- LEGAL COUNSEL & ECONOMIST
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Both, as my last post already explained. Make money in trading LYJN, not aggravation in squawking about it.
No. I order ATTD product online.
I've not heard of that brand.
Perhaps some did not want to wait? (Which the news said we would have to do.)
Drinking ATTD's Phase III® in Granite Bay here!!!
Muscle Milk tastes like powdered milk compared to ATTD's Phase III® because there is no milk at all in Muscle Milk (says so right on the bottle)! Phase III® kicks ass... being chock full of real, creamy, lowfat, protein-enriched milk!!!
My kids love Attitude Drinks Inc.'s chocolate Phase III®, while my wife and I prefer the vanilla. I believe our family has, so far, consumed about 175 bottles of the vanilla and 100 bottles of the chocolate Phase III® in the past four-five months. I expect those numbers to double over the next six months or so. ATTD... for the win!!!
DNYS needs serious investor relations improvements and potential investor awarness efforts. This stock should trade far above these tank-ass levels!
EVEN TRADE-FOR-TRADE STOCKS LIKE ATTD HAVE CENTRALIZED CLEARANCE...
The days of broker to broker, high-fee trading ended almost two years ago. Trade-for-trade transactions involving stocks like ATTD are now almost exclusively funneled through the DTCC. Indeed, even clear back in May of 2010 about 70% of all trade-for-trade transactions (such as those now involving ATTD) were streamlined and handled quite efficiently by the DTCC, even if not via CUSIP.
DTCC BEGINS AGGREGATING BROKER-TO-BROKER TRADE-FOR-TRADE OBLIGATIONS TO REDUCE COSTS AND ENHANCE EFFICIENCIES FOR THE INDUSTRY
Service Reduces the Number of Trade-for-Trade Transactions Requiring Financial Settlement
New York, June 3, 2010 –The Depository Trust & Clearing Corporation (DTCC) has begun aggregating each side of certain broker-to-broker equities transactions that settle outside its systems into one receive and one deliver order to eliminate the need for financial firms to manually settle multiple transactions each day.
Through DTCC's clearing agency subsidiary, National Securities Clearing Corporation (NSCC) aggregates only those broker-to-broker "trade-for-trade" transactions that are executed between the same trading parties and in the same security. In addition, only transactions that NSCC designates to settle on a trade-for-trade basis are eligible for aggregation. NSCC typically designates these broker-to-broker transactions to settle trade-for-trade if they involve securities that have been chilled or globally locked for operational, risk management, or regulatory or compliance reasons.
For the week of May 17, [2010] the NSCC successfully aggregated 67% of the 64,650 trade-for-trade transactions in its systems, reducing the number of trades requiring financial settlement to 20,834.
"While trade-for-trade transactions represent a small percentage of overall equity trading volume, they inject unnecessary inefficiencies into the system because each trade has to be manually settled," said Susan Cosgrove, DTCC managing director, Clearance and Settlement/ Equities. "By aggregating these trades, we are able to reduce the total number of transactions that need to be settled each day, which helps our members reduce their own internal costs."
How the Service Works
As [trade-for-trade] transactions flow from the exchanges and trading venues into NSCC's trade capture system each day, buy and sell orders between broker counterparties in a given security that are designated by the clearing corporation to settle trade-for-trade are aggregated into a single receive and a single deliver order. However, as is currently the case with trade-for-trade transactions, the aggregated obligations are not netted against each other and are not guaranteed by NSCC.
Here's an example of how the service works: if Broker A had fifteen buys against Broker B in Security X, these items would be aggregated into one receive obligation for A and one deliver obligation for B for the total amount of shares for the 15 transactions in Security X. If Broker A also had 20 sells with Broker B on that same day for the same security, those items would also be aggregated into one deliver obligation for A and one receive obligation for B. In this example, A and B would each have two settlement obligations with the other for Security X rather than the 35 obligations they would each have without aggregation.
"Trade-for-trade aggregation further extends DTCC's ability to leverage its core capabilities to develop solutions that automate securities processing and help reduce costs for financial firms while protecting the safety and soundness of the financial markets," said Cosgrove.
About DTCC
DTCC, through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for more than 3.6 million securities issues from the United States and 121 other countries and territories, valued at US$33.9 trillion. In 2009, DTCC settled nearly US$1.48 quadrillion in securities transactions. DTCC has operating facilities and data centers in multiple locations in the United States and overseas.
Trade-for-trade status is, therefore, a non-issue unless some assbackwards brokerage house fails to use the above clearance service.
Again... PROOF IS NOT THE JANUARY 6TH TRADE-FOR-TRADE LIST DISCUSSED HERETOFORE RE ATTD!!!
Note that a "GLOBAL LOCK" is something entirely different. ATTD IS NOT ON THE DTCC CHILL LIST BECAUSE A PREREQUISTE OF THAT INFAMOUS LIST REQUIRES THE DTCC TO GLOBALLY LOCK A COMPANY. DTCC DID NOT GLOBALLY LOCK ATTD!!! ATTD is on the transfer-for-transfer list; that's all.
May that trade-for-trade placement have some sort of minor "chilling" effect on the trading of ATTD? Yes, it might. Nevertheless, a "chilling" effect is NOT the same as being banished to the dreaded DTCC CHILL LIST .
INDEED, apparently the message falls on deaf ears though. Zecco WILL allow ATTD buys, and Zecco clears through Penson. Period. End of paragraph.
AND PROOF IS NOT THE TRADE-FOR-TRADE LIST DISCUSSED HERETOFORE RE ATTD!!! Note that a "GLOBAL LOCK" is something entirely different. ATTD IS NOT ON THE DTCC CHILL LIST BECAUSE A PREREQUISTE OF THAT INFAMOUS LIST REQUIRES THE DTCC TO GLOBALLY LOCK A COMPANY. DTCC DID NOT GLOBALLY LOCK ATTD!!! ATTD is on the transfer-for-transfer list; that's all.
May that have some sort of minor "chilling" effect on the trading of ATTD? Yes, it might. Nevertheless, a "chilling" effect is NOT the same as being banished to the dreaded DTCC CHILL LIST .
Where Zecco clears through Penson, and where Zecco confirmed today that it can and will clear ATTD through Penson without issue, then the allegations that all brokerage houses using Penson cannot effectuate ATTD stock buys inherently prove both bitterly inaccurate and wildly misleading.
Indeed, the underlying problem is systemic - an intrinsic bias by the SEC and DTCC against microcaps - a bias that applies to well over 300 OTC or Pink Sheet stocks (many of which addressed this same issue on their iHub boards today).
TRUTH WILL OUT! -Mr. Weasly
THIS IS YET ANOTHER KEY TRUTH & FACT underlying the situations with the DTCC, ATTD, T.D. Ameritrade, and (perhaps) other minor brokerages.
[T]he SEC and DTCC could [not] care less about us penny stock gamblers; they wish we would all go away.
So all this garbage about PENSON not permitting ATTD buys is a bunch of bullshit it would appear.
That is the hard-rock, bottom, bare truth of this silly situation with T.D. Ameritrade, ATTD, and (possibly) other minor players (e.g., tiny brokerage houses). The DTCC targeted and attacked ATTD unfairly and without requisite probable cause.
[I]t really boils down to unfair practices by DTCC.
Your claims regarding the DTCC CHILL LIST and ATTD prove inaccurate and misleading. See, e.g., http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72469439 .
The ONLY major or primary brokerage to react to the January 6, 2012 trade-for-trade DTCC action (not a chill list action by the way) regarding ATTD is T.D. Ameritrade, which not only disdains penny stock trading but recently received several calls from purported "investors" spewing all manner of vile about ATTD. Thus, TDA just yesterday put a hold on ATTD buys until it can verify or disprove the rumors. This is standard protocol for T.D. Ameritrade regarding all microcap stocks, not just ATTD.
See also: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72469439 .
NO DOUBT!! A "LOCK" is something entirely different. ATTD IS NOT ON THE DTCC CHILL LIST BECAUSE A PREREQUISTE OF THAT INFAMOUS LIST REQUIRES THE DTCC TO GLOBALLY LOCK A COMPANY. DTCC DID NOT GLOBALLY LOCK ATTD!!! ATTD is on the transfer for transfer list; that's all.
The ONLY major or "name-brand" brokerage to react to this January 6, 2012 trade-for-trade DTCC action is T.D. Ameritrade, which not only disdains penny stock trading but recently received several calls from purported "investors" spewing all manner of vile about ATTD. Thus, TDA just yesterday put a hold on ATTD buys until it can verify or disprove the rumors. This is standard protocol for T.D. Ameritrade regarding all microcap stocks, not just ATTD.
Stall? ATTD is holding hard support PPS levels in wait for further news, etc. It's doing quite well and appears right on target.
LOL... not likely. So far, not so good.
So did I. The lack of a run at this point is most odd.
Deadly slow RFMK trading volume over the past couple of hours. WTH?
No, it's normal shenanigans run on stocks like ATTD, among many others.
First you complain of a lack of a PR, then you attack the PR when provided. WTH? Perhaps RFMK isn't your cup of tea?
Agreed. Nicely stated and accurate.
Wrong, plenty of [such] stocks have done well, and the vast majority of brokers don't restrict trading. If you don't like the stock move on.
The damn penny-stock-hating DTCC recently placed OVER 300 microcaps stocks on its silly trade-for-trade list. While that is NOT the official DTCC CHILL LIST, it is enough for penny-stock-hating brokerages like T.D. Ameritrade to use it as an excuse to halt buys on all 300+ such penny stocks. It's truly an asinine travesty for the entire OTC, not just RFMK.
CRUCIAL NEWS FROM VCRT EXECUTIVE...
Dear Mr. Rustler:
Please excuse my delay in writing back to you. As you can imagine, I am very very busy at the moment. Vicor has crashed on the rocks under the guidance of David Fater, CEO. In July the Board began a process of replacing him without jeopardizing the company further. He has more or less been blackmailing us constantly by his devious control of all of the paperwork and SEC reporting documents and so forth. The transition is now almost complete and I, as Interim Chairman and CEO, am trying to gather the reins and redirect Vicor into profitability.
The major failure of David Fater was his inexperience and arrogance in sales of a new medical technology. By the time the Board got the complete story from him about his sales model and what he was doing, it was almost too late--- the crash on the rocks had already begun! Today, after 6 months of the Board trying to raise capital with a large debt load (first described by Fater as being $3-million), we find finally that the real debt is more like $11-million and that that is why any capital resource has always shyed away from putting money into a sinking ship.
We now have a new plan that, with only a small amount of capital, will enable Vicor to restart sales and earn its way out of this mess. We are working with our largest shareholder and debt-holder on just how to do this. We have a new plan in mind that we believe will work, but it is contingent upon shareholders and debtholders working with us and waiting for new results. We already have several new things to announce, but first we must get right with the SEC reporting, the auditors, and some of the larger debtholders before we can begin.
Please be patient with us. We will soon publically announce our new plans along with some good news that I am not at liberty to disclose in private. Your query is not singular on your part, but be assurred we will soon make the public announcements and all be on the same page. Please give us another few days/weeks to do this - we are all very busy and working hard for you, the shareholders.
Sincerely yours,
James E Skinner, PhD
Founder, Interim Chairman and CEO
Vicor Technologies, Inc.
399 Autumn Drive
Bangor, PA 18013
Phone: 570-897-5797
Cell: 610-216-9800
Email: jskinner@vicortech.com
Website: www.vicortech.com
T.D. Ameritrade hates penny stock trading; the brokerage has put buy holds on many, many OTC stocks of late, including RFMK.
RFMK looks likes its moving upward again!
No. TDA people can still sell ATTD. Even then, TDA traders make up only a tiny percentage of those who hold and purchase ATTD stock. Thus, TDA's asshattery should have little effect on ATTD's trading liquidity.
I agree... something HUGE is likely in the works if an NDA is in place!!! Exciting!!!
The DTCC "pseudo-chill" went into affect on January 6, 2012 when ATTD went to the trade-for-trade list. T.D. Ameritrade just now added restrictions to buying ATTD due to a bunch of asshats that recenly called and reported a load of bullshit about ATTD, which worried TDA enough - in combination with the July 6, 2012 "chill" of ATTD moving to trade-for-trade - to incite TDA to pull its hair-penny-stock-trigger on ATTD. Damn silly to me; T.D. Ameritrade disdains penny trading though. So it is what it is.
T.D. AMERITRADE
"Definition of 'Non-Disclosure Agreement - NDA' - A legal contract between two or more parties that signifies a confidential relationship exists between the parties involved. The confidential relationship often will refer to information that is to be shared between the parties but should not be made available to the general public."
See, e.g., http://www.investopedia.com/terms/n/nda.asp#ixzz1nEV6DCGP
Of the major online brokerages, I'm quite certain one will find that only the penny-stock-hating T.D. Ameritrade has any buy restrictions on ATTD. T.D. Ameritrade sucks.
"NDAs arise when two companies are about to do business together. The parties are often restricted from releasing information regarding any business processes of the counter-party that are integral to the company's operations. NDAs also may arise between an employer and employee. If the employee will have access to sensitive information about the company they may be asked to sign a NDA when they are hired. This will provide an incentive to the employee not to release this sensitive information and avoid a costly legal headache."
See, e.g., http://www.investopedia.com/terms/n/nda.asp#ixzz1nEOZQCNV .