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OTC_Newbie

12/25/10 10:13 PM

#14074 RE: tom favata #14071

How long before the squeeze starts? And does anyone have a reasonable estimate of how high this thing could go? Or will this happen at all?

I'm new to this stock, and pretty new to trading in general. Thanks to a friend I was lucky enough to get in at about half of what the stock is worth now. I had the mouse pointed at sell (with a shaking hand) when it got over $1 that same day, but I like the company and my plan turned to holding for better future returns.

My other question is this: If this thing takes off with a big squeeze maybe we should sell high and then get back in when it drops. I would feel somewhat guilty for doing this, but we could teach a lesson to those who manipulate and that would make me feel a little better about it. Like I said, I want to be in the company, but don't want to miss something big either when I could make some money and then get back in later.

Thoughts on my questions?

Thanks all.
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nsomniyak

12/25/10 11:39 PM

#14079 RE: tom favata #14071

Tom - that is really amazing stuff. I am sure the press would love to run with this story.

Could be a nice "Mr. Scrooge" angle to the story for the Post too.

It also would be interesting to see how this news would be taken by all of the people who have large accounts at Scottrade but don't hold GBOED. I would wager that almost all of the holders aof large accounts that do not have GBOED have never even heard of GBOED, and while they might not care about GBOED at all or be interested in it at all, they would be VERY INTERESTED and CONCERNED to hear that ST is closing accounts like this.

If I had a large account at Scottrade and heard this was going on I would pull my account immediately. If you could get your message to this audience, collectively this group could hit ST where it hurts. The Post might be a good start in doing so. Got any other angles in mind for getting the story out?
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LostBall

12/26/10 1:24 PM

#14097 RE: tom favata #14071

Tom, this sounds like a raw deal for sure. So, just by them citing that rule in their brokerage agreement, they can bascially comandeer your shares. If you have not traded any of your pre-split shares, I do not see how you could have even potentially violated a rule. I am with Fidelity, so I am not familiar with their rule # 5, but it does not sound like they are fairly applying it.

You also mentioned they would give you fair value. How are they going to determine that? Typically I would say the market dictates the value, but in this case, I am having trouble understanding how they would accomplish this. To liquidate, wouldn't they have to be sold on the open market? So for ST to get the shares back, wouldn't they have to buy them on the open market, or are they going to pay you a $ amount for your shares without going to market. Don't see how that would be legal.

I really apprectiate you and the other ST and Zecco account holders sharing info with the board. It really gives insight to what a mess this is for them. I hope you and their other clients do not get robbed blind as this gets settled and do not have to resort to legal action to seek fair treatment. Looking forward to the next update.

Thanks, LB
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Tavycal

12/27/10 7:33 AM

#14142 RE: tom favata #14071

Kaja is good. GBOED wont like how this turns out.