Replies to post #24272 on Andiamo Corp. (ANDI)

[havocjohn]

Not exactly accurate. I will sell if I have the option to more than double my money, to reinvest when the pps drops back down to the 8's and 9's.

As much as I would love to see this explode to the 3's, 4's and higher, I don't have the blind faith that this will happen as of yet.

Granted it's early in the day but it looks like the downtrend has already started.

[vortmaximum]

All makes perfect sense and hopefully all will follow through. Could easily pop to pennies if no one dumps out once ANDI shows up in their accounts.

[BeachBum]

Just got off the phone with Etrade. SInce they did not receive the shares yesterday, they changed the existing share symbol (ANDI) to 888352****. You can call in a sell through "corporate actions" but you need to make sure you have enough cash to margin against. If your sell executes and you have no cash to counter the margin call, Etrade can market sell any position you have to cover. If you do not have cash and your sell executes on margin, your account will go into negative balance until they get the real shares or you cover with a cash wire.

"Corporate Actions" department believes the shares will be received today. Etrade updates accounts overnight so you have to call throughout the day to find out if the shares have been received or to execute a sell on old shares. You will not see the change on your portfolio screen.

You can buy and sell new shares all you want because open market shares are passing hands normally. Just preexisting position requires a call in trade.