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Thanks Budman33! Great advice.
Not to go to far down this road and hijack this thread, but I have to ask. Can you please embark a few words of wisdom for all of us? It's nice to pick a Vet's brain.
Agreed, I am glad I was able to correct this though. We learn something new every day. LOL!
I just hope that this could be helpful to others that may be in the same position. Who knows how many shares are out there being held under margin in a similar fashion and being leveraged by MM's. I myself am sitting on a few milli.
Just got off the phone with Fidelity and my shares were in fact purchased and held under margin. I am currently having them converted to cash. All of you may want to confirm whether or not your shares are held under margin or cash. If they are held under margin you will need to convert them to cash our you will need to put in a limit sell order for a higher price. I would recommend a much higher price with the prospects here.
This all IMO! GTLA!
Also my shares are still showing they are held under Margin in Fidelity as well. I will give them a call to confirm this. I know you technically are not able to execute a trade using margin funds. ie... You have $100 cash and $200 margin, so you can only purchase $100 in shares in pink land. But, the shares appear to be held under margin. This may mean that they can still be leveraged.
Sorry Farnorth ment for Budman33
My purchase was made on margin 2 days before the funds settled with cash. So there was a gap that could have been exploded by MM's.
But, how can you explain this purchase that I made?
YOU BOUGHT VIADERMA INC (VDRM) (Margin)Close Popup
Symbol VDRM
Description VIADERMA INC
Shares + ??????????
Price 0.018
Amount -$???????
Settlement Date 02/07/2018
Lol your right!Can they still leverage cash buys?
Woohoo! I hope .0145 is our new support level.
Put in a sell all, Limit order at a much higher amount. If you are on margin so the MM's can't leverage your shares. This will lock them down.
LONGS LOCK YOUR SHARES!!
Lock your shares!!
Read this in another board and thought it would be pertinent here.
When the stock has a sell order placed on it the shares can not be loaned out for shorting. This prevents your broker from loaning them out (at a cost they profit from) to traders looking to short the stock.
If you do not do this you are shooting yourself in both feet as your shares your broker is holding for you are used against your position.
What have I been missing here?
I actually was really impressed with the vapir NO2. I bought it 5 yrs ago and it held up very well.
I think I might test the waters here.
I just called the court house and the case was in fact dismissed. No BS!
The rumor-mill has started up on this one. I wouldn't be surprised if this takes off like $SPM.
What does this mean?
Form SC 13D/A CV Sciences, Inc. Filed by: Roen Ventures LLC
BY 10K Wizard
— 9:22 AM ET 04/12/2016
http://archive.fast-edgar.com/20160412/ACZ2AG2CI2223ZZJ222M2ZZZ8BU2K28RZ282
Filed on: April 12, 2016
info@frtdgroup.com
I got this response yesterday.
We are still proceeding with the acquisition and hope to have an announcement by Thursday.
With regard to the suspension, we have been in contact with the SEC and have been diligent on supplying the specific information they have requested.
I called Fidelity and they told me that this is normal in the case of a suspension and that the system automatically generated the number & letters you see are as an internal customer number.