Replies to post #31151 on GuanHua Corporation (GHGH)

[roger wilco]

Here is a good article about PENSON clients. This may help clear the air about who is in danger of not being able to trade there AGHD shares.

Clearing Firm Rattles Investors
SATURDAY, MAY 21, 2011

http://online.barrons.com/article/SB50001424052970203869804576327382200170672.html

By THERESA W. CAREY

Penson, which clears trades for many online brokers, reveals it holds illiquid bonds tied to a former director. Investors needn't panic, but they should closely monitor the company's response.

The news prompted us to look again at our annual review of online brokers ("Making the Right Connection," March 14). Quite a few of them clear their trades through Penson (ticker: PNSN). The firm specializes in clearing derivatives transactions, so it was no surprise to see options heavy-hitters like eOption, OptionsHouse, thinkorswim, TradeKing and tradeMonster on its customer list. (Thinkorswim has not yet been completely folded into the TD Ameritrade clearing operation; its separate customer base still clears its transactions at Penson.) Also on the client list: A.B. Watley, ChoiceTrade, Cobra Trading, Lightspeed Trading, MB Trading, SogoTrade, SpeedTrader, TradingBlock and Zecco.

I suggest all individuals who trade AGHD to check with there brokers for guidance and not rely solely on the information posted on a public message board.

[pantherj]

I believe you'll find TDA, while not clearing through Penson, will self regulate and determine that you can sell, but you cannot buy. At least that is what they have done on two other issues i know of.

[midnightexpress]

physical delivery means that instead of instant shares the bd's, all of them, must actually accept physical shares, now that takes time , it is more likely that eventually only sells will be accepted by the bds,or probably that is the case now, however with no bid it makes selling impossible...not a slam, just the facts, i have seen it before