posted
The preferred shares will have 1/10,000th the value of common shares. It is a completely different share structure, under a completely different symbol, that has to be converted to common shares or money. None of the details have been given yet. The whole thing could be a misprint and we may find out that it is 1 preferred share for every 10,000 common share. Sandy is not stupid. His reputation is riding on this move. He will make it right.
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quote:Originally posted by Relentless.: Yes bucky.. I'm back and hapy to see how you've all been a tither.. The preferred shares are in fact dilutive.. they are.. more friggen shares.. No value? Why would anyone want them then? Surely they have some value.. since it's a ten thousand to one shot one can imagine the shares will have a par value in the millionths of a cent.. come now.. that's happy news.. big bucks guys. Buy some more.
posted
LOL.. why would I care about the short interest here? The people shorting this are doing it with unregistered shares that never need to be covered.. so what's the point? Ohh I know.. some idiot has led you to believe that the preferred share issuance is a ruse to make all those nasty shorts cover? LOL The only shorts who cover in pinkie land are the market makers.. and they already did that last week.. see what a whopping run you got out of that squeeze? LOl
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posted
Hahahahaha... next you are going to claim you are an MM insider. How the hell do you know if they have covered?... or did you pull that one out of your bunghole like everything else you have posted in this thread. The friggin dividend PR was released after the bell.
quote:Originally posted by Relentless.: LOL.. why would I care about the short interest here? The people shorting this are doing it with unregistered shares that never need to be covered.. so what's the point? Ohh I know.. some idiot has led you to believe that the preferred share issuance is a ruse to make all those nasty shorts cover? LOL The only shorts who cover in pinkie land are the market makers.. and they already did that last week.. see what a whopping run you got out of that squeeze? LOl
posted
Bucky thirteen soaking wet, I did answer your question.. I told you cleary that the short interest here is not knowable.. Nor is it important since the short shares here are unregistered.. therefore they need not be covered whether the company issues preferred shares or even changes it's ticker or cusip number.. doesn't matter. Shorts that were real, covered last week.. most of them anyways.
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quote:Originally posted by Max Shrap: Hahahahaha... next you are going to claim you are an MM insider. How the hell do you know if they have covered?... or did you pull that one out of your bunghole like everything else you have posted in this thread. The friggin dividend PR was released after the bell.
quote:Originally posted by Relentless.: LOL.. why would I care about the short interest here? The people shorting this are doing it with unregistered shares that never need to be covered.. so what's the point? Ohh I know.. some idiot has led you to believe that the preferred share issuance is a ruse to make all those nasty shorts cover? LOL The only shorts who cover in pinkie land are the market makers.. and they already did that last week.. see what a whopping run you got out of that squeeze? LOl
Not an MM insider.. Just smarter than you. Anyone smart enough to short this stock would also be smart enough to see the possible reversal risk at this price range and there fore cover.. It's a game you would know nothing about.. Listen guys.. it might suit your cause better to just start hurling poorly spelled witlessly conceived insults again.
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posted
Reveal your sources that the "shorts have been covered." Evidence buddy!!! or now it's "most of them?" How many shares is that? Pull some more stuff out of that bunghole of yours.
quote:Originally posted by Relentless.: Bucky thirteen soaking wet, I did answer your question.. I told you cleary that the short interest here is not knowable.. Nor is it important since the short shares here are unregistered.. therefore they need not be covered whether the company issues preferred shares or even changes it's ticker or cusip number.. doesn't matter. Shorts that were real, covered last week.. most of them anyways.
quote:Originally posted by Relentless.: Bucky thirteen soaking wet, I did answer your question.. I told you cleary that the short interest here is not knowable.. Nor is it important since the short shares here are unregistered.. therefore they need not be covered whether the company issues preferred shares or even changes it's ticker or cusip number.. doesn't matter. Shorts that were real, covered last week.. most of them anyways.
posted
Maxy.. one can always rely on you to bring class to the argument.. Perhaps in twenty years you will understand risk management on both sides of a trade. Have you ever shorted any equity? Have you shorted anything? Ever?
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quote:Originally posted by Relentless.: Bucky thirteen soaking wet, I did answer your question.. I told you cleary that the short interest here is not knowable.. Nor is it important since the short shares here are unregistered.. therefore they need not be covered whether the company issues preferred shares or even changes it's ticker or cusip number.. doesn't matter. Shorts that were real, covered last week.. most of them anyways.
SHORT SHARES here are UNREGISTERED hummm
how come?
Because the only people capable of shorting this have over seas accounts.. those accounts many if not all of the time short with unregistered shares.. Pretty much that's the reason for the SHO rules that people went crazy over a couple years ago. They all thought that would be the end of all the naked shorting.. Remember that term? That means unregistered.. Depends on who you go with but many times.. you really don't have to cover.. your broker will ride it down for you.. if you get my meaning.
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posted
TFN is the biggest thing Sandy has ever been attached to, if he screws this up, he would never live it down. This ain't no diamond mine in the boondocks.
quote:Originally posted by T e x:
quote:Originally posted by Relentless.:
quote:Originally posted by T e x: "Sandy is not stupid."
that's prolly a fair statement...
Perhaps.. but I'm sure he's hoping his prey are.
well...I ain't getting out there about his "rep" and "making it right."
posted
You have modified your claim to "MOST have been covered".... so, let's get your prediction on what is going to happen to the pps when ALL have been covered and the UK and/or US contract PRs start to roll out?
quote:Originally posted by Relentless.: Maxy.. one can always rely on you to bring class to the argument.. Perhaps in twenty years you will understand risk management on both sides of a trade. Have you ever shorted any equity? Have you shorted anything? Ever?
posted
As I tell my wife.. I don't answer "What If" questions
So Maxy you have never shorted anything? I see.. so you would then know nothing about finding true bottom reversals. You would not know why anyone would have covered a short last week.. Consolidation patterns tend to cause shorts to cover and longs to sell.. You might want to read that a couple times..
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posted
Why in the heck does every BKMP thread have to turn into worthless crap flowing between relentless and all the others who can't resist his bait? Who in the heck cares whether it's a scam or not? If you haven't made money on this thing by now then it's your own fault. This stock will surge again for awhile in the next few weeks then fall again. Flip it enough to make your money and have free shares then hold some for long term in case US/UK news comes out. It's as simple as that. Bought a few more mil 2 weeks ago at .0004 and sold * .0007 this week. Scam? 175% gain. Who cares he says, as he laughs all the way to the bank.
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posted
She's laughing at me, but she sheds tears about her life with you. I'm out of bread crumbs for the pigeon. The rest of us know what will happen when those PRs come out, you can sit back and watch us celebrate.
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posted
Relentless you are trying to hard to get us off the road. It's too obvios. Many of us are riding free shares already. And often when someone is trying so hard to bash, a stock is going to run. So I for myself will take the risk and hold my shares next week.
posted
Relentless... Am I missing something here? Let's just say, for the sake of the argument, that this would increase the O/S (which I don't believe, but like I said, let's say it does just for the sake of the argument). Every shareholder gets the same ratio of preferred shares vs common shares. So, there would be more shares in the market, but everybody would have more. That wouldn't change a thing. So, what would be the point for BKMP to do that? Please explain if you can, in a constructive manner with good arguments.
And BKMP could dilute if they wanted to without doind this. I still have doubts about Sandy Winick, BUT I just don't see how this news can be bad. It's either good or neutral for normal shareholders, IMO.
Merci ;-)
-------------------- Good judgment comes from experience, and often experience comes from bad judgment.
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Burn, without me this thread would have never started. Maybe you should respect your elders.......oops gotta go, the bus for school is here. I missed friday so I gotta make it up.
posted
" So, what would be the point for BKMP to do that? "
The point is as follows...
They have issued a dividend which gives you 10,000 preferred shares for every one share of BKMP you currently own. Sandy knows there are short positions out there as well as naked shorts (fake shares), otherwise he wouldn't do this. If a broker still has a short position or a naked short position at the close of Sept 15th he will not only owe on the short position but will also owe on the 10,000 preferred shares. If the par value of the preferred shares is set at a high enough price this would be a huge cost to the broker for 10,000 per 1 share short.
That being said, there will be no shorts or naked short come the 15th.
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posted
Everyone take a moment and think back the last two weeks. RD stopped posting on the 18th, even then his tone was neutral (this mean he bought shares at 4 or 5), now he is back bashing hard-core (this means sold them at 7). In all he gets his either a 175% or 140% gainer. Now to make easy money he'll spend a lot of his valuable time spinning false information in hopes to drive the PPS back down to the 3-5 area.
Notice the whole 2 weeks that BKMP slightly rose there was no bashing. Now a PR comes out that can be spun negatively, which is good for him since he sold.
Educate yourselves on preferred stocks vs. common stocks. Read my post on page 14. Some will have you believe that preferred share dilute the common shares. This is not true. Google search and educate yourselves. The bashers don't want you to learn, they will just bash without giving you sources of information.
Instead of engaging guys, just post good information:
Remember bashers want/need you to be uneducated. So educate yourself, then decide to buy or sell.
-------------------- 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
Artfink, that's also what I think. I'm just asking Relentless to explain it to me, according to his view. What would be the point of doing that if it's not to make the short cover?
-------------------- Good judgment comes from experience, and often experience comes from bad judgment.
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posted
We all know one thing this last pr has sure put a lot of attention on this stock. All the boards are buzzing and the pump sites IMHO will be going crazy we have until the 15th to see how this plays. If we get aniother pr about a carrier I think there will be no stopping this I can see a billion plus trading soon IMHO.
I myself am happy about this pr. People like HR on Ihub knew something was up he had said over and over load the boat next week great news.
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