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Exactly ExB..My third purchase of EIGH was at .13 even. I was a believer then and I'm a bigger believer now. I liked the action Friday, it showed that EIGH is a beast. We know the MM's want to keep this down but it ain't going to work. :)!
Explanation of why I was charged for a cert. from ThinkorSwim(for those that have been keeping up with my situation)
Jon asked me to investigate your account to see why fees associated with a stock certificate deposit were incurred. I checked with our Stock Receipts department who was able to confirm with Penson that this stock certificate was issued by the company’s transfer agent as a result of your purchase. For this pink sheet issue, the transfer agent does not issue electronic shares to be registered to the clearing house in street name when re-registering the security due to a purchase and sale.
When you purchased the stock, the transfer agent issued the shares registered in the name Penson Financial as custodian over the account. Penson was then obligated to work with the transfer agent to process the deposit of these shares into the account so as to be re-registered in your name as owner of the shares. This is the origin of Penson’s certificate deposit fee, the Depository Trust Company (DTC) fees, and the Transfer Agent (TA) processing fees.
I inquired as to whether you would incur any fees in the future when selling your holdings and was told that you would not be assessed any fees outside of commissions for the sale of the security.
Best regards,
Jaad Barakat
I hope so. I always try to be conservative on my guesses ;)!
Yes that is the hope. I think in the next year or so this is an easy 2 or 3 bagger from today's levels.
No argument here on that point, that is why I said I'm holding. Expenses need to be cut alittle though IMO.
This is a good growth company for sure.
I like it. Work up MM's not down..LOL!
Interesting indeed. Wouldn't be surprised if they tried to walk it down with such low volume. No worries here, report due out anytime now correct!? And with the Den's help this is an easy triple from here.
For those that missed this:
I've bought EIGH three times: March 4, March 5 and March 9. Today I
got hit by ThinkorSwim for over $300 for a certificate. The problem,
all my cash I had spent yesterday on GRNO. I did not realize this
until 4 p.m. today when I finally logged onto TOS to see what the
stocks had done for the day when I saw, This account has no buying
power, stocks subject to liquidation.
So I check my email, and there is a maintance margin call due today.
So I try and call the guy to get answers and tell him $300 was on the
way via ACH, no answer. Left a voicemail, no callback. I sent the guy
2 emails, one nice, one not so nice telling him a phone call would
have been appreciated as I could have wired the funds if need be. I
also told him I did not request the certificate.
My next question is. Will I get hit again because I bought on three
seperate days. God I hope not, I mean I'm a believer in EIGH but my C/
A just went up. $300 is step for certs so I'm hoping no more fees.
Perhaps a disclaimer should have been there when I went to buy the
stock.
I'll be looking for new brokers but I'm assuming with the pennies
stocks in my account will they be transferable and will they accept
the certificate or charge me a fee for having it.
I saw on IHub where someone with a Just2Trade account was also hit
with a cert fee, anyone else in here have that yet. I mean dangit I
bought this over a month ago, why are they just doing this now.
Last question, If I paid for it they should mail it to me correct, at
least I can frame the sumbitch.
I think Schwab isn't having any problems either. Am I right or wrong here?
That still puts the stock value at $1.40 with a industry avg. PE of 20. No offense, but JOEZ is currently over valued and yes I own shares at 2.67, and will hold long term here.
Nice spreadsheet Ryan.
I agree. However with .01 a share we can assume .04 for the year perhaps. Which means JOEZ is way over valued. I'm not sure why Yahoo and Google have an EPS of .40 showing which would put JOEZ way undervalued.
What worries me is the net income here and only .01 a share. I'm guessing this will go back below $3 in a hurry. I'm a holder here but would have liked to have seen net alot higher. Also JOEZ netted more 1st quarter 2009 than they did in first quarter 2010.
This is going to be a fun stock to be in, already is but with news coming and Float lock, oh boy. BTW, when did this become a FLP?
I love this stock even if it did cost me $300 more for a cert. I never asked for. Hey, at least I know my shares are real right! Chart is looking great and I smell a new HOY soon.
My guess would be a run up to earnings. JOEZ is still undervalued here with a P/E of just over 8. Industry average according to yahoo is 23.89 and JOEZ two major competitors VFC and TRLG have a PE of 19.89 and 15.22.
JOEZ is a $6 stock minimum IMO using the P/E method. IMO
How many pinky dinky stocks can you find with an honest CEO like Eric of TDGI? FEW very few. This is going to be fun, even if it takes a year to get to .10!!
That is true, however I contacted the then owner of TOS and got a flat 9.95 for how many shares I want even pennies. Thier charge for penny stocks is crazy, but I put enough money in I guess to waive all those fees.
Don't worry I'll be checking ;). Also keep in mind that I purchased EIGH over a month ago so I'm not sure when your purchases were and perhaps your charges may come yet. I hope not for you though.
No argument there, never buy on margin just didn't have the cash to cover the $300 cert. charge. I have lots of equity in that account and I hope they do not liquidate tomorrow due to margin call being due today. Sent ACH but those take a day or so to get there it said. OH BOY!
I am considering Schwab seriously and I'm contacting them tomorrow.
Have you had any problems buying EIGH through Schwab, a friend of mine bought some through them the other day and had no trouble, but I warned him about a cert. fee maybe.
I just love thinkorswim desktop though so yea, I may keep it for a few things for sure.
Also TOS charges per quarter to hold a certificate I think. AHOLES!
Yea I seen your post a few minutes ago. I'm worried now that my GRNO purchase may go through the same thing. I would think there should be a warning before purchase though and I'm also wondering about three seperate buys, but I'm hoping the $300 should cover those three buys and not $300 per buy.
I agree..but now I'm afraid that since I have the cert if I transfer to another broker there will be another holding fee for cert. Again it's my cert in theory, send it to me framing ;)!
TDA may..but thinkorswim, owned by them yes, does not play by the TDA rules.
I did not ask for them..that is the key to this IMO.
Just wanted to know if anyone else out there is having this problem.
I've bought EIGH three times: March 4, March 5 and March 9. Today I got hit by ThinkorSwim for over $300 for a certificate. The problem, all my cash I had spent yesterday on GRNO. I did not realize this until 4 p.m. today when I finally logged onto TOS to see what the stocks had done for the day when I saw, This account has no buying power, stocks subject to liquidation.
So I check my email, and there is a maintance margin call due today. So I try and call the guy to get answers and tell him $300 was on the way via ACH, no answer. Left a voicemail, no callback. I sent the guy 2 emails, one nice, one not so nice telling him a phone call would have been appreciated as I could have wired the funds if need be. I also told him I did not request the certificate.
My next question is. Will I get hit again because I bought on three seperate days. God I hope not, I mean I'm a believer in EIGH but my C/ A just went up. $300 is step for certs so I'm hoping no more fees. Perhaps a disclaimer should have been there when I went to buy the stock.
I'll be looking for new brokers but I'm assuming with the pennies
stocks in my account will they be transferable and will they accept the certificate or charge me a fee for having it.
I saw on the EIGH board where someone with a Just2Trade account was also hit with a cert fee, anyone else in here have that yet. I mean dangit I bought this over a month ago, why are they just doing this now.
Last question, If I paid for it they should mail it to me correct, at least I can frame the sumbitch.
I'm on ThinkorSwim which is owned by TDA but does not have all the restrictions TDA has as it use not to be TDA.
no funds for the certs..I put all my remaining $$ in GRNO yesterday, now I'm wondering if I don't get a cert charge there as well.
I've bought twice..both early March I think.
Well I've got to run, so ask Ex to reply to me so I'll see his reply
well the bad part, I did not have the funds in my account so a margin call was had which I did not get until just now after checking my email. Sent in an ACH and hoping they don't sell them tomorrow since I had to buy a certificate.
No I did not, but at least I know my stock is real. If this is not common on EIGH I WILL be switching brokers!
Question
I use thinkorswim and they charged me ove $300 for a EIGH certificate today: here are the fees:
4/6/2010 5:00:00 AM TA FEE EIGH $0.00 $88.25
4/6/2010 5:00:00 AM DTC TRF FEE EIGH $0.00 $90.00
4/6/2010 5:00:00 AM Certificate Deposit Fee $0.00
4/6/2010 5:00:00 AM DTC NYW FEE EIGH $0.00 $80.75
Anyone else have these fees from any broker?
bring the volume we had this morning and this puppy will close at the new high for the day.
Keep wishing Rain right ;)! This song and dance is getting very old. With assets worth .056 (going off memory here), some great revenues from great movies coming and stock currently at .0365. Something is terribly wrong with VNDM and anyone selling at these pathetic levels IMO!!
I'm just glad I have both now. Added GRNO to the stash today ;)!
Oh no..not again. Come on stay up stay one time!
VNDM is not retail.
Great volume from 10.19 until around 11.30, are we waiting EOD to push higher. I'm hoping so!
We need to get that MF'er VNDM cleaned out as soon as humanly f'n possible. Sorry for the vulgarness but this is frustrating as hell.