While the worthy Applied Materials can't move investors, a Nasdaq SmallCap stock with a treatment for athlete's foot jumped 50% on Friday. Shares of Vaso Active Pharmaceuticals rose 11 bucks, to 33, on more than 2.6 million shares trading volume. Touching off the excitement was an announcement by the Danvers, Mass., firm that it will split its stock this week 3-for-1.
Vaso Active has been a public company for less than four months, since it raised $8.3 million in a $5-a-share December initial offering underwritten by the Sarasota, Fla.-based penny stock underwriter Kashner Davidson. The company sells bug repellant and skin liniment over the Internet. That's earned it a market cap of about $100 million, at last week's price, but not a lot else. It lost $350,000 on sales of $52,000 in the nine months ended September 2003.
But wait, the company has a new athlete's foot treatment called Termin8, that -- according to Vaso Active's Website -- comes recommended by Salomon Daniel Monteiro, holder of the world record for juggling a soccer ball on his feet.
It's also recommended, according to the Website, by the American Association of Medical Foot Specialists. I couldn't reach Vaso Medical when I called them on Friday, but I did reach the president of the American Association of Medical Foot Specialists. "We don't know anything about this product," said Dr. David Z. Ascher, "and we have never endorsed a product in our life."
I know all about Kashner, I also know that in 99.9% of these cases the Nas and SEC turn the other way.
If you are expecting regulatory action to help release the squeeze you will be waiting for some time.
You are wrong, you will see the NASD making requests here soon.
By the way, you should call Kashner and tell them you'd like to open an account. try it and see what happens. Tell them you want to buy SFTY, or ERMS or DGLV. Do some investigating, check it out.
If you are in the industry then you would know that the nasdaq doesn't give a rip, in fact they care about one % more than the SEC does.
By far the stupidest comment I've seen in some time on these message boards
Date: 02/21/04 06:06 pm
Frankly I am shocked we haven't heard from the NASDAQ yet. But we will soon.
Oh, there's no question this is a squeeze. But to say that's all it is, well...
Lots more at work here. Frankly I am shocked we haven't heard from the NASDAQ yet. But we will soon.
And by the way, I know all Kashner's ways. I'm in the industry, and they make it harder.
A rip is a rip.
The only way you would know that is by knowing who both the brokerage and the principal were.
This is not about selling off paper or financing. Its a squeeze, nothing more. Eventually VAPH will find its true valuation, but while the squeeze is happening you better protect yourself.
I always go oppositte when any one writes about the stock when it goes up.
where they were when stock was 15 or 20????????
They wrote about CSCO and MSFT and GE??????
what happened??????????They are not selling any paper they are just shorting. I love that.we need shorters for this stock to go 100
SO Look the classified section on monday-for the opening as a shorters.Please send the resume
yeah right, Barrons is probably pissed they missed the run. that news papaer sucks. the tell you to buy stocks over 20,screw that. they are the most biased financial newspapers around. get a life.
Yeah, here come the prying eyes I mentioned in my SCAM ALERT posts. It usually starts with the media and that gets the attention of higher authorities. Boiler room Kashner just got too greedy quick. If they walked it up more slowly they wouldn't attract attention but apparently they want the quick buck and run pump. WOW, 100 mil for a POS like this. AMAZING piece of work by the Boiler room boys, wouldn't you say.
Need to be told that VAPH trading has nothing to do with fundamentals. This stock is completely controlled. It will continue to squeeze just like it did all day on Friday. Who is going to sell? Only shorts? For now, most longs likely will not sell until the split.
As a short I feel bad for those caught in this squeeze, but shorts sometimes need to realize that its not all just about the companies fundamentals...