If this stock is of value, why would a former CEO NETE and now of ARCO GROUP dump all 1.1 million shares on September 15th and 17th? Why is he in a rush to dump on the pump and dump?
Do you know that ARCO Group dumped ALL of their 1.1 million shares on September 15th and 17th and it is run by a former CEO of NETE? He resigned in 2012. So, he is actually a former insider with contacts in the company and know what they are doing but he decided to dump ALL the shares in just 2 days . That is a clear pump and dump.
Net Element International (NASDAQ:NETE) major shareholder Arco Group Llc sold 1,150,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average priceof $3.64, for a total value of $4,186,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC
The buyers of WLT stock really do not understand that.
All of a sudden is trading 3 million to 20 million a day?
Teck cuts metallurgical coal sold to China amid slump in prices
Christopher Donville, Bloomberg
6:21 PM, E.T. | September 12, 2014
Energy & Resources
Teck Resources Ltd., the world’s second-largest shipper of coal used in steelmaking, has cut the proportion of sales destined for China amid falling prices.
China is now the destination for about 25 percent of its metallurgical coal, down from about 30 percent a year earlier, Real Foley, Teck’s vice president of coal marketing, said today at the Coal Association of Canada’s annual conference in Vancouver.
“It was a strategic decision,” he told reporters after his presentation, declining to elaborate further.
The price of metallurgical coal is languishing at a six- year low amid a global oversupply. Foley said Vancouver-based Teck is running its coal mines in western Canada at less than their potential full-year capacity of 28 million metric tons.
“Increases in exports from Australia have been larger than production cuts year-to-date,” Foley said in the presentation, referring to the overall market.
The BHP Billiton Mitsubishi Alliance is the largest producer of seaborne metallurgical coal.
Premium Asia-Pacific metallurgical coal down on slow Chinese demand, ample supply
Singapore (Platts)--9Sep2014/939 am EDT/1339 GMT
The premium Asia-Pacific metallurgical coal market fell Tuesday as recent traded prices reflected lackluster demand and ample top-tier supply, sources said.
Platts assessed premium low-vol coals $1.25/mt lower at $122/mt CFR China.
That equated to $108.15/mt FOB Australia after deducting $13.85/mt for Panamax freight.
Second-tier coal prices were unchanged at $107.75/mt CFR China.
How silly is that response? They bought between $60-80/share back in 2011. And in 2013 then bought again between $16-19/share and they are still wrong.
So, you know more than the former CEO, Francesco Piovanetti (he was CEO and resigned in 2012) who controls ARCO GROUP LLC that sold ALL THE SHARES of NETE on the pump and dump on September 15th and 17th. YUP, sold ALL SHARES of 1.15 million and collected $4,186,000 for average $3.64. If he waited just 2 more days, he would have lost 30%.
The guy who runs ARCO GROUP that sold all those shares was the former CEO of Net Element when he was CEO for just 1 year:
Mr. Francesco N. Piovanetti served as the Chief Executive Officer of Net Element International Inc. from June 2012 to April 16, 2013. Mr. Piovanetti also serves as the Chief Executive Officer and Director of Arco Capital Corporation. He served as the Chief Financial Officer and President of Cazador Acquisition Corp. Ltd., since April 20, 2010 and served as its Principal Accounting Officer. He served as the Chairman of the Board and Chief Executive Officer of Cazador
Net Element International (NASDAQ:NETE) major shareholder Arco Group Llc sold 1,150,000 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average priceof $3.64, for a total value of $4,186,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Let's see what happens on Monday. Looks bad already.
Could be it was $6.69 on August 11th and with a 65% discount they said what the hell. Whereas ANR as been down just 30%
Expect 2011 to hit again..... That was caused by Brisbane/Queensland flooding by a monsoon that caused massive flooding that too a year to recover.
The other times in Australia this occurred was in 1893 and 1974:
Brisbane experienced major flooding in 1893 and 1974 as the Brisbane River broke its bank and inundated low lying areas.
Why not buy ANR that is in much better credit terms and not pay the high interest rates that WLT is paying? ANR dropped -5% today. Email all the executives who bought last 2013 at between $16-19/share and ask them why they are not adding more at $3-4? I mean that is like a 75% discount but they are not buying now?
Ask them why they are paying 14%-16% interest rates when I am paying 7% on my USAA credit card?
By the way, the NASDAQ index ran up the last half an hour. AMPE jumped from 3.34 to $3.44 the last half an hour, WLT, Walter Energy ran up from $2.88 to $3.02. MACK jumped from $7.08 - $7.29 in the last half an hour, etc.
Have you read some books about High Frequency Traders? You cannot manually do those many trades. They use computers and they create different accounts that just trade between each other to create the image of real trading but they are just FAKING demand. This is how they dump on people. So, twice, when it went up to $5.70 briefly last Friday, but then fell all the way to $2.60. Then from 2.60 it went briefly to 4.30, they dumped twice and mad MILLIONS in just two days. That is how it is done to con people.
I wish people could see the trades from real people or just same companies trading between themselves to make image of demand.