(Drum roll please)
Something happens – share price goes up to $.01 on light volume. The potential run will be short lived because new investors will be locked out by the chill.
Anvil (post – 99385) “OP, it appears many inexperience traders here. Let's say something happens and the sp goes up to $.01, it will be on light volume, so those that want to monetize their holdings can't because the chill will lock out new investors.
The rush to exit will kill any potential run.”
My comment – Congratulations Anvil.
Something happens – So Anvil in light of the DTCC important notice how high do you think the share price will go? The potential run will be a trading week long so you might be right about short lived. Of course if someone is an evil naked short seller from Mars (ENSSFM) the short lived run will seem like an eternity with every uptick. The thaw will be in place so new investors will NOT be locked out by the chill. The volume will be interesting to watch to say the least. Glad I and other LONGs have ringside seats. Any one on the wrong side of a failed trades will not need seats as they will be at the center of the coming 3 ring (can you say short squeeze) circus.
TIIIIIME is on our side, yes it is.
Interesting that the Important Notice does not say a word about “dilution.” Just discusses “trade fails.”
….. Despite these improvements, Participants and DTC have a legacy issue of accumulated trade fails that occurred prior to these enhancements.
Kinda shots a hole in the argument that ALL transactions in my account are settled. Wonder if I will get a phone call from Fidelity next week asking if I was interested in a private transaction for the RCCH shares in my cash account. I do have a working number. Wonder if Gene will get the same call. Sorry I forgot he doesn’t have a working number. Guess all the LONGS will have to take the calls instead.
I will have to ponder on what the DTC meant by “legacy issue of accumulated trade fails.” These and Those, Those and These, I ponder away, ponder away.
