posted
Now, I am among the first to say that Cornell has doomed many a company, but they are no where near the crooks as a company like AJW- which has an offshore branch that can short the stock and stick into a death spiral connundrum. However, if you read the filings, it seems that IVCM has a fairly well written agreement with Cornell that limits the number of shares that can hit the open market and if you observe the communications with t/a- a limited number of shares are being thrown into the open market.
Cornell only gets a 90% discount on the conversion rate. At this PPS, they can't get a discount anymore, so you have to imagine that hinders the conversion as well.
Here's another reassuring statement.
"Cornell has agreed not to short any of the shares of Common Stock."
Anyway, at a minimum, it looks promising.
Posts: 939 | From: Little Rock, AR | Registered: Dec 2005
| IP: Logged |
posted
Their slowly diluting this pig in small increments to be discreet. It's shell with nothing going for it but to sell shares. A shell is suppose to reduce it's count to make it a better merge candidate but IVCM is a printing machine. Still have a bit of this pig but looking to sell at 6. It is illegal to short these stocks so the comment "cornell said they would not short" is the most laughable thing I've heard in a long time
Posts: 514 | Registered: Feb 2007
| IP: Logged |
...it's obvious there is some dilution going on, but the doomsday prophecies of rampant Cornell dilution purported by the farmer are refuted not only by the filings, but also by the data provided by the transfer agent. The o/s has only increased 16mil since 3.06.08, period.
Posts: 2728 | From: Seattle | Registered: Feb 2005
| IP: Logged |
posted
**********: SIRI, UCBI, SCLL, IVCM, PRGJ, RDSMY Have Also Been On ********** Naked Short List For 13 Consecutive Trading Days
Mar 31, 2008 (M2 PRESSWIRE via COMTEX) -- **********, www.**********, announced today that these select companies have been on the NASDAQ, AMEX and NYSE naked short threshold list for 13 consecutive trading days: Sirius Satellite Radio Inc. (NASDAQ: SIRI), United Community Banks Inc. (NASDAQ: UCBI), Stem Cell Innovations Inc. (OTCBB: SCLL), IVI Communications, Inc. (OTCBB: IVCM), PRG Group Inc. (OTC: PRGJ), Royal DSM NV Sponsored ADR (OTC: RDSMY). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.**********. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. Regulation SHO mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
They have to produce at some point. Could drive the price up.
-------------------- Buy when blood runs in the streets Posts: 1367 | From: lucedale ms usa | Registered: Dec 2004
| IP: Logged |
posted
IVCM hit dead bottom .0002 I see reversal here with volume (12.85M so far 10:06am est)
Posts: 635 | From: california | Registered: Nov 2005
| IP: Logged |
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 9935 | From: NYC | Registered: Mar 2006
| IP: Logged |
posted
sold some at .0012 Riding freebees. I also will by in 3's,4's. if she drops that far.
Posts: 72 | From: DOVER DELAWARE | Registered: Aug 2007
| IP: Logged |
posted
Yep, she has been a great flipper over the last month or so. I'm sure we'll have a chance to play again soon enough...
Posts: 2728 | From: Seattle | Registered: Feb 2005
| IP: Logged |
UBBFriend: Email this page to someone!
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)