This is how Imperia reads the inaction of some brokers such as E-TRADE in not allowing their customers, "who they're only tring to protect",notice the approx. 50% drop in our share price since UBSS created this halt! If they can prove any wrongdoing on the part of Imperia or anyone connected with IPRE, then do it now, or, remove this restriction!!!!! Yeah, this sounds about right. How can Etrade tell you that they are
"confused" about what is going on? They are the ones that took the
action!!! If I go down the street and go to the store, and someone
asks me why I did that, I don't respond saying "I'm not sure about
that right now, but it was to protect you."
I think the new short laws are not a coincidence that all the sudden
they have massively put in these restrictions on so many stocks and
they don't want to answer for it.
If it is because big blocks of stock were being bought, well maybe
that has to do with the fact that we just announced that the RS was
not going forward!!!!! Look how fast the stock dropped when we
announced the RS so why is it strange for it to shoot up like a rocket
when we take the opposite course of action.
I guess they want to protect the shareholders if the price of a stock
goes up too fast and too high....Give me a break!!!!!
All the best,
James
On 8/5/06, Richard and Eileen Lepre <elepre@surfglobal.net> wrote:
> James, I'm even working away on Saturday!
> Posted by: florida135
> In reply to: jbgoodtrader who wrote msg# 22114 Date:8/5/2006 10:22:28
> AM
> Post #of 22117
>
> It's probablythe first time they had to stop so many stocks at one
> time, as they probably were caught without enough shares to cover their
> positions. The fact that the pink sheets now require them to list all short
> sales has everything to do with this sudden restriction in many stocks. In
> the case of Imperia, they were really caught off base when they found out
> the reverse split was off!!!! With loads of buying coming in, they reported
> shares were being bought in huge blocks "above the market price"!!!! Not
> true,as I watched the action those two very active days, and all trades were
> going through at the bid and the ask price!!!! So these guys file complaints
> to protect "themselves", "not the shareholders", and our thoughtful and
> caring brokerage firms go along with them!!! If E-TRADE or any other broker
> "really cared" about their customers well being, they would remove this
> restriction Monday morning. After 7 days of this nonsense, unless they can
> prove something illegal happened, why should they still be preventing us
> from doing what we've always been doing, "trading stocks online" ?????
> Florida
>
>
>
>
>
>
