Replies to post #12572 on TAP Real Estate Technologies Inc (RWAX)

[Bruce the Stock Guy]

TSNP..Which ones? I buy through Scottrade without problems..

[virtual_cynic]

I use Etrade and have no problems whatsoever.

[getsome140]

This might help explain why TSNP is on that list.

http://www.tradingdirect.com/Static/StandAlone/non_dtcc_memo.html

Penson Discontinues Execution for Certain Non-DTCC Eligible Securities

Effective May 2, 2011, Penson Financial Services, Inc. ("Penson") (the clearing agent for Trading Direct) will discontinue execution through the managed (mngd) route for certain Non-DTCC eligible securities due to increasing pass-through costs. (The effected stocks are primarily all pink sheet stocks).

For various reasons, certain securities cannot be made DTCC-eligible or have had their eligibility revoked, usually due to operating or financial issues with the underlying company. As a result, the clearing of these physical positions can carry significant pass-through charges to settle the trade. Trades routinely carry with them the following pass-through charges: Execution Fee-$7.50, DTC Fee-$80.00, Deposit Fee-$75.00, and a New York Window Fee of $34.00. Additional pass-through fees from Transfer Agents ranging from $25.00 to $500.00 can also be associated with these securities that would increase the cost Penson passes through for clearing and execution. Please note that trades executed outside of Penson's MNGD'd route will also be subject to these fees for the clearance of these trades.

We intend to discontinue execution for the securities on the attached list (on a best-efforts basis). As Penson identifies additional securities that are Non-DTCC-eligible, they will bed added to the list and they will not be able to be traded through the MNGD route.

As more detailed information is made available from Penson regarding fee information for the effected securities, this memo and subsuquent stock list will be updated accordingly.

View the Non-DTCC eligible stock list. {pdf,154kb}

If you require additional information, please contact [e-mail].

Thank you,
Trading Direct.

Here's a little more reading on the DTCC.

http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation

It appears they are trying to keep out of the spotlight by having that so called list. While at the same time it appears to be a scam in itself at the same time after reading through some of the posts on the following board.

http://investorshub.advfn.com/boards/board.aspx?board_id=14482

[getsome140]

Depending on the stock of course I would just do further DD on any stock that is on that list before dismissing it primarily due to it solely being on it. As Bruce said in his post and as I agree TSNP is producing revenues that are substantially increasing on a quarter to quarter basis for a business that is still relatively new. Not to mention last year they decided to go against doing a reverse merger with InPlays,Inc. seeing as it may have just put them further back instead of continuing to move forward as they currently are with their original business plan. Here are a couple links with better details on that part.

http://www.otcmarkets.com/stock/TSNP/news/Tesoro-Enterprises%2C-Inc.-Signs-Letter-of-Intent-for-a-Reverse-Merger-with-InPlays-Sports-Corp.?id=35524&b=y

http://www.otcmarkets.com/stock/TSNP/news/Tesoro-Enterprises%2C-Inc.-terminates-reverse-merger-discussions?id=37296&b=y

In the last PR above you will also see that they mention that they are taking steps such as not releasing useless PR's in order to save on capital. Meaning they do not want to waste money, even small amounts, on anything that is not necessary. Something I really like to see in what I would consider a long term stock and not just a quick play. Don't get me wrong I do like the quick plays also, lol, but I also like long term stocks such as this one that look very promising to those who are willing to wait a while for them to achieve their goals.
GLTY!

[swimnbike]

I've had no trouble buying through Schwab.

swim