Market Watch - week of Sept. 21st 2009

[billhart22]

That is just too funny. I can't wait to share that with my wife when she gets home from school.

Thanks Bill, I really needed that today, it's been hectic!

That is one of my all time favorites...I go look it up every once in a while when I need a laugh...

[Dr. Dave]

Yes, the downside is that you need to have 25K in the account. And I know that's hard to do. It took me years to get there.

But, as long as you don't use Scottrades money and you only use the margin account for trading with your own money, I can't see any downside. The trades are still just 7 bucks and that is very reasonable as far as I'm concerned.

I don't think you need 25K for the margin account, 25K is the amount to day trade... 4 daily round trips in a one week period. Unless they changed it. My accounts are pretty old, but they were all started with way less than that, and I got margin everytime.

[candleman]

I don't think you need 25K for the margin account, 25K is the amount to day trade... 4 daily round trips in a one week period. Unless they changed it. My accounts are pretty old, but they were all started with way less than that, and I got margin everytime.

Yes, you're right. It's the 25K rule for people like me who trade so often.

[billhart22]

NutriPure Beverages, Inc.: Updated Financials in Process and Auditors Are Ready
Date : 09/24/2009 @ 9:00AM
Source : MarketWire
Stock : NutriPure Beverages, Inc. (NBVG)
Quote : 0.0018 -0.0005 (-21.74%) @ 2:24PM




NutriPure Beverages, Inc.: Updated Financials in Process and Auditors Are Ready

NEWPORT BEACH, CA -- (Marketwire) -- 09/24/09 -- NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that an accountant has been retained and all financial information has been provided. The company expects the updated financials to be posted on Pink Sheets within 10 days. The company's auditors have been notified and are ready to complete the audited financials, which gives the company many options. The completion of these audits will give the company the option to become a fully reporting company in the late 4th quarter of 2009, at which time the company will also consider a move to a higher stock exchange.

These moves are being planned in coordination with the upcoming rollout of the Nu2O bottled water products currently scheduled for the end of this year which are now imminent due to the recent announcement of a signed equipment purchase agreement on September 23, 2009. The company plans to initially launch its first product under the Nu2O label, three more after the second quarter of operations, and a total of twelve products within the first year.

Kenyatto Jones, CEO of NutriPure Beverages, Inc., commented, "We are now taking the necessary steps to place ourselves in the best situation in terms of financial reporting and trading options. We are looking forward to the completion of the next significant milestone in the company's growth. With a combination of our recent announcement regarding a signed equipment purchase agreement and our soon to be posted financials, NutriPure is positioning itself to become very competitive in the marketplace and we believe this will help to enhance our financial reporting and trading options. This is a very exciting time for NutriPure Beverages and we expect to make additional announcements in the near future."

ABOUT NUTRIPURE BEVERAGES, INC.

NutriPure Beverages, Inc. is bringing to market a complete line of nutrient-enhanced bottled water products using a patented process that adds organic nutrients to water without adding masking flavors, colors or sweeteners, yielding premium enhanced water products that contain no calories, no carbohydrates, no colors and no flavors other than pure water.

The process is further enhanced using desirable "cold-fill" techniques that save energy and reduce harmful, "plastic chemical leaching" into the product. The company intends to market a full line of nutrient-enhanced water products under the Nu2O label, which will compete with currently available products such as SmartWater and VitaminWater.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of NutriPure Beverages, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact:

Kenyatto Jones

CEO

NutriPure Beverages, Inc.

(949) 400-5963

[candleman]

YO BILL! Way to go, you made it to 4 thousand posts!!!!!

I wonder how many of those are monkey movies...



billhart22
Senior Member




Join Date: Dec 2008
Posts: 4,000

[candleman]

NutriPure Beverages, Inc.: Updated Financials in Process and Auditors Are Ready
Date : 09/24/2009 @ 9:00AM
Source : MarketWire
Stock : NutriPure Beverages, Inc. (NBVG)
Quote : 0.0018 -0.0005 (-21.74%) @ 2:24PM




NutriPure Beverages, Inc.: Updated Financials in Process and Auditors Are Ready

NEWPORT BEACH, CA -- (Marketwire) -- 09/24/09 -- NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that an accountant has been retained and all financial information has been provided. The company expects the updated financials to be posted on Pink Sheets within 10 days. The company's auditors have been notified and are ready to complete the audited financials, which gives the company many options. The completion of these audits will give the company the option to become a fully reporting company in the late 4th quarter of 2009, at which time the company will also consider a move to a higher stock exchange.

These moves are being planned in coordination with the upcoming rollout of the Nu2O bottled water products currently scheduled for the end of this year which are now imminent due to the recent announcement of a signed equipment purchase agreement on September 23, 2009. The company plans to initially launch its first product under the Nu2O label, three more after the second quarter of operations, and a total of twelve products within the first year.

Kenyatto Jones, CEO of NutriPure Beverages, Inc., commented, "We are now taking the necessary steps to place ourselves in the best situation in terms of financial reporting and trading options. We are looking forward to the completion of the next significant milestone in the company's growth. With a combination of our recent announcement regarding a signed equipment purchase agreement and our soon to be posted financials, NutriPure is positioning itself to become very competitive in the marketplace and we believe this will help to enhance our financial reporting and trading options. This is a very exciting time for NutriPure Beverages and we expect to make additional announcements in the near future."

ABOUT NUTRIPURE BEVERAGES, INC.

NutriPure Beverages, Inc. is bringing to market a complete line of nutrient-enhanced bottled water products using a patented process that adds organic nutrients to water without adding masking flavors, colors or sweeteners, yielding premium enhanced water products that contain no calories, no carbohydrates, no colors and no flavors other than pure water.

The process is further enhanced using desirable "cold-fill" techniques that save energy and reduce harmful, "plastic chemical leaching" into the product. The company intends to market a full line of nutrient-enhanced water products under the Nu2O label, which will compete with currently available products such as SmartWater and VitaminWater.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of NutriPure Beverages, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact:

Kenyatto Jones

CEO

NutriPure Beverages, Inc.

(949) 400-5963

Have you bought any of this yet? And did the order go through Scottrade?

[billhart22]

Here is the deal:

You can make up to 4 round trips in a week and not be considered a day trader, however, you cannot put the money back into the same stock until it clears. You can purchase another stock, but you cannot sell it until the original money clears.

Anything above and beyond that takes a margin (day trading) account. I do not know how that works with a person's finances.

I am curious....do you need to have $25,000 physical dollars in your account to open a margin account, or do you just get a line of credit for that?

[billhart22]

Have you bought any of this yet? And did the order go through Scottrade?

I am watching it...the price is still going down. I don't think there is a problem with buying it...I haven't checked the list yet. It's gone from .0027 to .0017 so far today.

[candleman]

This in NOT good news for the Sponge. It looks like it may be awhile till we get our money back.

SpongeTech(R) Delivery Systems, Inc. Announces Rescission of Investment Plans in GetFugu, Inc.
3 minutes ago - Businesswire

Related Companies
Symbol Last %Chg
GFGU 0.63 -7.89%
SPNGE 0.091 -14.23%

As of 2:40 PM ET 9/24/09
SpongeTech(R) Delivery Systems, Inc. ("SpongeTech" or the "Company"), "The Smarter Sponge(TM)", (OTCBB: SPNGE) announced today that the previously announced investment arrangement with GetFugu, Inc. has been rescinded.

On September 8, 2009, SpongeTech had announced that it was going to invest $4 million into GetFugu's mobile-based web search and e-commerce technology, and that SpongeTech would be the first company to utilize GetFugu's innovative mobile search platform.

An aggregate of $1,750,000 had been advanced to GetFugu in anticipation of the entry into a definitive investment agreement. GetFugu has advised the Company that it currently does not have the funds to repay the $1,750,000 and that it is seeking alternative financing sources to fund a reimbursement

[candleman]

Here is the deal:

You can make up to 4 round trips in a week and not be considered a day trader, however, you cannot put the money back into the same stock until it clears. You can purchase another stock, but you cannot sell it until the original money clears.

Anything above and beyond that takes a margin (day trading) account. I do not know how that works with a person's finances.

I am curious....do you need to have $25,000 physical dollars in your account to open a margin account, or do you just get a line of credit for that?

When I went to margin. I just had 25K worth of stock and that's all it took.