posted
Are you so naive to not realize Islamic terrorists are deriving funds through naked short selling?
Purl, I'm sure they have their toes on the line before the bell, too. It's just that we have enough homeboys sticking it to us that I doubt those (bleep)(bleep)(bleeps) see any profits from it. In fact, there's so much middle east money invested here that I wouldn't be surprised if they're in the same boat we are. Along with China, India, Japan... they already own a large percentage of the U.S.
Aw, don't get me started on Social Security - the mother and father of all evil. It needs to be gone. Scat. We prepared, my kids are prepared, and now I'm working on my grandkids.
In the meantime, one documented case of abuse leads to reforms that support many. The time is right for reform. All that huffing and puffing by large lenders over Utah? Where they gonna go? Utah is just the beginning. Let 'em eat cake.
posted
Purl, all of you are faster at this posting thing than I am.
IESV - there's just something not right about the numbers.
This is very important!!! There are two reasons for a stock to show up on the 'fail to deliver' list... naked short AND naked long.
If you want, I'll go back till the beginning of time on those filings and track the share count. SEC goes back to Mar 2000.
The thing is, I see a lot of debt coming to a head, plus stuff like this...
During the nine months ended March 31, 2006, the Company:
- Issued 545,128 shares of common stock in exchange for accounts payable and accrued expenses of $21,008.
- Issued 6,363,637 shares of common stock in exchange for long-term debt of $350,000.
During the nine months ended March 31, 2005, the Company issued common stock in exchange for services, prepaid assets and debt of $587,023.
... but I don't readily see where they have increased the AS to accommodate additional shares. I could be wrong about that, only looking superficially at this point.
But, it appears you may have a 'naked long' situation. Have any brokers refused to allow buys yet?
Went to home page, it's out of Vancouver. That's why I asked what the deal was. Looking for peeps to sign a petition... well, my eyebrow is up on that one. Why? What has Canada done for us lately?
posted
IESV - the 2004 Cornell CD was completely liquidated by April 18 via conversion to common stock.
New 3/2006 SEDA w/Cornell - As of March 31, 2006 the Company has issued 41,559,383 shares under this agreement, plus an initial issuance of $500,000 worth of the Company's stock as a commitment fee for this commitment. Under this agreement, the Company may issue stock worth up to $25,000,000, through March 2007.
216,834,980 shares of common stock, $0.005 par value per share, as of May 9, 2006.
Some change, Purl, but I don't know. I would have to go back and track all those CDs.
One of my longs just went through something similar - had to go back and then restate because an old cd wasn't disclosed when they bought the company. They chased it all over the globe, trying to buy the remnants back.
" During the nine months ended March 31, 2006, - Issued 545,128 shares of common stock... - Issued 6,363,637 shares of common stock...."
Yeah, I looked at employee options, also.
There is a lender of great concern, Cornell, which is well known for dilutive selling. However, IESV was smart enough to arrange a "discretionary" agreement which indicates shares will be provided to Cornell on an "as needed" basis. Looking at IESV cash flow, appears IESV is not making use of Cornell.
Cash flow, financing is only one-third and stock sells the remaining two-thirds. This is a very prudent mix for a developing business. Interest charges on loans is very reasonable. All of this suggests IESV is using revenue and low financing to develop, which is good.
IESV cash flow also indicates they are turning over their revenue, stock sales and financing directly into development of their Dairy to Bio-Gas technology. I found no cash flow which suggests company people are skimming off excessive amounts, such as high salaries.
Per IESV reporting, all is in order.
Returning to their recent issued shares to pay debts and such, less than ten-million shares. Employee options, much less. This amount of shares could be turned over in the markets in four or five days, if all is dumped at once; not enough shares to explain this three-million to four-million per day average turnover in shares.
Shares traded in the past four to five months, is almost double the total authorized shares.
All major indicators of naked shorting are there, including being listed on the SHO list.
Really angers me because this is a company which should be trading in the .12 to .16 per share range, even with a reported million dollar loss on their recent 10Q filing.
Couple years back, when some of us starting buying IESV, volume was on the low side. IESV starting becoming known, then suddenly volume jumps to millions per day and dropping prices directly indicating naked shorting.
My anger is most of us could have bought and sold, bought and sold, many times over if share prices behaved as normal. We could have turned at least a fifty percent profit and still be vested for the future. Naked shorters robbed us of our profits.
IESV is a good company which is playing it straight, doing everything right, keeping their word, not wasting money and never a hint of pumping. Value is in their potential which is great because they are serious about this Bio-Gas industry evidenced by their large plants and steady year-over-year development. IESV is on the verge of becoming profitable and IESV is years ahead of other companies.
Naked shorters, though, screwing everyone, with the blessings of the SEC.
Still not enough to explain the volume. Additionally, this came in after the volume spiked up and remained up.
SEC,
"...Cornell will pay the Company 99% of the lowest closing bid price....Cornell will retain 5% of each advance...."
If Cornell dumped all of their shares, cash on IESV balance sheet should show a finance gain around two-million dollars.
Long term proceeds are about a million. This is not Cornell. Stock issuance, proceeds are about two-million which might suggest Cornell but cannot be because IESV is selling stock to other vested interests per their report to assist with costs and debts; not enough to explain Cornell and all other interests.
Should Cornell dump all at once, this would take about two weeks to finalize. High volume trading has been going on for months and months.
I really believe this is not Cornell dumping shares on the market. I would expect Cornell to dump some, certainly, but not the whole lot at once. Even if all dumped, this would be done and over with long back.
Again, this Cornell deal came about _after_ the spike in daily volume.
Another factor which does not add up, is share price is very stable, very little change. Should Cornell dump, I would expect share price to fall to a point to cause panic selling.
Numbers cannot be rationalized to account for all this high volume for such a long period of time, save for naked short selling.
posted
Yahoo is displaying 4.625 million shares per day average volume over the past three months. Rounded down to 4.5 million and multiplied by 66 trading days in three months, this works out to be about three-hundred-million shares, not quite twice the early 2006 outstanding shares. Being conservative, we could assume a turnover of an amount equal to all IESV outstanding shares over a period of three months. This is way too much!
posted
Purl, if I would get my lazy arse in gear and pull my hard drive out of my DEAD pc, I could look at old notes on this stock. The only thing I absolutely remember, when considering this in mid 2005... insiders were selling their arses off. I went back to it this year, saw the cd being converted to common (which is officially over), and passed again.
The chart activity (using stockcharts) matches Cornell/insider trades. Since 2005, add another 41.5M on Cornell SEDA. I see 4 more proposed sales, not reported yet.
And before I buy, I'm gonna want to find out who Cordoba Corporation is, and what their balance is after selling.
This is a good long pick, but I would plan to accumulate at or below .055 because that's where its gonna stay as long as Cornell has shares to sell - IMO.
Aha, I do have a bit of dd on this pc...
I'm showing it recently hit the SHO list on 4/27/06. That makes sense (sort of), Cornell finished selling on 4/18, the alternate fuel industry woke up (overall).
High volume days do not necessarily indicate short selling. I could offer other explanations, but without watching that activity on 'last sale' streamer, I would only be guessing.
So what am I saying? Yes, I understand your anger over watching profits come and go. But I doubt much of it is from abusive naked shorting.
posted
If curious, I periodically take a break from weed pulling and research stocks. You will not be successful at stock trading if you do spend hours and hours each day researching.
If hot and sweaty from weed pulling, do not sit in the shade and drink a beer. Sit in front of your computer and research stocks until you cool off a bit.
Finding a single stock, just the right stock, can earn you a fortune, *snaps her fingers* just like that!
So what are you doing sitting out there on your patio eating fat hamburgers and drinking fat beers watching your kids become fat, also.
For reader information, my comment about Glassman's margin account, and this does not apply to Glassman because he knows what he is doing, a margin account is bad for two very good reasons.
One reason is a margin account allows your account shares to be borrowed for shorting. Other is you are tempted to borrow to buy and end up paying interest to your broker, and maybe losing your money; borrowed lost, still due plus interest.
New investors, beginner investors, are very tempted to use margin accounts and your broker will do everything possible to convince you to use a margin account.
Do not do that!
Reminds me of a man who lives next to one of our rentals. He pisses and moans to me he had to refinance his house because he lost his family's life savings in the stock markets.
His wife divorced him and took the kids with her.
A cash account at your broker will not allow your shares to be borrowed for shorting. Shares cannot be borrowed from a cash account; cash and carry only.
A cash account will force you to only "spend" as much money as you have in your account; no "credit card" stupidity. You run out of money, no more spending.
All too often I read posters commenting,
"Wish I could buy that stock but I have no more money to spend. All my money is in IBZT stock."
Dumb F-word.
Never invest more than fifty percent of your cash on hand. Keep a good amount available to play those short term runners. Get in, get out, make a profit, return your cash to your account and sit on it until another runner comes along.
Never use a margin account, never tap out your cash reserves. If you do, I will think of you as a Dumb F-word.
A balanced viewpoint is very beneficial for readers here. Tick Trader or Purl Gurl? Who knows! More important, though, for readers to learn of both viewpoints.
Tick Trader's comments are very valid. I agree with his thoughts and disagree with his thoughts. This is the fun of stock trading; lots of risks, lots of unknowns, both leading to excitement!
How beneficial for readers to not be subjected to pumping nor subjected to bashing. Tick Trader and I are having a mature responsible discussion of a stock and both of us raise valid points which benefits all readers.
Remaining fair and open minded, Tick Trader appears to not be vested in IESV. His viewpoint could be a bit more valid and objective. Our family is heavily vested in IESV, so my viewpoint will inherently be skewed towards what I "want" to believe, no matter how hard I try to be fair and objective.
Probably is Cornell dumping shares.
However, I am always right. Buy IESV. On Thursday of next week, IESV will be selling for $172.00 per share. This is guaranteed!
posted
I don't think we are in disagreement, Purl, at least not on much. The high volume is suspicious... "sounds like" MMs moving hot potatoes to keep individual short % down. They are probably waiting for Cornell to dump more so they can cover that way. I don't know, I haven't watched it. Seeing mirror trades? Between the tick trades? UHV - we should all know about that. But when you calculate shorts, do you factor in repetition volume from flippers and daytraders? I don't have a 'general' percentage to use. You have to consider PR exposure, which again, I haven't tracked.
Now, when are you coming up here to pull my weeds? If it weren't for dandelions, my lawn would have nothing but green. I like green.
maybe there's a whisperboard, in some secluded corner... ???
New Fox show! StockWhisperer...
Kevin Costner buys rights: Choctaw-fox who Dances with StockWhispererererer...
Tex changes handle, stars in SickCents, whispering: "I see dead stocks...." . . . . . . . .
quote:DISCLAIMER: stockwhisperer.com is in no way liable for fallout stemming from lack of knowledge regarding coyote vs fox among, between, otherwise prepositionally bound followers, viewers, practitioners, debutantes, academics relating to or in any methodology tangentially exposed to Native American, indigenous, or "Born Again" Americans (North, South or Central. note: inhabitants meeting Panama Canal Zone residency requirements may have special consideration).
[ May 28, 2006, 21:10: Message edited by: BuyTex ]
"A cash account at your broker will not allow your shares to be borrowed for shorting. Shares cannot be borrowed from a cash account; cash and carry only."
Why do you say that? Well, okay, do you mean to say your broker won't allow anyone else 'out of house' to short your shares?
Restricted shares are supposedly immune from shorting. The only other way to prevent one or more short positions against your shares is to order certificates and get them out of the system.
And TDAmeritrade says, "We WELCOME all International Customers!" Does anybody know if they can actually short OTCs via TDA or other US brokers? There's enough foreigners on these boards that I would have thought one would volunteer info about how/if the short-side potential works for them.
Purl, 'we' - in this thread - can discuss anything, for now. But the mini-sharks will return, they are going to be back Tuesday morning.
And, you know, most of them don't even make sense to me.
BuyTex, lol, what stock symbol is associated with those flicks? Sounds interesting.
quote:Originally posted by TickTrader: Something I forgot to ask, Purl ...
"A cash account at your broker will not allow your shares to be borrowed for shorting. Shares cannot be borrowed from a cash account; cash and carry only."
Why do you say that? Well, okay, do you mean to say your broker won't allow anyone else 'out of house' to short your shares?
Restricted shares are supposedly immune from shorting. The only other way to prevent one or more short positions against your shares is to order certificates and get them out of the system.
And TDAmeritrade says, "We WELCOME all International Customers!" Does anybody know if they can actually short OTCs via TDA or other US brokers? There's enough foreigners on these boards that I would have thought one would volunteer info about how/if the short-side potential works for them.
Purl, 'we' - in this thread - can discuss anything, for now. But the mini-sharks will return, they are going to be back Tuesday morning.
And, you know, most of them don't even make sense to me.
BuyTex, lol, what stock symbol is associated with those flicks? Sounds interesting.
Perhaps this is "Internet myth," re cash accounts & borrowing of shares. However, that is also my understanding...I am emboldened by Wily's sharing that belief--but, as we caution time and again, anyone can be wrong. As I understand it, it has to do with the difference between cash & margin accounts, ie, agreeing to margin is also agreeing to lending shares. That being said, I have also heard what you, Tick, admonish re certs...but I *think* that was in pre-decimal days...
Movies? Wily and I will be working on the first draft of the screenplay as soon as she reads my post...Both Blackberry AND Bluetooth will beg for product placement; we will settle on merged ID as "Blurt-tooth"
Anyone who dances with me runs a risk of having my hips knock him clean into next week, if not next month! BOOM! BOOM!
As you know, my medicine animal is coyote.
On cash versus margin, almost all brokers agree stocks in a cash account cannot be borrowed by others for shorting. A cash account, you are not allowed to short.
When you create a margin account, you also agree to allow your shares to be borrowed for shorting. You must have a margin account to be allowed to short stocks.
Cash, no shorting either direction. Margin, shorting either direction.
This is well hidden in the fine print of your broker contract, for most brokers if not all brokers.
posted
"As will be suggested by the tales below, Trickster alternately scandalizes, disgusts, amuses, disrupts, chastises, and humiliates (or is humiliated by) the animal-like proto-people of pre-history, yet he is also a creative force transforming their world, sometimes in bizarre and outrageous ways, with his instinctive energies and cunning. Eternally scavenging for food, he represents the most basic instincts...."
"In house, they don't need to lend...only locate."
lol, what's the now-passe "buzzword"?
oh, yes..."on task"
TiskTask, Tick, as I hear you? You submit a loophole, whereby the broker can qualify for lent shares, merely because I as a client hold them in my cash account...
In other words, the "bet" is--if push meets shove--the broker can say, "I fulfilled my part by finding legit shares...EVEN THOUGH I could not legally lend them. But, indeed, I found some..."
sorry if this is a dead horse to you...although I can't claim "newbie" status anymore, there's much for me to learn...
posted
I'll dig for my account forms on my original cash account, but I remember something in there that gives them... wiggle room? even on cash accounts. I'll look for the exact wording, though.
And I have a kid that can keep pounding on the glue until it's a fine powdery substance that's lighter than air.
if a broker locates the shares and then the owner sells them? there is supposed to be a margin call on the short-sale...
there are also some dividend issues if your long shares are being used/borrowed to short... guess who gets the dividend? they follow the shares... whoever shorted them is supposed to cough up the dividend... PLUS? there is a tax problem that goes along with that... dividends are one way to bust naked shorting and dsicourage legit shorting too....
the brokers have probably not been properly tracking the shares they "collateralise" for shorts as they should and hence you get situations like global crossing and martha stewart etc...
[ May 28, 2006, 23:20: Message edited by: glassman ]
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
| IP: Logged |
and *there* are tax consequences..."your" shares can be lent, and you wind up without the tax bennies...there's some legalistic hoo-ha regarding the way you get screwed out of your tax bennies...
Still, I *think* this is big-board issues...*not* pennies...
If you know the Munster family, you know our family history.
Reminds me of Westcott the other day making a crude remark about my father. Elected to not say anything, not come across as cry-baby like him, but if he only knew I am an orphan.
Dividends are oft used to fight shorters. Some companies will buy back shares at a higher price, others will keep silent about very good news then suddenly release news during market.
Naked shorts, no effective defense.
Reminds me of GLUV suddenly printed off something like six-trillion shares to cover for their shorts. Quite comical!
I am quite certain on this cash versus margin accounts. I recall calling E*Turd and asking about this. Even made the boy repeat himself three times to be sure.
No surprise if there is a wiggle hole somewhere. Most common event is a shorter will simply provide an IOU for short shares, but never settle the shares.
Some of us periodically discuss "rewinding" the clock on short shares. This is common. Brokers have a loop hole with which to work. They can reset the timer at will.
Major problem is the SEC and NASD wrote real fancy sounding rules but no enforcement, a self-reporting system. What crook will turn himself in? Ain't gonna happen.
DTCC is a complete joke.
This Utah rule, silly of Wall Street to scream bloody murder. Utah gives brokers three days plus five days to settle; eight days.
Reminds of Jefferson screaming about the FBI cannot search his office. Ok for the FBI to raid American homes, but do not dare touch his office. Amazing hypocrisy.
Wall Street is the same. Ok for Wall Street to rip off America but do not dare question what Wall Street does inside corporate offices.
Wish I had sixty-thousand wrapped in tinfoil inside my freezer. Nothing suspicious there.
Nah, Tex and I would never kill a horse. There have been a few mules in my life I would have liked to kill....
posted
Speaking of taxes, only right thing Bush did is to sign off on the capital gains tax extension until 2008.
Keep this in mind. Before December 31, 2008, you will want to sell your big long term profitable stocks, such as ALMI.
My hunch is, when Democrats take the presidency and become majority in Congress, this lower capital gains tax will vanish. I am thinking the Democrats will raise this to 28 percent to 30 percent effective January 1, 2009.
posted
Staying on topic of naked shorting, here is a company which is the king of naked shorts.
Want to read a hilarious pump and dump?
PLNI thread, posted May 27, 2006 15:14
"Management’s Discussion and Review of Unaudited 2006 First Quarter...."
Read and enjoy Rush Limbaugh style number twisting comedy. Darn good laugh, that.
Nearly a billion shares of PLNI have been shorted and naked shorted over the past year. I am quite convinced PLNI is shorting their own shares as a scam. This type of scam is not uncommon at all. "Squeeze Trigger" news is a dead giveaway of shorting orchestrated by the company itself.
The Charles Schwab / Endovasc scandal is an example of this type of scam. The Schwab affair is especially vulgar. Suspicion is Schwab was funneling funds directly into Dubai for use by Islamic Terrorists.
Not gonna bother telling the PLNI boys about this.
Certainly you do not think Wall Street is working for America, yes? Wall Street works for whomever has the bucks; senator, president or terrorist.
Nashoba Holba
* Hey you NDOL boys, how about that? I actually know some things about trading stock.
Posts: 7504 | Registered: Dec 2003
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Confused]](confused.gif)
![[Roll Eyes]](rolleyes.gif)
