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Wow someone's been paying attention to OA's posts! Gj trending the inconsistencies, daddy-o.
Sorry hog but you failed to follow the thread properly. OA said stating an opinion can't be a crime - I said it sure can, and provided an example.
I never compared genecide to message board postings. I hope you understand the difference.
Read it and weep:
"Three Rwandan media executives have been found guilty of inciting violence during the genocide of 1994.
Two worked for a radio station which broadcast lists of people to be killed and revealed where they could be found. The three were given long jail terms.
"Without a firearm, machete or any physical weapon, you caused the deaths of thousands of innocent civilians," said the international court judge.
About 800,000 Tutsis and moderate Hutus were slaughtered in just 100 days. "
http://news.bbc.co.uk/2/hi/africa/3288267.stm
His point is clearly that opinions can be used as weapons, they are not always benign. Is stating an opinion a crime? Not usually.
But in Africa, over a million were killed when the Hutus and Tutsis (sp) stated opinions that "I think you should pick up an axe and killa Hutu" over the radio. The result was that the radio broadcasters were sent to prison, merely for stating their opinions. Much like in the Nuremberg (sp) trials for the nazis.
The point? Words can KILL. Only wolves in sheeps clothing say otherwise.
Applied to this context, your advice/opinion is potentially destructive to the company and shareholders. You're free to express it, but yes opinions can cause damage. And yes, some "opinions" can land you in jail, and are indeed irrefutable crimes.
You're right on that. The SEC never helps pinkies tho, and an investigation never helped a company based on the previous points we agree on. Any involvement from them is bad. The fact that people here have filed with the SEC and nothing has happened is good!
lol... u obviously haven't followed many SEC investigations. Once they investigate, there are 2 possible outcomes. They either (after presumed halt) press charges, or you never hear from the them again. The SEC doesn't clear a company's name if they investigate and don't find anything.
The SEC doesn't present facts regarding the innocent.
I disagree, it's a matter of proof. The SEC sure halted CSHD and Cyberkey when they had proof it was a scam. So they likely don't have any proof of any wrong doing here. The only "crimes" here are delays, I would argue anyway. The verdict on everything else is still pending, and lots of us think it will turn positive soon with many claims substantiated.
I do agree they don't care nearly as much about pinky crimes than other stocks, but if they have proof they have, and will act on it.
On this, I do agree with you Ny. I've followed up several times with TDA and PNMS and it looked like the divy issue was going to get finally fixed, but it is still outstanding.
It's not the most important issue on the docket, but I do want my dividends.
Isn't that assumption irrelevant? Even if he assumed it was being halted for NSS, or any other issue... for taking too long to pay people out or whatever you consider a crime here (I don't think the SEC regulates time limits on corporate developments... as much as delays may annoy investors), the effect would be the same. The stock is halted, will eventually come off halt, and get crushed with no MM's allowed to facilitate trading. That's how it works here.
let's say a halt went on indefinitely like BHUB. Why wait for the SEC + pink sheets to crush your share price when the halt is lifted? Most of us have been through it. 1 MM or no MM's, and the price tanks 90% in 5 minutes. Whoopee. Why not take a risk and submit to the PDR exchange at that point? What's the risk, even, that you lose your last 10%? I would have to agree - if there was a halt, it would drive nearly all owned shares to be pulled as certs and converted ASAP. I can't imagine wanting to go through another SEC halt lift again, they certainly don't protect investors by stripping MM's off the bid and ask. Gray sheets is no way to protect people!
They told me this over the phone. I've been told in clear terms by MT and Theresa that they have NEVER received a list from TDA. And they freely acknowledge that no other broker has refused to comply with the request - every other broker is in good shape, and responded either by shareholder list, or individual forms.
So if you disbelieve, I'd like to hear a conspiracy - what would PNMS's motive be to lie about just 1 broker, and give everyone else the dividend? All logical paths lead to TDA being dishonest, as if they have something to hide. Like possibly a short position from last year. They are losing clients over this, losing money directly.
I think everyone agrees there is no significant short position now, based on the trading patterns, BTW.
Thanks Cause! Very interested it took them a couple weeks to send it. Probably had a bunch of lawyers comb it over to make sure it doesn't say too much.
That was also one of the many reasons I received when I called too, PNMS was asking for "too much information". Which other brokers didn't have a problem with providing, interestingly.
You're making the assumption that TDA is telling the truth, and PNMS is lying. The fact that TDA gives me a different excuse when I call, and refuse to "resend" the list indicates to me there's a fair chance they never sent it. They've lied to me about other companies they froze trading on anyway, so TDA has a history of dishonesty with me personally. Let's not jump to conclusions so quickly, without a shred of evidence from either side.
Pray tell, if you presume that PNMS did receive the list - why would they acknowledge that they received the list from Scott Trade, E Trade, whomever else - but lie just about TDA? Where's the logic in that scenario?
There is a debate to be had here OA, that we will almost certainly disagree on. I see your points, but there are several underlying assumptions to be contended.
Are good companies ever demolished by shorts? I don't think so.
I think good companies are demolished by shorts. Your defense would lie in the definition of "good company". If you mean an established company with big revs coming in, audited financials, accountants/lawyers/shareholder meetings, no! They're not destroyed.
But what defines a "good company" on the pink sheets? I would say a company with a good business model, talent, some capital, and a shot at success. YES these types of "good companies" are crushed ALL THE TIME by shorts. And certainly a mix of their own mistakes, but those mistakes are very frequently exploited and amplified by insane amounts of shorting, as I am sure you are very familiar with.
So are you excluding the honest pinky from "good companies" at large? I suspect so... or do you simply think 99% of all pinks are scams? If I had to put a number out there, I don't know I'd say maybe 50% are junk with misleading PRs but there are alot of noble American efforts out here trying to make something of themselves, with deep pocketed sharks sucking up profits from any big run that occurs. I've ridden many a ride up only to watch it crash right after, where shareholder sentiment was WAY too strong for there not to be an articial suppressor such as naked shorting, which is not monitored by the SEC on the pink sheets.
You don't think TDA has a requirement to provide a shareholder list for a dividend? Sheesh...
Feel free to explain.
Wow, they would only talk over the phone with me - nothing in writing. I got 4 or 5 stories from TDA:
1) All the company has to do is request a shareholder list (it's too much work to handle individual forms)
2) We've already provided the list to PNMS
3) We never received the dividend shares from PNMS (because it's a land dividend, there are no shares coming from the DTC duh!)
4) Just submit your request in writing and we will fill out the form for you (didn't happen)
Would you mind posting exactly what they said to you in the letter, if you haven't already?
The "brokerage conspiracy thing" of course temps the palate because people want a short squeeze. If a stock has been institutionally shorted, a big cover is expected, PAIV style. Of course it hardly ever works out for us, but that's the reason it is enticing, the main reason CBAY has current activity, before insider buying was posted in 8K.
So... after all that has been posted over the past few months on it, and after working for a hedge fund - you still think it's all a big myth that stocks get demolished by brokers, MMs, and hedge funds?
I'll find it eternally amusing that someone who made a living shorting stocks at a hedge funds has the cahoonas to tell the world that shorting doesn't really affect stock prices.
-After making a living doing it-
Welcome back!
Yup I said TDA is involved with alot of shady transactions. But I never said they actually caused PNMS to have a low price. They're two different things.
I was just going to say the same thing - Overachiever you're making things up, nobody said TDA had anything to do with low price. Stay on target!
TDA is no doubt the worst broker. They halt more penny stocks-on-a-run than anyone else, refuse to give out dividends the most... it sure looks like they're involved in a shorting ring. Why else would they specifically halt pennies that are running up? A penny drops 90% in a day, that's fine, buy all you want - but if it's heading up, we feel the need to "protect the investor". Which I take to mean, protecting the investor that is shorting - their MM's and offshore hedge funds, as many have alleged to.
Kinda funny, they're telling the truth, they ARE indeed protecting investors. Just not you!
Unfortunately though, TDA does have the best, leanest, quickest web site for fast trades, they amaze me with their efficiency. They have harnessed the true power of the dark side.
Despite my concerns, I still want in. I bought 50,000 shares today at .013. This has good short term and long term prospects, despite the risk (they're all risky as sin here, eh?)
Nice to see the stock doing well with some action - have a good weekend everyone!
You know more about it than I do, that's what I was hoping, was to talk about this and find out the situation. Just discovered it yesterday. I like all the news, just want to make sure I'm not going to get snookered into another huge dilution dump after news, which has happened to me O so many times on the pinks. Believe me, I want to like the company and buy more, but need to assess risk level.
So they borrowed 2.5 mill from microsoft to begin with? That's very interesting to begin with. It means Microsoft likes their technology and believes they have something good - and if not, they're happy to gouge on interest while they try to pay it back.
The only quick way out is a big contract, which may be taking place. Hopefully they'll announce a whopper soon. All of Techsphere's products cost at least a few million, so any purchase will cover the debt. But so far, no big buys, right? All R&D activity.
If we can figure out the situation on the loan/contracts and get some updates from the company financially, everything will be in place.
Also looking forward to the SEC setting the pay and ex-date for the dividend. I've seen the SEC do that in a matter of days, and for other companies it takes months.
OH - did anyone catch the show lastnight? I really wanted to see it... I'll bet it kicked some ass. How long was Techsphere featured for?
Was fishing around in the current CYDF 8-K. I knew there had to be something negative, with all the positive news taking place.
I wonder how Techsphere/CYDF will pay their bills to Microsoft by October 27th, 2007? The 25M share increase... if sold around .01, would bring in $250,000 (and I figure at most they have sold 17M of the 25M). How could they get another $600,000 within the next month, to avoid getting real nasty loan payments?
I figure only by landing a big contract quick, or MASSIVE dilution and A/S increase. Time to sink or swim.
Item 1.01 Entry into a Material Definitive Agreement.
On September 10, 2007, the Company through its wholly owned subsidiary, Techsphere Systems International, Inc. (“Techsphere”)
entered into an amendment with Microsoft Corporation which extended the due date of:
(i) the First Minimum Payment ($875,000) to October
26, 2007;
(ii) the Second Minimum Payment ($50,000) to January 25, 2008; and
(iii) the Third Minimum Payment ($875,000) to March 24,
2008.
If Techsphere fails to make all of the Minimum Payments on a timely basis, Techsphere will be liable for the full principal sum of $2,500,000 and all accrued interest under the Note payable in equal monthly installments commencing on April 1, 2008 by August 1, 2010.
1,000 to 1 FORWARD split, where the share price is at .0001?
What the hell's going on here? O/S of 41 million with A/S of 4 billion... and 1 billion traded today.
Seriously, WTF??? This is all highly illogical - thanks for all the DD tho guys.
What is the share structure here? Nothing in the I-box, nothing on Pinksheets.com... How many O/S?
If possible - someone PLEASE record this and post it somewhere! I'll be at work, grr... Great news tho.
Lol - NO! You're WRONG! about everything you just said. Counterpoints?
If someone sold PDRs at 10X what they paid... and wanted "them" back immediately... why not give them back 1X the value in certs? If I were running the PDR exchange I'd be happy to give them 1 and keep 9 for the company.
Talk about a win-win situation. Just don't expect the same exact cert shares you already sold - correct, someone else owns them. It sure is magic. Math magic.
Heh don't worry I wasn't losing sleep about them losing sleep. Nobody is contesting this is a risky investment, or a pinkie.
But still it's funny that those with the least to lose are the most paranoid.
Yes, there's an interesting correlation here.
Those with tons of PDRs are patiently waiting, for the most part. 1 or 2 freakouts but that's understandable from the delays. Those with a decent amount (but non-wealthy types like me) are asking questions, digging deeper, and waiting... somewhat patiently.
And those with a tiny amount of shares and little to no PDRs are TOTALLY SWEATING IT. They're watching intently with the focus of a child trying to watch water boil, and clearly not sleeping well.
I just feel bad for those extremely negative folks developing ulcers, with hardly any money invested. All that worrying will be for nothing, there's no potential profit if they never really bought in. They should consider a cost/benefit analysis, realize there's no way to win if you don't buy a lotto ticket, and do something more constructive and positive.
Unless they're making their money off the stock 'indirectly', to put it nicely...
I think you're right actually, I know who's on the BOD (and some very prominent names, the most prominent in Panama) but no fundacion council list.
Very healthy outlook here Noll. I'm not in, but was curious why the death drop. Best advice is probably here:
"Seems like the most prudent thing to do would be to wait until they take it down as far as they want and then start buying it back (watch for the multi-million block trades)."
I don't think so. I mean the Council, that lords of the Fundacion assets. The Board of Directors would lord over PNMS the stock. Right?
From what I understand (and I'm no expert on the rules), the Fundacion Council has to approve any major decision. Yes Pedro is the protector - but even he can't go ahead and pull out assets, or do anything really without council approval. And we have some very credible people on the council, that have played major roles in defining the current Panamanian government. My 2c.
Cool - do we have any numbers to work with? How many shares he owns, how much he lent PRXT or CYDF?
Why doesn't PRXT issue more press releases? Fair enough to be in a quiet development period. Looks like Techsphere has been very active, and CYDF but holding company PRXT has been silent.
CYDF went from .001 to .0018 during the dividend, and right back down to .001 after, lol. But I'm holding because I know the record date was meaningless in this case. The Techsphere dividend will be free trading for us! Which means... you need to own CYDF the day before the pay date to receive, not record date. So I'm holding and will add soon. All depending on red flags of course, as I dig around.
Someone did just delete one of Midas's posts from this afternoon, though, I noticed, in all fairness.
Ok, I'm new here so help me out.
I gather that Techsphere is a subsidiary of CYDF, which is a subsidiary of PRXT.
I'm mostly interested in Techsphere and their dividend.
Corey Ribotsky is a toxic finacier or something of the sort, that shorts stocks and kills em. Where does he fit in - and loan arrangements does he currently have with any of the 3 companies? How at risk are we - how much of the damage is already done?
Thanks for the interesting leads to you guys here.
Mainly, I think nobody knows. But we should start seeing some nifty PR's over the next couple weeks, I'm still doing DD but I might become long on CYDF... but moreso on Techsphere, they seem to have it going on. I definitely want the dividend.
Yikes, I didn't expect a crash in price until tomorrow, after the record date. But a little dilution will do that to ya. Anyway I'll be looking for some cheapies, as this is still under the radar and upcoming news should send it for quite a ride. Requires some patience tho.
Notice the important bit from the TPDI press release below, from a couple days ago.
AQSIQ projects the total gross revenue over a 3-year period for the use of TPID’s technology for LNG containers to be approximately 20.13 Billion Chinese Yuan, which according to www.xe.com, equates to approximately 2.67 Billion U.S. Dollars as of August 30, 2007. TPID has not yet completed its analysis as to what would be net revenues.
I love hearing the B word. There's going to be some sick action here in a few months. Good news on SSTY too, looks like.
AQSIQ Establishes Details and Target Pricing Structure Regarding Use of True Product ID's Technology For Chinese Liquefied Natural Gas Containers
True Product ID, Inc. (OTCBB: TPDI) announced that the State General Administration for Quality Supervision, Inspection and Quarantine of the People’s Republic of China (“AQSIQ”) (www.aqsiq.gov.cn) has agreed to supplementary provisions to its project cooperation agreement with TPID’s Chinese joint venture affiliate company, True Product ID Technology (Beijing) Limited (“TPID Beijing”), which establish details and a target pricing structure regarding the use of TPID’s S-DNA and KMACK technologies for Chinese liquefied natural gas (“LNG”) bottles, tanks, and other containers.
AQSIQ’s supplementary provisions require TPID Beijing to provide a special equipment security/safety logo, and to implement a special equipment identification security management system, for LNG containers throughout China. Based on official Chinese records, AQSIQ projects that there are currently a total of 130 million LNG tanks in China and that total is expected to increase by approximately 10 percent every year. AQSIQ wants TPID Beijing to complete marking of the LNG containers nationwide within 3 years, with marking to begin immediately in select areas.
AQSIQ’s supplementary provisions further require TPID Beijing to provide certain types of its proprietary S-DNA readers/scanners to approximately 25,000 LNG gas stations and 15,000 manufacturers throughout China and to integrate the stations and manufacturers into a special equipment identification security management system.
In its supplementary provisions, AQSIQ sets out certain “target” prices for TPID Beijing to provide (1) a special equipment identification security/safety logo for 130 million LNG tanks (a price for marking each LNG tank); (2) 50,000 of a certain type of its proprietary S-DNA readers/scanners; (3) 15,000 of another type of its proprietary S-DNA reader/scanner; and (4) an information management system for 50,000 platforms/ports for LNG gas stations, special equipment manufacturers and other entities in China.
Under the target prices set forth in its supplementary provisions, AQSIQ projects the total gross revenue over a 3-year period for the use of TPID’s technology for LNG containers to be approximately 20.13 Billion Chinese Yuan, which according to www.xe.com, equates to approximately 2.67 Billion U.S. Dollars as of August 30, 2007. TPID has not yet completed its analysis as to what would be net revenues. TPID anticipates it will be in a better position to more fully ascertain the expenses needed to implement this LNG tank phase of the AQSIQ project cooperation agreement as more details are gathered during TPID Beijing’s continued coordination and consultation with AQSIQ, provincial and local authorities, LNG gas stations, and special equipment manufacturers.
TPID expects to post a copy of and further information about the supplementary provisions on TPID websites. More specific details about the supplementary provisions will come as TPID Beijing works with AQSIQ to implement them.