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I MAON THIER IS ACTIVE IN THE STOCK , THE DTCC ISSU WHAT IS MAIN
what are u saying
SOME ONE SELL AT 1 ALSO SOME ONE BUY AT 1 THAT MAIN THIER IS NO CHANGE IN THE BROKER. WHAT DTCC MAIN ,, ANY ONE EXPLAIN ME.
I wonder why my RBC acount is letting me sell but my Quest trade account is not letting me???
"I BOUGHT 2320000 MIL YESTERDAY IN ALL I HAVE 2600000 IN THIS HOW LONG DO THESE FREEZES LAST ANYONE?"
No need to shout.
There are anecdotal reports that out of the hundreds chilled so far, one stock has had a DTC chill lifted, although even that example has been disputed.
Certainly it's very uncommon for these chills to be reversed, and I can pretty well guarantee for an obvious scam like CAMS, the answer is that the freeze (lock, in reality) will last for ever (or at least until the stock is delisted in the next year or so).
There's an excellent iHub MB on that topic here, which also tells you the difference between a chill and a lock - the latter is more onerous, and is what has been applied to SCAM -sorry, I mean CAMS:
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
Start with this message:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72176174
I BOUGHT 2320000 MIL YESTERDAY IN ALL I HAVE 2600000 IN THIS HOW LONG DO THESE FREEZES LAST ANYONE?
I have Etrade and I got a notice last night.
All brokers trade CAMS except Zecco. People don't use Zecco anymore. We shouldn't care about DTCC anymore
Thanks. I didn't notice that it was pump. I bought it b/c the float was low..Now I am stuck with 1M shares...Sucker.
"I wonder why DTC suspended its trading...."
The usual reasons:
"Restrictions may also be placed on securities in situations where DTC has been informed by the issuer or its agent, regulators or law enforcement, or has other compliance concerns that its Cede & Co certificate inventory has been compromised due to unauthorized, altered, fraudulent or counterfeit share issuance. If DTC reasonably suspects that all or a portion of its street name holdings are not fungible and freely transferable, it may decide to chill one or more of its services as it deems appropriate."
http://www.dtcc.com/downloads/legal/imp_notices/2010/dtcc/z0025.pdf
“Microcaps and the OTC market present increased risks to investors that the SEC has a deep interest in monitoring. Indeed, the microcap market has been prone to fraud and manipulation, most often in the form of pump-and-dump schemes. These continuing incidents of fraud are detrimental to the market and investors, and are a serious concern which is, of course, why the SEC created the microcap fraud working group, to try to focus our efforts on combating microcap fraud and strengthening this marketplace.
The volume of activity in the microcap market, however, makes it difficult for the SEC to monitor trading as closely as investors and other market participants deserve. And so, the market participants who are tasked with clearing and settling trading activity on the over-the-counter market play a very important role in protecting the integrity of the microcap marketplace, and they face unique compliance-related challenges in processing microcap transactions.”
http://www.quora.com/How-can-companies-get-rid-of-a-DTC-Chill
probably a combination of all of the above.
SCAM - sorry, I mean CAMS - is so obviously an engineered pump and dump scam it's almost comical.
I wonder why DTC suspended its trading....I think Management needs to have a press release to explain what's going on and when can we trade again..I bot 1M shares couple days ago.
i bought 2 mil at 359??
Td ameritrade allow buy and sell I test it
Got the same, and my sell order still open...No problems for me.
Just had a DTC suspension put on CAMS Etrade. I'm not able to sell my shares.
well i got them 2 mil at .0001 great day sold cbis at .15 bought it at .08 ???
There shouldn't be any issue buying and selling CAMS. You'll have to do a cash transaction instead of on margin.
Much more important is the development of the oil leases and specific wellheads.
Am in china I buy and sell this stock today without any problem
I have never had a problem trading chilled stocks
Thnx I will try
looks like you were right about this being the week lmao
Bid (Size): 0.0001 (581,396,189)
Ask (Size): 0.0002 (38,945,000)
Volume: 16,489,999
$0.0003 wasn't high if you wanted to break it.
ANY ONE TEL US THE BID/ASK SIZE
i sell 1 m and i buy 400000 from tdameritrade i did not see any change .
td ameritrade no problem with the stock
same here no problems
What a DOINK that sold his 10/milli @ the bid LOL...lucky whomever bought them. now 0.0002x0.0003
I have no problems with E*Trade, maybe you should change your broker LOL if you are.
I havn't looked at the chill info yet,but I have never had a problem trading chilled stocks but watch out if your with TD Ameritrade. Imo don't know why every penny player hasn't moved their money from TD already. Most complained about broker on ihub. Imoo.
The CEO of the company he must issu pr to explain to investors if he is interested to the company
"DTC has suspended all services, except Custody Services, for the below referenced issue. The
suspension is effective February 27, 2012.
CUSIP SECURITY NAME
132133109 Cambrian Systems Incorporated
www.dtcc.com/downloads/legal/imp_notices/2012/dtc/ope/0282-12.pdf "
Kind of inevitable, really.
Hopefully this will stop too many more people from losing money to the scamsters behind SCAM - sorry, I mean CAMS.
Was this the update?
DTC has suspended all services, except Custody Services, for the below referenced issue. The
suspension is effective February 27, 2012.
CUSIP SECURITY NAME
132133109 Cambrian Systems Incorporated
http://www.dtcc.com/downloads/legal/imp_notices/2012/dtc/ope/0282-12.pdf
"The company will be updating the public with developments of it [sic] wealth [sic]
shortly. Thank you"
It's not good, especially if your broker clears through DTCC.
This board is full of good info on Chills and Locks:
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
What does something like this mean? As far as a global lock. Good or bad?
Was this GLOBAL LOCK expected?
DTC has suspended all services, except Custody Services, for the below referenced issue. The
suspension is effective February 27, 2012.
CUSIP SECURITY NAME
132133109 Cambrian Systems Incorporated
Not too bad today, let's hope this trend continues upward.
From china
was that english?
every week last 6 week was good according by chart explode in the way , wait and see.
Float 133,331,773 - is this still the same? with street$ here it will move --- very soon
One of these times... Hah. Hope for the best
HAHAHAHA the last 6 weeks have been "the week"
yes this week we will see big change in this stock with news no one can hold the price limit.
go cams
Some bigger buys and 3's up today, momentum building.
K,i'm in, lets get this show on the road
Cams will went to merge just wait and see mr Alex will give us very good news this week
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