quote:Originally posted by Vin: Would someone give me a scenario where someone "would" sell tomorrow...other than being uninformed. It seems to me that everyone who has shares today are in. Volume should be zero tomorrow.
posted
So until the 30th when you all get your 6 shares per share, there will be no action on this stock. Who would sell it knowing what they know after the SECOND 10-k?
After the "reset shares" are actually issued then it's anyone's guess what will happen, but it would have to go pretty low for anyone to lose any money on this.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
He's back in his office (6 ft. away with head phones on ) so I'm safe, I threw in some lingo about Naked Shorters and Free shares and he gave me the "Huh" look. Hard to believ he is the brilliant one in this household, well except for anything to do with math!
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Originally Posted by bluediamonds CSHD: SHORT ELIMINATION, NOTHING LIKE THIS HAS BEEN DONE BEFORE.
Could this be true?
FWIW
Originally Posted by ConCarne Not likely.
Shorts owe the dividend to the other side of the trade.
Since this went ex-dividend TODAY their accounts will be market as owing a huge 6 x $11.78 placeholder dividend for every share held short in their account.
DID YOU HEAR ME?
Everyone short just went capital negative in a huge way that's independent of share price.
NOTHING LIKE THIS HAS BEEN DONE BEFORE.
What a freakin' play!!!!
IMMEDIATELT EX-DIVY FOR $60+ which will be held over them until 10/30. Forced settlement.
Bankrupt.
Shorts just got wiped out. Retail and naked. Eliminated.
YOU DO NOT REALIZE HOW THIS WILL BE ACCOUNTED FOR IN THE BROKERS BACKOFFICE SYSTEMS.
IMMEDIATE EX-DIVY WILL BANKRUPT NAKED AND RETAIL SHORTS.
RUFUS JUST TOOK THEM OUT.
IF YOU HOLD 100 SHARES SHORT YOU WILL BE MARKED AT OWING 6 X $11.78 AS A ESTIMATE OF THE VALUE OF THE SHARE YOU HAVE TO DELIVER. EACH 100 SHARES SHORT POSITION WILL BE MARKED AS CAPITAL NEGATIVE $7,000 DUE TO THIS IMMEDIATE EX MOVE.
Join Date: Mar 2006 Location: Market Makers Desk Posts: 4,497 DO YOU GUYS REALLY understand just how genius this is? Rather than having to go from $2 a share to $70 a share, we can entice buyers, institutions, etc after giving us real longs 6 for 1 sharse, and book value of 11 bucks based on that. That way its affordable to everyone else, and us longs make out as if we are selling at 70 bucks a share, when we sell at 11 bucks a share!!!
Join Date: Sep 2006 Posts: 30 Quote: Originally Posted by phil Your posts tonight have really been on the A game. I am really impressed.
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THE UTTER CUNNING RUFUS HAS SHOWN IN THE HOUR BEFORE CLOSE "TYPO" AND THE SUBSEQUENT SHORT ELIMINATION VIA AN IMMEDIATE DISTRIBUTION (WITH A 10/30 DELIVERY) SHOWS A COMPLETE MASTERY OF STOCK TRADING, SETTLEMENT, AND BROKERAGE HOUSE PRACTICES.
I AM HUMBLED BY IT ALL.
STUNNED REALLY. NO IDEA HOW HE FIGURED IT OUT BUT HE FOUND THE ANGLE.
THIS JUST MIGHT SPLATTER ALL OVER THE MARKETS TOMORROW AS CAPITAL CALLS GET MADE AND ASSOCIATED POSITIONS GET COVERED.
posted
"Evrything's starting from here I said after the 10K the ball starts rolling, now it's all down here from here."
He's explaining why the 10K was exteded....He needed the NOBO list...They cahnged a rule about it or something when he asked for the list- something about 2 days or something ,,,,I don't understand what he saying.............he just called some people idiots.
-------------------- ..just remember....Family is EVERYTHING!!
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quote:Originally posted by Jenna: Anything you owned at close of today has 6 shares attatched to it - he said if you sell these shares basically you will not get the 6
this is CRITICAL!!!! i can't say enough how important this is...
somebody tell Rufus to PR it....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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what he/the co is saying is that they can in effect have an unposted, unfiled, forward-split without affecting the pps...
if true?
it's not a "price reset," but a share-count reset...
The reset was posted in the filings from the original 8K to the 8KA. It's not a forward split per say, it's an issuance of shares due to a reset based on the reorganization merger.
That's what I've gleaned from RUFUS. He just mentioned PIPE resets. Not normal here on the OTCBB but normal on bigger stocks.
quote:Originally posted by Jenna: Anything you owned at close of today has 6 shares attatched to it - he said if you sell these shares basically you will not get the 6
this is CRITICAL!!!! i can't say enough how important this is...
somebody tell Rufus to PR it....
He also said that if you are on the company books as a shareholder you will get your shares. He is worried about the brokers and MM's trying to take advantage of the situation.
posted
Any Vegas parties or other are going to have to wait until after the 30th cause I know no one here is selling a share before then...
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Now you understand why I said. Today you are either with or without. "CVSU would like to announce that today we file our 10-KSB and a "10-KSB/A" Annual Report."
The cobra has struck with a furious vengenace. The shorts will never get out of this.
You are either with or without today. You who have stood strong, yours is the victory cup to drink of.
Those who stand before me will live. Those who stand with their backs to me will surely perish.
ya KHabar befloos, bukrah yeb'a bebalash الصمت احيانا ضروري. بعض الانبياء المزيفين عندما اتكلم كثيرا وان لم يتكلم. كل شيء سيكون علي كشف لكم وسيكون النصر لكم.
IF YOU HOLD 100 SHARES SHORT YOU WILL BE MARKED AT OWING 6 X $11.78 AS A ESTIMATE OF THE VALUE OF THE SHARE YOU HAVE TO DELIVER. EACH 100 SHARES SHORT POSITION WILL BE MARKED AS CAPITAL NEGATIVE $7,000 DUE TO THIS IMMEDIATE EX MOVE.
MASSIVE DESTRUCTION OF WEALTH ON THE SHORT SIDE.
WE JUST WITNESSED HISTORY. WOW!!!!!
i am not buying this in total...
IMO? they CANNOT mark you down for the 11.78$... just the shares, and you can still buy them because the shares each have a coupon for 6 more attached until the 6 are delivered...
remeber? i am NEVER a shorter... i am always a long....
i could be incorrect about the 11$ mark but it does not make sense...
they aren't trading it at 11$ they are trading it at 1.8$ times 6...
correction, that should be 1.8$ times 7
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
re the blue diamond thing...and here's where the feet of my doubts start to "feel bottom," if you will...
if shorts are bound to deliver? Then it *is* a dividend...
One way peeps get screwed in the shorting process is that while their shares are loaned out, they miss divvies. So the lending brokerage makes compensatory payment to their client (whose shares they borrowed in order to effect the short), but said payment has tax implications that the divvy did not. Bottom line? client whose shares were borrowed usually loses some dough in the process...
So, if "due bills" involved? doubt this will work
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
More like 1.8 * 7, because of the original share. In the end, we will have SEVEN times the number of shares we currently have, not SIX. It looks like everyone is forgetting about the share you already own, plus the six ADDITIONAL shares.
SEVEN TOTAL!!!!!
-------------------- Muad'Dib knew that every experience carries its lesson.
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posted
Q: What do you have to say to fronthaul shareholder?
A: If you have a gripe from where you've stood...you're just a pain in the as*!! Look how far you've come....If you have aproblem you're just greedy...and greed comes from a baaaaaaaaaad place!"
-------------------- ..just remember....Family is EVERYTHING!!
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quote:Originally posted by unclerudy: More like 1.8 * 7, because of the original share. In the end, we will have SEVEN times the number of shares we currently have, not SIX. It looks like everyone is forgetting about the share you already own, plus the six ADDITIONAL shares.
SEVEN TOTAL!!!!!
i realised my error and edited thanx...
this play is truly unique...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
If you sell your shares then you sell the right to your 6 shares on the 30th right? Does that mean that if you buy shares you BUY the right to the 6 shares?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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posted
Ok, I've tried to PM this to a few people soas to not sound like a basher, but still can't figure this out.
Can someone tell me the flaw in this logic:
I bought 100 shares today at $2.10. Come Oct 30th, I have 700 shares. Come November 1, I'm selling at any price I can get above .30, so that I make a profit. Most others do the same, and the price drops to .30 and everyone break even.
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quote:Originally posted by T e x: re the blue diamond thing...and here's where the feet of my doubts start to "feel bottom," if you will...
if shorts are bound to deliver? Then it *is* a dividend...
One way peeps get screwed in the shorting process is that while their shares are loaned out, they miss divvies. So the lending brokerage makes compensatory payment to their client (whose shares they borrowed in order to effect the short), but said payment has tax implications that the divvy did not. Bottom line? client whose shares were borrowed usually loses some dough in the process...
So, if "due bills" involved? doubt this will work
i'm trying to follow it this way too Tex...
that's why i'm demanding a clarifying PR....
with the due bills attached? the PPS should go up as shorts try to acquire...
if they aren't attached? then they are toast already... the shares are not available
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by PCola77: Ok, I've tried to PM this to a few people soas to not sound like a basher, but still can't figure this out.
Can someone tell me the flaw in this logic:
I bought 100 shares today at $2.10. Come Oct 30th, I have 700 shares. Come November 1, I'm selling at any price I can get above .30, so that I make a profit. Most others do the same, and the price drops to .30 and everyone break even.
Because they are going to Nasdaq wiht a book value of $11 with 7bill in assets, but Rufus has another 8mill contracted according to him, meaning higher book value when 10Q comes out. Later alligator!
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by PCola77: Ok, I've tried to PM this to a few people soas to not sound like a basher, but still can't figure this out.
Can someone tell me the flaw in this logic:
I bought 100 shares today at $2.10. Come Oct 30th, I have 700 shares. Come November 1, I'm selling at any price I can get above .30, so that I make a profit. Most others do the same, and the price drops to .30 and everyone break even.
That might be the case if this was a split, but according to what rufus is saying its neither a split nor a dividend. So the price wouldnt be divided by 7 AFAIK.
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