posted
by the way, a cuspid is a tooth, a CUSIP is what you're referring to.
quote:Originally posted by beandog24: New cuspid tommorrow and the cover begins, sweet. Around 20 million short est. on a 3 million float lol, no brainer here.
posted
Egg, IMO this thing will HAVE to go much higher if the following assumptions are true
1) The float is 2.8 million (or close to it) 2) The number of shorts is 20million+ (or close to it) 3) A new Cusip number is issued and certs must be exchanged.
If any of those things aren't true, then all bets are off, but I am still holding, based on the fact that I have not seen any evidence to indicate that any of them have changed.
IP: Logged |
posted
I have been following it from the AWBV days and reverse split of 1:5000. There is a major short squeeze (presplit adjusted closing price is 0.50)
Also the stock is showing amazing strength for the amount of flippers out there. It is hard to make it go below 0.35 for long... I recognize strength in this one. But that is just my opinion....
I bought 45800 at average price of 0.10 and sold at 0.50. Now back for 25K at 0.30 a few days back...
IP: Logged |
posted
I'm still in and holding. Not sure if there's a way to track this, but to me the biggest indicator of the short squeeze still being in play is the ridiculous sized after hours "settlements of trades"
like today, it started running, then all of a sudden there were no trades for like a half hour, and mysteriously there was a settlement for 320,000 shares after hours, or over $120,000. IMO MMs are holding ordes to make it seem like there is no interest, and then they bring the ask down.
I'm typically not an MM conspiracy kind of guy, but this has been going on for days and days now. With hundreds of thousands of dollars being held back during trading hours.
IP: Logged |
posted
AWYB new cusip added ... she should rock now when shorts have to cover could be huge. http://www.cusip.com go to bottom of list for details
IP: Logged |
posted
Yeah, I also think dividend news is a bit of a reach. This is not a company that could/should be paying any kind of dividend. It's not a good company at all, IMO, just a good short squeeze play.
IP: Logged |
AMERICAN WAY BUSINESS DEVELOPMENT CORP. UPDATES SHAREHOLDERS ON CERT RECALL
Market Wire BOCA RATON, FL -- (MARKET WIRE) -- 10/25/06 -- American Way Business Development Corporation (PINKSHEETS: AWYB) ("AWYB" or the “Company”) on Friday, October 13, 2006, announced that it was taking the necessary steps that would lead to cert recall starting with a new CUSIP number. We finally received the new CUSIP number yesterday. We are now proceeding with the next steps. The key specific steps that need to be taken include (i) finalizing the details of the new certs with the transfer agent; and (ii) obtaining a new NASD symbol. Since both the NASD and the transfer agent have been kept apprised of all our actions, it should not take very long at all. The NASD will then require that all future trades be done with the new certs. The Company believes that, once the mandatory cert exchange is finalized, it will resolve the shorts problem once and for all. Specifically, we expect the process to work as follows. In its TA letter to NASDAQ, the transfer agent will note that the current shareholders will need to send in their current certs for the new certs being prepared by the transfer agent. NASDAQ will then inform DTC of the exchange requirement; DTC will in turn inform CEDE and other affected brokers of this requirement. This will have the effect of suspending trading until the old shares are sent to the transfer agent and new shares reissued. Don Platten, President, states: “We understand that this is an onerous process but, after talking to our advisers, we realize that there is no other way of dealing successfully with the shorts. We also want to advise our loyal shareholders that once NASDAQ has informed DTC of the exchange requirement, the process will be entirely out our hands. How long it will take for the new certs to be issued will depend entirely on how quickly CEDE and the other share holders send in their current shares to the transfer agent. We cannot tell you with certainty whether that will be a matter of days or weeks. In any event, we urge our shareholders not to panic. We believe that this is the only sure way to force the shorts to cover their position. At this point, we encourage our loyal shareholders to advise your brokers to turn the AWYB certs to the transfer agent ASAP and not to sell into the shorts; otherwise, all our efforts will have been in vain.” 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.
-------------------- Me Trade Pretty One Day.
IP: Logged |
posted
Yeah, not an immediate reaction like I'd hoped, but this was the first major hurdle. The PR confirmed that the CUSIP change is real and any shorts will be forced to cover.
We should start seeing concrete moves soon.
-------------------- Me Trade Pretty One Day.
IP: Logged |
posted
First green day...keep track here. MMs sucked up alot of shares today. Covering their short position slowly here. They don't want anyone to notice.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
