Replies to post #29718 on eMax Holdings, Inc. (fka EMXC)

[Kop]

Ken, Seriously. Your an experienced trader and your asking this question.

1st The TA needs fired, period. As you already know. Hence your SEC complaint filed, as well as mine.
2nd It's bad for flippers, daytraders and shorters.
3rd It's good for stability and longs.
4th Dividends have zero to do with future trading. Apples and oranges.
5th Roxanna worried, are you losing it? They have been working on getting current, remember????????? I thought you were in communication with the CEO?


On a side note, Google is the most powerful tool in the world, I recommend using it.

[mquattrini]

When I had the chance to get the TA lady on the phone about 5 weeks ago, I had the impression she was the only one working there. Must be one of these dusty office with just one desk and one door!

She told me that she has so many shares to go through that she was expecting to get more staff to help her sorting these out and that all should be ready for mailing after 2 weeks.

Then Quinnradio posted a similar informative message 3 weeks later. Same thing. Need a couple of weeks before mailing.

We recently had a message from TA saying they are still "Processing and should be mailed soon".

So I have no clue what the hell is happening over there, but I suppose that poor lady is still trying to get things done on her own and the phone is probably covered by a huge pile of dividends to be mailed and she can't reach it on time. Maybe there is so much paper on top of it that she can't even hear the rings anymore! LOL

This would be a great movie to post on eMax Media! LMAO

[Anticipating]

Ken,this may help from one posters perspective with another stock in the same situation...This is what ameritrade told him.


TRAPPER JIM Share Wednesday, February 23, 2011 1:07:01 PM
Re: bigstocksnbonds post# 1483 Post # of 4479


LOL its all getting complex for cnex isnt it.But from what ameritrade told me.edwin can only transfer shares if he does it manually because they arent allowed to do them electronically.From what I gather not that Im a rocket scientist or anything close is that basically most of the T/As use DTCCs system to transfer shares around and when they get in trouble like the T/A for cnex has DTCC says you cant use our system until you fix things and thats why cnex will have to do it manually because they cant use the DTCC system to do it electronically.Kind of like my debit card for my checking account.I can use it as a credit card for free but if I use it as a debit card they charge me a fee of .25 and if I abuse it with overdraft charges they cancel my card usage.I can keep my checking account but lose my debit card so I have to go into the bank and manually get money out to pay for things.Thats how I understand this to work. So inorder for edwin to sell shares he has to do the share transfers manually or not dilute or sell shares at all.
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[Mikey]

ken.......look at my video's on the subject and try to start following these dtc probs.........they are significant...


IF you are using Penson and possibly Legent clearing......you WILL have additional fees to trade these stocks........there is NO QUESTION in my mind........hundreds of dollars......

IF you are using others like etrade, amtd, scott and schwab........you 'may' be ok.....

you still need to call and make sure........in some cases......with those guys, if you were in and tried to get out AFTER the drop dead date.......they wouldnt let you out.....

call your broker and send him the link from dtcc........the pdf file!

i have no beef with this stock, either.......its been a fantastic performer for months now

mikey

[Stock]

U.S. Securities and Exchange Commission

Litigation Release No. 22083 / September 2, 2011
Securities and Exchange Commission v. National Stock Transfer, Inc., Kay Berenson-Galster and Roger Greer, Case No. 2:11-CV-00798 (USDC Utah).

SEC FILES CIVIL INJUNCTIVE ACTION AND OBTAINS EMERGENCY RELIEF AGAINST NATIONAL STOCK TRANSFER, INC., KAY BERENSON-GALSTER AND ROGER GREER

On September 2, 2011, the Securities and Exchange Commission obtained a temporary restraining order and other relief in a civil injunctive action in the United States District Court for the District of Utah against National Stock Transfer, Inc. (National), National’s president Kay Berenson-Galster (Galster) and National’s owner, Roger Greer (Greer).

The complaint alleges that, for at least five years, National Stock Transfer, Inc., a transfer agent registered with the Securities and Exchange Commission, has been violating federal securities laws and important obligations it has as a transfer agent. The Complaint alleges, among other things, that National has failed to report lost or stolen securities in a timely manner, failed to maintain certain records, failed to maintain control books for all of its issuers and failed to file its annual report with the Securities and Exchange Commission. During the time period covered by the complaint, National acted as the transfer agent for 58 issues of common and preferred stock.

National has recently been physically locked out of its office by its creditor, Woodward Capital Partners, LLC, as part of a private state court case. The Commission has moved the court for a temporary restraining order and preliminary injunction against National and its principals, enjoining them from continued violations. The Court order granted the temporary restraining order against future violations of the federal securities laws regulating transfer agents, accelerated discovery and enjoined further litigation in the private state court action.

The Commission’s complaint charges National with violations of Sections 17(a)(3) and 17A(d) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rules 17Ad-2, 17f-1, 17f-2(a), 17Ac2-1(c), 17Ac-2-2, 17Ad-6, 17Ad-7, 17Ad-10, 17Ad-13, 17Ad-15(c), 17Ad-17 and 17Ad-19 thereunder, and Galster and Greer with aiding and abetting violations of Sections 17(a)(3) and 17A(d) of the Exchange Act and Rules 17Ad-2, 17f-1, 17f-2(a), 17Ac2-1(c), 17Ac-2-2, 17Ad-6, 17Ad-7, 17Ad-10, 17Ad-13, 17Ad-15(c), 17Ad-17 and 17Ad-19 thereunder. The complaint also seeks civil penalties against National, Galster and Greer.

http://sec.gov/litigation/litreleases/2011/lr22083.htm

[The_Free_Nebula]

It ain't good..