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This board did not age well. I hear crickets and see spider webs.
What about HKFI?
http://www.sec.gov/Archives/edgar/data/812906/000143774914010947/hkfi20140609_prer14a.htm
stockholders who hold fewer than 1,000 pre-Reverse Stock Split shares, we will make the cash payment of $1.20 per pre-Reverse Stock Split share to such stockholders, without interest.
Stock is trading at .95, so we could make $250 off of this. Can we buy on multiple accounts?
Is anyone still following this board? I keep looking for R/S round ups but haven't seen one in a long while.
Similar to "worthless securities" is "Penny for the Lot"; might ask if you qualify.
Well guess what? I cleared out many and I had to pay $7.00 each! F*****G BS!
Anyway.... I am still left with positions that CANNOT be removed! Because they have a GLOBAL LOCK on them!
Here are some below:
USXP
BHUB
BIOG
SMMW
Yeah, I had *somewhere* on my old rules & regs board, but I don't pay anymore so can't search. Anyway, here's the link to my old board:
http://investorshub.advfn.com/Rules-and-Regs-11942/
Thanks! I will have to stop by Potty Scotty and get these putrid time bombs removed.
We missed one...LTVL
In PRE-14C filed on June 6th and the DEF-14C filed on June 16th:
The Board of Directors has recommended the outstanding shares of common stock be reversed or consolidated on a one (1) new share of common stock for every one hundred (100) existing shares of common stock outstanding. Accordingly, following the effectiveness of the reverse split, shareholders will have one (1) share of common stock for every one hundred (100) shares currently held. The shares will be reduced proportionately so the percentage of ownership will not change. All fractional shares will be rounded to up to the nearest whole share. All shareholders who currently own more than 100 shares will not be reduced below 100 shares.
So 101 shares pre-split would have gotten you 100 shares post split. Seeing where the stock is now, it would only have been beneficial to those buying in multiple brokerages.
at apex cleared brokers there´s a form called `worthless securities` to get rid of these. at no cost. other brokers have similar procedures.
Been away for a long time.... Anyway, how do we clear up our accounts of all these dead stocks? I don't feel like paying another $20 reorg fee that comes from nowhere. I have a list of OTC penny stock carcases in my account that any one could cost me $ at any time. Don't need the headaches.
Rules & Regs Info: Nathan Drage
Remember when he tried to attach a record date (earlier than the split effective date) to qualify for the roundup shares? After he wasn't able to do it that way, he just decided to offer it to record holders only and that's how he got out of it.
Does anyone have a link to the rules/regs that prevent a company from specifying a record date (instead of the split effective date) to qualify for a special provision related to a split?
another one added to the heaping pos pile
CAGTF, reg revoked
08:59 CAGTF China Agro-Technology Holdings, Ltd. (Ordinary Shares) Belize 4/9/2012 100 Registration Revoked by SEC
but then it had this
Notes
CAGTF was removed following a 12j revocation order from the SEC
CBBDD completed a R/S to be uplisted to NASDAQ
I have been in TEVE for a year. It's a real company with a billionaire Chairman of the Board (Gerry Lenfest - Google him he is a Director of ETCC too). Company has been around a decade and is not disappearing. They announced a 1 for 200 reverse split here:
http://ih.advfn.com/p.php?pid=nmona&article=50801404
Still figuring out what all this means other than the shorts will have to be settled and it will allow institutional buyers to buy in.
Currently float is between 8 and 10 million. Lenfest owns 37M shares of 48M Outstanding and a few company insiders own a couple million. It was already a low float.
Shares are at 19 cents. Stock has been as high as 35-49 cents within the last year.
Just found this board and reading up on this subject.
I have given a membermark to each of the Mods and assistant mods.
My brokers didn't know what to do with CAGTF so they sent me certs ... more wallpaper.
Thanks for posting what happened today32. I just saw your message and I canceled my GTC sell order. Sorry to hear about the fees but at least it was not more expensive.
SOAB, that took a while, sorry, canceling my sells. thx
no they just didnt ever round me up.
You asked them to remove the shares I assume?
they just removed it from my account.
liquidated? Do you mean you sold it or you just had them remove it from your account?
At this point Penson has been the only broker/clearing firm to charge fees for selling CAGTF. Did Scottrade tell you there would be fees for selling it?
wow... glad scottrade just liquidated it for me
Penson Got Me, Don't sell CAGTF....
I got hit with the following fees on 11/14, over two months after the trade.
DTC FEE #N0562 P25552202 CAGTF -80.00
DTC PROC FEE #N0562 P25552202 CAGTF -75.00
NYW FEE #N0562 P25552202 CAGTF -34.00
TA FEE #N0562 P25552202 CAGTF -40.00
Total of $229
CAGTF - Penson Fees
I think I've avoided them, nothing has shown up at this point.
Did anybody receive any fees for selling CAGTF through other brokerages?
I've counted 338 payouts since the announcement, and at $110 per account that's over $37k. If they were only expecting to pay $6k for fractionals, this one could have a very good chance at getting abandoned at the special meeting.
We have the financial resources to complete the Reverse/Forward Stock Split, the costs of which we currently anticipate to be approximately $71,000. However, if on the date immediately preceding the Effective Date, we determine that the cash required to pay for the Reverse/Forward Stock Split materially exceeds $71,000, the Board reserves the right not to effect the Reverse/Forward Stock Split.
and only 6K from that for the fractional shares...
risk-reward-ratio not looking too good
Avoiding a $200-$700 unexpected fee is something to be happy about at any price, lol.
I agree that it's curious that we're not trading higher. Share count is 160k + roundups, so I would have expected trading in the $2-$4 range.
I always try to recoup my buy-in asap (hence the sell at .55), and then hold my additional lots for an appropriate price.
I'd be excited too if it was just selling at a level worth selling at.
CAGTF - Penson has not charged me anything yet, but I'm giving it another week before I let myself get too excited...
SEC Announces Roundtable on Microcap Securities
Some of you may be interested in listening to this webcast live on the SEC website on October 17 if you don't know about it already:
http://www.sec.gov/news/press/2011/2011-186.htm
"SEC Announces Roundtable on Microcap Securities"
FOR IMMEDIATE RELEASE
2011-186
Washington, D.C., Sept. 19, 2011 — The Securities and Exchange Commission today announced that it will host a public roundtable next month to discuss the unique regulatory issues surrounding the execution, clearance, and settlement of microcap securities.
The roundtable is being sponsored by the SEC’s Microcap Fraud Working Group, a joint initiative of the Division of Enforcement and Office of Compliance Inspections and Examinations. The Working Group is the Commission’s primary resource for issues relating to market participants and trading practices concerning securities primarily quoted on the OTC Bulletin Board (OTCBB) or OTC Quote (previously Pink Sheets).
The event will take place on October 17 from 1 p.m. to 5 p.m. at the SEC’s Washington D.C. headquarters. It will feature in-depth discussions of key regulatory issues including Anti-Money Laundering monitoring, compliance challenges, and potential changes to the regulatory framework. Panelists will include representatives from The Deposit Trust Company, broker-dealers, the Financial Industry Regulatory Authority and others.
The roundtable is part of an ongoing SEC effort to focus on the particular challenges facing issuers and regulated entities within the changing business and regulatory climates. The purpose of the roundtable is to enable Commission staff to gather ideas and request input for regulatory measures surrounding the execution, clearance and settlement of low-priced securities.
The event is open to the public with seating available on a first-come, first-served basis. The roundtable also will be webcast live on the SEC website and archived for later viewing. For more information about the roundtable, contact the Division of Enforcement at 202-551-6607.
# # #
http://www.sec.gov/news/press/2011/2011-186.htm
So, in other words, it's the same old chit--the big boys hate the Joe retail traders cuz we mess up the algorithm.
i didn't ask that. Actually I called, and was told on the phone the fee would be $75 if I sold it, but then I tried selling online and the message that popped up said a $50 fee would be added.
I guess I'll just wait for a while, and see where the stock price goes.
That stinks... Did they say that fee would go away if CAGTF got DTC eligible again?
My Vanguard account told me it would be a $50 fee for selling it. :(
Any CAGTF sellers get charged fees yet from their brokers?
No fees yet from Penson. I settled on Wednesday 9/14, so I won't feel like I'm in the clear until October rolls around. <fingers crossed>
how about it 32 did you get charged?
Anyone received any fees associated with selling CAGTF? My settlement day is tomorrow, no fees from Penson as of yet.
#: B1270-11
Date: September 9, 2011
To: All Participants, Depository Facilities and Pledgee Banks
Category: Operations
From: Operations Regulatory Compliance
Attention: Managing Partners, Officers and Cashiers
Subject: Special Alert Regarding National Stock Transfer
This notice is to inform participants that DTC has coded all securities serviced by National Stock
Transfer as non-transferable. In addition, the issues have been chilled for all physical services
(Deposits, WTs and CODs). The chills are effective September 8, 2011 and the impacted CUSIPs are
listed below.
CUSIP SECURITY NAME
000803106 AC/DC COMM INC
00758W103 ADVANCED LUMITEC
007623101 ADVANCED POWERLINE TECH
00826G106 AFFORDABLE HOMES
02145E200 ALTERNATIVE ENERGY
02363M207 AMERICA ASIA ENERGY
02971E209 AMERICAN SPORTS HISTORY
02971E910 WT0297AMRNSPRTSH
030574206 AMERICANA PUBLISH
001775105 AMR GOLD RESOURCES INC
032353104 AMTEX MACHINERY INC
03839D201 AQUAPLAN, INC
04276W207 ARROW MANAGEMENT
05442Q107 AVONDALE RESOURCES CP
05603X107 B-TELLER INC
076110105 BEDFORD ENERGY,INC
08265R103 BENTLEY SPORTS INC
084630300 BERKSHIRE COLLECTION
089751101 BIG BREW HOLDING
09057M104 BIO-ETHICS INC
093704203 BLOODHOUND SEARCH TECH
10921P109 BRIGHTEC INCORPORATED
133905109 CAMOMILE CORP
14761Y105 CASINO TECHNOLOGY
149500100 CAVALCADE OF SPORTS NETWORK
169907102 CHOICE SPORTS NETWORK
18063R106 CLARITY RESOURCES INC
190744201 COATTEC INDUSTRIES
20461U103 COMPOSITE HOLDGS
66199D996 CONTRA NORAM GAM
218676104 CORE INTEGRATION
222479107 COUNTY LINE ENERGY CP
23247R204 CYBERKEY CORP
23247S103 CYBERKEY SOLUTION
23768P108 DATA FINANCIAL CORPORATION
247347107 DELSECUR CORPORATED
25389C101 DIGITAL REACH CO
255990970 DIVINE INC
25658N101 DOGMATIC INC
25685Q101 DOLPHIN ENTERTAINMENT
27874Q108 ECHELON INC NV
27922K202 ECOTIMBER INTL
26854B107 E-INTERNATIONAL
29078T102 EMAX HOLDING CORP
29078T995 EMAX HOLDINGS CP
26875D108 E-MED FUTURE INC
294907100 ENVIROMENTAL DEV
29407C101 ENVIRONMENTAL CA
29407B103 ENVIRONMENTAL EARTH
297646101 ETHICAL CORP.
29765P108 ETHOS CAPITAL
29880U107 EUROWORK GLOBAL
302060207 EXIM INTERNET GROUP INC
30232J105 EYES HOLDINGS CORPORATION
30734M101 FAR VISTA INTERACTIVE CORP
34633Q106 FORM 59, INC.
37945P104 GLOBAL TRADE PORTAL
38100T105 GOLDEN ENERGY CORP
39530P309 GREENLAND CORPORATION
40051G108 GTRADE NETWORK
42215Q105 HEALING HAND NET
428048102 HERZOG INTL HOLDINGS
476867106 JESMOND BIOCIDES INC
49381A103 KIDS STUFF EUROPE
50101U205 KRIFTER HOLDINGS INC
515865103 LANGUAGE 2 LANGUAGE
501795306 LBU INC CLASS A
52464H201 LEGAL ACCESSTECH
53222L203 LIGHT ENERGY MNGMT
55276P105 M45 MINING RESOURCES
561136201 MALERS INC
570397109 MARK ONE GLOBAL INDUSTRIES
57456N108 MASADI RESOURCES
594834202 MICRO ECONOMICS
602661100 MINDENAO GOLD MINING
60671V202 MITOPHARM CORPORATION
607053105 MOBICLEAR TECHNOLOGIES
60740Y104 MOBILE SELF STORAGE INC
612184101 MONTAVO INC
62856K100 MYNEWPEDIA CORP
635990971 NATIONAL COMMUNICATION
637882101 NATIONAL STORM MGMT
637882200 NATIONAL STORM MGMT B
63867Q102 NATIONWIDE SAFE T PROPANE
637822990 NATL STORM B RSTD
644276206 NEW ENVIRONMENTAL SOLUTION
65338M107 NEXIS INERNATIONAL
65541C102 NORAM GAMING & ENTERTAINMENT
658657101 NORTH COAST PART
670991637 NUTRI SOURCE IND
68243G108 123 INTERATIONAL
698021102 PAN AMER SECURITIES
70499K916 PARTISAN CORPORATION
70335M209 PATRIOT ENERGY
70336A105 PATRIOT ENERGY CORPORATION
70976W102 PEOPLE DYNAMICS HOLDINGS
714004108 PERIPHERIAL CONN
72346H104 PINNACLE FINL CORP
74138A107 PRETORY USA INC
74290B109 PRINCIPAL CAPITAL
743167918 PROFIT FINL CORP
747933109 QUANTITATIVE MET
747933208 QUANTITATIVE MET
74912T108 R&A CAPITAL CORPORATION
785158106 SABER CAPITAL
78641T206 SAFE IDEA, INC
81202B200 SEAIR GROUP INC.
830703104 SKINVISIBLE INC
85231M103 ST. JOSEPH INC
854990819 STAR DOLPHIN INC
865998454 UNITED E&P, INC.(RSTD)
866174105 SUMMIT NATIONAL
875054108 TAMARIND INC.
87663T101 TATONKA OIL & GAS INC
87816B205 TEAM LABS SYSTEM
880872106 TERMINUS ENERGY, INC.
89151X107 TOTAL MEDICAL ELECTIVE
891549206 TOUCHTUNES MUSIC
89271V106 TRAFALGAR RESOURCES INCORP
893781104 TRANSNATIONAL RESOURCE
89578R105 TRIAD COMPRESSOR
89579B208 TRIAD INNOVATIONS INC
904346103 UNDERSEA RECOVERY CORP
904670106 UNIDYN CORPORATION
91020R105 UNITED E&P INC
910990688 UNITED E&P, INC.(RSTD)
913854204 UNIVERSAL SYSTEMS INC
903326205 US BIOTECH, INC
920990967 VANADIUM INC
92824K403 VIRTUAL GAMING ENTERPRISES
92845F102 VISUAL INDUSTRIES INC
92999AAA5 VUDATACORPCONVS
93369T106 WANDERPORT CORPORATION
968990937 WILDCAT ENTERPRISE INC
98147Q100 WORLD HOMES INC
Questions regarding DTC’s Important Notice should be directed to the Operations Regulatory
Compliance Hotline at (212) 855-1780.
The following is a link to an SEC release:
http://www.sec.gov/litigation/litreleases/2011/lr22083.htm
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/1270-11.pdf
Special Alert Regarding National Stock Transfer...
http://dtcc.com/legal/imp_notices/
Check out the 1270-11 .pdf dated September 09, 2011:
"Special Alert Regarding National Stock Transfer..."
"This notice is to inform participants that DTC has coded all securities serviced by National Stock Transfer as non transferable. In addition, the issues have been chilled for all physical services(Deposits, WTs and CODs). The chills are effective September 8, 2011 and the impacted CUSIPs are
listed below."
I was on the ask on the 8th and 9th on one of the stocks in this list and had no idea about a chill on the security. It gets harder and harder to stay out of trouble lately with penny stock sales.
Thanks ISLD, that helps put my mind at ease, knowing that if there is a charge it would be very nominal.
Scary situation though, will be avoiding these fees at all costs in the future. Thanks for bringing it to my attention, you probably saved me from a huge headache down the line =)
Hi today32,
I agree that my answer to you was not very helpful. Since I have not personally experienced falling victim to Penson's low price security policy I do not have a personal experience as an example. I was called by Track Data the morning of August 15 and was warned that I would be very affected so I canceled all orders and stopped all trading through Penson. I did send off 10 specific questions to Penson via Track Data in mid-august and those answers I received combined with reading the policy is all I have to go on. What I really do not like about the policy is even if you personally make sure that your volume does not exceed the 25% threshold you can still be dragged down and included in the charges by other Penson customers who do exceed the 25%. Also, there is no limit on these fees to protect the customer. On many trades that I did I was well over the 25% threshold, sometimes even 100% on super low volume stocks.
I do not think with only 100 shares that the charge you will face if any will be meaningful, perhaps nothing when you plug your trade into the formula.
((100 x .55)- 55) x (3/365) x 10%
Here is a sub penny example with explainations that I received from Penson if it is helpful for you as an example for the future on other trades:
*NSCC will not provide the actual computation to the trigger the charge (it’s proprietary). However, we do know it’s when the FIRM (Penson) exceeds 25% of the avg 30 day volume in an equity security during a settlement cycle.
*The above firm level computation makes it difficult to manage proactively over a broad customer base of accounts.
Example: symbol PnkJNK averages 400000 a day at .0002
Day 1 Correspondent A has customers sell 30000, 20000 and 50000. $20 customer credit for the sales earned,
Day 2 Correspondent A has customers sell 30000, 20000 and 50000. $20 customer credit for the sales, but $1000 NSCC charge (lock up)
Day 3 Correspondent A has customers sell 30000, 20000 and 50000. $20 customer credit for the sales, but add more $1000 NSCC charge (lock up now 2000)
Correspondent B has a customer sell 100000 $20 customer credit, but add more $1000 NSCC charge (lock up now 3000)
Day 4 no sales and the day 1 sales are settled 300000 out (75%) $2000 NSCC
Day 5 no sales and the day 2 sales are settled 200000 out (50%) $1000 NSCC
Day 6 no sales and the day 3 sales are settled 100000 out (25%) 0 NSCC
Correspondent A has prudently keep his customers at 25% on day 1 (100k).
But because this is an unsettled computation, on day 2 he’s at 50% of the daily average and will have triggered the charge.
On day 3 correspondent A is at 75% and the charge increases. But because this is a firm level computation Correspondent B puts Penson at 100%
And so on and so on…
But what is the NSCC charge? In the above example it’s 1000-3000. This represents a daily firm capital lock-up and means we are financing that balance (not actually charging them the 1000-3000).
We will be passing through those charges at a cost of 10% to the customer to carry the financing. For sub-pennies the math is not pretty…
((Quantity x .01) – Trade value) x (number of days until settlement/365) x 10%
((100000 x .01)- 20) x (3/365) x 10%
980 x .0082192 x .1 = .81 cents or about 4% of the trade cost in this example.
Sec processing processes this fee. Previously it was 15%
Thanks, but unfortunately I don't understand it well enough to forecast what might happen in my case. I plugged my numbers into that formula, but got -0.044 as a result... not sure what to do with that.
5,602 shares have traded over the last 20 trading sessions, an average of 280. My 100 share trade is more than 25% of 280, so I may fall into this scenario. Am I looking at this correctly?
Hi today32,
NSCC assesses illiquid charges against pink sheet and bulletin board stocks irrespective of the price. The charge is a reflection of the outstanding sales in relation to 25% of the 20 day average daily volume. These charges can occur any time the unsettled sale/ delivery volume exceeds 25% of the 15 day ADV. Stocks priced below $0.01 are marked to 1¢.
((Quantity x .01) – Trade value) x (number of days until settlement/365) x 10%
((100000 x .01)- 20) x (3/365) x 10%
Hi Tex,
I looked it up on the daily list and INOV was the offending stock for me that I sold. As you can see it has the double NSCC Eligible Security asterisk but it was not DTC eligible. It was sure news to me when I got a phone call from New York that I had a problem.
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/26/2003&mkt_ctg=OTCBB
> I would be worried about their new low price security policy on top of the possiblity that CAGTF was not DTC eligible since the 20 day ADV for CAGTF is only about 400 shares.
I found the policy here, but I can't really decipher whether my CAGTF 100 share trade today is going to qualify for that... Any thoughts?
"An NSCC Illiquid Deposit Requirement is applied when a customer sells more than 25% of the average daily trading volume of a security during any three day settlement cycle. The amount of this Deposit Requirement depends on the percentage of the Average Daily Volume represented by the open sales. The Deposit Requirement has very little relation to the value of the trade, and is generally at least ten times the trade value and may be one hundred times the trade value, or even more. This Deposit Requirement is incurred even if the customer owns the shares and even when Penson has these shares long in its DTC account. The Deposit Requirement is imposed during the time period between trade and settlement date. "
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This Board is for posting Reverse Split/Round up Share plays...ALL R/S Round Up Share Plays. For instance, when a stock does a Reverse Split (R/S) and NO shareholder will be left with less than X amount of shares, that's what this board is going to post. I've never opened a board before, and just thought this was a good IHUB board to have. Maybe we can make some money in the future. *********************************************************************************************************** CURRENT R/S ROUND UP PLAYS: JDMO/JDMC.....JDMO did a 1:200,000 R/S on 7/13/07. On 9/17/07, JDMC did a 100:1 Forward Split. On 7/13/07 I bought 1 JDMO for .025 leaving me 1 share JDMC post R/S. After the F/S, I now have 100 shares of JDMC. On 10/12/07 the high of the day so far on JDMC is $7.00 per share. WEEEEEEEEEEEEEEEEEEEEEE Here's the JDMC PR that was released today, 10/12/07: Dalian RINO Environmental Engineering Science and Technology Co., Ltd. Completes Merger with Jade Mountain CorporationLast update: 10/12/2007 8:00:00 AMJade Mountain Corporation Completes $25 Million Private Placement DALIAN, China, Oct 12, 2007 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- On October 5, 2007, Jade Mountain Corporation (JDMC), a Nevada corporation (the "Company"), acquired all of the issued and outstanding capital stock (the "Innomind Shares") of Innomind Group Limited, a British Virgin Islands corporation ("Innomind") through a share exchange (the "Share Exchange"). Innomind, through its direct and indirect subsidiaries, including Dalian RINO Environmental Engineering Science and Technology Co., Ltd., a PRC company ("RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, exhaust emission desulphurization equipment, in addition to high temperature anti-oxidation systems, which are utilized principally by iron and steel manufacturers in the People's Republic of China ("PRC"). RINO's products are designed to reduce either industrial pollution and/or energy utilization. Simultaneously with the Share Exchange on October 5, 2007, the Company completed a private placement with institutional and accredited investors which resulted in gross proceeds to the Company of approximately $24.4 million through the issuance of approximately 5.46 million shares of common stock. As part of the private placement, management entered into a "make good agreement" and is required to place 5.58 million of their shares into an escrow to secure its obligations to meet specific net income targets. In the event the Company does not achieve $16 million in after tax net income ("ATNI") for 2007 and $28 million in ATNI for 2008, 1.674 million and 3.906 million shares respectively will be transferred on an all or none basis to the investors in the private placement on a pro-rata basis.[\b] China is the world's largest producer and consumer of steel products and its steel industry is comprised of approximately 1100 companies. For 2007, it has been estimated that the PRC will manufacture approximately 450 million tons of crude steel. RINO's proprietary and patented wastewater treatment equipment, called the "Lamella Inclined Tube Settler" wastewater disposal system, is a market leader in China's iron and steel industry. The Lamella Inclined Tube Settler system provides comprehensive treatment of wastewater resulting from the harsh manufacturing processes, and is a closed-loop system which significantly reduces the amount of water consumed during the manufacturing process. In addition, RINO introduced the Circulating Fluidized Bed Method Desulphurization System for eliminating sulphur dioxide emissions specifically in the sintering process of iron and steel operations. RINO's third product is an anti-oxidation system which significantly reduces the scrap produced in steel plate production. A proprietary coating is applied to hot flat rolled steel as part of the process will be sold to customers on an ongoing basis, creating a recurring revenue base. The Lamella system is patented, and patent applications are pending on the anti-oxidation system. Both the desulphurization and anti-oxidation products were developed as a result of RINO's cooperative efforts with the Chinese Academy of Science. "We are pleased to have completed this financing," stated Mr. Dejun Zou (David), CEO and Chairman of RINO. "The proceeds are expected to be utilized for working capital and to expand our production capacity to meet the growing market demand. This will include implementing new operating systems, equipment and technology to improve both our operating efficiency and profitability. In addition, we intend to expand and strengthen our distribution and sales network in China, while continuing to focus on new product development efforts." For the first six months of 2007, ended June 30, 2007, RINO recorded revenues of $28.7 million and net income of $7.3 million, compared to revenue of $4.1 million and net income $1.3 million in the respective year ago period. About RINO RINO is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, exhaust emission desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or energy utilization RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards. Cautionary Statement Regarding Forward Looking Information This press release may contain forward-looking information about the Company, Innomind and RINO. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Current Report on Form 8-K filed on October 12, 2007. The shares of common stock issued in connection with the transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or an applicable exemption from those registration requirements. The Company has agreed to file a registration statement covering the resale of the shares of common stock issued in the private placement and certain other shares, within 45 days of closing. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities referenced herein in any jurisdiction to any person. For more information, please contact: For the Company: Bruce Richardson Tel: +86-411-8766-1233 Email: bruce.richardson@rinogroup.com Investors: HC International, Inc. Tel: +1-858-704-5058 Email: info@hcinternational.netSOURCE Dalian RINO Environmental Engineering Science and Technology Co., Ltd. Copyright (C) 2007 PR Newswire. All rights reserved CONGRATS TO ALL JDMC PLAYERS! WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE *************************************************************************************** NTCC Ex Date: 8/20/2007 1-100 R/S Notes: New symbol: NTCI. Holders of 10,000 shs or less (pre-split) will be issued a minimum round lot of 100 shs (post-split) TQWI Ex Date: 1-1200 R/S Notes: N/C to Diversified Acquisitions, Inc. (DVFA). Holders of 120,000 shs or less (pre-split) will be issued a minimum round lot of 100 shs (post-split) ____________________________________________________________________________ ################################################################################################################################ WHEN TO BUY 100 SHARES OR 1 SHARE: Here's some examples of when you had to buy 100 shares to end up with 100 shares post R/S: MERH "There will be no change to the authorized shares of common stock of the Company and any fractional shares will be rounded up. No shareholder who currently has 100 or more shares will be reduced below 100 shares." ******************* MPNC/NWMO "N/C to New Motion, Inc. (NWMO). Special Treament of Shareholders; Further details available in SEC filing DEF 14C received on 4/2/2007." http://www.otcbb.com/asp/dividend.asp?sym_id=mpnc "stockholders holding less than 30,000 shares but at least 100 shares as of the Effective Time, and who continue to hold such shares as of the effective date of the Reverse Split ("Eligible Holders"), will receive 100 shares of common stock after the Reverse Split. The Reverse Split will not affect the common stock held by stockholders holding less than 100 shares as of the effective date of the Reverse Split. The result of this special treatment is that additional shares of common stock will be outstanding than if the Reverse Split identically affected all stockholders. No fractional shares will be issued for any fractional share interest created by the Reverse Split and held by a stockholder with more than 100 shares after the Reverse Split; those stockholders will receive a full share of common stock for any fractional share interests created by the Reverse Split." ***************** If you didn't buy 100 of those above, you didn't end up with 100 post R/S. **************************************************************************** The following are some examples of plays you could have just bought 1 share and ended up with 100 shares: DSKT/DSKA "No Shareholder to be reduced below 100 shares; New Symbol: DSKA" http://www.otcbb.com/asp/dividend.asp?sym_id=dskt NTCC/NTCI New symbol: NTCI. Holders of 10,000 shs or less (pre-split) will be issued a minimum round lot of 100 shs (post-split) UTNF United National Film Corporation Common Stock UNTF United National Film Corporation New Common Stock 1-2,000 R/S; No shareholder being reversed to less than 100 shares. ** ************ Pretty easy to look at the language to tell whether you need to buy more than 1 share to end up with 100 (or whatever the round-up number is) post split. ################################################################################################################################ ################################################################################################################################ SWNE did a 1:500 R/S, effective Monday, with NO Shareholder to be Reversed under 500 shares. If you bought 1 share today, you should own the same amount (500 shares) Post R/S as someone that owned 250,000 shares. [b]SWNE BECAME MCII MCII ROUND-UP SHARES HIT TDA USA ACCOUNTS ON 7/9/07. I've actually played a couple dozen of these, and they have ALL been money makers thus far. They are Nominal investment plays, so even if one goes bad, you can't lose more than a little beer money. Look forward to having a dozen or so of these plays a year. This is NOT a board that will get tremendous exposure during the year, but one to check for the plays in the afternoon after the OTCBB Daily List comes out to see if there are any plays that day. There will only be one chance to get in for most of them, unless the company posts in a DEF 14 that this is what they intend to do in the future, which will give us a heads up that it's coming. Anyway, I'll work on it in the coming days. GL TRADING! Remember, Trade'em, Don't Marry'em. JJ PS...MAY RENAME THIS BOARD TO R/S ROUNDUP PLAYS & CASH BUYOUTS! ************************************************************** HERE'S SOME EXAMPLES OF SOME PRIOR ROUND UP AND/OR POST R/S PLAYS THAT GIVE THE SHAREHOLDERS A CERTAIN AMOUNT OF SHARES AFTER THE R/S HAS OCCURRED: ____________________________________________________________________________ 14:03 12/28/2006 UTNF United National Film Corporation Common Stock UNTF United National Film Corporation New Common Stock 1-2,000 R/S; No shareholder being reversed to less than 100 shares. ** (I bought 1 share of UTNF in 3 separate accounts for .24 to .30 each share and Post-R/S I still ended up with 100 shares in each account of UNTF and sold for $1.50 per share. Less than $1.00 worth of shares sold for $450.00) UTNF had a DEF 14C which stated: "To reverse split the currently issued and outstanding common stock (the "Common Stock") of the Company on a 2000 shares for 1 share basis, with no stockholder being reversed to less than a round lot of 100 shares with fractional shares rounded up to the nearest whole share." ____________________________________________________________________________ 15:55 3/26/2007 DSKT Duska Therapeutics, Inc. Common Stock DSKA Duska Therapeutics, Inc. New Common Stock 1-20 R/S; No Shareholder to be reduced below 100 shares ** ____________________________________________________________________________ 13:58 5/3/2007 MPNC MPLC, Inc. Common Stock NWMO New Motion, Inc. Common Stock 1-300 R/S; Special Treament of Shareholders; Further details available in SEC filing DEF 14C received on 4/2/2007. ** SPECIAL TREATMENT OF STOCKHOLDERS HOLDING FEWER THAN 30,000 (BUT AT LEAST 100) COMMON SHARES AND FRACTIONAL SHARE TREATMENT The Company's board of directors approved special treatment of stockholders as of the Effective Time (as defined in the Certificate of Amendment to Amended and Restated Certificate of Incorporation attached hereto as Exhibit A) holding fewer than 30,000 shares of common stock to prevent those stockholders from holding less than 100 shares after the Reverse Split. The special treatment is being afforded to preserve round lot stockholders (i.e., holders owning at least 100 shares). Accordingly, stockholders holding less than 30,000 shares but at least 100 shares as of the Effective Time, and who continue to hold such shares as of the effective date of the Reverse Split ("Eligible Holders"), will receive 100 shares of common stock after the Reverse Split. The Reverse Split will not affect the common stock held by stockholders holding less than 100 shares as of the effective date of the Reverse Split. The result of this special treatment is that additional shares of common stock will be outstanding than if the Reverse Split identically affected all stockholders. No fractional shares will be issued for any fractional share interest created by the Reverse Split and held by a stockholder with more than 100 shares after the Reverse Split; those stockholders will receive a full share of common stock for any fractional share interests created by the Reverse Split. ____________________________________________________________________________ ******************************************************************
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