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Nice !!!! Go Go Gadget FNDM Go !!!!
My CIBC Account shows 200 Shares traded, other board shows 100.
Vantagewire shows both ???
Anybody know what the "T" means beside one of the 100 shares traded (After Market)???
I think that this is the one that does not show up.
Time & Sales
Price Size Exch Time
t 10.00 100 OTO 16:00:44
10.00 100 OTO 12:31:46
See link below... any comments appreciated. Thanks GLTA.
http://www.vantagewire.com/company?symbol=FNDM
Mr Millions Any Comments ?
Thanks
Became Effective - 15 Oct 2010
4320. Short Sale Delivery Requirements
This version of the rule (or interpretive material) does not become effective until Oct 15 2010.
This rule was introduced with the filing of SR-FINRA-2010-028, which has been approved by the SEC. This rule becomes effective on October 15, 2010.
(a) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity.
(1) Provided, however, if a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency for thirty-five consecutive settlement days in a non-reporting threshold security that was sold pursuant to SEC Rule 144, the participant shall immediately thereafter close out the fail to deliver position in the security by purchasing securities of like kind and quantity. The requirements in paragraph (b) shall apply to all such fails to deliver that are not closed out in conformance with this paragraph (a)(1).
(b) If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a non-reporting threshold security for 13 consecutive settlement days (or 35 consecutive settlement days if entitled to rely on paragraph (a)(1)), the participant and any broker or dealer for which it clears transactions, including any market maker that would otherwise be entitled to rely on the exception provided in paragraph (b)(2)(iii) of Rule 203 of SEC Regulation SHO, may not accept a short sale order in the non-reporting threshold security from another person, or effect a short sale in the non-reporting threshold security for its own account, without borrowing the security or entering into a bona-fide arrangement to borrow the security, until the participant closes out the fail to deliver position by purchasing securities of like kind and quantity and that purchase has cleared and settled at a registered clearing agency.
(c) If a participant of a registered clearing agency reasonably allocates a portion of a fail to deliver position to another registered broker or dealer for which it clears trades or for which it is responsible for settlement, based on such broker or dealer's short position, then the provisions of this Rule relating to such fail to deliver position shall apply to the portion of the fail to deliver position allocated to such registered broker or dealer, and not to the participant.
(d) A participant of a registered clearing agency shall not be deemed to have fulfilled the requirements of this Rule where the participant enters into an arrangement with another person to purchase securities as required by this Rule, and the participant knows or has reason to know that the other person will not deliver securities in settlement of the purchase.
(e) For the purposes of this Rule, the following terms shall have the meanings below:
(1) the term “market maker” has the same meaning as in Section 3(a)(38) of the Exchange Act.
(2) the term “non-reporting threshold security” means any equity security of an issuer that is not registered pursuant to Section 12 of the Exchange Act and for which the issuer is not required to file reports pursuant to Section 15(d) of the Exchange Act:
(A) for which there is an aggregate fail to deliver position for five consecutive settlement days at a registered clearing agency of 10,000 shares or more and for which on each settlement day during the five consecutive settlement day period, the reported last sale during normal market hours for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more, provided that if there is no reported last sale on a particular settlement day, then the price used to value the position on such settlement day would be the previously reported last sale; and
(B) is included on a list published by FINRA.
A security shall cease to be a non-reporting threshold security if the aggregate fail to deliver position at a registered clearing agency does not meet or exceed either of the threshold tests specified in paragraph (e)(2)(A) of this Rule for five consecutive settlement days.
(3) the term “participant” means a participant as defined in Section 3(a)(24) of the Exchange Act, that is a FINRA member.
(4) the term “registered clearing agency” means a clearing agency, as defined in Section 3(a)(23)(A) of the Exchange Act, that is registered with the SEC pursuant to Section 17A of the Exchange Act.
(5) the term “settlement day” means any business day on which deliveries of securities and payments of money may be made through the facilities of a registered clearing agency.
(f) Pursuant to the Rule 9600 Series, the staff, for good cause shown after taking into consideration all relevant factors, may grant an exemption from the provisions of this Rule, either unconditionally or on specified terms and conditions, to any transaction or class of transactions, or to any security or class of securities, or to any person or class of persons, if such exemption is consistent with the protection of investors and the public interest.
(AADR) WCM/BNY Mellon Focused Growth ADR ETF
As of: 10/12/2010
NAV $28.65 Closing Price $28.76
Change $0.16 Change $0.13
Shares Outstanding 250,000 Volume 1,975
4PM Bid/Offer Midpoint $28.67 Premium/Discount $0.02
Assets Under Management $7,163,217.11
(GRV) Mars Hill Global Relative Value ETF
NAV $24.90 Closing Price $24.92
Change $0.02 Change $0.02
Shares Outstanding 1,750,000 Volume
4PM Bid/Offer Midpoint $24.90 Premium/Discount
Assets Under Management $43,574,034.08
I think that things might heat up around the 20th.
See the following link, and look Middle Right:
http://advisorshares.com/
Thanks
Calendar
Oct 20th - AADR Webcast
WCM/BNY Mellon Focused Growth ADR ETF (AADR) 3rd Quarter 2010 Live Webcast with the AADR Portfolio Managers (NOTE: Financial Professionals Only)
Oct 21st - GRV Webcast
Mars Hill Global Relative Value ETF (GRV) 3rd Quarter 2010 Live Webcast with the GRV Portfolio Managers (NOTE: Financial Professionals Only)
This is what I sent to them: (Hope I did not insult them ) ;)
Good afternoon;
I am an investor that has some money invested in your Company. I was somewhat surprise to see that after not being able to keep (FNDM) on the OTC Board and being moved to the Pink Sheet, that it then moved to a 1/120 share reverse split and re-created a "New Company" under the current trading symbol (FNDMD). I would like to know if you could tell me what future plans are for this newly formed Company (FNDMD).
I believe that you owe a few NR's to us shareholders to at least tell us the current future plan for this newly form Company.
Thanks in advanced.
Respectfully.
I have sent an e-mail to IR two days ago and did not get a reply yet.
I will post if I get one.
Thanks
I agree with you, we need News Soon !!!! Please !!!
Where do you see the etf...... at almost 6.4 million.....
Can you provide link please - Been trying to find it and not able to ??
Thanks
No. I confirmed this morning... If your conversion gives you 83.3 shares, you should see 83 shares in your account.
Not fair, I know mine end up with whatever .6
I am not sure what happen with the . something ... in your case .3
I think that your brokerage house would have to pay you the value of the closing trade of the day of the conversion.
In our case, it is $12.00 that it closed at.
So you should be getting a cash value of .3 X $12.00 as cash in your account ... that translate into = $3.60 Dollards
Hope this helps !!!
GLTA
I am with CIBC Investor Edge... Mine shows the old amount too... but when I try to put an order in as FNDMD it says that I do not have any shares in my account ?
Did you put in your Sell as FNDMD or FNDM ?
Thanks
Does your RBC DI shows the new "RS" shares or the old amount ?
Thanks
Patience is a virtue I guess.
At what price did you put them up for .... Don't really need to tell me, but, I am with CIBC and they told me this morning that I can only put them up for no more than 25 % increase from the current value.
Current value is $12.00 so I can sell them for $15.00 ... YEAh Right ??
So I guess that we have to wait until we start trading and then call our broker to put the order in .... but at no more than 25 % up from the current valued price... just does not make any sense to me ...
As far as seeing the "True" amount of shares "Conversions" in you account... they told me that it could take up to 10 working days.... but they can sell them for you over the phone... you just can not do it on line as of yet... until they have converted them.
Hope this helps.
Any comments... Thanks GLTA
FNDM # 8 on the breakout board!!
Hope that this goes way up by end of Month (Thursday), as NR should be really close now. GLTA