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Why would they PR that they received the equipment? That would be fluff. I am more anxious to see a PR stating they have the equipment in place, are running gold, and it is working beautifully!!!
RIGHT ON!!!!!
Ditto. I haven't been in but a few months also, in the red a bit, but I too see huge potential in this company. Everything they have PR'd the past few months tells me they ARE working diligently to get this moving. I know that some who have been in for several years now say they have heard it all before, but like many things, things don't always go as planned. They are buying new and better equipment to make this run more efficiently, so I personnaly have no problems with that. I am here for bigger and better things and if that means waiting, so be it!
Amen, brother. It is all about them trying to save $'s, which is always what it is about. I did not create the situation, and I am not going to get rich if they do cover, but I like you, would like to see them adhere to the same rules that would apply to us.
If not, then it just becomes political and who has the deepest pockets.
Thanks for the link. I agree it says nothing of the sort. As a matter of fact, it states an exemption may be granted if it protects the investors and the public interest.
Now if someone can explain how giving ST an exemtion would protect the investors or the public interest, I would be interested to see how that would accomplish that.
It did open the other window, but as pang stated, I think you have to be a paying member to view it.
I couldn't open the link in Paula's post, so I don't know what it said, but I would be extremely suprised and disappointed if ST doesn't have to straighten this out. If they do nothing, how would the outstanding shares be reconciled to the correct number? Does everyone just turn their head and ignore the situation?
I am not buying they have already covered BS either. If that was the case, there would be no lawsuit, and the ST customers could have traded GBOE normally a long time ago. As far as I know, they still cannot. So, that tells me the situation is not resolved yet.
I have not seen the actual name of the other company being disclosed, but there seem to be several engineering companies in the Glenwood Springs area, though. I guess time will tell.
I found them. Based in Meeker, CO just as PR stated. Here is a link. http://www.manta.com/c/mmg120p/moody-construction-sons
mansf7720, I don't believe ST will have resolved this until they release their clients' accounts. I am definitely going to hold until that happens. I am assuming you are still frozen as well.
Thanks,
LB
I have followed your posts and knew that your account had been on hold. I just wondered that since you received a response, that if they had also changed the status of your account.
There have been several posts lately, not from you, downplaying the issue as to being almost non-existent. I am glad to hear you are close to resolving your issues, however, I still believe the overall issue has not been resolved until their customers have been released to trade, or transfer their accounts.
As Paula questioned earlier, if the issues are not much of a deal, then why the lawsuit, why the account freezing, etc.? Looks like it would have been in the best interests of all parties, especially their customers, to just take care of it and move on with business, if that were true.
Thanks for your response and keeping the board up to date with your situation. Best of Luck.
LB
I agree. Doesn't make sense. What is the logical explanation for these actions, and unless I am mistaken, the accounts are still frozen. I had asked MYNC earlier about his accont status, but he has yet to reply.
MNYC, are you able to trade through ST now? If not, is that limited to GBOE, or is the account frozen from all trades?
Thanks
Tom, do you think there will be an official release by ST, Knight, UBS, or someone involved in the lawsuit regarding the agreement for ST to clear up the situation within the 35 days of dismissal? It seems it might be to ST's detriment to make it public knowledge, because I would think it would encourage buying, which they don't want.
Of course, I would like to see something either from that group or the company regarding the situation.
Thanks
PCFG starting a move back up again....026.
Brit, appreciate the response. There is alot of it that does not make sense, and I think there is more to be covered that Manti is stating also. ST is stalling, and I think they know the typical investor is impatient, but time should be running out per the dismissal agreement. I think the agreement has to be correct if the MM's and brokers threatened them with forced buy-in's, which they want to avoid.
Also, if there wasn't still some issues, ie covering, to be resolved, their clients would be free to buy GBOE as they wished. To me that speaks volumes. As I stated in a previous post today, I can be patient. I may even buy some more.
Thanks,
LB
Yes. That is the way I see it. Just trying to discredit the company, but looks like they would have to stick to facts and not conjecture in a legal document.
Britpack, maybe you can help clear something up for me. Manti claims the shares sold to UBS on the 6th have been covered. I know there is a statement in the filing that references the shares being resolved, but if that is the case, why are they named as a defendent in the lawsuit? Also, they haven't traded near enough volume since the 6th to cover that many shares. What are your thoughts?
Thanks
They do mention it as an accusation, but I do not think they have any proof of it.
Well, based on the 35 day timeframe, we still have about 3.5 weeks to see how this plays out. Unless something has changed since last week, ST and Zecco clients still cannot trade the stock. This tells me that it is far from being resolved yet.
I can be patient.
Could these be T trades? One of my other stocks, PC*G, has been having after hour trades go through in the hundreds of thousands of shares, even below the bid. It's been going on for about 2 weeks.
I think this has turned into a matter of patience. It was stated that ST had 35 calendar days to clean this up. They may take the full 35, which would put us around February 24th, I believe. Who knows when they will start making their move. Seems like one of the most difficult things to do in investing is waiting...
And if the issue with UBS has been covered, then why were they named in the lawsuit?
Is that 35 trading days? Thanks!!
Thanks for posting that info, Britpack. That is extrememly interesting. I would think since ST sued the MM's, they should have no sympathy toward ST in taking the steps required to make them cover. Interesting that ST tried to place blame on someone else for their mistake. So, I guess this was their strategy, plead ignorance, and claim that they were taken advantage of.
As we all know, the market can be cruel. If that were me, they would have already liquidated my account to cover to get their money.
19 Million short. Covering that should drive the price up nicely. This sounds like what Favata may have been alluding to in his most recent posts.
Thanks, LB
I too, actually view this as a positive. I find it suprising that the pps has not responded positively to the information yesterday. Getting the house in order. Patience will pay off here. Financials being brought up to date could be released any day...
I can see it going up quickly, such as it did in early December. I would not be suprised to see some selling like you mentioned, but I think it also depends on how this ST debacle plays out. Until the ST and Zecco customers accounts are released to trade GBOE normally, I think the potential is hard to calculate.
Until we have a better handle on that, I do not see much selling.
Whoa! 2,670 shares, and the ask goes to .40?!? If Favata is right, and I tend to believe he is, this could go crazy quickly.
Thank you! Even though it is unverifiable, it's something to keep us hangin on during these red days...
Didn't someone post a message a few days ago regarding an email he received from Mitch stating they are working on filings and they should be out soon, or was I imagining??
Someone just sold about $ 43 worth of stock. Must be planning a big date and needed some spending $. Are you kidding me?
This has been going on for a month and a half. Something is definitely up, or they would not be taking such actions. It tells me they are in scramble mode and cannot come up with a solution to their liking.
Tom, thanks for the response. Best of luck with your accounts. Sounds like you have a plan.
I want to thank you as well for sharing. ST should have to clean up their mess, just as we would if we sold something short. I guarantee you, they would have already sold assets to get their money from an individual.
By the way, I assume ST and Zecco clients still cannot buy
GBOE, and some accounts are totally frozen, correct?
I agree as well, I see that as different from the company diluting for cash generation. Also, true it was only one poster, but it was a bunch of posts, and he was really adament.
Have a good day.
That is what I thought as well. No real suprises as far as the means of generating financing. I thought it was interesting that they stated that they intend on closing the Collins and Magna deals by end of 2Q, especially since the Magna deal was supposed to be dead per some of the past postings.
Finally moved the bid...
I am with Fidelity, and mine shows a closing price of $ 0.315. Best I could tell, traded flat at $ 0.33 all day, until 500 shares went through at $ 0.315 not long before the close.
Best of luck with that! You definitely deserve an explanation and hopefully some reparations.
Thanks Paula. Just trying to be patient here.
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