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*****NEW GVRP ATTORNEY CONTACT********
THIS TIME YOU HAVE LESS THAN 2WEEKS TO DEMAND ACTION OR GVRP/BROKERAGES/SEC/NASD/DTC
ALL WALK AWAY...FREE WITH OUR MONEY!!!!
GVRP SHOULD NOT BE ALLOWED TO CREATE PHANTOM SHARES
TO COVER SHORT POSITIONS FOR THEMSELVES AND THE BROKERS
WHO SOLD YOU THE STOCK.
Send what documents and your perspective of events to:
Taylor & McNew
phone: (302) 655-9200
fax: (302) 655-9361
Email
Jonathan Taylor: taylor@taylormcnew.com
,,,,,,,We demand Settlement offers.
,,,,,,,We demand Settlement offers.
*******NEW ATTORNEY CONTACT**********
THIS TIME YOU HAVE LESS THAN 2WEEKS TO DEMAND ACTION OR GVRP/BROKERAGES/SEC/NASD/DTC
ALL WALK AWAY...FREE WITH OUR MONEY!!!!
GVRP SHOULD NOT BE ALLOWED TO CREATE PHANTOM SHARES
TO COVER SHORT POSITIONS FOR THEMSELVES AND THE BROKERS
WHO SOLD YOU THE STOCK.
Send what documents and your perspective of events to:
Taylor & McNew
phone: (302) 655-9200
fax: (302) 655-9361
Email
Jonathan Taylor: taylor@taylormcnew.com
*******NEW ATTORNEY CONTACT**********
THIS TIME YOU HAVE LESS THAN 2WEEKS TO DEMAND ACTION OR GVRP/BROKERAGES/SEC/NASD/DTC
ALL WALK AWAY...FREE WITH OUR MONEY!!!!
GVRP SHOULD NOT BE ALLOWED TO CREATE PHANTOM SHARES
TO COVER SHORT POSITIONS FOR THEMSELVES AND THE BROKERS
WHO SOLD YOU THE STOCK.
Send what documents and your perspective of events to:
Taylor & McNew
phone: (302) 655-9200
fax: (302) 655-9361
Email
Jonathan Taylor: taylor@taylormcnew.com
"We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan"
THIS WHOLE GD MARKET IS RIGGED!
"We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan"
THIS WHOLE GD MARKET IS RIGGED!
Let's see...(50 GVRP shareholders x $150k) settlement
Let's see...(50 GVRP shareholders x $150k) settlement
GVRP settlement soon...
SEC Offers Relief For Brokers That Traded Gluv Shares
By Judith Burns, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- Brokerage firms that bought and sold Gluv Corp. ( GVRP) stock before trading was suspended last month will get some relief from net-capital rules, preventing a further merry-go-round of trading when the number of available shares is in doubt.
A letter to NASD Regulation Inc. from the Securities and Exchange Commission's market-regulation division, released Friday, said the SEC staff will not recommend SEC enforcement action against brokerage firms that don't take capital charges based on trading in Gluv shares before the SEC ordered a trading halt.
Trading was halted on May 27 amid questions about the number of shares outstanding. On May 22, Gluv, a West Palm Beach, Fla., shell company traded on the Pink Sheets, announced a dividend payment that would provide three million shares for each share outstanding. SEC staffers said it appeared Gluv had only 11 shares outstanding at the time, but the issuance of three million shares before the dividend payment raised the prospect of trillions of shares flooding the market.
Billions of shares of Gluv had traded when the SEC announced a 10-day trading halt. Only a small amount of shares have changed hands since the trading suspension ended on June 10. The NASD, formerly the National Association of Securities Dealers, recently issued a special notice warning members to exercise "great caution" until they know if the Gluv shares are bona fide. However, some brokers worried they might face millions of dollars in capital charges on short positions in Gluv or on shares they failed to deliver or receive.
NASD regulators sought and received SEC staff assurances that net-capital requirements won't apply to trading in Gluv before May 27.
Brokers "must take all applicable net capital charges" for Gluv trading after June 10, the SEC staff letter states.
An NASD official, who spoke on condition of not being identified, said the SEC staff action means the prospect of capital charges will not rekindle a rush of trading in a stock at a time when it isn't clear how many shares are actually available.
"It resolves the concerns we had," the NASD official said. "Nobody needs to try to trade in a market that is uncertain."
A substantial number of trades in Gluv have yet to settle, but the NASD official predicted individual brokerage firms will try to resolve their obligations through informal arrangements, arbitration or litigation.
The letter from the SEC market-regulation division staff is posted on the SEC's Web site at http://www.sec.gov.
-By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com
GVRP Settlement soon....
SEC Offers Relief For Brokers That Traded Gluv Shares
By Judith Burns, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- Brokerage firms that bought and sold Gluv Corp. ( GVRP) stock before trading was suspended last month will get some relief from net-capital rules, preventing a further merry-go-round of trading when the number of available shares is in doubt.
A letter to NASD Regulation Inc. from the Securities and Exchange Commission's market-regulation division, released Friday, said the SEC staff will not recommend SEC enforcement action against brokerage firms that don't take capital charges based on trading in Gluv shares before the SEC ordered a trading halt.
Trading was halted on May 27 amid questions about the number of shares outstanding. On May 22, Gluv, a West Palm Beach, Fla., shell company traded on the Pink Sheets, announced a dividend payment that would provide three million shares for each share outstanding. SEC staffers said it appeared Gluv had only 11 shares outstanding at the time, but the issuance of three million shares before the dividend payment raised the prospect of trillions of shares flooding the market.
Billions of shares of Gluv had traded when the SEC announced a 10-day trading halt. Only a small amount of shares have changed hands since the trading suspension ended on June 10. The NASD, formerly the National Association of Securities Dealers, recently issued a special notice warning members to exercise "great caution" until they know if the Gluv shares are bona fide. However, some brokers worried they might face millions of dollars in capital charges on short positions in Gluv or on shares they failed to deliver or receive.
NASD regulators sought and received SEC staff assurances that net-capital requirements won't apply to trading in Gluv before May 27.
Brokers "must take all applicable net capital charges" for Gluv trading after June 10, the SEC staff letter states.
An NASD official, who spoke on condition of not being identified, said the SEC staff action means the prospect of capital charges will not rekindle a rush of trading in a stock at a time when it isn't clear how many shares are actually available.
"It resolves the concerns we had," the NASD official said. "Nobody needs to try to trade in a market that is uncertain."
A substantial number of trades in Gluv have yet to settle, but the NASD official predicted individual brokerage firms will try to resolve their obligations through informal arrangements, arbitration or litigation.
The letter from the SEC market-regulation division staff is posted on the SEC's Web site at http://www.sec.gov.
-By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com
Yes...I agree try to keep the middle man out if possible.
We'll do...standby
Essentially i read this as...green light to pursue legal and arbitration alternatives. THIS IS WHY I HAVE ASKED YOU GUYS TO SIGN ON TO GVRP/BROKERS/INSURANCE CO. CLASS ACTION. If you want your money you will have to get it in the courts. Not in the open market
Essentially i read this as...green light to pursue legal and arbitration alternatives. THIS IS WHY I HAVE ASKED YOU GUYS TO SIGN ON TO GVRP/BROKERS/INSURANCE CO. CLASS ACTION. If you want your money you will have to get it in the courts. Not in the open market
nothing comes up,,,do you have a better link
The SEC sides with GVRP investors: http://sec.gov/divisions/marketreg/mr-noaction/nasd061605.pdf
The SEC sides with GVRP investors: http://sec.gov/divisions/marketreg/mr-noaction/nasd061605.pdf
Anymore GVRP "Regulatory/official like" pr's??
Anymore GVRP "Regulatory/official like" pr's??
Any settlement offer .002 NOTHING LESS
Any settlement offer .002 NOTHING LESS
GVRP...HAS TO BE STOPPED!!!! THEY ARE OUT OF CONTROL! This latest pr stunt is the biggest horsechit i have have seen!
GVRP...HAS TO BE STOPPED!!!! THEY ARE OUT OF CONTROL! This latest pr stunt is the biggest horsechit i have have seen!
EVERYONE do this: Call their broker and ask if they can cancel a few trades you had 2 WEEKS back because you lost money! See how loud of laughter will fill the office!!!
THIS IS BULLCHIT..PAY GVRP DUEBILLS..AMERITRADE RELEASE FUNDS
OR PAY GVRP SHAREHOLDERS A SETTLEMENT!!!
.ER
EVERYONE do this: Call their broker and ask if they can cancel a few trades you had 2 WEEKS back because you lost money! See how loud of laughter will fill the office!!!
THIS IS BULLCHIT..PAY GVRP DUEBILLS..AMERITRADE RELEASE FUNDS
OR PAY GVRP SHAREHOLDERS A SETTLEMENT!!!
1-212-682-1818 Chris Hendon (everything is a work in progress)
Give your incite please
GVRP: SYNOPSIS
From: xxxx
GVRP "Just My Opinion"
In my opinion this is a classic case of
'the rules don't count for you the trader'
First and foremost is the issue that it is NOT the
informed traders that traded the stocks problem.
There are some basic rules that apply to stocks:
1. If you buy a stock that has been short sold the original seller is on the hook & their Broker is also.
2. Any Market Maker that trades the stock is next in line.
15c-211 rule applies 100% of the time not 99%
3. Standing Trades cannot be undone without SEC/NASD,
or a Court Order.
Here is where it gets interesting.
I know what happened on this deal.
I talked to the MM, NASD Market Data Integrity, and the transfer agent when this all started.
Market Data Integrity confirmed the issue of stock trading with a dividend attached. "to me and I have been told also to the Market Marker that was selling the stock"
I also called THE MM and told them of the issues.
The MM ignored the issue with the dividend and kept selling the stock into the market. (they are on the hook 100%)
The transfer agent issued stock before the correct date.
At issue is that they do not, or did not understand their
own business....
Declaration Date: Ex Date: Record Date: Payment Date:
(they are also on the hook 100%)
Now all the brokers and Market Makers that traded the stock
to the current stockholder are trying to worm out of their legal responsibilities.
If you buy a stock and it's not delivered to you then there is a forced buy-in after the stock is called for delivery.
Not this *** that they are trying to pull, "oh those trades don't count" That is just illegal Bull **** to cover their own a** They do count, ask the broker you use if you can cancel some trades you made 2 weeks ago that you lost money on, and they will laugh in your face. Same applies to them if they like it or not.
Failures to deliver, and Brokers failures to act in the best interest of their clients is the issue here.
Any Broker that wants to, or tries to undo a trade, take money from accts, or defraud an investor should be sued, and a letter to the SEC requesting that the Brokers license be revoked and a fine be levied against them should be sent.
Ask for everything in WRITING from your broker!!!
Tell them they can't trade your acct without your consent and you do not give it to them for any issues with GVRP.
This one is gonna end up in court fast if the insurance for those that "Screwed up" does not act fast...
And the payoff for us will be bigger "In My Opinion"
The only way they will is if the Brokers Push the issue,
and get the deal paid off soon.
All the Brokers, Market Makers, and the transfer agent as well as the original short seller look to be in the same mess if the informed traders sue them, AND THEY ALL LOOK TO HAVE DEEP POCKETS SO THEY WILL GET SUED...imo
This has been just my opinion .... all traders need to stand up for their rights on this one or there will be no rules to protect them in the future....
GVRP: SYNOPSIS
From: xxxx
GVRP "Just My Opinion"
In my opinion this is a classic case of
'the rules don't count for you the trader'
First and foremost is the issue that it is NOT the
informed traders that traded the stocks problem.
There are some basic rules that apply to stocks:
1. If you buy a stock that has been short sold the original seller is on the hook & their Broker is also.
2. Any Market Maker that trades the stock is next in line.
15c-211 rule applies 100% of the time not 99%
3. Standing Trades cannot be undone without SEC/NASD,
or a Court Order.
Here is where it gets interesting.
I know what happened on this deal.
I talked to the MM, NASD Market Data Integrity, and the transfer agent when this all started.
Market Data Integrity confirmed the issue of stock trading with a dividend attached. "to me and I have been told also to the Market Marker that was selling the stock"
I also called THE MM and told them of the issues.
The MM ignored the issue with the dividend and kept selling the stock into the market. (they are on the hook 100%)
The transfer agent issued stock before the correct date.
At issue is that they do not, or did not understand their
own business....
Declaration Date: Ex Date: Record Date: Payment Date:
(they are also on the hook 100%)
Now all the brokers and Market Makers that traded the stock
to the current stockholder are trying to worm out of their legal responsibilities.
If you buy a stock and it's not delivered to you then there is a forced buy-in after the stock is called for delivery.
Not this *** that they are trying to pull, "oh those trades don't count" That is just illegal Bull **** to cover their own a** They do count, ask the broker you use if you can cancel some trades you made 2 weeks ago that you lost money on, and they will laugh in your face. Same applies to them if they like it or not.
Failures to deliver, and Brokers failures to act in the best interest of their clients is the issue here.
Any Broker that wants to, or tries to undo a trade, take money from accts, or defraud an investor should be sued, and a letter to the SEC requesting that the Brokers license be revoked and a fine be levied against them should be sent.
Ask for everything in WRITING from your broker!!!
Tell them they can't trade your acct without your consent and you do not give it to them for any issues with GVRP.
This one is gonna end up in court fast if the insurance for those that "Screwed up" does not act fast...
And the payoff for us will be bigger "In My Opinion"
The only way they will is if the Brokers Push the issue,
and get the deal paid off soon.
All the Brokers, Market Makers, and the transfer agent as well as the original short seller look to be in the same mess if the informed traders sue them, AND THEY ALL LOOK TO HAVE DEEP POCKETS SO THEY WILL GET SUED...imo
This has been just my opinion .... all traders need to stand up for their rights on this one or there will be no rules to protect them in the future....
GVRP the longer they drag this out..the HIGHER MY SETTLEMENT OFFER.
GVRP the longer they drag this out..the HIGHER MY SETTLEMENT OFFER.
.002
GVRP hypothetically...(A $250k settlement ea. x's 100 shareholders)
Would only be $25M.
Not much to ask from all of the parties involved.
GVRP
TRANSFER AGENT - INTERWEST
MARKETMAKERS
BROKERAGES
GVRP hypothetically...(A $250k settlement ea. x's 100 shareholders)
Would only be $25M.
Not much to ask from all of the parties involved.
GVRP
TRANSFER AGENT - INTERWEST
MARKETMAKERS
BROKERAGES
Any takers...BETS on GVRP Jail sentences if any wrongdoing is proved.
Any takers...BETS on GVRP Jail sentences if any wrongdoing is proved.
Any takers...BETS on GVRP Jail sentences if any wrongdoing is proved.
I also sign not to sue Seaworld when i get on the kiddie rides..."if i am injured i will not hold said entity at fault"
I'm sure it's on the back of your ticket somewhere when you made the purchase. However, any lawyer worth his salt knows it's a "disclaimer from future liability"
I'll let a jury decide....ooops i spilled hot coffee while i was typing.
AMERITRASH WILL RELEASE ALL FUNDS PROMPTLY.
AND GVRP WILL BE HELD ACCOUNTABLE FOR ALL OF THE DUE BILLS IT OWES.
Moral of my example...If this were the case: every bank in the union would apply this unfair trade practice...because it's free money it would give them a loophole to sit on free money and earn interest! Sorry but we don't have a "hunch clause"