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I have E*trade...
GVRP shows in my portfolio at .0002
When I try to sell it, I get This symbol is not recognized. Please make sure that you have entered the symbol correctly. If you are unsure of the symbol, try our Symbol Search
When I try to use MAMG, I get Please check the symbol you have entered for this order. We did not find this security in your account for the closing order as placed.
So as usual, no clue...<lol>
Dave
Love the board SA...
In your next lesson, can you use CESV (In at $9.82 here) for RSI & Money flow????
So anything under 3,000,000 shares = 1 share???
Yippie...Don't think i've ever owned 1 share of a company before.
Am I rich yet?
Dave
Still stuck at the 1.05 wall...
See anything interesting either way on this run?
Come on BRVO...Print $1, will ya !!!!!!!
Anyone got a chart?
Appreciate it !
Dave
ok - I need a POP...
Make it a good, stiff, HARD one !!!
I'm looking for a rolling rally here at MWAV over the next week, culminating in a pop. A very easy play with trading ops along the way.
lance- Whats your opinion on BRVO here at $1 ???
SB-2 gonna take it down with the "Shorts"
Or
Short busting over $1.25...
Gun to your head...
Thanks,
Dave
In MWAV at a buck...
Lets rock!!!
Anyone wanna post & tell me if thats a BAD IDEA????
<lol>
Dave
Just study the GVRP saga on how to R/S & screw POS shareholders...Lemonadestand is to much work lol>
Of course GVRP isn't over yet !
Dave
I remember that one...
Still around? (PABN)
Get back to work...
Find us a $.50 cent stock for a 5 bagger, will YA!!!
$100 per day (Ican) keep's work away???
E*Trade still has this for online sell error message...
Electronic Trading in this security has been temporarily disabled due to pending corporate action. Please call customer service for any additional information.
Orders for this security cannot be accepted online at this time. Please contact Customer Service at 1-800-786-2575 for assistance with placing this order.
Maybe he heard ya !!! <lol>
.0003 prints?
Who knows...I know nothing
Supposed to trade coming monday...We'll see !
NTN again if it doesn't meet the smell test
GVRP - for week 3
IF that's not allowed...
NTN - 3rd weeks a charm!!!
Dave
Sorry... QOIL should win.
SFTV didn't due $50k in volume every day
Qoil - 1st day it doesn't do $50k in volume...Its out of contention.
Rules are rules..what are you trying to pull, another GVRP? <lol>
congrats dude...I'm happy for you...
However, I don't quite understand this statement...
How can they be short, if they have 414 billion shares to issue through the TA?
i think the people who do not have the shares is because the market maker of your transaction sold you short shares in the first place, they must cover first in the open market to deliver them to you, then you will recieve them,
Just sent a message off to WFAN/IMUS radio...
He has Ron Insana & Bo Deidle on all the time...
Maybe he can sick BO on the SEC !!!
Wallstreet is technically in NY, so can someone E-mail Hillary..Good fight against BUSH"s privatization of SS, especially if the SEC can't/won't enforce the rules??
Lots of energy to fight this...
Who's up for it?
Just though of something...
What if we all call in our certs...
Then we transfer them to one account at OCS....
won't we reverse split and then own 1/11 of the company?
Am I going mad here?
I agree with you all...
Just the messenger...
We need some big wigs to step-up...I vote Janice/SSP/Jim & Scordo (OCS) get on the case... hatemm's also - he foots the bill !!!
Lets go !!!! This has to be stopped.
We want answers on our desk in the AM !!! <lol>
Dave
Same thing a broker friend of mine said...
http://www.investorshub.com/boards/read_msg.asp?message_id=6751403
Dave - Can the company do that? Inject 414 Billion shares without shareholder approval, proxies, registration, etc???
"Dan" - well, looks like they are covering up for their failed F/S
Dave - Yeah, but can the company do that? I mean - I know people that own way more than 10% of the company, and they never agree'd to any of this resolution.
"Dan" - Management can do whatever they want to save their company... Yes they can do this...
Think like a 7 yr old...
60 seconds in a minute...
60+60+60=180 (3 minutes)
Thats half way there...
180 + 180 = 360 seconds...
Were'd he get his smarts from....MOM?
Dave
In NTN here on above average volume & holding the $1.70's bottom resistance...
This might also help
NTN Communications Named to Preliminary Membership List of the New Russell Microcap Index
June 14, 2005 09:15:35 (ET)
CARLSBAD, Calif., June 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- NTN Communications, Inc. (NTN, Trade), a leader in interactive communications and entertainment products for the home and for the hospitality industry, announced today it is listed on the initial preliminary membership list of the new Russell Microcap(TM) Index as of June 10, 2005. Russell Investment Group's final reconstitution of its family of U.S. indexes will be calculated on June 24. Russell recently posted its initial preliminary membership list at www.russell.com/US/Indexes.
The Russell Microcap Index, which will be comprised of the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next 1,000 companies, is based on a ranking of all U.S. equities by market capitalization. This new index offers managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
Companies slated for the Russell Microcap were ranked as of May 31 by total market capitalization and weighted based on free-float adjustment, an integral aspect of Russell index methodology. Free-float adjustment means stocks are weighted by their available market capitalization which is calculated by multiplying the primary closing price by the available shares. The final index will be calculated on June 24. To determine if the Company makes the final index, go to www.russell.com on or after July 1st. For a description of Russell's selection process, please see www.russell.com.
About NTN Communications
Based in Carlsbad, CA, NTN Communications, Inc. is the parent corporation of the NTN Hospitality Technologies(TM) segment and Buzztime Entertainment, Inc., a subsidiary. The NTN Hospitality Technologies segment, which focuses on the out-of-home hospitality industries, is comprised of the NTN interactive Television (iTV) Network, NTN Wireless Communications, Inc., and NTN Software Solutions, Inc. Buzztime Entertainment, Inc. produces Buzztime(R), the interactive trivia channel, and live sports prediction games such as QB1(R) from its live interactive broadcast studio. Buzztime's partners include: Scientific-Atlanta, Inc., Media General, Inc., Comcast Cable, Airborne Entertainment and the National Football League. For more information, please see www.ntn.com.
About Russell
Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo.
CONTACT:
James Frakes
Chief Financial Officer
NTN Communications, Inc.
(888) 752-9686 x 1263
James.Frakes@ntn.com
SOURCE NTN Communications, Inc.
James Frakes, Chief Financial Officer of NTN Communications, Inc., +1-888-752-9686,
ext. 1263, James.Frakes@ntn.com
yeah but....
Apples to Oranges, no?
CMKX has people that believe there is a huge short...
GVRP has people that know there is unless the company is allowed to issue 414B shares.... If that is what you are recieving...your shares are worthless, IMHO...
But what do I know???
Dave
Just curious (and serious)...
Who do you expect to want to buy your shares?
So hopefully I can start to place trades starting tomorrow (or whenever they reopen the stock).
How does this help???
Won't E*Trade just say, ok....Here's your 1,500,000,000 shares?
OK - I have 412,500,0000,000 left...
Who needs some???
Did I forget to carry the one?
Dave
It would seem to me that you have to start by demanding settlement of the trade(s).
You know its funny...
I have called mostly everyone I know "In the business" and it really is amazing, how some people really do not know as much as they should regarding the stock market.
I think my broker friend is wrong also, but hey...What do I know...I think I still have some AZNT certs around here somewhere
http://www.investorshub.com/boards/read_msg.asp?message_id=6751403
Yeah? I think he's wrong about that.
OMG, we agree on something???
LOL - Where's Dobry
Hope all is well
Dave
MY point is...
IMHO - I do not think the 414B shares were attached to the 138,000 shares they sold....
If it went down, like it was supposed to, there would have only been 33 million issued....
I don't care what LAWYERS say <lol>
I did...
Your point?
NO THEY ARE NOT!!!!
414 billion new shares it plans to issue because these
shares "are attached to the 138,000" free trading shares sold into the market which themselves were exempt from registration requirement.
I'm in...
Can we make it a sexy shell..
Pretty colors & all...
One that like sports, partying, and good ole classic music?
I have GVRP certs to use for my part of the buy in !!!!
I will make a call to NV and get us a shell
Not sure if this is pertinent, but...
Pinksheets is going down to 6 decimals on their intera-day chart on GVRP...
.000086- .000126 ?
http://www.pinksheets.com/quote/chart.jsp?symbol=GVRP&duration=2-6-A-0-0-009301600
Hey - Stop screwing around, and get to work !!! <j/k>
In all seriousness...
Ken/Matt - I'm sure you guys have been following the GVRP saga...
Thoughts? From a "Brokerage" point of view...
TIA,
Dave
Gonna hit Yosemite at all?
Not if you have been following the GVRP saga...Looks like in the darkness down here in the pinkies...Co's can just issue as many shares as they'd like, to "Help" out those short...
Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to Remedy the Liquidity Problem in the Public Market for its Common Stock
June 21, 2005 16:27:01 (ET)
WEST PALM BEACH, Fla., Jun 21, 2005 (BUSINESS WIRE) -- Gluv Corp. (Pink Sheets:GVRP) announced today that its shareholders had adopted a corporate restructuring plan that would inject more than 414 billion shares of common stock into the market on a short term basis, thereby permitting the settlement of the trading in billions of its shares that took place while only 33 million shares of its common stock were actually outstanding.
Since I value the opinions on THIS board...
What do you guys think of the GVRP release from yesterday?
Any short covering play here?
Or is it dilution by the Billions?
TIA,
Dave
Related Quotes
Sym. Price Chg.
GVRP Trade
News 0.0001 0
Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to Remedy the Liquidity Problem in the Public Market for its Common Stock
June 21, 2005 16:27:01 (ET)
WEST PALM BEACH, Fla., Jun 21, 2005 (BUSINESS WIRE) -- Gluv Corp. (Pink Sheets:GVRP) announced today that its shareholders had adopted a corporate restructuring plan that would inject more than 414 billion shares of common stock into the market on a short term basis, thereby permitting the settlement of the trading in billions of its shares that took place while only 33 million shares of its common stock were actually outstanding.
On May 3, 2005, the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005 with respect to each of the 11 shares of its common stock that were outstanding on May 13, 2005. Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares on the May 20 payment date of the stock dividend. The company immediately undertook to publicly alert the market about its concerns regarding the excessive number of shares being traded in the market by issuing a press release on May 22, 2005. The company further notified certain securities firms and market makers trading the company's stock of its concerns prior to the market's opening on May 23, 2005. When those efforts failed to prevent the massive trading that continued to take place in the market, the company asked the NASD to help it to straighten out the confusion that had arisen with regard to the correct number of shares that were supposed to be outstanding, and it alerted the SEC with regard to the situation. After a series of communications between the company and each of the SEC and the NASD, and also between the SEC and the NASD, the SEC issued an order halting trading in the company's common stock on May 27, 2005. That trading halt ended at 11:59 PM on June 10, 2005.
Since the trading halt came to an end, the company has been working to fashion a solution that would, at the same time, inject into the market on a short term basis the billions of shares that the parties who bought and sold the company's shares mistakenly believed would be available to them for settlement of their trades, and eliminate all confusion about the number of shares that the company actually has outstanding.
In order to accomplish those goals, the company asked for, and received permission from, its shareholders to implement a restructuring plan consisting of the following elements:
-- the company's authorized share capital has been increased to
more than nine trillion shares;
-- the company now is authorized to issue two classes of common
stock -
-- Class A common stock which is identical to the common stock
that is presently outstanding, and
-- Class B common stock which provides for 125,000 votes per
share;
-- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;
-- all of the other shareholders of the company and the former
shareholders of DigiKidz Holdings, Inc. which merged into the
company last month (who hold a total of 30 million shares and
the right to receive approximately 44 million shares,
respectively) have accepted an offer from the company to
exchange their shares of common stock and their rights to
receive shares of common stock for an equal number of shares
of Class B common stock
-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that
-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,
-- all Class A and Class B common stock will be converted
into common stock having one vote per share and
-- the total number of shares that the company will be
authorized to issue will be reduced to 150 million shares
consisting of 100 million common shares (of which
approximately 77 million shares will be outstanding), and
50 million preferred shares issuable in one or more series
(none of which will be outstanding).
Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "We have worked very hard to craft a solution to the market liquidity problem that will permit all participants to settle the transactions in which they engaged. We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."
SOURCE: Gluv Corp.
Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com
Copyright Business Wire 2005
Would you have sold if you had them?
Eturd may end up costing me $690K by not delivering the shares that monday like ameritrade did
Just spoke to a broken friend of mine...
Dave - "Dan" - Hey its Dave....
"Dan" - Whats up man?....
Dave - Nothing, you in front of your computer?
"Dan" - Yeah, whatcha got?
Dave - GVRP - pull it up
"Dan" - Can't find it, whats the symbol?
Dave - Try GVRP.PK
"Dan" - LOL - you kill me with the pinkies !!! Ok - Got it...
Dave - Can the company do that? Inject 414 Billion shares without shareholder approval, proxies, registration, etc???
"Dan" - Hang on, lemme read this...
Small talk....
"Dan" - ok, my head hurts....Where do you find this $hit?
Dave - LOL - doesn't matter does it... I have my connections
"Dan" - well, looks like they are covering up for their failed F/S
Dave - Yeah, but can the company do that? I mean - I know people that own way more than 10% of the company, and they never agree'd to any of this resolution.
"Dan" - Management can do whatever they want to save their company... Yes they can do this
Dave - Dude, that sucks....
"Dan" - Yup...I do have a good mutual fund paying around 12%, interested?
Dave - NO! I want my GVRP short covering to happen
"Dan" - Good luck - LOL
Dave - Been skating at all?.....
PS - I did during the conversation give IHUB a shout out, and mentioned the sharp people on THIS board...