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So if you had bought 40,000,000,000 shares on 12/06/2001,
you would now have 1 (one) share.
Gotta love this guy.
So sweet. Gives me chills and I can smell the exhaust.
Damm man, I should have given you mo' money!
Ah, CG, another one for the I-box. Good post.
Cap'm ; 'preciate your doing this. Very educational.
From their DEF 14c:
At the time of the Reverse Split, holders of outstanding shares of Common Stock will receive one share of post-Reverse Split Common Stock for each 86.3035 shares of pre-Reverse Split Common Stock held as of the close of business on the Record Date. No fractional shares of Common Stock will be issued in connection with the Reverse Split. All fractional share amounts resulting from the Reverse Split will be rounded up to the next whole new share. In connection with the Reverse Split, the Company’s Board of Directors, in its sole discretion, may provide special treatment to shareholders to preserve round lot holders ( i.e ., holders owning at least 100 shares) after the Reverse Split. The terms and conditions of special treatment afforded to the Company’s shareholders to preserve round lot shareholders, if any, including the record dates for determining which shareholders may be eligible for such special treatment, will be established in the discretion of the Board of Directors.
Didn't play this one.
Well, you aint even gettin a billion dollars here so what's up with that? Get real. If you want a return, you're going to have to work really hard for it. States Attorney General is probably
your only recourse.
Now quit crying and do something...
If they go through with this R/S, I will make sure that the whole investment world knows just what kind of crooks are running this company.
Why wait?
Gentlemen;
My apologies for distracting the board previously.
Was a wee bit in my cups, not too much, I know because my
letters weren't leaning over, had just read a post that
torqued my jaw and sounded off.(with provisos)
Nothing more to be said here about that.
Now, Worn... I'm not much of a happy face kinda guy.
Matter of fact I don't talk much at all but if I erred
in using one of those instead of one of these: j/k,
you now have both.
Actually I find your posts quite informative and very
entertaining. So, if you can't take a compliment,
Piss on ya! - j/k & :)...
I'm still tied up in equities, tanking my game acct.
(trying long term trend and not watching), looking almost
desperately for "the" platform that best suits me. It
has to be an ECN and their demos don't necessarily match
their live platforms but learning curve all. Fighting
Oanda's very strange programming trying to fund accts.
Last night I found that it is a Pop-up issue, corrected
that but the damn thing still wouldn't do what I told
it to! Can I have some cheese with this, please? Ha
AT; Allowcated you money, didn't work. Then it went to
Burke. I de-allowcated Burke, sent it you again. All
this several times. Has this client funded his acct. yet?
Jeesh!
Have a good weekend all-
P.S. the vid in my siggy- If you look at it from a penny
stock trading perspective, it's a warning for newbies.
Hi folks; Whiskey and time? We should write a song...
Seriously, If anyone lives in Texas, Oklahoma or Louisiana,
Get in touch with your Attorney General and see what they will
do. I don't think they care much for this type of activity.
Texas already knows Frank and I'm sure they'd love to meet the
rest of this bunch.
Didn't watch super bowl so this am was first I've seen of this,
Hilarious! E-trade baby:
It was a joke son,
just a joke. Re: your transposition of the letters in "now".
Get it?
Or rake and bale.
It's a premium board and I can't post.
Semper Fi '70-'74.
Gods speed to every one under arms.
Hey fellas;
I don't want to seem mean here but...
This character called "Help Me" is a bit of a bother.
He hypes a new "built by a trader, for traders' Platform",
which is in fact just a version of M4.
I have asked questions and have received defensive and obscure
responses.
I follow this board because of common interest and lack of bullshit
(other than Worn)) :)
Unless there is something going on PM that is relevant, I feel that
the fore mentioned poster is self servant and a detriment to any
reader that is not yet educated.
What say you? Am I out of line here?
P.S. Help_Me, You and I can take this to the "parking lot" or
"off topic" board if you care to respond. Let's keep it off
of here, this board is for folks trying to make a living
trading or teaching others how to do so.
Easy boys, it's only a few bucks.
Maybe a few hours research but what the hell?
We need to know this for future anyway.
Gonna gap ya think?
It may be unethical but he's legal.
1. Has a product.
2. Reports.
3. T/A unggaged.
4. Excellent PR department!
Just don't buy this crap!
Bait and switch?
From NRMG's PRE & DEF 14c started 12/11/07:
All fractional share amounts resulting from the Reverse Split will be rounded up to the next whole new share. In connection with the Reverse Split our Board of Directors, in its discretion, may provide special treatment to certain shareholders to preserve round lot holders ( i.e. , holders owning at least 100 shares) after the Reverse Split. The terms and conditions of special treatment afforded to our shareholders to preserve round lot shareholders, if any, including the record dates for determining which shareholders may be eligible for such special treatment, will be established in the discretion of our Board of Directors.
It appears that in their discretion they decided not to.
Damn! lol
No opinion on this, just info in consideration of the difficulties
some are experiencing with R/S's lately:
Edit (for Sue)
What The Hell does this mean?-
HOPKINS, Minn., Feb. 5 /PRNewswire-FirstCall/ -- MagStar Technologies, Inc. (OTC Bulletin Board: MGST) (the "Company") announced today that it has effected a 1 for 2,000 reverse stock split as of the close of business on February 5, 2008. Pursuant to the reverse stock split, each 2,000 shares of the Company's common stock were converted into one share of common stock and owners of fewer than 2,000 shares of common stock as of the close of business on February 5, 2008 are entitled to receive cash of $0.425 per pre-reverse stock split share. The reverse stock split is a part of the "going private" transaction the Company is completing, whereby the Company intends to file a Form 15 with the Securities and Exchange Commission to terminate its filing obligations under the Securities and Exchange Act of 1934.
Although the reverse stock split occurred as of the close of business on February 5, 2008, the Company does not anticipate that the reverse stock split will be reflected on the Over-the-Counter Bulletin Board ("OTCBB") until later in the week, likely Thursday, February 7 or Friday, February 8. Until the appropriate adjustment is made on the OTCBB, investors should take caution in trading the Company's securities and should be aware that any such trades in the Company's securities will be reflected on a pre-reverse stock split basis, even though the reverse stock split has become effective.
Ha! This is Drudge's neighborhood.
http://www.securities.ok.gov/new-main-intro.asp
Utah's securities chief is resigning under a cloud - Wayne Klein, the head of the Utah Division of Securities is resigning, following allegations of mismanagement and misuse of authority and a continuing state audit. DeseretNews.com - 2/6/2008
It's all about the "Shares", not the "People", as you know.
For others:
The "person" I bought my "shares" from also sold me the right
to any "dividend" that was attached to those "shares" right
through last minute of last market day before Ex-date.
Yep.
SCRA News:
Sea Containers Reaches Vital Agreement With the Trustees of the Main UK Pension Schemes.Last update: 2/6/2008 11:42:00 AMAppeal Against the UK Regulator's FSD is Withdrawn as it is no Longer Relevant LONDON, February 6, 2008 /PRNewswire-FirstCall via COMTEX/ -- Sea Containers welcomes the announcement that it has reached agreement in principle with the Trustees of the two main Sea Containers Pension Schemes to agree the amount of their claims against the Sea Containers estate. This is a critical and positive milestone in its efforts to emerge from Chapter 11. Since the Chapter 11 negotiations first began in October 2006, the board of directors and the officers of Sea Containers have been focused on achieving a plan of reorganization that provides full and fair settlement for all creditors. The major creditors involved are the 1983 and the 1990 pension funds which have almost 1500 members between them and the holders - thought to be a number of US hedge funds - of the four outstanding bond issues. The agreement with the Trustees for the pension funds, which are estimated to be in deficit by approximately US$200 million under the s75 'buy out' basis prescribed by UK law, will allow the Company and The trustees to avoid costly and protracted litigation in multiple and potentially competing jurisdictions. The agreement also creates an additional reserve of US$69 million for certain potential pension scheme liabilities in respect of age-related equalization changes. In connection with this important agreement, Sea Containers has withdrawn its appeal against the Financial Support Direction (FSD). The FSD, which sought to oblige Sea Containers Limited (the ultimate parent company) to put in place additional financial support for the pension funds, was handed down by the Determinations Panel of the UK Pensions Regulator on 3 July 2007. Sea Containers considers that the settlement will adequately address any FSD and that the current legal proceedings would be of no further benefit. Sea Containers is therefore pleased to have reached a timely and consensual settlement with the Trustees. Sea Containers, alongside the Trustees, will be seeking approval from the Regulator for the proposed settlement. Both sides are confident an approval will be granted in the near future. The proposed settlement is also subject to the Delaware Bankruptcy Court approval and may be objected to by other creditors of the estate. SOURCE Sea Containers Ltd.
Copyright (C) 2008 PR Newswire. All rights reserved
After reading some of these posts, I'm sure it's because all
the MM's get together for breakfast and that's what they
decided. HaHaHa....
Yes, Me also.
It still will not work for me!
I get dead screen when I get there.
Won't proceed.
I guess I'm "special"
Ain't dat da trute!
Is that like "Nuts!"?
Pavc has been the longest for me. 8+ months and all the brokers
"back offices know/remember it.
MXSV, already shorted it, already bought it back, now just waiting
for the authorities to rein them in and credit my shares.
Long story. Includes the terms "boat bum", "derelict",
"party animal", "owe me slip fees", "I'll mate for beer" etc.
I started out as an up-standing citizen, bought a 365 pearson,
down hill from there!
"The best boat you can have is one that someone else owns" lol
How can a company that has no cash and no revenues claim
to be providing value to their stockholders? No matter
what they claim in a PR?
This is a small LT loss for me but fun just the same...
I think 2nd or 3rd stock I ever bought. (what's that tell ya?)
DUH!
Sorry for the delay but market was closing. Didn't want to clutter the board.
In answer to "huh", I'm referring to STX, St. Croix
USVI.
I believe I saw somewhere that you had charter experience
in that area?
No free drinks here, so, I guess not.
IPOR/Keating seems to be taking that route. We will see...
I have faith in regs. Seems to have failed in the past but
I think with all the noise, SEC has to abide.
Hey HL;
You know Hugh Bulkley and Sally at Columbus cove?
(Edit) FINRA is not the place to complain in this situation.
The problem is not the Brokerage Firms.
No. Still trying to locate and comprehend the rules and regs
that are pertinent while at the same time looking for any
legal outs the Co. might have.
If I make a presentation in a formal complaint it's going
to be tight. Not a bunch of bitching or whining.
My position at this time is- no matter what is being
broadcast by MXSV, The shares I bought had dividend attached
(as I bought them before Ex-date) and they will be credited
to my acct.
Now, if they were dumping shares from treasury at the same
time and claim those shares don't have due-bill, I'd love
to see them prove that.
P.S. Drage, if you use this gambit, ya gotta pay me!
Yes I do.
I think Drage knows exactly what he is doing and is very
familiar with these rules.
I don't understand the time it's taking FINRA to force
compliance but it's working to the company/Portsmith's
advantage.
Think about this possible scenario:
Inadvertently ending up with reduced ownership after
substantial reverse split plus a much higher OS than was
expected.
If you can stall long enough, a lot of "speculators" will
dump, Co. buys back cheap and they go about "The Plan".
How's that sound? lol
BTW, Gainskeeper now show 500 instead of the 501 I bought.