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Re: beach_trades post# 19588

Tuesday, 06/14/2011 4:21:53 PM

Tuesday, June 14, 2011 4:21:53 PM

Post# of 52074
I believe a lot of what we're seeing is due to the nature of PPLs. Many have purchased PPLs which are wholeheartedly refused by the major brokers which then force the PPL owners to deposit their certificates with one of the minor brokers who charge elaborate fees for doing so. The ONLY way those shares can be moved from the minor brokers to the majors is by selling the shares and transferring the cash. The majors will not take any OTC shares or cert deposits from any company. It's not hard to imagine those who have not done their DD would be rattled by this activity and in turn panic sell. In addition, as can be seen by reading the board, there are some shortsellers & flippers playing the typical OTC dance which are able to take advantage of the situation.
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