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Replies to post #61 on Modern Energy Corp (fka MDRG)

Replies to #61 on Modern Energy Corp (fka MDRG)
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thistraderknowsall

12/02/07 11:53 PM

#62 RE: Southern Gal #61

They cry because they messed up? hehe

When you sell and buy at the wrong moment, do you get a chance to call the broker and say.. oh i messed up can you give me back my money? hehe nope. That's your own trader's fault. They are crying even more now that we are over $1.10 hehe...

This goes way over $2 monday.

If it has been naked shorted.. way too bad, if you have to buy back the shares at a higher price period, well too bad!

hence short squeeze is inevitable.. way too bad!

that's why I trade with Ameritrade, they won't let you make that mistake no matter how hard you try.. they potect you :)
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youhavenoidea

12/03/07 8:09 AM

#63 RE: Southern Gal #61

As a shareholder in MDNO, I view this news as an opportunity to buy additional shares at tomorrow morning's opening bell; or soon after. From my perspective, Scottrade's open admission of being short 1,000,000 shares is welcome news. I believe that they will be forced to cover and in so doing, the PPS will rise dramatically.



That's if it's not halted this morning..So far (and i know it's still early) I do not see any bids or offers on L2.

HMMMMMMMMMMMMMMMMMM
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youhavenoidea

12/03/07 8:39 AM

#64 RE: Southern Gal #61

Doesn't look good for MDNO so far..There's still an hour to go before the open but there's no market for MDNO..It could be halted, but I've been wrong before
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youhavenoidea

12/03/07 8:54 AM

#65 RE: Southern Gal #61

still no bids or offers and all my other stocks are lit up
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dealerschool2006

12/11/07 6:56 PM

#82 RE: Southern Gal #61

I read the comlplaint from the 40s on down...I had not read it all when I posted a response a few hours ago. My opinion has changed in that MDNO did not send a notice to shareholders to vote on a RS, which is really what happened here(65), AND Scottrade rightfully declares the short transaction void because the RS was not properly authorized and should noy have been issued(66).

MDNO screwed up and as Scottrade implies, MDNO has hardly the $$$ available for a Civil suit.

It sucks, sorry people. I actually got a tip on this one when it was ".50" and I might have bought or not...I hate to see people lose money in situations like this.