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billyjoerob

Registered: Jul 2009
Posts: 688

05-03-12 10:40 PM

NSB owns:

PMFG: 75% of float
APAGF: 70% of float
GCOM: 45%
GLPW: 30%

Here's the problem, if that weren't bad enough - APAGF has fallen from over $80 to $35 in the last month. That's a loss of about $300 million - NSB total share holdings as of Dec 31 were $1400 million. Ouch.

It's a quasi ponzi-scheme. The pm Bill Nicklin pumps up the price of his own stocks by cornering the float. Here is a list of his shares as of Dec 31.

Short at will.

http://finance.yahoo.com/quotes/sto...pcp,xom,utl,ibm

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billyjoerob

Registered: Jul 2009
Posts: 688

05-03-12 11:09 PM

On top of the loss on APAGF (an Argentine oil and gas company - great business to be in, right?) there's been a rougly $100 million loss in PMFG since Dec 31. The total loss on those two positions alone is about 30% of the portfolio.

I really don't understand how the SEC let this guy, who's just an ordinary financial advisor, get away with this.

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billyjoerob

Registered: Jul 2009
Posts: 688

05-04-12 03:16 PM

Elitetrader is totally dead. There have been two posts in this forum since I posted last afternoon. I don't think they've moved elsewhere . . . maybe just fewer people are trading.

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billyjoerob

Registered: Jul 2009
Posts: 688

05-04-12 11:08 PM

So since I posted this yesterday (and nobody responded, boohoo)

APAGF 04:00pm EDT 31.67 Down 3.04 Down 8.76%
PMFG 04:00pm EDT 12.36 Down 0.44 Down 3.44%
GCOM 04:00pm EDT 13.03 Down 0.59 Down 4.33%
GLPW 04:00pm EDT 20.83 Down 0.83 Down 3.83%

The beatings will continue until the stocks are destroyed.

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flipside21

Registered: May 2011
Posts: 400

05-04-12 11:15 PM

Quote from billyjoerob:

Elitetrader is totally dead. There have been two posts in this forum since I posted last afternoon. I don't think they've moved elsewhere . . . maybe just fewer people are trading.

It's because many people are moving money out of stocks and into bonds. Very few people among the general population are interested in stocks anymore.

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billyjoerob

Registered: Jul 2009
Posts: 688

05-04-12 11:23 PM

This is ELITETRADER man!!!! These are the ELITE TRADERS! Don't tell me about the general public.

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