Yanglin Soybean, Inc (fka YSYB)

[sunsailor]

8/22/2017 YSYB.01+.015=(LEGAL)RISKLESS PRINCIPAL FILLS.

Did you notice yesterdays bouncing from .07 to .01 to .07 to .015, then back to .07? (Or whatever from memory)
We could be wrong, as we did get over a 1000 shares at a penny filled.
The Market Makers ARE OUT OF SHARES!!!!!!!!!!! They shuffled the fills amongst themselves for a penny & penny and one half to obtain shares to sell at SEVEN CENTS TO ME. Completely legal, but only about 3,500 or so whatever ~shares were filled at seven cents actually, IMHO. CORRECT ME IF WRONG.
GREAT NEWS! MM's ARE OUT OF SHARES COMPLETELY AGAIN !!!

Super aggravating, difficult, & HOURS time consuming; BUT WORTH IT AT $10. To $20. BOOK VALUE IMHO!
(( Forget about the "10 second" & "20 minute rule here on Greys. )) It often takes hours to coordinate fills.

QUOTE: "FINRA Section 302: Reporting Riskless Principal Transactions

Q302.1: What is a "riskless principal" transaction?

A302.1: For purposes of OTC transaction reporting requirements applicable to equity securities, a "riskless principal" transaction is a transaction in which a member, after having received an order to buy (sell) a security, purchases (sells) the security as principal and satisfies the original order by selling (buying) as principal at the same price (the offsetting "riskless" leg). Generally, a riskless principal transaction involves two orders, the execution of one being dependent upon the receipt or execution of the other; hence, there is no "risk" in the interdependent transactions when completed. See NTM 99-65 (August 1999).

Q302.2: How are OTC riskless principal transactions reported to FINRA?

A302.2: Members can report OTC riskless principal transactions by submitting a single tape report to a FINRA Facility in the same manner as an agency transaction, marked with a "riskless principal" capacity indicator, excluding the mark-up or mark-down, commission-equivalent or other fee. Alternatively, members can report an OTC riskless principal transaction by submitting two (or more, as necessary) reports: (1) a tape report to reflect the initial leg of the transaction with a capacity of principal; and (2) a non-tape (regulatory or clearing-only) report to reflect the offsetting "riskless" leg of the transaction with a capacity of riskless principal. See Rules 6282(d)(3)(B), 6380A(d)(3)(B), 6380B(d)(3)(B) and 6622(d)(3)(B); NTMs 99-65 (August 1999), 99-66 (August 1999) and 00-79 (November 2000). Where the tape report for an OTC riskless principal trade incorrectly reflects a capacity of "principal," the non-tape report is required under the trade reporting rules.

Q302.3: If the tape report for the initial leg of a riskless principal transaction is submitted to a FINRA Facility, must the non-tape report for the offsetting "riskless" leg be submitted to that same FINRA Facility?

A302.3: No. The trade reporting rules require that where the tape report for the initial leg of a riskless principal transaction is reported to FINRA, the non-tape report for the offsetting "riskless" leg must also be reported to FINRA; however, in such instance, members are not required to report both legs of the transaction to the same FINRA Facility. See Rules 6282(d)(3)(B), 6380A(d)(3)(B), 6380B(d)(3)(B) and 6622(d)(3)(B).

FINRA amended the trade reporting rules to avoid the unintended consequence of requiring members to be participants in all TRFs in order to comply with the trade reporting rules. See FINRA Regulatory Notice 07-38 (August 2007). For example, members BD1 and BD2 execute an OTC trade, and BD2 is acting as riskless principal for its customer. BD1 submits a tape report to TRF A reflecting BD2's capacity as principal. BD2 would be required to submit a non-tape report reflecting the offsetting customer leg of the transaction and its correct capacity as riskless principal. However, BD2 would not be required to submit the non-tape report to TRF A; BD2 could submit the non-tape report to TRF B. (Where the tape report is properly marked "riskless principal," a non-tape report is not required under the trade reporting rules. See FAQ 302.2.)

FINRA expects that, where possible, members will report both legs of a riskless principal transaction to the same FINRA Facility. See FINRA Regulatory Notice 07-38 (August 2007). Thus, if one member is reporting both legs of the transaction, FINRA expects that the member will report both legs to the same FINRA Facility.

Q302.4: Can members report riskless principal transactions to FINRA where the initial leg is executed on and reported through an exchange?

A302.4: Yes. Where the initial leg of a riskless principal transaction was previously reported by an exchange for public dissemination, the member would be permitted, but not required, to submit a non-tape report to a TRF or the ADF for the offsetting "riskless" leg. See Rules 6282(d)(3)(B), 6380A(d)(3)(B) and 6380B(d)(3)(B). Similarly, members may, but are not required to, submit a non-tape report to the ORF for the offsetting "riskless" leg of a riskless principal transaction where the initial leg is executed on and reported through a foreign exchange. Members that choose to report such transactions to FINRA must include all data elements required to be reported under the trade reporting rules. Members should not report the exchange trade to FINRA for public dissemination purposes, as that would result in double (tape) reporting of the same transaction. See Rules 6282(f), 6380A(e), 6380B(e) and 6622(g).

IMHO: YSYB 8/22/2017 PENNY (.01) & PENNY AND ONE HALF (.015) FILLS WERE LEGAL YESTERDAY, DESPITE BEING RISKLESS PRINCIPAL TRANSACTIONS; AS Market Makers (MM's) WERE COMPLETELY OUT OF YSYB SHARES! ( MM's can't necessarily go outside for more shares on Greys.)
YSYB IS AGAIN OUT OF SHARES!! PREPARE TO WITNESS HUUUGER YSYB PRICE JUMPS! NO ONE RECEIVED ANY PENNY SHARES YESTERDAY IMHO. IF YOU DID, PLEASE POST SO TRUTHFULLY, SO WE'LL KNOW WHAT'S GOING ON. VERY HIGHLY DOUBT ANYONE GOT FILLS FOR A PENNY YESTERDAY! WE'RE OUT OF SHARES!!! Again, we could be wrong, as we did in fact get over a 1000 shares filled at a penny.

Q302.5: Member BD1 receives an order to buy a security, purchases the security for its own account and then sells the security to satisfy the original order at a different price than the price at which BD1 acquired the security. Does this constitute a "riskless principal" transaction?

A302.5: No. Transactions at different prices are not riskless principal transactions for purposes of the trade reporting rules, even though the transactions may otherwise be "riskless." Thus, each trade, at each respective price, must be reported separately to the tape. See NTMs 99-65 (August 1999), 00-79 (November 2000) and 01-85 (December 2001). See also Section 304 (Reporting Net Trades).

Q302.6: Member BD1 receives an order to buy a security, purchases the security for its own account and then sells the security to satisfy the original order at the same price; however, the settlement types, and thus the settlement dates, of the two legs of the transaction are different. Does this constitute a "riskless principal" transaction? ~ FINRA

http://www.finra.org/industry/trade-reporting-faq