Replies to post #17456 on DD Support Board and Research Team

[zomniac]

Sounds like you put 30 times the DD energy on GPGD than anyone buying it did.

I've only spent 30 minutes researching GPGD so far.

[Yosako]

It is very unfortunate that the DTCC took action against the GPGD stock right after you bought in, but out of curiosity what attracted you into buying the GPGD stock in the first place?

First of all, the DTCC should not be able to revoke a stock's DTC eligiblity, a SEC trading halt/suspension until the dirt has been cleared would stop trading without ever ripping off investors with outrageous fees.

And about what brought me to purchasing $GPGD, it's the chart:
In 2010, the PRs about the merger of $GPGD with Jasmine EKA Karya Inc and the Timor Leste project both caused huge spikes (up to $0.015 from $0.0010) on relatively small volume, biggest one was 5M. Given how thinly it trades, the potential price appreciation on a spike is staggering.

Float is mostly locked down, there are so far 303M shares counted and most of those don't trade as they're insider held. Volume always has been insignificant until an event takes place. If the stock were a rip-off to take everyone's money away, they would have hired promoters to keep the volume and buying coming all the time. In my opinion, it's more of a crap company which is run almost privately, not necessarily a scam.

In August, Jasmine EKA Karya Inc. changed incorporation and name to Jasmine EKA Karya Ltd, as seen in Texas SOS.

Then I found its IR contact in Twitter @EXCITINGSTOCKS - he told me Jasmine is reorganizing and is reviewing its prospect candidates.

humbleboss also spoke with IR, stated there are expected acquisitions, rumors point to a mining company from Peru.

[Yosako]

The long time GPGD transfer agent, First Public Securities Transfer Corp, was named in SEC litigation for being an unregistered transfer agent engaged in the issuing of unregistered securities to many companies including Modern Energy Corp and ZNext Mining Corp., Inc

If you search in the DTCC website Modern Energy Corp's cusip 607587409, there are notices about a DTC Suspension.

However, on either "Grand Pacaraima Gold Corporation", "GPGD" or "38610P106" results come up empty. Information is either non-public or non-existant there.
Other than the Zecco's NON-DTC list from Penson which is updated "in a best effort basis" (whenever they feel like so), or unless you ask your broker prior to placing a trade, there is no way to know what's up.

So the DTC could be charging cert fees on stocks based on non-public information. Great.