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OK-back to the 64,000 dollar question!??? When a NOBO list is generated for SSSU by ADP Automatic Data Processing Inc. located at 51 Mercedes Way, Edgewood, NY 11717.....whose names are on that list?
The NOBO list, by definition, stands for Non Objecting Beneficial Owners.
As a Beneficial Owner our name should appear on the list of Non Objecting Beneficial Owners-if we gave permission to our Broker when we opened our account to use our name in company correspondence with companies and other entities who might need to know of/about us.
Frank...Would your Broker be then ordering out a Certificate for you and holding on to the Cert rather than mailing it to you, therby keeping the shares visible for you for electronic trading?
Would that be $ 50 to order out a Cert- that is about par for the course! And no I haven't received a lot of answers.
Well then, someone should sell him some Naked short shares to really confound his problem!
sandbath...could you rephrase that? If you dont borrow any money from the Broker(or are not in a borrowed situation-like bought 100,000 shs of MSFT on Margin) (on a margin account)-if you haven't done that or are not in that situation, then the Broker cannot loan any shares that you own out?
If that is what you are saying, I think that is incorrect. If you have a margin account and have any shares in there, they can borrow them, without saying 'bo' to you!
If you have a cash account, they are not supposed to borrow them! But how would you ever know?
From todays PR:http://biz.yahoo.com/bw/061011/20061011005548.html?.v=1
"To assist SSSU in protecting your investment in our company, shareholders are requested to notify their brokers to list their shares of SSSU in their personal name and not in "Street Name". If your shares are listed in "Street Name" your name will not appear on the NOBO list and will not be included in the Shareholders Integrity Plan."
and
"Contact your broker and demand that your shares not be placed in the stock loan program."
2nd Paragraph first..... If you have a margin account, all of the shares you have purchased can be used at any time in the stock borrow program! If you dont want your shares used in a stock borrow program, you must change to a cash account!
Someone please correct me if I am wrong!
First paragraph...."All legal owners hold their stock in Certificate form and all Beneficial Owners hold their stock in Street Name in a Brokerage account." The Legal Owner of all Street Name shares is "Cede and Company."
When you opened your account, you had to check a box giving the Broker permission to tell others about the shares you hold in your account. If you gave permission, you were added to the NOBO list!
With that being said, these statements makes absolutely NO sense: "If your shares are listed in "Street Name" your name will not appear on the NOBO list..."
and neither does this,
"to notify their brokers to list their shares of SSSU in their personal name and not in "Street Name".
I cannot be on (and remain on) the NOBO (or OBO)List and order out my Stock Certificate!
If we have checked the box on our account application stating its ok to give our name out, we shouldnt have to order out a certificate!
And if we order out a Certificate, then we sure dont have to worry about anyone borrowing our stock for short selling!
Am I missing something here? I think I understand what the company SSSU is trying to do, but the nature of a margin brokerage account is they (the Broker) can borrow your shares whenever they want to.
I am a long late comer to SSSU and would love for the company and share price to be a smashing success! Go SSSU!! The above is my opinion but I believe that the whole Brokerage NASD system is set up the way I have described.
Earthenperson
You shouldn't have to order out a cert to receive any divy coming from a public traded company. NASD, DTCC and SEC has set this thing up so that on publically traded companyies, street name receives the same as Certificated/legal owner. As a street namer- you are a beneficial owner- I belive the Legal Owner- CEDE and Company will pass on to you anything the company gives to CEDE and Co. JMO
Earthenperson
The Market Maker VFIN has been doing his best to drive the price of this stock down for a month + now- and he has!
Until VFIN is gone from L2, I dont hold out much hope for PAIM! I used to have a very large position, but I couldn't let VFIN kill me on this! Its been 8 or 10 days atleast since this has been brought to Gary's attention, and nothing to give us a helping hand.
I still believe in PAIM but money is money and the market is the market.
I also believe they are going to do what they said they are going to do.
Need answers on VFIN and need VFIN GONE! Then PAIM will rocket!
My opinion for sure,
Earthenperson
Also th %R has a way to go on the upside before this is close to through! And OH mY***** If there is NO pull back Monday morning-look out above!!!****
Zoro..Office location...Thanks-the mystery deepens!
We have Regus claiming (per their web Site)to occupy the address that American Way Business is claiming to occupy (per Pink sheets.com)
Regus info from their Web page:
http://offices.regus.com/locations/US/FL/BocaRaton/FloridaBocaRatonMiznerParkCenter.htm
Contact Us Florida, Boca Raton Mizner Park Center Photo gallery
1 2 3 4 5
Virtual tour
Building floor plan
433 Plaza Real
Suite 275
Boca Raton, Florida 33432
United States
Main tel: +1 561-962-4100
Main fax: +1 561-962-4101
American Way Business Development Corp from Pink Sheets.com Web Page:
http://www.pinksheets.com/quote/company_profile.jsp?symbol=AWYB
Address:
433 Plaza Real
Suite 275
Boca Raton, FL 33432-3999
USA
Phone: 561-962-4124
Looking at the last 4 digits in the phone number tells me they probably are in that Suite 275 and perhaps subleasing some office space and aleast 1 phone line!
An exploration of Regus Web Page will reveal they specialize in Virtual Offices!
With a virtual office from Regus, your business will benefit from the presence of a high-profile office at a fraction of the cost of a traditional office. Our global network of virtual office space offers everything from personalized telephone answering to private office time in a fully furnished, professionally staffed environment. Find and secure the virtual office solution that's right for your business.
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Virtual Office
Enjoy all the benefits of having a fully functioning office without moving from your present location, including priority access to our offices and meeting rooms worldwide when you're on the road. Regus offers the following virtual office solutions to fit your needs:
Mystery Solved!! Anyone have a problem with a Virtual office? I don't! And the CEO does answer his email!
Company location issue needs to be solved!!! From Pink Sheets Company Information Tab I find the following:
Address:
433 Plaza Real
Suite 275
Boca Raton, FL 33432-3999
USA
http://www.pinksheets.com/quote/company_profile.jsp?symbol=AWYB
and...tafsnd says, "Are you sure that AWBY has their office in the Plaza Real Ste: 275? That office does not have AWYB name. The name on the door was Regus. I need to figure out how to upload the pictures of the office that I took.
Maybe our CEO can explain this? If anyone else has a good answer before Sunday evening, please reply to this message! Otherwise I'll email the company!
BTW of the Divys to be paid out later this month-company web page says record date was back in early summer 2006, so us newbee's aren't going to be receiving any divy at the end of October, as far as I can tell!
I did email the CEO- no answer yet! I sent the email about 10pm pdt!
To repeat from:
http://www.otcbb.com/dailylist/txthistory/di10052006.txt
Daily List Date|Market Category|Issue Symbol|Company Name|Declaration Date|Amount|X-Date|Record Date|Payment Date|NOTES for Each Dividend
10/05/2006 12:46:32 PM|NBB|AWYB|American Way Business Development Corporation New Common Stock||+stk||06/15/2006|10/31/2006|+One restricted share of Eli Enterprises Inc for every 10,000 shares held. Will not be quoted Ex. Shares will be held in Book Entry form. Shareholders will receive a minimum of 1,000 shs.
10/05/2006 12:46:32 PM|NBB|AWYB|American Way Business Development Corporation New Common Stock||+stk||07/15/2006|10/31/2006|+One restricted share of Rejuvenations by Robert Palumbo Inc for every 10,000 shares held. Will not be quoted Ex. Shares will be held in Book Entry form. Shareholders will receive a minimum of 1,000 shs.
There should be a PR in the am to explain a few things.
1. Do all shareholders get 1000 shares minimum of both companies regardless of how many shares of AWYB we own? So if I own 1 share of AWYB or 10,000 of AWYB, do I still get 1000 of each RESTRICTED Stock Divy.
2.. How long is the RESTRICTION? 1 year or 2 years? More??
3 On what exact date do I need to own AWYB in order to receive the Dividend of Elo Enterprises?
4. On what exact date do I need to own AWYB in order to receive the Dividend of Rejuvenations?
Questions 3 and 4 are best answered by your individueal Broker! (I took IVOICES word as stated in their PR a year ago on the Record Date and Ex date for 4 Divys and ended up selling a few days too soon! And missed all 4!) (What the company PR's and what DTCC and your Broker pay are 2 different things in many many cases)!!!
There should be some kind of PR tomorrow explaining this a little better- I hope-be back around 9 pm PDT!
If you look up at the header..all the way to the right just in front of notes is pay date...so the date just in fron tof the notes is when you receive divy's! Darn, I dont have enough- I am slightly under 10,000 shares! So I will add to the buying pressure tomorrow! BTW Put a feather in my cap for bringing these Divys to this board!
One more..10/05/2006 12:46:32 PM|NBB|AWYB|American Way Business Development Corporation New Common Stock||+stk||07/15/2006|10/31/2006|+One restricted share of Rejuvenations by Robert Palumbo Inc for every 10,000 shares held. Will not be quoted Ex. Shares will be held in Book Entry form. Shareholders will receive a minimum of 1,000 shs.
10/05/2006 12:46:32 PM|NBB|AWYB|American Way Business Development Corporation New Common Stock||+stk||06/15/2006|10/31/2006|+One restricted share of Eli Enterprises Inc for every 10,000 shares held. Will not be quoted Ex. Shares will be held in Book Entry form. Shareholders will receive a minimum of 1,000 shs.
OK- Here it is!!!http://www.otcbb.com/dailylist/txthistory/di10052006.txt
So is this going to be the slow crawl , like a space shuttle behing towed to the launch pad-or is this going to BLAST OFF!??
OK- the market is open! You can start trading now!!
Do we have a day for the Symbol Change yet?
Can anyone expand on this 3-2-1 theory?
karupt2000...3.2.1. tell me more! You have my attention!!!
Is there a website that will show cancelled/busted tradeds? One reason I am wondering about this is that if a MM sells to another during the day to mave the price, they could very easily cancel or bust that trade at the end of the day and we would be none the wiser!
Stock Lobster...are you seing any of those people hanging around here?
Robotrader..How about posting the chart so all of us can see what you are talking about?
PAIM is not on Izone's restricted list- as of a half hour ago!
Izone is a subsidiary of TDAMTD.
geoly...did you ever get filled on your purchase request? Either yesterday or today? Izone of AMTD says no buying restrictions with them on PAIM or AWYB- but restrictions on CSHD!
500 and long...did you sleep through the session? Read the transcript when it is published! Lots of excellent stuff- more info than you will find on IHUB and RB! And what PAIM says, PAIM does!! Remeber that!
I did!
What OS are you using?
Hi eRacerX,
I really am sorry, like all of you who logged on to Yahoo Messenger, I also wanted to be able to explain and set these things straight. I would appreciate if you could post this on the boards.
These "chill" rumors are just that-rumors. If indeed the DTCC has ordered a halt on trading of PAIM, our Transfer Agent should have already been informed. As of today, First Public has not been informed. I would like to request anyone who has a copy of this reported email from DTCC to please post a copy or send me one, to my email: gary.gotanco@gmail.com.
The float has indeed been increased, owing to the private placement, and non-inclusion of OBO numbers in the figure we got from DTCC last end-July. I will lay out the figures hopefully in our chat tomorrow evening at 9 pm, EST (venue to be emailed later).
If you have any questions regarding the European Exchange Registration of Pearl Asian.. please send all your questions and concerns in regards to this particular matter: by sending an e-mail to PAIM's European Investor Relations Officer: Mr. Herman Struck @ eu.investors@gmail.com.
Once again, thank you for your help. To all of you who went on-line, I just talked to "Bojamble", there still are a good number of you chatting there, I really envy you guys, wish I could join you.
Let's keep the faith. A lot of powerful people out there sure are joining forces to try to keep us down, but with faith and God's help, we shall prevail.
Gooooooo PAAAAAAIIIIIIIMMMMMMM!!!!!!!!!!
Best regards,
Gary Gotanco
Stand by... I have an email to post from Gary-shortly before the open.
I'm wondering if we arre not about to get some huge news! 11 MM's- we haven't had this many in weeks!
Make that 11 MM's!
MM's now- very interesting! Feeding freny?
These Filings are going to cause this PAIM Stock to do one of three things Thursday. Its either going to go up, go down or stay unchanged! If Market Maker VFIN is around for any length of time, the stock will probably go down.
KING..DART Chart? Where did it go? I prefer that one over the current one!
DTCC can refuse to settle and clear orders!
tngolfer thanks...I was kind of looking for the whole days activities.
tngolfer..what service do you use to get these T & S?