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im guessing we prolly wont see a symbol today either...i'll wait.
checking in...nothing new. nice read on the DTC/mark of the beast. lol. seriously tho, we knew they would delay this and stretch it out as long as possible. it makes for restless natives. 19 trillion...yeah, they should just let us have our teenie short squeeze and move on with "ripping off" the average investor. lol. best wishes all.
wonder why stuff moves slow (if at all) thru DTC? ....
Who Owns Us
DTCC is owned by its principal users — major banks, broker/dealers and other companies within the financial services industry, including the National Association of Securities Dealers (NASD) and the New York Stock Exchange. Overseeing the company is a 21-member board of directors elected by the participant owners of DTCC.
we need theme music here.
man, you cant write better entertainment like whats coming from these brokers! lol
just thinking that same thing ballyhoo. we need an official new symbol first...not all these variations showing up in peoples accounts.
Only thing I think Don could do is PR the completion of the count, and the actual short numbers. At least that way the company officially announces that they have completed their part, further exposing any broker/MM delay tactics (exposing not stopping). Comments?
i think it was more the "Don could you ease our concerns?" The short answer is...no. Yup, everybody's concerned, but it was clear that once this process started it was no longer under Don's control. Be easy, mon. We'll see what to make of it all shortly.
he's our Jessie Jackson...keeping hope alive! LOLOLOL
yeah. like i said "toying" with that idea. I mean I have already got a nice profit from my original trade. And if this does what we hope, that profit just becomes that much sweeter. if it continues as a POS, it'll join the others in the "sh*tpile" as Wayne R so eloquently calls it. LOL we shall see!
i think Eturd is simply getting too big for "traders". Im looking to move to a better platform soon. they arent good for pennies, plus they have really "adjusted" how they fill orders ever since they got into the biz of making markets. I like them overall, but my experience is that I hope to only keep them as an account to "invest" with.
I like them because for a long time I have used them as a central banking place mostly.
if i recall, TA said they would "start" exchanging shares ...today(?)
ROFLMAO! 3 - 6 WEEKS! That's crazy!
BULL isnt the only one to not buy into the short play. check around, there are other respected IHUB posters who feel most of the short was covered during the fallback from .20 (and the .66 as well)
At the same time however, they all have acknowledged that this is the pinks, and anything is possible.
guess i felt like chiming in because BULL seems to be a straight shooter on IHUB. lets hope this goes our way!
i think BULL just posted some info. Were all sitting around speculating, so why not. give him a break. i'm toying with the idea of leaving a small fraction of my holdings in place to see if Ol' Donnie has anythhing else up his sleeve following the MOASS. Cant say I trust any pink CEO, but I'm sure game for learning their strategy for the purpose of profit.
GLTA
ok, guess that answers my question: TA forces brokers to cover by only issuing "float count" of new certs? regardless, i like the position were in, and how Donnie has stuck by his plan. nice.
well, my question is: who or what body "in theory" forces brokers and MMs to cover? I understand that my broker forces me to cover my shorts, but who forces them? NASD? DTC? SEC?
plycf..nice strength in the .05's
can we get off shakerzzz and back to awyb. you either love him or hate him, but cmon guys, this aint the place. sorry, its just getting a little old. love him or hate him....lets trade and make money!
should we all start bashing so we can catch a .50 close?? lol
she's got legzzz y'all!!! nice!
bid/ask .0044 x .0043! lol
wow, dont think ive ever seen this board go this dead immediately after close...interesting. lol. jut musing while waiting.
exactly.
greed...yes. someone already mentioned that there will not be any real covering until definitive dates are set. why else would they? noone is going to do anything, and we all know that the system works in favor of the MMs and brokerages. if it were me, i would try and wait investors out too. we see what the PR yesterday did. slowly but surely this ride is weeding out those who care not to stomach the games, or need their money, or those who say "eff it, i already got a nice gain anyway".
dmay30,
yup, i bought a grip of wwcd...and upon the name change, the stock popped to .07. so after selling, yes those under .02 shares were "shorted" for a profit under the new ticker, and when eturd finally converted my excisting shares of wwcd to gbdx, the "short" was covered. yes, it was certainly a profitable trade.
i will say tho...
AWYB is calling for an actual cert exchange, whereas WWCD to GBDX was a straight forward name/cusip change. the physical exchange of certs adds a new element, not to mention the obvious short position, and deep manipulation going on with this stock.
instinct says sell (seeing that i bought when Buckey first announced, and besides a few extra shares, most of mine are from under .02). but i do agree that we are in a very unique situation, and it does seem like Don is actually trying to follow a plan that will force covering...which is a good thing. given that, i am planning on holding and watching as this unfolds. AWYB is going against a very established sytem of screwing investors, so it might not be, nor has it been, an easy ride to watch. but from my simple understanding, it does seem like this is playing in our favor.
well, i just went thru this with wwcd changing to gbdx. this case may be slightly different given the situation, and the actual cert exchange. however, in that situation, no, there was no money lost because regardless of what price i sold short, i had that amount of shares in the old symbol...so even if the price had gone to 1.00 from roughly .03...i had the shares to cover...no loss to me
at some point when ur broker begins processing the cusip/name change, they (might) not allow trading (of the old symbol). instead, some will allow you to sell the new ticker, which, because you don't actually "own", is a short. they allow you to sell because they know that the old stock, which you do currently own, will be changing over. and, once that change is complete, they settle your "short" of the new ticker out of the shares that have now been changed to the new ticker. makes sense, or did i confuse u more?
yeah. thats what happened with wwcd, which changed to gbdx. eturd allowed you to sell shares of gbdx (i.e. 10K of 100K shares), then when the symbol change was completed you had 90K shares gbdx. the short is made null once the change completes. before everything settles, accounts were short gbdx shares sold.
agreed. leave the SEC out of this stock. my own stupid opinion is that would only complicate the process. i dont know whether this cert recall will take long or not. the last recall i was in was Accident Prevention Plus (APPx?) now Transportation Safety and Technology (TSFY). the symbol was flagged with a V because of an issue with not all shareholders exchanging their certs (or something like that). company is basically a shell now. dont think the V stopped them from trading tho.
nice slow, quiet creep here. glta. eom
feels like a wild west standoff. eom
just the thought alone that a large audience awaits your slightest action or words is enuff of a power rush! i'd probably dangle a carrot a little bit to get a kick out of it myself. lol
like when i somewhat tease my cats and they are crying for their food in my hands as i walk to their feeding spot!
best wishes all, im just - a - waiting too.
nice..add a lil fire to today's close!
thx beandog24
ICA? sorry, but whats that stand for
hi all, bought a position. in @ .0038. looks like some nice action today.
EDIT POST...wrong ticker. sorry.
everybody have a great weekend. later!