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Re: truckerjoeh post# 153246

Thursday, 04/10/2014 9:47:00 PM

Thursday, April 10, 2014 9:47:00 PM

Post# of 154382
I've been amazed by that as well. From what I can tell it's shares from the insiders that are being passed around most likely and those self clearing brokerages are using them to place trades.

It's VERY risky playing this IMO. The fact that the ticker was mentioned in a few SEC complaints against toxic lenders and then soon after that EVERYONE in this company disappeared, doesn't leave a good impression.

Even if they get "acquired", what the heck are they going to be able to do with a global lock on them?

The DTCC won't release it for a reorganization. Look at BCIT. They have proved to the DTCC that the shares were legit but still no lift on the lock. That's been close to 20 years now I want to say...

Those SEC complaint mentions are what is going to stop anyone from ever having this security trade on the OTC properly again. I just don't see that being cleared up in any way.

Cheers

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