posted
Lots of folks at ihub have gotten their divy. TDA hasnt updated yet. There are some that got the divy that didnt go with their sell after the 11th, so this now becomes interesting again. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
This is getting a little interesting now. TMAN...
Ulysses Holding Corp. to Retain an Outside Auditor, to Review Trading Activities in Its Securities 10:36a ET March 10, 2008 (Market Wire) Ulysses Holding Corp. (PINKSHEETS: UHCR) announced today that after a special weekend meeting between its management and advisors that the company will retain an outside auditor to review the trading activities and share counts of its securities.
The company has determined that this course of action is necessary to determine the continued stagnated price of its securities as the company continues to trade near its 10 day average with virtually all buying and minimal selling yet the share price continues to remain the same.
The management and their advisors believe that suspicious trades are or have taken place (suspected naked shorting and or phantom shares) as the company has lost 66% of share value/market cap (pre-dividend) within the last 30 days with no increase in the float (free trading shares) by the company.
The company has received evidence that certain brokers and banks may have issued phantom dividend shares to persons not entitled to receive them. Additionally, some brokers issued dividends prematurely to customers who sold before the issuance date, but the persons who bought the shares also received the dividends, creating a short position for the brokerage house that erred. In fact, some customers who received their dividends prematurely sold both their stock and the dividend, and the persons who bought the shares and dividend then received a dividend on both the original shares and the dividend shares. This appears to have resulted in non-existent shares being traded by the public.
According to published reports, over one percent of the company's shares are on the short sale list. Of course, the holders of the short positions would owe the dividend shares as well. This, of course, does not account for the broker errors or the improper naked short positions.
Management also noted that, perhaps learning from a similar situation which occurred with PAIVIS Corp., TD Ameritrade seems to be one of the few brokers that properly accounted for the dividend. The company received complaints that other brokers prematurely issued the dividend to some customers thus causing a need to create a massive cover in its securities.
"We are very concerned with the possible naked short selling of the company's securities and will take all legal measures to assure that this decimation of the company's share price be halted immediately, as it is my obligation as President & CEO to protect the company's and shareholders investment," said Clayton Young.
Clayton Young, President & CEO, also stated, "The company's year end revenues exceeded expectations along with the pending opening of an additional 4 units and the acquisition of SecureNetView that clearly the short-sellers (of which we believe) were not expecting our resolve in the growth of this company. We will utilize any and all legal remedies to protect our shareholders and the company including contacting the SEC, I would like to also thank the numerous loyal shareholders who have lent their time and energy in bringing this problem to our attention and I can assure all the shareholders that the company and myself will do everything possible to remedy these illegal activities that we believe are being perpetrated upon our company, I will be sure that we force each and every share to be accounted for and covered, upon the completion of our independent auditors findings."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
Related Quotes Sym. Price Chg. UHCR Trade News 0.07 0.002 Ulysses Holding Corp's Outside Auditor Recommends an Immediate Reviewof All European Markets
Mar 11, 2008 02:24:45 (ET)
LONDON, Mar 11, 2008 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR), as previously announced, has assigned a special outside auditor to review the trading in their securities. The auditor has recommended that an immediate review of the European markets would be appropriate.
The company's outside auditor believes that the possible shorting of its shares may be originating from the Berlin Stock Exchange or other European exchanges, and based on this recommendation the company has moved to retain a very well respected Barrister in London, England, to investigate said claims.
The company is humbled by the International recognition that it has received, but wishes it was under different circumstances. The company continues to conduct business as usual and hopes that any wrong doing will be corrected and laid to rest.
"We are only concerned with doing business and our shareholders' interest; I appreciate all the hard work that our auditor, attorneys and others are doing on our behalf to correct any injustices that may have occurred, we only want to get back to doing business and building our company," said Clayton Young President & CEO.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
Are you guys on crack? This CEO has no clue WTF he's talking about. "Hey, let's double the share count to make the company twice as valuable. In fact, why not do a 10,000:1 split, whoops, I mean 'dividend', so we have a higher market cap than Microsoft and Google!?!?! Weeeeeeeeeeeeeeeeeeeeeeeeeeeeee"
His advisors must likewise have no clue how markets work.
quote:Originally posted by Jason0352: "I have on the advice of the company's Financial Advisors decided that this action will be in the best interest of the Company and its Shareholders as the Company's Securities have become stagnant due to the fact that we believe the float is too low, after the Dividend the public float will be a very reasonable 8,296,924 thus bringing the company's market cap to a still very undervalued $414,846 from the current market cap of $207,423," said Clayton Young President & CEO.
Mr. Young also added, "The company and its advisors believe that since the very small float after the Dividend will not have any negative impact on its share price."
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Oh, I'm not stupid, I know you can (and often do) make more money off of stupid management than good management in penny-land, but to hear some people (not here, necessarily), he's the worlds smartest man and is about to make everyone multi-billionaires...
by the way, considering the 2 blocks of 250K+ each of the last two days, isn't it time to worry that there can't be much more to cover, considering the absolute max short was (according to someone else, I didn't check it) 4 million, which makes it more likely that it was under a mil? If half the short or more is alreay covered, where's the upside potential?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Why would you get out, given the HUGE short squeeze that's gonna happen soon : Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Ulysses Holding Corp. Releases Its Outside Auditor's PreliminaryRecommendations
Mar 13, 2008 13:43:04 (ET)
JACKSONVILLE, NY, Mar 13, 2008 (MARKET WIRE via COMTEX) -- Ulysses Holding Corp. (PINKSHEETS: UHCR) previously announced that it has retained a special outside auditor to review the trading patterns of its securities.
The auditor has recommended after its preliminary review that the company immediately change its CUSIP I.D.; secondly, the company erred by issuing a stock dividend, as this only allowed the increased potential for shorting of its securities.
The auditor also recommended that the company embark on a buyback of 4 million of its common shares on the open market effective immediately.
"Management has accepted the auditor's recommendations and will implement such immediately; we will not tolerate any abuse in the trading of our securities by anyone and will take whatever action necessary to stop any and all abuses," said Clayton Young, President.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
posted
Well, I have to admit the CEO played it right. There was huge hype on this one, and this PR was just what the longs wanted to hear. Regardless if there was a short position or not, I wouldn't be surprised to see a run from here on this news. I humbly apologize to who ever I convinced to sell.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Theres lots of room to buy in here. The CEO wants this between $1-$2 range and with a 4 million buy back this thing will fly. They're buying back half the float!!!
Posts: 111 | From: nyc | Registered: Aug 2007
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posted
Yes, this is just the beginning of the bigger run in my opinion. Could gap up huge tomorrow am.
Posts: 630 | Registered: Jun 2006
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posted
Okay, let's be realistic here. Why would you do a 1:1 split and then buy back all those shares at higher prices?
Even if you acknowledge that the split was a mistake, I don't see how the "fix" is to blow a bunch of cash buying them back. Anyone know how much cash the company had on hand to see it it would even be possible to do it?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Okay, let's be realistic here. Why would you do a 1:1 split and then buy back all those shares at higher prices?
Even if you acknowledge that the split was a mistake, I don't see how the "fix" is to blow a bunch of cash buying them back. Anyone know how much cash the company had on hand to see it it would even be possible to do it?
If you had bought when I told you to you would now have another almost 100% gain dude. Sheesh!
Posts: 630 | Registered: Jun 2006
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posted
Yeah, but you continue to ignore anytime I ask a legitimate question. As tex says, the point here is to get better at trading. One thing I won't do is buy a stock because someone says to, without being clear on why I'm buying it.
For the record, I did buy some when I saw the PR, and am already out for just over a 20% gain. The reason was because I could see the momentum, and predicted how people will take the news.
However, if I am to stay in for more than a short pop, I need to know if it's possible to do what he says, because it smells bad to me. My instinct says it's just another pinky CEO trying to create a fake short squeeze by getting people all fired up and buying en masse.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Yeah, but you continue to ignore anytime I ask a legitimate question. As tex says, the point here is to get better at trading. One thing I won't do is buy a stock because someone says to, without being clear on why I'm buying it.
For the record, I did buy some when I saw the PR, and am already out for just over a 20% gain. The reason was because I could see the momentum, and predicted how people will take the news.
However, if I am to stay in for more than a short pop, I need to know if it's possible to do what he says, because it smells bad to me. My instinct says it's just another pinky CEO trying to create a fake short squeeze by getting people all fired up and buying en masse.
It's a PENNY STOCK dude - they all are BS and run on MOMO, PR's , etc. Who CARES if it is 'legitimate' LMAO !! !
IT'S RUNNING AND IT'S GOING MUCH MUCH MUCH HIGHER
And really that is all that matters, I can't believe you actually make money with your attitude!
Posts: 630 | Registered: Jun 2006
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posted
I do pretty well because I don't lose money on many plays. Sure, I miss out on a lot, but just because it's a penny stock going on momo doesnt' mean you shouldn't confirm the things that it's running on. You'll get burnt far too often if you buy a stock like this that's already up 100% on a rumor, because people who were in early have already found that the rumor is false and are moving on to the next one.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
For example, on one like this, the big guys may see that they have no cash on hand, so they can't buy any shares back, and sell after a tidy profit. Or they may find that the company has 10x more cash than they need, and may stay on until they see volume of 5-6 million, and be totally comfortable doing so. People who don't do any checking are the ones taht get nervous on any move up or down, because they don't know what it will do next. I won't get in a stock unless I'm pretty sure I know what it will do next, and why.
You obviously don't play that way, and that's fine, to each his own.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by SoAngel: I really wish I never saw the letters UHCR again for the rest of my life.
After i sell out I will probably never trade this again. Made money in 2006 on the first big ass run, then reentered and didnt cut my losses. Went through the RS and bought on dips until my cost was at .09. The divy set my cost at .045. Now I am basically riding free shares so I hope the hype carries this one up a little more. It will be a nice little payday when I am out. BTW PCola good trade, 30% is good any day. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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quote:Originally posted by tmanfromtexas: What the hell did you buy at homer? was it before or after the split? TMAN...
After! I haven't played this since early Feb, but I saw the news late and hoped in at 085.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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