So, one corporate ambulance chasing law firm beget two who beget five who beget...!
These vermin replicate like the roaches they are. (One need only see the list compiled by yahoo under Company News) Funny how only one has made ANY filing yet all will expect to be paid off in order to go away.
Can we next expect the price manipulator to now appear with their "White Knight" offer?
Has no law firm ever heard of Use Taxes? Most states with Sales Taxes include Use Taxes and those get paid by the customer. Furthermore, did none of the customers mention or question any listing of Sales Taxes or the lack thereof? If ARCI was a "contractor" or a "sub-contractor", Sales Taxes are treated differently than when one is conducting retail--as seller OR buyer.
Mercy! but yahoo likes to play bad #$%$ with my posts.
I replied to snds 10's Feb 10 2015 msg a couple days ago, had a correction in a follow up and now my original response has been erased by yahoo.
So curious. It isn't the first time they've done this, either.
Are they somehow connected with those doing the manipulation?
yet another stop loss gets triggered. This time, the micro-short selling (100-200 shares at a time) got covered before the last trade date for the January 2015 B short interest report period arrives along with its attendant rise in share price. The manipulators and their "clients" will escape the overt evidence that would put them in prison for their illegal works.
Those who pay attention to such things as P/E, ever hear of a company that is in the black (making a profit) being priced at such low ratios?
You answered half your objection in the third sentence with the first example: Downward pressure via sales tax interpretation problem occurred LONG after the manipulation began. "Hedge" funds move in and out all the time. You only have to look at their Form 13F filings to know this. If one exits and one enters and there's no difference in the 'tutes' overall proportion holdings of shares outstanding, the laws of supply:demand would ordinarily dictate stable prices.
This is different. This is price movement by 100-200 share trades to compel buying which raises prices further then dropping prices in 100-200 share trades to trigger stop loss selling where they buy up more.
13F filings are only required when certain conditions are met:
1) The moneys invested are NOT owned by the investing entity (hedge, mutual, private equity or public employee retirement funds, etc.) , but corporate cash reserves are exempt because by definition that money IS "owned" by the investing entity, as is an individual's money;
2) Those non-owned monies must be invested IN THE US Equities Markets and must equal or exceed $100 Million;
If only one of either criteria are met 13F filings are not required. That enables those with ulterior motives to evade any oversight. It becomes only detectable by the trading patterns left as evidence.
Arthur Conan Doyle's Sherlock Holmes character was the first to present to the world the concept of "trace evidence" wherein every contact leaves a trace and in the finance community (stocks) every trade leaves a trail. It is only necessary for those with authority to do their jobs and there has been no rank-and-file hiring in either the SEC or DOJ to implement Dodd-Frank because of budget cuts known as sequestration. The only hiring was with "administrative positions" (appointments) and their immediate staffs.
Ergo: No funds for hiring the necessary personnel and No funding for implementation of rules, regulations and laws governing the markets.
That the target buying price is at or below $3.00/share.
What have we recently witnessed?
Twice in the last month and a half the price was driven down to well below $3.00. The most recent was down to $2.56 and then BAM! Two days a nearly 10% of shares outstanding were bought at or below $3.00. Then it stops. A few pennies over are just taunting short sales.
Point is: those price drops were accomplished with 100-200 share trades, all for the purpose of buying up shares well below the $3.00 target. The perpetrators of this intend to make an offer somewhere south of $3.50 with an implied "premium" of over 15% of recent highs.
Regardless of any fairness of temporary trading price under alleged Efficient Market Hypothesis, the fact of blatant repeated manipulation to the downside bode ill for any true fair price for the shareholders.