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any of you mods gonna stickie feduptohere's post from FINRA so peop know the truth or ya just gonna let it get lost.
I think that's important info!!
aren't you the one's that were saying "e-mail FINRA, see what they say" LOL
and here's what they said:
FedUpToHere Member Profile FedUpToHere Friday, December 16, 2011 2:24:54 PM
Re: SevenTenEleven post# 191567 Post # of 191602
This is what Melissa at FINRA Opeations just told me as of 12:17 PM MST in regard to this --
Quote:Thanks for confirming that FINRA may approve corporate actions for non-registered companies such as FFGO!
Q. Can a stock that has been revoked by the SEC, in this particular case a stock under the symbol FFGO, be approved by FINRA to do corporate actions through FINRA; and in particular, issue dividends on the revoked stock?
A. Was the stock revoked under 12(j)? If the stock was revoked through a 12(j) action, the company can not issue a dividend through FINRA.
Q. How would the stock, and in particular FFGO, get back in good graces with FINRA in order to be able to issue a dividend/
A. They would have to go through the 211 process.
So -- was FFGO revoked under 12(j)?
FINRA- Corporate Actions
9509 Key West Avenue
Rockville, MD 20850
Operations: 866.776.0800
Fax : 202.689.3533
otccorpactions@finra.org
here's one that liquidated - still went through FINRA
09:17 SVGH Shreveport Gaming Holdings Inc Common Stock 11/18/2011 100 Final Liquidating Payment ($0.33/sh). Deletion time: 9:14:40**
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/18/2011&mkt_ctg=ALL
here's one that went private - still went through FINRA
17:18 KNTH Kent International Holdings, Inc. Common Stock 12/9/2011 100 Company Going Private. 1-950,000 R/S; As a result of which each shareholder who owns less than 950,000 shares of common stock, shall receive cash of $2.50 per common share in lieu of fractional shares. **
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/08/2011&mkt_ctg=ALL
ya gambled and ya lost!!
I think FedUpToHere's post SHOULD BE STICKIED
edit-13:06 FFGO Fortress Financial Group, Inc. Common Stock 12/7/2011 100 12(j) Registration Revoked by SEC
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=12/07/2011
yeah, I here ya, second time around, I don't have a clue what's gonna happen here. learning experience for me.
ok, makes sense, gainskeeper is a good program for tracking trades, they are ususlly right on top of splits and divys. I use it as an indicater that I'm gonna get split shares. really doesn't give you any idea when.
It's great come tax time!
you have TDA right? where are you showing the new shares? Gainskeeper?
give em some time 0.00 value. 100% loss
oh, and by the way, SLAP! SLAP!
lets make it a little easier
lets start with 100 shares, FS 1.03, gives ya 103 shares, FS 1.05, gives ya 108.15 shares, RS 1-5, gives ya 21.63 shares!! BUT the value is the same as long as the PPS keeps up.
It usually doesn't
buyback? when all they've been interested in doing is locking existing shareholders out and dumping more shares on ya?? I don't see it.
I wouldn't say you're safe from an RS either, hell, their close to maxing out the AS as it is now! they gonna have to do something, raise the AS or RS.
I think the RED flag is already up! 1.03-1 FS followed by a 1.05-1 FS. first one to do that, that I know of. thats gotta be opening some eyes.
saw it, NOTHING against you, I don't believe from what I've seen in the past that there is a time frame for any splits. do as many as ya want!!
here's one that did 3 in 11 months
AGHD- AuGRID Corp. Reverse Split History
AGHG 1:2500 R/S 05/06/2009
AGHO 1:5000 R/S 12/03/08
AGHS 1:1000 R/S 06/04/2008
here's one that did 3 in 10 months
AGIJ- Axia Group, Inc. Reverse Split History
AXAI 1:1000 R/S 08/23/2005
AXAGE 1:500 R/S 02/01/2005
AXGR 1:1000 R/S 10/18/2004
here's one that did 4 in 10 months
WNHL 1:1500 R/S 06/23/2005
IDGC 1:1000 R/S 03/07/2005
IDGN 1:1000 R/S 12/01/2004
IDGE 1:250 R/S 08/16/2004
kinda blows that theory
ck th RS board
http://investorshub.advfn.com/boards/board.aspx?board_id=3017
entertaining is right!! why else would ya be here?
been like that for years
wouldn't #2 be enough to prove that its true?? LOL
2. the issuer is not current in its reporting obligations, if applicable, to the SEC or other regulatory authority;
I don't need more proof than that!
today is day 6 since the ex-date 12/7, if this split was normal everyone would have shares by today.
the only thing I can figure is DTC is screwing with em again. who knows how long it will be now.
since this divy is 25% or more the value of the stock, that would put the "paydate" 1 day before the "ex-dividend date".
OH WAIT! we don't know what the ex-date is, hell. we don't even know what the record date is!
how we gonna know what the paydate is??
better e-mail FINRA and see what they have to say! NOT
"The State of Incorporation ALWAYS governs what a company can and can't do. This means FINRA will base their decision to approve the dividend and set the record date based upon the Statutes of Wyoming. Which VERY clearly spell out that our anticipated and planned dividend would be allowed to be distributed."
HOGWASH!!!!!!
FINRA don't care nothing about the state of wy or any other state for that matter!
how come that makes 110% sense to me and no one else on this board?? FINRA approves all corp actions and sets the ex-dividend date(without that it don't happen). how they gonna do that with a de-registered and revoked company? they won't even look at it if it was presented to them, which it never will be.IMO
took 8 days for TDA to change cdma to N/A in my account, so far its been 5 days for FFGO.
WOW!! must be the first time most of ya have ever been through anything like this!
the .0001 value they have on FFGO is the "last trade" "previouse close" LOL, happened on 11/30/11. it'll be there for ever.
whats gonna change is your FFGO that's in your account. it'll become a number, N/A, or something you have no possible way of trading. the value will be 0.00 and the % gain/loss will be -100%
give em a week, it don't happen overnight!! too funny
ah, ING sharebuilder? in the past they have been fronting shares to their peop.
last time ex-date 7/19, you get em 7/20 (fronted shares)
they've evidently changed their ways.
this time ex-date was 12/7, if they were doing the same thing you woulda had em on 12/8
http://www.otcbb.com/asp/dividend.asp?sym_id=mgrn
what broker?
EARH 1-500 RS monday 12/12
13:11 12/12/2011 EARH Earth Dragon Resources, Inc. Common Stock EARHD Earth Dragon Resources, Inc. (NEW) Common Stock 1-500 R/S **
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/09/2011&mkt_ctg=ALL
got delisted to pinks 11/29 lost the E
13:41 EARH Earth Dragon Resources, Inc. Common Stock 11/30/2011 Y 100 From BB (EARHE)**
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=11/29/2011
guess no one cares no more
kick em while their down huh, LOL
took TDA 8 days to remove CDMA from my account after it was revoked and make it N/A. still there, says "codima delisted 11/23"
a normal FS(DTC don't screw with it) everyone should have shares in 3-6 days. thats MGRND and the additional 5%
I hear some people got MGRND split shares today. what brokers? if ya don't mind. I've been compiling a list of brokers that give out shares early.
2 days to no bid, guess the second time around don't work so good.
I've seen FS 1 week after a FS, 5-1 then 16.5-1.
I've seen RS immediatly followed by an FS and peop below a certain number would be cashed out. companys do it to get the shareholders below 300 so they can delist.
can't remember an FS with an RS shortly after but I don't think it makes any difference. I don't think there's a time frame. IMO
from otcmarkets.com FFGO search
"Your search for "FFGO" was not found. Please use our company directory to find OTC securities"
does that tell ya anything
"Sorry, if revoked, the shareholders are shareholders in a private company."
I was wondering about that, the company still exists, just doesn't trade publicly(no symbol)
I got stuck in CDMA, which got revoked is why I'm wondering.
it says delisted.
what ya know about that??
yeah, bummer for the longs, TDA still knows what it is but I'm guessing tomorrow that'll change
symbol cannot be found
"What it does mean is that FFGO is not tradeable. We would not be able to sell FFGO on a run.
that is 100% correct"
NOT 100% correct,lol
there will be no run, FFGO(the stock) will not exist anymore
13:06 FFGO Fortress Financial Group, Inc. Common Stock 12/7/2011 100 12(j) Registration Revoked by SEC
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/07/2011&mkt_ctg=ALL
guess you were expecting that.
LOL, this is funny, from news today
"This is a company that listens to its shareholders and wants to continue to reward its loyal shareholder base"
I know, this is MGRN second time doing it, where do ya spose it goes?
I know!, LOL