Replies to post #5515 on NSS ~ Counterfeiting Stock ~ MM Games Played

[caltrader]

What is very suspect is the timing. Eigh was and never has been DTC eligible. So why the change by Zecco and Penson?

It wasn't until Eigh announced a share exchange that first Zecco and than later Penson came out with their inflated rates and than a "freeze".

The same thing appears to have happened on MMTE and I read that a poster mentioned a corporate action coming up for MMTE.

Interesting.

[jmbar2]

I don't really understand it well enough myself. I am hoping more knowledgeable people here will be able to explain to me.

Possible explanations
- They have been clearing a lot of pennies in a sloppy manner - off books, NSS, etc--and new regulations will make it risky for them to have these stocks on their books.
- They are simply responding to DTCC rulings and having to manually clear millions of certificates for pennies - very expensive. I don't buy this because in the case of MMTE, I have found no proof it is DTC ineligible.
- They are facing huge losses and trying to make up for it with exorbitant fees from trapped penny stock holders.

I look forward to postings from more knowledgeable folks.

Thanks and good luck.