Shi Corporation (SHCC)

[FlashBack]

Still have not received mine as of yet......

[going]

I haven't yet was told several months ago that it was comeing. The old shares are out of my account

[gabkok]

Has anyone received roundup shares in this company yet?

I am still waiting for response from the company.

[Buckey]

as info folks, AS much as I am travelling a lot as my business grows and expands and I truly have no time for this I AM STILL ACTIVE on principle only. For me not now or ever about the money

[cbhunter]

Looks like you were right.

If we can keep up the pressure, maybe one day...

[TEX]

"Insider," I'm guessing...

[cbhunter]

I have a feeling there may have been some roundup shares just released. I see a 500 share lot being traded and no bid or ask.
Looks like the MM is getting ready for a dump.

Could just be my wishful thinking.

[ottoman]

"I am also pissed because hottub and pool is full of teenagers at the hotel. simply do not feel comfortable with a middle aged fat guy in hottub surrounded by young people on principle only"

Obviously you haven't had enough to drink yet. Several more drinks and you'll be 18 years old and the hottest guy in the whole town!!

lol :)

[Buckey]

I compare this to a situation where someone say for example buys 51% of the o/s in the market then appoints a new lawyer and says recsinds past cash dividends and funnels the cash back to the company when they now control. This shole thing is so ludicrus. I am travelling so I have some time to vent. The dangerous precedents onlyt give me more ides on how to easily rip people off if I ever decide to buy a shell. I never will because I could never do it and by "IT" I mean the very easy way to simply rip off shareholders. I know its the pinks or the OTCBB but still they just opened up another ghlaring loophole. I am also pissed because hottub and pool is full of teenagers at the hotel. simply do not feel comfortable with a middle aged fat guy in hottub surrounded by young people on principle only

[TEX]

not yet, please :)

[swenglish]

GIMMEE MY SHARES!

lol, blog about how their product/service is crap. kill their pps

[Phoenix-Rising]

well.. letter from scottrade dated April 16th
(after my complaining) says I am not entitled shares because I am not eligible, per MXSV lawyers.

and

Scottrade considers the matter closed.


looks like we lose... whats new


"Do unto others as you would have others do unto you."

[TEX]

I did, but she forwarded my response to the guy I had already been dealing with... doh!

Late last week he *still* had not done anything with it, and promised *once again* that he would move on it.

More firepower couldn't hurt, but imo it's best to be as professional and courteous as possible...but firm and rational, if you catch my drift...

[Discovery]

Did anyone send this lady our response to bean brains letter? I've been out and haven't had a chance. I will, but wanted to know if any one else has done it first or not? We need to let them know about his deceit. Not being explicit and filing the 14c's a month to 2 months out from the original filing. And to point out in bold how blatant it was, especially after he saw all the folks buying his POS stock.

[TEX]

have suggested to the SEC that they all have a chat...have no idea why the feet are dragging so sluggishly

[sidedraft]

Wouldn't it be just lovely if she would make a little phone call to someone over at the SEC, and suggest that the reign of Drage should be ended.

[TEX]

He pulled the same chit with LGYH...

The Director of NASDAQ's Corporate Data Operations (the dept. that sets ex-dates) is familiar with Drage and his history as a penny-stock attorney. However, she says, this is an SEC problem...

[gabkok]

Here is Drake's website: http://www.dragelawfirm.com/

Everybody can send him emails to let him know what the law really states regarding shareholder notification.

[gabkok]

I don't think he (Drake) realized every filing with SEC is available to the public the same moment or day it filed.

[gabkok]

According to the following excerpt from DEF-14C filed on 10/25/07, reverse split applies to shareholders as of EFFECTIVE DATE which is 11/23/07:

"In order to effectuate the reverse split, each shareholder will be entitled to submit his or her old stock certificate (any certificate issued prior to the effective date of the Recapitalization and name change), to the Company's transfer agent, Securities Transfer Corporation, 2591 Dallas Parkway, Suite 102, Frisco, Texas 75034, and be issued in exchange therefor, one new certificate in the new name of the Company representing the Common Stock on a 1,000 for 1 basis, rounded up to the nearest whole share. The Company shall pay the cost of such issuance, if presented to Securities Transfer Corporation, within 60 days of October , 2007. After 60 days from the effective date, all exchange requests must be accompanied by a check payable to Securities Transfer Corporation in the amount of $20 per certificate to be issued. The Company will not pay for any additional certificates requested or for the transfer of certificates into names other than those in which the certificates are in presently. To eliminate confusion regarding the Common Stock, the Board of Directors urges the shareholders to surrender their certificates for exchange; however, shareholders are not required to do so."

[Discovery]

just read the Drage letter in the iBox. What a crock. Why did he do Pre-14c? 3 times I think it was. He was knowingly trying to get folks to buy stock. What a lying turd.

[TEX]

LMAO...

good catch

[MagneticMicrospheres]

LMAO... Just noticed the ringleader in the ibox; nice touch!

[Zardiw]

Thanks Otto.....et z

[ottoman]

oh, and I only got 97 shares I think. Maybe it was 99. Not the full 100. weird either way. The whole thing was probably just a mistake.

[ottoman]

qqqdirect (which is really My Stock Fund).

http://www.qqqdirect.mystockfund.com/

basically their accounts are "handled" through mystockfund, but the reason you want to open it through qqqdirect, is because that's the only way you can get a zero-monthly-charge account.

mystockfund uses Legent clearing as their clearing firm, and Legent can be (not always) pretty good with speed of getting round ups....but that's been my experience with most clearing firms. Once time they're first, the other last. Except TD Ameritrade which always sux. Maybe IPOR was just a Legent screw up. Never got MXSV.

mystockfund has drawbacks!

the only discount brokers I know of are Tradeking, and mystockfund.

Tradeking is now useless for otcbb/pinksheets, and they froze down my accounts because of roundups. Had to get Finra involved to get them to ACAT transfer my JDMC shares to another broker, as they REFUSED. aholes.

mystockfund is similar to sharebuilder. It's one of those dollar-cost-averaging, big-board stocks kinda brokers. They charge your commission costs ($12.99 for realtime trade) all at once. Once a month to either a credit card or bank account.(usually the first Friday of the first full week of the month after your purchases......got that?? lol) ......

AND........ no limit orders! Maybe if you call them, they would do it ......IF.....you can talk to someone. I don't think they are geared to be taking peoples trades over the phone.


qqqdirect (Legent really) closed down/consolidated my 6 accounts into 1 because of my round-up playing. so they are smart to it. I still have 1 account with useless roundups because they're worth less than $12.99. I haven't used the accounts in weeks.

Not doing the round-up thing much/any more. Got burned with heavy commission costs for MXSV. might play in 1 or 2 accounts. I'm closing most down.

[TEX]

IPOR?

not Scottie, not Choicetrade...

another stoopid-broker meltdown, imo

[Zardiw]

So which broker...want to open an account....et z

[Buckey]

- I kept telling him this is unprecedneted but in the back of mind had both of those hanging over my white lie

[Art2Gecko]

Rules don't apply?? yeah, I guess the GVRP and BCIT precedents set that, eh?

[Buckey]

IDA which is the FINRA of Canada just called - says rules dont apply and company can call back divvy if they want - They think - they dont even know -

[Phoenix-Rising]

letter in the mail from scottrade.. back at square one.. idiots

[Day Trdr Belle]

Oh, I love this one! I didn't get the memo about the 70+ rule change either! ;)

[Day Trdr Belle]

Thanks!

Etrade gave me my shares then took them back.

Will certainly use this.

Thanks again!

[Phoenix-Rising]

Most ceo's that have lied to me get one of these
http://www.poopsenders.com/?gclid=CPi17Y2c-pICFQ0Fkgod7CbGBQ

[Phoenix-Rising]

LOL..

[Buckey]

SCOTIA and Pat Del Mastro wrote me the letter implying I was confused/ what a fucking joke. I wish I still lived in teh city I would march down to King and Bay and teach those stupid MBA assholes a course on stocks.

[Phoenix-Rising]

scotia?

[Buckey]

SCotis.

Ill scan it later

[Phoenix-Rising]

scottrade?

[TEX]

tragically sad

[Buckey]

received written response from broker in mail. HOGWASH talk of the record date and no refernce to x date. However, they have other avenues with the bank for me to take it to the next level.

So sad that I have to educate the bank on how the market works

[TEX]

yep...and they're dragging their feet, ponderously.

Why, I can *not* imagine...

[Buckey]

I would still argue that because my trade was executed on a US market that they should be governed by FINRA but it seems that morons run everytghing

[Phoenix-Rising]

My best guess is the SEC complaint will be the only hope. Hopefully they see through that joke of a letter Drage wrote

[Buckey]

FINRA complaint dead sadly but I have an IDA complaint filed



Subsequent to our correspondence to you, we discovered that you are not a client of Scotia Capita (USA) Inc., a FINRA member firm, but rather its Canadian affiliate ScotiaMcLeod Direct Investing. Unfortunately, FINRA does not have jurisidiction over ScotiaMcLeod, as it is regulated by the Investment Dealers Association of Canada (IDA).

However, Pat Del Mastro of ScotiaMcLeod provided FINRA with a copy of its correspondence to you, dated April 22, 2008, responding to the events alleged in your complaint. You should be receiving this letter shortly.

Thank you for contacting FINRA.

Sincerely,

Bo Kim
Regulatory Analyst
FINRA – Member Regulation
Investor Complaint Center

[Phoenix-Rising]

still no reply from scottrade compliance office...

though not totally related, maybe the SEC will get drage on back dating.. though in this case it took 5 years...


U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20532 / April 22, 2008
Accounting and Auditing Enforcement Release No. 2811 / April 22, 2008
Securities and Exchange Commission v. Broadcom Corp., United States District Court for the Central District of California, Civil Action No. SACV 08-00430 JVS (RNBx)
Broadcom to Pay $12 Million Penalty to Settle Charges for Fraudulent Stock Option Backdating
The Securities and Exchange Commission today filed a civil fraud action against California-based semiconductor maker Broadcom Corporation for falsifying its reported income by backdating stock option grants from 1998 to 2003. As a result of the fraud, Broadcom restated its financial results in January 2007 and reported more than $2 billion in additional compensation expenses. Broadcom has agreed to settle the matter by consenting to pay a $12 million civil penalty and be permanently enjoined.

In a complaint filed in the Central District of California, the SEC alleges that from June 1998 to May 2003, Broadcom, acting through its top officers, backdated the dates on which stock options were granted to executives and employees. Broadcom's Chairman and Chief Technology Officer and its former CEO sat on the two-member option committee that had authority to approve options to employees and all but the most senior executives, whose grants were to be decided by two independent directors comprising Broadcom's compensation committee.

The SEC alleges that the option committee approved as many as 88 grants during the relevant period, but for many of these grants there was no meeting or decision made by the committee on the dates the grants were supposedly approved. Instead, Broadcom's former CFO allegedly selected many of the grant dates retroactively based on a comparison of Broadcom's historical stock prices, and the two option committee members allegedly concealed the backdating by signing false committee written consents stating that the grant had been approved "as of" the retroactive date. Through backdating, Broadcom made it appear that the options were granted at times corresponding to low points of the closing price of Broadcom's stock — despite the fact that the purported grant date bore no relation to when the grant was actually approved. This resulted in artificially and fraudulently low exercise prices for those options. In addition, the complaint alleges that the top officers — not the compensation committee — decided on option grants to Broadcom's executives and used hindsight to select the dates for them. According to the complaint, Broadcom's general counsel directed the preparation of false board and compensation committee consents to conceal some of these grants.

The SEC further alleges that, as a result of the backdating scheme, Broadcom avoided reporting $2.22 billion in compensation expenses during the relevant period and thus overstated its income from between 15% to 422% and understated its loss from between 16% to 38%. The unrecorded compensation expenses and hidden backdating practices led Broadcom to provide false and misleading disclosures to its shareholders in filings with the SEC through 2005.

Without admitting or denying the SEC's allegations, Broadcom has agreed to settle the charges by consenting to a permanent injunction against further violations of Section 17(a) of the Securities Act of 1933 and Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B), and 14(a) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-11, 13a-13, and 14a-9 thereunder. Broadcom also has agreed to pay a civil monetary penalty of $12 million.

Broadcom's settlement is subject to approval by the court.


http://www.sec.gov/litigation/litreleases/2008/lr20532.htm

[snowcloud]

You go, Buckey, get that Drage. I'm behind you 100%. That post today does show that someone in addition to you (Ameritrade) is fighting the good fight, which to me is a very positive sign.

[Buckey]

NEVER TRUST anything I post in terms of being exact. I have a had time getting all 4 letters in a row in the right order and the rightletters. I type fast but not in right order - also - dealing with massive disaster at work

LONG ole fav MMGP this am at .002 but didnt post as itw as not for thread - feeling good on the doubl;e

[ZavBar]

April 145th already? damn, time flies - seems like it was just ASpril yesterday.