People make bank on NSS. Usually they naked short a stock while owning a shit ton of put options. Fined only 4 million and no charges, I'm sure they suspended trading for the company and all the brokers.
People on the SPNG don't seem to get. One even replied to me .28 to .07 and it wasn't naked shorted and called me an idiot. It's simple it's liquidation. "Dump". with SPNG.
Good example of NSS.
For example: DNDN. In 1 minute, the stock went from 25 to 7.50 then suspended 5 minutes later. You should have seen the PUT action.
4/28/2009
SPNG thinks NSS is taking place, they have no idea what it is.
I had my LvL2 chart on DNDN right when it happened. I was going to buy puts myself because of all the speculation around it and heavy put buying. Even if I owned the puts, I know myself, and I wouldn't of sold right when it happened. I would have waited, it went up 10,000% in 5 minutes then to
-100% right when the stock opened again the next day after being suspended.
I don't mean to go TavyCal, but I've been getting alot of Private Messages lately and they seem to be scared to reply back to me in public.
So I go on.
The difference between SPNG and DNDN. DNDN is a billion dollare company with 100 million shares outstanding. For one DNDN float is small compared to SPNG. I saw a post where someone posted a preferred share A/S. you can expect SPNG to trade down here on out. Preferred shares can be converted into common stock increasing the dilution even more, what the board doesn't get, is that the company needs share volume to dump these converted shares without the share price tanking. The Press releases which I saw today were 3. Another were NXGH. (NXGH is another story which I'll bring up.) Which had SPNG as the ticker symbol on my streamer news. First I have Tampa Tickets, I love the Bucs, so it will be interesting to spot these SPNG advertisments. I'll see what they are actually advertising, I assume it will be there stock and not the actually product.
Good for SPNG. Let me guess on how they can actually buy these expensive advertisments.
RME, had shares at .003 and then suddenly over 500 million shares were dumped at .28, some claim naked shorting. Nope, they had registered shares or at least we hope they were registerd, it only shows up on the O/S when they sell to the public. Hmmmmmm, didn't they issue themselves over 500 million at .003. They did not buy the advertising from profits, because they have no cash to show for. It is clearing from selling shares.
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Ok, let me get something straight here alright, I am a Investor's business daily subscriber. And NXGH saying the IBD is covering them is bullshit. You can go to the store, and see clearly that the page they were on was a advertising page. If IBD covered them, they would have a full chart and a stock detail on them for premium and regular users. Let me give you an example of what type of companies were on this advertising page that I've seen from the past, Sea Way Valley Captial, USXP (OH thats a great example). ADVERTISING! That's all, Some person on the SPNG board can pay for advertising saying SPNG is great and there sponge is not a sponge, buy sponge tech. Is it JUST ADVERTISING. Like PENIS pills on the back page of MAXIM, ADVERTISING. I'm sure you get my point, if you don't, then I'm sure who reads it and doesn't understand my point is retarded.
I understand the way of the CAN SLIM, ok, No one in there right mind of an IBD subscriber would buy NXGH stock just because it's in the IBD advertising section. The volume today, was just promoters manipulating the stock price to bring attention. IBD clearly sections that part of the page off and they call it Advertising. I'm happy for NXGH to be on the IBD advertising section, because that cost some money (Big MONEY). It isn't cheap. I'm assuming they got the money from the SPNG pump. Like how SPNG is paying for there advertising. Birds of the same feather, flock together.
I've been with IBD since I was 9. I can't believe NXGH actually said IBD is covering them, Does the company really think the public is that stupid. NXGH paid for advertising for IBD to cover them. It wasn't by choice of IBD, NXGH just paid the price and came out with a false press release. If you put your TV for sale on the Wall Street Journal, Do you say that the WSJ is covering you because your selling your TV. LOL.
Seriously, I've seen some crazy things on the PHGI/PRGL board and seen alot of people lose a ton of money.
Guess what PHGI was, a Pinksheet. A billion dollar mining claim, and some other BS LOL. The stock went up .08 to .50. and they thought the same thing, NSS. The companies outstanding went from 50 million to billions. The executives converted billions in preferred to common and R/S twice, I might as well add that they give away hundreds of millions in discounted shares to dump to the public, NSS, NO, just fraud. I've seen this BS all before. EESO, buy out LOL The executives dumped hundreds of millions to pubilc while they issued discounted shares to there friends to dump to the public while they issue press releases, one after another stating there stock is about to bought by a foreign country company. I don't know if they converted the preferred to common, I just don't know but I'm sure they did. Oh ESSO and NXGH? Amazing.
Here the about pinksheets that the general public doesn't understand.
1. It's a shell of the actual Corp or LLC. I've seen a CEO sell the LLC, and Corp right from the pinksheet. No Buy out no share price increse, just a 1.5 million dollar sale that went straight into the pocket of CEO. Get this, the CEO diluted the share price and pocketed the money and then did a R/S, then guess what, PHGI was formed.
2. Pinksheets don't have to report to the SEC, the safe harbor act backs them with lawyer print to back them with lies. They can say that they have a mining claim that's worth billions. What the public doesn't know is that my LLC or Corp can buy a claim for 10 grand. Then I can say that the geo-analyst of some sort that there is 1 billion in the ground from 1880, I can even get that information from another claim and claim that is mine.
3. Usually pinksheets can R/S before they get to pay taxes on there PR claims. Pinksheet dot.com isn't regulated, the company can post whatever they want.
4. T/A gagged, you can't short a Pinksheet, I was told, for the reason of shorting is that the B/D (Board of Directors or the insiders) can sell shares into the market, usually by selling common that was preferred. This is what makes the short list. This is what I'm told. T/A gagged, is a usual case of dilution.
5. Cooking the books. A very brief summary of cooking the books. A/R increases and profits decrease. This can happen with a OTC:BB or Nasdaq, for example ERON.
6. Pinksheets are usually a BDC. You can't be in operation. So the pinksheet opens a Subsidiary. The sub doesn't report, because under the pinksheet, they don't have to report. This is a red flag.
7. Don't drink Kool-aide. Don't buy the hype as a long term investor.
I can go on. But it's getting late.
In my opinion.
I finally figured out why people use IMO. They can't spell opinion. Belly laugh. BL.
Yeah, I didn't use spell check on this post, you can expect spelling errors.
This isn't to you Tavy directly, but like I said, people read my posts.
AI
