Tag: penny stocks

Swamped

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Excerpt

“We’ll get some. It has the sweetener of the warrant, a two-year
warrant. It could mean some good profit down the road.”
They discussed the details until Yannis was satisfied. Business
over, he led Eteo to his garden and with a proud voice described this
year’s crop. He still had a lot of greens—arugula, spinach, Swiss chard,
and beets—but he was proudest of this year’s tomatoes. He grew three
varieties: Roma, Early Girl, and Beefsteak, the last of which produced
huge fruits that took a longer time to ripen. Yannis would use these
late tomatoes to dice and put in the freezer for cooking while the others
were for present use in salads. Eteo had many of the same things
in his much smaller garden. Growing his own beautiful, tasty vegetables
was a practice from his earliest years in Vancouver. He recalled
his first house in Richmond and the tiny vegetable patch there
that he still managed to get plenty of fresh produce from.
They walked around the gardens chatting about old times until
they reached Yannis’s fig trees. e fruits were finished by this time
of the year, but Eteo knew that Yannis had a very good crop of figs
every year. A little later he le for North Vancouver where he would
reach just in time for his aernoon walk at Ambleside Park.
A few minutes before he reached his house, his mobile phone
rang and Eteo pulled to the side of the road.
“Hi Eteo, it’s Spiro.”
“Spiro, what’s up?”
“Did you buy me some of the new shares?”
“Yes, I got you twelve thousand, and it ended up 40 cents for the
week. I expect it to gain a little more this coming week.”
“Should we get a few more before it moves higher?” Spiro’s voice
sounded anxious.
“No, not from the market. I’ll allot a few more to you from the
financing they do at 40 cents and we get a two-year warrant.”
“How many more do you suggest?” Spiro’s voice was calmer now.
He had always trusted Eteo and always passed the recommendations
to his brother Mike, who would follow him and purchase the same
amount of shares in each of Eteo’s recommendations.
“I’ll put aside another eight thousand so you end up with twenty.
What do you think? Can you afford that many?”

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Swamped

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Excerpt

Asians, every kind of European and Latin American, Africans, and
of course the original First Nations people, the victims as Eteo considered
them. The First Nations people whom the ruthless Europeans
of two centuries ago, with their rifles and guns and chicken pox and
diphtheria and polio and alcohol, almost exterminated, slowly and
methodically. The Europeans who came with their tall ships ready to
carry out whatever barbarisms suited their purposes, all while proselytizing,
yes, the Europeans who wanted to turn the First Nations
people into good Christians such as themselves only to exterminate
them tribe after tribe, only to ostracize them clan after clan, only to
enclose them at the peripheries, closely guarded by the always repressive
word or sword, whichever worked best.
Eteo kept walking, now with a fire in his chest. His steps led him
to the familiar dock at the end of 22nd Street. He reached the edge
of the dock and leaned against the framed barrier, letting his gaze
travel over the shiny water. It at least reflected a natural balance, unlike
the human world, its natural balance permeating everything, part
of the balance cosmos has invented and into which even the unbalance
of people blends and gets absorbed. His eyes encompassed the
gleam of the water and the green background on the far side of English
Bay in the university neighbourhood, where more rich Vancouverites
lived, where houses sold in the millions and one wondered
why. Who had induced such lunacy in the housing market while
thousands in East Vancouver were homeless or paying half their meagre
incomes on rent? Whose game was being played in the Lower
Mainland housing market to favor one area against the other?
Eteo let his attention dive into the shallow water under the dock
where small crabs went about their business on the sea floor and the
small perch fed on the barnacles of the dock’s piles. A few starfish
decorated the sandy floor while seaweed floated left and right like
orchestra that a conductor directed its myriad violins in this naturally
balanced world beyond human influence, a balance suddenly interrupted
by his mobile phone. Yannis was ringing him.
“Hello, John.”
“Hi, how are you?” Yannis asked

https://www.amazon.com/dp/B08WP3LMPX

Swamped

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Excerpt

that he had truly learned how to cook. Jonathan and Logan cleaned
up the table, took the dishes to the sink and rinsed them, and Alex
loaded them in the dishwasher, while Eteo went to his office to make
a few phone calls to inform more clients about the new Target Resources
company and the shares he recommended for them. Meanwhile
Jonathan sat down at the family room table and did some
homework while Logan went out to meet his new flame, as he called
his new girlfriend, and Alexander got busy with his play station.

Next day Eteo arrived in the office at 6:10, well before Helena, but almost
as soon as he turned his computer on, Logan walked in. Herbert
was not far behind, smiling and chuckling.
“Let’s look at the opening orders” he said to Eteo and stood behind
him. Eteo went to the page that showed the buying and selling
orders for Platinum Properties. Pointing to two orders from Pacific
Trends, he confirmed to Herbert that they were both his orders.
“Could I buy a few more shares, Eteo, before these two orders?”
“We bought you some yesterday morning, remember?”
“Yes, I know, and here is my cheque, by the way.” Herbert handed
Eteo a cheque for yesterday’s purchase and what he was planning to
buy today. “For another 30,000 shares,” he explained.
Eteo wrote the buying order and turned to his client.
“I should go to the trading desk to instruct the head trader in
person about who’s first and who’s second. I’ll be right back.”
He needed to get to the trading desk quickly. It was almost time
for the opening bell. By the time he got back to his office, trading had
begun and a beaming Herbert had his extra 30,000 shares. With that,
the always smiling investor walked out, though not before promising
to keep Eteo in the loop.
The rest of the morning unfolded like any other trading day.
Eteo’s other orders were in line, and he steadily picked up more shares
of Platinum Properties and allocated them to the six clients he had
selected while keeping a steady eye on the price of the stock, which
moved up slightly into the low forties.

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Swamped

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Excerpt

“Okay.” He glanced back at his cooling sauce. “Are you fine with
penne, or would you prefer spaghetti?”
“Penne, please.”
“Penne it is.” Eteo smiled at his son, who was already heading
upstairs again. “Dinner at seven, okay?”
“Yes, Dad,” Alex called from the floor above.
Eteo went back to his chair. He absentmindedly scanned the
space around him, registering the familiar, steady sounds of the
house. Normally they were like the heartbeats of a healthy person,
regular, unhurried, relaxed, almost unnoticeable, but now, with Eteo’s
attention focused on them, they began to sound more like loudspeakers
in a plaza. The map of the earth on the far wall, made of sheets of
copper, was still as shiny as it had been earlier today and the fireplace
sat ready to be lit whenever he wanted that cozy ambience. He
thought about what he needed to do to organize those he wanted to
get involved in Herb’s deal. It looked like a winner, and Eteo knew
that when you have a winner you take care of clients who haven’t
done so well lately. Spiro and Michael, and Angelo too. They had lost
a bit of money on Eteo’s last recommendation, so he owed them a
piece of the action on this one. He also had to work in some of his
personal accounts. Yanni would buy anything Eteo recommended,
as would Nick the hairdresser and Kenny Wong and his friends. The
market, Eteo had learned, was a beast that no one knew how to tame.
Investing in penny stocks wasn’t much different than betting on
horses, except that at least you could look at the horses and, if you
knew horses, separate the strong ones from the weak. Penny stocks
all looked alike, yet each ran on its own terms and no two ever got
exactly the same results. All the more reason why when you get a
loser for a client you better find a winner soon. Yes, he had to include
Spiro and Michael and Angelo in this one.
Logan arrived home while Eteo was still on the phone organizing
his first three clients and explaining to them what he had in mind for
the next few days. Logan, who stood almost six feet, smiled down at
him. He knew who his father was talking to and exactly what he was
doing. Apart from his height, Logan looked a lot like his father.

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Swamped

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Excerpt

He switched over to the local news: a serious accident on the road
down to the Second Narrows Bridge. He had better take Lions Gate
Bridge this morning. The pileup on the approach to Second Narrows
would make it impossible for traffic to resume for at least two hours,
according to the news anchor.
The phone rang. It was Herb on the other end. After the briefest
of greetings, he brought up today’s buy order. He told him that a man
he knew, someone who seemed to have good connections in Europe
and other places, had assured him this was a good one, Platinum
Properties Inc, to play with for the next few months. Eteo listened to
Herbert Swanson attentively, but when he expressed some skepticism,
Herb said he would pass by the office around ten to talk about
it. He smiled. Herb always had a link to someone with information,
and in the Vancouver Stock Exchange in those days, with its mining
fliers and dubious promoters, information was of great value. Even
if the information was often questionable at best, decisions were
based on it, and today’s bet that Herb had placed on this new company,
Platinum Properties, wasn’t any different from many others. For
years, Herb had worked his way around each and every regulation in
order to survive the debacle called investing in V.S.E. listed companies.
In most cases, they lacked anything of substance, yet they could
fly high for a few days, even a few months, before sinking into nothingness
or simply going out of fashion. Sometimes they were still at
the reorganizing stage, a lengthy process that provided a second
chance for companies that had been unsuccessful in proving the
value of their first mining asset and raising funds on that basis. This
involved a reverse split of their shares, or consolidation, in other
words, issuing new shares to raise new capital. It was usually an opportunity
to turn their focus to a new asset, sometimes even to
change course and concentrate on a new line of business. When a
company was in that reorganizing stage, it wasn’t unusual for it to
take a good twelve months to achieve its goal, and investors who
didn’t like to wait that long rarely invested in such a company.

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Swamped

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Excerpt

“What do you have for me?” he asked as soon as Richard answered the phone.

“Hi, Eteo. What do you mean? I haven’t heard anything since we talked earlier today”

“That’s what I was afraid of, Richard. Think about it. They would have been on the phone day or night if they had any news. It tells me they lost the hole, that’s what it tells me.”

Richard was silent for a few seconds. Finally, he reacted, almost shouting.

“You always think negative, Eteo. Look, as soon as I have something, I’ll call you.”

“I talked to the middleman, Richard,” Eteo replied. “He confirmed it. They lost the hole.”

“Why didn’t the assholes answer my calls then?”

With that, Richard put the phone down, leaving Eteo with a broad smile on his face. At least he wouldn’t hear anything more from him for a while.

Just as he was getting ready to go out to meet Mario for lunch, Helena rang to say Frances was there again to see him. She came in, closed the door, and without any words, embraced Eteo, and put her lips to his. After a long, sensual kiss, she handed her card to Eteo, said, “Later today. Don’t say no,” turned, and left. Eteo looked at the card. She had added her home address in purple ink. She lived in an apartment block on West Georgia just south of the Bayshore Inn Hotel.

Eteo went for lunch with Mario, and as soon as they finished, around two thirty, Eteo rang Frances’s doorbell. The door was unlocked at once, and as soon as he exited the elevator, he saw her standing by her open door. Below her short blonde hair and blue eyes, her plush breasts and delicate body trembled in a light robe that felt very soft to Eteo’s hands. She quickly made it clear there was an erotic fire in her body that wanted nothing else but Eteo inside it. And he did indeed let himself be guided by the sexual hunger of the young blonde woman with her roots somewhere in Wales. She was still a true Brit but now with extra North American zest and bodily exuberance.

https://www.amazon.com/dp/B08WP3LMPX