Laughing out loud so hard can hardly write. Yes, oh yes you can sell as many shares as you like. But no one can purchase them. Ha ha Ha. Catch 22 for sure.
Sounds like the game Scottrade played and that there may be a short on SMPP. I recently went to Fidelity to do my trading on SMPP and others without intervention or costly increases ...
They do not allow sells I tried to put them in via the internet and via phone (my sell order was a limit for a high amount as a test on this theory) They say they can but then immediately cancel them saying it is not permitted I also even spoke to the office of the president and was told due to the DTCC not clearing trades they refuse to take the chance that it will not trade again and lose the money for them.......As they would be the ones taking the loss if they approved the trade not the investor.
Please make sure all posts are backed with facts and I can post the contact info for the office of the president at TDAmeritrade if anyone would like to check my facts.
Posting anything other than facts can be considered market manipulation and will also create false hope for investors and an unclear situation.
At this point I still have faith in this company and believe once the dust settles we may have a chance to move forward. How high is anyone’s guess but I am sure we can all agree at this point any movement up has to be positive.
Firegiant SMPP Investor Long and Strong (by Choice)
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