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I expect the whole week to be like this. We can't trade, and many are taking time off. I'm taking Thurs and Friday off to work on the boat.
You just figure that out - all by yourself? WOW! I'm impressed, I didn't think you could.
Also, the market closes early (1:00 pm) tomorrow July 3.
Yes, trading halts at 1:00 pm on July 3 and all day July 4.
I see that a lot of people are encouraging suprabiz by responding. IMO he's a headcase and gets off on being an irritant to provoke the reactions he craves. I recommend ignore. Perhaps if he no longer gets a reaction he'll go back to therapy.
EDIT: On the other hand, there is not much else to discuss so he IS a source of entertainment. Oh ya, LOL.
I suppose you could be right but I've also seen companies that have PR'd that they were signed up for an e-mail campaign. Most of my spam is from companies wanting to give me a loan, or sell me some product or another. They definitely hire the spammers. The stock spam usually has a misleading header and touts that stock abcd is ready to explode or some such nonsense. I had assumed that they signed up for an e-mail campaign. I've even had them tie up my fax machine. As you say, there is a possible alternative explanation. Nevertheless, it is still really difficult to locate and prosecute the sob's.
Its the companies that hire the spammers, so they do have something to do with it. As for going after the spammers themselves, I wish it were that easy. First, its not always easy to find them and worse many are operating from foreign bases where our laws don't apply. I wish there were a solution, I receive around 50+ spam messages a day. Yesterday I checked my e-mail for the first time in a few days and had 364 spam messages.
I only see two MM's on bid/ask this a.m.
Even if your account still allows trades it might be difficult.
C-Man - My apologies
My rheumy eyes misread your message, Da Chief is correct, they are all valid points.
Once again, my apologies for wronging you.
Cabo Sailor
Somebody turn on the lights - there are too many roaches that need to skitter back to the woodwork.
Another for the ignore list.
Something that I learned is to NEVER believe personal communications with the company. I just nod and say 'uh huh, that's nice'. If it turns out rosy, great. If not, then the dissapointment is not so great. If nothing else, folks tend to read to much into each syllable.
Since it is not "halted" except by some brokers, I would think that they have to honor the split. If I were dealing with a broker that still allowed trades, I would certainly expect to see the new shares in my account sometime next week.
Also, the other variable is that PMCL no longer has SA as transfer agent. I'm not sure how but I feel that this will be a positive factor.
Cash, I'm having a Dewars & water. Or at least it will be when the ice melts. LOL
You need to read their explanation of the ratings. Basically because of the hearing they rate it with the skull and crossbones.
AhhHaaa! The post name change company will not be PMCL it will be something else with no orders against it!! Our name shall set us FREE! LOL
IMO not a good thing to even joke about on a message board.
Dang - sounds like the natives are getting restless!! ;)
Here's a thought.
The OSC announces the investigation into fraudulent shares. Most brokers continue to trade.
The 8 for 5 dividend is scheduled to take place for shareholders of record on Friday.
Either because of the investigation and/or the dividend, the brokers start checking their records and find shares don't tally up the way they should.
Voila, the brokers halt trading until they can come to the bottom of this.
Sorry to say, if this scenario is anywhere close, the SEC will be dipping their toe in the water soon.
WOW more shares than are authorized?? That would mean more than a BILLION. Oooh I can just imagine the run when this gets settled!!
One can only hope but then they should have said so instead of telling people it because of the OSC hearing.
Gotta admit - nice volume :) /e
I do have that affect on people. /e
HAK, you hurt me. The Cabo Rico 38 is a cutter NOT a sloop. Sheesh
She's ready to go - except for topping off the rum.
Well, this calls for a cocktail or two!! ;)
Think of the bargain buying that some can do right now. LOL
Yep, the lemmings are jumping off the cliff. It's just so predictable and yet I guess I can't really blame them in this case. Many don't want to have their money tied up.
In many cases the brokerages carry insurance for this kind of thing. If it is established that SA did issue fake shares, I would imagine that OSC would require them to make good. Even if SA has to buy them on the open market. :)
I suspect that PMCL would be one of the ones suing SA for damages, etc. If successful, SA would have to pay for the damages and probably make good for the fake shares by buying on the open market. Damages = revenue, making good the fake shares could lead to a pps increase, depending on how many shares were faked. I would imagine it would be quite a few shares for it to come to the attention of the OSC.
I wish we knew more - like who's idea was it to have the extension - what arguments were made to extend it so far, etc.
I really hope that their is at least an explanatory PR from the company soon. I imagine their phones are jammed by irate folks.
If the OSC finds SA has been issuing fraudulent shares with no collusion with the individual companies - the civil lawsuits will be awesome to behold IMO.
Well shucky darn, I just went from trader to investor.
My Scottrade is blocking online buys and states I should call to place an order. I wonder if this has anything to do with the dividend process?
I put him back on ignore - his whining was getting distracting.
Meanwhile we are seeing an exodus of the fearful ones. Once they are done bailing I would expect us to rebound.
I see good ol'DOMS moving up on the ask. Usually that is a very good sign, he's got a rep for being investor friendly.
I disagree crabman,
I think they really would have problems if they did NOT carry through with what they PR'd. Additionally, the problem they have is with the Canadians, not the U.S., if they did not carry through with the dividend, they would be in hot water with the SEC IMO. Finally, the only problem they have with the Canadians is that it "appears" they gave a misleading statement on the financials. Again, IMO, IF they did they might receive a fine and an order to issue a correction.
I think people are making too much of the whole affair.
Aren't you embarassed to post not only lies but really stupid ones to boot?
There is nothing on the OSC website
Several of us trade through Scottrade. No problems.
They don't show up on L2. Also absent are ETRD and NITE.
Finally, the bid is moving up. I'm showing 0.022 x 0.026.