TORONTO, Aug 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Equitable Mining Corp. (Trading as EQBM.PK & E5W.F) is continuing to move forward on all of its previously announced projects.
In additional news Equitable Mining Corp. has initiated several new relationships and continues to develop existing relationships with market makers in Europe to help create investor awareness on the Frankfurt Exchange. The Company anticipates an active trading market will develop, by the end of next month, after the traditional summer holidays are over.
The various different holidays and vacation schedules of attorneys in the several countries where Equitable Mining Corp. is negotiating legal agreements have caused a delay in reaching final and executable documents for the various transactions. The Company is pushing for closings on all fronts but is being delayed because of summer schedules.
Equitable intends to issue additional updates periodically as transactions progress toward closings.
Safe Harbor
Certain statements above constitute forward-looking statements. Such forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
Copyright (C) 2006 PR Newswire. All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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In EQBM we trust! Talked to Larry and I liked what I heard.
1) Larry said his main focus right now is to sign the china deal. He told me that is his mission now. They are very close to that.
2) Larry said china deal will be PRed once it is signed. There is no link between frankfurt and Dallian PR.
3) He mentioned they are not diluting and he is holding all his shares. Giving nothing away.
4) He is bound by the confidentiality agreement as per his lawyers which tells me the deal is imminent.
Guys, My understanding is we will have Dalian PR any time soon. We will get that much before frankfurt trading starts. I guess Red lake and equador would be on the frankfurt menu.
After my talk with Larry, I will feel great about my long position than ever before. More than once before he has told me that shorts will be taken out and I still believe he is serious about it.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: never96 Date:8/28/2006 10:45:16 PM Post #of 9957
EQUITABLE MINING COR (EQBM) SqueezeTrigger Price: $0.02 Days on Threshold List: Current Price: $0.01 Current Short Volume: 915500
Posted by: MSEED Date:8/29/2006 12:04:09 AM Post #of 9957
# based on short reporting from brokerages that buy ins.net requests info from. Bottomline with buy ins.net and others is that brokerages only have to disclose total # of short shares per a specific day. This usually means the total # of short shares per a co. is much greater (sometimes as much as 10X greater) than what is reported. Plus, more importantly IMHO is the naked shorts, (which are not shown because they are not legit) and like PAIM/PAIV is what drove the pps up so far to begin with. Once the new rules were in place after july, the naked shorts could no longer play their games, because had to disclose, release shares or possibly face fraud charges for fabricating shares and using them. Like PAIM/PAIV large share buybacks squeezes the shorts even more to cover.
Noone ever does anything unless forced to do so. The proof with EQBM is numerous times myself and others have tested the MM short position, with bids much higher than accepted. Every time, the lower bid was taken to keep the pps down to allow shorts to cover their position prior to real news (Dalian proj./Frankfurt ex. etc.) being announced.
********** is a positive for us traders because it was created specifically to make us aware of possible large short positions on stocks and how to trade accordingly. However, factor in that the reported amount of shorts is likely a fraction of what the real # is. Squeeze trigger price is very valuable though.
The squeeze trigger price is vital in knowing when the pps will really take off.
You are correct that the official # of short shares for EQBM is much greater than shown thru **********. Again, knowing that, trade accordingly.
I know its tough to have to add the MM short bs to the trade equation but once you can utilize it, becomes a valid tool to make $ with pinks.
In all stocks, MM shorts can only play the game as long as no news out and/or traders are gullible enough to panic on their bs and sell. Once real momentum and volume and news takes place, the forced effect of an uptrend makes the MM short have to cover, thus increasing even more the upside potential.
EQBM is so close to popping its sick.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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I do not know whether the number there have been updated or not.
It is located at the same city, and their tailings come from a section of the large mine. There general manager worked for a local government mine for 8 years.
Their lawyer in Beijing have been in discussion with Larry's lawyer about some details recently, and prepare for finalizing the deal. BTW, I am invited to see the mine. Looks they are very optimistic on closing this JV deal.
Cheers,
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: Bigdogs In reply to: goldintrash who wrote msg# 12526 Date:9/22/2006 9:13:08 PM Post #of 12549
The excellent buying pressure in the last 15 minutes today was very impressive.
With alot of traders on the sidelines watching the story here unfold alot of investors are starting to realize that this stock is getting extremely close to some major news.
This bodes very well for Monday and for the rest of next week. I think we definitely get news this coming week based on the volume this week and the ones who didnt buy the dips the last few days are regretting it.
This stock moves in huge swings on hardly any volume so if this China news hits the ask will be overwhelmed with massive buying and the MMs will most likely just get out of the way and let it go.
The close near the highs for the week bodes very well going forward.
Lets hope the long wait is the beginning of a massive run
Anything under .01 is a steal. Im expecting alot of trading groups to hit this hard next week in anticipation of news so Monday could be a great breakout to the upside.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Posted by: jrdig7 Date:9/25/2006 11:25:14 AM Post #of 12644
I received this from WTL. He is on the road and asked me to post this response he got back from Mrs. Hui.
From: Marie-Joele Majoie Hui [mailto: mijo*hmhdak.com ] Sent: Sunday, September 24, 2006 11:15 AM To: XXXXXXXXXXXXX Subject: RE: Tailings Project with Equitable
Hi
I am the president of HMH/DAK, my name is Marie Joele Majoie Hui. We are excited about the new joint venture with Equitable Mining. At this time, the negotiations are with the lawyers. The time schedule should be established soon.
From: XXXXXXXX Sent: Fri 9/22/2006 5:10 AM To: Marie-Joele Majoie Hui Subject: Tailings Project with Equitable
Hi Mijo,
I am an investor with Equitable and am excited about the proposed deal with your company. I got your E-Mail address off of your website.
I know you are very busy, but I was wondering if I could ask you a couple of questions.
Are you excited about the opportunity to partner with Equitable?
Do you see this partnership being finalized in 2006? If so what kind of timeframe are you hoping to see it close by?
What kinds of Revenues and Profits does the current mining operation have?
Will you be meeting again soon with Larry Skolnik to possibly finalize this agreement?
Thank you so much.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
If the folks on IHUB can be believed, there are lots of bids in the 7-8 range that aren't reflected in the spread. You're not likely to get filled below the ask.
But maybe you will be. It's worth a try if the shares aren't that important to you.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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quote:Originally posted by CTMum: JUice, What are your thoughts on this, still a good one to try to get in on. Trying for a fill at .006.
Just looking for opions, thanks
Sorry I fell asleep. I still think it's gonna go hopefully the news that we've been waiting months for will come this week. Very tough to get filled below the ask. I still like it but Larry has got to make things happen. He said we should be trading in Frankfurt by the end of September
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Posted by: eatyourshortsms Date:9/28/2006 5:00:02 PM Post #of 12996
Junior mining exploration companies are almost always attacked by naked short sellers. This is due to the statistical chance of one of these finding an economic deposit, namely about 1-in-100. The naked short sellers are aware of the statistics and are only playing the odds. Their attacks also create the steep odds. Wildcat oil drillers are treated the same way. Any company with a large % of Canadian shareholders (most mining companies) have a large naked short position due to the laxity of Canadian laws.
I have a friend who has written books about Naked short selling and short selling. There are very few ways to really beat it. If you catch them off guard with massive volume buying started by a big announcement you may cause a short squeeze. Sometimes the company paying a dividend to shareholders can help but I have seen this tactic not work. One of the best ways is for the major holders to pay a small fee and have their electronic shares turned into actual paper certificates. This cost a small fee. Try doing this and see how much grief you get from your broker and how many excuses and delays they will come up with. There are many of you holding in the millions of shares. If you have a million or more doing this will cause those shorting this thing to crap their pants or in this case their shorts.
For more understanding continue and you will see what I mean;
• Stock lending is exclusively an activity used by short sellers, who must borrow stock before selling it.
• Short selling is a bet on stock price declines. The short seller borrows stock, and then sells that borrowed stock, hoping to buy it back at a lower price later, when he returns it to the lender.
• Illegal “naked short selling” involves placing a sales transaction, but not borrowing the stock, and simply failing to deliver it on delivery day. It is also called “failing to deliver” or FTD – or delivery failure.
• Delivery failure is a significant problem nowadays, as it can be used to run stock prices down in a manipulative manner. Delivery failure in any other industry is called fraud. Hedge funds are the biggest culprits in this illegal trading strategy, with broker/dealers right behind them in the culpability queue.
• Hedge funds are now the largest players in the US equities markets, representing the majority of trading, with almost $2 trillion under management.
• Hedge funds are large, virtually unregulated pools of anonymous money, used to invest in any way the operator sees fit.
• Prime brokers allow their hedge fund customers leverage on their assets, meaning that for every dollar of asset, they could easily hold $10 of short positions.
• This over-leverage presents a systemic risk should positions in several larger funds go the wrong way, as there isn’t enough collateral to cover the domino effect of multiple positions being forced to cover.
• This over-leverage creates an environment where the brokers are now pregnant with their hedge fund customers’ liabilities, and have a vested interest in seeing depressed stock prices remain depressed – if the stocks go up, the hedge funds could easily fail, and the brokers are on the hook to buy-in and deliver the stock owed by the funds – resulting in brokerage failures.
• The DTCC is ultimately at risk for this domino effect, as brokerages fail.
• The DTCC is owned by the brokers, thus is the brokers.
• The DTCC processes over $1.2 quadrillion (million trillion) every year, and owns most of the stock American investors hold in their accounts - but most of the country has never heard of the company. The total GNP of the planet is about $20 trillion per year.
• 1% of all trades in dollar volume fail to settle (be delivered) every day, per the SEC.
• $130 billion to $150 billion of equities trade every day.
• $2 trillion of total trades are processed by the DTCC every day, including bonds.
• The SEC does not qualify whether they refer to total trades, or total equities, when referring to 1% failing to settle.
• The SEC keeps the total dollar value of trades that have failed to be delivered secret.
• The SEC “grandfathered” all failed to deliver trades prior to January, 2005, effectively pardoning all those trades (for which money was paid but no stock ever delivered), from ever being required to deliver. This amounts to allowing those that violated delivery rules to keep the money from their illegal conduct.
• The SEC keeps the number of shares grandfathered, as well as the dollar amount, secret, for fear of creating market disrupting “volatility”.
• The above numbers do not take into account the large number of undelivered trades that are handled “Ex-Clearing” – a way of handling delivery outside the system.
• Many securities scholars believe the “Ex-Clearing” failure problem is 10 times larger than the in-system problem the above numbers represent.
• Many investors that think they have “shares” in their brokerage accounts, don’t. They have “markers” that have no underlying share to validate them. Some call these “counterfeit shares”, with good reason.
• The DTCC, via Cede & Co., is the registered owner of all shares held in "Street Name," which are all shares in margin accounts.
• Margin accounts represent the bulk of independent investor account types.
• Registered owners are free to use their “property” as collateral for loans or debt.
• It is unknown what, if any, loans or debts are collateralized by the stock “owned” by the DTCC.
• The DTCC’s “Stock Borrow Program” lends shares to be delivered to buyers, if sellers fail to deliver.
• The Stock Borrow Program is operated on the honor system, and is anonymous.
• It allows one genuine share to be lent multiple times, leaving a string of markers/IOUs in the share’s wake.
• This creates a systemic risk for the stock market, as more markers are in investor accounts, falsely represented as shares, than shares actually authorized by the companies.
• These markers are freely traded and treated by the system as real, resulting in a large secondary market of counterfeit shares – resulting in depressed stock prices.
• With paper certificates being eliminated – by the DTCC – there is no way to confirm that a share is genuine, versus a bogus marker.
• Only a handful of people on the planet understand all this.
• In the end, it is simple – Wall Street is printing shares electronically, investors are paying real money for those bogus shares, and the whole thing is predicated on the idea that few will ever understand what is being done, or bother to check.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
THANKS Juice... couldnt find the post... Man this one is gr8 to flip .006 to .009 but cant get filled.. any coments hqve put in buys every day at .0062 or .0061 and always see a buy of .006 but so far I cant get in?
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
Posted by: jrdig7 In reply to: zoro5304 who wrote msg# 13575 Date:10/5/2006 2:21:59 PM Post #of 13584
I asked Larry yesterday about the Frankfurt pr from August. He told me we will see activity there when he is ready to tell the story. I asked if the story was going to start to be told this month or next and he said we would see the start this month. He said the Frankfurt pr's would start once they had something to pr. I know we have heard these comments before but I believe the deals are real and we will see them soon. He is heading to China to meet with Mrs Hui soon and said Dalian is still the top priority.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Wow... Finally got filled at 3:24pm 2day had a buy in everyday this week for .0061 so moved it up 2day to .0062 and got 100000 shares now put in a sell (all or none) at .008 suld sell monday am quickly and $170 profit..... gr8 to flip rite now. Will rebuy at .0062 and sell again.. the stock in all over .006 to .009 check it out for a flip. Bought *Waterhouse
Posts: 1101 | From: Georgia | Registered: Apr 2006
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quote:Originally posted by Hitman: Wow... Finally got filled at 3:24pm 2day had a buy in everyday this week for .0061 so moved it up 2day to .0062 and got 100000 shares now put in a sell (all or none) at .008 suld sell monday am quickly and $170 profit..... gr8 to flip rite now. Will rebuy at .0062 and sell again.. the stock in all over .006 to .009 check it out for a flip. Bought *Waterhouse
NICE JOB HITMAN!!!!!!
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by Hitman: Wow... Finally got filled at 3:24pm 2day had a buy in everyday this week for .0061 so moved it up 2day to .0062 and got 100000 shares now put in a sell (all or none) at .008 suld sell monday am quickly and $170 profit..... gr8 to flip rite now. Will rebuy at .0062 and sell again.. the stock in all over .006 to .009 check it out for a flip. Bought *Waterhouse
NICE BUY HITMAN!!!!!!GOOD LUCK
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Just sold 100000 shares at .0073 Fliped and made another $100 will buy back again at .0061 and flip again.... Guys this is an easy flip .0061 to .0075 ect +-
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
Posted by: jrdig7 Date:10/9/2006 10:34:54 AM Post #of 13820
Larry wants me to compile a list of owners and sharecounts for the NOBO list. If you want you can send them to my email jrdig7*yahoo.com or pm. If you don't feel comfortable sending that info to me then please send it to Larry via eqbmpr*yahoo.com and state that you are on the Ihub board for EQBM.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Don't hold any shares now .... Have a 100000 buy order 2day at Scottrade- all or none at .0062! Day Order ...... Plan to flip untill I see an uptrend start hope I dont miss te big one that is on the way with some good news. I would buy lots moe shares now... but not sure they would flip whereas 100000 flips gr8
Posts: 1101 | From: Georgia | Registered: Apr 2006
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