Shankman: Were they all PYPR transactions?

OT: Nope, don't work for them, only have accounts with them. If I worked for them, I might know the REAL reason they restrict buys on certain stocks.

creppie: just watch that descending triangle forming on the chart the past seven or eight days. If PYPR goes below .002, .0015 looks like next support.

shank: yes, they have potential...

but you can't compare a company with only 50M shares in the float to a company with ~1.5B shares and expect it to trade the same way.

Creppie: Take a look at FCCN

gi2 points to their run from the same current price of PYPR (.0026) to .019 in a week.

FCCN Share Structure:
-Outstanding: 72,000,000
-Float: 53,000,000
-Preferred: 1,182,000

They aren't even in the same ballpark as PYPR....

Ratings don't kick in until May, but who knows how long PYPR will be on the pink sheets. If you're gonna be on them, might as well make an effort to look like one of the better ones.

Since PYPR will remain on the Pinksheets for minimally the first half of 2007, maybe the CEO should turn a little attention to this:

http://www.pinksheets.com/about/pr_110606.jsp

PYPR would not qualify for the upper two categories, but I think it would be in their best interest to keep out of the lower three categories. As PYPR starts it's move to the OTCBB, they can improve their standing in the Pinksheet rating system and make themselves more attractive to investors.

stock: You e-mail them the order number(s) and ask for the clearing MMs.

Cause: I received Ameritrade MM info for my December PYPR trades.

6 out of 7 cleared through UBSS, one cleared through an MM named Citadel.

2522662427- UBS
2523312147- UBS
2529511442- Citadel
2532769975- UBS
2533511944- UBS
2536113251- UBS
2540067644- UBS

So UBSS looks to be the predominant MM, but they are not the *only* MM Ameritrade uses for PYPR (as some people have tried to tell you).

OT: Innocent until proven guilty....

Since someone accused them of some wrongdoing but could not prove guilt, you're implying they're guilty with your "where there's smoke" comment? Maybe the suit was just some lawyer looking for a big payday ... after all, we all know lawyers are all honest people interested in the truth, right?

CIDD: Even more interesting....

Your failure to disclose the end result of that lawsuit. The case was dismissed and wasn't appealed. You can read all about it in Ameritrade's SEC Filings.

"In October 2003, Keener, a pro se plaintiff, filed a putative class action
against the Company, Knight Trading Group, Inc. and certain individuals in the
United States District Court for the District of Nebraska. The plaintiff
asserted his action on behalf of persons who became clients of the Company
during the period from March 29, 1995 through September 30, 2003. As it pertains
to the Company, the principal allegations of the complaint were that the Company
had an indirect and direct equity interest in Knight, to which it directed most
of its orders for execution; that the Company failed to accurately disclose the
nature of its relationship with Knight and the consideration it received from
Knight for directing order flow to Knight; and that clients of Ameritrade did
not receive best execution of their orders from Knight and the Company. The
plaintiff claimed that the Company's conduct violated certain provisions of the
federal securities laws, including Sections 11Ac, 10(b) and 3(b) of the
Securities Exchange Act of 1934 (the "Exchange Act"), and SEC rules promulgated
thereunder. Plaintiff further claimed the individual defendants, including a
present director and a former director of the Company, were liable under

Section 20(a) of the Exchange Act as "controlling persons" for the claimed
wrongs attributed to the Company and Knight. In his prayer for relief, plaintiff
requested monetary damages and/or rescissionary relief in the amount of
$4.5 billion against all defendants, jointly and severally. In January 2004, the
Company, Knight and the individual defendants filed motions to dismiss the
complaint and to deny class certification or strike the class action
allegations. In July 2004 the District Court granted the Company defendants'
motion to deny class certification and to stay the action pending arbitration.
The District Court ruled that plaintiff had to amend the complaint to delete all
references to class members. The District Court ruled that if plaintiff filed an
amended complaint, the Company defendants could reassert a motion to compel
arbitration and, if the motion were filed, the claims against the Company
defendants would be stayed pending arbitration. The District Court also granted
the Knight defendants' motion to dismiss and to strike to the extent of denying
certification of a plaintiff class. The District Court ruled that plaintiff had
to file an amended complaint that deleted all references to class members and
that cured all additional defects. The plaintiff did not file an amended
complaint as required by the District Court. The defendants filed renewed motions to dismiss. On
August 31, 2004, the Court granted the motions and dismissed the case. The
plaintiff did not appeal within the time allowed.

Ameritrade does not allow shorting of OTCBB/pink sheet stocks.

From an e-mail I received from Ameritrade regarding the buying restriciton:

Thank you for your email. We do not have specific details. Please note that this decision was made by TD Ameritrade and not by a market maker. Additionally, we do not allow short selling of stock unless we are able to locate the shares, nor do we allow short selling of pink sheet or bulletin board stock.

There is no need for them to hold inventory of PYPR since they don't allow their clients to short pink sheet stocks.

OT: A shareholder only gets a tax write-off if they can itemize deductions.

How's about a way to turn the PDR into cash?

OT: I had a trade on QTEK last week that routed through SBSH. They will sometimes show the routing info, before the trade is settled, on the history report (using the available link on the right hand side). That info changes to the generic view you see on settled trades (with routing info removed).

OT: livin, How is calling Ameritrade and trying to get answers "shedding a negative light" on something? I'm trying to find out what's going on. I e-mailed Ameritrade and asked which MM's they cleared through. They sent me a link to the SEC Form 606, which obviously doesn't answer the question, it just shows that UBSS clears the least amount of NASDAQ trades compared to everyone else they use. I will next e-mail them with all my PYPR trades to try to find out who they cleared through. I'm not sure they will tell me, but I will keep on looking into it.

It seems to me you're tyring real hard to convince people AMTD/UBSS has done something wrong here and you've got nothing verifiable other than looking at L2. L2 is manipulated by MMs who compete with eachother, it's manipulated by many traders who have direct access to ECNs and MMs. L2 in no way gives you a true picture of what really is going on.

If you can show me where on Ameritrade's site they show that an overwhelming majority of their trades clear through UBSS, or give me a department to call for the answer, then I will believe you. I've seen Ameritrade show up on L2 as both UBSS and NITE, but those were OTCBB stocks.

I'll report back if Ameritrade gives me routing info.

OT: Change, how do you know your trades went through UBSS? eom

OT: livin, and on what report on the Ameritrade site does it tell you who they cleared the trade through? I've looked at the monthly reports, the individual trade confirmations and the real-time history report and very rarely is an MM indicated. btw, I use iZone for my trading and have APEX retirement accounts.

And since you've implied they don't indicate the MM on all the trades, how is it that evertime you used Ameritrade to buy PYPR the trade went through UBSS?

green: That report is filed with the SEC so if they are lying there would be problems. Doesn't matter that UBSS is only 2% less, the fact of the matter is they are Ameritrades least used MM.

I know this information doesn't fit your agenda so it's not surprising you dismiss it.

OT: Ameritrade clearing info.

http://www.advancedclearing.com/html/CLR2054.pdf

UBSS is Ameritrade's *LEAST USED* MM for clearing NASDAQ trades, more trades are cleared through NITE. Pinksheets/OTCBB fall under the NASDAQ category.

FWIW

master: Back when MT requested the NOBO list (October 4th PR), he stated (in subsequent PR) he believed there was a major short position. NITE was the biggest MM in PYPR directly before that.

<edit>link to OTCBB site broken. The following data was obtained from otcbb.com<edit>

September: NITE 43%, UBSS 20%, QUIN 16%
August: NITE 48%, UBSS 34%, QUIN 9%
July: NITE 41%, QUIN 21%, UBSS 18%
June: NITE 64%, UBSS 24%, ETRD 10%

The monthly data only goes back to June.

For the year, UBSS is the leader:

UBSS 32%, NITE 28%, SBSH 14%, ETRD 9%, QUIN 9%

UBSS had the monster month in November with just over 900M shares, about half their yearly total. NITE has been pretty consistent month-to-month. SBSH did 3/4 of their total in October. There were 16MMs trading PYPR in November, 14 in October, 12 in September and only six in August. A lot of new players are on the scene recently due to increased interest. According to MT, the major short position existed at the beginning of October. If there truely was a major short position, NITE appears to be the culprit, IMO.

prousxp: Ameritrade is blocking buy orders only. You can sell at any time.

scam: I received an e-mail from him yesterday.

But it wasn't about the company, I was just asking him about his brother who had taken ill a couple months ago. He never mentioned a Prez Letter to me .. than again, I didn't ask.

Cause: I will try to get with their compliance department next week. Will also see if they will reveal which MMs they are clearing through for PYPR.

May get the run-around but will give it a shot. The few thousand bucks iZone will lose on commissions if I leave is probably not a great bargaining chip.

Cause: Don't know.

They are already on the hook for this land dividend for current owners of PYPR. They are reducing their risk by not allowing any more buys.

I think it would have been a lot easier if the dividend was cash. I'd certainly prefer cash. When my dividend comes in from MO, I like cash much better than cigarettes. LOL!

master: The buy ban started shortly after last weekend's PR.

Like you said, Ameritrade started receiving e-mail's calls about the dividend and NOBO list. The calls/e-mails probably started Monday after the 12/9 PR. After two days of several calls/emails, they halted buying because they thought something wasn't right and/or they are unclear how to get the dividend to their customers. The "exact instructions" being given after the record date need to be given to the brokers as well so they know how to handle it.

It would not be Ameritrade that is short, it would be the MMs. Ameritrade does not trade stocks for themselves. I wish I could go back and see who Ameritrade cleared my trades through, unfortunatley they don't tell you in their electronic statements (at least not that I saw). There's been a lot of finger pointing at UBSS. Ameritrade also clears through NITE, NITE is a major MM here as well.

Cause: That's not what I'm telling you.

Ameritrade has to make sure the clients that hold PYPR get their dividend. They may be unsure exactly how to do that, especially since "exact instructions" won't be given until after the record date.

Cause: Their risk is certainly increased by the fact they have to ensure the dividend is paid to their customers that hold PYPR. If they don't know how to do that, that's a problem. Would be interesting to see what would happen if PYPR would have offered a cash dividend.

OT: inthecards, please keep the messages private.

Since the topic of discussion is Ameritrade halting PYPR trading, go back through my last two days of posts. There are multiple postings of e-mail's and phone conversations.

OT: inthecards, give it up.

He said I couldn't back up any of my theories. On the contrary, I've backed up my theory on the dividend halting buying with e-mails and phone calls.

Keep the messages private, man.

Cause: no, the guy answering the phone wouldn't explain it, said I had to contact another department. I'm gonna try to get through to them either later today or next week.

OT: Thndr, I'm afraid you are incorrect.

I've exhanged e-mails and phone calls with Ameritrade, posted e-mail and phone information.

OT: inthecards, glty

When you can't support your theories with any evidence, it's always best to cut-and-run.

inthecards: intersting theory.

How do you explain that other brokers that use the same MM as Ameritrade are still allowing PYPR buying/selling and UBSS is still showing up on both the bid and the ask?

"the MM that shorted the stock thinks that PYPR is like most all other pinkies and doesnt think he will have too much of a problem and believes it wont be too hard to cover the shares he shorted"

what the MM did not expect was PYPR to continually release more and more good PR's and for that matter report very solid financials

I don't foresee a job for you trading for a MM.

I just don't see the short position. The float here is ~1.6B according to the moderator. Now if we throw in rampant fictitious shares, that would put the float at ~2B shares (let's assume 400M NS shares based on TAKI's numbers from buyins.net). Taking into account the tightly held tradeable shares PRd by MT, and adding in an assumed 400M NS shares, the tradeable # of shares would be ~1B (500 - 700M not tightly-held free trading float + 400M NSS). Now I ask you, given the news releases, WHERE IS THE VOLUME? If there are 1B tradeable shares right now, you would think with the news that has come out there would be better than just a 200M share day. Trading less than 1/2th the 500M - 700M free trading float on blockbuster news is hardly abnormal. All IMO.

OT: inthecard, you claim to have put the "pieces of the puzzle together" on why Ameritrade is blocking PYPR buys. According to you, it's "the shorting issue". And you say Ameritrade isn't shorting anything? So if they aren't shorting anything, and they've blocked buys because of this alleged shorting issue, please explain how that works.

An Ameritrade rep told me the block was on due to a "pending Coroporate action". An e-mail Ameritrade sent me listed reasons for blocking buys (which I have posted numerous times), the land dividend certainly qualifies for one of the listed reasons. If I put the pieces of the puzzle together correctly, you are calling Ameritrade liars, with zero evidence to support your claim.

Bulldog: Yes, just not through Ameritrade. eom

fotog: No, buys still restricted. eom

OT: Flipper,

And all along on the message boards there were people believing the PRs and trying to convince others they were true.

"You don't think PPS wil go up? Haven't you seen the PRs?" LOL!!

OT: no worries there.

I know how to manage my risk.

I honestly hope your believing things that may not be happening doesn't cost you money.

Like I said before, this is the third stock they have blocked buys on me. I have accounts at other borkers that still allowed me to trade these stocks (albeit at a higher commission based on the volume I trade). I use Ameritrade iZone for the cheap commission on high volume orders. Currently looking at others that might do it cheaper.

Flipper: did SLJB pay out a land dividend?

PYPR has made some bold un-audited earnings statement themselves. Read my message again, they aren't trying to protect *you*, they are protecting themselves.

OT: you seem confused, inthecards.

Let me post the top part of Ameritrade's e-mail again.

Both you and TD AMERITRADE take on risk whenever a security is traded. While you may be willing to accept any risk associated with this security, there are certain business risks TD AMERITRADE chooses not to accept.

Ameritrade has the buy restriction to protect Ameritrade.

Although it's a moot point, why would Ameritrade care if their customers lost money? If they all lost money, they wouldn't be able to trade and Ameritrade would go out of business.

You say the reason they put on this restriciton, IYO, is "because of the shorting issue". I notice you left out the word "alleged". I will remind you that Ameritrade is in the business of executing trades for their clients, they do not trade stocks for themselves. If you read the fine print in Ameritrade's Customer Agreement, it says:

"Ameritrade does not trade on its own account or make a market in any security. Client trades are executed on independent exchanges, through independent market makers or through ECNs."

I'm sure Ameritrade realizes they are losing commissions here and could possibly lose customers. They must have a pretty good reason for not letting people trade the stock since commissions are their life blood.