Walk by faith and not by sight. Even when your vision is 20/20!
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congrats sir
Here is why June3Bug:
“The fact that a broker-dealer that is an NSCC member fails to receive securities that it purchased on behalf of a retail customer does not mean that the customer’s purchase is not completed until the member’s failure to receive is cured Under Article 8 of the Uniform Commercial Code, a securities broker-dealer may credit a customer’s account with a security even though that security has not yet been delivered to the broker-dealer’s account by NSCC. In that event, the customer receives what is defined under the Uniform Commercial Code as a “securities
entitlement,” which requires the broker-dealer to treat the person for whom the account is maintained as entitled to exercise the rights that comprise the security. See UCC Sections 8-104, 8-501.”(emphasis added)
Note: Broker-dealers only receive “failure to receive” notices past the settlement cycle.
The SEC is clearly stating here that they have granted broker-dealers authority to redefine “security” past T+3 in customer accounts, from the definition in federal securities laws, to the definition in the UCC adopted by the states -when brokers do not receive the contracted for securities within T+3. The SEC goes on to explain in the Amicus that registered market participants act only as authorized by the SEC, and are prohibited from acting in contravention of such authority. The intentions of the SEC are thus clear and because the SEC relies on the UCC’s definition of security, we have christened this informal authorization the “UCC rule”. The only problem in this is that the UCC is a state-adopted authority, and is thus preempted by federal laws.
Public statement number 2
In Securities Exchange Act Release No. 56213 (August 07, 2007) (“Amendments to REG SHO”), the SEC tries to explain the SEC authority under which brokers can redefine “security” past T+3 in a rather creative way, which they are forced to do since there are no federal laws that can be quoted. However, the intent and signal to market participants and everyone else is clear:
“…, where a seller of securities fails to deliver securities on trade settlement date the seller unilaterally converts a securities contract (which should settle within the standard 3-day settlement period) into an undated futures-type contract, to which the buyer may not have agreed”
The main problem here is that the above is not defined in federal securities laws anywhere – there is nothing in federal securities laws that is even close.
OK...lets say I am a MM and wanted shares (trying to stockpile them...and yes they do this through hedge funds)...I could get them two ways...let it run up and buy them from those who would be happy to sell and get my fill then...or drive it lower and piss you off so you get disgruntled and sell! It's as simple as that...the MM's make the market...which means they decide what it is worth today...this min...this hour! Can't you see the manipulation of the PPS........HELLO........we get a buyer for .0097 @ 10,000 (above the ask) shares and then POW we drop to .0081 @ 10,000 (below the bid) shares. I am not saying it is "someone" more than it is a MM...they make markets even when one doesn't exist! If you understand this they bless you...if you don't then I pray you go do some dd on MM's at this level of the Pink Sheets/OTCBB. There is no fair and orderly market here....PERIOD. News sells and results sell even more. I, I choose not to sell...it was much lower than this when I began this crusade and it will be much higher when I am done!
Blessings to all
Charlie
But I have held these shares for soooo long I am starting to get sentimental with them...I loves me some IDGI!!
Yes ma'am it does....How are you and all my FFGO friends today?
I got a visual on you....I am watching you!!
RILO...how are you my friend...long time since Atlanta!!!
Blessings sir
Charlie
I can join you tomorrow....cash not cleared yet !! Hope I am not too late!
Funny Jag how all the den calls...with the exception of GRNO traded back to even today....ALL OF THEM....PNTV, CDIV, SUGO, EIGH (not one share...hmmmm) could it be a coincidence...as Hong Kong Phoey say "COULD BE"
nope...they musta jumped all around me and didn't fill my order...they must know I support the MonksDen!!!
I have orders in at all levels and I cannot get a fill for days now.
.015 / .02 and .025 so where are all those shares ppl are supposed to be dumping as quickly as they can? And for my friend who keeps posting on other boards my activity here...yes I am buying more here...that's why I can't buy there!!!
Blessings to all!
yes i can on Fidelity Active Trader Pro...I would advise against it cause they will drop the pps like a rock to get them!!!
More like someone put in a stop loss order at .0075 and they went and got it!!! They can see them in Level 3 activity.
Yep...and MONKSDEN has helped me make many great friends and some sound financial decisions!
the SEC has openly stated the information they release has some accuracy issues.
They are under investigation...where is your document stating their findings? When did they "OPENLY STATE" they found accuracy issues...The stated they are investigating issue..NO FINDINGS HAVE BEEN RELEASED!!!!
1 min chart just went into "Buy" mode with MACD and 10/20 MA. Tide changing here!!
That's total speculation and you know it...There is NO WAY you can prove they do not have the money...Let the SEC do their job and the truth will be known soon enough. The last quarter report showed they did not have the money...but they clearly stated it would be in the 4th quarter...it was a draw-down of credit...which we will know when the 4th quarter report comes out...til then...
I will take that one....I state the exact opposite.... There will be a forced buy-in notice from the SEC and the companyy will merge with another in a higher market in the not so distant future!
Good Lord..."so your previous statement that the SEC is doing a share audit on EIGH was just speculation even though you stated it as fact." If this were the case in here none of the posts for the last 3 months would hold water...many spoke of speculation as fact and many slanderous remarks were posted as fact. This is not IMO this is a fact!!!
I heard the same exact thing!!
I din't buy that much but I am in and watchin...
Yes got in at .0066 yesterday and holding..
Are we still in LLEG?
Thank you sir...I will...only the best to you and your family this Thanksgiving!
Hello my friends...I am on vacation this week and filling the honey-do list so I am just checkin in...HOLDIN long and strong here!
Now that's an honest person...blessings sir!!
I'm sure the SEC has all the proof they need by now...we will find out soon enough!!
Blessings sir
You got it....National Hemophilia Foundation sir!!
Or...EIGH is smart like a fox setting the largest known bear trap...Who knows and only time will tell!! SOON I BET
UNTIL NOW!!!
AS WRITTEN BY THE SEC!!!
“The fact that a broker-dealer that is an NSCC member fails to receive securities that it purchased on behalf of a retail customer does not mean that the customer’s purchase is not completed until the member’s failure to receive is cured Under Article 8 of the Uniform Commercial Code, a securities broker-dealer may credit a customer’s account with a security even though that security has not yet been delivered to the broker-dealer’s account by NSCC. In that event, the customer receives what is defined under the Uniform Commercial Code as a “securities
entitlement,” which requires the broker-dealer to treat the person for whom the account is maintained as entitled to exercise the rights that comprise the security. See UCC Sections 8-104, 8-501.”(emphasis added)
Note: Broker-dealers only receive “failure to receive” notices past the settlement cycle.
The SEC is clearly stating here that they have granted broker-dealers authority to redefine “security” past T+3 in customer accounts, from the definition in federal securities laws, to the definition in the UCC adopted by the states -when brokers do not receive the contracted for securities within T+3. The SEC goes on to explain in the Amicus that registered market participants act only as authorized by the SEC, and are prohibited from acting in contravention of such authority. The intentions of the SEC are thus clear and because the SEC relies on the UCC’s definition of security, we have christened this informal authorization the “UCC rule”. The only problem in this is that the UCC is a state-adopted authority, and is thus preempted by federal laws.
Yes my friend they can...research the SEC files they have hundreds of examples...but 99% of them happen here in the OTCBB/Pink/Grey markets
I smiled with your humor...but I think the SEC is taking the right steps and the right actions to "fix" the problems of NSS in these markets. Maybe not EIGH but for all future companies who wouldn't have standed a chance "albeit they are decent companies".
Blessings sir!
Not true sir...
The burden of proof is on you ordinary...to prove they do not have the $. I am sure the SEC now knows they do have the 40 mill draw-down available.
Ask just dropped to .0104 someone else wants out...please do it respectfully! Thanks
Nice...very nice...Strong Hands are a good thing!!
No not my sells or buys...All my money is currently going into another play right now...I still hold all my IDGI...for several years now!!
Hopefully by then i will have more cash...i pray you never get to that point though!!
L2 and the timing don't substantiate that. I will let it go...no argument here!