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In this case, CLHI did not find a better shell - TDS is being acquired per PR this week.
I do agree that often a strong private company will be able to find a better shell, as it is a buyer's market.
Still is
Good to see this - implies they have revenue growth coming.
DRNK is more like the SS Minnow than the Titanic...
I know what I own. I am not concerned by these departures, nor do I believe that they signal anything onew way or the other.
I would love to see SRNE get bought out, but I don't think your reasoning holds up.
MAYBE the chief counsel starts looking around if he knows the company will be bought. More likely not, as if there were a buyout he would be involved in constructing and reviewing all the pertinent documents, and doing that would be the kind of thing that would look very good on hi resume going forward.
As for the CFO, I seriously doubt that he would still be living whether or not there was a BO in the works.
The bigger question there is what is keeping Ji from hiring a new CFO. I doubt it is a combination of a BO on the table and the hubris to think he can handle the financial side of a BO alone along with everything else on his plate.
I disagree with you on the use of ignore (iHub) and block (StockTwits).
I use them both liberally and have a much better online experience for having done so.
I DO want to hear both sides of the story and never block anyone simply because they disagree with me or they are on the opposite side of a trade.
However, I immediately block any poster who disparages or tries to intimidate others, is unnecessarily vulgar, repeats the same thing over and over, or simply wastes my time with a lot of useless posts.
Additionally on StockTwits I block the posts that are click bait for chat rooms, the posters who put 10-20 symbols in their posts and clutter up unrelated boards, and the posters who spam their pet ticker on all the active boards.
Additionally, ignore/block is not probation, it is forever as far as I cam concerned. Once I block someone, they are no longer a part of my online life.
I just don't have time for that crap.
Agreed - reading StockTwits can be very frenetic. Also, ST does not offer the "Read 100 posts" option like iHub does (for paid members) - you have to scroll through every single post. There is also even more mindless cheerleading and confrontation on ST than here on iHub.
People change jobs all the time. It's part of having a career.
Note that as a corporate counsel he was being paid salary and bonus - not like a "contingent fee" lawyer (i.e. the ambulance chasers who file class action suits) who get 30-40% of any settlement. He would have been paid the same regardless of the outcome of the suit vs. PSS and regardless of when that is settled.
I am assuming they have a patchwork of internal financial systems that don't integrate and won't scale. Part of the CFO's job is to get the right processes, platforms and controls in place to support growth.
Seems way too reasonable for an iHub message board...
I'm with you - I think the appointment of a well-credentialed CFO is an indicator that there are bigger and better things coming here for MVNT.
Right - I don't think they are publicly trading yet - probably can't be until the underlying shares are registered to be free trading.
Seems clear to me that the real reason that TDS delayed, and then backed off from acquiring CLHI is that they were in negotiations to be acquired themselves...
I tried MULNW - it does not come up at Schwab.
Are there publicly traded warrants for MULN? If so, what is the symbol? TIA
Paranoia runs deep...
True. Additionally, if you happen to get a tiny little partial fill, it's no harm no foul.
I don’t think they can delay the purchase by more than a day or so. This would be up to the charter of each individual index fund. It is not some thing that is mandated by any regulatory agency. One fund might have to get within 1% on the day the index changes, While another might have until the end of the week or the 15th of the month etc. they almost certainly would not delay very long, as the whole point of such a fund is to track the index.
As for the other stock you mention I have no knowledge of it but it is obvious that whatever is going on there is not tied to inclusion in one of the major indexes.
Here are another couple points about the Russell mechanics.
In practice, though there is a published date for the reconstitution of the index funds, all the required trading does not happen on that date.
There are other funds/money managers out there that do not have a charter that says "mimic The Russel x000 index" and can buy whatever they want whenever they want. Those funds can buy or sell Russell stocks in advance of the magic date. WHile an index fund manager may not be able to buy in advance of a stock's inclusion, they can easily make a deal with one of the "free agent" funds to have that fund assemble a position in a stock, then sell that to the index fund manager on the magic day and just pay the original buyer a % of the savings achieved vs. buying at market on the magic day. This is basically guaranteed money to the "free agent" funds and allows the index fund(s) to adjust their holdings in the reconstituted index without spiking the market in the stocks they add.
Additionally, an index fund can track that index with greater than 99% accuracy without buying all the stocks in the index. In general, the bottom 10% of the stocks collectively account for less than 1% of the total index value - an index fund can get 99% accuruate index tracking without ever touching the bottom 10% of the stocks on the list.
All, as far as I know. My account there is relatively recent (in reaction to Schwab reinstating 6.95 commissions on otc trades) but so far all my otc trades at Fidelity have been commission free, and that is what Fidelity customer support told me I could expect.
As I sell otc positions at Schwab I will be routing that otc money to my Fidelity account. Though I did some NASDAQ and options trades at Fidelity just to get a feel for the ATP trading platform, I will be using the Fidelity account pretty much exclusively for otc trades.
I got that silly partial fill yesterday on an order for 10K shares. Got the full 10K today at .0278
Fortunately the tiny fill was commission free at Fidelity.
Thanks - Is there any reason to expect anything other than a summary of financials and what we already know?
Why Friday?
My point is that the regulators did not care what happened to the merger stocks on the otc - they were not the focus of the new rules.
As I have mentioned in the past, I think the overwhelming ratio of foreign to domestic tickers on the Tier Changes list every single day indicates that the foreign companies were the real targets of the recent rules changes and little US otcs (like custodian plays) that were not pink current were just collateral damage.
You may have seen a T-trade post AH, but there is no actual trading after-hours in otc securities.
Ummm - there is nothing shady there. If you were filled between the previous high bid and the ask, whoever had the high bid before now has a choice. They can continue to wait at the lower price, or raise their bid.
Your trade provides clear evidence that someone was willing to sell at your bid price. That previous high bidder may feel the person who sold to you has more for sale at the price you got, so they raise their bid to that level.
Happens all the time. That's how the market works. That is not shady to me, just market mechanics 101.
I bought those 100 shares at 4. There was 100 on the ask before my order, and there still was 100 on the ask after my order filled.
Obviously there are more than 100 shares for sale at 4.
I personally don't care when they come, as I am not in a hurry to sell them.
They are in no rush to revoke them. Moving them to expert effectively closes down trading in those tickers. The regulators don’t care if a penny stock speculator gets stuck in a position (nor should they).
Think of an NFT as an "electronic bearer bond". Whoever the NFT as determined by the blockchain chain of custody) owns the underlying asset. In this case the asset would be 1 share of AAPL or 1 share of whatever.
Back when dinosaurs ruled the earth, and I was a young man, there were not "counterfeit" shares as everything was in certificate form. CLearing was a manual nightmare, so things gradually went electronic. However, in the course of that, we lost control of there actually being a finite number of shares to be bought.
Instead of certificates, give each specific share a serial number and link it to an NFT. The blockchain technology behind NFTs would provide a rock-solid chain of custody and immediately eliminate all "counterfeit" shares created by naked shorting. When I buy 100 shares, I get 100 specific NFTs. WHen I sell them, the buyer gets the NFTs for those 100 specific shares. If I loan them to my broker, tey have those 100 NFTs but owe those specific NFTs to me. If someone shorts a stock, they would have to borrow enough specific NFTs to do so. You could not "create shares" by shorting shares y7ou have not borrowed,
I actually think the impact to the octbb stocks we like to trade really is just "collateral damage" - they were not the primary target for the new rules.
I think that the real target was foreign companies listed on the otc which had no reporting at all and no intention of reporting. Just look at the Tier Changes list on OTC Markets every day for a week. 98% or more of the symbols listed are xxxxF - foreign securities. There is the occasional xxxx symbol in there, but they are few and far between.
I don't think this is coincidence - I think it signals what the intent of the new rules really was. I think that the custodianship stocks et al were just got caught up in the net - like the occasional different fish that gets caught up in a net full of mackerel or cod.
TTNN is down 36% today on 8x normal volume. Do you know why?
Ex any other information, those numbers tell me to run away, not buy.
well, the one thing that SHOULD be backed by NFTs would be stock shares. That would end all discussion of naked shorting permanently.
We can invest in , among other things, a securitized sneaker collection.
Who knew?
Maybe it is a family of mutual funds?
You need to have profits and you need to be in the same industry as that in which the losses were incurred. Furthermore you can’t take them all in one year there is a limit as to how much you can take year-by-year.