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But E*Trade had a tiny dirty secret. They didn't release the funds to all his clients. They got the funds form DTCC but was not enough to pay everybody.
Why?
Extra shares, more than the ones reported by T/A.
Or the reality that made up fantasy stories with no basis or evidence are not true.
No, that is how it actually works all the time.
You know what? CRGP is called an issuer, because they issue their stock. Nobody else can, not even santa clause or Donald Trump.
COR has a judgement for millions of dollars against CRGP. PERIOD, DONE, NO IFS ANDS OR BUTS.
It is hilarious how people are now trying to say COR is guilty when they are the ones who were ripped off. It is not even debatable.
There are no Naked Shorts, only unauthorized shares._So, the effect is the same . .
Afraid you don't understand what you are talking about. The A/S number means next to nothing and has zero to do with selling short without a borrow.
I am afraid you have a profound lack of understanding of the market. There is a 100% chance that there is no problem with NSS as there are no fails to deliver.
Anyone with a basic understanding of the penny market knows this stock is a zero. The death spiral financing assures it.
Where is that JBII/PTOI price matrix? It must have made so many people rich!
As everyone is aware there is an ongoing effort to smear John Bordynuik.
You mean the guy who used his mom to ripoff his kids so he could evade registration requirements to run a pump and dump scam?
The same guy who lied time after time after time and was nailed in two countries for scamming. No wonder the stock has collapsed the company is insolvent and will be shut down soon enough....
Note holders will not sell below .255 they don't want to loose[sic] money .
Sorry but that is not how it works. It does not matter what price you get if you have already sold many/most of your shares at twice what you paid. In fact it can benefit you to dump lower to drop the VWAP so you get even more shares next round.
Uhh, actually it is just plain common sense to know that it to be true.
How come they don't just run the machines and make millions of dollars as was touted for years?
It simply was never E trade's choice. Now watch the lawsuits begin. Many have losses and damages due to THEIR funds (not Etrade's) being taken from them like a 4 year old.
Actually it was their choice to make, anyone who understands their relationship with their broker knows that. There will be no suits as there is absolutely no reason to sue for. Damages ROFLMAO, many would have sunk the divy back into this fraud and lost it all, nobody was damaged except the people who got defrauded of the money that was used to pay the divy.
How many millions of liters of fuel has PTOI produced this year?
Good thing the biggest problem is the 35% tax rate!
The same type of people who were buying at 100$, 90$, 80$, 70$, 60$, 10$, 5$, 1$, .75, .50, .30........ In other words those with no understanding of the penny market and no ability to read and understand financial statements.
I hear they are going to sell a processor soon, could be any day now. LOL
Ohh, god...... The company is GONE and on the hook for millions of dollars from a court judgement. There is nothing left and odds are you will never hear another peep from anyone.
Who is selling at this levels?
The people who have millions of dollars worth of shares coming to them at ~49% of the the 30 day VWAP. It is called death spiral financing for a reason.....
it changes constantly, you can not make a prediction and stick to it,
I have been saying the stock is going to zero for a few years now and will still say zero till it hits zero. Down 99.9% is pretty close..... Only 4.5 cents to go.
10 million shares at .0001-2 shows there is next to no interest. If you figure out the dollar volume it is nothing. As an added hint, when there is interest in a stock the price rises due to a demand. That is how markets work. Notice how the stock sits at .0001?
There is nothing to sue. If there actually was some sort of money or assets COR would already have gone after them as they were defrauded by this scam for millions of dollars and have a judgment against the company already. CRGP is deader than dead.
COR dumped during the special divi operation, but ETrade dumped unregistered and unauthorized shares. Janice is not going to like it but that's Naked Short Selling in the OTC. The pending divi amount may be even bigger than what COR paid.
Making a bunch of stuff up based off of conspiracy theories does not make for reality.
Everyone knows that except the dumbest of the dumb. The other idiots don't know why the trades are marked by the feeds as "sells" or "buys". So they explain that there are two sides to a trades...
When people talk of it,
A. they are dumb
B. they realize it is a very imperfect view of sentiment. The "buys" and "sells" are designated by the feeds by whether the trade occurred at the offfer or bid. As the initiator of the trade either wanted to buy or sell enough to trade immediately that gives some view of sentiment.
You can be sure he is talking as to B
Scammmers/wash traders use the ARCA ECN pre market for some eligible OTC securities to con folks. Pretty much nobody else uses it.
Toxic financing will be over soon
It has only just begun....
You may want to actually read the decision?
I doubt he will care about something that has nothing to do with his case. One could ask him to change the price of tea in China just as well....
There is cognitive behavioural therapy that will allow you to understand things that have been factually proven before.
Waiting for the plastic penny now!
When you sell short you are borrowing the stock from someone and then selling it. You many times will pay interest to the person lending it to you and must have at least the margin required by the Federal reserve in Reg T. (brokers can demand more but cannot allow less)
Oh yeah so somebody it putting up millions of dollars to make a thousand or two despite the short sale numbers telling the exact opposite..... Too funny!
Here is a clue, the market dictates the price based on demand, short sellers don't harm the company in fact all the research into the practice shows they make for a more efficient market. If you think the price is artificially depressed them mortgage your house and buy all you can!! You may want to figure out what toxic convertible debt is and what it does to companies before hand though as this one is loaded with it....
Here is why people claiming short sellers are bringing low penny stocks like MDBX down are either lying or ignorant of basic regulations.
http://www.investopedia.com/exam-guide/series-7/customer-accounts/managing-margin-account.asp
Maintenance margin is the threshold for keeping an active margin account once it has been established, is set according to NYSE Rule 431 and consists of these criteria:
25% of the current market value of most long securities in the account; plus
$2.50 per share or 100% of the current market value, whichever is greater, of each short stock in the account selling at less than $5.00 per share; plus
$5.00 per share or 30% of the current market value, whichever is greater, of each stock short in the account selling at or above $5.00 per share; plus
5% of the principal amount or 30% of the current market value, whichever is greater, of each short bond in the account.
Individual firms can use their discretion to raise the bar on maintenance margin even higher if they want. Reg T exempts municipal bonds, meaning the Fed makes no margin requirements, but the NYSE generally requires a 15% margin. Reg T does require a margin on government bonds of 4% to 6%, on a sliding scale - the higher the years to maturity, the higher the percentage of market value that must be in cash.
If you knew anything about the market you would know that under Reg T there is a requirement of 2.50/share minimum for short sales. Even the dumbest of the dumb realize that shorting a .06 stock when you have to put up 2.50 in margin is a complete waste of time.
There is extremely toxic financiers who get shares at 49% of the bid though so anyone buying has to be a complete idiot as there are millions of dollars in shares to be dumped at a massive discount.
As to Section 9(a)(2), that has nothing to do with it. There are numerous reasons and exemptions for a trade to go off slightly below the bid. It is far, far from a violation of that....
So in other words you don't know....
The "big attorneys" are not with them because there is zero need for them. It is a simple motion, not some complex trial.
The chances are probably around 99% that a receiver will be appointed. It is a pretty open and shut.
No, why would they? The SEC and FINRA do not approve of stock issuances unless they are SEC registrants who are registering stock then the SEC does as per this ---->
http://www.investopedia.com/terms/s/sec-form-s-1.asp
FINRA is an SRO for brokers not companies.