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oh... it's coming baby!
$ITNS
lol...which poster might you be referring? Do you have a link to these BUMPY tweets
HELP !!
Can anyone tell me why this PR was posted on AGHD board today? There is a brief mention of AGHD in 2nd paragraph from bottom (other active stocks)....Is it just because of similar business ?? Sorry for my ignorance on this one... just never came across this before and your PR doesn't say the same thing... so... TIA
AER Energy Resources, Inc. (PINKSHEETS: AERN) is pursuing a policy of drilling low risk oil and gas prospects, in areas of proven production, primarily in the areas of Kansas and Texas. The company saw over 53 million shares traded and a closing price of over $.5.
OTCSHUB is a financial marketing firm that specializes in assisting the underserved Micro-cap and Small-cap stock community.
OTCSHUB understands that there are many explosive companies waiting to be discovered by the retail investment community. These firms do not have the technology or time to introduce themselves to a wide range of potential investors.
OTCSHUB allows its clients to focus on achieving their business goals while taking over the task of introducing the company to millions of potential investors.
OTCSHUB provides members with daily stock picks, while providing Investor Relations to emerging growth companies.
Please visit www.otcshub.com for more information
Other active stocks are Location based Technologies (PINKSHEETS: LBAS), Portage Resources, Inc. (PINKSHEETS: POTG) and AuGrid Global Holdings Corp (PINKSHEETS: AGHD).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.
Contact:
Eric Jensen
www.ionewswire.com
516.942.4910
hmmm. ty
I'm so confused. What am I looking at... What are you folks looking at. Are we continuing to grasp at straws or am I just an idiot?
thanks in advance for bringing me up to date. I think
...sounds like this is months down the road yet.
not to question your belief/experience in the market, but with this being your very first post EVER - I respectfully ask that you elaborate on how you arrive at this statement.
TIA and good luck to us ALL
DTC ISSUES EXPLAINED IN DETAIL: UPDATED 10/1/2011...Complete list of "CUSIP's to be exited from CNS and future trades designated trade for trade"
http://www.youtube.com/watch?v=cY2aelE8kZs
i believe this list goes back to 2008.........it is the cusip and name of the company........listed alphabetically......
again............to all..............if you are using PENSON.......you NEED to save this list somewhere!!!!!! this is a compilation of the NON-dtc lists........
IF you are being told by your broker that a certain stock is 'chilled' and its not on this list.........OR if you are being charged ADDITIONAL fees and the stock is not on this list........you 'may' have some recourse IF you holler loud enough......i know a few people that have had some fees actually REVERSED!
http://dtcc.com/downloads/legal/imp_notices/2010/nscc/a6965.pdf (This is the original notice of these fees)
http://search2.dtcc.com/?q=CUSIP%27s+to+be+exited+from+CNS+and+future+trades+designated+trade+for+trade&sp_k=imp_notices&sp_p=all&sp_f=ISO-8859-1&x=9&y=10
00808Y109 Aethlon Medical, Inc........AEMD
003865102 ABSOLUTEFUTURE.COM…AFTI
00433R107 AccessKey IP, Inc.…AKYI
00790C107 Advanced Content Services, Inc.......ADCS
00754V109 Advanced Optics Electronics, Inc.…ADOT
01374L109 Alchemy Creative Incorporated…ACHM
016663205 All State Properties, Inc.…ATPT
023610207 THE AMERGENCE GROUP INC.…AMNG
02879P108 American Pacific Rim Commerce Group…APRM
034206102 Andiamo Corporation.......ANDI
03735R106 Anywhere MD, Inc.…ANWM
03841W106 Aquasil International, Inc.…AQUS
05452X109 AvStar Aviation Group, Inc.…AAVG
054617105 Axis Technologies Group, Inc.…AXGC
05459Q883 Axia Group, Inc.........AGIJ
05546H102 BIH Corporation…BIHC
076012202 Bederra Corp.…BEDA
08520E103 BERMAN CENTER, INC.…BRMC
08782W106 Beverage Creations Incorporated…BVRG
09060S106 Biocentric Energy Holdings, Inc.…BEHL
09623H209 Blugrass Energy, Inc..........BLUG
09857A102 Bookkeeper International Equities Corp.…BKPR
10620T204 Brazos International Exploration, Inc.......BRZL
12619H100 CO2 TECH LTD…CTTD
131720104 Calypso Wireless Inc.…CLYW
133223602 CAMELOT ENTERTAINMENT GROUP…CMGR
133223701 Camelot Entertainment Group, Inc.…CMGR
137693107 Cannon Exploration Inc.…CNEX
14160L506 Cardio Infrared Technologies, Inc.…CDOI
14739W207 Cascadia Investments Inc.…CDIV
14949R105 Causeway Entertainment Co.…CIST
16890B104 China Changjiang Mining & Energy Corp.…CHJI
169364106 China Adnet Enterprises…CAEJ
169382108 CHINA DIGITAL MEDIA CORP…CDGT
169442100 China MediaExpress Holding, Inc.…CCME
189098106 Cloud Centric Systems, Inc.…CLDR
19049P107 Coastal Pacific Mining Corp.…CPMCF
19647Y302 Colorado Goldfields, Inc.…CGFIA
22004M101 Corporate Universe, Inc......COUV
221737307 COTTON & WESTERN MINING…CWRN
22938P105 Crystal Properties Holdings Inc.…CPHG
232825109 CytoGenix Inc.…CYGX
233279207 D-MECATRONICS…DMTA
24478T109 Degama Software Solutions Inc.…DGMA
26702V107 Dutch Gold Resources, Inc.......DGRI.
25253R309 Diamant Art Corp.........DIAAF
247018104 DELIVERY TECH SOLUTIONS, INC…DTSL
255090102 Diverse Media Group…DVME
256647108 Doll Technologies…DTGP
272023102 East Delta Resources Corp.…EDLT
27885L205 ECO DEPOT, INC…ECDP
281373100 eDoorways International Corp...EDWY
268487402 EGPI Firecreek, Inc..........EFIR
283284107 EL MANIEL INTERNATIONAL, INC.…EMLL
28486A101 Electric Car Company, Inc.…ELCR
29101R107 Emerging Healthcare Solutions Inc.…EHSI
29078T102 eMAX Holdings Corporation......EMXC
29102A103 EMERGING WORLD PHARMA INC.…EWPI
29203A101 Empire Pizza Holdings Inc. (formerly Wisebuys Inc.)…EMPZ
29271K106 Energy 1 Corporation…EGOC
30050F201 Evolution Solar Corporation…EVSO
346196108 Forest Resources Management Corp.…FTRM
37364Q104 Geotec Inc.…GETC
37945C202 Global Resource Corporation…GBRC
16949U103 China Food Services Corporation.........GDHI
37950D103 Z Com Networks Inc. (Global Gateway Media )…GGMC
37990H205 Global Earth Energy, Inc.…GLER
37990T100 CHINA MOBILITY SOLUTIONS, INC…GPPL
37990W103 Global Health Ventures, Inc........GHLV.
38019R109 Go Solar USA Inc.…GSLO
380708107 Gold River Productions, Inc.......GRPS
39303U105 Green Energy Live Inc.…GELVD
393048202 Green Globe International, Inc.…GGII
39468C106 GREENE CONCEPTS, INCORPORATED.…LKEN
39573P208 Greenstone Holdings, Inc.…GSHN
40131V109 GUARD DOG, INC.…GRDO
378949101 Global Technologies Limited......GTLL
422463109 Heathrow Natural Food and Beverage…HRNF
423258201 Heli Electronics Corp.…HELI
42331P106 Helix Wind Corp.…HLXW
G4411NAA5 Heritage Investment Capital I, LTD.…?
428397301 HI SCORE CORP.…HSCO
439338203 Hop-On Inc…HPNN
449399104 IDO Security, Inc.…IDOI
45248C100 ImagExpres Corp.…IMJX
456635101 Infinity Medical Group…IMGR
45663R202 INFINITE TECHNOLOGY CORP…ITCJ
45775F104 Innolife Pharma Inc.…INNP
46589F108 Montvale Technologies Inc.…IVVI
45823U103 Intelimax Media, Inc.........IXMD
47188V205 JAVA DETOUR, INC.…JVDTQ
49127G208 KENTUCKY ENERGY INC…QMIN
50062A107 Kore Nutrition Inc.…KORE
50730N101 Laidlaw Energy Group Inc.…LLEG
527299101 Level Vision Electronics LTD.…LVLV
53184V108 Life Exchange Inc.…LFXG
53219E808 Lifeline Biotechnologies Inc.…LLBO
53224L102 Lighthouse Petroleum, Inc......LHPT
53680P100 LITHIUM EXPLORATION GROUP INC…LEXG
54141Y102 LOGISTICAL SUPPORT INC…LGSL
54569N109 Lotta Coal Inc.…LCOL
553570102 MSGI Technology Solutions Inc.…MSGI
554042101 M-WISE, INC.…MWIS
554187104 Macada Holding, Inc.…MCDA
559071204 Magellan Energy…MGLG
55970P203 Magnum d'Or Resources, Inc.…MDOR
568093108 Marinas International Inc.…MNSI
57059N109 Marketing Concepts Intl ( Blagman Media Int Inc.)…MCCI
572356202 Marshall Holdings Intl Inc. ( Gateway Distributors, Ltd)…MHLI
60254U100 Mind Technologies Inc.…MTEK
60742G101 Mobile Media Unlimited Holdings, Inc.…ENTS
607587409 Modern Energy Corp.…MDRG
62472C102 MPhase Technologies, Inc.…XDSL
626137202 MUNDUS GROUP, INC…MNDP
62847C100 My Vintage Baby Incorporated…MVBY
62847Q109 My Social Income, Inc.…MSOA
651627309 NewMarket Technology, Inc........NWMT
67020G109 Nu Star Holdings.....NSHJ
670762202 Perihelion Global Inc. ( NY Met Holdings)…NYMH
682347208 141 Capital Inc.…ONCP
67524P100 Oceanic Research & Recovery, Inc.........ORRV
68403Y105 Optimized Transportation…OPTZ
67107C104 O2 Secure Wireless, Inc........OTOW
684008105 Options Media Group Holdings, Inc.........OPMG
69353D109 PPJ Enterprise…PPJE
69372L850 Pacel Corp.…PCLO
71943E100 PHYSICAL PROPERTY HOLDINGS, INC.…PPYH
73106P104 POLARIS INTL HLDG INC…PIHN
732816103 POP N GO INC…POPN
74030P103 Precision Petroleum Corp.....PPTO
74161T106 PRIMEGEN ENERGY CORP…PGNE
74163K103 Prime Star Group Inc.…PSGI
74370A104 ProTek Capital, Inc...........PRPM
74266D303 Pro Elite, Inc.…PELE
743423204 PROM RESOURCES INC…PRMO
74624D102 PureSpectrum, Inc.........PSRU
74836C108 Quest Oil Corp.…QOIL
749126207 Quri Resources Inc.…QURS
7575914R107 Registered Express Corporation....RGTX
583Q109 Real American Brands/Capital Inc.....RLAB
749283206 RBID.com Inc.…RBDC
749318101 RCC Holdings Inc.…RCCH
75883Q106 REGAL RESOURCES, INC…RSOU
766883102 Rino International Corp.…RINO
78249M603 Russell Industries, Inc.…ALGF
784484107 SMC RECORDINGS INC…SMCE
78637Q109 SAFE & SECURE TV CHANNEL INC…SSTC
786498204 Safeguard Holdings…SSHS
80917T308 SCORE ONE, INC.…SREA
81213Y108 SeaLife Corporation…SLIF
81941R102 PINGCHUAN PHARMACEUTICALS, INC.…PGCN
827692104 Silver Dragon Resources, Inc.…SDRG
832673107 Smokefree Innotec, Inc.…SFIO
83415P208 Solarbrook Water and Power Corporation.......SLRW
83416L107 Solar Park Initiatives Inc.…SOPV
83420E107 Solei Systems, Inc.…SOLI
847248200 SPATIALIGHT, INC.…SPLT
84920N100 SportsQuest, Inc.........SPQS
84915Q100 Spooz, Inc.…SPZI
86273M100 Strategic Management & Opportunity Corp.…SMPP
86768Q103 Sunrise Consulting…SNRS
87600P303 Tao Minerals Ltd........TAON
87816N100 Team Nation Holdings Corporation..........TEMN
87874P203 Techs Loanstar, Inc..........TCLN
886352202 TidalWave Holdings Inc.…TWVH
89149H305 Total Apparel Group, Inc.…TLAG
89324A109 Trans Global Group Inc.…TGGI
902508100 Tytan Holdings, Inc........TYTN
90264C105 UC HUB Group…UCHB
902658103 UDS Group Inc.…UDSG
913459202 Universal Detection Technology......UNDT
90345C108 US Natural Gas Corporation.........UNGS
91021P207 United Enviro Energy Corp.…UTEM
91232R109 United States Oil & Gas Corporation…USOG
913513107 Universal Food and Beverage, Inc.…UFBV
91688L200 Uptrend Corporation…UPCP
91888T409 Valcom, Inc.…VLCO
922576202 Veltex Corp.…VLXC
92658Y206 VIDEOLOCITY INTL, INC…VCTY
92763N103 VIPR Industries, Inc.…VIPR
92852R205 Vivakor, Inc.…VIVK
92909T204 VSheild Software Corp.…VSHE
929367100 WW Energy Inc.…WWNG
933706103 Wannigan Capital Corp. ( ThermoElastic Tech. Inc.)…WGAN
936902501 Wasatch Pharm Inc.…WSCH
983092206 Wyncrest Group, Inc......WNCG
98148A203 World Hockey Association…WHKA
98159A100 Wordwide Biotech & Phar, Inc.…WWBP
982557209 Writer’s Group Film Corporation........WRIT
98376R209 XNE, Inc...............XNEZ
98974R502 Zippi Networks Inc.…ZIPZ
SYMBOLS ONLY:
AEMD
AFTI
AKYI
ADOT
ACHM
ADCS
AGIJ
ATPT
AMNG
ANDI
APRM
ANWM
AQUS
AAVG
AXGC
BIHC
BEDA
BRMC
BRZL
BVRG
BEHL
BKPR
CTTD
CLYW
CMGR
CMGR
CNEX
CDOI
CDIV
CIST
CHJI
CAEJ
CDGT
CCME
CLDR
COUV
CPMCF
CGFIA
CWRN
CPHG
CYGX
DMTA
DGMA
DIAAF
DGRI
DTSL
DVME
DTGP
EDLT
ECDP
EFIR
EMLL
ELCR
EHSI
EWPI
EMPZ
EMXC
EGOC
EVSO
FTRM
GETC
GBRC
GDHI
GGMC
GHLV
GLER
GPPL
GRPS
GSLO
GELVD
GTLL
GGII
LKEN
GSHN
GRDO
HRNF
HELI
HLXW
?
HSCO
HPNN
IDOI
IMJX
IMGR
ITCJ
INNP
IVVI
IXMD
JVDTQ
QMIN
KORE
LLEG
LVLV
LFXG
LHPT
LLBO
LEXG
LGSL
LCOL
MSGI
MWIS
MCDA
MGLG
MDOR
MNSI
MCCI
MHLI
MTEK
NSHJ
ENTS
MDRG
XDSL
MNDP
MVBY
MSOA
NWMT
NYMH
ONCP
ORRV
OPMG
OPTZ
OTOW
PPJE
PPTO
PCLO
PPYH
PIHN
POPN
PGNE
PSGI
PELE
PRMO
PRPM
PSRU
QOIL
QURS
RLAB
RBDC
RCCH
RGTX
RSOU
RINO
ALGF
SMCE
SSTC
SSHS
SREA
SLIF
PGCN
SDRG
SFIO
SOPV
SOLI
SPQS
SPLT
SPZI
SMPP
SNRS
SLRW
TAON
TEMN
TCLN
TIVU
TWVH
TLAG
TGGI
TYTN
UCHB
UDSG
UNDT
UNGS
UTEM
USOG
UFBV
UPCP
VLCO
VLXC
VCTY
VIPR
VIVK
VSHE
WNCG
WWNG
WGAN
WSCH
WHKA
WRIT
WWBP
XNEZ
ZIPZ
it dawned on me after that post and how I wish I could have deleted it... realizing how 'unimportant' it was after rereading everything. You all seem to know something that I don't. Have had a very small position since .03-- I'm just not sure why. I guess I'm following the wind on this one. We'll see. Make room at your table for one more when the guys come for dinner. GLTY
Kathleen Kiley of Weston, is a freelance writer for The New York Times, plus Senior
Editor for an online business publication for KPMG out of New York.
She has a BS in Finance, MA in Journalism and Program Certificate in
Intensive Multimedia.
http://ctpressclub.com/pdfs/AwardWinners2002.pdf
http://www.poormagazine.org/node/2023
http://www.emcohanover.com/indust_analysis.html
http://www.argylejournal.com/tag/kathleen-kiley/
See page 8
http://www.lyonsdown.co.uk/publications/2011/financefunction.pdf
http://www.acorn-online.com/joomla15/trumbulltimes/community/100751-screenplay-written-by-local-resident.html
http://mindtree.com/industries-we-serve/retail/sherwin-socaranskyvice-president-new-york-company-discusses-strategic-role-technology-plays-positioni
http://www.divorce-attorney-news.com/arizona/divorce-advice/experience-strength-and-hope-for-connectedin-divorce-resource/
more............
so we've heard
But.... sales from MM to MM are still considered trade 4 trade... DTCC is trying, but they have a long way to go
it won't affect the shares you own. simply put-- your shares will be traded under new name/symbol
Dare I ask for a Level II screen shot. Too much volume going on for my taste without a change in PPS... anybody?
This trading week cannot start soon enough!!
I believe we have a very exciting week ahead of us... hurry up Monday-
were you waiting for an answer as well... thought maybe you had one- so i was waiting for you. lol
no, I did not. Thank you for asking. Have you got an answer?
yes... end of week has arrived - typical for ATIG to overstate and under deliver. Shamefully, I have adjusted to their torment. If I'm ever to be trusted again, I best keep my position of silence. FWIW, they're good for pre-market news on Tuesdays.
Have a good weekend.
EXCELLENT question.
Anyone?
Not sure. But just by the name of the Co, I'd say get rid of it, especially since you already know they use PENSON. This problem isn't going away... It's going to escalate, so if you're a serious trader/investor... situate yourself with a reputable brokerage. Etrade and I have been VERY GOOD friends for a very long time.
Please correct me if I'm wrong.. I'm under the impression that there is no DTC issue and the problem is trading with PENSON brokers. That problem WILL NOT be resolved for those that use them. If that is in fact the case... What problem are you waiting for to be resolved
tia
You are correct. Looks like it's birthday was yesterday with no history whatsoever.
http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=L11000107966&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=N&names_comp_name=BARONCAPITAL&names_filing_type=
Pharaoh... wasn't it you who suggested to determine the prior CEO in order to determine prior revenues?
Am I barking up the wrong tree? I know I came in during the conversation... just thought I'd offer my search skills
(if you want me to help, you have to pretend I'm 2yrs old and tell me EXACTLY what you're looking for, based on.... )
Name change Sept, 2003 from TMI Holdings, Inc to Total Identity Corp
CEO Richard Dwyer
Name Change Dec, 2006 from Total Identity Corp to 247MGI
CEO Matthew Dwyer
Name Change to Baron Capital Enterprises, Inc (official doc, not yet recorded)
CEO Matthew Dwyer
See Page 3
Name Change Dec, 2006 from Total Identity Corp to 247MGI to Baron Capital Enterprises, Inc
http://sunbiz.org/pdf/H0286178.pdf
Sorry... not sure what you're after, but I can find just about anything if you tell me what I'm looking for
now seems like a good time to post this.. I posted a similar article here a couple days ago, but it was deleted.. I think it's pertinent to those of you CONCERNED about your trades and PENSON brokers. If it gets deleted again... I tried.
Penson Statement: Important Notice to All Correspondents – New Low Priced Securities Deposit Policy
In recent months, the depositories (DTCC/NSCC) have exponentially increased the requirements associated with the trading of illiquid securities. Their rationale is based, in part, in the inherent volatility in the price of these securities in addition to the fact they are often very low in price. They are also concerned when a trade in an illiquid security is relatively large when compared to the security’s historical trading volume.
To date, Penson Financial Services, Inc. (PFSI) has allowed trading in illiquid and very low priced securities within certain prescribed guidelines in an effort to accommodate our correspondents. We have also, to a large degree, absorbed the substantial additional requirements associated with these trades, which have not been fully passed through to the correspondent.
Also, the regulatory community has recently become more focused on the deposits of physical certificates, particularly those that trade on the Pink Sheets or OTC Bulletin Board. The securities industry has experienced a significant spike in fraudulent transactions related to reduced valuations or non-existent or fraudulent transfer agent services for sub-penny securities. In addition, the potential for the use of these types of securities for money laundering or investor fraud are also of serious concern. As a result, the regulators have increased their scrutiny of transactions in these types of securities.
The combination of the deposit of a physical certificate and a subsequent trade in that security, which the depository has deemed to be illiquid, can result in exceptionally large requirements from the depository.
The risk deposit formula is based in part on liquidity and concentration and is also reflective of current regulatory and depository risk perspective of trading in low priced securities. In some cases, the deposit requirements exceed the value of the underlying trade by more than 100 times. For example, the depository requirement for one unsettled trade in an illiquid security done recently was $1.2 million, while the value of the underlying trade was less than $10,000.
After careful analysis and strong guidance from our regulators, and in response to the exorbitant additional requirements imposed by the depositories, we are modifying our policies to reflect a dramatically changed industry landscape.
Accordingly, effective immediately, PFSI has instituted the following changes to its securities processing policies.
PFSI will no longer accept deposits of equity securities traded on the Pink Sheet or OTC Bulletin Board markets priced below $0.10, to include but not limited to, utilizing the following methods of deposit:
1. Any form of Physical Certificate Deposit
a. Through the Penson SPS application (Securities Processing System)
b. Through the Transit System (TNST)
c. Via Mail
2. DWAC (Deposit/Withdrawal at Custodian)
3. DRS (Direct Registration Service)
4. ACAT Transfer of Restricted Stock -although, we will continue to accept deposits of certain low priced securities without any restrictive legend via ACAT, we reserve the right to reject any account that has a concentration of low priced securities (Penny Stocks).
To the extent that PFSI has received qualifying certificates that have not been processed, we will return those certificates to you immediately.
We are also reviewing ongoing trading activity in accounts with large, low priced securities positions, especially positions established by the deposit of certificates in some way. On a case-by-case basis, we may be restricting sale activity in such accounts, or even closing accounts when necessary.
PFSI recognizes that these new requirements pose certain challenges, however this decision is not negotiable. Our policy to cease processing deposits for these securities is an effort to reduce the exposure to both PFSI as well as its Introducing Broker-Dealers correspondents related to these securities.
To the extent you have questions, please contact your Relationship Manager for assistance.
Thank you,
Penson Financial Services, Inc.
Brokerages that use Penson as a clearinghouse - may not allow trading of certain pennies, or charge exorbitant fees
- eOption
- Firstrade
- Noble trading
- OptionsHouse
- Scottrade- can buy/sell MMTE, but cannot transfer in.
- Sogotrade
- SpeedTrader
- Thinkorswim
- Tradeking
- ZECCO
- Choicetrade
Brokerages that don't use Penson
- Fidelity
- TD Ameritrade
- E-Trade- can buy/sell MMTE, but cannot transfer in OTCs
- Interactive brokers
- Merrill Lynch
- Schwab
- Sharebuilder
- Vanguard
- WellsTrade
- USAA
www.onlinebrokerrev.com/2011/01/broker-clearing-firms.html
she's got all the makings for a great success story. Just frustrated with the order they have chosen to tell it. Seems that you know rule #1... if you can't afford to lose it, don't spend it.
Like you, I'd rather be in it when (if) she runs, than be caught without --- (screaming and kicking; woulda, shoulda, coulda)
I'll give you that. waiting patiently right along side you
hmmm. your definition of well is down a huge percentage. Here's to wishing... (and I love that clip)
bigtop.........
this is for you
http://www.youtube.com/user/zonatum#p/a/u/0/j94SgeyCh3M
Great read from another iHub Board, especially for those insisting that TOFS and other pennies are not being shorted/manipulated...
SEC Pushes Plan for Audit System
SEPTEMBER 21, 2011
By SCOTT PATTERSON
U.S. regulators, responding to concerns about their ability to keep pace with fast-evolving markets, are pushing forward with a plan to build a multibillion-dollar computer system to monitor stock trading in real time despite criticism from traders who could foot the bill.
The Securities and Exchange Commission first proposed the system, called the consolidated audit trail, or CAT, more than a year ago. Now, it expects to issue a detailed blueprint for the project within the next few months.
The SEC won’t pay for the project. Instead, the agency will require stock exchanges, brokerage firms and the Financial Industry Regulatory Authority, or Finra, which oversees the brokerage industry, to cover the tab. The cost likely would be passed on to investors and traders, according to industry observers.
Critics in the brokerage industry said those costs could damage the market by imposing fees on high-volume traders, making their activities so expensive they might pull back from trading, removing liquidity from the market, or move overseas.
Many trading orders aren’t charged a fee. If the system is implemented, brokerages and Finra would decide what fees to charge.
“Liquidity will become thinner” on U.S. stock exchanges if the CAT results in high order fees, said Manoj Narang, founder of Tradeworx Inc., a Red Bank, N.J., firm that uses a high-frequency strategy.
The CAT would give regulators a window into a market driven by computer trading that occurs at speeds too fast for the human eye to track. Average daily trading volume has doubled since 2005 to 8.8 billion shares in 2011, according to Tabb Group, which tracks electronic trading.
As market speeds have exploded, so have concerns that some firms may hide manipulative activity inside the blur of trading.
After the Upgrade
The SEC hopes a reboot of its technical powers will help it keep pace with markets.
Now:
Regulators see only a slice of orders
Orders available a day or weeks later
Sudden “flash crash” events difficult to explain
Manipulative computer trades hard to catch
With new system:
All orders captured
Orders instantly available
Volatile moves quickly explained
SEC polices entire market in real time
Source: WSJ research
SEC Chairman Mary Schapiro told Congress in March that the SEC’s ability to collect trading data is “wholly inadequate to the task of overseeing the largest equity markets in the world.”
Now, the SEC often must rely on data from Finra, exchanges as well as firms such as mutual funds and bank-trading desks to track the market. Finra and the exchanges report irregular trading activity to the SEC, which is responsible for enforcing securities laws.
At present, the SEC practically is flying blind because it is unable to track a large amount of trading every day. With a consolidated audit trail, the SEC would be able to directly monitor the market and create systems to catch suspicious activity.
The CAT could let the SEC see all orders placed on all exchanges and identify which firm originated and placed a particular order.
Several financial industry participants have lined up against elements of the plan. While Finra supports many of the goals of a CAT, it said the SEC’s push for a real-time tracking system is misguided.
Finra Vice Chairman Stephen Luparello said the benefit of gathering information in real time doesn’t justify the cost, because there would be few instances in which the system would capture information the SEC could immediately act on.
“What benefit you get by getting that information at three o’clock versus getting it the next day is a little hard to put one’s finger on,” he said.
The idea of devising a CAT system has been considered by the SEC for years, but gained steam after the “flash crash” of May 6, 2010, when stocks plunged in a matter of minutes, only to rebound sharply seconds later. The SEC took months to explain the crash, causing investors to worry that the regulator had lost control of the market it oversees. The SEC said the audit trail, which likely also will track stock-option trading, will enable it to more quickly understand and explain such events. The CAT also could catch manipulative trading activity, the agency said.
Proponents of the CAT said it will give investors more confidence in the market, which could pull in more trading activity in the long run.
Critics, however, worry about the project’s price tag. The SEC originally estimated it at about $4 billion upfront and $2.1 billion annually, far exceeding the agency’s 2011 budget of $1.2 billion. The agency said the cost likely will be lower, but still could run into the billions of dollars.
One way the industry could reduce the cost is by upgrading its own systems, such as Finra’s order-audit trail system. But these and other expenses are expected to be passed on through trading fees.
Some observers said the fees could be assessed on a per-order basis, such as a fraction of a cent per order, because the CAT system would be designed to track order flow, according to market observers. That would impose particularly big costs on trading companies that juggle a large number of orders each day.
Some high-frequency trading firms, which researchers have said account for more than half of all trading in U.S. stocks, place tens of millions of orders every day, canceling the bulk of them, and make profits measured in pennies per trade. Order fees could make their activities far less profitable or even unprofitable. That ultimately could affect regular investors, critics of the project said, because high-speed trading is seen by some as the grease that makes the market’s wheels spin.
Patrick Healy of the Issuer Advisory Group, a firm that consults with companies about their relationships with exchanges, said the SEC could create a “monster that impacts liquidity in a negative way.”
Many industry observers, including Mr. Healy, agree the SEC needs to improve its ability to track computer-driven trading.
Write to Scott Patterson at scott.patterson@wsj.com
Good Morning boys and girls.
It's a beautiful day in the neighborhood... Won't you be my neighbor!!
i was going to make a smartass remark about cup and handle, but I'll keep it to myself... yes, close enough.
any stock with this kind of volume is going to be on all those boards... (Hence, my visit) bottom line is SO WHAT? SS will prohibit this from EVER having any value
ya think?
yeah... well it's supposed to take off... especially in trips... how in thee heck is this supposed to move with the current SS...
**buried in sand** is an understatement
Am I reading this correctly please ??
Shares Outstanding 6,243,927,212 a/o Jul 07, 2011 (AS IN BILLION)
Float 6,639,758,812 a/o Jul 30, 2011 (AS IN BILLION)
Authorized Shares 15,000,000,000 a/o Jul 30, 2011 (AS IN BILLION)
if so......... why are you surprised that you're still @ .0005 as someone previously stated?
ha... then become a seller. No matter how many people tell you we're in this together... you're in this alone. Do what's good for you - as I suspect everyone else does.
Found it in Waterford, MI at Big Lots. Look nice. Sent shivers up my spine... Yeah. If it made it to Traverse City... ha! It's making its rounds
yeah. so nice to see
Who's selling?
oh... the amateurs! I get it now
Just tiring of this stock in particular. I'm in for 20 mill @.0001
Sold 10 mill at .0005... should have gotten rid of it all. I don't like to hang around any one stock too long. feeling like i've already overstayed my visit.