quote:Originally posted by BuyTex: the hang-up for glossing over is STILL the "due bills"--we bought em w-aaaaaa-yyyy fair n square. It's like when a bully shows up and you warn him, "Dude, don f w me." Then he goes ahead and punches, and you knock his a$$ out. How's he gonna prosecute for assault? They were warned, the TA was notified, we been calling reg agencies...JEEZ if were running a scam, we'd justa been quiet!
Great bully analogy, TEX. That's pretty much what happened.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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quote:Originally posted by Trader88: Another thing to think about that kind of proves my point:
If they are asking for the SEC to "unwind" everything, why bother filing for increase auth???????? Must be that the Co. didn't get their unwinding wish.
you missed some chit--that's what i was saying about "greasing both sides of the griddle." Dude, they'r cooking themselves either way! Now--listen to Glassman
posted
Yeah, I haven't been around TEX, I figured you guys must have thought of this already, it's actually pretty obvious. Clearly, they aren't getting much help from their "reaching out" to the SEC plan. My first reaction when I heard about the halt was "oh no, we're finished". Now , I've had the time to digest everything, I feel exactly the opposite.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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quote:Originally posted by Trader88: Yeah, I haven't been around TEX, I figured you guys must have thought of this already, it's actually pretty obvious. Clearly, they aren't getting much help from their "reaching out" to the SEC plan. My first reaction when I heard about the halt was "oh no, we're finished". Now , I've had the time to digest everything, I feel exactly the opposite.
lol, imo, quit feeling "exaxtly" one way or the other. If you signed on to rodeo, let's rodeo...it's never clear when you're in the middle of the storm--quit or don't, if you catch my drift
quote:Originally posted by Trader88: Yeah, I haven't been around TEX, I figured you guys must have thought of this already, it's actually pretty obvious. Clearly, they aren't getting much help from their "reaching out" to the SEC plan. My first reaction when I heard about the halt was "oh no, we're finished". Now , I've had the time to digest everything, I feel exactly the opposite.
lol, imo, quit feeling "exaxtly" one way or the other. If you signed on to rodeo, let's rodeo...it's never clear when you're in the middle of the storm--quit or don't, if you catch my drift
The halt just caught me off guard for a second, I'm still rodeo-ing!
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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posted
in fact, if I may be so bold, quit "feeling"...first rule, never marry a stock. Take care, very good care of your wife/mate/girlfriend, but never marry a stock. That said, I'm also Ranger Terriffic against NSS...capital = a way to leverage $$$ for your emotional benefeciaries...no?
posted
Thanks for the pointers, Tex. I will file for divorce from GLUV when this is over and never look back.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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posted
hey, if all this chit were easy, they'd have kids out here...that's why we got leaders like we do...keithzeus found this and has never abandoned us, unlike pumpndump schemers...and for most peeps' carnival-ticket prices, what an education. This one ride makes you a +++++ better trader for less than I've lost on supposedly "sure deals."
posted
Guys, looking at the pictures of the fla filing they dated the authorized shares effective 5/20. Why? Because note they certify they had shareholder authoriztion to do so, apparently a fla statute requirement. BUT, they issue a press release about unauthorized shares trading and demand a halt to trading on Sunday. According to them and their filing, the shares were authorized unless more than 250 trillion are floating around. So one would assume on Sunday they had not yet authorized the shares.
After Friday, 5/20, they no longer owned the company and could not possibly have received shareholder approval. Heck, no one knows how many and who the shareholders are right now.
So they back date the amendment. I doubt that holds up to scrutiny for longer than it takes me to type this response. Their own press release cuts it down. On its face they are attempting to cover their butts. I would love to see the minutes of last Fridays shareholder meeting authorizing the new shares. Obviously no one remembered the meeting until Wed.
If the SEC protects them over the shareholders (that being us) something is rotten in denmark. One gets the feeling that they must not have believed on Wed that the SEC was going to rewind the problem or why else take such a blatant step which has fraud written all over it.
So what has changed since Wed. Could the SEC realize that the naked shorting problem which they refuse to acknowledge now has a new poster child?
If the SEC rewinds watch the lawsuits fly. They have never let me rewind my bad trades and recoup my lost money. If they want to rewind they can fix the problems vis-a-vis the outstanding/authorized shares. But they cannot make the new and current shareholders whole this way. Somebody has damaged the shareholders (US) if they rewind us out of our shares since they took our potential profits on our good deal in the market. Maybe we should rewind all trades when the MM's walk a stock down and shake out the profits only to sell the shares back later when they let the stock re-find its true market value.
This is far from over and I doubt that a rewind protects them from damages. The company and TA still have major liability issues.
Allowing the newly minted shares to live and trade actually allows trading to continue, removes the stigma of naked shorting and money to be made through trading.
So which is worse? Turning a blind eye to an obvious fraud so that trading may continue and naked shorts do not exist or rewinding back a couple of weeks and facing the years of litigation. Actually, the more I read and think years of litigation seems inevitable. Lawyers are sharpening their knives as we speak.
Probally see the TV commercials soon. Screwed by GVRP contact us at 1-888-SUEGVRP. They will run right between the ab machine ad and the solicitations for asbestos cases. LOL
Posts: 81 | From: Tennessee | Registered: Mar 2005
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quote:Originally posted by elitedb: Guys, looking at the pictures of the fla filing they dated the authorized shares effective 5/20. Why? Because note they certify they had shareholder authoriztion to do so, apparently a fla statute requirement. BUT, they issue a press release about unauthorized shares trading and demand a halt to trading on Sunday. According to them and their filing, the shares were authorized unless more than 250 trillion are floating around. So one would assume on Sunday they had not yet authorized the shares.
After Friday, 5/20, they no longer owned the company and could not possibly have received shareholder approval. Heck, no one knows how many and who the shareholders are right now.
So they back date the amendment. I doubt that holds up to scrutiny for longer than it takes me to type this response. Their own press release cuts it down. On its face they are attempting to cover their butts. I would love to see the minutes of last Fridays shareholder meeting authorizing the new shares. Obviously no one remembered the meeting until Wed.
If the SEC protects them over the shareholders (that being us) something is rotten in denmark. One gets the feeling that they must not have believed on Wed that the SEC was going to rewind the problem or why else take such a blatant step which has fraud written all over it.
So what has changed since Wed. Could the SEC realize that the naked shorting problem which they refuse to acknowledge now has a new poster child?
If the SEC rewinds watch the lawsuits fly. They have never let me rewind my bad trades and recoup my lost money. If they want to rewind they can fix the problems vis-a-vis the outstanding/authorized shares. But they cannot make the new and current shareholders whole this way. Somebody has damaged the shareholders (US) if they rewind us out of our shares since they took our potential profits on our good deal in the market. Maybe we should rewind all trades when the MM's walk a stock down and shake out the profits only to sell the shares back later when they let the stock re-find its true market value.
This is far from over and I doubt that a rewind protects them from damages. The company and TA still have major liability issues.
Allowing the newly minted shares to live and trade actually allows trading to continue, removes the stigma of naked shorting and money to be made through trading.
So which is worse? Turning a blind eye to an obvious fraud so that trading may continue and naked shorts do not exist or rewinding back a couple of weeks and facing the years of litigation. Actually, the more I read and think years of litigation seems inevitable. Lawyers are sharpening their knives as we speak.
Probally see the TV commercials soon. Screwed by GVRP contact us at 1-888-SUEGVRP. They will run right between the ab machine ad and the solicitations for asbestos cases. LOL
What can be gleaned from this week, bottom line: 1) Co. is in desperation mode. 2) With the actions the Co. has taken this week, more than likely SEC is frowning upon them and their position of the facts.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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posted
ALSO, elite, we on this board have NOT verified the amendment; no one here has gone to the statehouse and pulled paper copy...a lot of this reaction is only Net/chat room reaction...it looks authentic, but how do you REALLY know who's who? >>> agenda, etc?
posted
Apparently, the IHUB moderator physically went there and got it. Don't know who he is, or how credible, but it certainly LOOKs authentic. Someone else close to Talahassee needs to go there and verify. Sorry, I'm way too far.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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posted
trader, get on the coors train!!---let it go for now.....we're sloshing margaritas on the floor over here...see you guys sunday latest, maybe tomorrow====whoooooooo hooooooo lobe y'allllll what a great group....
posted
One thought--perhaps the 250 trillion A/S is to allow for trades to be busted all the way back through the reverse split. If the assumption is determined that post-forward split the O/S is 99 trillion, then pre-F/S it would be 33 million, and pre-R/S, 33million x 6.5 million, or 214.5 trillion shares. Perhaps they did this A/S increase in hopes that the SEC/NASD would allow them to have not violated their A/S anywhere along the way. Of course, we know that the A/S is actually 100 million per the documents publicly on file at http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=, and the O/S was actually 33 million post-FS, but maybe they're hoping for some kind of miracle that will help lessen the pain for them.
Posts: 257 | Registered: May 2005
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posted
The 5/25 amendment should be posted at the sunbiz.org site probably Tuesday next week, based on the typical timing between filing date and posting date--2 to 3 days, from what I've seen. I believe what has been posted by Matt of IHUB is legit. Looks like the others I've downloaded (5/17 and 5/10 docs). Whether or not it's legit won't influence trading for a while anyhow, so it's kinda moot at the moment. We'll get to see for sure next week.
Posts: 257 | Registered: May 2005
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posted
H2NRG, I sense their desperation. Tex, right on, time to get outta here and let this rest. It's out of our hands for a couple weeks. Time to take a well earned vacation from all this. I'm out for now, will check back in next week or the week after.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence. Posts: 502 | Registered: May 2005
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posted
Wife found this at SEC website in regards to GLUV susp. I did'nt see it posted here prev. Anyone have any "information which may relate to this matter...."
If any broker dealer or other person has any information which may relate to this matter, Joseph J. Cella in the Office of Market Surveillance of the Securities and Exchange Commission should be telephoned at (202) 551-4951. (Rel. 34-51750) http://www.sec.gov/news/digest/dig052705.txtPosts: 43 | From: MA | Registered: Mar 2005
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TEMPORARY SUSPENSION OF TRADING OF THE SECURITIES OF GLUV CORP
The Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act), of trading of the securities of Gluv Corp (Gluv), of West Palm Beach, Florida at 9:30 a.m. EDT on May 27, 2005, and terminating at 11:59 p.m. EDT on June 10, 2005.
The Commission temporarily suspended trading in the securities of Gluv because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, 1) number of shares outstanding for the company, 2) the availability of non-restricted shares for trading and delivery, 3) the current shareholders of the company, and 4) the rights attached to ownership of these shares. Gluv is quoted on the Pink Sheets under the ticker symbol GVRP.
The Commission cautions broker dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule, including 15c2-11(a)(5). If a broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff of the Securities and Exchange Commission in Washington, D.C. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Gluv’s securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker dealer or other person has any information which may relate to this matter, Joseph J. Cella in the Office of Market Surveillance of the Securities and Exchange Commission should be telephoned at (202) 551-4951. (Rel. 34-51750)
this was the whole article that the calls should directed....iam the wife and have been reading thi as an interesting novel am computer illeterate anstock clueless what a fun and educational read....good luck mary
Posts: 43 | From: MA | Registered: Mar 2005
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posted
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....
-------------------- "IT'S NOT LUCK IT'S DAYTRADIN'"
"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK" Posts: 5641 | From: Florida | Registered: Sep 2004
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quote:Originally posted by Ktrain420: in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....
quote:Originally posted by Ktrain420: in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....
Some of us played it both ways. I sold some I bought at $2.15 for $8.00 and held the rest as a lotto ticket. I have doubled my original investment (actually quadrupled since the proceeds bought PLNI) and still hold a lotto ticket. I doubt that anybody overextended themselves on this play, at least not on this board. All in all I consider this a pretty good play and the education, excitement and comraderie from this play was certainly worth the price of admission.
Posts: 81 | From: Tennessee | Registered: Mar 2005
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posted
elitedb, someone finally summed it up! This thread is like the line at 7-11 waiting for their lotto tickets when the pot is up to $60-mill. The anticipation of the "big hit" is far better then the reality that "when it looks too good...". Dreaming is a beautiful thing and I don't want to diminish it's value when cultivating creative minds, but come on...is a 5k investment (trader88) really gonna yield $6 mill, or did anyone really believe a stock which post F/S was trading at .0001 equating to $300 pre-split and purchased at $2-8 was gonna hold up?
I do admire the comraderie of the room and I especially admire the ability to dream big!
Posts: 4 | From: S. Florida | Registered: May 2005
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posted
JFM, what was your position in GLUV? what about scordo? who's your favorite band? Since you're in Fla, can you get a copy of the may 25 amendment?
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this was a GREAT call by Keith no matter how ya played it .......i pulled about 700% on it and i'll tell ya i can't complain bout that ........LOL.......nice call Keith......i don't like to hold these thing's, but i don't play the lottery either........GL
-------------------- "IT'S NOT LUCK IT'S DAYTRADIN'"
"HERE'S MY 2 CENT'S, SEE IF YA CAN TURN IT INTO A BUCK" Posts: 5641 | From: Florida | Registered: Sep 2004
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posted
remember - your pre-split shares traded are under investigation as well. am i correct?
Posts: 1421 | From: USA | Registered: Dec 2004
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posted
The small sale in my Wells Fargo account has supposedly cleared. The money is listed as usable. I think that I will wait to use it though.
Posts: 538 | Registered: Apr 2005
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posted
at least for ameritrade users. they sent out an email of trading halt as well as any funds used in buying and selling are locked up.
Posts: 1421 | From: USA | Registered: Dec 2004
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