Mindpix Corp. (fka MPIX)

[georgie18]

Where do you see that...

[LB]

Georgie - what does the last matter dated 11/28 mean - does it mean it could be active again? Thanks for your feedback, in advance

[Maraaj]

LB

They Were concerning a different ticker completely off topic. Iorg nothing to-do with Mpix.

I was not the poster and it was a double post if I recall correctly.

[LB]

Pizzaclown - since you are the only MOD listed and able to delete posts, and my screen shows 2 posts today but I do not see them, what did they say

[Reluctant Observer]

A few of us have an offsite database that track these guys.

Worth the lesson in the long run.

Painful in the short run.

But kahuna Matata!

[fitz1006]

Yup, very unfortunate. Lost quite a bit in this one. Lesson learned, and following the group and individual involved for future tickers.

Learned big time with this one hit.

[Reluctant Observer]

I followed and I learned.

Hard hit but lesson learned.

[Alexxdj1]

I lost friends over this, but I knew they were fronts nbd. Lets focus on real deals.

[fitz1006]

Very true. Always have to keep be careful with any of these tickers. Lost big with this.

[Alexxdj1]

especially known frontloaders fitz.

[fitz1006]

Learn from this and never follow groups into these plays. Educate yourself on what to look out for and who to look into when these type of stocks pop onto the radar. Here is a read about MPIX and the group(s) that concocted everything.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144617952&txt2find=mpix

[koolmc]

cause get chance for peeps to sell at loss at .0001 to get something back and claim tax loss

[pitts77h]

Not sure why getting wiped out on high volume is any more interesting than getting wiped out on low volume.

This POS is dead and buried. What earthly difference does the VOLUME matter?

[atpsylee]

What happened here guys? .001 to .0001???

[LB]

At least more volume today

[LB]

Let’s get this baby moving !!!

[LB]

Thank you

[Pandemonium75]

Only if they reply to your post, like this one. Otherwise you will see it as a number of unread messages on your Favorites list.

[LB]

Hopefully it’s a sign it is coming back to life

[Silverlakes123]

Nobody wants my 2 mil shares for sale at .0001? Haha

[LB]

Question: is there a way to set an “alert” where you get an email if someone posts on the board here?

[Sirpeter]

Prob Soros LOL

[JohnnyBlaze]

Someone bought some lol

[Silverlakes123]

Well that hurts seeing a huge loss

[pizzaclown]

Well, it looks like we finally had a trade.

[pitts77h]

No, that's not at all what it means in this case.

Piggybacking is when a broker copies it's clients trade

He was asking specifically about the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3). It has to do with when broker-dealers are allowed, or not allowed, to publish quotes in OTC stocks.

Here's an official SEC explanation:

https://www.sec.gov/rules/exorders/2016/34-79360.pdf

Rule 15c2-11, with certain exceptions, requires that a broker-dealer that publishes or submits for publication quotations for OTC Securities in a quotation medium gather, review, and preserve certain specified information and have a reasonable basis under the circumstances for believing that the information is accurate in all material respects and was obtained from reliable sources.

Rule 15c2-11 includes an exception to the rule’s requirements — the “piggyback” exception — for when a broker-dealer publishes, in an IDQS that specifically identifies as such unsolicited customer indications of interest, a quotation for an OTC Security that was already the subject of regular and frequent quotations in compliance with rule 15c2-11(f)(3)(i).

For this piggyback exception to apply, the security must have been the subject of quotations (exclusive of any identified customer interests) in the IDQS on each of at least 12 days within the previous 30 calendar days, with no more than 4 business days in succession without a quotation.

Thus, if a publication or submission for publication of a quotation for an OTC Security meets all of the requirements of this exception, a broker-dealer can “piggyback” on either its own or other broker-dealers’ previously published quotations in an IDQS.

In English, this means that when the SEC suspends a scam POS stock (like this one)the stock isn't going to be quoted for 30 days, and therefore the piggyback exemption is no longer available to broker-dealers.

It means this POS will never trade again.

[Sirpeter]

Piggybacking is when a broker copies it's clients trade...another words his client buys 1000 shares of MPIX and the broker does the same using his personal account

[sidedraft]

PHOT was not suspended then sent to the greys because of being delinquent in their filings, MPIX was. Huge difference.
Suspension due to being delinquent leads to one thing, revocation.

[kairos]

Hope is indeed slim here but stocks have come off the greys ... PHOT is one example ... fwiw

[Reluctant Observer]

Thank you.
I appreciate the energy to gather and post that info.
Added to my knowledge base.

I wish it was more positive but I can say in 10 years I have never been a bag holder before.

What a trip!

Lol.

The price of knowledge!

[pitts77h]

It's a technical rule relating to broker/dealers making quotes in non-NASDAQ OTC stocks - like pink sheet stocks. It also explains quite clearly - if you're a securities lawyer - why MPIX will never trade in any market other than in the greys ever again.

http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=1675&print=1

SEC Rule 15c2-11 governs the submission and publication of quotations by brokers and dealers for certain non-Nasdaq over-the-counter equity securities. Specifically, the rule applies to a broker/dealer's initiation or resumption of quotations for such securities in any interdealer quotation medium, including the NASD's OTC Bulletin Board" and National Quotation Bureau, Inc.'s "Pink Sheets" ("pink sheets"). Pursuant to the rule, brokers and dealers are required to review and maintain specified information about the issuer of the security before publishing a quotation for that security...

An SEC trading suspension should alert the broker/dealer to the possibility that information in its possession concerning the issuer may no longer be current or accurate. The broker/dealer must be particularly cautious when seeking to reinstate quotations following an SEC trading suspension. The member must obtain a copy of the Commission trading suspension order or the Commission release announcing the trading suspension. A broker/dealer should, at a minimum, receive assurances or additional information with respect to matters cited in the suspension order or with respect to other matters affecting the broker/dealer's reasonable belief as to the accuracy of the information. Reliance on new information or assurances from prior sources of information in these circumstances, however, requires caution. In exceptional cases, where the source is unable to provide reasonable assurances about the reliability of the information, consultation with an independent accountant or attorney may be warranted. All information gathered in the broker/dealer's investigation of the issues must accompany the Form 211 application.

[Reluctant Observer]

I don’t really have any magical hope here.
I understood the risk growing in.
Any chance this might still have a chance?
Could I or somebody go throw $100,000 at it and take custodianship?

I would consider it.

[Reluctant Observer]

2. Mindpix Corp. (CIK No. 1053368) is a revoked Nevada corporation located in Miami Beach, Florida with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Mindpix Corp. is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10 registration statement on November 18, 2014, which reported a net loss of over $3.86 million for the year ended December 31, 2013. As of August 28, 2018, the company’s stock (symbol “MPIX”) was quoted on OTC Link, had five market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

[Reluctant Observer]

Could somebody explain the “piggyback” thing?

[Reluctant Observer]

Matter continued?

10/22/2018 Status Check: Settlement Documents

Judicial Officer
Denton, Mark R.

Hearing Time
9:00 AM

Result
Matter Continued

[pitts77h]

Custodian of a dead ticker?Who would want THAT?

What about the custodianship court case?

What's the point of gaining custody of a stock that can't trade?

The SEC action kills ALL those scummy maneuvers. Stick a fork in this one, it's OVER. The custody action is probably the reason the SEC finally moved to kill this dead POS.

I'm quite sure the matter will be withdrawn or "settled" without any action taken.

[Reluctant Observer]

What about the custodianship court case?
Was that cancelled?
Thanks.

Still holding millions.
:)

At least their price is holding rocksteady.

(Insert sarcastic tone)

[pitts77h]

No, it couldn't.

Look, it's very simple. This is a dead stock. A group of professional dirtbags got hold of it and attempted to hijack the ticker. The issued a bunch of false and misleading PR, and filed some paperwork. The SEC caught wind, and shit it down.

That's all there is to it. It's over. MPIX is no more.

[fitz1006]

Could be...

[pitts77h]

Does anyone imagine the SEC will change their MINDS?

Lets see what happens...

LLOLLOLLOL

Sorry everyone, this is toast. Dead. Gone. History. Wipeout. Total loss.

[georgie18]

Your very welcome...

[fitz1006]

Appreciate this little golden nugget Georgie. Lets see what happens... GLTA.

[LB]

Wonder how long it takes for the court to decide and we see an update?

[LB]

I 2nd that suggestion.

[Buffalogirl]

Shouldn't this be stickied?

[georgie18]

Your very welcome...

[LB]

Thank you so much for sharing as it lifted my spirits

[LB]

Please Jesus....I have been praying

[Pandemonium75]

Matter continued...hrmm...HOPE?

[georgie18]

MPIX...Custodianship Hearing...https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=GfPMuUQawRajfjAG1ZRjrQ2&tabIndex=3