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Re: phrantic post# 3622

Sunday, 05/01/2011 12:32:36 PM

Sunday, May 01, 2011 12:32:36 PM

Post# of 20680
The transaction of 750 shares in question was not at Ask it was ABOVE ask. This took place on Friday near day end as TelVue Level 2 was showing the Ask going up. I thought we were headed into a run. I wanted shares. The market closed at 4pm. 750 shares were ordered and not delivered. The broker was called. A report was filed. When I mentioned this occurrence I never expected all this controversy. There may very well be a logical explanation for what happened but I don't have it. Never happened before. I have bought small lots of TelVue many, many, many times this year. Every trade was executed in SECONDS. I am going to apologize to you all in advance for opening this can of worms. I saw what I saw and that's my reality. If you challenge it that's fine. Believe me, don't believe me, I don't care. There is nothing I can do on a Sunday to shed any further light on this. On Monday when my brokerage is open again I will try to obtain a statement from them and I will let you all know. I cannot guarantee they will respond to a complaint I filed at the end of the week by the end of the business day on Monday. You will hear when I hear. If there is a good and logical reason for what happened here I will be the first to let everyone know what it is. Don't think I haven't been trying to figure it out myself, it is quite vexing. I ask myself maybe it's because it was above the Ask but that doesn't make sense. Maybe because I clicked All or Nothing but the order was so small!! It wasn't like I ordered 10,000 shares. Is it that hard to get me 750 shares? That was my question.

I have read over the SEC website last night and there is this statement:

No regulations require a trade to be executed within a certain time
There are no Securities and Exchange Commission regulations that require a trade to be executed within a set period of time. But if firms advertise their speed of execution, they must not exaggerate or fail to tell investors about the possibility of significant delays.


http://sec.gov/investor/pubs/onlinetips.htm

The poster that has challenged me has said a transaction has to be executed within 2 minutes. That's what I thought too. I have heard that many times. But now I can't find that anywhere and that info is contradicted by the SEC statement above. When the end of the trading day was approaching and I wanted those 750 shares, that 2 minute time limit datum was on my mind. When I made my infamous post Friday night I was thinking with that datum. Now I have read the above statement and I am going to myself maybe I am wrong, maybe the order was overlooked, maybe someone was ahead of me, maybe, maybe, maybe. I don't care about the reason the transaction didn't go through. I know it happened. I have the screenshots. I will not post anything more on this matter until I have called my broker Monday. I will not disclose the name of the broker on this board even when I have their response.

I will not disclose ANYTHING that I don't feel like disclosing. Last time I checked it was a free country. Don't like it? Put me on ignore and skip over my messages. I don't know you. You don't know me. You don't want to know me. I am a grumpy guy. It's the internet people and everyone is here for a reason.

TelVue is a good company and a good investment. Don't decide whether you want to be invested in TelVue or not because of me. PLEASE. Phrantic is correct that message board messages are not a basis for buying and selling stock. This applies to his messages. My messages. Any message. He's right - SEC filings are best. There is an SEC filing (8K) where Gerry Lenfest has extended the terms of his loan to the company to 1 Jan 2016.

Here's that link again:

http://ih.advfn.com/p.php?pid=nmona&article=47015480

Read that all and make your own decision on what it means.

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