Replies to Post #72998 onDD Support Board and Research Team

Replies to #72998 on DD Support Board and Research Team

07/22/14 8:25 PM

#73000 RE: Alan Brochstein #72998

Janice, I didn't really spend a lot of time on any of the stocks that were suspended except for PHOT, CANN, AEGY/SKTO and FSPM.

Ok, 5 out of 10 of them or 50%. I guess that isn't spending a lot of time on ANY of them.

I never claimed to have looked into them deeply, and my cursory look at any of the others suggested not to waste my time.

Wait, what? You never look at them deeply? So, are you saying the whole time you were praising PHOT and CANN as the cream of the crop and suggesting them to investors and lobbying for shareholders of PHOT here on Ihub to triple the A/S, you never really looked into them deeply?

lucky, mydog

07/22/14 8:30 PM

#73001 RE: Alan Brochstein #72998

I didn't really spend a lot of time on any of the stocks that were suspended

lol. yet we have recommendations.

janice shell

07/22/14 8:45 PM

#73003 RE: Alan Brochstein #72998

But don't you specialize in pot stocks? I realize there're a lot, but most of those suspended were among the most prominent.

I don't know the specific reason--or reasons--for the PHOT suspension, but my guess is that PHOT knows by now. It could have been the insider trading, but I'm inclined to doubt that, because it occurred just days before the suspension. The SEC rarely moves that fast unless what's going in is really outrageous, as with CYNK.

So, you think 30-day exclusivity is enough to compensate for the risks associated with filling out a Form 211?

It may be, in some cases. As you know, they can't accept compensation, and filing the Form 211 involved a fair amount of work. Some people--including MMs and Cromwell Coulson--would like for FINRA to change the rules so they could charge. I'm not sure how I feel about that.

FINRA has recently requested comment on its idea to start up a repository of Forms 211 filed. Among the questions they ask is whether companies should in some circumstances be required to update their documentation. Should that idea be adopted, I think perhaps the question of compensation for MMs should be revisited.

loanranger

07/22/14 9:05 PM

#73006 RE: Alan Brochstein #72998

"I have never seen a good explanation for the PHOT suspension. Do you have one? "

From the suspension notice:
"The Commission temporarily suspended trading in the securities of PHOT because of
questions that have been raised about the accuracy and adequacy of information in the
marketplace and potentially manipulative transactions in PHOT's common stock.

The Commission acknowledges FINRA's assistance in this matter."

A while back, during a discussion of whether the "perps" transactions in any suspended stock could be identified, I believe it was stated that FINRA could readily make such determinations through the use of the "blue sheets".
I don't read a lot of suspension notices, but I haven't seen an acknowledgement of FINRA's assistance the likes of which appeared in PHOT's before. Perhaps it is an indication that FINRA noticed some inappropriate activity that will only be revealed in the fullness of time.