Replies to post #12309 on ProElite, Inc. (fka PELE)

[Lighthouse]

Sim can you post a link to whatever article you are referring to please. I haven't seen it yet. Thx

[DalaiTom]

I don't think that is right. It looks to me like starting on the 15th thru the 19th, the DTC is allowing brokers/market makers to clean up their books on the listed securities. They can take advantage of that period to settle any failed trades. It doesn't appear to me that it will effect the public trading the stock.

[MrPoppaGeorgeo]

You are correct, that is how I read it friend.. :)

[Hole shot King]

this is just for sims broker can log all his shares ...lol


I would the the week of the 22 we will trade

[Chasing Pennies]

I don't know, after reading it a few times... I'm think the magic date would be the 22nd. Came across to me as the 15th was more for them to clean up and get everything back in order before being ready to go with the green light on the 22nd.

Of course, I hope I'm wrong as I would love the lock/freeze to be lifted sooner. :-)

I still have questions regarding the people that were able to purchase shares during the freeze/lock. Are those shares legit trades or will they be rejected for being considered failed trades?

What exactly is a failed trade? A bit confused... as this is my first dance with this type of situation.
-CP