quote:Originally posted by Mike White: That because when you naked short you RARELY cover your position... You just hope the company goes under. I hope this is nto the case. Only time will tell...
=(
Not necessarily - if you're a hedge and naked short a stock into hell, you may try to cover your short as fast as you can, since your annualized profit will be higher. Why wait for a 100% profit for long time (until a company goes under), if you can make a quick 80 or 90% profit in a month?
IP: Logged |
quote:Originally posted by nyinvest: I'll preface this by saying that I am not very happy about the situation. I'm long and deep into this stock.
I'm going to, as hard as it is, wait for the end of the month. I'm trying to remove emotion from my thoughts which isn't easy. At this point in time, Ed is following exactly what he said he would do. Unfortuneately, this also means that he has done nothing that any of us can tell. If, by the end of the month there aren't answers, then it will be time to decide on a future course of action.
As hard as it is, I'm trying to give Ed the benefit of the doubt here. Maybe he is over his head with this. Maybe it's spiraled out of control on him. Maybe he doesn't know what to do. Maybe he is listening to people he shouldn't. Maybe he has something up his sleeve and it's setting up. I don't know. Maybe he's swindling the shareholders. That has to be considered. There are a lot of double edged swords out there for him. A R/S would do a lot towards clarification, but label him a swindler and liar.
If I was Ed, I would cringe every time the phone rang. I don't think he is getting anyone calling with support and encouragement. I'm sure that most calls are some variation of "you dirty scumbag swindler, what are you going to do for me!?!". I'm not going to judge him on being silent as I would likely do the same.
The reality of the situation is that most of us are powerless and can do nothing but sit and wait for the end of the month.
I still hang on to the hope that he has something spectacular up his sleeve for the end of the month. Everyone is expecting a man in a rowboat to humbly emerge from the fog bearing lies and false promises. I'm hoping that a battle ship emerges guns ablaze. I'm sure that a barage of data, news and answers would do wonders for this stock.
At the end of the month I will be ready to fall in line either with or against management. It's their choice as to which side I choose. If they are going to fight for ICAN, then everyone needs to simply support them. If ICAN goes to war over it's stock, then all the shareholders will need to be behind them. If it turns out otherwise, it will be a long slow and likely fruitless endeavour.
I completely agree with you, NYI. We do NOT have anything to prove that Ed broke his word about dilution - again, the volume may just be from hedge funds or MMs churning a large naked short position around to create the appearance of a lot of selling pressure, i.e. dilution.
Let's also keep in mind that with regards to what we can check out and what Ed can control - business deals, real estate, etc. - Ed has been right on target every time. Remember, the MMs control the PPS, not Ed.
IP: Logged |
quote:Originally posted by tupac: actually they were sells. Buys show up as green or blue on the t/s list. These all showed up red. I am just trying to help, I have been watching this stock and decided to stay out. Good luck.
Maybe they were, I don't have level II for pinkies. Probably were sells at sub .0001
IP: Logged |
quote:Originally posted by bmaxingout: ya ya i hear what you are saying but after listening to ed for months promising everything that he did it was hard not to beleive him. how could a ceo go on public record spouting off the the things that he did if he didnt mean. it normally i would have never invested some much into a pink company. and sorry about the f u thing and by the way its bmaxingout,....lol
Your exactly right there bmax and that is why I think Ed will be introuble. Ed was too good on his sell job, if this is a scam, because he ended up conning some investors that don't usually invest in pink sheets and have really deep pocket and are ready to get their money back at whatever means necessary.
Most of the time these CEOs that do scams, end up scamming us little guys that want to take our few bucks with promises to make million. Once we realize we were scammed we have no money to take the CEO to court because we are just poor schmoe's.
IP: Logged |
posted
well i think that by the end of the month if ed doesnt come clean ill be talking with my lawyer there has got to be some thing that we can do. this just isnt right. hopefully this is the work of the mm's and not ed time will tell.
IP: Logged |
posted
I hope Ed realizes he's pretty much on a deadline now. I'm with NYI though. We still don't know anything different except our stock is worth dik. I'm not freaking out until July. Then we can see what course of action we can, or need to take. Until then I think I'm just going to drink alot. LOL
IP: Logged |
posted
I agree. If July comes and there is nothing, I am going to talk to my lawyer about a resonable course of action. I also agree that until then I am going to drink a lot.
IP: Logged |
posted
I'm also upset about the situation, but the trading pattern just looks fishy.
Think about it: for about 1 hour, between 13:30 and 14:30 or so, the bid was at 0.0000, i.e. no interested buyers, not even for a single share. The ask was at 0.0002. And then just 1/2 hour later out of the blue, a buyer shows up who wants to buy 400M (!) shares at 0.0001. And just as miraculously, a seller wants to dump 400M shares at 0.0001. Looks like manipulation to me.
posted
i got only like 600 dollars or so invested ahah but yea ill be still pissed to loose money...ahah but i hope to make it up in pharmaceuticals anyway lol.
posted
I've been reading the board, I dont know why people keep talking about scam when ICAN has physical assets and generates revenues.
If Ed is scamming investors he took a mighty expensive route by accumulating assets. That doesn't make sense!
The mm's are f**cking with ED and ICAN. If they did naked short (which I believe they did) it is not in their best interest for the pps to go up. They're not going to let that happen, mm's are trying to bury this company and Ed. How else can you explain all the volume and no pop in pps!
Think about it for a minute, mm's are panic they're doing everthing they can to cover but not enough investors are selling. In fact the opposite is happening alot of icanian investor are adding to their position by the millions. Why else would so many investors have a hard time getting filled at .0001, I'll tell you why that is more they would have to cover. MM's are probably confused and scared at why people aren't unloading the stock.
The MM's can't allow ICAN to leave the pink's or they're done for. Correct me if I'm wrong in order for ICAN to goto the boards its o/s has to be under 3 billion.
Bottom line imho the mm's have no choice but to ruin ICAN at this point because they have nothing to gain and everthing to lose and Ed has to know this at this point. My advice is fight ED!!
p.s. At current pps Ed needs to worry about keeping control of his company it is very vulnerable at these prices. ------------------------------------- Boards don't hit back!
IP: Logged |
quote:Originally posted by B: I've been reading the board, I dont know why people keep talking about scam when ICAN has physical assets and generates revenues.
If Ed is scamming investors he took a mighty expensive route by accumulating assets. That doesn't make sense!
The mm's are f**cking with ED and ICAN. If they did naked short (which I believe they did) it is not in their best interest for the pps to go up. They're not going to let that happen, mm's are trying to bury this company and Ed. How else can you explain all the volume and no pop in pps!
Think about it for a minute, mm's are panic they're doing everthing they can to cover but not enough investors are selling. In fact the opposite is happening alot of icanian investor are adding to their position by the millions. Why else would so many investors have a hard time getting filled at .0001, I'll tell you why that is more they would have to cover. MM's are probably confused and scared at why people aren't unloading the stock.
The MM's can't allow ICAN to leave the pink's or they're done for. Correct me if I'm wrong in order for ICAN to goto the boards its o/s has to be under 3 billion.
Bottom line imho the mm's have no choice but to ruin ICAN at this point because they have nothing to gain and everthing to lose and Ed has to know this at this point. My advice is fight ED!!
p.s. At current pps Ed needs to worry about keeping control of his company it is very vulnerable at these prices. ------------------------------------- Boards don't hit back!
B: I completely agree - if Ed's intention was to screw us out of our money, why would he go through the trouble of creating all these assets? He could just say he has a miracle cure for cancer and take our money without all that effort!
Also, I looked up "listing requirements" for the OTCBB - there aren't really any:
"The OTCBB is not an issuer listing service, market or exchange. Although the OTCBB does not have any listing requirements per se , to be eligible for quotation on the OTCBB, issuers must remain current in their filings with the SEC or applicable regulatory authority. Market Makers will not be permitted to begin quotation of a security whose issuer does not meet this filing requirement. Securities already quoted on the OTCBB that become delinquent in their required filings will be removed following a 30 or 60 day grace period if they do not make their required filing during that time. A fifth character of "E" in a security's trading symbol is used to denote securities that the NASD believes are delinquent in their required filings; securities so denoted will be removed from the OTCBB after the applicable grace period expires. Note that an issuer can request review of the decision to remove the issuer’s securities by an independent hearings panel. Additional information regarding that process can be found in our FAQs. To provide evidence of compliance with the filing requirement, contact the OTCBB Issuer Filings Department. For more information regarding the eligibility requirements for the OTCBB, refer to Rule 6530. "
quote:Originally posted by going for gold: correct me if 'am wrong but i see 0.0002 on my screen
there sure is a 2 on your screen,correct me if im wrong but i think that they call that a up tick not sure though cause i havent seen one in a while,....lol
IP: Logged |
quote:Originally posted by kptmoe: what does all this mean for gods sake
omho it means nothing at least till next week when ed ungags the ta then maybe we could see a little pop. if what the ta tells us is good.then we will know what the o/s is.till then its all guess work
IP: Logged |
quote:Originally posted by kptmoe: what does all this mean for gods sake
omho it means nothing at least till next week when ed ungags the ta then maybe we could see a little pop. if what the ta tells us is good.then we will know what the o/s is.till then its all guess work
Yeah, don't be surprised though if it's after the holiday. Hopefully, we will know something soon. If he does ungag and and this mess starts to look like it's going in the direction of getting cleaned up, I think we see a huge pop. But, of course it's all ED's call now.
IP: Logged |
posted
well I was gone for a bit but glad to come back to see I am out of this mess!!!!
This is looking like a train wreck waiting to happen. I have sent him a request for his hotel booking in Pine Bluff and to try the connvention hall for a seminar. No reply. I sent him an owner financed hotel with 200 rooms near an airport and a franchisee tenant with a 2 yr lease left which could house a restaurant after the lease ran out. This is generating 1.5 million a year. NO reply. I called NO answer but an answering service.... I sent him a OTCBB shell which is fully reporting undervalued and a VERY attractive price tag which got me???? NO REPLY??
Hmmmmmmmm.... Thinking of developing a new board game and replace "Waldo" with ED.
posted
Well, I tried to address this once before and no one wanted to here it. The hotel business is not good right now. I was a GM for 6 years and I have a small percentage in a LLC of 13 hotels. They are expensive to run. My hotels made between 700K to 5.5 Million gross last year for the ones that I am involved with. Yet total between the 13 hotels we cleared 220K net with only 7 of the 13 making a real profit. The hotel and resturant business have tremendous overhead. There is no way it would be worth while for us to go public unless we were trying to rip off investors. I mean when you divide the profits between the 9 of us its not alot. Yes there were years in the bubble years we did great but the last 5 years have been real hard. People keep talking about they have real asset and thats rare for a pinksheet but with the potential here there is no way that profits to shareholder value amounts to nothing when your talking billions of shares. And thats why the price is here. It ran on a dream that the company pumped. We are going to give you shares in a OTCBB. No one cared about this company before then and since it has dropped, no one cares again.
quote:Originally posted by kptmoe: why wont people believe that there really is equity making money
-------------------- Invest with your brain not with your heart.
IP: Logged |
quote:Originally posted by Ric: Well, I tried to address this once before and no one wanted to here it. The hotel business is not good right now. I was a GM for 6 years and I have a small percentage in a LLC of 13 hotels. They are expensive to run. My hotels made between 700K to 5.5 Million gross last year for the ones that I am involved with. Yet total between the 13 hotels we cleared 220K net with only 7 of the 13 making a real profit. The hotel and resturant business have tremendous overhead. There is no way it would be worth while for us to go public unless we were trying to rip off investors. I mean when you divide the profits between the 9 of us its not alot. Yes there were years in the bubble years we did great but the last 5 years have been real hard. People keep talking about they have real asset and thats rare for a pinksheet but with the potential here there is no way that profits to shareholder value amounts to nothing when your talking billions of shares. And thats why the price is here. It ran on a dream that the company pumped. We are going to give you shares in a OTCBB. No one cared about this company before then and since it has dropped, no one cares again.
quote:Originally posted by kptmoe: why wont people believe that there really is equity making money
Ric, You've got a good point, however, and I may be wrong because we have not seen any financials, but there is real potential in this company if Ed is buying property and restraunts on the cheap. He could very well have locked in quite a bit of equity and have lower hotel bookings and still do well.
But this is just another possible scenario, we should soon find out. Personally, I hope you're wrong, I don't like being fooled.
-------------------- It's choice - not chance - that determines your destiny.
IP: Logged |
posted
it never was just the businesses for me it was the under valued realestate that had the ability to be brought up in value and be used as leverage wich could in turn pump pps imho
IP: Logged |
posted
Ric sounds to be dead on with his financial overview, but if you were going to buy hotels and restaurants you would want to buy them on the downturns.
I don't think ICAN is going to be a cash cow, but I think it will be profitable and be able to expand winning with some properties and losing with others. Oeverall, I think they can make a profit and that would be enough to justify ICAN's PPS well over the current .0001-.0002.
As for Ed. I would really being doing the same thing as he is in respect to contact. I can see him sitting there and basically saying "if you know so much about this, why aren't you doing it instead of me."
I have to imagine that he is getting a lot of free advise as to ICAN and probably about what he can do to himself. I doubt that any of it is helping and it may just push him to the point of saying to hell with it all as it's not worth the greif people are putting on him.
IP: Logged |
quote:Originally posted by nyinvest: Ric sounds to be dead on with his financial overview, but if you were going to buy hotels and restaurants you would want to buy them on the downturns.
I don't think ICAN is going to be a cash cow, but I think it will be profitable and be able to expand winning with some properties and losing with others. Oeverall, I think they can make a profit and that would be enough to justify ICAN's PPS well over the current .0001-.0002.
As for Ed. I would really being doing the same thing as he is in respect to contact. I can see him sitting there and basically saying "if you know so much about this, why aren't you doing it instead of me."
I have to imagine that he is getting a lot of free advise as to ICAN and probably about what he can do to himself. I doubt that any of it is helping and it may just push him to the point of saying to hell with it all as it's not worth the greif people are putting on him.
I don't know that this is putting much grief on Ed. I don't know too many CEO's but the ones I do know aren't at all interested in the stockholders, the analysts yes, but the actual stockholders who tend to give their advice doesn't seem to be much of their concern.
-------------------- It's choice - not chance - that determines your destiny.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
if 'am wrong but i see 0.0002 on my screen
