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Replies to post #75436 on CBA Florida Inc. (fka CBAI)
tradinguru
01/18/12 10:35 AM
#75437 RE: sfraven1466 #75436
I highly doubt the float is locked up, especially when one of the largest trading platforms has this stock restricted as of TODAY. I placed a limit order yesterday which never filled, and tried to place another today and got a message that the stock is now restricted. Called Zecco and they said these shares are now non-DTC transferrable and will cost approx. $200-$700 to close out any accounts.I recall last year this happened, and shortly after we learned of the DTC chill; if another was imposed, I will be so hot. Anyways, I can purchase the same amout of shares I currently owned before the RS for 90% less, lol, so I was looking to drastically reduce my cost basis and exit on the next major breakout. I will keep my comments to myself about this CEO, but needless to say, I no longer have faith in his word and I feel that he is not nearly as transparent as he claims. Unfortunately, it took me too long to realize this. Good luck to all.