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Yes, good explanation here, Cause. That is the difference - it's not quite "apples to oranges", it's "oranges to no oranges" lol.
Nah I think you're the one that doesn't have it right.
First, when you say "the reportS", we need to be clear which ones.
The only report I believe is accurate per short and NSS positions is the NOBO + OBO reports.
Common shareholders can only see the "short position" reported from various web sites.
Does "Short Position" include "Naked Short Position"? Are they the same thing. They're certainly not, I hope you understand the difference if you're calling me wrong without providing details. Pony up and clarify, and don't be undermining, especially if you're wrong. It's a pet peeve of mine.
I truly would expect you to understand that "short position" only indicates legal shorts. It doesn't track naked shorts, which are hidden from view. Legal short positions are only a fraction of the real short position in a given stock.
I'm sure someone that posts as much as you do around here knows this.
My, where to start. So many issues raised.
You might be right that there won't be a "short squeeze". The goal isn't to get NSS, I TOTALLY DISAGREE! They do want to leave the pink sheets. The two don't always have to go hand-in-hand. This isn't a "get shorty" Rufus type bluff, the best way to beat NSS is stop playing their game.
I don't think there's a "fire sale" on PDRs. They are, I believe, still offering PDRs at .0020 per share, a premium over current market price. It's the opposite of a fire sale. And yes, these are backed by restricted shares. Why is the company doing this?
Two reasons:
1) to create a PDR exchange market. They want as many people involved as possible. If they sell a few cheap restricted share PDRs to get someone in as a lifetime PDR exchange member, that helps in the long term to create this new market.
2) They could sell restricted shares at .0020, and buy free trading float shares at .0013, retire the US shares, and either keep the change or buy even more US shares. It expedites the migration from the stinky pinkies to the PDR system. By selling PDRs, they can actually reduce the OS.
Oh granted there are others that deserve 0% faith, true, but I don't spend time on any of those, once I've written them off I'm gone. I should have said, 0% of penny stocks that I still post on.
There's no shortage of garbage out here. I hope Petard and Rufus can save rent in the near future by sharing a cell with Jim Plant.
Good eye, thanks.
I would agree the chart is looking to heat up soon.
Check out the ADX trend line, trending up, and trending positive. I haven't checked the other indicators, but from what you posted it does look strong to me.
Ya either some impatient day traders selling even, or Big Apple finishing off. I just scored 5 million more at .0003 so I'm happy with it :)
Yes it is consolidating nicely. I'm still hoping for a Monday PR to send us soaring. I requested CEO to give us an update on financial projections for the Denver Broncos deal, tell us what type of merchandise will be printed, how much they expect to pull in for the first year, etc.
We have no idea how big this deal is, especially if they open more stores to sell merchandise in. It could really knock our socks off, which is awesome because most people bought in just for Boondoggle which is a totally seperate deal. I love companies that have like 3 or 4 burners cooking at the same time.
Hehe don't worry Dave, others of us with VERY powerful jinxs already bought in and drove it down from .03 to .0003. The damage has already been done lol.
Hmm to average down or not.. I regretted it last time it bounced off the .0003 and I didn't score any...
Sure I can include it! Most shareholders have their dividend, it DID happen as promised. It was late, but as an experienced dividend accruer, I can tell you most are late.
I actually don't have mine yet because I'm a TDA trader, but almost all other brokers have it settled, and PNMS gave it out to every shareholder of record that was proven to them. I'll split the hair and say it did happen as promised.
How not? Alot of people have their divies on the PDR system now, fully active. What part didn't happen as promised that it was late? What else?
Unbelievable. C'mon guys, pick a better cause to champion. This stock is scam city, no doubt about it. And you won't find another stock on I-hub I've said that about! Seriously, this is the first that I have 0% faith in.
I'm very generous... and this stock deserves zero room for doubt, it's garbage. Enjoy playing it on the swings if you're a trader, but please don't go long! It won't work out.
Except for the dividend being paid to most shareholders, a reduction of 4 billion shares from the A/S as promised, and the PDR exchange going live.
Unless none of those count in your mind for some reason.
There are people still waiting for audited financials to come out? Ouch...
I accepted my losses here a long time ago. Not that it hurts to keep the faith once you're down 90%, what does it matter after that, but I hope people understand the odds of getting that 90% are very slim. I just wish someone would go to jail, either Petard or the Sulja racketeers.
Sulja is the MOST OBVIOSLY guilty penny stock I've EVER seen, in my entire life. Were you in when they generated all the false propaganda, blueprints of their rising empire in Dubai? It sounds like you're a newbie.
I'm ALL for giving benefit of doubt to companies in question - and Sulja deserves no benefit whatsoever. They are guilty of forging documents, pumping & dumping, and everything else that can go wrong in pennyland.
Here's a post from another board, from TDA regarding the dividend. Take it for what it's worth, they're not always right:
emails from/to TD AMERITRADE
"In order to get the dividend you will have to own the stock on the (day) when the market opens on the ex-dividend date which is 8-15-2007. You do not have to hold it until the pay date. Let us know if we can be of any further assistance."
MY REPLY:
"Do I need to keep it through the 15th? If I sell on the 15th, Will I loose my right for the dividend?"
THEIR REPLY
"If you sell the security on the ex-dividend date you are entitled to the dividend."
Good chance you're right, but not positive. The OTC Daily List says the dividend "will not be quoted Ex-date", so that could mean that 3 day settlement applies, or could mean you actually have to own on the record date, Aug 15th. I have a bunch of dividends but never had one that "will not be quoted ex-dividend".
However I agree we should be seeing some fireworks.
Can't wait to see tomorrow morning and Monday, especially if we get a PR!
At current values, the dividend is worth 85% of your investment, for free.
70 shares of HMWM x .0005 = .035,
Which gets you 1 free share of EVSY at .03
I don't follow EVSY at all, but HMWM CEO said it looks like EVSY does have some interesting things going on, and should be worth something when it comes off restriction. I didn't ask what things they have going on though.
Aarg you mean I can't even get filled at .0003 now? Haha oh well, something to be happy & sad about. Bottom is so hard to determine sometimes.
.0003's gone? I was hoping to get some .0002's, lol. .0004 is the lowest I bought at so far.
Yeah looks like it. They officially tapped .0002 (only for MM's it looks like, to reload?), wish I could have been filled at that level. Hopefully we can start to move back up now.
So I know that the company did give 400M shares to fill a contract (two sets of 200M at different times), but don't know to who. Maybe that contract was Big Apple? After thinking about it, can't imagine who else they would owe shares to. The only other contract I know of is from the Timeless Sports store, and I'm sure they pay for the lease in cash there.
So Big Apple is very likely our dumper, that explains alot, eh? The company needs to ditch BA, they are poison. Even if the dumping is done now, if they renewed the contract with BA it would all just happen again in 6 months or so. Hopefully if we let the company know we HATE BA, they will drop them.
I think you're on to something significant here.
Thanks - lol, and I do feel right at home in our dysfunctional family here, reminds me much of home! That even includes you, Overachiever.
Lol that's a good idea. Maybe I'll sell all my shares, and give the cash to a lawyer instead.
And sue the company I'm long on - that should really help them become a success. Why not just ask the SEC to freeze all my assets? And tell my bank to foreclose my house? I'm going to die one day anyway, and would like to expedite the process of getting rid of anything of value as quickly as possible. We think the same way, you and me.
Wouldn't it be cheaper to fly to Panama and try to withdraw funds directly? That is supposedly still an option for anyone with a big enough stake.
And sue for what, BTW? For taking too long? I don't think you can get put in jail for moving slowly. Maybe you could sue them for loitering ;)
I asked today and was told 850M. Maybe you need to send E-mailed request to HMWM to get the update then? Not sure, I was just told it had to be a written request.
That's the bulk of it. Of course other things were discussed, and I might post some things later on, but want to think things through first. There is one thing in particular that might explain alot - but I don't want to start a wild goose chase. I'm trying to figure out who contracts were with and who investors were, not many clues but a few - CEO won't disclose.
Anyone can PM me with an e-mail address and I'll send back, sorry but I'm in the cheap seats here in Ihub and can't reply to PMs.
I believe it, you don't. Neither of us has any facts to back up either side, so let's let time tell. You don't know anything more than I do about it.
History cannot predict what happens here - this isn't your average stinky pinky, this is a very special stinky pinky, lol
The TA is not gagged, they just need a written, e-mailed request to reply to. They're not hiding anything! The OS is around 850M.
I spoke to CEO today, and relayed a few criticisms from the board. Here are the responses I got:
Q1: Why is the company diluting shares into the market, at such low prices? It's terrible timing to be selling right now, at all time low prices.
A: The company has not sold ANY shares directly into the market, as in online. Most of the shares in the O/S increase went to contracts, and some shares were sold to private investors, with the expectation (but not commitment) that the private investors were going to hold, and believed in the company's direction. Point being, the company didn't choose when these shares would be released into online trading float.
As to why the company sold shares to private investors now (at such cheap prices), it's the same as I explained before (and confirmed today). The Denver Broncos deal was a "fire or forget" type deal - either cough up the money and make merchadise NOW, or we'll find someone else to give the exclusive 3 year contract too. It was too good a deal to pass up, and will pay off in the future.
Q2: Why doesn't management use their personal credit cards to raise funds?
A: This has already happened! I was told to look through the filings, where I would see that John and other company staff have already put personal credit cards on the line for over $150,000! They are not buying ferraris with investor money. They are truly growing their company's subsidiaries aggressively, which is mandatory to keep the deal with the Broncos.
So my take on this, which i'm still processing, is that all sales were made to individuals or groups, whom have obviously resold their shares rapidly (and retardedly, not getting the free dividend which is now worth more than HMWM). This might be a subtly distinction that most people don't care about - but it shows that HMWM was not publishing PRs, and dumping that same day. There were many days inbetween.
To me this matters alot - they had contracts on the table, gave and sold shares to specific 3rd parties, and maybe a week or two later, released a PR and 3rd parties sold their stake. It wasn't as direct as people think, and I think this explains alot about the timing of events.
I don't think PNMS has any good reason to give out a cash dividend to pink sheets holders. They would be happy with a very low price, as I still believe they are buying back shares off the market. The want the price down, not up!
All to expedite the process of leaving this forsaken place forever.
However I personally am also not buying any more until people start to get paid out for their PDR sales.
That's correct, CEO worked out a deal to get more dividend shares, everyone will receive that is shareholder of record August 15th, 70-1 EVSY.
But his company is endorsed by the Denver Broncos.
Almost all stinky pinkies dilute, which I agree sucks, but how many have something to show for it that could take their company to the big boards, and turn into a real winner? You guys make some valid points, but all the negativity is drowning the extremely positive thing that was announced today. Find me another pinky that has an exclusive deal like this, even if they had to give them own blood to get it. This deal will make millions.
You guys are missing (intentially or not) his point. John meant to compare HMWM to DRJ obviously not for their current earnings, but for what they do in the market.
HMWM is now an official distributor of NFL merchandise, which reaps many million per year, I don't know probably hundreds of millions. What they are DOING is the same as these other massive, successfull companies. It's the business model he's pointing out - it works very well, look at these examples.
He's obviously not saying that we are now equal to these other huge, developed companies. We're following in their footsteps, as a start-up, and have a VERY heavy contract to leap forwards with.
I can't speak for them on that. My guess is tho, I think their estimated cash flow for the year is $400,000, but they won't have all that till December. I'm sure they are re-investing everything that comes in as cash now, but it's not enough to take this big time in a hurry.
Basically, the business model is to put Boondoggle machines in every bar in the world, and then collect monthly revs. It costs alot to set up, but is dependable income for a long time after that.
The sports line also has a high start up cost, it's a whole store in a mall basically, with high earning potential but can cost alot to expand.
E-mail reply from CEO:
xxxxx,
I'm disappointed the news didn't seem to have any effect. This is absolutely HUGE news!!! We are the first memorabilia company EVER (let alone pink sheet company) to get the Official status from an NFL team and this is for the next 3 years. That includes Dreams Inc. (DRJ on the AMEX) or Steiner who started as a tiny company until they got the NY yankees exclusive deal. Please look at DRJ. They sell at 75 times earnings.
Timeless by itself is worth $2.5 million using the same multiple and with this agreement much more because we can open at least 3 more stores in Denver to sell all the Bronco product we'll have. We are already calling the other NFL teams and believe we can sign many of them for next year. (The Broncos are making the introductions for us)
I agree Gonz, but don't think we're at risk of that at this point. The market cap is less than $300,000, which is just insane to me. With less than 1B shares, we'll definitely have a bid... however if the A/S increases, we will have a serious problem.
This company is making more cash than the entire market cap right now, talk about undervalued. Believe me I'm suffering as much as just about anyone, I'm over 50% down and shocked the price has dropped to this point, but I know we're coming back over the next week, too, for the dividend spurred by a deeper understanding of what today's PR means.
I hear you, but think you guys are being harsh. I don't think he "lied".
I think he had to change plans to deal with a rare opportunity. He told us no more dilution after 700M - and then the Broncos, who he had probably been in negotiations with for a long time, said "Ok we'll sign you up. Can you produce a ton of Bronco's memorabilia immediately?"
So he said yes, and had to dilute to make it happen. I really don't think it was a lie, I think the situation changed, and he adapted, did what he had to do to make the company a success.
I can show you some examples of REAL lyiing CEO's - that extend waaaay beyond what has happened here, which is all 100% legal and very common here on the pinks. Anyone get completely screwed by SLJB, CSHD, LBTN, etc? C'mon, we're in an entirely different league here, with real products already making real money, in real bars you can visit tonight.
Anyways, I can't believe nobody even got a little excited about this endorsement... I hope everyone read it!
"The Denver Broncos are excited to have Timeless Sports as a new team partner and as our Official Autographed Memorabilia Company," said Derek Thomas, Denver Broncos Manager of Marketing Partnerships. "
Yup I said that, and there has NOT been an increase in AS or RS. I don't get your point.
I asked the company to provide some financial guidance on this new contract, because people must not have realized how huge this is. Anyone who's looked at the profit margins on sports memorabilia knows it's in$ane, and this is a very rare deal, and vote of confidence from the Denver Broncos. That's quite an endorsement.
Personally I can't blame the company for doing just about anything to get this contract. It may have driven us down to .0003, lower than ANY of us expected, but they're building a company, not pumping a stock price. They are long term thinkers who know this will pay off, and pan out for longs. Unfortunately it's not very trader friendly right now.
The stock is in the gutter, but the company is in an awesome position, with 2 successfull lines of business. Most penny stock companies put all their eggs in 1 basket.
From what I understand there was some sort of timeline associated with the Denver Broncos deal. Mainly speculation, but - I think this is how it went.
CEO said 700M max. At that point in time, it was true.
Within a few days or a week of that, he got the Broncos to sign up. However, they didn't want to wait around and see if some penny stock company could come up with cash later. So they said - if you got money, and can print up a bunch of Broncos stuff to sell IMMEDIATELY - you got a deal.
So the only way to get that cash was to dump stock, very untimely and driving the stock to all time low, but when you have a rare opportunity like this... so he put his neck on the line, all or nothing.
Sucks that the dilution has gone this far, but they seriously can't have many shares left to sell.
From a short timers perspective, it sucks plain and simple.
From a long's perspective... would you rather have a decent share price short term, or a 3 year contract with the Denver Broncos, opening the door to other major league teams and cities? (and that contract will drawn in new investors to buy up the price)
Lol honestly it's debatable, but important to understand why the CEO has taken this course of action.
Oh ya, it's a big deal IMO. This could launch the entire Timeless Sports chain (currently only 1 store!), and allow them to branch out into lots of big cities with big teams.
That is insanely hilarious!
"Cert - an official-looking document that proves you lost money."