It could be that SYNJ is holding back on the real news (behind the scenes news), untill the divy issue with ameritrade is resolved. I believe Ameritrade will lift the no-buy restriction when it's resolved. Once all brokers are buying, then the PPS can really move. Yesterday's update seems a little vague on every issue they addressed. When SYNJ is more clear and releases news about substantial progress, then the true valuation of the company will be adjusted in the market, IMO!
Btw, IMO it would be in the best interest of SYNJ and Ameritrade and all traders to resolve the divy issue ASAP! But i belive Ameritrade has avoided a resolution all this time because they did not want any attention brought to their practice of (naked) short selling, but with FINRA investigating this problem now, they'll probably be a little more agreeable! I'll bet SYNJ would send more shares to Ameritrade just to work this out, and according to the email posted by syscat, this issue may be resolved before the end of the month.
Posted by: syscat Date: Wednesday, March 17, 2010 5:33:47 PM
Post # of 102621
Well, speaking of....
I got this today via email:
Dear Mr. xxxxxxx:
We are in receipt of correspondence from the Financial Industry Regulatory Authority (FINRA), regarding your account held with TD AMERITRADE, Division of TD AMERITRADE, Inc. Your concerns have been forwarded to the Client and Regulatory Relations department for review.
Your concerns will be thoroughly researched, and we will respond to FINRA and to you in writing. If you have additional concerns about an unrelated matter or need immediate assistance or service please contact a TD AMERITRADE Apex Client Services representative toll-free at 888-871-9007. TD AMERITRADE representatives are available to assist you 24 hours a day, 7 days a week.
Thank you for bringing this concern to our attention. We will respond to your concerns by March 31, 2010.
Sincerely,
TD AMERITRADE, Inc.
Client and Regulatory Relations
Corporate Compliance
TD AMERITRADE, Inc. Member FINRA/SIPC (www.sipc.org) Distributed by: TD AMERITRADE, Inc., 4211 South 102nd St. Omaha, NE 68127
