I called Mike and he spoke to scottrade, etrade, ameritrade and schwab and they all said the same thing. THere are no restrictions on the stock. When there is unusual share volumes, it is very common for an online trading company to require you call your trades in. I would say this qualifies for that unusual trading activity. Mike also said that he just sent a copy of their 15c211 to their lawyer and they will get it online as soon as possible. He doesn't want to put out any press release right now because he feels it may raise a red flag. I asked him about the number of press releases put out recently and he said that several of them were from a few weeks and even a month or so ago. they were holding on to them and felt that if they didn't put them out quickly they just wouldn't be valid anymore.
"Hi Pete,
That's a good question. We had no intention of putting out that many releases in such a short period, however in an effort to inform the public about what we were doing, we needed to get the information out before it was just old news. I know it seems like a lot of news but sometimes companies put out 3 or 4 releases even in one day just so the news doesn't become obsolete.
Also, I checked on the online trading issue as you (and a few others) mentioned. I just called Ameritrade, Scottrade, E*TRADE and Schwab and none of them have any problem with MRDY. ALL online brokers will put a trading restriction in effect when volume fluctuates greatly in a Pink Sheet stock. The trading restriction simply means that for a period of one week, you may not be able to buy certain volumes of a particular stock online, but you can definitely buy it over the phone. They do this to help prevent fraud, not because of fraud."
AI
