Wednesday, October 26, 2011 5:23:16 PM
There is currently a Global Lock on OPMG and it can not be purchased at this time. When an issue is designated as global lock at DTCC it is not eligible for deliver, transfer, or withdrawal which prohibits a clearing firms¿ ability to settle any movement of positions including trades. There is a variety of reasons for global lock designation, which may involve upcoming corporate actions, allegations of fraud at an issuer or agent or some other type of irregularity that makes the validity of the issuer¿s outstanding shares suspect.
If you go to http://www.dtcc.com/ and enter OPMG in the search box it will load a .pdf file with a list that contains most restricted stocks.
Thats what i got from ameritrade...and emailed them back asking why they are not allowing it and they dont have an answer.
They are bunch of clowns there like a lot that have been posting here lately.
Welcome to the circus of pinky land
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