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I see, it is all there.
Well, I really have no idea what the confusion or supposed change on the SEC website is all about then. Oh well.
I should use EDGAR more and learn how to navigate it properly. Far too easy to rely on trading platforms for filings as they hit.
Yes. I said that wrong. More in reference to the fact that KEYO is not a SEC registrant at this time. Even if they were in the past. Thus, the preoccupation with the SEC given that no SEC action occurred is befuddling to me.
I never said that the SEC did not matter. I said in this situation they had nothing to do with the cusip/symbol deletion.
I'll happily admit that I'm wrong about settlement if Friday's trades are busted but, I see absolutely no reason why that would occur.
You'll see. Or, if for some unforeseen reason I'm way off on this, I'll see lol.
In the sense that anything they did was reactive, not proactive, yes.
I cannot go back and see exactly what information pertaining to KEYO existed on the SEC website 2 days ago, 1 day ago, or even after the close yesterday. For all intents and purposes, in this situation, it does not matter.
KEYO was not a SEC registrant in the first place so I fail to see your point. Look for SEC suspensions, do you see KEYO on this list?
http://www.sec.gov/litigation/suspensions.shtml
This is a Finra deletion. Much different than a SEC suspension. The SEC had nothing to do with the action.
Do you know of someone that sold or purchased KEYO shares yesterday? If so, you'll see what I mean in 3 days.
Finra effectively deleted the Cusip # and symbol as of the close yesterday yes, but, the SEC had nothing to do with the deletion. Nor, is the deletion technically effective until Monday. The trades will clear and settle.
Besides, no one is getting richer or poorer by much on yesterday's action, only $15-$20k traded.
I have never had an OTC trade settle before T+3, using your methodology, Wednesday and Thursday would not settle. Now, my options trades always settle on T+1.
The symbol could be traded yesterday, it will be cleared and settled. Nothing improper was done if someone sold or purchased the KEYO prior to the close.
The SEC did nothing yesterday.
Finra did not delete the cusip on Friday, it is being deleted on Monday. Friday's trades will clear and settle. I understand your point but it would mean that Wednesday's and Thursday's trades would not settle as well. For clearing and settling purposes, Monday's action will have no effect on Friday's trades.
People had a clear path to recoup capital and an early warning from Finra yesterday, it is their own fault if they did not heed it. For those that purchased shares, the danger of delusional thinking will become quite apparent.
It is gone forever.
I found that fascinating as well. What was even more surprising was that any bids existed on the way down. Fresh bids were entered and mostly filled in the .02-.03 area. Who does such things?
Why the stock was not at .001 or lower eod on any meaningful volume defies all logic. Apparently, some individuals love to lose everything.
It should be obvious to all that shorting is not prevalent in the OTC marketplace. I posted the action, no trades occurred for 20-30 minutes. Had I been an evil short seller, I would have smashed bids prior to and after posting it. Slam dunk. Still would have been disappointed in the lack of sellers though. Unbelievable idiocy displayed by those that held on.
As well it should lol.
Stocks move down at your whim, tip tap.
The bid or offer did not change for quite a while after I posted the action. It was .07x.0852. Not my fault if most chose a path of denial, at least initially. Be thankful that there still are individuals willing to put up $ for sellers into the close. It will be the fastest vaporization of capital that they have ever experienced.
The ticker will disappear. Poof.
CLPT 1:35 One Clean Planet, Inc. Common Stock
The magical disappearing act.
SPLY 1:5 SocialPlay USA, Inc. Common Stock
http://otce.finra.org/DailyList
As if I'd make something like this up.
Yw. Lol, relic of my early years in OTC land.
Fantasy excites and thrills, reality hurts.
07/24/2015 12:33:42 CUSIP Suspended 07/27/2015 00:00:00 KEYO KeyOn Communications Holdings, Inc. Common Stock Other OTC
07/24/2015 12:33:42 CUSIP Suspended 07/27/2015 00:00:00 KEYO KeyOn Communications Holdings, Inc. Common Stock Other OTC
HWAL 1:77 Hollywall Entertainment Inc. Common Stock
ENTB 1:150 Entest BioMedical Inc. Common Stock
DIBZ 1:56 DIBZ International Inc. Common Stock
WRIT 1:200 WRIT Media Group, Inc. Common Stock
PYDS 1:15 Payment Data Systems, Inc. Common Stock
I think that some misinterpret a viewpoint based on facts as an indication of a desire to see everything end terribly for FONU shareholders and Effingham County taxpayers. On the contrary, I have personally always wanted the project to succeed. One cannot ignore financial realities though and remaining positive in a situation where convertible debt financing is used to keep the lights is not the best thing to do. Especially not when the project in question is capital intensive from the outset. Questions should be asked at all levels, not with the intention to kill the project but, rather, to help give it a higher chance of succeeding. Perhaps I come off as highly critical but, that is only because I fear that the entire project has a high chance of utterly failing if it continues down this path. MDNT already failed under the same scenario, operating on convertible debenture funding, which, destroyed shareholder value and any chance at obtaining traditional financing. For the health of the project, further due diligence would be beneficial by all overseeing it.
Reading FONU's balance sheet and deducing that they have no ability at this point to fund a capital intensive project is relatively easy for all to see. As convertible debentures come due, future erosion will occur due to steep discounts embedded in the financing agreements. Stating such a fact does not indicate a desire to see FONU or the project fail, it merely means that FONU needs a significant infusion of capital to overcome such hurdles. Imo liquidity financed by debt is not enough, you need both a large capital infusion along with traditional financing to give the studio a fighting chance at success.
I think that not questioning the capital resources of a company embarking on a capital intensive project does far more damage to the company and the project as a whole.
There is nothing wrong with desiring that a company receiving major concessions from the county be in a financial position to fulfill its end of the agreement.
There is nothing wrong with being critical of elected officials when they proceed seemingly without vetting or questioning the viability of the company receiving said concessions.
Company officials that promise one thing while the financials say another should be questioned thoroughly about how they plan to restore the company to a sound financial footing. It is only right.
Wanting a project to succeed because it is a good thing for the community is admirable and the right thing to do. Wishing that it succeeds while avoiding the tough questions and labeling those asking them, "negative", does not help the community or the company.
I doubt that you could find a single person anywhere that wishes to see the project fail unless for some reason, they desire that piece of property.
Apparently none of them have read the lease agreement. Thus, they are not aware of the fact that MDNT likely violated the terms when selling Moon River Studios to FONU.
Unless they received approval from the IDA board that I'm not aware of.
Granted, given the way the IDA board rubber stamps whatever Jake says, getting approval probably would not be difficult.
I'm amazed that the county commissioners are also approving without looking deeper into the facts.
Astounding.
I never cease to be amazed at the individuals in charge of taxpayer assets in Effingham County.
Construction is "set to begin" lol.
Bring on those open air sound stages.
LLTI 1:85 LaserLock Technologies, Inc. Common Stock
I would like to know all the nuances of financing this project, not the "simple buying of shares to help finance operations".
ARSC 1:2500 American Security Resources Corporation Common Stock
ROKO 1:10 Caprock Oil, Inc. Common Stock
I disagree with the premise. Imo the answer is to be out by 10. Buying lower than HOD at 10 does a trader/investor no good if the trajectory is lower throughout the day.
I do agree that trying to play a promoted at the open stock is a fools game.
GRAS, IDOI, NGMC, MSTG, SHOM, and BRND.
Thanks, not really my board but, this board has saved me in the past. I probably watch for RS's closer than anyone on IHUB anyway so, happy to help inform others that may not be watching so closely.
Posting a ticker here with the intent to pump it will have the reverse intended effect. Reverse Split board.
CJTF 1:1300 Gold & Silver Mining of Nevada, Inc. Common Stock
SSOL 1:20 Sunvalley Solar, Inc. (Nev) Common Stock
4 18 19 48 please, thanks.
2 4 48 please, thanks.