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Author Topic: AWYB Short SQUEEZE
Poot Poot
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Possible short squeeze happening here...

This had a R/S and many's accounts didnt reflect the split, so they sold shares they didnt have.

O/S is only 3.2 mil

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Poot Poot

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Hustla
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More like a sure SCAM. I see a lotta buys going through but from who????

Group??

MMs??

I'm staying away, too risky

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Rule 1: Always Protect Your Capital
Rule 2: Earn slow, Don't lose fast

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Poot Poot
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I posted this * .013

NOW .037

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Poot Poot

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Guy Tough
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Here's the scoop for anyone wondering...

BOCA RATON, Fla., June 21 PRNewswire-FirstCall — American-Way Business Development Corp. (OTC Pink Sheets: AWBV) announced today that it has signed an agreement with Web Imagineering Group to develop what may be the first e- commerce site of its kind. http://www.PalmBeachCigar.com , the official website of Palm Beach Classic Cigars Inc., one of the affiliate companies of AWBV, will have the capability of offering restricted common stock to purchasers of the company’s fine line of hand-rolled Dominican Republic cigars.

On September 11th, American Way (then AWBV) issued a rather massive 5,000:1 reverse split. This is by no means an event anyone would celebrate, as the company was quoted at $.0001 and existing shareholders would see a sharp reduction of their holdings. Indeed, you couldn’t find a soul talking about the stock late Monday. I’m not sure the exact figures, but as a result of the split there were to be just a few million shares outstanding the day after.

On the morning of the 12th, the stock initially traded at $.05, surprisingly distant (but not uncommon) from the mathematical equivalent post-split price of $.50. Right off the opening bell, the stock began heading south on heavy volume. This was curious, considering that the reverse split should have nearly wiped out the positions of anyone in the stock. For example, a 300,000 share block that printed .002 should have implied that the selling party had over 1.5B shares pre-split. Unlikely as that would be, there were dozens of high-volume trades, including a 500,000 block, all the way to a low of $.0012/share. For a stock that should have been somewhere in the arena of $.50, there was a major crisis happening. Finally, at 9:59:54, an impossible block of over 6.6M shares printed at $.0012, a trade that was later reversed, represented more shares than the entire company had outstanding. Whoah.

09:59:54 6650000 0.0012 - OTCEQ_NBB (XF)

In all likelihood, it would appear that some brokers didn’t get the memo about the split, and didn’t change their customers accounts. This would leave an investor that had purchased 1,000,000 shares at $.0001 ($100) an opportunity to immediately sell the stock for what amounted to gain of anywhere between 1000% (.001) and 10000% (.01) in the frenzied moments after the stock opened. Staring at a tremendous profit, and perhaps not entirely certain of the split, it’s clear that existing shareholders, whether by any fault of their own or not, sold shares that did not technically exist anymore. The selling shareholders, who may have believe they were selling long positions, effectively became short sellers of American Way’s stock. This created a ‘perfect storm’ for incoming speculators in AWYB.

After the later-reversed 6.6M block, you can see a clear sentiment shift in the trading. The stock raced off its bottom and surged higher, trading at nearly $.03 by lunch time. Ironically, by no other reason other than its own failures and subsequently botched reverse split, AWYB was now one of the most widely talked about stocks across internet chat rooms and message boards. Most people believed that the brokerages who fumbled the reverse split would now look to try to cover, or buy back, several million shares they sold into the market by error. It’s hard to say they were wrong, as the stock closed at nearly $.07 on Tuesday.

On Wednesday, the stock opened at nearly $.08 and resumed heavy trading. Without a press release or even a hiccup from the company, the stock hit a high of $.215 on volume of over 7.7M shares. For the lucky souls that bought $100 of stock at Tuesday’s low, they were now looking at a profit of over $18,000. Perhaps a once in a lifetime trade. Meanwhile, those that had missed the action were now looking at other stocks that had recently undergone large reverse splits.

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visiblecat
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nice job
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Guy Tough
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BTW- this was a direct copy and paste from investors hub---i can't take any credit for the
write up.

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stocktrader22
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quote:
Originally posted by Poot Poot:
I posted this * .013

NOW .037

holy sh*t now at .14?

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Disclaimer: Not accountable for anything I say

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Guy Tough
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quote:
Originally posted by stocktrader22:
quote:
Originally posted by Poot Poot:
I posted this * .013

NOW .037

holy sh*t now at .14?
Yeah- and expected fair PPS after all pre-split shares are covered is approximately .50 with
possibility of a forward split next week also!

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bksundar
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Is the party over ?
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bksundar
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New low is 0.095, but rising from there ....
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bksundar
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Good bounce from 0.095
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bksundar
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0.0135 * 0.14 now...
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bksundar
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Keeps touching 0.14 from time to time... What is up ??
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jellybean
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Guy----Where did you see the possibility of a forward split?
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MB
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I am still expecting a big run on this next week. Waiting for PR monday. Still say we see .5 an higher.
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Guy Tough
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quote:
Originally posted by jellybean:
Guy----Where did you see the possibility of a forward split?

sorry Jellybean---
I seem to have misunderstood the rumor...
Most hopefuls are expecting a PR Monday, stating the fact that the reverse merger will be closed,
(this was a reported email to some shareholders from Don Platten,which seems a bit odd in itself). Not a forward split at all.

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Guy Tough
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I guess the big deal is an expected PR monday combined with the alleged short squeeze cover
(2.8 mil OS as I understand...)

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bksundar
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I guess the short squeeze play is over and it goes down the drain now.
At 0.065 low now (0.000013 pre-split !!!!)

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MakeMoney
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ANYBODY SEE THIS. THIS WAS ON THE OTCBB SITE.

American Way Business Development Corp. Announces Letter of Intent
American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB") announces today that it has signed a letter of intent with Dynamic Resources LLC (the "Company") to acquire one of its business lines.

The Company is a conglomerate with a number of business lines including a patented lovemaking game (the "Lovemaking Game"). The Lovemaking Game has opened a new horizon on the sexual frontier. The Company has been in business since 1998 with distribution throughout the United States, Jamaica and the West Indies.

AWYB will own the Lovemaking Game together will all patents and trademarks related thereto. "This is a very exciting for us," says Don Platten, President of AWYB. "However, this transaction could not have been possible with all the shares then outstanding and the seeming fact that there were some individuals or entities shorting the stock. We anticipate that, upon consummation of the proposed transaction which we anticipate will be on or before September 30, 2006, those persons heretofore short selling AWYB's stock will reevaluate whether this is a wise course of action."

For more information on the proposed transaction or if you are interested in being a distributor for the Lovemaking Game, please e-mail me at donplatten17*aol.com from and after September 25, 2006.

"About American Way Business Development Corporation": AWYB specializes in the acquisition and sale of small private companies. After a partial divestment in a subsidiary, AWYB maintains an ownership interest in these companies thereby building value for AWYV as its affiliates continue to grow. Ultimately, AWYB one lends strategic support to assist growing enterprises in setting and meeting strategic and financial objectives.

This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "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.


Source: Market Wire (September 18, 2006 - 8:00 AM EST)

News by QuoteMedia
www.quotemedia.com

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He who dies with the most toys Wins!!!

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Poot Poot
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Weeeeeeeeeeee

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Poot Poot

Posts: 237 | From: CT | Registered: Jul 2004  |  IP: Logged | Report this post to a Moderator
   

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