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Furthermore, it appears that some of these banks make more business with short (banks about which I speak) What does all this ?: a good thing or a bad thing for OTC? Is this a death notice for OTC? Does KCG measure in the interests of US investors? Because KCG pushing for banks to limit the options to Europeans
KCG lock OTC
lock OTC
lock
Well. You can joke. But first, European banks will block and prohibit purchases and sales on the OTC market. If so, this does not seem a good thing for you, if you are American, as this limits the entry of money. Second, KCG wants to take large amounts of shares at ridiculous prices. Because? What for?
KCG offers to buy my 79 million shares of PRPM for 1 euro. I reject this.
Alert. Alert. Bizarre machinations of KCG to pressure bank customers to panic selling. They warn Spaniards to sell their shares threatening a total lock from December 31. My bank is Selfbank. But it seems that these machinations reach many non-American banks. What's going on? ¿PRPM will be blocked stock to potential European investors and restricted exclusively to Americans? What will happen to the blocked shares held by Spanish shareholders or European ?. I guess today's small sales are SelfBank customer orders.
Addendum: It's strange. But initially blocking KCG not affect PRPM, but in early December has also decided to lock PRPM. PRPM managers can know something about this lock.
Quote ( Spanihs): " He estado mirando y preguntando por todas partes y te digo lo que me he encontrado.
ActivoTrade parece que también los ha bloqueado.
En Interactive Brokers no me aceptan el traspaso, si bien ellos parecen operar.
En Bankinter parece que solo operan con valores OTC que cotizan por encima de un euro, porque lo que no me sirve.
En E-Trade me piden 10.000$, pero tampoco me han asegurado si como extranjero me darían de alta.
He hablado con Scottrade, y sólo abren cuentas a americanos o ciudadanos chinos, taiwaneses o de Hong Kong.
En CaixaBank, Norbolsa y algún otro banco que he consultado no operan con ellos.
Renta 4 e Inversis me dicen que no los ofrecen.
Estoy a la espera de que me conteste TDAmeritrade, pero me temo recibir la misma respuesta de Scottrade.
Me temo que lo del traspaso es inviable frowning
Estamos jodidos."
LINK:
https://comunidad.selfbank.es/t/informacion-importante-sobre-el-bloqueo-de-valores-otc-iii/221/23
https://comunidad.selfbank.es/t/informacion-importante-sobre-el-bloqueo-de-valores-otc-iii/221/23
Therefore, these small sales may be a result of fear of non-US shareholders
KCG announced to the Spanish and European shareholders to be locked PRPM. . This blockade is unilateral, one-sided, that is, KCG will not allow transactions to buy or sell the Spaniards and Europeans. My bank (Selfbank) says that KCG offer to buy for 1 EUR the total lot of shares PRPM ( until December 31). From this date, no European shareholders may purchase shares of OTC except if he has any US bank account. Does anyone know anything ?. Perhaps this broker is interested in creating fear or shareholders this is a particular problem of a Spanish bank? The truth is that no Spanish bank will allow OTC transactions, and believe that no European bank either
Hello. Can you tell me some email via PM? I can not send PM
Who is CEO now? : Luther or Vakser?. It seems that the CEO is Luther. See the file now otcmarkets
They continue to spend money and have a letter signed by the attorney. They also spent money to blow up the stock 0.002. They continue to spend money now to get the level of current information and the lawyer is working towards solving the problem of global lock. Patience. Unfortunately, the buying capacity is blocked.
Fire, I do not understand how it is possible that there are still trade here when many people can not buy. I can not buy, I can not sell. But I will not open another account to buy; I guess many people find limitations like mine.
I believe the company is working hard to solve the problem of global lock. But my question remains this: how to trade hundreds of millions of shares is possible if many people do not want or impossible for them to buy shares?
But who may want to buy this? . Who can buy when it is increasingly evident that Luther is a puppet or perhaps a fictional character? (How can a civilized country allow a fictional character can use a stock to steal with impunity)
Who would want to buy this if Vortex and Kolbe have fled because they already know that this was a scam?
Who would want to buy this if all the promises were lies and smoke to dump billions of shares?
Who would want to buy this if everyone knows that the global lock does not allow shareholders to sell their shares and that any sale is a continuous dump?.
Note: I have not sold my shares because the global lock does not allow me to sell.
TY. For me it's disquieting commentary that appears on FB and Kogan says he knows nothing about PRPM. But on the other hand, if Kogan appears linked through otcmarkets PRPM, it is logical that he reacts to dismiss this false linkage on otcmarkets
But he also works for PRPM or not?. Does he know or not know Luther?
I read a post on FB that says Kogan does not work for PRPM and knows nothing about Luxuriant. Does anyone here know if Kogan really serves to PRPM? This is very strange if Kogan appears as legal consultant for PRPM in otcmarkets.
Obvious?. How is this possible if the majority of shareholders can not sell their shares?. For example I can not sell or buy this.
Most shareholders would like the global lock is lifted to get rid of these worthless shares.
I can not buy shares at these prices. I work with a European bank that never creates trouble buying or selling in the pinksheets. So I guess that very few retailers can trade this now,that is, that most people can not trade . So how volume is explained during these past few days? What mystery is there?
I wonder if APT could be one of the great diluters of PRPM shares ... or Edward Vakser was more cunning and more diluted. Anyway, it appears that APT sought another stock to keep diluting and appropriating the money of shareholders here. Hopefully I'm wrong, but OTC is hell without law to gouge people. Sad. Does this market is possible in a Legal Democratic State? Because OTC seems a place for white-collar crime or fraudsters can steal money from workers ..
I do not think so. David sold his shares when the stock was pumped? Another Davyd received restricted stock? Where are these restricted shares if Davyd gone and broken the relationship with PRPM?
Probably the truth is that neither David or Davyd believe in the word of Luther, that is, they do not trust the word of Luther. But who believes Luther?
Luxuriant Holdings : Scott we have no issues with the SEC the situation is totally different. As I stated before we have done nothing wrong we are fixing a corporate issue from 5 years past with the dtcc. I cant comment on the resolution until it is 100% accepted.
You are right. It's true. For my part, I continue to support the company and I believe this stock has a good future. I wonder in such negative circumstances, the global lock which prevents many people buy and sell, why there is an increase of AS, except that the company is really trying to make a clean and cancel the global lock? When the problem is resolved, this has the possibility of taking a path to the sky
TY. Archih, companion, after this test, some people here will know what people are strong and able to support a stock full of potential. If Luther meets promised, some of us will be very happy. And some of us are going to have great capacity to support another big project. Although I keep a lot here.
Why today the actual volume does not match the graphics on Ihub? The volume represented by these graphs is well below the actual volume (158 million)
Nobody should expect my sale. I am stoic. In a previous life I was one of the musicians of the Titanic. Therefore, I will sink with this ship, or I'll be a millionaire. lol But what inevitably be, will be.
I hold over 73 million shares, without fear. If I lose everything, I accept this defeat. But if I win, I'll be rich. Or all or nothing. Win or lose. But I'm here from the time this stock was worth absolutely nothing.
http://www.koganlaw.net/Practice-Areas/
Staten Island Securities Arbitration Law Firm
Business leaders, investors and other clients who turn to the Law Office of Simon Kogan receive dedicated personal attention and the full benefit of my nearly 30 years in practice. I emphasize thorough analysis of issues and legal options upfront in every case. In addition, my use of leading-edge communications and case management technology — including Microsoft 365, SharePoint and CaseMap software — contributes to maximum efficiency in all I do.
Corporate Financing Initiatives · SEC Reporting And DTCC Issues · High-Value Investor-Broker Disputes
My experience earning favorable results for my clients extends across an extremely wide range of complex concerns in the areas of securities law, corporate law and civil litigation. Based in New York City, I have represented clients from locations across the U.S. and elsewhere in the world, consistently forming collaborative working relationships based on honesty, trust and integrity. Established areas of focus include:
Corporate finance. I have identified and executed solutions for many companies, across various sectors of commerce, that need to attract substantial investment capital in order to achieve listing on major exchanges and other goals. Clients turn to me for specific experience with public shell company acquisitions and reverse mergers.
Securities and Exchange Commission (SEC) reporting services. Offering flat-fee and monthly billing arrangements aligned with clients' needs, I am adept at preparing required disclosures, ensuring regulatory compliance and assisting with matters of corporate governance.
Depository Trust Clearing Corporation (DTCC) issues. Clients facing initial DTCC eligibility challenges and potentially devastating deposit chills and global locks turn to my firm for the specialized knowledge and procedural experience required to overcome these hurdles.
Investor-stockbroker disputes. I have decades of experience as an attorney-advocate for investors and an arbitrator of complex matters involving alleged securities fraud, misrepresentation, churning and other issues.
If you are looking for a Staten Island securities arbitration law firm where your case will be a priority and you can count on forthright legal guidance directly from your lawyer, I will help. My extensive, in-depth knowledge of corporate finance options and regulatory affairs may be a critical asset for the advancement and sustainability of your business.
To arrange an initial consultation at no charge, contact me, Simon Kogan, at 800-672-7164 or via email.
TY. See this: http://www.koganlaw.net/Articles/Dealing-with-deposit-chills-and-Global-Locks11613-1444.pdf
The Depository Trust Corporation is a registered clearing agency that clears virtually every
securities transaction in the United States. Depository to the depository trust Corporation only
offers its services to “eligible securities.” Generally, eligible securities are those that: (i) have
been registered with the [SECJ pursuant to the Securities Act of 1933, as mended ("Securities
Act"): (ii) are exempt from registration pursuant to a Securities Act exemption that does not
involve transfer or ownership restrictions; or (iii) are eligible for resale pursuant to Rule 14 A or
Regulation S (and otherwise meet DTC's eligibility criteria).
See DTCC regularly reviews issuers to ensure that only eligible securities utilize the system.
When D TCC suspects that securities may not be eligible it routinely restricts access to its
systems.
The imposition of a chill or a lock can be devastating to a company. When a company’s stock is
chilled or locked investors will be unlikely to make investments into the company. Company
shareholders will also find it extremely expensive to transfer shares or make purchases or sales
of the company stock.
D TCC restricts access to its systems by imposing a Deposit Chill or Global Lock. A Deposit Chill
means that new shares may not be deposited into the D TCC system. A Global Lock means that
all D TCC services are suspended except for custodial services. This means that D TCC will not
settle a trade in the company stock.
Typically, Deposit Chills are caused by an unusually large block of deposits of free-trading shares
into the system. D TCC chills these issues to preserve the integrity of the “fungible mass” of
stock held by DTCC’s subsidiary Cede and Company. Global Locks are typically caused by’s
circumstances that give rise to concerns that stock held by Cede and Company were issued in
violation of section 5 of the securities act of 1933.
Resolution of Deposit Chills and gold Global Locks is a document intense is a document
intensive lengthy process but not impossible. Deposit Chills are typically resolved by a review of
all of the company’s deposits of shares into the D TCC system. Independent counsel must audit
these deposits to determine if the shares were properly issued as free Trading. Independent
counsel means that the attorney issuing the opinion letter to D TCC can not only should any it
any beneficial interest in the issuer of whose shares he is opining.
Since Global Locks are typically instituted only after D TCC has reason to believe that section 5
violation has occurred, Global Locks are far harder to resolve. To resolve a Global Lock, counsel
must negotiate a roadmap under which D TCC’s fungible mass of securities can be vaccinated
against the virus of the section 5 violation. D TCC has indicated that if an issuer subject to Global Lock can exchange newly registered shares for the shares issued illegally that they will
consider removing the lock. This would typically involves an S-4 registration statement. Counsel
must be aware that Securities and Exchange Commission may be hesitant to declare such a
registration statement effective if the only reason is to cure OR a section 5 violation. Under
these circumstances the commission may take the position that the registration of the shares is
not “in the public interest.”
If you arte subject to a Deposit Chill or Global Lock, do not hesitate to contact Simon Kogan Esq.
at 718-9084-3789 or simonkogan@verizon.net.
Congrats Cj.
There are high hopes for Luxuriant. See this case:
http://164.109.172.95/downloads/legal/imp_notices/2013/dtc/ope/2020-13.pdf
http://164.109.172.95/downloads/legal/imp_notices/2013/dtc/ope/2045-13.pdf
Read the posts on those days:
http://investorshub.advfn.com/Limitless-Venture-Group-Inc-LVGI-9919/?NextStart=9650
Tomorrow may be a great day here.
See item 0736-14 Apr 3 Resumption of DTC Services - Protek Capital, Inc.
http://www.dtcc.com/legal/important-notices.aspx?pgs=1
Yes, I'm also with carjockey & Archih & Machiavelli...I'm with Luther!!!
By the way, I do not expect great news until after completion of the buyback. It is logical that they want more shares and much cheaper.
Kolbe still joined Luxuriant Holdings. See this:
Jorge Luis Saenz: Time to move this jewel. FB
We will help the company to repurchase more shares at cheaper prices. SELL, SELL, SELL!
If more people you sell, the sooner the shares will be repurchased and retired to the treasury. SELL, SELL, SELL.
I'M WITH LUTHER!
Good luck to all. As a shareholder, I wish that Luther has the opportunity to buy this very cheap. I do not sell, because I am able to hold this even if it loses all value. But I believe that the buyback will be better if more sales! So long, until the end of the buyback.
No one should buy this. This is only good for people who are with Luther!. Luther wants to buy it at cheap prices!
Marijuana is bad, so for now I encourage people to sell it at low prices. Sell, sell, sell!, This will be my motto for a few weeks.
Anybody seen this? : Luther gives us all a wonderful opportunity to shareholders to support the negativism, to agree to all the critical thinking and encourage people to be afraid and sell. Sell, sell, sell!! This is our slogan for a few weeks.
Or rather, we, the shareholders, should shut up and let others speak here. Everyone, without exception, will support this buyback plan.
Right. No one should buy more shares. People should sell (obviously, people who are not with Luther) SELL,SELL,SELL!!!
I hold my shares. long and strong. But I recognize that negativity and selling out of fear they will be useful for the buyback.
Undoubtedly, for PRPM is healthy low pps