News Focus
News Focus
icon url

serfdom

09/18/05 12:16 PM

#27307 RE: Diamond_cat #27297

Well, then we should be discussing this openly...

And emailing anyone who will listen.

SEC LEAKED NEWS OF IMPENDING 8/31 SPLIT TO CERTAIN BROKERS, INCLUDING SCOTTRADE, PRIOR TO 8/30.

--We have an official letter from Scottrade signed by their compliance manager to prove it.

--Scott and Ameritrade both shut down 8/29, as I recall...that's a two-day lead time, minimum.

--All of this activity immediately followed the official share count from TA the previous trading day 8/26 -- 5 milion shares total OS.

--So IMO, it was NOT the DTC memo that prompted the suspension. It was the fact that SEC and brokers discovered there was no legitimate cover possible.