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oh, i fully understand what it "actually" says. however, clearly thats the spin they have tried to pass to the brokerages because thats what all the ex-Mickey D's employees at Etrade were trying to convince me of.
where they are trying to screw the original "no shareholder will be reduced below 500 shares" is here (at least this is what etrade tried to convince me of) ...
For every five hundred (500) shares of SWNE held pre-split, the beneficial holder now is entitled to one (1) post-split new share, however, the minimum number of shares that a pre-split shareholder will receive is rounded up to 500 (pre-split)shares, such that no shareholder shall receive a fractional share less then one share (as a result of the reverse split). In other words, ...
i'm not one of the veterans here, but i dont think i have ever heard of being rounded up pre-split, then reverse split, at least not in this fashion. its just their way of attempting to weasel out of an unexpected situation.
Nah, my post was sarcasm at best.
"This is our 'coming out party' and is very important to us..."
JUNE 15, 2007 - BE THERE!!!
I can barely withstand the anticipation!
ROFL!
wow. the frontline infantry kept tellin me i wouldnt get anything. i shot them an email since they no longer transfer calls to the corporate actions dept. perhaps there is hope
ok. lol. nah, im with etard anyway, so was just curious. thanks.
going, who i your broker? thanks.
ever the optimist, maybe this is the last ditch effort to shake out whatever they can?
round up plays in fashion like the NOBO craze was months ago! lol
its amazing how the brokers first response is from a news service (etrade always quoting bloomberg) rather than official sources like SEC, OTCBB
might this be today? I will gladly pay you tuesday for a press release today.
you guys are brutal!! LOL
unfortunately, unless its "spectacular" biz news, i cannot see it moving the pps at all. nobody's here for "the biz" aspect
shorts: correct me if i am wrong, but most of those trades on 6/1 were 500 share blocks. Because of the special treatment (noone reduced below 500), if 500 shares were shorted for that trade, 500 shares have still been shorted. Without the special treatment, only 1 would need to be covered after the R/S. Otherwise, I can understand how posters say a 250K sale is now only 500 shares, but there are still a bunch of people who made 500 share trades, and those shares have to be delivered. It will all come true in the end, but most trades on friday were 500 blocks that will not be reduced.
You may begin your attack ... Now! LOL
(I think thats what Chas56789 was saying in his post)
and i do believe the "dog and pony" show bit as well. dont know how it will all end, but this does seem to be a carefilly orchestrated piece. whether it works or not is still in question.
...its the only reason im still here. lol. to watch the show!
ive had buy orders show up like sells as well.
jackson rivers - supa yuk! i despise them!
however, bid is bumping
Well something with SWNE/MCII is going on ... back to my original position and symbol.
this one always slows down from any activity. nice. lol
who is your broker?
anybody spoken to etrade on this one? i know the brokers usually vary with the same basic answer. just wondering if anyone had spoken to them. TIA
OT: SWNE lol. wow
its good. i actually like it. if i could only get etrade to act right on plays like nwmo. otherwise its nice. i was thrilled when they started level 2 on pinkies.
think its a fluke tho, just reloaded nwmo into a different l2 window and it appears normal. lol
wow. who managed to unload 200K?
am i seeing this right? ARCA on 4 diff bids.
any kind of reference num?
you wont see any divi. the brokerages were saying you should get them on 5/31, but its a restricted divi, and that comes from Don and crew. i was just curious if any of the brokerages delivered like they said.
judging by all the chatter on the board today, looks like all accounts updated with divies ... lol
guess it officially "gets interesting" tomorrow.
where'd all the volume go? lol
hmmm, looks like buying picking up
according to the daily list and the brokerages.
i called and asked etrade. they seem to agree with the letters that others have received from their brokerages. On 5/31, they will supposedly post the restricted shares to accounts.
nice blocks being bought among all the 100 share sells
you'll get them soon as they buy them from those selling today. lol. do you have any entries under your transactions?
first order of biz today: the etrade selloff
good eye joby. should make the weekend a little nicer!