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Thursday, June 26, 2014 8:29:42 AM
GNCP - Wonder why the SEC stopped accepting $0.01 fees in the form of 101 share trades? LOL!
Has nothing to do with the SEC not accepting them, every trade transaction is assessed with them and it is typically combined as part of the fees and commission a person pays for the trade. The individual that was dumping shares into the market arranged to pay their block position fees and any additional fees in separate transactions. That customer and broker are obviously not selling shares any longer.
I did see some 1 share trades the other day. Those manipulating, or attempting to manipulate the PPS down to No Bid will continue to try any, and every means necessary to collapse shareholder value.
Proof that it was manipulation? Assuming just because it is a single share it is manipulation is ridiculous. Many transactions are broken down in smaller pieces. Not everyone buys round lots, they buy by the amount of money they are willing to spend.
The filings and the investor communications are right around the corner.
Yeah said every day for the last year about every delayed disclosure...lol... they cannot even keep to their own timeline as announced...lol
Cash flow will be a game changer. No doubt, OTC Link and OTC Markets, which are one in the same entity, have something to be concerned about. Their lawyers and liaisons will be very busy attempting to mitigate their risk.
Concerned about what? they are not concerned about anything when it comes to these dirty pinksheets.
Pay close attention to OTC Link LLC's weekly dark pool data. Nearly all of the trading that circumvented the DTC clearing system was through OTC Link LLC. Funny thing, I have NEVER seen OTC Link LLC make a market for GNCP on level 2's
FALSE, the ATS OTC Link is in fact the OTC Markets public trading system, it is not a dark pool nor does FINRA or the SEC consider it a dark pool. Read the registration statement to the SEC for this public market place, it states clearly "PUBLIC".
The ATS doesnt circumvent the DTC system, all trades are reported to both FINRA and the DTCC for settlement. SHow a document that discusses this circumventing the DTCC settlement system.
This may explain the endless number of shares being offered, and an unchanging offer into buying demand.
Oh its been explained as to the endless shares... IT IS CALLED DILUTION and there are billions of shares to be sold. The company clearly discloses that it is in fact DUMPING bilions upon nillions upon billions upon billions upon billions of shares into the market through debt conversions... lol.. in less than 7 months they were able to increase the Float from 900 million to 9 billion shares... lol..
It is time to shut down OTCMarkets.com and the criminal activity they are affiliated with.
Agreed it is time to shut down the OTC Markets, time to shut down all of these pinksheet schemes. Especially these non SEC Filing pieces of crap scams.
THE REAL DTCC DISCUSSION
http://investorshub.advfn.com/boards/board.aspx?board_id=23867
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