Green Oasis (GRNO)

[Dogfish Head]

I use ETrade Pro, and when I buy a stock, it shows up as "Margin" until it settles. I called Etrade when I first switched over to a margin account because all my buys were showing up as margin, and I never buy on margin. They assured me that it's standard in a margin account for the stock to show up as margin until it settles. So with that info, when I buy a stock, in ETrade Pro I can see that my stock is categorized as "margin" in my account settings. Usually after 3 days the "margin" status turns to "cash" status. With GRNO, the last two times it has taken 7 business days and 10 business days respectively to go from "margin" status to "cash" status. That's nearly two weeks to settle - and no holidays in there. Never seen a delay that long, ever. And I've bought the crappiest of the crappy penny stocks with shady share structures in the past. Even they settled in 3 days.

Not sure what it all means, I'm just sayin....