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QBIT...HUGE ALERT!!!...I AM HEARING THIS WILL BE THE NEXT PAIV/PAIM!!!
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[QUOTE]Originally posted by J_U_ICE: [QB] NEXT MAJOR SHORT SQUEEZ like PAIV: QBIT Read here and see why. Get in before more people notice it. http://ragingbull.quote.com/mboard/boards.cgi?board=QBIT&read=105 http://ragingbull.quote.com/mboard/boards.cgi?board=QBIT&read=106 By: topofalltrades 20 Oct 2006, 09:13 PM EDT Msg. 105 of 106 Jump to msg. # I think we have PAVI and AWYB and SSSU situation happening here. Just checked NV filing site. The company did a FORWARD SPLIT filed on 8/17/2006 1:10 Shares was increased from 200 million shares to 2 billion shares. Repeat, it's not Amendment to increase A/S but STOCK SPLIT. On 7/31/2006 the company had 200 million A/S. 139.375 million issued which owned by 211 shareholders. Insiders (more than 5%) own 69.53% of the shares (7 entities). That is 96.90 millions shares, float not owned by more than 5% insiders: 42.47 million shares. From beginning of Aug (08) to Oct 20, there have been 2.252 billions shares traded (before 8/10/06, hardly volume) ranging in .0007 to .0145 but mostly avg out around .002 So STOCK SPLIT took place, filed on 8/17/2006. Has shares been distributed? If so, those with 5% or more can sell only certain percentage a year. Where did the share coming from? There has been no share increase filed except that F/S to increase liquidity. Price of the stock before F/S has been around .004 a share. If shares has NOT been distributed, then what happens here? Keep in mind that O/S is 139 millions on 7/31/06 and float is 42 millions on 7/31/06. Filing for STOCK SPLIT on 8/17/06. Now look at these trades on 8/10 to 8/31/06 when the forward shares are distributed. 228 millions shares traded and price was traded mostly around .0018 to .007. But price went up after the distribution date to trade mostly where it was before the Forward Split annoucement 8/17. Where do the shares coming from? Can we say MMs shorted the stock ahead of the forward split? Are these new FORWARD SPLIT restricted? IF SO, HUNDREDS OF MILLION SHARES (IF NOT BILLION PLUS) ARE BEING SHORTED!!!! 10/20/2006 0.002 0.002 0.002 0.002 162,555,232 10/19/2006 0.001 0.002 0.001 0.002 33,626,536 10/18/2006 0.001 0.001 0.001 0.001 28,338,738 10/17/2006 0.001 0.001 0.001 0.001 65,419,012 10/16/2006 0.001 0.001 0.001 0.001 12,941,298 10/13/2006 0.001 0.002 0.001 0.001 41,931,328 10/12/2006 0.002 0.002 0.001 0.001 27,597,032 10/11/2006 0.002 0.002 0.001 0.001 29,532,172 10/10/2006 0.002 0.002 0.002 0.002 69,570,424 10/9/2006 0.002 0.002 0.002 0.002 101,742,880 10/6/2006 0.002 0.002 0.001 0.002 99,700,920 10/5/2006 0.002 0.002 0.001 0.002 47,579,420 10/4/2006 0.002 0.003 0.001 0.002 122,906,912 10/3/2006 0.002 0.003 0.001 0.002 202,965,888 News 10/2/2006 0.002 0.002 0.001 0.002 6,760,832 9/29/2006 0.001 0.002 0.001 0.002 44,083,108 News 9/28/2006 0.001 0.002 0.001 0.001 26,761,210 9/27/2006 0.001 0.002 0.001 0.001 35,557,104 9/26/2006 0.001 0.002 0.001 0.001 104,077,568 9/25/2006 0.001 0.001 0.001 0.001 21,543,542 9/22/2006 0.002 0.002 0.001 0.001 67,123,672 News 9/21/2006 - - - 0.002 80,000 9/20/2006 0.002 0.002 0.001 0.002 89,576,432 9/19/2006 0.003 0.003 0.002 0.002 56,498,284 9/18/2006 0.004 0.005 0.003 0.003 57,785,416 9/15/2006 0.009 0.01 0.004 0.004 124,196,376 9/14/2006 0.002 0.015 0.002 0.011 152,942,256 9/13/2006 0.003 0.003 0.002 0.002 7,521,333 9/12/2006 0.003 0.004 0.003 0.003 9,949,753 9/11/2006 0.002 0.003 0.002 0.003 25,931,646 9/8/2006 - - - 0.004 20,000 News 9/7/2006 0.001 0.05 0.001 0.004 115,711,088 9/6/2006 0.001 0.001 0.001 0.001 4,499,500 9/5/2006 0.001 0.001 0.001 0.001 4,296,000 9/1/2006 0.001 0.001 0.001 0.001 23,079,000 News 8/31/2006 0.001 0.001 0.001 0.001 4,120,000 *** The Anticipated Effective Date 8/31/2006 8/30/2006 0.001 0.001 0.001 0.001 10,261,055 8/29/2006 0.001 0.001 0.001 0.001 2,050,000 8/28/2006 0.001 0.001 0.001 0.001 2,575,000 *** Record Date for Forward Split 8/28/2006 8/25/2006 0.001 0.001 0.001 0.001 3,110,010 8/24/2006 0.001 0.001 0.001 0.001 14,619,300 8/23/2006 0.001 0.001 0.001 0.001 22,947,580 News 8/22/2006 0.001 0.001 0.001 0.001 22,680,550 8/21/2006 0.002 0.002 0.001 0.001 5,853,000 8/17/2006 0.001 0.002 0.001 0.002 2,975,560 8/16/2006 0.002 0.002 0.002 0.002 6,426,610 8/15/2006 0.002 0.002 0.002 0.002 25,325,150 8/14/2006 0.003 0.004 0.002 0.002 29,307,800 8/11/2006 0.002 0.005 0.002 0.003 75,552,979 8/10/2006 0.002 0.002 0.002 0.002 205,000 Can this be another case of Brokers sold the stock that supposed to come from Forward Split but not put out yet .. just like PAVI or SSSU or AWYB? If so, imagine that float of 42 million shares could had been scooped locked up by insiders and friends who don't have more than 5%. Maybe this is the way the company plays with the system and will get the shorties? Gosh I hope this is the case. It's going to be FUN!!!! You might want to get in before people start catching up on this. This can be a huge return stock. 10X, 40X, 200X, 600X like PAVI or AWYB The List of stockholders owning more than 5% as of 07/31/06; Mike Skillern, Director, President 22.69% Ellis Gibson, Director, Treasurer 14.10% Pete McCain, Director, Secretary 12.03% Chris Hymel, Director 3.62% Tom, Neer, Director 0.36% -------------------- ------ Qbit Treasury 7.26% Cede & Co. 9.47% -------------------- ------ As a Group 69.53% All other stockholders of record as of 07/31/06 own less than 5% Quantum Bit Induction Technology, Inc. ("Qbit") has operated continuously since chartering in Nevada on January 28, 1999. Qbit's By-Laws are available here. Qbit's resident and transfer agent is Nevada Agency and Trust. Qbit Common Stock has been assigned CUSIP# 74765B105 and ISIN# US74765B1052 by Standard & Poor's CUSIP Burea. Qbit is authorized to issue 200,000,000 Common Shares. Qbit has issued 139,375,000 Shares which are owned by approximately 211 Shareholders (07/31/06). ===================================== By: topofalltrades 20 Oct 2006, 09:15 PM EDT Msg. 106 of 106 Jump to msg. # SHORT SQUEEZ is going to happen here? By: stockswami1 07 Sep 2006, 10:28 PM EDT Msg. 49 of 105 Jump to msg. # Short Squeeze For those of you who are wondering why this stock is getting so much attention, here is what is going on. The company recently announced a 10 for 1 forward split. This took place on Aug 31. The new shares were put into everyones account. A number of people sold some or all of their shares as is quite often the case in forward splits. A few days later, brokers started notifying people that they were short the shares they had received from the f/split and sold. It seems the shares received from the 10 to 1 split were actually restricted for a year. To add to the madness, usually after forward splits, MM's will short shares because there are now many additional shares for them to get their hands on. To make a long story short, there is now a short squeeze going on. Individual investors as well as MM's are short shares. For those of you who remember the past, PAIV created much the same situation. That stock ran from .001 to .25. Those who own, hold on to your hats. Anyone who doesn't, there should still be time to get aboard. Good luck to all. [/QB][/QUOTE]
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