quote:Originally posted by explorer186: I believe that if my suspicions are correct, this will reach a penny in time. You could sell immediately after it resumes trading again for a huge loss, but the MM's can double back at you and start taking her up.
I've noticed this term: "MM's can double back at you..."
What does that mean? never heard/seen that term before....
posted
I got shot through a space not long ago, I thought I knew the place so well. It wasn't the same, now it goes to show, Sometime you never can tell. I'm lookin' high and low, don't know where to go, I got to double back, my friend. The only way to find, what I left behind I got to double back again, double back again. You know I'm movin on in this fine machine, Rollin' on through the night. Seein' things like I've never seen And it's taking me outta sight. Lookin' high and low, don't know where to go, I got to double back, my friend. The only way to find, what I left behind I got to double back again, double back again. It's got me up and down, I been lost and found, Down in a deep dark hole. Looks like my luck has changed, I been rearranged And I'm coming out on a roll. Lookin' high and low, don't know where to go, I got to double back, my friend. The only way to find, what I left behind I got to double back again, double back again.
-------------------- ^..^ Posts: 3897 | From: New York | Registered: Jan 2004
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quote:Originally posted by explorer186: I believe that if my suspicions are correct, this will reach a penny in time. You could sell immediately after it resumes trading again for a huge loss, but the MM's can double back at you and start taking her up.
I've noticed this term: "MM's can double back at you..."
What does that mean? never heard/seen that term before....
It means they can induce your nervous tendancy to sell then bring the price back up hoping you buy because you think a reversal has occurred... then drop the price and hope you sell again... This is the theory anyway. Not exactly how it works. The stock market is based upon free market design... supply and demand... and more evolved with the advent of the modern day computer and internet... Charts. Every downtrend has price pops along the way and every surge has drops along the way.
-------------------- Spend Word For Word With Me And I Shall Make Your Wit Bankrupt Posts: 161 | From: Here | Registered: Jul 2005
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I've send the following to the NASD and SEC. I'm posting in the MDGM used to be UDVE thread. It seems that we have a common element in both your and my story.
**************************
Subject : Complaint UDVE/ MDGM Date : 08/21/2005
To :
Mr. Aldins Lapins -
Branch Chief Office of Investor Education and Assistance Securities and Exchange Commission
Cc :
Ms. Patricia A. Clem -
Assistant Director Market Regulation NASD, Inc.
Dear,
Your name was given to me by the NASD. I already had filed a complaint/tip with your organisation end July and I am unaware if this is currently being handled (ref. your discretion clause).
I found out this weekend that Mr. Doherty was involved in Greyfield (GRYF) as well. This stock seems to be currently under SEC investigation. So Mr. Doherty has/had besides his activities in mining as well something going on in cars. Makes you wonder what else will follow.
*July 5, 2005 Greyfield Announces Resignation of Robert Doherty
Greyfield Capital, Inc. (Pink Sheets:GRYF) announces the resignation of Robert Doherty, effective from July 1st, 2005.
The new management team at Greyfield Capital will strive to have an open relationship with all of its shareholders. A number of innovative initiatives will now be launched. Within the next few weeks, the company will activate an investor relations hotline and shall also initiate the hiring of an outside investment relations firm to increase investor awareness of the company.
********************* I found this relevant enough to mail to you.
In addition I would like to state that as a shareholder, I have written Mr. Doherty and MDGM on several ocassions mails. Mr. Doherty replied with a standard message somewhere mid July and has not replied any further questions I have asked him. MDGM management : no reply. I assume that both parties do not wish to interact with their shareholder.
This leaves me to conclude that my only hope on getting clarification if I will recieve my+ $25000 cash dividend and if I'm entitled to claim that I owe + 1.4 % of the former UDVE company is via your organisation. I hope you find enough elements in my communications (and probably, referring to some posts I saw on messageboards, some complaints from other shareholders) to investigate the UDVE/ R. Doherty/ MDGM story.
posted
UDVE/MDGM and GRYF were owned by the same guy.
MDGM went fron 20 MM shares to 44 MM after their audit...Stay away from this guy Robert Doherty, president of United Development International. Seems like he is a crook
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
UDVE/MDGM and GRYF were owned by the same guy.
MDGM went fron 20 MM shares to 44 MM after their audit...Stay away from this guy Robert Doherty, president of United Development International. Seems like he is a crook
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
You could say that or better would be to say is nothing going on. This was suspended and under investigation. It has not traded yet as there is no market for it. MM's are not touching it.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
I had a long offensive post for you BuyTex, but decided it is better that I just ignore your nonsensical questions and remarks about my posts. Next time you can't understand one of my posts, go and try to understand it yourself; don't expect me to help you because for the most part I won't. The Internet is a big place you know.
[BTW for those who are curious, this guy likes questioning my posts, because I made an innocent mistake on a NNNC thread one time]
Posts: 1468 | Registered: Jul 2005
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posted
lol, explorer, your "innocent mistake" was misreading a post--several times, even after having it pointed out repeatedly... But then you wouldn't stop there; you proceeded to post out-n-out rude, temper-tantrum insults. *Plus,* the guy you picked to be rude to is someone who has helped literally hundreds of traders here...Re-read the thread, dude. You'll see where I tried to steer it away from a confrontation...yet you *insisted* on belligerence to a point way past embarrassing...
OK, it happens, and I see you just joined...so with benefit of the doubt, I asked you a question on a completely unrelated thread. As I recall, the question was about a term that you used, which I had never heard before. You didn't answer, someone else did. OK wid dat...You had a chance to help somebody, and you refused. OK wid dat, too.
Cuz you're right, the 'Net is big...
Yet, this board is for big people. Newbies welcome. Rude folk? Not so much...
However, it *is* a point in your favor that you decided against the "long, offensive post." Promising...suggest you steer toward that path...
As for my nonsensical posts? Wonder why my PM box stays nearly full, day after day?
On your promise to ignore me? To paraphrase Sensei Keith: FULL STEAM AHEAD!
posted
For the record, I'm completely against his claims against me. Now let's move on with our lives.
Let's talk GRYF. Has anyone experienced a halt in a security before? How long does it normally take before it starts trading again?
Posts: 1468 | Registered: Jul 2005
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posted
Hey explorer, pickin fights with TEX is jsut stupid. He's got a lot more friends here than you do. Ya trackin? It's a fight you can't win man. Your best bet is to let it die.
-------------------- If it wasn't for bad luck I'd have no luck at all. Posts: 1529 | From: Tacoma WA | Registered: Apr 2005
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ha oh haaa..."for the record" YOU called ME out--now you see the hole you've dug for yourself and hope it goes away...who's your favorite band: Cheap Trick?
Ok, let's talk stock--was this "halted" or suspended?
posted
Hilander, thanks, but I ain't fighting. lol, you've *seen* me fight We been in some tough ones... Explorer? My gut instinct is he's simply misguided and stepped in a hole with Sensei Keith and doesn't know how to fix it...
did you see that 'gold' alias today? funny chit...
posted
Unf'ing believable. Hilander do you think sprucing up BuyTek's ego more is appropriate right now. Did my last post not give the impression I wanted to let things go! Do you aholes always have to have the last word? Thanks for supporting this guy's illusion that I'm in a hole! NOT! LET IT GO PEOPLE!
This time I'm laughing at you BuyTex. LMAO! LMAO! I thought you might point out that "halted" and "suspended" are not the same. The reality is they are used interchangeably, and no one really cares. Thanks for pointing out the meaningless again.
Posts: 1468 | Registered: Jul 2005
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posted
Wasn't trying to spruce up anything man, just trying to help. Don't need to spruce Tex's ego, he doesn't need it. Lettin it go man, but like I said before, just trying to help avert a pissing match.
-------------------- If it wasn't for bad luck I'd have no luck at all. Posts: 1529 | From: Tacoma WA | Registered: Apr 2005
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posted
Listen Hilander, I bow down to the right only and not someone's perceived status. If he chooses to attack me, ignoring him isn't equivalent to saying I'm not worthy to defend myself and defeat him. There are more worthwhile discussions than quibbling, and I’ll behave as such, but I’m not sure about BuyTex who seems very childish if I might add.
Posts: 1468 | Registered: Jul 2005
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posted
Actually, it's not a pissing match. I don't want newbs thinking a halt = suspension.
Ex, ain't attacking you: YOU called ME out...
meaningless? the distinctions? ooo-boyy...laugh all you want, it's a major difference, and significantly affects its chances for trading...
lol, my ego, is hardly the point
as is (despite my respect for Hilander: we've fought back-to-back for integrity on the board) Hilander's assertion about the number of "my friends." That does not matter.
In my encounters with you?
You have attempted to insult a major player and benefactor of this board.
You have refused to answer innocent questions about terms you use.
You have called me out.
You have contributed to misinformation re "halted" and "suspended," which is a major disservice in your equivocation, as newbies might easily decide the terms are synonomous; yet, a given stock's future is decidely different following a suspension.
You are sadly mistaken that "know one cares."
The "unf'ing believable" part: Hilander is dead-on right about that--that's why I do have friends. I care about the distinctions...
DOH! what happened to your pledge to ignore me, lol?
posted
BuyTex I see you have the same writing techniques as a basher. I wonder if you've ever been employed as one.
I will continue to use the word halted, until it stops being the norm. Should I be questioned as to the manner I use the word, I will simply reply I use it in its dictionary meaning. I notice you enjoy disrupting boards just for the sake of it. Don't you?
Posts: 1468 | Registered: Jul 2005
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posted
Trading Halts and Delays Securities exchanges, such as the New York Stock Exchange (NYSE) and American Stock Exchange (Amex), as well as the Nasdaq Stock Market, have the authority to halt and delay trading in a security. A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day.
There are two types of trading halts and delays—regulatory and nonregulatory. The most common regulatory halt and delay happen when a company has pending news that may affect the security’s price (a "news pending" halt or delay). By halting or delaying trading, market participants can have time to assess the impact of the news. Another type of regulatory halt happens when a market halts trading in a security when there is uncertainty over whether the security continues to meet the market’s listing standards. When a regulatory halt or delay is imposed by a security’s primary market, the other U.S. markets that also trade the security honor this halt.
Nonregulatory halts or delays occur on exchanges, such as the NYSE and Amex (but not on Nasdaq), when there is a significant imbalance in the pending buy and sell orders in a security. When an imbalance occurs, trading is stopped to alert market participants to the situation and to allow the exchange specialists to disseminate information to investors concerning a price range where trading may begin again on this exchange. A nonregulatory trading halt or delay on one exchange does not preclude other markets from trading this security.
You can find out what stocks have had their trading halted on the NYSE, Amex, and the Nasdaq Stock Market, as well as on the OTC Bulletin Board.
The SEC does not halt or delay trading in a security for news pending or order imbalances, but it can suspend trading for up to ten days and, if appropriate, take action to revoke a security’s registration. For more information about the SEC’s authority to suspend trading in a security, please read "Trading Suspension! When the SEC Suspends Trading in a Stock" in our Fast Answers databank.
posted
Give it up explorer, He's RELENTLESS, when it comes to making distinctions (thats why this is the number one place for a newb to go and get reliable info.) and to make a minor distinction that is not pumping ego's, thats just the facts. go on about your business and have a happy day!
-------------------- "There is only one good, knowledge, and one evil, ignorance" (Socrates, 470-399 BC) Posts: 406 | From: Michigan | Registered: Jul 2005
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posted
Thanks for the clarification madmoney, but I'm afraid I'm going to have to sear you on the DDSI board. Maybe tomorrow if I see it's still necessary. LOL I'm done. GN all.
Posts: 1468 | Registered: Jul 2005
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quote:Originally posted by explorer186: Thanks for the clarification madmoney, but I'm afraid I'm going to have to sear you on the DDSI board. Maybe tomorrow if I see it's still necessary. LOL I'm done. GN all.
just trying to put it to rest explorer186, as for ddsi, not overly impressed with the filing that was posted but to be honest i have not yet read the actual filing, just the post. will correct if needed. GN.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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quote:Originally posted by explorer186: BuyTex I see you have the same writing techniques as a basher. I wonder if you've ever been employed as one.
I will continue to use the word halted, until it stops being the norm. Should I be questioned as to the manner I use the word, I will simply reply I use it in its dictionary meaning. I notice you enjoy disrupting boards just for the sake of it. Don't you?
a BASHER! yaaa haaa
omg, you remind me of "bernard" in the movie "Billie Jack."
forget the dictionary, man. I use the dictionary when editing...
ooo hoo haa yAAA! do you think CEOs of suspended stocks look in the dictionary and then put out a PR saying they've only been halted?
puh-leeze tell me you're an alias for an old friend who's pulling my leg--you simply can't be serious....
quote:Originally posted by madmoney: Trading Halts and Delays Securities exchanges, such as the New York Stock Exchange (NYSE) and American Stock Exchange (Amex), as well as the Nasdaq Stock Market, have the authority to halt and delay trading in a security. A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day.
There are two types of trading halts and delays—regulatory and nonregulatory. The most common regulatory halt and delay happen when a company has pending news that may affect the security’s price (a "news pending" halt or delay). By halting or delaying trading, market participants can have time to assess the impact of the news. Another type of regulatory halt happens when a market halts trading in a security when there is uncertainty over whether the security continues to meet the market’s listing standards. When a regulatory halt or delay is imposed by a security’s primary market, the other U.S. markets that also trade the security honor this halt.
Nonregulatory halts or delays occur on exchanges, such as the NYSE and Amex (but not on Nasdaq), when there is a significant imbalance in the pending buy and sell orders in a security. When an imbalance occurs, trading is stopped to alert market participants to the situation and to allow the exchange specialists to disseminate information to investors concerning a price range where trading may begin again on this exchange. A nonregulatory trading halt or delay on one exchange does not preclude other markets from trading this security.
You can find out what stocks have had their trading halted on the NYSE, Amex, and the Nasdaq Stock Market, as well as on the OTC Bulletin Board.
The SEC does not halt or delay trading in a security for news pending or order imbalances, but it can suspend trading for up to ten days and, if appropriate, take action to revoke a security’s registration. For more information about the SEC’s authority to suspend trading in a security, please read "Trading Suspension! When the SEC Suspends Trading in a Stock" in our Fast Answers databank.
posted
Hope everything's better in the morning light. FYI explorer, I never saw Buytex bash, on the contrary, his posts are helpful to a newbies like me. But can we go back to the thread now? I'll even write 2 posts to separate this comment and what I have to say next.
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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First of all, The trading was suspended. Then GRYF came with a full disclosure, which might look good. I didn't do much DD on the disclosure and thought I would wait the outcome. Well, the outcome seems to be trading resumed on grey market only.
Now we have no PR from GRYF. The answering machine says "the suspension has been lifted, you will be kept informed". Well, it's been 3 weeks now and we have nothing. And the voicemail is full, we can't leave another message.
I decided to give a good look at the disclosure and noticed some things. Fisrt, there is a letterhead for Greyfield which says Herndon, VA and phone # are in area code 250. Well, VA is Virginia and never has the company said they were there (it was Nevada or Oregon). Then, the 250 area code is for British-Columbia. Why is it with an address in Virginia?
Also, all other phone # I could find in the disclosure are not working anymore, except the IR with the full voicemail.
I sent emails to info@autorama and to Dennis Hewins, the guy who sold Autorama to GRYF but was still working there. No answer so far. I even put a flag on it so I'll be warned when the message got read. Guess what, nothing! Ok, it can mean they deactivated the follow-up, but maybe they just didn't read my emails.
Then I call their T/A. Very nice lady. She told me she hadn't heard of GRYF since the suspension. She has no # to reach them. Nothing has change in the O/S and things like that. She heard that the dealership were still business as usual. She told me also that maybe the SEC delisted them from the OTC and this is why this is traded on the grey market. GRYF would have to reapply to be able to trade again on OTC.
Those were the facts. Now to my opinion. There i a lot of bad there. The suspensionj is lifted, but nobody heard from GRYF, even the T/A. Phone # are no longer working, except one with a full voicemail. It's possible no one read emails anymore.
The only good I see in this is GRYF gave a full disclosure (why would they do that if they were total fraud). The dealerships seem to be in operation.
Then, MAYBE they're trying to reapply to trade on OTC. That, we won't know. Can MMs give us that information?
This doesn't look good to us shareholders. But, I'm learning a lot and I'm sure it will help me on future investments.
GLTA!
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
No one ever said this was a total fraud...However they were very misleading. Go look into MDGM - used to be UDVE. These was also another mess created by the same guy behind GRYF, Robert Doherty. There are also a lot of the same problems. Like where are they actually located, why they do not answer the phone etc...same guy same trouble...Promised divies, then sold shell and disappeared.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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We been in some tough ones... Explorer? My gut instinct is he's simply misguided and stepped in a hole with Sensei Keith and doesn't know how to fix it...
