Replies to post #52379 on The Golden Lounge

[SPICEMIKE]

HOW MUCH HIGHER OF A PRICE WOULD YOU HAVE TO BUY BACK?
CAN YOU LOSE YOUR ORIGINAL INVESTED AND MORE?

[janice shell]

Ameritrade said basically that the company has complete control over what happens and that they can tell the brokerages to only reverse the split or to reverse the split and also correct the sales of the post-split shares that happened afterwards

I don't think that'll happen, because it would cause too damn much confusion. Neither do I think a company can reverse a split anytime it wants. Could it do that, say, a year later? I would imagine it can ONLY do it before the due bills are payable.

[MONEYMADE]

,,,,,,,On top of that MATT Ameritrade is no longer accepting Buys in GVRP only Sells.


--MoneyMade

[CPTMatt]

I am seeking legal advice in regards to a potential law suit if they end up telling me I have a huge short position.

I was told that I would NOT end up in a short position if I sold yesterday (I was told this on Sunday evening) and now they tell me that it is possible. That is negligent and in my mind that creates a legal responsibility for the brokerage to follow through since the broker is a representative of the brokerage entity.