InvestorsHub Logo
Followers 135
Posts 6894
Boards Moderated 0
Alias Born 10/01/2007

Re: chloethebull post# 16311

Saturday, 03/21/2015 2:59:52 AM

Saturday, March 21, 2015 2:59:52 AM

Post# of 20265
.004, or .001 Which would be the equivalent of .0002 and .00005 at this juncture, are meaningless MM transactions and can continue until the transfer agent organizes all of the share and distributes the new.. It can take 10-20 week days before it's back and all accounts are re-balanced. With the ConMan having dumped the whole 10 billion or dam close, as it appears currently, that's a hell of a lot of pieces to put back together. I'd prepare for the 15 too 20 day trip to complete the reorganization.

In the mean time, most of whatever shows up as trades will not be but MM transfers.

You or anybody else cannot trade a ECOBD because those shares will not exist until the Transfer agent distributes to the various brokers. .

As all is to be fair, even though you'll see what appears to be trades flipping around while it's down, all is to be fair, nobody but MM's who'll be pushing em back and forth to get everything into the correct pile is what you'll be seeing.

It's possible, if you owned the paper, ya might be able to go to a fricken drive up window at transfer agent and exchange em before they are sent to the brokers. . lol

Otherwise some brokers can, if it's within their policy and ya got a Margin account, lend you naked shares which they'll cover after they get em from the broker. The majority of broker though, will block you from trading em, and 'goody, goody! your 'nothing' is going to cost ya a reorganizing fee of 10-20 bucks. you lucky dog. :)

Corn-fused-us Long-vestor ancient saying: Patience and small movements keep a steady course.

I don't have a humble opinion!


At's ma boy!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.