TexStar Oil Corp. (fka TEXS)

[today32]

You never know with these things. Someone is gobbling up these shares like they know something.

This could be an exciting one! Crossing my fingers =)

[mrhenry123]

was there a round up ?

[enzo2]

good point

[ottoman]

screw it, I wouldn't buy this stock, only headed down from here I'd bet. Why would you ever want to buy a stock with a 10 cent bid, and $10 ask?

that's a 10,000% spread lol! skull and crossbones warning.

(of course now that I said that, it'll probably explode lol)

[ottoman]

I believe this stock is "chilled" from the DTC. so if you have an APEX (formally Penson) cleared broker, they won't let you buy it

[enzo2]

thanks. i am tempted to buy some anyway. Would you bother buying it anywhere at all or screw it?

[mrhenry123]

good luck delivering those shares..........

[ottoman]

that's how these huge reverse splits work for penny stocks, they never even remotely start trading at the "theoretical" split price. In this case....

$10 current stock price, $2500 theoretical post-split price...

= 0.4% of theoretical price.

welcome to pennystock POS world lol.

[enzo2]

you seem someone in the know...where do you think it should be? thanks

[mrhenry123]

tried to buy $10 but coming back rejected.......

[enzo2]

i believe $2,500.00 per share. pre-split the last trade was 2.5. so a 1:1000 reverse puts it at 2,500. Bloomberg shows it down 2,490 just like ihub. Please call me an idiot if i am wrong but 10 on the offer???

[ottoman]

who knows. theoretically, the bid was at $1 before the reverse split, so the bid should now be $1000. LMAO! current bid is 10 cents.

[mrhenry123]

where should this stock be ?

[ottoman]

someone got shares it looks like, able to sell at ask. Unlikely someone is buying at the $10 ask in 100-share increments.

[ottoman]

I found this memo from the DTC (dated 2010) about why they "chill" stocks.

http://www.dtcc.com/downloads/legal/imp_notices/2010/dtcc/z0025.pdf

"During certain reorganizations, redemptions and maturities, DTC will chill the security for book entry activities to ‘close the books’ with the transfer agent in order to stabilize positions while the event is occurring. This may cause NSCC to exit the security from CNS eligibility. In a limited number of cases where a Money Market Instruments (MMI) issuer defaults, all MMI securities associated with the issuer are chilled for all future MMI issuances and maturities."

Like the TA told you, hopefully it's a temporary chill. Maybe after the "D" drops off the symbol we'll have a bid/ask. Who knows.

The company (BONAMOUR PACIFIC, INC.) consists of just 1 person lol. So I doubt he would be hanging around the office waiting for an investor phone call.

Maybe the TA will know more in a week or so.

[ottoman]

this deal is getting worse every second lol. Did a little reading on what a dtc "chill" is..

(from http://securities-law-blog.com/tag/dtcc/ )


"In technical terms, a DTC chill is the suspension of book-entry clearing and settlement services with respect to an Issuer’s securities. In layman’s terms it means your stock can’t clear or trade electronically. Since all trading in today’s world is electronic, it really means your stock doesn’t trade."

no wonder there is no bid/ask yet. There doesn't need to be one if this pos can't trade.

"From the DTC perspective, a chill does not change the eligibility status of an Issuer’s securities, just what services the DTC will offer for those securities. So while an Issuer’s securities may still be in street name (a CEDE account), DTC can refuse to allow the book entry trading and settlement of those securities."

[today32]

I spoke with her yesterday and the chill is still in place. She didn't know anything about when it would be removed.

I only have one other experience with a chill, and the company provided some info to DTC, but DTC eventually made them ineligible and wouldn't tell the company why.

I think the next step would be for one of us to call the company and find out what they are doing about it.

[ottoman]

you said that the TA told you that the "chill" was supposed to be temporary.

-->> Found out that BONP is DTC elgible, but DTC placed a chill on it because of the pending corporate action (apex's non-dtc eligible list includes chilled stocks). TA said that once the reverse split is completed, the chill should be removed.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78089123

Hopefully that is still correct

[today32]

You may want to contact Lowtrades Corp Actions dept to make sure they handle it correctly.

DTC has a "chill" placed on BONP, which means that they are in limbo... I think that the company has to provide information to DTC in order to be restored, but I have no idea if the company has contacted DTC to find out what info they need to provide them with, or if the company even knows that DTC has chilled them. Apex clients still have BONP on the Non-DTC Eligible list, so yes, there will be a $300-$700 fee for selling the stock until DTC approves them again.

Anybody know if the company is aware of this and planning to get it resolved?

[ottoman]

no, lowtrades said nothing about it.

DTC not handling things? yikes, I hope that we're not going to get hit with some enormous fee to sell this pos.

apparently it was DTC eligible, but why wouldn't the DTC be handling things if it, in fact, was DTC eligible.

Have to wait and find out what happens.

[today32]

I found out yesterday that DTC is not handling things, and your broker will have to go directly to the transfer agent and bypass DTC all-together.

You may want to pass this contact info along to your broker's corporate actions department: Securities Transfer Corp - Rosario [phone], option #2.

Did Lowtrades say anything about this to you?

[ottoman]

no, no shares yet. I was just surprised by the TA fee deducted from my account.

I'd just feel better with a bid/ask so we would know (ball park) where it starts trading.

[today32]

Wow, so you got your shares already? That was FAST.

[ottoman]

my lowtrades account charged me a $6.36 fee for the reverse split. I called them, and they said that it's not a lowtrades fee (like a reorg fee some brokers charge), but the TA charged them with this fee.

first time I've seen or have been told that. Perhaps a TA will charge a brokerage account with a fee, and most brokers just absorb this fee? Maybe that's why some brokers have a reorg fee to offset any fees the TA may charge. Maybe Lowtrades passes it along now, don't know, but they've never charged me a fee before, for previous reverse splits.

I would'nt mind so much if there was a darn bid/ask on this pos. (correction: 10 cent bid LMAO!)

bastages. I want my $6.36 back! lol.

[ottoman]

yawn, wake me when we have a bid/ask on this pos.

[today32]

back on the daily list... Still no mention of the roundup, but I called the TA and she stated that it is absolutely still in effect. Found out that BONP is DTC elgible, but DTC placed a chill on it because of the pending corporate action (apex's non-dtc eligible list includes chilled stocks). TA said that once the reverse split is completed, the chill should be removed.

crazy, but everything looks good.

[ottoman]

wow. we'll just have to see what happens.

I would think they would still have to abide by what is stated in the sec filings. Or they would have to put out an amendment filing.

but who the heck knows anymore

[today32]

Poof! It's gone from the daily list again! ha, this is hilarious.

[ottoman]

no mention of fractional-share round up on this dividend list. ouch.

[ottoman]

yes, last week apex (penson) was fine with it, but today I found out they don't like it. apex sucks.

[today32]

Just curious, when did you find out that it was non-dtc eligible? It was DTC eligible when i called last thursday, so i bought some. Wondering now if they are going to hit me with the fee.

[ottoman]

lol, so much for bonp, ask now $3000+ a share

[ottoman]

BONP r/s on dailylist today, however, Apex (formally Penson)-cleared brokers are now listing it as non-DTCC eligible.

[smalltimetrader]

09:03 8/2/2012 BONP Bonamour Pacific, Inc. Common Stock BONPD Bonamour Pacific, Inc. (NEW) Common Stock 1-1,00 R/S **

[today32]

Everything is still the same according to the TA, there was just a mix-up in the paperwork about the effective date, so it's going to be next Thursday, not today.

[ottoman]

Did the TA state that BONP is still doing the reverse split with the round-up provision? or just a 1-1000 reverse split now?

I find it hard to believe a company can get away with stating in an SEC filing that they are going to do something....causing an investor to either buy or sell their stock....then totally disregard their statements 2 hours before the ex-date.

SEC/finra turning a blind eye

[today32]

Reverse split hit the daily list today, but was later rescinded and removed from the list... Are they still going to do the reverse split?

Edit: Nevermind, transfer agent just told me that the split will happen August 2nd.

[Penny Machine]

Ask at $1000 Dollars, Nice

[markflfl]

OK, Thnx!

[Penny Machine]

Buys have been @$2.15 and Ask Continues to Move Up

[markflfl]

Bidding @ .16 or up???

[Penny Machine]

Ask Back @ $1000!!!

[Penny Machine]

Price keeps going up, About to hit $21.40!!!

[Penny Machine]

BONP Ask $101 Dollars Now!!!!

[Penny Machine]

Strong Volume Coming In!!!!! $11 on Ask!!!

[Penny Machine]

Bonamour Pacific Inc. Company Information
2591 Dallas Parkway Suite 102 Frisco TX 75034
Phone: [phone]
Fax: [phone]

Bonamour Pacific Inc, formerly Millennia, Inc., is a diversified management company. The Company, through its affiliates and subsidiaries is engaged in various businesses. The Company's primary business has been to acquire and operate business operations through affiliates and subsidiaries and to provide management expertise to the affiliates and subsidiaries. The Company's wholly owned subsidiaries are Thoroughbreds, Inc. (Thoroughbreds) and United League Baseball, Inc. (ULB). ULB organizes and operates a league of independent professional minor league baseball teams, together with other related baseball and entertainment operations.

[Penny Machine]

We need a couple Ask Smacks to get this Baby Moving!!!!

[Caerus]

bids tightenting up!

[Penny Machine]

Somebody picked up some cheapies at $1, Once volume comes in, this PPS is going to make Huge Gains

[bkbirge]

No volume and no board followers. Needs news to catch some eyes and tighten up the bid/ask range. Right now the spread is so large with so little activity it's impossible to put a guess on market sentiment IMO.