is...throwing money into the Euro
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maybe we can hold on to the gain today....??
oh...nevermind lol
sure they use knight....
....but not exclusively. I bet they use UBSS sometimes too.
MyEdgar, Inc. (MEI) (surviving entity of DCCN's acquisition of MEI) is rumored to have approx 200,000 customers worldwide, which garners an estimated $100,000,000 in revenue per year. I'd say thats pretty good... =)
It's about time this company went public...
I'm guessing we'll see a PR before Christmas.
looks like it, but I bet there are a bunch of lurkers.
that may be true, but you forget what we're debating here: UBSS is the market maker for certain online brokers...
MG Financial bought shares from Jesse Rodriguez. The 200,000,000 shares that were purchased are all the shares the street currently owns. Susnar and Chornomud collectively own 500,000,000 shares which are restricted. Add the two together and you get the O/S value of 700,000,000 shares.
MG Financial made it possible for you to currently own the shares you have (if any). They invested money in DR Entertainment---they are the financial underwriter, the accredited investor. Thus it doesn't matter whether UBSS is selling shares or not. For all you know, it could be one of us selling shares through UBSS services, in which case my broker calls up UBSS and says to sell x number of shares for me (or anybody else on the street for that matter).
It wouldn't surprise me, too, that UBSS is doing a lot of buying/selling here. It is the largest investment house in the world, and it looks like they get pretty good share prices too...
It's like all of you have forgotten that whenever someone sells, someone else is buying. The shares don't just magically go back to the company. In which case it makes damn good sense that those buyers would want a good share price for the stock (i.e. using UBSS to do their trading), which is why we are seeing the share price drop to these levels.
no they dont. Scottrade uses US Bank aka U.S. BANCORP INVESTMENTS, INC.
Here's a complete list of market makers for the NASD:
http://www.finra.org/AboutFINRA/FINRAMemberFirms/ListofMembers/index.htm
No.
But let's say I give you the benefit of the doubt.
Which broker do you use??
read and weep (especially the last paragraph):
http://cuiwww.unige.ch/~chatagny/market/kluwer_paper/node9.html
Brokers act as intermediaries.
Still don't believe me??
Here it is, straight from the horses mouth (and in plain english, I might add):
http://www.investopedia.com/articles/trading/03/020503.asp
you're***
good spelling comes with a good education.
probably a good idea...its a local call
Thanks for the info though =)
280k shares? or what?
but thats good know that they are finalizing the deal =)
we need to see Form 4 or 5 before we get the PR. So keep an eye out for that! =) Also look for the audited financials...we should see that soon after Form 4 or 5.
CW, any luck with the PH#??
The Reg D shares are not being "dumped onto the float." How dumb can you people be?
UBSS is a company that facilitates trades on the open market. They don't own shares, their customers do. For example, say you wanted to sell your shares of WRII. So you go into your scottrade account and tell scottrade to execute the sale and such and such a price. Scottrade then calls up an investment bank, such as UBSS, and tells them what you told your scottrade broker. UBSS then calls their man on the floor etc. and the trade is executed. Its probably a lot simpler now with the Internet; and considering how big of a bank UBSS is, I'm not surprised you guys think UBSS is to blame when you look at Level II and think, "damn I'm smrt for looking at level II" inflating your already inflated egos.
This is exactly the reason the majority of people don't ever make money in the pinks: they completely buy into the level II BS, which is basically meaningless. However, the few that stick it out will profit...does anybody remember SPEA? or more recently MWXI? Catch my drift?
I don't respond to individuals that just trash stocks. If you want to discuss things on here without acting like a moron then go right ahead, I'll be glad to talk to you then.
well call them up if you really want to know. What do I look like, your secretary? =P
thats a negative....they don't use UBSS.
well guess what.
UBSS is the largest investment bank in the world...systems like scottrade, etc. use UBSS to facilitate their trading on the floor or OTC. UBSS isn't dropping the price, the sellers are hitting the bid price, and since we're dealing with fractions of a penny, its the difference between gaining 30% or staying at 0.0006. The main underwriter of this stock is MG Financial, LLC of MN NOT UBSS.
UBSS isn't even a market maker here. It represents a system by which online brokerage firms trade. Which means, people are just selling their gains from today...day traders...and everyone else says "OMG the price is dropping....GET OUT GET OUT!" and so the price drops like a rock.
yeah...I mean its good now that all the negative nancies are gone.
yeah...this one's making a comeback! =) Finally we move up on good news..
thats no good. LDSI hasn't filed anything with the SEC...no wonder it tanked. The shareholders had no data to fall back on.
DCCN plans on paying out dividends because it never has before, but now that it plans to merge with MyEdgar they can. Check out FORM 10-QSB for period ending September 30, 2007...All of this info can be found there.
I'm surprised more people aren't in on this one. I guess that's a good thing though...more bling for us when this one hits the papers. I was talking to a colleage last Friday who has a PhD in business about MyEdgar, Inc. and she thought I had made a really good deal with this stock (i.e. buying it under a buck). That tells me that this one could be one of the bigger deals like CKXE or BBI...
hey did you ever call them??
so....where are the financials on this one??
looks like they've successfully refinanced because thats about 2mil more than back in September. =)
hmmm...we closed up today.
Yeah, gaming applications take some time, especially in NV. Looks like Mr Susnar knows what he's doing.
well the form is sparsely filled out, so I think that they plan to stay out of it as much as possible. Its the smallest method of funding (UP TO $1mil)...it could be a LOT worse, like UP TO $5mil. Compared to even $1mil, $20,000 is hardly a dent.
Well the Reg D filing is good for raising UP TO 1 million dollars, which means they do not have to raise 1mil, but they could if they wanted to. Also, because they filed Form 15, we do not know how many underwriters this stock has because they are not required to register. The CEO plans to re-register the stock with Form 10 in Q1 or Q2 of 2008. According to the Reg D exempt filing by Rule 504 (which basically should have INCREASED liquidity) $20,000 was raised to pay off the financier (Jesse Rodriguez) and some outstanding debt the company had. Par value is $0.0001/share. The REGDEX filing got this stock trading initially, because whoever bought between Sept 1, 2007 and Jan. 1, 2008 bought these shares (also called the float).
250,000,000 shares belong to Mr Susnar
250,000,000 shares belong to Mr Chornomud
200,000,000 shares are currently on the street. These shares where the topic of the REGDEX filing and were sold from Jesse Rodriguez to MG Financial, LLC (the primary underwriter) for the amount of $20,000 at par value. One of my earlier posts outlines how the entire $20,000 sum was spent.
Looks like the next step is to get some financial underwriters on this stock......they're looking for private placement (PP) now. Maybe we'll see a Reg D by Rule 504/505/506 or something similar soon-ish...A statement detailing the results of the financial audit will follow soon after PP. Then maybe a PR...
This company is in the business of filing financial reports with the SEC. Looks like they're on this like white on rice, and they know the best way to conduct and go public through R/M.
IMO, if they FS 1:15, this stock isn't worth any less that 10 bucks/share.
yeah...no interest will do that to a stock.
I sent realest the Regdex form last night...maybe all the BS talk will stop now? =P
yeah...anybody? lmao
bottom of page @ www.myedgar.com
I got my order filled this morning by the way...you?
hmmm...PR probably next week?
well I know especially with scottrade, they lock the buy orders up if they think they see something fishy going on with the price (especially in the pinks). Most of the time you have to call them and they'll complete the order for the online commission fee. It could also be that the ask/bid isn't up-to-date...in which case, call your broker for the up-to-date prices.
well if they don't split, each share is worth at least $150. With the split, 10 bucks/share.
I think it'll be a 1:15 forward split...They may announce it with the merger announcement, but it could be a little while longer until they announce the split. At this point, it's really hard to tell what they're going to do aside from announcing the merger agreement...
I would like to think that they will announce the split with the merger and the stock structure/financial audit...but that's just me.
I think we'll see the PR before the market opens tomorrow.
wooooo woooooo
FORM 3 FILED TODAY!
Looks like the merger is complete guys. According to the form, it looks like Mr Balbirne, CEO of MyEdgar, Inc. has stepped up as director of Docucon, Inc. which means we could see the PR really soon.
how about just keep the ones you have.
According to the last filing, it looks like that if you have 99 shares, you'll end up with 4 after the R/S because you're buying after the cut-off date of 11/19 and you will not be afforded any special treatment. Likewise for 100 and 101.
lmao sure is
so back to boobs...