ITT Educational Services, Inc. (ESINQ)

[riisikas]

Still holding 7,5K shares...only wait.

[dipbuy]

Seems like this is trading again for some odd ball reasons. Was 0.01 yesterday now 0.015. Can see the volume on daily as well.

[NathanH]

Huh.

[bowljam]

What's happening

[mattp_160]

weee bit of volume today. Watching to see what happens. It sure would be nice to see this Q blast off.

[subira1978]

http://www.kentuckypostnews.com/2016/12/02/short-interest-filing-itt-educational-services-incorporated-otcmktsesinq-cant-be-more-risky-short-interest-increased/

[subira1978]

Last announcement friends for 1000% winnings at ESINQ, yesterday I warned you of the breaking move, easy money !!!

http://stockcharts.com/h-sc/ui?s=ESINQ

[subira1978]

http://www.wsj.com/articles/for-profit-colleges-look-to-donald-trump-for-a-pass-1480680001

[subira1978]

Tomorrow Breakout!!! ????????http://stockcharts.com/h-sc/ui?s=Esinq

[subira1978]

http://www.theindianalawyer.com/itt-chapter-7-bankruptcy-fallout/PARAMS/article/42131

[eroger]

Please explain why this is trading. I thought it went bankrupt. I still have shares. Wanted to know if I should average down

[Snug Harbour]

ESINQ might even be in for a HEROQ run, it's trading higher on the dark side then it was on the Nasdaq

[Homebrew]

Mega-paint EOD ? Odd.

[Snug Harbour]

400K traded at .25 cents in the last 10 minutes. I think ESINQ is in for a ZINCQ type BK run. It went from .04 cents to .35 cents in the first week of delisting and went onto .65 cents in the next 2 months before finally dying 6 months later.

[lucky, mydog]

t'm guessing this will get moved to the pink.

no, it won't. no market maker will sponsor a form 211 for a company that has ceased all operations and has no officers.

[lucky, mydog]

including premarket and after hours.

my goodness. there is no pre market or after hours trading on over the counter issues.

[lucky, mydog]

really? you can't short grey market stocks.

[lucky, mydog]

the reason it was moved to the grey sheets was because no market makers entered quotes for three consecutive days. under rule 15c-211 that makes the form 211 on file to be voided. now of course the reason no quotes were entered was because the nyse deleted the ticker, but that's another story.

[F2FInv]

No I understand all of that. I'm just annoyed about it. Doesn't make sense it got put to grey. I've played at least 10 other bk stocks and never had this problem. t'm guessing this will get moved to the pink. I don't want to sell I want to buy. I wanted to buy at .06 I would have made a killing and it went down that low several times.

[lucky, mydog]

you need to understand what trading on the grey market mean. it's a matched market. mm's are prohibited from making a market. there is no bid or ask. there is also no incentive for an mm to spend time trying to find a match for your trade. mm's make no money facilitating these trades. most trades are done within a brokerage because it's easy to see what the orders are. if you really want to sell, call your broker and ask them the size and price of orders they have in house.

[F2FInv]

Not a single trade on TD Ameritrade went through. They need to get their %$&$ together. I would have made all my money back trading this today if it would have let me.

[lv2buygarbage]

GLTA 23900 Sold At 0.12
0.36 average. Glad to get something back.

[RubyStills]

Sold mine at .075

[UpTickMeA$AP]

Looks like my .05 prediction wasn't so bad after all.




http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124822027

[Renee]

Yes, but until a BK Judge cancels the stock the stock is allowed to trade, notwithstanding any Regulatory actions that could include a halt (FINRA) or SEC Suspension.

[hondaboost]

Ah, ESI filed Chapter 7 and the company is shut down, completely, Finished!

[lucky, mydog]

o.k., it's trading again.

[lucky, mydog]

sure it is, but maybe not with your broker. you may have to call them and inform them of the change.

[Mierman1313]

Yes it is. 2 trades within 8 minutes. Hilarious!

[make it happen]

It's not even showing up with the new symbol

[lucky, mydog]

Well, that's a slap in shareholders' faces.

i agree. this ticker seems to have been treated differently.

[Renee]

Well, that's a slap in shareholders' faces. Janice and I talked about this situation. We both know that concessions have usually been made for halted Exchange stocks that are eventually delisted to the OTC, not to the Grey Market. Without those concessions technically ALL Exchange listed stocks that are halted longer than 3 market days should be sent to the Grey Market, but most are put on the OTC with Market Maker representation.

I have a hunch that the resignation of the entire Board of Directors, turning over complete control of the company to the Chapter 7 Trustee, was a factor in putting ESINQ on the Grey Market.

8K: resignation of the B.o.D., Sept. 19,2016:

http://ih.advfn.com/p.php?pid=nmona&article=72467550

[lucky, mydog]

otc markets has esinq trading in the grey market.

http://www.otcmarkets.com/stock/ESINQ/quote

[Renee]

Ah yes.....there is that pesky problem where the stock was halted on the NYSE, initiated by the company. I think we need an expert like Janice to comment if a halt that had no regulatory action against the company has the same consequences of no Market Maker representation for a regulatory halt that exceeds 3 market days.

I'll ask her.

[lucky, mydog]

hello renee, so appreciative of your help. my thoughts were that this might be grey because no market maker quotes have been entered in over four consecutive days. do i need some instruction?

[lucky, mydog]

yes, your brokerage will make the change automatically.

[Candle]

I agree Renee. ESINQ has many short's who want to close out their positions as well as some longs. I just want to have fun with the volatility! Good luck everyone, nothing more fun than a Big Board stock that goes BK! IMO

[ZombieSecurityAgent]

I honestly don't know definitively whether other means greys or not. We will find out soon enough. Good luck.

Just my opinion.

[Renee]

ESI already had Market Maker representation on the NYSE. Unless the SEC initiates a Regulatory Action (eg., an SEC Suspension and / or an Adnministrative Proceeding) whereby such an SEC action forbids Market Makers from quoting a stock the stock should retain its Market Maker representations. If there are any other extenuating circumstances then FINRA could HALT a stock under U-3, but a Bankruptcy should not prevent the stock from retaining its Market Makers until / unless a BK Judge cancels the equity.

Shareholders who own share equity MUST be allowed to dispose of their stock on a bonafide trading market or system (OTC) unless any of the above SEC or FINRA actions prevent that from occurring.

To my knowledge.

[ZombieSecurityAgent]

Why are there no quotes for some securities?

Quotes for securities may not be available on www.otcmarkets.com for two reasons:

The security is an OTC, Other OTC, or Grey market security. "OTC", "Other OTC" or "Grey Market" is a security that is not currently traded on the OTCQX, OTCQB or OTC Pink marketplaces. Broker-dealers are not willing or able to publicly quote OTC securities because of a lack of investor interest, company information availability or regulatory compliance. OTC securities are indicated on www.otcmarkets.com by a grey triangle next to the symbol or on the top right of the quote page.

http://www.otcmarkets.com/learn/otc101-faq

Just my opinion.

[Renee]

FINRA uses Other OTC on all their postings, whether under Additions, Deletions, or Symbol / Name Changes.

Until the Chapter 7 BK is resolved the stock should be allowed to trade with Market Maker representation....ie., on the OTC, not on the Grey Sheets.

[ZombieSecurityAgent]

OTC Other. Think that means the greys. Please correct me if I'm wrong.

Just my opinion.

[RubyStills]

Will the ESI symbol automatically change if we have a position in our portfolio?

[Renee]

ESI changed to ESINQ. Delisted from the NYSE to the OTC:

http://otce.finra.org/DLAdditions

[lucky, mydog]

we don't know yet if it will be available to trade as a pink or grey.

[lucky, mydog]

Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
09/19/2016 16:21:15 Market Center Change Delisted from NYSE 09/20/2016 00:00:00 ESINQ ITT EDL SVCS INC Common Stock Other OTC
Details
Previous Value Current Value
Symbol ESINQ
Issue Name ITT EDL SVCS INC Common Stock
Class
Financial Status Indicator Q
Market Category Other OTC
Current Value
Daily List Date/Time 09/19/2016 16:21:15
Event Type Market Center Change Delisted from NYSE
Effective/Ex Date/Time 09/20/2016 00:00:00
Issue Type
Symbol ESINQ
Issue Name ITT EDL SVCS INC Common Stock
Class
ADR Ratio
Maturity Date
Market Category Other OTC
Offering Type No Restrictions
OATS Reportable (Rptbl) Flag Yes
Unit of Trade 100
Reg Fee Flag Yes
Daily List Comment
Subject to Corporate Action

http://otce.finra.org/DailyList

[macdwatcher1]

new trading symbol for ESI is now ESINQ

[lucky, mydog]

simply filing bankruptcy does not cancel shares. the bankruptcy court does once all the hearings are final. in this case that's likely to take quite awhile. maybe years.

[Mierman1313]

I have never seen that before. I think eventually it will be released again on the grey market.

[MoneyMike93]

Esi filed chapter 7 and never mentions anything about shareholders. The likelyhood of them trading again is 0.01%.