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Talk about a spike. It's up another 6% right now on the ASX with pretty solid volume... Not sure why either...
Did you see yesterday's financial statement?
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00816978
What do you make of it? I was never very good at reading those things...
Or the market update published today?
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00817127
Could they have anything to do with the spike?
It would have been nice if they at least mentioned the FDA, since as we "know", the approval is imminent! :)
You'll make a mint... and I'll make back my 5k. lol
My avg. share price is at .0085
NOW it's getting to me after your .0033 comment. ;) LOL
Lynas Receives All Approvals to Commence Construction in the Gebeng Industrial Area, Pahang, Malaysia
All approvals required to commence construction of the Malaysian Advanced Materials Plant for the processing of Mount Weld Rare Earths concentrate have now been received, including:
• Environmental Impact Assessment approval by the State of Pahang Department of Environment
• Siting and Construction Licence approvals by the AELB
• Development Order approval by the local authorities in Kuantan
Lynas Corporation Limited (“Lynas”) (ASX code LYC) is pleased to announce all approvals required to commence construction of the Malaysian Advanced Materials Plant for the processing of Mount Weld Rare Earths concentrate have been received and the company is in a position to commence civil works on the site.
The State of Pahang Department of Environment approved the Environmental Impact Assessment for the Advanced Materials Plant to be located in the Gebeng Industrial Area, Kuantan, Pahang, Malaysia on 18 February 2008. On 19 February 2008 the Board of Directors of the Atomic Energy Licensing Board of Malaysia (AELB) approved the Siting and Construction Licence following an approval recommendation from the Licensing Division of the AELB. Also on 19 February 2008 the Kuantan Local Council approved the Development Order application.
Lynas’ Executive Chairman, Nicholas Curtis, said “The company will immediately commence construction of the Malaysian Advanced Materials Plant. The plant civil works is the first phase which will supplement the early works package already underway.
It is very pleasing that the Malaysian environmental approvals have been granted after a rigorous examination by the relevant authorities. This approval is affirmation that the company is upholding our core values. Lynas believes the Malaysian Advanced Materials Plant will set a benchmark for environmental excellence within our industry. An environmentally excellent supply chain is important for the industry as many of the products will be used in environmental protection and energy efficient applications.”
According to LaBranche & Co's website, they are the oldest and largest specialist firm on the NYSE.
Wow!
Boy, I wish I woulda added my WRNW, NVMG, etc. money to my CTUM holdings last year... Diversification is so overrated! lol
I wish there were a net under us at these heights!
I can't imagine that the "big money" would take even the slightest chance that the FDA approval doesn't come through. They must know something!
Rare Earths are used in so many everyday products, and the demand for them is growing...
The best part is that Lynas owns the richest deposit of Rare Earths in the world!
INCREASE OF CHINESE GOVERNMENT’S EXPORT TARIFF ON RARE EARTHS
Key Points:
• Chinese export tariffs on Rare Earths increased to between 15% and 25%
• The export tariff increase on current prices would equate to an international market price of US$12.82/kg of Rare Earths Oxide for the Mount Weld distribution.
The Chinese Government authorities announced increases of the export tariff on Rare Earths effective 1 January 2008.
Lynas believes the increase of the export tariff highlights the shortage of Rare Earths and confirms the policy of the Chinese Government to protect the increasingly tight supply of Rare Earths in China. China is essentially the only current global source for these strategic elements until Lynas’ Mount Weld project comes on stream in 2009.
Lynas owns the richest deposit of Rare Earths in the world at Mount Weld and with over $300M in sales are already sold out of their stage 1 production!
This should definitely be added to everyone's LT investment portfolio.
thanks!
No. I was just showing you the link to the i-box I created...
this. Still playing with it, but it works.
Thanks for your help...
http://investorshub.advfn.com/boards/board.asp?board_id=11927
It comes out screwy in the preview but woks fine when I just post it...
it worked !!! :)
This is what I get when I try it... :(
Lynas Corporation
Mord
I just figured that out, thanks...
But I tried this (without the dashes of course)...
[-url]www.lynascorp.com target="_blank"[/url-][-tag]www.lynascorp.com[/tag-]
And it came out like this
lynascorp.com target="_blank">www.lynascorp.com
Please tell me what I'm doing wrong. (remember, I only entered the dashes here to show you hwat I did...)
Thanks
Mord
Web
Site</B>
<A href="http://www.lynascorp.com/"
target=_blank>http://www.lynascorp.com/</A><BR>
<B>About Lynas Corp </B>
<p>"Lynas Corp Ltd will become the only Rare Earth producer outside of China from July 09."Patersons Securities Limited</p>
<p>Lynas has a strategy of creating a reliable, fully integrated source of supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry. </p>
<p><em>Lynas owns the richest deposit of Rare Earths in the world at Mt Weld</em>, 35km south of Laverton in Western Australia. A feasibility study has been completed on the Rare Earths deposit and all Australian approvals required for project development have been received.</p>
<p>Over the last year Lynas has observed a trend in Chinese Government policy decisions which is leading to an increase in Government control of the Rare Earths industry in China and the tightening of supply due to the imposition of mining production quotas, and the reduction and restrictions on trading of the existing export quota. These policy decisions have followed the removal of VAT rebates for exports of Rare Earths oxides and an increased enforcement of China's stringent environmental standards which resulted in the closure of non-compliant Rare Earths plants. </p>
<p><BR>
Mount Weld </span><BR>
<BR>
Mt Weld Rare Earths Oxide (REO) deposit known as the ‘Central Lanthanide Deposit’ (CLD) is without a doubt the world’s richest Rare Earths ore body, easily capable of supplying up to 20% of the global market for 30 years.
<p>In addition to the world class Rare Earths Oxide (REO) deposit, the Mt Weld carbonatite is also host to extensive polymetallic Resource within the 'Crown Deposit' including niobium, tantalum, zirconium, titanium, and Rare Earths. </p>
<p>Dr Phillip Hellman of Hellman & Schofield Pty Ltd, Sydney, completed a JORC-compliant multi-metal geostatistical resource estimation study which resulted in Indicated and Inferred Resources totally 37.7 million tonnes. The ore composition is presented in the table below. The majority of the ore lies between 30m and 60m in depth, suitable for open pit mining. </p>
<p>The scoping study completed in 2005 envisages an open-cut mine and a process route based on existing technology to produce a suite of metal compounds and products. The strong economic and technical results of the scoping study were encouraging. </p>
<p>Ore samples for mineralogical assessment and metallurgical testing were prepared this year. An external research institute has been engaged to work on the mineralogical assessment and preliminary process development of the polymetallic ore, thereby allowing this project to move forward whilst Lynas personnel remain dedicated to the development of the Rare Earths project. </p>
<p>The next step for the Crown Polymetallic deposit is commencement of process test work based on the mineralogy and preliminary process development. </p>
<p>Niobium</p>
<p>The Mt Weld Resource is potentially the world’s second largest Nb2O5 resource (ranked by contained niobium metal) compared to the resources of existing commercial operations which include:</p>
<UL>
<LI>CBMM’s Araxa deposit in Brazil, with 460 million tonnes grading 2.5% Nb2O5 supplies over 80% of the world niobium market,
<LI>Mineracao Catalao de Goias Ltd’s (Anglo American plc) deposit in Brazil totalling approximately 18 million tonnes at an average of 1.34% Nb2O5, and
<LI>Niobec Inc’s Canadian underground deposit of 24 million tonnes at 0.65% Nb2O5 </LI>
</UL>
<p>Titanium</p>
<p>Titanium metal and Ti-ferroalloy products are used in the aerospace industry, for specialised process equipment in power engineering,chemical processing and in sporting equipment, notably gold clubs. </p>
<p>Rare Earths and Scandium</p>
<p>The Mt Weld Rare Metals deposits also contain significant grades of Rare Earths strongly enriched with the valuable heavy lanthanides, which could ultimately contribute considerable value. Also present is scandium which is used in high strength aluminium alloys. </p>
<p><em>BCC Research reports that the value of Mt Weld Rare Earths is expected to increase by 40-80% by 2008.</em><br>
(BCC Research is a leading information resource producing high-quality market research reports, newsletters, and conferences. ) </p>
<p><BR>
<BR>
<BR>
Most Recent News and Presentations<BR>
<BR>
Investor Presentation - January 2008•
Presented by Nicholas Curtis, Executive Chairman</I><BR>
<A href="http://www.lynascorp.com/content/upload/files/Presentations/Investor_Presentation_January_2008_-_Revised_31.1.08.pdf"
target=_blank>http://www.lynascorp.com/content/upload/files/Presentations/Investor_Presentation_January_2008_-_Revised_31.1.08.pdf</A><BR>
<BR>
<strong>Presentation for International Rare Earths Conference - November 2007</strong> <I>•
Presented by Nicholas Curtis, Executive Chairman</I><BR>
<A href="http://www.lynascorp.com/content/upload/files/Presentations/3rd_International_Rare_Earths_Conference_Hong_Kong_Nov_2007.pdf"
target=_blank>http://www.lynascorp.com/content/upload/files/Presentations/3rd_International_Rare_Earths_Conference_Hong_Kong_Nov_2007.pdf</A><BR>
<BR>
<strong>2007 Annual Report</strong><BR>
<A href="http://www.lynascorp.com/content/upload/files/Reports/2007_Annual_Report_-_WEBSITE_version.pdf"
target=_blank>http://www.lynascorp.com/content/upload/files/Reports/2007_Annual_Report_-_WEBSITE_version.pdf</A><BR>
<BR>
<strong>Study of the Rare Earth Resources and Markets for the Mt. Weld Complex</strong><BR>
<A href="http://www.lynascorp.com/content/upload/files/press_releases/BCC_FINAL_REPORT.pdf"
target=_blank>hhttp://www.lynascorp.com/content/upload/files/press_releases/BCC_FINAL_REPORT.pdf</A><BR>
<BR>
<A href="http://www.tradingroom.com.au/apps/company_annoucements.ac?contentUrl=http%3A%2F%2Fnewsstore.com.au%2Fapps%2FnewsSearch.ac%3Fac%3Dresults%26rs%3D1%26sy%3Dtpl_gca%26pb%3Dasx%26sf%3Dall%26dt%3DselectRange%26dr%3D1year%26so%3Ddate%26st%3Dca%26ss%3DTPL%26rc%3D20%26ax%3DLYC"
target=_blank>All Company Announcements</A><BR>
<strong><BR><BR>Corporate Offices
<p>Level 7, 56 Pitt Street<BR>
Sydney, NSW<BR>
Australia 2000</p>
<p>Phone: +61 (2) 8259 7100 <BR>
Fax: +61 (2) 8259 7199<BR>
Email: <A href="mailto:general@lynascorp.com">general@lynascorp.com</A></p>
<H1 class="text1 style37">Board of Directors</H1>
<p>Nicholas Curtis B. A. (Hons)<BR>
Executive Chairman<BR>
Appointed Executive Chairman of the Company in 2004. Prior to this Nick was President and Chief Executive Officer. He has over 20 years background in mining and finance including founding Sino Gold Limited, an Australian public company with gold mining assets in China and serving as Chairman for five years until November 2005. Nick also serves as Chairman of St Vincents & Mater Health Sydney Limited and as a Director on the Boards of the Sisters of Charity Health Service and the Garvan Institute of Medical Research.</p>
<p>David Oliver Davidson<BR>
Director - Non Executive<BR>
David is an independent Director of the Company and joined the Board on 28 March 2002. He has had a distinguished career with ICI and DuPont. An Australian, he has lived and worked in Europe and North America and held a number of Senior Executive roles with global responsibilities. He is a former Director of ICI America Inc. Since returning to Australia, David has been providing executive and corporate advice on organisation development and strategy.</p>
Jake Klein<BR>
Director - Non Executive<BR>
Appointed an independent Director of the Company, Jake joined the Board on 28 August 2004. He is also President and Chief Executive Officer of Sino Gold Ltd and President of Australia China Business Council NSW. Jake has over 14 years experience in senior finance and managerial positions. He brings invaluable knowledge of management of operations in China gained through his role as Chief Executive Officer of Sino Gold Limited. <p>
<A href="http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=lyc&companyName=&principalActivity=&industryGroup=NO"
target=_blank class="style37">Also trades as LYC on the Australian Stock Exchange (ASX)</A></STRONG><BR>
<BR>
<IMG
src="www.fotothing.com/photos/us/13024.gif"><BR>
<BR>
<BR>
<span class="style37">Web
Site</B></span><BR>
<A href="http://www.lynascorp.com/"
target=_blank>http://www.lynascorp.com/</A><BR>
<BR>
<BR>
<span class="style37"><B>About Lynas Corp </B></span></SPAN></p>
<p><span class="style36">"Lynas Corp Ltd will become the only Rare Earth producer outside of China from July 09."</span> Patersons Securities Limited</p>
<p>Lynas has a strategy of creating a reliable, fully integrated source of supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry. </p>
<p><em>Lynas owns the richest deposit of Rare Earths in the world at Mt Weld</em>, 35km south of Laverton in Western Australia. A feasibility study has been completed on the Rare Earths deposit and all Australian approvals required for project development have been received.</p>
<p>Over the last year Lynas has observed a trend in Chinese Government policy decisions which is leading to an increase in Government control of the Rare Earths industry in China and the tightening of supply due to the imposition of mining production quotas, and the reduction and restrictions on trading of the existing export quota. These policy decisions have followed the removal of VAT rebates for exports of Rare Earths oxides and an increased enforcement of China's stringent environmental standards which resulted in the closure of non-compliant Rare Earths plants. </p>
<p><SPAN><BR>
<span class="style1">Mount Weld </span><BR>
<BR>
</SPAN>Mt Weld Rare Earths Oxide (REO) deposit known as the ‘Central Lanthanide Deposit’ (CLD) is without a doubt the world’s richest Rare Earths ore body, easily capable of supplying up to 20% of the global market for 30 years.
<p>In addition to the world class Rare Earths Oxide (REO) deposit, the Mt Weld carbonatite is also host to extensive polymetallic Resource within the 'Crown Deposit' including niobium, tantalum, zirconium, titanium, and Rare Earths. </p>
<p>Dr Phillip Hellman of Hellman & Schofield Pty Ltd, Sydney, completed a JORC-compliant multi-metal geostatistical resource estimation study which resulted in Indicated and Inferred Resources totally 37.7 million tonnes. The ore composition is presented in the table below. The majority of the ore lies between 30m and 60m in depth, suitable for open pit mining. </p>
<p>The scoping study completed in 2005 envisages an open-cut mine and a process route based on existing technology to produce a suite of metal compounds and products. The strong economic and technical results of the scoping study were encouraging. </p>
<p>Ore samples for mineralogical assessment and metallurgical testing were prepared this year. An external research institute has been engaged to work on the mineralogical assessment and preliminary process development of the polymetallic ore, thereby allowing this project to move forward whilst Lynas personnel remain dedicated to the development of the Rare Earths project. </p>
<p>The next step for the Crown Polymetallic deposit is commencement of process test work based on the mineralogy and preliminary process development. </p>
<p><strong>Niobium</strong></p>
<p>The Mt Weld Resource is potentially the world’s second largest Nb2O5 resource (ranked by contained niobium metal) compared to the resources of existing commercial operations which include:</p>
<UL>
<LI>CBMM’s Araxa deposit in Brazil, with 460 million tonnes grading 2.5% Nb2O5 supplies over 80% of the world niobium market,
<LI>Mineracao Catalao de Goias Ltd’s (Anglo American plc) deposit in Brazil totalling approximately 18 million tonnes at an average of 1.34% Nb2O5, and
<LI>Niobec Inc’s Canadian underground deposit of 24 million tonnes at 0.65% Nb2O5 </LI>
</UL>
<p><strong>Titanium</strong></p>
<p>Titanium metal and Ti-ferroalloy products are used in the aerospace industry, for specialised process equipment in power engineering,chemical processing and in sporting equipment, notably gold clubs. </p>
<p><strong>Rare Earths and Scandium</strong></p>
<p>The Mt Weld Rare Metals deposits also contain significant grades of Rare Earths strongly enriched with the valuable heavy lanthanides, which could ultimately contribute considerable value. Also present is scandium which is used in high strength aluminium alloys. </p>
<p><em><strong>BCC Research reports that the value of Mt Weld Rare Earths is expected to increase by 40-80% by 2008.</strong></em><br>
(BCC Research is a leading information resource producing high-quality market research reports, newsletters, and conferences. ) </p>
<p><SPAN><BR>
<BR>
<BR>
<span class="style37"><strong>Most Recent News and Presentations </strong></span><BR>
<BR>
<strong>Investor Presentation - January 2008</strong> •
Presented by Nicholas Curtis, Executive Chairman</I><BR>
<A href="http://www.lynascorp.com/content/upload/files/Presentations/Investor_Presentation_January_2008_-_Revised_31.1.08.pdf"
target=_blank>http://www.lynascorp.com/content/upload/files/Presentations/Investor_Presentation_January_2008_-_Revised_31.1.08.pdf</A><BR>
<BR>
<strong>Presentation for International Rare Earths Conference - November 2007</strong> <I>•
Presented by Nicholas Curtis, Executive Chairman</I><BR>
<A href="http://www.lynascorp.com/content/upload/files/Presentations/3rd_International_Rare_Earths_Conference_Hong_Kong_Nov_2007.pdf"
target=_blank>http://www.lynascorp.com/content/upload/files/Presentations/3rd_International_Rare_Earths_Conference_Hong_Kong_Nov_2007.pdf</A><BR>
<BR>
<strong>2007 Annual Report</strong><BR>
<A href="http://www.lynascorp.com/content/upload/files/Reports/2007_Annual_Report_-_WEBSITE_version.pdf"
target=_blank>http://www.lynascorp.com/content/upload/files/Reports/2007_Annual_Report_-_WEBSITE_version.pdf</A><BR>
<BR>
<strong>Study of the Rare Earth Resources and Markets for the Mt. Weld Complex</strong><BR>
<A href="http://www.lynascorp.com/content/upload/files/press_releases/BCC_FINAL_REPORT.pdf"
target=_blank>hhttp://www.lynascorp.com/content/upload/files/press_releases/BCC_FINAL_REPORT.pdf</A><BR>
<BR>
<A href="http://www.tradingroom.com.au/apps/company_annoucements.ac?contentUrl=http%3A%2F%2Fnewsstore.com.au%2Fapps%2FnewsSearch.ac%3Fac%3Dresults%26rs%3D1%26sy%3Dtpl_gca%26pb%3Dasx%26sf%3Dall%26dt%3DselectRange%26dr%3D1year%26so%3Ddate%26st%3Dca%26ss%3DTPL%26rc%3D20%26ax%3DLYC"
target=_blank class="style37">All Company Announcements</A><BR>
</SPAN><strong><BR><BR>Corporate Offices</strong>
<p>Level 7, 56 Pitt Street<BR>
Sydney, NSW<BR>
Australia 2000</p>
<p>Phone: +61 (2) 8259 7100 <BR>
Fax: +61 (2) 8259 7199<BR>
Email: <A href="mailto:general@lynascorp.com">general@lynascorp.com</A></p>
<H1 class="text1 style37">Board of Directors</H1>
<p>Nicholas Curtis B. A. (Hons)<BR>
<STRONG>Executive Chairman</STRONG><BR>
Appointed Executive Chairman of the Company in 2004. Prior to this Nick was President and Chief Executive Officer. He has over 20 years background in mining and finance including founding Sino Gold Limited, an Australian public company with gold mining assets in China and serving as Chairman for five years until November 2005. Nick also serves as Chairman of St Vincents & Mater Health Sydney Limited and as a Director on the Boards of the Sisters of Charity Health Service and the Garvan Institute of Medical Research.</p>
<p>David Oliver Davidson<BR>
<STRONG>Director - Non Executive</STRONG><BR>
David is an independent Director of the Company and joined the Board on 28 March 2002. He has had a distinguished career with ICI and DuPont. An Australian, he has lived and worked in Europe and North America and held a number of Senior Executive roles with global responsibilities. He is a former Director of ICI America Inc. Since returning to Australia, David has been providing executive and corporate advice on organisation development and strategy.</p>
Jake Klein<BR>
<STRONG>Director - Non Executive</STRONG><BR>
Appointed an independent Director of the Company, Jake joined the Board on 28 August 2004. He is also President and Chief Executive Officer of Sino Gold Ltd and President of Australia China Business Council NSW. Jake has over 14 years experience in senior finance and managerial positions. He brings invaluable knowledge of management of operations in China gained through his role as Chief Executive Officer of Sino Gold Limited. <p><SPAN><STRONG>
<A href="http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=lyc&companyName=&principalActivity=&industryGroup=NO"
target=_blank class="style37">Also trades as LYC on the Australian Stock Exchange (ASX)</A></STRONG><BR>
<BR>
</SPAN></TD>
I'm jealous of all of you who found this gem 2 years ago :)
Congrats to you all for holding on.
I've been accumulating for about a year now and will hold every last share for what I'm sure will be the best to come!
Bravo! Beautifully written.
Still long (till 2010 at least) on HEMI!
BTW, the last 400k+ volume day for CTUM was almost exactly a year ago, with 420,970 shares traded on Feb 13, 2007. We already passed that and it's only 1:15...
CSMG CEO, Donald S. Robbins Interviewed by WallStreet.net
Thursday January 17, 9:00 am ET
CORPUS CHRISTI, Texas--(BUSINESS WIRE)--CSMG Technologies, Inc., (OTCBB: CTUM - News), a technology management company, announced today that Don Robbins, President and CEO of CSMG Technologies, has been interviewed by WallStreet.net.
The interview encompasses, among many topics, the Company’s focus on their live tissue surgical welding technology, being developed its Live Tissue Connect subsidiary, trends in targeted markets, the Company’s competitive edge, key executives in management, and milestones for the next 12 to 18 months.
The interview may be listened to by going to http://www.wallst.net/audio/audio.asp?ticker=CTUM&id=4369.
About Live Tissue Connect
LTC's surgical tissue bonding / welding device is a patented platform technology that bonds and reconnects human soft tissue through fusion, in contrast with conventional wound closing devices such as sutures, staples, sealant, or glues. LTC currently holds a total of approximately 44 patents and patent applications in the U.S., Australia, Canada, European Union, Ukraine and other countries.
For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.csmgtechinternational.com.
Sign up to receive CSMG Technologies automated email press releases and other notifications: Please go to: http://www.csmgtechinternational.com/contact_information.html and fill-in information.
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contact:
CSMG Technologies, Inc.
Donald S. Robbins, 361-887-7546
President and CEO
or
K. Bruce Jones, 770-955-0409
or
ROI Group LLC.
Michael Dodge, 212-495-0744
mdodge@roiny.com
30k in trading account
The quarter is over. Now we have to wait another month+ for the quarterly report...Hopefully they'll have something good to say...
Did anyone notice that the price of a bottle doubled from $15 to $30 between 2004 and 2007.
Is it possible that there is still room for the cost of a bottle to go up evern more, especially since it's winning all these awards???
I saw someone compare MARANI it to DKAM (Drinks Americas Holdings, Ltd.) which has lots more than just a good bottle of Vodka. So I'm not sure about the $3, although that would be AMAZING!!!
Hi-
I just started looking into Shell plays, and "found" TLTK. I noticed that with many RMs, the SP spikes and then comes back down. What do you think this can go up to?
I bought 10k more last week...
Where did everybody go?
Any long term investors around?
Despite Boon and all the pumping/dumping, this looks like it could be a great product. How can Lantis be bad?
Lantis has exclusive rights to a non-radiation based dental imaging system with a resolution of up to 10X conventional x-ray.
We may be just a little early to the party. Better a little too early than too late...
Does anyone see a bottom to this? There was support at .45 for a while. Now it looks like .30 is support.
Does anyone think it will go lower before this gets serious?
I agree with your assessment, but I'm willing to wait the 3+ months if this solves our problems.
3rd UPDATE: SEC Approves Changes To Short-Selling Rules
[Does this help us at all?]
(In fourth paragraph, update notes that termination of "grandfather" clause becomes effective 60 days after publication in Federal Register; 12th paragraph adds extension for previously restricted stocks.)
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- The Securities and Exchange Commission voted Wednesday to abolish longstanding rules that restrict short sales in declining markets and to tighten rules intended to curb manipulative short sales, including so-called "naked" short sales.
The first change, approved in a 5-0 vote, ends decades-long restrictions by the SEC and U.S. markets on selling short as prices are falling. An experiment in lifting the rules for select stocks showed there was little justification for retaining restrictions such as the New York Stock Exchange's "tick" test, SEC Chairman Christopher Cox said.
Elimination of SEC's short-sale price restrictions and rules barring markets from using a "tick" or "bid" test to control short sales will take effect immediately after the rule change is published in the Federal Register, SEC staffers said. Barriers to short sales as prices are moving lower date from the 1930s, when regulators sought to prevent "bear" raids that could send prices spiraling downward. The advent of decimal trading has made it harder to comply with such restrictions, and with better market surveillance, "we've determined that the rule simply is not needed," said SEC Commissioner Paul Atkins.
A second change approved by the SEC modifies its Regulation SHO, adopted in 2004 to curb abusive short sales. The SEC voted unanimously Wednesday to eliminate a controversial exception to the 2004 rule that shielded existing short positions from a requirement to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, 60 days after publication in the Federal Register, short positions previously protected by the grandfather clause must be closed out within 35 days.
Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell. Among other things, the SEC regulation, which took effect in 2005, imposed new deadlines on closing out short positions by delivering borrowed shares.
SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities.
Longstanding, persistent delivery failures seem to be due to the grandfather protections and a similar shield for short positions of option market makers, and may be a sign of naked short selling, said Cox.
"It continues to be a problem, particularly in the microcap space," Cox told reporters after the SEC meeting.
SEC Commissioner Annette Nazareth said ending the grandfather protections won't have adverse effects, such as volatile trading, that prompted the SEC to adopt the shield in 2004. SEC Commissioner Kathleen Casey also endorsed the change, saying the benefit of doing so more than offsets concerns that a " squeeze" on outstanding short positions might roil stock markets.
To shed light on delivery failures, the SEC plans to make aggregate Depository Trust Co. data available on the SEC Web site shortly, after removing certain confidential information from the data feed already supplied to regulators by the DTC. Agency staffers said providing hard data on delivery failures may reduce the number of requests the SEC has received for such data under the Freedom of Information Act.
Protections for options market makers remain up in the air. The SEC abandoned earlier plans to narrow such protections and voted Wednesday to seek comment on eliminating the exception altogether, or adopting an alternative approach. One alternative would set a 35-day delivery requirement on short sales to hedge option series established before a stock is designated as a threshold security. A second would set the delivery deadline at 35 days or 13 days after the expiration of all options series in a portfolio, whichever is earlier.
Additionally, the SEC extended the deadline to close out short positions on previously restricted stock, allowing 35 days, rather than 13, and adopted a requirement for brokers marking a sale as an outright "long" sale to document the location of the shares being sold. The SEC also modified an exception from short-selling restrictions for unwinding net short index-arbitrage positions, available provided the market hasn't declined by 2% or more from the prior day's close, based on a market index. The SEC voted to substitute the New York Composite Index for the Dow Jones Industrial Average as the applicable market- decline index.
In a last-minute change, the SEC deferred action on a fourth rule that would have tightened short sales in connection with public offerings, but Cox said it plans to take up the matter shortly, perhaps later this month.
- By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@ dowjones.com
(END) Dow Jones Newswires
06-13-071600ET
Copyright (c) 2007 Dow Jones & Company, Inc.
As promised!
Good news...
Thanks. That cleared things up. Does anyone know the timeframe that HEMI wants this completed? deadlines?
What about the investors who don't spend their days and nights on iHub??? How does the word get out to them, unless Keith puts this whole thing in an official PR...
But once "Wilshire brings accountability to the MMs", doesn't that solve the naked short problem and eliminate the need to list with AMEX or whomever, or maybe it's not that simple???
Amazing! Glad I bought more yesterday!
Can someone explain to me why this might happen if there are still 504s out there? Is that a reasonable question? I thought that as long as there were 504s left, the pps would be stalled. Can this mean that they're all gone???
Same here. A good couple of hours to execute the trade...
Different days, times of day, pps...
Always takes at least a couple of hours
BTW, anyone have any idea how many 504s are left? Would I be correct in saying that until those shares are bought up the pps will probably not get above .015?
Does anyone think that even now, if we wait, we could probably get in at a lower price, or is this "the bottom"? (in your opinions, of course).
Stinkypasta-
I was in suspense all weekend! I don't think I can take it any more!
I know you said "It's not earth shattering news or anything like that. Just some basic info that's all. "
Would like to read it anyway :)
I'm excited too!
Can't wait to hear what you find out!
Especially since I already bought some on a hunch. Still trying to learn not to do that. lol
I respect Barbara's candidness in her response to you Big Mur.
I hope that over time Barbara will learn to trust us, appreciate us, and even forgive us for getting the wrong impression of her, her work, etc.
Hopefully she will continue to look here for shareholder ideas, concerns, etc.
I personally would like to apologize to Barbara for writing anything negative (and counterproductive) about how she performs her job.
I know how important it is to give one the benefit of the doubt, and I didn't do it in this instance.
Barbara, if you're reading this, my prayers are with you and your family for a speedy recovery and only good things in your future...
Regarding PFUO, the following phrases from Barbara's email are truly promising:
- We have a tremendous business to run...
- we do not need stock sales to run the company
- I do care about the stock price....I own a ton of it
- the wonderful growth we are experiencing
- I am truly grateful to have so many people interested in our company. I trust you won't be sorry.
Looking forward to more positive news (and the Q1-07 financials) in the near future!