Unfortunately most (all?) brokers will only accept buy orders via phone. No online trading.
At least TDAmeritrade is charging commissions at the online rate (other brokers too?), but it's probably a good idea to remind the broker of that fact.
Reason is that when the pps fell off the cliff from $1.40 in late Feb, apparently signals went off in compliance departments pointing to manipulation in the trading.
At this point, most of us were reaching for the defib.
It also aggravated the company to no end:
GLCC: "Contrary to the rumours that are wildly being spread, the company is not diluting, nor the principals of GLCC, or its advisors. The company is not engaged in the sale of shares and the decline of our share price. Our best guess is that these sales are coming from the current and existing shareholders of the company when the company was named The League Publishing."
When I was talking to a TDA broker today, I asked him when the restriction on online trading might be lifted:
Broker: "No way to tell. GLCC is being monitored by the Regulatory Compliance Dept."
Me: "How can shareholders encourage the restriction to be lifted. After all, it's in your interest."
Broker: "You can fax the Compliance Dept. with a request. Fax 402-970-3440. Sorry, no email."
So hope everyone - after (friendly reminder) requesting a Loan Exempt Restriction (see post 6615) - at least asks your broker when the online restriction will be lifted.
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