posted
Ok, how on earth am I suppossed to believe this is a real trade? Someone sold 2000 shares of ICMH at .0004 this morning when the bid/ask is .0004/.0006???
That would be a $0.80 cent sell order!
Anyone have any ideas what that indicates for this (or other) stock other than blatent manipulations?
moosehead9nc
posted
its a partial fill, lol im trying to sell ipre shares and 2500 just went through at .0004 which was a dollar's worth
bowlegtroy
posted
Ok, so who would buy a partial at that price??? This makes no sense to me? They spent more onthe transaction than they did the actual purchase?
What does it all mean? WHAT DOES IT ALL MEAN??? (looking to the sky and screaming like a mad man while hands are on head).
bowlegtroy
posted
Better yet, why would a MM fill a partial at .0004 and not the rest? I mean if it is a partial, it means that some poor slob (like me!) is now locked into $0.80 worth of the stock?
Seriously, this is blatent manipulation!
moosehead9nc
posted
yea that does make sense if you put it that way, hmmm
osoaz
posted
2006-10-11 09:44 ET - News Release
HOUSTON, TX -- (MARKET WIRE) -- 10/11/06
Patriot Mechanical Handling Inc. (PINKSHEETS: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that it has won an order totaling US$8.8 million from the Eisner Business S.A., Brazil subsidiary of Queiroz Galvão Perfurações S.A.
The US$8.8 million order from Eisner Business S.A. is for one mechanical handling rig set, comprising BOP and Subsea Tree transporters for a new build semi-submersible currently on order from Keppel FELS in Singapore.
Queiroz Galvão is a major Brazilian corporation with operations in: Construction, Real Estate Projects, Concessions, Urban Waste Disposal, Oil and Gas, Steel Industry, Finance and Farming. Queiroz Galvão started its activities with conventional drilling rigs in 1981. The growth in this activity has continued, and today the company owns and operates semi-submersible, offshore drilling platforms and conventional as well as helitransportable onshore drilling rigs in remote and hard to reach areas like the Amazon region, where the company has three onshore drilling rigs in operation.
Keppel FELS is a wholly owned subsidiary of Keppel Corporation, through Keppel Offshore & Marine, and is a leader in offshore rigs, ship repair and conversion and specialized shipbuilding. Keppel Offshore & Marine's near market, near customer strategy is bolstered by a global network of 17 yards in the Asia Pacific, Gulf of Mexico, Brazil, Caspian Sea, Middle East and North Sea regions. Integrating the experience and expertise of its yards worldwide, the group aims to be the provider of choice and partner in solutions for the offshore and marine industry.
Paul Findlay, CEO of Patriot, commented, "Hopefully investors can now see that the strategy the Board implemented is bearing fruit as we continue to expand our client base and to develop relationships with some of the largest companies in the market. The Group performance continues to improve, and the outlook is positive."
About Patriot Mechanical Handling
Headquartered in Houston, Texas, USA, Patriot Mechanical Handling, Inc. (Patriot) is a comprehensive engineering and product supplier for all mechanical handling solutions in the oil and gas industry. In addition to this, Patriot is a licensed representative for some of the finest & most well established brands in the lifting and mechanical handling business. Our success is based upon effectively meeting the customer's needs prior to, during and most importantly after the product has been delivered. Our personalized service is unrivaled. We frequently monitor the quality of our products to insure our customer's satisfaction, and offer equipment that is guaranteed safe for use and fit for purpose.
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.