GLUV Corp (fka GVRP)

[Mr. Bill]

It's not certain that you would have been able to sell all of those shares however. HateMMs made $500K but still had some open orders that never filled if I recall correctly.

[akula682]

Its been a while since ive been here but...

Ameritrade flat out refused to pay me when i sold my shares, they gave them back to me and refused to answer my emails, once they found out why i was calling they refused to answer my calls... they really screwed me over on this one.

[hatemms]

Yeah the good old days.....

[garrett800ca]

I'm just saying it makes no sense, not saying you're lying. Maybe you were just unlucky and the only one who sold & got reversed. I guess it's possible. I could really give a rat's behind anyway, this has been over for years and I've moved on to other opportunities as I'm sure you have as well.

We have an official death certificate so, "RIP GVRP!"

[fung_derf]

Yep. It's my secret mission to give money back to the brokerages. I'm funding Wall St.

[garrett800ca]

Nope, it doesn't make sense when no one else's trade was reversed (that I know of). I guess you were the only one.

[fung_derf]

LOL! Why in heck would I lie? Yes, I made the whole story up. With all the garbage told on Ihub, and my story of having a trade reversed is the one that doesn't make sense to you?

[Stock]

Like I said, GVRP, RIP!

[garrett800ca]

Doesn't matter a hill of beans to me either. Over and out!

[Stock]

I have no reason to doubt his claims at all. I can see a lot of reasons why a trader wouldn't want to reveal who they access the markets through.

Derfie probably is one of those "dark pool" trader guys lol.

Seriously, no anger or emotions on my end here, just letting water go under the bridge, and now on to the next scam lol

[garrett800ca]

No, what I was saying is that he still won't reveal who his broker was even 5 years later. And we are supposed to believe he was the only guy who got reversed? His story just doesn't wash, that's all.

[Stock]

Was he reversed out 5 years later? No way.

I don't think he said that at all.

I think he's saying he sold, and the trade was reversed shortly after that.

Your broker only has 365 days to bust a trade. That's the law.

[garrett800ca]

Yes. I can't believe Fung's broker really did that. Everyone I know who sold got the money, and he's the only one who won't tell us who his broker was 5 YEARS LATER!! Please, there is no way they could reverse the trades, they were good and valid based on the rules. X date was there, if my broker wanted blood from me I would have said go talk to Media Magic. They were the ones trying to pull a fast one on shareholders and sadly for them it backfired!

[Stock]

You were with Ameritrade, if I remember right?

[garrett800ca]

I'll never forget it, hatemm's made $500,000 from this. And he got the money and disappeared from ihub after that lol. I made $5,000, and the trade was good so my broker couldn't really do anything. My investment to get that was 50 bucks, it was my one and only 100 bagger!

[fung_derf]

LOL! You asked.

[Stock]

I recall your angst over this very, very old topic. I can't believe we are still discussing this, but so be it...

I posted my worthless AMTD position here the other day. I figured nobody would care at this point. And it was tiny anyway.

I was one of those people with the large weekend positive balance. As you know, this created a net capital rule problem for AMTD. They had to get relief from that.

[fung_derf]

I druther not say. However, to say the day went from happy to not so much was an understatement. Nothing gives you pause like seeing your stock showing a negative $999,999,999. I thought I might have to sell my island to cover.

[Stock]

the brokerage = IB? AMTD? who?

I think I remember reading that at least one USA AMTD customer sold and I never read that anybody had any problem.

"hatemms" is Canadian, and I'm sure he sold, based on his constant bragging that he did.

[fung_derf]

Which one what? All of it.

[Stock]

which one?

[fung_derf]

I did sell and the brokerage charged them back to me.

[Stock]

I think I was one of them. I was afraid to sell. Susie and I both were in the same little rowboat.

[garrett800ca]

I guess the fear mongers got to me that day. I was very new to trading and really didn't know what I was doing. But I don't think anyone really knew what to do that day, experienced or not. Such a weird situation that stock was.

[Stock]

half would have been great. that way, if the worst comes, you have you other half to cover with.

[garrett800ca]

Just wish I had sold all my shares that day instead of just 10% of them, don't know what I was thinking!

[Stock]

Your broker will remove them eventually; AMTD still shows my tiny 200 shares.

[garrett800ca]

MAMG still shows up in my account, 166 shares. I knew 5 years ago when the thing happened that it would never trade again.

[Stock]

Well, sadly, I was correct.

Schuster was indicted on another fraud scheme - eight felony counts #msg-53972583

Posted by: Generic
Friday, July 06, 2007 6:36:12 AM
Re: Jim Bishop post# 138495
#msg-20999616

...long story short -- they moved the mamg assets to prmd pedg without shareholder approval (and how could they get approval from mamg s/h anyway? lol).

and you know as sure as the day is long mamg will never trade again

[albundy]

:(

[Stock]

Lest We Forget...

[Stock]

Farewell:

MAMG 200 0.00 0.00 0.00 2.85 -- -- -- -- 0.00 -- -- -570.00 -100.00

Recent MAMG transactions    Record voluntary corporate action adjustments    
      Long positions     
  
 Date Transaction Qty Cost adjust. Cumulative shares Cumulative cost     
 07/08/05 Name/Symbol Change >> 379896202 (GVRP) to >>> 58440Y101 (MAMG) 600,000,000 520.99 600,000,000 520.99  
  

SECURITY DELETIONS

Dl Date Symbol Company Name Effective Date/Comments

10/25/2010 MAMG Media Magic, Inc. Common Stock 10/26/2010 Inactive Security**

http://www.otcbb.com/asp/dailylist_search.asp?SearchSymbolForm=TRUE&OTCBB=ALL&searchby=symbol&searchfor=mamg&searchwith=Starting

[Mr. Bill]

Posted by: Generic Date: Wednesday, September 01, 2010 7:51:59 PM
In reply to: Generic who wrote msg# 229752 Post # of 229756

re: PrimEdge - I missed this. ROYAL PALM read carefully... and think back... WAAAAY back to this time frame -- Royal Palm, Royal Palm, Royal Palm.... GVRP! MAMG!

Insurer to Pay Bulk of $900K Settlement in Nebraska Fraud Case

By Josh Funk
July 23, 2009

A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers' former employers. The company's insurer, Quanta Specialty Lines Insurance Co., will pay most of that amount.

But this latest settlement, approved by a federal judge, is a relatively small part of the legal battle being waged by former clients of Rebecca Engle and Brian Schuster.

Engle and Schuster have pleaded not guilty to eight felony counts of securities fraud. Several lawsuits and arbitration claims have been filed against them and their former employers accusing Engle and Schuster of improperly selling risky investments.

Court documents filed in the lawsuits and criminal complaints say investors were defrauded out of at least $20 million.

Most of the investors involved in the arbitration or lawsuits wanted conservative, stable investments with little risk because they were nearing retirement age or were already retired when they got involved with Engle and Schuster. They say the brokers instead invested their money in high-risk enterprises in Florida and never fully explained the risks.

Engle and Schuster, a former Nebraska football player, worked together in Nebraska City at times between 2000 and 2007. The brokers were affiliated with at least three different companies - Capital Growth Financial LLC, Wachovia Securities LLC and VSR Financial Services Inc. - during those years.

The investments at issue were sold when Engle and Schuster worked for Capital Growth.

The class-action settlement that gained preliminary approval is between the investors and Capital Growth along with two of the firm's former executives, Alan and Michael Jacobs. Florida attorney Neil Baritz, who represents the defunct Capital Growth and the Jacobses, did not immediately respond to a message.

The settlement terms were listed as confidential in U.S. District Court in Nebraska. But a copy of the settlement was filed in a related case in Florida, where Capital Growth was trying to collect from its insurer, Quanta Specialty Lines Insurance Co.

According to those court documents, Quanta will pay $646,160 to the class-action plaintiffs and another $93,840 to a specific investor who won an arbitration claim against Capital Growth. Separately, the Jacobses will pay $170,000 in a different arbitration claim.

Quanta also agreed to pay $230,000 in legal fees related to the defense of Capital Growth and the Jacobses.

This settlement does not represent the end of the case because several other defendants in the class-action lawsuit have not settled or admitted wrongdoing. And resolving some of the lawsuits or arbitration claims only generates additional litigation. For example, a May settlement with VSR gave investors the right to sue that company's insurer, AIG, in an effort to collect $10.3 million.

"This is a very small piece of the overall puzzle," said J.L. Spray, one of the attorneys representing the investors.

The investors say Engle and Schuster sold securities in two Florida companies, American Capital Corp. and Royal Palm. According to court documents, Engle and Schuster described the companies in glowing terms, but they were actually high-risk investments.

Both companies were bought by PrimEdge Inc., and Schuster became president and chief executive of PrimEdge.

[garrett800ca]

It wasn't long after I first started trading too. I just wish I'd bet the farm on it!!

[TEX]

That happened about a month after I started trading...lol, quite a learning curve in short timeframe.

[garrett800ca]

I don't know how your broker could have done that, those trades were valid, the ex date was there for all to see and we played by the rules. It wasn't your fault that the company's attempt to majorly screw all their shareholders completely backfired on them. (Forget about the money, that part was really sweet!)

Remember the PR the company put out that weekend "Don't trade these shares!"? Haha, yeah 'don't trade these shares' now that the company was the one getting screwed instead of all their shareholders.... As far as I'm concerned those arrogant bastards got exactly what they deserved!

I wish this type of thing could happen more often in the markets, a real opportunity for the little guy to get some retribution.

[fung_derf]

You were very lucky. My brokerage reversed the trade after I profited by $30k. They showed me about a billion dollars short instead.

[garrett800ca]

Man, I keep thinking what I would have walked away with if I'd put $50K into this. The return was 100:1 so I would have made $4,950,000. AND I would have gotten the money because Ameritrade had to pay those trades. Send me back in a time machine please!

[albundy]

yup, damn 20/20 hindsight. ;)

[garrett800ca]

Still 166 shares showing up in my account. But MAMG is now listed as "symbol not found". Should have sold those damn shares when they were worth billions, LOL.

[PDC ™]

Man havent seen you in like 3 years. Hope your not dead.

[akula682]

Ameritrade would not let me sell mine... you folks got lucky, i'm happy for ya.

[garrett800ca]

I STILL have these damn shares in my account, MAMG. I think they are worth .02 LOL.

[Art2Gecko]

thanks.. it's been a little dusty lately.

[pontius]

stopping by to the sweep the floor in the place. was in the neighborhood

[garrett800ca]

I looked back at my records on this. Apparently, I sold 10% of what I had that day, for a $4,500 profit. Could have been a $50,000 profit if I had sold all the shares that day.

At least I made something, most people on here couldn't sell because their broker wouldn't let them. I had Ameritrade and they ended up honoring all the trades.

I had scibbled down on my notes that "HateMM's" had a $5,000 initial investment and sold all his shares for a profit of $500,000.....NICE!!

[TEX]

Wow, looked it up:

CAMU then CANU then CAUO then LFGN then LFGT then LFGC then NNJT and now (as of Jan 08) HITR; apparently, hasn't traded since November.

You definitely caught the right wave...

[IRISHBULL]

Yes, and sweated it out for weeks until Ameritrade said the sell cleared.




http://www.finitesite.com/irishbull/mytunes.html

[OTC BB King]

Yeah, I think it was either the last week in May or the first week in June... what a roller coaster ride! You were able to sell some if I recall... correct?

[IRISHBULL]

Has it been 3 years already? Time flies! I remember that Monday very well, was doing a snoopy dance ;)