Replies to post #106 on Modern Energy Corp (fka MDRG)

[Mr. Bill]

MDNO is much less of a problem than GVRP was. Think of the highest mountain you have ever seen and the smallest ant hill. GVRP is the mountain and MDNO is the ant hill. The reason you should study and understand GVRP is so that you are prepared for less than a fair settlement here. No one says just because you are right you will receive ONE penny for your stock. Tomorrow the SEC could suspend this and invoke the Net Capital rule "for mistakes that have been made to date" and note that any future trades would not be covered by the Net Capital rule. If they were to do that kiss your money good bye.

Being RIGHT only matters in a Market place that has INTEGRITY - The US is the MOST CORRUPT marketplace in the world.

This should allow for a fair settlement with MDNO.

Then again, it would likely cost ST millions of dollars to cover 1M shares of a stock with an OS of 1.2M

ST was the most BLATANT broker in regards to GVRP.

They sent unrequested paper certificates out to wash their hands of the risk. Of course they would never except those back! No other brokers did this.

They also sent a letter trying to coerce those with retirement accounts. Others who had GVRP with a different broker never received these letters.

Just be prepared for ST to do whatever they can to try to avoid paying a nickel out. One has already seen this with the lawsuit IMO.

The one good thing you have going for you is other brokers on the other side.

[Mr. Bill]

You need to start a thread called "I SOLD shares of MDNO thru ST".

People who made 130 times their money were nervous and most would have gladly returned the money for their shares back at one point.

In fact, one guy became quite angry with AT when they would not allow him to buy his shares back at twice the price (.0002 vs. .0001) and feared that for an original investment of less than $1,000 he was going to lose hundreds of thousands of dollars and go bankrupt.

Here, there is only ONE person who sold the shares and that person will quite possibly go bankrupt IMO. This problem would not have the potential to cause ST to go bankrupt IMO.

Such was not the case with GVRP.

[dealerschool2006]

So was that 1160 @ .37 trade an isolated incident and which MM did that go through? Is MDNO trading again, I haven't seen a pr.

[puffyk]

Do you have the CUSIP # 607587201? Is that the Cusip # for GPGD?

If so, we won't be able to sell 90% of those until 11/28/2008, correct? Since it occured 11/27/2007.

Thanks for the info. ETRADE doesn't seem to know anything even though they seem to be the defendant in this case.

Very strange