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$0.03
I don't mean to sound flip...but learn from it?
The "screwed" part happened quite awhile ago. Which has been obvious to many for quite some time...and I suspect is becoming obvious to some others only recently
That is Renee's compiled list. I think the question was whether the 255 from a day ago was as a record for a single order. I seem to recall there was one with upwards of 400 in a single order from a couple years ago or so. Too lazy to go find it.
Didn't they do close to 400 dormant shells in one swipe a year or two ago?
Like any penny stock...until and unless it can be independently verified....it's worthless information.
That is the typical excuse. Given that they uploaded an opinion letter from a dead attorney you think they would be a little more forthcoming.
How convenient there is no way to independently verify what they have said.
And if 20,000 calls were going to come....that level of concern might actually indicate a need for more transparency.
Nope...they know enough will believe them at face value. That is all they need.
So who did they hire?
Those are not naked short positions. That's a myth. Neither is it created short interest. It is merely marked short sales...which is very different. All were covered within seconds if not minutes.
You left out the all important "has" before "re-scheduled". Past tense, not future action.
"...has re-scheduled the closing..." Not "will reschedule"
But given the absolutely tortured grammar in that PR they could have meant anything
Not so nice for those that invested in this stock in the first place.
It is playing out pretty much as predicted by many on this board.
I know FINRA and the SEC don't always see eye to eye. I still wonder if the FINRA warning last year was to try and prod some action from the SEC....and the SEC doesn't want to look like it is doing FINRA's bidding.
It's the skeptic in me.
But they are going to have to act at some point. My question is how will it affect the other pot stocks that don't get suspended? Will they all crumble since the SEC has taken notice or will investors believe they have the "good" pot stocks and buy more of the ones not suspended?
There is no evidence that it meets ANY of the uplisting requirements
There is no evidence that anyone can get their certs deposited, especially since the pps is now down below $1
The bid/ask has steadily moved down
The pps has gone from $2.50 to 0.03 on less than 5000 shares of volume over the least two months
Two other Syndicate Trust stocks have been suspended by the SEC
....other than that it's golden.
Brain fart...meant because of it. It provides price and liquidity information. It's a disclosure service. I still don't get the comparison with an Internet message board for fraud?
How is that fraud? They are Internet message boards.
OTC Markets is a private trading platform...which I believe is what was being referred to. Money transacts through it. Company's disclose through it.
Important distinction.
Nice to see FINRA getting aggressively involved.
That is probably the only informative part of the PR.
Do they not both have the same CEO?
Is it a platform for trading stocks?
No it's not because the FINRA short volume has NOTHING to do with short interest. It is simply an artifact of how trades are executed. Marked short sales can result from long trades if the MM executes the sell side of the trade first. There are a number of mechanisms that can get a trade marked short but it does not create ANY short interest.
TTDZ just jumped the shark
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96745155
It's taken a little over 4700 shares to get this to 0.03 since it started sporadically trading in Dec....including the 3900 share day.
Did anyone expect to be able to sell their 100,000 shares???
I think this is confirmation that this is pretty much done.
So much for Scottrade taking the certs......
Form T trades on an OTC issue do not mean trades outside of market hours. You cannot trade an OTC stock outside of market hours so it has nothing to do with "overseas". It usually refers to an out of sequence trade or one that did not meet the 90 second NASD rule.
If you notice there are missing articles in the sentence structure. Even the title -
Triton Management Wishes to Clear up "THE" Incident of January 31st, 2014 Regarding Filing of Attorney Opinion Letter
The "THE" is missing. The Slavic languages have no articles...and Russian is a Slavic language.
If they don't like incessant emails maybe they should have filed on time like they said they were going to in the first place.
I can't imagine what the page number is going to be if they are including "extra" information on top of the volumes they normally provide. Lol.
I am sure the juicy tidbits they will be well hidden away.
the only thing you can rely upon in that PR is the confirmation that FINRA, a regulatory agency, is now investigating it all and an action is likely.
...and whoever wrote the PR didn't make it out of 3rd grade English grammar.
Seriously....whoever did write it does not have English as a first language.
It's quite relevant. That is a bell that cannot be unrung. That PR is a joke with bad grammar and all.
Holy SEC suspension list Batman....
http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf
A little shell cleanup?
It's funny how many on the TTDZ board see the reference to FINRA as a good thing and assume that all is well since the company "explained all".
It is anything but.
I haven't been following closely but there is reference to Mugg and Tang partnership being dissolved in 2012 on some directory sites?
...which I realize is secondary to the attorney being deceased...
I think FINRA is going to be very interested in that "someone"...and they will not be operating from an assumption that the company was clueless.
No it is not. The question is what are they going to do?
Btw - whoever wrote that PR needs some serious grammar lessons.
Does Mugg and Tang still exist?
From yelp:
History
Established in 1993
Part time from 1993 to 2002 while working as a Product Manager at SBC (now AT&T); 2002 opened office at 225 Bush St., 16th floor, San Francisco, CA; 2007 formed partnership with Shuyuan Tang; filed with the Bar as Mugg & Tang, LLP. Moved to Dublin November, 2009; Dissolved partnership November, 2012. Presently located at 11875 Dublin Blvd., Suite D271, Dublin, CA 94568
TTDZ - lol
http://ih.advfn.com/p.php?pid=nmona&article=60896229&symbol=TTDZ
Looks like FINRA is very interested.
....and who ever wrote the PR has some grammar challenges.
I wouldn't hold my breath...but GLTU.
I was trying to be generous.... . 50 billion is probably more reasonable. But that amount of convertible debt is almost impossible to overcome...as conversions get made and sold into the market it becomes more difficult to support the pps.
I realize that the rational is that news or "performance" will force the pps higher and reduce the conversion amounts hitting the market, unfortunately that is an exceedingly rare occurrence on penny pinks.
They can't even get their filing out on time...despite promises to do so and they are now "NO INFORMATION" on OTC.
Not promising.
They aren't diluting, shares were issued to pay down debt,
That is a distinction without a difference I am afraid. Note conversions and resulting sales into the market is dilution by almost anyone's definition. And to retire all the debt at the exisitng conversions rates will require upwards of 30 Billion shares when all is said and done.
But that difference of opinion leads to the same conclusion unfortunately.
Ok...I get what your were saying.
Convenient excuse then for penny CEO's. "The evil NSS'ers made me do it, since I can't make money selling my product I might as well just sell shares into the market".
I believe that many companies start out with good intentions, but they then realize they can't beat NSS so they dilute.
Why on earth would dilution be an appropriate response to NSS if there was any? Wouldn't that be exactly what an evil NSS'er wants?
That is because the company Medical Greens was created after the acquisition.....lol.