Thursday, September 13, 2007 1:17:06 PM
No solid answers ever. Have not reached the TA yet. In and out of meeting over the next 2 days.
I will be doing more DD over the weekend and beginning of next week.
This has been one of the most abnormal trading penny stocks I have ever seen. That is really saying something as the penny markets are usually a roller coaster ride.
All these pump sites lead to a couple day P&D. If we play the P&D game the MM's truly get to cover. If we wait it out we may get $.0001. Not far from where we are. I am waiting a little while longer.
QUESTION: (I have asked this before)
Why in the world would Ameritrade give a crap about a stock trading between $.002 and $.0031 with a couple of spikes every now and then?
But you can buy many pink sheet stock trading between $.0001 and $.0010?
There job is not to protect the investor. That is for the NASD and SEC. There job is to make money flipping $10 trades that they are currently and have been restricting for quite a long time.
No one has got a straight answer on this question to date as far as I know, but the restriction has been in place almost since the big snafu occurred on Sept. 12, 2006.
I still think A-trade has not paid the piper and I am willing to wait it out. $.003 or $.040, BFD in my mind, it was always about the MOASS.
Ameritrade still restricting trades is just enough of an abnormality that I will wait it out.
By the way in my simple calcs:
2.9 mil outstanding 9/12/06 - mkt price $.50
35 mil? outstanding 9/13/07 - adjusted mkt price $.04
But how many shares of the 35 mil do we each own. There have been 3 to 5 dividends declared but not paid. Who knows? Dividend upon dividend compounding is interesting but I am not sure Don know what 1 + 1 is so asking him to do the math on the dividends he declared may be a stretch.
GLTA. Be back soon.
Pedros
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