Monday, November 01, 2010 12:26:38 PM
What exactly does "major brokerage support" mean?
I am by no means new to stock trading, and the only thing I can read in to that is that IDCN/Jeff has hired a broker to assist in the sale of the common shares of IDCN, either from Jeff's personal holdings or from the newly minted shares. A broker cannot legally "pump" the stock, and if a broker even recommends them with genuine material reason to do so than that broker faces some serious legal repercussions. Ask GS about their recent friendly conversation with Congress. Also, material information that would impact the value of the shares that has not been made public cannot be disclosed to a broker that is actively trying to sell your shares. It is one thing for a pink sheet CEO to do things not quite above board, but a broker has a far stricter set of rules and laws to abide by.
I am simply and genuinely looking for some clarification here as I cannot think of a single way that a company and/or the CEO of a company hiring a broker to assist in selling shares could in any way benefit the average shareholder.
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