Health Sciences Group Inc (HESG): That does not explain why we are still t...

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Eternalist

Re: nodummy post# 86057

Tuesday, 10/11/2011 10:30:12 AM

Tuesday, October 11, 2011 10:30:12 AM

That does not explain why we are still trading today and why Scottrade and TD Ameritade restricted buying 12/2/2009.
If what you say is true then we would have stopped trading after the intial restrictions on that date. However, Scottrade started to alow trading again 3/11/2010 and Etrade, after taking only phone orders over the summer of 2010, went electronic again in the fall. It is the MM's selling the the shares that do not exist in the last known share sructure not Tom Gaffney. So either it is a full collusion or it's the short sellers, MM's, brokers, and hedgies out of control.

http://www.reuters.com/article/2009/12/02/idUS153849+02-Dec-2009+MW20091202

Same day as FINRA 4320 goes into effect?? As we know it was delayed but why did these guys resign on the same day?? I believe things got out of control and they ran for the hills. NITE was the #1 MARKET MAKER for HESG during the run to .0024 in late 2009 and during the susequent drop back to .0001. Coincidence that Scottrade's MM is Knight Capital Group (NITE)??

Knight Announces Departure of Jamil Nazarali

JERSEY CITY, N.J., Feb. 28, 2011 /PRNewswire/ -- Knight Capital Group, Inc. (NYSE Euronext: KCG) today announced that Jamil Nazarali, Senior Managing Director, Knight Capital Americas, L.P., responsible for the Electronic Trading Group (ETG), has resigned effective today. Additionally, Knight announced the resignation of ETG Managing Director Matt Cushman, also effective today.Steven Sadoff, Executive Vice President and Head of Operations, Services and Technology, will oversee the ETG business during the transition. Knight will immediately commence a search for a replacement to lead ETG.

The company thanks Jamil and Matt for their contributions to Knight during their tenure and wishes them well.

Since Knight's expansion in electronic trading with the arrival Chairman and CEO Tom Joyce in 2002, the company has built a strong bench of talent in its ETG business, with a team of quantitative strategists, developers, traders and sales people. Knight is proud of the innovation of the ETG business and the work this team accomplishes every day for the firm. The company looks forward to building on past successes and for the next phase of growth for both ETG and Knight.

http://www.prnewswire.com/news-releases/knight-announces-departure-of-jamil-nazarali-117072478.html

Originally delayed from 10/15/2010 until 2/28/2011 then delayed again??

http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p121916.pdf