Replies to post #4406 on SMC Entertainment Inc (SMCE)

[BigBake1]

Well that would be false as well, you can sell stock without a certificate on deposit as long as the TA has provided a letter stating a date in which delivery of certificate has been endorsed. SEC RULE 203 requires delivery of a certificate 35 days after the first sale is required for settlement.

Also the TA only deals with certificates they have issued or transfered, that doesn't include conversions authorized by the company and with an attorney opinion letter.

The information from a TA is often stale within a day, as they do not provide real time data.

VNDM is a known dilution broker dealer as the brokers that primarily use them are Scottsdale Capital and Alpine, they are just of a few brokers that accept these crap securities for deposit anymore. Thus making it easy to spot on L2 when VNDM, VFIN or BKRT are dumping shares by the boat load.

[VeronicaFox]

So what, Giaiv? The claims have been that there's no increase to the SMCE float and/or OS since 3/31. That's FALSE, there has indeed been an increase to both the float and the OS. Secondly it was repeatedly claimed there was a 600k float, that was proven FALSE with one phone call to the TA. Next is was claimed that offshore brokers don't have to report shorting - that was FALSE yet again. And now it's being said because the TA says the float hasn't increased lately that there is no dilution. FALSE.

Lastly, Giaiv, VNDM is a KNOWN diluter. The simple fact is there are only a few brokers in the US that will accept OTC certificates for deposit - of those there are some broker dealers that will make a market for those brokers. Guess what, Giaiv? VNDM is one of those.

Interesting how the claims changed from no dilution, to no dilution to the OS, to only a 600k float, to no dilution since March, etc., ad infinitum. The claims are ever-changing.

Such claims that are proven FALSE are of no help to anyone.

FYI, according to FINRA the SMCE short interest is 1000 shares.

[DJ Ponder]

Nonsense this steaming pile OF CRAP is being manipulated UP Like 99% of all OTC STOCKS.

-600k FLOAT- HERE:

[DJ Ponder]

What a bunch of nonsense. I do not agree with a single word of it.
Fact is the company has CLEARLY STATED WHAT IT HAS DONE AND ITS INTENTIONS.
SMSE financials state Convertible Notes Use, and ADDITIONAL DILUTION to SHAREHOLDERS.
Plan of Operation.
i. As of the end of the reporting period, the issuer has cash requirements satisfied through the end of Quarter 2 of 2015, which it raised in through a convertible note financing in Quarter 1 of 2015. In Quarter 2 of 2015, the issuer shall seek to clear certain investor and vendor debt of its balance sheet the by converting such debt to common stock, and shall seek to meet cash requirements through Quarter 3 of 2015 through direct investment, which may also be dilutive to shareholders. Management expects the issuer to be cash flow positive such that it meets its cash requirements some time in Quarter 4 of 2015

Ref my post of april 29 2015 so much for the conveniently left out garbage.