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Tuesday, August 02, 2011 9:55:10 PM
Action Stock Transfer (their TA) said they lost their DTC eligibility. Call them for yourself at (801) 274-1088
The nice lady would not elaborate why, but there is red flags. It is not even in "chill" status, IT IS REVOKED. Don't blast me, JAGS got answering to do and I do not want to see anyone else get into what I got into. I really thought they had a turn around but I must take a negative outlook on HFBG. If they can't take care of the small stuff, they will not make it to the big league.
I thought going to Ameritrade would solve this problem (Penson charged me $225 for one trade and my great broker failed to give me any warning)Ameritrade told me that it was trading now, BUT there was not guarantee that it could trade in the future. The fees will never happen with Ameritrade but it is possible to get stuck holding ANY non dtc eligible stock.
I have several other subpenny stocks that are DTC eligible, it is just a matter of the company paying the fees and keeping everything up to date.
IMO, do not invest to it is cleared up, put the pressure on JAG and they will correct it quick.
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