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You are psychic
Anyone know why MM's like to cycle their bid or ask entry up and down, seconds apart ?
Earlier today SBSH was flipping from .006 to .0007, and back to .0006 again multiple times in a matter of seconds.
UBSS has typically had light inventory here. Not sure about ETRD at .0008. Imo, next tough spot will be HDSN again .0009/.001 HDSN sold quite a while on they way down, around .001
Been watching NITE. Big deal with this stock to see Nite raise ask way up
On the rosy side, if things work out as planned, they will close over 740 million in commercial loans by end of December, and earn a 5 percent fee, and minimal operating expenses = 35 million in pre-tax profit.
This should be about 20 million plus in net, after tax profit, in 2007, and that would be a major bagger. Just give them a P/E of 3 to 5, and we have a market cap of 60 - 100 million.
Once the first deal closes, the big work will be done, and the 740 million should crank out, as well as additional future blocks. The delay's you asked about were discussed by company in the recent PR / Shareholder letter. Generally, it's the time it takes for a new, creative commercial loan product to be accepted as mainstream. No doubt, there have been many delays.
I firmly believe the deal is real, and their intentions true....our enemy has been time. But it is starting to feel like we are near the finish line now.
Other than illegal dumping, what are some of those ways ?
I do not see it that way at all. I see the new avenues as additions to the main, ethanol plant product. I honestly think this is a real positive, and would look to add to my position here, on drops.
The main page on Greenbelt site is mostly devoted to ethanol plants and the entire Diversified ethanol site.
I am very pleased with the new, additional corporate website.
MM's seem to have so many ways of hiding true buying activity. Perhaps they wanted to hold some trades back....
Relative to daily trading volume, today's T Trade was much smaller. Second interesting item is the difficulty filling at .0004 ask end of day. Third, Auto drops off EOD. Some more T Trades may post in next 30 minutes, we will see.
Decent chance we just finished current reg-d sales. If so, this could run, esp with growing momentum we have seen this week. And if we get news of deals closing, watch out.
Subprime may actually open doors for them, as their commercial product now has an insurance wrap, and company feels this type of product will be in more demand, due to current credit market situation.
I am definitely pleased to see volume buys coming in at .0005 now.
I know they sell reg d shares below market to outside entities (accredited investors registered in Minnesota is the usual way). Typically, I think they get half market. But I can't deny it's a definite possibility, selling to associates for much less than half market, so they can cash out. That would allow for a higher number of shares, but there is no way to know.
A while back, they posted a merger document on the Florida sec state website, for JMCP aquisitions corp, when the gold mine was brought into JMCP. It listed all the former mine owners, and the total shares given out was just under 50 billion.
I do not think it's still available for viewing, but you can see it on the old posts on the Yahoo Finance message board for JMCP.
Just another possibility.
Reg-D is limited to $ 1MM, so I would think the max issued for cash would be about twice that, 20 billion, so JMCP could net 1 million.
What makes you think they are selling 50 Billion ?
I agree. Lots of new info on the product page, about new technologies, and their future rollouts.
http://www.greenbeltresources.com/products.html
My comment about hiding dilutive activity was not referring to the company. Sorry if I sounded too accusatory. I was referring to a practice I have seen lately in several stocks, where the usual diluting wholesale mm (like RBCM) seems to use NITE to sell at the ask, and then, at days end, double T Trades appear, possibly indicating shares being swapped between mm's. Just guessing.....
Imo, we actually held up fairly well today. I expected us to have minimal bid support, and drop lower than we did. And the afternoon was mainly buying at the ask. We will see what develops next week. A lot of shares traded today, with 20 million t trades, and we were even to up a bit on the day.
Perhaps I have been quite negative in some comments the past few days, here, and in some private pm's, but I have been quite fearful of a reverse split prior to the end of dilution, and deal #1. Although I have not posted much, I have been in this stock quite a while.
Today's trades actually were encouraging, to see us hold up well into volume. And I am sure we are all hoping for the best outcome, a closed deal soon.
That's old data, I suspect. Here is a link to the new GRCO website. The Directors tab has all officer names, info, and photos.
Bob Johnson is listed as Ceo, and Pres.
Main site:
http://www.greenbeltresources.com/index.html
Officers:
http://www.greenbeltresources.com/bios.html
To check for daily reverse splits:
http://www.otcbb.com/OtherDailyList/
They usually post around 1 to 2pm eastern, under view, name/symbol changes
SBSH is at the ask today, NITE has been holding back at .0004
Imo, can't say whether SBSH is just making a market here, at .0003, funnelling sales for NITE, or both. Existance of after hours T Trades will give clues.
Interesting they filled you at the ask, though. I do test buys and sells as well, like the idea.
NITE is the key MM currently. Lately, I have seen several diluting, wholesale MM's working through NITE, in an attempt to hide dilutive activity. If NITE drops the ask, I suspect we go lower with sells wiping out whatever bid we have left. NITE seemed to be the main seller the last week, and repeated this process many times.
Currently, NITE is at .0004 They loose a large percentage of proceeds per share if they drop from .0004. We will see how desperate they are to sell.
And whether we get a reverse split will tell us if the company has the funds to survive to a deal, or not.
Re: preferred shares. I emailed Downshire August 6th, to ask if preferred exist, and the answer was no. NO preferred exist, as of a month ago.
Neil is in Hong Kong, sleeping. He and I chat often, and he has put a lot of honest effort into researching HCPC.
Our main enemy is time. Looks like the first deal will not come in time to prevent a reverse, and further dilution. Imo.
Todays events have nothing to do with an oil company, it's a shell. Soon, we should hear what is going in it, and who is getting shares.
Perhaps we are getting a divi stock, due either to MCCY taking someone over, or someone acquiring part/all of them.
Based on the "Major Takeover" PR
There are aprox 7.3 barrels oil /ton
so, 15,000 tons/month = 110,000 barrels/month
= 1.3 million barrels per year.
Also, 9. Future exploration: 180,000,000 rubbles will be required to increase the production to 100,000 ton/month.
180 million rubles is aprox. 7 million dollars, or 6 weeks revenue from above existing wells.
Level 2 definitely improving. I suspect MM's unloaded much inventory the other day. A little more buying pressure, and we should be back to .002 x .003 range
News of a closed deal, and we will be priced in multiple pennies
I agree 100 percent...finally, they sound confident, and capable. The answer to question 11 was direct, and impressive, when she described why they started the BCLOC program
Very encouraging, and finally a very open, detailed discussion from company.
PR does nor specify who is buying who. Perhaps it is referring to MCCY buying Biocognisafe ?
I have not been following all detals here lately... Is this a possibility ?
News Release out. This is the second well written PR in a row, without any flashy language, or pumping of the stock. I think this is a much better way to inform us about the developments at GRCO:
Greenbelt Resources Corporation (GRCO.PK) Now Debt Free
EAGLE GROVE, Iowa, Aug 27, 2007 (BUSINESS WIRE) --
Greenbelt Resources Corporation's (Pink Sheets:GRCO) CEO Robert Johnson is pleased to report the company is now debt-free, including its real estate holdings. Company financials will soon be available for review by its shareholders.
CEO Johnson is also pleased to report that Greenbelt's subsidiary, Diversified Ethanol Corporation, which designs and builds ethanol plants of various sizes scaled to the needs of end users, has recently received fees, & services are being delivered for additional Feasibility Studies on behalf of prospective customers of its plants. Upon completion of the Feasibility Studies, the company expects to receive the customers purchase order & down payment.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Greenbelt Resources Corporation
Greenbelt Resources Corporation
Robert Johnson, 515-603-6633
Copyright Business Wire 2007
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You and I will never agree on the best approach to having shares here.
I do not see this as a black and white issue. Maybe we are headed for something legitamite here, but encouraging an investigation now would stop any progress dead in it's tracks. I am hoping somethng good comes out of a shady beginning.
But, regardless, my comments here are pointless, as there will always be some who want to beat the investigation drum. So go to it, and lets see where we land.
Do as you will, but encourage any issues with securities investigators, and you can permantly kiss 99.99 percent of your .0001 "investment" goodbye.
This stock would become a dead shell, or best case, a 10,000 to 1 reverse split, and all value gets fluhed down the toilet.
Like it or not, we are all in Frank's hands now. We have way too many shares out for anyone to do anything with this entity, should Frank fail.
There will be plenty of time later on, for the emotional satisfaction of revenge. Right now, we are best off letting this play out, and see if a run, or dividends, materialize.
I suspect recent drops in the Dow may have led to delayed pr's from many companies
Buying here, at .0007 is a great risk-reward play, IMO.
Quite possible, LOL. eom.
CMXK, and QBID went up a lot, before crashing. Fine with me.
I found the Stephen Taylor name frequently on this board from a 2006 search:
Looks like Stephen Taylor was the IR guy. Are they related ?
Here is one excerpt:
For more information please visit the company website at: http://cottonwestern.com, or you may contact Investor Relations at (973) 351-3868 and ask for Stephen Taylor.
There were a bunch of deleted trades. I am showing 890 million actual volume so far.
SBSH at .0001 ask, loads of MM's at .0002,
The only Mm at .0002 with double size is VNDM
Doms, and UBSS at .0003
1 MM left at .0001 ask