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Vertical farming in Singapore: I saw a spot this morning on BBC America financial news on vertical farming. I was hoping that Alterrus would be featured but it showcased a Singapore company called Skygreens. Here is their website:
http://skygreens.appsfly.com
Let's just hope that any exposure to the technology as a whole is good exposure and helpful to Alterrus.
Can you be more specific?
Best wishes to everyone for a transformational 2013. My wish for 2013 is that it takes us from a time where we think "it's too good to be true" to "it's good and it's truly happening." And for all Alterrus investors, let 2013 be the year when that becomes our reality.
If everything is sound then there is nothing to worry about.
Why is it that for every forward-thinking person in government there are 10 people like this NPA Councillor? I guess you know the Company is on the right track (for the world) when you see the attacks arrive. I hope there are some supporters with clout who will stand up for Alterrus in Vancouver.
Upshegrows (or anyone else), do you have any idea why this press release was needed?
http://finance.yahoo.com/news/alterrus-systems-inc-responds-public-143000672.html
News, volume and a sensible bid! Congrats to all longs who have held on through numerous disappointments. Congrats to me for having picked one authentic company and one that fits my vision of the future.
http://finance.yahoo.com/news/alterrus-systems-inc-celebrates-inaugural-180000098.html
I've noticed that those trades designed to manipulate the price lower seem to have a signature quantity of triple numbers, like 111, 222, 555. Unless some bad news surfaces, I don't think there are shares available at .06. At least I never seem to be able to buy them!
Press release:
http://finance.yahoo.com/news/alterrus-announces-first-customers-local-193600580.html
Not sure why they waited until so late on Friday to release this but hopefully we'll see some activity on Monday as a result.
I'm in the same boat and told the board about it some weeks back. There is no official DTC chill in effect. It seems that the risk dept of individual brokerages can decide to "chill" on their own if they are concerned about settling trades. I emailed CBIS and they said they were aware of it and had their legal guys working on it. I'm not a US citizen so cannot easily move to another brokerage but perhaps you can.
And on the matter of TD not showing volume on CBIS, I have that happening with other OTC stocks as well. Maybe it's a problem with the OTC data flow connected to Sandy?
Thanks LiquidCourage, very exciting!
Wish I knew. I haven't been able to find anything more than what upshegrows has already posted. It kind of looks like they're behind schedule but at least it's really happening.
Thanks Baranuuk. I see it's back to .045 on low volume. I was sorely tempted to buy 10 shares at .07 and play the same game. But I really don't think anyone is willing to give up their shares for .045 so I expect it to go back up soon enough. Interesting idea about the dividend.
Never mind, stupid question -- to get cheap shares.
Question for more experienced traders: what would be the point of trying to manipulate the share price lower? IHUB shows the short interest at only 4,000. First thing this morning, 5,000 shares sold at .0395. I placed a buy order for 8,000 at .05. Someone's looking to purchase 50,000 at .055 and the ask is .065. From my recent experience, shares at the lower prices are just not available. So why would someone want to drag the price down? Just for my edification.
I've been nothing but wrong on my stock picks (except silver) but I just can't see how this won't succeed. I love the concept of urban vertical farming, I really like the thought that went into the new name, I'm encouraged by the fact that they've hung in there through seriously lean times. And they don't put out PRs until they really have something to say. Yes I have high hopes.
Newmedman, thanks for the info and your time. This is my last post on the matter but thought you'd be interested in what TD had to say, or more accurately, didn't have to say. I can feel exasperation in the tone and there is no supporting documentation. Wow! Guess the consensus on TD is spot-on. In any case, I have emailed CBIS with the details and if they can't get it sorted at least they can make their transfer agent aware that it's happening. Good luck to the CBIS longs in this election run-up.
From TD Ameritrade
This security CBIS is currently chilled for deposit with the DTC and is only good for regular DTC delivery. This will remain restricted to DTC chill here at TD Ameritrade, with closing transactions only as there are still issues settling deposited shares. My only thought as to why other brokers are allowing trades would be that they are willing to take the risk of their trades not settling properly. We are not willing to take that risk. Please let us know if you have any other questions.
Sincerely,
Justin Winter
Trade Resolution, TD Ameritrade
Division of TD Ameritrade, Inc.
Response from TD:
Thank you for contacting us and we apologize for any inconvenience this is causing. The reason you're not able to purchase additional shares of CBIS is because of the industry wide DTC "Chill" restriction. This prohibits a clearing firms' ability to settle trades and prevents book entry deliveries. When an issue is designated as DTC chill at DTCC it is not eligible for physical deposit or delivery through the DTC. This restriction prohibits a clearing firm¿s ability to settle trades once their book entry holdings are depleted.
At this time, there is not a set timeline for if/when the restriction will be removed. However, once the industry wide "DTC Chill" restriction is lifted TD Ameritrade will re-evaluate whether the issue will be allowed to be traded again.
I hope that this helps to better explain the message you received when placing your order. If there is anything else we can do for you, please reply to this e-mail. Your business is appreciated and we want to make sure we've addressed all of your questions and concerns.
Sincerely,
Justin Winter
Trade Resolution, TD Ameritrade
Division of TD Ameritrade, Inc.
My follow-up:
Thank you for the response. What do you mean by "industry-wide"? If this applies to CBIS, why is it not on the DTC list? Why are other brokers (e.g., Fidelity, Scottrade) able to process orders? Here is the "C" section from their website.
12619H100 CO2 TECH LTD…CTTD Suspension of all Services ex CS
131720104 Calypso Wireless Inc.…CLYW… REVOKED
132133109 Cambrian Systems Incorporated...CAMS--- Suspension of all Services ex CS
133223602 CAMELOT ENTERTAINMENT GROUP…CMGR
133223701 Camelot Entertainment Group, Inc.…CMGR
137693107 Cannon Exploration Inc.…CNEX Suspension of all Services ex CS
141335109 Carbonics Captial Corporation ….. CICS Suspension of all Services ex CS
14160L506 Cardio Infrared Technologies, Inc.…CDOI
14739W207 Cascadia Investments Inc.…CDIV
14949R105 Causeway Entertainment Co.…CIST
12507U106 CDI Developments, Inc. Suspension of all Services ex CS
16890B104 China Changjiang Mining & Energy Corp.…CHJI Suspension of all Services ex CS
169364106 China Adnet Enterprises…CAEJ Suspension of all Services ex CS
169382108 CHINA DIGITAL MEDIA CORP…CDGT Suspension of all Services ex CS
16938L106 China Gold Corp. [color=red]Suspension of all Services ex CS
16942V108 China Jiansu Golden Horse Steel Balls..No Longer Trades Suspension of all Services ex CS
169442100 China MediaExpress Holding, Inc.…CCME Suspension of all Services ex CS
16949U103 China Food Services Corporation.........GDHI
16946A100 China Voice Holding Corporation.....CHVC Suspension of all Services ex CS
171127103 ChromoCure, Inc…..KKURSuspension of all Services ex CS
171334204.. Church & Crawford, Inc..... CCWT
172565202 Circle Fine Art Corporation …..CFNE
174445106 Citizens Capital Corporation ….. CAAP
125649400 CLX Medical, Inc............CLXM
18682T202 Clicker, Inc. ….. CLKZ
189098106 Cloud Centric Systems, Inc.…CLDR Suspension of all Services ex CS
189869100 Coachman, Inc. …..CINC
19049P107 Coastal Pacific Mining Corp.…CPMCF
19647Y302 Colorado Goldfields, Inc.…CGFIA
196910103 Colorado Wyoming Reserve Comp any …CWYR
M2514A108 Comet Software International ….. CHLDF
205685100 Comstock Industries, Inc. ….???
206575102 Concordia Paper Holdings, Ltd …. CCNCF
20752L101 ConnectAJet.com, Inc. (f/k/a Source Venture Capital, Inc.)… CAJT
22004M101 Corporate Universe, Inc......COUV
16942T103 CHINA NUVO SOLAR ENERGY, INC...CNUV
20029N104 ComCam International, Inc............CMCJ Suspension of all Services ex CS
21750M109 Copper King Mining Corp.. CPRKQ Suspension of all Services ex CS
22743P100 Cross Atlantic Commodities, Inc. Suspension of all Services ex CS
228691200 Crowne Ventures, Inc...........CRWV
221737307 COTTON & WESTERN MINING…CWRN
22938P105 Crystal Properties Holdings Inc.…CPHG
23282B403 CytoCore, Inc........ CYOE
232825109 CytoGenix Inc.…CYGX
If I am missing something, my apologies. Please provide the link to the DTCC info that proves CBIS is under DTC chill and that this is not just a TD Ameritrade issue.
To be honest, I don't expect to get anywhere. What I've learned from investing in the US stock market is that the whole thing is a thoroughly corrupted racket. And yes, I'm sure that is true in other countries. I guess it doesn't help that I have invested in progressive and counter-culture stocks that are already swimming upstream. I continue to hope ...
Strange trades -- I've purchased just under 80,000 shares over the past few days and after the initial block of a few thousand, couldn't get anything below .055. But then, after my trades went through, these .042s show up again, about 3 times, all after my trades (which took several hours) were done. Peculiar. Like someone's purposely trying to bring the pps down.
I've queried the situation with TD, will let the board know what they say. I referenced the DTCC site search and made sure to use the term "trade for trade designation", so we'll see.
No problem. I don't monitor this board too much, I bought CBIS back when the dividend was offered. I'm in the red now and was hoping to improve my average. I also bought the famously locked e-cig when it was pr'd as a new JV with CBIS. I learned about DTC locks the hard way with that one, where I'm still stuck. Like I said, TD definitely won't take my buy order but would take my test sell order, which is strange. The message it gives on attempting to place the buy order is:
Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade.
Oh well, thanks for the input.
If I was a US citizen I would have other options, but TD was the only brokerage I could open an account with (I live in the Caribbean). Since I was hoping to add to my existing position (taken in 2010), I can assure you I'm not selling fear. Just wanted to know if anyone else has had this experience and judging by a previous response, others have.
Clarification -- I can sell but can't buy.
DTC chill? I can't trade on TD Ameritrade -- indicates a DTC chill in effect. Anybody else having this problem?
Thank you GWMAN for elucidating some good reasons for us "silent" investors to hang in there with a company we desperately want to work.
Don't overlook the significant customer base of non-smokers who are concerned about the smokers in their lives and are willing to try e-cigs as healthier replacements at the very least. I ordered the V2 brand for my sister, which is working well, but I plan to order RE/AL as soon as it's available, for at least 3 smokers in my life. And this is where the QVC audience (full of nurturing women) comes in.
Will do. I just quickly read the report from Green Chip Stocks, which I can't post because it's a private newsletter, and then read some of the more recent news releases. I was one of those people who jumped in as the numbers were running up from .70. The alert calls it a strong buy anywhere under .80, but not for the risk-adverse. I have read about other promising solar technologies, like solar paint for example, but often these companies are not traded or are scooped up by larger interests. So I'm excited about the concept.
Green Chip Stocks issued a buy alert. Said it was a high-risk stock but also potential high reward on a game-changing technology for solar.