The transaction of 750 shares in question was not at Ask it was ABOVE ask. This took place on Friday near day end as TelVue Level 2 was showing the Ask going up. I thought we were headed into a run. I wanted shares. The market closed at 4pm. 750 shares were ordered and not delivered. The broker was called. A report was filed. When I mentioned this occurrence I never expected all this controversy. There may very well be a logical explanation for what happened but I don't have it. Never happened before. I have bought small lots of TelVue many, many, many times this year. Every trade was executed in SECONDS. I am going to apologize to you all in advance for opening this can of worms. I saw what I saw and that's my reality. If you challenge it that's fine. Believe me, don't believe me, I don't care. There is nothing I can do on a Sunday to shed any further light on this. On Monday when my brokerage is open again I will try to obtain a statement from them and I will let you all know. I cannot guarantee they will respond to a complaint I filed at the end of the week by the end of the business day on Monday. You will hear when I hear. If there is a good and logical reason for what happened here I will be the first to let everyone know what it is. Don't think I haven't been trying to figure it out myself, it is quite vexing. I ask myself maybe it's because it was above the Ask but that doesn't make sense. Maybe because I clicked All or Nothing but the order was so small!! It wasn't like I ordered 10,000 shares. Is it that hard to get me 750 shares? That was my question.
I have read over the SEC website last night and there is this statement:
No regulations require a trade to be executed within a certain time There are no Securities and Exchange Commission regulations that require a trade to be executed within a set period of time. But if firms advertise their speed of execution, they must not exaggerate or fail to tell investors about the possibility of significant delays.
The poster that has challenged me has said a transaction has to be executed within 2 minutes. That's what I thought too. I have heard that many times. But now I can't find that anywhere and that info is contradicted by the SEC statement above. When the end of the trading day was approaching and I wanted those 750 shares, that 2 minute time limit datum was on my mind. When I made my infamous post Friday night I was thinking with that datum. Now I have read the above statement and I am going to myself maybe I am wrong, maybe the order was overlooked, maybe someone was ahead of me, maybe, maybe, maybe. I don't care about the reason the transaction didn't go through. I know it happened. I have the screenshots. I will not post anything more on this matter until I have called my broker Monday. I will not disclose the name of the broker on this board even when I have their response.
I will not disclose ANYTHING that I don't feel like disclosing. Last time I checked it was a free country. Don't like it? Put me on ignore and skip over my messages. I don't know you. You don't know me. You don't want to know me. I am a grumpy guy. It's the internet people and everyone is here for a reason.
TelVue is a good company and a good investment. Don't decide whether you want to be invested in TelVue or not because of me. PLEASE. Phrantic is correct that message board messages are not a basis for buying and selling stock. This applies to his messages. My messages. Any message. He's right - SEC filings are best. There is an SEC filing (8K) where Gerry Lenfest has extended the terms of his loan to the company to 1 Jan 2016.
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