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Thanks corrected the typo, but still......
So we have 780 million restricted stock being freed up to sell. Do I believe in coincidence? Add to that the recent 500 million, that's over one billion, and we are at .0001 pps????? Crazier and crazier
Correct, a margin acct. Bypasses all that
Another SEC rule: If you sell stock A and buy stock B with the proceeds, then if you sell stock B and buy stock A again before the funds are settled, you have breached a SEC rule and your account will be restricted again for 90 days.
It's how your broker clears funds. for example, etrade will let you use funds from a sell order to buy another stock immediately, but they will warn you that you are buying with funds that have not settled yet, and that if you sell the new stock before the funds have settled your account can be restricted (SEC rule) for 90 days, or something to that affect. It's kind of like when you deposit a check, the money is credited to your account, but it's not really there until the check clears. As per SEC rule it takes about 3 days for funds to settle.
Does anybody see any possible correlation between the 400 Million sold last month and the 500 million sold this month? Don't want to get all conspiracy theory here, but similar huge amount, a month apart, AND while a global lock is in place? I am missing something here, just can't put my finger on on. JMO
That's true, of all the players, we (the average joe investor)has the least leverage. Whereas many pink stocks are scams, or close to it, the big boys have lots of advantages over us to make their money regardless, and they will without giving a second thought to us. Hence I don't invest more than I can afford to lose. So if I lose on SMPP, I lose. I hope I win.
GTLA
Done all that. Just lmao with all the CMOA going on. Brokers point to the DTC, the DTC points to the brokers, it is all a strategy to keep us confused until the powers that be get theirs taken care of
The DTC has in no way halted the trading of shares???????? Does that mean there is no DTC imposed lock? Confusion reigns.
BUt this is not funny
Now that was funny,,,lmao
M993 for me on etrade
Also, why would the sec or DTCC be interested in a financial squabble between companies? Their only concern is with trading issues. If financial squabbles between companies were cause for chill, then half of wall street should be chilled as companies make and break agreements all the time. Microsoft should have Been put on permanent chill during all the anti trust litigation of the 1990s. But that was not an sec concern. Jmo
True that, now that we are back to triple zeros, I will be watching and timing my entry and exit
I agree, and so the silence from both DTCC and SMPP as to the reason is probably standard procedure for these types of cases, either because of confidentiality or on advice of counsel. So I am confident the parties are in communication. However, because of possible legal ramifications of going public at this particular time, the investing public may not know all the details as to why. All we can do is speculate as to why, which is kind of ironic since "investing" in sub penny pinks IS more akin to speculating then it is to investing. LOL
We are the modern day equivalent to the 1849 California gold speculators/prospectors. "some would fail, and some would prosper...some would thank the lord for their deliverance , and some will curse pinky land". LOL.
I find it hard to believe the DTCC would issue a lock and not inform the company as to why. It's been over a month. I think smpp knows the why, but is not going to tell us for a variety of reasons such as
Legal issues regarding confidentiality
On advice from legal counsel
Fear of exposing something they do not want exposed
And there may be other reasons.
The DTCC will not tell us for legal reasons of their own
I am afraid we have been given a subtle heads up in the one post that says (reference post 19607). Options to pursue SHOULD THE ISSUES WITH THE DTCC BE BEYOND OUR CONTROL TO REMEDY
Just my opinion
Gtla
The last line is scary, "once the lock is lifted td ameritrade will re evaluate whether the security will be traded with our firm" So even if the lock I lifted, no guarantee your broker will allow trades
I know the letter of Intent was confirmed. My experience in pinky land is that letters of intent are just that, intent. As the saying goes the road to h***is paved with good intentions. I have yet to see a PR of an LOI with a foreign company go beyond the LOI stage in pink land. All I am saying is in pink land I do not get all excited over LOI's, particularly when foreign companies are involved.
What has been confirmed?
I would hope that as soon as revenue starts to be generated, that would be made public. Given the current situation, demonstrating that revenue is being generated from the vsp could go a long way in showing everyone, DTCC included, this is a legit company and lift the chill. Also finalizing the LOI, which in my pinky land experience, an LOI with a foreign company, I'm sorry, but I am skeptical. I really hope I am wrong about that, but I have been burned too many times with the "LOI with company in Russia" PR to get too excited.JMO
PS I know this LOI is with a company in Singapore, and I know where Singapore is lol
If we could have, we would have by now. Some of these firms will not transfer a chilled stock.
And, anybody see the set up with. "beyond our control"? Is the company starting to slowly interject the idea that this is something they can not control or fix?
I understand where you are coming from and Agree only the DTCC can tell us why, and they have not been forth coming..and that is cause for concern on several fronts. Is the DTCC an honest player in all this? Is the DTCC playing games for ulterior motives? Will the DTCC ever lift the chill? Will investors ever know the real reason? If there is a real reason, at some point why not be honest with us and tell us? If no reason, then what are they thinking?
As to what the company knew And when, we can only take their word for it at this point. The way the dtcc is handling their end of things I am giving the company the benefit of the doubt. however have lived in pinky land long enough to know things are never as they seem.
Just two questions
What is the real reason for the DTCC chill?
What did the company know of the chill and when did they know?
No one seems to want to be forth coming on either question
I am long And strong, but didn't think long and strong could possibly mean 4 years without freedom to sell any of my shares of this stock, now i am long and strong by mandate, not by choice lol
I understand all that I was being sarcastic given all the run around and excuses we have gotten one of which was to stop trading and shorting so as to figure out the dividend thing. Which we all caught on to rather quickly was a bunch of bs
I thought the chill was supposed to stop trading and shorting...........
Having too many divi shares, I do not think that is the company's fault or the CEOs fault, unless you are in cahoots with them, but since you have told us all, I think you are not. This particular problem (to many divi shares) sounds like your brokers problem, either clerical error or intentional. Like " accidentally" giving you too many shares, then ask for them back, but then they put the returned shares into Their own NSS accounts. A laundering scheme. I mean who is to follow up where those extra shares went after they are taken back? OK big conspiracy nut here, nothing to see lol
I guess that is one way to look at it, unless the new people who are attracted are more flippers and shorters. It would in the flippers and shorters best interest to keep pps fluctuating up and down so as to be able to continue flipping and shorting. Jmo
DO flippers make pps rise rise rise, or do flippers cause erratic fluctuations that keep the pps from reaching full potential?
So, was it truly global, or were there still trades being made like this one?
How long was the lock before it was lifted?
My apology to you. Yes I did read a couple of post that, in my opinion, were uncalled for, rude, and had nothing to do with smpp. I hope the moderators and ihub admin. Have taken action against the more grievous posters. They could be banned and I wouldn't lose sleep. Keep posting your thoughts. All sides should be welcome and ought to be listened to.
My apology to you and stockupgirl. I did read your post, but then when I saw subsequent posts it looked like there was additional information. Thank you for clarifying
DSF
Fire giant and stockupgirl,
What's the point of posting you got some news, but then don't post what that news is? If you do not want to post what the news is, fine. But you do not have to tease the rest of us by taunting you have news that you won't share. What's up with that?
Agree, release a PR now to draw in new investors?and what will potential new investors do when their trade or scottrade broker tells them there is a chill on the company? They will run away and never come back. Better to get the chill lofted before trying to attract new investors. Jmo
Not blaming you, I wouldn't do it either if in your position. You made the wise business choice. Only wish those business folks in charge of AMNE and been wise....the good kind,
Good luck and Thanks
All I can do is wait, in the same boat as you. My only consolation is I never invest more than I can afford to lose, so if the chill is not lifted and I lose out, I will somehow convince myself to consider it another sour investment, and be happy I only lost what I could afford to lose. LOL cause it better than cryin'
I agree,, even if just a few bd are following the chill, they are big name bds. If for nothing else, the perception that is being seen by average investors is if Regulators have put a chill And if large well known bds are going along with the chill, then there must be something wrong. So for ever ones sake, not just those stuck with the turd twins, the chill ness to be lifted, or clear reasons as to why not.
So the story changes yet again.
Now that makes sense to me. Thanks. and of course they are not going to admit they got caught with their pants down.