posted
Just my honest opinion but, If Sandy annouces all the buying "Highrisk" has been doing over the past months (remember he stated he bought 7 billion before even starting to post on I-hub) that would show that BKMP is naked shorted to death. Increasing buying by the MMs and raising our price per share.
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posted
EverGreen: A/S is unaffected. These are preferred shares--a whole 'nother animal that would trade separately from common shares. It does look like the poison pill defense. Off the bat, the preferred shares are basically worthless except that they make life difficult for takeover bids and (more importantly to us) make it much harder for the shorts to cover.
If today's common share is 9/15's common share plus 10,000 preferred, it's like doubling the cost of covering. And the cost of covering would go up even more if the preferred get a real market of their own. I'm excited for next week. Share price will be all over the board (but mostly up).
-------------------- Me Trade Pretty One Day.
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posted
Basically for every share UBSS shorted of BKMP, he will have to come up with 10,000 shares before dividend. God this is going to be great.
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posted
Goog gravy, there is gonna be some where in the neigborhood of a kagillion and 1 shares trading on the open market. Watch for the 100,000/1 RS after the ex-date. It will certainly be an intersting ride until then won't it.
-------------------- If ignorance is bliss, why aren't more people happy?
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quote:Originally posted by Happy Valley: Hmmmmmm wonder how UBSS is feeling right now......LOL
UBSS represents all traders like you and me who use brokers like AMERITRADE,CHOICE Trade, etc. So next time when you submit your order and change the price, you will see UBSS changes his order immediately. That's how juice played the tricks last time.
BTW. The dividend offer may cause a short squeeze, like what happened to PAIV a few weeks ago.
posted
You guys don't get it. Preferred shares do NOT add to our BKMP O/S. The preferred shares will trade under a different name and symbol. Now that issue probably won't be worth much, but it causes the MMs to cover their position in BKMP for the preferred dividend.
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posted
Man, I hate this stuff! Just like Memorial Day weekend, I'm going to spend the next three days waiting for trading to open Tuesday morning to see if the market agrees with what I think is going to happen.
Not to jinx it, but that time it was MSEP and what happened was...nothing. And JoeMillion had to leave allstocks. I still kind of miss him.
-------------------- Me Trade Pretty One Day.
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I heard rumors that Sandy was talkin to Neil Armstrong about goin To Da Moon baby!!!111 gotta love it...im soooo glad that squizzpants missed the bus today and his mommy let him get on the computer. Because as you all know he is the one that called this today!!!111
Master Squizz out
-------------------- Check the Sheets!!!!
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posted
All of you BKMP nuts need to relax. Lets wait until the 15th before you start pumping and cheerleading. As you know there are many stocks out there that have done this before and nothing went down. lets not jinx this please thank you very much
Burn, You better watch what you are talkin about because i am just trying to let ppl know what is up about this stock. You havent done any cheerleading as of late but i have seen you cheerlead before so i need to you just step off and simmer down
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posted
All-Star: I don't know what your experience is, but you know nothing about stocks if you think this won't start to have whatever effect it's going to have until the 15th. In fact, any pps adjustments in response to this announcement will be long since finished by the 15th.
You've made 2 posts and already I'm getting a little tired of the judgmental attitude. Who put you in charge of Burn?
Edit: You are Burn, aren't you? I bet you are.
-------------------- Me Trade Pretty One Day.
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quote:Originally posted by Jason0352: Basically for every share UBSS shorted of BKMP, he will have to come up with 10,000 shares before dividend. God this is going to be great.
Unfortunately your statment is not true. BKMP will issue 10,000 shares to the shareholders. The MMs that were involoved in any naked short selling (different than selling short ) will just have to cover the shares they naked short sold. They will not have to find 10,000 shares per 1 they sold.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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posted
Kermit you should take care of your own situations. I never said that this wont run if you read my post properly you would have seen that i stated lets just wait until the 15th. And as far as you not liking me i didnt come here to make friends nor enemies. Also i think that burn was the one telling me to say it to his face when i dont think that i ever singled him out. Tell me if i am incorrect about this please
thank you
This just in squizzpants needs to get a clue
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quote:Originally posted by kermit42: All-Star: I don't know what your experience is, but you know nothing about stocks if you think this won't start to have whatever effect it's going to have until the 15th. In fact, any pps adjustments in response to this announcement will be long since finished by the 15th.
Not to side with anyone, but PAIM did the same thing that BKMP will do (I don't remember the ratio), but if I remember reading correctly it do not have an effect on PPS.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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posted
ALL-STAR you better get off burn and squizzpants they will freakin jack your rear hiney. i know for a fact that burn will throw a few knee strikes and a palm-heel strike maybe even a townhouse kick
-------------------- Check the Sheets!!!!
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posted
Squire38--you're quite right to the extent they cover by the 15th. There's the rub. If they don't cover by the 15th, they have a problem on their hands. So how far this runs depends on how many shorts there are.
If our speculations are wrong and they're not short much, there will be a speculative bump Tuesday and then it will go back down to .0005 or so until a US carrier announcement. If there is a large short position, well, the more they shorted the higher we go.
I believe what PAIM did was different--they took common shares from people's accounts and replaced them with preferred shares that could be converted at some future date when the company may or may not still exist (please correct me if I'm wrong there). Here, this is a gift from the company. It may give us nothing, but at least it costs us nothing.
-------------------- Me Trade Pretty One Day.
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quote:Originally posted by kermit42: I believe what PAIM did was different--they took common shares from people's accounts and replaced them with preferred shares that could be converted at some future date when the company may or may not still exist (please correct me if I'm wrong there). Here, this is a gift from the company. It may give us nothing, but at least it costs us nothing.
Originally PAIM gave out preferred shares, something like 1000,000 to 1. Don't quote my ratio. Once that didn't work, they did the fake/"non-reverse split" deal where they took 90% of your shares and gave you something else (CD - I believe).
I was referrring to the original preferred shares they issued, not the 90% "non-reverse split".
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
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posted
Eeek! That's an ugly scenario you paint Squire.
Hopefully, this will play out differently. BKMP is no PAIM. BKMP has a serious asset we all believe will be a huge money maker soon. PAIM has a speculative asset and there are real reasons to think it's simply a scam.
Tuesday will tell.
TO THE ROOF! Where there's a better view of the moon!!
-------------------- Me Trade Pretty One Day.
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posted
The difference is, the PR says these shares will be freely tradable, non-restricted shares. The PAIM shares were restricted. I am sure there will be PRs to clean up the confusion over the next couple weeks.
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Well--this means my 10 million shares of BKMP will give me 100 billion preferred shares, when, if sold at .0001, will give me ten million dollars. Something isn't right here.
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posted
What isn't right is that selling them at .0001 will be no easy task. Certainly at first, probably ever. Although technically they will be marketable, I don't see much of a market developing. I don't think that's their point.
Work done, going home. Have a great holiday everyone!
-------------------- Me Trade Pretty One Day.
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posted
If it is done like PAIM, you will be able to sell the preferred shares for a smaller amount of common shares. (i.e. 10,000 preferred shares for one common share or sumtin)
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