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Does anyone know if the "Free Shares" from SSTY on TPDI have had their restriction lifted or if anyone has been able to get the restriction removed by the company?
I haven't been following the happenings. TIA
Does anyone know if the "free shares" from SSTY have had the restriction removed? Not sure myself as I haven't followed the happenings. TIA
Are the shares still restricted?
I do you don't. Just check the price tag on this grey sheet scam and check out who is running the company. Perhaps the writing on the wall is too big for you to see? LOL
Wow they don't even have the funds to pay for an opinion...geez. The company is the only ones who can lift the restriction and if they don't want to lift it then too bad for us. Hey they got your money why would they give it back? Sad isn't it? Crooks to the bone these guys.
Do you have an email address and I will email them and hopefully get an email response stating the 31May07 date. That will increase our chances to about 50%. The company can at any time change its mind and not release the restriction and there is nada we can do about it, nothing, nada, zilch. (Not sure if I spelled that correctly) God Bless Everyone and good night America! Best of luck to us ALL!!
PAY ATTENTION it isn't lifted till the company lifts the restriction and not one minute before. So show me the PR, the news release, show me the legal opinion,a filing, show me something other than someone no one knows on this board saying it is May 2007. Show me the proof otherwise it's just an opinion. Face the facts, been there done that, facts.. proof all else is opinion.
I for one hope you are correct I would like to get some money from this bad SSTY investment. Thank you and good night America!
Time is running out? Since when? The restrictions are still in place and no signs of it being lifted.
You have to call your local office and they will call the floor and get the bid and ask and then the office will place the buy or sell order for you but the cost won't be $7 rather $27. Welcome to grey (gray) sheet trading.
I will gladly share as soon as I call. I just saw your post today. I will call Monday and post the results Monday evening when I get off work. If you'd like an answer sooner then please call and ask the EXACT same questions I intend to ask them as well as any other general questions you may care to ask. The devil is in the details, be very very specific general questions have little worth.
I will certainly ask exactly what a fully executed rule 144 LETTER is, who it is that executes that letter, what the steps are to fully execute the letter, how to get actual restricted certificates since we don't have them in our possession.
Remember the shares showed up in our account the actual certificates were not mailed to us so who will issue us the restricted certificates etc etc etc.
As you can clearly read there are many unanswered questions come Monday I will have a clear picture. If the processes is as long as I think it could be and if the company has to issue the "144 Letter" then no hurry as the restriction may never be lifted. The law is very clear about this point only the company can lift the restriction and if the company doesn't want to lift it then they just don't.
I still don't see any reference that states clearly that the company will be lifting the restriction. I'm guessing you just do not have a written statement or PR or anything written that shows the company's intent to lift the restriction.
Remember who runs the company and we all know what kind of reputation he has in his past. Here is a clear hint that something is not on the up and up...if the company True Product ask you to call the transfer agent instead of answering the question directly about when exactly, what date the restriction is being lifted and when we can expect a public statement or at least an email stating such then ...they have no intention of lifting the restriction.
Basically they show something in writing, words are worthless in this case.
Anyway I'm hoping for the best... for us all.
Written is always better than word of mouth you know that but I'll call anyway...got a phone number? I'll call and ask about the restriction then I'll ask for an email as verification and we'll see what's shaken. For me, I hope you are right on the money!
Whocares19067, where is it written that the restricted period is up on 30May07? I hope you are correct, I would like to know where I can read this 30May07 date as the day the restriction is lifted.
I think dsp is correct as this has been my experience but I will be happy to see or read that I can trade my restricted shares soon.
Guys the last restricted shares I trades required 1. Restriction had to be lifted by the company. There is no automatic lifting I'm aware of at this writing. 2. The company had to render a legal opinion. After these first two are met then 3. Fill out and file the Form 144 and yes there is a fee involved between $150 to $200 is typical and your broker is the one who sets this fee. So filing a form 144 before the first two step I think is premature.
Check with your broker and ask pointed questions like what if the company doesn't lift the restriction? When does the company have to lift a restriction? Is there such a thing as an "automatic lifting on restricted shares? Does the company need to render a legal opinion before a restriction is lifted?
Thanks guys I didn't realize the restriction was going to be lifted May 30th.
Thanks popcorn so has the restriction been lifted? I ask because without the restriction being lifted the forms that you sent in are with out worth. I don't believe the restriction has been lifted but I'm hoping I am wrong and that the restriction has indeed been lifted. I would contact the company just not sure how to do that, do you have the phone number?
Has the restriction on TPID divy been lifted? Have TPID issued a legal opinion?
It is what it is and it's all free shares anyway....hmmmm, well since you are so cavalier concerning your free shares how about giving me all your free shares?
That may be true maybe they are not being truthful. I'm hoping these people are incorrect. Didn't some one just recently say they received their divy? Perhaps he can shed some light on this providing the divy shares received is in fact from BIGN.
I'll give BIGN a call and ask what the real deal is tomorrow, hopefully someone will answer.
Well that's not good first the get themselves de-listed now they go and renege on their divy promise. What's next?
What was the split originally, anyone remember?
Thanks Frat, my shares are in Scottrade and nada there also.
If you don't mind me asking who is your broker?
Did you read my post? I believe you'll see JMHO which means just my honest opinion. We have front row seats lets see what unfolds from here. I hope BIGN recovers and does well. I know you have much much more at stake than I so it is easier for me to watch and maybe I emphasis maybe have a vantage point. All in all it s all JMHO.
In the past once suspended unless the SEC clears the company the company goes to the Grays. I don't think the company will provide the required information to the SEC so the SEC will not clear BIGN. Think of it like this BIGN is pleading no-contest. This non-action allows the suspension to run its course which means BIGN goes to the Gray's and commences trading on March 22nd on the Gray sheets. JMHO
Going Gray is never..never.. a good thing. Your BIGN management dropped the ball and we will pay as the BIGN share value drops. Our salvation lies in being able to trade our divys. BIGN certainly can comes back if it does consider it a gift. JMHO
It will become apparent when there are no level 2's available and they realize they must call their broker for a quote. Grays are a real interest killer as most traders avoid such stocks like the black plague of the Europe. No interest no movement or much smaller movements than usual and since most here are in for the anticipated price movement...well the outlook isn't as rosey.
New battle cry is "Lift the restrictions on TYCHE"! I'm hoping Satori-now is correct as this would be welcome news indeed.
I have no idea what you are talking about. Maybe he is upset and simply has a different opinion, lets cut each other some slack.
Very interesting:
Jim Cramer is one of Wall Street's most respected and successful money managers around and he is one of the biggest celebrities in the Financial Industry. His “Mad Money” television show is one of CNBC’s highest rated programs. He also owns a very popular financial website called thestreet.com.
Recently, he sat down for an interview for his website and spilled the beans about the manipulation that goes on in the stock market – especially the hedge fund business.
I didn't realize he was a big time hedge fund manager. Tells how he used the same Jesse Livermoore tactics to manipulate the markets legally. So does it occur you bet and the amount of $$ it takes is fairly small imagine how easily it is to manipulate a penny stock.
So for all those conspiracy theory guys who say manipulation isn't true but rather an excuse..check out the video Jim tells exactly how it did manipulated the markets. So boys and girls this stuff is real not some fairy tale.
stock wire. com/ content/ view/ 238/ 87/
Be sure to remove all the spaces and insert the world wide web prefix..
Nor one with his head in the sand. A difference in opinion doesn't make one or the other ignorant they simply have a difference in opinion. This isn't North Korea yet is it?
I don't know about all that silverboy but your anger is noted in all your post. Lets hope the divy's will have their restrictions lifted this summer in a timely manner.
Should that happen I believe we all will have the chance to recoup our losses.
Understandable Eat understandable. Lets hope BIGN comes through for us all. I'm placing emphasis on the divy's being trade able this summer. If they are we all will be better off.
Here is a short and sour answer....sometime in 2007. Hey these things take time...lots of time...audited financial s you ask...ohuhhhhh ...we could not conduct business without audited financials.
Did that mean they are not conducting business? That is the way it sounds to me otherwise a simple ...YES...would have done nicely. . Why didn't the guy just say yes?
Remember the post about BIGN and TYCHE hitting the markets in the face well we have been served BIGN's left hook ...watch out for the crossing right!
I like so many others knows what yes means. The Bill Clinton shuffle has no place for us now. When the company people give vague answers ask again and ask for a simple yes or no...if they can't give us straight answers then assume the worse case. Don't let greed and unfounded hope cloud ones vision.
BIGN's management should NEVER have let this SEC action happen and I don't believe the company line...we didn't know either. They know the game believe me they know as they are still playing their stock holders with the infamous Clinton shuffle.
Our hope lies with our divy's, focus on these and let BIGN go it s a waste of energy. Lets get the restrictions lifted, if we can, as soon as possible after the one year anniversary. This should be our focus. BIGN won't see otcbb's status for many months if ever regardless of their many in the works LOIs, focus on the restrictions being lifted. If the company doesn't lift the restrictions on the anniversary then you'll know the true colors.
JMHO.
Not to burst you bubble but a listing on the grey, or gray however one wants to spell it, sheets is never a good thing...never. No longer will quotes be readily available. You'll have to call your broker and the broker calls and gets a quote and you will have to wait for a call for confirmation on the order being filled.
I have minimal experience with stocks on the gray sheets but what experience I do have is that none of them came out good. That's right the bign zero. Play on words here... now I hope it turns out ok as I am like the other stuck albeit with only small holdings but stuck much the same. The other companies that were send to the Siberian prison, gray sheets, all the companies said they did nothing wrong...one even said they welcomed the investigation....they are trading at .0002. Get the idea? Bign may very well drift into the big black hole and disappear. Our only salvation is the stock dividends we have received and they should more than cover this loss in bign so all is not lost...that is if the restrictions are ever lifted so we can trade our dividends and that is the next hurdle we need to focus on not the LOI. The LOI will get done or not but the lifting of the restricions on our divy's is HUGE now and should be foremost in our minds. JMHO
Hope this isn't what was meant by...Bign is going to hit the market right smack in the face...LOL
For you techno guys...looks like the BB's are tightening, expect action to follow as it normally does or so history seems to indicate.
Lets hope they lift the restriction!
I'm with you on this partner!
When we can trade the TYEG shares they will be worth something, just not yet.
Well you can expect some more downside IMO. Question is the bounce, will it occur tomorrow AM or PM or some other day? If history repeats it should happen tomorrow AM then fall again PM.
In any event tomorrow will be interesting. From what I hear if the YEN continues to rally look for further downside. As it was the cheap Yen that fueled Chinas amazing stock market rise. Now that liquidity is drying up and many fund managers realize the party is over. We shall see. Interesting trading tomorrow much cash to be made tomorrow.
Is there not a SBRX board?
Big Markets I think are most prevalent on the minds of most, so the news release was over shadowed by the large down move in the major markets and markets world wide. I didn't bother with BIGN today with so much action in the real markets today.
Looks like the long awaited correction has announced its presence and may take some days/weeks to run its course. Tomorrow may see more of the same, the question is will the markets pop up before they resume their downtrend. If history repeats itself we should see a nice pop up before the correction resumes, it will be a one day event so get your tickets early!
What do you bet BIGN finally closes its deal about the same time the major markets recover and once again BIGNs good news is overshadowed. Lets go BIGN close the deal we are waiting!!