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It's not a mistake. Someone on the inside sold shares early - It was greed and it should cost them, not us the investors. I have real money tied up in this and I expect to either loose it (because I made a bad investment which happens in this type of game) or to make some kind of profit - which also should happen if you learn anything from past mistakes. If they where going to CANCEL/ROLLBACK all trades then they would have already done that. IMO
On the phone with them right now.... Will let you know.
This is the message you receive from E-Trade Online when trying to buy or sell GVRP - "Orders for this security cannot be accepted online at this time. Please contact Customer Service at 1-800-786-2575 for assistance with placing this order."
As anybody seen the actual number of buys vs sells today and if so could they repost?
Here is what the E-Trade Securities Agreement says about liability of not being able to produce the shares needed for a short sell: "If E*TRADE Securities is or subsequently becomes unable to borrow the security that I have sold short, I will be subject to a "buy-in," meaning that E*TRADE Securities may repurchase the security on the open market to cover the short position, and I will be liable for any resulting Losses."
Remember this is from the E-Trade Agreement and may not be the same as the one you signed.
Here is the whole section from the E-Trade Agreement:
(h) Sales and Short Sales
I promise to deliver all securities sold in my Account and to provide collateral of a type and amount acceptable to E*TRADE Securities for all short sales in my Account. E*TRADE Securities generally requires that a security be held in an Account prior to the acceptance of a sell order with respect to such security unless the order is specifically designated as a "short sale." If a security is not held in my Account and a sell order is processed, I must promptly deliver such securities to E*TRADE Securities for receipt in good deliverable form on or before the Settlement Date. Any order accepted without negotiable certificates or positions in the Account will be subject, at E*TRADE Securities' sole discretion, to cancellation or buy-in. To help ensure this will not occur, I agree that, unless I specifically designate the order as a "short sale," I will place sell orders only for securities owned by me and held in my E*TRADE Securities Account at the time my order is placed.
Proceeds of a sale will not be paid to me or released into my Account until E*TRADE Securities has received the securities in good deliverable form, whether from a transfer agent or from me and the settlement of the securities is complete. Instructions on how to properly endorse a certificate and deliver it to E*TRADE Securities are located on the E*TRADE Securities Web site. If the securities are not received on or before Settlement Date, or as market conditions warrant, E*TRADE Securities may in its sole discretion purchase the securities on the open market for my Account and may liquidate and close out any and all Securities and/or Other Property in my Account in order to pay for such purchase. In the event securities are bought in, I will be responsible for all resulting Losses incurred by E*TRADE Securities.
In order to prevent unintended short sales, once a sell order is placed with respect to a security position in my Account, E*TRADE Securities generally will not allow placement of another sell order with respect to that same position until the first order is either executed or confirmed to have been cancelled.
I promise that any order to sell "short" will be designated as such by me, and E*TRADE Securities will mark the order as "short" at the time the order is placed. In order to complete a short sale and maintain a short position, E*TRADE Securities must be able to borrow the security, which I do not own. If E*TRADE Securities is or subsequently becomes unable to borrow the security that I have sold short, I will be subject to a "buy-in," meaning that E*TRADE Securities may repurchase the security on the open market to cover the short position, and I will be liable for any resulting Losses. I also understand that I may execute short sales only in a Margin Account (see "Margin Account" for more information) and that such execution must comply with applicable short sales rules.
Here is what E-Trade says about liability of not being able to produce the shares need for a short: "If E*TRADE Securities is or subsequently becomes unable to borrow the security that I have sold short, I will be subject to a "buy-in," meaning that E*TRADE Securities may repurchase the security on the open market to cover the short position, and I will be liable for any resulting Losses."
Remember this is from the E-Trade Agreement and may not be the same as the one you signed.
Here is the whole section from the E-Trade Agreement:
(h) Sales and Short Sales
I promise to deliver all securities sold in my Account and to provide collateral of a type and amount acceptable to E*TRADE Securities for all short sales in my Account. E*TRADE Securities generally requires that a security be held in an Account prior to the acceptance of a sell order with respect to such security unless the order is specifically designated as a "short sale." If a security is not held in my Account and a sell order is processed, I must promptly deliver such securities to E*TRADE Securities for receipt in good deliverable form on or before the Settlement Date. Any order accepted without negotiable certificates or positions in the Account will be subject, at E*TRADE Securities' sole discretion, to cancellation or buy-in. To help ensure this will not occur, I agree that, unless I specifically designate the order as a "short sale," I will place sell orders only for securities owned by me and held in my E*TRADE Securities Account at the time my order is placed.
Proceeds of a sale will not be paid to me or released into my Account until E*TRADE Securities has received the securities in good deliverable form, whether from a transfer agent or from me and the settlement of the securities is complete. Instructions on how to properly endorse a certificate and deliver it to E*TRADE Securities are located on the E*TRADE Securities Web site. If the securities are not received on or before Settlement Date, or as market conditions warrant, E*TRADE Securities may in its sole discretion purchase the securities on the open market for my Account and may liquidate and close out any and all Securities and/or Other Property in my Account in order to pay for such purchase. In the event securities are bought in, I will be responsible for all resulting Losses incurred by E*TRADE Securities.
In order to prevent unintended short sales, once a sell order is placed with respect to a security position in my Account, E*TRADE Securities generally will not allow placement of another sell order with respect to that same position until the first order is either executed or confirmed to have been cancelled.
I promise that any order to sell "short" will be designated as such by me, and E*TRADE Securities will mark the order as "short" at the time the order is placed. In order to complete a short sale and maintain a short position, E*TRADE Securities must be able to borrow the security, which I do not own. If E*TRADE Securities is or subsequently becomes unable to borrow the security that I have sold short, I will be subject to a "buy-in," meaning that E*TRADE Securities may repurchase the security on the open market to cover the short position, and I will be liable for any resulting Losses. I also understand that I may execute short sales only in a Margin Account (see "Margin Account" for more information) and that such execution must comply with applicable short sales rules.
fung,
What is the record date for this lottery ticket - If I bought Yesterday will I be good to go on Monday or am I a day late on this one.
Deann - Thanks for taking care of the billionyeller, you handled that just perfect.
Anybody know why I can not see any activity for CMSI? Isn't that our free stock and since I can not see it, can someone tell me what it is listed at currently?
Thanks everybody, I'm still real busy and just like to read all the interesting posts and don't have time to write much - Still here just really really quiet.
I like your optimism balamidas - Let us hope this comes back around in a couple of months and that PRRM takes us for a ride between now and then. I am bored silly.
Are we dead? I found this on the State of Colorado webs site. It appears they where notified on 4/1/05 and have not filed Annual Report. I can not find anything about a trading halt, but the status below says deliquent.
Information On File
ID Number: 20031396076
Name: QUANTECH ELECTRONICS CORP.
---------------------------------------------------------------
Registered Agent: CORPORATION SERVICE COMPANY
Registered Agent Street Address: 1560 BROADWAY, DENVER, CO 80202, United States
Registered Agent Mailing Address:
---------------------------------------------------------------
Principal Office Street Address: 31500 GRAPE ST STE 3401, LAKE ELSINORE , CA 92532, United States
Principal Office Mailing Address:
---------------------------------------------------------------
Status: Delinquent
Form: Corporation
Jurisdiction: Colorado
Formation Date: 12/15/2003
Term of Duration: Perpetual
Annual Report Month: December
handsum - yes I am and today I see 42Mil shares traded with a price of .0003... Do you have L2 on USCI?
Do I see this right - USCI = .0003 with 42Mil share?
I'm usually here - you just don't know it!
I've been really busy so I barely get to read all the posts and by the time I read them, it is usually way to late to reply. I haven't had lunch in weeks and today I will make it a point to go to TJ's. Deann - Whats your order?
Good luck to all - Holding Long and Strong - PRRM, Get Some!
Been runnin around so much I'm on fire!
Great post TeamLV - Thank you and keep holding long - between this and PRRM we should have a very good year.
I see activity! - 695 shared traded and the pps is now again down to .0001 with a green up ticker.
What do you make of that? .0008 - that's not a common phat finger!
What’s up? I can't see any trades or a current price. Have we stopped trading again?
I just want to change the subject and ask a silly question - can someone tell me if I am wrong when I say, "it really doesn't matter if/when I ever get the NHGP divi". My reasoning behind this statement is I didn't really pay for it (I still own PRRM - Thank Goodness!) and it is restricted for up to a year with the price dropping like a rock. Is this an unintelligent way of reasoning or just my way of staying sane?
Ian can really stink things up - Opens at .27 and now down to .10pps - this will be worth $30.00 by the time I can sell it (less the 9.95 broker fee...)
This is just my Monday afternoon opinion...
Deann,
Missed you too!
Jetlag, not enough coffee, one too many last night and to top it off the bowflex hasn't arrived yet (dam Santa). I am headed to TJ's (they don't know what real food is in France). Deann, what would you like for lunch? Breakfast may be the most important meal of the day but TJ's rules...
Anyone for a fish taco?
What’s the deal with these fish tacos? Slap a sardine in a tortilla or hard shell, cover it up with some green type of plant, (lettuce, cabbage, seaweed or whatever is available) splash some cocktail sauce and Parmesan cheese on it, then wash it down with some type of alcoholic beverage… What’s the fuss?
And there out of the night he reappears!
Sorry for no posts lately, but been real busy and traveling a lot. I have been watching the PRRM (and other) tickers during the day and have been putting myself to sleep at around 2:30am reading the 200+ posts a day about food from you people (I feel like I know you all) – and then BAM! It hits me! I am hungry and so I eat and end up going to sleep at around 3:00am with some indigestion. Go figure!
Since yesterday afternoon when I got back to KC I've had three people ask me if I've gained wait. What the h3ll? PRRM isn't just driving me crazy but it's causing me to gain weight.
I just ask Santa for a bowflex and for PRRM to hit .0075 by January 1, 2005... Dam! I'm hungry again and I need some coffee – Jet lag stinks…
Deann,
I have a short stay-over in Atlanta later today (on my way to Jacsonville, FL (70+ degrees)) and I can bring you some snow if you like?
LMFAO! - Bad dog, bad!
Dam! It is cold out there. Just finished shoveling my drive as I am off to the airport later today. 6.5" of snow in Kansas! Now if it would just snow in STOWE so we can get this piggy runnin...
Did someone say coffee with a shot?
Deann - Just fine! Been busy and just watching all the posts (and my shares that don't move) - Thanks for the PM asking me if ok.
Welcome back Sub - great new pic - is this one you did in your workshop?
One more coffee and off to the bank I go...
Casprs1 - Don't know if you have looked at USCI today, but wanted to know if you had any insight as to what may be going on. I have been looking around but have not found anything.
Good Morning - Thanks for the coffee Deann.
No kidding! USCI has 1.5Bil in volume. What is up with that - did I miss some news?
1.5Bil at 12:00 CST! What is happening here today? I haven't seen this kind of volume on USCI for quiet some time. Good to see it, wish is was with some NEWS...
Below is what E-Trade told me about L2 quotes - If someone who gets the L2 for PRRM could inform me of what product they use I would be greatful.
Dear Mr. XXXX, (they are formal and polite)
Thank you for your email regarding level 2 quotes. As mentioned, Power E*TRADE Pro does offer level 2 quotes. However, a level 2 quote is considered a firm quote with regards to bid/ask pricing. In the Over the Counter/Pink Sheet market, market makers are not required to report bid/ask indications of interest. As such, level 2 pricing for Pink Sheet stocks is not always available. We apologize for any inconvenience this may cause. I do hope that you find this information useful. Certainly, if we may further assist you in any way, please feel free to contact us by email, or by calling the numbers listed below. Again, thank you for taking the time to contact us. Have a wonderful day.
There is this big "super bright" light that is not sitting well with me right now. It is blasting through my windows and... Wow! is that what the Sun looks like?
Deann, I hope your where joking about the decaf...
Per my previous post - When I wrote “as for the rest of you” I want to make it clear that there are many of you whom I did not really mean this to include. I hope you know who you are as I am a Scorpio and I don't keep much unsaid. I don't apologize much and I am not going to now. However, with that said, I do hope that I did not offend anyone that I correspond with regularly on this board as my previous post was not intended for you. If in some way I did offend you and you feel you want to respond to me, either PR me or send an email to daytrader@surfcsi.com and we can discuss off-line.
Sub - great stuff and glad to hear from you! Is this really you? I never would have guessed that someone who plays pinks could ever be so gifted. WOW! I am very serious when I say that when PRRM pays off I would really like to buy one of your pieces for my hearth room. There is nothing like an original that is signed… You truly have a gift.
As for the rest of you - was I dreaming or did Ian say that they where very unhappy with what happened with the dates of the divi and that PRRM might have a divi to make up for the difference? Maybe this could make up for some of the O/S that they just put out? What is your problem?
I do think that Ian was strait with us when he said, "I WILL MAKE YOU MONEY" - so why not believe him when he says whatever else? I have no reason to not believe him over any of you - Do I?
However this is all Just My Opinion!
Deann,
Canine Panic Attack(CPA)? Is that my problem or is it the coffee?
Ok - I've had my nap and caught up on the posts and I want to say that I remember Ian saying that they where very disappointed in the problems with the divi of NHGP (Astrom’s last chance at sticking it to us) and that they (PRRM) where looking into giving a divi of their own for everyone who bought shares of PRRM between the record dates of September 30 and the second October date that did not come to be.
Now everyone is worried since they increased the number of shares over what would be expected for them to be able to grow the business as they have suggested. It kind of makes me think those extra shares could be for the divi of PRRM (if Ian wasn't just blowing smoke).
Just my opinion after a nap! – Maybe I should go back to bed and dream some more?
Grumps - .0002 and 4.5Mil shares as of 10:00am CST
Casprs1 - I just got done signing up for Power E-Trade which includes live L2 and a bunch of other cool stuff I want to play with. Downloading as I type this. Boys with Toys!
Thanks again for your input.
Thanks rlangmaid, Casprs1
I just switched to E-Trade and have seen some of my limit orders sit there for a day or more (others go through in minutes). Previously ran most of my trades through a buddy of mine who is licensed (still do for some LT stocks and Mutuals). But I decided that this was putting a strain on our friendship since he thought I was crazy for even thinking of trading pennies. Way too late now - I'm not crazy, I'm insane, but lovin it! My inner-child is out to play, and not coming home.
When trying to sell at a limit or at market (I usually set a limit) - Do you think there is any advantage in calling them directly vs. placing the order on-line?
Sorry for the confusion – sometimes when it’s early like this I even confuse myself.
Can anyone give me a little insight into what is the best approach using E-Trade for selling at limit (Calling vs On-line transaction)...? Opinions or actuall experience are both welcome. Thanks
Did someone say coffee - Thanks Deann!
I still haven't figured out this daylight savings thing - I am up and on the puter before 8:00am, where is the savings? I hope my clients don't find out about this, they might expect this all the time.
GO PRRM! Get some I did!