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yeah, thats what the company said, I woulda rather had a tradeble divy myself. its under my control.
everyone keeps saying this restricted divy is restricted for 12 months( 1 yr)! thats not correct!! its restricted for "at least" 1 yr. it could be 20 yrs.
Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares is subject to the other conditions of the rule.
then ya gotta deal with this
Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer—usually in the form of an opinion letter from the issuer's counsel—that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
http://www.sec.gov/investor/pubs/rule144.htm
do ya expect em to be worth something like every one else? tell me about in about 2-3 yrs!!
bonus??? have ya ever had a restricted divy in your account before?? the value will be 0
and why do they do it??
to keep ya in the stock and buying more!! yo!! gimme them free shares!!! LOL
what? ya don't read the posts here?? they're all counting on em!! and your right its freaking hilarious!
incentive shares, lol, hope everyone is counting on them!! call em what they are "RESTRICTED SHARES"!!!!!!!!! they'll never be worth anything!!!!!!! you need to quit counting on them "RESTRICTED SHARES" bailing ya out of this POS.
sometimes the fork helps, lol. I got all kinds of luck, it's all bad!!!!
SOAB, that took a while, sorry, canceling my sells. thx
this thing is all done, revoked is not halted or suspended, its gone!!!!!!!!!!!!!
pretty rare that they get reinstated.
list updated after the close and still not there.
I'm not gonna get too excited if its not there tomorrow cause they made mention that it may not happen till next week!
remember, even if we get it, ya still got nothing!
I'd just like to see em follow through with ONE thing they said they were gonna do!!!
ok, if the payment date is what they say 11/23, that would make the ex-dividend date 11/25 (1 day after the paydate), so it could show up on the daily list tomorrow and happen friday.
"FINRA just agreed to announce the payment date as 11/23/2011"
nothing here, should show up on the daily list and hasn't yet, list does update after the close so it still might. but I'm guessing the holiday may be holding it up. either that or they blowing smoke again.
its "at least 20 trading days including the ex-dividend date (10/26)" thats today 11/22, could be longer, evidently it is gonna be.
not on the list to lose the D today either, tomorrow for friday????
I would guess its the 10Q, which they filed today so they'll cancel the E tomorrow.
getting an E 11/25
13:07 11/25/2011 SAVW SAVWE SavWatt USA, Inc. Common Stock Delinquent**
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/22/2011&mkt_ctg=ALL
here it is on the daily list today
13:07 CDMA Codima, Inc. Common Stock 11/23/2011 100 12(j) Registration Revoked by SEC
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/22/2011&mkt_ctg=ALL
not good
back in 1999 we were an aircraft co, hunter aircraft.thats as far back as I could go. sec is talking about 1993, they haven't filed 10Q or 10K since. thats why they are revoked.
edit-could not put in a sell order with TDA
and these were NEW shares bot after the split
I don't even want the restricted divy, but looks like it might be gonna happen here in the next couple days. gimme .005, I'll take that in a second.lol
in 1, 2, 3, 4 yrs from now when you're still staring at them restricted shares in your account it ain't gonna make one bit of dif when ya got em.
not on the daily list to lose the D tomorrow.
losing the D tomorrow, 11/22
13:06 11/22/2011 EPRAD Emporia, Inc. NEW Common Stock EPRA Emporia, Inc. Common Stock **
the hold up is DTC, not the TA, not the broker. DTC eligibility issue would be my guess.
this crap has been going on now for over 6 months where there's a split involved.
the N/A is cause they don't have NEW shares yet! they removed the OLD cdma replaced it with N/A so ya don't sell em.
when they get the NEW shares you'll get CDMA back with 10% more shares.
edit-I like the new Joe, welcome aboard!!!!!!!!!!!!!!
now, don't get me wrong, liked hearing from the old one too, just like this one a whole bunch better!!!!!!
don't have a clue, have not been watching it at all. just saw it on the daily list for getting the E and then saw peop talking about 1-5000 RS that has been in the works since def-14c in Aug and hasn't happened yet.
E will be on for a 30 day grace period (12/16) or until they file 9/30 10Q.
I read something on JUNP board : (if the company is "revoked" on Nev SOS, they can't RS). news to me, anyone know if that's actually true??
WTWO 1-100 RS
12:50 11/21/2011 WTWO W2 Energy, Inc. New Common Stock WTWOD W2 Energy, Inc. NEW Common Stock 1-100 R/S **
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/18/2011&mkt_ctg=ALL
JUNP 1-5000 rs goes back to aug, def-14c, and still hasn't happened. is there news or something saying its gonna happen and when????
ok, and all that e-mail is saying is they're waiting for FINRA to set an ex-date(ex-dividend date)
FINRA sets the ex-date
it don't happen till they do!
oops, sorry, replied to the wrong message,lol
I'm not sure what you are getting at here, originally the company thought the TA could handle this divy. then they find out that it has to be done by the company. so at that time they notified FINRA of the divy. it takes FINRA weeks, if not months to approve a corperate action(in this case a restricted preferred divy).
I've never talked to this company!!
and you can search or call FINRA all you want, they won't tell ya nothing about something that may or may not be in the works. they will talk about it after it happpens.
?????????????????????????????????????????????????????
huh???????????
that would of been inwester1 I believe
he said and posted a copy of a physical cert that he got for shares that he was holding in physical certs.
said he was still waiting on shares he held with TDA
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68400214
I have TDA and NOTNING yet
cancelled the E today
SYMBOL CHANGE CANCELLATIONS
Updated Date Old Symbol New Symbol Name Comment
13:01 11/18/2011 ACDU ACDUE Accredited Business Consolidators Corp. Common Stock
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/17/2011&mkt_ctg=ALL
I've seen a lot of restricted divys given out, and as far as I know they all had to be approved by FINRA.
not sure what might happen with peop that actually hold physical certs and will be getting physical certs.
they've got 2 days, if they file and there's time they will usually cancel the E. see what happens
yeah, noticed that.
also cked one of the other stocks on the list and it appears it is a 30 day grace period from when the E goes on.
well, they give them a grace period to file before they demote em, thought it was 30 days, but when I ck the link, the ones that are on there, the grace period is about 3 months. not sure what to make of that.
ACDU getting an E fri 11/18
13:16 11/18/2011 ACDU ACDUE Accredited Business Consolidators Corp. Common Stock Delinquent **
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/16/2011&mkt_ctg=ALL