No doubt, I am curious as to liquidity going forward, it doesn't appear to doing them any good for these recent suspensions that resumed recently.

Yeah I didn't see that resumption but the rest do not have one. Odd they didn't keep that one DTCC suspended.

MM signals...lol... hello 80s are calling, they want there signaling back.... shorting this pile of shit ain't happening, no short interest and no FTD, so no shorting going on.

Baseless and useless information....lol MM signals ... ba ha ha ha ha ha ha ha ha

Hey remember when this stock had a 950M AS and in less than a year and 4 raises later it was 30 Billion shares... good times.... lol

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=107198391

Why would American Media pick up a story about South African business men some of which were banned from UK markets, and their scheme of bullshit business scams run on pinksheet securities? Its an everyday occurrence on hundreds of tickers.

Hey remember when the TV station filed that report on the Adult Arcades being pumped here as "casinos"...lol... I believe someone tried to say that was fake and hit piece back then as well....lol... Meanwhile the attorney representing those two arcades clearly states they were insolvent businesses and going under, but hey Lumb got to sell billions of shares on the bullshit story as well.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=105312129

The news story:

https://www.nbcmiami.com/news/local/owners-say-cash-changing-hands-amid-casino-style-games-is-not-illegal/107226/

Well it is not "listed", its just on that tier and no it doesnt cost the company anything. In fact some of the garbage do not have a company at all, they are just tickers.

The SEC doesnt approve how the public company OTC Market operates its business model as to its "tier" designations. The OTC Markets isnt a regulator, however the Expert Market certainly does circumvent the whole point of having a Form 211. Not sure what to expect in June, it might be the largest tier.

Granted I am not trying to say OTC Markets is doing something right, but they are still carrying the CE designation on these as well despite movement to the Expert Market. This is important, some of the brokers no longer allow trading in CE securities, only sells will be allowed.

So eventually the liquidity will dry up to nothing.

But I agree the Expert Market is a complete work around of the Form 211 and it is a disgrace for them to promote the lack of transparency for dollar volume.

In some cases I dont think its going to matter much, as the DTCC is also suspending services along with these SEC suspensions. The limited liquidity is likely temporary and will eventually become completely illiquid for these stock.

https://www.dtcc.com/-/media/Files/pdf/2021/2/11/14685-21.pdf

https://www.dtcc.com/-/media/Files/pdf/2021/2/26/14751-21.pdf

https://www.dtcc.com/-/media/Files/pdf/2021/2/19/14726-21.pdf

https://www.dtcc.com/-/media/Files/pdf/2021/2/23/14735-21.pdf

https://www.dtcc.com/-/media/Files/pdf/2021/2/24/14738-21.pdf

Yes clearly documented DEBT and DILUTION... lol

Where does it say No Dilution and No Debt? They have tons of debt and they diluted the shares structure by increasing the OS.

They dont have "financials", they have disclosures, big difference, and you are right by law they should have a Share Structure that supports on a fully diluted basis, but GNCP doesnt follow the law, the 40 Billion AS is not based upon a fully diluted basis of series A through X shares.

So unfortunately they will impact the disclosures, the last conversion of preferred has nearly maxed out the share structure, and yet they are hundreds of yet to be converted Series A - X shares.... lol


Due Diligence.. read the disclosures.. TRILLIONS of shares

Uhh that is DILUTION by the very definition of the word DILUTION, increasing the OS is DILUTION.

There isnt "qualifiers" to the term dilution.

Uhhh that is dilution, when the OS increased...lol...

Accuracy, claiming that the shares are part of reorganization is FALSE. There is zero corporate action occurring, the shares were destroyed 4 years ago and those are the facts.

It should drop, the technology allows it currently, but with that comes the other side having enough capital on hand, either plus it up or don't lend out as much. A daily accounting process should be adopted and the brokers and clearing houses need to adapt.

The downside is, you will have more volatility as the amateur traders move in and out at a higher frequency. It really becomes gambling and no longer investment.

Ehhhh CNS is pretty accurate but yeah day to day accounting until settlement is always a moving target.

Yes, just because someone hasn't sold them into the market doesn't mean they are not tradable. Unrestricted shares are for sale, you just don't know when they will be sold. When you read the Float is 10,000,000 shares on X date, that is already stale informatio, as it has likely changed if there were unrestricted shares..

No as there is the Float + Unrestricted shares in the OS + RESTRICTED shares in the OS. Also there are transient issues of daily in and out, something learned as well and will likely lead to a change, daily position reporting as opposed to Bi Monthly reporting.

Complete and utter bullshit...lol...

Because it wasn't the DTCC it was his broker, as you stated your broker still has the shares just as Etrade still has the shares. TDA PREMed the shares in 2017. Etrade was supposed to last year but was delayed due to COVID.

You mean your broker told you a mandatory organization as the DTCC did not send you anything. They were PREMed as they were done across the board years ago. You have no shares as TF Ameritrde destroyed their certificate. All shareholder who had FFGO shares at TFA were PREMed.

Enjoy!

No, as the Float doesn't represent all issued shares. Do I agree with it, nope, it should never exceed the Float. But I don't write the rules, however considering they are looking at curbing options risk exposure the same may likely occur with short interest.

Yet none of those apply to FFGO,

Here is an examples of such a "reorganization" notice from the DTCC, take note, old CUSIP, New CUSIP, Expiration date.. etc..

https://www.dtcc.com/-/media/Files/pdf/2021/2/12/14681-21.pdf

It is up to that broker as to when they will request their physical certificate to be destroyed, they are the ones paying the maintenance fees on the certificate to be maintained at Cede & Co.

Etrade tried to last year but due to COVID could not do so as it require people to physically observe and shred the certificates.

Typically the broker does them in bulk batches, hundreds at a time.

Was the letter from the DTCC?

If the ANSWER IS NO, then you have located the problem.

The FACTS are:

1. FFGO was PREMed by brokers
2. There is no FINRA Daily List for FFGO for a reorganization
3. There are no old or new CUSIPS
4. There isnt a DTCC notification announcing the Reorganization
5. The shares were removed from brokerage accounts
6. IT HAS BEEN YEARS

Enjoy!

Maybe read the whole thing to understand what it concerns... OPTIONS, there are no options here and it has nothing to with NSS or shorting for that matter... just OPTIONS:

Your letter is from your broker, NOT THE DTCC.

Dont care who was CCed on the email.

You dont have shares and its been that way for years now, case closed, there isnt a reorganization, you were PREMed.


Ba ha ha ha ha ha ha ha ha

That letter is from your broker, not the DTCC and your broker misinformed you, it happens. The stock was removed from your account as a worthless security under PREMs. You sent them a letter implying that shares were sold and they answered back with a bullshit answer.

The DTCC never sent you anything, which is even more hilarious now, your broker did.... lol

Show us the Daily FINRA report record for the supposed reorganization that also provides the old CUSIP and new CUSIP, there isnt one, the FACTS are, your broker responded with incorrect information, not the DTCC and the DTCC has never sent out a statement of "reorganization"... enjoy!


Ba ha ha ha ha ha ha ha ha

Why? No such thing and once again complete misinformation.

Besides not a share short here not a single FTD here, those are the facts.

Correct and the FTD reports prove this out, just options and actual short positions taken.

Nope, what it really does is reduce risk by performing a daily accounting as opposed to waiting for the end of the period, they avoid a pile up of exposure. The amusing thing is, it has nothing to with OTC securities, there are no "Options" in this market. The fact that it is being touted as Naked Shorting is even more hilarious.

Here are the FACTS, the whole GME circus revealed a big problem with options and actual short positions taken, there were brokers that were at significant risk financially of not being able to back positions held by their customers.

What is even more amusing is that the morons that try to tout GME as proof of Naked Short Selling and a perfect example of a squeeze have never done a shred of due diligence in the matter. The stock was shorted normally, the Bi-Monthly Short Interest reports for a over a year were in excess of 100% of the public Float. The shorts were right there for everyone to see, nothing was hidden, that is why it was targeted, a rogue broker took advantage of social media and raised a mob to buy the stock up forcing the shorts to buy-in. Slap in the options mess and well it overwhelmed the system.

What the morons should be more concerned with is that when the SEC now suspends these OTC turds they have apparently brought the DTCC back in to Globally Lock the security

https://www.dtcc.com/-/media/Files/pdf/2021/2/26/14751-21.pdf

A physical certificate must be on file at Cede & Co. in order to trade, that certificate is maintained between the Transfer Agent and the DTCC, each broker holds shares in street name based upon electronic accounting services provided by CNS. When a registered agent is missing for 6 years the DTCC offers up destruction of the physical certificate to allow the brokerages to stop paying a $11 a month maintenance fee. May not seem like a lot of money but when you hundreds of dead tickers it adds up to a large annual sustainment cost for absolutely no reason. Then add it up over decades and you get the point, millions of dollars wasted on dead tickers.

WHoopty dooo, yet people from other brokerages do not, Etrade was to remove them last year but due to COVID the PREM process was suspended as it requires destruction of physical share certificates held at Cede & Co., the company that performs the shredding process was not able to come in and perform the the process.

Yet there you are, no shares for years...lol... PREMs.

Actuallybit was answered, line by line, 5he company is full of shit and did not respond directly to the facts, the OS increased and the UNRESTRICTED increased, FACTS that cannot be disputed.

Funny thing, nobody was discussing increased float numbers, in fact what has been discussed was the increase in the OS to nearly maxed out to the level of the AS that occurred in January, called DILUTION.

The other number being discussed are the number for UNRESTRICTED shares that are now "FREE TRADING" as they have no restrictions, a total of now 9.7 Billion shares due to 2 large blocks added the past 2 months as per their TA.

I mean that whole PR is a joke and shows how much misleading this company does by playing with wording.

Dont care, the shares were removed from your account, like many other shareholders who were properly informed that the shares were no longer going to be held by their broker. There exist no company and hasnt for years, no registered agent, yet another reason for PREMs and there are no CUSIPS, yet another reason for PREMs.

The FACTS are there regardless of ones interpretation of mis-information from their specific broker.

No they didn't they stated no free trading shares have been sold into the market. They diluted by issuing shares increasing the OS.

Comprehend the difference and not adding a term they did not use, nowhere does it say in that PR "no dilution".

Shares were removed years ago, the company FFGO hasn't existed in years, the DTCC destroyed the shares as the brokers requested in a PREMS process. What the broker sent was mis informed, it happens.

To recap no old company, no new company, no shares and like other shareholders that were properly informed the shares were destroyed.

There was PREM and the shares were removed, whats not to understand. There shares no longer appear in your account and have in fact been removed. They haven't been there for years now because of a PREM.