quote:Originally posted by dishgal1: She also needs to know that our accounts are frozen......INDEFINITELY!
Please tell Ms. Remond that, dishgal. I wrote her about my Scottrade situation, which is different from many of your situations with other brokerages.
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quote:Originally posted by DirtyDealer1123: Here is Etarde's little news on GVRP (notice how it doesnt say they do not have the shares, as the brokers will tell you)
Tue Jun 14 16:06:44 2005 Attention Brokerage Customer
There will not be any split shares paid outon GVRP at this time. The company is waiting for a ruling from SEC and NASDAQ for the forward split.
I'm wondering if Ms. Remond would like to see our correspondence with each of our brokerages--that could shed some light on our situations. I did forward her my Scottrade correspondence, but all the correspondence was contained nicely in one email. I don't know if any of you have a nicely-packaged set of emails you could forward to her, assuming the content does not have sensitive info in it, of course--if so, perhaps you could copy and paste pertinent info into a single email to her.
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posted
I personaly, only have taped phone conversations. And most of them are now in MS. And I am in Fl. Speaking of wich, does anyone think it could/would do any good at all if I drove to GLUV? a few hour drive wouldnt bother me. But as helpful as they have been over the phone, I doubt it would be much different in person. Any thoughts?
-------------------- Never underestimate the power of stupid people in large groups.
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posted
This is what is frustrating. On that last day, pre F/S.......I sold 50 shares (before receiving the F/S shares)
That money is likewise frozen.....so it isn't just the money regarding the forward split shares it goes back to the week before. Now that just sucks IMO. I mean, they got 50 of them back...but Oh No, anything concerning Gluv is on hold.
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posted
ameritrade is the same way. the money i put in pre-split is frozen as well.
quote:Originally posted by dishgal1: This is what is frustrating. On that last day, pre F/S.......I sold 50 shares (before receiving the F/S shares)
That money is likewise frozen.....so it isn't just the money regarding the forward split shares it goes back to the week before. Now that just sucks IMO. I mean, they got 50 of them back...but Oh No, anything concerning Gluv is on hold.
quote:Originally posted by dishgal1: She also needs to know that our accounts are frozen......INDEFINITELY!
She knows. I've already corresponded with her 3 times today back and forth. Seems very interested in recent developments. As well she should be, this is a disaster, one for the record books.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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quote:Originally posted by dishgal1: This is what is frustrating. On that last day, pre F/S.......I sold 50 shares (before receiving the F/S shares)
That money is likewise frozen.....so it isn't just the money regarding the forward split shares it goes back to the week before. Now that just sucks IMO. I mean, they got 50 of them back...but Oh No, anything concerning Gluv is on hold.
I have scottrade and I sold 25 shares pre split (on that friday) and was able to use that money..so you may wanna check that with ameritrade
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posted
Ameritrade's response to my complaint.....Jumping right on it huh.....
Thank you for contacting us today regarding your concern with GVRP.
Thank you for bringing your concern to our attention. We have forwarded your message to our Compliance Department. They will conduct a formal inquiry and provide a written response to you within approximately 15 business days. If you have additional concerns about this issue, please forward those to our Compliance Department at the following address:
Ameritrade, Inc. Regulatory/Compliance Department PO Box 2148 Omaha, NE 68103-2148
If you have other questions concerning your account, please contact our Client Services Department.
Sincerely,
David Holder Apex Trade Resolution, Ameritrade Division of Ameritrade, Inc.
-------------------- Raptor----Don't confuse bad luck with bad judgement
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quote:Originally posted by DirtyDealer1123: I personaly, only have taped phone conversations. And most of them are now in MS. And I am in Fl. Speaking of wich, does anyone think it could/would do any good at all if I drove to GLUV? a few hour drive wouldnt bother me. But as helpful as they have been over the phone, I doubt it would be much different in person. Any thoughts?
Make sure they give you a nice set of driving gloves for the trip back.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
just got email from carol she wanted to know if i asked scotrade what was the discrepicy but like i told her the say there trying to give run around so shes on it need more in put
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posted
rt........I am with Ameritrade. I think that money was usable at one point before the $$$t hit the fan. But once you freed it up....it too is on hold. Too bad I didn't put it in a long stock.
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posted
I just received an email reply a few min ago from Carol Remond thanking me for suggesting to fellow GVRP shareholders that they contact her with their experiences. So, if you haven't already, please do so! Dow Jones exposure for our situation may be very helpful!
Carol S. Remond Special Writer Dow Jones News 201 938 2074
Contact her at Carol.Remond@dowjones.com with your story!
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quote:Originally posted by H2NRG: I just received an email reply a few min ago from Carol Remond thanking me for suggesting to fellow GVRP shareholders that they contact her with their experiences. So, if you haven't already, please do so! Dow Jones exposure for our situation may be very helpful!
Carol S. Remond Special Writer Dow Jones News 201 938 2074
Contact her at Carol.Remond@dowjones.com with your story!
She's got everything of mine, asked me several questions about everything. This is definitely a hot story, I'm sure she is happy about getting all this info.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
just talked to scotrade broker about why my account showes 40sh that he said i could trade but in another part of my account it showes 120000000 shs that i cant touch because they havent been delivered yet
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posted
just talked to scotrade broker about why my account showes 40sh that he said i could trade but in another part of my account it showes 120000000 shs that i cant touch because they havent been delivered yet
So is that their game? You can sell your original shares that cost between $2-4 each for .0001??????
Do they have a clue? I don't think they can indefinitely hold our money frozen like that. Something has to be done.
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posted
it would be a good idea to send her a link to our site i would but dont know how it would give her some good bathroom material for the weekend
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Yes, a couple of weeks back. I am currently composing a very short email which touches upon topics quite different than current.
I will post my email later.
My suggestion is readers should keep their email short and concise. Long elaborate details and explanations, are usually not given much attention because of time constrants.
Remond is very much in tune with background history, she only needs short comments with which to write a new article.
Same is true with the SEC, NASD and others. They are aware, they are familiar with hard facts. They only need to be hit with large numbers of people registering concerns.
It is volume which makes a difference, not length.
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I am aware you are being "bombed" with email about GLUV corporation, ticker GVRP. I will keep this short.
My concerns are twofold and quite different than concerns of others. I see two precedent cases being established.
GLUV has effectively halted trading with their news announcements. You have copies of those releases. On this, my concern is GLUV is creating precedence for a new method to manipulate markets. Effecting a halt outside of SEC authority, is dangerous. With this precedence established, which has not been challenged by the SEC, other companies may elect to use the same tactic, as needed.
My other concern is GLUV announced a forward split, sold too soon, and is now refusing to cover shorts, which is a direct violation of SEC rules. Adding to this precedence is a notion more dangerous.
Recently GLUV filed a falsified amendment with the Florida Department of Corporations, in which they authorize two-hundred-fifty-trillion shares.
Precedence set by that action is a company can lure in buyers with a promise of forward splits with no shares to cover, sell to those buyers, then declare more shares after-the-fact to cover for naked shorts. Net profits are much greater for high priced shares with attached forward split due bills, than with dilutive "trillions" of shares.
A result of the SEC allowing those two specific actions is setting of case examples which other companies, in the future, may elect to use to manipulate markets knowing they will enjoy silent impunity.
posted
PG, I noticed you addressed her as Ms. Redmond, with two 'd's--you may want to check the email address you used. I made that mistake in her email address a few weeks ago and got a bounce back from the DJ server.
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posted
Zero volume today, but the cat's already out of the bag. One of the questions Carol asked me is if I was sure that the stock traded after the suspension. I told her to look at the order book on otcbb.com.
We have volume this week, further proving what the market value minimum is for GVRP. If they don't want to cover the short position, then a tender offer needs to be made at .0002 or above.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
found this, interesting can not confirm any of it but felt it was interesting enough...(grabbed it off IHUB)
Also, nice job purl, i have also contacted SEC, couple state house guys, my senator, cnbc, wallstreet journal, IBD, the company, ameritrade etc...
Here's that thingy i mentioned.
GVRP: SYNOPSIS
From: xxxx
GVRP "Just My Opinion" In my opinion this is a classic case of 'the rules don't count for you the trader'
First and foremost is the issue that it is NOT the informed traders that traded the stocks problem.
There are some basic rules that apply to stocks: 1. If you buy a stock that has been short sold the original seller is on the hook & their Broker is also.
2. Any Market Maker that trades the stock is next in line. 15c-211 rule applies 100% of the time not 99%
3. Standing Trades cannot be undone without SEC/NASD, or a Court Order.
Here is where it gets interesting.
I know what happened on this deal. I talked to the MM, NASD Market Data Integrity, and the transfer agent when this all started.
Market Data Integrity confirmed the issue of stock trading with a dividend attached. "to me and I have been told also to the Market Marker that was selling the stock"
I also called THE MM and told them of the issues. The MM ignored the issue with the dividend and kept selling the stock into the market. (they are on the hook 100%)
The transfer agent issued stock before the correct date. At issue is that they do not, or did not understand their own business.... Declaration Date: Ex Date: Record Date: Payment Date: (they are also on the hook 100%)
Now all the brokers and Market Makers that traded the stock to the current stockholder are trying to worm out of their legal responsibilities.
If you buy a stock and it's not delivered to you then there is a forced buy-in after the stock is called for delivery.
Not this *** that they are trying to pull, "oh those trades don't count" That is just illegal Bull **** to cover their own a** They do count, ask the broker you use if you can cancel some trades you made 2 weeks ago that you lost money on, and they will laugh in your face. Same applies to them if they like it or not.
Failures to deliver, and Brokers failures to act in the best interest of their clients is the issue here.
Any Broker that wants to, or tries to undo a trade, take money from accts, or defraud an investor should be sued, and a letter to the SEC requesting that the Brokers license be revoked and a fine be levied against them should be sent.
Ask for everything in WRITING from your broker!!!
Tell them they can't trade your acct without your consent and you do not give it to them for any issues with GVRP.
This one is gonna end up in court fast if the insurance for those that "Screwed up" does not act fast... And the payoff for us will be bigger "In My Opinion" The only way they will is if the Brokers Push the issue, and get the deal paid off soon. All the Brokers, Market Makers, and the transfer agent as well as the original short seller look to be in the same mess if the informed traders sue them, AND THEY ALL LOOK TO HAVE DEEP POCKETS SO THEY WILL GET SUED...imo
This has been just my opinion .... all traders need to stand up for their rights on this one or there will be no rules to protect them in the future....
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quote:Originally posted by cruz: 2.6 mil in volume today at 0.0002
I believe that was yesterday's volume. Today I show a big fat zero.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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There's nothing I've seen to indicate that. Is that backed up by any facts?
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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