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Risicare

10/31/11 11:02 AM

#17565 RE: Yosako #17562

Doing otherwise is contradicting the SEC.

Complete nonsense. Your broker has NO obligation whatsoever to let you trade the stocks it does not want to and can pretty much charge you whatever for whatever. It is a private business plain and simple you have pretty much no right and no say.
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BigBake1

10/31/11 11:17 AM

#17567 RE: Yosako #17562

WRONG! It is a valid exemption when used properly to raise capital. But it is being abused as a "BLANK CHECK" to issue as many shares as possible with no intent on raising capital for company growth but running promotions and enriching others. It is simply a tool of fraud and thus if you read the whole write up and its issues you would understand why it has become a sore spot for all involved in trading.

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1manband

10/31/11 1:00 PM

#17569 RE: Yosako #17562

The rule is valid, but quite often, the exemption is NOT. Quite a few of these companies are utilizing an exemption to which they are not entitled. Thus, a massive amount of new common shares are freed from restriction, become free-trading and are sold into the market (usually in conjunction with paid promotions) without legal basis.