Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"The Company’s strategy continues to follow the Judge’s Decision, and a request for review by the Division is procedural at best.
To reiterate, a petition for review is not a formal appeal.
The company intends to invoke an expeditious resolution and is developing options with its attorney."
Hows my level 2 screenshot coming? Oh yeah there no bid and ask. Hahaha
Or maybe $30. We will see soon!
No bid or ask on expert market. How are you getting level 2??
.0001 hahahaha
.005+ this week.
Possibility that the petition is declined,no?
What will drag on?
File cross-petition to have petition thrown out or file motion to affirm initial decision.
https://www.sec.gov/about/rulesprac042004.htm#411
That's no my take on it after reading the petition process on sec website. My understanding is they can file a cross-petition to have it declined. Also can file a motion to have decision affirmed. And from what I read that is also a 21 day period tops. Most importantly the petition needs to be accepted by the majority of commissioners. Which I believe will be hard to get, since it would challenge a freshly promoted and highly regarded judge.
(e) Summary Affirmance.
(1) At any time within 21 days after the filing of a petition for review pursuant to Rule 410(b), any party may file a motion in accordance withRule 154 asking that the Commission summarily affirm an initial decision. Any party may file an opposition and reply to such motion in accordance with Rule 154. Pending determination of the motion for summary affirmance, the Commission, in its discretion, may delay issuance of a briefing schedule order pursuant to Rule 450.
https://www.sec.gov/about/rulesprac042004.htm#411
That's the smartest thing you have said here. I TOTALLY agree!! When the bs petition is declined this will skip .007 and shoot right past it. Thanks for your valuable insight
The shorts should buy up shares to hedge, so when it goes pink and this round like mad they it will soften the blow.
The company will file a cross-petition or file a motion for affirmation. Either way we will know soon. Petition needs majority of commissioners. I feel it will be difficult to accomplish this. This judge is highly regarded, and doubt majority of their peers will go against them. Kind of a slap in the face.
I agree. She is doing her job, which is to win. The petition is procedural. But there is a strong chance it will be denied and initial decision affirmed. The petition requires the majority of commissioners and I feel that will be difficult to accomplish. Good news is we will know rather soon which way this goes. Have a good day!
Not sure that's how it works. I think the petition is a 1 shot deal. Either granted or denied in which the initial decision is affirmed. Imho
Interesting. So one of the options they were talking about could be filing a cross-petition which challenges the petition I assume. Another option is file a motion asking the commission to affirm initial decision. The good news is the cross petition comes within 10 days and the motion within 21 days. So we will know pretty soon. Also need majority of commissioners for successful petition. My opinion is it will be hard to get the majority to turn on this apparent highly respected judge.
(e) Summary Affirmance.
(1) At any time within 21 days after the filing of a petition for review pursuant to Rule 410(b), any party may file a motion in accordance withRule 154 asking that the Commission summarily affirm an initial decision. Any party may file an opposition and reply to such motion in accordance with Rule 154. Pending determination of the motion for summary affirmance, the Commission, in its discretion, may delay issuance of a briefing schedule order pursuant to Rule 450.
(2) Upon consideration of the motion and any opposition or upon its own initiative, the Commission may summarily affirm an initial decision. The Commission may grant summary affirmance if it finds that no issue raised in the initial decision warrants consideration by the Commission of further oral or written argument. The Commission will decline to grant summary affirmance upon a reasonable showing that a prejudicial error was committed in the conduct of the proceeding or that the decision embodies an exercise of discretion or decision of law or policy that is important and that the Commission should review.
Love*Pink, I dont have pm. But I hope your right!! Hope this petition stunt gets shut down fast and we move on! Will be adding Monday. I keep moving NFLX options profits here. So kinda house money. Goal is 10 milly but may take some time. So I'm really in no rush.
Nothing has changed. You referenced appeal, putting the word in " doesnt change the meaning my friend. And again there hasn't been an appeal. So what's your point?
Dont think so during an active case.
There is no appeal. It's a petition for review. Very different.
Isnt there a strong chance the petition will be declined??
Would die laughing if news hit that review wa denied
Wait what just happened. I was ready to buy under .002. Please manipulate it down again
.0015 please. Thanks
Good day to avg down! Just matter of time. I can wait!!
Added today. 4 milly with house money from NFLX options. And will continue to add. So don't care if goes to trips or $2 I win!!
Hope so. 1 million more for me if hits there. I'll keep buying as low as it goes
Another tidbit I liked reading in 10k was they are on month to month lease due to fact they are evaluating larger locations. That spells plans to grow to me.
Lol. So they spent 3 years and ton of money for nothing? No plan to improve finances. Stocks dont trade on finances my friend. I trade NFLX options daily. They are billions in debt, yet they are trading at 300 a share. Just sayin
250k more at .004 thanks weak hands!!
Case won, petition isnt formal appeal. It's way harder to get ruling reversed than it is to win in first place. Almost like a play being reversed in the NFL. In our case here, the ruling on the field will stand!!! Go DBMM mega profits coming our way.
God I wish you were right! I will buy as much as I can get.
Hahaha not even close. Profit takers from .0007 and weak hands shaken. Stronger base. This petition is comical. Not even a real appeal. Read a little bit and get facts before making doomsday statements
.0035 again pretty please I just wired money into account.
You were saying?! Lol
Lol feel bad for all those that panic and. Good luck getting shares back where you sold!!
Inside info huh? Must me nice to know what the company hasn't done yet!!
So from reading a little bit. It's my understanding that OTC/Pinks absolutely can be shorted. Happens every day. And the $2.50 thing is a margin requirement not a fee. The people shorting these arent avg Joe's so the margin requirement is nothing to them. Furthermore, I believe some foreign accounts dont even have that requirement.