Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why aren't you buying
set your ask high, MM have 13 days to cover after new cusip number
WELCOME BACK
sweet, now they gota cover their phantom shares
"The CUSIP Service Bureau rep stated that a CUSIP # change "usually" comes with a name change, but not always. He stated that a name change will "always" come with a CUSIP # change though. He told me that the "name change" and the "CUSIP # change" starts with the company's Transfer Agent (TA) coordinating electronically with the CUSIP Service Bureau by linking the company's name and address. Then the CUSIP Service Bureau Coordinates with the Depository Trust Company (DTC).
The DTC will serve as the overseer to coordinate with the regulatory authorities and/or agencies whomever as deemed necessary. Sometimes the TA will coordinate with the DTC too for certain confirmations or transactions as deemed necessary. The DTC makes sure there is proper share accountability for proper dissemination into our brokerage accounts. This is all done electronically.
After the company/TA receives their new CUSIP # from the CUSIP Service Bureau, the company/TA (& legal team) then coordinates with the NASDAQ and SEC for the already coordinated amount of shares as the new inventory. The company/TA will then coordinate with the DTC to confirm the amount of shares and other key info.
After accountability is confirmed by the DTC, the DTC then authorizes the brokerage companies to change all old CUSIP numbers to the new CUSIP numbers electronically within our brokerage accounts. A CUSIP# change is not enough from what most believe throughout the investing/trading community to force a covering of a naked shorted position in my opinion...
The CUSIP Service Bureau further explained it as when stock 1234 changes its name and CUSP# to stock 5678, the shares of stock 5678 are given to them electronically by the TA to replace stock 1234. This is the key transaction. If only a CUSIP # change transpires then a lesser type of accountability takes place. The name change matching the address of the company is what actually forces an exchange of the "old inventory" of shares to the "new inventory" of shares. Without the name change, there is NOT a "movement of shares" from the TA that takes place.
Only one phase of the accountability process is required to take place to verify accountability when only a CUSIP # change transpires because of the lack of not having a creation of the "new inventory" of shares by the company/TA. Therefore no movement of shares takes place. This is a simple misunderstanding by many companies, but if not considered, it could be the difference for any type of forced covering of any naked shorted positions.
If there is NO DILUTION, a covering of the naked shorted positions should take place due to what's revealed during the accountability process between the DTC after getting the "new inventory" of shares from the CUSIP Service Bureau if there is not only a CUSIP# change, but a name change too.
Because of the CUSIP # change, the MMs will be required to account for each of the old shares with the new shares. Because of the name change, it's important because it forces the DTC to play a more finite role by not only accounting for the old shares to equal the new shares electronically, but forces them to match a "new inventory" of shares that have been given to them from the CUSIP Service Bureau as the new official/approved inventory by way of the shares given from the company/TA."
they can sell shares at higher prices but then they have to cover those same phantom shares because they will no longer exist after the cusip change, and that's how it snowballs on em
shorts are toast, cusip name changes forces them to cover their phantom shares
last bit of news came out on a Saturday
EXPECT BIGGG NEWS OVER WEEKEND!!
OTCmarkets is such a scam, they still have Blockstrains news article posted under DNA Brands, Inc.
https://www.otcmarkets.com/stock/DNAX/news/BLOCKStrain-trading-begins-on-TSXV-under-symbol-DNAX?id=193340
IF YOU SOLD, QUIT TRADING!
the news is posted on otc markets DNA Brands, Inc. page
https://www.otcmarkets.com/stock/DNAX/news/BLOCKStrain-trading-begins-on-TSXV-under-symbol-DNAX?id=193340
...so thats why Adrian was traveling to Canada
*************$DNAX REVERSE MERGER!!*************
https://www.otcmarkets.com/stock/DNAX/news/BLOCKStrain-trading-begins-on-TSXV-under-symbol-DNAX?id=193340
sounds like David is building out some type of software using Hyperledger Blockchain technologies to process Real Estate Transactions.
David Callaghan Wells Fargo
Big Data Developer
Built Regulatory Compliance engine using Kafka, Storm, Drools and Hive to analyze MS Exchange emails. Developed analytic algorithms in R and Mahout as well as text analytic tools using Lucene and Pig.
David Callaghan Bank of America
Hadoop / Spark Developer
Responsible for developing and implementing an Instrumentation as a Service platform processing 10K records per second from 1K applications using 30+ analytic models.
David Callaghan, "I have a strong focus in Data Governance working with new and contributing to the new Data Governance Initiative platform applications like Atlas, Falcon and Ranger and I am particularly interested in leveraging blockchain soutions like Hyperledger in Data Governance and graph databases like Neo4J in Master Data Management."
if you didnt buy yesterday, just quit trading
undervalued at these levels per 8.5 milly in assets
8.5 milly!
PRICE AND VOLUME SINCE 4/18:
04/18/2018 0.0074 26,516,590
04/19/2018 0.0077 9,654,762
04/20/2018 0.0073 4,180,951
04/23/2018 0.0077 1,419,002
04/24/2018 0.0085 2,931,333
04/25/2018 0.027 19,303,480
04/26/2018 0.093 17,072,340
04/27/2018 0.069 16,805,040
04/30/2018 0.2099 12,222,280
05/01/2018 0.33 10,123,410
05/02/2018 0.2539 5,593,522
05/03/2018 0.17 10,738,590
05/04/2018 0.115 6,856,313
05/07/2018 0.106 4,319,665
05/08/2018 0.111 7,897,962
05/09/2018 0.0475 33,646,410
05/10/2018 0.0194 69,031,820
05/11/2018 0.0372 88,004,930
what is going on?? saw the same action on L D $ R back in Sept and that took off to .13
whats happenen
expecting news mid morning
whoa $YSTR now has some ties to blockchain:
http://www.bri-us.com/
$DNAX got a bid. Haters gonna hate, watch.
3/8/18 Trump signs steel and aluminum tariffs
Ripple is on fire today. Coinbase is going to add the coin!
expecting more updates, hold tight folks
in the past i used coinbase>GDAX>Binance>Toast Wallet
CLOCK IS TICKING AWAY TILL 25 May 2018 when the European Parliament, the Council of the European Union, and the European Commission intend to strengthen and unify data protection for all individuals within the European Union.
population: 741.4 million
American Express and Santander are using Ripple network for B2B transactions
Silicon Valley Bank acquired Standard Treasury, a software company whose mission was to create banking APIs. SVB absorbed both the assets and technical team from the startup
Ripple added seven global banking institutions as partners to test out its distributed ledger technology.
These partners included the Canadian Imperial Bank of Commerce (NYSE:CM), which is better known as CIBC, Swiss-based UBS (NYSE:UBS), Spain's Banco Santander (NYSE:SAN), and Italy's Unicredit (NASDAQOTH:UNCFF).
**A FULL PARTNERSHIP LIST OF BANKS USING XRP RIPPLE:
Accenture
Akbank
ATB Financial
Axis Bank
Banco Bilbao Vizcaya Argentaria (BBVA)
BMO Financial Group
Cambridge Global Payments
Canadian Imperial Bank of Commerce (CIBC)
CBW Bank
CGI Group
Cross River Bank
Davis + Henderson (D+H)
Deloitte
Earthport
Expertus
eZforex
Fidor Bank
Mitsubishi UFJ Financial Group (MUFG)
Mizuho Financial Group (MHFG)
National Australia Bank (NAB)
National Bank of Abu Dhabi (NBAD)
ReiseBank
Royal Bank of Canada (RBC)
Santander
SBI Holdings
SBI Remit
Shanghai Huarui Bank (SHRB)
Siam Commercial Bank (SCB)
Skandinaviska Enskilda Banken AB (SEB)
Standard Chartered
Star One
Credit Union
Tas Group
Temenos Group
UBS
UniCredit Group
Volante Technologies
Westpac Banking Corp
Yantra Financial Technologies
Yes Bank
The banks and companies listed down below are also experimenting with the RippleNet:
Aeon Bank
Aomori Bank
Ashikaga Bank
Australia and New Zealand Banking Group (ANZ)
Awa Bank
Bank of England
Bank of the Ryukyus
Bank of Yokohama
Chiba Bank
Chugoku Bank
Commonwealth Bank of Australia
Daiwa Next Bank
DBS Group Holdings
Fukui Bank
Gunma Bank
Hachijuni Bank
Hiroshima Bank
Hokuriku Bank
Hyakugo Bank
Iyo Bank
Juroku Bank
Keiyo Bank
Michinoku Bank
Mizuho Financial Group
Musashino Bank
Nishi-Nippon City Bank
North Pacific Bank
Oita Bank
Orix Bank Corporation
Resona Bank
Royal Bank of Scotland (RBS)
San-in Godo Bank
SAP
SBI Sumishin Net Bank
Senshu Ikeda Bank
Seven Bank
Shimizu Bank
Shinkin Central Bank
Shinsei Bank
Sikoku Bank
Sony Bank
Sumitomo Mitsui Trust Bank
Suruga Bank
The 77 Bank
The Daishi Bank
The Nomura Trust & Banking Co.
Tochigi Bank
Toho Bank
Tokyo Star Bank
Tsukuba Bank
Western Union
Yachiyo Bank
Yamagata Bank
Yamaguchi Bank
I'm hoping it dips, I'll be back if so
Good luck everyone, I'm out, been holding since 0002 when there was that surprise volume in September.
As announced in June 2016, Ripple added seven global banking institutions as partners to test out its distributed ledger technology. These partners included the Canadian Imperial Bank of Commerce (NYSE:CM), which is better known as CIBC, Swiss-based UBS (NYSE:UBS), Spain's Banco Santander (NYSE:SAN), and Italy's Unicredit (NASDAQOTH:UNCFF).
*SMART CONTRACTS* Codius is being used by Ripple Labs for banking and enterprise integrations.