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overachiever

04/30/11 6:49 PM

#101399 RE: LostTexan #101394

There aren't any net FTDs. There were fails to deliver and fails to receive. The net effect will be nil. All of you who were able to trade this scam for 9.95 a trade could have never done so if it had not been for the fact that the BDs were holding each other's chits as opposed to paying cert fees on this non-DTC eligible POS every time someone made a trade.

The BDs try to do people a favor and then it comes back and bites them in the butt because their clients are a group of market ignorant nimrods who scream and yell every time they believe the lies of the next scammer (like Bryant) that comes down the pike.

Just 15 years or so ago, no one allowed anyone to trade a penny stock for less than 10% of the ticket size and it was because they had to manually clear certs on each trade. This stock, by being non-dtc eligible is cleared in the same fashion. No discount broker would ever allow trading in a scam like this if they had to switch certs on every trade. EIGH is now forcing the issue so guess what? They will all shut it down.