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Could you please elaborate on what Survivor - Merger means? I am not sure I really understand what the Nevada filing is that you pointed out. Thank you.
Probably just a person putting them at a price so the market makers cannot use them for potential shorting...
SDVI
Yes, some committment sales numbers would be encouraging IMO.
SDVI
What are people's thoughts on the loss of RJ and the deal(s) like UAE that fell through? Any thoughts (had RJ stayed on and we got the UAE) on how much that may have improved PPS and what the guess would have been as to how much that deal may have brough in revenue to Graffiti/SDVI say over the next 18-24 months?
My thought is all the deals that RJ had setup ended up just being empty commitments that never went anywhere anyway, so maybe losing him and the UAE deal was not that big of a thing???
Thoughts?
SDVI
FYI for Zecco people - my Graffiti and SDVI assets transferred over from Zecco without any issues. Took about 5 business days, and of course I did this before Ken responded on the DTC issues with Pension. Just to give you an idea, if I wanted to sell the commission is $7.95 per trade.
Here are the original details of the deal -
http://videogames.einnews.com/pr-news/303663-graffiti-entertainment-inc-announces-letter-of-intent-to-acquire-equity-stake-in-feature-film-partners-vii-llc-with-american-united-entertainment-
Anyone remember ThornEMI? They were into media and gaming and were producing games for the C64, Apple and others back in the 70s/80s that I can recall from some of the games I remember playing back then. This whole situation of "what could have been" reminds me of that.
SDVI
I will keep you updated. They were 99% certain after speaking with the clearing folks AND they reassured me this would not be an issue.
SDVI
My ZECCO statement at the bottom reads the following:
"ACCOUNTS CARRIED BY PENSON FINANCIAL SERVICES, INC. MEMBER FINRA, NYSE AND SIPC"
So why are they not allowing ZECCO to trade (buy/sell) the stock?
Something is NOT right.
SDVI
I am moving my stuff away from Zecco to Fidelity. E*Trade will let you buy/sell, but will not let you transfer just those shares from another house to theirs, it will get rejected.
Zecco issues update: unable to move them out via Account Transfer to E*Trade because E*Trade does not accept inbound penny stock transfers "as others have indicated".
Scottrade will let you do it if you have 49% or less of your total account value in SDVI. Any more than 50% they will balk and not do it.
I called Fidelity today since I have a 401k and spoke to them in detail regarding my dilema and they spoke to their clearing house folks and they said with 99% certainty that they would be able to open a Brokerage account for me and do a FULL account transfer from Zecco no questions asked. They said there are no current trade restrictions with them on SDVI. The only concern was whether or not the Pre-IPO Graffiti shares would transfer due to no value at this time.
I will keep everyone updated as things progress.
So has anyone successfully moved their positions to another trading house for SDVI? It appears that with most houses that allow penny stock trading, they will not accept an inbound transfer of a position in only this stock. Tried transferring from Zecco to E*Trade and E*Trade as others have said is balking at it because I am moving only that position over.
TD, ThinkorSwim, and Scottrade all say that as long as you are moving it with cash or another security that is not penny and the value of SDVI is less than 50% of the assets they will allow you to move it over. That puts people that are just trading SDVI only in a precarious position of having to liquidate 51% of their account and pay the $200-700 fee with Zecco right now in order to move the securities over.
As was stated earlier, Zecco is going to try and nab you.
I have a case opened with E*Trade but I am guessing they are not going to honor it and reject it anyway.
General KENobi: Years ago, you served my father in the Clone Wars; now he begs you to help him in his struggle against the Empire. I regret that I am unable to present my father's request to you in person; but my ship has fallen under attack and I'm afraid my mission to Alderaan has failed. I've placed information vital to the survival of the rebellion into the memory systems of this R2 unit. My father will know how to retrieve it. You must see this droid safely delivered to him on Alderaan. This is our most desperate hour.
Help me, Obi-Wan KENobi; you're my only hope.
I would agree, we weathered the RJ news and missed deadlines for the IPO and Audit. I think we are doing rather well, we could have easily gone back down into the .009-.0014 range really quick. I think we have most of the flippers out for now.
SDVI
So at best we are talking around 7.5-10mil a week being taken out of circulation on purchases made by SDVI only.
Over 30 days that's around 40 million for a month, and it would take 5-6 months to remove 200-250 million more shares off the market since 300 million were removed from the Graffiti IPO conversion.
Well, that's better than a kick in the pants anyway. I was hoping for more like 100 million a month being removed if possible to speed things up a bit, but that may be a bit aggressive considering buying that many at the ask each month would cost around 250k.
SDVI
+1 to that. I do believe we will move once May 17th rolls around with the releases. No doubt in my mind, let's get back to the business of our games/titles with Graffiti.
SDVI
If you know all the background details of what transpired in Ken's thought process "do tell"....Ken has his reasons for doing what he did and all I am saying is I am reserving judgement until I know more than the normal banter going on in here.
I don't know all the details and neither do you. It is speculation as to the "REAL" background details beyond what has already been discussed. Anything such as this could easily throw a monkey wrench into the paperwork for the uplist/IPO.
I am almost convinced that this will make little impact as long as any deals that were in place before RJ's leaving are still in place after him and his crew leaving.
My guess is the IPO/Audit timeline took a hit shortly after Ken released that message and now he has to review and modify any paperwork requests by the SEC and any other firms for the IPO/Audit.
We should know more as we get closer to the May 17th Reader Rabbit release date.
I find it hard to believe with Ken's industry experience that he could not find a suitable replacement for RJ, or doesn't have other plans. Everyone is focusing on the negative, what is to say that something better isn't in the works? Anything is possible at this point because it's all speculation and conjecture.
IMO, SDVI.
I will let you know what happens...thanks.
SDVI
I am doing a total account transfer, not a partial liquidation. I am not saying you are lying, we shall see what happens.
I have an account transfer request initiated with Zecco to move everything in my account over to E*Trade, we shall see if they don't want to honor the request.
You're trying to tell me you cannot transfer your account using a std. "Transfer Your Outside Accounts".
Ill call E*Trade to find out.
This latest news so to speak, would be the only reason I could see why the audits and paperwork has been delayed for an uplist. This may have added another 4-6 weeks of time to get everything in order for Ken. Also, if deals were not materializing with RJ on board and he wasn't able to close some major/big deals, then IMO why keep them on the payroll?
IMO.
SDVI
I like your thinking Saredi.
SDVI
Reaper247, that is a very interesting point of view. I actually appreciate your input and thoughts. I didn't look at it like that, guess I will just be patient.
ZECCO is working fine, no issues with my account.
SDVI
IMO, this is not good news. But since I don't know anything beyond what has been posted by 2nd/3rd hands I cannot make a good judgement call. It's possible this was anticipated and Ken's part is taking longer due to the SEC requirements surround RJ stepping down and any other background details with 7th Level.
It's all speculation at this point...
SDVI
Can MMs force a price drop by selling shares between each other at the bid(s)?
SDVI
Could there be trading going on between MMs with phantom shares or shorting of shares (borrowing) between each other in order to keep the price DOWN?
SDVI
Please don't forget to add the -SDVI- tag to your post so each post is counted toward the BUZZCLOUD.
Thank you.
Pretty light volume, the price can go either way if there is no buying pressure. We need hands in the pot to push pressure on the shorts and the price, small buys to paint the price are not the way.
Very excited about the PR(s) for Reader Rabbit. Lots of positive things on the horizon!
-SDVI-
With that much on a day like today, someone is betting big on a downturn. They will get burned. Yahoo guys were posting something about the shorting to be in the 200-300 million range for shares since last year. If that is the case and we take off, many will get burned.
-SDVI-
If 20mil in volume was buyback, that was a cool $50,000.00 at .0025c a share.
-SDVI-
Everyone, please tag with SDVI in your message so we get cloud exposure...thank you.
-SDVI-
Some of this buyback by Ken will also weed out the weaker hands that have small-moderate interest in the stock and are not looking long term to have enough confidence in what Ken has said or is doing.
That is fine though, let's leverage that and get some bigger hands in the pot for the long term.
-SDVI-
20mil...let the floodgates open, and break the dam.
-SDVI-
Hmmm, I found something interesting...not sure if it's related -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61108685
There is mention of MMG in there...
-SDVI- FTMFW!!!
WDCO has been here before on the L2.
OUCH! That's some profit lost right there. I would love to see the day when SDVI is at .18c