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"Simple HIPPA"
The company needs to adjust its documentation to the proper acronym. The Health Insurance Portability and Accountability Act of 1996 is abbreviated to "HIPAA", not "HIPPA".
short squeeze soon, imo
Update: it looks like the filings have disappeared
http://online.wsj.com/article/BT-CO-20110616-715151.html
would be nice if the company ever mentioned anything about a "hold"
but alas, they did not
so I have no clue what you are talking about
great post, sums up the issue at hand pretty succinctly
Everything must be traded by physical cert as per the comment below from the Senior Director of Compliance at Etrade. So there should not be any fails or shorts in eigh.pk.
So yes somebody call the cops. 1 share, 17,100 shares, 30,034 shares or 43 million shares; is there an acceptable level of stealing or naked shorting?
And a share imbalance is not the difference between fails to deliver and fails to receive. lololissimo!!!
It is the difference between what shareholders hold in their accounts and what the broker dealer holds in their vault in street name on behalf of shareholders.
And we are about to see how big that imbalance is for Etrade.
If Etrade is short in a stock that must be matched up by physical certificate, that would suggest a very big problem for Etrade.
From: Arndt, Paul F
Sent: Monday, April 25, 2011 8:23 AM
To: 'Eberhart, Courtney'; Dror, Eli; '@tbgfund.com'
Cc: Fioribello, Paul; Bishop, Robert L; Baker, Anthony
Subject: RE: 8000 Inc (EIGH.pk) Shareholder complaints and discrepancies
Currently we hold the following
Fail to Receive 95,167 shares
Fail to Deliver 78,067 shares
Firm name (Physical) 43,196,703 shares
Physical Box 97,766 shares
---------------------------
"Because EIGH is a non-DTCC eligible security, Firm and/or client holdings (inventory) are held in bulk physical certificate form. Trades and transfers in EIGH are settled via physical delivery of certificates. "
Very truly yours,
XXXXXXXX XXXXXX
Senior Director, Compliance
E*TRADE Clearing LLC
They're eliminating most of their current shareholders.
i am sure even with the change, it will still be smoke and mirrors
I guess UBSS and ETMM are just getting an early start
part of the rules aren't effected until May 9
"require an OTC Market Maker, subject to certain exceptions, to display the full size of customer limit orders that improve the price of the marker maker’s displayed quotation or that represent more than a 'de minimis' change in the size of the market maker’s quote if at the best bid or offer (BBO)."
http://www.finra.org/industry/regulation/notices/2010/p122115
MM Bid/Ask sizes
interesting, it appears that ETMM and UBSS today are posting bid/ask sizes other than the norm on many of the OTC stocks
i thought that was one of the stipulations of the rules that went into action back in February...but haven't noticed it until today
the attached Request for Comment
http://www.sec.gov/rules/other/2011/34-64383.pdf
it appears you failed to read the internal emails in today's PR.
in reality, i'm willing to be it happens more often than we think
nice to see something first-hand that happens so "rarely" in the OTC's ;)
it is absurd for anyone to think of it as a "pain"
that is why brokerages set a price for ordering certificates, and offer that service for their clients
lololissimo
Why It Matters That SEC Administrative Pleadings Aren't Public
http://westlawnews.thomson.com/Securities_Litigation/Blogs/Securities_Law_Observations/Why_It_Matters_That_SEC_Administrative_Pleadings_Aren_t_Public/
i'd say 1000 sounds very realistic
especially if we are to believe quotes like
"More than 90% of all people involved in the markets don't play pennies, and don't even know they exist."
&
"The vast majority of people active on message boards are longs."
lmao
conditioning by rote indeed
great post, sums a lot of it up nicely
thanks for hosting this board
Things look good around here;
The boys are in the parking lot still drinking beer.
I don’t know if I’m ever going to get them inside.
It sound like a party out there.
No worries,
No cares.
Things look good around here.
MYFT - nice ask slapping...anyone wanna provide some bid support?
good things to come here though
yes, really
the market does not close early today.
nope..has not worked worth a crap for most of the day
towards the bottom of the "About Us" page
http://investorshub.advfn.com/boards/about.aspx
I keep the L2 up along with my other holdings and always notice the flurry of buying that always seems to come in right before EOD
so thanks to you and others for continuing to support the PPS!
I will add more as I can
I hope so...I took a small position about 6 weeks ago at .045 on that small spike...thought we were breaking out of the downtrend then, but I was wrong
excited about this company and its potential in 2011
it was up as soon as the PR went out...just didn't have the correct label as was designated in the PR
actually, I have a very good idea of who owns them...and I dont think they are going to be dumping anytime soon
this float is tightly held!
oh ok, so what you're saying is that the whole idea of ordering NOBO/OBO lists is pointless and doesn't prove anything in the first place
well well then, how do you account for the discrepancy reported in todays PR?
CDIV has great potential for huge gains from this point with so many shares held close to the vest. Stock Market 102
lol, it clearly states that over 90% of the float is being held by shareholders
but I don't need to resort to a personal attack to defend that
unfortunately, the news has no verification of that at all
it verifies the current amount held, which is an extremely high percentage of the float!
and isn't it awesome to know, that at a minumum....94% is being held by investors!
wow!
if the news gets out of how much this thing is accumulated...it wouldn't take much for a big gain from here!
well I have good news for you, the sharecount released through the PR today shows otherwise
a small investment of CDIV at these levels could equal huge gains in the near future
it's a good feeling, isn't it?
you gotta admit as moderator, that with shares being tightly held, and the float being so very closed to locked...that you are holding a great investment, with solid potential for gains
it's a wonderful feeling isn't it?
actually, the PR today is hard evidence to the contrary