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The Canadians are far more strict on keeping stuff in line. Check their microcap markets, even the NEX (the POS market) is more regulated than the OTC in the US and they'll suspend anything that doesn't comply with a minimum standard.
Technically, if they can't abide by a few simple rules, they don't deserve the right to raise money from the public.
It's no wonder microcap volume has dropped off. Pinkies are like a shady carnival. The risk vs reward is becoming wholely unjustified.
The stock market shouldn't be like gambling. Risky, yes. Flat-out gambling, no.
Actually I got tired of the lack of transparency, I'm fed of it with $GPGD for example.
While I still own shares, I'm on the opinion that any company which wants to be listed has to either keep up with current data (even if it's only a periodical statement telling it's a listed empty shell with no assets or liabilities, plus director contact information)...or get the company delisted and permanently BANNED from the markets without any form to bring it back.
The old saying is, "it's gotta get worse, before it gets better".
I'm holding a pinkie right now that the TA confirmed to me the issued shares are unregistered. Any day, it could land on the NDE list. I never had that worry 2 years ago. While playing pinkies has always been risky, it's getting riskier than ever.
Yes, I agree, the days of the gagged TA and unregistered shares may be coming to an end. The non-transparency has been allowed to go on for just too long.
The Pinkies won't get wilder: rather, they'll dissapear if things continue this way.
http://wallstreetbranding.com/trading-volume-crash-on-the-micro-caps-how-can-your-company-thrive/
VGPR Mike Molen, when I talk with him had said his company was effected by the chill and that it would be resolved shortly. On the ibox list I dont see VGPR on it. so either he got off before it was printed or the list needs to be updated and he is on it now I will try that search and see if I can find his company on it.
going threw the pdf lists of companies the dtcc has canned. i really have to applaud them finally. just about all are the biggest pos plays out there. great news their cleaning out the junk.
i have been playing the subs off an on for the last 13yrs.
all of the companies i just looked threw never go up they r/s and look for new suckers. these loser ceo's must be crapping themselves I LOVE IT. rock on DTCC
My bad. There is a search engine that can be used for that.
that's what I did. You can search by using CUSSIP in DTC and I can't find UBRG for e.g. try NEOM. Its been a mystery to me. There's been a lot of commotion if this is true or not.
You may have to go a long ways back, as it doesn't appear to have a search engine, but this is the link where the new 'exits' are found:
Post 159
Link to DTCC NDE changes:
Look for: CUSIP's to be exited from CNS and future trades designated trade for trade.
http://www.dtcc.com/legal/imp_notices/nscc/2011.php
How do you search this on DTCC? I've been trying to figure out when did UBRG became non-dtcc
well, for most part if a stock is 0003 and under, they were diluting the stock heavy.
But i can almost guarentee that while they were being diluted, the market makers utalized their level 3 and shorted harder.
i own a few stocks that are over 01 on that list, all with tremendous failures to deliver on the reg sho.
Satisfying a curiosity of mine, I found that of the 260 stocks on the current list, 139 of them were driven (diluted?) down to .0001 or no bid.
I make it a point not to trade anything that has ever traded below .0003, solely out of fear it'll get added to the list as soon as I buy it.
Are you looking at the failure to deliver using the charts? I searched MSFT and their failure to deliver rate looks worse than SNRY, for example.
The non-DTCC thing is crazy stuff to me. I still can´t understand how a bankrupt company or a company committing fraud can keep trading freely while our non-DTCC subpennies are chilled.
its also coming to attention of some that some of the companies on the DTC list, also have had high Failures To Deliver on failurestodeliver.com.
proving counterfeit shares hit the market. We all have screamed for years, the MM's sell "air shares". Could this be causing some problems?
Fully Reporting Companies, can not do 504 fund raising, so hearing people blame "504s" for the freeze, is biased.
All Non-DTCC eligible stocks as of 11-22-11:
AAVG
ACHM
ADCS
ADOT
AEMD
AFTI
AFPW
AGIJ
AKYI
ALGF
ALTO
AMNG
AMNE
ANWM
APRM
AQUS
ATNP
ATPT
AXGC
BBDA
BEDA
BEHL
BIHC
BKPR
BLUG
BNPD
BOCL
BRMC
BRZL
BVRG
BYOC
BYRG
CAEJ
CCME
CCWF
CDGT
CDIV
CDOI
CGFIA
CHJI
CIST
CLDR
CLXM
CLYW
CMGR
CMGR
CNEX
COPI
COUV
CPHG
CPMCF
CTTD
CWRN
CYGX
DGIN
DGMA
DGRI
DIAAF
DMTA
DTGP
DTSL
DVME
ECDP
ECMH
EDLT
EDWY
EFIR
EFLN
EGOC
EGOH
EHSI
ELCR
EMLL
EMPZ
EMXC
ENTS
EVSO
EWKS
EWPI
FFGO
FNXC
FOGC
FTEG
FTRM
GBRC
GETC
GELVD
GGII
GGMC
GHLV
GLER
GPPL
GRBG
GRBT
GRDO
GRPS
GSLO
GSHN
GTLA
GTLL
HELI
HIRU
HLXW
HMGP
HNSS
HPNN
HRNF
HSCO
IDOI
IHGP
IMDS
IMJX
IMGR
INAR
INDR
INNP
INOL
ITCJ
IVVI
IVOI
IXMD
JVDTQ
KKUR
KORE
KRMC
LCOL
LEXG
LFXG
LGSL
LHPT
LKEN
LLBO
LLEG
LVLV
MCCI
MCDA
MCLN
MDOR
MDRG
MDYO
MGLG
MHLI
MIKP
MNDP
MNSI
MSGI
MSOA
MTEK
MVBY
MWIS
NEGS/NEGSD
NEOM
NPWZ
NSHJ
NTBS
NUBL
NVAE
NWMT
NYMH
OCBM
ONCP
ONFI
OPGX
ORRV
OPMG
OPTZ
OTOW
PCLO
PELE
PGCN
PHMB
PGNE
PIHN
POPN
POTG
PPTO
PRMO
PRPM
PPYH
PSGI
PSRU
PTEL
QMIN
QOIL
QURS
RBDC
RCCH
RGTX
RINO
RLAB
RMBM
RMTD
RSOU
SAVW
SAVY
SDRG
SGLS
SFIO
SLIF
SLRW
SMCE
SMEV
SMHS
SMPP
SNRS
SNRY
SNWT
SOLI
SOPV
SOUP
SPFM
SPLT
SPQS
SPZI
SREA
SSHS
SSPT
SSTC
STWS
SUMM
SMVI
TAON
TCLN
TEMN
TGGI
TIVU
TLAG
TSNP
TSPG
TWVH
UBEX
UBRG
UCHB
UDSG
UFBV
UNCO
UNGS
UNDT
UPCP
USOG
UTEM
VCRT
VCTY
VIPR
VIVK
VLCO
VLXC
VPLM
VSHE
WGAN
WHEN
WHKA
WNCG
WRIT
WSCH
WTCT
WWBP
WWNG
XDSL
XNEZ
The DTCC is not responsible for losses incurred by existing shareholders when they issue a restrictive action on a stock. Such actions are taken to avoid losses by future investors after the DTCC realizes there is a problem in with a stock's share structure.
The DTCC is a private corporation and is responsible to its broker/dealer clients -- not to publicly traded companies or the investing public.
It's my understanding that the DTCC informs B/Ds of the issues that cause restrictions on certain CUSIPs (stocks) but does not make such disclosures to the companies affected or to the investing public.
A lot of companies that have had DTCC restrictions of one type or another imposed have a sordid history with many red flags. Typically warnings about the stock have been posted on forums long before such actions were taken. Therefore, such restrictions are not unforseeable and should be considered a known risk factor when investing in PK stocks. An SEC suspension is another known risk factor which is growing in liklihood with the SEC Microcap Fraud Working Group.
Microcap stock fraud is out of control and the SEC, SROs and private clearing firms are working together to stop the perpetrators. I highly recommend that microcap investors watch this recent roundtable presentation to see where things are going. You can open two windows and read the transcript while listening to the audio (what I did).
http://www.sec.gov/news/otherwebcasts/2011/microcaproundtable101711.shtml
Or the DTCC!!
By the way, I sent an email to the DTCC and they even refuse to give information. They say my broker should contact them directly.
"DTCC Service Restriction Inquiries" <DTCCServiceRestrictionInquiries@dtcc.com>,
When I was a newbie, it took me months before I even understood dilution. Aside from buying a momo-play at it's peak, nothing will steal your money quicker than dilution.
As an OTC newbie, I never thought you would need to go that deep into research when buying a stock. I generally buy only looking at charts, price, volume, and that...
One simple call to the TA. If they tell ya the o/s, great. If not, then obviously the company is trying to hide something (usually dilution).
Some TAs say that it's their policy not to release numbers but that's BS.
How could you possibly know that about any stock?
TA= Transfer Agent. Gagged TA is when the TA will not release the current o/s at the request of the company.
Hi.. Could you clarify a bit? What do you mean with "gag the TA"?
New CUSIP’s to be exited from CNS and future trades designated trade for trade (11/18/11):
392711107 Green Bridge Technologies International, Inc.
37950U204 Global NuTech, Inc.
640505301 NeoMedia Technologies, Inc.
42841B100 Hi-Tech Crime Solutions Corp. formerly known as Spoofem.com USA
92581N103 Vicor Technologies, Inc.
804689107 Savanna East Africa, Inc.
92862Y109 VOIP-Pal.com, Inc.
34512L103 For the Earth Corp.
799560107 San West, Inc.
63948P206 Neah Power Systems
94110N109 WatchIt Technologies, Inc.
501294102 Kurrant Mobile Catering, Inc.
171334204 Church & Crawford, Inc.
62950A107 NX Global, Inc.
04915Y309 Atlantis Technology Group
GRBT
BOCL
NEOM
SPFM
VCRT
NVAE
VPLM
FTEG
SNWT
NPWZ
WTCT
KRMC
CCWF
NEGS/NEGSD
ATNP
http://dtcc.com/downloads/legal/imp_notices/2011/nscc/a7325.pdf
Arbitrary perhaps, but nothing we can do about it except to play stocks that have never gagged the TA, since that's probably the one single most common trait of all the non-DTCC eligible.
There's similarities to counterfeit money. Doesn't matter so much who handed it to you; get caught with it and you lose.
Pinksheets have long been called the Wild, Wild West, and by all apearance, they're only gonna get wilder.
If the system was logical and/or if the supervision was functional, those shares wouldn´t make it into the markets. If they have entered the market, it´s not our responsibility. On the contrary, we should have the right to make claims to whom was irresponsible and unable to control, or to the legal void allowing such things, or whatever. Anything, except having US punished.
If a stock can keep trading normally when it goes bankrupt, and even when a fraud is uncovered (like RINO), how come this happens just because of unregistered shares. It looks like something totally arbitrary to me.
I think you are right. I am not sure about how the paper work is. However, what I mean is that it´s not traders fault or responsibility. The bottom line is that there´s a lot of schizophrenia an lack of credibility around this system.
There are no clear rules,and out of the blue traders are punished because someone else failed to do their supervision job.
Has anybody or yourself asked a specialized lawyer about this? We MUST have some rights in America, the land where rights are supposedly so respected... Someone or some authority should give us a solution.
Most all stocks DO trade w/o physical cert. deliver. It's only the ones who have issued questionable shares that the DTC is having the problem keeping records on.
DTC may impose certain restrictions on a security in situations where DTC may become aware of certain potentially illegal or otherwise questionable features of a security, its issuer or other principal parties. In addition, DTC may place restrictions when it 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 of a security, may not be fungible and freely transferable as required for DTC services, it may decide, with respect to that security, to chill one or more of its services or place a global lock on all services, as it deems appropriate.
Most all stocks DO trade w/o physical cert. deliver. It's only the ones who have issued questionable shares that the DTC is having the problem keeping records on.
What I don't understand is why some stocks still trade on certs almost on 2012, it's lame. Why aren't shares created in book-entry only form?
Futures contracts, for example, lack of a physical paper counterpart.
As for share registrations, shouldn't Transfer Agents be responsible of doing such job?...Because keeping records of who owns what could be easily done by a central database at the DTC or whatever.
That's the first time I saw that. Not sure what difference it makes now, seeing that amnesty was granted for only one week, back in August.
Isn´t this reason enough to Occupy Wall Street? )))))
I think the non-DTCC thing is the most outrageous of all crimes committed against small traders...
Every part of this is a FRAUD...
The main part being: traders cant be punished because unregistered shares made their way into the markets. Obviously, if that happened, is because the control failed. The corresponding authorities didn´t make their homework and WE pay?? Noooooo...
Like I said 10000 times at scattered places out there, this can´t even be legal....
The amnesty is mentioned here
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/set/0846-11.pdf
Could you please explain what that means? Are they new non-DTCC stocks or it is something else???
Thanks
Never heard anything about that.
What about the amnesties? I read there are periodical amnesties to sell such non-DTCC stocks. How often are they?
If the controls fail, we shouldn´t be punished
It´s not the traders fault if the market authorities allow unregistered shares to reach the market. Those shares should never reach the market in the first place. It´s not right to punish traders, who are not in the position to do that supervision. Traders don´t have authority or technical abilities to supervise the bureaucracy of markets.
I think we should sign the petition... It´s something we can do to protect us from the DTCC
http://www.change.org/petitions/have-congress-make-the-dtcc-accountable-to-oversight-by-the-fed-make-the-dtcc-accountable-to-a-govt-agency
thank you
lowman
will do and great board
I don't follow the ANDI board, so I couldn't answer that.
It might take some poking thru the CNS exits, but you could probably find out that way.
There's a link in the stickies that takes ya where ya need to go to reasearch that.
anybody know what ANDI did to get off of the list?
it seems very difficult to get off that list and im wondering what ANDI did to successfully get off of it
also do you guys know when ANDI first got on the list. i want to know how long it took to approx get out of the list
tia
great info guys
Considered trading both DGIN and POTG this past week. Damn glad I didn't! Damn glad!
All Non-DTCC eligible stocks as of 11-10-11:
AAVG
ACHM
ADCS
ADOT
AEMD
AFTI
AFPW
AGIJ
AKYI
ALGF
ALTO
AMNG
AMNE
ANWM
APRM
AQUS
ATPT
AXGC
BBDA
BEDA
BEHL
BIHC
BKPR
BLUG
BNPD
BRMC
BRZL
BVRG
BYOC
BYRG
CAEJ
CCME
CDGT
CDIV
CDOI
CGFIA
CHJI
CIST
CLDR
CLXM
CLYW
CMGR
CMGR
CNEX
COPI
COUV
CPHG
CPMCF
CTTD
CWRN
CYGX
DGIN
DGMA
DGRI
DIAAF
DMTA
DTGP
DTSL
DVME
ECDP
ECMH
EDLT
EDWY
EFIR
EFLN
EGOC
EGOH
EHSI
ELCR
EMLL
EMPZ
EMXC
ENTS
EVSO
EWKS
EWPI
FFGO
FNXC
FOGC
FTRM
GBRC
GETC
GELVD
GGII
GGMC
GHLV
GLER
GPPL
GRBG
GRDO
GRPS
GSLO
GSHN
GTLA
GTLL
HELI
HIRU
HLXW
HMGP
HNSS
HPNN
HRNF
HSCO
IDOI
IHGP
IMDS
IMJX
IMGR
INAR
INDR
INNP
INOL
ITCJ
IVVI
IVOI
IXMD
JVDTQ
KKUR
KORE
LCOL
LEXG
LFXG
LGSL
LHPT
LKEN
LLBO
LLEG
LVLV
MCCI
MCDA
MCLN
MDOR
MDRG
MDYO
MGLG
MHLI
MIKP
MNDP
MNSI
MSGI
MSOA
MTEK
MVBY
MWIS
NSHJ
NTBS
NUBL
NWMT
NYMH
OCBM
ONCP
ONFI
OPGX
ORRV
OPMG
OPTZ
OTOW
PCLO
PELE
PGCN
PHMB
PGNE
PIHN
POPN
POTG
PPTO
PRMO
PRPM
PPYH
PSGI
PSRU
PTEL
QMIN
QOIL
QURS
RBDC
RCCH
RGTX
RINO
RLAB
RMBM
RMTD
RSOU
SAVW
SAVY
SDRG
SGLS
SFIO
SLIF
SLRW
SMCE
SMEV
SMHS
SMPP
SNRS
SNRY
SOLI
SOPV
SOUP
SPLT
SPQS
SPZI
SREA
SSHS
SSPT
SSTC
STWS
SUMM
SMVI
TAON
TCLN
TEMN
TGGI
TIVU
TLAG
TSNP
TSPG
TWVH
UBEX
UBRG
UCHB
UDSG
UFBV
UNCO
UNGS
UNDT
UPCP
USOG
UTEM
VCTY
VIPR
VIVK
VLCO
VLXC
VSHE
WGAN
WHEN
WHKA
WNCG
WRIT
WSCH
WWBP
WWNG
XDSL
XNEZ
ZLUS
New CUSIP’s to be exited from CNS and future trades designated trade for trade (11/10/11):
805430105 SavWatt USA, Inc.
82920N104 Simulated Environment Concepts, Inc.
25536L202 Diversity Group International, Inc.
87243J102 TGI Solar Power Group, Inc.
735867103 Portage Resources, Inc.
12428A205 Buyer Group International, Inc.
26971V101 Eagle Oil Holding Co. Inc.
68234C207 OneFi Technology, Inc.
836119107 Soupman Inc.
SAVW
SMEV
DGIN
TSPG
POTG
BYRG
EGOH
ONFI
SOUP
Yes, ANDI is one that I'm aware of. Unfortunately though, they DTCC issues additions, but I'm not aware of them announcing any removals.
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