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Received mine in my Etrade...
Yeah, but when I say stupid things people get on this board and talk. It's hard to find information about these companies as a novice, anyway. So why don't you smarties throw out more links for me to troll....
Google it.
Google it...
Hey, I checked MSN Money Central a few days ago. There's actually a PE on EATR. Somebody explain that to me... Also, keep in mind....BNETTV IS A REAL BUSINESS. As lame as the former WINMAX has appeared in the past, what I am banking on is a seachange of sorts. Not a bad bet from the perspective of BNET and so little money tied up. My own opinions, of course..
Yeah Ivan!! I'm a buy & hold also for the bnet entity specifically. I think its called...hmmm...speculation?
Every company on an exchange started out NOT on an exchange.
I believe this is how small amounts of money are lost or large amounts of money are made, and I've been in a while, buying on dips. I know...big long dip now.
Can you put this post on top so we don't lose it? TY
Good advice WallEye...
Thanks!!! Appreciate your help.
So Natit, if you don't mind saying...do you have shares, who's your broker and what are they telling you? If too personal that's ok. I just wish we could all compare notes here. I suspect some are like me, novice traders and not sure how this all workks. I don't want to get left plummeting toward earth because I didn't know how to pull the ripcord!!
It's about trading them once they become unrestricted. IN this scenario I can see myself waiting on paperwork or process to happen before I can trade mine while people with other brokers are able to trade theirs. I think we all need to ask our brokers these same questions since this is supposedly a rare occasion
The July 29th release discusses the restriction issue. No date or specific event is listed, but one would assume the inference is when they go public...IMHO
Good Luck! I've been talking to my local Scottrade office. The tale they spin is...I have to request the certificate for my shares, which I did, which will take 2-3 weeks to receive. Then I have to...at the appropriate time.....when the restriction is lifted from the shares.....yadayada....in what sequence I'm still not sure because the broker essentially told me I could take my account elsewhere and cut the call short....anyway...., I have to "take" the cert to the transfer agent and get the restriction lifted before I can trade them. Meanwhile the stock, when it goes public (which I keep getting wind of and am praying for!!!)could rise and fall. And even if it doesn't rise & fall...shouldn't I be able to trade this when it's tradable? I understand discount services vs. full brokerage services but this is worse than boxing my own groceries! (Somebody will now tell me I should have read the fine print. I ask, how could I have anticipated this scenario...)I understand logistics are involved but what I'm getting from others is that their discount broker does the work for them. Then there's the $95. fee for this process. I suggest all with Scottrade inquire about the process. I have a friend in another state who's with Scottrade who received an entirely different story that's even worse than mine. I'm sure they don't want to deal with my small sum of money but, from a doing business standpoint...what if it becomes big money. Will they want my business then? And don't even ask what they told me about the shares I hold in my Roth...it's a nightmare on bread with butter & jam. Me, the bread who got buttered & jammed. I hope you Scottraders on here will post your responses from your local brokers so we all can understand what's going on.. And..be sure to ask specifically if your money is in a Roth or an IRA... Also all of you with other brokers..please tell us if you have called your broker & received a clear explanation about how they handle this process. Perhaps I'll take my brokers advice and move to a different broker. I strongly suggest everyone understand the process for yourselves.. Hope this helps someone!!
Read my post earlier regarding my conversation with my Scottrade broker.
TY Natit...I'm talking with Etrade
This figure is in line with the announcement.
Have any of you figured the ratio of shares you received and does the number correlate with the post I'm responding to.....
TY!! I'm talking to other brokers now to see how they will handle this if I transfer.
Thanks ste... Will you have to jump thru the same hoops I'll have to or have you asked your broker? Who is your broker again. TY!!!
I've yet to see a shareholder of date for the second distribution and believe me...I've been looking. Anyone know????
Also ...do you seasoned guys out there know how we can expedite this process in a better fashion to our advantage...change brokers maybe???
Just talked to Scottrade. Told them others were getting their shares..where's mine?? ST said some brokerages show shares on payday but it's ST's policy to wait until they get the shares before showing them in my acct. Said this is a unique situation. Said shares would be restricted. ST will mail me my certificate when they get it then I have to take it to the transfer agent. He will lift restriction (at appropriate time, of course)so I can begin selling the shares. ST charges $95 per transaction so if the distribution of shares is in 4 increments...4x$95...
Please tell me...all of you...do your brokers operate the same way? Has anyone dug into this enough to know how it will all play out? Please share any info & we can help each other make $$$$!!!
I spoke to a man at EATR and he told me the second distribution would be made in the last qtr of this year....which is about now.
What did your broker say? Anybody else call their brokers? Would anyone please share info with me. I'm not sure what to do at this point.. TY!!!
And sometimes they do......
Thanks. the date of this article please?
Why am I not surprised.....
OOOOOO, Ahhhh, OHHH.
I think the strength of the positive thesis I see here will be based on BNET. When we find out who is at the helm of BNET we'll feel better. Until then it's all barely comfortable conjecture based less on Sklar (sp?) and more on the business of BNET. Great board & input here. Thanks all.
So the pittance they'll have to pay on EATR/BNET is no big deal to them..
I tried to look up NITE. (Not familiar with penny trading) Found Knight Capitol which is now KCG. Better put the question...what is NITE? PS..I'm in EATR for the long haul & believe in BNET.. Shorts have to cough up the BNET just like they have to cough up the EATR. HOW..is their problem...so sez my brokerage house..a major one.. What say you all...
Is NITE KCG?
I'm in for the run. Please tell me what boards to hit????TY
Okay, Sherlock. Say it is Wehrs...very likely it is? Could he post here? Wouldn't that be a breech of ethics or something illegal with the SEC? And... doesn't his presence make the chance of BNET being something profitable in direct proportion to his credibility and reputation in his given arena, wouldn't you say? This makes things look better, I think. Upside looks better and downside looks no worse. I'll take that.
No but I subscribe to BNET...like the content... and have trolled around the site thoroughly & read everything I can get my hands on.. I believe the company is well run in terms of what they produce. I can't know how well the business of the business is being handled because we aren't privy to this information. That's my concern and why I wonder if somebody else might be in charge, given the negative info here about Sklar. BNET is a little hot spot inside a great big hot spot. Tech is easy to sell and good tech content is a slam dunk. It's all about the apps, information. This co. has a hx and reputation that could easily be scooped up. I think this is where the money is buried if there is a treasure to be found.
ty CJ925
FREUDIAN SLIP ON THE EATER THING....
IF BNET DECIDES TO GO PUBLIC, WON'T THEY HAVE TO DO SOMETHING OFFICIAL TO MAKE THIS INTENTION KNOWN? WON'T INDICATIONS OF THIS SHOW UP SOMEWHERE, LIKE SOME SEC FILING OR SUCH? IF SO, WHERE DO I LOOK FOR THE INFO. DOESN'T THE INTENTION HAVE TO BE PUBLICLY ANNOUNCED? I FOUND EATR THROUGH BNET. WAS LOOKING FOR A JOB ONLINE,FOUND BNET AND WORKED BACKWARDS TO EATER. SEEMED FUNNY THAT MOST PRIVATE COMPANIES HAVE A PAGE ON THEIR SITE TELLING WHO OWNS AND RUNS THEM, ETC.. I CAN'T FIND ANYTHING CURRENT FOR BNET. IS IT A SECRET OR SOMETHING? IS SKLAR STILL IN CHARGE? JUST TRYING TO WEIGH UPS AND DOWNS TO FEEL OKAY ABOUT HOLDING ON TO EATR STOCK. A WEAK FORM OF DUE DILIGENCE I GUESS.. MMD YOU CAN CALL ME STUPID IF YOU ANSWER MY QUESTION LIKE A SMART GUY WOULD....
TY, nice person....
Oh, and my wise friend also told me what would happen to the shorts. Yeah...oh yeah. I was just hoping for some friendly advice here or words of encouragement. CVS1..where are you????