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Tuesday NEEDS to be when we ALL call the brokers, and DEMAND our rightfull Dividend/warrants be credited to us!!!
We did good this week.
C ya everyone!!
OKAY..OKAY..Calm down, we can't get to double digit's today!! LOL
I will thank Lancaster when he gets us to a dime!! Before then, I will say good job so far.
Bign is looking solid, even without the anticipated news.
The DTCC is/will be in the process of authenticating the certs and then will follow through with distribution of the D/W's to the brokerage firms. Once the brokerages are in posession of them, they will credit our accounts.
The only question I have, is how they will rectify the 118+ Million short.
I just pick the ticker symbol that sounds the best, and put all my money on it!! LOL
For all the newbies here, Futrcash is in-the-know on BIGN!!! He doesn't care for me much, but he is very informative.
FWIW.... Thanks for the update Futrcash!! Sounds GREAT!
DTCC should have the D/W's at this point!!!! :)
The fact that the DTCC will be in reciept of the D/W's should begin to turn up the HEAT!!
Pay date was the 15th. It has been 4 business days so far.
Yes that would be nice to close green, but I am looking for the REAL money, and not a couple pennies.
C ya
That confirms my conversation with Ron Haller at the TA today. He stated that they were sending them out today, to the DTCC.
The DTCC is going to distribute them out to the brokerage firms of EQBM record holders.
How are they going to distribute the D/W's to an additional 118+ Million phantom OR legally shorted shares that are in retail accounts??
The point here is that when the DTCC identifies this inaccurate accounting, it should seek to rectify the situation. If it is a NS, then they are in BIG trouble. If it is legal shorts, then they owe the D/W's to the rightfull shareholders they borrowed the shares from, in order to short it.
Even IF for some reason we don't get a squeeze (?), I still see EQBM moving up as Dalian and other "strategic deals" that are/have been announced, come to close.
There really is no reason for EQBM to continue to go down, since we have held this SP range since July. If anything, EQBM should be going up in anticipation of Dalian closing in just a couple weeks or so.
The only thing healthy for us, is for you to leave!!! LOL
Loading the boat!! :)
Not sure if these guys will work, but I figured I would post it before I head out for the evening.
http://www.interactivebrokers.com/en/general/about/about.php?...
Did your level II show the last trade that brought it to 2.2 M?
I was looking at the volume at 4:02 and it was 1.3 ish, then it jumped to 2.2 ish.
Check out the volume after the close!!
I'm with ya!!
Judith.Burns@dowjones.com/ 202-862-6692
Major news writer for Dow jones newswires!!!
SWEET!!
There are risks to going long or short in a market.....read this article on the perils of a short position gone wrong!!
http://www.investopedia.com/articles/technical/04/022504.asp
While the DTCC is dealing with this situation, we NEED someone to document the trading activity from this point forward.
If the MM's continue to manipulate this, we will therefore have the trading records.
Anyone willing to step up and keep each days trading activity???
I would, but I do not have level II.
I will be calling the DTCC tomorrow!! I suggest anyone with monies on the line do so as well!!!!!!!!
There is a keep button just above each message. Just keep each valuable post for future notice.
EQBM=Divy/warrants--> TA--> DTCC--> Brokerage accounts--> Negative amount of Divy/warrants needed to distribute to record holders--> NSS--> OH SH@!*T!!--> NSS cover EQBM/SOMA--> Brokerage accounts reflect correct Divy/warrants as of the record date holders submitted by Larry/TA to the DTCC.
If EQBM is NOT covered then the DTCC has failed to enforce the cover and then the SEC and Lawyers need to be contacted, and provided verification of NS. The NOBO shows the extent of the situation.
This should begin to heat up on ALL sides. The DTCC,brokerage firms, and OURS. This should force the situation!!
The fact still remains that if the DTCC finds a true 118+Million NS then they will need to cover it, so that retail investors don't have phantom shares in their accounts. Larry has the NOBO report, and the verifiable #'S.
The only way we get to the bottom of this is to continue to call and email the DTCC/TA/and brokerage firms until we have a definitive answer!!
Implementation Team
Anthony Pietanza (Director) (212) 855-5682/ E-mail: apietanza@dtcc.com
Xmas is next Monday!! This is only Wednesday! Get on the phones to the DTCC and the emails going out, so we can get to the bottom of this. One person doing it all will not bode as good as a BUNCH of us at the same time. United we stand!!
Just click on the post of the DTCC, and pick your choice out of the list, or call the #'s at the top printed in blue.
I don't believe the Dividends can be paid until the situation is dealt with by the DTCC. They cannot just send out the Divy/warrants to some, and then have a LOT others (118+ Million shares) NOT recieve them as well.
I would recommend everyone to send as many e-mails out to the DTCC as possible, and get on the phones!! The last thing we need is for everyone waiting on someone else to do it.
YES, I believe it IS now in the DTCC hands!! Therefore here you go boys and girls, get on the horns!
http://www.dtcc.com/contactus.htm
Yeah, and what IF it just kept going up??? Heinz sight is allways 20/20.
Per the PR yesterday from EQBM, Larry has delivered the Divy/warrants to the TA. Now the TA cannot deliver to ALL the shareholders due, that he is suppose to according to the extra 118+ million shares. Therefore the DTC has now been informed by the TA, and the process has begun.
It is now in the DTC hands to rectify this issue!! May take a little time, but the trap has been sprung!!!!!
We only have 6 trading days left of the year, and then it's the anticipated close of Dalian within the first couple weeks of January.
The DTC is only involved due to the fact that there are 118+ Million shares in retail accounts that are due the Divy and will not recieve them because there are only so many Divy/warrants to distribute according to the share structure. Larry is/has informed the DTC of this problem in order to have it rectified, by exposing them.
I think the DTC is in charge of the payment process at this point, and therefore will now investigate the NSS issue. EQBM has delivered the Divy/warrants to the TA, and now the ball is in the DTC hands. JMO
As the heat is transfered from the DTC to the brokerages, it will then bring the shorts to the table.
Where are these Divys/warrants going to come from? I have no idea.
We are above the daily 100MA @ .018!!! Next stop .023-.025
All those interested in informing news outlets, here are some ideas.
The recent article on NSS and sueing the Texas hedge fund was printed by http://www.portfoliomedia.com. To send information to the editor about EQBM, you can send it to: editor@portfoliomedia.com
I believe http://www.Businessweek.com also printed the story. Just search the archive button at the top of the page.
Another news outlet is: www.RGM.com...http://www.rgm.com/shortselling.html
This site has a LOT of news outlets to send the EQBM story to.
Here are some articles on NSS:
http://www.Thesanitycheck.com/BobsSanityCheckBlog/Tabid/56/EntryID/477/Default.aspx
http://www.fool.com/investing/high-growth/2005/03/30/whos-behind-naked-shorting.aspx
7 trading days left of 06!!!!
Even IF they close the East LOI after the EOY, it's still HUGE!
Come on Lancaster and crew!