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Posts Tagged ‘First’
Master Penny Stocks Online By First Understanding Micro Cap Fraud
Posted by admin in Common Stock on January 9th, 2010
Because of the speculative and volatile nature of penny stocks online, they are very prone to market manipulation. You must understand the primary types of micro cap fraud before you start buying penny stocks online.
Micro Cap Fraud 1: Chop Stocks
Chop stocks involve brokers who buy discounted stock in blocks then turn around and upsell it to novice investors who don’t understand the penny stock’s low value. Many parties can be involved in chop stocks and many deals are done under the table to execute them, all at your expense.
To avoid chop stocks, only deal with established major brokers and be sure to do your own research rather than let someone try to sell you on a penny stock. In particular, you’ll find sketchy brokers trying to snare newbie investors online in stock forums and on penny stock newsletters.
Micro Cap Fraud 2: The Pump and Dump
The most frequent penny stock fraud involves the pump and dump. Savvy investors target a lesser known, low value stock than contrive hype to generate a rush of buys from less savvy investors. This drives that stock’s value up for a very short time. When it spikes upwards, the one’s pulling the strings dump their stock for a profit.
Because penny stocks feature low liquididity, you can find it difficult to release a stock you’re trying to dump in a hurry. So be skeptical when a penny stock newsletter (a common vehicle for the pump and dump) strongly pushes a new stock.
Where Can You Buy Penny Stocks Online?
Penny stocks, which are simply common stocks with a value under $5, can be found on the over-the-counter quotation services (sometimes called the OTC Market). The biggest and most common of these are the Pink Sheets and the Over-the-Counter Bulletin Board (OTCBB). Note that stocks appearing on these quotation services often don’t have to fulfill the same requirements or be filed with the Securities and Exchange Commission (SEC) which is one primary reason why they can be so speculative and prone to manipulation.
Don’t let yourself be exploited by scammers when you enter the world of trading penny stocks online. You really can score significant profits with penny stock trading, but you must be responsible, cautious and thorough in your due diligence.
The First Stock Market Crash
Posted by admin in Common Stock on December 26th, 2009
Frederick H. Ecker became President of the Metropolitan on March 26, 1929, and associated with him as Vice Presidents were Robert L. Cox and Leroy A. Lincoln. Mr. Cox died in January of the following year, and Mr. Lincoln immediately assumed the position of second in command. He succeeded to the Presidency in March 1936, when Mr. Ecker became Chairman of the Board. When the new administration took office in 1929, the country was enjoying what appeared to be great prosperity.
Many men in business and in public life believed that we had attained a depression-less economy. Corporate earnings were at a high level. There was frenzied activity in the stock market and in the flotation of new securities. Prices of common stocks reached dizzy peaks. Credit was easy to obtain. The growth of the Metropolitan and of other life insurance companies reflected the optimistic spirit of the times. All prospered as a result of the great business activity and the high rate of employment at good wages then prevalent throughout the country.
The first hundred billion dollars of life insurance rates (http://www.equote.com/li/termlifeinsurance-quote.html) in force had been attained; predictions were being confidently made that within another 10 years the second hundred billion would be added. But in October 1929 came the first manifestation of a series of cataclysms which shook the country and the world. The first stock market crash came almost out of a clear sky. The full significance of this indication of economic distress was little understood at the time. Many people suffered immediate losses. Many held on to their securities while prices were dropping sharply, only to sell them at even lower figures at a later date, or to be closed out for lack of margin.
Nevertheless, there were many in high places that refused to believe that this was more than a temporary financial setback. Although the national income fell in 1930 and 1931, it was still at a fairly high level. Because of the low prices to which common stocks had fallen, various recommendations were made in the late autumn of 1929 urging the life insurance companies to make such purchases in anticipation of rapid economic recovery.
The State laws governing life insurance investments specifically forbade such venturing. Undoubtedly great havoc would have been wrought in the financial structures of many companies and great losses suffered by policy holders if such advice could have been taken. The market quotations as they dropped from month to month thoroughly confirmed the prophetic warnings of Mr. Ecker, and justified his insistence that the law limiting the character of the investment portfolio of Life insurance companies should remain essentially unchanged.
The life insurance companies stood firm. Because of the character of their portfolios, they were not seriously affected by the declining values. In some respects, the very nature of the upset at the close of 1929 reacted favorably upon the companies. Many individuals who had lost heavily in the stock market felt called upon to increase their Life insurance in order to make good the losses to the estates which they had hoped to build up for their families.
Thus, in the years immediately following the first stock market crash, ordinary insurance made unparalleled gains and was becoming closer and closer to offering life insurance without exam (http://www.youtube.com/watch?v=ImphGeRVCCcterm). In 1930 the Metropolitan issued, exclusive of business revived or increased, close to $1,400,000,000 of ordinary insurance, the highest annual figure in the history of this department up to that time. But even this figure was exceeded by a considerable margin the following year, when a total of more than $1,460,000,000 was achieved. In fact, 1931 has remained the banner year for the writing of ordinary insurance in the Metropolitan.
Even in the industrial department there was an issue of $1,110,000,000 in 1930, only 8% less than in its peak year of 1929. In 1931 the industrial insurance issued still exceeded $1,000,000,000. In both the ordinary and the industrial departments, the total insurance in force continued to increase without interruption through the year 1931. Apparently, the economic situation up to that time had not yet seriously affected the ability of the American people to purchase or maintain life insurance.
Shelby SuperCars Undergoes First Round Financing: $5,000,000 of Series A Convertible Preferred Stock
Posted by admin in Preferred Stock on October 28th, 2009
Shelby SuperCars, Inc announced recently it has signed with Sheffield International Finance Corporation to provide Investor Relations services for its raising $5mm through the company’s confidential private placement issuing 5,000,000 shares of preferred stock at $1.00 per unit for total proceeds of $5,000,000.
SSC has developed conservative pro-forma based on capturing an exclusive segment of the market. The Company expects to use the proceeds to finance the construction of manufacturing facilities, ramp up full-scale manufacturing, fund the development of the Ultimate Aero EV (SSC’s first electric Supercar) and to continue the research and development required to keep SSC exciting in the marketplace.
With the proposed manufacturing facility and the expected showrooms opening worldwide, the Company expects its projected sales of the Ultimate Aero and the launch of the Ultimate Aero EV to increase significantly. A full breakdown of the Company’s projections is provided in the Confidential Private Placement Memorandum through investor relations firm Sheffield International Finance Corporation.
This offering represents the Company’s first acceptance of outside capital since its inception. To date, SSC has achieved its world-class status with internal funding only. The Company will take in $5,000,000 in first-round financing via the placement of its Series A Convertible Preferred Stock providing a 12% cumulative annual dividend to investors. The Company expects to entertain several exit strategies including a merger, acquisition, or IPO in the near future.
Interested parties capable of placing a minimum investment of $250,000 may contact Sheffield International Finance Corporation for a complete Investor Kit but the offering is said to be invitation based restricted to select invitees.
While auto enthusiasts and high profile financiers are reeling over the company’s recent announcement of a 100% electric supercar, Shelby SuperCars remains on track to deliver 4 clean supercars by end of year 2009. With the SSC brand securely engrained into the international automotive industry, SSC will follow its ever popular Ultimate Aero and Ultimate Aero EV with a lower priced, higher volume 4-door luxury, super-sedan, the “SSC Luxor”. The super luxury sedan is said to include reclining, heated and air conditioned rear seats, full time wireless internet and will maintain SSC’s commitment famous performance being first luxury sedan to be capable of speeds greater than 220 mph. Beyond GPS, Bluetooth, an infotainment center the luxury automobile will contain a fully capable personal computing system, accompanied by a 24 hour concierge service catering to the owner’s every need.
With all American engineering guided by one man’s vision, Jerod Shelby SuperCars, SSC is expected to keep the auto industry baffled with its ultra efficient business model. Although the minimum investment is $250K, the company expects to keep the number of investors to a minimum limiting the list of invitees to those who share a long term vision for SSC brand. The private placement is subject to final approval.
Shelby SuperCars, Inc. (SSC) is an all-American auto manufacturer based in West Richland, Washington. Founded in 1999 by Jerod Shelby, SSC has achieved design and engineering excellence in just seven years with the production of the Ultimate Aero Supercar.
Having obtained the Guinness World Record title of the “Fastest Production Car in the World,” the Ultimate Aero has solidified SSC’s place in history. With the goal of creating a world-class automotive brand, SSC’s future models include a four- door luxury sports sedan, and a historical engineering marvel, the Ultimate Aero EV – a 100% Green Supercar which will set the benchmark for the “world’s fastest electric car.”