Replies to post #34158 on SurgLine International Inc (SGLN)

[CreepinA]

so CNUV is trying to erase day flippers of this stock eh..hopefully they are successful, i dont see how i could not sell my shares in my TD account, while at the same time buying shares from quest trade account or is that going to be the next loophole for everyone to use? maybe something good is coming very soon... or maybe all they are saying is dont ghost trade with the banks funds without having your own money in there... they are wanting people who are making money with their money to only make money with the individuals money...

[mcgigi]

Questions and answers from that link. Good explanations!

You had mentioned that the change to trade for trade status is not done to protect the share structure. Wouldn't this form of trade system protect the company from massive shorting or a takeover of sorts?



Yes, it is surely not to protect the share structure. But shifting any security to trade-for-trade certainly protects the interests of the existing investors and it also keeps speculative forces/players at bay from manipulating large intra day movements of the price.


The decision to put a security for trade-for-trade is usually taken by Stock exchanges and this decision is influenced by many factors. For if they find that the total floating stock (i.e. number of shares held and traded by public) is very less and if they see suspicious trading pattern and if they see that these are structured ring trades being placed to create artificial volume and price movement by speculative interests, they will decide to put the security in trade-for-trade.


I hope this helps...

Regards,

Expert Type Financial and Legal Consultant
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Answered: 3/6/2011

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Great explanations! We should Really see some legitimate movement in the future IMO! Go CNUV!!!