posted
double....unless you've been in a coma over the past couple days, you would have heard the news that magoo is a fake!
Posts: 346 | Registered: Jan 2004
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posted
I dont think that the article was released early. Several statements refer to "next month" which will be February. This is when certain business plans are suposed to go into effect. This is just a preview for all to read about whats to come.
This should generate some serious interest in the company!
But I wish JF would let us know how many subscribers there are.
posted
Ok..Ok... Now...when the new website is up, I hope that more allstockers get a membership. I assume that many of you dont have a game system, but I know 99% of you have a DVD player and DVD's will be availible immediately. There will be no excuse not to sign up now. Lets get this stock moving!
------------------
Join www.veegeez.com for 19.95/month. More memberships = higher revenues = higher pps
posted
I have been in a coma the last few days. Not so funny now are you. No realy I have not paid much attention to pghi I have buys in at .045 and .04 has not dropped that low. I will sell at 50% profit if it fills. Still not long on this one. But 50% is money in the bank.I would think if someone like magoo was real he would pull 30% and move on. So who was acting like a big shot? Anyone know I will read old post to see.
quote:Originally posted by delt16: double....unless you've been in a coma over the past couple days, you would have heard the news that magoo is a fake!
Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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posted
delt is this is the rumor part of "buy on rumor, sell on news"
quote:Originally posted by delt16: I dont think that the article was released early. Several statements refer to "next month" which will be February. This is when certain business plans are suposed to go into effect. This is just a preview for all to read about whats to come.
This should generate some serious interest in the company!
But I wish JF would let us know how many subscribers there are.
posted
I just copied this off the BLYC thread. If you guys haven't seen it yet, it is a must SEE!!
Walt
Issue Date: 01.24.04
**SPECIAL WEEKEND EDITION** IN THE MONEY: NASD Tightens Short Selling/Delivery Rule
By Carol S. Remond A Dow Jones Newswires Column
NEW YORK (Dow Jones)--Taking most market participants by surprise, the National Association of Securities Dealers has drastically tightened one of its rules governing short selling.
Known as affirmative determination, the NASD rule stipulates that brokers and dealers engaged in a short sale transaction must make sure that shares can be delivered by settlement time, three days later.
"We closed a loophole," said Steve Luparello, executive vice president of Market Regulation at NASD.
Until now, non-NASD members, like specialists, option markets and foreign brokers, weren't covered under the affirmative determination rule. That means that non-NASD members didn't have to represent to the NASD broker through which they conducted a short sale order that they would be able to deliver the stock by settlement date.
A short seller typically borrows stock from a broker to sell it into the market, betting that the share price will fall so that he can buy the stock back at a lower price and pocket the difference.
The amended NASD affirmative determination rule, which was recently approved by the Securities and Exchange Commission, will particularly affect short sales conducted through foreign brokers, most specifically Canadian brokers which have often been used by investors to sell short the stock of small U.S. companies trading on the Over-the-counter Bulletin Board or OTCBB.
Because it's often impossible to borrow the shares of companies trading on the OTCBB, investors and hedge funds looking to take negative bets on these often-overvalued development-stage companies have traditionally been trading through Canada where it's not required to borrow stock before selling it short. The practice is known as NAKED SHORTING. "It's part of (a broker's) supervisory responsibilities," NASD's Luparello said, adding that a non-member's previous failures to deliver should be a good indication of whether or not it will in fact be able to complete the transaction by the settlement date.
Market makers engaged in bone fide market making activities will continue to be exempt from affirmative determination.
Luparello said that, unlike a parallel SEC initiative to tighten short selling rules on the small-cap markets, the new NASD rules did not originate from worries over mounting failures to deliver stock into the national clearing system. But Luparello said the amended NASD rule fits nicely with the new short selling regulations now under consideration by the SEC.
"I think it addresses a gap and (shows) that we, like the SEC, are looking at a variety of things in this area," Luparello said.
The NASD proposal was first submitted to the SEC in November 2001, well before alleged abuses of naked shorting became the focal point of a campaign lead by some OTCBB companies in the U.S that say they have been victimized by the practice.
While some investors argue that short sellers provide a needed service to the markets, others have called for the complete abolition of short selling because of the undue pressure its puts on the shares of companies.
While market participants in the U.S. and abroad are well aware of the new short selling regulations being put forward by the SEC, known as Regulation SHO, most said they knew nothing of the NASD's plan before it became final.
"It's taken us by surprise," said Richard Thomas, head of compliance at Canadian brokerage firm Pacific International.
Although separate from it, the amended NASD rule fits tightly within the SEC's SHO which is now under review by the SEC staff after a period during which market participants were invited to comment on it.
As it stands, the new SEC short selling rules will make it easier to short large-cap stocks since they would do away with the "uptick" rule, which bans short selling on a stock when the price is falling.
But it when it comes to the small-cap markets, where it's often impossible to borrow stock, the impact of SHO will be the opposite, making it harder to short sale stock.
The new SEC rule sets a predetermined level of so-called clearing fails - cases in which a broker or investor cannot deliver stock within two days after settlement - which will trigger a 90-day blackout whereby the customer will not be allowed to short sell that security. That 90-day exemption would affect trading of U.S. securities in and outside the U.S.
The new NASD affirmative determination rule will take effect on Feb. 20.
[This message has been edited by newstockpicker (edited January 25, 2004).]
Posts: 178 | From: Albany, OR USA | Registered: Oct 2003
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posted
I take the money and run pull some cash and ride. I do not marry any stock except nsdm and I will sell all my shares for .20. I will sell anything for a nice profit. Truth is 99.9 % of otc and pinks never go anywhere but up and down. Are most scams yes. Can I make money on them yes.How many become 1.00 stocks very few. I try to make money of other peoples hope they will. When I get a ton of money I will marry some of them but untill then I will just use them. I am making money with my present plans. Why would I mess that up. I have done well selling for free shares. I try not to get holding the bag. One important aspect of me buying stocks is other people have to beleive in them. You guys do.It is not a real concern for me if the company makes it just if other investors beleive it will they will hold it up untill I make some money and look for my next play. Just the way I play. For everyone that makes money on a stock somebody losses money. Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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posted
I was watching live X games on tv today and actually think that would be a better avenue to pursue. Would fit right in with the LATE FEES SUCK slogan and market segment John seems to be after.
Think how much money Red Bull has made blitzing this type of market over the past couple of years.
Would also be a ton cheaper and allow more money to pursue other ideas.
"And now, Sal Masekela coming to you from Aspen, CO proud home of X-games IX, brought to you by the proud official sponsor of X-games IX - Veegeez.com "Late Fees Suck!" Take it away Jim....."there goes Zack Smidt doing a triple inverted sow cow mute grab off the super booter for a killer landing.' Unbelievable!!!!......
Anyway, just an idea I had.
Mike
quote:Originally posted by whymejc: It sure would be nice to get a 30 second spot during the Superbowl.
Regards
[This message has been edited by Wooter (edited January 25, 2004).]
Posts: 201 | From: Fraser, CO USA | Registered: Dec 2003
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posted
I agree that the X Games are more of the target audience that VeeGeez needs. Just hope that JF and VeeGeez.com feel the same way. I'm excited to see what kind of advertisments they come up with.
Posts: 171 | From: Juneau, AK, USA | Registered: Dec 2003
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posted
you guys have some great advertisements ideas... it wouldnt hurt to pitch em at JF (the ceo).. he is very responsive to investor emails.. talk to him about your ideas and give him more of a feel of the target audience.. ideas never hurt guys.. keep it up
Posts: 191 | From: Orange, CA | Registered: Jan 2004
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New Entry in Online Vid Race Sat Jan 24, 4:06 PM ET Add Movies - Reuters to My Yahoo!
By Jill Kipnis
LOS ANGELES (Billboard) - There's a new kid on the block in the online video rental world.
Gameznflix.com, owned by Franklin, Ky.-based holding company Point Group Holdings Inc. (PGHI), is launching next month with an offering of DVDs and videogames.
The service's business model is similar to that of Netflix, the leading online rental company based in Los Gatos, Calif. Users will pay a monthly subscription fee that enables them to receive DVDs or games through the mail. After a subscriber returns a title in an envelope with prepaid postage provided by gameznflix.com, another title from the rental selection list they have created is sent.
"This is a long-term project that will offer an alternative to Netflix," says John Fleming, CEO/president of PGHI. "We will crawl, then we will walk and then we will see about running into the future."
Netflix ended 2003 with about 1.5 million subscribers, a 74% increase over 2002.
Fleming says that the availability of videogames will differentiate gameznflix.com from such competitors as Netflix and walmart.com, which offer only DVDs.
A Netflix representative could not be reached for comment by press time.
PGHI already has established an online videogame rental service through its 18-month-old Web site veegeez.com, which will be incorporated into gameznflix.com next month. Fleming would not disclose how many subscribers use veegeez.com.
It currently distributes veegeez.com orders through centers in San Diego and Franklin. Fleming says two more distribution centers will open soon.
At launch, gameznflix.com will offer about 50 top DVDs and a full stock of videogames. According to Fleming, 99% of published videogames, including such older titles as "Pong," will be available for rent.
"It costs $50 to buy a game. The gamer beats the game or likes it or dislikes it and is over it in about two weeks and three days," Fleming says. "Now, they can rent it for $20 a month."
Fleming would not disclose what the monthly subscription fee for gameznflix.com will be, though its veegeez.com offers plans that range from $19.95 to $39.95. For example, the $19.95 plan allows users to have two titles rented at a time, while a $29.95 plan allows four rentals at a time.
Reuters/Billboard
[This message has been edited by stockguyDD (edited January 25, 2004).]
Posts: 191 | From: Orange, CA | Registered: Jan 2004
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posted
I posted this earlier, but it's a great idea that gamefly is already taking advantage of. Chack out the rent it button that someone can click on after reading a review of a game: http://gamerankings.com/htmlpages2/914890.asp
It links directly to their site and a free 2 week trial.
If someone does put together an e-mail to JF about advertising mention this to him. It would be better to put together a collective e-mail of all of our ideas for advertising and e-mail him. Rather than a bunch of smaller ones. I also think we really need to push to get some articles or interviews done by some of the bigger gaming sites.
[This message has been edited by nitroburn (edited January 25, 2004).]
[This message has been edited by nitroburn (edited January 25, 2004).]
Posts: 171 | From: Juneau, AK, USA | Registered: Dec 2003
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posted
I just went to the Gamefly site and saw that they also let you buy used games...i just thoguht how in the future Veegeez should let users be able to buy used or maybe even new games...it would make sense and just add another way for Veegeez to generate revenue
Posts: 29 | From: Grand Island, NY | Registered: Jan 2004
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quote:Originally posted by Drethar2: I just went to the Gamefly site and saw that they also let you buy used games...i just thoguht how in the future Veegeez should let users be able to buy used or maybe even new games...it would make sense and just add another way for Veegeez to generate revenue
posted
hey does anyone remember when IBZT's keyboard thingy had an article in the Boston Globe. Then the company sort of made a PR stating its article was in the BOston Globe and the stock flew up. Shouldnt PGHI do the same thing, post a PR probably (im not sure if it was a PR) saying that it was mentioned in Billboard.
Posts: 266 | From: Quebec | Registered: Oct 2003
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quote:Originally posted by newstockpicker: I just copied this off the BLYC thread. If you guys haven't seen it yet, it is a must SEE!!
Walt
Issue Date: 01.24.04
**SPECIAL WEEKEND EDITION** IN THE MONEY: NASD Tightens Short Selling/Delivery Rule
By Carol S. Remond A Dow Jones Newswires Column
NEW YORK (Dow Jones)--Taking most market participants by surprise, the National Association of Securities Dealers has drastically tightened one of its rules governing short selling.
Known as affirmative determination, the NASD rule stipulates that brokers and dealers engaged in a short sale transaction must make sure that shares can be delivered by settlement time, three days later.
"We closed a loophole," said Steve Luparello, executive vice president of Market Regulation at NASD.
Until now, non-NASD members, like specialists, option markets and foreign brokers, weren't covered under the affirmative determination rule. That means that non-NASD members didn't have to represent to the NASD broker through which they conducted a short sale order that they would be able to deliver the stock by settlement date.
A short seller typically borrows stock from a broker to sell it into the market, betting that the share price will fall so that he can buy the stock back at a lower price and pocket the difference.
The amended NASD affirmative determination rule, which was recently approved by the Securities and Exchange Commission, will particularly affect short sales conducted through foreign brokers, most specifically Canadian brokers which have often been used by investors to sell short the stock of small U.S. companies trading on the Over-the-counter Bulletin Board or OTCBB.
Because it's often impossible to borrow the shares of companies trading on the OTCBB, investors and hedge funds looking to take negative bets on these often-overvalued development-stage companies have traditionally been trading through Canada where it's not required to borrow stock before selling it short. The practice is known as NAKED SHORTING. "It's part of (a broker's) supervisory responsibilities," NASD's Luparello said, adding that a non-member's previous failures to deliver should be a good indication of whether or not it will in fact be able to complete the transaction by the settlement date.
Market makers engaged in bone fide market making activities will continue to be exempt from affirmative determination.
Luparello said that, unlike a parallel SEC initiative to tighten short selling rules on the small-cap markets, the new NASD rules did not originate from worries over mounting failures to deliver stock into the national clearing system. But Luparello said the amended NASD rule fits nicely with the new short selling regulations now under consideration by the SEC.
"I think it addresses a gap and (shows) that we, like the SEC, are looking at a variety of things in this area," Luparello said.
The NASD proposal was first submitted to the SEC in November 2001, well before alleged abuses of naked shorting became the focal point of a campaign lead by some OTCBB companies in the U.S that say they have been victimized by the practice.
While some investors argue that short sellers provide a needed service to the markets, others have called for the complete abolition of short selling because of the undue pressure its puts on the shares of companies.
While market participants in the U.S. and abroad are well aware of the new short selling regulations being put forward by the SEC, known as Regulation SHO, most said they knew nothing of the NASD's plan before it became final.
"It's taken us by surprise," said Richard Thomas, head of compliance at Canadian brokerage firm Pacific International.
Although separate from it, the amended NASD rule fits tightly within the SEC's SHO which is now under review by the SEC staff after a period during which market participants were invited to comment on it.
As it stands, the new SEC short selling rules will make it easier to short large-cap stocks since they would do away with the "uptick" rule, which bans short selling on a stock when the price is falling.
But it when it comes to the small-cap markets, where it's often impossible to borrow stock, the impact of SHO will be the opposite, making it harder to short sale stock.
The new SEC rule sets a predetermined level of so-called clearing fails - cases in which a broker or investor cannot deliver stock within two days after settlement - which will trigger a 90-day blackout whereby the customer will not be allowed to short sell that security. That 90-day exemption would affect trading of U.S. securities in and outside the U.S.
The new NASD affirmative determination rule will take effect on Feb. 20.
[This message has been edited by newstockpicker (edited January 25, 2004).]
------------------
Join www.veegeez.com for 19.95/month. More memberships = higher revenues = higher pps
posted
Is anybody concerned about how none of our recent pr's ever hit the streaming news. I have Ameritrade and none of the pr's ever showed up there. Watt's up!
Posts: 142 | Registered: Sep 2003
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posted
ct, i for one am definately concerned about that.. unfortunately, this will never change unless JF gives Market Wire the boot.
Posts: 128 | From: New York | Registered: Dec 2003
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posted
To tell you the truth I could care less. More important to me is the fact that there is actual news to have a press release about. Everything else is semantics to me. Sure it would be better in the short term for the PPS but more important in the long run is that something is actually happening to warrant a PR. I am sure John understands there has been problems getting the PR's out and will fix these in due time.
Let me put it this way, given two choices which would you rather see: A) Your favorite football team wins the Superbowl but you are in a submarine and don't hear about it until two days later.
or
B) You watch the Super Bowl on tv and see first hand your team losing.
Of course ideally you would rather attend the Super Bowl and witness first hand your team's victory, but given either of the other choices you would take choice A everyday of the week.
The big picture to me is that we are going to HAVE DVD's, a new marketing agreement and a great looking website, SOON. I think this is a great idea for a business with a viable and real market. The PR release mini-snafu is lower down on my totem pole.
quote:Originally posted by ct1074: Is anybody concerned about how none of our recent pr's ever hit the streaming news. I have Ameritrade and none of the pr's ever showed up there. Watt's up!
Posts: 201 | From: Fraser, CO USA | Registered: Dec 2003
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