I can't find the AWYB thread. Some of the people on the IHUB board have been in email contact with the CEO and he says the NOBO list was readied and mailed to him today. He'll get it, check the numbers and issue a PR.
Expecting a PR by Wednesday, possibly tomorrow. Finished strong today (down on the day, but ran up in the afternoon after a rough morning) and may well take off again.
Posted by HurricaneBob on :
Kermit or anyone, pass this post to ihub. In all all my days days watching these boards, I've heard countless #'s of investors bi*ch about bashers. I havn't posted in months but right now I have to get this off my chest. THE PEOPLE IN AWYB RIGHT NOW NEED TO QUIT GIVING THEIR F*****G SHARES AWAY TO THE MM's EOM
Posted by kermit42 on :
Hey Bob! Joined Oct., 2005, live in Ft. Lauderdale, FL, and your moniker is "HurricaneBob". I can guess what was going on in your life that day. Fortunately, this year has been more kind to you.
I'm getting bored with marking time the way we have the last week but I think people have been holding pretty well. Some shares are inexplicably being given away here, but the volume is low.
If the short position is even a 1/4 of what people think it is, then MM's are not recouping shares at anywhere near the level they need to. If they pick up a few hundred thousand shares each day (they're definately not getting every share that sells at these levels), then this will really explode as the deadline approaches.
Unless we're in for a rude awakening when the NOBO is PR'd (and given earlier volume, I don't see how we could be), things are getting worse for the shorts, not better.
Posted by HurricaneBob on :
Thanks Kermit. Guess I'm still just bitter from when I let repoman talk me out of my paiv shares and followed up by dumping my qbit shares to get in this at 20 right before it 7 bagged (and i'm talking within two hours) and this dropped to single digits. I averaged down to 11 and now know when the board gets quiet, usually all hell is gonna break loose. GLTA
Posted by realtor548 on :
I agree with Hurrican ! Everyone on this board are pumper for their stocks which they own.
If you follow everyone on this board, you will lose big money.
Posted by kermit42 on :
Again channeling IHUB, but there are traders there really staying on top of this:
Posted by: ptcgolf In reply to: None Date:10/10/2006 12:28:10 PM Post #of 21769
This just in....
The NOBO list just arrived at our offices. We plan to look at it closely to determine how best to proceed. We'll keep you abreast on further development. Thank-You.
Director of Shareholder Relations,
Angel Love
Notes:
1) another poster also claims to have gotten this email but there is no broad confirmation.
2) This is a porn company. Their relations person really does use the name "Angel Love"
Edit: a number of other posters now claim to have received this email, including one who has definately been in touch with the CEO in the past. He posted his email with the header information included.
Posted by Hold-em-er-fold-em on :
Dear Shareholders, for your information please find the press release that we have sent for immediate release for the NOBO list. I hope this helps us all.
AMERICAN WAY BUSINESS DEVELOPMENT CORP. ANNOUNCES RECEIPT OF NOBO LIST
FOR IMMEDIATE RELEASE -- Boca Raton, FL, October 10, 2006 – American Way Business Development Corporation (OTC: AWYB) (“AWYB” or the “Company”) announces that AWYB has just today received the Non-Objecting beneficial Owner (“NOBO”) list from American Data Processing Inc. located at 51 Mercedes Way, Edgewood, NY 11717 (“ADP”). AWYB plans to release the aggregate data as promptly as practicable. In the meantime, AWYB and its advisers are currently reviewing the report to determine the best course of action. Those persons, whether individuals or corporations, who have recently sold stock of the Company short should conduct themselves accordingly.
Also, AWYB wants to inform its shareholders that the Company’s stock was featured in yesterday’s edition of ************.com daily. Please note also that, as stated in the ************.com daily feature, ************.com was not compensated by the Company for the feature.
Mr. Platten states “Now that the Company is in the midst of a comprehensive reorganization which should redound to the benefit of the Company’s shareholders, we do not want our hard work jeopardized by the actions of a few greedy short sellers.” For anyone carrying shorts and those AWYB shareholders with questions, please contact Don Platten, AWYB president, via e-mail at donplatten17*aol.com or at our corporate office number, 561-962-4124. This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Posted by Hold-em-er-fold-em on :
AWYB Going crazy!
Posted by Homersbud on :
Another email from Don. He's saying 8 million short with a float of only 2.8 mil. If true and he releases the numbers, oh sh!t!
Posted by: manwe sulimo Date:10/10/2006 7:06:54 PM Post #of 22588
My Last Post Guys Today: READ Please...
Surprisingly, Donnie has responded my email asking about the NOBO numbers (now I just don´t know if he does this for joking or really don´t care about his words), take a look here... you will find that his response at first sight seems clear but it´s pretty ambiguous.... (see reason at bottom)
-----------------------
From: donplatten17*aol.com To: xxxxxxx*hotmail.com Subject: Re: NOBO AND THANKS Date: Tue, 10 Oct 2006 17:11:59 EDT
According to the NOBO I could only see a difference of 8 million, it just doesnt look right
From: xxxxxxxxxx*hotmail.com To: donplatten17*aol.com Subject: NOBO AND THANKS Date: Tue, 10 Oct 2006 16:04:45 EDT
Hi Donnie,
Thank you very much for the NOBO info! Very appreciated as well as your words to the shorts. I have read on a board some info from you saying that there are between 40-50 mil shares short. Is that true? After taking a look at the NOBO list, how larger is the list of shorts in approximated numbers?
Thank you very much, you are doing a great job!
------------------------
Then, according to "question-response" what´s the meaning of that 8 mil shares difference?: 8 mil shares are short or 40-50 mil (+ or - 8) are short? I have also asked him about that but still haven't get a response back (and don´t think I will).
Good Luck to All! See you tomorrow, even 8 milion shares short are PRETTY PRETTY HUGE!
Manwe
P.S.: I can assure you I am not making up any info and the emails are literally posted without changing anything.
Posted by HurricaneBob on :
Homersbud's says oh sh*t and I SAY NO SH*T we got it made people
Posted by HurricaneBob on :
anyone wondering what idiot is posting in the middle of the night... It's like having to appear before a senate committe hearing... I CAN'T F*****G SLEEP ON THIS WINNER... EOM
Posted by HurricaneBob on :
i just reviewed ihub and for crying out loud how did 9-11 ever have anything to do with this play..........i don't mind posting about fifty thoughts in a row because by next week this thread will run up to oh let's say a thousand.. and my thoughts will be FORGOTTEN... EOM
Posted by HurricaneBob on :
hope i busting any bodys bubble here but i like this ihub post
IMO since the variables between CSHD and AWYB are vast it is very difficult to "estimate" what type of results to expect. IMO (and PLEASE feel free to correct me if I'm wrong) The potential for AWYB to increase exponentially higher then CSHD is very probable but IS dependent upon a few variables:
1 FLOAT issue- since AWYB has such a small float (in comparison to CSHD) trader sentiment and interest will most likely be higher. Their interest will be higher since the relative amount of shares compared to the short position is EXPONENTIALLY larger then it was in CSHD. 2 SHORT position- There are more MM short positions compared to the available shares. MM's will HAVE to raise the price substantially in order to acquire shares from the current holders. MM's will ALSO be competing for shares that will be sold by the current shareholders. This will lead to the old issue of supply and demand...much more demand then supply. 3 Current AWYB Shareholders- Since many of the largest shareholders in AWYB have substantial holdings AND have played other short position trades they will hold until a MUCH higher pps is achieved..thus gaining maximum ROI on their investment risk. This previous experience will assist AWYB in achieving a HIGHER pps then CSHD based upon the experience and knowledge factor of the current holders. 4 CEO PR timing- Providing the timing and content of the PRs is substantial then 'investor interest' will gain further momentum. This increased momentum and interest will compound Variable #2(above) 5 Unknown variables- Timing for CUSIP change, recall of certs AND IF the PRs state that there will be dividends granted within a short period of time then all of these factors will further momentum and interest... exponentially increasing MM capability to control Variable #2 (above)
Hopefully I've captured most of the pertinent information in a concise manner. Please let me know your thoughts and or opinions. Have a great night and rest assured I believe we're definitely in for one hell of a ride!
Posted by HurricaneBob on :
hey realtor.... keep calling me the pumper.... my only question is why do i need 2222222222222222222222222222222222222222222222222222222222222222
Posted by HurricaneBob on :
every investor today knows wheres their money belongs
Posted by HurricaneBob on :
sorry recolect, no pun intended Posted by HurricaneBob on :
isn't the float 2.8 ROTFLMAO
Posted by HurricaneBob on :
can u say folger's in my cup
Posted by BLACKBEARD on :
FROM IHUB:
From: Donplatten17*aol.com To: xxxxxxxx*hotmail.com Subject: Re: NOBO AND THANKS Date: Tue, 10 Oct 2006 21:28:18 EDT
To make it easy there is about 38 million shares short....but we are going to change the cusip soon..this stock will go to a dollar.........................
Posted by lukin4winners on :
Great News out today 10/11/2006 AWYB Updates Shareholders on Initial Review of NOBO List! Oct 11, 2006 9:00:00 AM
BOCA RATON, FL -- (MARKET WIRE) -- 10/11/06 -- Last week, American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB") announced that last week the corporation had requested the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way, Edgewood, NY 11717.
After careful consideration, the company board of directors had decided to revise the list to reflect the shareholders list as of close of business Monday, October 2, 2006. Some additional information had been obtained that the board of directors were anxious to see, and is reflected in the updated NOBO list.
The company has received the NOBO list dated October 2, 2006. After careful review, and having close contact with ADP and the transfer agent, the company has come to the following conclusion: there appear to be some major differences in the numbers reflected on the NOBO list versus the actual numbers from the transfer agent.
We are going back to specific brokers for the "last and final" counts of shareholders and number of shares held in those accounts. According to the records received, and the records of the transfer agent, there is a variance of a substantial number of shares. We feel it is in our best interest and the interest of our shareholders to have the applicable brokers try to clear up this large variance. We intend to give all parties a final chance to document and verify the numbers we have received, and if the numbers are still out of sync, the company will immediately conduct a forensic shareholder audit to determine the extent of naked short selling of AWYB!
We encourage our shareholder base to watch for updates as they occur!
Sincerely,
Don Platten CEO, American Way Business Development Corporation
Contact: American Way Business Development Corp. Don Platten 561-962-4124 donplatten17*aol.com http://www.americanwaybd.com Posted by Homersbud on :
wtf?
What kind of PR is that? Supposely there are 38 mil short but he doesn't state anything like that in the PR. Geez, just release the damn numbers already...
I'm sure some people will dump out this morning because everyone was expecting the numbers but he gives us a fluff pr.
Thanks Don!
PS: Stop wasting money on bs PR's and release the numbers!!
Posted by kermit42 on :
Hurricane: if you could see realtor's posts on the earlier AWYB thread, you wouldn't worry about him calling you a pumper.
He's one of those flippers who bashes the stock when he's not in it to try to get a better reentry point. He's not a "GLTA" type, he's the type who wins by making others lose.
Posted by skip on :
American Way Business Development Corp. Announces New Direction, Rescinds Previously Announced Transaction
Wednesday, October 11, 2006 14:00 ET
BOCA RATON, FL -- (MARKET WIRE) -- 10/11/06 -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB" or the "Company") hereby announces, effective immediately, the termination of the transaction with Pure Pleasure Fantasies, Inc. ("PLEASURE") announced on September 28, 2006. After a careful evaluation and completion of the due diligence, including a thorough analysis of the product line and the competitive position of PLEAURE by a national distributor, AWYB was forced to conclude that this was not the best move for the Company at this time.
Don Platten, President, stated, "We had actually finalized the deal subject to finalization of the due diligence and verifying the accuracy of the representations and warranties relating to the product line and the competitive position of PLEASURE in the industry."
Mr. Platten states, "Sometimes, when one opportunity is lost, another one comes knocking. We have been contacted by a company that seems more suitable for our business model; we are doing the necessary due diligence. We will give further details as soon as we can. This will represent a new direction for our company and we are very excited about it. Please look for further developments." Mr. Platten reiterates, "Our primary motivation has always been the well-being of our shareholders. This is why we find it so distressing that the Company's stock seems to have become the plaything of short sellers."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
-------------------------------------------------------------------------------- Contact: American Way Business Development Corp. Don Platten 561-962-4124 donplatten17*aol.com http://www.americanwaybd.com
Source: American Way Business Development Corp
Posted by skip on :
Mr. Platten reiterates, "Our primary motivation has always been the well-being of our shareholders. This is why we find it so distressing that the Company's stock seems to have become the plaything of short sellers."
what a POS!!! shares weren't short like he thought, so now he stops the merger that would have exposed the shorts.
Yikes!
Posted by kermit42 on :
Stock rebounding on rumors of a PR concerning the new merger coming out before trading tomorrow.
Shakerzzzzz and MrSmith are both in (do with that what you will).
Posted by m69jump on :
BETTER DEAL COMING NEXT PR MAYBE TOMORROW JMO...
Posted by Homersbud on :
Just release the damn NOBO report already, geez...
Posted by bksundar on :
Not a bad close...
Posted by kermit42 on :
All things considered, I'm very happy. My initial thought was that today's PR was a disaster but maybe not. The market seems to disagree with me.
We'll see what happens in the morning.
Posted by PCola77 on :
You back in bk? I'm still in with 50K now. Added some more when it dropped this afternoon.
I swear to god this is like a soap opera. We have posters claiming this and that in e-mails from the CEO, CEO releasing PRs with no substance, price crashing because of it, then rebounding when people think he's toying with shorts, people who come onto IHUB like DeepThroat claiming to have insider secrets.
I don't know WTF to think anymore, except that the float almost fully traded AGAIN, and I am damn sure there are still a lot of shorts out there.
Oh, and I'm also sure it's been probably the most interesting stock I've ever been involved in.
Posted by bksundar on :
Ni am not in. I am in SSSU, bought at 0.012 afetr selling AWYB at 0.50 I might get back soon...
Posted by bksundar on :
Sorry, I bought 500K of SSSU at 0.009 in fact. Even better !!!
Posted by Homersbud on :
quote:Originally posted by bksundar: Sorry, I bought 500K of SSSU at 0.009 in fact. Even better !!!
Nice!!
New rumor of a PR tomorrow morning hence EOD rally.
Maybe Don will release the NOBO tomorrow? Ha!
Posted by skip on :
I don't get why he hasn't released the NOBO list if he has it. If it is so earth shattering, why wait? Why close the merger deal (if there ever was one) that was supposed to "really stick it to the shorts"? Why warn the shorts in multiple PR's of what you are going to do to them, giving them a chance to cover? MM's are not stupid...
Also, with all this talk from him, do you not think the shorts have caught on? As much volume as this trades, the shorts may have been covered long ago.
I think what we are seeing now is retail traders trading back and forth on fluff news. It may have had a short squeeze, but that's over.
This is the biggest scam on earth. The CEO is amazingly deceptive. I am still waiting on my dividends from AWBV. I hope you are all not still waiting for the big squeeze in a few months, while averaging down to sub penny...
I respect all of you and wish you luck in this. I rarely post negative things, and the only reason I do it here is that I don't want to see my fellow traders get duped again by this scam...
Posted by BLACKBEARD on :
AMERICAN WAY BUSINESS DEVELOPMENT RECALLING STOCK CERTIFICATES
BOCA RATON, FL -- (MARKET WIRE) -- 10/12/06 -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB" or the “Company”) today formally notified NASDAQ of the details of its far-ranging corporate reorganizations. Specifically, in connection with the previously-announced transaction with the Harvard Learning Centers, Inc., AWYB is changing its jurisdiction of incorporation from Delaware to Florida, changing the name of the Corporation from American Way Business Development Corporation to the Harvard Learning Centers, Inc., requesting a new NASD symbol and, most importantly, subject to meeting all NASD requirements, INSTITUTING A MANDATORY RECALL OF THE CURRENT AWYB CERTIFICATES TO BE REPLACED BY NEW CERTIFICATES WITH THE NEW NASD SYMBOL AND A NEW CUSIP NUMBER.
Don Platten, President, stated “We did not want to do a mandatory cert recall but, reviewing the discrepancies between the NOBO list, the DTC and the shareholder list and taking into account the views of our advisers, we felt we had no choice.” “The advantage of this approach,” Mr. Platten states, “is that once the certs are pulled, the shorts will have no place left to hide.” The other alternative available to the Company was to do a forensic audit of the shareholders, particularly the 40 or so brokerage accounts. After careful review of that option, the Company decided that that particular approach was cost-prohibitive and, some advisers warned that it was unclear whether that approach would necessary uncover the true number of the shorts. Mr. Platten adds “I know that a lot of shareholders are asking for a specific number of shorts. The sad answer is that we don’t know for sure but that it is clear in the number of millions. It is hoped that the mandatory cert exchange, once it finalized, will resolve the problem once and for all. We encourage our shareholder base to watch for updates as they occur.” This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. Contact: American Way Business Development Corp. Don Platten 561-962-4124 donplatten17*aol.com http://www.americanwaybd.com SOURCE: American Way Business Development Corp. CONTACT: mailto:donplatten17*aol.com http://www.americanwaybd.com Posted by BLACKBEARD on :
HUGE!! still 6 mins to get in
Posted by BLACKBEARD on :
ain't even hit the wires yet
Posted by Homersbud on :
Nice!
I bought more at .33. Looking good for tomorrow!
Posted by bksundar on :
PCOla77, I got back in this afternoon after selling my SSSU for 0.022 (bought 500K at 0.009) Will ride this one now....
Posted by renrob05 on :
Huge news!!!!
GAPPA!!
Posted by kermit42 on :
Good God what a day. Talk about roller coasters!!
Posted by renrob05 on :
Let the covering begin...to the moon.
Posted by BLACKBEARD on :
yup shud be a great runnnnnnnnnnn Posted by BLACKBEARD on :
nuther email from don from ihub,, dons current number of shorts
From: <Donplatten17*aol.com> To: <xxx> Subject: Re: Merger looks god but..... Date: Thursday, October 12, 2006 4:08 PM
17 to 20 million it is very hard to figure out...Tommorrow
Posted by skip on :
think they will halt it?
It would have to be halted, DTC collects certs, then reports that to NASD, then the new symbol/cusip is granted, and then trading resumes...right?
anyone with more insight on this?
Posted by kermit42 on :
Some CUSIP changes have not been halted (ex., CSJJ -> COHG just yesterday), others have (ex., PAIV -> PAVC). I'm not sure if there is rhyme or reason.
However, if you suffer under AMTD as I do, you probably want to sell before the change regardless of a halt because there's no telling how long they'll take to get your account straight. In the meantime, you'll want to change brokers as I am.
Posted by skip on :
may I suggest choicetrade, never had an issue with them...$5/trade...
this isn't a simple cusip change, they are calling all of the certs. So, in order to collect all of the certs, there will have to be a halt, and then a period of cert collection by the DTC? correct? who knows how long that could take? weeks? months? Then, after the certs are collected, then cusip/symbol change?
I am not sure, but that would be good to find out. Maybe one of the mods or old schoolers can help here.
keep in mind, I think this is the biggest POS on the earth (besides my old buick that I had at 16) but I may play this game for a quick buck...interesting nonetheless...
Posted by BLACKBEARD on :
quote:Originally posted by skip: may I suggest choicetrade, never had an issue with them...$5/trade...
this isn't a simple cusip change, they are calling all of the certs. So, in order to collect all of the certs, there will have to be a halt, and then a period of cert collection by the DTC? correct? who knows how long that could take? weeks? months? Then, after the certs are collected, then cusip/symbol change?
I am not sure, but that would be good to find out. Maybe one of the mods or old schoolers can help here.
keep in mind, I think this is the biggest POS on the earth (besides my old buick that I had at 16) but I may play this game for a quick buck...interesting nonetheless...
i've never had a problem , until that last qbit run from 002 to 01 , they cancelled my GTC sell order ,if i had not have been watching ,i would have missed out , then woke up this morning to find my account cut in half and 2 positions missing including this awyb, they got it fixed before open beel , but did piss me right off
Posted by PCola77 on :
Kermit, PAIV was never halted.
I gotta head out the door now, but just wanted to say good luck to us all today, and welcome back bksundar.
Kick some ass AWYB!!!!
Posted by bksundar on :
Thanks. Looking forward to an exciting day. GLTA...
Posted by renrob05 on :
I heard 20 million short...and it has to be covered by cusip change.
This is gonna fly with all that covering.
Posted by m69jump on :
like a kid in a candy store..........
Posted by beatheodds on :
This things seem to take time to happen. If there calling all certs how long do you really think it would take? my guess is a couple of days/weeks.
Posted by PCola77 on :
beattheodds. Yeah, it most certainly will take time. the thing here is to compete with the shorts to buy some of the shares that holders are selling, and hopefully sell what you get to the shorts at a higher price. It's good that it will take time to do the recall because really you probably don't want to hold through it.
quote:Originally posted by beatheodds: This things seem to take time to happen. If there calling all certs how long do you really think it would take? my guess is a couple of days/weeks.
Posted by HurricaneBob on :
I don't see how the cusip symbol would be able to change in a matter of days. I was wondering if any of you have ever seen a situation where the certs were not covered by the change and what happened? GLTA
Posted by kermit42 on :
PCola, maybe technically PAIV was never halted, but the change was months ago and I believe some people are still waiting for their PAVC shares. Meanwhile, the stock has lost most of its value.
Posted by PCola77 on :
kermit, I was just saying that you need to be careful with the word halted. It's not a word taken lightly, that's all.
By the way, this has dippoed to .30. Not the run I was expecting. crap.
Posted by HurricaneBob on :
i'm still waiting for pavc shares, any chance i won't get them till may
Posted by renrob05 on :
Added at .32... this will be big...
Rumour news at 4 o'clock!!!
Posted by PCola77 on :
PR just out. Based on review of NOBO list, CEO estimates 21 million shares short.
Given tah the float is 2.8 million. Umm WOW.
CSHD went from $1 to $4 on short of 1.5 times float.
AWYB from .5 to ???? on short of 7.5 times float...
Posted by Homersbud on :
About Fing time!
Let's get a move on it now!
Posted by PCola77 on :
Oh, and he said the cert exchange is "We are hopeful that everything will be in place for the mandatory cert exchange by the end of the business day on Tuesday, October 17, 2006."
3 days to cover, shorts.
YIKES
Posted by Homersbud on :
Shorts didn't cover on CSHD until the 2nd last day they were suppose to and we all saw what happen.
Gooooooo AWYB!!
Posted by kermit42 on :
NEWS:
BOCA RATON, FL, Oct 13, 2006 (MARKET WIRE via COMTEX) -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB" or the "Company") on Monday, October 11, 2006, announced that there appeared to be major differences in the numbers reflected on the NOBO list versus the actual numbers from the transfer agent. As we noted in our press release of yesterday, October 12, 2006, given the discrepancies, we felt we had no choice but to do a mandatory cert recall.
Mr. Platten, President, also noted that a lot of shareholders were asking for a specific number of shorts. We have been very reluctant to provide a number since we cannot be absolutely certain. There have been a lot of rumors in the past few days and the Company feels compelled to quell the rumors by providing its best estimate to date. In the words of Mr. Platten, "In my view, looking at everything I see, I think the shorts are in the neighborhood of 21 million shares. However," Mr. Platten adds, "whether my estimate is correct or not, the rubber will soon meet the road. We are hopeful that everything will be in place for the mandatory cert exchange by the end of the business day on Tuesday, October 17, 2006."
The Company believes that once the mandatory cert exchange is finalized it will resolve the shorts problem once and for all. We encourage our shareholder base to watch for updates as they occur.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
SOURCE: American-Way Business Development Corp.
Posted by bksundar on :
Let the games begin... 0.39 now...
Posted by kermit42 on :
For those who don't know, the float on this is somewhere between 2.8 and 4.8 milliom shares, so a short of anywhere near 21 million shares is huge--75-85% have to be bought back.
Posted by Homersbud on :
My only concern is why Don didn't release the NOBO report showing the actual numbers ADP came up with? That probably would've been MUCH better than Don 'thinking' there is 21 mil short...imo
A nice rally would be nice before the weekend but it's not looking so good right now....Shorts have to cover sooner or later but the question still remains, when?? My guess would be either Monday or Tuesday, at least I hope...Geez, let's go already AWYB!
Posted by kermit42 on :
The PR is poorly worded on that point--it suggests that the cert exchange is EOD Tuesday, but it can be read to mean they hope to have the mechanism in place EOD Tuesday for a later cert exchange.
Posted by bksundar on :
Is this new run sustainable . Let us hope so....
Posted by kt325ci on :
.39 x .395 We could see .40 soon
Posted by kt325ci on :
.41 right now Posted by Homersbud on :
Weeeeeeeeeeee!
Just got back from lunch and see we are above .40!
Posted by kt325ci on :
I've been loading up all day in the mid .30's so pretty happy thus far Posted by Homersbud on :
quote:Originally posted by kt325ci: I've been loading up all day in the mid .30's so pretty happy thus far
Nice dude!
44x45!!!
Posted by kt325ci on :
Loaded at .355 average Posted by Homersbud on :
Weeeeeeeeeeeeee!
Close of $.445! Looks good for next week!
Posted by kt325ci on :
Very nice close and looking forward to more $$$$ next week.
Posted by renrob05 on :
They will be forced to cover the next two days...this is gonna explode
Posted by PCola77 on :
I took 20K shares off the table at .395 because I had more in than I was comfortable with, and now I have 45K that I will let ride for a while.
In retrospect I am glad that I added more yesterday and today at .32 and .36, but it was dumb to do it with money that I was afraid to lose.
I'm fairly excited about the prospects for Monday but I am just worried that if the way Kermit read the PR (i.e. they should know by Tuesday when the certs need to be pulled) is true, then it may scare people out and they sell in a panic if the price doesn't do a stright line run up on Monday could really kill momentum. Wow, that was a run-on sentence...
Posted by bksundar on :
Good decision. You can now enjoy the money and put it to better use !!!
Posted by bksundar on :
I think I too made a good decision selling SSSU yesterday in the afternoon at 0.022 and buying this at 0.30.
I seemed to have timed both very well, since SSSU has dropped to 0.017 levels and this has rocketed to 0.42 levels...
BTW, I also hold CHNW which could be a winner long term.
Posted by renrob05 on :
This was posted by Art2gecko on Ihub
OK, here are some STAGGERING numbers.>>
We've been doing some off-hand comparisons to the CSHD squeeze that happened after their NOBO list info was PR'd. Well I downloaded the September trading volumes for both CSHD, and AWYB into an excel spreadsheet, and came up with some interesting comparisons. Please be warned, you may drool on your keyboard!
Stock Shares over the float Float Owners/Float - factor High pps hitCSHD 75,487,085 ________30,918,339 ________2.44 $4.00 Stock Potential shares over the float Float Potential Owners/Float - factor pps could hit?AWYB ________10000000 ________2,898,000 3.45 ?? ________20000000 ________2,898,000 6.90 ?? ________30000000 ________2,898,000 10.35 ?? ________40000000 ________2,898,000 13.80 ?? ________50000000 ________2,898,000 17.25 ?? ________60000000 ________2,898,000 20.70 ??
So basically this data (confirmed when the AWYB NOBO data is out) is telling us that AWYB has anywhere from several to almost TEN times the relative short position that CSHD has/had.
Number 1: AWYB has a short position several to 10 times the short CSHD had.(NOBO data will nail down actual totals for AWYB)
Number 2: AWYB has flipped the float 27.13 times in 14 days, whereas CSHD flipped the float 1.48 times in 20 trading days.
Number 3: CSHD popped 400+% last week on much, much less severe short positions, and trading-volume-to-float ratios.
So what does this all mean?
---THERE ARE DAYS AND DAYS WORTH OF SHORT COVERING TO BE DONE.
---AND....WITH THE INCREASING INVESTOR AWARENESS AND TRADING VOLUME OF AWYB, THE PROBLEM ONLY GETS COMPOUNDED FOR THE SHORTS.
---THIS IS JUST GETTING STARTED
imo, load the boat with shares, take profits when able, to secure your initial outlay, then let the squeeze just compound and develop.
This is going to be a fun ride.
Posted by renrob05 on :
Gonna be huge tomorrow!!
Posted by beandog24 on :
Yep it should be a nice week here in AWYB land. Will be interesting to see what Don has in store for this week.
Posted by The Phat Man on :
has trading been halted here or symbol change? i'm showing no volume and no hi/lo for the day. thanks in advance for any response.
Posted by renrob05 on :
No it's trading...SBSH trying to keep down. LOL
Posted by renrob05 on :
It's at .39 now...watch it will go up to atleast .43 by close. I'll bet the kids on this one.
Posted by renrob05 on :
Friend spoke with CEO ...new Cusip number will be out afterhours todya or tomorrow guaranteed!!
Posted by renrob05 on :
They will have to cover...you saw what happened to CSHD
Posted by bksundar on :
Do we need to fasten seat belts once again ??!!!
Posted by bksundar on :
0.465 HOD
Posted by renrob05 on :
Get ready it's gonna blast off
Posted by bksundar on :
0.47 * 0.49 BLAST OFF has started !!!
Posted by renrob05 on :
i see CSHD all over again!!
Posted by bksundar on :
sure.... The investorshub boards are going crazy !!!
0.51 in a sec...
Posted by renrob05 on :
c'mon .60
Posted by Homersbud on :
Weeeeeeeeeeeee!
.49x.50!!
Posted by renrob05 on :
This price is a bargain...when news cusip comes out...expect dollars
Posted by kermit42 on :
We'll probably drop in the next 45 minutes as day traders bail, and then start to climb again through the eod.
Posted by renrob05 on :
.53 nice
Posted by renrob05 on :
This will reach .60 by EOD in my opinion
Posted by bksundar on :
It is just getting ready to break the 0.53 barrier now... And then off to the 0.60s Prev high in the last few weeks 0.66
Posted by PCola77 on :
Sitting at .50 now. Nice day so far.
bksundar, you have the golden touch with this one. Nice trading.
Posted by renrob05 on :
EOD push will come...don't miss out on this opportunity
Posted by bksundar on :
I sold out SSSU at 0.022. I should have bought that back too at 0.018. Anyway, AWYB is going to rock for me !!!!
Posted by PCola77 on :
.53s getting pounded now.
Nice big blocks being bought at HOD is a nice sign of things to come, IMO.
Posted by Homersbud on :
quote:Originally posted by PCola77: .53s getting pounded now.
Nice big blocks being bought at HOD is a nice sign of things to come, IMO.
Agree! Should be able to break HOD at the next attempt, imo
Posted by kt325ci on :
VERY nice to see the .50's again. I just wish the daytraders would hold for higher levels.
Posted by Homersbud on :
Sweet, close of .50!
Looking good for tomorrow too Posted by kt325ci on :
Glad to see we closed at .50. First time we closed at this level.
Posted by beandog24 on :
New cuspid tommorrow and the cover begins, sweet. Around 20 million short est. on a 3 million float lol, no brainer here.
Posted by Egg Inspector on :
where is everyone on this today????????????????
Posted by PCola77 on :
I'm still holding like 40K shares. Just a bit busy at work today and nothing worth talking about here Posted by PCola77 on :
by the way, a cuspid is a tooth, a CUSIP is what you're referring to.
quote:Originally posted by beandog24: New cuspid tommorrow and the cover begins, sweet. Around 20 million short est. on a 3 million float lol, no brainer here.
Posted by realtor548 on :
Can anyone pump this stock(AWYB) up ? It downed today.
Posted by bksundar on :
It does not need pumping. The day of CSHD like rocket will come....
Posted by Egg Inspector on :
what makes you so sure bk??
Posted by bksundar on :
The short squeeze story of this not yet over. Go to the investorshub board for all the excitement on this one...
Posted by PCola77 on :
Egg, IMO this thing will HAVE to go much higher if the following assumptions are true
1) The float is 2.8 million (or close to it) 2) The number of shorts is 20million+ (or close to it) 3) A new Cusip number is issued and certs must be exchanged.
If any of those things aren't true, then all bets are off, but I am still holding, based on the fact that I have not seen any evidence to indicate that any of them have changed.
Posted by bksundar on :
I have been following it from the AWBV days and reverse split of 1:5000. There is a major short squeeze (presplit adjusted closing price is 0.50)
Also the stock is showing amazing strength for the amount of flippers out there. It is hard to make it go below 0.35 for long... I recognize strength in this one. But that is just my opinion....
I bought 45800 at average price of 0.10 and sold at 0.50. Now back for 25K at 0.30 a few days back...
Posted by bksundar on :
As I said again, it bounced back and is showing amazing strength in the 0.30-0.35 range. Poised for the next leg up.
So far the high has been 0.66 and a closing high a few days back of 0.50
Posted by lukin4winners on :
AWYB chart looking very bullish ...rumor of the cusip change near finish... .42 hod so far
Posted by bksundar on :
This stock is priomed to break 0.50 and then it will be sweet ride after that...
Posted by PCola77 on :
I'm still in and holding. Not sure if there's a way to track this, but to me the biggest indicator of the short squeeze still being in play is the ridiculous sized after hours "settlements of trades"
like today, it started running, then all of a sudden there were no trades for like a half hour, and mysteriously there was a settlement for 320,000 shares after hours, or over $120,000. IMO MMs are holding ordes to make it seem like there is no interest, and then they bring the ask down.
I'm typically not an MM conspiracy kind of guy, but this has been going on for days and days now. With hundreds of thousands of dollars being held back during trading hours.
Posted by bksundar on :
Great point...
Posted by lukin4winners on :
AWYB new cusip added ... she should rock now when shorts have to cover could be huge. http://www.cusip.com go to bottom of list for details
Posted by renrob05 on :
wow amazing this should see .60 in no time
Posted by bksundar on :
Looks good now... Interesting
Posted by renrob05 on :
Dividend news also on the way
Posted by kermit42 on :
I'm skeptical of the dividend rumor, but does look like we get an important announcement tomorrow. Possibly the new CUSIP will be PR'd.
Posted by renrob05 on :
Big news today as per CEO. Cusip news???
Posted by PCola77 on :
Yeah, I also think dividend news is a bit of a reach. This is not a company that could/should be paying any kind of dividend. It's not a good company at all, IMO, just a good short squeeze play.
Posted by kermit42 on :
PR Imminent!!
Dear Shareholders,
Please find a press release that should be crossing the wire in the next half an hour or so. If there are any questions at all, please e-mail us.
AMERICAN WAY BUSINESS DEVELOPMENT CORP. UPDATES SHAREHOLDERS ON CERT RECALL
Market Wire BOCA RATON, FL -- (MARKET WIRE) -- 10/25/06 -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB" or the “Company”) on Friday, October 13, 2006, announced that it was taking the necessary steps that would lead to cert recall starting with a new CUSIP number. We finally received the new CUSIP number yesterday. We are now proceeding with the next steps. The key specific steps that need to be taken include (i) finalizing the details of the new certs with the transfer agent; and (ii) obtaining a new NASD symbol. Since both the NASD and the transfer agent have been kept apprised of all our actions, it should not take very long at all. The NASD will then require that all future trades be done with the new certs. The Company believes that, once the mandatory cert exchange is finalized, it will resolve the shorts problem once and for all. Specifically, we expect the process to work as follows. In its TA letter to NASDAQ, the transfer agent will note that the current shareholders will need to send in their current certs for the new certs being prepared by the transfer agent. NASDAQ will then inform DTC of the exchange requirement; DTC will in turn inform CEDE and other affected brokers of this requirement. This will have the effect of suspending trading until the old shares are sent to the transfer agent and new shares reissued. Don Platten, President, states: “We understand that this is an onerous process but, after talking to our advisers, we realize that there is no other way of dealing successfully with the shorts. We also want to advise our loyal shareholders that once NASDAQ has informed DTC of the exchange requirement, the process will be entirely out our hands. How long it will take for the new certs to be issued will depend entirely on how quickly CEDE and the other share holders send in their current shares to the transfer agent. We cannot tell you with certainty whether that will be a matter of days or weeks. In any event, we urge our shareholders not to panic. We believe that this is the only sure way to force the shorts to cover their position. At this point, we encourage our loyal shareholders to advise your brokers to turn the AWYB certs to the transfer agent ASAP and not to sell into the shorts; otherwise, all our efforts will have been in vain.” This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Posted by lukin4winners on :
PR is out now! should move up ....
Posted by bksundar on :
First the nervous sellers and then may be....
Posted by bksundar on :
But I like the strength at around 0.35 for the last few weeks.
Posted by kermit42 on :
Yeah, not an immediate reaction like I'd hoped, but this was the first major hurdle. The PR confirmed that the CUSIP change is real and any shorts will be forced to cover.
We should start seeing concrete moves soon.
Posted by renrob05 on :
You will see it inching up everyday. Then ...BAM. 1 dollar.
Some say this will hit $4.00, with the huge amount of shorting on it.
People the news is out...cusip # is in!!!
Posted by renrob05 on :
First green day...keep track here. MMs sucked up alot of shares today. Covering their short position slowly here. They don't want anyone to notice.
Watch it. It will close in the.40s by Monday.
Posted by bksundar on :
I think we have a long way to go...
Posted by kermit42 on :
Check out the effective date.
Posted by PCola77 on :
It is very interesting that it's on the "deletions" section and not the "changes" section.
hopefully that means that AWYB is deleted, all certs must then be accounted for to get an actual count of ownership to find out the short position, then it will be a new symbol early next week.
I guess we'll find out next week. Have a good weekend all.
Posted by gonefishin13 on :
WOW, that is a pretty bold move by your CEO. I havent seen one yet where they didn't give a deadline date before. But he did say in some NR "cover now or else". Cant say they werent warned.
Now the DTC has to settle and clear AWYB trades. Talk about sticking it to short sellers. Holy moly.
Congrats guys, wish I owned some. Looks like I waited one day too long. Will be watching the fireworks upon CEDE transfer and new symbol. Cant imagine what some of the shorts will be thinking when they get the call "congratulations, you've just become shareholders of Harvard Learning at $2 or more". Ante up!!!
congrats again.
Posted by kermit42 on :
Don did say in his last PR that trading will be stopped for a period so this isn't completely a surprise, but I have no idea what happens next.
Gonefishin, it sounds like you have a better grasp on what happens Monday morning. Can you give some insight?
Posted by gonefishin13 on :
Hi Kermit,
been DD'ing this thing for a while, but havent purchased any yet.. arggg.. i figured i'd have another week or so.. but nope, your CEO just said "OK enough!"
My guess is that if your CEO is correct, and there is a huge short position of shares that dont exist, it will behave similar to Circle Group Holdings. Pull certs...get final numbers...then those short were obliged to enter the market and buy the duly authorized shares of the capital stock.
they were totally screwed. If I remember, when they started trading again, that thing ran from pennies to like $8 bucks afterwards. One of the ultimate classics in short squeezes.
Dunno if yours will do that, but I wouldnt be surprised to see you trading in the $'s when they reopen the company stock. Probably a new symbol, too, just an FYI,
Again, congrats! be ready....
Posted by kermit42 on :
Thanks! That would bne something and a great way to follow what was a disasterous trading summer.
Posted by PCola77 on :
Interesting news from IHub, although I personally thinks it's BS. Not that I think the posters are lying, just that I don't thikn there's anyway it would really happen.
Apparently two different people had GTC orders to sell over $10/share and they were called yb E*Trade brokers saying that they may "cash out" their position.
According to several posters, that's illegal, and according to me, if it sounds too good to be true, it probably is.
Just thought I'd throw it out there though. I can't wait to see how this plays out.
Good luck to us.
Posted by kermit42 on :
Good luck to us.
My only concern now is that AMTD will find a way to screw me out of this ala PAVC. I can't wait till all my plays finish playing and I can close out that account.
Posted by HurricaneBob on :
those etraders aint bull****tin. had mine in at $7 got the same call and they told me they do not short shares but metioned settlement
Posted by The Phat Man on :
maybe i'm not up on sh!t with this play (left it at .50) but why can't i get a read on my scottrade real stream or etrade L2s? whassup? please fill me in. thanks
Posted by realtor548 on :
Is it danger to hold a penny stock overnight ? Lucky me, I bail out few days ago.
Posted by realtor548 on :
On my TDameritrade real steam I saw AWYB $.36 but no trade on Scottrade real steam .
Posted by kermit42 on :
PhatMan: trading has stopped on AWYB and will never resume under that ticker. There's been a merger or buyout or something with the Harvard Learning Center. A new CUSIP has been issued and there is a cert recall. No trading until the new symbol is assigned.
It doesn't mean anything at this point, but I don't know why realtor's streamer says .36. AWYB closed at .405.
Posted by PCola77 on :
Hurricane Bob, that is really, really interesting that you got the same call. Why would they alert shareholders of a potential cash settlement if there was no big short position. My guess is that the AWYB CEO caught the shorts really off guard by changing CUSIP number so fast and now they are trying to illegally buy shares back from holders. I'd be interested if their offer is like .40 or like $5. Could tip their hand as to how short they are. I'm holding my shares tighlty (not that I could sell if I wanted to...)
Can't wait for the next few days.
Posted by HurricaneBob on :
pcola, yes it is... i'd been thinking if i f****d it up by puttin seven instead of ten, in the case of these guys gettin ten if they settled for our gtc, lol... if they thought about settling ten, then dam... my feeling is, if its similiar to a paiv situation then this could run teens, not outlandish, although i figure theyre smart enough to shake em lower with every situation being different... but one things for sure, seems like theres a load of content holders that aint letting em go for cheap...i was just sure to tell that i want them there shares there when trading resumes unlike my jphc that are not... we'll see what happens soon enough
Posted by HurricaneBob on :
from the hub, at the bottom, my sentiment as well ( the new cert divy )
An AWESOME sequence of events....
I don't know if this is Don's plan or if even possible, but the following would be pretty sweet.
Wait for the three day settlement to pass. Trading was essentially halted at the close on Friday, so ALL trades would be settled as of close on Wednesday.
Once ALL trades have been settled, brokers will then submit bulk certs to TA in exchange for new certs.
TA receives bulk certs from all brokers and tallies up total shares.
TA reports total to Don.....now Don would have the EXACT count.
Don PR's the share structure and amount of shares short.
After announcing share structure, Don instructs TA to issue new certs.
Brokers receive new certs and the fun begins (Although, I have no idea how they would divy up the new certs. This, to me, is the most confusing part of the equation)
Most likely wishful thinking, but what the hell.
Posted by bksundar on :
My only fear is that TDAmeritrade/Izone will still be holding my shares as restricted, while others are trading this at high prices and then it drops down to a low price by the time I am ready to trade !!!!
Posted by kermit42 on :
Anybody else get a shock when they looked at their portfolio?
"Holy Crap! Half my money's gone!!"
As are all my awyb shares. Instead I have shares of N/A with a vaue of $0.00.
Good to see progress. Maybe trade Monday?
Posted by bksundar on :
Me too I had the same thing occur !!!
Posted by Homersbud on :
Not me!
My portfolio still shows a close of .405 Posted by Homersbud on :
quote:Originally posted by kermit42: Anybody else get a shock when they looked at their portfolio?
"Holy Crap! Half my money's gone!!"
As are all my awyb shares. Instead I have shares of N/A with a vaue of $0.00.
Good to see progress. Maybe trade Monday?
Well, now I feel your pain! My account got updated today to reflect Harvard Learning Center with a symbol HARVLC (not sure how accurate that is) but doesn't have a value which is normal since it hasn't traded, but it looks like we are getting closer to trading..
Posted by kermit42 on :
Email from Don posted on IHUB and confirmed by several others (I'm on the email list but don't get the emails--go figure):
Dear Shareholders,
Here's an update: We just got notified today by the State of Florida that the merger is approved. We have been in contact with our market makers and NASDAQ trying to get a new symbol as quickly as possible. Our market makers are discussing the matter with NASDAQ as we speak. Hopefully, they will be able to get a new symbol today. Under the worst case scenario, if NASDAQ remains obstinate, it may insist that we first file a 15C 2 11 under the newly merged company, THE HARVARD LEARNING CENTERS, INC. Of course, if we have to do that, it will take time but it's the only effective way to deal with the shorts.
After going through this process and dealing with the time, the expense and the aggravation, I can understand why the shorts almost always win. But this time it will be different; let's see who has the last laugh.
-Don
Posted by Homersbud on :
Interesting....Can't wait to see how all this pans out.
Posted by Time2drum on :
Don, good job, but what ever happened to the dividend we were supposed to get. I had over 40Mil at that time and never have received anything, neither has anyone else. Hmmm, also, was wondering why you NEVER took my calls, returned my calls or e-mails? Although you deleted most before reading, I caught onto you and snuck a few in with subject headings that you thought were potential customers, but then deleted after you read them. GL to all that are here trying to make bank, but BEWARE of promises, from one who has been there and back.
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