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Re: jsm000 post# 1555

Tuesday, 10/21/2008 7:54:34 PM

Tuesday, October 21, 2008 7:54:34 PM

Post# of 84657
Jsm000, with your “Manipulation” thoughts...

I am trying very hard to not play the "naked shorting" card with RRLB or any stock in the penny stock world. I have seen over the years where both dilution and/or naked shorting existed on the contrary where it was least expected. From doing my research here with RRLB, I don't think we have any dilution concerns, but I can't say the same about any kind of naked shorting. I do believe that there were some issues before as indicative from the letter that was submitted to the SEC, but I think things would do well for RRLB if brokerage companies like Ameritrade would allow RRLB to simply be traded fairly and correctly based on basic supply and demand market principles.

I know that many people had orders in yesterday that never were allowed to get filled. I know that there were quite a few people having trouble with buying through Ameritrade, Etrade, & Scottrade. If I am not mistaken, Ameritrade accounts for about 70% of the online trading volume. With Ameritrade, first you had to call in to buy shares, but yesterday they told someone that they could not buy shares today and to try back tomorrow. After inquiring the reason why, they said that they didn’t know why. Of course this was after keeping them on hold for about 20 minutes or so.

From previous calls in the past, below is the reason why I was told that such was the case:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=26950485

However, yesterday, it was explained to me in detail a little different by Ameritrade, but still I was told that the restriction was not because of the company. Ameritrade told me yesterday that it has nothing to do with the company. It has something to do with them protecting us as an investor for allowing volume out of the norm to enter that might cause price increases due to the fact that it could be someone trying to manipulate investors. I was like huh???? I asked if this was Ameritrade or the SEC as I thought protecting investors was more in the lane or the job of the SEC.

I started asking about why they were not protecting us investors from all of the major market stocks that have crashed and have caused investors to lose far more money than investors could ever lose in RRLB. I ask if they really thought that what they were doing was not considered manipulation. He said that it was not to hurt the company, but then I told him that although their intentions are good, it’s the company who is potentially hurt the most as they hinder the company’s growth by altering its true supply for the demand that would exist. I told him that that was the whole premise of the market.

Long story made short, we had a great discussion for about an hour where much was said by both of us. The guy told me that they do remove stocks periodically once a company requests to be re-evaluated to see if it fits the criteria for being removed. The company is aware of this and the issue is being re-evaluated by the Ameritrade Corporate Risk section that is responsible for reviewing stocks to decide if they are put on this list. He made sure to inform me that it is not just RRLB that is on this list, but many other stocks. Hopefully we hear what the repercussions to facilitate this issue are. I think Ameritrade and all those brokerage companies executing this policy should re-evaluate the elimination of this policy before it gets elevated to a higher authority. This is completely unfair.

v/r
Sterling