posted
I so hope that this company is truthful in its pr's. These OTC stocks can lie. but enough negativity.
How can the company just reset the value. I have heard of Reverse splits doing that but who can just say I want my company to trade at $15 pps? Who is the middle man thats gonna make that happen?
-------------------- This is the start of something big Posts: 242 | From: Michigan | Registered: Apr 2006
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posted
The "368 rule" "Fhal" is in a bankrupt statis" then they "purchas. "CVSU", "CVSU has all the "assets"...NOW FHAL is no longer bancrupt...they halt trading and "reset" the value at the new PPS...the question is...Will the market support the reset PPS? That is really what the question is...and it will be interesting to see how this "plays" out...
quote:Originally posted by beatheodds: I so hope that this company is truthful in its pr's. These OTC stocks can lie. but enough negativity.
How can the company just reset the value. I have heard of Reverse splits doing that but who can just say I want my company to trade at $15 pps? Who is the middle man thats gonna make that happen?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by beatheodds: I so hope that this company is truthful in its pr's. These OTC stocks can lie. but enough negativity.
How can the company just reset the value. I have heard of Reverse splits doing that but who can just say I want my company to trade at $15 pps? Who is the middle man thats gonna make that happen?
funny... this isn't an OTC... it's OTCBB and ALL stocks, even NYSE stocks are known to lie..
why pick this out for special treatment?
this price reset thing was the first thing everybody got all their panties in a bunch about about 2 months ago...
the price at any given time is so fluid it doesn't matter...if you watch Bloombeg? or CNBC? you see co's halt trading on news all the time...
then? they restsart at whatever price the MMs decide...
it's not that difficult...
i looked up the NASDAQ OFFICIAL price rules? they basically say there is no such thing as an "official price"...
the real question is just what 10 pointed out...can they trade it at those prices?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
My thoughts also.. Rufas claims to have "institutioanl buyers" ready to "step in" after the reset...and "a plan" of PR's and what not that would bring More People into the Stock at the higher PPS...and again...I guess we are going to have to wait and see what Rufas Pulls out of his magical hat...
quote:Originally posted by Relentless.: there would be a pretty massive sell off I would imagine..
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
I wouldn't put alot of faith into that stream of PR's or institutional buyers.. but a price reset would be nice.. and if it works you can bet a whole host of other companies will try it.
Posts: 2965 | Registered: Aug 2005
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quote:Originally posted by Relentless.: I wouldn't put alot of faith into that stream of PR's or institutional buyers.. but a price reset would be nice.. and if it works you can bet a whole host of other companies will try it.
Even better, than we will have something else to consume our whole LIVES with, so we don't go through CSHD withdrawal. LOL!
posted
EXACTLY...Relentless...that's what I will be looking for... I can see some OTC's doing the same to some of the NASDAQ companies...this could be the start of a whole new "trading op"!
"The Better" this turns out? the better the chance of other Companies following...IMO
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by dog: Is it just me, or does it seem that we are in a week of painful waiting?
Tip on SLJB.... drive across to Windsor and check out the business for yourself.
see this question in the SLJB thread
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by 10of13: The "368 rule" "Fhal" is in a bankrupt statis" then they "purchas. "CVSU", "CVSU has all the "assets"...NOW FHAL is no longer bancrupt...they halt trading and "reset" the value at the new PPS...the question is...Will the market support the reset PPS? That is really what the question is...and it will be interesting to see how this "plays" out...
quote:Originally posted by beatheodds: I so hope that this company is truthful in its pr's. These OTC stocks can lie. but enough negativity.
How can the company just reset the value. I have heard of Reverse splits doing that but who can just say I want my company to trade at $15 pps? Who is the middle man thats gonna make that happen?
Go look at TBV's 8-k of sept 04, they did the same exact thing. Reverse merged into a shell that was going bankrupt and included a restructuring of the shell in the merger. It also included a price reset after a 30 day halt in trading.
TBV is probably the best example of what is going on here. Read the 8-k, and look at the chart. It is what we expect.
Posts: 440 | Registered: Jul 2006
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quote:Originally posted by sceptor: you stated that "Pinksheets companies, which I know this is not one, put out PR's all the time that skirt the truth(Being nice here)"
Don't forget some AMEX, NASDAQ listed companies have put out over exagerrated PR's as well. Well GTE(formerly GTEL.OB), may just soon be a pinksheet company if the AMEX has its way. Over exaggerated PR's are the name of the game in OTC and OTCBB land. Companies that make it out of these ranks are the ones that get tested on what they say in PR's and are held accountable by the respected exchanges that they trade on.
CAFE last year was a fun ride as well. They were a NASDAQ listed company that flat out lied about installing lighting in WalMart stores. They are now a pinksheet stock as well for lying in a PR.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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quote:Originally posted by sceptor: you stated that "Pinksheets companies, which I know this is not one, put out PR's all the time that skirt the truth(Being nice here)"
Don't forget some AMEX, NASDAQ listed companies have put out over exagerrated PR's as well. Well GTE(formerly GTEL.OB), may just soon be a pinksheet company if the AMEX has its way. Over exaggerated PR's are the name of the game in OTC and OTCBB land. Companies that make it out of these ranks are the one's that get tested on what they say in PR's and are held accountable by the respected exchanges that they trade on.
CAFE last year was a fun ride as well. They were a NASDAQ listed company that out right lied about installing lighting in WalMart stores. They are now a pinksheet stock as well for lying in a PR.
So show cshd is lying.
Posts: 440 | Registered: Jul 2006
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quote:Originally posted by Peaser: All I am trying to say is that accountablity in the OTC and OTCBB markets is lacking.
sure it is. The problem with that premise is cshd has 8-k's, a marked difference from the norm of pr'ing a stock to glory.
Posts: 440 | Registered: Jul 2006
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posted
"nobody ever buys a stock thinking there is a garantee..we all know that..."
But... really?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
actually there's dozens of co's..in all exchanges...
i have a human broker in a top five brokerage house that recommended (pumped) Enron, MCI, Global crossing, and half a dozen others that have ended up in litigation...
the issue here is why bother? the "bashers" have suggested dozens of reasons why this particular stock is "radioactive" and yet someone continues to step in and buy the shorts...
the last big pumpandump was ACTC.. that was huge... it's still on the SHO list too.. it's even in the filings how the company itself is diluting, the SHO issue is just the DTCC waiting for the sharse to be dleivered..... happens every day...
the price here has remained fairly stable around a dollar cuz it appears that somebody with deep pockets has kept the PPS there by buying every time the shorts starts dumping...
anybody hear anything new from AMTD?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: the price here has remained fairly stable around a dollar cuz it appears that somebody with deep pockets has kept the PPS there by buying every time the shorts starts dumping...
With the AMTD news, I am thinking that 1.00 might not be around much longer.
I have heard something on Ameritrade, but I will not divulge the info. Let's just say that they are investigating.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
you heard something but will not divulge that information...that makes sense...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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posted
yeh, sorry thats the mark of a bullchitter. you are going to have to make better comments than that if you want to stay in the game.
Posts: 440 | Registered: Jul 2006
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posted
Well that's not "fair"...LOL I am not realy sure Why Rufas "named" AMTD? Maybe it was the disappointment of them not allowing the "buying" of the stock. It could also have to do with the NOBO list that was recieved... Who knows? Rufas...we have to wait and see... BUT? maybe AMTD made an honest mistake when the ticker symbol was changed? Someone posted on here that they use to work at AMTD and the Reorg department may have screwed up... Anything is possible...and I am glad to hear that AMTD is "investigating"
quote:Originally posted by Peaser:
quote:Originally posted by glassman: the price here has remained fairly stable around a dollar cuz it appears that somebody with deep pockets has kept the PPS there by buying every time the shorts starts dumping...
With the AMTD news, I am thinking that 1.00 might not be around much longer.
I have heard something on Ameritrade, but I will not divulge the info. Let's just say that they are investigating.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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