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SMPP - Lotto Play - Now able to trade
SMPP - Lotto Play
SMPP - Lotto
SMPP - Lotto play
SMPP - Ripe for the picking (lotto)
Same here. Just put in limit orders on TD Ameritrade. Looks like this can move again. Big "IF" though.
Hey bud. Hope you're well. Any new info by chance?
Dude, you need to chill. I have it in writing from TD Ameritrade and I quoted it to share. You might have noticed my sarcastic "news to me" at the bottom, or maybe you felt it necessary to call people out who are telling the truth? I have also talked to the office of the President at TD Ameritrade many times. Wow. Whether it's true or not I don't know. Last time I share, it's getting old fighting personalities rather than facts.
Interesting note from TD Ameritrade. I received a reply in the mail today from my complaint filed with FINRA from TD Ameritrade. Here is the interesting part:
"Please note that the global lock was removed from SMPP on April 5, 2011 and replaced by a new restriction specifying that this security now trades in physical certificates only. TD Ameritrade has allowed clients to sell any SMPP shares held in their accounts since that date, but new purchases continue to be prohibited"
News to me.
ok. Thanks and have a great weekend.
Hey lasernat. Any new info by chance? TIA.
Bummer. Thanks for checking though.
Nice find Robert. Looks like he is (was) a Director of SMPP on the "Board" and according to his LinkedIn profile (below) he is currently the President and owner of Vend Natural which is in the Food and Beverage industry.
LinkedIn: http://www.linkedin.com/pub/william-h-carpenter-jr/8/a57/797
Company website: http://www.vendnatural.com/
Judging by their website I think we would all extremely fortunate if Mr. Carpenter became CEO. What would be better is if Vend Natural moved into the SMPP shell as his business looks very interesting.
True, but those could be transferred to the new owner. Would be great if they retired the shares and dropped the AS....but probably unlikely since this is pinkyland.
Julienne Audette ruined this company in a bad way. My only hope is that the new management can turn around the stock and the DTC situation in quick fashion. My only concern is that Julienne used all the OS up (for what is anyone's guess). So either new management comes in with capital already which is unlikely, or the company won't need much more capital to get revenue to start coming in because of the video software. However, we have to be realists in that with a maxed OS either new management will split this and start clean or raise the AS for more shares. Not saying either is going to happen but Julienne left a mess to clean up and no money to do it with.
Without a doubt! I'd love to see some REAL management step in here and take the product where it should have already gone and to have the know how to get this DTC issue worked out.
That would be a very, very welcome thing. Even if that's not true it gave me a small grain of hope. Thanks bud!
I guess her definition of a day or so I not the same as the rest of the world's.
From: Contact [mailto:contact@smpptech.com]
Sent: Tuesday, May 10, 2011 9:10 AM
To: RoberEliates
Subject: Re: Anything new?
Hi Robert,
I have been down with pneumonia. I am going to announce the outcome of our investigation into the DTCC issue in the next day or so. I am sorry for the delay.
Julienne
Yup, unfortunately us little guys don't have much of a voice in the stock world. But FINRA is one voice for us and I say we make it a very loud voice.
Her lack of action and communication is borderline criminal, IMO. Thanks for filing bud. Hope others help the cause. I've been patient with her but it's beyond gross at this point. I had pneumonia before and though I did it from home, I've worked full days with it and I never had other people's money on the line. Her excuses are garbage.
I just filed a complaint with FINRA against SMPP. I would suggest everyone do the same.
http://www.finra.org/Investors/ProtectYourself/p118628
You can do so anonymously, but we'll get much better results if you file with your info. FINRA acts only if they get enough complaints (so just me complaining won't do much). It doesn't cost anything and the most you'll get is an email back, but when FINRA acts they do a good job of it. The management of this company is a complete joke and I'm sick of being at their mercy.
I really hope she doesn't even think about putting out news until this chill is resolved. That would just be a huge waste of money for the PR.
Thanks Robert. Ok, finally I think we are getting somewhere. My guess is the DTC planned all of this with whomever killed the stock and this is what we are seeing today. They probably just got back to her so this could all play out and then we can move on. While this action on the bid eats it I do think it was a necessary evil. The corruption that these regulatory bodies get away with is mind blowing.
Thanks Robert. I appreciate all you do.
She still has yet to state what the problem is though. She keeps dancing around it. Even though the DTCC will not call her back, we do know that's she's had past conversations with them and at one point they had to have shared the reason for the chill. She knows but refuses to share. If she would just say "The DTCC chilled the stock because of XXXXX" then we could be informed enough to make educated assumptions. Maybe it will be in the release today. She needs to either give us an answer or state she never got one from the DTCC. To me looking from the outside in I think she's hiding something.
But again, thanks for everything. It certainly isn't your fault any of us are in this mess. Trust me, I've been the messenger many times and shot at many times because of it.
Agreed. My guess is the chill is helping to weed out where share are actually supposed to be going...ie, those with certs behind them.
I guess no change then. Darn.
If anyone speaks with the TA the CUSIP would be a great thing to ask about. CUSIP change smokes out ALL naked shorts if they exist.
If FINRA did indeed force a CUSIP change it could be very good news. When a CUSIP changes it forces all shares on the old CUSIP to be "turned in" so to speak. Those holding air shares have nothing to turn in and could therefore be the issue here. Again, just speculating but if all brokers are showing 993 and not 100 we could be getting close. Fingers crossed!
What's odd is the stock symbol you referred to is a CUSIP I'm assuming. But if we look at the DTCC chill we can see that while almost identical the CUSIP for SMPP is 86273M100 and not 8627M993. Hmmmmmm, I wonder if FINRA forced a CUSIP change. Just speculation of course, it could just be a mistake.
http://www.dtcc.com/downloads/legal/imp_notices/2011/dtc/ope/B0119-11.pdf
That is good info. Many thanks for sharing. It would seem to me that work is being done to sort this out, even if the company remains silent.
I'm with ya bud with trying to stay positive. I hopped from one POS with a lying CEO into this mess so I got the double whammy. Honestly, each day the CEO remains silent only compounds the issue. Regardless of where the problem is it's her job to communicate to us what's going on. The way I see it is she is way over her head being behind a public company (even though it's only a pinksheet) or she is guilty of something herself. I hope it's the former.
I've sent numerous emails to ALL the email addresses and called many, many times. I can't get a hold of anyone over there at SMPP, Fire. Sad to say, but it's not looking good at the moment.
Oh look, ETMM is back on the ask. They must be "selling for another broker again". UBSS is on the ask too. Thought they were chilled as of yesterday?
Possibly, but I'd think that would be taken up in a court of law as a civil suit. JMHO.
I agree. It seems like she is dangling a carrot and remaining quiet while she works with the DTCC to clear this up if possible. I'm wondering if the deal with ENTI was a cash and stock deal and some of Julienne's shares are not in the proper hands. If she did purchase it from ENTI, which according to stockupgirl's DD seems fairly evident, then I doubt Julienne had 1.75 MM in cash laying around. If that was the case, and again this is just me speculating, then a stock deal seems more likely. The company has no preferred so if it was stock it was restricted common, half of that belongs to Julienne. However, it seems odd that the DTCC would take a part in this if that was the case. Normally this would be taken up in court or with FINRA or the SEC, as the DTCC only controls the clearing and deposits of shares and not the legality behind them. And to further complicate things the DTCC states the lock has to do with the 2008 SEC complaint that Robert proved was already closed. It's just a big mess.
Wouldn't it be awesome if Julienne actually said something and cleared all this up? I don't understand her one bit.
That is curious indeed, especially being a day apart.
Did they purchase it from ENTI?
My take is that Julienne started "Art and Sol" and then SMPP acquired it(her business) and their VSP platform came with it. Easy way to move an asset into a shell.
From her LinkedIn profile:
After NWPR I went back to Art and Sol to create this VSP platform, which would streamline not just the video production process but the entire sales cycle for online video.
http://www.linkedin.com/in/juliennea
PR: http://ih.advfn.com/p.php?pid=nmona&article=43597795
Unless Art and Sol was the private business that ENTI sold it to and then SMPP "acquired" Art and Sol.