posted
No . People that dumped money into a stock only want to hear one thing and that is they are going to be rich . It goes on in every single POS penny stock scam there is . I think the SEC is doing what they can to limit losses by halting these POS's but they can't eliminate losses , thats impossible to do . I hate to say it but boards like this one and others are the perfect breeding ground for P&D's to take place . Hell the internet in general is the perfect place to scam some one in general . Look at Ebay for example . That site is loaded with scammers and ebay sends out warnings all the time to their customers and yet people are still getting scammed every day on the site .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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posted
Tex? ALL the signs were there...Some people got VERY defensive about this stock...that was odd...seems if LESS were to post so much negative? might have not gotten everyone so convinced that "the bashers" were out and THIS MUST be worth something...
What I found "interesting" and rather odd? Why DID so many come on to all of these boards...when they claimed to have NO "investment" in this stock and spend so much time posting? IMO..it's one thing to post a concern...it's another to spend so many hours posting on a stock that "you claim to have no investment in"...get what I mean? IMO there was too MUCH of that...it "fed" RPH's theories of the NSS...and a year later? More NSS information is coming to the surface about the exchanges in general...
Less negative posters? this would not have stayed on the top of most boards...hense...less people noticing it...resulting in less investors...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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posted
How about a "Buy the crap out of it" just for old times sake ???
On a side note , I got a pm from Portman the other day saying he enjoyed reading my post . Not sure if that was an insult or a compliment . I'd love to hear his take on this whole matter since he's been awefully quiet the past few months .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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If something sounds to good to be true it probably is.....
My investing strategy has changed dramitically over the past year and the lessons learned from CSHD will forever be etched in my mind.
I merely look at this as a stepping stone to becoming a better investor.
Was I naive...... you bet your azz.
Tex, your question of how to prevent this in the future is a difficult one....
Think of how many pages of DD were done on this and how it was portrayed. We had the warning right in front of us and most had blinders on, including me.
Every person here is responsible for his or her actions.
All we can do is bring honest knowledge and hope that dueful respect will be given to both sides of the discussion, good or bad.
Posts: 6410 | Registered: Jul 2006
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quote:Originally posted by 10of13: Tex? ALL the signs were there...Some people got VERY defensive about this stock...that was odd...seems if LESS were to post so much negative? might have not gotten everyone so convinced that "the bashers" were out and THIS MUST be worth something...
What I found "interesting" and rather odd? Why DID so many come on to all of these boards...when they claimed to have NO "investment" in this stock and spend so much time posting? IMO..it's one thing to post a concern...it's another to spend so many hours posting on a stock that "you claim to have no investment in"...get what I mean? IMO there was too MUCH of that...it "fed" RPH's theories of the NSS...and a year later? More NSS information is coming to the surface about the exchanges in general...
Less negative posters? this would not have stayed on the top of most boards...hense...less people noticing it...resulting in less investors...IMO...
interesting take...
about "negative" posters, I mean... I don't remember rph mentioning NSS until late in the game...
thanks for the reply...I hope some others respond as candidly. I'm really interested in this aspect...
posted
thesource? Tex is asking in order to better allstocks because he is a mod...and he attempts to put the P&D at a minimum here
The "boards" like this one?
I do find Allstocks to be the "least" pumpish...even through all this mess with CSHD...allstocks didn't really have the posters coming on and saying...BUY BUY BUY...
I see some on the under .10 threads that are a little questionable...but for the most part...allstocks seems to have the "least"...
I check some of the other boards to get a feel for the "hype" of a stock...you can't really get that here...
-------------------- #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 agree this board is less pumpish than Ihub or HSM . I've been out spoken on this maybe a tad but its mainly to get my point accross and to atleast put the thought in people's head that they were scammed and that the world is full of these kind of people . I know some of you try to find the good in all people but in some cases , there is none to be found . Rufus is good at playing the sympathy card and he has a great audience to play it in front of .
Lets keep this in our minds and become a smarter trader from it . We can only hope at this point the SOB gets whats coming to him .
-------------------- ----- Game Over ----- Posts: 1536 | From: San Antonio - Texas | Registered: Oct 2006
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quote:Originally posted by thesource: I agree this board is less pumpish than Ihub or HSM . I've been out spoken on this maybe a tad but its mainly to get my point accross and to atleast put the thought in people's head that they were scammed and that the world is full of these kind of people . I know some of you try to find the good in all people but in some cases , there is none to be found . Rufus is good at playing the sympathy card and he has a great audience to play it in front of .
Lets keep this in our minds and become a smarter trader from it . We can only hope at this point the SOB gets whats coming to him .
The irony here is that posters like Tex, Glassman 10 of knowledge, myself and others have done a few things from the begin of this play. We all stated to protect your capital Number 1, take profits on the way up and the fact that this stock was an excellent tool for learning.
Getting on a soap box and calling a play a Scam only causes the stock to get more exposure. Naive people wouldn't even be aware of it if not for the redundancy of negative post being counter by positive post. That not only applies here but to quite a few other stocks I have seen in the last year and a half. The funniest thing is the ones I spotted as either a Scam or too risky have been some of the biggest gainers during that time. I stayed out of many of them. I mean you want to look at a real SCAM look at IDWD. People have been waiting 2 years for a buyout, that still hasn't occurred. Yet it had a nice run up last week. Where's the SEC? how can a company PR and promise something for 2 years and never deliver? Blind eye, Magic, protection? Who knows. In the IDWD play the CEO had even been convicted of selling unregistered securities but that had no effect. Postponed Dividends ETC ETC. I posted what I had learned and visited the board every once in a while but it wasn't making me money and no matter what I posted people were still going to buy. I could name a number of other suspicious stocks but why? If people really want to buy and believe they will. There is nothing anyone can do to dissuade them.
Ask Tex about my posting on VWKM, the facts I posted and the response I received. Heck, IMO Astrom belonged in jail but was able to sell the shell and move on to another Scam. He learned well from his father.
Boards like this one or it's competitors will only be completely successful if people post facts or speculation based on facts. The CREDO, I have learned at Allstocks is: LINKS PLEASE!!!!!!!
Discussion is a wonderful thing but to often ECO gets in the way. Some see a stock as a SCAM without doing any DD on it and others think it's the next Google without looking critically at it.
Human Nature, Greed? Possibly but it might also be the simple need to be recognized in life. I can say that the people that jump on the band wagon calling a stock a Scam months after it's PPS has fallen and DD has shown a problem are looking for that pat on the back and maybe even to build a Rep as a SCAM buster because it will make things easier for a pick they have in the future.
There are/and will always be agendas. Spotting agendas by researching the poster as well as the stock will become more and more important.
Messages boards are not the problem. The abuses of some that post on them are a problem. I have been banned from a couple boards without ever knowing what I did wrong. Yet have seen things posted on others that make me cringe.
It's not a perfect world. We all learn, for some the lessons are more expensive than others but it's the same in life.
Dang, enough already. Shut up Wallymac. OK I slapped myself upside the head.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by wallymac: The funniest thing is the ones I spotted as either a Scam or too risky have been some of the biggest gainers during that time. I stayed out of many of them. GLTA Wally
this is the way of the market, and it's not just the pennies that work this way...
the "problem" is just more obvious in the pennies...
IMO? the pennies are "safer" because a trader "should" already know the risks...
in the "bigs"? people are often convinced their "investment" is a "sure thing"....
it's not, playing the markets is always gambling...
if you want to make regular money without a half-million to invest? the pennies are theonly place...
even my grandpa knew this: bears will, bulls will run, and hogs always get slaughtered..
-------------------- 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
This is all some pretty interesting discussion...its about time .
So maybe I still have the blinders around, but I'm not sure that this is over yet (everything lost). I haven't made my mind up on Rufus's guilt, but I do feel that David Perley is a snake and that either Mike Alexander is too, or was really used by DP. I'm leaning toward the snake moniker for him though.
My question is...can someone summarize the red flags and explain what we should have known about with each one? I don't doubt most all of us leaned toward the answers to the red flags that fit into us making money, but I seem to remember most of the answers making pretty good sense. The only real red flag I can remember (that should have really hit home) was the toxic financing deal with AJW, but I can't remember at what point that came out. That whole deal also seemed to be lost once the merger was done and became a gray matter in and of it self.
Another point I'd like to make...I think we can all agree that NSS exists and I think most of us can agree that it was part of CSHD. So, even if the bonds and all of that was made up, is there not still illegal money out there that needs to be returned to us?
As 10 stated earlier...I just hope there is some closer with this one way or the other.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Milliam, I can't remember exactly at what point I first noticed this thread (or rather the CSHD thread 400 or so generations ago...) but I remember coming on here and saying something like "can someone explain how a 6:1 is different than a forward split? If it's trading at .40 now, and people are saying it will be reset to $15 per share AFTER the dividend, taht equates to a $90 PPS, or 22500%. If that was really likely, or even remotely possible, why wouldnt' it already be close to $90 per share?" I was lambasted for the question and basically called a basher and told to go away. That reaction in and of itself kept me from buying a single share, because the doubt, coupled with the reaction taht I got made me stop and say "woah, somethign just doesn't add up here". Not sure what other red flags there were out there at the time, but that one was big enough for me.
quote:Originally posted by milliam: This is all some pretty interesting discussion...its about time .
So maybe I still have the blinders around, but I'm not sure that this is over yet (everything lost). I haven't made my mind up on Rufus's guilt, but I do feel that David Perley is a snake and that either Mike Alexander is too, or was really used by DP. I'm leaning toward the snake moniker for him though.
My question is...can someone summarize the red flags and explain what we should have known about with each one? I don't doubt most all of us leaned toward the answers to the red flags that fit into us making money, but I seem to remember most of the answers making pretty good sense. The only real red flag I can remember (that should have really hit home) was the toxic financing deal with AJW, but I can't remember at what point that came out. That whole deal also seemed to be lost once the merger was done and became a gray matter in and of it self.
Another point I'd like to make...I think we can all agree that NSS exists and I think most of us can agree that it was part of CSHD. So, even if the bonds and all of that was made up, is there not still illegal money out there that needs to be returned to us?
As 10 stated earlier...I just hope there is some closer with this one way or the other.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Just curious...we all wondered how they were going to revalue the shares without a split and/or dividend. Anyone know if they adjusted the par value of the stock if that would have done it? Just wondering.
Posts: 2498 | Registered: Mar 2006
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posted
Is this the first day with no volume? A sign that we're at the gates of victory? or the gates of defeat? LOL
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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posted
Pcola, I see your point about the 6:1. I agree that it is/was/? seemingly the same as a forward split. Why the price didn't increase based off of it? I guess it would be the same reason the price didn't jump up each time the book value was increased due to a bond being added.
It was quite odd that a quadrillion dollar bond being added increased the book value to $70, but yet the stock only moved up .25 to $3 or so (I'm just pulling numbers out of the air here BTW).
So...who's to blame for the price not increasing? I think that each time good news came out, the price did move up initially, but then fell and usually fell past the earlier close. P&D? NSS? Some of both? I hope we find out!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by PCola77: Milliam, I can't remember exactly at what point I first noticed this thread (or rather the CSHD thread 400 or so generations ago...) but I remember coming on here and saying something like "can someone explain how a 6:1 is different than a forward split? If it's trading at .40 now, and people are saying it will be reset to $15 per share AFTER the dividend, taht equates to a $90 PPS, or 22500%. If that was really likely, or even remotely possible, why wouldnt' it already be close to $90 per share?" I was lambasted for the question and basically called a basher and told to go away. That reaction in and of itself kept me from buying a single share, because the doubt, coupled with the reaction taht I got made me stop and say "woah, somethign just doesn't add up here". Not sure what other red flags there were out there at the time, but that one was big enough for me.
quote:Originally posted by milliam: This is all some pretty interesting discussion...its about time .
So maybe I still have the blinders around, but I'm not sure that this is over yet (everything lost). I haven't made my mind up on Rufus's guilt, but I do feel that David Perley is a snake and that either Mike Alexander is too, or was really used by DP. I'm leaning toward the snake moniker for him though.
My question is...can someone summarize the red flags and explain what we should have known about with each one? I don't doubt most all of us leaned toward the answers to the red flags that fit into us making money, but I seem to remember most of the answers making pretty good sense. The only real red flag I can remember (that should have really hit home) was the toxic financing deal with AJW, but I can't remember at what point that came out. That whole deal also seemed to be lost once the merger was done and became a gray matter in and of it self.
Another point I'd like to make...I think we can all agree that NSS exists and I think most of us can agree that it was part of CSHD. So, even if the bonds and all of that was made up, is there not still illegal money out there that needs to be returned to us?
As 10 stated earlier...I just hope there is some closer with this one way or the other.
BASHER! Go away!!
j/k I think I remember that
Posts: 2308 | From: Michigan | Registered: Jun 2006
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posted
Damn it Tex, you had to post that link didn't you. I just read through way more of that than I'd like to admit. Wasted a good chunk of my evening
Although I learned a hell of a lot from that thread, not just about FHAL/CSHD, but about a lot of the posters and ex-posters here. Very interesting stuff.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
LOL. Honestly I have no idea who it was that said stuff to me, and I have no desire to know. I do know that had it happened now, and not last fall/summer, I would have been MUCH more "inquisative", at the risk of being attacked mercilessly, because I'm at the point in my tenure at Allstocks that I feel comfortable with my take on stocks, be it from DD, instinct, whatever. Can't say I would have been able to "save" anyone, but I would have tried my damndest.
BASHER! Go away!!
j/k I think I remember that [/QUOTE]
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Just catching up and have read several good posts!{some not so good, you know who you are}
Wally, I liked how you reminded some that there is more than one person to blame.
I really feel sorry for all that have lost a lot of money on this. Rememeber that old saying: Don't put all of your eggs in one basket?
My hope's and prayer's are for all to be healthy and happy { and maybe a little wiser when it comes to penny stocks} This has been my first in penny stocks and what a ride it has been!!!
Posts: 360 | Registered: Aug 2006
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posted
LOL...thanks alot Tex...I started reading the old thread...BUT I found my first post on this stock that said to protect you capital...at around .30...(which I had already done...) It brings back some old memories...that's for sure...
posted July 12, 2006 03:04 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by Free Muney: are you all just optimistic because your all invested? I am in at .105 and am considering selling at .31 to recoup my principal and ride the rest... does everyone feel like the breakout should continue? --------------------------------------------------------------------------------
Always protect your capital! If you leave some for another ride...it's all Profit after that!
GLTY!
AND Tex...using { } "looks" prettier...AND this is allstocks...most things are "odd"...j/k
Hi Stock Momma!
-------------------- #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'm just a bad typer! Wouldn't know my azz from a hole in the ground if it wasn't for allstocks!
I never communicated thru a computer until I got up enough nerve one day to post after lurking for weeks. At least I don't do one finger at a time anymore LOL
Posts: 360 | Registered: Aug 2006
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posted
Tex, in hindsight, I guess I can see some red flags, but I'm wondering what we should have seen as a red flag in that PR (or anywhere) back then before we knew what we know now...wait, do we actually really know anything now/yet?
I'm not trying to be difficult, I just want to learn as much as I can here. I've already paid enough tuition, I want something for my money!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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