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Thursday, 04/12/2018 2:59:52 PM

Thursday, April 12, 2018 2:59:52 PM

Post# of 109742
Wonder how the new toxic financing rules will effect TPAC. Bill wont be able to get anymore toxic notes. Maybe this will finally put an end to TPAC.


Quick analysis of Alpine's new dilution rules for those curious>>>

It's end of day today that BMIC supposedly gets shut down and therefore tomorrow when Alpine's new highly restrictive dilution rules kick in according to Alpine themselves ok.

So tomorrow fwd Alpine's gonna place insane restrictions on how much dilutive paper funders can sell on sub penny plays...and they are gonna force penny funders to put up large cash collateral to even dilute sub penny plays moving fwd based on their newly imposed ARC rules.

Sub penny funders will still be able to dilute but only on a 1st come 1st serve basis so there will be only 1 diluter per sub-penny play that's even active...and only if they put up large cash collateral...and even then they are gonna be subject to only selling small 20% amounts based on the 20 day avg liquidity in play over any rolling 2 day period ok.

Call it an "illiquidity premium" based on alpine's new Adjusted Risk Capital(ARC) rules...because tomorrow forward Alpine clearing will no longer be X clearing.

And market maker BMIC is supposed to be getting shutdown today which was the mm the brokers that cleared sub-penny plays through alpine clearing used.

What it should mean for us joe retailers moving fwd...is severely limited dilution on sub-penny plays ok. But we also will have to find sub-penny plays that already recently received funding to put the company's in a position to put out growth driving news flow ok.

It should also eventually lead to a far more active plus penny market than what we've seen.

Over the course of the next week or so we'll all be slowly but surely figuring out the new otc landscape we find ourselves in and making the appropriate adjustments!



Because of recent developments Alpine’s operations will need to know how many shares of which stock you plan to trade (starting Friday) before we can place the trade. We can try to get approvals the day before, after the market closes. We will need to place an order for the shares we do get approved. Unfortunately, we are unable to reserve shares without placing a trade. I hope this makes sense. If we get pre-approval the prior day, you will need to call the following day, in the morning, to actually place the trade with a broker. The trade must be placed soon after the market opens.

We are only able to allow up to 20% of the 20-day average daily volume of the particular stock you’d like to sell over a 2 day span. However, this is firm wide. Therefore, if someone else is trading the same stock as you we may not be able to allow you to sell 20%. It depends on what has already been approved if anything at all.

Please see below and attached:

Trade Approval – please send this to pretradeapproval@alpine-securities.com with all columns completed for each stock you are looking to trade. We will need this every time you plan on trading. If you plan on sending this request on the previous day please do not send until the market has closed. Also, we will no longer be able to place GTC orders or any orders below $0.01.

*** If we are able to get an ex-clearing market maker back we will be able to take GTC orders and take stocks under $0.01 again. But until that happens (if it happens) we are only able to do day orders and at $0.01 and higher.

On a side note:

Alpine Conversion Tracker – please include this tracker along with all your deposits moving forward. We are attempting to have all clients use the same template.

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