorters is let loose. Neither scenerio matters at all in the big picture. The longs won't break. Read the names on the shareholder list, those names are real. The companies and individuals that have invested in it know its real. Give up the bashing you lost weeks ago. You can't have my shares.
If you read the shareholders list tonight and you still have doubts I do feel sorry for you. And I think Mr. T described the bashers best with the phrase "I pity the foo".
Yeah I have input read my previous post.
Hello guys haven't posted for awhile because I got tired of the drama, this one is for the naked shorts. I have been in since .12 and I won't let go..............sukkaaazzzzzzzzzzzzzzz
I wanted to know exactly what the facts were so I called tdameritrade today talked to 3 different people got the same awnser from everyone its to late to buy for the divy if the 18th is truly the date of record. Then you had to buy before the ex date which is two days before the date of record. So if you do own before the ex date you are safe. Also you are safe to sell after the ex date from what they told me. Call your broker and ask. Hope this helps everyone understand what is going on.
From investopedia (donfrims what they told me):
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
Declaration date– This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date– On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record– This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) – This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
You can't buy on the 18th and get the divy according to what tdameritrade told me today. You have to have bought the shares on or before the ex date. Which technically should be like 2 days prior to the divy date.
From investopedia:
The Important Dates of a Dividend
There are four major dates in the process of a company paying dividends:
Declaration date– This is the date on which the board of directors announces to shareholders and the market as a whole that the company will pay a dividend.
Ex-date or Ex-dividend date– On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record– This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) – This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
I hope they pick an auditor soon. These guys just went public via a reverse merger. I really want to see this companies financials. They say they are getting ready to uplist nasdaq has fairly steep requirements if they want to make around 30 mill a year, are they already at 10-20? :).
Volume is huge today, tons of accumulation.
Slse is a good divy, the company is real and well known, and they have various new products to place solos will be like a savings account for me, I won't be flipping it even if I am allowed to.
I realize the big story here are the solos dividends, but Lifeline could have some stuff up there sleeve. The Ceo stated the company is looking at going into aquiring companies involved in medical and the alternate energy market, could be interesting.
Kept 10% of my holdings, to see what happens.
Agreed I don't mind holding the solos shares at all I think its a good deal, besides having such a strong base of held shares will actually be good for the stock. And if they are moving up to the big board all the better.
Stock looks ready for a nice little pop.