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SDT STABLE INVESTMENT?
I want to hear from people who have been with SDT for while and still are. Is this a stable Dividend? I know you all aren't experts just wanting to know if what I am reading is real. I live in Austin, checked out the shell company etc but wanted ask in this group.
Thank you.
This is their website http://www.northspringsresources.com/
It is a nothing website, anybody know if this company is anything at all?
This is response I got from emailing Investor.Relations@aa.com
I don't know what it means but wanted to provide this to group.
____ beginning email__________
Ms. Murphy,
December 9, 2013 marked not only the closing of the merger between American Airlines and US Airways, but it also marked the emergence of Chapter 11 bankruptcy for American. Typically in bankruptcies, shareholders do not receive any value until all the creditors have been made whole for their claims. However, in our case, American Airlines Group decided to provide some value to holders of AAMRQ upfront before issuing any common stock to the creditors. Over the next 120 days, creditors will receive common stock of AAL in 30 day increments. Once creditors are made whole for the value of their claims, any remaining value will be distributed to AAMRQ holders at each of the 30, 60, 90, 120 day increments. Any additional distributions to AAMRQ holders will depend upon the trading price of AAL during the period, therefore, we cannot predict how much additional stock will be issued at those dates. Please note that the .0665 ratio only applies to this initial distribution of common stock.
We intend to provide details over the course of the equity distribution period that investors and creditors may find useful, corresponding to each of the key equity distribution dates under AMR’s Plan of Reorganization (Plan) and the Merger Agreement. These updates will include information regarding how much additional common stock of AAL will be distributed to AAMRQ holders throughout the 120-day period. For more information, please refer to our website at AA Website / Investor Relations or the Plan of Reorganization and Disclosure Statement which can be found at Reorganization_Disclosure and Investor Relations
Best,
American Airlines Group Investor Relations
_____ end email ___
Sorry if formatting comes out badly but hope this helps and maybe someone who is pro can tell me if they've experienced something like this before and what were distributions like?
Thanks y'all and love all your amazing wisdom!
Yes you can do this, but imagine I would like to know what my actual account is, and oh imagine the IRS reportings they send out. It is a cluster F*, excuse my French, I am just "fit to be tied" this morning, had enough with all this stuff, but oh well,like gambling, don't invest what you cannot lose. I just want to see these pansies go to jail, seriously, they either do what they say, say what they do or they cannot do this stuff, bottom line. I have started companies, ran them and hells bells if I didn't deliver commpany went under - couldn't and wouldn't do that to employees.. how do these people live with themselves?
Thank you for letting me know, I suspected as much, something off with ETRADE, not what they sell you on, lot more options now, going to investigate, my main investments done by broker not me but that scares me too because they are all goofy now as well.
Really think Grandpa had it right when he said invest in undeveloped land, best bet, what he did for family owned company and they treated him like gold - obviously was right for them.
Thank you for replying, can you see what is going on with your investment, are you able to track anything? Etrade doesn't prodide this information or do we know what the price is, I am frustrated and also feeling so stupid, I am going back to what my grandpa told me to invest in: land, prior to development.
Here is my reply a week plus later from ETRADE, is this the norm for everyone? I really want to know because I am reading how some people are getting trades.Thanks y'all in advance, I am on pissed off lady at because some "authentic" people backed this crapola company:
Dear Bonnie Murphy,
Thank you for your message regarding the reverse split for ECDCD.
We apologize for any inconvenience. Unfortunately, we have yet to receive the new shares from the company. ECDCD (EAST COAST DIVERSIFIED CORP COM) has yet to deliver the shares. Therefore, we have yet to effect the split. Only once the shares have been delivered can we move to change the current, correct information that we have in our systems. If you have any other questions, comments, or concerns, please feel free to give us a call at 1.800.387.2331 24 hours a day / 7 days a week.
Sincerely,
Theron Jones
8:00 a.m. to 4:30 p.m. (EST), Mon - Fri
1-800-503-9260
Relationship Manager
E*TRADE Financial
I cannot either, I wrote to them and told them to fix it immediatelly and not tell me they don't know how to update it because company hasn't given them new symbol, have another that has been sitting as a number over a week. They are really getting bad, I am about to bounce from them, their trades don't go through etc. Hope you get your issue fixed shortly or let's file a...."whatever" LOL, we have no power but etrade is slacking!!
Updates on ACEL? Tried selling shares and wouldn't go through, anyone have any news on what is going on?
Bad time invest?
Is this not good time invest? Looking like it may be tanking, your thoughts?
Marshall1, Hey I like it, or we could at least ask them for advice next time we all invest since they don't have to pony up that money they all invested but swore they didn't have anything to do or know, both sides of the aisle on this one.
I am sad our country has gone to "hell in a hand basket" to China and other countries, what the heck happened? This is so crazy y'all. I swear we used to be a great country and now we aren't going to see jobs come back if we keep acting like this and those protesters, we have to be tough and proactive, not reactive with nothing behind us but "whah whah whah I deserve this and this and this but don't want to work for it."
I am in to make these people "pony up" and be held accountable. Let me know y'all, will do it for the principle/ethics not the other kind.
Cheers!
Baja202,
First, thank you for your sweet thoughts.
Second, good information and good points. I am not sophisticated enough to be able to answer your questions because logic says, this shouldn't be, however it is what it is. Long ago I figured out life isn't fair, you cannot depend on playing by the rules and others will do the same but this isn't an excuse to go and break the rules. However you can study a situation for a bit, see if there is a way to out-fox a fox, people always leave a hole somewhere, not sure in this case, because of the international issue - there is the component of an American Corporation tie somewhere, probably Nevada or Delaware but there is one. Bottom line, we are the pawns being used to make this scheme work...not a deal, just have to figure out the weak end, I know gaming...there is value to this company just based on the volume, more important, if they aren't legit, and are defrauding on some licensing or something...oh there could be some fun messing with them that way. This Texasgal does know technology and don't think I won't play with them that way.
If there are enough of us that start poking and proding well we could at least have some fun. Are we going to recoup our losses? No but heck we can be a pain and let them know, as little stockholders they messed with the wrong people. Will it do any good in the long run? No, but we could raise awareness for others not to get involved with their BS, unless they clean up their act and also it will make us feel just a wee bit better. Gamers are a funny bunch, they don't like the "establishment" and certainly don't like when corporations do stuff like ripping the "little ole investors" like us off. Oh did I mention I play real hard in social media? Y'all these guys cannot exist if their reputation online goes to pot, that is all they have.
Again, not that it will bring back your investments, but it will make them a little stalled moving forward.
So y'all I am confused, I got my news from Etrade, I have my new shares under the new symbol AMCGD. My 5000 shares, that I bought like 3 years ago or so at....please don't laugh, .25, yes $1275, are now....drum roll please.... 250 shares, worth $11.25! Now before, it said my 5000 shares, were at like .002 - .004, like $10 to $20, but if this had ever gone up again, go do the math. So I am like freakin fit to be tied and this isn't my first rodeo, Citibank did this to me and my stock went down too but I ended up breaking even and just sold. Oh but I got a dividend of $.12! Then we hear news of how all banks loaned themselves money...after Tarp. I am really getting a bit frustrated because y'all we are feeding these guys...they kow what is going on, it still takes an Amerian corporation of some kind to be involved, the SEC knows this and then just sits there. They are dependent on little guys to do this. I dont have this all figured out yet, but it is becoming clearer and clearer.
I will file whatever to be in the group, but we are just getting spun and no i am not one of those Wall Street Supporters...I am looking for a way to outplay the system. This gal doesn't sit and cry, I find my own way and play. But these last two years I have taken a killing and I think my husband is in the next room getting laid off. Please pray, our littlest one is in the hospital, long term. I am going to go pull my bootstraps up and regroup.
This may sound dumb, but what did you say in your complaint? I went to file a complaint and it asked questions that I wasn't sure how to answer.
1. Documents I can provide
2. Legal Action I have taken
3. Who I have contacted, I have account with Etrade, I am contacting them, SEC, the link that was posted on this forum, is there someone else I could contact?
There wasn't anyone to contact at company when I attempted. It was just a gaming site.
Thanks in advance.
TexasBonnie
JD19,
Ok found this info from Etrade, this was their response, not that I think it will help, I had asked them why they didn't take my number they converted the stock to and put the new symbol on my acccount. Meaning, if you do search on ETRADE for AMCGD it comes up, so why doesn't this show up on my list? They responded:
Thank you for your message regarding AMCG.
The company has effected a one for twenty reverse stock split. E*TRADE has not been provided an anticipated delivery date for the split shares, but your account will automatically update once the old shares have been exchanged for the new. Please let us know if you have additional questions.
__end message__
So that is that and what I am reading from rest of stuff, I think we are not going to see Etrade getting any info, what are your thoughts?
JD,
Yep, they said they hadn't received info from them yet. I think we are screwed. I am really ticked off and don't understand why nobody does anything about these companies from China they have free reign to do whatever but are backed/audited and other things by companies in USA.
ARG but it is our decision to invest, I invested in this company off of a marketing scam report, thought was real investor recommendation...but hey I am big girl, and have to take my lumps. What drives me insane is there is no accountability. Will go and see if I find any other info on ETRADE and let you know.
Now this makes sense, why the trading stopped on 11/7 or 11/8. My Etrade account all of a sudden turned this security into a number and said it couldn't be found. I did some research, figured out they changed name and emailed Etrade to fix account....now do I feel dumb. Yep, another Chinese Company screws us stupid Americans. And our President tells the world again how we have gotten lazy the last couple of decades...NO we have ... never mind don't get me started. Out of this charade of being screwed by these Chinese companies, no regulations over there, but yet this company was a Nevada Corp Shell. ARGH. Going to Vegas!
I am not familiar with all requirements for Nasdaq listing but I believe they aren't even close to qualifying due to the value of the price per share, history of shares bought/sold and reporting history on the OTC market. I could be totally wrong here but thought that was why lots of companies got pushed off the major exchanges. IDK - just TexasGal trying figure things out.
What is your opinion on ZSTN? I was big supporter of ZSTN and all bad press about company, more I dug for info and how industry manipulates things really thought was happening to ZSTN. Contrasted this with all other China companies that have been proven to be farses, 4 shells deep and American brokerage firms doing this to American investors....I became leary that ZSTN not so credible. What was keeping me ok with ECDC was they had additional deals with other sources...but something isn't right can't put finger on it. Funny they are tied in with ZSTN who had very similar history with stock run recently, sure numbers higher but there is pattern. ZSTN has cash, but trace it back, the cash is result of stock...not business, product etc being done. Or am I totally off base?
Good points here and true about no lawsuit, bad investments are risk one takes. Question, financials come out yet? Ok, lied 2 questions: What is your take on ECDC? I am beginning to think it is not all it appears to be.