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Unfair how the system works, right? ...a few thousand tips to the SEC might get their attention
N00bs are the only ones who think that MMs are out to get them and hold stocks down. Experienced traders actually know how they work. MMs make money on the spread, they very rarely ever hold shares long, and don't care what price they buy or sell at…I am sure most here use a Big Big broker like Etrade or TDA, where all you do is put in an order and hit submit and it magically shows up in the market at the price picked.
"Prop Traders" enter manual routes, select market makers,hide shares. When people see down ticking, bid up ticking, etc, that is simply someone with access to a direct route trading account that allows people to select the MMs they want and what ever price points they want
Market maker manipulation is very real, but its done by traders not the market makers. Market makers are simply automated computers that are there to add liquidity to the market by buying and selling peoples shares. They don't have some "agenda" where they are trying to knock down the pps or raise it up. They don't trade the same way human traders trade.
just a few more yrs to go
very easy ...you can throw that up 100% out the window, it means squat here,...and secondly it's not a small O/S or float...its a set up and the game of bid and ask is being played by various factions in effort to move shares; no more no less
Read this...no sh$T Sherlock, Right on target explanation posted before MHYS supplemental PR ... HE STILL DOESN'T ADDRESS WHY CERTS ARE NOT IN HANDS OF ALL BROKERS YET; and that usually happens to give certain insiders the edge nomatter how you spiel it, it wasn't done for the shareholder benefit
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I don't think so ...take that to the bank
OK ...but it can also go against ya; strike one CIRC 2 Playboy 1 and PUFF - good bye
the judge could disagree with the other two
it's only $$
what it also means is... up till now...I was just about 100% correct
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we know you're comfortable ...5m shares still = no gain just - minor pain
if if if ....Taking under advisement neither leans one way or the other; absolutely happens all the time ...means judge will rule from chambers or the bench in their leisurely good time
Taking under advisement neither leans one way or the other; absolutely happens all the time ...means judge will rule from chambers or the bench in their leisurely good time
Just another reminder…..those who chase the CIRC Leprechaun – no pain, no gain - right
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just a reminder
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what's the math here? 4.5B A/S and 2B plus O/S
..I guess the next sale pitch for CIRC is "no pain no gain"
from absolute settlement to suddenly being comfortable ...I guess the next sale pitch for CIRC is "no pain no gain"
back to no bid?...can't find buyers for 2's
if if if
the bid is 1cent and it appears the certs have yet to be delivered .... shareholders are drowning in molasses
the bid is 1cent and it appears the certs have yet to be delivered .... shareholders are about to drown in molasses
why do you
maybe not
maybe maybe maybe maybe.....MAYBE NOT lol most likely NOT
[settlement at this time, that is]
that's a Loooooooooooooooooong Stretch
Well obviously Cirtran will attempt to seek dismissal of the case - it's what lawyers will do …probably asking for summary judgment on the grounds that there is no issue on which the other party could prevail
Still Notice of Motion indicates there is probably no settlement discussions as I see no Settlement Conference mentioned
Doesn't look like Playboy is giving up
Plaintiff: Playboy Enterprises International, Inc.
Defendants: Play Beverages, LLC, Cirtran Beverage Corporation and Cirtran Corporation
Case Number: 1:2013cv00826
Filed: February 1, 2013
Court: Illinois Northern District Court
Office: Chicago Office
County: Cook
Presiding Judge: Robert W. Gettleman
Nature of Suit: Intellectual Property - Trademark
Cause: 15:1114 Trademark Infringement
Jurisdiction: Federal Question
Jury Demanded By: None
MHYS in FBCD shoes ...explanation here as close as it gets what's behind the R/S... / what most likely to expect with MHYS
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Nice point of view / information ...still this is one with problems and the dilution has hit reset
For a reverse split to occur, a Company’s legal Counsel needs the following:
1.A corporate resolution authorizing the reverse stock split and the terms.
2.The completion of the 2 page verification form (see attachment).
3.A copy of the CUSIP number (note your legal counsel will need Points 1, 2 and 5 before they can apply)
4.The completion of a letter for NASD stating the terms of the split and
5.Confirmation of the State of Incorporation, the par value and the shares authorized after the split.
General Note: Upon receiving the above, a Company’s Legal Counsel then will notify the NASD / FINRA / NASDAQ of the reverse split with the TA Verification Resolution. They request (note this is not a requirement at this time just a request) for 10 business days notice of any corporate action before this takes effect but often this can do this within a week if you prefer.
The following is a list of steps required to effect the reverse split.
Most of these steps will be effected by your Legal Counsel and will not require the Company’s involvement. There are a few forms that Legal Counsel will be forwarding to the Company for execution.
1.Obtain new CUSIP number.
2.Deliver corporate resolution authorizing the reverse stock split and the terms to Transfer Agent.
3.The completion of the Transfer Agent Verification Form.
4.Deliver new CUSIP number to Transfer Agent.
5.Confirm state of incorporation, the par value and the shares authorized after the split to Transfer Agent.
6.Deliver Transfer Agent Verification Form to OTCBB.
7.Deliver old and new CUSIP number to OTCBB.
8.Obtain new symbol from OTCBB.
9.Effect split on - - -- (Date) 2008. To confirm with OTCBB whether trading must halt.
10.File amendment to Certificate of Incorporation with the respective State on ------- (Date) 2008 and
11.Deliver instruction letter to Transfer Agent regarding issuance of shares.
FINRA Rules For Corporate Actions
Effective September 27, 2010, the SEC has approved new FINRA Rule 6490 (Processing of Company Related Actions). Rule 6490 requires that corporations whose securities are trading on the over the counter market (OTCQX, OTCQB, OTCBB or PinkSheets) timely notify FINRA of certain corporate actions, such as dividends, forward or reverse splits, rights or subscription offerings, and name changes. The Rule grants FINRA discretionary power when processing documents related to the announcements, and implements fees for these services.
FINRA and the OTCBB
FINRA (the Financial Industry National Regulatory Authority) operates the OTC Bulletin Board and processes corporate actions for changes such as splits and name changes. FINRA also issues trading symbols to over the counter (non-exchange) traded issuers and maintains a symbols database for issuers. When processing by FINRA of a corporate action is complete, FINRA notifies the OTC marketplace of such changes and actions, such as repricing securities following a forward or reverse split, or issuing a new trading symbol following a name change or merger.
Historically, FINRA’s role has been largely ministerial with limited jurisdiction to impose informational or other requirements, and no power to reject requested changes. However, the SEC began to express concern that certain parties were using FINRA to assist in fraudulent activities, such as usurping the corporate identity of publicly traded entities by either reinstating an entity with no authority or creating new entities with the same name as the public entity. Accordingly, Rule 6490 was created.
=====================
FINRA Rule, 6490, recently enacted in September 2010, requires issuers of equities and debt securities not listed on exchanges to provide timely notice to FINRA of certain corporate actions. These corporate actions include name changes, forward stock splits, reverse stock splits, distributions of cash or securities such as dividends, stock splits and other actions, and rights and subscription offerings. The new Rule codifies the Securities Exchange Act Rule 10b-17. The Rule requires issuers to complete and file a document with FINRA at least 10 business days prior to the record date of the corporate action. FINRA approval must be received prior to the corporate action becoming effective. In addition, FINRA may request additional documents, conduct detailed and selective reviews of the issuer submissions and cause the issuer to delay the announcement of its corporate action. A FINRA review will be triggered if any of the five factors set forth in Rule 6490 are thought to be present:
Enforcement of FINRA Rule 6490 has resulted in significant fees for issuers with securities traded on the OTC Markets, OTCQB, Pink Sheets and OTCBB. FINRA Rule 6490 requires issuers to provide notice to FINRA of certain company-related actions most of which are common in connection with companies who go public in reverse mergers with public shell companies. These actions include corporate name changes and other actions requiring amendments to the issuer's articles of incorporation, dividends and stock splits. Issuers who fail to provide the required notice to FINRA could be subject to a $5,000 fine.
FINRA's ability to charge issuers started in 2010. FINRA primarily oversees broker-dealer member firms, but it also performs certain functions for issuers of over-the-counter securities including those quoted on the OTC Markets OTCQB, Pink Sheets and OOTCBB.
Issuers may be subject to the jurisdiction of FINRA or SEC Rule 10b-17, which requires publicly traded companies to notify FINRA in advance of certain corporate actions including:
i) dividends or other distributions in cash or kind; ii) stock splits or reverse stock splits, dividends, or rights or other subscription offerings; iii) name change; iv) mergers, acquisitions, dissolutions or other company control transactions; and v) bankruptcy or liquidations.
Issuers with securities quoted on the OTCBB, OTC Markets OTCQB or Pink Sheets should determine whether FINRA notice is required before taking these corporate actions. Issuers that pay dividends must ensure notice is provided to FINRA at least 10 days before the dividend record date.
No formal announcement, no PR
stock split announced 12/26/2012 http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=mPYmw2RWk84hxu8pIhET1w%253d%253d&CorpName=FBC+HOLDING+INC.
...what a RIP job lol
Brokers await new certs/ cusips from co or TA ...you can't trade until certs are recvd by broker; unfortunately occasionally some brokers recv them before others and begin trading before others ..you just sit and wait
OS is now divided by 500 [A/S most likely will stay the same] while starting pps ask will be 500 X .0001 = .05 or higher based on MM... bid another story
I've been on both sides of the coin many times.
What the $%^& happened LMAO....another midnight hour R/S by another pumped stock
you need to read my post again ...it says nothing about court decisions affecting price but that current price represents hype & conjecture based on a hope / a suggestion that there's settlement before the court date ...and the path this will take if lawsuit proceeds
pps still based on Hype & Conjecture ...just read the board
What most don't realize is that hype & conjecture ran the pps up to 3's based on a settlement before the court date ... thus the contraction now that there is still no word with thurs around the corner ....if lawsuit moves forward, you could see trip 0 and a pps based on how the trial progresses
oh , for those that might feel the insult of such analysis, IMO
you're confusing me with someone else
what the &*^% happened lol
just the truth ..no hype
Ca was a lawyers attempt to handle and end this case on an Intellectual Property Issue and any Law Firm would have taken that step as it was a legitimate legal issue ...the location was a legitimate choice to file but the argument mute during an ongoing contractual dispute
you know & I know that if the case goes forward thurs this pps will drop thurs fri; if they announce negotiation thur in court or the case is rescheduled then you'll see a rapid rise on speculation of negotiations favoring CIRC [pps]
go to ihub trades streamer and look at the CIRC sell column ...those are all yesterdays pumpers selling today my friend taking profits;if you can't beat them, join them & follow the leader