posted
well atleast he got all the shares he asked for. lol
but not at the rigght price mind you. lol
-------------------- I refuse to tiptoe through life... only to arrive safely at death. Posts: 221 | From: michigan | Registered: Feb 2007
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-------------------- I refuse to tiptoe through life... only to arrive safely at death. Posts: 221 | From: michigan | Registered: Feb 2007
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posted
Strange development on Yahoo Finance overnight (never quite seen that in the actual name of the stock), not sure what it means, but it can't hurt:
Winsted Holdings Inc., Prior to Reverse Merger with Appletree Capital Ltd. (WNSH.PK)
Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
yeah bullistic... very interesting. 'hint hint'
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
This one should be a nice longer term, multi legged play as it works its way up into penny land. It's fun watching it develop and un-fold. GL to all in this one, cause I'm all in on it. JMHO
Vagabond
-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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Found out that Frank/Byers Food deals with both companies listed below
1. They deal with Sea Watch out of Maryland Sea Watch International is proud to be recognized as the largest harvester and processor of clam products in the world. All of our clams are harvested in US fishing waters under US Federal regulations. Over the past 28 years Sea Watch has taken its place as the leader in the offshore clam industry. http://www.seawatch.com/
2. They also deal with Diana's Specialties out of Illinois The goal of Diana's Specialty Foods is to produce the best products that you, your family and friends have ever tasted. Specializing in creating gourmet food products using the finest ingredients from around the world, every recipe is manufactured in small batches to bring you the fresh flavorful taste of homemade. http://www.dianasspecialtyfoods.com/
-------------------- May God Bless All. Posts: 46 | From: Houston,TX | Registered: Nov 2004
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Found out that Frank/Byers Food deals with both companies listed below
1. They deal with Sea Watch out of Maryland Sea Watch International is proud to be recognized as the largest harvester and processor of clam products in the world. All of our clams are harvested in US fishing waters under US Federal regulations. Over the past 28 years Sea Watch has taken its place as the leader in the offshore clam industry. http://www.seawatch.com/
2. They also deal with Diana's Specialties out of Illinois The goal of Diana's Specialty Foods is to produce the best products that you, your family and friends have ever tasted. Specializing in creating gourmet food products using the finest ingredients from around the world, every recipe is manufactured in small batches to bring you the fresh flavorful taste of homemade. http://www.dianasspecialtyfoods.com/
-------------------- May God Bless All. Posts: 46 | From: Houston,TX | Registered: Nov 2004
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In a speech on the floor of the U.S. Senate today, Senator Bob Bennett (R-UT) called for Senate Banking Committee Chairman Chris Dodd to conduct a hearing into stock market fraud, specifically addressing the issue of naked short selling. Sen. Bennett has been a long time proponent of stock market reform, and was instrumental in proposing a Senate Banking Committee hearing into naked short selling as early as late 2004, which were eventually shelved by then Banking Committee Chairman Sen. Richard Shelby (R-AL). He said that Sen. Dodd, who has entered the 2008 Presidential election, was willing to conduct a hearing into the issue:
“I think it is serious enough that we ought to have a hearing about this in the Banking Committee, and I have spoken to the Chairman of the Banking Committee, Senator Dodd, and asked him if it wouldn’t be possible for us to have much of a hearing at some point in the future, and he’s expressed a willingness to do that. I can understand, we can’t set a time for that right now. There are too many other things going on in the Banking Committee, but I’m delighted to know that he’s willing to cooperate with us in examining this. And I would like to suggest several things that I would like to discuss at that hearing.”
A source close to the issue said, “Senator Bennett has spent an enormous amount of time studying this problem, he’s intimately familiar with the abuses in the stock market. This speech is his opening salvo.” He went on to say that “We need an avalanche of letters and emails from every state in the Union going to every member of the U.S. Senate, urging Sen. Dodd, the chairman of the Banking Committee, to hold the hearing on Sen. Bennett’s recommendations.”
After first explaining the basic issue of naked short selling to his fellow Senators, Sen. Bennett then addressed the SEC and the creation of the DTCC, and their role in trade settlement, and how the need for a system to facilitate trade settlement led to the creation of the DTCC, or the Depository Trust and Clearing Corporation. He said that the while the DTCC is regulated by the S.E.C. that” I don’t think that last statement is true. I’m not sure that the S.E.C. has control over the DTCC. He then quoted from a Wall Street Journal article that said, “Almost all stock is now kept at the company central depository and never leaves there. Instead, a stock buyers’ brokerage account is electronically credited with the securities entitlement. This credit can, in turn, be sold to someone else.”
Then Sen. Bennett described how electronic settlement, which he called “replacing paper with electrons,” can “provide cover for naked shorting of the stock” because shareholders are given an electronic credit for the purchase instead of physical delivery of the shares. From there, he described how electronic trading, and the DTCC’s practice of keeping shares in what has become known as the “DTCC Borrow Pool,” invites manipulation of the system:
“So this happens: a short seller enters the market and says, “I want to short—I want to sell 1,000 shares of XYZ stock so at some point he has to produce 1,000 shares to cover his sale. How do you do that? You borrow the shares. And then you buy them back at some future time. All right. From whom do you borrow them? The DTCC. They have all of the shares on deposit. So you go to the DTCC and you say, I want to borrow 1,000 shares of XYZ stock. They say, fine, we have them on deposit and will lend them to you so you can use them for your ‘short’ sale. All right, everything’s fine. Except that, in this electronic age, it is possible for you to keep shuffling around the electronic impulses that represent the stock and never, ever, have to buy it back. Stop and think about that, Mr. President. That’s a pretty good business plan. You can sell as much as you want and never, ever, have to pay for it. You could go in, the stock trading at $5 a share. You go in and sell 1,000 shares. You paid $5,000 for selling 1,000 shares and you never have to buy them. Because you are constantly moving around the electronic impulses that represent those shares. You never have to cover.
Now, when you talk to the DTCC people they say ‘No, we always make sure that there is a delivery and if there’s not, it’s not our fault. It’s not our responsibility to police this, it is up to the brokerage house to do this.’ The S.E.C. has spent enough time looking at this and enough time talking to me that they issued to me a three-page letter outlining the steps they have taken to stop the practice of ‘naked short selling.’”
After talking about recent rules implemented by the S.E.C. in an effort to deal with the problem of naked short selling, he talked about another method of circumventing the rules, a scheme that is commonly referred to as “stock kiting,” where two brokers pass shares back and forth between themselves, with each one holding the shares for thirteen days, the limit before forced settlement of the trade, and then passing it back to the other broker, where, according to Sen. Bennett, “they ping-pong these back and forth as long as they want. So you can have a situation where people are selling shares that don’t exist, taking commissions on the sale, and the profits of the sale, and never ever having to produce the shares.”
Bennett also said “I think a Congressional hearing is a good place for those who are running the DTCC to explain to us how it really works. And I would like the S.E.C. to come in and give us their background and information as to how their rules are working to try to stop the naked short selling.”
He laid out a number of proposals in his speech, including “a rule that says that brokers cannot borrow for short sales more stock than is on deposit with the DTCC. I think that’s just obvious. If there are 3 million shares of XYZ company on deposit at the DTCC, people should not be able to short sell 4 million shares…So my first recommendation would be that the DTCC cannot make available loans for short sellers more stock than they have on deposit. Once they have reached the point that 100% of the shares they have on deposit have been loaned out, they can’t loan out anymore. I think that’s just an obvious, commonsense recommendation, but it doesn’t apply now.” He also said, “there ought to be a rule that says that a broker cannot be paid a commission on a short sale until the shares are delivered.”
"It does not involve very many people, but for the people—to the people who are involved, it, frankly, can be a matter of life and death. And there are enough of them starting businesses and creating entrepreneurial activities in the United States that we owe it to them to find out exactly what is going on with respect to this.
That’s why I’ve asked Chairman Dodd to consider a hearing on this matter, to let us hear from the S.E.C., to let us hear from the DTCC, to let us hear from those in the marketplace who have actual experience with this and see if the present S.E.C. rules are sufficient or if we need to do additional things around the lines of the two items that I have suggested.”
Our anonymous source, who has spent years behind the scenes working for stock market reform, stressed that the hearing could hinge on the level of response from those who have been affected by stock market fraud, saying, “There’s been no bill introduced, but Senator Bennett is prepared to introduce a bill if these issues are not resolved. We need a nationwide campaign to get people to write their senators urging them to tell Sen. Dodd to hold hearings into the issues that Sen. Bennett addressed in the U.S. Senate today.”
-------------------------------------------------------------------------------- TAKE ACTION NOW!!! WITHOUT YOUR HELP, WE WOULD NOT BE TALKING ABOUT THIS IN THE U.S. SENATE....WITH YOUR HELP, WE CAN FIX OUR STOCK MARKETS!!!
or write him at: U.S. Senator Chris Dodd 448 Russell Building Washington D.C., 20510
or: U.S. Senator Chris Dodd 30 Lewis St Suite 101 Hartford, CT 06103 ****************************************************************
The above article is important for all to read. I have some thoughts that I will share on the issue to explain. I was ask by a few people to explain the current issue dealing with naked shorting and the Failure To Delivers (FTDs) in relation to WNSH. Reading this article would be a good start to understand the angle of some of my future thoughts.
v/r Sterling
-------------------- May God Bless All. Posts: 46 | From: Houston,TX | Registered: Nov 2004
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quote:Originally posted by ATL8ball: Been holding this for about a year... about time to see a little movement.
Did anyone else get interviewed for an artcle in a San Francisco paper about this stock?
I received a PM a few months ago from someone asking if I had any info about the former CEO but I never responded.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
this next move up sees us breaking .001 with strength imo.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
I hope so. I have 2000000 at .0001 and am holding for a possible huge gain. I know this is risky considering I have been burnt by every stock that I have owned at .0001 by reverse splits.
Posts: 712 | Registered: Mar 2006
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quote:Originally posted by gumzsa: I hope so. I have 2000000 at .0001 and am holding for a possible huge gain. I know this is risky considering I have been burnt by every stock that I have owned at .0001 by reverse splits.
Wow 2m at 0001? Can you pass some of that luck over to me? Haha, nice man! Just be sure to take profits!
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
Unfortunately this would have to go to about .0020 for me eat up all of the losses I have had on CBEL,PRHB,MHUS,GWGO,ILGY,VWKM,PAIM,PDSC,and MHUS because of the reverse splits. I chased all of those while I was learning and bought WNSH early on rumor. Maybe "Buy on rumor sell on news" is true.
Hey Homersbud,
Since I have a chance to take profits on a couple of stocks is there a general rule of when you should sell a micro penny stock. Like I said I am not new at losing my money but I am new at having a chance to make money. I just dont want to sell at .0008 then have it go up .01 and shoot myself.
Posts: 712 | Registered: Mar 2006
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quote:Originally posted by gumzsa: Unfortunately this would have to go to about .0020 for me eat up all of the losses I have had on CBEL,PRHB,MHUS,GWGO,ILGY,VWKM,PAIM,PDSC,and MHUS because of the reverse splits. I chased all of those while I was learning and bought WNSH early on rumor. Maybe "Buy on rumor sell on news" is true.
Hey Homersbud,
Since I have a chance to take profits on a couple of stocks is there a general rule of when you should sell a micro penny stock. Like I said I am not new at losing my money but I am new at having a chance to make money. I just dont want to sell at .0008 then have it go up .01 and shoot myself.
There isn't a general rule as each trader has their own style of trading plus it all depends on the stock and what's driving it up to begin with (news, rumor, pump, etc). Best thing to do is take out your initial investment plus some more, so if the stock tanks, you still come out on top and if it explodes, you still have some left to sell.
If I was in WNSH at 0001 for 2m, I would be out completely by now, but that's just my style! Whatever works for you man because it really all comes down to you! Just don't be greedy! It'll kill ya everytime!
Posts: 3026 | From: Chicago | Registered: Oct 2005
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posted
I'd agree with that. With the 8K filing confirming all the new management's claims about the change over, people should be more comfortable buying. EOD volume seems to confirm that.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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Winsted Holdings Creates New Subsidiary, Announces First Spin-off 11:07 AM ET - BusinessWire Winsted Holdings, Inc. (Pink Sheets:WNSH) Creates new subsidiary, announces spin-off shares.
President and CEO Francis Manzo announced the creation of subsidiary Winsted Acquisition I, Inc. as a Nevada corporation. The new subsidiary will acquire and initiate companies related to the food and beverage industry. As part of the corporate plan the Company intends to distribute shares of the new subsidiary to current shareholders. Shares distributed will be on a pro-rata basis under Rule 144. The Company intends to distribute shares in the subsidiary at a share ratio to be determined. The dividend date is yet to be determined. The Company will begin the necessary regulatory filings to begin the process of the spin-off.
Winsted Acquisition I, Inc. will be spun off from Winsted Holdings Corporation as a separate corporation and will file a 15 (2) 2-11 upon the spin-off in order to achieve trading status.
Winsted Acquisition I, Inc. intends to look immediately for acquisition candidates in the food, natural food and beverage markets.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as WNSH or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
SOURCE: Winsted Holdings, Inc.
Appletree Capital Ltd., Northfield, IL Francis P. Manzo III, President, 847-441-1822 http://www.winstedholdings.com/ info*appletreecapital.com
Posts: 712 | Registered: Mar 2006
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