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Cobalis Appeal Hearing Jan 29.
I smell "fools gold"! Who wants to buy my shares in NSRS at my cost? LOL! Another penny stock pump and dump. 0 for 3. 3 strikes I am out. SNPK and OREO. GWBU too. Oops I got a 4 strike at bat. Too bad. Wish I had popped out to the catcher on the first pitch. Live and learn. These are all scams. Trade at your own risk.
Received new email today re GWBU from Titan stocks. My first email ever from them. APS added new email chain....Now I have at least 5 penny promo services pumping GWBU...
Awesome Penny Stock theory. Every dog has its day (=life). But only once. Get out alive.
SBD, thanks for the info on All Things Awesome board!
so which on-line brokers allow you to short pennies. Some said Internet Brokers but that is not a company.
For sure..Thanks.
Guess I am the kiss of death...Sorry folks. Should not have posted that info...Wow.
Great now that I finally bought at $1.86 it will likely plummet based on my NSRS and SNPK late to the game entries. Is it too late to the game on this? Need to recover on this pick...but probably should wait for next promo now..Thoughts? Too much profit was made today for many to hold through weekend I suspect...Did not pull the trigger yesterday at 1.42-1.50. Been watching since .60......Was .08 on Jan 1 2012 and is up +2000% YTD....
Thanks.
Penny Pics, Mad Penny, Penny Investor and Ox of Wall St have all been email promoting GWBU to me a few months. What is the full name of APS please?
So which brokerage firms will allow one to sell short these penny stocks? Schwab will not allow it for this one and STVF. Not on their "approved" short list. This is not one I am planning to short btw, at this time, just watching it closely. After the NSRS and SNPK debacles, I want to be ready. Need to recoup those losses soon. A list of brokers would be appreciated. Thanks.
Symbol just changed to SNPKE!
SNPK: Another NSRS penny stock newsletter pump and dump debacle...
About time...Long way to go still though for early investors to get their investment back....
Is this turkey cooked?
I have heard there is a hearing on Tuesday 3/27 on sanctions against the BK trustee and YAGI and Baker Botts due to issues related to the conversion to CH 7, non-monetization of the assets of the Cobalis estate, and turn over of IP to YAGI that Cobalis never owned it seems. This is a bloody shame (crime?) to deny this product to the marketplace with demand for PreHistin from allergy sufferers still that cannot get the product and thousands of boxes of product sitting in warehouses. What is this trustee doing/thinking? Nothing it seems. She is derelict in her responsibilities to all creditors and stake holders, except YAGI, for a measly $100 K hush payment when millions of dollars are at stake. Makes me sick!
I am still here too. Such a great product and commercial effort turned into such a financial mess for far too many people. What a shame for those who found allergy relief from PreHistin and now cannot get it. The legal fees killed a very good product and growing business. Just disgusted.
The link from your post shows Mr. Stearn acquired 1,500,000 shares of Cobalis stock on 01/07/2010. As >10% owner of Cobalis stock per this Form 4 disclosure, he is required to report any share acquisitions or sales within 2 days per SEC regs. Which he has done on January 8. He has added to his position in clsc.
For those loyal Clsc investors that have not ordered PreHistin yet the link below was created for the autoship program with first month free box. Try it for yourself and you decide how it works and makes you feel.
www.prehistinallergyrelief.com.
Exactly!
Steve I asked you privately if sandiegomark is you. You did not answer.
Now I will ask you publicly.
Is Sandiegomark the same Steve that was listed on the PR announcements as far back as January 2009 as a principal in Melodic/MDC and that was allowed by Cobalis to simultaneously handle Cobalis PR, investor relations and supposedly provide immediate International distribution sales as indentified in the aforementioned PR issued jointly by Cobalis and MDC?
Quite a coup for that Steve.
Did MDC ever bring any Prehistin sales opportunities to Cobalis? I for one have seen no more PR announcements to that affect. When did MDC sign that agreement for International distribution sales of Prehistin? December 2008? Going on 5 months now?
Seems that is how much time the US bankruptcy court gave Cobalis to begin Prehistin sales and show progress. From January 13 until June 10. That is 5 months too. Coincidence?
If it is not you Steve, I strongly suggest you stop having someone post on your behalf.
This board is suppose to be an information board for clsc investors and soon it will be again. Do not manipulate on this board, Sandiegomark.
To help clear up this issue on PreHisitn launch timing, what was actually publicly announced on January 21, 2009 is the following from the last PR released and states:
Chas Radovich, the CEO of Cobalis, said, “We are very excited to have MDC represent us in the international distribution community. They are extremely well connected in all territories that Cobalis plans to penetrate. This will expedite our ability to launch PreHistin overseas and will coincide with our initial launch first quarter 2009 in the United States.”
http://finance.yahoo.com/news/Cobalis-Corp-Enters-into-a-bw-14121319.html
All else is conjecture and not helpful.
One would expect PreHistin launch very soon based on that announcement, but unless it is today, technically Cobalis and MDC missed the announced launch date from the joint January 21, 2009 announcement with link above.
This is not good from a management execution standpoint if they miss their own announced first Qtr domestic launch deadline, IMO, but does not necesarily mean it will not happen very soon. One can only hope.
Would expect no share re-issuance to be required if Cobalis executes sales of PreHistin successfully and soon, is discharged from BK 11, and is not forced into BK 7 by negotiating an acceptable payment plan to satisfy secured creditor, namely YA Global.
Would expect payment plan to be from new funding and expected revenues from sale of PreHistin and other potential products to be sold by Cobalis once Prehistin launch complete. Cobalis shares would just continue to trade OTC PK..
If they can satsfy the above near term...that is.
Americal is not involved.
Someone heard something incorrectly for sure. All necessary and important information will be made public as soon as is prudent, finalized and factual by the Cobalis team.
Of course everyone wants that to be sooner rather than later, but substantial progess is being made per reliable sources.
Looks to be soon...http://www.prehistin.com/
We sure could have and should have. But it will go.
Looks like an old fashion pink sheet market maker shake down.
Buy orders at .135 did not even execute.....Fishy.
Well they let the orders stack up all day and then executed them all near the ask in the last 10 minutes. Walk down/scare to .13 did not do much to shake out investors.
Looks positive even with no news...
YLA Global strategy once FDA approval not granted was to short the stock. Once Cobalis made no attempts to satisfy debt and had no plan in place to sell product, YLA/Cornell then wanted it in BK so as not to have to cover short postion; get the patent asset for Pre-Histin as debt repayment, and launch the product themselves thru their own partners. This business strategy of theirs is known and was avaialble to those present in court during the BK hearings.
LongMike, I agree with your assessment that the short selling began once Phase III clinial trils not met beginning at $1.25/share.
One can check the chart and the dates to easily confirm this.
It actually leaked down to $.80 once the announcement came to delay the announcement on the Phase III clinical trial results. Then catostropically dropped to $.05 and below after announcement.
Significant volume went off at $.80 then down to $0.02 with few stop points ).30 & .09 and .05) on no news and no plan to sell product after announced that Phase I trial did not allow for FDA OTC approval for "statistically significant" allergic symptom reductions.
Very little volume was actually available at all to buy at $0.02 even though the stock was at those levels for a long time.
All who could have gotten shares then should have to average down based on the fact that Pre-Hist does work and can make claims from results in FDA Clinical Trials PHase I, II and III (twice) that allergy sufferers did see allergic sysmptom reductions (even though the second Phase III clinical trial did not show "enough statistical significance" for the FDA to grant OTC approval) based on that study and that level of pollen counts...
However over 10,000 people have used the product the past 7 years in clinical trials and for compassionate use. There is some pent-up demand and branding already, including thru the doctors that ran the trials.
Feb is the month to begin actual sales for revenue of Pre-Histin, my understanding.
Successful sales revenue and the stock price will take care of itself.
YLA/Cornell was trying to BK 7 Clsc driving the stock to $0.00. Their goal was to do so, so they would not have to cover their short position. And in the Jan bankruptcy court public hearing their atty amazingly admitted this publicly, via telecom, and that their goal/strategy was to own the Cobalis PreHistin patents in return for the debt owed.
At this time and at least until June 10. This will not happen and when product begins to sell in the nexrt month or so as Clsc is planning, will not happen at all (BK 7).
To me this says they now must continue covering their short postion and anyone else that is short will be forced to also by their brokers..
Monarch is the manufacturer, not the seller. No royalty I presume. Clsc lining up their own distribution channels via internet and retail partners. More profitable strategy.
Where did you get this picture? How did you find it?
I see the bid on the clsc quote on this ihub site has changed since the court case to 0.035?? Seems fishy since I still have an open order at 0.055??
Let the games begin.
PR's would be nice. Maybe none until next week on Tuesday or Wed. Those are usually the days to release PR's for the sake of the markets.
Lets hope they are preparing them now and the wheels of commerce are set to roll.
May have a few more days to buy before PR news released, particularly if the wary sell shares now that they will regret later I expect.
Seems we had some of that going on today from those with little faith.....
The $0.05 sale of 10000 shares today and a close at 0.07? Perhaps a knucklehead needed the $500.00 to pay rent.
Hold the shares and avoid homelessness IMO.