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nvidiaforgames

04/09/12 1:10 AM

#289 RE: lowman #288

Seems like you got Stuck and Screwed by RFMK. Too bad you didn't trade it well enough. I think somebody needs to hit the trading books :(

BigBake1

04/09/12 10:45 AM

#292 RE: lowman #288

I agree ignorance of what the DTC Chill really impacts seems to be the cause of most of the bad information out there. People just do not understand the focal point is not trading but in fact the very thing needed here to provide liquidity. Newly issued shares are the target, not existing shares, and the DTC Chill has nothing to do with restricting the trading of existing shares. Existing shares however are impacted by two clearing firms, Penson and TDA, those are separate actions and self imposed policies for trading restrictions.

The impact is over time here in the OTC as liquidity slowly dries up, without ease of issuing new shares and at greater costs and time, the company burns through more shares in a shorter period of time. Eventually the PPS declines to a point that the bagholders cannot sell and the company has no valid reason or lacks shares to issue. Without new shares coming into the market the security attracts no new interest and the bagholders have no reason to sell for a loss, and it is a stalemate for the most part. Sure occasionally trades go off as one of those bagholders has had enough and some poorly informed trader picks them up thinking they will flip for a quick double on a “bottom bounce”.

Could you clarify what you meant with Trade for Trade designation, I was not sure if that is your statement or those at the RFMK board.