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I got in LFWK at .0048, way below half a cent....and I probably don't have any shares, because none are available......PR's are a matter of public record that can and will be used against you, that's why most are vague and speculative in nature...his was clear and to the point.....insiders own more shares than what are available...PERIOD. So what is being traded now?
He still knows where all the shares are.........not in the hands of the MM's, that's for sure and yet it traded over 3 mil in volume on Friday.....3 million of what traded?
Would he release a PR on it and put his A** in the sling. Their PPS is thru the roof. I love his new term...SHORT SELLER CAPTURED CAPITAL. What will Pearl calls her sting operation.
So how did Loftworks do it...they bought mores shares than the float, and still volume was up.....what were people trading? Naked short shares...that's what.
(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC. Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued. The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven. Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers. Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet. Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with.
For more information visit our website at http://www.thestreetwire.com
She tried screwing the shorters by doing a forward split, but that didn't work cuz they still just drove down the pps to cover their shorts....now with preferred shares......shares they do not have control over....they cannot drive the market down to cover their shorts....and even better..Pearl hinted that investors could convert their preferred shares at 500 to 1 to common stock in the near future, which puts a REAL DOLLAR amount on them......two times the PPS.
Explain that please....I UNDERSTAND IT VERY EASILY..IT'S WRITTEN IN PLAIN ENGLISH. He and company insiders bought more shares than are available, yet it still continues to trade....what is everyone trading...naked shorts.....how else do you explain it.
If what you're saying is true, and I have no reason to doubt you, then according to other posters on other boards, half the float is in firm hands...hate to be an MM.
Janice...you keep saying that but have yet to comment on Loftwerks who own MORE than the float, and yet it is still being traded. Their CEO came up with his solution and Pearl came up with hers......why will you not comment on Loftwerks approach since I have brought it up SO many times.
Then why are you here? I don't surf boards (ha ha) that I don't have a position in.
What about Loftwerks.....They own MORE than the float. How is that failing miserably, their PPS is going thru the roof. I don't know how it will turn out, but they even made a name for the extra shares they have....great idea, if you have the money. I find it amusing that the stock is still being traded when there are no shares out there. It's gonna shake stuff up for sure.
SOOOOOOOOOOO... In your opinion, does a short exist or not.
I'm not interested in the preferred stock right now...just in why you guys don't think a short exists here.
So why isn't it possible for it to exist here, seems like the CEO thinks it does and the divvie thing is her way of combating it...other CEO's have come up with their own way.
They called GWGO pretty good, that's where I found the link to them.....I am still researching squeeze trigger plays as a viable trading indicator. My research is about split though.....all the recommendations they make go up(on a squeeze trigger play as they call it), but only a few really run....like GWGO....I'm currently trying to filter out what the difference in the companies and situations that surrounded them are.....BTW Jim...earlier you posted that naked shorting doesn't happen, can you be more specific on that.....I chatted with Janice on it yesterday and would like to see what you think.
So Jim can you explain this scenario.....If I own shares now and sell them on X-Day, the 15th, then I will still get the dividend because my transaction won't clear until after the record date. Thanks for your help.
See what Monday brings....even if this isn't a short squeeze play, you still have the "people like free stuff mentality", I'm gonna keep a mil shares to get the divvie no matter how high the PPS gets......I've never owned a billion shares before and even if they are sh*t....imagine the size of the rose garden I can plant with them. Bottom line is that investors like free stuff that have a minuscule chance of becoming worth something, so people are gonna get on board to get the divvies if nothing else. IMO of course.
It's kind of like the settling period for funds. When you sell a stock, you know how you have to wait three days till the funds settle, well, to get the divvies you have to own the stock on the 15th, which means you have to have bought it on the 14th....Tuesday is the day it'll see it's high. IMO of course
This is my last thought on this stock for tonight. I believe a short situation exists, but people(including myself) don't like to lose money....so if we want to catch the shorters and MAKE MONEY.....do this. I am gonna sell JUST ENOUGH to get my capital back, then see where this goes...at least till Tuesday. That will leave enough shares in the investors hands for the MM's to raise the PPS to cover their shorts. This is a safe play......it's hard to be safe when you have profit on the table, but I'm not gonna take it. I am taking my money back and no more......If we all take this approach.....we will see massive green. This is the mentatlity of many boards.....not my idea, but I agree. IMO of course.
LFWK....DID THEY EXPOSE WHO SHORTED THEM? No, but their PPS SHOT UP. Be honest, that's all us investors care about.
What's hard to understand about it.....company officials have BOUGHT MORE THAN THE FLOAT. How is that possible? Naked short sales. Why would they release a PR on it...it'll be their ass if it's not true. They are not the only one either....many...many articles on the subject. Pearl says this company is being shorted....no reverse split...she even named the shorter.....WHY?, cuz she's pissed. I would be too. So let's see how it plays out. I'm willing to bet your LAST post will be Monday night. THANK GOD!!!!!
Explain LFWK's. They own MORE that the float and have released a PR about it. Their PPS has shot up. HOW CAN YOU OWN MORE THAN THE FLOAT? Investors cannot short stocks below $5.00, but MM's can and do. Look back at the previous posts and you will see PR's and articles on naked short selling. It happens. An investment term in pennieland is "squeeze trigger play." This wouldn't exist if it wasn't for naked shorting. Look at GWGO, when their squeeze trigger price was released....it shot up...and I made money....I have quadrupled my money since x-mas with squeeze trigger plays....and anybody who doesn't know what they are....do some research. I did and it wasn't hard...I'm not gonna explain how they work here.
The point is that different CEO's have their own way with exposing Naked Shorts........Giving a 1000 to 1 dividend is Pearls.
In an earlier reply you confessed that you wanted to stick it to the DoM and that you didn't believe in NAKED SHORT SALES. So tell me what is your feeling on naked short sales? Do they happen? What do they do to a pinkie? What can a pinkie do to combat it? No advise......just an opinion........
Whenever you post, you give advise. IMO means just that....and that is advice.
Oh my god she's back....Thanks for helping us NEWBIES out, if I would have listened to you I would have made -$15.00, the price of commission. However since I went against your great advice, I have made money and am in the green Please list the stocks that you hate (bash) the most.....I need some more picks to invest in.
I agree, but then tell me, how does it happen? Plenty of examples out there.....LFWK owns more than the float, yet it's still trading today. 13 mil in volume....so what's everyone trading?
Because that's when it will be the highest.....I would keep some for the divvie, but profit from the rest....with luck, my grandkids could cash in on the preferred divvies. Pearl is using the divvies to screw the shorters, they are pretty much worthless. IMO of course
Yeah, I know, just trying to make the point that it's high will be Tuesday afternoon, I don't think mine are big enough not to get out (at least with half my shares).....just a passionate moment. LOL
I follow the sell half at 100% rule, but HAVE NOT in this stock. I'm in at .0001, .0003, and today at .0004. I'm not selling my first batch till, .0006. Just me. A LOT of others are saying hold till .001. I know one thing, I'm not selling ANY SHARES until TUESDAY at the earliest, I don't care if it hits .01 on Monday.
The point I'm trying to make is that NAKED SHORT SELLING happens...thanks for your posts....why is JIM trying so hard to say that it doesn't. It can happen on an unsolicited company as well, today the only one's selling at .0004 and buying at .0003 were the MM's (with the exception of some lucky investors getting in at .0003)
So how did Loftworks do it...they bought mores shares than the float, and still volume was up.....what were people trading? Naked short shares...that's what.
(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC. Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued. The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven. Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers. Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet. Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with.
For more information visit our website at http://www.thestreetwire.com
A lot of buys went thru at .0003, been watching them.....if mine didn't go thru, there must be a whole wack of them in the que.
I've had a buy order in ALL day at .0003. Didn't get filled.
What investor cares about the DOM......I don't give a crap if they rape my wife if it gives me a 1000% return on my investment........INDECENT PROPOSAL, hell I'd serve my wife breakfast in bed.
Janice, if you have such a negative opinion of this stock.....go somewhere else....don't hide behind the "I'm here to protect the Newbies", "I'm playing devils advocate", yadayadayada......See you!!!I'm ignoring posts from you from here on out. Oh yeah, tell your boss's to cover their shorts...THEY HAVE TO, or they go to jail.
PLEASE READ THIS. I have never posted here, but have followed this board. After reading other boards, something that hasn't been mentioned here is this; NAKED SHORT SELLING. If you look at one of the last PR's. PAIM specifically says, "When the divvie is paid, any shorts will not be able to collect." All along Pearl has been saying that this stock has been shorted. The reason she did a 1000 to one dividend is to screw the MM's. If they are short, THEY HAVE TO COVER. How can you get dididends if you don't really own the stock, but just have fake electronic shares from the MM's. THEY HAVE TO COVER. Especially since the divvie is preferred shares that they can't get. I guarantee they are panicking right now. A lot of other boards are gonna hold instead of flipping........this will make the MM's go crazy and the price will skyrocket. I usually sell half of my shares at 100% and ride freebies, but I'm staying in this one longer. I think this thing will really be high by the 15th. IMO of course, do your own DD.