quote:Originally posted by amswap: What is soon Ohio?
------------------------------------------ IMO in the next 2-9 days
everything is done, but the finality of the #'s to the public, then it will go off !!!!!!
too may good things have been in the works, and this is basically a real estate company( a mini REIT), all transactions are public and recorded...NO B.S. like most other penny plays, it's much harder to fudge assets in real estate
this is a great stock to hold while playing the commodity stocks, and still not too late to buy at a great price.
again these companies had combined assets stated in early March at .64 per share, and many good things have happened since!!!
(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
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posted
New list of officers Everything falling into place
LOFTWERKS INC.
Business Entity Information
Status: Active on 5/9/2006 File Date: 4/19/2005 9:13:58 AM Type: Domestic Corporation Corp Number: E0226382005-5 Qualifying State: NV List of Officers Due: 4/30/2007 Managed By: Expiration Date:
Resident Agent Information
Name: CRA OF AMERICA, INC. Address 1: 3638 N. RANCHO DRIVE Address 2: SUITE 6 City: LAS VEGAS State: NV Zip Code: 89130 Phone: Fax: Email: Mailing Address 1: Mailing Address 2: Mailing City: Mailing State: Mailing Zip Code:
View all business entities under this resident agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 500,000.00 Par Share Count: 500,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
Secretary - LESLIE A BUDWAY Address 1: 3638 N RANCHO Address 2: City: LAS VEGAS State: NV Zip Code: 89130 Country: Status: Active Email:
Treasurer - LESLIE A BUDWAY Address 1: 3638 N RANCHO Address 2: City: LAS VEGAS State: NV Zip Code: 89130 Country: Status: Active Email:
President - LEO JOSEPH MELOCHE Address 1: 3638 N RANCHO Address 2: City: LAS VEGAS State: NV Zip Code: 89130 Country: Status: Active Email:
Director - STEVE SULJA Address 1: 3638 N RANCHO Address 2: City: LAS VEGAS State: NV Zip Code: 89130 Country: Status: Active Email:
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posted
Tech MMs sale shares they dont have hoping the price will drop and they can buy the shares at a lower price. If the price continues to rise like LFWK from .002 MMs will be forced to buy the shares at a higher price. Moving to a higher exchange with audited financials should force MMs to cover(squeeze). The pps should rise accordingly. imho
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quote:Originally posted by amswap: What is soon Ohio?
------------------------------------------ IMO in the next 2-9 days
everything is done, but the finality of the #'s to the public, then it will go off !!!!!!
too may good things have been in the works, and this is basically a real estate company( a mini REIT), all transactions are public and recorded...NO B.S. like most other penny plays, it's much harder to fudge assets in real estate
this is a great stock to hold while playing the commodity stocks, and still not too late to buy at a great price.
again these companies had combined assets stated in early March at .64 per share, and many good things have happened since!!!
quote:Originally posted by tgif: Tech MMs sale shares they dont have hoping the price will drop and they can buy the shares at a lower price. If the price continues to rise like LFWK from .002 MMs will be forced to buy the shares at a higher price. Moving to a higher exchange with audited financials should force MMs to cover(squeeze). The pps should rise accordingly. imho
posted
Don't know if anyone saw this, this morning, but I thought it was worth posting. They know something is coming up VERY soon like ohio trader stated!!! Best to all!!!
LOFTWERKS INC Quick Quote: LFWK
bellwetherreport.com: The Bellwether Report issues an update on LoftWerks, Inc following their recent developments 5/10/2006
May 10, 2006 (M2 PRESSWIRE via COMTEX News Network) -- LoftWerks, Inc (OTCPK:LFWK), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscriber's cutting edge research tools, and second to none customer service.
LoftWerks, Inc engages in the development, rental, and sale of lofts primarily in Detroit, Michigan., announced on Friday morning that it will file its Form 10 registration for the NASD OTC bulletin board with the Securities and Exchange Commission within the next 14 business days.
With the announcement of the completed merger and audited financials, Loftwerks has positioned itself for the Form 10 filing.
LoftWerks (LFWK) intends to respond to all comments from the SEC in a timely manner in order to become a fully reporting Company. The Company's Attorneys and Certified Public Accountants are experienced in the exchange move process and are ready to expedite it. LoftWerks (LFWK) management feels that the filing will provide the investing public with current information on its business activities and performance.
CEO Steve Sulja commented: "Months of hard work are finally yielding the filing for Loftwerks first exchange registration filing. The process has been challenging and rewarding for all involved. The document filing will be our best work yet in achieving the shareholder value and recognition for the projects we have acquired."
LoftWerks, Inc has enjoyed a nice steady run since the day of this announcement as investors see the value in this micro-cap company.
Currently this company is trading up another 6.0% on huge volume as the company trades between $0.03 and $0.037. I feel this company is finally getting some where as management seems very please with the work done which should hopefully lead to increase share holder value. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
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quote:Originally posted by shomethamoney: Ohio - I have a couple of questions.
Since LFWK is going to list for OTC will we possibly see a true price of value given the numbers that they put in? Will the share price reflect?
Would you consider this a long term hold (more than a year) in your opinion?
-------------------------------------------------
yes, based on the market when final numbers are released, it will adjust accordingly.
IMO
will it go to .64 short term, no, but could easily hit between .10-.25 range if the numbers are inline with their prior projections
long term ( with pennies as we all know that can change in your next breath,lol) yes (holding onto at least1/4-1/2 of your position)assuming it goes up in the range of .10 and higher, i will take profit no doubt, and probably get myself into a position of riding free shares and profit....
again i like this cause its a real estate play ( and right now there are a lot of good buying opportunities for LFWK's), real estate deals are recorded, AGAIN harder to fudge assets
MM's picked up alot of cheap shares and got some themselves out of their naked short holes in the last month...a good base was established and news is COMING!!!
posted
Thanks Ohio - great post - I am going to try and some free ones myself - actually try and flip some along the way after the first wave. Thanks again!!!
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