posted
great news guys, like u all said the ppl who r taking profits will take their profits but once those shares set again we will have ourselves another 100%+ squeez! i think today we will close around .05 .052, and tomorrow we should see the .10 to...who knows what lol! Thats what i think at least but we shall see! GL
-------------------- Greed has turned me to the Dark Side. Posts: 89 | From: Fullerton CA | Registered: Mar 2006
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posted
well they did a good job of holding this one down today but we did 21M between .037 and .047 today. Hopefully most profit taking is finished and all those left will be holding for .10 +
Posts: 908 | Registered: Dec 2004
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posted
ya but 2 b honest, everyone knows that there is going to b profit taking that either holds the stock at a minor + or slight negative after a week or more of green. Now everyone hopes that that wont happen and hopes it will b green all the time but reality is is that there is always going to b profit taking. im kinda glad that it was today so that we can move onto the .10 range! GLTA!
-------------------- Greed has turned me to the Dark Side. Posts: 89 | From: Fullerton CA | Registered: Mar 2006
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posted
this stock is about to explode evenmore than it has. they are exposing their shares structure and basically calling the shorters out. look for a squeeze soon or jail time.......either one
Posts: 205 | Registered: Dec 2005
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posted
Has somebody any idea at what pps the shorts are covered......... if there are no shares to cover.
Posts: 425 | From: NL | Registered: Jun 2005
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posted
LFWK Clarifies Information on Previous Press Release Mar 10, 2006 11:53:00 AM NASHVILLE, TN -- (MARKET WIRE) -- 03/10/06 -- LoftWerks, Inc. (OTC: LFWK) today announced information to clarify yesterday's press release; particularly information regarding shareholder distributions that were enumerated on the second half of the previous announcement. That portion of the announcement should read as follows:
Also, LFWK disclosed its share distribution; a request by Consultech aimed at providing shareholders as complete a disclosure as possible prior to finalizing the LFWK vehicle takeover. The shareholder ownership as described is as follows:
-- 500,000,000 authorized -- 100,000,000 control block held by Ammerman -- 200,000,000 in Treasury earmarked for Consultech ownership during and after takeover -- 50,000,000 in certificate form, owned by enumerated insiders and NOT TRADING. -- An additional 78,000,000 owned in various certificate and electronic form that is also held by LFWK insiders and accounted for as not currently trading. -- Leaving approximately 72,000,000 free-trading shares in the public float (50M of which can be accounted for by LFWK management as issued to non-insiders). Additional Information: 60 Million of the free trading float can be accounted for by LFWK management as issued to non-insiders. Insiders held more than 22 Million shares of the free trading float, leaving the public float as a negative number to date.
A spokesperson for Consultech Construction Management concurred with this tabulation and stated that it was an accurate and reasonable reflection of LFWK current share structure.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise Its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Posts: 908 | Registered: Dec 2004
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"Additional Information: 60 Million of the free trading float can be accounted for by LFWK management as issued to non-insiders. Insiders held more than 22 Million shares of the free trading float, leaving the PUBLIC FLOAT AS A NEGATIVE NUMBER to date."
Posts: 908 | Registered: Dec 2004
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posted
So what they are saying is that they know 82M of the 72M float is locked up...So where are the shares coming from??? the answer is why I am here...
Posts: 908 | Registered: Dec 2004
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posted
PUBLIC FLOAT AS A NEGATIVE NUMBER...Tis a beautiful thing. There is only up with this info. This has a loooong way to go. I can't believe I gave up so much money selling a few weeks back. Back in to waiting for .10
Posts: 421 | From: Florida | Registered: Mar 2005
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quote:Originally posted by $WiseOldMan$: hmm dont understand why we have shares then but oh well, i have them and thats all that matters lol. Come on baby!
The MM's have been shorting this (selling shares that do not exist). That's the whole point of what's happening here and why it's going up and so so strong right now. They are trying to cover.
Posts: 421 | From: Florida | Registered: Mar 2005
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posted
All i can say that it says that insiders "held" 22 millionn, not holding. so those shares r still being traded and maybe that how we got our shares? i dunno it seemed as though even the CEO was unsure of how the volume was soo high lol. GL guys and lets see more green!
-------------------- Greed has turned me to the Dark Side. Posts: 89 | From: Fullerton CA | Registered: Mar 2006
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posted
Having a hard time getting over that .05 hump. May not get there until Monday. When it does though, it should be fast as a shark to a dime. Posts: 421 | From: Florida | Registered: Mar 2005
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posted
The volume here in the .04's the past 2 days has been impressive...especially considering there is no float.
Posts: 908 | Registered: Dec 2004
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posted
This is some good stuff in answer to wise's earlier question...
Posted by: rrufff In reply to: None Date:3/10/2006 2:29:16 PM Post #of 8249
I've gotten about 50 messages on SI and here. This whole thing is very difficult to understand. People don't understand how someone can buy shares even if they don't "exist." They do exist.
I'm going to put a few of my posts over here so I have it one place.
The problem with our current system is that nobody knows who has the "real" shares. If the company is in position to know that its insiders owns 100% of the shares, then they are in the unique position to put pressure on MM's.
It's a high stakes POKER game and one side now claims to have all the chips.
MM's will have to decide if they want to take relatively small losses now or will they try to finesse it, with the risk that they have to cover at .10 or .25 or even higher. Posted by: rrufff In reply to: rrufff who wrote msg# 8242 Date:3/10/2006 2:29:45 PM Post #of 8249
Basically, they are saying is that the MM's (and possibly others) are short the stock. MM's have an exception to the requirement that shares be located before they sell. They can do this to "make a market."
This exception is to provide the service of "making a market" though and not just to line their pockets. Thus, at some point, they have to close their open short. In pinkie land, they will often keep their positions open, figuring there is no real public proof that they are abusing their exception and their function.
In this case, the company is saying that this is pure abuse, manipulation, etc. There are no shares available for trading, yet the MM's are still selling net into the market.
Rather than allow the stock to trade up and attract sellers at .10 or .25 or whatever, the MM's are shorting at market. Why? Because if the market settles up at much higher prices, they may have to cover the existing open short at increasingly higher prices.
Posted by: rrufff In reply to: rrufff who wrote msg# 8243 Date:3/10/2006 2:30:30 PM Post #of 8249
What causes a stock to go up or down? 100 people will give you different answers but the only "truth" is that it is a straight function of
1) Demand for stock
vs.
2) Supply of stock.
This is strictly a "supply of stock" issue. If there is NO supply or a tiny supply, classical economics (Samuelson, et als.) tells you what?
The price has to rise to a point that supply meets demand. In this case, the MM's are trying to stop this by selling short.
If there is no float or a tiny float of 20 million, which we see trading every day, then you can contemplate numbers that are huge compared to the current share price around a nickel.
In the past, people who spoke with the CEO heard him claim that the company is worth .30-.40 a share and that he and his family had actual bought shares in that range, only to see the stock plummet and couldn't figure out why as no negative information had come out.
Hope that answers your question.
Posted by: rrufff In reply to: rrufff who wrote msg# 8242 Date:3/10/2006 2:34:00 PM Post #of 8249
If no float, why doesn't the price just go up?
it's all controlled by the MM's. If they bring the price down and make it look like lots of sellers, maybe you and others will panic and sell. If that doesn't work, eventually the price goes up, which is what has been happening. Look at the chart.
The MM's are creating supply - by selling something they don't have. That's called being short. Now, at some point, they will have to get shares to close that position.
Flippers - create a temporary supply and MM's will use each opportunity to lower their short book and try to induce more selling.
Posts: 908 | Registered: Dec 2004
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posted
Great stock but IMO too high to fly at this level.....other picks out there will make you a lot greater % return in 1-3 months.
RSHN for example, maybe DCUT, GLIF,MMAM,KSWJ
again this is a great STOCK, but if it sees .25 in 1-3 months, that will be no greater return then PAIM who has taken a bashing recently...hell even by me alittle...
if i had the big bucks i would go way long on this stock(1-2 years) for someone looking to maximize their % of returns in the short term there are better opportunities
posted
right after close the ask went to $.05! cant wait to see how we do on monday. i really think that monday is going to b at least a 50%-100% gainer. GLTA!
-------------------- Greed has turned me to the Dark Side. Posts: 89 | From: Fullerton CA | Registered: Mar 2006
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posted
RSI, I would say that it really does not apply here.
NEGATIVE FLOAT--Meaning that MMs need EVERY share that people are holding and there is a price for everything. It sounds crazy, but it does happen and has happened in the past.
There are shares that must be covered regardless. People who are getting in to flip this are helping the MMs recover shares. Those who are in long, are the true profit takers here. The CEO himself, close friends and family bought shares in the .37-.40 range last year. He will not allow family and friends to lose $ on those shares. Its going to that range provided he does the right things.
Adding a dividend to the shares would do it. We will see.
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