apparently, there was a fax sent out that the company was preparing or were in the process of diluting and although the pr states it was false, and a bogus fax, I am beginning to wonder if it was more of a leak.
I hope not myself.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
| IP: Logged |
quote:Originally posted by kt325ci: There is no dilution. The problem is whoever is behind all the big block trades (500K+) that we've been seeing.
There were none yesterday and the stock closed in the green.
There were 4.6 million in big block trades today and a total of 53,600,000 since 7/31. Today was going great until around 2pm when the big blocks started rolling in.
The big block volume picked up on 8/4 when the Wessal investment was announced. The big blocks average around 20% of daily volume which leads me to believe it's insider related.
Why would insiders dump at these levels, when they know with the momentum and the Pr's they are releasing that if they let it go...it could have been at .20 already? Then they could have dumped.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
| IP: Logged |
posted
Like KT said about the block trades he seems to be right on. Is it wessale behind them? We see million share sells then buys. Once the announcement of the wessal buying into 25%, the block trades began and brought the pps down. Yesterday there were none at all and it went up to a nice gain. Today we were tetering around even to being up all day and all of a sudden the block trades began again and what do you know, it started going down again. And yes, imakemoney seems like he has nothing good to say about this stock. If its so bad then why dont you sell your free shares and go into something else that you can find more ways to complain about.
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
posted
Thanks wit, after rereading the pr they sent out about this I sould have indeuced as such... still would love to read a copy of it... I'm still long however, if I look at the chart. today's dip doesn't look that bad really. were up a ways from a couple days ago. MM manipulation... shaking... people unesy till they see audited finacials like CSHD? So many things that seem far more possible to me than dilution. JMHO
-------------------- learnin as I go. Posts: 582 | From: Iowa, Michigan, North Carolina, Israel | Registered: Jul 2006
| IP: Logged |
posted
They need the momo and PR's in order to create the VOLUME to buy or sell.
It becomes harder to trade a large number of shares at higher prices.
I think whatever is happening involves the Wessal investment since volume really picked up since then.
I don't know what's going on but its a fact that there have been 53.6 million shares traded in big blocks. Are they buys or sell? Don't know.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
Yeah, see i figured that it was sulja selling and then wessal buying up the shares, thats what it seems like.
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
posted
The company insiders did buy back a bunch of shares and per the LFWK PR on 3/13.
Dennis Ammerman stated:
"The shares can be introduce back into the market after LoftWerks' plans are executed, and the short sellers can complete their buy-in at a much higher price. "
Maybe these shares are being introduced back into the market to provide shares for Wessal to buy up since they can't just issue them new shares.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
Well, if it ends up that the stock is being massively diluted then the CEO is going to jail for securities fraud. I don't think he would risk that. I haven't heard a peep on any of these boards that questioned his character or brought out any dirt from his past. It just doesn't seem like it's the case here. Those big blocks are odd and I truly don't understand that if it's Wessel buying then why is it pushing the stock price down? Maybe that's the answer...that they are buying shares from Sulja? But then I thought they were going to buy in the open market?
Posts: 16 | From: Peoria | Registered: Jul 2006
| IP: Logged |
posted
here is the only answer that is 100% TRUTH... 1.) ONLY TIME WILL TELL IF THIS COMPANY IS LEGIT..!
Makemoney and other have pointed out Duliation..but they have no proof, jst the way the stock has been trading, and for those who are believing steve sulja and the company, also have no Proof that there is no dulition..so no one has the REAL answer..but the only think that will show who is right..its TIME..once the audited financials come out and a share structure, then we will know..IMO...the value of the company is sooo low, that this stock should ALREADY be in the Dollars range...however we're still in pinkie land, and until the legit paperwork comes out, its all QUESS WORK..now some have researched more than others..but its still a (somewhat educated ) Quess.!!...well GLTA and we shall knw all in all soon enought,.
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
| IP: Logged |
quote:Originally posted by weekendwarrior1: here is the only answer that is 100% TRUTH... 1.) ONLY TIME WILL TELL IF THIS COMPANY IS LEGIT..!
Makemoney and other have pointed out Duliation..but they have no proof, jst the way the stock has been trading, and for those who are believing steve sulja and the company, also have no Proof that there is no dulition..so no one has the REAL answer..but the only think that will show who is right..its TIME..once the audited financials come out and a share structure, then we will know..IMO...the value of the company is sooo low, that this stock should ALREADY be in the Dollars range...however we're still in pinkie land, and until the legit paperwork comes out, its all QUESS WORK..now some have researched more than others..but its still a (somewhat educated ) Quess.!!...well GLTA and we shall knw all in all soon enought,.
I take it today wasn't that great. Been gone all day, but I didn't miss much here obviously. I agree weekend, time will tell. I can stress out day after day, or I can just sit and wait for the financials to be posted. It hasn't even been two weeks yet, like I said in a early post, I will begin to worry if I don't see anything in the next 2 wks. As soon as I see those financials, I will basically forget about this stock for the next several months/years until it has hit a PPS that is worthy of selling at. Audited financials that match the ones we have already seen, would basically assure me that the rest of what they are claiming is true. Patience people, DUBAI wasn't built in a DAY, or something like that. The best for us all tomorrow. GBE -Cassity
posted
this is why it's the pink sheets...pure speculation.
there are a few diamonds in the rough here but not many. The greater the risk, the greater the reward.
If, after time, the company does turn out to be all they say they are then those that took the risk will be greatly rewarded IMO. The current pps and penny swings will be nothing once they start filing audited financials and move off the pinks.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
| IP: Logged |
posted
hey guys..had to walk away for a little bit...came back and everyone is "playin' nice..." Cool...
It sounds as though we all have to sit and wait for "news" "financials" or some thing to enlighten "us"...time will tell... and yes...Pinks suck...they dont have to "report" anything...and we "take" a chance even being in them...
GLTA!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
I want know what you guy's think? Let's say the company is diluting. Why at these pps? They have so many people interested in this they could have dumped shares at much higher pps. With all of the hype they could wait until the pps are at least .20 pps. (I think we were headed there) The only reason we all even mention the word (DILUTION) is becuase of the block trades. A sure indicator of dilution. But even most of you expierenced traders know that if a company were to dump shares they would raise the pps with pr's until they felt it was time to pull the plug right? We do know that most feel the pr's are legit. So why now?
Posts: 12 | From: Seattle | Registered: Mar 2006
| IP: Logged |
I don't know how much credence I could give to this, but a scenario has crossed my mind that we could consider.
At first, last week I thought that Wessal was the one doing the big lot buying and that was causing the PPS to drop so that they could buy-in at lower prices. Just one thing bothered me, why were the buys accompanied by such drastic drops in the PPS? Were the MM's assisting them to do this? Usually dilution is accompanied by a run down, but in this case the big block purchases were on a big step down, then would make some recovery until the next big block purchases on a similar big step down.
What I'm now thinking is, could the MM's be using Wessal's PR to make it look like Wessal was doing the purchasing? If it was, then why would Wessal issue the PR's about getting the cement supply and assets moved to push up the PPS if it wanted to buy in low?
According to our current knowledge, we know two things, 1) Sulja Bros/Wessal expect to push this stock to the Big Boards. 2) The MM's will pull any trick to keep them from doing it.
Here is the point that I am now speculating:
What if Wessal has not started to purchase yet? What if they fully expect to get this stock up to the PPS required to move up to the Big Boards and will use their purchasing power to help this run up by buying at the 'ask price' after the audited financials come out? They could be thinking that whatever they purchase at during the run will be more than compensated at the top end.
Like I said at the beginning of this, I don't know how much credence I could give to this scenario, but maybe it's possible. Can they legally do this?
Just a thought. GLTA
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
| IP: Logged |
quote: What if Wessal has not started to purchase yet?
i dont think they have started buying yet...IMO
Just think of it, just after the audited financials are released, the MM's try to create a run down by dumping the "shares" that they have accumulated and Wessal is buying them up as fast as they can dump them, and buying more at 'ask' prices as fast as they are offered by other investors. Quite a sight, one big power trying to create a sell-off while another buying everything in sight to prevent it. This could be one hell-of-a trading day.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
| IP: Logged |
Are you saying that you think one MM is selling 500K bogus shares to another MM, or maybe to themselves? Does anybody out there know if MM's can do that kind of stuff? It wouldn't surprize me at all. Then it's all phoney just to deceive us that "there's insiders selling!" I just can't believe Wessel is buying in the open market and driving the price down. I think somebody brought up a good point that once they reach 5% of the ownershipt they would have to report it, right? So until I hear that piece of news I too will assume that they haven't started buying yet. Also I read somewhere that they might not have been able to start purchasing yet because they are from the middleast and that has to be checked out by the Govt -- but I don't know what to believe...
Posts: 16 | From: Peoria | Registered: Jul 2006
| IP: Logged |
posted
Good morning all, Just got back from Trinidad last night. There was no internet access where I was at. A lot has happened in the past two weeks. I was expecting this thing to be at around .25 or better. Oh well, I am confident it will go to the moon it is only the matter of when. I,m still up over 10k right now and the MM's aren't going to get even one of my shares. I'm in this until dollar land. PS jsut bought a 48'sail boat, will be bringing her back to the US in Jan 07.
Posts: 157 | From: florida | Registered: May 2006
| IP: Logged |
posted
Good morning all. Lets see some positive movement today.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
posted
Anybody else notice they are not trying to pull this down as hard this morning. Maybe we will start moving up. We need to get over .1 today. IMO
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Confused]](confused.gif)
![[Big Grin]](biggrin.gif)
![[Frown]](frown.gif)
. ![[Wink]](wink.gif)
