> SUGO was "Cellar Boxed (Blocked)" at 0.0003, in January and February 2012.
> but, with the help of an aggressive promotions campaigne, organized by several groups of shareholders (Venture Capitalists), the stock was able to claw its way out of the 0.0003 level.
> This stock had a prolonged downtrend in November and December, and finally found its "Key-support" at 0.0003 in January.
(This is the area where Promoters were accumulating their shares.)
> Sunday, March 11, 2012
SUGO (Sungro Minerals Inc)- Our Next GDSM Gold Runner Poised For .02+ Cents?
SUGO .0014- We first alerted our VIP Subscribers SUGO with the bid at .0005 and the ask at .0006 cents several weeks ago. This week we alerted our FREE members at .0011 cents. The stock suddenly broke out this week giving our VIP Subscribers and easy 200% in gains potential from our alert when it hit an intraday high of .0018 cents on Thursday. The good part is there appears to plenty of gas left in its tank for SUGO to do what many investors failed to realize it is capable of as it attempts to take a shot at making history once again. This Gold stock caught our attention after seeing its dramatic fall from last years .02+ cents trading range.
It is known as “Cellar Boxing”, a form of securities fraud known as "naked short selling" that is becoming very popular and lucrative to the market makers that practice it.
0.0001 is appropriately referred to as “the cellar”. This 0.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
When the market is > no bid to 0.0001 offer < there is theoretically an infinite spread.
> Sometimes the shareholder base can muster up enough buying pressure
> Another option would be to organize a "sustained buying effort", and muscle your way out of "the cellar",
> The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely:
> bankruptcy, > a reverse split, > or the forced signing of a death spiral convertible debenture out of desperation.
As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes:
> name changes, > CUSIP # changes, > cancel/reissue procedures, > dividend distributions, > amending of by-laws and Articles of Corporation, etc.
07/24/2012 Sebastian River Holdings, Inc. Announces Appointment of Chief Executive Officer and Settlement of Debt
Mr. Benjamin is quoted as saying, "I am happy and excited to be taking the position, Sebastian has a driven group of shareholders with aligned interest in executing the new business model."
Sebastian entered into a settlement agreement relieving a substantial debt in the company. The debt holder has agreed to retire the portion of a convertible Promissory Note in the amount of $246,000. The company further confirms that no shares were issued, distributed or otherwise used as consideration toward the settlement of this debt.
Sebastian River continues working with several shareholders and debt holders in the retirement of equity and settlement of debts to enhance shareholder value. http://ih.advfn.com/p.php?pid=nmona&article=53573813
SBRH
> 06/20/2012 Sebastian River Holdings, Inc. Announces Portfolio Acquisition SBRH is pleased to announce today that it has entered into a material agreement for the acquisition of a high-interest bearing debenture portfolio.
The closing of the transaction was subject to customary terms and conditions including the parties entering into a definitive share purchase agreement in the equity of the portfolio's holding company and the completion of due diligence.
In connection with the closing of the transaction, Sebastian River proudly adds over $300,000.00 (USD) in well diversified, high yielding convertible debenture investments to the Corporate Equity Speculation & Financing Division. http://ih.advfn.com/p.php?pid=nmona&article=52835399
Would it be possible to post this to a specific trip0 stock board + its link? I Don't want say they're lazy, but their lazy, just wanting others to feed the information to them (Gerber foods). If you prefer just the Hyp-link, that's fine too. Thanks...much respect, ypg
As long as the victim company, can continue to pay the monthly burn rate, the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes:
> name changes, > CUSIP # changes, > cancel/reissue procedures, > dividend distributions, > amending of by-laws and Articles of Corporation, etc.
It is known as “Cellar Boxing”, a form of securities fraud known as "naked short selling" that is becoming very popular and lucrative to the market makers that practice it.
0.0001 is appropriately referred to as “the cellar”. This 0.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
When the market is > (no bid) 0.00 to 0.0001 offer < there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels.
An interesting phenomenon occurs at these "cellar" levels.
Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence,
a MM can theoretically "legally" sit at the 0.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders.
What tends to happen, is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at 0.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar”, it doesn’t have a whole lot of options to climb its way out of the cellar.
One obvious option would be for it to "reverse split" its way out of the cellar, but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a "sustained buying effort", and muscle your way out of "the cellar", but typically there will, as if by magic, be "a naked short sell order" there to meet each and every buy order.
Sometimes the shareholder base can muster up enough buying pressure to put the market at Bid 0.0001 and 0.0002 offer for a limited amount of time. Later the market makers will typically pound the 0.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and 0.0001 offer.
When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a 0.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to 0.0001 bid and 0.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of 0.0003
If a 0.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The 0.0001 bid at 0.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels.
Since all of these "development-stage corporations" have to pay their monthly bills, time becomes on the side of "the naked short sellers".
At times, it almost seems that the unscrupulous market makers ARE NOT actively trying to kill the victim corporation, but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution.
The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
What typically happens in these situations, is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels.
Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely:
> bankruptcy, > a reverse split, > or the forced signing of a death spiral convertible debenture out of desperation.
As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes:
> name changes, > CUSIP # changes, > cancel/reissue procedures, > dividend distributions, > amending of by-laws and Articles of Corporation, etc.
It is known as “Cellar Boxing”, a form of securities fraud known as "naked short selling" that is becoming very popular and lucrative to the market makers that practice it.
The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely:
> bankruptcy > a reverse split > or the forced signing of a death spiral convertible debenture out of desperation.
As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes:
> name changes > CUSIP # changes > cancel/reissue procedures > dividend distributions > amending of by-laws and Articles of Corporation, etc.
It is known as “Cellar Boxing”, a form of securities fraud known as "naked short selling" that is becoming very popular and lucrative to the market makers that practice it.
0.0001 is appropriately referred to as “the cellar”. This 0.0001 level can be used as a "backstop" for all kinds of market maker and naked short selling manipulations.
When the market is > no bid to 0.0001 offer < there is theoretically an infinite spread.
In order to participate in “cellar boxing”, the MMs first need to pummel the price per share down to these levels.
An interesting phenomenon occurs at these "cellar" levels.
Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence,
a MM can theoretically "legally" sit at the 0.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders.
What tends to happen, is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at 0.0001 there is somebody there to step on the hands of the victim corporation's market.
Once a given micro cap corporation is “boxed in the cellar”, it doesn’t have a whole lot of options to climb its way out of the cellar.
One obvious option would be for it to "reverse split" its way out of the cellar, but history has shown that these are counter-productive as the market capitalization typically gets hammered and the post split share price level starts heading back to its original pre-split level.
Another option would be to organize a "sustained buying effort", and muscle your way out of "the cellar", but typically there will, as if by magic, be "a naked short sell order" there to meet each and every buy order.
Sometimes the shareholder base can muster up enough buying pressure to put the market at 0.0001 bid and 0.0002 offer for a limited amount of time. Later the market makers will typically pound the 0.0001 bids with a blitzkrieg of selling to wipe out all of the bids and the market goes back to no bid and 0.0001 offer.
When the weak-kneed shareholders see this a few times they usually make up their mind to sell their shares the next time that a 0.0001 bid appears and to get the heck out of Dodge. This phenomenon is referred to as “shaking the tree” for weak-kneed investors and it is very effective.
At times the market will go to 0.0001 bid and 0.0003 offer. This sets up a juicy 200% spread for the MMs and tends to dissuade any buyers from reaching up to the "lofty" level of $.0003.
If a 0.0002 bid should appear from a MM not "playing ball" with the unscrupulous MMs, it will be hit so quickly that Level 2 will never reveal the existence of the bid. The 0.0001 bid at 0.0003 offer market sets up a "stalemate" wherein market makers can leisurely enjoy the huge spreads while the victim company slowly dilutes itself to death by paying the monthly bills with "real" shares sold at incredibly low levels.
Since all of these "development-stage corporations" have to pay their monthly bills, time becomes on the side of "the naked short sellers".
At times, it almost seems that the unscrupulous market makers ARE NOT actively trying to kill the victim corporation, but instead want to milk the situation for as long of a period of time as possible and let the corporation die a slow death by dilution.
The reality is that it is extremely easy to strip away 99% of a victim company’s share price or market cap and to keep the victim corporation “boxed“ in the cellar, but it really is difficult to kill a corporation especially after management and the shareholder base have figured out the game that is being played at their expense.
What typically happens in these situations, is that the victim company has to massively dilute its share structure from the constant paying of the monthly burn rate with money received from the selling of “real” shares at artificially low levels.
Then the goal of the naked short sellers is to point out to the investors, usually via paid “Internet bashers”, that with the, let’s say, 50 billion shares currently issued and outstanding, that this lousy company is not worth the $5 million market cap it is trading at, especially if it is just a shell company whose primary business plan was wiped out by the naked short sellers’ tortuous interference earlier on.
The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely:
> bankruptcy, > a reverse split, > or the forced signing of a death spiral convertible debenture out of desperation.
As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes:
> name changes, > CUSIP # changes, > cancel/reissue procedures, > dividend distributions, > amending of by-laws and Articles of Corporation, etc.
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