Thursday, September 08, 2011 5:28:50 PM
As previously noted,he suggested it may be because they stopped paying the monthly DTC fees and he would look into it by asking the transfer agent. TA's are the most reticent people I've communicated with so good idea for the CEO to ask.
Apparently the transfer agent indicated to Bob that that in fact was the reason-not paying the DTC its monthly fees.
There reportedly isn't any other reason. No dark secret. As they say its the money honey. Everybody's out for # 1 -don't pay pinks or other groups their money and its punishment/revenge time by those groups. This is part of what CWRN means in the PR's re the market verbiage.
I pointed out the problems/surcharges with some Penson brokers.
But for some of the reasons noted in the post I am referencing and perhaps other reasons also CWRN had no immediate plans to do anything about it. I was shocked at 1st and again reminded of the Penson games and said if you don't do anything its going to LOOK LIKE CWRN doesn't care about the stockholders.
Bob was very adamant he did care about the stockholders and if he didn't care there were a number of things the company could have done which would have hurt longs.
But that he was aware of the situation and due to past manipulation of the stock(as noted in my referenced post)he felt it was best to leave things as they are for now. To trust him. That he had the best interests of stockholders in mind and had been in this game for a long time.
And thought the situation would actually limit manipulation while the company proceeded with plans as noted in the PR'S. To trust him. That he had the best interests of stockholders in mind and he believed stockholders would be rewarded as indicated by the PR's in the near future.
I feel like an ambassador without a portfolio as well as a research/intercessory lapdog in reporting these things(I do have other jobs and I don't get paid one cent for this "job"holding the fort against specials intimidation).
But I felt if I didn't fully explain there would be rioting in the streets, for that is what specials incite-preying on the fears of penny traders.
I felt the best thing was to be totally upfront-as confirmed by my advisors- giving the tendency of penny traders.
To sum up what Bob was indicating-longs will be rewarded for their patience. As for others, they have already profited tremendously off this stock prior to the trade for trade and DTC. Friends who were in trouble dragged me into this - I never had any interest in the market. But I got into this to help friends-the story of my life- who lost homes and health and lives due to mm etc manipulation- so neither I nor the company will likely shed any tears that these things limit those manipulations and reward longs in the end.
Imo. I'm not a financial adviser nor compensated for my posts.
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