Evening Zeev, This is a long post and I did not proff it for spelling and grammar errors.
I have contacted and received from the NASD/OTC BB site the daily time and sales logs. So I could get a grip on the fall and try to figure out why. I am/have also pulled every post on SI the check in reference to the trading. See, I am accumulating data for a book and this one I got a surprise on when I got the OTC BB reports, which I have sent a request for an answer or rather a description.
The "G" coded trades have me stumped. Instead of a cancel or some other code in the legend the "G" showed up at a strange time then disappeared. Have not seen it before but most were MM Buys from the MM and to be added to the Buy daily total, which is the only code I had to that to. The non-reported to the public where double ticks basically.
Now that I have the daily tiem & sales, I am ordering the other reports to compared and see what may have happened and is happening.
1.) March (No threads or mention) there was normal trading with an increase in price. On March 11, 15 & 22 the price fell a bit because these days the difference was a negative. End result of the month was 67,295 (7%)were oversold and the price started at $1.53 on the ninth to a $5.00 (226%)close and high which is an example of a thin free trading float (street name). However, 301,890 (32%)were not made available to the public and were mostly MM buys which I am assuming was cross overs or other side of the trade. 930,607 was the total buys and sells not counting non public or cancels.
2.) April (Still no thread or mention on the internet)6 & 22 the price fell a bit because these days the difference was a negative. End result of the month was 238,764 (16.5%)were oversold and the price started at $5.00 on the to a $6.31 close and $6.50 (30%)high which is an example of a not so thin free trading float (street name). However, 427,692 (29%) were not made available to the public. 1,454,548 was the total buys and sells not counting non public or cancels. Since it was before my time I can not say for sure what was in the street name.
3.) May (May 5th RB started a thread and May 21 on SI)20 & 24 the price fell a bit because these days the difference was a negative. End result of the month was 443,760 (28%)were oversold and the price started at $6.50 on the to a $7.50 close and $7.81(20%)high which is an example of a not so thin free trading float (street name). However, 302,702 (20%) were not made available to the public. 1,542,610 was the total buys and sells not counting non public or cancels. Since it was before my time I can not say for sure what was in the street name.
Up to this point I do not see anything but normal dilution and trading for 90 both the price was rising as was the oversell and the total volume. 749,819 had been oversold with 3,927,765 total volume
4.) June 1, 10, 15 & 21 the price fell a bit because these days the difference was a negative. End result of the month was 334,607 (33%)were oversold and the price started at $7.50 on the to a $2.44 close and $3.00(-60%)high which is an example of a correction. However, 110,098 (11%) were not made available to the public. 1,002,027 was the total buys and sells not counting non public or cancels. Since it was before my time I can not say for sure what was in
the street name.
Now this is strange because on June 4, 1999 there was 120,000 traded, of which, (43,200 MM buys & 76,900
MM sells which was and over sell of 33,700)and it fell from $7.50 to $1.75. I have a hard time believing this is a P & D because this set the stage for the decline. Plus the monthly volume was only 71,420 more than March and down 33% from the April and May, plus it ended up 33% oversold.
Again, I do not see a P & D!
5.) July gets interesting because only the 8th & 22nd the price fell a bit because these days the difference was a negative. End result of the month was 830,138 (23%)were oversold and the price started at $2.50 on the to a $0.45 close and $0.65(-74%)high which is NOT an example of a correction. However, 84,313 (2%) were not made available to the public. 3,612,542 was the total buys and sells (a 300% in Volume, not counting non public or cancels, BUT suddenly at the $2.00 mark on July 15th the "G" trades started 422,500 (12%) which had to be added into the MM Buy column so the daily volume checked out. (awaiting an answer on what these G trades are from OTC BB) Now I got in this stock on July 29, 1999 @.47 when it gapped from .34 to .688 on a 5000 MM Sell.
Now with an oversell of 23%, I do not understand the fall Plus DTC showed 3.2M in brokerage accounts and the TA (Transfer Agent) stated 1.6M Street Name PLUS the accumulated oversell from March to July was 1,914,564. Now if you add the oversell to the street name you get close to the DTC report. I take this that there was a short position of the entire street name but because of the July total oversell which is greater than the street by 314,564 share (naked) since max loan was 1.6M is my opinion.
Basher Quotient:
On the 15th a thursday the strange "G" trades began. Oversell was 5,982 on the 15th and 500 on Friday the 16th. Now On Monday the 19th the oversell went to 25K and the "G" went up also. ALso note on July 19Th TideGlider makes 3 posts in the evening on a P & D because of a gold advisor post. Hmmm ... TideGlider had/has no interest in the stock? Anyway he goes away and "G" trades begin to grow to 422K and the oversell increase especially on the 29th the day I bought in. The volume tripled on the 29th 635,450 & doubled 1.2M on the 30th but the "G" followed suit.
6.) August becomes a extrememly strange month because 10, 13, 17 were 100K unsersells and the 16th of 10K the price fell a bit more because these days the difference was a negative. End result of the month was 7,442,231(23%)were oversold and the price started at $0.45 on the to a $0.13 close and $0.14(-60%)high which AGAIN is NOT an example of a correction. However, 190,150(.005%) were not made available to the public. 42,122,599 was the total buys and sells (a 1100% in Volume, not counting non public or cancels, BUT suddenly the "G" trades started 420,000 (.01%) which had to be added into the MM Buy column so the daily volume checked out.
Now what is interesting is the street name:
On August 16 the street name went from 1.6M to 5.6M
On August 23 the street name went from 5.6M to 10.3M
Shareholders were disgruntled with the unknown reason for the price drop ...
Another words people holding certs were depositing their certs. By the end of August 9,356,795 almost the same as the street name had been oversold. What ever gets in street name the oversell moves towards that number. Now even if those people sold a share why did the oversell go over double the streetname? Even if those people were a D&P and promised those shares to cover a short why did the oversell go so high? Figures do not lie on liars figure.
Now the Basher Quotient:
On August 1 Laser shows up and by the 3rd was wanting to know if I was paid. The SI thread was positive and talking about the stock till the 3rd when Laser's partner on the thread Tim Hall shows up. By the 4th Tim was tagged because all I did was verify and disprove him.
On Thursday August 5th Jeffrey S. Mitchell (TideGlider was silent) but Jeffrey was recruted by guess who (TideGlider) and suddenly the "G" Trades stop! Next Laser and Jeff try to build a lies ... However the oversells increased drastically over the next couple till the nineth where I was proving the bashers wrong and lying with every innuendoe, and by the 9th Tim did not want to play anymore and Jeff went silent heck the whole board went silent by the 10th of August. No bashers nothing to post.
Note suddenly on the the 10th of August there was an undersell of -147,498 and the "G" trades started up again.
On the 11th Jeff was back with a new twist on World vanadium. Still no TideGlider. However, Laser came back and on his heels ... you got it Tim Hall. This went on till the Friday 13th which was no much posting till TideGlider came back with his P&D scenario again. Hw was obessed over the weekend and SUnday he was hitting it hard. However went silent on Monday the 16th hmmm.
The results was and undersell of -118,900 on Friday prior to TideGlider posting and Monday -10,875 and Tuesday -102,782
TideGlider did not show back up till the around noon on the Tuesday 24th, one day after the street name increased to 10.3M. Now the trading goes ballistic. Now by the 23rd the volume was picking up and the oversells were increasing about 802,753 and so it goes 24th 831,835; 25th 1,432,988; 26th 1,370,140; & 27th 152,4477. By the 30th TideGlider was going nuts occupying this thread but the oversell reduced 307,998 and 73,987 on the 31st.
Now this does not count the postings on RB under different aliases.
Show me a P&D and where the bashers do not direct connect to the trading of this stock and the recruitment of other bashers. This appears to be a S&D (short & distort) in my opinion.
Now you look at September and the sells were coming in then last Thursday and Friday the oversell started to increase again and guess who has returned to the thread. Yep bashers.
Now may I am wrong but I do not see it.
Decide for yourself! I always do. ANd if people would take the time to get the reports from the OTC alone and monitor the posting of the bashers you will clearly see something is not right on these threads.
:-)
GB |
