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Ditto to what gcap said. There are probably several dozen other
investors that used to contribute to this board that would also
ditto this post. We all got burned, moved on and occasionally check the board.
141 Capital is currently employing a seasonal trading system. This system is based on trading in seasonal futures and options spreads. Spread trading involves holding a long position in one future(s) or associated option(s) contract and a short position in a related future(s) or option(s) contract, or contract month, in order to profit from an anticipated change in the price relationship between the two. Trading spreads generally reduces risks associated with price movements in markets, and consequently, the volatility of those price movements.
Also from their website. Both this post and the previous
are from their products and services section.
The Company has been focused on the development a number of different systems to service a diverse range of clients engaged in trading in grain futures and indexes. Each of these initial systems has specific targets and functions:
The above is from the Capital 141 website.
I'll take 7. Add me.
I've received them as well in my TDA account.
Allie's email address is given on her profile
The confusion is that in the February report the dates
listed are January 1 - January 31. They should make a
correction and list the dates as February 1 - February 28.
Nuk,
Thanks for the pm.
Nuk,
I'm interested in the PM.
Thanks.
Big A
Put me in the idiot category.
It is now ONCP.
Have at it worm 06/175. Everybody wants to know the truth
about a company they are investing in. You make it sound like
it is a bad thing that you are researching 141. Hopefully, after I make an informed decision to buy a stock, it is a
good decision. However, that is not always the case. I can tell you that after I invest in a company than I am sure going
to pull for that company to be successful. If it is not, than
I just have to move on to another company.
Complete explanation of the conversion.
http://www.141capital.com/pdfs/Offer_to_Exchange_Common_Stock_10-09-08.pdf
I also have a TDA account. I still have shares posted of
OFON, ONCP and N/A for the converted XXIS. I hoping before
too long they will all be consolidated into ONCP.
Planning on picking up some extra tomorrow after funds
transfer in if it hasn't started to run yet.
46.67% of the futures managed funds have now reported.
Managed
Futures Hedge
Funds
Currently Active 1022 5091
Updated through January 2009 477 494
Percentage updated 46.67% 9.7%
Updated during the past 7 days 477 494
Funds with positive ROR 261 304
Average Positive ROR 2.77% 2.71%
Funds with negative ROR 216 190
Average Negative ROR -2.14% -3.43%
Average ROR 0.55% 0.35%
Highest ROR 113.62% 19.70%
Median ROR 0.10% 0.60%
Lowest ROR -22.16% -25.71%
Fund of Funds reporting 13 50
As of February-5-2009 13:35 US CST
More reporting by the hour.
7.38% of the 6154
funds in our database
have already reported
a return for January.
February-4-2009 06:30 US CST
Barclays
6.91% of the 6154
funds in our database
have already reported
a return for January.
February-3-2009 19:10 US CST
hedge fund
Managed
Futures Hedge
Funds
Currently Active 1021 5133
Updated through January 2009 248 177
Percentage updated 24.29% 3.45%
Updated during the past 7 days 248 177
Funds with positive ROR 151 110
Average Positive ROR 3.37% 2.95%
Funds with negative ROR 97 67
Average Negative ROR -2.05% -3.13%
Average ROR 1.25% 0.65%
Highest ROR 113.62% 19.70%
Median ROR 0.32% 0.80%
Lowest ROR -12.39% -15.30%
Fund of Funds reporting 3 30
As of February-3-2009 19:10 US CST
I'll put it on my calendar.
Thank you for the info Jcrom56. I'm not too far south of you down in Charlotte. Our pastor is from Scotland and on special occasions we have bagpipes played. A great instrument.
Big A
I called TDAmeritrade to follow up on the conversion process from common stock to the preferred shares. They stated that they have not been notified by 141 as to when the physical certificates will be transferred. Also, the normal time for transfer is about three weeks and normally they would not expect to hear anything until then end of this week or perhaps the next with the holidays just ending. In addition, he stated the normal conversion process is an electronic transfer, however, since 141 has chosen to issue physical certificates, the extreme amount of paperwork involved in that process could even extend that time.
BigA
In case anyone is interested, I contacted TDAmeritrade to ask them if my stock transfer had been completed. They said they had completed their transfer to the the transfer agent, however, the transfer will not be complete until the December 31st extension deadline date.
It's a yes for me. If I'm going to hold a stock, I'm going to be optimistic about its future.
Where has that fat lady been lately.
Contact your broker and they should now have information of the exchange. They should take care of preferred exchange for you.
Apex is what Ameritrade gives to what they call preferred
traders. I am not even sure why they gave it to me.
They waive a lot of fees that are normally charged to an
account.
I'm with Ameritrade and they waived the fee since I am an APEX account.
Thanks. The final details are close at hand.
O.K., Here is the latest update from TDAmeritrade. I just got off the phone with the reorganization dept. Initially, the rep. said they just received confirmation to go ahead with the conversion last Thursday. As he continued to read through the updates, a revision said to hold off. There is not complete information from the transfer agent and some legal issues that are not complete. He said that it looks like things are starting to happen pretty fast now and I should have an update pretty soon.
Maybe the above post sounds somewhat confusing. However, that's the way it was presented to me. I believe this should all be worked out very soon.
Big A
Much,
I am also a TDA apex member and they stated they would handle the exchange. However, the must wait on notification of the exchange. They said if they do not hear something next week, then there will probably be an extension to the Nov. 7th deadline. I am working with the reorganization dept.
888-723-8504 option 1.
TDAmeritrade asked me to call for an update on the exchange Friday. I called and they, to date, have received no information. They said if the expiration date on the exchange stays at Nov. 7th, then it would highly unusual if they did not receive information next week.
I contacted Big Apple and they told me to contact my broker and ask for physical certificates. My broker had no information concerning the exchange and said they would look into it.
Concerning the share exchange, this is what I have encountered.
I called Big Apple and they told me to call TDAmeritrade,my
broker, and request physical certificates which I would then send to Manhattan Transfer. I called TDA who eventually transferred me to their reorganization department. The Reo.
dept. said they have received no notification concerning the exchange and said they would research it and have everything in order by Friday. They said to call back Friday. They also stated that they would handle the exchange without me receiving the physical certificates. Some of my stock is in an IRA and physical certificates would create a whole new set of headaches.
If you have a TDAmeritrade account, I would give them a call on
Friday if you are participating in the exchange. The direct reorganization dept number is 888-723-8504 option 1.
That's my plan and I'm sticking to it.
Thanks for passing that information on. I am waiting on some funds to come through today to buy additional shares of XXIS through Ameritrade. I had planned on having to phone the order in. You have now saved me an extra step.
Mines been more like a shoebox.
I'm also going to try and come up with some funds for a few more shares in 141 before it starts to move.
Was able to pick up a little more at .0004 today. As long as
I can continue to find the funds and has not exploded yet,
I will continue to add.
As I have said in previous posts, one day I hope to meet all of this crew at a stockholders meeting. I anticipate attending the meeting with SPZI profits. I expect by the time the next shareholders meeting rolls around I will have to cash in a lot less shares to afford the trip.