This is topic GVRP in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.


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Posted by keithsan on :
 
i'm not in, forward split 3,000,000 for 1 in case anyone is interested.

edits: due to screwing around in other parts of the thread.

[ May 26, 2005, 22:59: Message edited by: keithsan ]
 
Posted by keithsan on :
 
still not in.... won't fill me on the bid, i dont want to pay ask. I just want a billion shares [Smile]
 
Posted by jason10 on :
 
LOL keith


i dont get how this could be good for the company O_o
 
Posted by glassman on :
 
more trading....
 
Posted by keithsan on :
 
the company was gluv, just r/s'd, now there are like 200 shares left or something, it cant' be that little but you get the picture,

their corpprate people are getting kicked out and reverse merging with an entertainment company...I'll take my chances with a billion shares. [Smile]
 
Posted by glassman on :
 
then we can unashamedly pump the cra...out of it... [Big Grin]
 
Posted by keithsan on :
 
Buddy just e-mailed me, RUMOR has it that the Merging company sold into the news on the merger, as planned, they thought they had held their shares for the dividend, but ex-date is 23rd. I've heard of this happening before, anyways, they are basically selling shares that they don't have after the split.....

should be a mess LOL had my buy in on bid all day, not even a nibble. I'm not gambling more than bid, will watch it play out though.
 
Posted by keithsan on :
 
they just dropped price, grabbed a few [Smile] should pay out on 25th

http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date
 
Posted by cruz on :
 
so you grabbed 333 shares @ 3 to get your billion shares [Smile]

quote:
Originally posted by keithsan:
they just dropped price, grabbed a few [Smile] should pay out on 25th

http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date


 
Posted by keithsan on :
 
I'll be a bit shy of a billion. they walked it down to 3.00, its crazy. they have to cover my guess is they think the record date is important and it aint LOL [Razz]
 
Posted by glassman on :
 
a billion shares would be 333,333,334 at 3000 to one.. [Big Grin]
 
Posted by keithsan on :
 
they are gonna have to submit one of thos pr's saying they screwed up, I'll dig out the quote of how many actual shares they have but.....

to funny. I'm interested in how they try and weasel out of this.
 
Posted by keithsan on :
 
bet you there were 5 shareholders before this, gonna call my broker. LOL
 
Posted by keithsan on :
 
down 95 bucks today LOL c'mon bring it back up [Smile]

http://finance.yahoo.com/q?d=t&s=GVRP.PK
 
Posted by cruz on :
 
i thought for sure the filing said 3 million to 1 at the link keithsan gave earlier in the thread

quote:
Originally posted by glassman:
a billion shares would be 333,333,334 at 3000 to one.. [Big Grin]


 
Posted by glassman on :
 
GVRP - GLUV Corporation New Common Stock
Declaration Date:

-- Ex Date:

05/23/2005 Record Date:

05/13/2005 Payment Date:

05/20/2005
Dividend Type:

Stock Dividend or Split Dividend Amount:

3,000,000-1 stk
Notes:

Due Bill Redeemable Date: 05/25/2005
 
Posted by glassman on :
 
yes it does, and if people sold them thinking they would get the post-split shares? i think they might be in for a surprise...
share divvies usually follow the shares...
it's best to keep them till you get your dividend...
 
Posted by keithsan on :
 
you just need to be the holder on the ex-date placed by nasdaq, never trust a pr. or the company etc... still about 4 buying days left, should be really vollatille when they realize what they did [Smile]

....on ex date, nas. states: you must be owner day before the date. not day of. check with your broker on the 3 day rule if your ever interested in timing a dividend.
 
Posted by keithsan on :
 
http://cobrand.knobias.com/templates/aware/view/issuerservices.htm?site=IH&ticker=gvrp


YAAAAAAAAAAAAHHHHHHHHHHHHOOOOOOOOOOOOOOOO
 
Posted by cruz on :
 
how do you think this will pan out?
 
Posted by keithsan on :
 
worst case sceanrion cruz, i take my billion and sell them for .0001 how much is that [Big Grin]
 
Posted by cruz on :
 
i am getting different filing results on different website re dividend. nothing is consistent here.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
i am getting different filing results on different website re dividend. nothing is consistent here.

ask your question cruz i will direct your answer.
 
Posted by keithsan on :
 
cruz,

this is the ONLY one that matters, the nas is never wrong to a company or their pr.

http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date

if your loooking for rules i can give ya them too...
 
Posted by cruz on :
 
basically you need to be record shareholder prior to 5/23 to be eligible for 3 mil - 1 dividend according to the otcbb. it just seems other filings show different dates.
 
Posted by keithsan on :
 
correct, but the nasdaq or otcbb is correct, all others are wrong. you can not buy on the 23rd either....

I can post the numbers larer but basically todays buyers own the company since they can not do a reverse split before the forward. Its completely complicated, and expect a company pr saying so tomorrow and dropping the price. if that happens buy buy buy. when was the last time a company beat the nas...


you never know what the company will do, i'm jacked to see the bid ask in the am
 
Posted by Purl Gurl on :
 
I need all of you to stop, backup, and explain
this one again. I am totally lost.

Etrade shows GLUV down $600 plus on the day.
Another one shows it down $3000 plus on the day.
One says previous close was $100 for the day.

A three-million to one forward split?
Is that real or a mistake?

Would one of you, in very simple Plain English
and in chronological order, itemize events so
I can make sense of what is happening? You
know like,

April 1 Company says this.
April 2 Company does that.
April 3 Company announces this and that.

Purl Gurl
 
Posted by cruz on :
 
how about a r/s after a f/s? would that make sense? it just seems to good to be true.
 
Posted by cruz on :
 
grammar check - left out the extra 'o' in to. they say - it's all about the o's
 
Posted by cruz on :
 
i am with you pg. not one site has the same info with the exception of today's news. confusing and inconsistent.

quote:
Originally posted by Purl Gurl:
I need all of you to stop, backup, and explain
this one again. I am totally lost.

Etrade shows GLUV down $600 plus on the day.
Another one shows it down $3000 plus on the day.
One says previous close was $100 for the day.

A three-million to one forward split?
Is that real or a mistake?

Would one of you, in very simple Plain English
and in chronological order, itemize events so
I can make sense of what is happening? You
know like,

April 1 Company says this.
April 2 Company does that.
April 3 Company announces this and that.

Purl Gurl


 
Posted by cruz on :
 
we are ready for class keithsan. please be our teacher.
 
Posted by Purl Gurl on :
 
I'll say, Cruz. I have been all over this
one, over and over and over.

I cannot make a lick of sense of what is happening.

Purl Gurl
 
Posted by Purl Gurl on :
 
This is the 52 week price range per Etrade,

214500.0000 3250.0000

What the F-word?

Purl Gurl
 
Posted by trading4life on :
 
I am lost on this one. Can anyone make sense of it? If I put $500 into it tomorrow what dividend will I get? Also say in a month how much will I makeoff of this?

This might clean some things up.
 
Posted by Purl Gurl on :
 
Yeah, what he said. What's in it for me?

From Pink Sheet Com

Current Capital Change:
shs decreased by 1 for 6500000 split
Ex-Date:
Record Date:
Pay Date: 2005-05-12

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09
 
Posted by BuyTex on :
 
quote:
Originally posted by trading4life:
I am lost on this one. Can anyone make sense of it? If I put $500 into it tomorrow what dividend will I get? Also say in a month how much will I makeoff of this?

This might clean some things up.

pm me, new thread unwarranted...
 
Posted by keithsan on :
 
Purl about time you showed up, if you came earlier i may have bought more shares.

yes 3 mill to 1 (from nas, they not allowed to make mistakes)
http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date

in order:

Gluv(pos) did a huge RS, last week, look up Gluv for dd.-Leaving VERY VERY few shares.

Now they announced a 3 mill for 1 forward split.
which obviously only the company would own, more for them to manipulate etc....

They announced Reverse merger today, and as usually happens someone sold into the news. Problem is, whoever sold into the news thought they got the split, they didn't. Ex date hasn't happened.

by trading rules, they can not announce more shares or do an RS until the forward is complete.

a 500share block at 3.50 gets you over a billion shares at .0001 gives you 100k [Razz]


BANK
 
Posted by trading4life on :
 
LOL I am in!
 
Posted by Purl Gurl on :
 
More nonsense.

shs decreased by 1 for 6500000 split

Late last year:

outstanding shares 56 million
public float 11 million

Purl Gurl
 
Posted by keithsan on :
 
Purl,

bottom line is they screwed up, normally on an RS, they also attach some form of FS to. But, on this one,they waited then announced they had EX date after record date etc...

Someone flubbed it they think they have the shares, just like a trader thinking they got the split and missing by a day [Razz]
 
Posted by keithsan on :
 
quote:
Originally posted by trading4life:
LOL I am in!

Good luck, probably open at 500 a share
 
Posted by trading4life on :
 
Nah we will see. If anything might be better not to get in. Sounds a little crazy.. lol
 
Posted by keithsan on :
 
quote:
Originally posted by trading4life:
Nah we will see. If anything might be better not to get in. Sounds a little crazy.. lol

It is crazy, rarely companies screw up. This one did. Here is the issue, they probably know now. They may literally own the company no longer.

so they either try to buy our shares pre split with high prices. or, let out a crappy pr.

I know you think its a scam but .0001 for each share is a lot of bank. read otcbb.com thats the RULE
 
Posted by Purl Gurl on :
 
Yeah, too crazy. Something is not right.

I pulled this from the IH board.

GLUV Corp. Announces Dividend of Homeland Productions, Inc. Shares to Shareholders
WEST POINT, Ga. - PRNewswire-FirstCall - April 29
WEST POINT, Ga., April 29 /PRNewswire-FirstCall/ -- GLUV Corp. (Pink Sheets: GLVP) today announced that shareholders of record on May 9, 2005 at 5:00 PM EDT will receive a dividend of one common share of Homeland Productions, Inc. for each common share of GLUV Corp. owned at that time.

Homeland Productions, Inc. is a private Georgia Corporation that owns all of the assets formerly held by GLUV Corp., consisting primarily of video production operations. Additionally, Homeland Productions, Inc. owns Bisconte Leather Corporation, a Tennessee Corporation, which owns certain intellectual property relating to, and rights to market, certain leather products.

Homeland Productions, Inc. will be debt free after the dividend. GLUV Corp.'s current debt (in excess of $320,000) will remain an obligation of the remaining non-operational GLUV Corp.

Homeland Productions, Inc. will be based in Birmingham, AL and James Shepherd will serve as its President. According to Mr. Shepherd, "The opportunity to leave over $320,000 of existing debt behind, and operate in a debt free environment is a significant opportunity for the shareholders. It is my hope that over the next several years we can grow Homeland Productions, Inc. into a profitable public reporting company. We are currently involved in several very exciting projects which I will be discussing in greater detail in a forthcoming letter to shareholders." At the outset, Homeland Productions, Inc. shares will not be publicly traded.

After the dividend, the Lanier M. Davenport Sr. Family Trust, which is a major creditor and shareholder of GLUV Corp., will assume or arrange for payment of all the corporation's debts to creditors other than itself. It will then acquire however many shares it determines to be necessary so that minority shareholders will be eliminated through a reverse stock split (a conversion of outstanding debt to equity at the anticipated per share price could result in the issuance of more than 600,000,000 additional shares). On May 10, 2005, the corporation will do a reverse stock split in which one new share of GLUV Corp. will be issued for every 6,500,000 old shares. Fractional shares will not be issued. Instead, shareholders who would otherwise receive a fractional share will be paid the value of their shares. Since the corporation will have no assets or business, and substantial debt, it is anticipated that the value of the shares will be only nominal, but the corporation will value the old shares at $.0005 each for purposes of the repurchase.
 
Posted by trading4life on :
 
Man... Wish I had found this before close. I told you keithsan you need to post this stuff on more boards! I think making 100k off of 2k is worth the risk.
 
Posted by keithsan on :
 
Exactly Purl someone flubbed it company is a pos, its a mistake play more than a wow look who's merging it
 
Posted by Purl Gurl on :
 
At .0005 per share, every one-million shares
would be worth $500.

So, in theory, you could buy one share for four
dollars, forward splits into three-million and
your purchase is worth $1500.

That will not happen!

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by trading4life:
Man... Wish I had found this before close. I told you keithsan you need to post this stuff on more boards! I think making 100k off of 2k is worth the risk.

NO! It will move without me hunting people down, people can hunt down the good plays.
 
Posted by keithsan on :
 
Just in case you dont read that link i post EX date is 23rd, but company payment date is 25 th.

Money will be due quick.
 
Posted by Purl Gurl on :
 
Yes, Keith, if readers are to take a chance
on this, they need to buy by no later than
May 20 to qualify, if I understand the rules
on this correctly.

I am certain some back peddling news will
come out on this. I don't see how this could
ever happen, in reality.

Purl Gurl
 
Posted by keithsan on :
 
Purl, you think like a trader always getting screwed as gluv did to the traders on their RS.

Now, new company, someone screwed up too....

If back peddlin news comes I'm adding. I saved and printed the above Nas/otcbb.com page.
In case i need it by law but IWANTMY BILLION SHARES!!!!!!!!!!!!!!!
 
Posted by Purl Gurl on :
 
A billion shares, pretty funny.

I am thinking to squeeze you out by buying
all remaining shares first thing tomorrow.

Heck, I'll run the bid up to five bucks per!

I sent this thread out to a friend to read.
We are actually considering buying in on an
outside chance this slips through the cracks.

All of this is so surrealistic, I could not
make any sense of it at first. My first
thought was, "How will I get screwed on this?"

Someone is probably sweating bullets and
wigging out right about now. Big blunder!

Purl Gurl
 
Posted by cruz on :
 
keithsan - i was with you on this the second you posted but i couldn't get in until i did some digging first. it was there black and white but couldn't believe it. there is a such thing as a CORRECTED filing.
 
Posted by cruz on :
 
you took the words out of my mouth purl
 
Posted by trading4life on :
 
I have seen corrected PR's before; but I am new so don't take my word.
 
Posted by cruz on :
 
just a couple of days ago, there was a blunder in a company's share price inflated by a huge percentage like from a $1 to $150. shareholders sold the second they saw the inflated price. later it was caught as a glitch and shareholders were forced to buy the shares back.
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
A billion shares, pretty funny.

I am thinking to squeeze you out by buying
all remaining shares first thing tomorrow.

Heck, I'll run the bid up to five bucks per!

I sent this thread out to a friend to read.
We are actually considering buying in on an
outside chance this slips through the cracks.

All of this is so surrealistic, I could not
make any sense of it at first. My first
thought was, "How will I get screwed on this?"

Someone is probably sweating bullets and
wigging out right about now. Big blunder!

Purl Gurl

thank you purl, this is all a compliment from you.

I don't read thes filings for a double though, thats why i play subbers [Smile]

wish you woulda got in ealier good luck tomorrow.
 
Posted by keithsan on :
 
quote:
Originally posted by trading4life:
I have seen corrected PR's before; but I am new so don't take my word.

they can change there pr's 10x tomorrow, it dont change the fact that i get my billion after the 23rd and i want it, its 100k at .0001 i'll pump that pig like you never seen!
 
Posted by trading4life on :
 
lol
 
Posted by cruz on :
 
ok - what do you think will happen at the open?
 
Posted by keithsan on :
 
Cruz, no clue, they HAVE to know they screwed up. I had my buy in at 3.50 all day, i don't have pink level2' from work and that was the bid when i opened it.

I thought for sure it would be back to 3k in the quickness. buying each share for 200 bucks would be a cheap way out, they could go legal and lose, who knows.
 
Posted by cruz on :
 
shoot - at open, i will take 10 shares at 10 for a 100 and in return get 3000 off of 30000000 at 0.0001
 
Posted by keithsan on :
 
LOL you looked at this all day to figure that out now i'm actually waiting for a MLON type pr.
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
. My first
thought was, "How will I get screwed on this?"

thats the only way you will get my shares [Big Grin]
 
Posted by cruz on :
 
just too good to be true is all i can say. do you have a lawyer ready?
 
Posted by cruz on :
 
LOL

quote:
Originally posted by keithsan:
quote:
Originally posted by Purl Gurl:
. My first
thought was, "How will I get screwed on this?"

thats the only way you will get my shares [Big Grin]

 
Posted by keithsan on :
 
I have my Juris Doctorate if thats your question. I helped Dog out one time on one of these and learned the ropes. Still a lot of ropes to be learned though. But I did copy my link. and thats they bible, Nasdaq can't look bad, but some penny company can.
 
Posted by keithsan on :
 
One more beer and bed [Smile]
 
Posted by cruz on :
 
where is everybody?
 
Posted by keithsan on :
 
qbid cmxk pdvn etx..
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
then we can unashamedly pump the cra...out of it... [Big Grin]

i think we already started to pump the cra...out of it LOL
 
Posted by cruz on :
 
glass finally showed up
 
Posted by keithsan on :
 
I dont even want to, i just want my .0001, hell, .00001 if my broker does it is fine [Smile]
 
Posted by cruz on :
 
the pps could go 0
 
Posted by glassman on :
 
quote:
Originally posted by cruz:
glass finally showed up

hey i been here all day...


i don't know any more than anybody else...

i expect to lose 99% of what i put down...

welcome to the monkey house [Big Grin]

[ May 18, 2005, 07:58: Message edited by: glassman ]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by cruz:
glass finally showed up

hey i been here all day...


i don't know any more than anybody else...

i expect to lose 99% of what i put down...

welcome to the monkey house [Big Grin]

The best traders here, haven't been able to tell me i'm wrong yet! c'mon I'm a waitin, 1/2 beer to go
 
Posted by Ktrain420 on :
 
AMEP......LOL.......Coor's light!!! ....just jerkin' your chain.........LOL [Big Grin] [Big Grin] [Big Grin] [Big Grin]
 
Posted by keithsan on :
 
I'm riding AMEP and oveloaded, i don't do light.
 
Posted by Ktrain420 on :
 
LoL.......Bass out the tap is the BEST but for the homestead it's Coor's light .....while I DD.....
 
Posted by cruz on :
 
you are sure drinking that beer slowly - it has been 21 minutes [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by Ktrain420:
LoL.......Bass out the tap is the BEST but for the homestead it's Coor's light .....while I DD.....

WTF you dd, you cruise chatboards looking for window lickers on a short bus.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
you are sure drinking that beer slowly - it has been 21 minutes [Smile]

shhh the secon one now, but i'm a silent drunk.
 
Posted by cruz on :
 
there's a lot of action on investorshub re GVRP
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
you are sure drinking that beer slowly - it has been 21 minutes [Smile]

singles or six packs? yaaaaa whhooooo
 
Posted by keithsan on :
 
this isn't a pump or action play, its a screw up play. I'm tempted to look but each moron is a moron, unti I know otherwise which I won't find out by peeking.

I am out ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
 
Posted by Ktrain420 on :
 
uuuuuuhhhhhhhhhhhh ok.........????
 
Posted by trading4life on :
 
oh *snap* son.
 
Posted by Ktrain420 on :
 
is that you DREW>........LOL
 
Posted by trading4life on :
 
No who is drew? I have only been on allstocks for about a week now. I am just learning. I have seen you on the general forum giving out advice. I learned a lot about the level two's from your post.
 
Posted by superstud on :
 
I'm not really sure what you guys are talking about here. The dividend according to this website http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date is for shareholders on the records date of 5/13/2005. It has already been determined who will receive the dividend. You had to be a shareholder of record as of 5/13/2005. This means that you had to own it three days before. The stock will trade ex-dividend (after dividend) on 5/23 because that is the next trading day after the dividend is issued/paid (the payment date)--5/20. Ex dividend means after dividend meaning the dividend has to be paid. It's paid on the payment date to shareholders on the record date (which was on 5/13 or before). Hope this helps everybody out and does not burst anybody's bubble. I know I don't post here a lot, but I do read a lot here and appreciate when anyone can help me out with stuff so I thought I'd help you guys figure this out. Good luck to all.
 
Posted by keithsan on :
 
Superstud, you are wrong, re-read SEC, I have to go to work so can't explain and it is very complicated heres a link:

http://www.sec.gov/answers/dividen.htm
 
Posted by keithsan on :
 
the company put the record date in the wrong place [Smile] happens now and then. Recordd date is meaningless.


heres the quote:nce the company sets the record date, the stock exchanges or the National Association of Securities Dealers, Inc. fix the ex-dividend date. The ex-dividend date is normally set for stocks two business days before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.

SEE THE LAST LINE

(also notice the first line)the company sets the record date, these are the ones that get screwed up. Company Pr's change them etc. This is straight from the SEC.

If any of you ever plan on buying stocks for dividends, this is whats important! Copy and paste the link. I have seen many traders lose what they thought were their dividend shares.

[ May 18, 2005, 07:26: Message edited by: keithsan ]
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
yes it does, and if people sold them thinking they would get the post-split shares? i think they might be in for a surprise...
share divvies usually follow the shares...
it's best to keep them till you get your dividend...

 -
 
Posted by keithsan on :
 
Disclaimer: i am enjoying this, I am right on my dates, call your broker if you can't read or have trust issues. Either the company or the MM screwed up, I hope its the latter since they are always trying to screw me.

Don't bet the house on this, there is no way to know what will happen. This is like a cmkx lottery ticket with a better chance of winning. The company has not released a pr yet, and my shares have not been taken from my account. It will be tough for the company to cancel the transactions.

Good Luck with this today.
 
Posted by cruz on :
 
well i guess i am going to have to put some vegas money in.
 
Posted by cruz on :
 
well - i should get 300 mil shares soon
 
Posted by glassman on :
 
don't forget capital gains taxes...LOL
 
Posted by keithsan on :
 
we shall see [Smile]

anyone have the link to allstocks level 2 for pinks, my links are all gone on this crappy thing they call a puter
 
Posted by cruz on :
 
not quite a billion keithsan - aw c'mon glass - did you have to bring that up [Big Grin]
 
Posted by keithsan on :
 
I just added nother 100 on the shake.
 
Posted by keithsan on :
 
added another at 2.00
 
Posted by cruz on :
 
i tried at 2 but no luck - its back up to 2.75
 
Posted by superstud on :
 
The ex-dividend date was created to ensure that people would receive the dividend. It is two business days before the record date.
From http://www.investopedia.com/articles/02/110802.asp :
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.

As mentioned, if you are not in the company's record books on the DATE OF RECORD, YOU WON'T RECEIVE THE DIVIDEND PAYMENT. To ensure that you are in the record books, you need to buy the stock at least three days before the date of record, which also happens to be the day before the ex-dividend date.
This just means that someone messed up and put the wrong ex-dividend date. It doesn't mean that you are going to be a shareholder of record because you had to be the shareholder of record on 5/13.
 
Posted by cruz on :
 
in another at 2.25
 
Posted by glassman on :
 
superstud:

Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.

glassman:

continue reading till you get to share divedends...they are not treated the same way, and this is for a very good reason......

anyway i'm not taking this too seriously and i'm not encouraging anyone else to either....
 
Posted by keithsan on :
 
superstud, read the SEC they matter, not anyone else, re-read what I quoted you.

Its hard to imagine in this case. No pr's, I got buys in down to .50
 
Posted by keithsan on :
 
some nervous nellies dumping at 2
 
Posted by superstud on :
 
I'm not going to argue with you. Just let me know when you get your shares since apparently you are going to be the shareholder of record, which is the most important thing. Good luck.
 
Posted by glassman on :
 
i am serious about share dividends...i've been on the LOSING end of that before....
 
Posted by keithsan on :
 
quote:
Originally posted by superstud:
I'm not going to argue with you. Just let me know when you get your shares since apparently you are going to be the shareholder of record, which is the most important thing. Good luck.

thanks but really i don't want to argue either, when the SEC states in their document the Share holder on EX-date gets the divs. that is binding in a court of Law.
 
Posted by cruz on :
 
Ex-dividend date– On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
 
Posted by cruz on :
 
hey - just play this with your vegas money.
 
Posted by keithsan on :
 
someone else do the math but i'm hearing post R/s from gluv there were 11 shares, also hearing that the transfer agent gave up shares early [Smile]
 
Posted by glassman on :
 
that or we are buyng NSed shares...

either way? i'll settle for 50$ on the penney [Big Grin]
 
Posted by keithsan on :
 
i'l setttle for .00001
 
Posted by glassman on :
 
.0001...
 
Posted by cruz on :
 
what's the source? i am going to be out of a computer for 2 hrs. keep me up to date.

quote:
Originally posted by keithsan:
someone else do the math but i'm hearing post R/s from gluv there were 11 shares, also hearing that the transfer agent gave up shares early [Smile]


 
Posted by cruz on :
 
nevermind keithsan - i read that somewhere - i will have to dig that up again. that was the reason for forward split.

quote:
Originally posted by keithsan:
someone else do the math but i'm hearing post R/s from gluv there were 11 shares, also hearing that the transfer agent gave up shares early [Smile]


 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
.0001...

even better but the latter ain't to bad

put a call into NAS. was on hold. got class. hung up.
 
Posted by keithsan on :
 
my buddy called again LOL, this is from a guy jim bishop, my buddy says he's good and honest, I don't know. he's on I hub I don't travel there i did last night but when you don't know the good traders its a waste of time.

Jim posted this: (i may follow up later)

Brian at NASD Customer Complaints just called back after confirming with Nasdaq that GVRP ex dividend date it May 23 and it is trading Due Bills redeemable and yes....if I own it Monday morning I will be owed 3 million shares for every one share I own and they are due to be paid to me on or before the Due bills date of May 25th.
 
Posted by glassman on :
 
so keith? i don't like lobsters over 2.5 lbs....
they start to taste a little funny after they get that old... 2 pounders work? [Big Grin]
 
Posted by Raptorsrule on :
 
Ya gotta love it......Keith....once again...much respect....I bought my hundred shares...

Now I want my 300 mill!
 
Posted by keithsan on :
 
pound and a quarter G gotta love the chix.

The company has been contacted with all relevant nasdaq information. There are more mms on the bid now. This started yesterday by friday they should know somethings wrong, 3 day rule [Smile]

Monday will be very interesting LOL

raptor, i'm getting me a billion [Big Grin]
 
Posted by keithsan on :
 
ex-dividend link: save this

http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_003997.pdf
 
Posted by Raptorsrule on :
 
Party at your place Keith...LOL
 
Posted by Purl Gurl on :
 
This cannot be real. This cannot be real.

I cannot believe I bought a hundred shares.

Purl Gurl
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
This cannot be real. This cannot be real.

I cannot believe I bought a hundred shares.

Purl Gurl

come to the darkside Purl.... [Cool]
 
Posted by Purl Gurl on :
 
May the farce be with you.

Purl Gurl
 
Posted by Raptorsrule on :
 
Darkside...LOL.....

Just think of it as getting even for all the times we've been screwed...LOL
 
Posted by vg on :
 
Hey i'm in too but i'm a very small timer I bought 38 crazy number hopefully this stock goes positively crazy
 
Posted by dishgal1 on :
 
PURLGURL.....I'm with you there, I can't believe I bought 100 shares also. I really admire your honest posts on this board.
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
This cannot be real. This cannot be real.

I cannot believe I bought a hundred shares.

Purl Gurl

Wow I must be learnin if PURL is buying [Razz]
 
Posted by glassman on :
 
where's blue in the oven mitt state?...he needs a hundred shares too...


this really may not work out.... but it is funny....
 
Posted by keithsan on :
 
LOL Purl buys and everyone jumps in.

whats wrong with me whats wrong with me [Smile]
 
Posted by Purl Gurl on :
 
I know I am still asleep and dreaming. I just
finished a dream I was water skiing behind
an ancient B-29 bomber which periodically
lifted me high into the air.

Yes, I am still dreaming. I did not buy those shares.

Purl Gurl
 
Posted by keithsan on :
 
hmmm LOL

ETRADE figured somethings up:Closing orders for this security cannot be accepted online at this time. Please contact Customer Service at 1-800-786-2575 for assistance with placing this order.
 
Posted by glassman on :
 
i've printed up my confirmations LOL
 
Posted by Triumph1902 on :
 
My etrade order for 100 just went through about a min ago.. I'll try again see if it works now..
 
Posted by Purl Gurl on :
 
I bought through Etrade. I probably was the last
deal to go through.

Wed May 18 12:59:15 2005 Buy 100 GVRP @ 2.6 Executed
...was executed at 2.55.

Purl Gurl
 
Posted by Purl Gurl on :
 
GAK! All my hard earned egg money!

GVRP just dropped to 1.75 per.

I'm bankrupt! I'm bankrupt!

Purl Gurl
 
Posted by Purl Gurl on :
 
Oh yes, Dish Gal, welcome to Allstocks!

Personally, even I wouldn't believe anything I say.

How smart can I be? I just bought into this craziness!

Purl Gurl
 
Posted by Triumph1902 on :
 
Wed May 18 13:10:53 2005 Buy 100 GVRP @ 2.5 Executed

I just put an order at $1 to test it and it still works for me.
 
Posted by keithsan on :
 
ameritrade sells are ok, i just put in 2 shares for 500 each. [Smile]
 
Posted by Dustoff101 on :
 
I ate a 5 pound lobster[ Pacific ] and 2 abalone.....Aloha !
 
Posted by glassman on :
 
i expected this to happen right at the open...
if it is naked shorted shares? i hope i got mine from the MM with the big $$$$
 
Posted by keithsan on :
 
surprised nas hasn't stepped in and halted trading.
 
Posted by Purl Gurl on :
 
* evil gleem in her eyes - rubs her palms together *

After the split I have three-hundred-million shares.
With a few good articles posted at a bunch of boards,
I can convince those stringless yo-yos to buy at
one-dollar per share.

MUUUUHAHAHAHAHAHAAA!

Purl Gurl
 
Posted by jason10 on :
 
when is this split supposed to happen?

i went here to look it was here the other day but now its not

http://www.nasdaq.com/reference/upcoming_splits.stm
 
Posted by glassman on :
 
yep PG, that's the dark side, unfortunately...
 
Posted by Purl Gurl on :
 
In that news release way back there, that family
trust thingy indicates they will buy back shares
at .0005 per share, after the forward split.

This simply cannot be real.

Purl Gurl
 
Posted by Dustoff101 on :
 
...This place has finaly gone over the falls!!!!!!!
 
Posted by glassman on :
 
.0001 would be fine by me...
realistically? we have something by the tail here..i just hope it's a nice widdle kitty and not a tiger [Big Grin]
 
Posted by jason10 on :
 
dustoff just drink the coolaid and be one with the scam [Wink]
 
Posted by keithsan on :
 
payout date is 25th

go to my otcbb link first page.
 
Posted by Dustoff101 on :
 
glassman, have you ever searched out help for your animal problem!!!!!!!!!!!!!!!!!!ALOHA
 
Posted by Purl Gurl on :
 
Not a kitty nor a tiger, Glassman. We have a
smelly skunk by the tail.

If anything, we are causing a headache for
a crooked CEO, maybe even for Wall Street!

Should this fall all apart, all of us should
start writing complaint letters to the SEC,
give them a headache as well.

The company cannot deny releasing the split news.

Purl Gurl
 
Posted by keithsan on :
 
the ex-date is in, nasdaq can't change it, that would be false advertising....
 
Posted by glassman on :
 
somebody just dumped 10,000 shares...the scare is on...
 
Posted by Dustoff101 on :
 
.......PIPELINE.!!!!!!!!!!!!!!!!!!!!ALOHA
 
Posted by glassman on :
 
i'll write letters...
 
Posted by Purl Gurl on :
 
I am voting Keith for,

"Most weird pick of the year."

We should all vote him zero stars as a reward!

Purl Gurl
 
Posted by cruz on :
 
can't wait for my 350 mil too

quote:
Originally posted by Raptorsrule:
Ya gotta love it......Keith....once again...much respect....I bought my hundred shares...

Now I want my 300 mill!


 
Posted by pcloadletter on :
 
Is this a good buy, Im confused?
 
Posted by Purl Gurl on :
 
He is confused. He IS confused!

I love it.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
I am voting Keith for,

"Most weird pick of the year."

We should all vote him zero stars as a reward!

Purl Gurl

I like that, been getting a lot of ones lately zero would be cool
 
Posted by Triumph1902 on :
 
Its a lotto ticket..
 
Posted by cruz on :
 
i am lovin it.

quote:
Originally posted by Purl Gurl:
In that news release way back there, that family
trust thingy indicates they will buy back shares
at .0005 per share, after the forward split.

This simply cannot be real.

Purl Gurl


 
Posted by glassman on :
 
quote:
Originally posted by pcloadletter:
Is this a good buy, Im confused?

you are not alone...

is this a good buy? we don't know, we've spent a little of our hard earned money to find out....
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
Is this a good buy, Im confused?

LOL start reading page 1
 
Posted by keithsan on :
 
i'm gonna have to order alphatrade when i get home, i'll have to use my cats name to get the free trial.
 
Posted by pcloadletter on :
 
that is what made me confused

I have done the reading assignment already
 
Posted by Dustoff101 on :
 
[QUOTE]Originally posted by pcloadletter:
[QB] Is this a good buy, Im confused?

Waimea Bay, over the falls, WIPEOUT!!!!!!!!!
 
Posted by cruz on :
 
why is the pps not upticking now? you would think the word is out now.
 
Posted by pcloadletter on :
 
They don't have a catchy slogan like

Got GVRP! Do they? [Smile]
 
Posted by vg on :
 
man the price is dropping so fast I wish i'd bought in now i'd have had doube of what I got this morning that would have meant 6 mil. crazy talk again
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
I am voting Keith for,

"Most weird pick of the year."


best part is i have no clue what the company does nor do i care!
 
Posted by Dustoff101 on :
 
...I hope a giant Purl Gurl clam does'nt eat me if I WIPEOUT!!!!!!!!!!!!!!!ALOHA!!!!!!!!!!!!
 
Posted by glassman on :
 
maybe we need to get involved... LOL

they might have to allow us on the board of directors....
 
Posted by glassman on :
 
i don't need Hawaii,i just want the one on line 2..delivered and set up....

http://www.electroglass.com/egfprice.htm

here is the home page in case anybody is interested....

http://www.electroglass.com/
 
Posted by vg on :
 
what do u want to do with that
i'm going on a skydiving spree after this one
 
Posted by Dustoff101 on :
 
fruit cakes unlimited [FCU LTD] GOOD NAME FOR THE BOARD!!!!!!!!!!!!!!!!!!!!HONOLUA BAY MAUI!!!!!!TUBED.......ALOHA!!!!!!!!!!
 
Posted by bdgee on :
 
Skunk = pole kitty
 
Posted by jason10 on :
 
dustoff you guys can make it a DOT.COM call it OPPS.com
 
Posted by Triumph1902 on :
 
Ok! so lets say that the word really gets out and the pps jumps to say $20 a share. Would you take your $$$ and run or still wait for the split..
 
Posted by glassman on :
 
a bird in hand? you bet... but it's gonna have to be a little better than 20$
 
Posted by pcloadletter on :
 
When something sounds too good to be true....

Jump in with both feet!

(actually spare feet.....I didn't sell my house or anything)
 
Posted by Purl Gurl on :
 
Pc Load Letter, in a nutshell,

GVRP announced a forward split.

3,000,000 to 1 (three-million for your one share)

You buy, today, 100 shares for $250 even.

Forward split comes.

You now have 300,000,000 shares (three-hundred-million)

Immediately sell, like all of us, at .0001 per share.

300,000,000 times .0001 equals $3000

For $250 your return is $3000 !

Too good to be true and probably is so.

You are gambling this craziness won't be caught
by the company and you will profit.

I have serious doubts, however. Nonetheless,
Keith's pick, the mathematics are true.

Purl Gurl
 
Posted by Dustoff101 on :
 
...Sail on sail on Big ole Hawaiian Moon against the sky!!!!!!!!!!!!!!WIND SURFING......ALOHA!!!!!!
 
Posted by vg on :
 
i'm very new to this so when does a split actually take place(time) at the beginning of the day or whenever the co. feels like?
 
Posted by Purl Gurl on :
 
Good point, Keith. I think this company is
in entertainment or films. I didn't even
bother looking for financials. I do know
the company is dead broke, not a single cent
to their name.

Hey, we are investing like most investors today!
We don't know anything about the company, don't
have a clue, but we are buying like crazy!

Purl Gurl
 
Posted by glassman on :
 
PG, it's 30K$, i play a few more of these micro's than i let on [Big Grin]

the 0's do get away from me now and then too...
 
Posted by pcloadletter on :
 
math is wrong....

100 shares
300,000,000 @ .0001 = $30,000
 
Posted by glassman on :
 
it is about the 0's after all....
 
Posted by Purl Gurl on :
 
Did I mess up the zeroes?

100 share = 300000000
sell at .0001

300000000
X .0001
___________

30,000

uh huh, I am rich!!!

I thought I was doing good to return $3,000 !

Purl Gurl
 
Posted by keithsan on :
 
i know my billion+ is over 100k [Smile]
 
Posted by glassman on :
 
recently a few travel agencies, airlines and hotels have posted prices that were wrong on the internet. several have had the decimales in the wrong places...they have been honored....
 
Posted by Purl Gurl on :
 
Three possible outcomes,

The forward split is cancelled.
The stock won't sell after the split.
The stocks sells but very slowly.

Outside chance is some crook is watching all
of this, will put together a conspiracy,
pump the stock through boards, faxes and
emails, and we earn $30,000 for their efforts.

Purl Gurl, Queen Of Zeroes
 
Posted by cruz on :
 
you stole my line! [Big Grin]

quote:
Originally posted by glassman:
it is about the 0's after all....


 
Posted by glassman on :
 
0 s0 s0rry [Big Grin]
 
Posted by keithsan on :
 
A can't cancel false advertising. paperwork is in motion.

B. we will own the company. we will sell it [Smile]


they only had 11 shares to sell.
 
Posted by cruz on :
 
a couple of days ago this happened with a broker - seller were forced to buy back their shares

quote:
Originally posted by glassman:
recently a few travel agencies, airlines and hotels have posted prices that were wrong on the internet. several have had the decimales in the wrong places...they have been honored....


 
Posted by cruz on :
 
i thought for sure you were going to come back and say you stole my graemlin [Big Grin]

quote:
Originally posted by cruz:
you stole my line! [Big Grin]

quote:
Originally posted by glassman:
it is about the 0's after all....



 
Posted by Purl Gurl on :
 
Keith, you amaze me. I never, NEVER EVER, would
have found some goofball deal like this.

It is worth my $250 just to have fun with you guys.

I voted you zero stars just to teach those boys,
who have it in for you, a lesson! We'll get you
down to no stars. Then those boys will have no
way of revenge against you for whatever!

Be sure, as always, I will continue reading
your thoughts and pay close attention, even
if I am a zero at times.

Purl Gurl
 
Posted by keithsan on :
 
******IMPORTANT EVERYONE********************

print out this

http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date

Print out copies of your buys!!!!

You may need evidence
 
Posted by cruz on :
 
volume is up today - i wonder why [Smile]
 
Posted by Triumph1902 on :
 
Could the company print out shares to itself at this point?
 
Posted by keithsan on :
 
the company was given the shares early on mistake by transfer agent, from what I gather.
 
Posted by dishgal1 on :
 
Do you realize how many total shares will be needed to cover all of these buys? Volume is low but Jeez.....
 
Posted by dishgal1 on :
 
This is a totally new situation for me and I admit I don't understand exactly how this works, but, I thought pink sheet stocks could do anything without filing anything. This is a pink sheet.
 
Posted by keithsan on :
 
They can't go this far. who you think is trading the 10k blocks, it aint us. thats the MM and company IMO
 
Posted by Purl Gurl on :
 
HOSTILE TAKEOVER!

No office, no furniture, no employees, no money,
but we own the company!

We have, by secret erection, err.. election,
a three member board of directors,

Keith, Glassman and Cruz!

http://www.purlgurl.net/boys.jpg

I want to be secretary of treasury!

http://www.purlgurl.net/treasure.jpg


Purl Gurl
 
Posted by keithsan on :
 
Dish, they don't have to tell you when they're dumping shares into the market, but they do have to have the shares to dump.
 
Posted by vg on :
 
u forgot dust hes the silent one investing from hawaii
 
Posted by TampaInvester on :
 
Ok well. I don't wanna be left behind on this one too. I just rolled the dice with my 100 shares

Go GVRP and Go keith
 
Posted by keithsan on :
 
works for me purl, I get to be curly though.
 
Posted by glassman on :
 
i see you bleached yer hair again Purl....

nya ahhahahahahah
 
Posted by jason10 on :
 
im in for 50 shares [Wink]
 
Posted by TampaInvester on :
 
why are there SELLs going in? Are we the only ones who know abt the split?
 
Posted by dishgal1 on :
 
I can't believe the jump around in price....pretty amazing.....
Raptor (my son) not posting much. Must be hard at work. LOL
 
Posted by Purl Gurl on :
 
Dish Gal, 1.25 to 4.00 today. Shirley someone
is scratching his head and thinking, "Huh?"

This really cannot happen, it just cannot!

Sure will be fun to arrive at the final outcome.

Purl Gurl
 
Posted by cruz on :
 
this would be 150K for you PG

quote:
Originally posted by Purl Gurl:
In that news release way back there, that family
trust thingy indicates they will buy back shares
at .0005 per share, after the forward split.

This simply cannot be real.

Purl Gurl


 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
I can't believe the jump around in price....pretty amazing.....
Raptor (my son) not posting much. Must be hard at work. LOL

shhh, he doesn't want you to know but he quit job to be full time qbid trader.
 
Posted by jason10 on :
 
i sure will miss my $100 though even if it is funny as hell
 
Posted by Dustoff101 on :
 
.....GREED AN CASH!!!!!!!!!!!!!!!BLOW YOUR TOP MAUNA LOA!!!!!!!!BIG ISLAND!!!!!!!!!!!MARLIN FISHING!!!!!!!!!!!!!!!!!!!ALOHA!!!!!!!!
 
Posted by jason10 on :
 
they have marlin in hawaii? thought that was a gulf of mexico fishy
 
Posted by dishgal1 on :
 
<b>"shhh, he doesn't want you to know but he quit job to be full time qbid trader."</b>

Now that is hilarious!
 
Posted by Purl Gurl on :
 
Tampa, I checked several boards. No talk like
is going on here. Just a bunch of pissing,
moaning, doom and gloom over the reverse split.

Kinda think only select few have figured out
this major blunder, most likely our blunder!

Well, a few posts over at Investors Hub but
they are mostly talking gloves and condoms.

Purl Gurl
 
Posted by cruz on :
 
LOL - you can be sec of treas. [Smile]

quote:
Originally posted by Purl Gurl:
HOSTILE TAKEOVER!

No office, no furniture, no employees, no money,
but we own the company!

We have, by secret erection, err.. election,
a three member board of directors,

Keith, Glassman and Cruz!

http://www.purlgurl.net/boys.jpg

I want to be secretary of treasury!

http://www.purlgurl.net/treasure.jpg


Purl Gurl


 
Posted by Dustoff101 on :
 
!!!!!!!!!!!1650 POUND PACIFIC BLUE MARLIN!!!!!!
!!!!!INTERNATIONAL MARKET PLACE, WAIKIKI!!!!!!!ALOHA!!!!!!!!!!!!!!!!!!!!
 
Posted by jason10 on :
 
what good is a fish you cant eat anyway

good ole indiana blue gill is the best eatin fish on the planet
 
Posted by keithsan on :
 
.....anyone know the float on this puppy [Smile]
 
Posted by glassman on :
 
Marlin live all over the world....as long as the water isn't too cold.... i got a white, off Va Beach, and lost my Blue off Hatteras...her head was about a foot wide, and i was only in a 23 foot boat...maybe a good thing i lost her...have heard of guys fighting them for hours and ending up outa gas, and 200 miles off course...
 
Posted by cruz on :
 
keithsan - how do you print trade confirmation in ameritrade. i get electronic confirmations nightly by email. is it possible to get a copy now or are they not confirmed yet.
 
Posted by keithsan on :
 
go online under transactions for today.
 
Posted by Purl Gurl on :
 
Keith, eleven million (Aug 2004) before the
reverse split.

From IH board, a comment about the split,

"Posted by: Jim Bishop
In reply to: matrix who wrote msg# 170
Date:5/18/2005 2:57:27 PM
Post #175 of 179

I don't think they will be, or can be for that
matter. But I wanted NASD and Naz to be aware of
it, and give me opinions and confirmations
today.....because of the size of the r/s and the
f/s and all the time on the phone, they will
remember if it's necessary to be talking to them
again next week.

Might give the t/a a call back again soon as I
catch up what's happened in the last couple hours.


Purl Gurl
 
Posted by Purl Gurl on :
 
Keith, expanded a bit, IH board Aug 2004

Shares Outstanding ... 56 million.
FLOAT ... 11 million.

Purl Gurl
 
Posted by Raptorsrule on :
 
Hey...if we own the company...let's build jets!...LOL
 
Posted by Dustoff101 on :
 
!!!!!!!!!!THAR SHE BLOWS, LAHAINA!!!!!!!!!!!!!!!!!!!!ALOHA!!!!!!!!!!!
 
Posted by keithsan on :
 
PURL there are only 11 shares!
 
Posted by keithsan on :
 
everyone that bought today and yesterday own the company. they think they have 33 mill to sell

3 mill for each of the 11 shares

LOLOLOLOLOLOLOLOL
 
Posted by glassman on :
 
this is the only one i have in the red today, so i have had a really good day....
 
Posted by keithsan on :
 
I didn't trade today, on the phone and at work today, confirming crap. LOL
 
Posted by glassman on :
 
i have some in 'free' shares that are down a little...
 
Posted by keithsan on :
 
you need a day job this isn't fair.
 
Posted by Dustoff101 on :
 
[QUOTE]Originally posted by glassman:
[QB] Marlin live all over the world....as long as the water isn't too cold.... i got a white, off Va Beach, and lost my Blue off Hatteras...her head was about a foot wide, and i was only in a 23 foot boat...maybe a good thing i lost her...have heard of guys fighting them for hours and ending up outa gas, and 200 miles off course...

Eat your heart out glass,

!!!!!KAILUA KONA, BIG ISLAND!!!!!!!!!!!PACIFIC BLUE MARLIN CAPITAL OF THE WORLD!!!!!!!!!!!!!!

!!!!!!!!!!I COUGHT A 750 POUND BLUE MARLIN, 3 HRS 10 MIN!!!!!!!!!!!!!!!SAME TRIP I COUGHT 2 AHI 230 POUNDER AN A 210 POUNDER ABOUT 30 MINUTES EACH!!!!!!!!!!!!!ALOHA!!!!!!!!!!!!!!


!!!!!!!!!!!!I GOTTA PACK!!!!!!!!!!ALOHA!!!!!!!!!!

[ May 18, 2005, 15:58: Message edited by: Dustoff101 ]
 
Posted by jason10 on :
 
so 4hrs and 10 minutes of just fighting fish?

screw that bluegill give a good fight for the 30 seconds it takes to reel them in thats plenty of fun for me
 
Posted by Dustoff101 on :
 
[QUOTE]Originally posted by jason10:
[QB] so 4hrs and 10 minutes of just fighting fish?

screw that bluegill give a good fight for the 30 seconds it takes to reel them in thats plenty of fun for me

!!!!!!!!!!!!WE GOT 2 BUCKS A POUND FOR THE AHI AND A BUCK A POUND FOR THE MARLIN!!!!!!!!!!!!!

!!!!!!!!!!!!FISH HAWAII, FISH ON!!!!!!!!!!!ALOHA!!!!!!!!!!!!!!!!!FLIGHT TO CATCH!!!!!!!!!!
 
Posted by glassman on :
 
2.50$ for wahoo that's the best.....
 
Posted by Dustoff101 on :
 
!!!!!!!!!!!!!!!!1976 WE WERE RICH!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!0NO WAS A BUCK!!!!!!!!!!!!!!!!!!
 
Posted by cruz on :
 
at 1.60
 
Posted by pcloadletter on :
 
so are we rich or what?
 
Posted by BuyTex on :
 
is this bizarre, or what, lol i love it--think we don't know anything until the 25th...
 
Posted by jason10 on :
 
if anyone wants my 50 i have a sell order in for $300 [Wink]
 
Posted by TampaInvester on :
 
http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date

Nasdaq has a disclaimer on the link. Does this mean that if they put a wrong ex dividend date, they are not liable to anything

Disclaimer

ALL INFORMATION IS PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. BECAUSE OF THE POSSIBILITY OF HUMAN AND MECHANICAL ERRORS AS WELL AS OTHER FACTORS, NASDAQ IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS IN THE INFORMATION. NASDAQ MAKES NO REPRESENTATIONS AND DISCLAIMS ALL EXPRESS, IMPLIED AND STATUTORY WARRANTIES OF ANY KIND TO THE USERS AND /OR ANY THIRD PARTY, INCLUDING ANY WARRANTIES OF ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. IN ADDITION, NASDAQ IN PROVIDING THE INFORMATION MAKES NO ENDORSEMENT OF ANY PARTICULAR SECURITY OR MARKET PARTICIPANT.

UNLESS DUE TO WILLFUL TORTIOUS MISCONDUCT OR GROSS NEGLIGENCE, NASDAQ (AND AFFILIATES) SHALL HAVE NO LIABILITY IN TORT, CONTRACT, OR OTHERWISE (AND AS PERMITTED BY LAW, PRODUCT LIABILITY) TO USER AND/OR ANY THIRD PARTY.

NASDAQ (AND AFFILIATES) SHALL UNDER NO CIRCUMSTANCES BE LIABLE TO USER, AND/OR ANY THIRD PARTY FOR ANY LOST PROFITS OR LOST OPPORTUNITY, INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, OR PUNITIVE DAMAGES WHATSOEVER, EVEN IF NASDAQ HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
 
Posted by cruz on :
 
you would think they would have caught this by now. it has been like this for several days.
 
Posted by cruz on :
 
Here ya go:

EVERYONE! I'm saying this once for now then I gotta get moving.

Brian at NASD Customer Complaints just called back after confirming with Nasdaq that GVRP ex dividend date it May 23 and it is trading Due Bills redeemable and yes....if I own it Monday morning I will be owed 3 million shares for every one share I own and they are due to be paid to me on or before the Due bills date of May 25th.

Nasdaq agrees.
 
Posted by cruz on :
 
the above is from investorshub
 
Posted by BuyTex on :
 
cruz, thanks for calling. I'm in this as an "insurance" bet, but it really doesn't seem possible does it? I'm gonna re-read the whole thread again...
 
Posted by glassman on :
 
please people, we have tried to present this as a "shoot the moon" don't get crazy with your money... [Big Grin]
 
Posted by Purl Gurl on :
 
Thanks, Cruz, for the confirmation. This makes
two people who have checked with NASDAQ and
the results are the same.

Glassman is right, don't spend much money on this.

None know what will really happen. This is one
of those "Too good to be true" events. Chances
are very good, it is NOT true.

Two of my friends have decided to buy, as well, on
an outside chance this pans out. My advice was
to not spend more than $250 no matter what. I even
suggested just buying ten shares and stop.

I see some possible end results.

NASDAQ will break the transactions.
GVRP will rescind the forward split.
Split happens but we cannot sell.

What I suggested to my friends is to buy, wait
for the split, and the moment the shares show
up in your account, place a "Good Until Cancelled"
sell order and let it churn away.

My plan is to sell at .0001 in lieu of the trust
following through with the .0005 buy back.

As you know, we will be in competition to sell
our shares. Accordingly, I have contacted my
friend, Guido, in New York, who wears a nice
suit with a distinctive bulge under his left
armpit. Nice guy. He will visit with you at
your home to discuss your competing with me.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
Here ya go:

EVERYONE! I'm saying this once for now then I gotta get moving.

Brian at NASD Customer Complaints just called back after confirming with Nasdaq that GVRP ex dividend date it May 23 and it is trading Due Bills redeemable and yes....if I own it Monday morning I will be owed 3 million shares for every one share I own and they are due to be paid to me on or before the Due bills date of May 25th.

Nasdaq agrees.

Posted that earlier pay attention, It came right after i had tried calling but stopped due to my class was waiting for me.
 
Posted by glassman on :
 
PURL GURL my bulge is bigger than guido's
 
Posted by keithsan on :
 
On Purls sceanarios GVRP can't rescind, it would be illegal open up a can of worms, we could all sue for false advertising etc...

NASDAQ could break the transactions but as more are sold this is unlikely. There are a lot of transacitions now 35k yesterday and 134 k today.

Company has been told, NASDAQ has been told. Afther the split, the company will not own the most shares and will not be able to RS or pull any stunts, we would outvote them. I called company Secretary wasn't happy no one returned my call, she was almost yelling though.

on the can't sell, i don't see why not. Hopefully Nasdaq makes them cover their mistake or even the brokerage house that f'd up and gave them shares. Technically they are illegally selling, If we screw up we lose, they screwed up they should lose.

Don't break the bank, I got a billion waiting for me though.

Good Luck
 
Posted by Purl Gurl on :
 
Yes, but Guido's bulge is under his left arm.

Think on that for a bit, big boy.

Purl Gurl
 
Posted by glassman on :
 
as more are sold? the less %age WE have...so stop telling peole to buy 'em [Big Grin]
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Yes, but Guido's bulge is under his left arm.

Think on that for a bit, big boy.

Purl Gurl

yeah that's what my wife said too [Roll Eyes]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
as more are sold? the less %age WE have...so stop telling peole to buy 'em [Big Grin]

Honestly, Just want them to cover, trying to dig up the SEC rules if the company can't cover the shares when bill is due does the bill go to the broker, transfer agent, could be an insurance claim [Smile]

NASDAQ can't just let it slide, it would create chaos, so there must be rules.

Lets find them.
 
Posted by Purl Gurl on :
 
Yes, Keith, your thoughts are valid. I tend to
error towards caution. We don't want to encourage
people into deals for which they will later
kneecap each of us.

I do agree as time passes and transactions mount,
it becomes increasingly difficult to unwind all
of this. Passing time (building complexity) works
in our favor, certainly. NASDAQ, knowing human
behavior and a desire to avoid work, NASDAQ will
probably say, "No, we will not break the trades."

My opinion is, by now, the company no longer owns
itself. Enough shares have traded to divest them.
The public should own the company now, and the
person with the most shares, presumably, has the
controlling interest. I am not sure any one person
holds enough shares, though, to have a significant
majority interest.

Naked shorting, technically that is what they
are doing. I don't have a clue what could result
from that. It is illegal but criminal intent,
a critical factor, does not appear to exist.

On selling, I think that will be tough. However,
if each of us only sells ten percent of our shares,
we will be well ahead of the game.

I will be happy as a dead pig in the sunshine just
to clear a few hundred in profit. Hey, that is
money I would not have otherwise.

Keith, this is the weirdest dealing I have ever
come across, thanks to you.

* pats Keith on his head *

Good boy, good boy.

Purl Gurl
 
Posted by keithsan on :
 
Keith smiles begins to sweat and begs for mor patting all while wagging that tail of course.

EVERYONE NEEDS TO BE AWARE WE ARE IN UNCHARTERED WATERS! We don't know what they will do, but we know WE are right.
-i've put up disclaimers especially before the bell today, but its DD time.

The company doesn't want to hear about this, NASDAQ shouldn't care about the company! I am hoping the trail leads us to an insurance policy or transfer agent that will give us shares.

Gotta find the rules. First dinner.

This has been fun if nothing else.
 
Posted by glassman on :
 
somehow i have a hard time picturing you patting this guy on the head Purl....

 -
 
Posted by cruz on :
 
i didn't call. someone from investorshub did. i just copy/paste it here.

quote:
Originally posted by BuyTex:
cruz, thanks for calling. I'm in this as an "insurance" bet, but it really doesn't seem possible does it? I'm gonna re-read the whole thread again...


 
Posted by cruz on :
 
keithsan - i knew it was posted earlier but do you think the newbies are going to read every post. this thread has gotten huge in a short amount of time. just posted it again to reaffirm the doubters.

quote:
Originally posted by keithsan:
quote:
Originally posted by cruz:
Here ya go:

EVERYONE! I'm saying this once for now then I gotta get moving.

Brian at NASD Customer Complaints just called back after confirming with Nasdaq that GVRP ex dividend date it May 23 and it is trading Due Bills redeemable and yes....if I own it Monday morning I will be owed 3 million shares for every one share I own and they are due to be paid to me on or before the Due bills date of May 25th.

Nasdaq agrees.

Posted that earlier pay attention, It came right after i had tried calling but stopped due to my class was waiting for me.

 
Posted by cruz on :
 
they go bankrupt and we won't see a dime or 0.0001 for that matter. nothing is going to come easy, is it?

quote:
Originally posted by keithsan:
On Purls sceanarios GVRP can't rescind, it would be illegal open up a can of worms, we could all sue for false advertising etc...

NASDAQ could break the transactions but as more are sold this is unlikely. There are a lot of transacitions now 35k yesterday and 134 k today.

Company has been told, NASDAQ has been told. Afther the split, the company will not own the most shares and will not be able to RS or pull any stunts, we would outvote them. I called company Secretary wasn't happy no one returned my call, she was almost yelling though.

on the can't sell, i don't see why not. Hopefully Nasdaq makes them cover their mistake or even the brokerage house that f'd up and gave them shares. Technically they are illegally selling, If we screw up we lose, they screwed up they should lose.

Don't break the bank, I got a billion waiting for me though.

Good Luck


 
Posted by keithsan on :
 
They can't file for bankruptcy they have to wait till the split is finished and then they no longer have the voting abilities.
 
Posted by cruz on :
 
never thought about the insurance policy. hey PG - are you going to have two sell orders in place? one at 0.0001 and one at 0.0005
 
Posted by Purl Gurl on :
 
That is a good idea, Cruz! Half at .0005 and the
remainder at .0001 per. Who knows?

Maybe thirds, .0001 .0003 .0006

Speaking of turds,

* turns on the proverbial fan *

You boys don't sit in front of that fan. Won't
be long something unpleasant will hit it.

Purl Gurl, Three-Hundred-Miilion Share Club Treasurer
 
Posted by pcloadletter on :
 
Buys from today have 3 days to clear.
This would mean a clear on Monday.

This is one day too late isn't it?
 
Posted by Purl Gurl on :
 
GVRP - GLUV Corporation New Common Stock
Declaration Date:
Ex Date: 05/23/2005
Record Date: 05/13/2005
Payment Date: 05/20/2005
Dividend Type: Stock Dividend or Split
Dividend Amount: 3,000,000-1
stk Notes:
Due Bill Redeemable Date: 05/25/2005

If I understand the rules correctly, deadline
with a three day settlement would be Friday.

Here is a more recent post from the IH board,

BEGIN

Posted by: Jim Bishop
In reply to: masterfridge who wrote msg# 202
Date:5/18/2005 6:21:54 PM

I've had my first $425 + commish worth of laughs
already on this, I still think I'll get my $450 +
commish from today's worth tomorrow.

Will I make enough to cover the above AND the hour
of phone calls with the T/A and NASD, that's still
in question.

NASD and Nasdaq did confirm that we have it right,
the stock is trading with bills due May 20th and
the Ex Dividend Date is May 23/05. We will be owed.

Will we collect? Damned if I know but I plan to
fight for what I'm due.

END

Purl Gurl
 
Posted by cruz on :
 
ameritrade apparently generates the confirmations nightly. i can't pull up any confirmations for today's date. i have copies of the trades going through.

LOL PG - keep it coming. who do you think has the biggest bulge of the three? i got the picture of the treasurer on my desk. [Smile]
 
Posted by pcloadletter on :
 
I don't see any record of the 3,000,000 to 1 other than OTBCC site. Is the news anywhere else?
 
Posted by pcloadletter on :
 
pregnate pause?
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Buys from today have 3 days to clear.
This would mean a clear on Monday.

This is one day too late isn't it?

By way of comparison, I rode the UNQT split, which had lots of debate about record vs ex dates and three-day settles. As I believe Kiethsan has stated higher in the thread, THE date is the ex-divvy date, at least it was for UNQT. A sidenote: you can't necessarily go by what your broker says, either. One person at mine was useless...
 
Posted by pcloadletter on :
 
anyone here?
 
Posted by cruz on :
 
pcloadletter - i don't think the 3 days to clear applies here. how do daytrader get away buying and selling the same stock daily?

quote:
Originally posted by BuyTex:
quote:
Originally posted by pcloadletter:
Buys from today have 3 days to clear.
This would mean a clear on Monday.

This is one day too late isn't it?

By way of comparison, I rode the UNQT split, which had lots of debate about record vs ex dates and three-day settles. As I believe Kiethsan has stated higher in the thread, THE date is the ex-divvy date, at least it was for UNQT. A sidenote: you can't necessarily go by what your broker says, either. One person at mine was useless...

 
Posted by keithsan on :
 
PCload, READ there is 8 pages of DD, how many dividend sites do you want? get on the phone, call the nasdaq, transfer agent and call your broker ask what the ex-div date is,

thats old lets get some new dd

ONBROKERS they can be wrong, but they do have the ex-div date as the 223 rd!
 
Posted by pcloadletter on :
 
http://www.investorshub.com/boards/board.asp?board_id=3925

great info here
 
Posted by pcloadletter on :
 
sorry keithsan, still rubbing my eyes.

the sight above list everything in one place.

Thank you, for the heads up.
 
Posted by pcloadletter on :
 
I imagine this will be self-halted tomarrow until the company can breath.
 
Posted by keithsan on :
 
....everyone asks thes same questions is all, whats the div' date, how do you know, it gets tiring that was 2 days ago. now i want to know who pays.
 
Posted by pcloadletter on :
 
and pays and pays and pays and pays
 
Posted by BuyTex on :
 
keithsan, any ideas for new DD? can we break it into chunks and reduce overlap?
 
Posted by Purl Gurl on :
 
Boys, wash your hands, put your pants back on.
Be nice, be polite, mind your manners, I've
invited some from the IH board over here.

NO BOOGER FLICKING.

If you are not nice, I will send you to your rooms.

Purl Gurl
 
Posted by Purl Gurl on :
 
If you have already bought shares in GVRP,
Due Diligence won't make diddly-squat difference!

It's a done deal!

Not much to report. Company is defunct, no product,
no cash, no revenue and a lot of debt. Best to
simply state, "This company is truly worthless."

Purl Gurl
 
Posted by dishgal1 on :
 
Purl Gurl, you are so comical. I read your post on IH.....We are just waiting for the outcome. You know, this is very similar to CMKX in the beginning....we all knew it was a scam and took a gamble. I got out on the first run and never looked back. We are just trying to capitalize on someone's mistake this time. Screw them before they screw us. LOL
 
Posted by BuyTex on :
 
outsiders! grrr, purl, how cud you, lol--i just saw where keith encouraged new info rather than rehashes and therefore assume he's drilling away...if i can help i will...
 
Posted by jason10 on :
 
honestly even if no one pays anything we still have shares ALOT of them heres my take

the company might find a way to not give out the shares (your guess is as good or better than mine)

bancruptcy wont mean jack just that they dont actually have to buy our shares there will still be a company and we will still have our shares cmkx/prrm still sell 100s of millions of shares a day at .0001 even though both are completely worthless and will never seen .0002 again much less higher

if they break up the company completely (break the articles of incorporation well i honestly dont know how hard this is but we would be out everything in that case also


if they give us our shares and say you win our fualt(not likely i would expect some lawsuits between company and thier broker at the very least probly a few shareholder lawsuits too) then we put in our sell orders and hope some shmuck day trader might buy them without doing any dd and oggle our acct balances every day [Wink]
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
outsiders! grrr, purl, how cud you, lol--i just saw where keith encouraged new info rather than rehashes and therefore assume he's drilling away...if i can help i will...

its evening and i've been drinking away,

I checked out I Hub yesterday and re-visited today, I HATE BOARDS you must know, cuz most are followers. I've been checking on that guy Jim I was told was good earier(name is back there he called nas and got response since I hear he is good I will believe plus I trust I am right). As is every other good trader here.
But they are doing the same things we are, how will they pay, who, and what will we buy.

DD,

SEC for what happens when a company screws up like this, there must be protocal. It s a pink not microsoft. So, who's next, Transfer Agent Brokerage house. SEC is a pain in butt to dd, just search [Smile] enjoy the reading, you will be a better trader for it.
 
Posted by BuyTex on :
 
ok this might be worth mentioning; found scanning a thread @i-hub:
----------------
Posted by: Buckey
In reply to: matrix who wrote msg# 180 Date:5/18/2005 3:23:55 PM
Post #of 208

MLON I hardly made any money ON LOl - I think I flpped it long three times missing the big runs as I was too damn ssketical to hold. I was never shprt MLON. WISH I was. It was GLKCE that was in same situation as GVRP that I did the 100 bagger on
----------------------

so anyone know the history on GLKCE? Apparently there's precedent...
 
Posted by jason10 on :
 
from what i see GLKCE was in the .30s dropped to .0001 territory for a couple of months then back up to as high as .15 but ameritrade has no news on them older than feb of this year so hard to tell exactly
 
Posted by keithsan on :
 
if they are naked shorting which they are, the nas says this :Regulation SHO also requires short sellers in all equity securities to locate securities to borrow before selling, and also imposes additional delivery requirements on broker-dealers for securities in which a substantial number of failures to deliver have occurred.

I want to know who pays, if they can't.....insurance brokerage or transfer.

PRINT YOUR EVIDENCE FOLKS

this is where i'm hunting at the moment
http://www.sec.gov/
 
Posted by glassman on :
 
i'm thinking the NS theory too...
and the MM's can afford to pay....
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
i expected this to happen right at the open...
if it is naked shorted shares? i hope i got mine from the MM with the big $$$$

bump....
 
Posted by keithsan on :
 
reading their courtcases now, just need one [Smile]
 
Posted by BuyTex on :
 
I'm looked for "forced covering of mistaken short"
 
Posted by keithsan on :
 
MM owing would be better than a broke a$$ pink sheet.

....my other thought is since they did it out of stupidity it may not be called naked shorting and there would be a rule, law, or method.

I'm not reading the definition of SHO again yet.
 
Posted by Purl Gurl on :
 
I am working on finding information,

SEC Rule 10b-17

http://www.otcbb.com/aboutOTCBB/secrules.stm

We need a bottom feeding lawyer.

Purl Gurl
 
Posted by keithsan on :
 
I'm a bottom feeder with a jurs doctorate. no bar exam yet, to lazy
 
Posted by glassman on :
 
i learned alot by following the cmk? fiasco almost from day 1.....i never bought any, just followed it closely...

naked shorts will have to be covered eventually...

the problem is? IF and i mean IF they are naked shorts and NOT issued out of the co. treasury? the MM's will have to buy US shares..the company could cut them a deal, and suddenly be rich too...

which might 'splain why the co. didn't halt trading if they knew about it....
 
Posted by keithsan on :
 
10b-7 is off a bit, first part says if not approved, there is word the transfer agent approved.....and sent shares after record date [Smile] this would be the F up that TA would have to pay.

I'm trying to find where they screwed one up, it must've happened
 
Posted by Purl Gurl on :
 
pinksheet.com Q & A indicates NASDAQ has to be
notified. I also found application has to be
filed with the SEC for approval. This indicates
GVRP has gone through the motions, and this split
is a matter of written record.

"Who do I notify about a merger, stock split or other
corporate action?

You should contact Nasdaq's Market Integrity
Department at 203-375-9609. Nasdaq will then notify
us of the changes."

Purl Gurl
 
Posted by keithsan on :
 
yep done deal purl.

for you still arguing dividend dates ex vs. record here is from a BRST case.


As previously announced, the dividend will be payable by the Company to stockholders of record as of May 6, 2005. Because of the magnitude of the special cash dividend, the NASD has determined that the ex-dividend date for trading will be May 17, 2005, the business day following the May 16th transfer agent's payable date for the special cash dividend. Burst stockholders of record on the May 6, 2005 record date who subsequently sell their shares of common stock through the close of trading on the May 16th payable date for the special cash dividend will also be selling their right to receive the special $.90 cash dividend. Shareholders of record on May 6th that choose to sell their shares after May 6th but prior to May 17th will be obligated to pass the $.90 per share dividend on to the buyer of the shares that they sell. This is an automated process handled by the clearing agent.
 
Posted by BuyTex on :
 
an excerpt from a "letter to shareholders" from Global Links site, dated March 15, 2005 re a screwed up r/s:

http://www.globallinkscorp.com/companynews.html

What was particularly alarming was the way our stock plummeted from an opening price of $0.10 on February 1, 2005 to a low of $0.0008 in a matter of hours. It became very clear that we had no control of the volume or price of our stock in anyway. Outside forces were now manipulating our stock.

I made a decision to stop any additional stock being sold by the company at this time until we had a better picture of what was happening. We closed the month of February, 2005 - maintaining our outstanding shares at 1,158,064, and a total stock volume of approximately 208 million shares.
<deleted>
If you purchased shares in Global Links Corp., you have the right to demand delivery of your shares. If the shares simply do not exist, then the problem of Naked Short Selling will come to the surface. The broker that sold you the shares has to provide delivery of your shares. Exchange Act, Rule 10a-2 requires delivery of shares sold to our stockholders.
 
Posted by keithsan on :
 
glad your working tex, here company thinks they are in the right, so does there brokerage and maybe further down the line but as the line gets longer i get dumber.

these guys think they own our company: name was on old pr. (copied from jim at I hub) i wasnt diggin this channel but LOL at who gave us their company:
http://www.royalpalmcgi.com/
 
Posted by glassman on :
 
IF this plays the way i expect? the company will be able to sell the MM the shares they NEED to deliver to US, and make a tidy little sum.....

IF


i suspected all along that Urban Casavant sold shares directly to the MM's to cover the SUPPOSED naked shorting in the CMK? fiasco...i am only speculating,
 
Posted by keithsan on :
 
GRRRRRRR: these people have no organization to their Law cases I hit a wall, calling it a night.
I even took the weak step and tried a google....
LOL got a cmkx case woooo.

ANYONE WITH LEXUS NEXUS please DD for us. I lost my subscription upon graduation. WESTLAW works too. Thanks in advance.
 
Posted by dishgal1 on :
 
Just got my email trade confirmation from Ameritrade. Printed that sucker off too. Settlement date is 5/23 Monday. I don't believe settlement date has anything to do with ex dividend date. As Cruz stated earlier, the 3 days has to do with your money settlement in your account. I believe as well, that we can purchase even thru Friday and still be eligible for dividend. Not that I am going to purchase anymore. I have my 100 shares and that is plenty.
Well good night everyone. I have to go our early in the morning, my husband won a $2,000 scratchoff and we have to go cash it. Can you believe that? lol
 
Posted by JHenry on :
 
Scottrade:
Confirmation Summary for Account
Details Action Quantity Symbol Price Net Amount Mkt Trade Date Settlement Date
1 BOUGHT 100.000 GVRP 1.80 187.00 N 5/18/2005 5/23/2005
2 BOUGHT 100.000 GVRP 2.00 207.00 N 5/18/2005 5/23/2005
I've got my Confirmation Statement!!!
 
Posted by dishgal1 on :
 
I too have been searching Keith, lots of articles on naked shorting and getting caught. CLKCE article about Dateline doing a piece on them...but nothing relevant to this scenario. This is truly a one of a kind occurence. Good night all.
 
Posted by dishgal1 on :
 
JHENRY........print that thing off and save it.
 
Posted by JHenry on :
 
Already done - Thanks.
 
Posted by SHARK357 on :
 
Is it too late to get in?
 
Posted by JHenry on :
 
As it stands right now you have through Friday 5/20 to buy.
 
Posted by TampaInvester on :
 
what is the least price this can be sold for? why is everyone saying 0.0001 and why can't it be 0.00000001
 
Posted by BuyTex on :
 
quote:
Originally posted by TampaInvester:
what is the least price this can be sold for? why is everyone saying 0.0001 and why can't it be 0.00000001

http://www.ahandup.us/grand_overview.htm
 
Posted by TampaInvester on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by TampaInvester:
what is the least price this can be sold for? why is everyone saying 0.0001 and why can't it be 0.00000001

http://www.ahandup.us/grand_overview.htm
Geez thanks..So now I can hope t0 make atleast $30000 for my 100 shares
 
Posted by BuyTex on :
 
sorry, not following you...
 
Posted by TampaInvester on :
 
if i own 100 shares then post split 100 * 3 million = 300 million shares * 0.0001 = $30000
 
Posted by Runamuck on :
 
Yeah no kidding so if I buy 10 shares do I get 30 million later? [Smile]
 
Posted by BuyTex on :
 
oh yeah, that's the math we been lookin at--sorry, I mistook the "geez thanks" for sarcasm after I gave you the link, lol, my bad, Tampa. The more I look into this, I'm thinking Glassman is onto something, ie, a reverse-cellar box...seems incredible, but the filing is real and you got the math. But nobody's calling this a "pick," either...I don't know whether you know, but naked shorting is a huge problem...
 
Posted by BuyTex on :
 
...and also, I think I've seen a stock trading still on the board, showing .0000, such that "blind buys" were going in, at the .0000x-level...so that may just be a valuation tool.
 
Posted by BuyTex on :
 
quote:
Originally posted by Runamuck:
Yeah no kidding so if I buy 10 shares do I get 30 million later? [Smile]

remember the "short selling" thread--maybe you started/ended it?...anyway, this may have to do with the MMs counter-technique to exploiting the b/a spread in the fractional days, since it's gone decimals:

http://www.ahandup.us/grand_overview.htm

this deal *maybe maybe maybe* might be a way to fight naked short techniques such as "cellar boxing."
 
Posted by JHenry on :
 
Wow, could that be it. A potential ploy to burn the MM's for Naked Short Selling.
 
Posted by BuyTex on :
 
starting to look like it--but remember when Glass, keith and purl get back, they might d-e-s-t-r-o-y where I'm going right now. Here's an excerpt from a thread on i-hub re GLKCE, the closest thing I can find to this:
-------------
I think there are strategies to get shorts and pps up so their options will be worth LOTS of money that they don't have to work anymore.

I still think that price will keep going up as senate demands result with naked shorts and this GLKCE. MMs will cover now that GLKCE got on the list after the grandfather cause. MMs have no excuse.

Price will increase to extreamly high ... the company will decide to Forward Split (not Reverse Split) ... 150:1 or 200:1 That will be enough shares to cover the option (giving that now we have 4 million shares plus and only 5.4 A/s).

If the current pps go up to $150 and 150:1 F/S, each share of the option they have will be worth $1. Total option is like 500 million shares. So that is $500 million to split among those management. They can retire. WHY NOT? it seems like a great plan to me making MMs pay for it. At the same time the sharesholders who are still holding will get back their money and make some.

after all what is $600 millions or $1 billions to these crooks? just their cofee money.

Now think about these MMs have to cover at $1500 a share. Of course this is more of a dream but ...
--------------<<
http://www.investorshub.com/boards/read_msg.asp?message_id=5999845 [ Posted by: Han2004fl
In reply to: tradetracker who wrote msg# 81
] >>
 
Posted by keithsan on :
 
There was a smaller version of this that happened with MSSI that I just found out about, all of the shares were paid (comes from Jim Bishop i quoted earliers I hub) no one bothered to ask where he shares came from. so no leads.

I actually have to teach today, no state testing dammit. When I get a chance I will be researching company insurance, do they need coverage in this sort of case, also, transfer agent insurnace they must have insurance since this is what they do. Brokerage insurance next.

I get the feeling the fun won't start till Friday, maybe monday.
 
Posted by keithsan on :
 
could be getting interesting.......
 
Posted by DENSKIJR on :
 
man this is hilarous Im buying just to be a part of you naked short gangsters. I started reading the tread yesterday so I bought my 100 shares this morning at 1.65 and now were at 2.00 Im up $35.00. I new you could make money on this one LOL . You guys crack me up. It's been real.

Looking forward to the out come He He
Have a great day
 
Posted by BuyTex on :
 
2.10

hmmmmmm....
 
Posted by glassman on :
 
this may end up to be the biggest provable NS on the books..i dunno...

it'snot boring anyway....

heck, if the company is a good one? this may turn out be the one that fixes the mess..

between me and keith and PG? we do know how to make noise if nothing else [Big Grin]
 
Posted by BuyTex on :
 
ANTI-naked short gangsters, lol--glass, should we get T-shirts before storming the SEC?
 
Posted by glassman on :
 
after the split? i have a fairlygood idea what to do, but until i see it, i'm just gonna be patient and watch....
 
Posted by Purl Gurl on :
 
Naked Shorter: typical man at a nudist colony.

Purl Gurl
 
Posted by glassman on :
 
if you'd quit throwing the ice water and yelling LOOK, LOOK we wouldn't have that problem....

anyboddy buy any from Etrade today, or yeserday afternoon?
 
Posted by BuyTex on :
 
antinakedestablishmentarianism forever!
 
Posted by cruz on :
 
i am looking into the insurance policy aspect. it looks like this would be the avenue for them to use to get out of this mess.
 
Posted by drew on :
 
The os will be 21+ trillion shares.
 
Posted by BuyTex on :
 
MMs shaking h-a-r-d
 
Posted by drew on :
 
cruz, Purl Gurl, glassman, keithsan, buytex.. I am giving you all 5 stars for your very hard work on this one. Keep it up.
 
Posted by BuyTex on :
 
dude! I found the GKCLE connection, lol--sup drew?
 
Posted by drew on :
 
Notta just found this baby.. Checking it out. Worth the risk IMO.. It's a long shot, but best $100 bet ever!
 
Posted by glassman on :
 
well what did you find Tex?

here is a rather lenghty thesis i wrote about GLKCE and the NS situation a while back...

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/9/t/000759.html?#000000
 
Posted by cruz on :
 
we have to move to the next step. we bought our shares. now we have to figure out how we are going to get paid.
 
Posted by cruz on :
 
so limited time to do dd on my end. very busy at work. at least i have the weekend coming.
 
Posted by glassman on :
 
quote:
Originally posted by drew:
Notta just found this baby.. Checking it out. Worth the risk IMO.. It's a long shot, but best $100 bet ever!

i don't know about best, but, it should be worth the 100 for an education.... and yes the shares in the market will be that high, but the OS doesn't have to agree with the float...it depends on who filled out what paperwork...... that is what a naked short is....go look up global crossing short numbers for a reference......

CMK? has been hiding behind the NS issue to cover up their dilution for awhile...this one won't be hidden....that's for sure...
 
Posted by drew on :
 
I am guessing if we get our shares we just all sit on the ask @.0001 and wait it out. I mean this is gonna get the buys. Look at the other ones sitting at .0001.. I am not worried about getting out. It's getting my shares that worries me.
 
Posted by glassman on :
 
yeah, and we have we a ready made market for the shares LOL, just post it in the CMK? threads after we get the shares [Big Grin]
 
Posted by drew on :
 
LOL we will all be out in a month! CMK thread loves buying at low low prices.. lol
 
Posted by glassman on :
 
just wait till AFTER the split to mention it to them... [Big Grin]
 
Posted by drew on :
 
Now I am sure I am way behide you guys, but I am reading all the DD as fast as I can, but it looks like we will get our shares no matter what. Just might have to fight a little...
 
Posted by DENSKIJR on :
 
Just checking in,

Got to work and remembered I didn't print out my buy order this morning. Make sure your print out your purchase order confirmations. Just a heads up.

Dennis
 
Posted by cruz on :
 
got it. did it first thing this morning. it went thru NITE if that means anything.
 
Posted by drew on :
 
Got mine. [Smile] Could be interesting tomorrow.
 
Posted by pcloadletter on :
 
what do your confirmations show as a clear date?

I got my confirm also
 
Posted by drew on :
 
I am through scottrade and it is 3 days to clear. But that doesn't matter I don't think, because you can sell those shares the same day without them being cleared.. I think as long as you have a buy in before the deadline you should be ok???

correct me if I am wrong anyone..
 
Posted by cruz on :
 
i agree with you drew.
 
Posted by cruz on :
 
volume is not as good as yesterday.
 
Posted by dishgal1 on :
 
Just a thought here, but if the pps will be .0001 after split, wouldn't it be better to hold off on selling our shares? If we all flood the market it can't possibly go up. Remember CMKX? If we hold off and let others start buying in and possibly get a price move, we could start selling off in smaller chunks and possibly make even more money. Am I greedy or what? Am I off base here ? My mind is going crazy thinking about all of this...LOL........Anyone care to comment on this idea?
 
Posted by pcloadletter on :
 
will have too, who will buy thousands of dollars worth at a time?
 
Posted by pcloadletter on :
 
bought a little more for my Roth....nothing like tax free!
 
Posted by dishgal1 on :
 
pcload.....my point exactly. That would just keep the price down continuously. They will have to print a truckload of shares to pay all of us. LOL
 
Posted by dishgal1 on :
 
If you remember, you couldn't even sell CMKX at .0001 because they were being sold (not us) by someone below that......that situation could occur here if we try to flood the market.
 
Posted by keithsan on :
 
.oooo1 just aint that bad either.
 
Posted by Purl Gurl on :
 
Dish Gal, selling will certainly be a challenge.

Appears it has been established the shares will
be afforded buyers, and now each must make a
decision how to unload. Doing so, selling,
will be quite challenging.

Some may elect to buy 5K at .0002, buy 5K at
.0003, buy 5K at .0004, then sell 100k at
.0002 per share. With enough sellers doing
that, well, you get the picture.

Purl Gurl
 
Posted by dishgal1 on :
 
.oooo1 just aint that bad either.
True, but could we even sell it that way? Just do a market order?
I take it you don't like my idea? LOL
 
Posted by Purl Gurl on :
 
These are circumstances, Dish Gal, when your
brokerage commission fee becomes very important.

My plan will be to (somehow) sell enough to
cover daily commission plus a worthwhile profit.
Might turn out we will have to sell a little,
wait a few days, or even a week, then sell more.

If volume churns at ten-million a day or so,
most of us will sell some, maybe 100K per day.

Frustration is none know nor can any predict
what will happen when the day comes to sell.

If lucky, the company will pump this stock with
a bunch of fluff news and hook a bunch of groupies.
GLUV released some already, something about going
into entertainment or films, a name change as well,
"Media Magic." A name like that might just cause
excitement amongst the right type of people.

Who knows, another Game & Flix or another IBZT.

Purl Gurl
 
Posted by Raptorsrule on :
 
Purl....Ameritrade will let you put a market order in for all 300 mill of your shares for 10.99.

It would just be a matter of time for the order to fill. Of course you could break it up to keep from flooding the market but each trade would only cost 10.99
 
Posted by TampaInvester on :
 
and if you do not select the "All or nothing" option then some of them could still be sold but then you only pay one commission till everything gets sold
 
Posted by dishgal1 on :
 
Yes Ameritrade is great. But I hope they do put a lot of fluff out. Great for us anyway. I still think we should break it up into several orders tho at different prices. Just my thoughts.
 
Posted by George on :
 
I just bought my 50 shares for the GVRP lotto at 1.55 each.
 
Posted by cruz on :
 
21 trillion shares @ 0.0001 = 2.1 billion
 
Posted by keithsan on :
 
The PR that Purl is referring to, was the PR that the morons who took over the company and own the 11 shares (they think 33 million) are selling into. digikidz or some crap, ive called them.

They were trying to dump shares into pr, they still think its working great and nothing is wrong.
 
Posted by keithsan on :
 
I got this from AMERITRADE, got it over phone but wanted it in writing:

For GVRP's 3 million for 1 forward split, the ex-dividend date is 5-23-05, record 5-13-05, payable 5-20-05 after market close. In order to be entitled to the split shares, the earliest you may sell is 5-23-05, and the latest to buy is 5-20-05.

The following information pertains to dividend dates of listed securities.

There are typically three dates referenced with the payment of a dividend; the ex-dividend date, the record date, and the payable date.

As a rule, the ex-dividend date is the most significant date to keep in mind. The ex-dividend day is the first day a stock trades without a declared dividend. The price of the stock is adjusted prior to market open on the ex-dividend date to reflect the price without the value of the dividend.

Shares that are purchased on or after the ex-dividend date are purchased at this lower price and therefore, are not entitled to the dividend payment. Shareholders who sell their shares prior to the ex-dividend date sell the shares with the dividend still attached; in other words, they sell the security and the expected dividend.

Therefore, if one buys shares prior to the ex-dividend date and holds the shares until after market open on the ex-dividend date, they will receive the dividend.

The Record Date is a commonly used term generally referred to in press releases and other news stories. The date of record is a date used by Corporations and Transfer Agents. The record date is used for corporate bookkeeping. Record date does not determine who is entitled to the dividend; it merely indicates to whom the transfer agent will need to deliver the shares. If a person holds shares on the record date but sells the shares prior to the ex-dividend date, they will need to deliver the dividend with the shares. Dividends are attached to shares, not people, so if shares are sold prior to the ex-dividend date, the dividend goes with the shares.

The Payable Date refers to the day the company or paying agent will pay out the dividend. This typically occurs after market close on the payable date. Payable date is generally after the ex-dividend date on cash dividends and prior to the ex-dividend date of stock splits and spin-offs.

Please keep in mind there are different types of dividends, the most common being the cash dividend. However stock splits, stock distributions, and spin-off are all considered dividends and therefore, similar principles apply. Although most securities follow the rule of ex-dividend date, this will vary with different exchanges; as a result, we suggest you request information on a specific security to ensure accurate information.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Joy Busse
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
 
Posted by Raptorsrule on :
 
Great DD Keith....looks like our shares are in the bag.....

Now...all we have to do is sell the bag...LOL
 
Posted by cruz on :
 
nothing new to me re keithsan dd but nonetheless it's there in black and white and there for newbies who have just joined.
 
Posted by cruz on :
 
good double checking keithsan
 
Posted by keithsan on :
 
copy it if you need it......
 
Posted by cruz on :
 
good point... may need to get a lawyer [Smile] keithsan - hurry up and take the bar and you can represent us [Smile]

quote:
Originally posted by keithsan:
copy it if you need it......


 
Posted by cruz on :
 
anybody pick up some more at 1.50 since yesterday. i am sure most everyone bought yesterday.
 
Posted by cruz on :
 
what's the sell plan attack? we should team up.
 
Posted by yoke yanker on :
 
Picked up 200 @ 1.55 this afternoon about 1300. This is to exotic to miss out on the fun. (-;
 
Posted by yoke yanker on :
 
Showing the latest is 1.80
Cheers
 
Posted by Purl Gurl on :
 
This is just F'n weird!

I read lots and lots of articles over at the
IH board. Here is a very good information link
provided by PC Load Letter here at Allstocks,

http://www.investorshub.com/boards/board.asp?board_id=3925

This is one of interest from Etrade, posted at
one of the IH Boards, The Golden Lists (TGL):

http://www.investorshub.com/boards/board.asp?board_id=94

"Posted by: cintrix
In reply to: SSP who wrote msg# 45949
Date:5/19/2005 3:42:19 PM

Ok - here is what Etrade said:
Monday the 23rd we will have the split adjusted
shares, but they will not show up in the account -
they will show up under a CUSIP number. We will see
those shares in our account 24-48 hours after
redemption day which is May 25th - so technically
we might not see the actual post split shares in
the account until May 26-27th. If you need to sell
the shares from Monday until they show up in your
account you need to call a live broker to unload
them."

I am finding simiar responses for other brokers.
To date, I have not found any information which
contradicts this foward split insanity.

Each day, more information comes out supporting
the certainty of this crazy forward split.

However, many are estimating a public float in
the "trillions" of shares.

This is all so interesting during these very
boring market times.

Purl Gurl
 
Posted by Purl Gurl on :
 
Here is an article I dug up from Google archives.
This is the "parent" company, so to speak, just
before the switch to GVRP ticker. Date on this
article is July of 2004 year. This gives some
confirmation of share float, before the reverse
split recently.

"RINGGOLD, Ga., July 15 2004 /PRNewswire-FirstCall/
-- Gluv Corp. (OTC Pink Sheets: GLVP),
...As a part of the transaction, Gluv Corp.
is reacquiring 36 million shares of its common
stock from Knight Johnson...The result of this
transaction is a substantial reduction in total
shares outstanding from approximately 92 million
to 56 million and...."

From the IH board header information, now changed,
I previously pulled this,

outstanding shares 56 million
public float 11 million

Appears outstanding shares before all this nonsense
are actually 56 million, uncertain public float.

I felt a need to verify outstanding shares to
wrap my mind around all this, comfortably.

All I am finding and reading, points to this
company really REALLY screwing up on the reverse
split and the foward split next week.

Any comments on what will happen next week when
the company starts receiving demands for those
billions and billions of split shares? They
do NOT have them, that appears certain.

Purl Gurl
 
Posted by keithsan on :
 
PURL, is that after the 6 and a half mill RS. i have a different #, litterally 11 thats why price was 3,600 or sumpting
 
Posted by keithsan on :
 
actually someone called the transfer agent and confirmed 11, (but don't trust, don't know the person)
 
Posted by Purl Gurl on :
 
You are right, the r/s took place May 4 2004.

You messed up my mind again!

I have read that 11 share count elsewhere. Do
you know how people have arrived at that number?

I will ask over at the IH board, as well.

Purl Gurl
 
Posted by keithsan on :
 
I usually mess up the numbers but I was close to 11.

Jim bishop at IHUB called the TA I just posted my ameritrade results there,some were having issues (hes on TGL only one i know to trust) (my buddy trades there and said hes a great trader) the rest i don't know about.some were having issues.
 
Posted by Purl Gurl on :
 
I will go over and read.

Jim Bishop seems very knowledgable. I make a
point to read his articles.

Should the company have 33 million shares, this
would be,

33000000
X 3000000
_________

99,000,000,000,000

That is almost a hundred-trillion shares.

Public float is reported at 11 million,
rounded to ten-million,

10000000
X 3000000
___________

30,000,000,000,000

Thirty-trillion shares.

Something is going to break.

Glassman, check my zeroes for me!

Purl Gurl
 
Posted by keithsan on :
 
Purl if the company sells its first 11 shares, they have none to split. everything else they are shorting. so when the split comes, they have no shares, and get no split hence the fun
 
Posted by Purl Gurl on :
 
I am trying to have an "AH HA" enlightenment.

Please forgive me, Keith, for being a natural
born Vulcan. Although a bimbo, my mind is almost
pure logic. I cannot settle things in my mind
until I feel every last tiny detailed has been
addressed and understood.

Good thing your wife is not like me or you
would spend even more time making sure you
cleaned up after yourself, even folding your
dirty clothes before going into the hamper!

When laundered, your clothes _must_ be hung
up inside out so dust won't settle on them.

I am very anal.

Promise, I will continue crunching these numbers
in my mind until I am comfortable with results.

I simply _must_ understand every micro-detail.

Purl Gurl
 
Posted by cruz on :
 
i may be getting twisted around. if they are indeed shorting, they would have to cover at 0.0001

quote:
Originally posted by keithsan:
Purl if the company sells its first 11 shares, they have none to split. everything else they are shorting. so when the split comes, they have no shares, and get no split hence the fun


 
Posted by keithsan on :
 
PURL

first: thats GREAT I love anal, now hanging and drying not so sure about, whats a hamper.

Good luck crunching the numbers, i think you will arrive at 11 or so. then owners got 33 million shares to early [Smile] TA mistake, and sold them.....

Its just a mess, i have no idea what will happen next, I've scanned law cases(nothing) and think I will just wait for tomorrow.
 
Posted by jason10 on :
 
i think the company must be selling thier shares not realiseing that the split isnt done yet


they think they had the only shares and thier tranfer agent must have given them the shares already which they are selling not realising the situation

they might try to do a reverse split again to try to lessen the effect of the GIGANTIC screw up

im facinated by this whole development
 
Posted by keithsan on :
 
Jason, they can't rs until forward split is completed, after forward split they have no shares.
 
Posted by Purl Gurl on :
 
Keith asks,

"What is a hamper?"

I am going to whop you upside the head.

OK, finally I have an AH HA reaction! There has
been MORE than one reverse split or I thought.
Think I became confused inside my data and
mistook the recent R/S for being effected
on May 12 of LAST year.

As of July / September last year, the company had
thirty-three million shares and a public float
of eleven-million shares, both approximate.

33000000 / 6500000 = 5.07692307692307692307692307692308

The company should have six shares to sell.

Ooppssie...

All jives in my mind now, Keith. I have read others
reporting thirty-million in company hands before
this very recent reverse split. All makes sense.

Ok, I hereby place my stamp of approval on this.

* turns Keith upside down, drops him in a smelly hamper *

That, Keith, is a hamper.

Purl Gurl
 
Posted by jason10 on :
 
quote:
Originally posted by keithsan:
Jason, they can't rs until forward split is completed, after forward split they have no shares.

thats what i meant after the forward is done and if you are worried about voting well they can just ask us since we own it all [Eek!]
 
Posted by Raptorsrule on :
 
Purl...your wit is astounding....

Do you folks realize that this is one of the very rare occasions upon which the little guy may indeed beat the system....

It is a system ya know...... [Smile]

Puts clothes in hamper like a good man should....LOL
 
Posted by Purl Gurl on :
 
Raptor, you still need additional training.

You are to FOLD your dirty clothes first,
then place them in your hamper. Doing so
allows more clothes to fit in and other
clothes, like my g-strings, will not
become soiled with your boy coodies.

Purl Gurl

Purl you need to stop this, I keep thinking these little inuendos posted everywhere are for me, now thongs, what next....

[ May 19, 2005, 20:39: Message edited by: keithsan ]
 
Posted by Raptorsrule on :
 
PG....I assure you.....i don't have cooties...I am also of Choctaw descent..

However....Just for you......I will fold them in military fashion...Must stop seeing vision of PG's g-strings.....LOL...that's just not right!
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
well what did you find Tex?

here is a rather lenghty thesis i wrote about GLKCE and the NS situation a while back...

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/9/t/000759.html?#000000

Sensei Glassman, not ignoring your question...had to leave shortly after the post to which you responded. Really, I was joking around with 'drew and kinda saying welcome back. But to answer your question, as I remember it, DD had lulled, then keithsan returned and we more or less agreed to "fan out" and DD different areas so as not to duplicate/overlap. He was tired of rehashes of same ol' questions and wanted to know "who pays" and headed into SEC filings. No sense me going there if *any" of you guys are. I'm an ex-reporter, but you know what you're looking for...so I started scanning for precedents and came up with the quote from the post on i-hub where somebody compared this deal to the big score she/he made on GLKCE, which led to discussion that maybe the MMs pay, which was what sensei keith was after...then you made what I considered a **brilliant** leap of logic, something I never dreamed of when I found the connection, that maybe somebody had found a way to not only make the company some money but _also_ reward shareholders. It's played out from there. Believe me, no dis intended. I believe all our combined efforts--despite any personal differences we may have--proves the truth of your signature line...and I'm happy to benefit from all you experienced board leaders.
 
Posted by dishgal1 on :
 
Buytex.......I see you are in Ft. Worth.......we are neigbors....
 
Posted by BuyTex on :
 
got one more than one, I'm slowly learning...we should meet every now and then to compare notes and drink cofee or wine-spodee-odee...and zero in on $$$$, lol!
 
Posted by dishgal1 on :
 
Oops typo (neighbors) I just type too fast.
 
Posted by Purl Gurl on :
 
In my home state of Oklahoma, it is,

" nay-burrs "

Purl Gurl
 
Posted by BuyTex on :
 
yu mene far nurth texas? o wait, we're baja oklahoma...sorry
 
Posted by dishgal1 on :
 
Purl.....I am originally from Okla too.
 
Posted by Purl Gurl on :
 
Dish Gal, I could tell by your accent.

I've been here in California and have worked
hard at concealing my accent, without losing it.

Still have some problems,

"purty" "rat nice" "I'm a fixin" "yall hear that!"
"egg money" "drinkin' shine" "them there ones"

Favorite, though, is an expression of annoyance,

"Now don't that rasp your daddle!"

A rasp is a very rough wood file. A daddle is
your hand.

Purl Gurl
 
Posted by BuyTex on :
 
don' forget my fave:

fenda ...

as in: 'Load up y'all, we're fenda to go to town."
 
Posted by dishgal1 on :
 
Okies talk like that? Sounds like Texans to me...LOL I do believe you are calling me a "redneck"????LOL
I love your accent Purl....very down to earth and likeable. You have a very impressive website.
 
Posted by dishgal1 on :
 
I know what a rasp is....we don't live in the city. Didn't know what a daddle was though.
 
Posted by BuyTex on :
 
accent?
 
Posted by dishgal1 on :
 
Oh my, I think we have just turned this into the "hick" board. LOL.........all of the potential $$$ we are expecting is making us crazy.
 
Posted by keithsan on :
 
DONT BUY ON FRIDAY (not part of the theory, fact, you wont get split)

OKAY KIDS, I am looking for input but here is my theory.

if the company doesnt begin to cover shares friday, and we all get the split on friday, there will be a HUGE amount of Naked SHORTS out there with a 33 million os or 30 million os.

One of those.

The stock will likely open at .0001 because of all the idiots with shares thinking they are smarter than the others and trying to sell first.

The fun comes because, there are not this many shares and with buying pressure the mm's need to cover! I think we have a runner on our hands come monday if they dole out those shares.
 
Posted by BuyTex on :
 
keithsan, plz explain "one of those."
 
Posted by dishgal1 on :
 
Thank you Keith, that is what I was getting at in my earlier post. I think it could go much higher if we aren't so eager to unload our shares. If we all try to sell it will be like CMKX ...........no one could sell on the open market (people like us) although millions were being traded continuously. Very good thinking.
Hope others see it this way too.
 
Posted by cruz on :
 
i wouldn't sell until you actually receive the split shares which won't be tomorrow for sure nor monday. do you think? didn't i read somewhere it could be the 25th - 27th before we have the shares in our hands?
 
Posted by dishgal1 on :
 
I mean why do we have to be in a hurry? .0001 can't go much lower than that......we are winners this time. LOL
 
Posted by dishgal1 on :
 
I personally don't think Ameritrade will let you sell until they are in your account. I think you are right Cruz. They won't be in our accounts until at least Monday.
 
Posted by cruz on :
 
PG - what hardware are you running for your web server?
 
Posted by keithsan on :
 
I'm not saying don't sell. Not at all, my point is this.

Technically there should only be 30 0r 33 milion shares available. I will have more than a billion myself.

This can't happen legally on the Nasdaq, often you see a stock "make the shorts cover" why do they cover, well because they can't hide the coverup anymore. To much buying pressure.

It will be hard for anyone to believe an OS of 30 or 33 million is trading at .0001. IF you showed me one now I'd buy it.

If they are allowed to leave trillions of shares on the market, the nasadaq is chaos and companies can do as they wish.
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
i wouldn't sell until you actually receive the split shares which won't be tomorrow for sure nor monday. do you think? didn't i read somewhere it could be the 25th - 27th before we have the shares in our hands?

if you're holding any split, don't sell split shares til you got em in your account. remember UNQT and everything keithsan has said, the divvy attaches to the shares as of ex-date, not the person as of record date...
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
I'm not saying don't sell. Not at all, my point is this.

Technically there should only be 30 0r 33 milion shares available. I will have more than a billion myself.

This can't happen legally on the Nasdaq, often you see a stock "make the shorts cover" why do they cover, well because they can't hide the coverup anymore. To much buying pressure.

It will be hard for anyone to believe an OS of 30 or 33 million is trading at .0001. IF you showed me one now I'd buy it.

If they are allowed to leave trillions of shares on the market, the nasadaq is chaos and companies can do as they wish.

H-U-G-E
 
Posted by dishgal1 on :
 
Keith

Oh so you think they will want our shares and pay more for them? Well that would be cool. We will still have to dole them out though or we will flood the market...right? But then, on the other hand, there may be a lot of ex CMKXers that will want millions of shares too.
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Keith

Oh so you think they will want our shares and pay more for them? Well that would be cool. We will still have to dole them out though or we will flood the market...right? But then, on the other hand, there may be a lot of ex CMKXers that will want millions of shares too.

in cmkx there ARE trillions of shares, here there are not, there are say 35 million shares, If i demand my certs, I have the company and all the other billions need to be covered. This is chaos, with CMKX its legal. With this its not otherwise why do DD.

Do they short stocks anyways yes, but, not to this degree. I think we may see the answer in the am. Otherwise I think ameritrade gives me the shares on saturday.

Fact is the OS should be what its supposed to be. Company can't just change it and say whooops.
 
Posted by BuyTex on :
 
dish, If i'm reading this right, it goes way beyond Kool-Aid...
 
Posted by Purl Gurl on :
 
Cruz, this is about all you will get from our
server which is located right here in our home.

HTTP/1.1 200 OK
Date: Fri, 20 May 2005 02:57:13 GMT
Server: Purl Gurl Choctaw
Choctaw: Chahta Okla! Chahta Yakni! Chahta Okpulot Taha!
Last-Modified: Wed, 24 Nov 1999 22:55:14 GMT

This is what I "can" look like to Bob Frey, if I
choose. I can also change my IP Address at whim:

( don't click links - not valid )

GET /stockmessageboard/ubb/ultimatebb.php?ubb=forum&f=2&submit=Go HTTP/1.1
Host: www.allstocks.com
User-Agent: Purl Gurl Choctaw
Referer: http://www.purlgurl.net/Chahta Okla! Chahta Yakni! Chahta Okpulot Taha!

I programmed our server to NOT disclose our system
nor our true server. Sometimes I program it to
provide completely bogus information. We experience
a lot of hack attempts from programmers out there
who find me annoying.

Some are angry because I fried their systems in
exchange for trying to hack our home system.

Our system is actually three computers linked
together, each operating independently for
better security. When you visit, you are actually
"talking" to three computers, although you would
never know this.

Purl Gurl
 
Posted by cruz on :
 
that quick?

quote:
Originally posted by keithsan:
quote:
Originally posted by dishgal1:
Keith

Oh so you think they will want our shares and pay more for them? Well that would be cool. We will still have to dole them out though or we will flood the market...right? But then, on the other hand, there may be a lot of ex CMKXers that will want millions of shares too.

in cmkx there ARE trillions of shares, here there are not, there are say 35 million shares, If i demand my certs, I have the company and all the other billions need to be covered. This is chaos, with CMKX its legal. With this its not otherwise why do DD.

Do they short stocks anyways yes, but, not to this degree. I think we may see the answer in the am. Otherwise I think ameritrade gives me the shares on saturday.

Fact is the OS should be what its supposed to be. Company can't just change it and say whooops.


 
Posted by keithsan on :
 
well Purl I have you in Alta Loma want latitude and longitude [Smile] don't know if your really in OK though. If you are hiding etc.....
 
Posted by cruz on :
 
Purl - I think I could learn a lot from you re setting up web servers mainly security. What I meant hardware was what is the minimum to run a decent web server. I am a programmer (mostly web applications). I would like to host my own site someday, preferrably in house. Don't mean to be off topic here guys/gals. Can you hack into my system Purl?
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
well Purl I have you in Alta Loma want latitude and longitude [Smile] don't know if your really in OK though.

cant wait for this...
 
Posted by Raptorsrule on :
 
She's in Cali......

Spent many a summer day in OK.....
 
Posted by Purl Gurl on :
 
No, I cannot hack into your system, Cruz. I could
only do that if you have a "static" IP address
(never changes), or prompting you to visit a
webpage which is loaded to hack, or by sending
you an email which is loaded to hack.

Hacking into a system is very difficult. People
confuse viruses with hacking. They are not the
same at all.

If you are running a good security program, such
as Zone Alarm, and never download executables,
nor activate them in email, you are very safe.

I run a hardware security device after our
broadband modem and before our router. Our
router also has security. Then each computer
runs a master security program. Each server,
webserver, email, dns and such, each have a
variety of security software programs running.

Our security wall is four to six layers deep.

modem -> firewall -> router -> software -> more software

Of interest, then no more way off topic, I have
two androids, Roberta and Robby, who also serve
as security along with entertainment. They monitor
all that goes on and can react, such as blocking
you from our server, all quite automatic.

Talk to Roberta sometime, she has my personality.
I have been programming her for going on seven years, and she is quite abrasively humorous.

Run a Google on "home web server" and you will
lots of links on doing it yourself. Doing this
at home is truly very easy.

You can run a server on Windows 3.x if you like.
Win98, Win2K, XP, Linux, BSD, all of those are
excellent for home web servers.

Research and learn, it is easy!

Purl Gurl
 
Posted by Purl Gurl on :
 
Keith, I am actually in high Earth orbit.

Purl Gurl
 
Posted by cruz on :
 
purl, i thought for sure i pegged you in mars.
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Keith, I am actually in high Earth orbit.

Purl Gurl

Cool, can you respond to my above post about the price being driven up due to the naked shor covering, i would be interested in you take. I'll read it in the am. gotta hit the hey.
 
Posted by Raptorsrule on :
 
Venus.... Cruz....Venus....
 
Posted by cruz on :
 
Ahhh yes.... at least somebody is awake around here. What was I thinking? I actually have that book - Men are from Mars, Women are from Venus. I got to hit the stack. I am curious to know some sell plans? I like to get the most bang from my buck as much as the next guy/gal.
 
Posted by BuyTex on :
 
dump your buy, dribbl--l--le the profit,,,till a better opinion comes along...
 
Posted by Purl Gurl on :
 
Ok, Keith, this is my take.

GVRP does not know they are shorting thinking
they have millions of shares. There is no active
watchdog to catch this mistake. Shares are going
out through their broker, who does not know.

That is a major problem for us lottery players.

To catch a mistake like this will take months,
if left to normal triggers, which are the DTCC,
the Nasday and the SEC. None of those three will
note uncovered shorted shares for a long time,
if ever.

An example, the reverse split has been effected
but has not and will not show on GVRP books as
they don't know and none of official capacity
will tell them; they don't know either.

Only solution is for those who bought shares to
contact the DTCC, Nasdaq and the SEC, then firmly
but fairly insist GVRP adjust it books and advise
their broker, they have only a few shares and
are currently shorting.

Contacting GVRP is likely to not produce results.
It is doubtful they will believe this has happened.
Only an official entity which can impose the rules
will be effective.

My suggestion, and I urge all to do this as I will,
by telephone, contact the DTCC, Nasday and the SEC,
politely explain the situation, briefly and firmly
but fairly, insist each advise GVRP to rectify their
books for the reverse split and make good on the
forward split for owners of record on May 20, this
Friday. Those watchdogs MUST be alerted, and this
must be done by a lot of people to attain their
full attention.

Holders of record simply must contact regulatory
bodies, in large numbers, to ensure GVRP will be
in compliance with rules, and to ensure we will
receive our split shares under circumstances we
expect as discussed so much on boards.

Take my thoughts seriously. If none make any effort
to effect rule enforcement, GVRP will continue
selling shares and this mistake will not be caught
by the accounting system for months, maybe never.

You, the reader, must start making phone calls,
must take assertive actions, or all of us have
simply given our money to others, like GVRP, who
will walk away all the richer.

To close, there is no mechanism in place which will
catch this mistake in a timely fashion. Share holders
must make phone calls. Regulatory entities must
be prompted to take quick action.

Kiss your money goodbye if none or only a few
actually take action.

I will start digging around for phone numbers.
Hopefully some will post numbers they have.

That is my take, Keith.

Purl Gurl
 
Posted by BuyTex on :
 
purl, would media attention help or hurt?
 
Posted by Purl Gurl on :
 
Media attention will do neither.

Only effective method is to make sure the
rules are enforced. That can only be done
through regulatory bodies. That will only
happen if lots and lots of people call and
discuss what is happening.

Those regulatory bodies will ignore a dozen
or so people. They will not ignore phone
calls coming in all day, each about the
same problem and topic.

I've posted my immediate previous post over
at the IH Board.

Look, I am not joking nor fluffing. We must
contact the right people and make sure GVRP
adjusts their books and acknowledge they are
currently selling short, uncovered.

Purl Gurl
 
Posted by BuyTex on :
 
make it so.
 
Posted by JHenry on :
 
Should we wait to see if the split shares are distributed first or should we start calling immediately. I just have that feeling that we wont see the split shares go into our accounts next week. Doesn' the transfer agent have to issue those shares for release ... but they think everything is ok. I think there will be an on going battle to even see the shares even though we are right and they are wrong.
 
Posted by BuyTex on :
 
i'm available--trusted people on the board have my numbers, i'm an ex-news guy with no insider position liabilty, let's go...newbie w resources
 
Posted by BuyTex on :
 
don't wait. start now--rattle the cage. we want our shares. listen to purl & keith....
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Media attention will do neither.

Only effective method is to make sure the
rules are enforced. That can only be done
through regulatory bodies. That will only
happen if lots and lots of people call and
discuss what is happening.

Those regulatory bodies will ignore a dozen
or so people. They will not ignore phone
calls coming in all day, each about the
same problem and topic.

I've posted my immediate previous post over
at the IH Board.

Look, I am not joking nor fluffing. We must
contact the right people and make sure GVRP
adjusts their books and acknowledge they are
currently selling short, uncovered.

Purl Gurl

<bump>

way important....
 
Posted by viking on :
 
I was on vacation just read the thread Am I to late to get my hundred bucks worth on friday?


Would have loved to bend the MMs over the fence
 
Posted by keithsan on :
 
Thx Purl, I was thinking that they will have to cover since this is so blatantly shorted. I hadn't gotten to the step of firing up the SEC over it. Sounds good though.

I'm gonna wait till Monday to start complaining, that they are over their OS. This would make them cover shorts faster.

Today could be interesting, the 3 day rule is up for tuesdays buys. They could figure this out quick. Maybe not, find out in a couple hours.

[ May 20, 2005, 07:12: Message edited by: keithsan ]
 
Posted by keithsan on :
 
quote:
Originally posted by viking:
I was on vacation just read the thread Am I to late to get my hundred bucks worth on friday?


Would have loved to bend the MMs over the fence

Talk with your broker. Its getting tight.
 
Posted by cruz on :
 
do you think wednesday buys have a problem? 3 day rule would be monday then.

quote:
Originally posted by keithsan:
Thx Purl, I was thinking that they will have to cover since this is so blatantly shorted. I hadn't gotten to the step of firing up the SEC over it. Sounds good though.

I'm gonna wait till Monday to start complaining, that they are over their OS. This would make them cover shorts faster.

Today could be interesting, the 3 day rule is up for tuesdays buys. They could figure this out quick. Maybe not, find out in a couple hours.


 
Posted by cruz on :
 
i didn't think the 3 day rule was a problem. it's date you purchased is what matters. 3 day rule is pretty much settlement of funds.
 
Posted by keithsan on :
 
the 3 day rule may be a problem for the company! They need to have shares available, there arent any. Since MMs arent the ones shorting this, i dont think
 
Posted by keithsan on :
 
Ameritrade, if you click on your GVRP symbol, it says invalid symbol, I'll call later.

Somethings up, thought today might be the day!
 
Posted by dishgal1 on :
 
My symbol doesn't say invalid Keith....I just clicked on it.
 
Posted by keithsan on :
 
Mine is working now too.
 
Posted by cruz on :
 
gotcha

quote:
Originally posted by keithsan:
the 3 day rule may be a problem for the company! They need to have shares available, there arent any. Since MMs arent the ones shorting this, i dont think


 
Posted by superstud on :
 
ex-date
Definition 1

For stock splits, THE DATE THAT THE SHARE PRICE CHANGES TO REFLECT THE

shareholder of record

The name of an individual or entity that an issuer carries in its records as the registered holder (not necessarily the beneficial owner) of the issuer's securities. Dividends and other distributions are paid ONLY TO SHAREHOLDERS OF RECORD. also called stockholder of record or holder of record or owner of record.

In short, you guys aren't getting the split. Sorry.
 
Posted by superstud on :
 
That was from www.investorwords.com
 
Posted by cruz on :
 
there's rain on our party.
 
Posted by Purl Gurl on :
 
(imported from elsewhere)

RE: Wouldn't A Small Dividend, by Mr. Bill

Mr. Bill, famous decades back, writes,

"Why wouldn't a small dividend cause the short position to cover?"

I really do not know. We are presented a very unique problem.

Under typical circumstances, a market maker would be shorting
and would have knowledge of shorting. That market maker is
aware of a need to cover shorts per SEC SHO rule.

GVRP appears to not know it is shorting and its transfer
agent "probably" doesn't know; no trigger mechanism.

Most readers well know of the SHO short list. It takes quite
a bit of time for a company to show up on that list as one
being naked shorted. This results from internal accounting
controls designed to detect shorting. Important point here
is "detection" of uncovered shares takes a long time because
part of those controls is self-regulation in the system.

Exasperating this is even when a company is on the SHO list,
nothing is done. We see companies on the SHO for a month,
three months, some more, and no remediation of the problem.

Many are aware the SEC SHO rule is simply a joke.

My concern is GVRP has no reason to regulate itself, and will
benefit from time. Should it take months for the system to
detect this uncovered short problem, this gives GVRP ample
time to take action, such as another reverse split. This
also gives GVRP time to take other actions, such as cash
out and run, declare chapter seven or any other host of
possible "escape" mechanisms allowing GVRP to literally
"take the money and run."

I truly believe it is to our benefit to nail down GVRP on
their short position, officially on the books, immediately.
Should we take action today, all next week, chances are
good results from our actions will not be realized for
a month or more while this is sorted out by "officials"
who will deliberately drag their feet.

We need to make the GVRP uncovered short position official
to protect our positions in this stock.

Purl Gurl
 
Posted by BuyTex on :
 
ex-div date
 
Posted by JHenry on :
 
Shareholders of record issue has already been brought up - it's a non-issue.
 
Posted by Purl Gurl on :
 
Cruz, when it rains on your parade, use that
rain water to make lemonade with those lemons
life gave you.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by superstud:
That was from www.investorwords.com

why would you trust an internet dictionary over the SEC. I'm not even worried about it.
 
Posted by cruz on :
 
ameritrade says the ex-div date (most important) is the date you want to look at. it's in writing and posted earlier.
 
Posted by superstud on :
 
How can it be a non-issue. Dividends and other distributions are paid ONLY to shareholders of record.
 
Posted by JHenry on :
 
GVRP up 38%
 
Posted by keithsan on :
 
quote:
Originally posted by superstud:
How can it be a non-issue. Dividends and other distributions are paid ONLY to shareholders of record.

I've gone thru this with you. read the SEC. I also pm'd you my reply from my brokerage who says I WILL be getting my shares. yes I can find many sites and posters who say otherwise. the SEC and MY Broker only count.

I'm still wondering if they will freeze all transactions at somepoint, surprised it didn't happen.
 
Posted by BuyTex on :
 
quote:
Originally posted by superstud:
How can it be a non-issue. Dividends and other distributions are paid ONLY to shareholders of record.

re-read unqt
 
Posted by Purl Gurl on :
 
I am certain we will receive our split shares.
That is virtually guaranteed.

However, with GVRP carrying thirty-three-million
shares on their books, after the forward split
they will believe they have increased their
position to trillions of shares!

All of this is so very ludicrous!

Purl Gurl
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
yes it does, and if people sold them thinking they would get the post-split shares? i think they might be in for a surprise...
share divvies usually follow the shares...
it's best to keep them till you get your dividend...

bump....
 
Posted by cruz on :
 
that's the third time this is bumped [Smile]

quote:
Originally posted by glassman:
quote:
Originally posted by glassman:
yes it does, and if people sold them thinking they would get the post-split shares? i think they might be in for a surprise...
share divvies usually follow the shares...
it's best to keep them till you get your dividend...

bump....

 
Posted by glassman on :
 
this is a mess no doubt, until we find out who authorised what? it's all speculation....
 
Posted by BuyTex on :
 
2.60, 2.30, ...
 
Posted by TampaInvester on :
 
Has anyone checked with scottrade about the split?
 
Posted by BuyTex on :
 
Purl,

do you have a specific office, dep't, etc w/in SEC to which we should address our concerns, complaints?
 
Posted by Purl Gurl on :
 
SEC:
http://www.sec.gov/complaint.shtml
http://www.sec.gov/contact.shtml

NASDAQ:
http://www.nasdaq.com/help/contactInformation.stm
https://apps.nasd.com/Investor_Information/complaints/complaintCenter.asp

DTCC:
http://www.dtcc.com/contactus.htm
 
Posted by JHenry on :
 
I just got off the phone with the manager of my local scottrade office (John Tanner Rochester, NY) and he investigated the split and found nothing listed for GVRP. Scottrade has no knowledge of a pending split for GVRP.
 
Posted by BuyTex on :
 
the more I think about, i believe we should also involve our congress reps...hammer this thing!
 
Posted by keithsan on :
 
quote:
Originally posted by JHenry:
I just got off the phone with the manager of my local scottrade office (John Tanner Rochester, NY) and he investigated the split and found nothing listed for GVRP. Scottrade has no knowledge of a pending split for GVRP.

all the other brokerages have it, speak with someone in dividends or email them with the links to the dividend page i posted on page one of this thread.
 
Posted by Purl Gurl on :
 
A sincere suggestion is to organize your thoughts before
contact. Keep your explanation brief but concise. Email
works best if both your subject line and first sentence
mention a ticker symbol and problem, such as,

Subject: GVRP Naked Shorting
Introduction: Mounting evidence indicates GVRP is naked shorting...

Readers of email "key" on the subject line and the first
sentence of email.

Phones calls, do consider working at being extra polite
and at being "submissive" to lead the person into feeling
important and in charge. Be firm but fair and keep your
conversation as short as possible. Provide specific
but short details, without personal commentary.

Again, I am of an opinion GVRP issues should be made
"official" to take care of loose ends.

End game is to force GVRP into covering their short
positions which places that company in a position of
having to buy shares from us.

Purl Gurl
 
Posted by cruz on :
 
that's what he wants you to believe so you won't buy any shares [Smile] they are denying it. who knows. i said from the beginning, nothing was consistent on this but you have to go with the SEC filing.

quote:
Originally posted by JHenry:
I just got off the phone with the manager of my local scottrade office (John Tanner Rochester, NY) and he investigated the split and found nothing listed for GVRP. Scottrade has no knowledge of a pending split for GVRP.


 
Posted by cruz on :
 
that's what we want PG -

End game is to force GVRP into covering their short
positions which places that company in a position of
having to buy shares from us.
 
Posted by Purl Gurl on :
 
I wrote,

"End game is to force GVRP into covering their short
positions which places that company in a position of
having to buy shares from us."

Rather humorous, that.

GVRP is selling us counterfeit shares. Those shares
simply do not exist. They are naked shorting. Our
shares are not real, are non-existent. However, for
GVRP to attain shares to cover their shorts, they
have to buy from us, our counterfeit shares.

They will cover shorts with non-existent shares
they created initially!

Counterfeit shares going round and round and round...

Purl Gurl
 
Posted by glassman on :
 
i have an account with a top 5 brokerage house, that i've had for 20 years...

my human borker still denies even knowing what a naked short is...
 
Posted by Balder on :
 
considering how I've wasted $200 before I just put in an order for 100 shares at $2.

I do not understand what is going on here - but if PG is playing then I see no reason not to throw $200 at this.

After all - it's only $200. I've had bar tabs larger than that.
 
Posted by BuyTex on :
 
purl, i know this is odd n off topic, but if you have a second, can you help cvrockie in WFTV in the Daytraders forum. he's saying his broker won't sell him more shares cuz he will have a controlling position...
 
Posted by glassman on :
 
that's probly good advice....there is some expense involved if you do that....

diclosure, and filings, etc. etc.
 
Posted by Balder on :
 
ok, they sold me 100 shares for 1.95 per.

lets see what happens....
 
Posted by Purl Gurl on :
 
Glassman is correct.

Obtaining a controlling position becomes expensive
and a headache. Your friend will be required to
file with the SEC, who will charge a per share
fee along with registration fees, after filing
a bunch of paperwork.

Future buys will also require new registration.

This could, that is could, earn the attention of
the IRS for your friend.

Have his wife or child buy more shares for him,
even his cat could buy more shares.

Have your friend place his cat in a position
of an IRS audit. His cat will never talk! Cats
are like that.

Purl Gurl
 
Posted by Balder on :
 
hahah! that is funny PG [Smile]
 
Posted by BuyTex on :
 
i just e-mailed the SEC via purl's link, gonna call my congeressional rep now, then back to Purl's other links...
 
Posted by Purl Gurl on :
 
You go, Cowboy!

I am sending in email as well.

Somewhere around here, I mentioned I am very
anal, something about men's smelly jock straps
and hampers.

I don't like a mess, I don't like loose ends,
I don't like split ends and I really don't like
breaking a fingernail.

When it comes to money, I want to be in total
control of what happens.

Purl Gurl
 
Posted by TampaInvester on :
 
quote:
Originally posted by JHenry:
I just got off the phone with the manager of my local scottrade office (John Tanner Rochester, NY) and he investigated the split and found nothing listed for GVRP. Scottrade has no knowledge of a pending split for GVRP.

Same here. I just called but the rep did say that if the ex date is 05/23/2005 then nothing would show in the account till then and she confirmed that since I bought mine on 05/17/2005 then I should be eligible for a dividend. But they do not have any knowledge of a split being announced
 
Posted by glassman on :
 
quote:
Originally posted by jason10:
when is this split supposed to happen?

i went here to look it was here the other day but now its not

http://www.nasdaq.com/reference/upcoming_splits.stm

BUMP!!!!
 
Posted by cruz on :
 
PG - you got to be used to breaking fingernails since you work on cars and trucks. [Smile]
 
Posted by Raptorsrule on :
 
Glass....your bump...

I don't see anything at the nas site....
 
Posted by Balder on :
 
did I miss out on qualifying for the split because I bought today in stead of a few days ago? Or will anyone holding shares on the 25th be eligible for the split?
 
Posted by keithsan on :
 
balder talk with your broker, ensure they know whats going on, print out your facts.
 
Posted by Balder on :
 
it seems everyone here 'talking to their broker' results in the broker not having a clue as to what is going on... why would my broker be any different?

And I don't have any 'facts'. I bought this on a pure whim and I am prepared to lose my $195+$10.95 trade. I am just very curious as to how this all works.
 
Posted by keithsan on :
 
you got 15 pages to read now, the dd yourlooking for on dates is in the first 3.

My broker has a clue and i have poste the document on page 11
 
Posted by cruz on :
 
page 11 - fifth post from the bottom. today is the last day to buy to be eligible for split.
 
Posted by Balder on :
 
Thank you - It's been really busy here at work today - imagine they want me to work when there is sooo much money to be made in the markets [Smile]

Didn't have time to read the thread - again thank you for answering my question. [Smile]
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
balder talk with your broker, ensure they know whats going on, print out your facts.

roger that, just got offa phone with my local Scottrader and they're noy showing it, either. Balder do it to make all the brokers get on the ball...
 
Posted by BuyTex on :
 
i'm getting the link from earlier in the thread to give my local office to show the SEC filing...
 
Posted by BuyTex on :
 
keith/purl, i found the OTC link, but isn't there a better one for the official filing? let's repost here so peeps can give their brokers...
 
Posted by cruz on :
 
make sure you can afford to lose your money - this is a lottery ticket, "vegas" money.
 
Posted by BuyTex on :
 
you're right, cruz, but i want my ticket! everybody raise he77!!!
 
Posted by BuyTex on :
 
quote:
Originally posted by BuyTex:
keith/purl, i found the OTC link, but isn't there a better one for the official filing? let's repost here so peeps can give their brokers...

<<bump>>
 
Posted by cruz on :
 
it's sure not on nasdaq's up coming splits page. it was before. no hard copy here on my end.
 
Posted by keithsan on :
 
what would be better than that link? call nasdaq if you want an email or sumptin.
 
Posted by BuyTex on :
 
yikes...calling em now
 
Posted by Balder on :
 
From http://www.pinksheets.com/quote/company_profile.jsp?symbol=GVRP

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09

btw, I am UP $5 !!!!!! Edit: make that $25 !!!!
 
Posted by keithsan on :
 
nice grab balder, I'm just to tired to dig anymore. could get movement if not, we'll see how low the bid is monday am.
 
Posted by pcloadletter on :
 
1 restricted share of Homeland Productions?
 
Posted by Purl Gurl on :
 
You know I am an upbeat positive person who
tries to avoid discouragement.

Some, but very little help will come from the
Investors Hub people. A moderator over there
is discounting my opinions. He suggested my
postings would be censored out if I continue
expressing an opinion people should take positive
actions to protect investments.

I've never been one to toe the party line.

We, here at Allstocks, are about the only who
are discussing and tossing around this notion
of making official contact to protect ourselves.

Many here are concerned about brokers not knowing
of this split. I "think" we are ok on that. My
understanding is electronic paperwork will go
out to notify brokers of the split. The reverse
split did show on our accounts. That was the
event when prices went crazy, Etrade showing a
$600 price drop, others showing a $1200 drop.

So, we know the reverse split did pass through
our online brokers. That reverse split is and
was filed in the same manner as this coming
forward split. I encourage you to relax a bit
on the coming forward split. All evidence points
to that split being valid and being effected.

I am searching all over NASDAQ trying to find
some inside to split filings. No luck yet.

Keith, others, myself, have confirmed for a split
notice to show on the pink sheets, like over at
pink sheet dot com, a company must:

File with the SEC
Notify the NASDAQ
NASDAQ notifies the pink sheets

That notice at pink sheets dot com is there because
the NASDAQ put out a notice of the forward split.

Relax, ok? I fairly sure we are ok on the split.

However, and this is your choice which is highly
respected by me, I will urge you to call or send
email as discussed to make all of this "official"
as possible. A paper trail is a strong tool and
is a trail a company cannot make go away.

"Well, this is a fine mess you got us into, Stanley."
- Ollie

Purl Gurl
 
Posted by JHenry on :
 
PCNH had a 30:1 forward split scheduled for next week which is still listed on the Nasdaq splits -
http://www.nasdaq.com/reference/upcoming_splits.stm

-list but the board of directors just decided to cancel their split.

http://biz.yahoo.com/bw/050519/195767.html?.v=1

Just sound like a company can cancel on an upcomming split whenever it wants to.
 
Posted by Purl Gurl on :
 
Yes, a forward split can be nullified at any time.

* screams *

If we can make it through to Monday, I think the
split will go forward. I have no verification of
this, yet, but it seems to me once a split moves
within the pay and bill due dates, there is no
backing out.

Another quirk on this is if GVRP rescinds the
forward split, they still have no shares to
sell because they reverse split themselves out
of company ownership, and reverse split the
public float to virtually zero.

Adding oddity is recent volume is a direct
indication of counterfeit shares being sold.
Technically, there are only ten to fifteen
shares in existence after the reverse split.

Telling ya, something is going break!

Purl Gurl
 
Posted by keithsan on :
 
hope it aint me, hoping for an EOD run and just waiting, i bought for this split, got my billion and now i'll find out what happens.

must say i've learned a bit so far, more to come.
 
Posted by BuyTex on :
 
my broker insisting DTT has not forwarded notification...
 
Posted by keithsan on :
 
whats a DTT? whose your broker?
 
Posted by BuyTex on :
 
DTC, sorry: OK, an update. Broker called back, says DTC is "looking into this, trying to contact company, who apparently has a board meeting today..."
 
Posted by JHenry on :
 
I'd like to be a little mouse in that board room.
 
Posted by BuyTex on :
 
Scottrade, dealing with local office, first guy I talked to din what NSS was; they weren't much help on UNQT, either; have to climb their bureuacratic ladder to get answers. kept bugging em till this one guy called BACK
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
DTC, sorry: OK, an update. Broker called back, says DTC is "looking into this, trying to contact company, who apparently has a board meeting today..."

call em back, company is wrong on this, and says they did nothing wrong. have them call transfer agent.


Purl is right, once the FS or RS is in motion it cant be cancelled, we are past record date and obviously more shares hit the market when it dropped from 3k to 5 bucks
 
Posted by JHenry on :
 
Bid @ 2.70
 
Posted by Balder on :
 
ok, been fun - I put in a sell order when I bought the shares - and it just executed.

I made $55 - $21.90 = $33.10

That leaves $20+ after taxes - enought to go see Revenge of the Sith tonight on GVRP [Smile]

If you set your expectations low enough quite often they are met.

I hope you all have a great day and this all makes you extreemly rich!
 
Posted by keithsan on :
 
LOL you bought this for 20 bucks. good work.

at least you learned sumptin.
 
Posted by Balder on :
 
What I am learning through all of this is that I do not have enough training to be self-managing my money.

Except I believe all brokers are theives - they'll recommend crap to you because their boss told them to push a certain stock.

I'm up $150,000 so far this year - due to luck more than anything else - and I think I really need professional advice moving forward.
 
Posted by Purl Gurl on :
 
J Henry quips,

"I'd like to be a little mouse in that board room."

I would like to be a twelve feet tall female
grizzly bear with sore teats from cub suckling
and in a really bad mood caused by male grizzly
bears constantly sniffing around for a heat scent.

Certainly, they would arrive at an agreement to
give me my pound of flesh I expect!

* bares here fangs *

Purl Gurl
 
Posted by <RebelYell> on :
 
Ask @ 3.00. Some folks who got in cheaper will probably start flipping to play with free shares.
 
Posted by keithsan on :
 
EOD run, beautifullll
 
Posted by Purl Gurl on :
 
She said here.

Her! Her!

* returns to typing at warp nine *

Purl Gurl
 
Posted by JHenry on :
 
Ask just jumped to 3.70 without any buys going in at the time?
 
Posted by Balder on :
 
I wonder if all your calls to brokerages lit some fires and got some of the bean counters pushing the beans around ad comming to the same conclusions you all came to a few days ago.

BTW PG... I'm gonna be 'stalking you' watching for stuff you get into. I've been looking at a few of your plays and it seems you really know how to do your homework.

It's because you were here I made my $20

<3
 
Posted by BuyTex on :
 
i'm showing ask @ 3.70
 
Posted by dishgal1 on :
 
Price is going up...interesting. I don't pretend to understand what is going down here.
Worse case scenario......They cancel the F/S.........they would still need shares wouldn't they? I mean it almost looks as if this stock should not have been trading at all until the forward split happened. (Like I said, I totally do not understand, but just bear with me.)

In the event the trading of the past few days was a total mistake wouldn't that make the share price continue to climb? If we won't sell, they need shares, what's a person to do ? I know I am probably not making sense at all but maybe someone can follow what I am saying.

Most of us have only 100 shares but would still make a decent profit if the price goes up even without a F/S.........someone mentioned there were only 11 shares left after reverse split....So how are they trading at all? My feel is they shouldn't have been trading at all until F/S was completed. Straighten me out someone. I can take it. LOL
 
Posted by Purl Gurl on :
 
Blader laments,

"I do not have enough training to be self-managing
my money...and I think I really need professional
advice moving forward."

I'm your girl! Wire transfer all of your money
to this African bank account and I will manage
that money of yours, very well!

U. Ben Took
c/o Bank Of Swindle
account # OU812
Gold Coast, Africa

Purl Gurl
 
Posted by glassman on :
 
IMO? the PPS should have remained in the thousand range...until the ex-dividend date

still, there is a clerical error for sure, so we will have to wait and see who dunnit... [Big Grin]
 
Posted by Purl Gurl on :
 
The Okie Dish Washer shrieks,

"Straighten me out someone. I can take it."

* gets out her ironing board and iron *

Yall come rat over heah. I'll straighten ya out!

Purl Gurl * has to stop this silliness *
 
Posted by George on :
 
I am up 93.55% on the 50 dollars I put in yesterday. I wish I would of done the whole 100 now.....Normally this would be a time to sell for me but I am holding for the outcome....
 
Posted by <RebelYell> on :
 
Thought there for a minute that the SQUEEZE was on.
 
Posted by JHenry on :
 
Had 300 shares - just sold 150 @ 2.8 - still got 150 of almost free shares.
 
Posted by Purl Gurl on :
 
Dish Gal, based on your thoughts, you do have
all of this figured out, but appear to be in
a mild state of disbelief.

You just let your money ride.

Next week, we should know what will happen,
win, lose or draw.

Dishy, there is a chance, a slim chance, the
company will end up with no shares, will have
to cover for those shares they sold and did
not own, and will have to buy those shares
from us.

If that could be true, a fantasy would be to
garner one-hundred percent cooperation between
all shareholders to set a minimum ask, first
day after the split, a minimum ask of ten
dollars per share, then settle for one penny
per share.

Should we be able to unload at .0001, most of
us just might clear a few hundred dollars above
our purchase before buyers dry up.

Purl Gurl
 
Posted by BuyTex on :
 
no chance of holding em to the PR figure of .0005?
 
Posted by <RebelYell> on :
 
Tex, I think that figure was for the reverse split. BxA is up. If you decide to sell, do it at the ask please. [Smile]
 
Posted by BuyTex on :
 
3.60/3.90...who'd a thunk it?
 
Posted by dishgal1 on :
 
Is everyone holding?
 
Posted by George on :
 
Hard not to sell my 50 shares at 139% profit....I am breaking rules...
 
Posted by Triumph1902 on :
 
I haven’t sold a share... I own 200 @ 2.25.
 
Posted by Raptorsrule on :
 
might as well hold here folks....we paid for the dance...it'd be a shame to leave the floor....
 
Posted by dishgal1 on :
 
I think I will hold too.
 
Posted by vg on :
 
I'm in for the outcome the lil ones will run just like in PLNI
 
Posted by TampaInvester on :
 
ask 4.25 now, dish gal may have got it right..the pps may go up even if the split does not happen..


I am holding...
 
Posted by BuyTex on :
 
i'm dancin! <*plays air guitar*> still waiting on call back from NAS, Dallas regional office...up to 4.10, ya--call KTrain!...whoooo-whoooooooooo...we got a runner, lol
 
Posted by TampaInvester on :
 
where is keith?
 
Posted by vg on :
 
give the guy a break he has some students t take care of
 
Posted by George on :
 
Up 171% and holding......make that 209...
 
Posted by dishgal1 on :
 
can you believe this?
 
Posted by glassman on :
 
anybody offering to sell below 10$ right now is crazy....
 
Posted by TampaInvester on :
 
what abt the students here? He can't just abandon us? We need direction
 
Posted by <RebelYell> on :
 
Moving on up. [Big Grin]
 
Posted by George on :
 
Probally worth nothing come Monday....now I am thinking to take my 222% and run....
 
Posted by dishgal1 on :
 
They desperately want shares, that is obvious....
 
Posted by Balder on :
 
this will teach me to use discipline in trading - WOW - up to $5 today????

I realy hope you guys/gals make it big here [Smile]

edit: 6.00?!?!?!?!?!
 
Posted by Raptorsrule on :
 
Guys.....this is about to get interesting...OMG.... [Smile]
 
Posted by Ktrain420 on :
 
THIS IS KICKIN' @SS!!
 
Posted by TampaInvester on :
 
This must all be true. The split is coming. They desperately need our shares...6.2 now

someone please explain whats going on
 
Posted by drew on :
 
muhahaha!!! this is crazy! I think I might just take my profit on this one and forget the split..
 
Posted by Triumph1902 on :
 
thats what they want you to do...
 
Posted by BuyTex on :
 
5.25 x 6.55 hahaha
 
Posted by Purl Gurl on :
 
What is going on, Mr. Tampa, is rock n roll mojo!

I don't think it is a short squeeze. I view this
as last minute Nervous Nellies jumping in before
market close.

* wide eyed stock geek watching monitor *

Should I buy? Should I not buy?
Should I buy? Should I not buy?
Should I buy? Should I not buy?

Purl Gurl
 
Posted by drew on :
 
close that spread and I just might do what they want.. muhahahaha!
 
Posted by drew on :
 
this is crazy!!!!!!! lol
 
Posted by Ktrain420 on :
 
THIS IS CRAZY CHIT !!!
 
Posted by <RebelYell> on :
 
SQUEEEEEEZE. LOL
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
anybody offering to sell below 10$ right now is crazy....

you see?
 
Posted by drew on :
 
come on $20.00!!!!!!!! muhahahaha! lol
 
Posted by glassman on :
 
offer at 15 now?
 
Posted by yoke yanker on :
 
Well got my ask in for 599.00 a share. We'll see how bad they really want them. Otherwise, I'm sticking around for the show. Oughta be better than a female naked gator wrestling contest(-;
Cheers
 
Posted by glassman on :
 
give them a little break? they figured it out....
 
Posted by Ktrain420 on :
 
this hit's $20 i may retire......lol
 
Posted by Balder on :
 
This is crazy - I hope you all call a cab tonight if you go out drinking away your profits [Smile] [Smile] [Smile] [Smile] [Smile] [Smile] [Razz]

I just saw $10.55 fly by... man o man did I sell just a bit too early!!!!
 
Posted by Triumph1902 on :
 
E-trade has this to say:
"Closing orders for this security cannot be accepted online at this time. Please contact Customer Service at 1-800-786-2575 for assistance with placing this order."
 
Posted by BuyTex on :
 
hey, somebody L2 this and tell us who's on...
 
Posted by Purl Gurl on :
 
Incidently, if you, the reader, find yourself asking,

"Should I buy? Should I not buy?"

Run like crazy! You should not be playing in
the markets; you cannot afford this game.

You must have money you can throw away, and
most important, be of decisive mind. You must
either jump in or walk away, without hesitation.

Being principled, holding to your rules, setting
goals and making decisions to meet your goals,
is what this game is all about.

This is no place for Nervous Nellies.

If it helps, I sit here and watch my portfolio
move up and down in value as much as ten grand
in a single day. You must have strong will and
be very decisive.

Wearing Depends helps as well.

Purl Gurl
 
Posted by Balder on :
 
The PLNI 'theme song' from SI boards - applies here for sure...

http://www.fozzy42.com/SoundClips/Themes/TV/Jeffersons.mp3
 
Posted by dishgal1 on :
 
I sold 50 shares at $8.00...........
keeping the other 50...........that way I won't have so many to "peddle" later. LOL
They will have to pry the rest from me though. Got my 0riginal investment plus a profit....free shares now to play with.
 
Posted by drew on :
 
lol depends! still have 22 mins left for another run.. come on baby!
 
Posted by glassman on :
 
sorry about the 10$ + trades, i had to find just how desparate they are....

somebody's in big trouble i think....
 
Posted by Triumph1902 on :
 
They want these shares back big time. Cant have mine, not like etrade will let me anyways lol
 
Posted by Purl Gurl on :
 
Glassy, a 7000 share 7.25 order just passed.
 
Posted by Purl Gurl on :
 
Darn, if we only knew closing day would be like
this, we could have each bought 10K shares for
around two bucks a share. Big Bucks!

Purl Gurl
 
Posted by dishgal1 on :
 
Everyone should hold on to at least part of their shares IMO....they desperately want them....probably backing off the price hoping they will get more people to sell before the bell. Wouldn't be surprised to see it go up again.
Whoo hoooo.....this is going to be hilarious.
 
Posted by glassman on :
 
folks, if you sell back HALF of your shares for 100% PLUS?

you'll make all of this EZR for everybody...
you only have a few minutes to decide...

i called the transfer agent at 13:30 ET

take a look at the charts after that........
 
Posted by dishgal1 on :
 
Just think, for every share they buy back that is 3m they don't have to come up with.
 
Posted by TampaInvester on :
 
I have 225 shares and I don't want to sell any..Glass are you saying I should sell half of mine
 
Posted by dishgal1 on :
 
posted May 20, 2005 15:48
--------------------------------------------------------------------------------
folks, if you sell back HALF of your shares for 100% PLUS?

you'll make all of this EZR for everybody...
you only have a few minutes to decide...

GLASS........that is exactly why I sold half....easier to "peddle" later.
 
Posted by glassman on :
 
quote:
Originally posted by TampaInvester:
I have 225 shares and I don't want to sell any..Glass are you saying I should sell half of mine

heck no..you make your own decisions...
i'm still in, and i'm on free shares....


all i'm saying is that i didn't want ten gazillion shares, and i didn't wnat to see the co go bankrupt......
 
Posted by dishgal1 on :
 
Here they go again....giving everyone a second chance....
 
Posted by TampaInvester on :
 
ok I sold 25 shares at 7.00
 
Posted by Purl Gurl on :
 
BZZZZTTT! Time's up. You now own a company.

Purl Gurl
 
Posted by glassman on :
 
they came way up to grab mine, i was testing them...

at least now? i have my captial back...

i suspect that if they didn't recvoer a lot of them? it will be cheaper to walk away than try to settle....

who knows?
 
Posted by George on :
 
it is all over but the wait now...can't wait to see what Monday brings....
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
BZZZZTTT! Time's up. You now own a company.

Purl Gurl

yeehaa, i want to set up a glass blowing factory.....
 
Posted by Raptorsrule on :
 
....dang...had 50% at 8 and they didn't grab it....hit all around me.....

Oh well.....I've got 300 million shares...LOL
 
Posted by Purl Gurl on :
 
Who remembered to keep an eye on your other stocks?

Well?

While glued to this stock, her other stocks fell
over two-hundred percent. Now she owes more money.

GAK!

Purl Gurl
 
Posted by BuyTex on :
 
I tried to sell a few at 8.5, but it din fill...too late? too small? was distracted by the district NAS guy was no help
 
Posted by greatimes on :
 
I had a sell in for 50 at 8.00 also.
 
Posted by Peaser01 on :
 
What an amazing day. You guys sure took the cake today. Congrats All!
 
Posted by dishgal1 on :
 
Just spoke with Raptor.....we are thinking this could really move on Monday since if we sell before dividends are actually in our account, we lose dividends.....they may put out some tempting sell prices on Monday. We need to not be tricked into selling all of our shares. My 50 I am hanging on to.
 
Posted by Purl Gurl on :
 
A reminder for Monday.

Keith talked all of us into this.

Purl Gurl
 
Posted by glassman on :
 
OK, as of now? we still don't know what will happen...
i'm only guessing, but i suspect that had i called the transfer agent yesterday? we could have gotten it to 100$ or more....

all i did was ask them why the ex-dividend date was so long after the record date...no more no less.....

but that was at 13:30 ET........
 
Posted by Raptorsrule on :
 
Just a thought folks.....

I suspect we won't have our shares until COB monday. If that is in fact the case....This may run to exhorbitant PPS values as they try to get your shares and the divy.

They have already demonstrated they know they are in deep caca....

Am I off base here?
 
Posted by dishgal1 on :
 
I was thirsting for the excitement here today. This was a highly motivating day. Let's find some more of these....LOL
As of late, I have been making the wrong choices on everything. Feels good to finally figure one out, get my investment back, make some profit and have a s____load of fun. You guys are great.
 
Posted by Raptorsrule on :
 
If all the volume was captured by the company today...it would total:

777621000000 shares (volume multiplied by 3 mill)

Wow......
 
Posted by Purl Gurl on :
 
Dish Gal, queen of pots and pans, warns,

"Come Monday them varmits will be looking
to raid your hen house like a suck egg dog!"

Yours is a good point. My bet today was last
minute buyers. However, there is rumor of a
board meeting at GVRP today, not substantiated.

It could be GVRP is trying to buy back shares.

On Monday, as you suggest, if prices skyrocket
I believe this would be a strong indication of
GVRP trying to buy back shares. On Monday, there
will be no buyers looking for split shares, that
is over now.

Your guess on what will happen Monday. If a buy
back is in effect, today's prices are nothing
compared to what will happen Monday. Further
evidence would be high prices holding on Tuesday
and even Wednesday, which is the last day for
shares to carry "bill due" shares with them.

We will know Monday, no doubt. Might be we will
simply make great profits early next week with
no need to hold for millions of shares.

Purl Gurl
 
Posted by TampaInvester on :
 
quote:
Originally posted by Raptorsrule:
Just a thought folks.....

I suspect we won't have our shares until COB monday. If that is in fact the case....This may run to exhorbitant PPS values as they try to get your shares and the divy.

They have already demonstrated they know they are in deep caca....

Am I off base here?

if today was the last day to get the split..why does it matter anymore to the company? even if we sell aren't we are already eligible for the split? Why should they try to get our shares now?
 
Posted by Raptorsrule on :
 
Because you won't have the post split shares until Tuesday morning.....If you sell Monday...you sell the divy too....I think....LOL
 
Posted by Purl Gurl on :
 
Tampa, if we sell Monday through Wednesday(?),
our shares will carry the "split due" with
them. On those days, for example you bought
one-hundred shares, you will still see only
one-hundred shares in your account. What you
don't see is the bill due indicating those
split shares are due to you.

I would have to check on the Wednesday split
pay out. I do not know if the pay out is
effected at market open or market close.

Etrade indicates those split shares can be
sold Wednesday (over phone) which suggests
the split pay out is at market open.

Keep that in mind because Tuesday might be
the last day to sell if you want to take
profits and not bother with the split.

Purl Gurl
 
Posted by cruz on :
 
what's this 7.95 a share now? i was out of the office.
 
Posted by Raptorsrule on :
 
This chart is too funny.....talk about a bottom play.....!!!!!!!!

http://stockcharts.com/def/servlet/SC.web?c=gvrp,uu[h,a]daclyyay[pb50!b200!f][vc60][iUi14,3!La12,26,9]&pref=G

Keith...where are you bubba....
 
Posted by TampaInvester on :
 
Thanks purl and raptor...I am holding..I want my 600 million shares!
 
Posted by BuyTex on :
 
i forgot about the effect of the attached shares and glumly THROWING CHIt at the wall, lol, for missing my buy-in return. Thanks Glassman, Raptor, Dish and Purl for brightening my weekend outlook. Monday Tuesday could be a blast...
 
Posted by Purl Gurl on :
 
This might help, and there is nothing wrong
with being confused. You will note early on,
I was so confused, I could make a lick of
sense of this mess.

You bought one share before market close today.
Now your one share has an I.O.U. stapled to it,
an IOU for three-million shares.

If you sell Monday or Tuesday (maybe Wednesday)
that IOU remains stapled to your one share.

On Thursday (maybe Wednesday) you can rip loose
that IOU and cash it in for three-million shares,
then sell whatever amount you want.

For certain, if you sell Monday or Tuesday, your
IOU for three-million shares, will travel with
your one share. You cannot remove that IOU until
the "bill due" date, the date shares are given.

Someone will jump in and let us know if split
shares are out Wednesday open or Wednesday close.
Wait and an answer will be provided.

Purl Gurl
 
Posted by glassman on :
 
when i was a kid? we used to break our toys....

i learned better eventually......

no point in destroying this, whatever it is?
 
Posted by dishgal1 on :
 
Cruz, you really missed it ....trades went thru at 10.55 earlier....see what happens when you work. LOL
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
i forgot about the effect of the attached shares and glumly THROWING CHIt at the wall, lol, for missing my buy-in return. Thanks Glassman, Raptor, Dish and Purl for brightening my weekend outlook. Monday Tuesday could be a blast...

Keithsan is daman here folks.....

he mined this right out of the hard rock.....

 -
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
hope it aint me, hoping for an EOD run and just waiting, i bought for this split, got my billion and now i'll find out what happens.

must say i've learned a bit so far, more to come.

"BUMP"

YOU ARE ALL WELCOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That was fun, I was on the phone with my broker on the highway for quotes she enjoyed it too. Wanted me to dump 1/2 for no risk.

I am all RISK baby. I'm either out a grand up a hundred grand or somewhere inbetween [Smile] [Smile] [Razz] [Big Grin]

This was the most fun I've had yet, and it aint even started. Will DD later and DRINK now.

p.s. i take checks, cash, wine, beer, seafood, steaks, and if you lost money on one of my picks just subract it....j.k. of course.

This was one time it didn't pay to be first on a play.
 
Posted by Purl Gurl on :
 
There ya go, Keith, a three star participant,
openingly confesses this is all his fault.

Purl Gurl
 
Posted by dishgal1 on :
 
How will we possibly get thru the weekend. This is so exciting....Keith you need to find us another one of these. LOL
 
Posted by Raptorsrule on :
 
Keith....(listen up Tex...)

I want to make it quite clear to all that yes...this is all Keith's fault....LOL

Keith we all owe ya big time....MANY THANKS!
 
Posted by dishgal1 on :
 
Is anyone betting the Preakness? I have to take some time out to handicap tomorrow's race. See ya later.
 
Posted by pcloadletter on :
 
Is every still holding at least free shares?
 
Posted by BuyTex on :
 
I'm just hoping all the attention doesn't give the SEC weekend time to decide to halt trading while they investigate...I just want em to force delivery of my share--any thoughts?
---------
Wheee that *was* a blast...learned a new trick from Glassman, too...that sell at $2.50 above ask was classic. Great board, great thread, great find, keithsan. Thanks to all...
 
Posted by BuyTex on :
 
holding all; sell attempt din go through
 
Posted by Purl Gurl on :
 
Comments from another board about a trader who
experienced difficulty buying GVRP stock today,

"Don't know. I asked the broker and he seemed to
think it had something to do with the recent R/S but
wasn't clear. I'm going to follow up and find out
though - stay tuned.

The effect was that E*Trade was not allowing closing
transactions in GVRP on line and the broker had to
get approval to enter my trade even on the phone..."
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
There ya go, Keith, a three star participant,
openingly confesses this is all his fault.

Purl Gurl

Purl Bringing profit is not a fault. If you want somthing else try 1800qbidcmkx

hopefully i didn't bring a nightmare come monday.

Yes dish this was a lot of fun! and Yes I'm holding every single share.

EVEN the critic superstud bought some, he's probably up big now.
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Comments from another board about a trader who
experienced difficulty buying GVRP stock today,

had trouble buying cuz they wre covering shorts and trying to lessen the shares that are out.
 
Posted by vg on :
 
anyone check their accounts this is crazy my account shount 741, 000, 000
 
Posted by pcloadletter on :
 
broker is who?
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
Keith....(listen up Tex...)

I want to make it quite clear to all that yes...this is all Keith's fault....LOL

Keith we all owe ya big time....MANY THANKS!

oh, i see what you & glass are saying, DOH. No way was I leaving out Keith. Genius find, simply genius on keithsan's part. I was thanking you other 4 for reminding me about the effect of the attached shares still remaining for Mon/Tues so I still got a chance to ride freebies into the split, maybe even with some cool profit. repeat: genius find, great teamwork...
 
Posted by Purl Gurl on :
 
Texas Goat Roper, for the NASD and SEC, it takes
months for them to react. Most often, they do
nothing. This is why I urge readers to begin
taking actions now. If we succeed in forcing
GVRP to toe the line, this will not happen for
months, be sure.

SEC average response time to massive consumer
complaints is one year.

NASD does a bit better being more professional.

DTCC, pretty sure everyone there is dead.

My opinion is we should bring attention to this
and effect measures to protect us. This is an
indirect way of alerting GVRP investors are
onto what happened, thus GVRP will be less
prone to pulling an unethical stunt. With
their knowing people are watching, they will,
or should be, very careful about what they do.

Sometimes you have to take hold of a mule's
tongue and give it a painful jerk to get
his full attention.

Don't try that with his tail. You will be sorry!

Purl Gurl
 
Posted by Raptorsrule on :
 
Anyone worrying the SEC might shut everything down needs to realize their has been no illegal activity here at all...period.....

This is all a big paper work screw up and Keith was intellegent enough to fugure it out....not to mention kind enough to bring it to us...
 
Posted by keithsan on :
 
My account says I have 10 billion in cash WWWWWWWWWWWWWWWWWWWWWEEEEEEEEEEEEEEEEEEEEEEEEEE
 
Posted by keithsan on :
 
I got may shares, just if they gave them to me at 3 damn! instead of 5!!!
 
Posted by pcloadletter on :
 
Pleeease tell me who you use for trading!
 
Posted by dishgal1 on :
 
Shares are there...login to your accounts you won't believe your balance.
 
Posted by BuyTex on :
 
roger that, Purl...just got to wondering cuz prolly a lot of folks shaking trees at NAS, SEC, brokers, etc...don't want em to derail this train...hey how'd you know about the goats? cattle are easy, goats...that's some tuff ropin...
 
Posted by glassman on :
 
i don't have my shares yet....
 
Posted by Triumph1902 on :
 
I have etrade and i still show 200 shares.
 
Posted by Purl Gurl on :
 
Keith, in a panic I will beat him with my kitchen spatula, ducks and yells,

"Purl Bringing profit is not a fault."

I am teasing you, Keith.

Hmm, now isn't that odd? Your rating jumped
up one star just a little while back.

My E*Trade still shows 100 shares but I am
up $470 on the GVRP day. * grins *

Purl Gurl
 
Posted by dishgal1 on :
 
Mine are there and the balance conincides with the pps close.............
 
Posted by Raptorsrule on :
 
OMG!!!!!

Folks log on...we got the Shares...Keiths right....

My 300 Mill are worth

1,950,000,000.00!!!!!!!

We got the shares!......forget that run up on Monday....it's over....but...we will profit handily...methinks [Smile] )))))
 
Posted by BuyTex on :
 
not mine--was worried about them scottrade boys...hey tell me some brokerages who have settled so I can get Scottrade to confirm with them, thanks!
 
Posted by JHenry on :
 
Keithsan you are absolutely incredible. I just started daytrading about 6 weeks ago through Scottrade. I don't know much about it. I didn't know anything about it until a guy I work with told me about Allstocks and I started learning from glassman, purl gurl and you. My wife and I have a 2 year old and we live in a very small 1 bedroom apartment. We have been saving money now for 4 four years to put down on a house. We had saved up $25,000 at the beginning of this year. I wanted to do more and put $19,000 in Scottrade. In the last 6 weeks I am down $4,000 and I have been feeling sick. I am still holding DNAP, PBHT, GTEL, MTDX & GVRP. I really hope that something good comes out of this for all of us. I am praying on this one.
I will be looking for your guidance next week to hopefully make the right decision.
Thanks,
Jim
 
Posted by pcloadletter on :
 
anyone with wells fargo or trading direct showing shares
 
Posted by JHenry on :
 
Keithsan what brokerage tdo you have I still only have 150 shares at Scottrade.
 
Posted by Raptorsrule on :
 
I use ameritrade.....
 
Posted by Purl Gurl on :
 
Raptor exclaims,

"My 300 Mill are worth 1,950,000,000.00!"

* suddenly falls in love with Raptor *

I think we should go to Vegas and marry, right now.

Purl Gurl
 
Posted by glassman on :
 
what about me?

 -
 
Posted by BuyTex on :
 
NAS guy calling my broker now...
 
Posted by Raptorsrule on :
 
Purl....Do you have your shares.....if so we'll hook up...LOL

I gotta go drink another margarita and take a dip in the pool...
 
Posted by BuyTex on :
 
quote:
Originally posted by JHenry:
Keithsan what brokerage tdo you have I still only have 150 shares at Scottrade.

get the whip on your broker, man, seriously...we want our shares for trading monday...
 
Posted by JHenry on :
 
I just spoke to the national rep for Scottrade. Scottrade works differnently from other brokerage houses. The actually wait for the shares to be delivered to them unlike others like Ameritrade who will issue them without first receiving them. HELP!!!
 
Posted by cruz on :
 
i didn't sell any of my shares. i am all in for the big one.
 
Posted by glassman on :
 
quote:
Originally posted by JHenry:
I just spoke to the national rep for Scottrade. Scottrade works differnently from other brokerage houses. The actually wait for the shares to be delivered to them unlike others like Ameritrade who will issue them without first receiving them. HELP!!!

this would explain why Scottrade supended buying of CMK? very early on...they allowed people to sell, but stopped accepting buy orders.....
Scottrade earns higher regards from me due to this.... but if i miss selling on Mon? they will be buying some of my shares i think......
 
Posted by cruz on :
 
my ameritrade account value is 1 billion. what is up with that? am i rich?
 
Posted by cruz on :
 
i have my 350 million shares! help me guys!
 
Posted by elitedb on :
 
I think I need to take a picture of my Ameritrade screen for posterity. I never thought I would ever be worth almost 2 billion dollars. LOL Thanks for everyone here for this play. I have got my money's worth already just looking at my balance tonight regardless of what happens next week. Or maybe I'll just cash out and buy my own island. LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by JHenry:
I just spoke to the national rep for Scottrade. Scottrade works differnently from other brokerage houses. The actually wait for the shares to be delivered to them unlike others like Ameritrade who will issue them without first receiving them. HELP!!!

this would explain why Scottrade supended buying of CMK? very early on...they allowed people to sell, but stopped accepting buy orders.....
Scottrade earns higher regards from me due to this.... but if i miss selling on Mon? they will be buying some of my shares i think......

Exactly, the NAS guy called locally--they're closed. When he called me back, I said, well gettem on the West Coast, man I want those for Monday's open...if they're not there, something's wrong. said he understood, but if not *then* I could file a formal complaint. I said how you gonna determine the value of trades i coulda' made? Man, call em--so he is.
 
Posted by cruz on :
 
i got a hard copy from my ameritrade account for proof.
 
Posted by cruz on :
 
definitely worth the money invested for the fun but i need the money in my hands

quote:
Originally posted by elitedb:
I think I need to take a picture of my Ameritrade screen for posterity. I never thought I would ever be worth almost 2 billion dollars. LOL Thanks for everyone here for this play. I have got my money's worth already just looking at my balance tonight regardless of what happens next week. Or maybe I'll just cash out and buy my own island. LOL


 
Posted by BuyTex on :
 
hey, can this be traded after-market? just a thought...
 
Posted by Triumph1902 on :
 
So the only broker that has posted the shares so far is ameritrade?
 
Posted by dishgal1 on :
 
you can't sell pink sheets after hours
 
Posted by Purl Gurl on :
 
J Henry writes,

"...I am down $4,000 and I have been feeling sick."

Jim, a sincere heartfelt suggestion or two.

Slow down on the trading. Better, stop trading
for awhile and focus on learning. There are many
internet tutorial sites. Study them.

If you stop right now, maybe sell at a loss if
you are _sure_ those will continue downward, you
will cut your losses and not lose anymore money.

Cutting your losses, I believe, is the most
critical component of good investing. There
is plenty of room to play when you are up,
but when you are down, there is no room to
play. Never allow your losses to exceed a
five percent loss, as a new investor. Set a
stop loss point and ALWAYS sell at that point.
Five percent is cutting it close, that could
be a normal trading range, but for a beginner,
that is a signal to get the heck out.

If you do not set extremely tight stop loss
points and stick to them no matter what, you
are guaranteed to lose money, consistently.

For a new trader, I strongly urge you to read
Blue (Blue_In_Mi) and follow along with what
he is doing. Blue is a long term safe investor.
He will lead you to prudent decisions on stocks
which will not lose you any money. They will
move slow, profits are way off, but if you
follow Blue's choices, you will NOT lose money
in the long run. You might break even, but you
will not lose money banking on Blue.

These are extremely bad market conditions, very
unpredictable and these markets are no place for
a person new to investment. You and your family's
savings are too valuable to risk. With all that
said, you need to move into long term prudent
investments with low risk, keeping in mind even
Blue's picks are very risky. All stocks you read
around here are high risk, but Blue's picks afford
the lowest risk.

On feeling sick, we have all experienced that,
many times over. Last week I finally sold a
turd stock and took a $3000 loss, just like that.

I was delighted with myself to have finally faced
up to my bad decision and dump. What money was
left, is now earning moderate profits for me.

Over the years, I've had stocks which are up over
$5,000 in a week, and down $10,000 the next week.
It is sickening, yes. Nonetheless you must suck
it up and be tough. That "sick" feeling will defeat
you everytime. It is a feeling which causes you
so much stress and anxiety, your thinking and
decision making ablities become impaired; you
become unable to make decisions.

These days, years later, my portfolio will move
up and down $10,000 in a day, sometimes in just
hours, but I remain steady and clear headed.

Jim, although I disagree with your using home
buying savings to play the markets, you must
detached yourself from the notion of money.

I rarely look at how much I am up or down in
terms of dollars. I almost always look at the
individual stock percentage up or down, and
then look at my portfolio percentage, up or
down. Detachment from dollar signs allows you
to think in terms of pure mathematics with no
regard to how many dollars you are losing or
gaining. Looking at dollar signs is stressful.

Almost always, when researching, I look at a stock
in terms of, "What percentage gain will I make over
a given period of time?"

I do not think in terms of dollar signs.

Set a personal goal of how much you want to earn,
percentage wise, say in a month. My goal is ten
percent gain per month. When my losses and gains
are factored in, I usually end up earning ten
percent per year, which is darn good.

Do not think in terms of dollar signs, please.

I would rather you pull your money out of the
markets, put it back in your bank, and chalk
this up as a learning lesson, as we all do.

If you are to risk your future home, slow down,
research, learn, follow safe prudent investors,
set personal rules, set goals, cut losses, be
strict with yourself, and don't give into stress.

Jim, I am sorry for loss of money. You are not
along my friend.

I will urge you to sit down with your family
and discuss if stock market investing is truly
the best choice for your family and future.

Purl Gurl, thinks you should look at mutual funds
 
Posted by JHenry on :
 
I just talked to the Scottrade National Rep. They knew the symbol before I enev told them, said they are getting a lot of calls. They don't know how this will shake out. If they get the shares they will "probably" have them in our accounts before the market opens on Monday. He said they are working on tracking down the shares. Keep calling and asking - keep asking more questions.
 
Posted by JHenry on :
 
Thanks Purl Gurl
 
Posted by cruz on :
 
i hope things work out JHenry. But be careful out there with your money in stocks. Also, you will need to be very patient in the markets. It's a jungle and roller coater ride. Remember the two evils of stock trading - greed and fear.

quote:
Originally posted by JHenry:
Keithsan you are absolutely incredible. I just started daytrading about 6 weeks ago through Scottrade. I don't know much about it. I didn't know anything about it until a guy I work with told me about Allstocks and I started learning from glassman, purl gurl and you. My wife and I have a 2 year old and we live in a very small 1 bedroom apartment. We have been saving money now for 4 four years to put down on a house. We had saved up $25,000 at the beginning of this year. I wanted to do more and put $19,000 in Scottrade. In the last 6 weeks I am down $4,000 and I have been feeling sick. I am still holding DNAP, PBHT, GTEL, MTDX & GVRP. I really hope that something good comes out of this for all of us. I am praying on this one.
I will be looking for your guidance next week to hopefully make the right decision.
Thanks,
Jim


 
Posted by Purl Gurl on :
 
"Jim, I am sorry for loss of money.
You are not along my friend."

Jim, I am sorry for your loss of money.
You are not alone, my friend.

Purl
 
Posted by dishgal1 on :
 
JHenry......I have been in a lull myself and had really lost my zest for playing the market. It seems I get in too late or get out too soon of the stocks I pick (nervousness from losses) LOL
In the pennies you can make a bundle or lose a bundle. The people on this forum I don't believe will ever steer you wrong. They always remind you to take your original investment off the table. That is a great quality in the people of this forum. It is not a pump and dump forum. This little play right here sparked my enthusiasm again and now I am all set to get seriously back into trading. I am SO EXCITED NOW>>>>>Course we still have to find buyers for these turds. LOL
Who knows, maybe we will open at 6.50 on Monday.

GOOD TRADING AND GOOD LUCK!
 
Posted by cruz on :
 
make sure you print out your trade history for today. it will show the stock split transaction with the transaction id.
 
Posted by cruz on :
 
do you honestly think they will allow selling monday? i am thinking a lock down.
 
Posted by Purl Gurl on :
 
Dish Pan Hands,

In my Twilight Zone, GVRP will open at 8.00 on
Monday, close at 25.00, then open on Tuesday
at 50.00 per.

Being sincere, I have a $470 profit right now
and am absolutely delighted. If that is all
the money I make, I will be as happy as a dead
pig lying in the sunshine.

Personal, I convinced two friends to buy. One
got in at 1.80, the other at 2.00 per. Neither
are home from work, but I do look forward to
hearing their happy voices for even such a
small and simple profit gain. I will advise
them to sell on Monday rather than continue
to expose them to risk.

Making a friend happy is the best reward ever.

Purl Gurl
 
Posted by glassman on :
 
hey, don't ignore the picks from the pump and dumpers, just be reasonable...
i often sell and see another double after i'm out, but as you can see? i've been here a long time, and that's because i don't try to squeeze every last penny out of the P&D's
 
Posted by dishgal1 on :
 
Good point Keith!

On another point.....just a thought but shouldn't we wait to see opening pps on Monday? Who knows where this will open? If we put in a huge amount of sell orders over the weekend then it will most assuredly open at 0............wouldn't it be better to wait to see what happens....I am afraid the MM's will see the overwhelming flood of sell orders and take it down. They probably will anyway but if we just wait we might be able to sell a few shares at a very good price.

Thoughts anyone? I mean this thing has been full of surprises just like today's runup. Who knows what Monday will bring?
 
Posted by dishgal1 on :
 
Ooops sorry Glass, you get credit for the pump and dump message. LOL
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i don't have my shares yet....

na na na na na, na na na na na glassman don't have shares, glassman don't have shares. na na na na na
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
you can't sell pink sheets after hours

DOH!--thanks, dish...
 
Posted by Purl Gurl on :
 
* waves her kitchen spatula around *

Boys, boys, behave or I will take your Star Wars
action figures away and send you to your rooms.

* bends princess Leia action figure over... *

Now where is that Skywalker action figure?

Purl Gurl
 
Posted by JHenry on :
 
A friend of mine said he just called Scottrade and he was told that the issue is cuttently under review by the (he thinks they said) OTC or DTC?. Keep calling everyone - push for those shares!!!!
 
Posted by dishgal1 on :
 
We will probably get a real surprise on Monday....if you divide 6.50 closing price by 3m adjusted..........
well it isn't much above 0............I wonder if that is why they took it up so it didn't look so ridiculous. It could be a while before we could even begin to get .0001............just a thought!
 
Posted by glassman on :
 
isn't Luke her [Eek!] brother?
 
Posted by Purl Gurl on :
 
Jim, just found the same thing on another board,

"GVRP FS is "under review by the DTC" according to
the person I just spoke with at Scottrade, thus why
we Scottraders don't have our shares yet. He said
today has probably been the highest volume of calls
about one stock. Regarding Ameritrade having logged
the FS shares, they've probably "jumped the gun".
Have to wait until Monday to see how the DTC review
works out."

Actually it is the DTCC. I am surprised. I thought
for sure everyone was dead at the DTCC.

Remember, these are rumors, not facts. However,
those rumors are in keeping with activity.

I believe all of this has been well documented
and we are safe, maybe. Seems there is no need
to contact regulators; this has been done.

Purl Gurl
 
Posted by BuyTex on :
 
ok, offa phone with *yet another* corporate guy at Scottrade, who called me via prompting by a nice NAS guy...their official position is Ameritrade "pays early" but might pull em back if DTC declines the transfer. Says Scottrade corporate never pays early, having been burned in past, BUT will have instructions in place at all branches Mon am, which he says open about an hour before the bell. Another dept sent me a b*tchy lil e-mail referring to "the supposed split." suspense, intrigue, billions of shares--yee haw
 
Posted by Purl Gurl on :
 
Luke is her brother?

Oh.

Now where is that wookie action figure?

Purl Gurl, not a Star Wars fan
 
Posted by BuyTex on :
 
o wait, one last query, Purl, before I hit the Coors-train: are you saying it's possible for this to open still in the dollars amounts, even though there are now Carl Sagan numbers out there?
 
Posted by Triumph1902 on :
 
So then the best thing is to wait till Monday, no use in contacting etrade if I already know the answer to my question.
 
Posted by BuyTex on :
 
quote:
Originally posted by Triumph1902:
So then the best thing is to wait till Monday, no use in contacting etrade if I already know the answer to my question.

whip em like a step-mule, make sure they're working on it. Offer to work over the weekend alongside, answering phones, puttin toner in printers, etc. well, lol, that's why I did...for real, make sure they're on it--Scottrade was not aware till peeps started bugging em this am...
 
Posted by glassman on :
 
now we see a little more about how the system works.....

naked shorts may not even be coming from the DTCC at all, as so many claim...the borkers may create them themselves....

i've often thought this was the case because of margin accounts and how they work...you may in fact often be trading ONLY with your own BORKER if you are on margin?
 
Posted by cruz on :
 
superstud - did you buy some?
 
Posted by cruz on :
 
you mean sell the pre split shares you bought monday or sell the post split shares at 8 for a couple billions? do you think that will fly?

quote:
Originally posted by Purl Gurl:
Dish Pan Hands,

In my Twilight Zone, GVRP will open at 8.00 on
Monday, close at 25.00, then open on Tuesday
at 50.00 per.

Being sincere, I have a $470 profit right now
and am absolutely delighted. If that is all
the money I make, I will be as happy as a dead
pig lying in the sunshine.

Personal, I convinced two friends to buy. One
got in at 1.80, the other at 2.00 per. Neither
are home from work, but I do look forward to
hearing their happy voices for even such a
small and simple profit gain. I will advise
them to sell on Monday rather than continue
to expose them to risk.

Making a friend happy is the best reward ever.

Purl Gurl


 
Posted by glassman on :
 
no not gonna get enough sells at that price....LOL

reality does eventually kick in.....

unless Bill gates is interested?? [Big Grin]
 
Posted by Purl Gurl on :
 
Roy Rogers, you can take that Coors and put it
back in the horse from which it came.

Pat still driving that Nellie Bell jeep around
the ranch there?

I'll be dipped if I know what will happen Monday.
For all I know we broke the system and markets
will close all next week.

Roy, if the forward split is not effected, GVRP
is still in a position of having to cover shorts,
and we hold the outstanding shares, although all
those shares we have are technically counterfeit.

Without a forward split, we might see prices like
today or better, if that was GVRP trying to buy
back shares. We don't know who was buying shares.

None know what will happen Monday. That is the
fun part of this. More fun is knowing a CEO
and a bunch of board directors are wishing we
buyers had used some KY jelly.

Revenge of the Sith is girly man stuff compared
to what we are doing to that company.

Revenge, sweet as De Milo's lips.

I think these trades will be broken.

Purl Gurl
 
Posted by cruz on :
 
c'mon glass - lets have fun. you are ruining here. i am trying to become a billionare here. [Big Grin]
 
Posted by glassman on :
 
0 s0 s0rry [Big Grin]

i guess i better go get out the k00laid [Big Grin]

does anybody know if k00laid can go bad? this is about 5 years old here.... [Roll Eyes]
 
Posted by cruz on :
 
well obviously ameritrade recognize the forward split as other brokers seem to deny or just acting to deny so people wouldn't buy.
 
Posted by cruz on :
 
i think GVRP was trying to buy back the shares but why didn't they start doing that earlier the week. maybe they were waiting for answers to rescind the f/s. couldn't rescind so at the last minute they thought they could entice everyone to sell their shares at inflated prices - it wouldn't certainly be cheaper doing it this way than having to deal with next week's unpredictable outcome. at least i am a billionare on paper for the weekend. [Smile] i am going to print it and frame it. heck i will settle with them and take a couple mil.
 
Posted by cruz on :
 
instead of it wouldn't be cheaper - it should be it would be cheaper. that 5 yr kOOlaid is getting to me [Big Grin]
 
Posted by elitedb on :
 
Can we all say class action lawsuit. I'd settle for pennies on the dollar.
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
now we see a little more about how the system works.....

naked shorts may not even be coming from the DTCC at all, as so many claim...the borkers may create them themselves....

i've often thought this was the case because of margin accounts and how they work...you may in fact often be trading ONLY with your own BORKER if you are on margin?

yup, shoulda been whuppin DTCC to OK forward so all brokers would have cleared splits. Some wild speculation: 1) if this goes through 2) & it turns out an effective anti-NSS squeeze on MMs it will be copied. More to come?
 
Posted by dishgal1 on :
 
ALERT:: We may be looking in the wrong place ....read this from a pr from the 17th...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 17, 2005--GLUV Corp. (Pink Sheets:GVRP - News), announced today it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.
The transaction requires all current officers and directors of GLUV to resign, and provides for the appointment of the Media Magic management team to their appropriate positions in the new company.

Maybe we should be checking out Media Magic......as stated above, the transaction requires all GLUV directors and officers to resign. We need to look in places other than filings from GVRP don't you think? I am starting now. Get busy guys.
 
Posted by BuyTex on :
 
[QUOTE]Originally posted by Purl Gurl:
[QB] Roy Rogers, you can take that Coors and put it
back in the horse from which it came.

Pat still driving that Nellie Bell jeep around
the ranch there?

WILY COYOTE! from goat roper to ROY fn ROGERS in one afternoon!

But hey, it's panther p*ss--this *is* Ft Worth


<<for others, where an 1800s Dallas basher once described us as "so sleepy, at mid-day I saw a cougar asleep in Main Street.">>
 
Posted by Purl Gurl on :
 
Panthers! We had panthers all around our farm.
At night, they would scream scaring the coors
out of us kids in bed.

Dish Gal,

http://www.royalpalmcgi.com/

(towards the bottom)


http://www.digikidz.com/
 
Posted by glassman on :
 
yes i've looked at DigiKidz a little already..it might be a good investment... [Big Grin]
 
Posted by cruz on :
 
where's superstud? he may have been a GVRP officer trying to convince us to sell our shares.
 
Posted by dishgal1 on :
 
I am currently looking for Florida filings
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
where's superstud? he may have been a GVRP officer trying to convince us to sell our shares.

don remember, what wuz he sayin'?
 
Posted by glassman on :
 
stud was saying the record date is what counts for the dividend disbursement, however, i know better.....
keith double-checked too..

ex-dividend date is what counts for cash dividends... and when it's shares you are getting? never, ever sell till you have your dividend.....

always check the EX-dividend date....
 
Posted by cruz on :
 
so... we should wait until the 25th to sell?
 
Posted by glassman on :
 
this was either an extraordinarily sly reverse merger, or a colossall effup....
i hope it was a sly reverse merger, cuz that means we have the shares for sure..an efup means something will need to be worked out.....

we have already seen the NSing of the dividend clearly or all the brokers would have issued them, huh?
 
Posted by Purl Gurl on :
 
Wait! The dish washer, in another thread, announced
she is pregnant! Imagine that, barefoot, pregnant
and in the kitchen. There is a woman who knows her
place in a man's world.

Dishy Girl, this Kiddie thing is very typical.

That Royal Palm Capital outfit arranged to take
Digikidz public, for a healthy fee, usually a
large percentage ownership.

Royal, to save money and increase profits, found
an empty shell company, Gluv. Their plan is or
was to forward split / reverse split to reduce
public ownership, and cheat share holders out
of some of their money, in the process.

That family trust agreed to assume all former
debt and buy outstanding shares for .0005 per.
Doing so leaves a completely empty debt free
shell company already registered with the SEC
and only in need of a name change.

Enter diaper boys DigiKidz. Incidently, any outfit
with a "z" thing, a totally cool thing, stay away
from them. Bad news. Think IBiz.

Who is responsible for this mess? That is unknown.
My opinion is Royal Palm acts in an advisory role
so ultimate responsibility may fall back on them.

Gluv is dead, no money, nothing. We won't derive
money from them. That family trust, they have
money but it is most unlikely money is coming
from them because they have lawyers, certainly.
DigiKidz, no money and still in diapers.

Most likely candidate behind share buying, is
Royal Palm. However, I am dismissing that because
like that family trust, Royal Palm will not part
with money without a legal fight.

Today's buying, I still lean towards last minute
buyers, ordinary vultures like us out for profit.

Monday, a complete unknown. Split buyers are now
history. What other buyers are there? None.

This might come down to Gluv having to cover for
shorts or their transfer agent having to cover
for shorts, but I think not.

This is too big of a mess.

My arrived conclusion. Our buys (and sells) will
be a wash; break even. All transactions will
be ordered broken.

A closing point is if commission fees charged to
my account are not refunded, there will be Hades
to pay even though under ten bucks. It is the
principle of the matter. I acted in good faith
(concealed bad faith) and expect no penalty
for my trying to rip off money from a company
through an intended short squeeze.

Ironically, Wall Street rips off America daily,
but we can never rip off Wall Street.

The transactions will be broken and our profit
will be all this laughter, enjoyment and new
friendships forged in the process.

That is priceless.

Purl Gurl
 
Posted by glassman on :
 
quote:
Originally posted by cruz:
so... we should wait until the 25th to sell?

if you already have your shares? i don't see why not? i can't imagine the buy-back at .0005 going thru..thats a little outrageous UNLESS there is insurance?????
 
Posted by BuyTex on :
 
well, for what it matters, I know the SEC is aware. spent 45 minutes on the phone with a guy who called me, hiccup, and showed him the OTCBB link. he was, fair to say, stunned.
 
Posted by glassman on :
 
Purl Gurl, you already have both feet back on the ground too? LOL...

they better not try to unwind my sells....
 
Posted by cruz on :
 
no PURL no! please no!
 
Posted by Purl Gurl on :
 
* lifts her leather mask, cracks her whip *

weeeee.... CRACK weeeeee.... SNAP

But Cruzy dahhhhling, you said you like this.

Purl Gurl
 
Posted by Peaser01 on :
 
I heard someone was talking about koolaid over here on the previous page and I was getting thirsty. Got any to spare Glass?

Anyways, is it too late to get on this boat?

I'm heading for Myrtle Beach on Sunday and am not quite sure what I will be doing about trading all next week. I may just be on the phone during market hours with my broker all vacation. What a vacation. lol
 
Posted by dishgal1 on :
 
Purl, I found Royal Palm and Digikidz websites....
I already know about them....I have been trying to find filings in the state of Florida but that darn website is so slow I have an idea everyone else may be doing the same thing. It just won't load....and I have high speed. I may try later. This is a screwy mess but I don't think they will take our shares. I think they screwed up and will have to "fix" it. The shares will most likely be worthless for sometime to come. But eventually enough of CMK people will get in and we may do fine with all these turds.
 
Posted by dishgal1 on :
 
Oh and PURL, if I am pregnant, it would truly be a "miracle"....I do not have to worry about that anymore.. LOL
 
Posted by Peaser01 on :
 
lol
 
Posted by <RebelYell> on :
 
I'm sure that everyone has printed out or taken a screen shot of all of their GVRP transactions this week, BUT just in case you haven't, please consider this a friendly reminder. Nobody knows for sure how this will work out, but I think that there is a good chance that trading will be halted Monday.
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
Purl Gurl, you already have both feet back on the gorund too? LOL...

they better not try to unwind my sells....

grounded is good, but I'm not easy with unwinding anything...fight till hell freezes, then fight on em on the ice...what, logically/business/pennies experience keeps this from being a market evolution of fighting, and maybe winning, a way out of the cellar-box that MMs devised since the conversion to decimal from fractions?
 
Posted by Purl Gurl on :
 
Ahh, Delicious Dishy, you have learned to run
from those smelly hairy knuckle dragging flat
toothed slope foreheaded grunting narrow eyed
huge nostrils drooling hairy palmed hairy backed
carrion breathed Neandertal men!

Good girl.

Purl Gurl
 
Posted by cruz on :
 
i knew it - purl gurl is leslie nielsen. NO!!!!!!!!!!
 
Posted by glassman on :
 
i'm a silverback ugh
 
Posted by Purl Gurl on :
 
The Miracle Mother, bless her, adds,

"But eventually enough of CMK people will get in
and we may do fine with all these turds."

Now that's what I'm talking about!

DigiKidz! Laser Keyboards! Queer TV! Raven Moons!

You want to pump this stock or should I do it?

Purl Gurl
 
Posted by cruz on :
 
ok - i will settle for 0.0001. [Frown] no, i want a penny a share. 3.5 mil is fine.
 
Posted by greatimes on :
 
Who says you can't sell pinks after hours? I had a sell order in for 50 at 8. The market closed. My screen said order canceled. I just looked to see if I have the split shares. No shares yet... but my sell order was filled. Interesting
 
Posted by glassman on :
 
my name is mud the the cmk? boards and christian traders and paltalk, so i can't do it..LOL
 
Posted by Peaser01 on :
 
Wallace would probably love to jump in on that one Glass. lol
 
Posted by Purl Gurl on :
 
The Stoned Ranger, and his friend Pronto, breath heavily,

"I know the SEC is aware. spent 45 minutes on the
phone with a guy who called me, hiccup, and showed
him the OTCBB link. he was, fair to say, stunned."

Sure that wasn't a 1-900 call?

* has a lucid moment *

Tex, thanks for all your efforts. I think the
whole world knows about this, and Saddam is
probably looking for a change of shorts,
right about now.

* Iraqi accent *

"Wiping Mess Destruction, please I am needing
to wiping mess destruction from shorts."

Hmmm... think I know why Dubya screwed that one up.

Purl Gurl
 
Posted by Peaser01 on :
 
 -
 
Posted by cruz on :
 
keithsan must be taking his bar exam so he can represent us in the class action lawsuit. where is he?
 
Posted by Peaser01 on :
 
ROTFLMAO
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Good point Keith!

On another point.....just a thought but shouldn't we wait to see opening pps on Monday? Who knows where this will open? If we put in a huge amount of sell orders over the weekend then it will most assuredly open at 0............wouldn't it be better to wait to see what happens....I am afraid the MM's will see the overwhelming flood of sell orders and take it down. They probably will anyway but if we just wait we might be able to sell a few shares at a very good price.

Thoughts anyone? I mean this thing has been full of surprises just like today's runup. Who knows what Monday will bring?

todays run up wasnt a surprise, was waiting for that for 3 days, monday will see whats up most likely there will be a zillion idiot bidwhacker and no buyers so i will hold. Never been one to join the zealots, then I will sell when people start to buy the subzero 33 mill os stock
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
superstud - did you buy some?

yes he did [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
ALERT:: We may be looking in the wrong place ....read this from a pr from the 17th...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 17, 2005--GLUV Corp. (Pink Sheets:GVRP - News), announced today it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.
The transaction requires all current officers and directors of GLUV to resign, and provides for the appointment of the Media Magic management team to their appropriate positions in the new company.

Maybe we should be checking out Media Magic......as stated above, the transaction requires all GLUV directors and officers to resign. We need to look in places other than filings from GVRP don't you think? I am starting now. Get busy guys.

called them, they have angry secretary
 
Posted by dishgal1 on :
 
Just got a call from Ameritrade to explain why my account was so HUGE,.......I asked him what he expected on Monday and he said it comes out to
.ooooo21..........yes that is 5 zeroes.......
They are calling everyone who got this today.
 
Posted by cruz on :
 
so that's 735 dollars for me. that sucks. i don't have to sell then. i will wait until it hits 0.001 [Smile] seriously, if that's the case. should we wait it out to see it go up. then again a reverse split can happen but they can't r/s shares they don't have.
 
Posted by Peaser01 on :
 
My etrade account doesn't let me trade anything less than .0001 Ouch.
 
Posted by cruz on :
 
if this was ns and it was. this ruling sets the minimum at 0.001

http://www.ahandup.us/grand_overview.htm
 
Posted by cruz on :
 
i mean 0.0001
 
Posted by dishgal1 on :
 
I wonder if you really wanted to sell you could probably put your sell order in for market instead of limit.....wonder if that would go thru?

I am planning to hold mine. Sooner or later it will move we all know that. LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
if this was ns and it was. this ruling sets the minimum at 0.001

http://www.ahandup.us/grand_overview.htm

crus, thas not a ruling, that's a web page I ran across the other night & posted mainly for cellar box discussion and MMs moving to .0001-.0002 as a way to double since the change from fractions to decimals. exploit the spread. thas why I keep asking if this *might* be an effective ploy against cellar boxing...
 
Posted by cruz on :
 
you can't sell at market for pinks and obs. it has to a be a limit order
 
Posted by JHenry on :
 
I have been pounding Scottrade with emails asking that a progress report be sent out to all GVRP shareholders.
 
Posted by Peaser01 on :
 
Glass, have you called Spitzer yet?
 
Posted by Raptorsrule on :
 
Ameritrade will let you sell at market for anything....
 
Posted by George on :
 
Some how they will paperwork shuffle this back to the true value. It looks like they will do that by changing the post split price to .0000021. They will probally then do another split in the reverse to bring it back.
 
Posted by Peaser01 on :
 
Etrade won't let you sell at market on pinks or bb's.
 
Posted by cruz on :
 
i use ameritrade but i thought for sure pinks and otcbb require sell limit orders
 
Posted by Peaser01 on :
 
Well, the CMK's just hit me with two 1 star ratings. Some are still pretty peeved over there about their beloved stock I guess.
 
Posted by JHenry on :
 
Nothing new, response from Scottrade:

Dear Mr. Henry,

Thank you for your email. Currently, we do not have any information regarding the
split you are referring to. If such a split was initiated and approved by the SEC
and your account qualifies to receive the shares, they would be credited to your
account when we receive them from DTC.

Please let us know if you have any additional questions or comments.

Sincerely,
Kevin Kohler
National Service Center Broker

Scottrade, Inc
 
Posted by keithsan on :
 
RELAX,


Ameritrade is using its shares out number. Fact is, there are only supposed to be 33 million shares out. Someone has to cover. It didn't run EOD today for no reason.

Will we make bank? hell if I know, we are in the same spot as before. what Dish posted, you could've figured out by adding all shares sold last 3 days and giving em 3 million.

Fact is company has no shares and we have to many. Its an F'up to the highest degree, and we are here to see it make us some money.

To immediately RS, will take a few days. There will be a bunch of panic selling monday am. Also, there is the question of if they only had 11 shares and sold them first sell, they don't have a company and can't do squat.

We shall find out in a couple days [Smile]
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
Some how they will paperwork shuffle this back to the true value. It looks like they will do that by changing the post split price to .0000021. They will probally then do another split in the reverse to bring it back.

aaaaghhh DARTH MOMO......j/k, what better end to a crazy day? ackshually, this sounds like Purl's guestimation...settle on a price cuz nobody knows how to handle it...
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
RELAX,


Ameritrade is using its shares out number. Fact is, there are only supposed to be 33 million shares out. Someone has to cover. It didn't run EOD today for no reason.

Will we make bank? hell if I know, we are in the same spot as before. what Dish posted, you could've figured out by adding all shares sold last 3 days and giving em 3 million.

Fact is company has no shares and we have to many. Its an F'up to the highest degree, and we are here to see it make us some money.

To immediately RS, will take a few days. There will be a bunch of panic selling monday am. Also, there is the question of if they only had 11 shares and sold them first sell, they don't have a company and can't do squat.

We shall find out in a couple days [Smile]

<<bump>> ready for weekend review--g'night all: historical find, keithsan..
 
Posted by George on :
 
no matter what happend my 50 shares cost was worth the education.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
RELAX,


Ameritrade is using its shares out number. Fact is, there are only supposed to be 33 million shares out. Someone has to cover. It didn't run EOD today for no reason.

Will we make bank? hell if I know, we are in the same spot as before. what Dish posted, you could've figured out by adding all shares sold last 3 days and giving em 3 million.

Fact is company has no shares and we have to many. Its an F'up to the highest degree, and we are here to see it make us some money.

To immediately RS, will take a few days. There will be a bunch of panic selling monday am. Also, there is the question of if they only had 11 shares and sold them first sell, they don't have a company and can't do squat.

We shall find out in a couple days [Smile]

<bump>
 
Posted by cruz on :
 
did i hear that can't r/s if they don't have shares.
 
Posted by glassman on :
 
.0001 is the floor, this i what i calculated all of my sell figures by....

you can't sell it for less....the system won't accept it beyond 4 decimal places..
 
Posted by cruz on :
 
that's what i thought

quote:
Originally posted by glassman:
.0001 is the floor, this i what i calculated all of my sell figures by....

you can't sell it for less....the system won't accept it beyond 4 decimal places..


 
Posted by <RebelYell> on :
 
Agree all the way Keithsan. If it is trading Monday, might even be a buy opportunity. It was not intentional short selling, but it WAS short selling. I'm sure a lot of people flipped for a profit and held free shares. I know I did. Still holding a couple of hundred (pre-split [Smile] )

Technically the company does not have any shares other than the ones that I "think" that they bought back this afternoon. Those shares sold (after F/S) are WAY over the authorized amount.Looking at the "buy/sell data" for the last couple of hours today, they could not have come close to re-buying the shares that had already been sold. They can't reverse split until they pick up more shares, or they will still be shooting themselves in the foot.
 
Posted by cruz on :
 
which means the pps will go up for them to buy back shares [Smile]
 
Posted by George on :
 
How could they buy back all the shares? The company is not worth what the sahres amount to. It will have to come out as some type of settlement. THe company would be put out of business. But what if none of it was their fault but someone else?
 
Posted by glassman on :
 
we are hoping that it's a true naked short, this would be the "smoking gun" but we won't know 'till we get more details...

GLKCE? they did something similar...many shares came onto the market before they were issued...

the MM's will EVENTUALLY have to buy them back if so, and they do have money...

BUT this is speculation
 
Posted by keithsan on :
 
quote:
Originally posted by <RebelYell>:
Agree all the way Keithsan. If it is trading Monday, might even be a buy opportunity. It was not intentional short selling, but it WAS short selling. I'm sure a lot of people flipped for a profit and held free shares. I know I did. Still holding a couple of hundred (pre-split [Smile] )

Technically the company does not have any shares other than the ones that I "think" that they bought back this afternoon. Those shares sold (after F/S) are WAY over the authorized amount.Looking at the "buy/sell data" for the last couple of hours today, they could not have come close to re-buying the shares that had already been sold. They can't reverse split until they pick up more shares, or they will still be shooting themselves in the foot.

if the company had shares we woulda been at .01 bye EOD but instead we hit 10. they know somethings up, don't let'em rob you monday am(assuming we're trading)
 
Posted by keithsan on :
 
quote:
Originally posted by George:
How could they buy back all the shares? The company is not worth what the sahres amount to. It will have to come out as some type of settlement. THe company would be put out of business. But what if none of it was their fault but someone else?

the company sold their share before the split,(they expected split shares) company has no shares. Looking for blame on the TA thats my favorite.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
we are hoping that it's a true naked short, this would be the "smoking gun" but we won't know 'till we get more details...

GLKCE? they did something similar...many shares came onto the market before they were issued...

the MM's will EVENTUALLY have to buy them back if so, and they do have money...

BUT this is speculation

IMO

this has nothing to do with the naked shorting crap but it is shorting. Done ignorantly and by accident on the companies part (still at fault) while they call the transfer agent and their brokerages (get same $hit answers we got ie. split already done) so the stupid company believes who they are supposed to believe and the only ones who know whats going on is US.

I never waivered [Smile] company was wrong all day and I don't care why, lets see if we can get paid now!
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
we are hoping that it's a true naked short, this would be the "smoking gun" but we won't know 'till we get more details...

GLKCE? they did something similar...many shares came onto the market before they were issued...

the MM's will EVENTUALLY have to buy them back if so, and they do have money...

BUT this is speculation

for spec purposes, and spec only--suppose this company found the way out of the "cellar-box"? in other words, brainstorm about the "principle" I don give a fig about this particular company...it's been fun...and what a genuis pick (keith)...but what about the model that other companies might emulate?
 
Posted by BuyTex on :
 
my post hit after keith's...
 
Posted by glassman on :
 
yeah, but even if they only had 11? it's still a naked short........

i also noticed there is a filing that seems to say there are 11 RESTRICTED shares too.....they wouldn't be able to be sold...

this will be interesting....

i'll settle, i could use some good karma.. LOL, eff that, i need ca$h
 
Posted by glassman on :
 
OK? out of the cellar? this requires US to cooperate...we have to buy enough at .0003, 4 5 to get others to buy in at those prices.....then we can sell into the momo...this what the groups do anyway....i watch it all day on micrcaptrade...

welcome to the darkside [Big Grin]


PG pointed this out earlier....
 
Posted by keithsan on :
 
technically its a naked short, but its not a brokerage rundown or MM short etc......thats what THOSE rules are for. This is completely different. yet, technically the same.

If the Nas allows this, it will be backwards. F/s, print shares, then announce. THEY CANT ALLOW THAT! CHAOS!
 
Posted by keithsan on :
 
(ps. rumor is CEO was selling his-LOL must've been employed previously by enron)just a rumor, not mine someone else
 
Posted by BuyTex on :
 
guys, you're masters--as a student I'm asking: what prevents this from being a history-changer?
 
Posted by glassman on :
 
i'm not sure how you know the company is at fault yet....

i talked to the transfer agent..
they were wrong,

and i didn't exactly point out their mistake to them, i just mentioned that it was odd for them to have the exdate so long after the record date...right after that? the price went haywire....so i think the transfer agent may be on the hook....not the company...now the question becomes how closely are the MM's and the transfer agent tied, because the PPS should have stayed up in the multiple thousand$ range if they were available...so they were priced wrong weren't they?

and the other question is

why does ameritrade post shares they don't have either? there is a lot of stuff here thats just a bit off...

if, for instance? you ameritrade guys are sitting on your divvy on MON to sell,and us scottraders aren't? i have damages to claim don't i?

but against who? scottrade for being slow? or ameritrade for being fast?
 
Posted by <RebelYell> on :
 
Glassman, If you match up the spreads between the buys and sales on the trades this afternoon from the first $3.00 trade to the EOD, the MM's were making a killing. And NITE didn't meet earnings the 1/Q. I wish that I could make 10 or 15% on every trade.
 
Posted by BuyTex on :
 
what I'm askin is suppose they found a way outta the trap? Is that inconceivable?
 
Posted by BuyTex on :
 
what if the market *does* prevail and * SHO regulations * suck hind tit?
 
Posted by glassman on :
 
rebel yell
Glassman, If you match up the spreads between the buys and sales on the trades this afternoon from the first $3.00 trade to the EOD, the MM's were making a killing. And NITE didn't meet earnings the 1/Q. I wish that I could make 10 or 15% on every trade.



i bet you every one of those trades after 1330 (when i got off the phone witht the transfer agent)was a purchase by the MM's, i know, cuz i was offering at 10 and they were BUYING from me.....
 
Posted by BuyTex on :
 
which is evidence of the possible theory behind my question, MMs *HAD* to buy...
 
Posted by keithsan on :
 
Glass,

The company was at fault because they were told of the problem yet failed to rectify it, they also have excuses, TA gave them shares said it was ok, probably even a crappy lawyer said record date was good. Company sold from Tuesday till Friday a lot more shares than the 33 million the transfer agent gave them, she probably mentioned that after you being the millionth phone call on this one.

My feeling is TA or their insurance company has to buy back shares, they will be buying ont the bid monday morning nice and cheap. They will still have shares to buy. After that is through PLUS, as they buy up shares fake OS will shrink coming closer to real OS which will mean A SHORT SQUEEZE is in effect. We could see some great numbers early in the week.

Company can't keep money the got from illegally selling to us.
 
Posted by BuyTex on :
 
precedent or not?
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
precedent or not?

WTF you talking about?
 
Posted by BuyTex on :
 
have we not established this is unique? you found a one in a million...can other companies copy this?
 
Posted by keithsan on :
 
ON this trade SO FAR, cuz it aint over, I verbally abused someone at ameritrade, got an angry secretary at digikidz or whatever this company is.

put on hold 10 times at nas. Talked to crank TA people that had 4 different answers. Everyone I talked to everywher I had to get someone new, its unbelievable but the people answering phones know NOTHING! NOTHING!

I am telling them NO you are wrong, I get my shares now. No, EXDATE matters that is MONDAY etc... waccky.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
have we not established this is unique? you found a one in a million...can other companies copy this?

LOL this is a huge F'up for a company, no one wants to make this mistake.
 
Posted by glassman on :
 
that makes sense....the person i talked to didn't say one word other than to read me the record dates...she didn't even have the exdate..i told her the exdate..that's all..no chatting or anything else i thanked her and i got off the phone at 1330, and the movement started right after....
i don't believe in coincidences....

i think they have to buy 'em back, but they don't have to rush, i've seen too many stay SHO for weeks...no biggie, just trying to learn the system from the clues we get...
 
Posted by keithsan on :
 
Glass AMeritrade VS. Scottrade.


I think ameritrade is in the right, contrary to what purl posted earlier, if you buy shares on the ex-date you do not get the rights that come with them. Therefore the last day to own rights is the day before the ex-date, Ameritrade hands them out on that date.

Seems logical. Why wouldn't they?

If people dont have there shares for monday AM I would threaten to call Nasdaq complaints.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
that makes sense....the person i talked to didn't say one word other than to read me the record dates...she didn't even have the exdate..i told her the exdate..that's all..no chatting or anything else i thanked her and i got off the phone at 1330, and the movement started right after....
i don't believe in coincidences....

i think they have to buy 'em back, but they don't have to rush, i've seen too many stay SHO for weeks...no biggie, just trying to learn the system from the clues we get...

damn it why didn't she move it after i got off the phone, think how hard it would've ran since wed. coulda been back at 3k a share.
 
Posted by glassman on :
 
if they are smart? they will run their ad campaign AFTER they buy a bunch back dirt cheap....so don't expect a big PR push right away ...LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
Glass AMeritrade VS. Scottrade.


I think ameritrade is in the right, contrary to what purl posted earlier, if you buy shares on the ex-date you do not get the rights that come with them. Therefore the last day to own rights is the day before the ex-date, Ameritrade hands them out on that date.

Seems logical. Why wouldn't they?

If people dont have there shares for monday AM I would threaten to call Nasdaq complaints.

i'm there..the local NAS guy is who got Scottrade corporate to call me...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
if they are smart? they will run their ad campaign AFTER they buy a bunch back dirt cheap....so don't expect a big PR push right away ...LOL

the company WILL be buying all the market orders and everything thrown at them, then they will still have much to make up, I will not be surprised if this sucker has a run on monday.

I know everybody is saying to many shares, but someone has to buy them and remove them from the market.....

bedtime I'm out!
 
Posted by glassman on :
 
thanx tex....
 
Posted by BuyTex on :
 
musketeers...
 
Posted by <RebelYell> on :
 
Hindsight is always 20-20. I should have held everything, but when the stampede started, it was hard to turn down a triple and keep freebies, especially on Friday. After things slowed down and I had a chance to think about it, I think that this may still have some upside. I guess that this is easy for me to say NOW, since I can't lose unless the trades are reversed, but I won't give the rest of my shares away.
 
Posted by drew on :
 
personally I can't wait to see how this all plays out.. What a ride it has been so far!


GLTA!
 
Posted by BuyTex on :
 
whr u been?
 
Posted by BuyTex on :
 
ne' er mind=peace out
 
Posted by dishgal1 on :
 
Was watching IHUB posters and someone posted GLKC........implying the same situation as GVRP if anyone wants to dd it.
 
Posted by dishgal1 on :
 
It seems like you boys had a late night last night. Lots of great discussion here. Must be sleeping late this AM....LOL Better get plenty of rest this weekend, Monday will require an enormous amount of energy just watching this play out. I haven't had this much fun with stocks in a very long time.
 
Posted by cruz on :
 
i am here dishgal1. i am rebuilding a couple of computers so i have a lot of idle time installing stuff.
 
Posted by cruz on :
 
i am curious to know what are some of the sell plans you guys have in mind. if 0.0001 is the bottom, it can only go up from that point. they can't r/s because they don't have any shares (only a few). would you guys agree by wed if it is not higher than 0.001 - sell.
 
Posted by dishgal1 on :
 
Cruz, to be honest, I am in no hurry to sell....that is just the way I feel now. With all the scrambling on Fri, I think good things may happen. My thoughts are bottom is as low as it can go so why be in a hurry? Right? You and I agree on that. If we start flooding the market with all these shares there will be no incentive for it to go up....I may be way off base here but who can even begin to guess what will happen. If it starts to climb I will probably sell in small chunks...........what ever I do I plan to keep at least 1 million shares in the end and I believe that is Raptors plan also (he's my son). There should be a lot of excitement next week.

I personally think we shouldn't be too eager to sell them back....make them work for the shares...LOL
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Was watching IHUB posters and someone posted GLKC........implying the same situation as GVRP if anyone wants to dd it.

opposite, price dropped to early, traders got stock to quick, a few traders picked up on it and bought, it went up with the SHORT COVERING
(thats what I'm hoping for here)
 
Posted by cruz on :
 
thanxs for your hard work on this keithsan. you did get your shares did you? are you thinking they will revert it? i would also like to thank everyone else who has worked hard on the dd.

quote:
Originally posted by keithsan:
ON this trade SO FAR, cuz it aint over, I verbally abused someone at ameritrade, got an angry secretary at digikidz or whatever this company is.

put on hold 10 times at nas. Talked to crank TA people that had 4 different answers. Everyone I talked to everywher I had to get someone new, its unbelievable but the people answering phones know NOTHING! NOTHING!

I am telling them NO you are wrong, I get my shares now. No, EXDATE matters that is MONDAY etc... waccky.


 
Posted by dishgal1 on :
 
So Keith, Good morning! Are you planning to hold off on the selling or do you think I am way off base here?
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
i am curious to know what are some of the sell plans you guys have in mind. if 0.0001 is the bottom, it can only go up from that point. they can't r/s because they don't have any shares (only a few). would you guys agree by wed if it is not higher than 0.001 - sell.

I won't be sellin at the open monday you will have a LOT of people selling at the bid. IMO there will be short covering like we saw friday. The MM's will take the cheap and easy shares first. I held this long, they're working for mine.
 
Posted by cruz on :
 
do you think the split shares are a done deal. no taking it back? i am enjoying the billion plus accout value in my ameritrade account now. i know the pps is not adjusted yet but i can say i am a billionare on paper.
 
Posted by cruz on :
 
each 0.0001 rise on the bid is 35000 grand for me.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
do you think the split shares are a done deal. no taking it back? i am enjoying the billion plus accout value in my ameritrade account now. i know the pps is not adjusted yet but i can say i am a billionare on paper.

NO done deal yet!
 
Posted by dishgal1 on :
 
How could they take them back Keith? I mean wouldn't they have done something sooner?
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
How could they take them back Keith? I mean wouldn't they have done something sooner?

Not sure, haven't seen this case. there are a lot of doubtfull outcomes they could halt trading etc....just gonna wait and see.
 
Posted by glassman on :
 
this is just as bad as a real estate deal i am negotiating right now...LOL

seems the seller (son-in-law) has built (my, lol) new studio halfway on his in-laws property with their permission of course, and they want me to buy all of their lot too,
BUT,

i've got a contract, and i'm sticking to that...

i'll buy the rest of the lot later...when i'm good and ready...
 
Posted by dishgal1 on :
 
Homeland Productions huh?

http://www.pinksheets.com/quote/company_profile.jsp?symbol=GVRP



GVRP -- GLUV Corp.
Com (No Par)(New)

Address:
503 W. 8th St.
Suite 105
P.O. Box 574
West Point, GA 31833
USA


Website: http://www.gluvcorp.com
Phone: 706-645-9410
Fax: 706-645-9411


Business Description: Not Available

State of Incorporation: FL


Officers:
Lanier M. Davenport, Chairman; James L. Shepherd, CEO; Janet E. Sikes, CFO

Outstanding Shares: Not Available

Estimated Market Cap: Not Available


Current Capital Change:
shs decreased by 1 for 6500000 split
Ex-Date:
Record Date:
Pay Date: 2005-05-12

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09

Company Notes:
Formerly=e-Connect Network, Inc. until 3-03


Class Notes:
Capital Change=shs increased by 4 for 1 split. Ex-date=2-21-03. Rec date=2-20-03. Pay date=2-20-03


Transfer Agent:
Interwest Transfer Co., Inc., Salt Lake City, UT 84117


The information provided here has been obtained from publicly available sources as well as directly from issuers in some cases.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
this is just as bad as a real estate deal i am negotiating right now...LOL

seems the seller (son-in-law) has built (my, lol) new studio halfway on his in-laws property with their permission of course, and they want me to buy all of their lot too,
BUT,

i've got a contract, and i'm sticking to that...

i'll buy the rest of the lot later...when i'm good and ready...

your ok G, if you have the contract, allowing to be built there, you should be allowed to sell it there too, without buying the lot. As long as you have a contract for their land usage....
basically an easement
 
Posted by glassman on :
 
yeah, i've been wondering how homeland fits in too....


this is a reverse merger where the digikidz are acquiring this co., so somebody is spinning out homeland ...
maybe the that's where the people from GLUV will be going?
 
Posted by keithsan on :
 
read the last pr, gluv is no longer its digikidz entertainment or sumptin
 
Posted by dishgal1 on :
 
This isn't listed under GVRP NEWS but found it by typing in Homeland Productions........
Welcome [Sign In] To track stocks & more, Register
Financial News
Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup







Press Release Source: GLUV Corp.


GLUV Corp. Announces Dividend of Homeland Productions, Inc. Shares to Shareholders
Friday April 29, 2:53 pm ET


WEST POINT, Ga., April 29 /PRNewswire-FirstCall/ -- GLUV Corp. (Pink Sheets: GLVP - News) today announced that shareholders of record on May 9, 2005 at 5:00 PM EDT will receive a dividend of one common share of Homeland Productions, Inc. for each common share of GLUV Corp. owned at that time.
Homeland Productions, Inc. is a private Georgia Corporation that owns all of the assets formerly held by GLUV Corp., consisting primarily of video production operations. Additionally, Homeland Productions, Inc. owns Bisconte Leather Corporation, a Tennessee Corporation, which owns certain intellectual property relating to, and rights to market, certain leather products.

Homeland Productions, Inc. will be debt free after the dividend. GLUV Corp.'s current debt (in excess of $320,000) will remain an obligation of the remaining non-operational GLUV Corp.

Homeland Productions, Inc. will be based in Birmingham, AL and James Shepherd will serve as its President. According to Mr. Shepherd, "The opportunity to leave over $320,000 of existing debt behind, and operate in a debt free environment is a significant opportunity for the shareholders. It is my hope that over the next several years we can grow Homeland Productions, Inc. into a profitable public reporting company. We are currently involved in several very exciting projects which I will be discussing in greater detail in a forthcoming letter to shareholders." At the outset, Homeland Productions, Inc. shares will not be publicly traded.

After the dividend, the Lanier M. Davenport Sr. Family Trust, which is a major creditor and shareholder of GLUV Corp., will assume or arrange for payment of all the corporation's debts to creditors other than itself. It will then acquire however many shares it determines to be necessary so that minority shareholders will be eliminated through a reverse stock split (a conversion of outstanding debt to equity at the anticipated per share price could result in the issuance of more than 600,000,000 additional shares). On May 10, 2005, the corporation will do a reverse stock split in which one new share of GLUV Corp. will be issued for every 6,500,000 old shares. Fractional shares will not be issued. Instead, shareholders who would otherwise receive a fractional share will be paid the value of their shares. Since the corporation will have no assets or business, and substantial debt, it is anticipated that the value of the shares will be only nominal, but the corporation will value the old shares at $.0005 each for purposes of the repurchase.

Isn't this the one that sort of disappeared?
 
Posted by keithsan on :
 
dish your supposed to read those before you buy [Smile]
 
Posted by keithsan on :
 
WEST PALM BEACH, Fla., May 17, 2005 (BUSINESS WIRE) -- GLUV Corp. (Pink Sheets:GVRP), announced today it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.
The transaction requires all current officers and directors of GLUV to resign, and provides for the appointment of the Media Magic management team to their appropriate positions in the new company
 
Posted by glassman on :
 
yup, and the forward split after the RS is what they messed up....they were counting on "erasing" the debt thru share issues...
 
Posted by dishgal1 on :
 
Keith, I did read them, but DD didn't really matter with this stock now huh? LOL
I had trouble finding them later though. That is why I posted them here. It seems as though they continue to disappear.
According to the last one.....0005.......are they referring to the shares we own or is this retro to the reverse split?
 
Posted by glassman on :
 
is this retro to the reverse split?..yes
 
Posted by dishgal1 on :
 
Basically then, why does GLUV Corp even exist? Could Homeland be planning to use them as a shell company ?
 
Posted by glassman on :
 
GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.
 
Posted by dishgal1 on :
 
Oh yeah! I remember that...duh.....well hey they may just cook up some pr's to sell these turds. LOL
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Keith, I did read them, but DD didn't really matter with this stock now huh? LOL
I had trouble finding them later though. That is why I posted them here. It seems as though they continue to disappear.
According to the last one.....0005.......are they referring to the shares we own or is this retro to the reverse split?

dd on it still doesnt matter. they are talking the shares we own [Smile]
 
Posted by glassman on :
 
it may even be a good co. [Big Grin]
 
Posted by dishgal1 on :
 
Guys, we are starting to sound like the CMK threads.....we are getting addicted to this stock. It is the weekend, it is PREAKNESS DAY....I can't believe I haven't finished my handicapping. This stock sparked my fire for stocks again....I am ready to start DDing again....it is a challenge to me once again. LOL

Let's make some money!
 
Posted by glassman on :
 
this is how money is printed.....

we intercepted the armored car on the way from the mint to the bank [Big Grin]

LEGALLY [Razz]
 
Posted by Raptorsrule on :
 
Morning all.....I don't think I'm going to work Monday....LOL....gotta see this one through.

DISH, Keith, Glass, Where is the money going to come from to buy all these shares???
 
Posted by glassman on :
 
DISH, Keith, Glass, Where is the money going to come from to buy all these shares???

that's why i said don't get in too deep..LOL


go start reading CMK? threads LOL
 
Posted by dishgal1 on :
 
Raptor! Shame on you! Not going to work? You bad bad boy! Your excuse? Why, this little old pink sheet stock!
 
Posted by dishgal1 on :
 
Glass, I am holding only 50 shares......sold 50 on Fri. My motto: "A bird in the hand is worth 2 in the bush!"
 
Posted by keithsan on :
 
the covering from insurnace companies etc...thats where we want money to come from traders from .0001 -5 to
 
Posted by Raptorsrule on :
 
Glass....yeah right...LOL

Honestly guys....if this trades Monday...won't it be at .0001???

Dish....sorry....tis little pinky is exactly why I'm not going to work...would you?

How about you Keith...you going in...

Glass....don't even say it...LOL
 
Posted by dishgal1 on :
 
Son, I may have to cancel my eye appointment on Tues. Will see how Monday goes. See>>>>>>>>>>We are addicted. This is awful. But oooooh so much fun!
 
Posted by dishgal1 on :
 
Got this off the IH board......

Posted by: Mr. Bill
In reply to: None Date:5/20/2005 12:23:38 AM
Post #of 297

Pooled CASH Dividend cost and PAYOUT for 1 BILLION shares!

Cash pps dividend 1 BILLION shares
$3300 for 33M shares = .0001 per share dividend -> $100K CASH
$6600 for 33M shares = .0002 per share dividend -> $200K CASH
$9900 for 33M shares = .0003 per share dividend -> $300K CASH
13.2K for 33M shares = .0004 per share dividend -> $400K CASH
16.5K for 33M shares = .0005 per share dividend -> $500K CASH
19.8K for 33M shares = .0006 per share dividend -> $600K CASH
23.1K for 33M shares = .0007 per share dividend -> $700K CASH
26.4K for 33M shares = .0008 per share dividend -> $800K CASH
29.7K for 33M shares = .0009 per share dividend -> $900K CASH
33.0K for 33M shares = .0010 per share dividend -> $1 MILLION
________________________________________________________________

Mack had a great idea. If we could elect new officers (the existing ones would not do this for sure IMO due to vested losses) and adopt a dividend which we asked shareholders to contribute to we could pay out a dividend. The amount we raise would be magnified by the short factor, IMO near 2000. This is a big number.

For instance see below, Cash amount is for 1 BILLION shares owned after the FS.

How would we organize and do this ? Mack has a great idea. If we pooled a little cash and then declared a dividend on the legitimate 33M shares we could force the SHORTS to pay out or cover at .0003 in a dividend. The greater the "Pool" the greater the pressure to cover the short or else pay an enormous amount. If we could pool $33,000 then cash dividend of .001 cents. Most would make a fortune off of $33,000. The key is organizing to do it. If we do and can find a way the funds will come in. A dividend at .001 with a short of 2000 for each share would be 66 MILLION dollars just to cover the dividend. The alternative would be to take shares out of the market and be done with the short. 4 BILLION shares @ .001 = $4 MILLION dollars. What ever the dividend was set at seems to be where the price per shorted share would tend to go. They would either have to buy the share or pay the dividend. The higher one sets the dividend the greater the ultimate profit. Set the cash dividend to occur in a short time frame. How could we quickly change ownership of the company and move in such a manner ?

In reply to: Mack who wrote msg# 46317
Date:5/20/2005 12:02:40 AM
Post #of 46325

Brilliant idea. $3300 would be a .0001 dividend per share. That would require those that were short by a factor of about 2000 to shell out 6.6 MILLION dollars ($3300 * 2000). This makes the assumption that each share has been sold 2000 extra times. This might be a little less. In any case it is a huge number and a little bit of cash could by the dividend itself cause short covering at .0001 cents. This is the GREATEST idea I have heard yet. Maybe SSP and others might have an idea how we could get this started? This is by FAR the BEST way I have heard anyone suggest to force the short cover. GREAT IDEA MACK. Since technically all of us as a whole as well as other trader friends control the company how could we move ahead with organizing this? I will gladly throw in $100. I bet lots of others would too. Heck, if we could raise $10,000 that would be a dividend of .0003 per share. Think what 1 BILLION shares of stock at .0003 would be worth? $300,000.00 !!!
 
Posted by glassman on :
 
hmmmmmmmmmmm............

i think herding 100 cats thru a ballroom full of 10 yr old boys on rocking chairs would be easier....
 
Posted by dishgal1 on :
 
Well, those were my thoughts but I wanted to get yours and keith's opinions.
 
Posted by Purl Gurl on :
 
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--
May 20, 2005, 20:33 EST --GLUV Corp.
(Pink Sheets:GVRP - News), announced the
SEC has imposed a two day trading halt on
GVRP stock beginning May 20, 2005, 17:30 EST
until May 23, 2005, 08:30 EST. A spokesperson
at GLUV Corp. commented, "There are some concerns
about fluidity of common shares and a recent
reverse split. We are confident these issues
will be resolved quickly and trading will resume
within a short period of time."

Purl Gurl
 
Posted by dishgal1 on :
 
Whoooooo! Good find.
 
Posted by glassman on :
 
no doubt that's the borkers arguing over who takes the fall...
 
Posted by dishgal1 on :
 
Come on Glass, don't go to sleep now......tell us what you think.
 
Posted by <gfx123> on :
 
Where did that news release come from? I have searched news and cannot find it.
 
Posted by dishgal1 on :
 
That doesn't make any sense at all.....beginning 17:30 (After market close until Monday 8:30) How is that a halt?
 
Posted by glassman on :
 
i think we'll get $crewed, that way i won't be disappointed... [Big Grin]
 
Posted by trailster on :
 
My first post.. been lurking since fall. This GVRP thing is intriguing. A squeeze does seem plausible and you would think the buy-back has to happen at some point. But if SHO covering, lol, is any indication, couldn't this thing just sit on the bottom for months while they slowly buy back at quadruple-zero prices?
 
Posted by glassman on :
 
there is trading outside of the markets....
 
Posted by TampaInvester on :
 
A trading halt on the weekend?? yeah it doesn't make any sense..

scottrade guys...are we getting our shares monday morning?
 
Posted by glassman on :
 
quote:
Originally posted by trailster:
My first post.. been lurking since fall. This GVRP thing is intriguing. A squeeze does seem plausible and you would think the buy-back has to happen at some point. But if SHO covering, lol, is any indication, couldn't this thing just sit on the bottom for months while they slowly buy back at quadruple-zero prices?

absolutely, but there is still opportunity to make bucks here for the MM's and the borkers.... look up the term "churning"
 
Posted by Peaser01 on :
 
Um, who was it that called the SEC anyways? lol
 
Posted by glassman on :
 
half a dozen people claim they did....

we may be on 60 minutes in a week or two [Big Grin]
 
Posted by BuyTex on :
 
quote:
Originally posted by Peaser01:
Um, who was it that called the SEC anyways? lol

--gulp-- me, for one. The plan was to stir up pressure to make sure our shares got delivered...
 
Posted by keithsan on :
 
otcbb is closed, pinksheets and yahoo didn't have news which isnt news anyways since it is the weekend, someones pulling our chain.
 
Posted by dishgal1 on :
 
Is this for real? Or is this another mess up by GVRP? I went to sec can't find anything on it. By the pure fact they halted on the weekend, could this be a ploy to scare everyone?
 
Posted by glassman on :
 
relax TEX, you done the right thing...

i have (SUPPOSEDLY) seen trades posted as evidence in the CMK? court case that show trades in pinks are done outside the market.....
JEFF supposedly offered their records as evidence.. it does happen (so i am told)....
 
Posted by BuyTex on :
 
ticker symbol and "halt" search on SEC page returns nothing...is that where any official notice would be published?
 
Posted by dishgal1 on :
 
Copied this from SEC This maybe the reason if it is true. If you notice GLUV corp is the one who released this.



Trading Halts and Delays
Securities exchanges, such as the New York Stock Exchange (NYSE) and American Stock Exchange (Amex), as well as the Nasdaq Stock Market, have the authority to halt and delay trading in a security. A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day.

There are two types of trading halts and delays—regulatory and nonregulatory. The most common regulatory halt and delay happen when a company has pending news that may affect the security’s price (a "news pending" halt or delay). By halting or delaying trading, market participants can have time to assess the impact of the news. Another type of regulatory halt happens when a market halts trading in a security when there is uncertainty over whether the security continues to meet the market’s listing standards. When a regulatory halt or delay is imposed by a security’s primary market, the other U.S. markets that also trade the security honor this halt.

Nonregulatory halts or delays occur on exchanges, such as the NYSE and Amex (but not on Nasdaq), when there is a significant imbalance in the pending buy and sell orders in a security. When an imbalance occurs, trading is stopped to alert market participants to the situation and to allow the exchange specialists to disseminate information to investors concerning a price range where trading may begin again on this exchange. A nonregulatory trading halt or delay on one exchange does not preclude other markets from trading this security.
 
Posted by dishgal1 on :
 
This may be to re-establish our price per share for one thing, not to mention the other problem they have with so many outstanding shares. Sound logical?

I still have a feeling this is just another messed up PR.....
 
Posted by keithsan on :
 
I wont be surprised if this is halted, its a complete mess, I have 100 times the OS in my account, Nasdaq can't let it happen.
 
Posted by glassman on :
 
i really do think the brokers are probably on the hook for some of this cuz of the way they trade our margin accts..

pure specualtion here, but it's just like being a Wash. bookie who doesn't lay off his Redskin bets in Philly?
 
Posted by dishgal1 on :
 
I think they are just trying to scare us. I found no record of a halt anywhere.
 
Posted by Purl Gurl on :
 
Yes, this is a rather entertaining stock.

That news has already hit the Investors Hub boards.

Purl Gurl
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
relax TEX, you done the right thing...

i have (SUPPOSEDLY) seen trades posted as evidence in the CMK? court case that show trades in pinks are done outside the market.....
JEFF supposedly offered their records as evidence.. it does happen (so i am told)....

thanks, glassman
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Yes, this is a rather entertaining stock.

That news has already hit the Investors Hub boards.

Purl Gurl

can you give a link, i can't find it.
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
I think they are just trying to scare us. I found no record of a halt anywhere.

why would we be scared, they would have to pay us back.
 
Posted by BuyTex on :
 
"gluv" search at businesswire.com returns only the May 17 hed about entering the entertainment industry...
 
Posted by keithsan on :
 
interesting scenario thoughts from someone else not sure from where, was emailed to me; some of the same things we've been saying all along.

Rule 203 is a big plus and contributes a lot to the general discussion of naked shorting/delivery failures - we need a lot more discussion of the issue...lol.

Great questions BTW; I will address your questions in the order you asked them...

* Technically, is the OS still 33M and the Auth 100M and just a huge naked short/fail to deliver position exist due to the sales above 11 shares that are yet to be covered?

The short answer is yes. But what is important and the reason I drew the distinction between a "long" sale without the ability to deliver and a "short" sale with no borrow is that the responsibility for delivery falls in different places for the two cases.

For the "long" sale, responsibility for delivery rests with the seller. In our GVRP case, he was likely assured by the Transfer Agent that the shares were "good" and it is even likely that the broker(s) also checked with the T/A before executing the sales. How financial responsibility will be divided up among those three parties remains to be seen. But the seller believed (a generous assumption) they were good and they weren't - I would guess the T/A's insurance company is not having a good weekend.

In the case of a true "short" sale, the short seller is not obligated to deliver the shares - that responsibility is with the broker who executed the sale. Typically, brokers will find a borrow before executing those sales. If they don't i.e. sell a naked short, the brokers are in trouble if at T+3 there is still no borrow. For our present discussion I'll skip the market maker's role - but their role in these markets also makes for a very interesting discussion (I am a master of understatement).

* Must those shares be covered in the open market place?

That can't happen without dramatically increasing the number of shares in the market. Let us assume that by the close on Friday, 150,000 shares of GVRP remained in the float (that number includes the 11 "real" shares...lol). However you move around the post split shares (all 33,000,000 of them), you can never cover the 450,000,000,000 post split shares that came from splitting Friday's closing float.

I frankly have no idea how they plan to extricate themselves from this predicament. But I think the likelihood of the company trying to buy up the float is virtually zero. I also would not be surprised to see one or more of the regulators step in - trading halt while it gets sorted out; stop the forward split; make last week go "poof"...don't have a clue. All new territory on this one but I see only a few awful solutions among a bunch of terrible ones.

* What timeframe must these be covered if indeed that is the case ?

I don't know the answer to that one beyond the normal requirement that the seller must deliver the shares on a long sale by T+3. Most of the sales from early in the week are already over that limit.

* Are the Brokers responsible for covering if the client cannot ?

The answer to that one depends on whether or not the brokers "should" have known the shares were not going to be available. A lot of warnings were given to a lot of people early on. By Friday, claiming ignorance seems like a pretty weak argument. My guess would be that the T/A (or their insurance company) will be first in line to pay claims but I could be wrong. We really don't know any details about what went on "inside".
 
Posted by dishgal1 on :
 
why would we be scared, they would have to pay us back.

I was referring to us being scared and maybe we would do a market order hoping to get rid of our shares. They would be getting them in the cheapest manner possible.
 
Posted by keithsan on :
 
still no link to the news, just a hoax so far.
not that it matters, in fact on my account, all my stocks are halted but i was expecting that...
 
Posted by Purl Gurl on :
 
* thinks she will be reduced in rank from a
four star general to a private no class *

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
* thinks she will be reduced in rank from a
four star general to a private no class *

Purl Gurl

you got class baby, LOL I would never reduce your rank.
 
Posted by Purl Gurl on :
 
From the IH board, which is expressing concerns
about this trading halt,

Posted by: sweetpepperjam
In reply to: None
Date:5/21/2005 2:29:18 PM

For those of you that use E*Trade, this is the
response I received today from them regarding GVRP
post split shares:

"Your inquiry has been reviewed. Unfortunately, it
is not entirely clear when new shares will post.
Due to the conflicting reorganization information
we have received, if you call in we will place the
trade based on the current information available to
us. You will need to acknowledge the potential for
open liability on pending actions before your
order can be accepted. Should you have any further
concerns, please do not hesitate to contact us.
Thank you."


Purl Gurl, working on zero stars
 
Posted by keithsan on :
 
i still want to know what halt????
 
Posted by BuyTex on :
 
Purl,

was going to try biz wire again and compare one of their releases with that one from ihub, but now the page takes forever to load--could that be from too much traffic, eg, other folks looking this?
 
Posted by Purl Gurl on :
 
Well, that halt in the news, of course.

Private Purl
 
Posted by Purl Gurl on :
 
Sam Houston out of the Great State of Texas, asks,

"...forever to load--could that be from too much
traffic, eg, other folks looking this?"

Probably. Appears there is some interest in
that news release.

KP Duty Purl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Well, that halt in the news, of course.

Private Purl

link pleeeeeeeeeesssssseeeee
 
Posted by BuyTex on :
 
keithsan, here's a reply link:

http://www.investorshub.com/boards/read_msg.asp?message_id=6424703
 
Posted by keithsan on :
 
LOL i want an actuall new release shouldn't be that hard.
 
Posted by lucror on :
 
went to businesswire no problem loading now was a few minutes ago there is no news about gvrp being halted

until link provided consider info wrong
 
Posted by Purl Gurl on :
 
I've noticed all of my stocks are halted today.

In Deep Poo Poo Purl
 
Posted by dishgal1 on :
 
Folks, I don't think this is for real....weekend halt? They are putting out more garbage it seems.
 
Posted by BuyTex on :
 
looking like a spoof to me, that's why i wanna compare one of their actual releases...
 
Posted by Purl Gurl on :
 
I said,

"I've noticed all of my stocks are halted today."

Ducking Rocks Purl
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
still no link to the news, just a hoax so far.
not that it matters, in fact on my account, all my stocks are halted but i was expecting that...

bump me too
 
Posted by dishgal1 on :
 
Purl why are your stocks halted? Mine aren't. Were you a bad girl? LOL
 
Posted by cruz on :
 
exactly... i wish i could take off work monday. of all days i am going to be very busy. i have a big project to get out that day. anything i should wathc out for monday in particular or should i be safe into tuesday. just your opinion of course. i know i will have to make the decision.

quote:
Originally posted by keithsan:
the covering from insurnace companies etc...thats where we want money to come from traders from .0001 -5 to


 
Posted by glassman on :
 
LOL dishgal, Purl Gurl is always in the vicinity of trouble, run a google... [Big Grin]
 
Posted by Purl Gurl on :
 
Here is a link to that halt news,

http://www.investorshub.com/boards/read_msg.asp?message_id=6425073

She Did It Again Purl
 
Posted by BuyTex on :
 
RINGGOLD, Ga.--(BUSINESS WIRE)--Oct. 30, 2003
Gluv Corporation (Pink Sheets:GLVP),


Union Equity Inc. (Pink Sheets:UNQT - News)

actual datelines/hedz you can & find
--------------
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--
May 20, 2005, 20:33 EST --GLUV Corp.
(Pink Sheets:GVRP
the suspect dateline & hed

Looks like somebody cut n paste a hed for a company in Florida and spoofed the rest...
 
Posted by BuyTex on :
 
ooh, well there you go...
 
Posted by glassman on :
 
PG might have been called a coyote in an earlier time...
am i correct in my understanding that some native americans considered the coyote a happy-go-lucky trickster or am i confused?
 
Posted by keithsan on :
 
found this.

RELAX - Halt News Is A Joke - Please Read

Never expected this to spread like wildfire.

That news is a joke, a "weekend" halt in trading.
The spoof was aimed at a select few for a laugh.
Someone grabbed the news without first giving
thought to the dates and times, then spread it
to this site.

Everything about this GVRP stock is a joke, lots
of humorous banter going about, lots of real
concerns as well. We need a little humor to
help relax our anxieties.

Please relax. There is no truth to that news.
It is a complete spoof for fun.

A trading halt over the weekend. That's all!

Again, please relax and enjoy a laugh.

This shows just how gullible all of us are
and how rumor becomes fact in lieu of thinking.

PLEASE RELAX - it was a good spirited joke, only.

Purl Gurl
 
Posted by trailster on :
 
From GVRP PR:

"After effecting the merger, Gerald C. Parker and Robert W. Pearce will serve on the Board of Directors of the new entity, Gerald C. Parker as Chairman of the Board, and Robert W. Pearce as Chief Executive Officer, Secretary and Treasurer of Media Magic."

One would think these guys know what they are doing. Check this link:

http://www.royalpalmcgi.com/pro_staff.html
 
Posted by cruz on :
 
how can this be a two day trading halt? May 20, Friday - 5:30 PM EST to May 23, Monday - 8:30 AM EST. Time screwed up?

quote:
Originally posted by Purl Gurl:
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--
May 20, 2005, 20:33 EST --GLUV Corp.
(Pink Sheets:GVRP - News), announced the
SEC has imposed a two day trading halt on
GVRP stock beginning May 20, 2005, 17:30 EST
until May 23, 2005, 08:30 EST. A spokesperson
at GLUV Corp. commented, "There are some concerns
about fluidity of common shares and a recent
reverse split. We are confident these issues
will be resolved quickly and trading will resume
within a short period of time."

Purl Gurl


 
Posted by glassman on :
 
yes, trailstr, i do think they know what they are doing,
BUT it is just my opinion....

the NS issue is being exploited in many ways....
 
Posted by trailster on :
 
kinda looking that way..
 
Posted by Purl Gurl on :
 
Glassy, while laughing, inquires,

"...considered the coyote a happy-go-lucky trickster...."

Yes. However, traditionally in the western areas
of America, a coyote is considered a "ghost" because
you cannot catch nor kill a coyote.

Interesting, in my native tongue, Choctaw, there
is no word for coyote. Best description, based
on western tradition, is,

"Ofi Shilombish"

Ghost Dog

Always In Trouble Purl Gurl
 
Posted by cruz on :
 
i need to read the whole thread before i reply to something. obviuosly a joke. off to mow the lawn.
 
Posted by Purl Gurl on :
 
Coyote is a trickster celebrated in Indian songs
and stories from the Gulf of Mexico to the Northern
Plains and from the Pacific Ocean to the Mississippi
River. But nowhere is he more infamous than in the
Southwest, where he appears in many forms. Coyote
is a wise fool who teaches tribal rules by breaking
them. No matter how tricky he is, the joke is
always on Coyote in the end. The most important
thing he teaches is that people shouldn't take
themselves too seriously.

A PIMA TALE

He's Appointed To The Study The Stars This guy,
Coyote, was always appointing himself over people,
wanting to show them he could do anything, however
hard it was. So the medicine men, wanting to find
out if it was true, said, " Maybe he's just a
fraud."

They says to him ,: Uncle ! Uncle !! You're so fast
and wise about everything that you should go and
find out for us what those things are doing
shinning up there every night."

As they said this, they pointed to the stars.
Coyote took them seriously.

So Coyote went off and didn't return for a long
time. Then suddenly , he came back, singing,

BENEATH THE HEAVENS ABOVE US
THERE ARE ROUND POOLS OF WATER,
EACH TIME COYOTE DRINKS FROM ONE,
HE SEES HIS REFLECTION AND SAYS,
" I-TOI" (ALL DRUNK UP)
BUT WHEN HE CATCHES ON,
HE LAUGHS QUIETLY AT HIMSELF.

- Ojilaka Zicahota

Coyote Purl
 
Posted by dishgal1 on :
 
Cruz you must not be from Texas if you are mowing the lawn. It is a scorcher out there. What happened to our unseasonably cool May? It has gone bye bye. The only way you can go outside is to go in the pool.
 
Posted by keithsan on :
 
************IS IT MONDAY******************
 
Posted by dishgal1 on :
 
--------------------------------------------------------------------------------
************IS IT MONDAY******************


No, but I wish it would hurry up and arrive...LOL
 
Posted by dishgal1 on :
 
Keith do you play the ponies?
 
Posted by keithsan on :
 
now and then for the big races, if i woulda bet this year, woulda hit the kentucky, GIACOMO's is an italian place in the north and my wife and I eat at. woulda bet him and buzards bay which i think came in last.
 
Posted by cruz on :
 
dishgal - i just got done mowing the lawn. I am now enjoying a nice glass of 5 yr kOOlaid (actually a dr pepper). anyway, like keithsan said, "I want my shares." and i want to be paid. i don't care who f'up. they can't blow this up. they are hiding this from the media or avoiding getting this out. Buy if they don't get what is ours, we need to band together and exploit this to the media. ameritrade recognized the f/s or i wouldn't be sitting on 350 million. they pulled every notice that was out there to avoid a mess up. it leaked and keithsan got a hold of it and kindly shared it with us.

we need to band together should they screw with us.

quote:
Originally posted by dishgal1:
Cruz you must not be from Texas if you are mowing the lawn. It is a scorcher out there. What happened to our unseasonably cool May? It has gone bye bye. The only way you can go outside is to go in the pool.


 
Posted by Purl Gurl on :
 
Glassful discusses my sordid ways,

"Purl Gurl is always in the vicinity of trouble...."

* yips and yammers *

Do you remain happy I have returned to Allstocks?

Coyote Purl
 
Posted by cruz on :
 
this mess up has to be an insurance claim settlement.
 
Posted by cruz on :
 
Put that leather face back on Purl Gurl. I am ready for another whippin.
 
Posted by elitedb on :
 
Ameritrade just telephoned me with what they said was "a courtesy call to notify me of a 30 million for 1 split on GVRP". When I informed them I had already seen the shares in my account they said that was fine they did not need to call. I inquired about why call at all and they hemmed and hawed and really did not answer. I asked if trading would go on Monday and they said they expected it would. I thanked them for my billions and offered to sell it back to them for a penny on the dollar. They told me my account would reflect no value for the stock when the market opened but that the shares were mine. They refused comment on the naked shorting of stock that obviously does not exist in the authorized share count. They had no answer as to what we could do with the stock and told me to call back monday if I really wanted a paper certificate issued. Monday is going to be quite fun. If I thought there was any true way to get paid from some deep pocket I believe I would leave my in-house counsel job and chase this down. I know a judge here in Tennessee that would love to stick it the "corporate robber barons". LOL
 
Posted by cruz on :
 
Let's do it!

quote:
Originally posted by elitedb:
Ameritrade just telephoned me with what they said was "a courtesy call to notify me of a 30 million for 1 split on GVRP". When I informed them I had already seen the shares in my account they said that was fine they did not need to call. I inquired about why call at all and they hemmed and hawed and really did not answer. I asked if trading would go on Monday and they said they expected it would. I thanked them for my billions and offered to sell it back to them for a penny on the dollar. They told me my account would reflect no value for the stock when the market opened but that the shares were mine. They refused comment on the naked shorting of stock that obviously does not exist in the authorized share count. They had no answer as to what we could do with the stock and told me to call back monday if I really wanted a paper certificate issued. Monday is going to be quite fun. If I thought there was any true way to get paid from some deep pocket I believe I would leave my in-house counsel job and chase this down. I know a judge here in Tennessee that would love to stick it the "corporate robber barons". LOL


 
Posted by jason10 on :
 
my big question is would they really reverse every single transaction made in gvrp this week?

that would be thousands of transactions and hundreds of people pissed about money being STOLEN out of thier accts including mine since i sold my shares friday

this troubles me if i had my money in another stock would they reverse that transaction too?
 
Posted by BuyTex on :
 
Ameritrade peeps: anybody else get a phone call? elitedb, have they ever called you before, weekend or not? hmmmm....

How can they have "no value"?
 
Posted by dishgal1 on :
 
How can it have "NO VALUE"......zero? It looks like .0000021 for 150 million would be at least 315 dollars.

Ameritrade called me last night. They called everyone involved in this stock. That is where I got the value of 0000021.

Gottal watch the PREAKNESS
 
Posted by <gnp235> on :
 
What about me, selling a dog stock (at a loss) Monday morning in order to secure the funds to buy GVRP? I would want the money back that I lost over that transaction too, in addition to any "settlement" money.
 
Posted by <gnp235> on :
 
I said Monday, I meant Friday morning....oops! See how easy it is to make mistakes on transaction dates, ROFL!!
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
Ameritrade peeps: anybody else get a phone call? elitedb, have they ever called you before, weekend or not? hmmmm....

How can they have "no value"?

cuz there is no price post split, as soon as it opens you'll know the value.
 
Posted by keithsan on :
 
...there is some growing interest on buying in monday am on some of the shorting boards, some are expecting a big short squeeze, but expecting it to take a couple of days....

i'm not so sure, I'm gonna feel it out, if the bids not whacked to hell I may have a buy in the am.
 
Posted by dishgal1 on :
 
Keith, no they have never called me before. (Ameritrade)
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Keith, no they have never called me before. (Ameritrade)

no one called me.
 
Posted by BuyTex on :
 
any idea where the ".0000021" valuation might be coming from, keithsan?
 
Posted by keithsan on :
 
.00002 is just from dish's talk with ameritrade, they have no clue. they're just guessing from shares out etc...you didn't buy this stock cuz of the value. you bought for the play, all next week will be the play. Does the company have to buy up all them shares......will it cause a run... we'll find out.
 
Posted by keithsan on :
 
...also remember at ameritrade you can only sell as low as .0001
 
Posted by dishgal1 on :
 
If you divide 6.50 closing price by 3 million that is how they arrive at the price is the way I understand it.
 
Posted by dishgal1 on :
 
Afleet Alex won......yay...........great horse ...now we have to find the fresh horse for the Belmont Stakes
 
Posted by cruz on :
 
no one from ameritrade called me but maybe they have tried and i wasn't home. i haven't been around much today. steppin back out on a date with my wife.
 
Posted by BuyTex on :
 
or, more accurately, why Ameritrade caller said xx21 to Dish?
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Glassful discusses my sordid ways,

"Purl Gurl is always in the vicinity of trouble...."

* yips and yammers *

Do you remain happy I have returned to Allstocks?

Coyote Purl

you bet i am, we were getting stale around here, what's the name for bobcats? ghost cat?

by the way i finally posted my real picture in my profile......
had to have some help from my offspring to figure out how to upload a web page....LOL
 
Posted by jason10 on :
 
what a cool job glass you get to play with fire all day *drools*
 
Posted by dishgal1 on :
 
Copied this from IHUB...it seems there has been rouble before......notice PALM

Posted by: Jim Bishop
In reply to: matrix who wrote msg# 313 Date:5/21/2005 6:49:42 PM
Post #of 333

Auditor Resigns Over Nondisclosures By Bidville


Aug 13, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Bidville Inc. (BVLE) has issued a Form 8-K announcing a change in certifying accountant from Scott W. Hatfield, C.P.A., to Berkovits, Lago & Company, following Hatfield's resignation due to concerns over the company's identification of relationships in previous deals and disclosures.

Hatfield is a member of the FinancialWire editorial board of advisors.

The 8-K filing stated that on August 3, 2004, Bidville received correspondence from Hatfield, stating that the auditor was resigning "due to certain issues relating to the Registrant's Form 10-QSB for the quarterly period ended March 31, 2004 filed with the Commission on May 25, 2004 that remain unresolved.

"Hatfield advised that certain unresolved issues remained that raised a degree of uncertainty regarding the appropriate treatment of a prior transaction relating to the sale of shares of the Registrant sold by a shareholder of the Registrant controlled by the Registrant's Chairman to a third party for services to be provided by such third party for the benefit of the Registrant and the appropriate accounting treatment to record this transaction on the Registrant's financial statements," said the 8-K filing.

"Hatfield's correspondence states that the transaction was not disclosed during its field work on the review of the Registrant's financial statements and the absence thereof on the Registrant's books cause the Registrant's financial statements to not be `materially correct' and not `presented in accordance with generally accepted accounting principles'. It states further that the issues raised remain unresolved as of the date of the correspondence despite inquiries and attempts at communication with management of the Registrant and its legal counsel.

"As a consequence, Hatfield withdrew its previously issued review report for the Registrant's interim financial statements for the quarter ended March 31, 2004 included in the Form 10-QSB. In addition, Hatfield has reserved the right to withdraw its opinion on the Registrant's financial statements for the year ended December 31, 2003 depending on the ultimate resolution of the disclosure issues raised in its correspondence.

"In response to Hatfield's correspondence, management of the Registrant has undertaken an immediate and full review of the issues raised in such correspondence and is doing so in conjunction with its new accountants appointed on August 5," the company stated.

The controversy apparently arose over the company's acquisition of NoBidding, Inc., and the auditor's discomfort over the identification and disclosures of relationships between Bidville, NoBidding, Parker, National Securities, Royal Palm Capital and/or St. James Venture Group.

For up-to-the-minute news, features and links click on http://www.financialwire.net

FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp

The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268


http://www.financialwire.net



[Eek!]
 
Posted by keithsan on :
 
Glassman, I see your still firing up the bongs.
 
Posted by dishgal1 on :
 
[Confused] Getting more interesting all the time.

Posted by: Jim Bishop
In reply to: Wayne R who wrote msg# 329 Date:5/21/2005 7:06:45 PM
Post #of 333

PARKER, GERALD C.: Declared Holdings


Company/Relationship Reported Shares Ownership
BIDVILLE INC
Director
OTC BB:BVLE.OB
(historical quotes, other insiders) 20-Jan-05 10,646,050 Indirect

CIRILIUM HOLDINGS
Director
OTC BB:CRLU.OB
(historical quotes, profile, other insiders) 13-May-05 6,676,250 Indirect

HORIZON HOLDING CORP
Unspecified Relation
OTC BB:HRZH.OB
(historical quotes, other insiders) 2005-05-02 not reported
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
.00002 is just from dish's talk with ameritrade, they have no clue. they're just guessing from shares out etc...you didn't buy this stock cuz of the value. you bought for the play, all next week will be the play. Does the company have to buy up all them shares......will it cause a run... we'll find out.

agreed re the play.

posit: *someone* needs to buy > eod run Fri
with this new blob of os, is there a comfort zone for whoever that it is? ie, can they get back, say, 50% and that's good enough?
 
Posted by keithsan on :
 
tex no one know the answers to your questions.

Dish, yes at least one of the top guys seems to have deep pockets, TA has money and insurance...
should be interesting all week.
 
Posted by Purl Gurl on :
 
Cracked Glass, provides an intermission,

"...what's the name for bobcats?"

shakbatina hasimbish

wild cat bobtailed - bobtail cat

Coyote Wohwoha
 
Posted by Purl Gurl on :
 
I hold an opinion sending email to the executives
might be beneficial, perhaps prompt them to hold
to SEC rules, and not defraud us somehow.

Consider sending your own email, you are welcome
to copy mine verbatim, if you like.

To: info@royalpalmcgi.com

***

ATT: Gerald C. Parker
ATT: Robert W. Pearce

Good day,

I am writing, as many others are, to remind you of
your current short position for GLUV now known as
Media Magic Inc.

My presumption is you have been alerted a number of
times when you effected the recent reverse spilt
of GVRP stock, you reduced company common shares
to six, approximately. Subsequently, any shares
you sold beyond those six shares, are short and
have to be covered within three business days of
sell date, I believe at high noon, third day.

Some are indicating eleven shares, my calculation
shows six shares based on your last known common
share holdings. Either way, you have very few.

Many have alerted the DTCC, NASDAQ and the SEC
of these actions you have taken. All of this
is very much public knowledge. Almost all major
brokers have been alerted many times and are
currently responding to customers to acknowledge.

I am alerting you when my own settlement date
for the short shares I bought has passed, I will
advise my broker to place a demand to settle.

Again, per SEC rules, when you effected this recent
reverse split, you reduced your company common shares
to an approximated six shares. Again, any shares you
sold beyond those approximated shares, are short
and you must settle within three business days or
risk being in violation of SEC rules.

Should you not settle my personal buy, my response
will be to file a complaint with the SEC.

It is not my intent to be rude nor threatening. My
intent is purely business, not personal. I expect
you to cover for those short shares, according
to SEC regulations.

Best,

Kiralynne Schilitubi
 
Posted by BuyTex on :
 
that's my theory at this point, PG: hold everyone accountable. Could you add a line about we, the new owners...?
 
Posted by BuyTex on :
 
i mean, technically, don't the new buyers have all the stock except for what trickled out in the eod run Fri?
 
Posted by Purl Gurl on :
 
Ha! Right darn funny, Pecos Bill!

De facto, we are the new company owners. Whomever
owns over fifty percent, is the big boss. Those
holding ten percent or better, are major interest
holders wielding Colt six shooters in each hand!

I don't want to be threatening, nor too outlandish.
As it is, my email is borderline unprofessional,
especially my inclusion of "high noon" which is
added just for you, Cowboy.

Shoot 'em up! High Noon shoot-out.

Calamity Jane
 
Posted by Purl Gurl on :
 
Incidently, Marshal Dillon, I do have a serious side.

This is evidence once in a great while. My email
is a reflection of my serious side. When money is
involved, I am deadly serious.

If those varmits try any snake oil charms, I will
file a complaint with the SEC.

What I did to Henry Fahman of PRVH, will certainly
make that sphincter muscle of yours, pucker.

Annie Oakely
 
Posted by glassman on :
 
quote:
Originally posted by jason10:
what a cool job glass you get to play with fire all day *drools*

the payoff...


 -
 
Posted by BuyTex on :
 
wily coyote--great template/letter
 
Posted by BuyTex on :
 
that *is* excellent, glass...
 
Posted by Purl Gurl on :
 
That is beautiful! Clearly you invested a lot
of work into your art piece. Do you add chemicals
to create the color?

Purl Gurl, Queen Of Styrofoam Cups
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
That is beautiful! Clearly you invested a lot
of work into your art piece. Do you add chemicals
to create the color?

Purl Gurl, Queen Of Styrofoam Cups

i cheat, i have a regular pallette of about 80 glass colors that i buy from different suppliers...
i buy my clear "batch" from Orrefors Crystal of Sweden, and my glass color bars i buy from different suppliers.... each color has it's own characteristics and behaviousr when hot, so i have to try out new products all the time to find what i like...
the clear "batch" is not glass at all, till i melt it....

glassblowing is alot like trading stock, it's complicated, there is always something new to learn, and you can get burned real BAD if you are careless.....and you do get burned sometimes no matter how careful you are [Big Grin]
 
Posted by Purl Gurl on :
 
I understand! You are combining colored glass with
clear glass to create those effects. Purty!

Being sincere, you are quite talented!

For trivia, between moments of insanity, my main
squeeze makes use of wire coat hangers for welding
rod. He sends me to swap meets to buy a hundred
for a quarter. Nice nickel / iron mixture which
is strong yet flexible.

On that line, have you ever melted down bottles
which are colored? Like coke, beer and wine bottles?

Leona Helmsly
 
Posted by BuyTex on :
 
Johnny Appleseed > discussion later: If this thing opens in the cellar below the basement underneath Purl's dungeon, because we now have mini-gobs of the blob, could we mimic MMs? ie, submit a few a buys and walk it up. be gentle...or don't
 
Posted by glassman on :
 
take a little break tex, this'll eat you up if you let it...yep this might just the play of a lifetime...

but, we have till Mon. morning to find out how the play goes....

set a spell, take yer shoes off.....

check out the car wreck on Nascar ... [Big Grin]


and the fight LOL
 
Posted by BuyTex on :
 
good advice, just trying to get calibrated. as it sets, we're (**i am**) flying w/o instruments into the perfect storm...which is cool...jus like to know my options...that really is nice work, btw
 
Posted by Peaser01 on :
 
Yep, it was a good one Glass.

I'm just po'ed cause Tony was involved.
 
Posted by Peaser01 on :
 
Passed you 5 Purl. I thought I did a while back, but I guess I was wrong.

Love the pic. I know what I'll be doing tonight. lol

A little Molsen Brador and a picture of Purl. Git-r-done!
 
Posted by vg on :
 
Glassman,
I thought u were just kidding abt the glass making but thats some awesome stuff there. just got done reading the threads from yeaterda to today
I was on the phone with ameritrade this morning. they said what dish said about the shares, 0.000002167. they are dividing 6.50 (last trade) by 3 mil. And they didn't have any more information, they said call back monday when the brokers were there, but awesome work on the glass, Glassman.
 
Posted by Purl Gurl on :
 
Jesse James,

In theory, we could walk up the price.

In reality, we're screwed.

None knows what will happen Monday morning.

Nonetheless, this is probably the most anticipated
market open in history.

I am advising my friends to wait until market
open and watch what prices do. Most critical
factor will be volume. All of us need extremely
high volume to get a shot at selling.

My further advice to friends is to calculate
minimum price per volume needed to bring back
in what the stock cost them. First goal should
be to get your spent money back. After, it is
just pure profit.

Examples based on your spending $100 for GVRP,

1,000,000 shares at .0001 = $100
100,000 shares at .001 = $100
10,000 shares at .01 = $100

Work on getting your money back and go from there.

At those rates, you won't get your commission
fees back, but that is ok. Think of that as
buying a ticket to a great show! After getting
your purchase price back, work on commissions,
then work on your first billion dollars.

Patsy Garrett
 
Posted by glassman on :
 
i was dead serious when i said this trades money was ear-marked for a computer operated electric furnace...
it melts 175 lbs at a time....that's just over 1 cubic foot of glass......

http://www.electroglass.com/
 
Posted by Peaser01 on :
 
I wonder what would happen to a human hand in that scenario. Skin turned to butter?
 
Posted by BuyTex on :
 
great show--yaaa haaaw---wouldn miss it. jus wanna have good ideas/strategies as we ride this tacked-together-kiddie-coaster. Given it's unique, maybe reverse thinking in order...i sure dunno--confident the hive-mind will be ready mon am...


Brushy Bill
 
Posted by <gnp235> on :
 
We're screwed? Hardly. I think THEY are screwed. There will not only be covering, there will also be speculators more than willing to throw money at us. We will not have a hard time selling, these shares will be in demand like you've never seen before in the markets. All in my opinion, of course..
 
Posted by glassman on :
 
yes, commissions.....

that's why the brokers will probably agree to let this screwup continue...... [Big Grin]
 
Posted by glassman on :
 
remember they can't do trades below .0001, so it has to be going .0001/.0002 bid/ask...the system won't accept anything else...... lower numbers will not allow trading.....
 
Posted by BuyTex on :
 
ps before long soak and <xxx, muahahaha> i'm an idea guy, sensei keith started it with an idea, jus prodding for ideas...
 
Posted by BuyTex on :
 
quote:
Originally posted by <gnp235>:
We're screwed? Hardly. I think THEY are screwed. There will not only be covering, there will also be speculators more than willing to throw money at us. We will not have a hard time selling, these shares will be in demand like you've never seen before in the markets. All in my opinion, of course..

great idea, troll-f w wily coyote: really am out now
 
Posted by <gnp235> on :
 
quote:
Originally posted by glassman:
remember they can't do trades below .0001, so it has to be going .0001/.0002 bid/ask...the system won't accept anything else...... lower numbers will not allow trading.....

Doesn't sound correct....cmkx trades for under that. Of course, I hope you are correct, that would mean we would open for almost 50 times Fridays close. NOw that would be very very sweet.
 
Posted by Purl Gurl on :
 
Of course, Glassman, the brokers NEVER lose!

On my "we're screwed" comment, my approach is
to always assume the worst and prepare for that.

Previously I urged people to contact regulatory
entities to document GVRP company events. That
creates a paper trail.

Now I am urging readers to send email to the two
top dogs of this mess. My intent is double edged.

First intent is to alert them they are under a
microscope, under close scrutiny. They will know
every move they make, will be closely watched.

Other intent is to alert them at least one person
out here is prepared to file a complaint with
the SEC, which will raise their level of concern,
cause them worry which will impair their thinking.

Hopefully, they will know people and regulatory
bodies are watching. Hopefully, they will arrive
at a conclusion it will be cheaper to buy back
shares than to pull a stunt to weasel out of this.

My letter is a sales pitch. I am trying to sell
a product. This product I am selling is GVRP
shares, and I want those executives to buy my
shares. More hope, maybe they will buy my pitch.

I, personally, am doing what I can to assure this
goes down the way we would like. I am applying
pressure from all directions and angles, to prepare
for the worst.

We're screwed. Yes, we are. What we want will not
come to past. However, with enough people applying
pressure, as I am, there is a one-in-a-million
shot at this coming true.

I am doing my part. If you do not do your part,
you only have yourself to blame for not trying.

I joke around a lot, on this, I am dead serious.

Purl Gurl
 
Posted by <gnp235> on :
 
quote:
Originally posted by Purl Gurl:
Of course, Glassman, the brokers NEVER lose!

On my "we're screwed" comment, my approach is
to always assume the worst and prepare for that.

Previously I urged people to contact regulatory
entities to document GVRP company events. That
creates a paper trail.

Now I am urging readers to send email to the two
top dogs of this mess. My intent is double edged.

First intent is to alert them they are under a
microscope, under close scrutiny. They will know
every move they make, will be closely watched.

Other intent is to alert them at least one person
out here is prepared to file a complaint with
the SEC, which will raise their level of concern,
cause them worry which will impair their thinking.

Hopefully, they will know people and regulatory
bodies are watching. Hopefully, they will arrive
at a conclusion it will be cheaper to buy back
shares than to pull a stunt to weasel out of this.

My letter is a sales pitch. I am trying to sell
a product. This product I am selling is GVRP
shares, and I want those executives to buy my
shares. More hope, maybe they will buy my pitch.

I, personally, am doing what I can to assure this
goes down the way we would like. I am applying
pressure from all directions and angles, to prepare
for the worst.

We're screwed. Yes, we are. What we want will not
come to past. However, with enough people applying
pressure, as I am, there is a one-in-a-million
shot at this coming true.

I am doing my part. If you do not do your part,
you only have yourself to blame for not trying.

I joke around a lot, on this, I am dead serious.

Purl Gurl

I am sure they are well aware of the consequences they are facing. Hopefully the regulators have told them to pound sand already. I just can't see them stepping in to help this company who orchestrated a dump campaign that backfired on them. Your emails to them won't hurt, but I don't think they will make a hill of beans as far as the outcome. I have a feeling the outcome has already been determined and is simply out of our hands at this point. The situation itself seems to be enough pressure on them, emails from hundreds of shareholders at this point is going to serve no purpose.

Now, if they start playing dirty with us, thats another matter. Then the gloves come off and everyone should start doing everything they can to protect our position.
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
If you divide 6.50 closing price by 3 million that is how they arrive at the price is the way I understand it.

Doesn't mean crap is all I meant.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
remember they can't do trades below .0001, so it has to be going .0001/.0002 bid/ask...the system won't accept anything else...... lower numbers will not allow trading.....

supposedly there are 5 digit trades on cmkx and crap, but i don't play so i don't know, to sell you have to throw in a market order.

If you do that here you are an absolute moron. Being someone is short shares there should be buying, buying shouldn't be lower than .0001 since no one can place an order below that.
 
Posted by Purl Gurl on :
 
GNP writes,

"Now, if they start playing dirty with us, thats
another matter. Then the gloves come off and everyone
should start doing everything they can to protect our
position."

My husband, an amateur boxer for decades, has taught
me a lot about boxing, about defending myself. I do
ok but he whoops my rearend everytime, unless he
"secretly" allows me to win. I play along and keep
my mouth shut so he can have a gentleman victory.

Most important lesson he taught is,

"Don't let your opponent have the first punch.
You approach fast, aggressive, throw the first
punch and keep punching away. That scares him."

So GNP, you are the type of person I will knock
on your ass, first punch.

You are the type of person who would rather sit
on his duff, do nothing, and see if anything comes
up, which won't, because of your impotent attitude.

When we are screwed, I will send a reminder you
did nothing to help, a reminder you were knocked
out, first punch.

Laila Ali
 
Posted by <gnp235> on :
 
quote:
Originally posted by Purl Gurl:
GNP writes,

"Now, if they start playing dirty with us, thats
another matter. Then the gloves come off and everyone
should start doing everything they can to protect our
position."

My husband, an amateur boxer for decades, has taught
me a lot about boxing, about defending myself. I do
ok but he whoops my rearend everytime, unless he
"secretly" allows me to win. I play along and keep
my mouth shut so he can have a gentleman victory.

Most important lesson he taught is,

"Don't let your opponent have the first punch.
You approach fast, aggressive, throw the first
punch and keep punching away. That scares him."

So GNP, you are the type of person I will knock
on your ass, first punch.

You are the type of person who would rather sit
on his duff, do nothing, and see if anything comes
up, which won't, because of your impotent attitude.

When we are screwed, I will send a reminder you
did nothing to help, a reminder you were knocked
out, first punch.

Laila Ali

You been watching too much "Contender". As I said, send all the emails you want, I just believe its a bit premature. They already know what they are facing, they don't need me to remind them. Good luck.
 
Posted by keithsan on :
 
this things getting longer than an ibzt thread and its not even a week yet....
 
Posted by Purl Gurl on :
 
GNP writes,

"They already know what they are facing, they don't
need me to remind them."

Your factual basis for that statement is what?

Warned you my first punch would knock you out.

Purl Gurl
 
Posted by glassman on :
 
hey you guys, Mark Martin is doing good tonight...
go Mark!!!!!!
 
Posted by glassman on :
 
no 5 digit plays....scottrade don't take 'em....

those are done between MM's and brokers...


those 5 digit plays won't get our shares out of our accounts..... [Big Grin]
 
Posted by <gnp235> on :
 
quote:
Originally posted by Purl Gurl:
GNP writes,

"They already know what they are facing, they don't
need me to remind them."

Your factual basis for that statement is what?

Warned you my first punch would knock you out.

Purl Gurl

Listen, this isn't a boxing match (yet). You have an opinion and I have mine. Send all the emails you want, more power to ya! Good luck
 
Posted by dishgal1 on :
 
This thread is getting long. Well I am going to Okla to the casino tomorrow. That will make Monday come quicker...LOL Good night all.
 
Posted by Purl Gurl on :
 
My suggestion is you stay down on the mat for
a merciful ten count.

You are not in my intellectual league.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
no 5 digit plays....scottrade don't take 'em....

those are done between MM's and brokers...


those 5 digit plays won't get our shares out of our accounts..... [Big Grin]

go buys some cmkx and enter a market sell, you'll get 5 digits.

but yeah no brokers take them for buys or sells which is great here.
 
Posted by keithsan on :
 
One of my thoughts is they want to do a reveres split once the forward split is out, FS stocks don't clear till wed's, I don't think they can file the paperwork till thursday.....

Be calm monday at open is all.
 
Posted by Purl Gurl on :
 
Keith, not my intent to rain on this parade.

It is possible the transfer agent has already
made deals to accumulate shares with other
market makers. It is possible shares below
what will show on our live feeds, have been
made by the transfer agent.

I don't this to be true, but it is a possibility.
Some market makers are wholesale brokers and
"in house" deals are common.

None us have enough facts with which to work.
We are operating blind and betting hopes.

I can say, if there is a way for the "company"
to weasel out of this, they will. Any weakness,
any loophole they find, they will use it.

My plan is to continue with aggression until
the Fat Lady sings.

Purl Gurl
 
Posted by jps72 on :
 
Purl - I'm probably not in your intellectual league either...however I can't see the harm in forwarding your 'sample' email. It's on page 28 somewhere in the middle of the page if anybody else wants to send. Night.
 
Posted by <gnp235> on :
 
quote:
Originally posted by Purl Gurl:
My suggestion is you stay down on the mat for
a merciful ten count.

You are not in my intellectual league.

Purl Gurl

It appears you have a league of your own, posting phony press releases (joke or not). Maybe you would do well taking a little break from the board. I wished you good luck twice, and you barreled into me twice with personal attacks. Now go away little girl. Drop it.
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
hey you guys, Mark Martin is doing good tonight...
go Mark!!!!!!

yeah.....Mark Martin gets the checkered... [Big Grin]

PG you have mail...
 
Posted by keithsan on :
 
Definately Purl,

trading could be halted AM. But if its not, the price will be as low as possible. MM's know a lot of people will be happy with that and eat them shares up.

I'm definately not saying it will play this week.

I checked out the angle on how fast they can RS and I feel I have a minimum of a week to trade.

I don't feel like the Nas will let this..sell your FS shares first and then do the FS scenario happen. I think they MAY tell the TA and company to rectify it by getting those shares back....

That is a big MAY but thats why i posted this on tuesday and I really didn't think it would go till friday.

My parade has not been rained on, I've just been reading up on their exit angle and trying to sort out in my head how to play this best as possible if it plays.

They could always find a new exit, its the UNKNOWN play.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by glassman:
hey you guys, Mark Martin is doing good tonight...
go Mark!!!!!!

yeah.....

PG you have mail...

I was watching the fight but that ended in .53 secs. so maybe i'll watch the circle.
 
Posted by Peaser01 on :
 
Purl, how about a boxing match? You and me. I'd enjoy getting knocked out by a knock out.
 
Posted by Purl Gurl on :
 
"I don't KNOW this to be true."

Many deals are made off the exchanges. Paper
certificates do not show on Level 2 feeds.

Another problem is transfer agents, market makers,
are self-regulatory. They keep their own books
and balances. They make private deals under a
guise of "bonafide market making activity."

A fact we need is what percentage of volume since
the date of the reverse split went into company
hands, rather than public hands.

Still, there is this problem of company shares
being reduced to six. Books cannot balance.
Nonetheless, internally, between brokers, they
can balance the books, with time.

There are exceptions to SHO rules. Most market
makers are exempt, and the rules indicate a
"reasonable" belief shorts will be covered.

A reasonable belief is those shorts can be
covered after the forward split. That is
enough to create an exemption from the three
day settlement rule.

The company or transfer agent could hold a good
number of short shares, which have now been
forward split into a quantity to cover shorts.

Company common shares and public float, those
numbers date back to July of 2004. We have no
information which is current. Might be the
company has been buying back shares since then.

All of this is so ludricous, I am not willing
to state anything as factual. We can only guess
and have fun guessing.

Want to raid some offices and look at books?

Purl Gurl
 
Posted by Purl Gurl on :
 
Peaser, one swing of my hips, BOOM, you are
knocked clean into next week.

Purl Gurl
 
Posted by glassman on :
 
Purl Gurl:Want to raid some offices and look at books?

glassman: i'm up for that, let me see if i can find my ninja costume and my "black bag"
 
Posted by Peaser01 on :
 
Ughhhhh. I can feel it through the monitor.
 
Posted by keithsan on :
 
We can only guess on every single stock we play.

My facts are leg/math/guess work. Definately don't have a clue about what monday brings I can say what I won't do.

I won't be whacking the bid! (never do) I won't be worrying about an upcoming RS that some poster spreads in the AM.

I like my odds on a buyback and run, thats why i'm in.
 
Posted by bdgee on :
 
Just sitting here wondering who the Lady Purl considers in her "intellectual league" (other than maybe Molly and Plato) and whether or not they'd care about the honor? And, if that class ever had a meeting, who'd teach it and what'd he teach (preventative first strikes?)? Maybe it'd be home study or at least online, so as to prevent physical damage to surrounding property, if not the students?
 
Posted by BuyTex on :
 
so the troll's gone?

*adjusting smoking jacket, fresh from long soak*

tol him not mess with Wily Coyote...bdgee, don't--we were tossing a troll--

what's next?
 
Posted by elitedb on :
 
I was out all night but in answer to an earlier question. Ameritrade has never called me before. I bought 100000 UNQT right before the split and they never called to tell me they put 600000 shares in my account. But, they made the call over this one. Something is definitely up here and I believe the powers that be are all in CYA mode. Managers and lawyers are burning the midnight oil to determine what happens next and who is responsible. It woould seem to me that reversing all the trades leading up to this mess is a can of worms that cannot be opened. Those of us with margin accounts that do not live with the 3 day settlement between trades may have closed positions to enter this trade or upon sale out of this trade used the profits to buy other stock. I know I sold 100 shares of the 200 I bought at 2 at 8 and bought another 100,000 PLNI with the sale profits and proceeds. Are they going to cancel my increasing interest in another stock. I think not!! I got the feeling talking to Ameritrade that they know the systems out there will not allow us to enter the orders at the post split price but that there will be enormous interest and scrutiny on this stock come Monday. They said the value in my account Monday will change from billions to zero. I assumed the first trade on Monday if made at the so called post split price would register at zero in the four decimal place world of Ameritrade and thus my shares would valus at zero on the computer. Having said all this, someone, somewhere is financially responsible for this mess since someone is liable for the error. The real question to the lawyer in me is the liable party have deep pockets or at least a large error and ommission insurance policy. Only the IRS gets money from a turnip, we can't. So unless liability is on someone with a very, very deep pocket all dreams of riches are out the window. BUT, I will wait for the smoke to clear early next week before taking any action. I did actually put a sell order in for a few hundred million shares at 5.00 to make sure they did not loan my shares out for further shorting.
 
Posted by glassman on :
 
RS requires a majority of shares to vote for [Big Grin]

i think they might have a litte problem doing that for awhile......
 
Posted by Purl Gurl on :
 
Bozo the Clown is in my intellectual league.

Reminds me,

Glassman, I think, if we are caught raiding an
office, we stand a better chance of low bail
if you dress like Bozo the Clown and I dress
like Xena, Princess Warrior.

We probably should consult with G. Gordon Liddy
for entry tactics.

Purl Gurl
 
Posted by keithsan on :
 
not me but I read this earlier and thought it would be good to look at. RE DD etc.

* Technically, is the OS still 33M and the Auth 100M and just a huge naked short/fail to deliver position exist due to the sales above 11 shares that are yet to be covered?

The short answer is yes. But what is important and the reason I drew the distinction between a "long" sale without the ability to deliver and a "short" sale with no borrow is that the responsibility for delivery falls in different places for the two cases.

For the "long" sale, responsibility for delivery rests with the seller. In our GVRP case, he was likely assured by the Transfer Agent that the shares were "good" and it is even likely that the broker(s) also checked with the T/A before executing the sales. How financial responsibility will be divided up among those three parties remains to be seen. But the seller believed (a generous assumption) they were good and they weren't - I would guess the T/A's insurance company is not having a good weekend.

In the case of a true "short" sale, the short seller is not obligated to deliver the shares - that responsibility is with the broker who executed the sale. Typically, brokers will find a borrow before executing those sales. If they don't i.e. sell a naked short, the brokers are in trouble if at T+3 there is still no borrow. For our present discussion I'll skip the market maker's role - but their role in these markets also makes for a very interesting discussion (I am a master of understatement).

* Must those shares be covered in the open market place?

That can't happen without dramatically increasing the number of shares in the market. Let us assume that by the close on Friday, 150,000 shares of GVRP remained in the float (that number includes the 11 "real" shares...lol). However you move around the post split shares (all 33,000,000 of them), you can never cover the 450,000,000,000 post split shares that came from splitting Friday's closing float.

I frankly have no idea how they plan to extricate themselves from this predicament. But I think the likelihood of the company trying to buy up the float is virtually zero. I also would not be surprised to see one or more of the regulators step in - trading halt while it gets sorted out; stop the forward split; make last week go "poof"...don't have a clue. All new territory on this one but I see only a few awful solutions among a bunch of terrible ones.

* What timeframe must these be covered if indeed that is the case ?

I don't know the answer to that one beyond the normal requirement that the seller must deliver the shares on a long sale by T+3. Most of the sales from early in the week are already over that limit.

* Are the Brokers responsible for covering if the client cannot ?

The answer to that one depends on whether or not the brokers "should" have known the shares were not going to be available. A lot of warnings were given to a lot of people early on. By Friday, claiming ignorance seems like a pretty weak argument. My guess would be that the T/A (or their insurance company) will be first in line to pay claims but I could be wrong. We really don't know any details about what went on "inside".
 
Posted by bdgee on :
 
Yeah, I saw him.....
 
Posted by glassman on :
 
elitedb:

I assumed the first trade on Monday if made at the so called post split price would register at zero in the four decimal place world of Ameritrade...

glassman:
au contraire...it SHOULD show .0001/.0002 since we are not able to trade below that...
who is holding shares to trade at levels below that..they have to buy OUR shares to get them back, don't they?
i watched CMKX for months..i learned...

bid 0 ask .0001 meant that they wern't buying any from us normal people...they weren't buying at all, just dumping...


expect .0001/.0002 IF it trades
 
Posted by Peaser01 on :
 
Reminds me of some DLNI that I am stuck with.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
"I don't KNOW this to be true."

Many deals are made off the exchanges. Paper
certificates do not show on Level 2 feeds.

Another problem is transfer agents, market makers,
are self-regulatory. They keep their own books
and balances. They make private deals under a
guise of "bonafide market making activity."

A fact we need is what percentage of volume since
the date of the reverse split went into company
hands, rather than public hands.

Still, there is this problem of company shares
being reduced to six. Books cannot balance.
<deleted, BT>

Want to raid some offices and look at books?

Purl Gurl

would you fly to your home country, or drive the vette? from here, we rent a truck and got about, what 12-14 hours' drive. In the e-mail tell em not to touch the furniture...
 
Posted by dishgal1 on :
 
This is true....it should be .0001 on Monday like with CMKX.............I knew people trying to sell at that and could never get a fill. But billions of shares were being traded daily. I always wondered who was trading those shares because it wasn't anyone I knew.
 
Posted by elitedb on :
 
Glassman, MMs do not have to bid on the stock do they? If no bids listed, is the ask zero? I just assumed that large amount of shares will be listed on the ask at .0001 the minimum price the computer will take for the trade. Even at the price people are getting $3,000 per share of presplit stock. So can we not have 0000/.0001. I like my $5.00 per share price better, always wanted to buy my own island.
 
Posted by jason10 on :
 
something barely hinted at here is that

IF the TA ever told the company they could sell the shares because obviously someone was given his shares early (as far as im concerned)

the TA ruined this poor startup company before it could ever have a chance to do it themselves

in which case the company has a MULTI million dollar lawsuit against the TA (not even including those of you who own shares)

to the extent that the TA insurance or not will probly find it hard to continue to do business

not only that but even if they are able to continue to do business who will want to go thru them ever again considering this is possibly the worst screw up ever in the modern markets

what we have here is 2 ruined businesses (sure one deserves to take the hit and maybe both who knows)

i honestly believe whoever sold was told it was ok even if ignorance isnt an excuse for the law its still a damn good basis for a lawsuit

on another note how the hell do these people not know the laws/rules for this crap at least the TA its thier GD business to know it makes no sense to me
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Bozo the Clown is in my intellectual league.

Reminds me,

Glassman, I think, if we are caught raiding an
office, we stand a better chance of low bail
if you dress like Bozo the Clown and I dress
like Xena, Princess Warrior.

We probably should consult with G. Gordon Liddy
for entry tactics.

Purl Gurl

but i want to wear a costume, not my normal outfit... [Big Grin]

 -
 
Posted by BuyTex on :
 
from elite's post:

"Are they going to cancel my increasing interest in another stock."


that's what I tol the nas guy and the sec guy--how you gonna gonna account for other trades made with divvy shares, or other trades not made w/o?
 
Posted by glassman on :
 
jason:

on another note how the hell do these people not know the laws/rules for this crap at least the TA its thier GD business to know it makes no sense to me

glassy:

jason, no offense intended here, but you are fairly young if you ask this question.... LOL

i find people who can't/won't/don't botther to do do their jobs everywhere i go... sad, but true....
 
Posted by keithsan on :
 
Jason, these guys have done this before, DD them. they are not saints. the plan for them most likely was FS sell into that news (not so early LOL) dump more shares or FS again then RS.

seems to be the way they've done it before.
 
Posted by BuyTex on :
 
another item from elite's post:

"I did actually put a sell order in for a few hundred million shares at 5.00 to make sure they did not loan my shares out for further shorting."
 
Posted by jason10 on :
 
im nearing 30 glass but when it comes to people i tend to assume the worst so as not to be disappointed but with HUGE companies they will "usually" ----(i use these extremely loosely)--- do whats acceptable under the law even if its only for fear of lawsuits
 
Posted by glassman on :
 
Jason, then i assume you are a decent hardworking guy who expects the rest of the world to be that way too....welcome to the club [Big Grin]
 
Posted by Peaser01 on :
 
quote:
Originally posted by Peaser01:
Reminds me of some DLNI that I am stuck with.

I meant DFLR. Doh. Too many Molsen's tonight.
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
This is true....it should be .0001 on Monday like with CMKX.............I knew people trying to sell at that and could never get a fill. But billions of shares were being traded daily. I always wondered who was trading those shares because it wasn't anyone I knew.

OK, that was a straight DUMP nobody was selling but the MM's...that's why i kept trying to tell people to steer clear....

in this case? they have to buy back our shares to get them...

so,in ONE scenario they will buy them at .0001 and sell SOME at .0002 so they can get their money back....eventually? they will come out of this with a profit, and it may even go up higher, i've seen some do that toooo... if they can sell some at .0003 they can buy back ALOT more than if they sell at .0002...

everybody relax and be patient.....

heck it might even go alot higher so they can buy more...we'll just have to wait and see....expect some big action, they need to TRADE not JUST buy, that's how the money is made....

...make sense?

some of you guys just see doom no matter what you look at huh? [Roll Eyes]
 
Posted by elitedb on :
 
I have never practiced any securities law and the only securitues law I have ever researched was to intelligently complain to my Congressman about naked shorting. However, I remember back 25 years to my bar review class and something they preached before the bar exam: I they ask a question you do not know the answer to, pretend your 10 years old and just decide what is fair, 99% of the time you will arrive at the right result without the right methodology.

That said:

In equity, most times if we make a purchase at a price we know to be absurdly below market value, the law will not enforce your rights to the purchase. The operative thing is fair market value in an arm's length transaction. However, I doubt in a stock market situation a court would not enforce our bargain purchase of a stock where we take the risk of a multitude of problems with the purchase and/or company. Besides, the stock market itself has the presumption of being arms length, fair market value transactions. Thus, does the fact that we may have scored on an obvious error negate the presumption. I believe a strong argument can be made that the presumption is correct and any error, if one was made, would have been factored into the market price of the stock. The vast movement Friday shows numerous people were considering all these facts on Friday. The boards were full of this situation and people factored that into their bids and purchases and into their sales.

If the error is the company's we already know they have no assets to speak of. We all now own large pieces of an assetless company who have no apparent ability to pay for this mistake.

If the error wsa made by a brokerage or a transfer agent, they have assets and they have errors and ommission insurance. One can assume a settlment can be reached.

Can the SEC put the cork back in the bottle? I really do not see how they can. They can suspend trading but do they have the power to summarily reverse all that has happened since our purchase and in some cases partial sales back of the stock? I know of no authority granted to them to reverse trades only authority to disgorge illegal profits.

I do feel confident that if a deep pocket has some responsibilty or liability that one of the class action specialist law firms will certainly look into this matter. The fees off this case can be huge and they all hunt for the fee. I certainly would gladly be a named plaintiff in any such lawsuit. Although I suspect that ultimately I would rather be the lead counsel when all is said and dome moneywise.
 
Posted by Purl Gurl on :
 
Pink Sheets Dot Com

Out of 98 ticker quote requests, GVRP ranks 19.

http://www.pinksheets.com/marketactivity/topquotes.jsp

All of this is so crazy, I think my brains are
going to explode.

Purl Gurl
 
Posted by keithsan on :
 
I agree GLASS and wouldn't be surprised by a higher run.

one thing to add, is that history is in the normal short selling we see daily, this is diffeerent and may cause more volatility. Could play a little better [Razz]
 
Posted by glassman on :
 
quote:
Originally posted by elitedb:
Glassman, MMs do not have to bid on the stock do they? If no bids listed, is the ask zero? I just assumed that large amount of shares will be listed on the ask at .0001 the minimum price the computer will take for the trade. Even at the price people are getting $3,000 per share of presplit stock. So can we not have 0000/.0001. I like my $5.00 per share price better, always wanted to buy my own island.

OK, bid = the highest price an MM will pay for your stock

ask = the lowest price an MM will sell YOU your stock....

i have had MM's come way above the ask and take my shares that i have HIGH sell orders on ...this actually happend to me in this stock on Fri afternoon

i usually offer some of my shares way above the ask just incase the MM's run out of shares...
i always do this in sub-penny runs, and they frequently take my shares and then run the PPS right on past that ...

[ May 22, 2005, 00:32: Message edited by: glassman ]
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
not me but I read this earlier and thought it would be good to look at. RE DD etc.

* Technically, is the OS still 33M and the Auth 100M and just a huge naked short/fail to deliver position exist due to the sales above 11 shares that are yet to be covered?

The short answer is yes. But what is important and the reason I drew the distinction between a "long" sale without the ability to deliver and a "short" sale with no borrow is that the responsibility for delivery falls in different places for the two cases.

For the "long" sale, responsibility for delivery rests with the seller. In our GVRP case, he was likely assured by the Transfer Agent that the shares were "good" and it is even likely that the broker(s) also checked with the T/A before executing the sales. How financial responsibility will be divided up among those three parties remains to be seen. But the seller believed (a generous assumption) they were good and they weren't - I would guess the T/A's insurance company is not having a good weekend.

In the case of a true "short" sale, the short seller is not obligated to deliver the shares - that responsibility is with the broker who executed the sale. Typically, brokers will find a borrow before executing those sales. If they don't i.e. sell a naked short, the brokers are in trouble if at T+3 there is still no borrow. For our present discussion I'll skip the market maker's role - but their role in these markets also makes for a very interesting discussion (I am a master of understatement).

* Must those shares be covered in the open market place?

That can't happen without dramatically increasing the number of shares in the market. Let us assume that by the close on Friday, 150,000 shares of GVRP remained in the float (that number includes the 11 "real" shares...lol). However you move around the post split shares (all 33,000,000 of them), you can never cover the 450,000,000,000 post split shares that came from splitting Friday's closing float.

I frankly have no idea how they plan to extricate themselves from this predicament. But I think the likelihood of the company trying to buy up the float is virtually zero. I also would not be surprised to see one or more of the regulators step in - trading halt while it gets sorted out; stop the forward split; make last week go "poof"...don't have a clue. All new territory on this one but I see only a few awful solutions among a bunch of terrible ones.

* What timeframe must these be covered if indeed that is the case ?

I don't know the answer to that one beyond the normal requirement that the seller must deliver the shares on a long sale by T+3. Most of the sales from early in the week are already over that limit.

* Are the Brokers responsible for covering if the client cannot ?

The answer to that one depends on whether or not the brokers "should" have known the shares were not going to be available. A lot of warnings were given to a lot of people early on. By Friday, claiming ignorance seems like a pretty weak argument. My guess would be that the T/A (or their insurance company) will be first in line to pay claims but I could be wrong. We really don't know any details about what went on "inside".

bump for elite, answers some raises others.
 
Posted by Purl Gurl on :
 
GVRP is in the top thirteen for one day dollar gain.

http://www.pinksheets.com/marketactivity/biggest_price_gainersC.jsp?Shortlist=&Prefix=ps_domestic

Purl Gurl
 
Posted by elitedb on :
 
I agree that the MM's want this stock to trade just like every stock. They make their living buying low and selling high and working the spread. All this assumes there is a market on Monday. We all cetainly hope there is and I especially hope that someone or lots of someones want these shares back for whatever reason. This is where the greater volatility we all desire may appear. If this is true, the longer we all sit on the shares the greater the pressure to retrieve these shares and the more the MM's will raise the bid/ask allowing them the greatest spread. I for one will leave unchanged my sales order for $5.00 per share not really expecting to approach the price but to let them know my shares are unavailable for now.
 
Posted by glassman on :
 
IF they are gonna play ball and FIX this with $$$$ instead of shuttin' everything down and going thru a paper chase?

They are assembling their BEST traders this weekend....we will see their BEST talent at work on th etrading MON..what a treat...we have front row seats...

these guys/gals will be running this full tilt...

they will do runs to bring in more buyers, they will keep as wide a spread on the bid/ask as they can without chasing people out....

should be interesting..
IF they allow this to go forward?

..i hope they do...lawsuits are boring....
 
Posted by elitedb on :
 
Keithsan, I would agree looking at your repost that the most likely fall guy here logically is the transfer agent. But, a million questions need to be asked and I suspect a few documents examined, a few depositions taken, and the true trail brought to light. If our profits are taken or our ability to trade restricted some way must be found to do so. Otherwise, I am content to wait for the smoke to clear and slowly sell shares when it is advantageous to do so and not before. I do not need to sell my shares to survive so patience is easy when the return is potentially so large.

Glassman, lawsuits are worse than boring they are like going to the dentist. The reason I quit practicing and work for a construction company is I hate the dentist. LOL Funny thing is I just spent 5 1/2 years chasing a few million we were owed through the court system. I can run from the law but I can't hide.
 
Posted by glassman on :
 
everybody hates lawyers till they need them [Big Grin]
 
Posted by BuyTex on :
 
from an elite post

"I know of no authority granted to them to reverse trades only authority to disgorge illegal profits."


Disgorge...remember that
 
Posted by cruz on :
 
just got back - anybody here?
 
Posted by BuyTex on :
 
only for a minute--where ya leave it?
 
Posted by cruz on :
 
LOL - what's your plan come monday?
 
Posted by BuyTex on :
 
not there yet, specifcally--more hive-mind conclusions to be reached. We *are* flying-skipping-bouncing our way into unchartered airspace....
 
Posted by BuyTex on :
 
lookin for ya--gottta go hasta manana
 
Posted by cruz on :
 
tell me about it - i am tempted to be patient and not jump the gun. i don't see an r/s coming anytime soon because of the lack of majority shares they hold. we own it. i don't think i will be jumping the gun monday. who knows? just wondering what some the sell orders are placed at monday? i know elite is at 5. i think this is going to take a team effort.
 
Posted by elitedb on :
 
I chose 5.00 since it impossible to consider a real billion in the account. This number ties up the shares and in theory prevents the broker from "lending" my shares once again. I do believe that the longer we all refrain from just dumping our shares back the greater the pressure to get really paid.

I haven't figured out from who yet but I do know the powers that be have more than we do, and they having been doing it to us for so long we all believe it is part of the way the game is played. They have institutionalized their profits and only occassionally let us share. I figure that we should maybe let them occassionally share our profits this time. I will sell only at my own time and for real, real profit. All my shares are free and even if I did not cash out half on Friday The investment was quite small compared to potential lottery ticket.
 
Posted by elitedb on :
 
I have begun a preliminary search of SEC rules and regs to reverse trades. The only reversal I have read so far does not apply to our situation and in any event the reversal time has already lapsed. I will try to keep looking when time permits.
 
Posted by dishgal1 on :
 
On my way to Okla....just a thought!

Wouldn't it be better to NOT have sell orders in on Monday? I mean if we flood the market with sell orders over the weekend they will see we are anxious to get rid of them. If they aren't seeing a lot of available shares wouldn't they be willing to go higher?

Just a thought....Keith, Glass, what do you think?
I for one am not putting in sell orders over the weekend. At first I planned to but cancelled them. I will wait to see how this plays out. You know........"SUPPLY & DEMAND"!
 
Posted by dishgal1 on :
 
elite.............5.00 is good....LOL I would say you are not overanxious to unload if I were the powers that be. LOL
 
Posted by Purl Gurl on :
 
Number 1 Dish Girl writes,

"On my way to Okla...."

I hope you can cope with ticks, chiggers and snakes.

Doesn't seem all that bad, until you know of the cure
for bites, cuts and other injuries.

Growing up, when one of kids was injured, Grandpa
always poured coal oil (kerosine) on the wound.
That was the cure and it worked. We quickly learned
to be careful to not suffer injuries, even a simple
bug bite; the cure was far worse than the injury.

Our favorite Dish asks,

"Wouldn't it be better to NOT have sell orders
in on Monday?"

I tend to believe this decision is already made
for us. Knowing human nature, there are a lot of
people out who are driven to "make the bucks"
right off. They are people who do not think like
you do, they are people who are impulsive rather
than logical, they are people who are not winners.

Come Monday morn, my hunch is the GVRP market will
be flooded with .0001 sell orders.

A large majority of traders out there, unlike you
Dish Gal, are not good thinkers.

Purl Gurl
 
Posted by Purl Gurl on :
 
Dish, from elsewhere,

"Is anyone going to count down the hours we have
left before trading starts tomorrow? Looking for
someone to do this every hour. lol"

That is the attitude with which we are dealing.

Mob Mentality will lead to a trading rush Monday.

Nonetheless, supporting your notions, I do not
plan to trade until Wednesday or after. I may
even elect to wait months to trade if evidence
comes about Media Magic will be a pump and dump.

Purl Gurl
 
Posted by Purl Gurl on :
 
There is some news, which seems true, and is
rather worrisome. Some brokers are accepting
only sell orders by phone. Notes have been
posted brokers are advising customers of a,
"liability acknowledgement" by customers
before sells will be effected.

My presumption is brokers are advising sellers
there are liability issues related to selling
short in lieu of forward split shares being
settled in acounts.

Anyone have information on this?

Etrade is indicating forward split shares will
not be available for selling until Wednesday
and will not show in accounts until Thursday
or Friday, which is a policy in keeping with
not allowing customers to assume liability,
nor allow Etrade to assume liability.

My opinion is if you sell short on Monday and
those forward split shares are not settled,
you will be held responsible for not covering.

That could prove expensive.

I urge readers to look for more information
and share it here.

Purl Gurl
 
Posted by <RebelYell> on :
 
Unless something changes, Scottrade customers (me)will not have the shares to trade in their account on Monday. That will limit my options to buying or watching. All parties involved will have had the entire weekend to come up with a plan of action. (I think that we probably had a more pleasant weekend than some of the involved parties. [Big Grin] )

If it trades tomorrow morning, I think the possibility of prior trades being reversed will be eliminated, and we can assume that the decision was reached to try to rectify the situation in the open market. This would definitely be to our advantage.

We will probably never see this situation again in our lifetimes.

Just an opinion from an old Mississippi hillbilly.
 
Posted by keithsan on :
 
My sell orders are fine, just posted one for a very high price [Smile]

Dish, I am not setting sells for that exact reason. Plus i'm not a bidwhacker and won't place one for .0001

I'm excited for mondays open too, not to sell but to see what happens.
 
Posted by cruz on :
 
just a thought - if there are a lot of selling Monday, would you think the company would buy these shares up quickly get enough shares to plan a r/s? or are the shares being bought to eliminate them from the market. once, they are bought - that's the end of it? nsing is basically selling shares that don't exist.

pg - i don't know about holding for months. i am thinking 2 weeks max.
 
Posted by Purl Gurl on :
 
Rebel Yell writes,

"If it trades tomorrow morning, I think the
possibility of prior trades being reversed
will be eliminated...."

I tend to agree with this. However, there is
no guarantee trades will not be broken.

Nonetheless, with trades last week, trades in
the morning, unwinding all of this becomes ever
so complex. This difficulty in unwinding so many
trades would discourage breaking the trades.

Again, no guarantee. A regulatory body could step
in and force the trades to be broken.

Rebel, I just finished sending out email to my
investor friends with two pieces of advice.

I have advised them to not sell until after
Wednesday so they will not risk liability for
selling short. I explained if those split shares
do not come into their accounts, they could be
held liable for covering their short sells.
There is too much risk involved with so many
unknown factors at play.

Some brokers appear to advising telephone customer
they have to acknowledge liability. That is not good.

My other advice is too sell only a little over
the coming weeks and hold a hundred-million or
so shares in case Media Magic becomes a pump
and dump scam. I explained what is a pump & dump
and how they "might" be able to sell into that
scam at a decent price, like .002 or .005 per.

Readers are to be cautioned there may never be
a pump and dump effort. I do NOT know that will
happen. I only know there are precursor signals
this might happen, but the company is in a real
jam now. They might not survive this mistake.

Readers are also to be cautioned there are reports,
multiple reports, of brokers advising of liability
issues. That should be taken seriously, whether
true or not. Any hint of liability is a warning.

In closing, consider these liability issues being
raised in your decision making. Also consider what
the future might bring, possible better profits.

Once again, treat my opinions with skepticism
because I do not have a verified factual basis.
I working with what seems common opinions.

Purl Gurl
 
Posted by Purl Gurl on :
 
Cruz asks,

"...would you think the company would buy these shares up quickly get enough shares to plan a r/s?"

That is a very certain possibility, Cruz. I agree
with your thoughts, very strongly.

My brains are going to explode before Monday,
I just know it. So many unknown factors like
this drive me nuts.

I also agree with your suggestion of dumping
within two weeks, although I sent out email
to hold one-third of shares for months to come.

My thought is to dump a little at a time over
the coming days and weeks with a hope of bringing
back in the initial purchase price to break even.

A wash, a break even, might prove to be a win
for this stock.

Too darn many unknowns. I am wigging out.

Purl Gurl
 
Posted by cruz on :
 
with ameritrade show my f/s shares already and to avoid the liability of short sells, i should wait until wednesday for them to settle. wed. would be the third settlement day.
 
Posted by cruz on :
 
on that note purl - i would think people should not get into a sell panic monday. unload slowly. do not flood it. make the company or whoever come to us which in turn will raise the pps. we are in the driver's seat. we have to hold the fort.
 
Posted by vg on :
 
Purl Help needed,
I talked to Ameritrade, I asked them why many of my friends who use scotttrade and other brokerages aren't showing their shares whereas ameritrade is showing them. And I also asked them if they have any liability clause saying that if something is wrong can we be forced to buy shares back and they sai the worst that could happend is a hold on trading but I was talking to one of the customer servce reps they probably dont know much besides I was also told that tading questions would best be answered by a broker and therefore needed to wait.
What do you mean by "hint of liability"
 
Posted by vg on :
 
My orders are as high as elites and wont take place but I have only 115 mill not too much compared to everyone else
 
Posted by BuyTex on :
 
cruz, i think the three-day settlement applies to cash, no? settled/unsettled funds? I know one of the problems with NSS is each broker has 13 days, so that's how they keep em moving...next broker restarts the clock...Scottrade's position is they're not transferring until they get em in good shape, thereby keeping them and me off the hook.
 
Posted by vg on :
 
Ameritrade also said that their system was updated and therefore they were showing their shares. When I asked if they had received their shares there was o answer, they changed the topic, saying "others just take longer to update their system". this all happened yesterday
 
Posted by keithsan on :
 
VG, if you sell, just keep your cash handy until Wed's after that don't sweat it. There are minor possibilities in all these scenarios we discuss just be aware of them and act accordingly. If they give you the shares, your not liable, your only liable for selling shares not in your account.- your trade could get cancelled and have to pay back. No liability though.
 
Posted by BuyTex on :
 
corporate guy (St Louis) from Scottrade told me Ameritrade delivers early...
 
Posted by vg on :
 
Tex thats what I was told too 3 days is for settlement of funds dont know abt settlement of div (stocks) or else day traders will have millions of shares in different co. in unsettled trades over their 3 days
 
Posted by BuyTex on :
 
keithsan, there must be some time limit after which you may safely do as you will with settled funds...?
 
Posted by vg on :
 
Thanks keith but i'm in for the long haul used my PLNI profits to buy this one, nothing to lose
 
Posted by trailster on :
 
I could see this trading in quad zero range Mon-Tues, .00001 - .00002. If I bought 100 shares at $5, that's $500 for 300 million post-split. If I can sell, say 200 million at .00001 that's $2,000 for my $500 investment. Given the circumstances, I'd take that in a heartbeat and sit on the other 100M to see what happens. If the company buys back the 51% from nervous Joe's like me, r/s seems inevitable. jmho, and I don't know much.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
keithsan, there must be some time limit after which you may safely do as you will with settled funds...?

HUH?
 
Posted by keithsan on :
 
quote:
Originally posted by vg:
Thanks keith but i'm in for the long haul used my PLNI profits to buy this one, nothing to lose

then your all set, I will have some millions of shares riding into the second week if it plays out that way.
 
Posted by keithsan on :
 
quote:
Originally posted by trailster:
I could see this trading in quad zero range Mon-Tues, .00001 - .00002. If I bought 100 shares at $5, that's $500 for 300 million post-split. If I can sell, say 200 million at .00001 that's $2,000 for my $500 investment. Given the circumstances, I'd take that in a heartbeat and sit on the other 100M to see what happens. If the company buys back the 51% from nervous Joe's like me, r/s seems inevitable. jmho, and I don't know much.

RS takes time, they cant do until FS clears, then they can file etc....shouldn't be able to do crap until next week, also, company does not have the majority of shares to RS.
 
Posted by Purl Gurl on :
 
Best belief I have is the "liability" issue
references selling short because your buy
has not settled yet; you bought but no
delivery of shares, yet. Monday sells will
be sells of undelivered shares.

Tex writes,

"next broker restarts the clock..."

Exactly! GVRP could cover by constantly resetting
the clock. The three day settlement starts at
noon on the day of sell, and ends at noon on the
subsequent third business day.

Nothing stopping GVRP from buying and selling
to reset clocks, over and over, to buy time.

Another thought is GVRP could register more
shares, rather quickly. There are no provisions
for proxy voting. The company is actually dust.
Another company owns GVRP now. Old charters
are defunct, no new charter is set. Based on
rules, I "think" there is nothing to stop
GVRP from registering more shares tomorrow.

I guessing their way out of this will be rule
based. They are most likely looking at rules
to find a way to cure this, at low expense.

Purl Gurl
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
VG, if you sell, just keep your cash handy until Wed's after that don't sweat it. There are minor possibilities in all these scenarios we discuss just be aware of them and act accordingly. If they give you the shares, your not liable, your only liable for selling shares not in your account.- your trade could get cancelled and have to pay back. No liability though.

sell goes through Monday; cash settles 3 days later...safe to use that cash, or wait longer to make sure Monday's trade not reversed?
 
Posted by keithsan on :
 
PURL if my memory is correct they can not authorize more shares until FS is over which would be wed's. Also, TA gave them 33 million shares, we all have more than that, that was post split, TA didn't give them more on top of the 33 mill. WE have more shares. very interesting predicament they're in....
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by keithsan:
VG, if you sell, just keep your cash handy until Wed's after that don't sweat it. There are minor possibilities in all these scenarios we discuss just be aware of them and act accordingly. If they give you the shares, your not liable, your only liable for selling shares not in your account.- your trade could get cancelled and have to pay back. No liability though.

sell goes through Monday; cash settles 3 days later...safe to use that cash, or wait longer to make sure Monday's trade not reversed?
i stated after wed's all should be fine. I don't have to wait 3 days but if you do, then its easier for you to wait.
 
Posted by Purl Gurl on :
 
I have to laugh at myself. A thought came to me.

I wrote:

"I "think" there is nothing to stop
GVRP from registering more shares tomorrow."

There are already billions, if not trillions
of shares to be delivered. What will GVRP
register? Another gazillion shares?

Shoot they could drive the price down to
.00000000000000000001 with millions of
trillions of shares.

What a mess! You have a good thought and
moments later that thought turns to crap.

Purl Gurl
 
Posted by vg on :
 
hey tex how about after the sell do not withdraw that money for a couple of weeks and if you do keep it in ur bank acount dont go crazy over ur winnings, just wait it out, celebrate a couple of weeks down the road. And so if anything does come up you can cover
 
Posted by BuyTex on :
 
quote:
Originally posted by vg:
hey tex how about after the sell do not withdraw that money for a couple of weeks and if you do keep it in ur bank acount dont go crazy over ur winnings, just wait it out, celebrate a couple of weeks down the road. And so if anything does come up you can cover

ya, I just wanna make sure where I stand--never had to think about reversed trades before...IF there is a profit party, c'mon over to Panther City, lol
 
Posted by Purl Gurl on :
 
A lot of people here are becoming experts on
splits and short squeezes. That is valuable.

Purl Gurl
 
Posted by cruz on :
 
************ IS IT MONDAY ************
 
Posted by glassman on :
 
Purl Gurl:
What a mess! You have a good thought and
moments later that thought turns to crap.

glassy:

that's the true nature of creative/artistic genius,
and is often more of liability than an asset to some of us... [Big Grin]
 
Posted by vg on :
 
Thanks purl

My new signature will be "youngest lover of purl"
 
Posted by cruz on :
 
if the company is smart (given their track record they are not unless they know something we don't know), they won't go into a panic buying because that would increase the pps. people have to realized that this is going to get shuffled around to keep the bid at 0.0001. as keithsan says - no bid whacking. be strong. put sell orders in at a high price to let them know we are seriuos.
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
if the company is smart (given their track record they are not unless they know something we don't know), they won't go into a panic buying because that would increase the pps. people have to realized that this is going to get shuffled around to keep the bid at 0.0001. as keithsan says - no bid whacking. be strong. put sell orders in at a high price to let them know we are seriuos.

Yeah, check this out, from an i-hub post:

Posted by: Rocket Blasters
In reply to: Jim Bishop who wrote msg# 326 Date:5/21/2005 7:39:27 PM
Post #of 368

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"these posts are not of a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone"
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
if the company is smart (given their track record they are not unless they know something we don't know), they won't go into a panic buying because that would increase the pps. people have to realized that this is going to get shuffled around to keep the bid at 0.0001. as keithsan says - no bid whacking. be strong. put sell orders in at a high price to let them know we are seriuos.

they will have to ask the nas whats needed to be done to rectify, they may be told to buy. up the problem, TA may be told the same thing....

maybe not.
 
Posted by glassman on :
 
LOL, the buzzards are already circling....

how does it feel to be the lion on the keell? [Big Grin]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
LOL, the buzzards are already circling....

how does it feel to be the lion on the kill? [Big Grin]

Loving it, couldnt find the race last night either.

Come monday AM, I will also have buys lined up in case it plays out as a runner [Smile]
 
Posted by cruz on :
 
you know 350 mil at a penny or 350 mil at a half penny would be nice.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
you know 350 mil at a penny or 350 mil at a half penny would be nice.

so would a couple of billion, the play all along wasnt to get the split and dump, it was to see what the company would do, they MAY have to buy back in all honesty the NASDAQ will have to do something, this isn't a sho list situation...
 
Posted by glassman on :
 
i still think the mistake was offering the shares at 4$, NOT 4000$ dollars...

but that's just my opinion.....
 
Posted by glassman on :
 
they could've suspended trading while waiting for the divvidend, but the real issue is the price at which they offered the shares to the market, and how many...i don't think that's the companies problem..

BUT it's just my opinion....
 
Posted by glassman on :
 
if i am correct? and the MM's offered to sell us naked shorts at way below market value? it's not the co's problem...
it's an MM problem.....

just my opinion...

remember, the price should have reflected the upcoming value...that is what we trade for after all isn't it? the FUTURE value that we expect?
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i still think the mistake was offering the shares at 4$, NOT 4000$ dollars...

but that's just my opinion.....

you are right, it was on my watchlist at 3600 or some crap, I didn't have it on level 2 or anything then someone bought at 3.50 setting off my alert.

a couple hours later there was news.
TA stated they delivered shares early, and company sold into the news whoooops [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
if i am correct? and the MM's offered to sell us naked shorts at way below market value? it's not the co's problem...
it an MM problem.....

just my opinion...

remember, the price should have reflected the upcoming value...that is what we trade for after all isn't it? the FUTURE value that we expect?

I dont' see it exactly the same, remember there are 11 shares on the stock 33 mill after split, at 11 it was 3600 or something with 33 mill shares it should be what......(definately not a subber). I don't think mm's were at fault but if they are good, at least thats not what i'm getting from various phone calls.
 
Posted by glassman on :
 
so, the mistake is truly the PPS.....

at 4K$ a share? they would never have sold this many shares....

and if there was real trading?
then, the PPS would have gone UP as true investors worked on the real foat....
 
Posted by glassman on :
 
i think the system has been exploited by so many for so long in so many ways that the whole system is responsible to some degree or another....
 
Posted by keithsan on :
 
kind of IMO,

being the company thought split was over, they had 33 million to dump and began. starting at 4 and lowering it. Thinking they were dumping into the news.

the thought was they would start a buyback on realization of the flub. they didn't until friday afternoon when the pps went back up dramatically....

they won't receive split from the 33 mill they have. they in trouble IMO lets see what there options are to get out of it.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i think the system has been exploited by so many for so long in so many ways that the whole system is responsible to some degree or another....

Definately but this is a new one. It has happened in the past to a smaller degree and company usually buys back quick. They chose not to this time, maybe on good lawyerly advice or TA assumption whatever it is, they did not expect the shares sold to carry with it the 3 million in bills due.
 
Posted by cruz on :
 
agree

quote:
Originally posted by glassman:
i still think the mistake was offering the shares at 4$, NOT 4000$ dollars...

but that's just my opinion.....


 
Posted by glassman on :
 
i have done trades with share distribution before...they don't work the same as cash distributions......the reason for that is the share you already hold is usually part of exchange in the dividend issue...

the price should have remained high till the shares showed up....
 
Posted by cruz on :
 
who would you rather be at fault mm or ta? ta uses insurance claim. mm has money and should be able to buy these back and recoup their loss. pps should rise. [Smile] no bid whacking guys!
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i have done trades with share distribution before...they don't work the same as cash distributions......the reason for that is the share you already hold is usually part of exchange in the dividend issue...

in this case the FS was meant for the owners only, RS 6and 1/2 million for 1 left no one holding shares, fractional shares were bought out at .0005.

IMO there is no way the management wanted to dump there 11 due bill shares on the market thats why the 4k price. Mistakeny they thought they now have 33 mill to sell. Also they think we the buyers are wrong. But I got my divs.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
who would you rather be at fault mm or ta? ta uses insurance claim. mm has money and should be able to buy these back and recoup their loss. pps should rise. [Smile] no bid whacking guys!

doesnt' matter to me if there is a buy back order given. If not then i'm not sure, at least one of the owners has some deep coroprate pockets too.
 
Posted by cruz on :
 
if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?

no it would be more on the lines of company calling NAS saying we F'd up. what do we do? Nas says buy everything back or else, could say the same to TA and say thats why you have insurance.

will be no announcement, you'll be able to tell if buyback is happening by opening volume. and PPS of course they will try and buy back at lowest price possible.
 
Posted by glassman on :
 
quote:
Originally posted by cruz:
if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?

i'm hoping for heavy trading. [Big Grin]

they can actually MAKE MONEY in the buyback if they do the trades correctly....watch for real PROS working the system....LEARN [Big Grin]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by cruz:
if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?

i'm hoping for heavy trading. [Big Grin]
I know you'll have your buy orders on trigger at open just in case...
 
Posted by glassman on :
 
i am still waiting for my dividend.... [Mad]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i am still waiting for my dividend.... [Mad]

that sucks, but it may work out better for you, with all the nervous nellies selling at open or on first dip
 
Posted by cruz on :
 
i like that idea of buying more come monday. all the while i am thinking how to sell. keithsan - do you have to work monday or are you done teaching? i have to work monday and anticipate be very busy with little time to watch. any quidance on monday? should i be able to wait it out? just watch monday with the exception of some buy orders maybe. your opinion of course.
 
Posted by glassman on :
 
i already made money in this deal...not too unhappy, just impatient...
 
Posted by keithsan on :
 
CRUZ: i have to work monday but if internet is down i will go home. If we open well, I will set students up to work, I'm off for the first market hour then working for lunch and home for the close. So I should be ok.

Glass, I haven't made a nickel since beginning of play i've been going for the big score.
 
Posted by glassman on :
 
always protect your capital [Big Grin]
 
Posted by keithsan on :
 
yep, not this time though, I've been waiting for a play like this, still has a long way to go.
 
Posted by BuyTex on :
 
I know we've got the Royal Palm/DigiKidz connection in this thread, and Bidville has been mentioned (an OTCBB btw, BVLE); apparently there's also links to Cirilium and market makers EFGI and LAMP. so maybe there's potential firepower to fuel a forced cover, as opposed to a desperate shell?
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
I know we've got the Royal Palm/DigiKidz connection in this thread, and Bidville has been mentioned (an OTCBB btw, BVLE); apparently there's also links to Cirilium and market makers EFGI and LAMP. so maybe there's potential firepower to fuel a forced cover, as opposed to a desperate shell?

yes, that is what i'm hoping for....

they make money off this sort of thing all the time....this one is different in some ways,YES,

but the system THEY set up is the system they should have to live with......


live by the sword, live by the sword.... [Big Grin]
 
Posted by keithsan on :
 
just grabbed free week trial at alphatrade again...
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
just grabbed free week trial at alphatrade again...

got pinks?
 
Posted by cruz on :
 
yes - pinks available
 
Posted by Purl Gurl on :
 
Of interest,

http://www.otcbb.com/dailylist/txthistory/BB03262003.txt
http://www.sunbiz.org/scripts/corevt.exe?a1=DETEVE&n1=P01000001011&n2=DOMP

03/26/2003 13:30:11|S2|GLVP|ECON**|GLUV Corporation|e-Connect Network Inc|03/27/2003

Gluv -> E-Connect -> Gluv -> Media Magic

GLVP -> ECON -> GVRP -> Media Magic

ECON was _rumored_ to be a scam operation.
They have moved full circle. All four of
those are the same shell company.

Purl Gurl
 
Posted by keithsan on :
 
ya finally otcbb working again.
 
Posted by cruz on :
 
anybody find any news release for this weekend? it wouldn't surprise me if they are trying to keep this under wraps. anybody have an idea how many bought into this?
 
Posted by keithsan on :
 
LOL f'n morons:

May 22, 2005 04:56 PM US Eastern Timezone

GLUV Corp Seeks Trading Halt

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 22, 2005--URGENT: GLUV Corp. (Pink Sheets: GVRP.PK) announced today that it has recently come to the Company's attention that 3 million shares of the Company's common stock were issued prior to the dividend payment date. According to the company, it appears that an unknown number of those shares have been improperly traded in the marketplace throughout the last few days.


The Board of Directors of the Company had voted that each shareholder holding shares on May 13, 2005, was entitled to a dividend payable in common shares of the Company at a ratio of 3 million shares for every 1 common share held on such date. However, at least 3 million of such shares appear to have been distributed prior to the payment date. The Company is investigating the reasons behind the distribution of these shares; however, it has reached out to the SEC seeking a halt on the trading of the Company's shares. No such shares should trade until further notice by the Company in order to determine the extent of the problem. The Company has commenced an internal investigation into this matter and fully intends to cooperate with regulators in resolving the situation.

DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contacts
 
Posted by Purl Gurl on :
 
Haven't found anything new, here. Looking, however.

On the two recently filed regdex, here is a link
which explains what those are:

http://www.sec.gov/divisions/corpfin/forms/regd.htm

Type filed is Regulation D and Section 4(6)

Appears those were offerings to accredited investors,
suggesting some money might be available. Could be
related to that family trust, as well.

Actual document cannot be viewed at Edgar. It is
a paper document only available over-the-counter
or by email order.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Haven't found anything new, here. Looking, however.

On the two recently filed regdex, here is a link
which explains what those are:

http://www.sec.gov/divisions/corpfin/forms/regd.htm

Type filed is Regulation D and Section 4(6)

Appears those were offerings to accredited investors,
suggesting some money might be available. Could be
related to that family trust, as well.

Actual document cannot be viewed at Edgar. It is
a paper document only available over-the-counter
or by email order.

Purl Gurl

read my last post purl
 
Posted by Purl Gurl on :
 
Media Magic is a computer school, not accredited.
Looks to be a small outfit. It is located in a
commercial area zoned for light industry. They
are mixed in with a RV sales yard, U-haul like
trailer / truck rentals and such.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
LOL f'n morons:

May 22, 2005 04:56 PM US Eastern Timezone

GLUV Corp Seeks Trading Halt

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 22, 2005--URGENT: GLUV Corp. (Pink Sheets: GVRP.PK) announced today that it has recently come to the Company's attention that 3 million shares of the Company's common stock were issued prior to the dividend payment date. According to the company, it appears that an unknown number of those shares have been improperly traded in the marketplace throughout the last few days.


The Board of Directors of the Company had voted that each shareholder holding shares on May 13, 2005, was entitled to a dividend payable in common shares of the Company at a ratio of 3 million shares for every 1 common share held on such date. However, at least 3 million of such shares appear to have been distributed prior to the payment date. The Company is investigating the reasons behind the distribution of these shares; however, it has reached out to the SEC seeking a halt on the trading of the Company's shares. No such shares should trade until further notice by the Company in order to determine the extent of the problem. The Company has commenced an internal investigation into this matter and fully intends to cooperate with regulators in resolving the situation.

DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Contacts

this kills me, now thanks i'll trade till the sec stops me.
 
Posted by BuyTex on :
 
Commercial transfer agents assume liability. Commercial transfer agents for the New York and American Stock Exchange companies have to carry transfer agent liability insurance. The SEC is considering requiring all commercial agents to be similarly insured.
from:
http://www.stocktransfer.com/index.cfm?action=entrepreneurs.needaTA.inHousevsAgent&displayMenu=needaTA&ssl=0

Interwest Transfer does not mention its insurance, if any, on its web page. clearly, it's their f-up.
 
Posted by keithsan on :
 
hello whack jobs read the news!
 
Posted by Purl Gurl on :
 
"DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE. "

They have no authority nor power to enforce that.

Dump on Monday?

Sure took them long enough to figure this. Maybe
it was that email I sent to the big wigs?

* laughs *

I am pumping my own ego.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
"DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE. "

They have no authority nor power to enforce that.

Dump on Monday?

Sure took them long enough to figure this. Maybe
it was that email I sent to the big wigs?

* laughs *

I am pumping my own ego.

Purl Gurl

No power is right, doubt the SEC will step in but we'll find out. NO dumping.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
hello whack jobs read the news!

lol, keithsan, everybody's posting at once.

so we renew pressure on SEC in the morning and hope Interwest has insurance right? Anyway to get their liability coverage from public/Web docs?
 
Posted by keithsan on :
 
obviously they will be running to sec and cry fowl....
 
Posted by cruz on :
 
GVRP are pathetic f'n morons/ they just now noticed! give me a break! LOL
 
Posted by Purl Gurl on :
 
This is darn entertaining!

The boards are going to catch fire with gossip!
 
Posted by cruz on :
 
no dumping guys!
 
Posted by keithsan on :
 
this is gonna be funny, internal investigation just 3 million sold, coool fake float is smaller than I thought
 
Posted by jason10 on :
 
heres a senario that may noy have been thought of

when they did a reverse split someone not involved with either the company or the TA held enough shares to keep a whole share after the split and the TA gave everyone thier shares early and whoever it was outside of the company who had a share left after the split was like SWEEEEET sells to all of us and accidentally destroys the company/TA in the process and possibly in the end creates new legislation/regulation/regulators

and honestly even if the past owners of the shell had been crooks doesnt mean the people from media magic will/would be

in either case its the TAs fualt but in this scenario the whole thing was out of the companies hands

of course everything we come up with is entirely unsubstantiated rumors till everything comes out (if it ever does)
 
Posted by jps72 on :
 
Does anyone have any thoughts on how this might affect 'etraders' such as myself who have not rec the f/s yet? I called on Friday, the best answer I could get was "you appear to be eligible.."
 
Posted by keithsan on :
 
Jason TA stated they only had 11 shares and got 33 mill for the FS. since the TA gives it to them I believe the TA
 
Posted by cruz on :
 
i hope the officers of GVRP are reading this thread!
 
Posted by glassman on :
 
they didn't mention the exdividend date...LOL , wonder why?

the good news? only 3million or so are out..that makes it easier to deal with .. [Big Grin]
 
Posted by Purl Gurl on :
 
three-million shares means they sold one share,
pre-split.
 
Posted by dishgal1 on :
 
I think they sold, thinking they would get the dividends (due bills) Are they really that stupid.....to sell that soon?

Copied this from Interwest web site but not very informative

Transfer Services - At the present time, Interwest Transfer Company, Inc. maintains the records for over 1,100 companies. Our basic services includes the following:

Receipt of stock certificates presented for transfer. Review of endorsements, check signature guarantees, cancellation of the old certificates and issuance of new certificates as instructed.

Maintain and update shareholder records.

Process "stop transfer" orders on lost or stolen securities. Maintain the file and follow through to conclusion, replacement or recovery. File all forms with the Securities Information Center. In most cases help with obtaining the required bond for replacement.

Examine and review the required documents for "Rule 144" transactions, and if requested notify the Company of these transactions before new certificates are issued

Review documents for estate or other legal transfers.

Warrant Services - Warrant certificates are handled in the same careful and precise manner as Common Share certificates.

During the "exercise" period, we are prepared to receive the properly executed Warrant certificates for exchange to Common share certificates, deposit any check received in a special warrant account, and disperse those funds at your direction or as stated in your Warrant Agent Agreement.
 
Posted by Purl Gurl on :
 
Boys over at the IH board are going on about
issuing T-shirts for this event. Pretty funny.

Purl Gurl
 
Posted by jason10 on :
 
yes but the TA didnt say the company controled all 11 shares

all that means is that thats how many there were not how many the company held

and if someone held enough to get his one share he would be just barely below the 10% ownership that requires registering correct?


i mean if you have way too much money why not buy 9% of a shell company so if it were to fill itd most likely be worth 10X what you paid for the 9%

its all just thoeries anyway
 
Posted by BuyTex on :
 
i doubt the SEC will be very lenient: it can be proved they were contacted as early as last monday then at least one related MM was snatching back shares Fri and they wait till last minute the day before to release a second-rate, whine-job PR...
 
Posted by keithsan on :
 
Jason all 11 shares, all is all tA stated os is 33 mill.

this is fantastic i wouldn't be surprised if the SEC blows em off.
 
Posted by cruz on :
 
anybody changing their position on monday? this pr is a request from SEC. still should be trading monday.

"DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE. " - LOL
 
Posted by Purl Gurl on :
 
My best believe is only the NASDAQ can effect
a trading halt. It may turn out the SEC will
order that halt, and NASDAQ will comply.

However, going through the SEC might take a bit
of time. The SEC is not prone to doing much of
anything until exhaustive research, which can
take days, months, even a year.

Any ideas for a T-shirt logo? LMAO

Purl Gurl
 
Posted by Purl Gurl on :
 
An opinion only, I don't think the SEC would
take an action which would cause finacial harm
to buyers. They might order a halt, but I am
fairly sure they will not allow GVRP to screw
buyers out of their money. That would be really
bad PR for the SEC.

* crosses her chubby fingers *
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
three-million shares means they sold one share,
pre-split.

thereby holding 10 x 3mm to dump later: surely the SEC will see they're robbers who crashed their getaway car and are now on foot, hitch-hiking and begging for rides...
 
Posted by dishgal1 on :
 
For me personally, I am holding....I want to see this thru.....NOW that's not to say if the price spikes I won't sell some. I refuse to sell them for .0001 or 2 or 3 maybe .0005 (just a small fraction) My idea is this. If this starts to go up, there is no telling where it will go.....I will sell on the way up in fractions. Then I will hold a million FOREVER! LOL
 
Posted by Purl Gurl on :
 
Well said, Tex! I am impressed with your analogy!

Crashed their getaway car..

Too funny.
 
Posted by glassman on :
 
good find about Interwest being so big...this is no little company then...maybe the insurance will be there?
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
My best believe is only the NASDAQ can effect
a trading halt. It may turn out the SEC will
order that halt, and NASDAQ will comply.

However, going through the SEC might take a bit
of time. The SEC is not prone to doing much of
anything until exhaustive research, which can
take days, months, even a year.

Any ideas for a T-shirt logo? LMAO

Purl Gurl

the giant OOPS at i-hub is pretty funny

a cartoon of the getaway car crash, or as glass's imagery, the armored car robbery that got intercepted
 
Posted by DOUBLE L on :
 
I have now wasted 1-1/2 hours reading this thread. Very interesting on all sides. First and most important did someone slip up Kir. Sch. and put a name where it ways not supposed to be. If so I lost a ton of respect. Next where is the koolaid. I see a cmkx thread right before my eyes. What most people never realize is money can be mad on scams. Most are out with free shares. Very nice. Even the worst basher of cmkx must admidt that since it was first posted on allstocks it went up 18 times the orignal price. I wish you all luck. I will be watching on the sidelines. I had a stock that was doing a f/s and changed date. I lost 30% with the pr. I have no idea how they did it but I sold out with a small profit and moved on. The symbol now is amni. I think. Hope that helps. Can they have prefered shares worth. 1 billion votes each. Like I said I just read the 33 pages and have not done any dd into the stock. If they stop trading can the company issue the shares on the grey sheets and r/s when they start trading again. People claimed the stock I had that changed symbols was trading on the greys while they were stopped? I called a broker one time trying to buy on the grey's and they would not let me. I still need a mm for a broker. Only way to play. Once again good luck I hope it works out for you. Next question does this make me a basher? Please vote my stars off if it does.You do have a solid lineup of players on this one.
 
Posted by Purl Gurl on :
 
Wait! Wait! They just fell off their horse, Tex.

(actually a lame brain mule)
 
Posted by Purl Gurl on :
 
My name is Kiralynne Schilitubi and I posted it!

Nobody violated my privacy. Even our home address
is public record.
 
Posted by Purl Gurl on :
 
However, tax rolls show us living in many
different locations!

Not to worry, we have dealt with stalkers before,
restraining orders all that. We are documented.

Anyone shows up at our door and we ascertain he
is from the internet, he will be instantly
physically assaulted, with no warning.
 
Posted by DOUBLE L on :
 
I thought you slipped up. I have never seen you sign with your name. You still have my respect then.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Wait! Wait! They just fell off their horse, Tex.

(actually a lame brain mule)

love it: blazing saddles, THE REMAKE, II, lol they rode their nag BACK INTO the burning barn!
 
Posted by Purl Gurl on :
 
"You do have a solid lineup of players on this one."

A solid lineup of bozos.
 
Posted by DOUBLE L on :
 
I might have to try that Purl.I am no stalker unless you are a ceo of a public company. Then I might give you a call or show up at your door.
 
Posted by BuyTex on :
 
riddle me this, batgirl? don't we start flooding the SEC with e-mails, right......................................n-o-w
 
Posted by keithsan on :
 
If the SEC doesnt halt this, I'm buying on monday, cuz only 3 mill were sold YAAAAAAHHOOOOOO
 
Posted by keithsan on :
 
LOL this sucker may really run. c'mon don't halt it. I don't want a court case.
 
Posted by cruz on :
 
when you mean a waste of time double LL, is it because you missed the boat? or do you think we are morons? i am not taking stars away from you. this trade is my lottery ticket and i think i hit the jackpot. i am confident i will at least break even if not walk away with a small profit. it has been fun and will continue.
 
Posted by dishgal1 on :
 
I truly believe, after reading this PR, that they don't have a clue as to the extent of their messup.

I still say if they are that clueless, they sold thinking they were DUE THE DIVIDENDS.....Thoughts anyone?
 
Posted by keithsan on :
 
LL had an FS date broken so he doesn't trust it, this can't be broken A cuz it happened B, cuz when I posted on tues it was already in motion.
 
Posted by Purl Gurl on :
 
I'm so giddy, I cannot stop laughing!

Oh no, no sir, I will not trade those shares!

Tex, we need Mongo.
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
I truly believe, after reading this PR, that they don't have a clue as to the extent of their messup.

I still say if they are that clueless, they sold thinking they were DUE THE DIVIDENDS.....Thoughts anyone?

they have a clue NOW just a little late, and they are hoping the sec stops it. LOL
 
Posted by glassman on :
 
LL i'm surprised at you for being so critical...

you know darn well we've been fair and even handed here...
 
Posted by DOUBLE L on :
 
I did miss the boat. I am still confused a hell on this one. It would be nice to see the little guy eat up the big boys (or girls) for once.
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
I truly believe, after reading this PR, that they don't have a clue as to the extent of their messup.

I still say if they are that clueless, they sold thinking they were DUE THE DIVIDENDS.....Thoughts anyone?

Purl should remind the i-hub guys to hit SEC with their evidence of contacting the company last Monday. Layout the chain she found, showing them play hide-the-pea, and help SEC realize the crooks got caught. Then we all e-mail SEC with "real" addresses demanding our shares. Help the SEC to remember they're supposed to protect us, not crooks...
 
Posted by <Trader88> on :
 
Someone should email the company and ask them on what authority is the statement:

DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE

Sounds like a scare tactic to me, I would venture a guess that trading will go on tomorrow. They have no authority whatsoever to halt trading themselves. It may have even been illegal for them to make that statement in a PR, as only regulators can demand that shares not be traded.
 
Posted by glassman on :
 
5 day avg was 95,380 so that is a LOT less than 3 million shares traded that's less than 500,000 traded since MON..... think about that....

some MM has a ton.......


and those trades are not ALL buys...

we are sitting on a powderkeg IMO....

30 day avg is 7,948....so there just aren't 3 million on the "street" they may have been sold, but they are not OUT....
 
Posted by keithsan on :
 
actually trader when a company says "don't trade these shares" I'm buying!!!!
 
Posted by BuyTex on :
 
quote:
Originally posted by <Trader88>:
Someone should email the company and ask them on what authority is the statement:

DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE

Sounds like a scare tactic to me, I would venture a guess that trading will go on tomorrow. They have no authority whatsoever to halt trading themselves. It may have even been illegal for them to make that statement in a PR, as only regulators can demand that shares not be traded.

yesss! start flooding the company, too--with that exact point...** waves arms, pumps fist, groundswell begins ! ***
 
Posted by DOUBLE L on :
 
It's still going on(cmkx). I thought it would die by now. I us it to show new people anything is possible and what not to invest in. Glassman you know I will play anything if I see a profit. Just half pissed I have not been watching this one. I have been off in my own little world. Playing the local stuff. Buy the way it's time to buy again down to .40-.45 should go back to .60 in the first week of June.
 
Posted by Purl Gurl on :
 
I will do that, Tex, right away. Most won't but
some will. Just a dozen or so emails to the SEC
will make a big difference. I will send my own
email to the SEC.

You fight pretty good for a goat roper.

Let's see, GVRP claims to have sold three-million shares.

Each share has a forward split attached.

Isn't that three-million squared for the current
outstanding float?

I suspect that is a rather large number.
 
Posted by glassman on :
 
LL:
Buy the way it's time to buy again down to .40-.45 should go back to .60 in the first week of June.

glassy:

i remember which one you mean thanx.... [Big Grin]
 
Posted by glassman on :
 
no way have three million have shown up on the market tho PG...
LOOK at the 30 day avg.....

somebody is sitting on a big chunk...MM's? in which case?
 
Posted by dishgal1 on :
 
We need GreedyMalone on this....he is so knowledgeable on these SEC types of things. Wish he would read this thread. I found his email address on YAHOO....Sent him an email. Pumpers hate him....LOL So if he shows up he is here to give us information....Now PURL be nice...LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
I will do that, Tex, right away. Most won't but
some will. Just a dozen or so emails to the SEC
will make a big difference. I will send my own
email to the SEC.

You fight pretty good for a goat roper.

Let's see, GVRP claims to have sold three-million shares.


I suspect that is a rather large number.

weren't we assuming all 11 x 3mm had been dumped early? in that case it would have been 3mm-squared, right?
Each share has a forward split attached.

Isn't that three-million squared for the current
outstanding float?
 
Posted by jason10 on :
 
yeah its 9 trillion 9,000,000,000,000 and the company still suposedly holds 30million 30,000,000 BAHHAHAHAHAH
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
no way have three million have shown up on the market tho PG...
LOOK at the 30 day avg.....

somebody is sitting on a big chunk...MM's? in which case?

I think we know these MMs are involved: EFGI and LAMP, and someone at i-hub noticed LAMP in play on the eod run...
 
Posted by cruz on :
 
pg - send me a copy of your email and i will send one from my address.
 
Posted by Raptorsrule on :
 
WHOA.........all of us inluding you Purl(giddy) need to slow down and see what happens tomorrow. I am in favor of setting our sales at a 3 dollar minimum......if all of us do it....they are screwed..can we spread the word...can we convince the masses...just a tought.....

opinions please...

Purl... vegas is sounding better and better....
 
Posted by glassman on :
 
quote:
Originally posted by jason10:
yeah its 9 trillion 9,000,000,000,000 and the company still suposedly holds 30million 30,000,000 BAHHAHAHAHAH

NO, the shares are NAKED SHORTS( they aren't real) the OS is still only 33 million...

and the shares you bought do carry the dividend and should not have been sold so cheap...
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Raptorsrule:
WHOA.........all of us including you Purl(giddy) need to slow down and see what happens tomorrow. I am in favor of setting our sales at a 3 dollar minimum......if all of us do it....they are screwed..can we spread the word...can we convince the masses...just a thought.....

opinions please...

Purl... vegas is sounding better and better....


 
Posted by glassman on :
 
this is a naked short situation.... because the shares were sold before they were real.....

the shares are not real until the EXdividend and payout....they jumped the gun....
 
Posted by keithsan on :
 
yep not so cheap LOL

"the company is investigating"

LOL who sold? was it you MO? curly? must've been shemp!

LOL EEEEEDDDDDDIIIIOTTTS
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
this is a naked short situation.... because the shares were sold before they were real.....

I was reading reg's not sure if its 403(A) or 403 b

crap, think it was 403. anyways i'll find it later
 
Posted by BuyTex on :
 
also, keith, glass, purl, raptor, anybody f'mr w SEC research: how hard to find regs pertaining to the "threat" directive or whatever to refrain from trading. Boy, if that's illegal...
 
Posted by Raptorsrule on :
 
PS...I'm smelling flowers...and there ain't no coffin around....we are pi$$in in tall cotton boys and girls....
 
Posted by glassman on :
 
i'm wondering if we get paid to be interviewed by Ed Bradley or not? [Big Grin]

or do we go to the Enquirer for the big BUCKS LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
yep not so cheap LOL

"the company is investigating"

LOL who sold? was it you MO? curly? must've been shemp!

LOL EEEEEDDDDDDIIIIOTTTS

another T-shirt candidate! hahahahaoooooooheeeeee
 
Posted by Purl Gurl on :
 
I like being naked.

Dish, be nice? Ah shoooot...

Tex, it is done. I have urged the IH people
to contact or write. I have not yet composed
an email. I need to give thought to what I
want to write, give thought to how to make
it as effective as possible, in as few words
as possible. I will share my email.

Hmm, my trading halt news was only premature.

Cruz, lots of debate about what to do Monday.
My comment to dump was impulsive. I will stick
to my original plan to hold, to wait, to watch
for a clean head shot.

Remember, you have been ordered to not trade.
 
Posted by <Trader88> on :
 
If they let this stock run tomorrow, GVRP will make history. Reading the PR leads me to believe that they MAY have been told to eat dirt by the regulators. If that's the case, we have .001 tomorrow.
 
Posted by Raptorsrule on :
 
Tex...screw'em.....their PR was an idol threat...PERIOD....they are hoping we are morons of the magnitude they are...


I've never said this before...ever...but MUHHAHAHAHAH......This is so much dang fun.... [Smile]
 
Posted by Raptorsrule on :
 
Purl.....naked rocks...

so does GVRP.....LOL....
 
Posted by glassman on :
 
Purl i like you being naked too.. [Big Grin]
 
Posted by dishgal1 on :
 
Does anyone know what the price per share was prior to the reverse split.....that way we could figure up what the pps should have been to us.

On Yahoo, the historical prices are phenomonal.
 
Posted by Purl Gurl on :
 
Tex, it is working. From the private GVRP board
over at IH site,

BEGIN

Posted by: Jim Bishop
In reply to: Mr. Bill who wrote msg# 48590
Date:5/22/2005 6:17:52 PM

Can't hurt now, if the company's serve gets over the net, time to smash it right back at them.

Tips - Report a potential violation of the securities laws directly to enforcement@sec.gov. Please do not use this email box for general comments or questions.


NASD complaints and complaint form, secure url, so copy it and past in address bar.

https://apps.nasd.com/Investor_Information/complaints/complaintCenter.asp

https://apps.nasd.com/Investor_Information/complaints/complaintType.asp

END
 
Posted by Purl Gurl on :
 
this is cute,

http://www.investorshub.com/boards/read_msg.asp?message_id=6431222

Tex, I am finding more posts at IH in which people
are both sending email and suggesting to send.
 
Posted by Purl Gurl on :
 
I used my big butt to bump this clean over here
from days back! More of a KABOOOM actually.

SEC - NASDAQ - DTCC Contact Information

For those interested in expressing your concerns
about GVRP not complying with trading rules,

SEC:
http://www.sec.gov/complaint.shtml
http://www.sec.gov/contact.shtml

NASDAQ:
http://www.nasdaq.com/help/contactInformation.stm
https://apps.nasd.com/Investor_Information/complaints/complaintCenter.asp

DTCC:
http://www.dtcc.com/contactus.htm

A sincere suggestion is to organize your thoughts before
contact. Keep your explanation brief but concise. Email
works best if both your subject line and first sentence
mention a ticker symbol and problem, such as,

Subject: GVRP Naked Shorting
Introduction: Mounting evidence indicates GVRP is naked shorting...

Readers of email "key" on the subject line and the first
sentence of email.

Phones calls, do consider working at being extra polite
and at being "submissive" to lead the person into feeling
important and in charge. Be firm but fair and keep your
conversation as short as possible. Provide specific
but short details, without personal commentary.

Again, I am of an opinion GVRP issues should be made
"official" to take care of loose ends.

End game is to force GVRP into covering their short
positions which places that company in a position of
having to buy shares from us.

Purl Gurl
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
this is cute,

http://www.investorshub.com/boards/read_msg.asp?message_id=6431222

Tex, I am finding more posts at IH in which people
are both sending email and suggesting to send.

Ok, perfesser--wasddya think? Keithsan, legal review?

GLUV: pearce, et al
trading as GVRP
Gentleman:

Your possibly illegal press release via Business Wire has come to our attention, directing shareholders with sigficant positions in your start-up to refrain from trading. Naturally, we find this alarming and hereby request that you alter your stance and issue another release acknowledging your mistake. Because your company has been contacted since at least as early as Monday, May 16 in regards to outstanding shares, you have no reasonable expectation that your new shareholders should refrain from trading. Any further attempts to manipulate the price of OUR shares will certainly result in appropriate legal actions. Please do not delay in issuing your corrected Press Release: the market opens in less than 15 hours--TIME IS OF THE ESSENCE for you to avoid shareholder panic and attach negative connotation to our investment.

Sincerely,

Lone Stranger
 
Posted by glassman on :
 
charts seem to indicate value was around 25,000 per share beforethe reverse split...
 
Posted by glassman on :
 
However, at least 3
million of such shares appear to have been distributed prior to the
payment date.


this is waht i've been saying all along....
the shares we bought HAVE the dividend "coupon" still attached...

no matter what they try to tell us....
 
Posted by keithsan on :
 
of course G thats why we started buyin in the first place [Smile]

JIM Bishop on IHUB is sending this;Z

Subject: Gluv Corp, pink sheet symbol GVRP

A short while ago, a Pink Sheet company called Gluv Corp (GVRP) put out the following press release:

http://biz.yahoo.com/bw/050522/225025.html?.v=1

They offer a more than slightly disingenuous account of their difficulties. To explain very briefly, they first did a 1:6,500,00 reverse split, leaving them with, according to my calculations and information from the transfer agent, eleven shares issued and outstanding.

They followed the r/s with a 3,000,000:1 forward split. Believing the forward split became effective on its date of record, which was Friday the 13th , they put out a PR on Tuesday the 17th and began selling stock into the market.

A number of people called the company to tell them the forward split would not become effective until the ex-dividend date, but company officals laughed and said they knew what they were doing.

The company was emailed and advised of the situation on the 18th. Their response was "My group has done this deal and we are the largest shareholder, but I still don't why you are telling me??"

On Wednesday the 18th I called the transfer agent, Interwest Transfer asking what the outstanding was. I was told 33 million. I commented to the t/a representative that there was a forward split of 3 million to 1 with an ex dividend date of May 23rd and if today there were 33 million outstanding that would mean 99 TRILLION would be outstanding on the 23rd.

I was then told by Lorraine at Interwest that they had adjusted for the 3 million to one forward split on Friday the 13th the record date. I advised her that is wrong, that the forward split doesn't actually take effect until Ex Div Date the 23rd and that NASD and Nasdaq have confirmed that date and the due bills date of May 25th and that there is no mistake about it. I was told "that's not how we do it".

Comments regarding their news release this date:

And so the buying of non-existent shares began. I confess I don't understand where they got the 3 million figure; total volume Tuesday-Friday was a little more than 450,000.

"Internal investigation"?? Three people?? And what makes them think they have the right to order people not to trade the stock?

I strongly suggest that you do NOT agree to a trading suspension, and that the Nasdaq does NOT agree to a trading halt. Gluv got themselves into this mess, and I believe they should be forced to cover. They could have taken steps to deal with this days ago, but chose not to do so.

I think this is particularly important because of all the nonsense surrounding the naked shorting issue. If the company is suspended or halted, I have absolutely no doubt that many of the more strident GetShorty campaigners will start screaming that the SEC and the Nasdaq "caved in" to the evil naked shortsellers. I don't think that should be allowed to happen.

I'm an individual investor, and have a very small position in this stock.

Respectfully,

Jim Bishop
 
Posted by cruz on :
 
MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH...... MUHHAHAHAHAH......
 
Posted by cruz on :
 
i like that raptor.. i am in the mood for an austin powers movie now.
 
Posted by cruz on :
 
i am tellin' you purl - you need to get the leather face back on and bring out the whip.
 
Posted by Purl Gurl on :
 
sigficant - significant

"might" result in ... legal

Please do not be insulted, Tex. Your email is a
little too threatening; too much testosterone.

Don't be insulted, please.

I will suggest a feminine "Socratic Irony" approach,
and this is only a suggestion, good or bad.

A feminine approach is to be emotional, to be soft,
yet to be firm but fair.

"I am confused by your news which states...blah
blah... because I am planning to trade with hopes
of making a little profit for my family.

Is it true I cannot trade my shares in your company?
Please tell me I can trade because I was advised
to invest a lot of money into your company and
our family cannot afford to lose that money. I
was told you are reputable and this would be a
safe investement for me... blah blah blah...

Socratic Irony is the art of playing stupid. That
art is exceptionally fatal for the recieving end.
It is an art of pretending to be ignorant, an art
of presenting yourself as knowing very little.
This leads your "debate" opponent into thinking
he is in a position of power, and his statements
will become bolder and he will leak information
you need to destroy him. Socratic Irony is to
masturbate your opponents ego.

"I am not sure I understand this. Would you help
me to better understand what has happened and
what I should do? You state a problem about shares
and I should not trade. What does that mean? If
you would, could you expand on what has happened?
Blah.. Blah.. Blah.. I appreciate all your help
on this. I am truly lost and do not understand.

Purl Gurl
 
Posted by BuyTex on :
 
and for the SEC, is this any good?

SEC fraud division
re: GLUV trading as gvrp

As in investor in a new start-up resulting from the merger of GLUV and DigiKidz, I feel I must report an apparent violation re: a press release via Business Wire in which the company attempts to coerce shareholders to "refrain from trading" (released Sunday afternoon, May 22). This is an alarming situation for those of us who have invested on news of the merger, to say the least. Please direct the company from any further action that might panic the investor community as this is an obvious threat to our trading positions. Furthermore, please direct the DTCC to forward any remaining dividend shares that have not been delivered, as that also hampers our fair place in the market.

Sincerely,
 
Posted by dishgal1 on :
 
this is waht i've been saying all along....
the shares we bought HAVE the dividend "coupon" still attached...

no matter what they try to tell us....


But they obviously didn't know that when they sold them.....TOOOOOOOOO FUNNY! This is getting hysterical....
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
sigficant - significant

"might" result in ... legal

Please do not be insulted, Tex. Your email is a
little too threatening; too much testosterone.

Don't be insulted, please.

I will suggest a feminine "Socratic Irony" approach,
and this is only a suggestion, good or bad.

A feminine approach is to be emotional, to be soft,
yet to be firm but fair.

"I am confused by your news which states...blah
blah... because I am planning to trade with hopes
of making a little profit for my family.

Is it true I cannot trade my shares in your company?
Please tell me I can trade because I was advised
to invest a lot of money into your company and
our family cannot afford to lose that money. I
was told you are reputable and this would be a
safe investement for me... blah blah blah...

Socratic Irony is the art of playing stupid. That
art is exceptionally fatal for the recieving end.
It is an art of pretending to be ignorant, an art
of presenting yourself as knowing very little.
This leads your "debate" opponent into thinking
he is in a position of power, and his statements
will become bolder and he will leak information
you need to destroy him. Socratic Irony is to
masturbate your opponents ego.

"I am not sure I understand this. Would you help
me to better understand what has happened and
what I should do? You state a problem about shares
and I should not trade. What does that mean? If
you would, could you expand on what has happened?
Blah.. Blah.. Blah.. I appreciate all your help
on this. I am truly lost and do not understand.

Purl Gurl

"none taken, ma'am" *tips hat*
No, good point. Look at the SEC one, too--same reaction? I''m gonna read Jim's via Keith now. My main point is not WHAT is said as much as a FLOOD gets said.

(PS: i really was on the newsdesk, at big papers--it's hard to insult me with honest critique. Poor attitude, now thas' annnuther matter ;-) i find your attitude pretty delightful, most posts...)
 
Posted by <Trader88> on :
 
"The Company has commenced an internal investigation into this matter and fully intends to cooperate with regulators in resolving the situation."

Ahhh, so now they are cooperating with regulators? What about when they were dumping shares? Was that cooperating? Now they want them to bail them out! Amazing....
 
Posted by Purl Gurl on :
 
Tex tries to slip one past me,

"...find your attitude pretty delightful, most posts...."

Don't think you can slid anything past me!

Remember Kira, "i" before "e" unless after "c"
or if the word sounds like way, or if a foreign
word, or if you are singing Old McDonald's song,
E I E I E I OOOOOO

That does not explain "height."

Purl Gurl
 
Posted by <Trader88> on :
 
I'm actually eating a piece of toast right now. When I picked it up, I thought of management....
 
Posted by Purl Gurl on :
 
"recieving end" "slid"

receiving end, slide

hmmm... slip of my mind tongue.

GLASSMAN! Finally, after years of complaining,
we are sticking it to Wall Street!

Purl Gurl
 
Posted by dishgal1 on :
 
They are saying 3million sold early before payment date (how sad it is for them...Oh well it is nice to be on the receiving end for a change...LOL)

BUT................think about this.
We would have to add up the number of shares purchased this week total to find out the number of shares investors are actually holding of those poor little guys dividends. It might be helpful to know....maybe there aren't as many as we think and they may be worth a larger pps.
Anyone have any comments?
 
Posted by Purl Gurl on :
 
Glassman, these are historical times. I am pleased
all of us, with thanks to Keith, have jumped into
this game. Quite the learning experience!

All have learned so much about trading. You will
recall I was totally confused at first. Now my
understanding is very deep and I know so much
more than before. I am sure the same is true
for all of us.

Allstocks is becoming a smarter, more savvy
group of investors, and your "traders" as well.
Everyone now enjoys more knowledge and more
experience to share with others in the future.

We will be noted in Wall Street history!

How much do you think we should charge for
event T-shirts? A spin-off company maybe.
We should contact David & Goliath over in
Los Angeles, the "boys are stupid" T-shirt
company. They could make us some,

"Boys Who Wears Gluvz, Are Stupid" T-shirts.

"Gluv Boys Are Stupid. Throw Short Shares At Them."

Purl Gurl
 
Posted by Purl Gurl on :
 
Dish, they did NOT sell three-million shares.
Give me a minute and I will pull some stats
while practicing being nice as you suggest.
 
Posted by glassman on :
 
yes, some of the shares in the volume are the MM's buying back, but i don't have historical trades on any of my services....

guess? 3/4 of the shares traded were sold in to the market...
that's about 375,000 shares in OUR hands IN MY OPINION....
 
Posted by Purl Gurl on :
 
Dish,

http://www.investorshub.com/boards/read_msg.asp?message_id=6421895

Divide the total volume by two to get a very
rough idea of shares sold. Some of those trades
will not be made by GVRP. Nonetheless, one seller,
one buyer, divide by two to attain an approximate
idea of how many shares were sold.

No where near a million shares. The executives
at GVRP are either stupid or lying.

I think both with emphasis on the former.

Purl Gurl
 
Posted by dishgal1 on :
 
That is my guestimate also. So the MM's stocked up too....who gets those dividends (the ones in their hands?) No wonder the entire staff is resigning after the merger. They have created total chaos. LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
"recieving end" "slid"

receiving end, slide

hmmm... slip of my mind tongue.

GLASSMAN! Finally, after years of complaining,
we are sticking it to Wall Street!

Purl Gurl

purdy nice slip, if you ask me! mite rite a pome...
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Dish,

http://www.investorshub.com/boards/read_msg.asp?message_id=6421895

Divide the total volume by two to get a very
rough idea of shares sold. Some of those trades
will not be made by GVRP. Nonetheless, one seller,
one buyer, divide by two to attain an approximate
idea of how many shares were sold.

No where near a million shares. The executives
at GVRP are either stupid or lying.

I think both with emphasis on the former.

Purl Gurl

I maintain, until further evidence is in, the two MMs previously listed have the shares, and they're linked to the car-crash gang...
 
Posted by BuyTex on :
 
if they're standing by their 'puters, they might be getting nervous about now, watching their e-mail queue...and of course, one must assume they're reading our posts...sending occasional trolls...maybe?
 
Posted by cruz on :
 
if i only had bought 100 more or so shares pre-split when it was down to a 1.50.
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
if i only had bought 100 more or so shares pre-split when it was down to a 1.50.

STOP IT, lol, if we start what-iffing, we'll...we'll...we'll....well, we might mess up--c'mon dude, great play, here, pat yourself on the back!
 
Posted by glassman on :
 
i used the 3/4 number because i ASSUME a lot of the trades were one-way.... MM to retail buyer

now, if they are claiming that the MM's buying from the co shows up there too????

then this PR was a bold-faced LIE because there is no way the post RS volume shows 3 million shares..
micrcptrde resets its daily volume figures post RS...which is good, because it gives us a better look at how the RS is being DUMPED on...mcrcptrd is a very good tool......
 
Posted by BuyTex on :
 
Sky to Penny. c'min Penny... **Sky King curses his Cessna's radio** THIS THANG On?

Hey, let's hit Royal Palms with a coupla zingers, too. 'member they're investors in DigiKidz...
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
i used the 3/4 number because i ASSUME a lot of the trades were one-way.... MM to retail buyer

now, if they are claiming the the MM's buying from the co shows up there too????

then this PR was a bold-faced LIE because there is no way the post RS volume shows 3 million shares..
micrcptrde resets its daily volume figures post RS...which is good, because it gives us a better look at how the RS is being DUMPED on...mcrcptrd is a very good tool......

from i-hub thread:

Empire Financial (EFGI) is not new to the boys either they've used him with others. Same with LAMP who we saw jumping in.

144 filings:

HRZH:

PARKER, GERALD C. 05/02/2005 35,467 EMPIRE FINANCIAL GRO...


BVLE:

ST JAMES INVEST MUT ... 04/18/2005 390,000 LAMPOST CAPITAL
*************

me again, Empire Financial is the MM that starts with an E; LAMP is mentioned in another post, showing an office's link...
 
Posted by Raptorsrule on :
 
Did I tell you folks...... MUHHAHAHAHAH

MUHHAHAHAHAH...... MUHHAHAHAHAH..... MUHHAHAHAHAH

FOFLMAO......
 
Posted by dishgal1 on :
 
"then this PR was a bold-faced LIE because there is no way the post RS volume shows 3 million shares.."


There you go glass, every time you read it you pick up on something else. It is just amazing. They are crying because they lost their dividends....they just flat sold too early.....and doesn't that go back to the fact they put the wrong dates on the filing? Somewhere back on the first or second page of this thread...........?

OMG......we ARE looking like the CMK thread....LOL 36 pages and counting.
 
Posted by Purl Gurl on :
 
Subject: GVRP Unethical Activities

**

ATT: SEC
ATT: NASDAQ

May 22, 2005

Best to you,

I am writing to express grave concerns about the
GLUV corporation, GVRP ticker symbol.

Our family invested money into GVRP stock in good
faith with hopes we would later profit. Today, the
GLUV corporation released news which is of concern;
they are seeking an SEC trading halt.

It appears, based on that news, GLUV is planning to
relieve families of their money by eliciting help
from the SEC and possibly the NASDAQ. This really
concerns me and causes my family stress. We won't
be devastated by GLUV taking our money, but we will
suffer financial harm, to be sure.

Our family urges you to not assist GLUV corporation
in stealing money from all investors. We, all investors,
acted in good faith. Now GLUV is acting in bad faith
and it does appear this was a planned action to take
in money from investors, halt trading, and keep their
ill-gotten financial gains.

We also urge you to hold GLUV accountable for their
actions. What they are doing is highly inappropriate
and if you, the SEC and the NASDAQ, help them to
steal our money, your reputation will certainly
be severely tarnished, if not outright suspect.

Investors look to you at the SEC and the NASDAQ
to protect the investing public. That is your
stated purpose and I implore you to stand behind
your words, rather than cause harm to our family
and all families who invested in GVRP stock.

Please take actions which will not financially
harm innocent people who acted in good faith and
are now being victimized. Do not assist GLUV in
stealing our money under a regulation guise.

Thanks for taking time to read my mail,

Bozo the Clown
 
Posted by glassman on :
 
the difference between US and the cmk? koolaid drinkers is that we are using FACTS....they merely make up wahtever sounds good and call it DD....


we KNOW we have Naked shorts, and we KNOW we are entitled to the dividends....

they have somebody "drilling for diamonds" in the far north....

 -
 
Posted by Raptorsrule on :
 
Purl...

Very nice(fem fatale) letter....should do the trick.....

TEX...will do...your mailbox is full
 
Posted by Raptorsrule on :
 
OMG...Glass....that is hilarious.....You ever ice fished???...pretty fun if you have some good scotch.....
 
Posted by glassman on :
 
quote:
Originally posted by Raptorsrule:
OMG...Glass....that is hilarious.....You ever ice fished???...pretty fun if you have some good scotch.....

one of the few ways to fish i haven't done....
i have a thread on fishing on off-topic...
i still have a lot of good stories to put in there, but this weekend we have had something better to talk about [Big Grin]

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/14/t/000449.html?#000000
 
Posted by Purl Gurl on :
 
NASD Regulatory Tip Form Submission: 5/22/2005 at 8:14:42 PM ET

Provided below is a report of your submission. You may wish to print a copy for your records.


You will have better luck at NASDAQ / NASD here:

http://apps.nasd.com/Rules_&_Regulations/RegTipsForm.asp

Bozo the Clown
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Subject: GVRP Unethical Activities

**

ATT: SEC
ATT: NASDAQ

May 22, 2005

Best to you,

I am writing to express grave concerns about the
GLUV corporation, GVRP ticker symbol.

Our family invested money into GVRP stock in good
faith with hopes we would later profit. Today, the
GLUV corporation released news which is of concern;
they are seeking an SEC trading halt.

It appears, based on that news, GLUV is planning to
relieve families of their money by eliciting help
from the SEC and possibly the NASDAQ. This really
concerns me and causes my family stress. We won't
be devastated by GLUV taking our money, but we will
suffer financial harm, to be sure.

Our family urges you to not assist GLUV corporation
in stealing money from all investors. We, all investors,
acted in good faith. Now GLUV is acting in bad faith
and it does appear this was a planned action to take
in money from investors, halt trading, and keep their
ill-gotten financial gains.

We also urge you to hold GLUV accountable for their
actions. What they are doing is highly inappropriate
and if you, the SEC and the NASDAQ, help them to
steal our money, your reputation will certainly
be severely tarnished, if not outright suspect.

Investors look to you at the SEC and the NASDAQ
to protect the investing public. That is your
stated purpose and I implore you to stand behind
your words, rather than cause harm to our family
and all families who invested in GVRP stock.

Please take actions which will not financially
harm innocent people who acted in good faith and
are now being victimized. Do not assist GLUV in
stealing our money under a regulation guise.

Thanks for taking time to read my mail,

Bozo the Clown

high-5! I went with mods of my originals based on your edit and Jim's points...what about hitting Royal Palms, their major investor?
 
Posted by dishgal1 on :
 
[b]the difference between US and the cmk? koolaid drinkers is that we are using FACTS....they merely make up wahtever sounds good and call it DD....
they have somebody "drilling for diamonds" in the far north....[b/]

ROTFL...................That is hilarious.
 
Posted by Purl Gurl on :
 
http://www.cafepress.com/spitbot.14406093

* laughs *
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by Raptorsrule:
OMG...Glass....that is hilarious.....You ever ice fished???...pretty fun if you have some good scotch.....

one of the few ways to fish i haven't done....
i have a thread on fishing on off-topic...
i still have a lot of good stories to put in there, but this weekend we have had something better to talk about [Big Grin]

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/14/t/000449.html?#000000

Amen to that....went fishing in MI on lake St. Claire in the dead of winter...22 below ambient and the ice was 19 inches thick.....once we got the shanty up it was like watching the fish on TV (through the holes)

You need to come down here to Lake Fork Glass.....BIG black bass.....
 
Posted by Purl Gurl on :
 
Tex, I already sent mail to the executives at
Royal Palm. However I planned to send another,

"You're Fu*ked!"

Bozo
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
Purl...

Very nice(fem fatale) letter....should do the trick.....

TEX...will do...your mailbox is full

jeez, rookie mistake--anybody who PM'ed me, please resend earliest convenience...i have no idea what i missed but I cleared junk I din even realize was there...
 
Posted by <Trader88> on :
 
My email to the company:

Investor Relations Dept.:

I am an individual shareholder in your stock, GVRP, and have recently been made aware of a press release issued by you today with regard to the current situation on the stock's forward split. In your release, you state: "DO NOT TRADE THESE SHARES UNTIL FURTHER NOTICE".

As I understand it, I am free to trade my shares (that I purchased and own) as I please unless directed not to by a regulatory agency such as the SEC. In my understanding, a corporation cannot halt trading on their own without such an agency imposing a halt, even if they are on the Pink Sheets.

I intend to do as I wish with my shares unless directed otherwise by a regulatory agency. Thank you for your time.
 
Posted by BuyTex on :
 
glassman, find us a picture of a big ol' fist striking, or a great boxing shot, you know: NOW THE GLOVES COME OFF!
 
Posted by cruz on :
 
i put sell order in at 3.00
 
Posted by glassman on :
 
 -
 
Posted by BuyTex on :
 
attaboy, trader--round up ur pals and Whip em like cake frosting! go man go!
 
Posted by cruz on :
 
how about a simple email to the company saying F*** OFF!
 
Posted by Raptorsrule on :
 
Regarding their PR.....I wonder if they'd like a little

 -

with their WHINE.....MUHAHAHAHAH
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
 -

that's it, (will the pix carry over in a quote)


GLOVES? WE GOTCHYUR GLOVES!
 
Posted by BuyTex on :
 
how do you do that, html, link, whuuuut? thas cool...
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
how about a simple email to the company saying F*** OFF!

do watchyu think they're due, man--volume is the key to responses to the company.

measured, sober, disappointed, even alarmed but not rude investor is the route with SEC and other reg agencies. They need trail from public to show they're doing their job, which is PROTECT THE INDIVIDUAL INVESTOR
 
Posted by cruz on :
 
i wouldn't do that buytex. i just had to vent. i just can't believe they think we would just sit back and do what they say.
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
how do you do that, html, link, whuuuut? thas cool...

i have a teenager that's smarter than me (that is normal: teenagers know everything don't they?)...every once in awhile she deigns to educate me about these things a little.....it's very coplicated code [Big Grin] ...
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
how do you do that, html, link, whuuuut? thas cool...

i have a teenager that's smarter than me (that is normal: teenagers know everything don't they?)...every once in awhile she deigns to educate me about these things a little.....it's very coplicated code [Big Grin] ...
well, then you're official Icon Man, lol, that was a good one. ha, gloves off, mofo! and yeah, teens--I get my son to tape "24" go, Jack!
 
Posted by <RebelYell> on :
 
After the run Friday, I'm sure this showed up on a lot of screens this weekend. [Big Grin]

All jokes aside, be careful about selling this until your broker assures you that you have the shares to sell. Check with them to make SURE even if they are showing in your account.

Their A/S don't begin to touch the quantity needed to settle the split on the shares sold last week. Ergo if they can't settle, we really don't have the shares to sell. As I mentioned earlier, I know that the shares won't be available for me to trade until they are received by Scottrade.

That PR was a joke, though it does appear they finally decided that they could be in deep ****.

Still think that tomorrow might be a buying opportunity, if dumping starts. [Wink] Just have to play it by ear when and if it trades tomorrow. JMHO
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
i wouldn't do that buytex. i just had to vent. i just can't believe they think we would just sit back and do what they say.

with you, man, that's the way it is with bullies and crooks. They can never believe, first, they're caught, second, somebody might possibly pin *them* in a corner...
 
Posted by BuyTex on :
 
rebel, unlike other unregs that post all over our board from time to time--including unknown trolls and nefarious criminals---you seem pretty reasoned and knowleageable. What's holding you back from registering? just wondering...
 
Posted by cruz on :
 
ameritrade gave me my 350 million

quote:
Originally posted by <RebelYell>:
After the run Friday, I'm sure this showed up on a lot of screens this weekend. [Big Grin]

All jokes aside, be careful about selling this until your broker assures you that you have the shares to sell. Check with them to make SURE even if they are showing in your account.

Their A/S don't begin to touch the quantity needed to settle the split on the shares sold last week. Ergo if they can't settle, we really don't have the shares to sell. As I mentioned earlier, I know that the shares won't be available for me to trade until they are received by Scottrade.

That PR was a joke, though it does appear they finally decided that they could be in deep ****.

Still think that tomorrow might be a buying opportunity, if dumping starts. [Wink] Just have to play it by ear when and if it trades tomorrow. JMHO


 
Posted by BuyTex on :
 
cruz, ameritrade delivered early. Scottrade won't deliver till green light from DTCC. Master Keith advised earlier, don't do anything with any sales cash from tomorrow until Wednesday, unless you can cover a reversed trade. just to be safe...
 
Posted by <RebelYell> on :
 
I have been registered here. [Smile] I have also been banned from here. Something about questioning a pumper.
 
Posted by Raptorsrule on :
 
I'm just glad I use Ameritrade.....at least I was a billionaire for the wekend...LOL

Glass...your mailbox is full....
 
Posted by glassman on :
 
quote:
Originally posted by <RebelYell>:
I have been registered here. [Smile] I have also been banned from here. Something about questioning a pumper.

LOL, there's no pumpers here [Big Grin]
 
Posted by glassman on :
 
quote:
Originally posted by Raptorsrule:
I'm just glad I use Ameritrade.....at least I was a billionaire for the wekend...LOL

Glass...your mailbox is full....

already fixed it...

sheesh i think i'm doing more PM than posts...i wan credit for them too darnit... [Roll Eyes]
 
Posted by glassman on :
 
quote:
Originally posted by <RebelYell>:
I have been registered here. [Smile] I have also been banned from here. Something about questioning a pumper.

i think Bob is forgiving...depending on what you did? you may find he only blocked you from re-registering temporarily.....i've seen some pretty bad behaviour by people who were let back on....
 
Posted by <RebelYell> on :
 
quote:
LOL, there's no pumpers here
Maybe that was my problem. I just "thought" MOMO was a pumper. [Big Grin]
 
Posted by BuyTex on :
 
quote:
Originally posted by <RebelYell>:
quote:
LOL, there's no pumpers here
Maybe that was my problem. I just "thought" MOMO was a pumper. [Big Grin]
you won't have a problem busting MOMO, that boomerang-pest, just keep it offa his level. see the bottomfeeders thingee, I just busted him again.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i used the 3/4 number because i ASSUME a lot of the trades were one-way.... MM to retail buyer

now, if they are claiming that the MM's buying from the co shows up there too????

then this PR was a bold-faced LIE because there is no way the post RS volume shows 3 million shares..
micrcptrde resets its daily volume figures post RS...which is good, because it gives us a better look at how the RS is being DUMPED on...mcrcptrd is a very good tool......

It wasnt a lie- LOL they need to investigate all 3 shareholders LOL
 
Posted by BuyTex on :
 
* hive-mind rests, calculates measured response *
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
OMG...Glass....that is hilarious.....You ever ice fished???...pretty fun if you have some good scotch.....

I spent years Ice drinkin we called it passed out by afternoon...
 
Posted by glassman on :
 
quote:
Originally posted by <RebelYell>:
quote:
LOL, there's no pumpers here
Maybe that was my problem. I just "thought" MOMO was a pumper. [Big Grin]
with a sense of humour like that Bob has to let you back in...LOL

momo was a joke....
 
Posted by BuyTex on :
 
gawd, keith, we been hittin the send button within miliseconds of each other all afternoon...what a Sunday. Once again--great find!
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
cruz, ameritrade delivered early. Scottrade won't deliver till green light from DTCC. Master Keith advised earlier, don't do anything with any sales cash from tomorrow until Wednesday, unless you can cover a reversed trade. just to be safe...

ITS NOT EARLY, AMTD delivers after the ex-date cuz you rightfully own.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
gawd, keith, we been hittin the send button within miliseconds of each other all afternoon...what a Sunday. Once again--great find!

Thanks, I hope we all make FAT BANK, we'll find out tomorrow.
 
Posted by cruz on :
 
i did put a sell order in for 3. i doubt it will take but i want them to see it. i anticipate waiting til wed. thanks.

quote:
Originally posted by BuyTex:
cruz, ameritrade delivered early. Scottrade won't deliver till green light from DTCC. Master Keith advised earlier, don't do anything with any sales cash from tomorrow until Wednesday, unless you can cover a reversed trade. just to be safe...


 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
cruz, ameritrade delivered early. Scottrade won't deliver till green light from DTCC. Master Keith advised earlier, don't do anything with any sales cash from tomorrow until Wednesday, unless you can cover a reversed trade. just to be safe...

ITS NOT EARLY, AMTD delivers after the ex-date cuz you rightfully own.
stand corrected, using language my broker used, Scottrade, who as we all know din even know about the split--or claims not to....
 
Posted by keithsan on :
 
JUST got home from CT. glass...

anyways good luck all in am, gonna watch some crap with wife now.

AGAIN, don't trade in first 40 mins tomorrow, let the rookies and the mm's clear out first.
 
Posted by keithsan on :
 
LOL everyone's mailbox is full and no one pm's me,

keith begins to weep.

sorry i'm such a prick at times [Big Grin]
 
Posted by cruz on :
 
my mailbox is not full [Frown]
 
Posted by Raptorsrule on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Raptorsrule:
OMG...Glass....that is hilarious.....You ever ice fished???...pretty fun if you have some good scotch.....

I spent years Ice drinkin we called it passed out by afternoon...
Yep.....I see you've been there done that...LOL

still fun though...
 
Posted by BuyTex on :
 
watch what you wish for, sensei
 
Posted by Raptorsrule on :
 
quote:
Originally posted by BuyTex:
glassman, find us a picture of a big ol' fist striking, or a great boxing shot, you know: NOW THE GLOVES COME OFF!

Glass...thought I would help out here...LOL

 -
 
Posted by BuyTex on :
 
oooooooooooyeahhhhhhh, go Raptor! There's our T-shirt!
 
Posted by glassman on :
 
i like raptors better [Big Grin]

looks enough like Wall ST in the background....
 
Posted by elitedb on :
 
Well I have been gone all day and just finished catching up. It appears that the TA was to blame if they were properly "warned" of the pending screwup. All transfer agents maintain liability insurance as a necessary evil to doing business.

The assets of the agency themselves are also available in the event of liability. It is extremely unlikely that the policy and of course the important part, the policy limits, are public record. Insurance companies guard the policy limits like state secrets unless they realize the limits are blown and then they offer the policy limit immediately in an effort to avoid the resulting litigation expense which they generally bear beyond the policy limits.

The press release concerning halting trading is NOT valid and arguably is a violation outside the safe harbor protection. I am attempting to run down the applicable rules and regs for a company to pull its share from trading. However I am sure that without jumping through the proper hoops the company trades unless stopped by the SEC or the exchange.

I refuse to change my order to Ameritrade to sell all my shares at $5.00. The longer we hold out the more the smoke will clear and the better information we all will have to make a decision. But, as long as my order to sell is in they cannot loan my shares.
 
Posted by BuyTex on :
 
yeah, is cool--but you hit quick, counts for deadline, lol...
 
Posted by elitedb on :
 
Raptor, the photo is great. I should have my graphic artist wife put the hammering fist in front of Wall Street for real or at least the NYSE building. Do you have a link for a high resolution image she could work on.
 
Posted by pcloadletter on :
 
So, should we sell before Wednesday?

Or wait until the 25th date?
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
So, should we sell before Wednesday?

Or wait until the 25th date?

if I get it right, be alert for anything, but don't make rash decisions, especially early. Obviously if sumpin crazy's going up like the eod Fri when glassy popped em 2.5 over ASK, HIT IT, but not with 47 trillion shares---we want to walk this up. Potentially, we ARE the MMs on this deal, well, you get my point. AND don't take a cash position on anything you can't undo in a rewind...Glasss, vets...accurate? the first 40 minutes-1 hr could be very tricky to all but the best, if I'm understanding what the vets are saying? Weigh in, anybody?
 
Posted by glassman on :
 
we have no choice but to play it as it lies...

i don't have my dividend from scotrade.....
so i'll be able to watch and hopefully learn what their intentions are without getting too excited...

when they took my sell order? i wasn't surpised, but i wasn't that happy either...it just told me that they want the shares BACK....

i doubt that any trades after 1330 on FRI were sells by the MM's but i don't know that....
 
Posted by Raptorsrule on :
 
elite....just google Joe Louis fist...

For those of you who don't know...the statue is of Joe Louis' Fist...in front of Joe Louis arena in the motor city...

Although a Texan...(ahhh...God's country... [Smile] ) My company is located in MI....good peeps up there aye...
 
Posted by BuyTex on :
 
we (scottraders) MAY have our divvies by the bell. NAS pushed Scott at corporate to call me, and I pushed him to have instructions in place when branch offices arrive...wherever...1 hour before the bell, no matter where they are...to have instructions on their desk...so whatever they get from DTCC at that time...
 
Posted by glassman on :
 
thanx again tex.....
 
Posted by elitedb on :
 
Raptor, Thanks, I will have her put something together tommorrow.

Has anybody ever figured out the real reason for the Ameritrade personal calls regarding this split?
 
Posted by Raptorsrule on :
 
Sorry....but I gotta do this again...too funny...

Hey GVRP...:

 -
 
Posted by bdgee on :
 
Just in case you are out of touch:

97 at the airport today.....101 on the thermometer outside the house.

The bluebonnets were late this year.....still good patches along some of the roads.

The republicans in the "Ledge" voted down a bill to name a bypass around Austin after Willie Nelson because he's not a friend to their ways.

So I'm told, once again a Rep from Brazos County tried to get a bill through the "Ledge"to change the name of College Station, since there is no longer a railroad station there and "it is wrong to imply a falshood in the name of a town"..... Once again it failed to pass, since the name also implies there is an institution of higher learning there and that is even more in quetion.
 
Posted by Raptorsrule on :
 
bdgee...I am a full time resident of Azle Tx....My company is located in MI....thank God..I'm not...LOL

Hot as hades here today...spent all day sittin' by the pool drinkin' margaritas... [Smile]
 
Posted by BuyTex on :
 
watch the salt, Raptor---ahhh, a margarita and a senorita, don get any better than that---Bdgee, wassup, neighbor?
 
Posted by bdgee on :
 
Azle is but a hop, skip, and jump away from here. Where'd you say that pitcher of margaritas is?
 
Posted by bdgee on :
 
Hi, BuyTex. I didn't spend the day with the margaritas. Sipped a cool one in the airconditioning and watched the Longhorns destroy the poooooooooor aggggggiiiieeeesss then the Rangers out do Astros in a really good pitching duel. Gonna try and make it to the The Ballpark in Arlington (Ameriquest my bum!) again Thursday. Nothing like a cool breeze up high in a real live ball park to make a body understand life's pleasures and bring on a feeling of patriotism (even if half the players come from strange other lands now-a-days).
 
Posted by Raptorsrule on :
 
The pitcher is...er...uh...was about 3 miles off of 730.....

LOL
 
Posted by bdgee on :
 
Next time, send directions "before" it's empty.

This is the only warning you will get!!!
 
Posted by BuyTex on :
 
I *gotcha* yur pitcher...bdgee, glad you're happy w the Strangers--I'm still sick about the Mavs...wah
 
Posted by bdgee on :
 
Mavs? What is this Mavs?
 
Posted by BuyTex on :
 
Steve Nash victim, you........why, I oughtaaaaa.....
 
Posted by bdgee on :
 
Nash? That the guy they made that Perfect Mind movie about?

Hey, do you suppose that now that J. Jones about to have Arlington Cowboys, maybe some one will get things going and get us a basketball team too. I'd like that.
 
Posted by BuyTex on :
 
basketball???!!!you BASHER, lol, we NEED a real BASEBALL team....

but, seriously, let's start a thread for this local chit--this one is for Keith's play of the century--if we start doing local, thread-members will have to wade through too much when they back, which will be an history-mark, imho
 
Posted by bdgee on :
 
Yep, that's a wise idea. I sure wish I had understood what was going down when he first pointed it out.
 
Posted by keithsan on :
 
THIS thread is a nightmare,

anyways, if company needs to buy up shares, it needs a seller.....

we predict the price, we predicted the screw up....

gooooooooooooooooooooooodl luck in th AAAAAM!!!!!
 
Posted by Ktrain420 on :
 
WHERE'S ALL THE WINDOW LICKER'S KEITH??????

HAVE YOU SEEN MY BASEBALL?????? [Roll Eyes]
 
Posted by BuyTex on :
 
quote:
Originally posted by Ktrain420:
WHERE'S ALL THE WINDOW LICKER'S KEITH??????

HAVE YOU SEEN MY BASEBALL?????? [Roll Eyes]

watchu saying? Glass is the one who K'd em 2.5 over the ASK!!!!
 
Posted by Ktrain420 on :
 
JUST ASKING WHERE THE WINDOW LICKER'S ARE?????

I NEED MY BASEBALL TO PLAY WHIFFLE-BALL????
 
Posted by BuyTex on :
 
Booooooyuuuoooootch-ya caint spect us to do all the work on the play of HISTORY and not get busted?!!!!!???%&&&1(*&
 
Posted by Ktrain420 on :
 
you lost me TEX>>>>>>????
 
Posted by BuyTex on :
 
playing, man, les get drew--but really this thread is HOT for manyannnnnaa!
 
Posted by BuyTex on :
 
quote:
Originally posted by elitedb:
Well I have been gone all day and just finished catching up. It appears that the TA was to blame if they were properly "warned" of the pending screwup. All transfer agents maintain liability insurance as a necessary evil to doing business.

The assets of the agency themselves are also available in the event of liability. It is extremely unlikely that the policy and of course the important part, the policy limits, are public record. Insurance companies guard the policy limits like state secrets unless they realize the limits are blown and then they offer the policy limit immediately in an effort to avoid the resulting litigation expense which they generally bear beyond the policy limits.

The press release concerning halting trading is NOT valid and arguably is a violation outside the safe harbor protection. I am attempting to run down the applicable rules and regs for a company to pull its share from trading. However I am sure that without jumping through the proper hoops the company trades unless stopped by the SEC or the exchange.

I refuse to change my order to Ameritrade to sell all my shares at $5.00. The longer we hold out the more the smoke will clear and the better information we all will have to make a decision. But, as long as my order to sell is in they cannot loan my shares.

*bump - bump - bump*

bump de da bump bump

keep bumpin till you're pretty sure you got sumpin better to say

Historic day

-------------
 
Posted by DirtyDealer1123 on :
 
Does anyone know when E-trade is going to issue the split shares. I bought on thursday, at $1.51. I am supposed to recive them aren't I?
 
Posted by DirtyDealer1123 on :
 
sorry, reread the thread, and found my answer, I think. In 39 pages, it is easy to overlook things. It boggles my mind, the amount of time that some of ya'll have put into this. TY TY TY!! If this pans out, I might have to start a fan club for a few of you. PG, I wont have to for you, seems as if there is already one. Think I will hold this lotto ticket till it pays my sons college, or I loose a c-note. But I have to say this has been more fun than holding four of a kind, and being bet into.
 
Posted by keithsan on :
 
quote:
Originally posted by Ktrain420:
JUST ASKING WHERE THE WINDOW LICKER'S ARE?????

I NEED MY BASEBALL TO PLAY WHIFFLE-BALL????

they're on the short bus, and they better stay quiet for this....
 
Posted by keithsan on :
 
ITS MONDAY WEEEEEEEEEEEEEEEEEEEEEEEEEEE
 
Posted by dishgal1 on :
 
Good Morning....up early, couldn't wait for the light show....LOL
 
Posted by BuyTex on :
 
any news? a few posts before heading to the jobsite...
 
Posted by dishgal1 on :
 
I am still a billionaire according to Ameritrade. LOL
 
Posted by dishgal1 on :
 
The last sale on GVRP was 7.95 notice your ticker, however last sale before the bell was 6.50...I noticed this on Fri.
 
Posted by dishgal1 on :
 
When are we supposed to get a new ticker symbol and cusip number?
 
Posted by BuyTex on :
 
How was OK, dish?
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
When are we supposed to get a new ticker symbol and cusip number?

didn know to expect changed ticker...cusip change, maybe...do they normally change with splits? I'd have to check my UNQT stuff, that's the only other split I've ever done...
 
Posted by SHARK357 on :
 
My scottrade acct. doesn't show the r/s and the pps has change to 0.0000021.
 
Posted by dishgal1 on :
 
Tex, not sure on the ticker change.....everything has been so haphazard with this deal, who knows? I assumed they might change, pure speculation on my part.

Ameritrade still hasn't updated pps
 
Posted by BuyTex on :
 
f/s, they won't show up till DTCC gives the greeen light. All Scotttrade offices will have instructions waiting for them when managers arrive, in about 30 minutes. They open about an hour before the bell. But if DTCC hasn't released, won't get em...The company threw out a desperation PR yesterday via business wire. You can see it earlier in the thread...
 
Posted by BuyTex on :
 
ok, out for a job--following by phone...sis boom, etc...good luck, all
 
Posted by glassman on :
 
interesting....scotrade has toggled my account value around while i've been watching them..they don't seem to know what to do...
i don't have my dividend...

the PPS is down to .000002 so the split is has to hold, they can't have both LOL...

next is getting my shares.......
 
Posted by Purl Gurl on :
 
Friday the Thirteenth Magic.
Full Moon Magic this morning.

Tick Tock.. Tick Tock.. Tick Tock..
 
Posted by Purl Gurl on :
 
"it appears that an unknown number of those shares
have been improperly traded in the marketplace
throughout the last few days."

It appears shares will be improperly traded for
the next few days!

We are improper traders. I like that.
 
Posted by keithsan on :
 
i got a bid of 5.00 on alphatrade.
 
Posted by cruz on :
 
if the ticker symbol changes, you will notice it immediately in ameritrade.

quote:
Originally posted by dishgal1:
When are we supposed to get a new ticker symbol and cusip number?


 
Posted by cruz on :
 
same here keithsan - that's elite's bid. why doesn't my 3.00 show?

quote:
Originally posted by keithsan:
i got a bid of 5.00 on alphatrade.


 
Posted by cruz on :
 
keithsan - are syaing we should wait til wed to trade. to make sure our shares clear? if my sell goes thru at 3 - i don't want to be stuck with a the liability LOL
 
Posted by cruz on :
 
b/a 4.50/8.50 - obviously not post split adjusted
 
Posted by glassman on :
 
if they can trade MSEP. and SMTR and others while they are on the SHO list? they can trade this too...

anybody got the number to MSNBC's news desk?
 
Posted by glassman on :
 
quote:
Originally posted by cruz:
b/a 4.50/8.50 - obviously not post split adjusted

scotader shows the adjustments
we are sitting at 0 bid 0 ask which effectively halts ONLINE the trading here....
looks like my branch manager is gonna be unhappy when he gets to work LOL
 
Posted by cruz on :
 
FYI - the b/a is coming from alphatrade. ameritrade hasn't adj my billionare value yet LOL
 
Posted by Purl Gurl on :
 
Any bets on the per share price for the first
trade of this market day? .0001
 
Posted by dishgal1 on :
 
MSNBC Keith Olberman, he loves this kind of thing.....email him.....GLASS....

http://www.msnbc.msn.com/id/7873141/#050520a
 
Posted by dishgal1 on :
 
Purl, I think it will be .0001.......I don't think they show any less than that on our streamer. God forbid anyone does a market order, they are giving them away then.
 
Posted by Purl Gurl on :
 
No doubt there are some GVRP executives suffering
anxiety constipation this full moon morning.
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
MSNBC Keith Olberman, he loves this kind of thing.....email him.....GLASS....

http://www.msnbc.msn.com/id/7873141/#050520a

i see you like to stir up a little trouble too..

i'm not ready to yell yet....

the next guy (at HQ) i talked to? he confirmed that i have a good split, and he won't tell me why i don't have shares tho....

[Big Grin]
 
Posted by Purl Gurl on :
 
IH board,

Posted by: Sir Cruz
In reply to: stock_rancher who wrote msg# 49117
Date:5/23/2005 8:54:25 AM

Scottrade said that they have spoken with DTC and
that the shares have not been received yet. Other
brokerage's may post the split as a courtesy to their
share holders but that DTC hasn't received any shares
as of today. They will be posted into our accounts
once they receive conformation from DTC...That is to
protect them and to protect their client's.
 
Posted by dishgal1 on :
 
i see you like to stir up a little trouble too..

You know what, these little companies do this to investors all the time, and yes I would love to see these people get what they deserve for a change. This kind of crap should be illegal. When I started online investing for fun 3 years ago, BOY was I naive!.......too much trust on my part.......thank God for woman's intuition...probably saved me more than a few times. LOL That is why I find it hard to trust people on boards and why I love it here....You are not getting your chain yanked all the time. Just good honest investors here and oh by the way, THANKS KEITH......you picked a super one here. This has been a ball regardless of the outcome.
 
Posted by <RebelYell> on :
 
Bid .0001. [Smile]
 
Posted by glassman on :
 
yes, and they just posted a .0001 bid...let the fun begin...

i think scotrade is caught beteen the hammer and the anvil...i will probably have serious damages today....
 
Posted by Purl Gurl on :
 
"You are not getting your chain yanked all the time."

No chain yankers around here.
 
Posted by glassman on :
 
there's the trade last .001 [Big Grin]
 
Posted by DENSKIJR on :
 
Just got back from LA yesterday and a nice find you never know what 1.9 Billion will do for your Ha. I'm telling you this have been my most fun investment ever I believe. keith you da man best $165.00 of intertainment I'v spent in awhile. Ameritrade does show my 300,000,000 shares so let the fun begin. May you all have a very blessed day for I surly will =-)
 
Posted by keithsan on :
 
.005 x .001 LOL yeeeeeeeeehhhhhhhaaaawwww
 
Posted by pcloadletter on :
 
Not fair! My account won't recieve the shares until they clear the agent and bid is already down!
 
Posted by DENSKIJR on :
 
You know this is where even when you pay more for trades at Ameritrade it pays off. I think it was worth the $10.99 to actually recieve my shares. [Big Grin] "YA THINK"
 
Posted by elitedb on :
 
Just logged on to me Ameritrade. They have removed the billions by changing the value of GVRP to .21. Actually sixty million still looks good. LOL
 
Posted by Purl Gurl on :
 
I show a trade for 2000 at .001 per.
 
Posted by Purl Gurl on :
 
GVRP down 99.98% since Friday.
 
Posted by cruz on :
 
you got tobe selling elite [Smile] doesn't that 60 mil look tempting. i have the same on my end
 
Posted by pcloadletter on :
 
3 minutes till open
 
Posted by Purl Gurl on :
 
Another trade 5000 at .001 per
 
Posted by Purl Gurl on :
 
5000 at .0001
 
Posted by dishgal1 on :
 
Cmon.....5000 @ .0001 .........they are tricking us.....that buy cost .50 Get real!
 
Posted by elitedb on :
 
cruz: I will take 60 million real dollars obviously, but they are not just going to hand us the money. Only with desperation will they pay. My sell order is $5.00 and I have no plans to change it, especially before wed.
 
Posted by George on :
 
a lot of trade given that they asked peopel not to trade in the PR...hahaha like anyone would listen to that.
 
Posted by George on :
 
my scottrade account shows my 50 shares as .01 cent value.....
 
Posted by pcloadletter on :
 
same for my wells fargo and tradingdirect
 
Posted by keithsan on :
 
LOL some jumpy seller this am.
 
Posted by George on :
 
I am pissed...I want my shares and my money...
 
Posted by dishgal1 on :
 
Now they are giving their shares away.
 
Posted by Purl Gurl on :
 
You watching a live feed? Just went totally crazy.
 
Posted by cruz on :
 
no bid whacking
 
Posted by George on :
 
someone dumped their shares...
 
Posted by dishgal1 on :
 
This could actually be good for the rest of us who are holding. If they want to eliminate those shares it is truly working. We may get a very good pps eventually.
 
Posted by Purl Gurl on :
 
For those without a live feed,

http://www.purlgurl.net/crazy.jpg
 
Posted by George on :
 
well the ask is at .50
 
Posted by dishgal1 on :
 
They tricked people into doing a market order. Those inexpensive trades going thru and then people get excited and push the market order button.....it worked ...........good for us I would say.
 
Posted by glassman on :
 
scotrade says i can buy more ....LOL

microcaptrade is only showing three trades but the volume is 776 million? and 250$
 
Posted by Purl Gurl on :
 
Yes, Dish, my presumption is those "zero" trades
are below .0001 which Etrade cannot quote.
 
Posted by cruz on :
 
i am holding... didn't sell a share
 
Posted by Purl Gurl on :
 
However, trading so far, all shares are short.
No settlement has come through from the DTCC,
as of earlier this morning.
 
Posted by glassman on :
 
yes, i think we have uncovered the NS of all time here....too bad we won't get rich trading it....
 
Posted by cruz on :
 
my feeling is to wait til wed
 
Posted by DENSKIJR on :
 
Thanks PG,

My streamer on ammeritrade only goes to .00 for bid and ask do you have an updated bid and ask

TIA

Dennis
 
Posted by trailster on :
 
I put in a small buy at 0002, filled at 0001
 
Posted by George on :
 
I put order in for 400k at .0002
 
Posted by DENSKIJR on :
 
Crap you know thinking about it $30,000.00 does sound tempting 300,000,000 times .0001. Hmmmmmm what to do??????
 
Posted by cruz on :
 
l2 b/a 0.005/0.0001
 
Posted by keithsan on :
 
LOL some idiots are dumping at market!

are you kidding the whole point is to make the company/TA/insurance companies/mm's buy them back!
 
Posted by Purl Gurl on :
 
DEN, frustrating, Etrade does not show any
market makers for the bid and ask.

Some brokers, I believe are showing them.
 
Posted by cruz on :
 
c'mon guys - hold them IMO
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
yes, i think we have uncovered the NS of all time here....too bad we won't get rich trading it....

nice find ehhh.... [Razz]

how about kinda rich?
 
Posted by Purl Gurl on :
 
Volume is currently more three times greater
than shares held by GVRP.
 
Posted by cruz on :
 
why not wait til wed or later in the week. i think we are gauranteed at least 0.0001 pps
 
Posted by Purl Gurl on :
 
Cruz, not selling here and I advised my friends
to not sell.
 
Posted by keithsan on :
 
more than that, since they sold the first 11, they should have no shares!
 
Posted by DirtyDealer1123 on :
 
Im on the phone w/Etrade finaly got thru to broker, anyone have any ?'s they would like me to ask?
 
Posted by Purl Gurl on :
 
Yes, true Keith!

They have no shares to sell, and now the short
is well over a hundred-million.

Thinking I need to release another pr in which
the company simply states, "GVRP is FUBAR."
 
Posted by dishgal1 on :
 
I'm holding.....for the BIG payoff...LOL
 
Posted by Purl Gurl on :
 
Yes, Dirty Dealer, tell them we want our split shares!
 
Posted by keithsan on :
 
starting to move up, sells now at .0001 instead of below, I'm holdng all for a few days at least
 
Posted by DirtyDealer1123 on :
 
PG thats why Ive been holding so long. Thinking of having my lil girl ask for me NOONE can deny her anything. lol
 
Posted by Purl Gurl on :
 
Dish, over the weekend our little group here
hammered out an agreement we would wait until
Thursday or Friday to sell, and only dump no
more than one-third of our shares.

We agreed to hold the other two-thirds on a bet
this Media Magic outfit will become a pump & dump
scam, driving prices above .0001 per.
 
Posted by cruz on :
 
was somebody able to sell at 0.01 today?
 
Posted by DENSKIJR on :
 
This is the Crap that gets me someone bought 85000 shares at .0001 thats $8.50 for those shares who in the heck would spend that kind of money. I would say the minipulation has begun but I think its been around awhile. Ha
 
Posted by glassman on :
 
quote:
Originally posted by DENSKIJR:
This is the Crap that gets me someone bought 85000 shares at .0001 thats $8.50 for those shares who in the heck would spend that kind of money. I would say the minipulation has begun but I think its been around awhile. Ha

no, that's someone trying to get it out of the cellar....
 
Posted by dishgal1 on :
 
DENS........like I said earlier....one of those trades cost a total of fifty cents + trade fees. They were trying to trick people into doing market orders and it worked. I'll bet there are some pretty shocked sellers out there. LOL

PURL..........I know, we are going to be sitting pretty. Let the others dump, it works in our favor.
 
Posted by Purl Gurl on :
 
I am estimating the public short float is between
five to seven-trillion shares. There is not a
chance GVRP can buy those back anytime soon,
much less afford to buy all those shares.

Some have indicated they plan to buy shares to
drive prices up.

My guess is GVRP is not buying shares back but
rather betting on the SEC to halt trading and
allow them to weasel out of this.
 
Posted by Purl Gurl on :
 
With over a hundred-million shares traded, by now
I am sure GVRP anxiety constipation has become
anxiety attack explosive diarrhea.
 
Posted by dishgal1 on :
 
I don't think SEC will halt trading. I think that would have already happened.

Here's a thought....since they didn't have shares to be trading.........like PURL said earlier, if we sell before ACTUAL shares are in our account, we could be guilty of the same thing....am I correct? That possibly could be used against us at a later time.

I'm with Keith, holding until at least Wed.
Think we will be rewarded. JMO........everyone has one. LOL
 
Posted by DENSKIJR on :
 
dish,

How could I be guilty of trading shares that are posted in my account. If Im guilty then ameritrade should have not shown those shares in my account how would I know that they don't have them.
 
Posted by cruz on :
 
i plan on holding til wed. but i don't want to risk a trading halt. what's the likelihood of that happening this week?
 
Posted by Purl Gurl on :
 
I agree, Dish. I don't "think" the SEC will halt
trading. To unwind all of this is extremely
complex. I also believe the SEC might be sensitive
with so many sending in complaints. My hope is
with so many complaints, the SEC is fearful of
causing harm to share holders.

If there is a trading halt, it would last for days
with so many trades made. It would take days to
fix this mess.

Only solution I see for GVRP is a reverse split,
followed by share registration.
 
Posted by cruz on :
 
L2 is not changing at all
 
Posted by cruz on :
 
they can't r/s if they don't have shares
 
Posted by Purl Gurl on :
 
Den and Dish, I agree. Risk of being liable for
short shares is a point I argued for holding
shares. In theory, the broker who sold us shares
is responsible to deliver.

However, some brokers including Etrade, are trying
to pass liability to the customer by forcing phone
orders only, after a customer acknowleges there
is liability attached. I am sure they are recording
those calls to cover their butts.

Yes, I agree, too much risk and there is potential
for better prices later on.
 
Posted by Purl Gurl on :
 
Trading is slowing down. The rush might be over.
 
Posted by DirtyDealer1123 on :
 
Ok Etrade had less info, than Purl (go figure) I even tried to have my lil girl ask for my shares. But they will accept trades, but only via phone, and alot of waiting.
 
Posted by Purl Gurl on :
 
Cruz, this is just a big mess.

Technically, GVRP no longer owns itself and
has no voting power.

Yes, they have no shares.

Yes, the entire float is short.

Yes, they are flushing their toilets frequently.
 
Posted by glassman on :
 
like i said before the SHO list is proof that this isn't an isolated incident......
these guys act like they are not complicit...
they are....

and i told my branch manager that in so many words, and yes they are recording....

i also told him that President Bush wants to privatiZe SS in this market LOL.....
 
Posted by Purl Gurl on :
 
It is worth my $250 to make some Wall Street
boys sh*t their pants.
 
Posted by cruz on :
 
i see some orders filled at 0.01. is that correct?
 
Posted by Purl Gurl on :
 
Cruz, I watched a few go through at .01 per.

My bet is those are share holders trying to
manipulate prices, but they are too optimistic.
 
Posted by Purl Gurl on :
 
Readers, do not forget to watch your other stocks
and do not forget to make your planned trades.

Do not become so wrapped up in this you forget
to work at making money!
 
Posted by Purl Gurl on :
 
There is a hint trading has been halted.
 
Posted by glassman on :
 
it's hard, but i am....
 
Posted by Purl Gurl on :
 
HOM will report a record revenue quarter after market.

IESV is at .078 per a very good price.

Sell CNR.

IVAN is preparing to run. In last week at 2.02 per.
 
Posted by cruz on :
 
lets take a break - gtel moved to amex officially
 
Posted by glassman on :
 
no trading halt...there goes another couple hundred million
 
Posted by Purl Gurl on :
 
Live feed, 10:32 massive buying at .0001 per,
90 million volume trades, volume over two-billion.
 
Posted by Purl Gurl on :
 
Those trades might be GVRP buying back at .0001 per.

That is good news for us, if they do not R/S
in the near future.
 
Posted by cruz on :
 
PG - give me something i own. [Smile]
 
Posted by cruz on :
 
we have time to sell if a r/s is planned besides it would take a week at least to start the process
 
Posted by cruz on :
 
another 60 mil
 
Posted by glassman on :
 
if they R/S and scotrade didn't let me trade? big trouble...
 
Posted by Purl Gurl on :
 
Rumors Etrade is not allowing buys nor sells.
 
Posted by cruz on :
 
what do you guys think about doing a sell of 50 mil at 0.005
 
Posted by George on :
 
I bought 400k at .0002

anyone talk to scottrade yet today? when will we get our shares?
 
Posted by glassman on :
 
i'm working my way up the chain of command at Scotrade.

now that 2 billion shares have traded? they got some 'splainin' to do [Big Grin]
 
Posted by Purl Gurl on :
 
On phone with Etrade
 
Posted by George on :
 
quote:
Originally posted by glassman:
i'm working my way up the chain of command at Scotrade.

now that 2 billion shares have traded? they got some 'splainin' to do [Big Grin]

Thanks Glass, keep me updated. i am not able to watch the screen today.
 
Posted by cruz on :
 
they can't r/s that quick glass. can they?
 
Posted by cruz on :
 
i am lookin to buy a mil
 
Posted by maumee river rat on :
 
just picked up 500k @ .0001
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
I bought 400k at .0002

anyone talk to scottrade yet today? when will we get our shares?

just got here.

yes, George, same wait and see story. DTCC...etc bzzzzzzzzzz. said I could trade my shares and if they the divvies, they'll honor the price I would be due. Think not. Afraid I sell my rights with pre-split shares...
 
Posted by cruz on :
 
4 billion in volume!
 
Posted by glassman on :
 
quote:
Originally posted by cruz:
they can't r/s that quick glass. can they?

no they can't...
esp since we own the company...LOL
 
Posted by George on :
 
quote:
Originally posted by cruz:
4 billion in volume!

anyone got any idea how many are out there based onhow many sold last week.
 
Posted by cruz on :
 
4 bil is a far cry from trillions out there. gvrp has a long way to go yet
 
Posted by glassman on :
 
375,000 X 3,000,000..= 1.125x10 to the 12th
 
Posted by George on :
 
quote:
Originally posted by glassman:
375,000 X 3,000,000..= 1.125x10 to the 12th

So it is only a 112mil $ mistake?
 
Posted by keithsan on :
 
LOL this is to fun.
 
Posted by cruz on :
 
it's hard to resist the 35k sitting in my account and not selling. please hold me back guys.
 
Posted by glassman on :
 
1,125,000,000,000

1trill, 125 bill, but this is just a close aproximation of the actual shares sold into tthe market...
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
4 bil is a far cry from trillions out there. gvrp has a long way to go yet

I guess us Scottraders get todays buys...huh
 
Posted by cruz on :
 
they have a long way to go [Smile]

quote:
Originally posted by George:
quote:
Originally posted by glassman:
375,000 X 3,000,000..= 1.125x10 to the 12th

So it is only a 112mil $ mistake?

 
Posted by Purl Gurl on :
 
Etrade, paraphrased a lot but accurate

Kira: can I buy and sell GVRP
Etrade: no there is a trading halt
Kira: who issued the trading halt order
Etrade: I don't know
Kira: find out, it might not be legal
* on hold - elevator music *
Etrade: Corporate orders to not allow trades
Kira: is that based on a SEC order, is that lawful
Etrade: I don't know
Kira: find out
* on hold - elevator music
Etrade: GVRP advised us to not trade.
Corporate advised me you can trade if,
you accept one-hundred percent of responsibility
for damages, and you have $100,000 in account
equity to cover for damages
Kira: your trading halt ordered by GVRP, is that lawful
Etrade: I don't know
Kira: I think what you are doing might be illegal
Etrade: I don't know
Kira: Glenn, what is your name
Etrade: I don't know
Kira: Ok, I understand, thanks for your time
Etrade: Is there anything else I can help you with
Kira: Nope

bye bye!
 
Posted by glassman on :
 
i think i better call my favorite uncle Trent Lott... JK...
 
Posted by cruz on :
 
LOL

quote:
Originally posted by Purl Gurl:
Etrade, paraphrased a lot but accurate

Kira: can I buy and sell GVRP
Etrade: no there is a trading halt
Kira: who issued the trading halt order
Etrade: I don't know
Kira: find out, it might not be legal
* on hold - elevator music *
Etrade: Corporate orders to not allow trades
Kira: is that based on a SEC order, is that lawful
Etrade: I don't know
Kira: find out
* on hold - elevator music
Etrade: GVRP advised us to not trade.
Corporate advised me you can trade if,
you accept one-hundred percent of responsibility
for damages, and you have $100,000 in account
equity to cover for damages
Kira: your trading halt ordered by GVRP, is that lawful
Etrade: I don't know
Kira: I think what you are doing might be illegal
Etrade: I don't know
Kira: Glenn, what is your name
Etrade: I don't know
Kira: Ok, I understand, thanks for your time
Etrade: Is there anything else I can help you with
Kira: Nope

bye bye!


 
Posted by BuyTex on :
 
ooops, red at .00, has it been doing that?
 
Posted by glassman on :
 
some questions to ask your borker....

why is this particualr stock being selected out for special treatment....most of my dividends are automatic.........
 
Posted by cruz on :
 
a long way to go... a looooong waaaay toooo goooo!

quote:
Originally posted by glassman:
1,125,000,000,000

1trill, 125 bill, but this is just a close aproximation of the actual shares sold into tthe market...


 
Posted by BuyTex on :
 
y'all seeing any buys go through?
 
Posted by George on :
 
did it halt? no trades in 3 minutes...
 
Posted by cruz on :
 
looks like it halted - volume has not changed
 
Posted by BuyTex on :
 
nothing on businesswire...
 
Posted by cruz on :
 
what do we do now? it has been halted.
 
Posted by BuyTex on :
 
which MMs have been buying?
 
Posted by George on :
 
by the way I put my 400k buy in at .0002 and it went at .0001
 
Posted by George on :
 
I probally would of dumped if my shares were in.
 
Posted by Raptorsrule on :
 
5 mill just went through at 11:17

Not halted....
 
Posted by Purl Gurl on :
 
RUMOR ONLY regarding GVRP transfer agent (T/A)
from IH board,

Posted by: Wayne R
In reply to: Dr Worm who wrote msg# 49564
Date:5/23/2005 11:14:07 AM
Post #of 49581

T/A update, company issued a gag order on them
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
RUMOR ONLY regarding GVRP transfer agent (T/A)
from IH board,

Posted by: Wayne R
In reply to: Dr Worm who wrote msg# 49564
Date:5/23/2005 11:14:07 AM
Post #of 49581

T/A update, company issued a gag order on them

GLUV gagged InterWest? 'zat what this is saying?
 
Posted by cruz on :
 
NITE is on the ask LAMP is on the bid
 
Posted by George on :
 
the T/A is probally screwed....
 
Posted by Purl Gurl on :
 
Keith, GVRP stated trading is to be halted,
would that be a "torturous interference" case
evidence by brokers making it impossible for
most to buy and sell?
 
Posted by glassman on :
 
scotrade branch manager says he will not transfer me to his boss.... refuses..
 
Posted by BuyTex on :
 
yup, LAMP that's one of the GLUV-connected MMs
 
Posted by cruz on :
 
a couple 20 mil went thru
 
Posted by George on :
 
It is still going
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
a couple 20 mil went thru

can you see a price? I'm still showing red .00--last sale at 09 minutes after the hour...maybe Scottrade quit feeding...?
 
Posted by George on :
 
scottrade is showing .0001 and trades...are you using elite or the basic?
 
Posted by BuyTex on :
 
basic
 
Posted by George on :
 
there's the problem..elite shows it all.
 
Posted by George on :
 
FYI...GTE up 5% after the split....Go GTEL
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
basic

If you got 25 k in your account you can use elite...much better with L2's
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
there's the problem..elite shows it all.

well, it *was* showing...just suddenly quit at 11:09:23 (CST). can't figure why the feed would break...especially if Elite is still up....?
 
Posted by glassman on :
 
they are all worried now......

microcaptrade shows nothing after 9:40:02 and they are ususally reliable....
 
Posted by <d> on :
 
odd question - i'm using scottrade, i bought 280 shares yesterday when it was around $5.

today i log in and i have the same 280 shares but scottrade shows price at obviously 0.001.

what's up with that? why didn't it split in terms of quantity? - or is it a matter of update/refresh?

thanks.
 
Posted by glassman on :
 
quote:
Originally posted by <d>:
odd question - i'm using scottrade, i bought 280 shares yesterday when it was around $5.

today i log in and i have the same 280 shares but scottrade shows price at obviously 0.001.

what's up with that? why didn't it split in terms of quantity? - or is it a matter of update/refresh?

thanks.

call your broker and ask them, they have a song and dance routine for you...
 
Posted by Raptorsrule on :
 
No volume since 11:22....Glass I think you are right.....they must be worried...

We may get some answers shortly.....
 
Posted by JHenry on :
 
I spoke to my local Scottrade office. The first call at 9:30am they did not want to put in a sell order for me. At 11:30 they are telling me I can place a verbal sell order and they would put it through - althogh they could not guarentee it of coulse but they didn't give me any warning about trading the stock. I told them I would call them back. I have not sold anything yet. Do you still recommend holding everything or would you sell some. I was thinking about selling a small amout. Is that ok?
Thanks
 
Posted by Purl Gurl on :
 
(imported from elsewhere)

More Email To SEC

GVRP has effected a partial trading halt.
Some brokers are simply stating a trading
halt is in effect, and you won't be told
different unless you persist.

I believe this is "torturous interference"
on the part of GLUV coporation.

Consider contacting the SEC on this.

**
Subject: GVRP Unlawful Trading Halt
**

Best to you again,

I recently contacted you and expressed my
concerns about GLUV corporation, GVRP ticker,
and their attempt to halt trading their stock.

My concern is they intend to steal investors
money by halting trading now that they have
sold shares to us.

Today, my broker told me there is a trading halt
in effect and I cannot buy nor sell shares in
GVRP stock. Our family is vested in GVRP stock
and we cannot sell the stock. Our money is lost.

After persisting and questioning the legality,
I was advised I could sell if I accept full
responsibility for damages and post a damage
bond for $100,000 using our account equity.

My broker has effectively created a trading halt.
It is important, at first, they stated there is
a trading halt in effect. They made every effort
to convince me a legal trading halt is in effect.

My understanding is it is unlawful for a company
to declare a trading halt and effect that halt.
Additionally, I believe only your SEC can legally
declare a trading halt.

Would you cite for me a SEC regulation which allows
a company to effect a trading halt in lieu of SEC
permission to do so?

I am quite certain what you are allowing GLUV to
do is most unlawful.

What regulation allows a company to effect a
trading halt without SEC permission?

Thanks for your efforts,

Bozo the Clown
 
Posted by glassman on :
 
quote:
Originally posted by JHenry:
I spoke to my local Scottrade office. The first call at 9:30am they did not want to put in a sell order for me. At 11:30 they are telling me I can place a verbal sell order and they would put it through - althogh they could not guarentee it of coulse but they didn't give me any warning about trading the stock. I told them I would call them back. I have not sold anything yet. Do you still recommend holding everything or would you sell some. I was thinking about selling a small amout. Is that ok?
Thanks

you don't have your dividend at scotrade....if you sell? you are selling shares that you bought at pre-split prices for post split prices????
 
Posted by BuyTex on :
 
same story at i-hub, feeds going down; anybody seeing anything?
 
Posted by dishgal1 on :
 
I am showing multiple trades at 11:43
 
Posted by JHenry on :
 
That's what I asked Scottrade. The broker I spoke to said he would put in a post split trade. I was planning on selling 100,000,000 shares enev though I show 150. I will call to confirm.
 
Posted by glassman on :
 
they were rather rude with me...
LOL, i can't imagine why [Big Grin] [Big Grin]
 
Posted by JHenry on :
 
Scottrade said they would put in any sell I wanted. If I wanted to sell 500,000,000 shares then I could do that. The problem is if the trade goes through at .0001 and then it comes out the trade is no good I might be forced to buy back at say .0002 to cover which would be a 100% loss. That is what they just told me. What is your take on that Glassman.
Thanks
 
Posted by Raptorsrule on :
 
Just got off the phone with Ameritrade....I asked them why I had shares but folks at other brokerages don't...Her reply was we can't speak for other brokerages...she doen't have any idea why they wouldn't honor the split...I also asked if she had heard of this mess and she said no. I asked If I was free to trade my shares and she said yes....she gave me no warning whatsoever....

I will say she wasn't real friendly on the phone and they always are...LOL
 
Posted by Purl Gurl on :
 
JHenry, my sincere advice is to NOT sell.

Doubtful there will be a problem, but the
risk does exists. Consider holding for now
until all the dust settles.

My advice might be bad. You might lose money.
There are risks no matter what you do.

Nonetheless, your broker is passing the buck,
or trying to pass the buck to you. Be careful.
 
Posted by Purl Gurl on :
 
Posted by: janice shell
In reply to: TAKI who wrote msg# 49639
Date:5/23/2005 11:50:46 AM
Post #of 49667

LOLOL!! PurlGirl is quickly becoming GVRP's Abadgoodgirl.

A bad good girl. Shirley, Glassman will comment.
 
Posted by BuyTex on :
 
get this: Scottrade doesn't show my new r/s shares of GTE, either! same song n dance: "As soon as we get confirmation from DTCC." wassup w these guys?
 
Posted by keithsan on :
 
ahhhh, the lunch dip LOL hearing shares are at .000002 if you put in a market order.
 
Posted by BuyTex on :
 
mine's back up: sales at .0001, last sale o2 minutes after
 
Posted by <Trader88> on :
 
This volume is REALLY low. I know it looks high, lol, but it's not. I wonder how many people/brokers are just plain afraid to trade this?
 
Posted by BuyTex on :
 
i think two of em *have* to...lol
 
Posted by dishgal1 on :
 
JHENRY.........if you are not showing shares in your account I would not want to assume the responsibility they are trying to put on you. That is just my opinion however.

If they were showing in your account and you could freely trade it would be different. They are trying to pass the responsibility on to you which may or may not be a problem for you.

I think in your case, I would be looking to move to Ameritrade. LOL 10.99 flat rate trade....never had even a remote problem with them.
 
Posted by cruz on :
 
internet was down for me for about an hour. did i miss anything?
 
Posted by TampaInvester on :
 
For ameritrade users who has their shares, Has anyone tried to sell anything?
 
Posted by dishgal1 on :
 
Guys we missed a huge run on AMRE while we were watching this crazy company....I had it on my ticker right after I bought into NAUC.....got sidetracked......could have bought at .003 on Thursday. Today......20 cents........
PURL warned us to watch our other stocks....
Oh well, let's hope this one makes it worth our while.
 
Posted by glassman on :
 
it looks to me (from the elite quotes) like we have a buyback at .0001...

fair deal, as far as i'm concerned...i just don't have my shares to sell.....

hmmmmmmmmmmm.....
 
Posted by BuyTex on :
 
well, my scottrade feed came back, but showing only a $70 transaction at 02 minutes after the hour...
 
Posted by cruz on :
 
still holding - i have not sold one share yet [Smile] any change in game plans out there or are we still holding for wed.?

quote:
Originally posted by TampaInvester:
For ameritrade users who has their shares, Has anyone tried to sell anything?


 
Posted by BuyTex on :
 
nothing new been posted...scottraders still have no splits...
 
Posted by TampaInvester on :
 
quote:
Originally posted by cruz:
still holding - i have not sold one share yet [Smile] any change in game plans out there or are we still holding for wed.?

quote:
Originally posted by TampaInvester:
For ameritrade users who has their shares, Has anyone tried to sell anything?


but the question is it allowing you to sell if you want to?

I have scottrade and I do not see my shares
 
Posted by cruz on :
 
are you sure a buyback - should we sell?

quote:
Originally posted by glassman:
it looks to me (from the elite quotes) like we have a buyback at .0001...

fair deal, as far as i'm concerned...i just don't have my shares to sell.....

hmmmmmmmmmmm.....


 
Posted by dishgal1 on :
 
Tampainvestor.....good point.....I will try putting in a sell for 5 million at .0001 and see if it will let me.
 
Posted by glassman on :
 
cruz, i dunno, that's why said IT LOOKS LIKE...
i see no reason to rush esp. since i can only wait anyway [Big Grin]

i hate waiting LOL
 
Posted by BuyTex on :
 
broker told me--and others have echoed this--he'll take a phone order but I assume liability; so I sell (equivalent)5mm at .0001 then they never get em from DTCC, I'll have to buy 5mm to give Scott, by then they might be trading at .0002....who knows?
 
Posted by dishgal1 on :
 
Okay, it let me place the order....we will see what happens.
 
Posted by BuyTex on :
 
who was it had L2s on this?
 
Posted by <Trader88> on :
 
quote:
Originally posted by TampaInvester:
For ameritrade users who has their shares, Has anyone tried to sell anything?

I had a 12Mil sell for .0001, never got filled. I just changed it to a 9Mil order, haven't got filled and its been 15 min. I heard at IHUB board that someone got a 9Mil order filled at .0001, but may be just blowin smoke, who knows.
 
Posted by glassman on :
 
typical chicken or the egg deal...
 
Posted by JHenry on :
 
Purl,
Got in HOM - 1400 shares @ 1.39 @ 11:30am already creaping back up.
 
Posted by dishgal1 on :
 
No bites after 4 minutes....I cancelled my sell order for 5 million....I want all my shares intact.
 
Posted by TampaInvester on :
 
quote:
Originally posted by dishgal1:
Okay, it let me place the order....we will see what happens.

thanks dishgal, and also for ameritrade users if you guys sell now and for some reason split is cancelled then would you be forced to buy back the shares at ask price (0.0002)? This is what scottrade is letting you do over the phone
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
No bites after 4 minutes....I cancelled my sell order for 5 million....I want all my shares intact.

It appears to me that if they were buying back at .001, we would be seeing 99% more volume than what we are currently seeing. I think its BS. They are not taking any of my sell orders @ .0001. I have Ameritrade too.
 
Posted by glassman on :
 
maybe so.... but i show a lot of trades were executed
 
Posted by <Trader88> on :
 
quote:
Originally posted by <Trader88>:
quote:
Originally posted by dishgal1:
No bites after 4 minutes....I cancelled my sell order for 5 million....I want all my shares intact.

It appears to me that if they were buying back at .001, we would be seeing 99% more volume than what we are currently seeing. I think its BS. They are not taking any of my sell orders @ .0001. I have Ameritrade too.
I meant, if they were buying back at .0001. Jeez, all these zeros are confusing, that could be adding to the trading problems today, its a nightmare!!!
 
Posted by Purl Gurl on :
 
Over at the elitist IH board, I am coming across
many who are buying today, by the millions. Not
sure what is their logic.

However, they pay a handsome sum per quarter to
be members of an elitist board at the IH site.
Such a rare privilege to pay to post over there.

Certainly, being elitist, they know what they
are doing. No doubt, each own at least one
share of Berkshire Hathaway.

Perhaps we made a mistake buying pre-split rather
than buying post-split?

Nonetheless, those elitists are keeping share
price inflated, which is nice. Perhaps some of
us will sell to them later in the week.

abadgoodgirl
 
Posted by glassman on :
 
i guess that could be the 'missing" shares....
 
Posted by keithsan on :
 
the only sells I know of are going thru at. 00002 and buys at .0001
 
Posted by cruz on :
 
i don't think we are going to see higher than 0.0001 - AMRE amazing! who picked AMRE?
 
Posted by Purl Gurl on :
 
Trader, yes, I "think" these trades today, not
many of them are GVRP buying back. Again, I am
finding posts by many bragging about buying
millions of shares today.

If GVRP is buying back, they are not obtaining
many shares, compared to what they need to
cover their trillions in shorts.

abadgoodgirl
 
Posted by dishgal1 on :
 
Tampa..........I don't think I would assume any responsibility if I sold. Ameritrade has provided shares into my account. It would seem it would be up to them to be good for them....I am just a little trader who doesn't know squat. LOL....If they say they are there then I am all set as far as I'm concerned.
 
Posted by <Trader88> on :
 
quote:
Originally posted by glassman:
maybe so.... but i show a lot of trades were executed

We need to be careful. I believe what we are dealing with here COULD possibly be an orchestrated buyback. All I can say is that you can bet your last dollar the MM's working on this are the best in the biz. They certainly don't want to tip their hand if they are being told to buy back. Thats why they may be doing it in small batches, as to not attract attention. JMHO....Do your own DD, ROFL!!
 
Posted by dishgal1 on :
 
AMRE is the parent company of NAUC which I bought earlier in the week. I put AMRE on my radar to watch just in case it started to run.

Duh, got sidetracked with GVRP....@@##@##
Forgot about it and it was at a nickel on Fri. Thought there would be a selloff....well guess what ? No selloff...waiting for a buyin point.
 
Posted by Balder on :
 
'abadgoodgirl' conjurs up all sorts of nice imagery in my mind. [Wink]

Isn't today a BEAUTIFUL day?!?!?!

[Smile]

I know I sold out on friday and took my $50 (found out my trades went better than I thought, made $50 instead of $20), but I am living vicariously though all of you. I hope you all take the 'man' down! Teach them for playing these crooked games, make them feel the PAIN!!!
 
Posted by Purl Gurl on :
 
Agree Dish. If we sell, we are selling short and
our shares are already short. GVRP does not have
shares to cover shorts.

Risk is if we sell, we could be held responsible
for covering our short sells, and all that is
out there, are shorts! We would have to buy
shorts to cover our shorts, which would still
be short.

FUBAR!

agoodbadgirl
 
Posted by glassman on :
 
DTCC

DTCC is the parent company for the nation's principal clearing and settling firm, National Securities Clearing Corporation (NSCC) and the nation's principal securities depository, The Depository Trust Company (DTC). NSCC is registered with the SEC to record, clear, and settle equity, bond, money market, government, mortgage-backed, insurance, and other security transactions. NSCC's services are utilized by the country's major brokerage firms, the U.S. government, the New York Stock Exchange, NASDAQ, the American Stock Exchange, and other markets. DTC is the nation's principal securities depository. DTCC's subsidiaries are regulated by the SEC, which approves the rules under which they operate.

The Stock Borrow Program was established and approved by the SEC in 1981 to permit NSCC to borrow shares from its members and use the shares to fulfill delivery obligations where selling brokers had failed to deliver their shares. The Program, as the court found, "operates in a automated fashion without the exercise of discretion by NSCC as to whether any particular open transaction should be covered by [the Program]."

The Stock Borrow Program does not in any way release sellers from their legal obligations to complete deliveries. In addition to regulatory and enforcement action, those sellers remain subject to "buy-ins" by brokers from whom shares have been borrowed, as well as other brokers whose purchase orders remain open.

The SEC, the national exchanges and the Nasdaq regulate the activities of broker/dealers engaged in the purchase and sale of securities, including short selling.


http://www.dtcc.com/PressRoom/2005/nanopierce_dismissal.html
 
Posted by Purl Gurl on :
 
Balder, don't become too excited by your imagination.

My assigned "abadgoodgirl" nickname by the IH elitist
is a vile insult, a reflection of rather childish
behavior on their part.

I love being infamous just as I love being common
salt of the earth.

abadgoodgirl
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
the only sells I know of are going thru at. 00002 and buys at .0001

what's the size on those, keithsan?
 
Posted by <Trader88> on :
 
I am now attempting a sell @ .0001 for 5MM shares. I will post if I fill.
 
Posted by Purl Gurl on :
 
Tex, for the most part, trades are 500K to
one-million in size, and holding at .0001 per.
 
Posted by cruz on :
 
looks like trades going thru but volume not changing
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by keithsan:
the only sells I know of are going thru at. 00002 and buys at .0001

what's the size on those, keithsan?
I bought 400,000 at .0001 even though I put the order in at .0002...
 
Posted by Triumph1902 on :
 
my ameritrade L2 is showing 4,783,742,297 shares traded so far. last trade at .0001 Anyone else getting this number for volume?
 
Posted by BuyTex on :
 
well I guess I'm not getting a feed then; i still show 700,000 at 02 minutes after...
 
Posted by glassman on :
 
scotrader is hung at 2,476,578,933 last trade at 13:25 for .0001


bid .0001/ ask .0001
 
Posted by Purl Gurl on :
 
Cruz, my live feed has run out of room, in one
display, for total volume. I am also seeing
trades but no change in total volume.

Total: 2,859,472,3...

My display actually has those periods. Looks
the total volume has exceeded what some live
feeds can display.

abadgoodgirl
 
Posted by Purl Gurl on :
 
It is exceptionally clear traders are obeying
the GVRP order to not trade.
 
Posted by BuyTex on :
 
yeah, and my total is 2,454,779,635...weird but then I have no idea how scottrade's network is distributed...
 
Posted by BuyTex on :
 
din somebody show LAMP on bid earlier?
 
Posted by cruz on :
 
i show 4,294,893,000
 
Posted by Raptorsrule on :
 
My Ameritrade streamer shows 4,783,742,291

last trade at 13:25:50 for 299,300 @.0001
 
Posted by <Trader88> on :
 
If the company doesnt have to cover, this could end up being the biggest bloated pig stock ever. And trying to unload shares? Fogettabbouttit!
 
Posted by George on :
 
won't this turn into another CMKX? are there too many share to get them sold? If we all have millions and billions who is going to buy them?
 
Posted by glassman on :
 
folks, any of you ever cast a baitcasting rod/reel without your thumb on the spool? [Eek!]
 
Posted by keithsan on :
 
i have total trades 4,294,893,000

dont' forget to divide by 2 and i haven't checked for double printing but i doubt there is any today
 
Posted by Purl Gurl on :
 
George, CMKX people will buy them!
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
George, CMKX people will buy them!

Thats what I thought... we need suckers.. and I do not mean the kind for fishing..
 
Posted by keithsan on :
 
quote:
Originally posted by George:
won't this turn into another CMKX? are there too many share to get them sold? If we all have millions and billions who is going to buy them?

the plan since day one is the company or insurance agency or TA, would buy them back.i'm sure they are all talking with the lawyers today....
 
Posted by Purl Gurl on :
 
Glassman, my feed is stuck on that 13:25 trade.
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
My Ameritrade streamer shows 4,783,742,291

last trade at 13:25:50 for 299,300 @.0001

$29.93 ? new MM signal! lol
 
Posted by George on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by George:
won't this turn into another CMKX? are there too many share to get them sold? If we all have millions and billions who is going to buy them?

the plan since day one is the company or insurance agency or TA, would buy them back.i'm sure they are all talking with the lawyers today....
That because they have to cover the short? Now it makes more sense to me...Thanks

I still need my 350,000,000 shares....
 
Posted by cruz on :
 
they were earlier

quote:
Originally posted by BuyTex:
din somebody show LAMP on bid earlier?


 
Posted by cruz on :
 
now LAMP is on the bid
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
folks, any of you ever cast a baitcasting rod/reel without your thumb on the spool? [Eek!]

LOL.....birds nest....they suk
 
Posted by Purl Gurl on :
 
Keith, there are so many issues.

Another issue I considered is if GVRP executives
do not cover for shorts, they could be censored
by the SEC. Doubtful, but a chance.

Worst event an executive could have on his public
record is a censor by the SEC.

All executive names associated with this are
now branded; their reputations are tarnished.

I have no doubt there are some Wall Street types
who are very anxious.
 
Posted by Purl Gurl on :
 
Cruz, Etrade does not show any market makers.

Still stuck at 13:25 pm for the last trade.
 
Posted by glassman on :
 
anybody know the e-mail to the White House? [Big Grin]
 
Posted by cruz on :
 
wait a min - this is screwy from alphatrade. the times are off on the bid and ask
 
Posted by cruz on :
 
don't rely on my info - it looks like alphatrade is screwed up

quote:
Originally posted by Purl Gurl:
Cruz, Etrade does not show any market makers.

Still stuck at 13:25 pm for the last trade.


 
Posted by glassman on :
 
http://www.oag.state.ny.us/
 
Posted by Purl Gurl on :
 
Glassman, knock it off. You know this site
is your favorite,

http://www.oag.state.ny.us/family/kids/kids.html

Meet you over there.
 
Posted by Purl Gurl on :
 
My investment strategy,

 -
 
Posted by glassman on :
 
i shoulda bought some of this thru my human broker too that woulda been a hoot........
they are always sending me letters of non-solicitation anyway..what's one more?
 
Posted by Purl Gurl on :
 
Treat as RUMOR

Posted by: zentman
In reply to: None
Date:5/23/2005 2:05:09 PM

Thank you for contacting us today regarding GVRP.

Ameritrade paid the split shares according to the terms received through DTC.
At this time, we have no information as to whether the split shares will be
adjusted or amended.
If you sold the shares and the split is reversed, you may be short the shares.

At this time:

-There are no indications as to whether this split will be reversed.
-If it is reversed, we are in no position to determine if any trade activity
before or after the split will be cancelled/reversed by the market.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Joy Busse
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
 
Posted by dishgal1 on :
 
last sale from Ameritrade streamer 14:06 2,800,000
 
Posted by George on :
 
So if they cover the shorts, and they let the split stand and if you hold through all that the PPS should go up? RIGHT?
 
Posted by Purl Gurl on :
 
Dish, 13:25 13:52 14:06
 
Posted by <Trader88> on :
 
Lowered my sell to 1MM shares @ .0001 and they are not taking it. It appears they are selling to some suckers for that, but they are not willing to buy back any shares. Some MM must be making some bank today, selling shares for 50X last weeks prices. Must be nice. Typical MM activity, if they can find a way to screw with us, they do.
 
Posted by BuyTex on :
 
Purl, you still got your i-hub clothes handy?

remember this:
***************************
Posted by: slow_feet
In reply to: Dr Worm who wrote msg# 46019 Date:5/19/2005 4:57:04 PM
Post #of 46032

Dr. Worm,

I just got off the phone w/ NASD (Market Data Integrity 203-375-9609)...
They say the ex-Div on the R/S was 5/12 and that the ex-Div on the F/S is 5/23. I mentioned that there will be 600B shares...I got a dead air -- they're currently not interested in how it's trading, or how many shrares, etc. At 203-375-9609 they will tell you the ex-Div is 5/23 for a 3M-1 F/S, end-of-story...

Who wants to buy my shares on Monday?
***************************

well, i just called that number and "Suzanne" in Market Integrity said they don't talk to indivdual investors and said I should talk to my broker or the transfer agent. ????? wonder if a message to ol "slow feet" on i-hub might shed light....
 
Posted by Purl Gurl on :
 
George, none know if the share price will increase.

As it stands now, if you bought before today, this
is, by no later than last Friday, you are in good
shape at .0001 per share.

However, none know if that price will hold on into
the week.
 
Posted by Purl Gurl on :
 
Tex inquires,

"Purl, you still got your i-hub clothes handy?"

Oh brother, you range long horn steer, you know
I don't like dressing up. What a pain to wear
panty hose, high heels and an evening gown.
Know how long it takes a girl to put on makeup
and do her hair? That is an elitist joint.

Besides, I am not allowed to post over there.

You do it.
 
Posted by Purl Gurl on :
 
Stoned Ranger, I am not so sure you want information
from the elitist IH board. Most of them are now
talking about smokin' whacky tabaccy using something
called a "bong."

I am thrilled. Nothing like hanging out with people
who have red glassy eyes, grins, and cannot find
their own butt with both hands.
 
Posted by BuyTex on :
 
purl, can't--tried yesterday...some e-mail trigger thing, didn't pursue...

any more sales info, ennybudy?
 
Posted by Purl Gurl on :
 
Right, Tex. You have to pay to post.

* rolls her eyes *
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by glassman:
folks, any of you ever cast a baitcasting rod/reel without your thumb on the spool? [Eek!]

LOL.....birds nest....they suk
you use bamboo, fishin for crappies.
 
Posted by BuyTex on :
 
oh. maybe i didn't get that far...just saw something about an e-mail activation and blew it off. But you're right, I wouldn't pay...i do like the way they have the DD at the top, but reading messages is a pain...
 
Posted by keithsan on :
 
crap alphatrade just caught on to me again....shut me down
 
Posted by cruz on :
 
all ameritrade users - are you still holding? [Smile] it's kind of like in battle - holding your line.
 
Posted by TampaInvester on :
 
quote:
Originally posted by cruz:
all ameritrade users - are you still holding? [Smile] it's kind of like in battle - holding your line.

But I thought the sell won't go through even if you want to sell
 
Posted by <Trader88> on :
 
Whats the saying: If you're in a hole, stop digging? If this volume is the company starting to cover, and they put out a release NOT to trade their shares, they need to put down that shovel pretty soon or they won't be able to extricate themselves from the pit.
 
Posted by elitedb on :
 
I have no doubt that all the .0001's are buys. The mm's are selling the @ market orders from this morning probably @ .000002 and making 50x return. Nice rate if you can get it.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by glassman:
folks, any of you ever cast a baitcasting rod/reel without your thumb on the spool? [Eek!]

LOL.....birds nest....they suk
you use bamboo, fishin for crappies.
LOL...Keith...maybe in Boston.....Down here you gotta use real gear...LOL
 
Posted by dishgal1 on :
 
nothing since 14:06 on Ameritrade.....


Yes I am still holding. No sell orders placed.
 
Posted by cruz on :
 
you're proly right. i have not tried myself.

quote:
Originally posted by TampaInvester:
quote:
Originally posted by cruz:
all ameritrade users - are you still holding? [Smile] it's kind of like in battle - holding your line.

But I thought the sell won't go through even if you want to sell

 
Posted by dishgal1 on :
 
PURL I picked up a few shares of HOM....good call. Are you long on this one or plan to sell on the news?
 
Posted by Raptorsrule on :
 
I'm holding all....

I've had an order in for 1 mill @.0001 as a test and they haven't touched it all day...
 
Posted by <Trader88> on :
 
quote:
Originally posted by Raptorsrule:
I'm holding all....

I've had an order in for 1 mill @.0001 as a test and they haven't touched it all day...

A sell, I am assuming?
 
Posted by glassman on :
 
http://www.dtcc.com/AboutUs/committees.htm
 
Posted by Raptorsrule on :
 
Trader...yes a sell....
 
Posted by Purl Gurl on :
 
Dish, I am a little bit long on HOM. My plan is
to sell in the 1.62 to 1.70 range. As you know,
that can change. Should it really fly, chances
are good new bottom support will form 1.65 or
so, then continue creeping up.

I am very patient on my long positions.

Markets have been range bound for a couple of weeks
and continue to be so. It is very difficult to
gauge where HOM will settle. HOM "should" be in
the 1.75 to 1.80 range after today's 10Q release,
but the markets are so sluggish and so few are
buying these days.

If you look away from GVRP, you will notice today
is a light volume day with no real change in
prices; range bound, stagnant.

HOM is a very safe investment, Dish. You should
feel comfortable holding it for long term. Their
track record is very good, history of profits
and all that.
 
Posted by <Trader88> on :
 
RE: Ameritrade

Ameritrade will not let you sell for anything less than .0001. I would try for .00005 if they would let me. Heck, even .00002 is not a bad profit.
 
Posted by keithsan on :
 
holding all and a ton of buys going thru now.
 
Posted by glassman on :
 
wow........
 
Posted by dishgal1 on :
 
Ameritrade last sales many many sales .0001 for 9.000,000 ea at .0001
 
Posted by glassman on :
 
9 million share lots one after another....
 
Posted by Raptorsrule on :
 
My order just filled....dang...now I only have 299 mill....LOL
 
Posted by elitedb on :
 
Volume has jumped to over 9.7 billion. Someone's buying!
 
Posted by glassman on :
 
i saw it raptor...

elite is posting an OK condition on each trade for what that's worth....
 
Posted by lucror on :
 
unreal volume on gvrp last few minutes
 
Posted by <Trader88> on :
 
quote:
Originally posted by <Trader88>:
RE: Ameritrade

Ameritrade will not let you sell for anything less than .0001. I would try for .00005 if they would let me. Heck, even .00002 is not a bad profit.

There is a massive run ocurring, just got 112M filled at .0001 WEEEEEEEEEEEEEEEEEEEEEEEEE
 
Posted by Raptorsrule on :
 
Guys...someone is buying and further the cas is settled in my account.....
 
Posted by BuyTex on :
 
330,000,000

can NOT believe what scottrade did...
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
330,000,000

can NOT believe what scottrade did...

What happened? did you get your shares?
 
Posted by <Trader88> on :
 
I dont know whether to buy or sell the rest of my shares. This is freaky, but they want shares bad, I feel the price could go way up above .0001. Obviously, they are covering. I don't want to give them away either.
 
Posted by glassman on :
 
no scotrade doesn't have shares...

but the fat lady isn't singing yet....
 
Posted by BuyTex on :
 
no, and i'd still hold most, but i'd like to grab a k or two...
 
Posted by George on :
 
Do we still have to wait for Scottrade? When did they say they would credit our accounts with shares?
 
Posted by cruz on :
 
i can't even get into ameritrade.
 
Posted by keithsan on :
 
ameritrade is down
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
Do we still have to wait for Scottrade? When did they say they would credit our accounts with shares?

when DTCC clears them...whenever that is--this run may be news, I'm guessing...maybe they brokered their insurance deal and gave the green light?
 
Posted by glassman on :
 
quote:
Originally posted by George:
Do we still have to wait for Scottrade? When did they say they would credit our accounts with shares?

when the DTCC affirms the shares there, which the ones they are buying right now may be what they put there... LOL

chickens and eggs man, eggs and chickens....
 
Posted by Raptorsrule on :
 
My ameritrade is working......
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by George:
Do we still have to wait for Scottrade? When did they say they would credit our accounts with shares?

when the DTCC affirms the shares there, which the ones they are buying right now may be what they put there... LOL

chickens and eggs man, chickens and eggs....

i wondered about that earlier...
 
Posted by <Trader88> on :
 
Ameritrade is down. This sucks! What bad timing!
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
My ameritrade is working......

my command center is up, but can get in site
 
Posted by BuyTex on :
 
i shall now be centered and accept this as a gift from the universe: I will get my shares when the bid is 5x higher...
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
i shall now be centered and accept this as a gift from the universe: I will get my shares when the bid is 5x higher...

Right...they may of done us a favor...
 
Posted by keithsan on :
 
LOL WWWWWWEEEEEE$EEEEEEEEE$
 
Posted by Purl Gurl on :
 
Going on twelve-billion shares. Still not enough
to cover GVRP shorts, but might be a signal GVRP
is actually buying, at .0001 per. Chances are
they will not unload for less than .0001 which
is very good for us in at forward split prices.
 
Posted by <RebelYell> on :
 
Looks like someone has shares. LOL
 
Posted by Purl Gurl on :
 
I'm with Dish and others, not selling until those
cover shares come in. None know what will come
of this and I don't want to be caught millions
of shares short.
 
Posted by TampaInvester on :
 
quote:
Originally posted by <Trader88>:
quote:
Originally posted by <Trader88>:
RE: Ameritrade

Ameritrade will not let you sell for anything less than .0001. I would try for .00005 if they would let me. Heck, even .00002 is not a bad profit.

There is a massive run ocurring, just got 112M filled at .0001 WEEEEEEEEEEEEEEEEEEEEEEEEE
is this true? you just made $11,200.. I hate scottrade..guys are we missing out
 
Posted by Raptorsrule on :
 
How on earth could I be held responsible for selling short...the shares are in my account!

Further Ameritrade let the sell through and the cash is in the settled account!
 
Posted by BuyTex on :
 
I must believe this is for the best, fellow Scottraders. I doubt watching these full load sells go through that I would be able to resist and I really, really want to sell verifieds with no risk of covering.
 
Posted by cruz on :
 
sorry guys, an order of mine for 55 mil went thru at 0.0001 still holding 295 mil.
 
Posted by lucror on :
 
etrade question, i use etrade canada which is shutdown basically today because of a holiday, I talked to a fellow who said no record of fs on gvrp but i should phone the reorg officer first thing tomorrow morning. Has anyone using etrade canada or usa been told when to expect new shares in their accounts
 
Posted by keithsan on :
 
I am hearing that 100millions at .0001 are being gobbled up in seconds....dont get antsy
 
Posted by TampaInvester on :
 
this is not fair.....someone do something
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
I am hearing that 100millions at .0001 are being gobbled up in seconds....dont get antsy

what was that song? i want my MTV? LOL

at this point, i am desparately trying to glue my scotrade managers voodoo doll back together....
 
Posted by pcloadletter on :
 
wells fargo shares in account....

no word from trading direct
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by keithsan:
I am hearing that 100millions at .0001 are being gobbled up in seconds....dont get antsy

what was that song? i want my MTV? LOL

at this point, i am desparately trying to glue my scotrade managers voodoo doll back together....

lol, too funny
 
Posted by DENSKIJR on :
 
Crap here I am again the anxiety is killing me.


aaaaaaaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhhhhhhhhhhhhhhhhhh

"sits down and straps on stey jacket will not post until market close"
 
Posted by <RebelYell> on :
 
Still wanting to see .0002 [Big Grin]
 
Posted by cruz on :
 
do you think we will ever see 0.0002
 
Posted by <Trader88> on :
 
quote:
Originally posted by TampaInvester:
quote:
Originally posted by <Trader88>:
quote:
Originally posted by <Trader88>:
RE: Ameritrade

Ameritrade will not let you sell for anything less than .0001. I would try for .00005 if they would let me. Heck, even .00002 is not a bad profit.

There is a massive run ocurring, just got 112M filled at .0001 WEEEEEEEEEEEEEEEEEEEEEEEEE
is this true? you just made $11,200.. I hate scottrade..guys are we missing out
Yep, true. But I am afraid to sell any more.
 
Posted by keithsan on :
 
LOL they aint buying it up cuz its going down, they buying it up and she gonnnnnnnnaaaaa move
 
Posted by DENSKIJR on :
 
Keith

Your killing me over hear but I tell ya let me know what I can do for ya I definatly owe you and your family dinner or something.

Didn't get my stray jacket on fast enough so 100 million at .0001 the 10,000.00 is in my account as we speak.

Still holding on to 200 million but its hard looking at another 20 grand.

Help me stay strong.

aaaaaaaaaaaaahhhhhhhhh
 
Posted by cruz on :
 
can't wait for tomorrow
 
Posted by glassman on :
 
it took them longer to assemble that team of traders than i expected [Big Grin]
 
Posted by BuyTex on :
 
can we tell who's buying, LAMP still on?
 
Posted by dishgal1 on :
 
They could be doing this to make us cover....you know....turn it around on us....Be careful folks.
 
Posted by keithsan on :
 
quote:
Originally posted by DENSKIJR:
Keith

Your killing me over hear but I tell ya let me know what I can do for ya I definatly owe you and your family dinner or something.

Didn't get my stray jacket on fast enough so 100 million at .0001 the 10,000.00 is in my account as we speak.

Still holding on to 200 million but its hard looking at another 20 grand.

Help me stay strong.

aaaaaaaaaaaaahhhhhhhhh

glad i could be of service.
 
Posted by cruz on :
 
hold boy! hold!

quote:
Originally posted by DENSKIJR:
Keith

Your killing me over hear but I tell ya let me know what I can do for ya I definatly owe you and your family dinner or something.

Didn't get my stray jacket on fast enough so 100 million at .0001 the 10,000.00 is in my account as we speak.

Still holding on to 200 million but its hard looking at another 20 grand.

Help me stay strong.

aaaaaaaaaaaaahhhhhhhhh


 
Posted by Raptorsrule on :
 
Keith...what is your opinion on selling our shares prior to Wednesday.....Are we liable for short selling???...I just don't see how if they are in our accounts.
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
Keith...what is your opinion on selling our shares prior to Wednesday.....Are we liable for short selling???...I just don't see how if they are in our accounts.

I don't think we are, but, i wouldnt' spend the money either. as we get closer to wed's, the price should really go up. I'm assuming this buying pressure is from them. After speaking to lawyers etc...
 
Posted by DENSKIJR on :
 
Dish

Thats where I figure Im ok Even if they make me cover I have 200 million left so I'll give them my shares to cover. This has been the most wild investment Ive done What a ride.
 
Posted by glassman on :
 
do i see an ask of .0002??????
 
Posted by Triumph1902 on :
 
quote:
Originally posted by dishgal1:
They could be doing this to make us cover....you know....turn it around on us....Be careful folks.

I was just thinking that.
 
Posted by glassman on :
 
quote:
Originally posted by DENSKIJR:
Dish

Thats where I figure Im ok Even if they make me cover I have 200 million left so I'll give them my shares to cover. This has been the most wild investment Ive done What a ride.

i THINK you are on safe ground there...
but i'm trying to use logic... [Big Grin]
 
Posted by DENSKIJR on :
 
Whats the B/A Ameritrade doesn't go that far out it just shows .00 and .00


TIA

Dennis
 
Posted by cruz on :
 
mm on the ask for 0.01
 
Posted by George on :
 
I just talked to my Scottrade guy here. I am the only one he has heard from. We discussed what happened and his feeling is that the whole thing will be reversed. So it may be that if you sell now they are short shares and you will have to buy them back. HAve to wait and see.
 
Posted by Triumph1902 on :
 
.0002....
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
do i see an ask of .0002??????

i'm showing ask of .ooo2, but no bid, ie oo
 
Posted by Purl Gurl on :
 
If the reverse split is nullified, you are back
to your original amount of shares, but have
sold millions. That could be a problem.

Should GVRP never cover for their shorts,
you remain short and have sold short.

Selling now might place you in a position
of buying back shares at a loss.

So much is unknown, I suggest being prudent.
However, I could be dead wrong. Don't allow
my opinions to sway you, just be careful.

Dish, a rumor NITE is at .0002 for ask. This
would indicate NITE has bought and is looking
to make one-hundred percent profit. This tosses
a monkey wrench into who is actually buying.
GVRP or Market Makers?
 
Posted by cruz on :
 
L2 at 0.0002!
 
Posted by keithsan on :
 
222222222 yahooooooooooooooooooooooooooo
 
Posted by Triumph1902 on :
 
quote:
Originally posted by George:
I just talked to my Scottrade guy here. I am the only one he has heard from. We discussed what happened and his feeling is that the whole thing will be reversed. So it may be that if you sell now they are short shares and you will have to buy them back. HAve to wait and see.

I highly doubt the whole thing could be reversed… seems practically impossible at this point.
 
Posted by Raptorsrule on :
 
wow....folks they are buying at .0002
 
Posted by Purl Gurl on :
 
Large sales at .0002 per.

Hopes this holds for a few days.
 
Posted by glassman on :
 
i'm not gonna sleep for a week.. [Big Grin]
 
Posted by dishgal1 on :
 
QUESTION? Okay they are selling to individual investors today. How will they cover those sales to investors if they reverse it?
 
Posted by George on :
 
quote:
Originally posted by Triumph1902:
quote:
Originally posted by George:
I just talked to my Scottrade guy here. I am the only one he has heard from. We discussed what happened and his feeling is that the whole thing will be reversed. So it may be that if you sell now they are short shares and you will have to buy them back. HAve to wait and see.

I highly doubt the whole thing could be reversed… seems practically impossible at this point.
That's what I told him. I said how could they ever undo this mess. By the way he first said he did not show any F/S. Then he said oh I saw something about that on the wire this morning.
 
Posted by BuyTex on :
 
what last sales are showing? i stopped at :30:55 minutes after....
 
Posted by glassman on :
 
what do you do when you have a tiger by the tail?

 -

say nice kitty?
 
Posted by Purl Gurl on :
 
George writes,

"I said how could they ever undo this mess."

There are inumerable methods to undo this.
Keep in mind GVRP will be looking first to
not losing money. That is their top priority.
They could fold in an instant. Chapter 7.
Reverse split. Dissolution....
 
Posted by BuyTex on :
 
purl, I thought all those things would take time...
 
Posted by keithsan on :
 
that was fun kids!

Lets do it again tomorrow!!!!

I'm gonna take the family to dinner [Big Grin]

I'm very f'n happy
 
Posted by dishgal1 on :
 
my last sale showing is at 15:51 10,000 shares and then we have .0002 showing on ticker
 
Posted by Raptorsrule on :
 
Holy crap folks.....tomorrow is going to be interesting to say the least....

I don't see how n the world they would reverse this....

Just surmising here but it would appear they got bad news today and decided to buy...it should onlyy get better from here....
 
Posted by George on :
 
.0002 I am up 100% on my buy today... Plus someday Scottrade will be giving me shares... Hopefully it is .0003 by then.
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
George writes,

"I said how could they ever undo this mess."

There are inumerable methods to undo this.
Keep in mind GVRP will be looking first to
not losing money. That is their top priority.
They could fold in an instant. Chapter 7.
Reverse split. Dissolution....

but if they do not buy shares back who else is going to buy them? No one.
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
that was fun kids!

Lets do it again tomorrow!!!!

I'm gonna take the family to dinner [Big Grin]

I'm very f'n happy

Bump bump bump BUMP [Razz]
 
Posted by DENSKIJR on :
 
Just got off Trevor at Ameritrade and wanted to confirm with him that if I sold the shares that are in my account that I would not be held liable for finding those shares should anything accur and he confirmed with me that I own those 200 million shares and would not be liable unless I had sold and option or something on those shares. So I dont see a problem right now at least that is what Ameritrade is telling me.
 
Posted by cruz on :
 
tomorrow will be fun!
 
Posted by dishgal1 on :
 
At Ameritrade you have to have a margin account in order to sell short. Am I correct? Then it would be their problem....wouldn't it?
 
Posted by Raptorsrule on :
 
Very fun Keith....congrats dude....have some lobster!

I'm very F'n happy as well!!!LOL
 
Posted by cruz on :
 
anybody say 0.0003
 
Posted by dishgal1 on :
 
There is another possibility here folks. They might go a different direction. With all of the "free" shares they picked up today. (Market orders) this thing could really climb fast. They might just decide this is too much of a money maker to reverse the split. Hell who knows? Maybe they planned it this way? LOLOLOLOL
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
There is another possibility here folks. They might go a different direction. With all of the "free" shares they picked up today. (Market orders) this thing could really climb fast. They might just decide this is too much of a money maker to reverse the split. Hell who knows? Maybe they planned it this way? LOLOLOLOL

the best possible solution...
 
Posted by Raptorsrule on :
 
Dish...good thinking....and my personal favorite for an outcome..... [Smile]

Can you say:

 -
 
Posted by BuyTex on :
 
from an i-hub post:

Posted by: coinstarz
In reply to: sublime who wrote msg# 50201 Date:5/23/2005 4:18:07 PM
Post #of 50298

Today's Trading Statistics. Thank you sublime for the data.

May 23, 2005

Closed @ 0.0002

Total Trades = 2388.00
Total Shares = 19,434,199,285
Total $ Volume = $1,528,381

0
# Trades = 489
# Shares = 4,204,106,000
$ Volume = $0

0.0001
# Trades = 1885
# Shares = 15,178,378,285
$ Volume = $1,517,838

0.0002
# Trades = 14
# Shares = 52,715,000
$ Volume = $10,543


Not incl pre and after market trades. 0.001 trades were cancelled.


"In the business world, the rearview mirror is always clearer than the windshield." - Warren Buffett

Peace!

C-Starz
 
Posted by Raptorsrule on :
 
Yes...I believe he will go down in history as a true stock god on this one.....WOW.....

I didn't sleep hardly at all last night and now I'm as nervous as a one legged cat in a sand box.....
 
Posted by glassman on :
 
i guess keithsan is now the Zuess of stock picking...IMO? nobody will ever be able to top this one....


 -
 
Posted by dishgal1 on :
 
Just got off phone with Ameritrade. Didn't know anything about this stock. He does now.

Ameritrade has requested he read the Memo warning of liability....in case F/s is cancelled, amended, etc.

After about 30 minutes back and forth of asking how we could be liable if we don't have a margin account.....I finally just asked if he could check to see if they had our shares. He checked and said the shares had been transferred by DTCC.........I asked if we were out of the woods and he said he couldn't say because of the memo by Ameritrade. So don't get too crazy folks we don't need to have a huge liability on our hands and I guess when Scott Trade updates shares we will know we are free to trade.

On the other hand I told him I didn't think the Company owned the majority of shares in order to effect a reversal...he was shocked. BUT if everyone keeps selling them back ........then at some point we will lose our majority. Then they could do a reversal possibly and get us all back. Just a theory but this @$#@$ makes me nervous. LOL
 
Posted by TampaInvester on :
 
quote:
Originally posted by dishgal1:
Just got off phone with Ameritrade. Didn't know anything about this stock. He does now.

Ameritrade has requested he read the Memo warning of liability....in case F/s is cancelled, amended, etc.

After about 30 minutes back and forth of asking how we could be liable if we don't have a margin account.....I finally just asked if he could check to see if they had our shares. He checked and said the shares had been transferred by DTCC.........I asked if we were out of the woods and he said he couldn't say because of the memo by Ameritrade. So don't get too crazy folks we don't need to have a huge liability on our hands and I guess when Scott Trade updates shares we will know we are free to trade.

On the other hand I told him I didn't think the Company owned the majority of shares in order to effect a reversal...he was shocked. BUT if everyone keeps selling them back ........then at some point we will lose our majority. Then they could do a reversal possibly and get us all back. Just a theory but this @$#@$ makes me nervous. LOL

what memo ars you talking abt?
 
Posted by dishgal1 on :
 
Ameritrade read a memo from Ameritrade that we have been credited with our shares. Free to trade them understanding in the event of a reversal, amendment, etc....we would be held liable for the ones we sold. Sucks doesn't it?
I don't think we have anything to worry about. If they have received them, how can they steal them back? IMO
 
Posted by dishgal1 on :
 
PURL great news on HOM after hours. Glad I bought in. Can you assure me the gains I received today? LOL
 
Posted by Purl Gurl on :
 
Dish writes,

"Maybe they planned it this way?"

A very shrewd businessperson with an offshore
broker, offshore money, absolutely.

Those market makers who sold at .0002 today, Dish,
cleared one-hundred percent profit. However, a lot
of volume is needed to make significant money at
these prices. What was volume today? This suggests
there are ample shares in new hands to make selling
at .0002 for a one-hundred percent profit, very
lucrative, indeed.

Offshore, complete impunity. Once the money
leaves our continent, it is gone for good.

Yes, Dish, I could rationalize this into a
planned ploy, very easily, in fact, a type
of con I would love to effect.

Purl Gurl
 
Posted by Purl Gurl on :
 
I will add, the news release about not buying,
would be a logical part of that ploy. It would
be a con to discourage buying allowing market
makers an open market to accumulate. Some brokers,
as we know, are discouraging trading and are
making it difficult to trade. For example, my
Etrade wants a $100,000 bond before trading.

Market makers have virtually no liability.

All of this is a plausible con which I respect.

Is this a con? I don't have a clue.

There is nothing to stop this from becoming
a con, yes? At this point I can think of
several methods to turn this around into one
of the biggest stock scams in history.

Purl Gurl
 
Posted by dishgal1 on :
 
Just a thought....I would imagine that warning memo from Ameritrade would apply to any F/S........Raptor is presently calling Ameritrade and he is also going to ask about GTEL....someone said they didn't have those shares either from Scottrade.
But they are saying they have received them....we will see what Raptor finds out.
Good luck all.
 
Posted by glassman on :
 
they had few options but to churn it IMO.....
 
Posted by glassman on :
 
Scotrade has much stricter policies...they actually hav a long list of securities they will let you SELL but NOT BUY...

and yes CMKX, and SEIH are on it as well as a couple dozen others....

darn, this voodoo doll just don't look good, i hope my manager is OK [Big Grin]
 
Posted by Purl Gurl on :
 
Ok, so you bought $250 worth of pre-split stock.

You do not sell until liability is no more.

Downside, you could lose your $250 investment.

Today, you sold three-hundred-million shares.

The shorts you bought are never covered, you
have shorted your sell.

Buck stops at the last person who sold.

Downside, you have to buy three-hundred-million
shares to cover your short position.

At .0001 you would lose about $30,000 instantly.

Not selling, downside $250 gone.
Selling, downside $30,000 gone.

Not much smarts required to make a decision.

Purl Gurl
 
Posted by Purl Gurl on :
 
That is what I expect, Glassman, churning until
shorts are covered or something breaks.

Watch Nightly Business Report and other news
sources. No doubt today's volume will attract
attention.

How many shares traded for the entire DOW, today?

Purl Gurl
 
Posted by glassman on :
 
30K$ you never had till you did sell?
 
Posted by TampaInvester on :
 
quote:
Originally posted by Purl Gurl:
Ok, so you bought $250 worth of pre-split stock.

You do not sell until liability is no more.

Downside, you could lose your $250 investment.

Today, you sold three-hundred-million shares.

The shorts you bought are never covered, you
have shorted your sell.

Buck stops at the last person who sold.

Downside, you have to buy three-hundred-million
shares to cover your short position.

At .0001 you would lose about $30,000 instantly.

Not selling, downside $250 gone.
Selling, downside $30,000 gone.

Not much smarts required to make a decision.

Purl Gurl

unless you have to buy back at ask (0.0002)
 
Posted by Purl Gurl on :
 
Yes, Glassman. Money would come in to cover
your shorts, based on a premise the price
does not go up. This is a short squeeze.

What will people try to do with prices?
 
Posted by Purl Gurl on :
 
Both are correct, I should have set a .0002 price.

You get my drift, however.

Not selling - minimum risk.
Selling - maximum risk.
 
Posted by glassman on :
 
short squeeze of the millenia...'till next time [Big Grin]
 
Posted by glassman on :
 
look for .0003's and up followed by fast, fast drops...
be the market maker [Cool]
 
Posted by DENSKIJR on :
 
Purl,

How do you say that I would be liable for those shares sold ameritrade states that I own 200 million shares and have posted it in my account I havn't sold shares that I dont own that would be short selling but ameritrade says I own those shares and have buy confirmations and sell confirmations to prove it.
 
Posted by TampaInvester on :
 
quote:
Originally posted by DENSKIJR:
Purl,

How do you say that I would be liable for those shares sold ameritrade states that I own 200 million shares and have posted it in my account I havn't sold shares that I dont own that would be short selling but ameritrade says I own those shares and have buy confirmations and sell confirmations to prove it.

those 300 million shares were borrowed shares by ameritrade (post split) with the promise that if the split is reversed you will have to buy back to cover...ameritrade works different from other brokerages..This is why purl said maximum risk
 
Posted by Obiji on :
 
Hey all,

I have read through this entire topic, and spent all day doing it. I am highly interested in this little bugger, per chance that I buy as much as I can tomorrow morning at opening. What would you say my risk is, buying post-split?
 
Posted by dishgal1 on :
 
But on the other hand, wouldn't it be a legal nightmare for the company (which doesn't hold controlling interest)to try to collect from investors? I mean there are people who bought today also.....Oh what a tangled web.
 
Posted by elitedb on :
 
Glass, I believe you are exactly right. I will be away from the computer in the morning but I am going to put in sell orders for a quarter of my shares at .0003, a quarter at .0004 and a quarter at .0005. I'll hold the remainder as a further lottery ticket. If they want to come up and snatch them then let me bank $90,000 on a 215.00 investment with another quarter of the shares in the account.

Ameritrade told me the shares were mine. How can the reverse a trade. I have already put profit from this stock into PLNI last week. With the jump it took today are they going to take that profit too. I THINK NOT.

I hope they buy me out. WSOP here I come.
 
Posted by dishgal1 on :
 
By the way, Ameritrade says they received them from DTC on Friday when they posted to our account.
 
Posted by Raptorsrule on :
 
Okay folks.....Andrea at Ameritrade confirmed to me that they received the post split shares Friday afternoon from DTC. Ameritrade does not post to customers accounts unless they receive shares from DTC is what she said. She also read me the liability memo but stated she saw no way for the company to amend or reverse the split based on the volume we saw today...the legal ramifications for undoing what has been done would be enormous...she said.

regarding GTE shares....Ameritrade also received these from DTC on Friday and they have been posted to the Ameritrade's customer's accounts.

for those of you using the other online brokerages...no offense but I would swith to Ameritrade....
 
Posted by glassman on :
 
quote:
Originally posted by Raptorsrule:
Okay folks.....Andrea at Ameritrade confirmed to me that they received the post split shares Friday afternoon from DTC. Ameritrade does not post to customers accounts unless they receive shares from DTC is what she said. She also read me the liability memo but stated she saw no way for the company to amend or reverse the split based on the volume we saw today...the legal ramifications for undoing what has been done would be enormous...she said.

regarding GTE shares....Ameritrade also received these from DTC on Friday and they have been posted to the Ameritrade's customer's accounts.

for those of you using the other online brokerages...no offense but I would swith to Ameritrade....

i guess i better get out the blowtorch for the scotrade manager's voodoo doll after all [Big Grin]
 
Posted by elitedb on :
 
Raptor, I have never checked with Ameritrade concerning my GTE but my account today shows no GTE shares but shows N/A* (* A current quote cannot be obtained for this position at this time.) for my GTEL shares.
 
Posted by George on :
 
I am switching to Ameritrade as soon as this is over.
 
Posted by George on :
 
Scottrade told me the GTEL shares will change over tomorrow night after close. You can trade them but you got to call them.
 
Posted by d6veteran on :
 
George, I was able to trade mine today. I sold and then bought back on the dip. It was showing wierd for about the first 50 minutes of trading -- I had the GTE symbol, and the post split price as the last price, but the bid and ask were pre-split.

Like:

3.63 .240 x .242
 
Posted by dishgal1 on :
 
Here's a thought! Wouldn't It would almost be impossible to reverse or amend a split at this stage....think about it...like it never happened? This really isn't a short situation according to Ameritrade...If they reversed or amended this.......it is like it goes "poof"..............What about the people who bought today? Their shares just disappear? This is crazy. Wouldn't we just basically have to give them the money back that we got from the sale? If it were reversed there would be no shares to buy back to cover...RIGHT?
 
Posted by elitedb on :
 
dishgal, Ameritrade in my margin account does NOT let me short penny stocks. So if I sell they will only let me sell shares I have. If it is by some quirk later reversed all they can get is the sales money back. They cannot force me to cover a short sale I am NOT permitted to make. I feel extremely comfortable in saying that by law that is the maximum extent of my liability if reversed. Any other possible liability belongs to Ameritrade and I am sure they did not put themselves in a position of liability.

I truly believe if the shares on in the account the liability that Purl and others speak of does not exist. Only the proceeds from the sale can be recovered if the trades are reversed.

Having said all of this, there is no way to reverse 11 billion shares traded. Any attempt would be a real nightmare, not to mention the years of litigation to follow.
 
Posted by dishgal1 on :
 
elitedb.........that is a very logically thought out response.......thank you ...you deserve a star...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i guess keithsan is now the Zuess of stock picking...IMO? nobody will ever be able to top this one....


 -

stockgod ehhh...

LOL

2 billion shares at .0002 or .0003 is 400 or 600k

[Big Grin] mofo.

not selling yet, i figured today would end similar to this and selling at .0001 would be bid whackers.

I've been around to long to whack the bid
 
Posted by Purl Gurl on :
 
Elite writes,

"...maximum extent of my liability if reversed."

That is not completely true. You can argue legal
points but those can only be settled in court,
if push comes to shove. A broker can seize your
account, take your money and sell your stocks
to recover liability. That is in your contract
fine print.

You can prevail on liability but you might spend
twenty-thousand in attorney fees to do so. Brokers
have deep pockets and can throw a lot of money at
you, in legal fees.

Meanwhile, your money is tied up for years.

This is why it is often a better choice to settle
even when you are right.

Being right does not mean you won't lose money.

"Having said all of this, there is no way to
reverse 11 billion shares traded."

There is a very simple way to reverse this. The
company, GVRP, simply throws up their hands and
states, "We cannot cover."

Next event is the Fat Lady singing.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:

There is a very simple way to reverse this. The
company, GVRP, simply throws up their hands and
states, "We cannot cover."

Next event is the Fat Lady singing.

Purl Gurl

GVRP won't do that, they have a case against the TA, TA is backed by insurance and is bonded, notice the TA wasn't speaking today......it wasn't cuz some crappy little pink told them not to. It was cuz they screwed up and just hiked their premiums....
 
Posted by Purl Gurl on :
 
We carry rather expensive Landlord's Liability
insurance on each rental. We pay big bucks each
year for that insurance.

Classic case, and fortunately this did not come
to past in court.

A female tenant, a wife, is very obese. We have
replaced two toilets in three years. First time
she shattered the porcelain bowl by wiggling her
huge butt around. She could have been cut severely,
claimed neglect on our part, then sued us.

Second time, she tore the toilet up out of the
foundation, actually broke off the bolts. No
harm except filthy water everywhere. She could
have claimed exposure to bio-hazardous material
due to neglect, then sued us.

We carry liability insurance for that reason.
You can be sued at anytime for anything, be
perfectly innocent, be perfectly right, but
will spend tens of thousands defending yourself.

You win but you are the true loser.

"Hey fat ass. How much you want to settle before
we go to court? Ok, five grand and here is an
eviction notice. Now beat it, Tubbo."

We have liability insurance which protects us
up to a certain amount, one-million for each
rental, in this case.

Do you have liability insurance if your broker
seizes your account?

What will it cost you to get your money back?
More than the money you have in your account?

Purl Gurl
 
Posted by Triumph1902 on :
 
Just got off the phone with etrade:

As soon as I mentioned GVRP the person immediately knew what I was talking about...must have lots of people bugging them about it. I asked her the 2 usual questions.

-Why the post F/S shares had not yet posted on my account...She answered that they had not received them from the DTC as of today and I should expect them to show in the next few days. I than mentioned that Ameritrade had already posted them for their customers and she replied that etrade is on a different system than Ameritrade and repeated that it might take a few days.

-Why have they halted trading for GVRP...Her reply was that this stock did a massive R/S and then a F/S and they viewed this as irregular and decided to halt trading until things can be cleared up. I asked her how long this might take and again she replied she wasn’t sure but things should be cleared up in a few days.
 
Posted by keithsan on :
 
LOL etrade sux
 
Posted by <Trader88> on :
 
quote:
Originally posted by Triumph1902:
Just got off the phone with etrade:

As soon as I mentioned GVRP the person immediately knew what I was talking about...must have lots of people bugging them about it. I asked her the 2 usual questions.

-Why the post F/S shares had not yet posted on my account...She answered that they had not received them from the DTC as of today and I should expect them to show in the next few days. I than mentioned that Ameritrade had already posted them for their customers and she replied that etrade is on a different system than Ameritrade and repeated that it might take a few days.

-Why have they halted trading for GVRP...Her reply was that this stock did a massive R/S and then a F/S and they viewed this as irregular and decided to halt trading until things can be cleared up. I asked her how long this might take and again she replied she wasn’t sure but things should be cleared up in a few days.

What do you mean halt trading, there was no trading halt.
 
Posted by Raptorsrule on :
 
Ladies and Gentlemen.....welcome to the perfect:

 -

Yeah baby.....muhahahahah
 
Posted by Triumph1902 on :
 
quote:
Originally posted by keithsan:
LOL etrade sux

Yeah no kidding! I usually use ameritrade but it just so happened that for this buy I had cleared funds on my old Etrade account. I imagine they will lose allot of customers over this.
 
Posted by Purl Gurl on :
 
Keith, you are very sharp, well educated and
impressively articulate. I admire your clear
intellectual status.

"GVRP won't do that, they have a case against the TA"

You cannot guarantee that. You can surmise that would
be a logical course of action. Nonetheless, all bets
are off because you do not control GVRP, you cannot
make decisions for them.

For all we know the two top executives, one will
dress like Batmen, the other like Robin, and both
will take a flying leap off the Empire State Building.

We can rationalize. We cannot precisely predict
behavior of others.

That is what legal arguments and cross exams
are all about; catching the other offguard with
inherent unpredictable behavior.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Keith, you are very sharp, well educated and
impressively articulate. I admire your clear
intellectual status.

"GVRP won't do that, they have a case against the TA"

You cannot guarantee that. You can surmise that would
be a logical course of action. Nonetheless, all bets
are off because you do not control GVRP, you cannot
make decisions for them.

For all we know the two top executives, one will
dress like Batmen, the other like Robin, and both
will take a flying leap off the Empire State Building.

We can rationalize. We cannot precisely predict
behavior of others.

That is what legal arguments and cross exams
are all about; catching the other offguard with
inherent unpredictable behavior.

Purl Gurl

ok purl, thats what I predict is going on...

Doing ok in my predictions so far [Smile]
 
Posted by JHenry on :
 
I still wonder with everything being so wrong with the short issue why would they ever release shares out to the DTC to send to the broker (Scottrade, etrade, ect). I just can't see how they would ever release more shares. Seems like they would just try to clean up the mess that's out there as much as possible without releasing more. I don't think us Scottrades will ever see any split shares.
 
Posted by Triumph1902 on :
 
[/qb][/QUOTE]What do you mean halt trading, there was no trading halt. [/QB][/QUOTE]

For all practical purposes Etrade has halted trading since Friday for this stock. They require you to call your trades in and even than, as Purl mentioned, you need a margin account with a $100,000 balance.
 
Posted by elitedb on :
 
Purl,

You are absolutely right concerning the possibility of litigation. As I lawyer I do not fear the litigation although I do in fact respect the time, effort and expense. I am also sure that Ameritrade also respects the expense and while all were wondering what happens today they also were wondering and I am sure were covering their own butts.

Our trade agreement with the broker like most every contract drafted by someone else does in fact protect the person who drafted the contract, in this case the broker. But, while it may allow them to tie up assets in the account ultimately they do not decide right and wrong. If I cash out 90,000 tommorrow I am sure a hundred others will too. I know quite a few law firms that would chomp at the bit for that class action.

So, if they tie me up over the 90,000 I will not fear the fight because I am reasonably sure of the argument. Ameritrade will not let me short this stock. I can only sell what is in my account. I sold what is in my account. I can potentially be made to replace the sale proceeds. But I cannot be made to cover with stock a short sale I cannot and did not make. Ameritrade told me they have my shares. I can sell them. If a sale is reversed (something that I doubt will happen) tey take back the sale proceeds. I the stock is truly short and undeliverable, and if the ask for a cover of a short sale, there is in fact no GVRP stock in existence from which to cover so therefore I will have to return the proceeds.

Again, I am confortable with the position that the limit of my liability is the sale proceeds. If they want more that will have to come and get it and not without a fight.

Of course all of this may be moot since they may never reach up and grab my shares at the inflated prices, and as you have wisely stated all of this is moot T+3.

Rich
 
Posted by <Trader88> on :
 
quote:
Originally posted by Triumph1902:

What do you mean halt trading, there was no trading halt. [/QB][/QUOTE]

For all practical purposes Etrade has halted trading since Friday for this stock. They require you to call your trades in and even than, as Purl mentioned, you need a margin account with a $100,000 balance. [/QB][/QUOTE]

Sorry, I misunderstood. Thats not a trading halt, thats ETrade telling you that you can't sell what you own. I'm glad I don't have them, thats all I can say.
 
Posted by Purl Gurl on :
 
JHenry writes,

"I don't think us Scottrades will ever see any
split shares."

If you do not receive those shares by market open
on Thursday, you can call Scott's and ask they
submit a demand to the selling broker. That does
not mean you will receive shares, but will begin
the process of obtaining those shares.

Research and read about "Demand To Settle" as
this relates to stock trading.

Purl Gurl
 
Posted by elitedb on :
 
Sorry, my typing is atrocious and my proofreading obviosly worse.
 
Posted by Purl Gurl on :
 
Keith presents a defense,

"Doing ok in my predictions so far"

Keith, don't be sensitive! There is no room
for a sensitive ego during legal arguments.

Yes, you do very well, and that is sincere.
My prior compliments are just as sincere.

I have found, during my measly life, when you
get to bragging, life craps in your hand.

Purl Gurl
 
Posted by JHenry on :
 
Thanks for the info Purl.
 
Posted by keithsan on :
 
quote:
Originally posted by elitedb:
Sorry, my typing is atrocious and my proofreading obviosly worse.

thats why you have a secretary, grabbed the j.d. in may.04
 
Posted by elitedb on :
 
Keith, where did you graduate from?

As a way of further clarification on Ameritrade's CYA:

Obviously other brokers have not allowed free trade of GVRP today. While I have never compared their brokerage agreements I assume they are virtually identical in terms to Ameritrade. Yet Ameritrade posted the shares and freely allows their trade. I find it hard to believe they did not consider the ramifications of their actions, determine they were OK and allowed the trading. If not, the easy way out was to merely tie up trading like the other brokerages.
 
Posted by Purl Gurl on :
 
Elite, I have a spell checker over at the
elite IH boards. I am pleased he makes himself
available to me on a daily basis. He catches
my spelling errors for me, publically informs
me, and all learn better spelling.

Today's word: tortuous.

I misspelled it torturous. However, this is the
first time in my life I have used that word.
Now I know how to spell that word correctly,
thanks to my spell checker who sits over at
the IH board just waiting for one of my posts.
He is a dependable spell checker and works
for free.

Elite, simply annoy someone here and you are
bound to have a spell checker who will check
each and every word of yours, with baited breath.

Those people have nothing better to do; you will
being do him a favor, giving him a purpose in life.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Keith presents a defense,

"Doing ok in my predictions so far"

Keith, don't be sensitive! There is no room
for a sensitive ego during legal arguments.

Yes, you do very well, and that is sincere.
My prior compliments are just as sincere.

I have found, during my measly life, when you
get to bragging, life craps in your hand.

Purl Gurl

LOL not bragging enjoying the moment, i don't really even care about this current argument, i posted my thought and that was it.

I think if the company goes bankrupt they lose more than going after the TA my research over the last week leads me to believe they have a case against the TA. i could be wrong just my thought.

Sorry my poor attempt at humor brought out your ire. I have nothing to brag about, some people made money and thanked me, i like that, makes me happy. As for me, haven't made a dime yet.

I've spent a lot of time reading about this case and i'm still holding my almost 2 bill, again, that is what i think the right choice is, me, I.
Time will tell soon enough.
 
Posted by Purl Gurl on :
 
She said, "being do him"

Aha! Purl Gurl is stupid, stupid, STUPID!

I told you she is stupid and not to be trusted.

Spell Checker
 
Posted by Purl Gurl on :
 
"Sorry my poor attempt at humor brought out your ire."

Knock it off, Keith! No reason to apologize. You
are simply witnessing my cold calculating side.

At times, I can be intensely serious.

You did not raise my ire. There will be no mistaking
my ire, if you do raise it.

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
"Sorry my poor attempt at humor brought out your ire."

Knock it off, Keith! No reason to apologize. You
are simply witnessing my cold calculating side.

At times, I can be intensely serious.

You did not raise my ire. There will be no mistaking
my ire, if you do raise it.

Purl Gurl

purl, you always give me a rise [Big Grin]

i was just being obnoxious, its what I do.
 
Posted by Purl Gurl on :
 
I understand men being obnoxious, Keith. That is
one of the sad side effects of age old classic
Terminal Testosterone Poisoning.
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
I understand men being obnoxious, Keith. That is
one of the sad side effects of age old classic
Terminal Testosterone Poisoning.

I like that TTP
 
Posted by elitedb on :
 
Purl,

My spelling is actually much better than my typing. But I guess I know I am read if I get my own spellchecker too. Congratulations on yours.

Also, I very much agree with your points regarding paying small sums to avoid litigation. My company pays small claims all the time rather than bother the insurance company. Thus each week we cut a few $20-100 checks for broken mirrors and the such from our blasting operations. But, we fight every bogus claim seeking real money.

The cost of litigation is in fact a major consideration in paying claims and in pricing settlements. Many nuisance claims are settled just for those reasons and the value of a nuisance claim is higher today than at any time because of the cost of litigation.

In this situation, the potential riches far exceed the costs of litigation and thus my reasoning and lack of any major concern in my position.

But, I actually really doubt that the MM's will reach up and take my shares tommorrow but if they do I will gladly take my funds and use part for my WSOP vacation.

Rich
 
Posted by elitedb on :
 
Dishgal, thanks for the stars!
 
Posted by <Trader88> on :
 
It appears that their first PR was right on target: GLUV Corp. did enter into the entertainment industry (in a big way)
 
Posted by Purl Gurl on :
 
My prediction, .0003 on Friday market close.

Elite, I plan to start selling on Thursday
morning. If the split shares are not there,
Etrade will raise my ire.

Rationalizing as you and Keith do so well, I figure
if Etrade dumps shares into my account after the
final settlement date, those are covered shares.

* crosses her fingers *

At some point, all of us have to step up and take
the risk. If you are not selling, you are not
making money.
 
Posted by TampaInvester on :
 
i called scottrade national center. They said that the shares would show up in my account once the transfer agent delivers it but my question is the transfer agent ever going to deliver it?
they said it takes 2 days to deliver
 
Posted by keithsan on :
 
they HAVE TO BE IN YOUR ACCOUNT BY THE 25th. thats the bill dues date.
 
Posted by jps72 on :
 
I spoke to Etarde about the date (the 25th)..
the answer: "..All I can say is 2-3 days sir.."
by the way GTE will be listed in AM on Etrade if anyone didnt already know.
 
Posted by jps72 on :
 
ooops.. i meant Etards both times.
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Purl Gurl:
I understand men being obnoxious, Keith. That is
one of the sad side effects of age old classic
Terminal Testosterone Poisoning.

I like that TTP
it also causes the hair to fall out

 -

ahhhh i have grazed, and now i will ruminate
 
Posted by keithsan on :
 
quote:
Originally posted by jps72:
I spoke to Etarde about the date (the 25th)..
the answer: "..All I can say is 2-3 days sir.."
by the way GTE will be listed in AM on Etrade if anyone didnt already know.

that would be 2 days, there can be legal issues if not there, not sure what those legal issues are, or how serious. But thats the rule, you earn em on ex date and they have to give by due date. (also a lot of times these brokers are IDIOTS when it comes to trading rules)
 
Posted by jps72 on :
 
rather have the shares than the legal issues..
 
Posted by glassman on :
 
my branch manager today claimed not to know what the SHO list is...

that's when i started to get irritated with him.....
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
my branch manager today claimed not to know what the SHO list is...

that's when i started to get irritated with him.....

your broker sucks btw.
 
Posted by glassman on :
 
which one? all of 'em? [Big Grin]

this one was not my "human" broker, so they all have the same story don't they?
 
Posted by jps72 on :
 
Etrade had me on hold re:1,500,125 shares for 20 minutes before coming back and saying I purchased (shares) after the split and therefore would NOT be getting the split....

"oh, wait..you mean on the 125?..." DUH
 
Posted by pcloadletter on :
 
Ok....back to the computer.

Been on the phone with wellsfargo most of the morning. End result:

Shares are in my account.

Was told I can sell at any time but only in blocks of less than 10,000,000.

If the trade cleared, money was mine.

Very helpful people there.
 
Posted by Purl Gurl on :
 
Treat as RUMOR,

Posted by: Luckyd0g
In reply to: None
Date:5/23/2005 7:43:59 PM

Here is what E-Trade says about liability of not being able to product the shares need for a short: "If E*TRADE Securities is or subsequently becomes unable to borrow the security that I have sold short, I will be subject to a "buy-in," meaning that E*TRADE Securities may repurchase the security on the open market to cover the short position, and I will be liable for any resulting Losses."

Remember this is from the E-Trade Agreement and may not be the same as the one you signed.

Here is the entiter section from the E-Trade Agreement:

(h) Sales and Short Sales....
 
Posted by Raptorsrule on :
 
PG...I would think that applies "
fer sure" to margin accounts.....

LOL...AMERITRADE RULES!
 
Posted by TampaInvester on :
 
quote:
Originally posted by keithsan:
they HAVE TO BE IN YOUR ACCOUNT BY THE 25th. thats the bill dues date.

ok sir, just assure me that it won't be too late [Smile] , all this confusion is too much to handle
 
Posted by jps72 on :
 
Does any one know, or is it even posssible to find out if the DTC has delivered the shares to Etrade?
 
Posted by keithsan on :
 
quote:
Originally posted by TampaInvester:
quote:
Originally posted by keithsan:
they HAVE TO BE IN YOUR ACCOUNT BY THE 25th. thats the bill dues date.

ok sir, just assure me that it won't be too late [Smile] , all this confusion is too much to handle
WEDS day will be the start, i think the delay will make you money.
 
Posted by Purl Gurl on :
 
Tampa, if it could be assured those shares won't be
late, there would be no need for a SHO short list.

Work at not chewing your nails down to the first
knuckle. That makes for a bloody mess.

* returns to nail chewing *
 
Posted by Purl Gurl on :
 
Keith, almost all buys were at .0001 today. It is
doubtful shares will sell below that this week.
Lots of buyers will be looking for .0002 or better.

I'm sticking with my .0003 by Friday.
 
Posted by glassman on :
 
one of the other things i have come across in every broker i have met is hubrus....

they seem to think they have some sort of knowledge about the integrity of Wall St....

you know, like it's not REALLY a pavement jungle or something....
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
one of the other things i have come across in every broker i have met is hubrus....

they seem to think they have some sort of knowledge about the integrity of Wall St....

you know, like it's not REALLY a pavement jungle or something....

There is no integrity in Wall St.....LOL..
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Keith, almost all buys were at .0001 today. It is
doubtful shares will sell below that this week.
Lots of buyers will be looking for .0002 or better.

I'm sticking with my .0003 by Friday.

Agreed, today was newbies and bidwhackers, soon it will be traders.
 
Posted by Purl Gurl on :
 
JHenry, I am still fretting over your family
wanting to buy a house.

If you don't mind, and I won't be offended if
you don't, how many pre-split shares did you
buy? Those are the shares last week, before
the split. Did you buy 100, 200, 500?

Purl Gurl
 
Posted by cruz on :
 
purl - how about 0.0005 by friday. too unreasonable?
 
Posted by glassman on :
 
i predict a lot of crying before this is over, but i doubt it will be any of us

the trading should be interesting.....
 
Posted by Purl Gurl on :
 
Cruz, .0005 by Friday? No, the markets do exactly
what I tell them to do; .0003 on Friday.

Glassman, Bozo doesn't cry.
 
Posted by keithsan on :
 
.0003 tomorrow. maybe 4 depends on open
 
Posted by glassman on :
 
no "Tears of a Clown" ?
 
Posted by Purl Gurl on :
 
I still don't think any of this is real.

On paper, and I know others are doing much better,
but on paper, at .0001 I am up $30,000 big ones.

That cannot be real.
 
Posted by Purl Gurl on :
 
Glassman, will you cry if this stock hits .01 per?
 
Posted by glassman on :
 
i watch antiques roadshow.... i've seen stranger, but not in stocks.....
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Glassman, will you cry if this stock hits .01 per?

would you like me to? [Razz]
 
Posted by Purl Gurl on :
 
If this hits .01 I expect you to scream.
 
Posted by glassman on :
 
i have no expectations...... but i will scream if it hits .01....

i was looking back at the beginning of the thread..i didn't really expect the split to happen....it's all gravy...
 
Posted by Purl Gurl on :
 
Boys don't scream. Boys holler.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
i have no expectations...... but i will scream if it hits .01....

i was looking back at the beginning of the thread..i didn't really expect the split to happen....it's all gravy...

wheres the trust...........
 
Posted by vg on :
 
If it goes up to .01 I'm sending keith some commission
 
Posted by Purl Gurl on :
 
"i didn't really expect the split to happen"

The more this moves along, the more safe we are.

I'm listening to the Nightly Business Report.
Missed the first few minutes while hosing
myself off, but no mention of GVRP thus far.
 
Posted by glassman on :
 
i expected they would halt trading and cancel the trades last thurs or FRI in the morning.... it's not like this was super top secret....
 
Posted by <RebelYell> on :
 
quote:
predict a lot of crying before this is over, but i doubt it will be any of us

the trading should be interesting.....

I'm usually easily amused, but it has already been interesting to me. Think that it is going to get "more" interesting as it plays out. Didn't pick up trading shares today, but think I am going to try to pick up some in the morning. After today it looks like regulators are going to let it play out without interference.

PG You can be my spellchecker anytime.
 
Posted by glassman on :
 
i think you are making a good bet on that rebel...
 
Posted by vg on :
 
Anyone else buying or is everyone just sitting on what they have
 
Posted by keithsan on :
 
trading this will be very good, remember .0002 to 3 is 50% profits.
 
Posted by George on :
 
quote:
Originally posted by vg:
Anyone else buying or is everyone just sitting on what they have

I picked up another 400,000 today. I put my order in at .0002 and they filled it at .0001
 
Posted by Purl Gurl on :
 
After searching for a week, I found a picture
of the CEO of GLUV,

 -
 
Posted by dishgal1 on :
 
Folks, I am exhausted...... My nerves have been in a knot all day. Trouble is, I don't think I'll be able to sleep tonight. LOL

Does anyone else feel they have done a hard day's work? LOL At least it paid well.
 
Posted by dishgal1 on :
 
Forget my nerves Purl....can you imagine what his nerves feel like ? LOL TOO FUNNY!
 
Posted by Purl Gurl on :
 
Hey, you only have to handle this stress for a
few more days. Piece of cake.

* yanks another lock of her hair out *

Piece of cake.
 
Posted by Purl Gurl on :
 
I've been checking news sources, SEC, online
financial sites, didn't find anything new
on this stock.

Split is in effect.
Day one is down.
Acceptable prices.
Excellent volume.

Bet you thought Monday would never arrive and
here we are, looking to Tuesday.
 
Posted by cruz on :
 
let the good times roll. play it for me purl.
 
Posted by vg on :
 
we'll soom be looking t next monday .001
 
Posted by glassman on :
 
yes, i do feel, well....ALIVE
 
Posted by Raptorsrule on :
 
let the good times roll.....the cars....those were the days... [Smile]
 
Posted by cruz on :
 
yes raptor - yes.
 
Posted by jps72 on :
 
anybody know record volume on any pinks?
fyi- nyse total volume 07-02 2,813,400,000
 
Posted by JHenry on :
 
glassman - Scottrade keeps telling us they have no info on the split. I believe they are just holding onto the shares themselves until the last possible minute to avoid any extra work for themselves. As long as they keep telling us they don't know anything then that's as far as they have to go with questions. I believe now they will release the shares on Wednesday as long as everything is still ok i.e. no trading halt ect. If you look on Scottrade under GVRP splits it shows up:
Ratio: 36472.56576
Shares Before: 1
Split After: 3000000
Ex Date: 5/23/2005
Declare Date: 0/0/0
Record Date: 2/20/2003
Payment Date: 2/20/2003
Comments: DUE BILLS REDEEMABLE 5/25/05
Scottrade has the info they just don't want to tell us they have the shares.
 
Posted by George on :
 
quote:
Originally posted by JHenry:
glassman - Scottrade keeps telling us they have no info on the split. I believe they are just holding onto the shares themselves until the last possible minute to avoid any extra work for themselves. As long as they keep telling us they don't know anything then that's as far as they have to go with questions. I believe now they will release the shares on Wednesday as long as everything is still ok i.e. no trading halt ect. If you look on Scottrade under GVRP splits it shows up:
Ratio: 36472.56576
Shares Before: 1
Split After: 3000000
Ex Date: 5/23/2005
Declare Date: 0/0/0
Record Date: 2/20/2003
Payment Date: 2/20/2003
Comments: DUE BILLS REDEEMABLE 5/25/05
Scottrade has the info they just don't want to tell us they have the shares.

Thats what my local guy told me today...No info on a split. Now the website is down. Where did you find the split info?
 
Posted by Purl Gurl on :
 
Today has to be a historical record.

They will perform a reverse split very soon.

This is my logic.

GVRP failed to secure a trading halt today. The
split has been effected and billions in volume
trade. Too late to unwind. They have enough
shares, post-split, to cover last weeks sells.
They cannot have trillions of shares out.

GVRP will accumulate enough shares to be left
with thirty-three-million, or so, after a
reverse split.

However, they will have to wait until all
trades are settled to cure short positions.

This suggests GVRP will be in competition with
market makers and traders to accumulate shares.
 
Posted by dishgal1 on :
 
DUE BILLS REDEEMABLE 5/25/05

This date= Wed.....are they saying you can't redeem them until Wed?
 
Posted by JHenry on :
 
Right on scottrade's quote page. I have it up right now.
 
Posted by JHenry on :
 
I believe Scottrade has them but won't release them to us until 5/25 - that is my cuuent belief.
 
Posted by jps72 on :
 
if these shares sow up in sctrd and etrade on wed, are we then free to trade without threat of
reversal or what ever else. able to exchange freely?
 
Posted by glassman on :
 
they say they do not have the confirmation from the DTCC.... we'll get 'em..... they did the same with GTE
it's just frustrating because of the uncertatinty about the split and how the co. will cope with this...

i am not comfortable, but, the way it traded today was what i was hoping for, volume and movement in PPS....there is too much money tied up in this to pullthe plug now IMO....
 
Posted by cruz on :
 
How long do you think they have to wait? I was thinking trillions shares out and they have a long way to go yet. Most of today's volume could be new buys.

quote:
Originally posted by Purl Gurl:
Today has to be a historical record.

They will perform a reverse split very soon.

This is my logic.

GVRP failed to secure a trading halt today. The
split has been effected and billions in volume
trade. Too late to unwind. They have enough
shares, post-split, to cover last weeks sells.
They cannot have trillions of shares out.

GVRP will accumulate enough shares to be left
with thirty-three-million, or so, after a
reverse split.

However, they will have to wait until all
trades are settled to cure short positions.

This suggests GVRP will be in competition with
market makers and traders to accumulate shares.


 
Posted by glassman on :
 
quote:
Originally posted by jps72:
if these shares sow up in sctrd and etrade on wed, are we then free to trade without threat of
reversal or what ever else. able to exchange freely?

that is the way it was explained to me....they are "protecting" us
 
Posted by glassman on :
 
Purl, why would they RS?

they can make a lot more money trading this way....
 
Posted by JHenry on :
 
That's a laugh - they are only protecting themselves and don't give a s**t about us.
 
Posted by Purl Gurl on :
 
jps, when split shares show up in your account,
after twelve Wednesday, it is safer to trade.
This does not mean something won't go wrong.

Catch point,

"They have enough shares, post-split"

If they sold their eleven shares and have none,
which I don't think is the case, they only need
to accumulate enough to cover shorts, then work
on accumulation to effect a reverse split.
 
Posted by jps72 on :
 
Only from myself I presume..thanks for the reply.
By the way, I only started trading because I promised my wife I would not gamble in/on online casinos. What are the odds?
 
Posted by Purl Gurl on :
 
Glassman, of course I am only rationalizing like
everyone else, trying to predict the future, which
is very dangerous.

Occam's Razor, reduce it to the most simple terms.

I am rationalizing based on GVRP taking the path
of least resistance and least cost.

Why would they reverse split? They cannot afford
to have a public float in the trillions. That is
simply too big and prices will always be sub-penny
with no volatility.

Easiest path is to accumulate shares to a number
which will allow a desired amount after effecting
a reverse split.
 
Posted by Purl Gurl on :
 
jps, odds are what you make them. The more effort
you invest into learning, research and such, the
better your odds. Even so, your odds suck.

We are at a typical par value now, .0001 per.

GVRP might be satisfied to accumulate at par.
 
Posted by jps72 on :
 
purl- although i am just a few hundred levels below 'novice' in the pennies, I bought a few million more today (0001), figured make it harder for them to accumulate. CMK (CMKI?-dont know the story) guys must be buying by now..
also- thx for the reply...

ETRADER IN WAITING...WAITING
 
Posted by Purl Gurl on :
 
jps, being new to trading, you will lose a lot
of money. That loss will inspire you to either
learn or leave.

Loss of money creates a self-correcting decision.

Lose all of your money or learn. Only choice.
 
Posted by dishgal1 on :
 
By the way, I only started trading because I promised my wife I would not gamble in/on online casinos.

JPS ......Do you play the ponies? I do that online.
 
Posted by BuyTex on :
 
quote:
Originally posted by jps72:
if these shares sow up in sctrd and etrade on wed, are we then free to trade without threat of
reversal or what ever else. able to exchange freely?

when scottrade releases, imho and very novice opinion, the big dog barks. they are ultraconservative...
 
Posted by Raptorsrule on :
 
Dish!....quit contributing to the man's addiction...LOL
 
Posted by dishgal1 on :
 
JPS......What Purl says is so true. Don't listen to people on the RB Boards......someone pumping while they are dumping and someone bashing...listening to them will definitely cost you a lot of money.

When I started I listened to the "longs".......that is the way I thought you played stocks. WRONG! No one is long anymore no matter what they tell you.

GO with your gut feeling...and don't leave your ticker if you are playing the pennies. Best advice I can give you from past experience. That is the only way I have avoided losing money.
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
DUE BILLS REDEEMABLE 5/25/05

This date= Wed.....are they saying you can't redeem them until Wed?

they are not due to you till that date, on all options, but since you get them on ex date, some brokers give em out.
 
Posted by JHenry on :
 
Scottrade - server too busy
 
Posted by jps72 on :
 
Dish- I know less about ponies than I do about stocks...
 
Posted by George on :
 
I agree. They will have to do a R/S at some point to bring this back to a manageable level. But that will take time and I hope to see .0003-4 by the time they get my shares.
 
Posted by Purl Gurl on :
 
Long for me is about three months.

However, I have been holding ALMI for almost
two years, CLSI for the same. No other true
longs in my portfolio.

HOM might become a true long. HOM is doing
really good.

GVRP, holding till the end of this week, makes
me nervous. I would like to out today, for
a three business day hold.
 
Posted by dishgal1 on :
 
I play stocks during the day....play the ponies about 4 nights a week except this week. Too much fun on this thread. LOL

Go to casinos a couple times a month.....OMG.......I am addicted to gambling. LOL


PS I never play with more than I am willing to lose. That is my only saving grace. Thank God.
 
Posted by keithsan on :
 
quote:
Originally posted by George:
I agree. They will have to do a R/S at some point to bring this back to a manageable level. But that will take time and I hope to see .0003-4 by the time they get my shares.

RS talk right now is crap:

Here is why:

A: they have to finish the split first,
according to nasdaq dates.
B: then they have to file
C: it takes time

that is for right now, 3 weeks from now who knows.

P.s. they also need majority shares to RS, last i heard they sold their pre split shares [Smile]
 
Posted by Purl Gurl on :
 
I agree with you, George.

A reverse split seems a certainty, and it will
take a bit of time before GVRP is in a position
to do that. My presumption is they will do a
reverse split at earliest chance.

Our challenge is to get out quickly yet balance
the exit timing with maximizing profits.

I am still on selling a third this week, for profit,
another third or all remaining next week. The next
few days will provide a clue on how fast of an exit.
 
Posted by dishgal1 on :
 
Don't be too nervous Purl, I get that way myself but then I remember....we are in the same position that the pink sheet company is usually in when they are priming us for a dump.

The shoe is on the other foot this time actually.
 
Posted by TampaInvester on :
 
quote:
Originally posted by JHenry:
Scottrade - server too busy

It happens a lot with scottrade at night..Maybe they are updating the database so our shares show up tomorrow [Smile]
 
Posted by BuyTex on :
 
Purl, what was that language about "demand note" due bill date, etc? I'd like to send one to scottrade, even though it might be premature...
 
Posted by DOUBLE L on :
 
Stange how I check this thread every 15-20 min. You gotta love it. Let me tell you how I would play it if I were in. I would sell the hell out of it in all three brokers. Pull the cash asap and go to Mexico for a few years. Go visit uncle mitty or something come back in a few and see what went on. **** go to the islands where you can short and make some real money. Good luck guys.I just can't see the company even trying to buy back. Shells are to cheap.
 
Posted by dishgal1 on :
 
P.s. they also need majority shares to RS, last i heard they sold their pre split shares


Keith~
Gotta love it! You go guy!
 
Posted by Purl Gurl on :
 
Keith, my thoughts are not crap.

"3 weeks from now who knows."

A reverse split in three weeks would be fast,
maybe a little too soon. They need to accumulate
billions of shares to have a reasonable amount
left after a reverse split. Competition will be
or should be fierce while market makers and
traders work this for profit.

A value could be reached which will be too costly
for GVRP to accumulate. Many factors at play.

I would rather be out in the next three to ten
trading days.
 
Posted by George on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by George:
I agree. They will have to do a R/S at some point to bring this back to a manageable level. But that will take time and I hope to see .0003-4 by the time they get my shares.

RS talk right now is crap:

Here is why:

A: they have to finish the split first,
according to nasdaq dates.
B: then they have to file
C: it takes time

that is for right now, 3 weeks from now who knows.

P.s. they also need majority shares to RS, last i heard they sold their pre split shares [Smile]

It is not crap at all. It has to happen. But it will not be anytime soon. I do not want anyone to think I am trying to cause painic..Hell Scottrade still has my shares also. I am just looking ahead to help me make a plan.
 
Posted by keithsan on :
 
Purl, your discussing the RS today while newbies are deciding to buy or sell. After all this clears is time to discuss the next move post 10 days, i plan on holding a little longer.

this is interesting though:

By: walktowalk
23 May 2005, 09:00 PM EDT
Msg. 423 of 423
Jump to msg. #
Nice and cozy here. CEO is in toast oven. One from DigitalKids (DK) said CEO will buy back all NNS to keep his office open. GLUV Corp is not existed anymore (It's GVRP, DK). An insider with DK sold some of 11 M she received from hub through a trust fund. She didnt understand those shares were attached with F/S shares. Interwest TA put shares into the fund and thought no insider would sell it immediately, of courese they mixed up record date and ex split date. TA blamed the wife for selling too quick when the F/S shares had not been settled yet, but the wife shouted back that she had very right to do so as long as any stock was in her fund accordingly. Lawyers from both sides are arguing now to find a scapegoat. NASDAQ. OTCBB, and SEC cannot help them much cuz it was not market maker's mistake or sort of MM manipulation. The MM simply followed his client's sell order when he did see those shares in her fund. Who's fault? Who should pay for the mistake? Blame the smartazz investors? SEC is to start to investigate the company. They want to know all this company's history and CEO's dealing. The show just begins. JIMO

http://ragingbull.lycos.com/mboard/boards.cgi?board=GLVP&read=423
 
Posted by keithsan on :
 
quote:
Originally posted by George:
quote:
Originally posted by keithsan:
quote:
Originally posted by George:
I agree. They will have to do a R/S at some point to bring this back to a manageable level. But that will take time and I hope to see .0003-4 by the time they get my shares.

RS talk right now is crap:

Here is why:

A: they have to finish the split first,
according to nasdaq dates.
B: then they have to file
C: it takes time

that is for right now, 3 weeks from now who knows.

P.s. they also need majority shares to RS, last i heard they sold their pre split shares [Smile]

It is not crap at all. It has to happen. But it will not be anytime soon. I do not want anyone to think I am trying to cause painic..Hell Scottrade still has my shares also. I am just looking ahead to help me make a plan.
yes right now this TALK IS CRAP, it won't happen before you get your shares or for a week after, I know that, but others don't.
 
Posted by Purl Gurl on :
 
Tex, at high noon Wednesday, you call your broker
and ask that broker to place a "demand to settle"
with the seller or sellers.

In a nutshell, SEC rules state shorts must be
settled in three business days. I believe the
count runs from noon-to-noon on those days.

Tell your broker you want your split shares, and
if not there, you want a demand to settle.

A demand to settle is a notice, "I want my shares."
 
Posted by <Trader88> on :
 
quote:
Originally posted by DOUBLE L:
I just can't see the company even trying to buy back. Shells are to cheap.

They have to; they shorted the shares its not an "option".
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
Purl, your discussing the RS today while newbies are deciding to buy or sell. After all this clears is time to discuss the next move post 10 days, i plan on holding a little longer.

this is interesting though:

By: walktowalk
23 May 2005, 09:00 PM EDT
Msg. 423 of 423
Jump to msg. #
Nice and cozy here. CEO is in toast oven. One from DigitalKids (DK) said CEO will buy back all NNS to keep his office open. GLUV Corp is not existed anymore (It's GVRP, DK). An insider with DK sold some of 11 M she received from hub through a trust fund. She didnt understand those shares were attached with F/S shares. Interwest TA put shares into the fund and thought no insider would sell it immediately, of courese they mixed up record date and ex split date. TA blamed the wife for selling too quick when the F/S shares had not been settled yet, but the wife shouted back that she had very right to do so as long as any stock was in her fund accordingly. Lawyers from both sides are arguing now to find a scapegoat. NASDAQ. OTCBB, and SEC cannot help them much cuz it was not market maker's mistake or sort of MM manipulation. The MM simply followed his client's sell order when he did see those shares in her fund. Who's fault? Who should pay for the mistake? Blame the smartazz investors? SEC is to start to investigate the company. They want to know all this company's history and CEO's dealing. The show just begins. JIMO

http://ragingbull.lycos.com/mboard/boards.cgi?board=GLVP&read=423

here is trust #'s courtesy of JIM at IHUB

Contact: Lanier Davenport former I guess, Chairman of GLUV Corp. 706-645-9410
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Tex, at high noon Wednesday, you call your broker
and ask that broker to place a "demand to settle"
with the seller or sellers.

In a nutshell, SEC rules state shorts must be
settled in three business days. I believe the
count runs from noon-to-noon on those days.

Tell your broker you want your split shares, and
if not there, you want a demand to settle.

A demand to settle is a notice, "I want my shares."

most excellent, leads-when-dancing-with-wolves...
 
Posted by keithsan on :
 
check trades, mine are good , rumors of bust.
 
Posted by JHenry on :
 
George - (I'm in the new platform)enter GVRP into Detailed Quote - goto More Research - click on the dropdown box and select splits. I didn't know if you saw it yet. It is extremely hard to move around Scottrade right now and I'm on one of the best servers in the country.
 
Posted by Purl Gurl on :
 
"yes right now this TALK IS CRAP"

Keith, I suggest you go take a crap and
get over yourself.

A coyote never takes itself seriously.
I am a coyote.

Newbies and pros alike, can fend for themselves.

However, I also value opinions of others and I
will discuss, and will listen to what others
are thinking. At no time, will I simply dismiss
discussion nor opinions. I want to increase my
chances of profit and increase my profits. Others
here will help me do that, as I will help them.

I don't take myself so seriously to believe there
is no need to not listen to others.

I am smart, and smart enough to know the value
of teamwork discussion. I value this team, here.

Now, go take that crap.

Purl Gurl
 
Posted by glassman on :
 
do we need a time out children?
 
Posted by George on :
 
quote:
Originally posted by JHenry:
George - (I'm in the new platform)enter GVRP into Detailed Quote - goto More Research - click on the dropdown box and select splits. I didn't know if you saw it yet. It is extremely hard to move around Scottrade right now and I'm on one of the best servers in the country.

Thanks. That helps. I am trying but it is real slow. I want to check out GTEL also.
 
Posted by keithsan on :
 
Purl with minimum amount of dd you can find that this company RS'd 5 times. will they do so again to get their 33 million shares? maybe.

as you told me early not to predict, take your advice. I was taking your advice, I heard what you said, didn't like it and responded and stated why.

you feel that newbies should fend themselves, ok. Thats you, i disagree.

Everything is a discussion unless someoned disagrees with Purl, I'm wondering why the hostility. just trying to dd, and feel RS discussion is premature.
 
Posted by TampaInvester on :
 
quote:
Originally posted by George:
quote:
Originally posted by JHenry:
George - (I'm in the new platform)enter GVRP into Detailed Quote - goto More Research - click on the dropdown box and select splits. I didn't know if you saw it yet. It is extremely hard to move around Scottrade right now and I'm on one of the best servers in the country.

Thanks. That helps. I am trying but it is real slow. I want to check out GTEL also.
Thanks..I am able to see it now
 
Posted by SHARK357 on :
 
Scottrade: Previously Canceled Orders

Orders in the following, have been canceled due to stock splits.


Effective After Market Close Symbol Split
05/19/05 AICX 1:4 reverse split
05/19/05 BBSI 3:2
05/19/05 MUCL 1:5 reverse split
-------- -------- --------
05/18/05 FRBK 12% stock dividend
05/18/05 MCO 2:1
05/18/05 MGM 2:1
-------- -------- --------
05/17/05 GKIG 1:200 reverse split
05/17/05 MHP 2:1
05/17/05 NXY 2:1
-------- -------- --------
05/16/05 CHPIE 1:30 reverse split
05/16/05 FTBK 3:2
05/16/05 TWW 1:10 reverse split
05/17/05 UNQT 7:1
-------- -------- --------
05/13/05 BAK 2:1
05/13/05 CPRD 1:100 reverse split
05/13/05 GXXL 1:1,000 reverse split
05/13/05 ISFB 1:500 reverse split
05/13/05 MYCO 1:10 reverse split
05/13/05 PBCT 3:2
05/13/05 SDBK 3:2
05/13/05 STZ 2:1
-------- -------- --------
05/11/05 BIGN 10:1
05/11/05 CHE 2:1
05/11/05 GLVP 1:6,500,000 reverse split
05/11/05 HUBG 2:1
05/11/05 ZQK 2:1
-------- -------- --------
05/10/05 EGWM 1:500 reverse split
05/10/05 GRTH 15% stock dividend
-------- -------- --------
05/09/05 ADCT 1:7 reverse split
05/09/05 DAIEY 1:10 reverse split
05/09/05 PLTI 7:1
05/09/05 UPL 2:1
05/09/05 VCBI 5:4
-------- -------- --------
05/06/05 GNTX 2:1
05/06/05 JRIV 1:2000 reverse split
05/06/05 MCBC 15% stock dividend
-------- -------- --------
05/04/05 CCBC 1:10 reverse split
05/04/05 FTHR 3:2
05/04/05 PHMF 1:20 reverse split
-------- -------- --------
05/03/05 VLY 5% stock dividend
-------- -------- --------
05/02/05 MWEX 1:50 reverse split
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
do we need a time out children?

suggestion:

synopsis recap, highlights, to be added to and BUMPED, for review in the am w/o re-reading the thread...
 
Posted by cruz on :
 
did i miss something - rumors of bust?

quote:
Originally posted by keithsan:
check trades, mine are good , rumors of bust.


 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
did i miss something - rumors of bust?

quote:
Originally posted by keithsan:
check trades, mine are good , rumors of bust.


exactly as i said, rumors! mytrack guy says so, don't know him for squat. mine are all good.
 
Posted by glassman on :
 
quote:
Originally posted by SHARK357:
Scottrade: Previously Canceled Orders

Orders in the following, have been canceled due to stock splits.


Effective After Market Close Symbol Split
05/19/05 AICX 1:4 reverse split
05/19/05 BBSI 3:2
05/19/05 MUCL 1:5 reverse split
-------- -------- --------
05/18/05 FRBK 12% stock dividend
05/18/05 MCO 2:1
05/18/05 MGM 2:1
-------- -------- --------
05/17/05 GKIG 1:200 reverse split
05/17/05 MHP 2:1
05/17/05 NXY 2:1
-------- -------- --------
05/16/05 CHPIE 1:30 reverse split
05/16/05 FTBK 3:2
05/16/05 TWW 1:10 reverse split
05/17/05 UNQT 7:1
-------- -------- --------
05/13/05 BAK 2:1
05/13/05 CPRD 1:100 reverse split
05/13/05 GXXL 1:1,000 reverse split
05/13/05 ISFB 1:500 reverse split
05/13/05 MYCO 1:10 reverse split
05/13/05 PBCT 3:2
05/13/05 SDBK 3:2
05/13/05 STZ 2:1
-------- -------- --------
05/11/05 BIGN 10:1
05/11/05 CHE 2:1
05/11/05 GLVP 1:6,500,000 reverse split
05/11/05 HUBG 2:1
05/11/05 ZQK 2:1
-------- -------- --------
05/10/05 EGWM 1:500 reverse split
05/10/05 GRTH 15% stock dividend
-------- -------- --------
05/09/05 ADCT 1:7 reverse split
05/09/05 DAIEY 1:10 reverse split
05/09/05 PLTI 7:1
05/09/05 UPL 2:1
05/09/05 VCBI 5:4
-------- -------- --------
05/06/05 GNTX 2:1
05/06/05 JRIV 1:2000 reverse split
05/06/05 MCBC 15% stock dividend
-------- -------- --------
05/04/05 CCBC 1:10 reverse split
05/04/05 FTHR 3:2
05/04/05 PHMF 1:20 reverse split
-------- -------- --------
05/03/05 VLY 5% stock dividend
-------- -------- --------
05/02/05 MWEX 1:50 reverse split

OK shark, those are buy or sell limit orders that have been placed by traders they are NOT trades canceled...


this happens whenever there is a split...
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Purl Gurl:
Long for me is about three months.

However, I have been holding ALMI for almost
two years, CLSI for the same. No other true
longs in my portfolio.

HOM might become a true long. HOM is doing
really good.

GVRP, holding till the end of this week, makes
me nervous. I would like to out today, for
a three business day hold.

Purl....MVIS is an excellent long position IMHO.check them out...I posted them at 4.43..I owned CKCM at 1.65 and just knew it was a long...in the end.....I sold in he sixes out of greed and fear....Look at them today..just six months later....point is...long positions are a rare breed when you find them...stick with them....but....always remember to CYA.....this play...hey....it is what it is....make the most of it...we only live once....and after all...they can't eat us....LOL
 
Posted by Purl Gurl on :
 
"I'm wondering why the hostility..."

Easy, Keith. You are being deliberately insulting.

I do not cotton much to those who make use of
terms like "crap." The term serves only one
purpose which is to insult.
 
Posted by keithsan on :
 
dont flatter yourself,
deliberately LOL

insulting, join the club
 
Posted by keithsan on :
 
Heads up,

just tried to place a buy order and it wasn't accepted.

I use ameritrade.
 
Posted by cruz on :
 
keithsan - don't fire our secretary of treasurer [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
Heads up,

just tried to place a buy order and it wasn't accepted.

I use ameritrade.

could be an issue for the am,

anyone want to try their brokers.
 
Posted by jps72 on :
 
etarde..not accepting online buy order either..
 
Posted by keithsan on :
 
i'll try again in the am, but no news out yet
 
Posted by glassman on :
 
everybody take a deep breath and relax yourselves...

XANAX optional.... [Big Grin]
 
Posted by George on :
 
quote:
Originally posted by SHARK357:
Scottrade: Previously Canceled Orders

Orders in the following, have been canceled due to stock splits.


Effective After Market Close Symbol Split
05/19/05 AICX 1:4 reverse split
05/19/05 BBSI 3:2
05/19/05 MUCL 1:5 reverse split
-------- -------- --------
05/18/05 FRBK 12% stock dividend
05/18/05 MCO 2:1
05/18/05 MGM 2:1
-------- -------- --------
05/17/05 GKIG 1:200 reverse split
05/17/05 MHP 2:1
05/17/05 NXY 2:1
-------- -------- --------
05/16/05 CHPIE 1:30 reverse split
05/16/05 FTBK 3:2
05/16/05 TWW 1:10 reverse split

Those are to cancel pending orders during a split. Has nothing to do with this case. You will even see on the list where they did the 6,500,000 R/S. The splits were not canceled but pending buys and sells were canceled.
 
Posted by *Magnetic*Microspheres* on :
 
I need a refreshing streamer of the posts on this thread just to keep up....
 
Posted by jps72 on :
 
Glass....etrader...xanax was hours ago...
 
Posted by cruz on :
 
thanks for the heads up! just tried it too - rejected it. i use ameritrade.

quote:
Originally posted by keithsan:
Heads up,

just tried to place a buy order and it wasn't accepted.

I use ameritrade.


 
Posted by George on :
 
see you in the am....
 
Posted by glassman on :
 
from Scottrade:

Clearing Restrictions

Scottrade has set restrictions on the following securities due to clearing restrictions:

No Buys/Sells Only
No Buys & No Sells

ORSTF DTSN#
.CVLUN GDTX#
CMKX BTYHX
INOV# TSFYV#
TRZA# IPPLF
MSMC#
IVCO
SEIH
UGMI
HPON
GMZC#
.AFPUN
GRDL
USCI
.FCEUN
.TPWUN
.TPLUN
AWHB
CESY
INCA
.AIUN
RVNM
AFRD
.IPLUN
.TAYUN

No Buys/Sells Only - You cannot place buy orders on this security. Only sell orders can be placed.

No Buys & No Sells - You cannot place either buy or sell orders on this security.


this list is from today our stock is not on it .....
 
Posted by DirtyDealer1123 on :
 
Dont forget to have some TEQUILLIA with that xanax, seems to make it work quicker.
 
Posted by keithsan on :
 
try a buy, G then cancel
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
from Scottrade:

Clearing Restrictions

Scottrade has set restrictions on the following securities due to clearing restrictions:

No Buys/Sells Only
No Buys & No Sells

ORSTF DTSN#
.CVLUN GDTX#
CMKX BTYHX
INOV# TSFYV#
TRZA# IPPLF
MSMC#
IVCO
SEIH
UGMI
HPON
GMZC#
.AFPUN
GRDL
USCI
.FCEUN
.TPWUN
.TPLUN
AWHB
CESY
INCA
.AIUN
RVNM
AFRD
.IPLUN
.TAYUN

No Buys/Sells Only - You cannot place buy orders on this security. Only sell orders can be placed.

No Buys & No Sells - You cannot place either buy or sell orders on this security.


this list is from today our stock is not on it .....

good stuff, glasser (bump, for the ST'ers)
 
Posted by keithsan on :
 
So far ameritrade not taking buys but it took a 5.00 sell?
 
Posted by glassman on :
 
OK i also looked thru that post from RB and this stuck out.....


An insider with DK sold some of 11 M she received from hub through a trust fund. She didnt understand those shares were attached with F/S shares.

if she had 11 million shares? then they had planned a much bigger OS than 33 million...
RIGHT?


discount this data (at this point) and chill....
 
Posted by elitedb on :
 
Ameritrade took 9 different sell orders from me ranging from .0004 all the way to $10.00. Didn't complain until the last sale had too many zeros in the shares and then told me I did not have enough shares in the account for the sale.
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
So far ameritrade not taking buys but it took a 5.00 sell?

common restriction, you can sell but can't buy.... .0001 was fantastic last week? RIGHT?????
 
Posted by Raptorsrule on :
 
Keith.....just to test the system I placed a sell for 50mill at .0003 through ameritrade....No problem...

I also placed a buy for 1 mill at .0001....got this:

"Opening transactions for this security are not accepted".

I would think this now confirms that all brokerages have been informed of the circumstances surrounding GVRP....

to use your words...."shes gonna move"...

I plan on being out of this...this week....for about .0005!
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
OK i also looked thru that post from RB and this stuck out.....


An insider with DK sold some of 11 M she received from hub through a trust fund. She didnt understand those shares were attached with F/S shares.

if she had 11 million shares? then they had planned a much bigger OS than 33 million...
RIGHT?


discount this data (at this point) and chill....

bummer, that woulda been great for us, i got the quot and the number to the fund above, maybe i'll call in the am....

LOL my wife LOL
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by keithsan:
So far ameritrade not taking buys but it took a 5.00 sell?

common restriction, you can sell but can't buy.... .0001 was fantastic last week? RIGHT?????
you lost me, whats the common restriction? I've never tried a buy at night so probably means nothing but...just preparing for the am.
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
Keith.....just to test the system I placed a sell for 50mill at .0003 through ameritrade....No problem...

I also placed a buy for 1 mill at .0001....got this:

"Opening transactions for this security are not accepted".

I would think this now confirms that all brokerages have been informed of the circumstances surrounding GVRP....

to use your words...."shes gonna move"...

I plan on being out of this...this week....for about .0005!

Bump cuz rapts got a plan and i agree with the price.
 
Posted by <RebelYell> on :
 
Put in 3M buy @.0001 at Scottrade.
 
Posted by keithsan on :
 
quote:
Originally posted by <RebelYell>:
Put in 3M buy @.0001 at Scottrade.

so ameritrade only, i'm assuming scottrade was buying selling today, etrade was.

...i'm just overthinking now, it is what it is in the morning. My play is the same unless they don't let me make it!
 
Posted by keithsan on :
 
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
 
Posted by <RebelYell> on :
 
LOL. I can buy but not sell. Not sure that's the position that I want to be in here.
 
Posted by greatimes on :
 
Does everyone have the split shares but me now ?
 
Posted by Raptorsrule on :
 
rebel....not sure I follow....what we said was you can sell but not buy....quite a big difference........
 
Posted by glassman on :
 
quote:
Originally posted by <RebelYell>:
Put in 3M buy @.0001 at Scottrade.

if scottrade is accepting BUY orders? then all is well as of now....
they commonly will let you sell a stock that has clearing problems (like cmkx) but they won't let you buy them......


everybody try to relax.... [Big Grin]
 
Posted by <Trader88> on :
 
I just got a "confirmation" message in my email confirming my sell today. Seems a bit late. Does anyone here using Ameritrade get them so late, you think that's normal? My first thought was, "oh, that's a good sign" (that it wont get busted). Just never really noticed when I got confirmations before if they ever came in this late at night. Maybe it's due to the "special situation" here???
 
Posted by glassman on :
 
quote:
Originally posted by greatimes:
Does everyone have the split shares but me now ?

NO i don't have my dividend yet either.... [Roll Eyes]
 
Posted by Raptorsrule on :
 
[Smile]
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Raptorsrule:
Good night all....I'm going to try to get some zzzs....  -

tomorrow...we kick some a$$...LOL


 
Posted by greatimes on :
 
Glassman... Thank you for the response.
 
Posted by <RebelYell> on :
 
quote:
rebel....not sure I follow....what we said was you can sell but not buy....quite a big difference........

I can enter a buy at Scottrade. They still don't have the dividend shares.

Spent a little time on the phone with my broker after close today. His opinion was that trading would be halted and all trades reversed. If not he said that some people were going to make a lot of money and some people were going to lose a lot of money. I already knew that LOL. According to him, I can sell the undelivered shares up to the equivalent amount of my margin. I would be responsible for any failure to deliver.

I ain't playing that game. Selling short into a short sqeeze just don't sound like the right thing to do here. Remember, there are some big sharks out there in this pond.

Anyway I wait to due date to see if they are delivered, (they won't be, aren't enough shares to clear) and if they are not I start yelling just like everyone else.
 
Posted by cruz on :
 
it's normal.

quote:
Originally posted by <Trader88>:
I just got a "confirmation" message in my email confirming my sell today. Seems a bit late. Does anyone here using Ameritrade get them so late, you think that's normal? My first thought was, "oh, that's a good sign" (that it wont get busted). Just never really noticed when I got confirmations before if they ever came in this late at night. Maybe it's due to the "special situation" here???


 
Posted by Obiji on :
 
Well goodnight people, deffinatly been interesting reading your posts. Wish I had the cash to hop on the band wagon. Maybe next time.

Good Night,

Obiji
 
Posted by <Trader88> on :
 
quote:
Originally posted by <RebelYell>:
quote:
rebel....not sure I follow....what we said was you can sell but not buy....quite a big difference........

I can enter a buy at Scottrade. They still don't have the dividend shares.

Spent a little time on the phone with my broker after close today. His opinion was that trading would be halted and all trades reversed. If not he said that some people were going to make a lot of money and some people were going to lose a lot of money. I already knew that LOL. According to him, I can sell the undelivered shares up to the equivalent amount of my margin. I would be responsible for any failure to deliver.

I ain't playing that game. Selling short into a short sqeeze just don't sound like the right thing to do here. Remember, there are some big sharks out there in this pond.

Anyway I wait to due date to see if they are delivered, (they won't be, aren't enough shares to clear) and if they are not I start yelling just like everyone else.

Reversed? No way. There is already money in other stocks from this. Impossible. Also, why would they be covering today if there was gonna be a halt? Just don't see it happening. I hope I'm right of course and your "broker" is wrong, hehe.
 
Posted by BuyTex on :
 
good luck, gang
 
Posted by keithsan on :
 
PURL PURL PURL PURL PURL PURL PURL PURL PURL

I'm expecting you'll be here trading with us bright and early!

Good luck to us all today, got my alphatrade again [Smile]
 
Posted by cruz on :
 
morning all,

if buying is restricted on ameritrade, won't that prevent the pps from climbing?
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
morning all,

if buying is restricted on ameritrade, won't that prevent the pps from climbing?

not if company is buying, ameritrade opens at 8 so we'll see then.
 
Posted by Raptorsrule on :
 
Keith....just tried to edit a sell order.....no go...."the security symbol is invalid"
 
Posted by cruz on :
 
let round 2 begin
 
Posted by cruz on :
 
alphatrade knows you are trading GVRP so they thought they would lend you a hand in the fight [Smile] that's how you were able to get access again.

quote:
Originally posted by keithsan:
PURL PURL PURL PURL PURL PURL PURL PURL PURL

I'm expecting you'll be here trading with us bright and early!

Good luck to us all today, got my alphatrade again [Smile]


 
Posted by cruz on :
 
invlaid symbol on ameritrade [Frown]
 
Posted by dishgal1 on :
 
Invalid symbol.....

They were supposed to have a cusip change...could this have something to do with that?
 
Posted by keithsan on :
 
trying to call ameritrade have class will post if i find anything out.
 
Posted by <RebelYell> on :
 
Ask is presently at .0004. Still no dividend in my account. Be careful out there today.
 
Posted by cruz on :
 
i called ameritrade - the guy couldn't explain it or give a reason. he said it should be fixed in the next hour. something is up. plus, he said the symbol was working on his end and then later retracted and said it wasn't
 
Posted by cruz on :
 
bid is 0.0003!
 
Posted by dishgal1 on :
 
Just called Ameritrade....Need to wait and talk to reorganization team in 45 min. He said the new cusip number could be part of the problem....didn't think it was halted. They are probably getting the reorganization completed....for instance if you bought shares yesterday, you wouldn't have shares yet.....the symbol might possibly end up having a D on the end for a while until everything is settled.

Make sense?
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Just called Ameritrade....Need to wait and talk to reorganization team in 45 min. He said the new cusip number could be part of the problem....didn't think it was halted. They are probably getting the reorganization completed....for instance if you bought shares yesterday, you wouldn't have shares yet.....the symbol might possibly end up having a D on the end for a while until everything is settled.

Make sense?

thanks,
 
Posted by George on :
 
.0003 x .0004 is what I am showing this morning....I WANT MY SHARES SCOTTRADE!
 
Posted by vg on :
 
hey george where r u getting the bid ask from?
 
Posted by glassman on :
 
scottrade..i see the same thing...
 
Posted by vg on :
 
got to go to school guys hope all turns out well today and can start trading this beast again
 
Posted by dishgal1 on :
 
Well folks, we can look at it this way.....the temptation to sell is growing, if our brokers won't let us trade, we have to assume they are trying to protect us. Right? It certainly takes away the temptation to sell......then we would be nervous wondering if we might have to cover if we were allowed to sell.

Good luck to all.
 
Posted by cruz on :
 
here's ba

0.0003/0.0004
0.0002/0.0004
0.0002/0.0006
0.0001/0.005
 
Posted by <Trader88> on :
 
Looks like some brokers are not giving people shares because of that stupid PR from the company, LOL. If it trades again today, theres no way the company can "rescind" the dividend. Give me a break! Could I "rescind" a short order that went thru, just because one of my stocks went thru the roof? ROFL!!
 
Posted by George on :
 
Yesterday's Positions Value
$2,614,236.12

This is what Scottrade shows as my account value yesterday.
 
Posted by cruz on :
 
valid symbol now on ameritrade [Smile]
 
Posted by cruz on :
 
i doubt we can get a buy in at 0.0001 now. it will be climbing fast! the mm got to have shares.
 
Posted by dishgal1 on :
 
I still worry about selling this because if you remember before the market opened yesterday....the pps was showing .21

I think if the screwup hadn't occured, they would have opened this stock a lot higher. If we had to buy at those kind of prices we would be ripped to say the least.

On the other hand, if someone's wife sold prematurely, I don't think the rest of those holders are going to miss the run just because of her screwup.....What to do????
 
Posted by <Trader88> on :
 
quote:
Originally posted by cruz:
valid symbol now on ameritrade [Smile]

What do you mean by "valid symbol". It wasn't valid yesterday?
 
Posted by glassman on :
 
quote:
Originally posted by <Trader88>:
Looks like some brokers are not giving people shares because of that stupid PR from the company, LOL. If it trades again today, theres no way the company can "rescind" the dividend. Give me a break! Could I "rescind" a short order that went thru, just because one of my stocks went thru the roof? ROFL!!

i pretty much agree.......

however,

this situation will bring about change in the system, of that i am confident....

here's what i am going to argue...

i have wached several stocks trade as much 10x UP while on the SHO list...this stock can be NO diferent....

and i know how and where to get ALL of the documentation...

they are gonna have to play this one the same way they played SMTR and MSEP ...to name a couple that i am very, very familiar with......

the lawyers/legal battles and trying to undo thousands of other co's trades, would probably cost them more than just churning this one thru.......
i think elite db and Keithsan agree with me on this from their statements as well...

change comes from within.....
 
Posted by jps72 on :
 
Etrade: .."orders for this security cannot be placed online at this time..please call for ass....(excuse me) assistance with placing this order..."
still dont have dividend anyways.....ho hum..
 
Posted by <Trader88> on :
 
I believe today will tell the tale. If they let it fly, which it seems they have to at this point, then everyone is getting their shares. I got an email today from Ameritrade saying that I would be short "if the company rescinds the dividend" LOL...ROFL!!! The company can't just do that on their own! Ameritrade has already admitted to in previous emails that they have the shares already.
 
Posted by yoke yanker on :
 
On a wells fargo account, this morning finally had sell orders go through as open. Yesterday they were all held as pending. Numerous phone calls to the brokerage yesterday with the same smoking hole run around answers. Maybe this morning we are ready to rock and roll. Have sell orders stairstepped up from .0003 to .0006
Cheers
 
Posted by keithsan on :
 
whos the meathead putting in sells for .0002 newbie bidwhacker
 
Posted by cruz on :
 
trader88 - the gvrp symbol wasn't being recognize earlier this morning by ameritrade. it's working now.
 
Posted by dishgal1 on :
 
It looks like the company would be short to begin with if someone traded early. So basically everyone would be short. How could they possibly chase it all down?

We are having a thunderstorm.....may have to shut down puter....OMG....what's a girl to do?
 
Posted by cruz on :
 
not me keithsan [Smile] i am looking for 0.0005 and 0.0006 right now

quote:
Originally posted by keithsan:
whos the meathead putting in sells for .0002 newbie bidwhacker


 
Posted by yoke yanker on :
 
Dishgal,
Hail and brimstones in Texas? Hard to believe. (-;
Cheers
 
Posted by glassman on :
 
we are living in interesting times [Big Grin]
 
Posted by dishgal1 on :
 
Just noticed on Ameritrade....NOTICE>>>>>>>>>>>>

GVRP-GIUV Corp NEW
 
Posted by cruz on :
 
anybody have a problem selling at 0.0006 even though tomorrow is the legal day to trade this? i would hate to have to cover. then again - i don't think they can do that. i have my shares. if they want them back, then they can retract my trades and compensate me for my time involved.
 
Posted by cruz on :
 
yes - i saw that somewhere else last Sunday. i though it was a typo.

quote:
Originally posted by dishgal1:
Just noticed on Ameritrade....NOTICE>>>>>>>>>>>>

GVRP-GIUV Corp NEW


 
Posted by dishgal1 on :
 
GIUV Corp........wouldn't that indicate that all is well....the NEW part..???
 
Posted by cruz on :
 
for all you company officers of gvrp, mm, ta, brokers, dtc - i would like a million dollars in compensation.
 
Posted by <RebelYell> on :
 
From I-Hub

Posted by: stock_rancher
In reply to: None

Scottrade UPDATE: The FTC, SEC, DTC, & Company are investigating!

Scottrade says this is one BIG mess. The reorg. dept. at Scottrade is not allowing any F/S shares to be deposited. They say no one at Scottrade will end up short on this one. Ameritrade has caused a problem with this by allowing shares to trade before delivery....... they are ALL SHORT! The company has not issued ANY F/S shares!!!!
 
Posted by cruz on :
 
44 mil in volume already
 
Posted by cruz on :
 
0.0002 just went thru
 
Posted by George on :
 
quote:
Originally posted by <RebelYell>:
From I-Hub

Posted by: stock_rancher
In reply to: None

Scottrade UPDATE: The FTC, SEC, DTC, & Company are investigating!

Scottrade says this is one BIG mess. The reorg. dept. at Scottrade is not allowing any F/S shares to be deposited. They say no one at Scottrade will end up short on this one. Ameritrade has caused a problem with this by allowing shares to trade before delivery....... they are ALL SHORT! The company has not issued ANY F/S shares!!!!

If that is true there show be PR's all over the place....
 
Posted by glassman on :
 
scotrade has no such message posted in my system....
 
Posted by jps72 on :
 
I show last trade @ 9:36 1m volume at 7384000,...since then nothing....
 
Posted by pcloadletter on :
 
nothing trading?
 
Posted by cruz on :
 
looks like it - i have the same thing
 
Posted by jps72 on :
 
via etrade live stream that was the last. nothing since. something up? or just trying to keep it low early??? any thoughts?
 
Posted by dishgal1 on :
 
Remember? They did this yesterday? Scared up some market orders by pausing.....then they let er rip. Could be same tactic.
 
Posted by keithsan on :
 
seems halted, i have an OW for bid. don't know what that means.
 
Posted by jps72 on :
 
hoping so....dont have my shares yet and etrade wont let me trade this online today...using a friends scootrade acct. (and his money too...)
 
Posted by dishgal1 on :
 
What's an OW?
 
Posted by jps72 on :
 
hoping so....dont have my shares yet and etrade wont let me trade this online today...using a friends scootrade acct. (and his money too...)
 
Posted by George on :
 
moving again
 
Posted by glassman on :
 
showing trades at 9:49
 
Posted by <RebelYell> on :
 
Just bought 3m. OW=offer wanted I think. L [Wink] et the game continue. [Wink]
 
Posted by cruz on :
 
it will probably run the last hour - looks like the same as yesterday
 
Posted by Obiji on :
 
Nasdaq Ticker shows stock dropped to .0001
 
Posted by cruz on :
 
be careful out there rebelyell [Wink]

quote:
Originally posted by <RebelYell>:
Just bought 3m. OW=offer wanted I think. L [Wink] et the game continue. [Wink]


 
Posted by cruz on :
 
some 0.0002 trades are going thru
 
Posted by keithsan on :
 
4 x 2
.0001 x .0002
 
Posted by keithsan on :
 
after .0002 next mm is at .0005
 
Posted by glassman on :
 
scotrade shows the condition of all the trade OK so far.....what a rollercoaster we are on....
 
Posted by <Trader88> on :
 
I'm sorry, but this is COMPLETE BS!!!! If this stock is not halted and still trading, theres absolutely NO REASON for the brokers pulling their sh**. We own these shares, let us trade them like any other stock would. IT IS NOT HALTED. They are costing people money here.
 
Posted by <RebelYell> on :
 
No trouble getting filled at .0001 on three buys though.
 
Posted by TampaInvester on :
 
quote:
Originally posted by glassman:
scotrade shows the condition of all the trade OK so far.....what a rollercoaster we are on....

has scottrade given some assurance that the shares will be available tomorrow or they just going to keep waiting (protecting us my a$$)
 
Posted by TampaInvester on :
 
<font size=5>I hate scottrade!!</font>
 
Posted by cruz on :
 
does etrader have their shares?
 
Posted by glassman on :
 
quote:
Originally posted by TampaInvester:
quote:
Originally posted by glassman:
scotrade shows the condition of all the trade OK so far.....what a rollercoaster we are on....

has scottrade given some assurance that the shares will be available tomorrow or they just going to keep waiting (protecting us my a$$)
NOT AT ALL, they said to me they will deliver them when they are aproved by the DTCC....and guess who the DTCC is? (it aint the government)
 
Posted by pcloadletter on :
 
trading direct doesn't
 
Posted by cruz on :
 
i put a small sell pos in at 0.0005.
 
Posted by cruz on :
 
how did ameritrade get approval from dtcc? just curious
 
Posted by pcloadletter on :
 
my wells fargo has them
 
Posted by jps72 on :
 
cruz- i use etrade (they use me?) no shares yet...tick..tick...tick...
 
Posted by jason10 on :
 
so has anyone in here made any substantial money on this yesterday? or is everyone buying more shares at .0001
 
Posted by keithsan on :
 
i havent made nothing and the mm's arent getting any sells at .0001 LOL they gonna have to up the bid.
 
Posted by pcloadletter on :
 
holding for one less zero
 
Posted by <Trader88> on :
 
Don't tell me the brokers listened to the F Company's PR. It means nothing, we are entitiled to trade this stock unless a regulatory agency says otherwise!
 
Posted by cruz on :
 
go get'em keithsan - tell me when to pull the trigger [Smile]

quote:
Originally posted by keithsan:
i havent made nothing and the mm's arent getting any sells at .0001 LOL they gonna have to up the bid.


 
Posted by glassman on :
 
it gets better,i've been trrying to buy ZAPZ and they are ignoring my orders...and when i modify? they cancel them...
ZAPZ is on the SHO list too....
 
Posted by dishgal1 on :
 
If they get all of these shares for .0001 they can make a killing.....
 
Posted by George on :
 
Has anyone actually talked to someone at Scottrade today? Where is Purl Girl?
 
Posted by glassman on :
 
quote:
Originally posted by George:
Has anyone actually talked to someone at Scottrade today? Where is Purl Girl?

yesterday they refused to pass me along to the next supevisor...i doubt that we'll get anything from them...
 
Posted by pcloadletter on :
 
trading direct users....
unite...rise up....call...complain
Ask for Mike.....he is familiar with the complaint
 
Posted by <Trader88> on :
 
quote:
Originally posted by George:
Where is Purl Girl?

Who cares.
 
Posted by pcloadletter on :
 
Purl is on the BOD!
 
Posted by George on :
 
quote:
Originally posted by pcloadletter:
Purl is on the BOD!

Got to ask....what is BOD? I will probably kick myself for asking
 
Posted by George on :
 
quote:
Originally posted by <Trader88>:
quote:
Originally posted by George:
Where is Purl Girl?

Who cares.
Not me, just figured she would of been using her *talents* on the phone with Scottrade today.
 
Posted by <Trader88> on :
 
I heard a "rumor" that the company could adjust the split. HUH?? They are still short shares! I bought my shares w/ due bills attached and I want them.
 
Posted by dishgal1 on :
 
Guys, just curious....Ameritrade....click on your account balances......see if your long position is still there or the same as this morn......mine is definitely showing different from the open.

Have they halted?
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
Guys, just curious....Ameritrade....click on your account balances......see if your long position is still there or the same as this morn......mine is definitely showing different from the open.

Have they halted?

Checked. Mine is only different because its reflecting a .0001 last sale, instead of .0002 which was the close yesterday.
 
Posted by jps72 on :
 
dish- 5m 0001 just went thru..still going..
etrade streamer.
 
Posted by dishgal1 on :
 
On your positions.....it is there but under liquidation value it is not....try that one under your account.
 
Posted by Marcus on :
 
I just made some buys at .0001 from scottrade with no issues....
 
Posted by dishgal1 on :
 
I heard a "rumor" that the company could adjust the split. HUH?? They are still short shares! I bought my shares w/ due bills attached and I want them.

See now this is what worries me about selling. That memo they read to me at Ameritrade.....in the event of "reversal, amendment, etc." I would be liable. Better not sell too many I would say.
I am trying to think in my mind how that scenario would play out if they amended the split. It definitely doesn't seem fair, but we all know these companies are out to screw investors and they always seem to FIND A WAY TO DO IT!

This is a heck of a note, that we are in the beginning of this mess and afraid to sell. Damn!
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
I heard a "rumor" that the company could adjust the split. HUH?? They are still short shares! I bought my shares w/ due bills attached and I want them.

See now this is what worries me about selling. That memo they read to me at Ameritrade.....in the event of "reversal, amendment, etc." I would be liable. Better not sell too many I would say.
I am trying to think in my mind how that scenario would play out if they amended the split. It definitely doesn't seem fair, but we all know these companies are out to screw investors and they always seem to FIND A WAY TO DO IT!

This is a heck of a note, that we are in the beginning of this mess and afraid to sell. Damn!

NOT THIS TIME. They are required to cover like everyone else. They will have a lawsuit on their hands. Like I said, me and about 300 others have shares with due bills attached, and WE WANT THEM. Period.
 
Posted by dishgal1 on :
 
Trader88:

So you don't think they can even amend the split?

I wouldn't think they could, but due to past experience with these pink sheets....well they have proved they are like a sly fox in a hen house. They always win legal or illegal it seems. It amazes me how crooked this entire mess is. And to think this is where they want newbies to put money to "fix" the SS System. What a joke.
The entire nation will end up being paupers. LOL
 
Posted by George on :
 
Scottrade web site flat say's "DUE BILLS REDEEMABLE 5/25/05 "
 
Posted by glassman on :
 
it always makes me nervous when Purl Gurl is quiet... [Big Grin]
 
Posted by dishgal1 on :
 
This could prove to be a very good thing today. Not much volume due to brokers not allowing trading, investors being afraid to sell, etc.

They are NOT getting very many shares back are they? Tomorrow is the due by date. They had better deliver.

Won't surprise me if trades start going thru late this afternoon at record pace. I am not selling until tomorrow. I am glad it is slow today.
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
Trader88:

So you don't think they can even amend the split?


Hell no I don't think they can. Can I fix my bad trades when I have to cover? No way. They need to play by the rules or get out of the game. This company tried to SCREW investors in their stock, and it backfired on them. NOW COVER.
 
Posted by George on :
 
quote:
Originally posted by <Trader88>:
quote:
Originally posted by dishgal1:
Trader88:

So you don't think they can even amend the split?


Hell no I don't think they can. Can I fix my bad trades when I have to cover? No way. They need to play by the rules or get out of the game. This company tried to SCREW investors in their stock, and it backfired on them. NOW COVER.
That's how I see it too. If we made a bad investment we have to live with it.
 
Posted by glassman on :
 
it wasn't JUST the company, it IS the system...
they were doing business as usual and made a clerical error....

information is POWER
 
Posted by <Trader88> on :
 
quote:
Originally posted by glassman:
it wasn't JUST the company, it IS the system...
they were doing business as usual and made a clerical error....

Business as usual? I guess, if you mean doing a r/s, putting out a fluff press release, and then DUMPING YOUR SHARES INTO A BUYING MARKET. So yeah, I guess you're right, ROFL.
 
Posted by glassman on :
 
quote:
Originally posted by <Trader88>:
quote:
Originally posted by glassman:
it wasn't JUST the company, it IS the system...
they were doing business as usual and made a clerical error....

Business as usual? I guess, if you mean doing a r/s, putting out a fluff press release, and then DUMPING YOUR SHARES INTO A BUYING MARKET. So yeah, I guess you're right, ROFL.
why do you think i said "welcome to the monkey house" at the beginning of the thread ??? [Big Grin]


 -


i want some of these guys... [Big Grin]
 
Posted by pcloadletter on :
 
trading direct is now saying the anticipated deposit date is May 27
 
Posted by dishgal1 on :
 
Hell no I don't think they can. Can I fix my bad trades when I have to cover? No way. They need to play by the rules or get out of the game. This company tried to SCREW investors in their stock, and it backfired on them. NOW COVER.

George:
I totally agree with you on this point but I just know how the system works against the investor. When we do it we live with it. When they do it, we live with it too. LOL
 
Posted by <Trader88> on :
 
Food for thought:
This all may be a ploy for EOD run. Just be prepared, I smell a rat....
 
Posted by dishgal1 on :
 
Bid and ask anyone?????
 
Posted by DirtyDealer1123 on :
 
I have Etrade so all I show is price is .0001.
 
Posted by cruz on :
 
4 X 3 at 0.0001/0.0002 one at 0.005 on the ask several at 0.01 on the ask
 
Posted by yoke yanker on :
 
Real quiet. Last trade I'm showing is at 1131EST
 
Posted by dishgal1 on :
 
Glass, is that what you have been waiting for with MTDX
 
Posted by Obiji on :
 
showing GVRP back up to .0002 on the nasdaq ticker??
 
Posted by dishgal1 on :
 
Guys while we are waiting on this one you might want to DD.....MTDX........I just bought some....
Glass may have found another good one.
 
Posted by dishgal1 on :
 
OT --- MTDX was mentioned a couple weeks ago, I believe but I can't find it....I have had it on my watch list ever since.
 
Posted by George on :
 
Is the company doing the buying?
 
Posted by dishgal1 on :
 
last sale 12:18......125,000 that is thousand...
 
Posted by glassman on :
 
.0002 !!!!!
 
Posted by jason10 on :
 
honestly .0002 is INSANE considering how many shares are out there
 
Posted by yoke yanker on :
 
Someone just dumped a whole bunch at 9 mil a whack for .0001
 
Posted by glassman on :
 
quote:
Originally posted by jason10:
honestly .0002 is INSANE considering how many shares are out there

no, it's not.... once the shares are available you will see more than that In My Opinion....
 
Posted by George on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by jason10:
honestly .0002 is INSANE considering how many shares are out there

no, it's not.... once the shares are available you will see more than that In My Opinion....
Is that because they have to by them to cover?
 
Posted by jps72 on :
 
.0002's trades are considerably smaller..
 
Posted by cruz on :
 
these 0.0002 orders are real small (thousands) compared to the 0.0001 orders (millions)
 
Posted by <Trader88> on :
 
quote:
Originally posted by George:
quote:
Originally posted by glassman:
quote:
Originally posted by jason10:
honestly .0002 is INSANE considering how many shares are out there

no, it's not.... once the shares are available you will see more than that In My Opinion....
Is that because they have to by them to cover?
Yes. That, and speculators will drive it higher. They are obviously trying to keep this puppy down right now. The brokerages saying you can't buy or sell is BS! They are tampering with the market for this stock, reprehensible. If my stock isn't delivered by the due bill date (tomorrow), you are gonna see one angry tiger here.
 
Posted by dishgal1 on :
 
They are trying to trick people into doing market orders thinking they will take them at that price IMO....then they grab them at 0000021
 
Posted by <RebelYell> on :
 
I think that the MM's were gearing up to play this morning, until most people decided not to sell.

Good chance that most of the trades today are individual buys of shares that were sold cheaper yesterday.

I've had one chunk for sale at .0002 since a few minutes after open with no takers.
 
Posted by George on :
 
quote:
Originally posted by <RebelYell>:
I think that the MM's were gearing up to play this morning, until most people decided not to sell.

Good chance that most of the trades today are individual buys of shares that were sold cheaper yesterday.

I've had one chunk for sale at .0002 since a few minutes after open with no takers.

Plus half the people do not have the shares to sell yet.
 
Posted by Raptorsrule on :
 
Well folks...I'm pissed....

While trying to make a buy of another stock...I noticed my orders kept getting cancelled. I called Ameritrade and was told my funds (all of them! not just proceeds from my sale of GVRP yesterday) have been locked up due to the GVRP debacle....I was told by the broker that we are free to trade the GVRP shares but at this time we are doing so at our own risk in case the company ammends the reorganization / split. They do not know when it will be resolved but he said he certainly hopes it's soon.

FREAKIN' A$$holes (GVRP)!
 
Posted by jps72 on :
 
trader88- who are you trading with?
 
Posted by <Trader88> on :
 
Over on IHUB, funny how there are dozens of new posters there, almost bashers, putting the fear of god into us selling our stock. There is a lot of money at stake here. I wonder under what rock all these new posters came from? HMMMM let me take a guess......They are more MF'ers than we thought....
 
Posted by glassman on :
 
hmmm, my scotrader voodooo doll [Eek!]

is there any easy way to get it out of the septic tank [Confused]
 
Posted by <Trader88> on :
 
quote:
Originally posted by jps72:
trader88- who are you trading with?

AMT
 
Posted by dishgal1 on :
 
I will say this.....can they realistically undo what was done yesterday by an amendment?

Highly unlikely wouldn't you say? I mean they have sold shares also....the person who sold the original shares to us is short also. WE ARE ALL SHORT....LOL They would have to pull a rabbit out of a hat to pull that off .......everyone would have lawsuits against them. In the meantime they would be making no money and having to pay their lawyers. Just my opinion of course.
 
Posted by cruz on :
 
last trade at 12:54:03
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
I will say this.....can they realistically undo what was done yesterday by an amendment?

Highly unlikely wouldn't you say? I mean they have sold shares also....the person who sold the original shares to us is short also. WE ARE ALL SHORT....LOL They would have to pull a rabbit out of a hat to pull that off .......everyone would have lawsuits against them. In the meantime they would be making no money and having to pay their lawyers. Just my opinion of course.

Well, I will say this: They sold me shares with a 3MM to 1 split on them. If they don't get delivered I am hiring a good lawyer and they will lose.
 
Posted by jps72 on :
 
i just saw trades at 13:09 13:10 9mm
 
Posted by <RebelYell> on :
 
quote:
Originally posted by <RebelYell>:
I think that the MM's were gearing up to play this morning, until most people decided not to sell.

Good chance that most of the trades today are individual buys of shares that were sold cheaper yesterday.

I've had one chunk for sale at .0002 since a few minutes after open with no takers.
--------------------------------------------------------------------------------

Plus half the people do not have the shares to sell yet.

Yep. All I have is what I bought this morning for trading purposes.
 
Posted by dishgal1 on :
 
Yep. All I have is what I bought this morning for trading purposes.

JPS......have you tried to place an order to sell those? Try for a penny....that way you won't lose them.....At least we would know if those could be traded.
 
Posted by glassman on :
 
has anybody considered that the MM's that are playing this may have lawyers too?

front row seats [Big Grin]
 
Posted by jps72 on :
 
Dish cant buy or sell online...says call for ASSistance....but streamer past 2 9mm trades at 13:09+13:10..maybe i'll try scotttrade..
 
Posted by jps72 on :
 
just hit 0002 6-8 trades totaling maybe 2+mm
 
Posted by <Trader88> on :
 
Just put in a test sell @ .01 for 1,000,000 shares. It was accepted (not filled, of course). Anyone try a buy recently? If they can allow selling but NOT buying, they are manipulating the market.
 
Posted by jps72 on :
 
last trades were at 13:15:52 0001
 
Posted by DENSKIJR on :
 
I have Ameritrade also and I never got an email stating that I would be responcible for the share if they are reversed Im wondering since I only sold 100million of my holdings which I still have 200 million that they are supposing that I have the shares to cover or am I just under the radar I doubt it.
 
Posted by dishgal1 on :
 
This just SUCKS hard.
 
Posted by jps72 on :
 
sorry so slow using by buddys sctrade acct...have sell order in 112345 @ 0001...slow to process...
 
Posted by <Trader88> on :
 
quote:
Originally posted by DENSKIJR:
I have Ameritrade also and I never got an email stating that I would be responcible for the share if they are reversed Im wondering since I only sold 100million of my holdings which I still have 200 million that they are supposing that I have the shares to cover or am I just under the radar I doubt it.

No because if it comes out that we all have to cover, the pps will rise like crazy and you will need many more shares then you have left in your acct in order to cover. But if we have to cover, don't they have to first? They are first in line to cover from the shares they dumped on the market last week, then us.
 
Posted by <RebelYell> on :
 
Still not a nibble on my sell order at .0002.
 
Posted by <Trader88> on :
 
quote:
Originally posted by <RebelYell>:
Still not a nibble on my sell order at .0002.

Wait till 3pm EST. Thing may change dramatically. I say MAY.
 
Posted by <Trader88> on :
 
When trading continues tomorrow, as it very well should, I am confident they are too late to "reverse everything". What are the brokers smokin anyway? I've seen emails people got saying the company can rescind their split! LOL! They must be clueless.
 
Posted by cruz on :
 
the shares were cleared from the dtc to ameritrade.
 
Posted by glassman on :
 
quote:
Originally posted by <Trader88>:
When trading continues tomorrow, as it very well should, I am confident they are too late to "reverse everything". What are the brokers smokin anyway? I've seen emails people got saying the company can rescind their split! LOL! They must be clueless.

yes, many brokers know much less about TRADING than they think they do...

but they don't mind the comissions at all do they?
 
Posted by dishgal1 on :
 
trader........I think they are just CYA...theirs anyway. But it has been enough to scare everyone into not trading.

The way I see it....they sold short to us....they need to cover....we are investors (victims if you will ) of these little pissy companies. No matter when you get in ...early or late...there always seems to be a problem knowing when to get out.
But I will say this one takes the proverbial cake.
 
Posted by jps72 on :
 
dish- in reply to your 1:13 message... i put an order on scott for 112345 @ .0001 nothing has happened..placed order at 1:23. tried to modify order to .00001 as a test, just too slow to process.
 
Posted by <Trader88> on :
 
quote:
Originally posted by cruz:
the shares were cleared from the dtc to ameritrade.

Do you have documentation of that? If so, make sure you don't lose it. It will help you as well as all of us, even if you are the only one who got it.
 
Posted by glassman on :
 
where is our spirit woman?
 
Posted by <Trader88> on :
 
quote:
Originally posted by <Trader88>:
quote:
Originally posted by cruz:
the shares were cleared from the dtc to ameritrade.

Do you have documentation of that? If so, make sure you don't lose it. It will help you as well as all of us, even if you are the only one who got it.
Better yet, put it on here or on another web page for the world to see.
 
Posted by DENSKIJR on :
 
trader,

I agree if we are forced to cover since my shares should have been deliverd to me first then I took those shares and sold to who ever bought mine.
 
Posted by <RebelYell> on :
 
quote:
Just put in a test sell @ .01 for 1,000,000 shares. It was accepted (not filled, of course). Anyone try a buy recently? If they can allow selling but NOT buying, they are manipulating the market.
Just another day at the factory.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
where is our spirit woman?

ya where'd she go?
 
Posted by dishgal1 on :
 
Cruz, then if they are cleared I don't see why AmTrade is having a problem....I think they are just unsure of how this will go down. They don't expect a problem (as I understand it) but if there were some problem, they don't want their clientele to shoulder all of this responsibility. Not to mention their own problems if something went wrong.

At least I hope that is the reason, for all concerned.
 
Posted by jps72 on :
 
just got email conf sold 112345 at whenever from scottrade (again, not my acct, cant screw around too much...)
 
Posted by glassman on :
 
trades coming thru......
 
Posted by keithsan on :
 
looking for another 3:00 run....
 
Posted by <Trader88> on :
 
I wonder if anyone recorded phone calls with their brokers. I heard you can access their tapes, but I would worry about them disappearing. I'm sure there is a lot of evidence out there, if we pulled together some lawyer could have a field day. Just seems like they are playing hardball. I don't mind playin', cuz I will win.
 
Posted by vg on :
 
I talked to ameritrade on Sunday and they said the shares had been delivered by DTC and thats why they showed up in my account but they could not give me anything in writing, I think its a bunch of bull
 
Posted by glassman on :
 
i saw a trade below .0001 posted....
 
Posted by Raptorsrule on :
 
Well....I won't be selling anymore until it's worked out....I can just see having to cover 290 million shares at .05 or some absurd BS dreamt up by this POS managment team...
 
Posted by <Trader88> on :
 
quote:
Originally posted by vg:
I talked to ameritrade on Sunday and they said the shares had been delivered by DTC and thats why they showed up in my account but they could not give me anything in writing, I think its a bunch of bull

If they have tapes on file, if subpoenaed they would have to produce the recorded conversation.
 
Posted by vg on :
 
if the whole tape thing is true, and they dont "misplace" any of then then we should be good, I had them say it abt 3 times with 3 different people
 
Posted by cruz on :
 
i think you fired her keithsan or she quit [Smile] or she's the CEO of GVRP

quote:
Originally posted by keithsan:
quote:
Originally posted by glassman:
where is our spirit woman?

ya where'd she go?

 
Posted by <RebelYell> on :
 
quote:
looking for another 3:00 run....

Could be. [Smile] Just pulled my sell order.
 
Posted by cruz on :
 
dtc to ameritrade was posted here earlier - i have to dig it up.
 
Posted by vg on :
 
I think purl got arrested yesterday when she went up to the guys at scottrade asking for her shares.
when they weren't given to her she pulled out her whip
 
Posted by <Trader88> on :
 
They are covering their asses, no reason why we shouldn't. Brokers allowing buys but not sells or vice versa is blatant disregard for the market, IMO. It threatens the integrity of the entire market.
 
Posted by Raptorsrule on :
 
Yeah cruz....they told me that yestrday and again today.....However....they stated today selling them was at my own risk and they froze my funds!

Now I'm losing money on other trades I don't get to make......the keys on my keyboard should be exploding right now....
 
Posted by <Trader88> on :
 
quote:
Originally posted by Raptorsrule:
Yeah cruz....they told me that yestrday and again today.....However....they stated today selling them was at my own risk and they froze my funds!

Now I'm losing money on other trades I don't get to make......the keys on my keyboard should be exploding right now....

Thats utter BS!!! You should go to the top guy at the brokerage with that complaint, and if they don't let you trade, go to the SEC. Remember, these are your shares, YOU own them.
 
Posted by glassman on :
 
quote:
Originally posted by Raptorsrule:
Yeah cruz....they told me that yestrday and again today.....However....they stated today selling them was at my own risk and they froze my funds!

Now I'm losing money on other trades I don't get to make......the keys on my keyboard should be exploding right now....

settle down, and focus....

tiger by the tail....they'll have to settle this somehow....
 
Posted by Obiji on :
 
quote:
Originally posted by <Trader88>:
They are covering their asses, no reason why we shouldn't. Brokers allowing buys but not sells or vice versa is blatant disregard for the market, IMO. It threatens the integrity of the entire market.

But brokers allowing sales, and not buys, well thats just jacked up. Thats market manipulation.

If they are going to halt it, they need to halt it 100%.

My 2 cents,

Obiji
 
Posted by <Trader88> on :
 
quote:
Originally posted by Obiji:
quote:
Originally posted by <Trader88>:
They are covering their asses, no reason why we shouldn't. Brokers allowing buys but not sells or vice versa is blatant disregard for the market, IMO. It threatens the integrity of the entire market.

But brokers allowing sales, and not buys, well thats just jacked up. Thats market manipulation.

If they are going to halt it, they need to halt it 100%.

My 2 cents,

Obiji

The brokers don't have the authority to halt any stock, only regulators. But the rest of your statment I agree 100%
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by Raptorsrule:
Yeah cruz....they told me that yestrday and again today.....However....they stated today selling them was at my own risk and they froze my funds!

Now I'm losing money on other trades I don't get to make......the keys on my keyboard should be exploding right now....

settle down, and focus....


tiger by the tail....they'll have to settle this somehow....

Yes Obie Wan....taking deep breaths....
 
Posted by Obiji on :
 
I anticipate alot of people losing their jobs, going to jail, or mostly, losing alot of money over this ordeal.

Obiji
 
Posted by glassman on :
 
quote:
Originally posted by Obiji:
I anticipate alot of people losing their jobs, going to jail, or mostly, losing alot of money over this ordeal.

Obiji

that depends....this situation is special in a way, but it exposes the "underside" of the market...

being the worm that i am, that's all i've ever seen anywy [Big Grin]
 
Posted by jps72 on :
 
moving again...nothig over 3mm all at 0001..
 
Posted by BuyTex on :
 
Hello, all: just got here--UPDATE---

The latest company line at Scottrade (e-mail for reps to quote from at corporate in St Louis) says the do expect delivery from DTC whereupon they will be distributed; whether they arrive on due bill date tomorrow remains unaswered...
 
Posted by <Trader88> on :
 
I sent an email to Ameritrade asking them to explain why they are allowing sells but not buys. Lets see what they say. Probably some boilerplate BS answer. I'm keeping all of their emails.
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
Hello, all: just got here--UPDATE---

The latest company line at Scottrade (e-mail for reps to quote from at corporate in St Louis) says the do expect delivery from DTC whereupon they will be distributed; whether they arrive on due bill date tomorrow remains unaswered...

and i think when we have them in our accounts at Scottrade??? EVERYBODY is greeeeeeeeeennnnnn [Big Grin]
 
Posted by <H2NRG> on :
 
Thanks for the Scottrade update, Buy Tex. Trying to get any new info out of Scottrade lately has been very difficult.
 
Posted by jps72 on :
 
orders going thru getting larger 1mil 3 mil 4 mil now 5
 
Posted by <Trader88> on :
 
Funny, the volume today is almost exactly how many shares I have left. I hope this volume isn't a new trend, lol.
 
Posted by TampaInvester on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
Hello, all: just got here--UPDATE---

The latest company line at Scottrade (e-mail for reps to quote from at corporate in St Louis) says the do expect delivery from DTC whereupon they will be distributed; whether they arrive on due bill date tomorrow remains unaswered...

and i think when we have them in our accounts at Scottrade??? EVERYBODY is greeeeeeeeeennnnnn [Big Grin]
what you saying? we have it in our account? i don't see them
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
Hello, all: just got here--UPDATE---

The latest company line at Scottrade (e-mail for reps to quote from at corporate in St Louis) says the do expect delivery from DTC whereupon they will be distributed; whether they arrive on due bill date tomorrow remains unaswered...

and i think when we have them in our accounts at Scottrade??? EVERYBODY is greeeeeeeeeennnnnn [Big Grin]
yup, that's what i meant yesterday about the big dog barking, not that scottrade is powerful, but by being so cautious, when/IF *they* release 'em, the race is on...
 
Posted by glassman on :
 
big dogs don't NEED to bark.....

 -
 
Posted by BuyTex on :
 
quote:
Originally posted by TampaInvester:
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
Hello, all: just got here--UPDATE---

The latest company line at Scottrade (e-mail for reps to quote from at corporate in St Louis) says the do expect delivery from DTC whereupon they will be distributed; whether they arrive on due bill date tomorrow remains unaswered...

and i think when we have them in our accounts at Scottrade??? EVERYBODY is greeeeeeeeeennnnnn [Big Grin]
what you saying? we have it in our account? i don't see them
no. local guy here kept re-quoting yesterday's position. So I called corporate and got a lady who read from a new memo, saying they do expect delivery, but whether it be on the actual due bill date, tomorrow, she couldn't say.
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
big dogs don't NEED to bark.....

 -

very true, lol, the dangerous ones don't...
 
Posted by BuyTex on :
 
btw, glass, going through the post, I see you mentioned ownership of DTC-not-gov't: is there a hint there of ties to our crooks in Florida?
 
Posted by keithsan on :
 
alphatrade kicked me out again, anyone know where else i can get free pink level 2 for a week?
 
Posted by BuyTex on :
 
Raptor, you might be interested in this post from i-hub:

Posted by: Dr Worm
In reply to: geowen57 who wrote msg# 51866 Date:5/24/2005 1:39:27 PM
Post #of 52027

"...Those accounts are being reviewed on a case by case basis, and it was determined that your account did not need the restriction..."

This is an interesting twist - I have not seen this before -- so if they are reviewing EACH account for ability to sell / buy GVRP, there is more going on that I thought at Ameritrade -- I am beginning to wonder if shares will be released in some sequence (i.e. FIFO - first in first out -- in other words, those that bought on May 17th get theirs before those that bought and held on May 18th, etc.) or are they going to imagine some scenario where they can give everyone their cleared shares all at once some time after May 25th (may be a LONG time after May 25th unless there is a forced buy in very soon)?


GVRP - "If the GlUV fits, you must split"

You are a better trader than me. Ignore my posts. I am just a worm.
 
Posted by vg on :
 
try ameritrade keith free for a month, put it under your grand mothers name and social works well, at the end of ur month use ur grand dad and so on
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
btw, glass, going through the post, I see you mentioned ownership of DTC-not-gov't: is there a hint there of ties to our crooks in Florida?

DTCC is THE MARKET...
here's the link...read up, these guys are who we have to trust......no choice....


http://www.dtcc.com/

look at the board of directors......
 
Posted by keithsan on :
 
quote:
Originally posted by vg:
try ameritrade keith free for a month, put it under your grand mothers name and social works well, at the end of ur month use ur grand dad and so on

no pink level 2's
 
Posted by jps72 on :
 
scottrd streamer shows high of .0002 today..etrade says only .0001. trades def. went at .0002. why, do you think the discrep.?
any thoughts?
 
Posted by vg on :
 
what r pink level 2s
 
Posted by cruz on :
 
nothing on the bid now
 
Posted by Triumph1902 on :
 
quote:
Originally posted by jps72:
scottrd streamer shows high of .0002 today..etrade says only .0001. trades def. went at .0002. why, do you think the discrep.?
any thoughts?

Same with Ameritrade..they now show a high of .0001
 
Posted by keithsan on :
 
quote:
Originally posted by vg:
what r pink level 2s

the pretty ones
 
Posted by <Trader88> on :
 
UPDATE: Just got this from Ameritrade:

Dear XXXXX:

Thank you for contacting us today regarding your shares of GVRP: Gluv
Corporation. The company paid a 3,000,000:1 forward split on 5/20/05,
with an ex-dividend date of 5/23/05.

At this time, there is no indication whether this split will be
amended, cancelled, etc. If it is reversed, we are in no position to
determine if any trade activity before or after the split will be canceled or
reversed. Due to this risk, we are not allowing additional purchases
that may subsequently be sold, increasing your risk. You may contact the
company to inquire of their intentions in this matter.

If you have further concerns or inquiries, please reply to this
message.

Sincerely,

XXXX
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.
 
Posted by BuyTex on :
 
UPDATE

OK, Scottrade also maintains that no broker has received actual f/s shares, yet.

Am seeing posts on i-hub indicating a couple of people with "Mytrack" have had their f/s shares pulled from their accouonts...
 
Posted by BuyTex on :
 
this is too funny--keithsan, at i-hub they got posts copied from you (with note about your great DD) and they just pulled mine about Scottrade's update...

( * waves HI! to folks at i-hub, guess we're all in this together, huh* )
 
Posted by <Trader88> on :
 
Just placed a sell order for 100,000,000 @ .001. just in case this thing runs today. Screw it, I'm taking the risk. At this point I believe any risk is very low. Every day we get through, the safer we are. Plus, I own the shares and they are in my account. I can do what I want with them.
 
Posted by George on :
 
quote:
Originally posted by vg:
what r pink level 2s

The white ones that got washed with the reds....
 
Posted by cruz on :
 
OW on the bid at 0 - nothing is on the bid

ask 2 at 0.0001
ask 2 at 0.0002
ask 1 at 0.0004
 
Posted by George on :
 
Actually Level 2 are where you can see which market makers are buying and selling. You can learn more by going to the allstocks education area. http://www.allstocks.com/edu/
 
Posted by dishgal1 on :
 
Has anyone contacted Gluv? Just curious....Trader you seem to be in a fairly defiant mood, maybe you could take this one on. I would be curious to see what they have to say.

LOL
 
Posted by keithsan on :
 
its gotta be a bunch of legal rassslin at the moment, gonna try to borrow scottrade level 2's for a bit.

ran at 3 yesterday from same situation, wonder if it'll repeat
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
Has anyone contacted Gluv? Just curious....Trader you seem to be in a fairly defiant mood, maybe you could take this one on. I would be curious to see what they have to say.

LOL

ROFL! Defiant? No. Disgruntled? Maybe. As far as contacting Gluv, I only contacted them to inform them that I was ignoring their BS PR and that the shares I bought were mine with due bills attached and that they were warned all week long and that I could do whatever I pleased with them and that I OWN THEM.
 
Posted by glassman on :
 
scotrade don't give me lev2 for pinks... [Confused]
 
Posted by glassman on :
 
that's the way 88

 -
 
Posted by cruz on :
 
it's past 3 - it's not running.
 
Posted by dishgal1 on :
 
trader.......good for you. Did you receive a response?

If they try to rescind this, they are asking for more trouble than they imagined I am sure. LOL
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
scotrade don't give me lev2 for pinks... [Confused]

crap:thought they did, mytrack does but you have to sign up for account...
 
Posted by BuyTex on :
 
Ok, one more, narrowing the time frame to trades made Friday and Monday:
---------
Posted by: olico
In reply to: Rocket Blasters who wrote msg# 51969 Date:5/24/2005 2:16:47 PM
Post #of 52096

Got this today if you missed it:

Dear Valued Izone Client,


Thank you for your email. The SEC and NASD is investigating recent trades on GVRP. Originally, all clients who have bought or sold GVRP were restricted. Since the focus of the investigation has been narrowed down to trades placed on 05/20/05 and 05/23/05 and your trades of GVRP do not fall under this time frame we were able to remove the restriction from your account.

Sincerely,

Client Services
Ameritrade Izone
Division of Ameritrade, Inc.

-------------
 
Posted by <Trader88> on :
 
quote:
Originally posted by dishgal1:
trader.......good for you. Did you receive a response?

If they try to rescind this, they are asking for more trouble than they imagined I am sure. LOL

No response, not that I was expecting one. I'll tell you one thing however. If my shares don't get delivered by the due bill date, I am hiring a lawyer. Theres no way they are getting away with this. Then I WILL be defiant, LOL
 
Posted by jps72 on :
 
last trade was 14:41 for 350k..whats up..
 
Posted by glassman on :
 
Since the focus of the investigation has been narrowed down to trades placed on 05/20/05 and 05/23/05

that makes no logical sense either...
 
Posted by DENSKIJR on :
 
Just got off the phone with Ameritrade again and my account is not frozen. They did reiterate that I do own my share and I could place and order to get the Stock Certificates if I wanted. But that's a good point BuyTex I bought my shares on 05-19-2005
 
Posted by jps72 on :
 
keith- i've got access to level II MMID I assume is what you are looking for(?), however notrades-no info.
 
Posted by glassman on :
 
i bet that insiders traded without filing form 144's or 4's......
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
Since the focus of the investigation has been narrowed down to trades placed on 05/20/05 and 05/23/05

that makes no logical sense either...

LOL i'm not even talking with those meatheads anymore, i got my shares and i feel ok to sell, but...I AINT

this could really jam when they clean it up.
rumors of a pr in waiting, but i figured that all along.
 
Posted by keithsan on :
 
quote:
Originally posted by jps72:
keith- i've got access to level II MMID I assume is what you are looking for(?), however notrades-no info.

MMID WTF is that, i have ameritrade, they don't do pinks, alpha just cancelled my grandma's card, must have my puter #
 
Posted by BuyTex on :
 
quote:
Originally posted by DENSKIJR:
Just got off the phone with Ameritrade again and my account is not frozen. They did reiterate that I do own my share and I could place and order to get the Stock Certificates if I wanted. But that's a good point BuyTex I bought my shares on 05-19-2005

just reminding: I am making no point, merely bringing this to the board's attention...

Glass, suggestions at i-hub mentioned the eod run friday (desperation vs going to officials, bad faith, etc?) and then the volume on Monday...
 
Posted by cruz on :
 
what's the price you're looking for keithsan? [Smile]
 
Posted by jps72 on :
 
trade just went though $10.00?? someone testing buys?
 
Posted by cruz on :
 
memorial day monday - market closed?
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
what's the price you're looking for keithsan? [Smile]

I'm just looking for the buying pressure on the problem fix, then i can tell. will be a week or 2 i assume.
 
Posted by Raptorsrule on :
 
I agree that makes no sense.....I owned all my shares on 05/18/05.

Just got off the phone with Ameritrade....again...they have the shares from DTC....again i have them in my account....again...IF the company recinds the split or changes it I would have to "give" them back. If I have already sold I would have to make an open market buy to cover. Again...they have no indication whatsoever that the company intends to do this but the broker did say it was a mess because the trades that have been made have been at inflated PPS values.....one final note....he said he had no idea when this would be cleared up....further Ameritrade may receive no official answer since the shares have been delivered.it may just boil down to the company either going forward with the split or obtaining approval from the SEC to recind it..he suggested I contact the company and or wait for a PR.

Has anyone tried to contact the company???
 
Posted by jps72 on :
 
keith- etrade pro level II shows the trade just made at 3:22. it also has 3 columns MMID BID and ASK...dont know what it is...market maker id??
 
Posted by glassman on :
 
i think we have liftoff.... bid .0001 ask .0002

now just back up the truck and dump the shares...
 
Posted by cruz on :
 
0 on the bid

ask
0.0001
0.0002
0.0002
0.0004
0.005
0.005
0.01
0.01
0.01
 
Posted by keithsan on :
 
quote:
Originally posted by jps72:
keith- etrade pro level II shows the trade just made at 3:22. it also has 3 columns MMID BID and ASK...dont know what it is...market maker id??

forgot about etird, got one of those accounts too i'll go check it out thx.
 
Posted by dishgal1 on :
 
So are we still afraid to sell?
Anyone?
 
Posted by cruz on :
 
7.9 mil trade went thru at 0.0001
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
So are we still afraid to sell?
Anyone?

afraid, i don't want to sell
 
Posted by George on :
 
quote:
Originally posted by keithsan:
its gotta be a bunch of legal rassslin at the moment, gonna try to borrow scottrade level 2's for a bit.

ran at 3 yesterday from same situation, wonder if it'll repeat

I have scottrade L2's but they do not have it for pinks...
 
Posted by cruz on :
 
9 mil went thru at 0.0002
 
Posted by jps72 on :
 
.0002 for 9mm...go.go.goooo
 
Posted by cruz on :
 
no 0.0001 on the ask
 
Posted by <Trader88> on :
 
This is too damn quiet. If I were a betting man, I would say look for a PR today after the bell. IMO, we will know more very soon. They need to cover soon, they are running out of time....
 
Posted by cruz on :
 
10 mil at 0.0002
 
Posted by jps72 on :
 
a billion (almost) at .0002.....
 
Posted by cruz on :
 
we have 1 on the bid at 0.0001
 
Posted by TampaInvester on :
 
quote:
Originally posted by jps72:
a billion (almost) at .0002.....

are these buys or sells?
 
Posted by glassman on :
 
.0002 should mean traders buying fromthe MM's....
 
Posted by George on :
 
The fastest growing thread on Allstocks .... GVRP
 
Posted by TampaInvester on :
 
I hope it turns out to be the thread which made the most $$ for all of us
 
Posted by Triumph1902 on :
 
What are you guys showing for volume today?
 
Posted by TampaInvester on :
 
556,408,396
 
Posted by glassman on :
 
something else:

GVRP quotes are now on microcaptrade....as of 11:02:37 today....more signs of life.....


the company may in fact not be happy right now, but it would not surprise me to see them come out way ahead from this "blunder"
 
Posted by TampaInvester on :
 
Is it time to call scottrade again just to check whats going on? or should we just wait till 12.00 tonight
 
Posted by BuyTex on :
 
i don't see midnite as a marker...
 
Posted by elitedb on :
 
Well I got near the computer late this afternoon and took either a bold step or a stupid step: I sold 10 million @ .0001. Needless to say I will make no effort to touch the $1,000. If there is to be litigation I wanted to be in the position of being a named plaintiff in any class action litigation. May turn out to be the perfect example of a lawyer of represents himself (in this case advises himself) has a fool for a client.

If this litigates I wanted to see it go from the inside and besides named plaintiffs get paid better. LOL

Hopefully, this will all work itself out. Surely the MM's want trade to continue. Think of the volume and the absurd spread they set up.

If this gets nasty only the attorneys win.

By the way, after the sale Ameritrade let me continue to trade other stocks. I also tried to buy GVRP and was denied (wonder on what authority?)
 
Posted by dishgal1 on :
 
elite......I was told by Ameritrade they were not allowing purchases to protect against future situations like we are experiencing right now.

They did this for a while with CMKX.....way back when.
 
Posted by dishgal1 on :
 
Ameritrade did tell me....they have received no communication from the company regarding this matter. At least not that he knew.

Most of their info has come from us and I suppose it sounded shady enough for them to initiate their right to protect us. LOL
 
Posted by elitedb on :
 
The only live conversation I had with Ameritrade, they called me over the weekend to tell me I had my shares. I have yet to figure out why they called since they never have any other time. I assumed that they already had the shares and had already reviewed the options.

When all this started last week everyone marveled at the possibility of $30,000 per 100 shares. We all bought in knowing there was a potential payday. But we all also knew the risk of never getting paid was considerable, thus the warning to put very little at risk and certainly nothing you could not afford to lose. A great bit of advice on all these penny gambles.

However, with great risk comes the potential for great rewards. The potential reward should always increase as the risk to the total capital increases, or why make the investment or take the risk. In this situtation we have the risk of total loss, partial loss, years of delays, litigation etc. thus, we all made a calculated assessment to take a risk.

Today I decided to follow through on the arguments I made in this thread and set myself in the fight if need be. If Ameritrade freezes my account over this, the lawsuit grows. And while I wait, thankfully I will not need the assets to survive, pay my mortgage or feed the family. Nothing in the account that I trade pennies with and that I consider at risk anyway will change life and can await the time frame to resolve the issues. Hopefully I will never have to eat these words but at least I did what I believed in. I cannot sell short shares in my account because the will not allow it, so if I sold shares they had to be there or it is Amertrade's mistake.
 
Posted by <Trader88> on :
 
Here's my basic take on this whole thing:

We took the risk. We knew there were due bills on this stock. They were warned repeatedly, so they knew about the due bills too. We were sold stock last week with due bills attached, and we are entitiled to the market determining what they are worth, not brokers or the company. Shares need to be delivered by Thursdays trading, and the person or persons who dumped shares on the market last week needs to cover. We don't need to cover, we played by the rules. These brokers saying we will possibly need to cover is rediculous. Who do they think needs to cover first? The ones who dumped last week, because thats where the chain begins.....I will demand my due bills on Thu. from my broker.
 
Posted by dishgal1 on :
 
Elite and Trader ....I totally agree with you both and very well put.

Chain begins with them.
Trader, why don't you register....I will give you a star.
 
Posted by dishgal1 on :
 
Well, I am going to spend some time with hubby tonight. I have been at this puter for 2 days and nights. Exhaustion has set in. LOL

I will sneak in now and then though. LOL
 
Posted by elitedb on :
 
Dishgal, have fun.
 
Posted by Trader88 on :
 
OK, here I am, no stars, heheh
 
Posted by vg on :
 
Received this a couple of days ago from ameritrade. this is for you Trader88,

Received on the 23rd(yesterday) morning

Dear XXXX:

Thank you for contacting us today regarding GVRP.

For GVRP's 3 million for 1 forward split, the ex-dividend date is
5-23-05, record 5-13-05, payable 5-20-05 after market close. In order to be
entitled to the split shares, the earliest you may sell is 5-23-05, and
the latest to buy is 5-20-05.

Ameritrade paid the split shares according to the terms received
through DTC. At this time, we have no information as to whether the split
shares will be adjusted or amended.

If the split shares are recalled, and you sell, there is a possibility
that you may be subject to buy back the shares

If you have further concerns or inquiries, please reply to this
message.

Sincerely,

Joy Busse
Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
 
Posted by vg on :
 
thanx for the stars whoever gave them to me dont know if I deserve all those
 
Posted by dishgal1 on :
 
"For GVRP's 3 million for 1 forward split, the ex-dividend date is
5-23-05, record 5-13-05, payable 5-20-05 after market close. In order to be
entitled to the split shares, the earliest you may sell is 5-23-05, and
the latest to buy is 5-20-05."

VG.....Just look at those dates....How can the company do anything now but suck it up?
 
Posted by elitedb on :
 
Has anybody bought shares since Monday?
 
Posted by BuyTex on :
 
welcome, trader. vg, wassup, neighbor? got a bad one out there at I20 & 45, huh?
 
Posted by Trader88 on :
 
Looks like I am welcomed with open arms! 5 stars already, wow. How about this five: .0005
LOL
 
Posted by dishgal1 on :
 
Trader, you have your stars, now be nice...you might lose them....LOL
You are free to rate me too Trader....

Seriously, You added a lot to the discussion today and I like your attitude toward this company.
 
Posted by BuyTex on :
 
dishy, you're...shamless!, lol

what was your latest go-round w your broker?
 
Posted by Trader88 on :
 
Thanks dish, I appreciate that. I try to call it like I see it. I just feel strongly about this, the rules HAVE to work both ways, or the integrity of the market is compromised. I've lost money for bad trades, mistakes, etc. Did I have to pay? You better believe it. Two way street here baby!
 
Posted by BuyTex on :
 
can't just say, OOPS!

Broker: You will be liable if...

Me: Hey, you're the broker, go round 'em up.
We saw 33mm available, if you can't find 'em...then bust every MM that's been trading em, and throw the company officials in jail till tell they where they hid em...

I'm w you, trader...
 
Posted by Trader88 on :
 
I am seeing people at IHUB posting emails from brokers saying they can't buy or sell GVRP due to the PR the company put out on Sunday. Someone said "in effect, the company self-halted". If the brokers wont allow trading because of the PR, we can't trade. I might consider filing a formal complaint with the SEC about that. I'll need to do further checking, but it doesn't seem right that they can halt their stock "de-facto".
 
Posted by vg on :
 
hey dish what abt my attitude Just kidding do not inflate me like gvrp LOL
 
Posted by BuyTex on :
 
trader, i (we, some of us don't know how many) e-mailed the SEC on Sunday, almost immediately after the PR, saying in effect, it looked illegal. As far as the market, goes a company that could be a gimmick to trick peeps to buy. I think all they're allowed to do is present business case, acquisition news, etc. Can't say outright, Please Buy Our Stock. How can they say the opposite? And then contacting brokers directly (e-trade), holy moly...
 
Posted by glassman on :
 
this company could become the most widely held company in the world, if they play the cards correctly...and of course, if they are for real....

send them an e-mail saying that.....
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
trader, i (we, some of us don't know how many) e-mailed the SEC on Sunday, almost immediately after the PR, saying in effect, it looked illegal. As far as the market, goes a company that could be a gimmick to trick peeps to buy. I think all they're allowed to do is present business case, acquisition news, etc. Can't say outright, Please Buy Our Stock. How can they say the opposite? And then contacting brokers directly (e-trade), holy moly...

You hit the nail on the head BuyTex: THEY CAN'T SAY 'PLEASE BUY OUR STOCK', HOW COULD THEY SAY THE OPPOSITE?

Put a star on BuyTex...
 
Posted by BuyTex on :
 
Yup, "Hey, you knotheads, I bought on news of exciting merger--what are you *doing*?"
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
Yup, "Hey, you knotheads, I bought on news of exciting merger--what are you *doing*?"

Thats why I bought, thats why I did nothing wrong by putting my life savings into this. The merger sounded exciting to me! LOL
 
Posted by Trader88 on :
 
[/qb][/QUOTE]You hit the nail on the head BuyTex: THEY CAN'T SAY 'PLEASE BUY OUR STOCK', HOW COULD THEY SAY THE OPPOSITE?

Put a star on BuyTex... [/QB][/QUOTE]


Correction: They did not even say "please do not trade our stock" they said "DO NOT TRADE THIS STOCK"....even worse.
 
Posted by dishgal1 on :
 
Wouldn't that be illegal? DON'T TRADE THE STOCK...Doesn't sound legal to me....

Oh and VG....your attitude is great too. LOL

Buytex....missed you today.
 
Posted by Trader88 on :
 
What if I just shorted a stock and issued a press release telling people not to buy it. I'd be thrown in jail.
 
Posted by dishgal1 on :
 
--------------------------------------------------------------------------------
What if I just shorted a stock and issued a press release telling people not to buy it. I'd be thrown in jail.

[Big Grin] That is hilarious....I am tired and everything is funny right now. Trader you are funny, but that is so true.
 
Posted by vg on :
 
I'm out for sometime its getting slow will be back on and off getting tired of the comp. Dont have glasses but will probably need lasik after this thing is over.
 
Posted by dishgal1 on :
 
Oh by the way, my son Raptor is supposed to be on the phone with Ameritrade asking if it is legal for them to manipulate the market by allowing selling but no buying.

Can't wait to hear from him.....Hope he didn't call too late. He is furious because they froze his account. Getting madder by the moment.
 
Posted by BuyTex on :
 
don't blame him. That's why I copied that stuff offa that other thread re Ameritrade...imagine their liability, telling people, yah, trade it, it's yours we got it via understanding with DTC--then coming back later with all sorts of shenanigans...YIKES
 
Posted by cruz on :
 
you should be able to afford it. [Smile]

quote:
Originally posted by vg:
I'm out for sometime its getting slow will be back on and off getting tired of the comp. Dont have glasses but will probably need lasik after this thing is over.


 
Posted by Trader88 on :
 
This might sound crazy, but how do you know if your acct is frozen? It's never happened to me b4, just wondering if there's any way I could check right now just to verify, TIA.
 
Posted by dishgal1 on :
 
He put a buy order in for another security. It would say pending and then it cancelled.

Come to think of it I bought MTDX this morning and I remember that pending and I had never seen that before, however mine went thru.

You might try to put in a trade.....and see what happens.

I believe he could sell anything he wanted to though. He will be posting shortly. He is gathering his thoughts from his conversation with Ameritrade.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
This might sound crazy, but how do you know if your acct is frozen? It's never happened to me b4, just wondering if there's any way I could check right now just to verify, TIA.

From Raptor's post this afternoon:

---
Well folks...I'm pissed....

While trying to make a buy of another stock...I noticed my orders kept getting cancelled. I called Ameritrade and was told my funds (all of them! not just proceeds from my sale of GVRP yesterday) have been locked up due to the GVRP debacle....I was told by the broker that we are free to trade the GVRP shares but at this time we are doing so at our own risk in case the company ammends the reorganization / split. They do not know when it will be resolved but he said he certainly hopes it's soon.

----

basically you can see your screens, charts, etc but can't trade--depending on the broker, you might get messaged...
 
Posted by Trader88 on :
 
OK, well I haven't tried to buy anything today. All I did was put a test sell in for GVRP and it went through. The proceeds from my sale on Monday is registering on my acct. as tradable funds, even marginable. That says to me that I am allowed to trade with that money, but who knows. If my acct is frozen, there will be hell to pay, that is bs.
 
Posted by Trader88 on :
 
This is the first email I received from Ameritrade:

Dear XXXXX:

Thank you for contacting us today regarding the forward split for GVRP.

The additional shares posted to your account to your account May 20,
2005. You received 611,999,796 additional shares. I hope this
information is helpful.

We are committed to providing you with the highest quality service and
satisfaction. If you have further concerns or inquiries, please reply
to this message or contact us by telephone at 888-871-9007.

Sincerely,
XXXX
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.


I better keep that. Sounds to me like the shares are mine.
 
Posted by BuyTex on :
 
yeah, i think their exposure is huge...implying DTC Okay to freezing folks accounts? heeeellllllooooooo....
 
Posted by Raptorsrule on :
 
Trader....I can go in my account right now and try to place a buy for anything and my order goes to pending and then canceled. The one buy today required a broker to place the trade for me after he made sure my 1000 dollar proceeds weren't being used to make the buy.....

absurd....yes...but it seems rather than flagging the 1000 dollars they simply flag the whole freakin' account forcing me to now go to a broker to make any of my trades. Insert many explicatives here......from now exp. will be the abbreviation for explicatives...

More on exp. absurdity....I contacted Ameritrade for the fourth exp. time a little while ago and spoke to a very nice broker. (exp.) When asked why it is ok to allow sells but no buys even though their is no halt; she replied the restrictions were in place for risk management.....I told her it sounded remarkably like manipulation....

I also asked her has she ever....ever.....ever...heard of a company simply changing their mind on an issue like this after many days of trade and legal filings....to which she said no....imagine that...we have a precedence setter here. I personally love those:)

Yes folks we took the risk....we played by the rules and guess what...we're right. As trader so aptly described with his "make a bad trade, issue a PR" analogy", welcome to my world GVRP....hows it feel.

Hey....GVRP.....are you listening......This exp. thing better churn.

PS....I withdraw my recommendation of Ameritrade to you folks as their participation in this has only increased their exposure to risk by determining who gets to buy and who gets to sell without any official halt in trading. Great risk management.....I wonder how much money could have been made....mmmm..mmmmm...mmmm. For that matter all of the brokerages leveeing self prescribed measures are in MHO exposed as well.....EXP.
 
Posted by Trader88 on :
 
quote:
Originally posted by Raptorsrule:
Trader....I can go in my account right now and try to place a buy for anything and my order goes to pending and then canceled. The one buy today required a broker to place the trade for me after he made sure my 1000 dollar proceeds weren't being used to make the buy.....

absurd....yes...but it seems rather than flagging the 1000 dollars they simply flag the whole freakin' account forcing me to now go to a broker to make any of my trades. Insert many explicatives here......from now exp. will be the abbreviation for explicatives...

More on exp. absurdity....I contacted Ameritrade for the fourth exp. time a little while ago and spoke to a very nice broker. (exp.) When asked why it is ok to allow sells but no buys even though their is no halt; she replied the restrictions were in place for risk management.....I told her it sounded remarkably like manipulation....

I also asked her has she ever....ever.....ever...heard of a company simply changing their mind on an issue like this after many days of trade and legal filings....to which she said no....imagine that...we have a precedence setter here. I personally love those:)

Yes folks we took the risk....we played by the rules and guess what...we're right. As trader so aptly described with his "make a bad trade, issue a PR" analogy", welcome to my world GVRP....hows it feel.

Hey....GVRP.....are you listening......This exp. thing better churn.

PS....I withdraw my recommendation of Ameritrade to you folks as their participation in this has only increased their exposure to risk by determining who gets to buy and who gets to sell without any official halt in trading. Great risk management.....I wonder how much money could have been made....mmmm..mmmmm...mmmm. For that matter all of the brokerages leveeing self prescribed measures are in MHO exposed as well.....EXP.

Well said Raptor, and I like the explatives lol
 
Posted by glassman on :
 
change comes from within...
 
Posted by Raptorsrule on :
 
yes it does.

Your MB is full
 
Posted by glassman on :
 
something like this has been building up for quite some time....

i sit here and watch stocks double and triple more while on the SHO LIST....
 
Posted by glassman on :
 
quote:
Originally posted by Raptorsrule:
yes it does.

Your MB is full

gotta graze for awhile, LOL i'll get it fixed in a few....

 -
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:

I also asked her has she ever....ever.....ever...heard of a company simply changing their mind on an issue like this after many days of trade and legal filings....to which she said no....imagine that...we have a precedence setter here.


hmmmmmm, heard that somewhere before [Smile]

Raptor your broker sux.

(same as mine but i said it to glass so)
 
Posted by glassman on :
 
and Bush wants to privatise SS...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
and Bush wants to privatise SS...

it would be voluntary so nervous nellies wouldn't have to.
 
Posted by pcloadletter on :
 
No shares in trading direct until 27th?

Wells Fargo said they will stand behind my shares with no restrictions
 
Posted by BuyTex on :
 
I'm starting to like elite's position (i believe it was elite). I cannot recommend going to a grocery store while employees are mopping then falling down in order to sue them. That's a scam. We otoh saw a company that had been trading at a very high price before its r/s. Who's to say this current pps is "over-valued"? Don't divide by Friday's close, divide the pre r/s price by 3mm, or even the .0005 buyout and I think it's quite a bit higher than .0001. So, what about making at least a small trade in order to be named as a plaintiff for resultant litigation? ????MAYBE???? this is landmark in more ways than one...current congressional opinion on NSS is pretty hot...
 
Posted by glassman on :
 
funny how the company hasn't issued any clarifying PR huh?
 
Posted by Raptorsrule on :
 
Keith...yes...your term (precedent) and I took the liberty of shoving it down their throat.

Pretty EXP funny IMHO.......Keith I thank you...in my mind, this is only getting better....
 
Posted by Trader88 on :
 
I thought perhaps a PR would come today, in fact I thought it likely. We never saw one, and their strategy may be just to drag this sucker out real long and tire everyone out, or just evade everything as long as possible and get to the Caymans somehow. I don't know but this is starting to make me physically ill. Maybe I'll add pain and suffering to the claim.
 
Posted by pcloadletter on :
 
The Monday trades will have to clear by tomorrow.

This is lokking better and better!
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
I thought perhaps a PR would come today, in fact I thought it likely. We never saw one, and their strategy may be just to drag this sucker out real long and tire everyone out, or just evade everything as long as possible and get to the Caymans somehow. I don't know but this is starting to make me physically ill. Maybe I'll add pain and suffering to the claim.

pain and suffering...imagine all the traders who would agree with that...
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
The Monday trades will have to clear by tomorrow.

This is lokking better and better!

I think Fridays trades clear tomorrow. All I know is that the due bills are due tomorrow by midnight! Weeeeeeeeeeeeeeeeeeeeeeeeee
 
Posted by elitedb on :
 
Buy Tex, you probably do not need to make a sale to be part of any class action lawsuit. I did so to be available as a name plaintiff before a class is certified for any cause of action. I believe like Keith that the TA seems the most likely suspect here in releasing shares early and someone in the company just cashed in. Part of me wonders if the actual payday is the policy limits of the TA's insurance policy divided by the ourstanding shares. That could lead to a very small valuation unless the policy is HUGE and other assets can be thrown into the pot.
 
Posted by elitedb on :
 
I actually would perfer that the trading game goes on!!!
 
Posted by Trader88 on :
 
Various numbers have been thrown out there. I hear anywhere from 50MM - 200MM to cover this, depending upon how much pps goes up during the covering. Remember, there will be speculators too. Settlement is out of the quesion. Again, I'll make the analogy: If I do a bad trade, can I just settle with my broker or whoever and say "sorry, I just can't cover fully, so lets make a deal" LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by elitedb:
Buy Tex, you probably do not need to make a sale to be part of any class action lawsuit. I did so to be available as a name plaintiff before a class is certified for any cause of action. I believe like Keith that the TA seems the most likely suspect here in releasing shares early and someone in the company just cashed in. Part of me wonders if the actual payday is the policy limits of the TA's insurance policy divided by the ourstanding shares. That could lead to a very small valuation unless the policy is HUGE and other assets can be thrown into the pot.

My issue w that is scanning InterWest's Website did not show insurance info and I'm too new to know if they MUST have insurance for such cases. Other TAs, as I remember, *do* list such info on their sites. I believe we have been in agreement for many pages of this behemoth thread re liability -->>>TA, but don't know nuthin about limits/os. My main point was inspired by the "believe in fighting NSS--which I do--then make at least a small trade that won't hurt you if you have to cover."
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Various numbers have been thrown out there. I hear anywhere from 50MM - 200MM to cover this, depending upon how much pps goes up during the covering. Remember, there will be speculators too. Settlement is out of the quesion. Again, I'll make the analogy: If I do a bad trade, can I just settle with my broker or whoever and say "sorry, I just can't cover fully, so lets make a deal" LOL

I hear you, and agree about their scamminess. otoh, I would settle, right now: based on my projections of selling for an average price of .0004, I'll settle right now tonight for .00028
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by Trader88:
Various numbers have been thrown out there. I hear anywhere from 50MM - 200MM to cover this, depending upon how much pps goes up during the covering. Remember, there will be speculators too. Settlement is out of the quesion. Again, I'll make the analogy: If I do a bad trade, can I just settle with my broker or whoever and say "sorry, I just can't cover fully, so lets make a deal" LOL

I hear you, and agree about their scamminess. otoh, I would settle, right now: based on my projections of selling for an average price of .0004, I'll settle right now tonight for .00028
I want the market to decide what it's worth, and the market seems to think the floor is .0001-.0002, up from there. Settling for me would be somewhere around probably .0005 or 6 honestly.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
something like this has been building up for quite some time....

i sit here and watch stocks double and triple more while on the SHO LIST....

Well....it's time to stop it....

 -
 
Posted by Trader88 on :
 
What gets me is that someones broker said that they weren't allowing buy/or sell because the stock traded the past couple days for an "inflated" price. What I want to know is how can they say its inflated when the market determines that?????? Who knows, maybe this Digikids Co. is worth more than we think, or could be in the future, what right does a broker have to determine if its inflated or not.
 
Posted by BuyTex on :
 
my point, trader, is deals get "settled" all the time. I agree with your premise, live sword, die sword. They need to "let em play ball."

Or, stop it, everybody's broker! STOP Now, Back out about 12bb worth of trades, negate an eod run from appr 2.0 to over 2.0 above ask, then back out the profits reinvested in other stocks, etc, etc, etc.
 
Posted by <RebelYell> on :
 
[URL=http://www.investorshub.com/boards/board.asp?board_id=94&NextStart=52589][/URL]

This might help a couple of you calm down a little.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
What gets me is that someones broker said that they weren't allowing buy/or sell because the stock traded the past couple days for an "inflated" price. What I want to know is how can they say its inflated when the market determines that?????? Who knows, maybe this Digikids Co. is worth more than we think, or could be in the future, what right does a broker have to determine if its inflated or not.

my point about the pre r/s price...if "they" know it's overvalued---what the he77 does that say? Let's just ask them and quit trading...
 
Posted by BuyTex on :
 
quote:
Originally posted by <RebelYell>:
[URL=http://www.investorshub.com/boards/board.asp?board_id=94&NextStart=52589][/URL]

This might help a couple of you calm down a little.

it might

'cep ur link don work (http://www.thanksalot.com)
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by glassman:
something like this has been building up for quite some time....

i sit here and watch stocks double and triple more while on the SHO LIST....

Well....it's time to stop it....

 -

lol, Raptor, is the pilot wearing airman's GLUVs?
 
Posted by Raptorsrule on :
 
BTEX....no doubt.....
 
Posted by greatimes on :
 
Subject: RE: GVRP Forward split

Date: 5/24/2005 2:11 PM

Message:

We anticipate receiving a distribution of these additional shares to disperse to our customers who are due the shares within five to seven business days. Typically with foreign and/or "low value" type stocks there can be a slight delay in getting the distributed shares from the transfer agents and having them credited to the account.

If you have any other questions or comments, please send us another message at any time. We appreciate your business.

Sincerely,
 
Posted by George on :
 
quote:
Originally posted by greatimes:
Subject: RE: GVRP Forward split

Date: 5/24/2005 2:11 PM

Message:

We anticipate receiving a distribution of these additional shares to disperse to our customers who are due the shares within five to seven business days. Typically with foreign and/or "low value" type stocks there can be a slight delay in getting the distributed shares from the transfer agents and having them credited to the account.

If you have any other questions or comments, please send us another message at any time. We appreciate your business.

Sincerely,

which broker is this from?
 
Posted by BuyTex on :
 
quote:
Originally posted by greatimes:
Subject: RE: GVRP Forward split

Date: 5/24/2005 2:11 PM

Message:

We anticipate receiving a distribution of these additional shares to disperse to our customers who are due the shares within five to seven business days. Typically with foreign and/or "low value" type stocks there can be a slight delay in getting the distributed shares from the transfer agents and having them credited to the account.

If you have any other questions or comments, please send us another message at any time. We appreciate your business.

Sincerely,

details, please: to/from, full headers, circumstances, etc...
 
Posted by greatimes on :
 
From Fidelity

I asked when I would see the shares
 
Posted by BuyTex on :
 
my thought is to remind them the due bill date is 5-25.
 
Posted by BuyTex on :
 
this is ENCOURAGING!


(remember, it's a re-post)

Posted by: pdc021376
In reply to: GA1 who wrote msg# 52657 Date:5/24/2005 9:34:03 PM
Post #of 52691

Appaently they are calling people and saying they are short now but nice finds by timmage, bob, art, etc...

"NASDR also notes that the obligation for making an affirmative determination and complying with the Bid Test Rule rests with member firms and may not be shifted to customers. For instance, members may not satisfy the Affirmative Determination Rule for short sales by merely giving warnings to customers that they are required to make good delivery of the securities or that they will be financially responsible for any losses incurred from covering short sales." and "receipt of a short sale and the "inadvertent" nature of a short sale in no way eliminate or reduce the obligations of member firms to comply with the short sale rules." Both of these items are found here in the NASD regulations.

http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_004038.pdf


Also it appears that we are supposed to be notified if a position might be sold short according to this statement from the NASD. "Notwithstanding the fact that the customer may not intend to sell short, a member that offers online trading services to its customers must program such systems to ensure that the member is complying with all trading and market-making rules, including the short sale rules. In other words, when the above referenced situations occur, members’ systems should consider the stock positions in customer accounts and the number and status of all orders and cancellation
instructions. Member firm automated systems should execute such short sales in compliance with the short sale rules, and NASDRSM and Nasdaq recommend that firms design their systems to provide customers with notice when they may have placed an "inadvertent" short sale. In sum, the means of receipt of a short sale and the "inadvertent" nature of a short sale in no way eliminate or reduce the obligations of member firms to comply with the short sale rules."


( BUMP this one, gang, till an informed reply supercedes ) ... seriously
 
Posted by dishgal1 on :
 
BUYTEX you are a doll.....Great find.

To me what this is saying is Ameritrade should never have let us sell short.....We did it unknowingly. Our shares were in our accounts.....
Looks like to me it is their problem if there is one.

Again...Great Find.
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
BUYTEX you are a doll.....Great find.

To me what this is saying is Ameritrade should never have let us sell short.....We did it unknowingly. Our shares were in our accounts.....
Looks like to me it is their problem if there is one.

Again...Great Find.

others say so too, see PM

DD & keep bumping
 
Posted by Raptorsrule on :
 
I am selling my exp OFF tomorrow if we hit .0005 and they can bl0w me.....BuyTex....excellent find......

cheatin' ba$tards.....
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
I am selling my exp OFF tomorrow if we hit .0005 and they can bl0w me.....BuyTex....excellent find......

cheatin' ba$tards.....

5 would be a nice price, thought we'd hit that today but there was a little slow down and worry about shares buy traders. I have heard, .0001 sells weren't filled by ameritrade. Also hear that is no longer the case.

someone has to buy those shares I AM HOLDING ALL!! WE have time kids. Also, if other brokers get their shares tomorrow, expect the immediate newbie dump to take place. so low prices.
 
Posted by dishgal1 on :
 
someone has to buy those shares I AM HOLDING ALL!!

[Eek!] So how long are you holding? Just curious....I tend to agree with you on that.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Raptorsrule:
I am selling my exp OFF tomorrow if we hit .0005 and they can bl0w me.....BuyTex....excellent find......

cheatin' ba$tards.....

5 would be a nice price, thought we'd hit that today but there was a little slow down and worry about shares buy traders. I have heard, .0001 sells weren't filled by ameritrade. Also hear that is no longer the case.

someone has to buy those shares I AM HOLDING ALL!! WE have time kids. Also, if other brokers get their shares tomorrow, expect the immediate newbie dump to take place. so low prices.

here's one--again, re-post--showing succesful churn through threats of broker--do your own DD!

Posted by: GA1
In reply to: pdc021376 who wrote msg# 52658 Date:5/24/2005 9:38:07 PM
Post #of 52713

is it showing short on the positions page or are they just calling? Good find on that NASD regs.

I had a split a couple of years ago, was LUMI i was only buyer at 5 bucks, wayne i htink followed at 10, was a 20 bagger, RJT.com was calling me for days threatening me i was short. They paid me. I told them to get screwed. Was an ex date/record date screw up. Dont swaet it pdc, it will work out.

GA

imo, this aint as good as the one with the links, see above. keep bumping that till masterkeith says no
 
Posted by dishgal1 on :
 
How can you tell on the positions page if it is showing short?
 
Posted by Raptorsrule on :
 
It will tell you "your account contains no short positions"
 
Posted by <RebelYell> on :
 
That is the information that I was directing you to. (when my link didn't work). That is why the broker shut down sells when they realized the shares would not be available.

Slow down and think about it ONE more time. How many people can get their dividend shares when the O/S consists of 33 million post split(unless the printing presses are running now). This board alone theoretically owns this company many times over (pre or post split). There is no need to hassle your broker about the shares tomorrow, because they won't have them, because they DO NOT EXIST, unless you win the lottery and get the first chance at the 33M. Every share that has been traded since this began, except possibly a couple of shares, has been sold short, either intentionally or unintentionally.

However Thursday morning, if we are still playing,I will contact my broker and ask for my shares. I won't get them but I will ask. [Smile]

Just don't get too excited and count your chickens before they hatch.

Just my opinion but I think you may be a part of something historical. It may or may not make the headlines, because we all know that our present system does not allow the selling of nonexistant securities so NSS can't possibly happen. LOL

Sure looks to me like it has happened here.
 
Posted by BuyTex on :
 
apparently, from my scanning/lurking whatever you wanna call it, you Ameritrade guys also have a function that allows you to tell when your f/s shares have been confirmed/"settled"/identified...
 
Posted by BuyTex on :
 
Rebel, agreed. However, I bought shares w coupons due........where are they?...SOMEONE must deliver them to me.
 
Posted by Trader88 on :
 
Rebel Yell: "Just my opinion but I think you may be a part of something historical. It may or may not make the headlines, because we all know that our present system does not allow the selling of nonexistant securities so NSS can't possibly happen. LOL"

Yeah, we are. I'm guessing that the SEC might end up making this the poster child for this. I hope they do, so all this NS business can be put to rest for good. Theres no reason for them to be on the company's side here, we pay their salaries and they are there to protect us! As far as the brokers, it appears they are giving us scare tactics saying we can't do this and can't do that. BOGUS! If they are in my account, I will do anything (buy or sell) that I want with them. I OWN THEM.
 
Posted by cruz on :
 
would you guys like to sell all by the end of the week? wih the memorial weekend coming and all. or does the long weekend have no effect.
 
Posted by BuyTex on :
 
( hive mind considers )
 
Posted by cruz on :
 
of course leave some DOD shares.
 
Posted by keithsan on :
 
LOL, rebell, you think [Smile]

i didn't post here much today, you guys are crazy, as i said still holding.

my play from day one is to sell when they start the buyback, someone will have to do it. Tomorrow should be a crappy new seller dump day.
but, maybe the buyback starts then.

I am not worried about all this short talk since I won't give any a way for .0001

Good luck to all tomorrow. Since its the bills due date, I'd like to think it ALL goes down tomorrow but, things get delayed when lawyers are involved.
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
of course leave some DOD shares.

Only 10MM DOD shares here, the rest will be sold by me while the person who dumped on the market last week is covering.
 
Posted by dishgal1 on :
 
I am not showing any SHORT positions at this time....
 
Posted by cruz on :
 
they may not get their shares til after market closed tomorrow? thursday would be dump day? friday take off up? or wait til following tuesday to start the fireworks?

quote:
Originally posted by keithsan:
LOL, rebell, you think [Smile]

i didn't post here much today, you guys are crazy, as i said still holding.

my play from day one is to sell when they start the buyback, someone will have to do it. Tomorrow should be a crappy new seller dump day.
but, maybe the buyback starts then.

I am not worried about all this short talk since I won't give any a way for .0001

Good luck to all tomorrow. Since its the bills due date, I'd like to think it ALL goes down tomorrow but, things get delayed when lawyers are involved.


 
Posted by cruz on :
 
not one post today buy purl?
 
Posted by cruz on :
 
buy should be by [Smile]
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
not one post today buy purl?

Probably never really owned shares. Those of us who really do are stuck like glue, you know who you are, hehehe
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
buy should be by [Smile]

???? wtf, over?
 
Posted by keithsan on :
 
LOL cruz, finally not a question. It could take a month of legal ranglin before share buy back, with bills due date weds, i'm expecting it quick but we really don't know. this is an unknown.

just like when ameritrade got the shares a bunch sold market orders for .000002 LOL when later that day they would've got .0001 people get impatient. I can't say what will happen as i have no clue. I can tell you I'm waiting for the run.

If people doubt a run, why the major share push EOD monday and EOD friday.
 
Posted by <RebelYell> on :
 
Let me caution you guys about one more thing. The way I read and understood those regs, you could be off the hook ONLY if you sold over the internet without being warned of your possible liabilities. I am definitely not a lawyer, but you might want to read it again to make sure. I just don't want to see anyone here get hurt over this.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
LOL cruz, finally not a question. It could take a month of legal ranglin before share buy back, with bills due date weds, i'm expecting it quick but we really don't know. this is an unknown.

just like when ameritrade got the shares a bunch sold market orders for .000002 LOL when later that day they would've got .0001 people get impatient. I can't say what will happen as i have no clue. I can tell you I'm waiting for the run.

If people doubt a run, why the major share push EOD monday and EOD friday.

there ya go...
 
Posted by cruz on :
 
i just noticed no post today from purl gurl.

quote:
Originally posted by BuyTex:
quote:
Originally posted by cruz:
buy should be by [Smile]

???? wtf, over?

 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by cruz:
not one post today buy purl?

Probably never really owned shares. Those of us who really do are stuck like glue, you know who you are, hehehe
Purl is a great trader and definately owned shares! If you ever have a question about a company and their filings she's the man. That is not a question. She absent today because (i think) i offended her. Hopefully she will be back and nothing more serious has taken place.

I am just obnoxious at times.
 
Posted by BuyTex on :
 
quote:
Originally posted by <RebelYell>:
Let me caution you guys about one more thing. The way I read and understood those regs, you could be off the hook ONLY if you sold over the internet without being warned of your possible liabilities. I am definitely not a lawyer, but you might want to read it again to make sure. I just don't want to see anyone here get hurt over this.

tons!!!tons!!! sold over the "the net" w/o being warned; no way to unwind it--what're we in, now day 9 or 10? I hear you about individual accountability,,,;;;:::???but look at the market, how can they stop it now?
 
Posted by cruz on :
 
did you think the eod monday run could have been a buy back? just learning on how you determine a buy back because they don't have to release a pr, correct?
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Trader88:
quote:
Originally posted by cruz:
not one post today buy purl?

Probably never really owned shares. Those of us who really do are stuck like glue, you know who you are, hehehe
Purl is a great trader and definately owned shares! If you ever have a question about a company and their filings she's the man. That is not a question. She absent today because (i think) i offended her. Hopefully she will be back and nothing more serious has taken place.

I am just obnoxious at times.

keithsan, a piece of a break: you're cool to step up to the plate, but she was busting you at least as hard you busted back, then you started the day making peace...
 
Posted by cruz on :
 
maybe purl took a PTO day. she is after all our secretary of treasurer. [Smile]
 
Posted by BuyTex on :
 
but I agree, re purl: hope she comes back even though she busted me alot, lol!
 
Posted by BuyTex on :
 
quote:
Originally posted by <RebelYell>:
Let me caution you guys about one more thing. The way I read and understood those regs, you could be off the hook ONLY if you sold over the internet without being warned of your possible liabilities. I am definitely not a lawyer, but you might want to read it again to make sure. I just don't want to see anyone here get hurt over this.

thanks for reading--good post--see if Bob will let you sign back up...you've had some good posts in this monster thread...
 
Posted by Trader88 on :
 
Maybe she uses different aliases? You say she is a good "trader" right? hehe
 
Posted by keithsan on :
 
[/qb][/QUOTE]keithsan, a piece of a break: you're cool to step up to the plate, but she was busting you at least as hard you busted back, then you started the day making peace... [/QB][/QUOTE]

LOL: there was not war to make peace with, your right, we've had give and takes in the past and I thought it was the same.

As I said I hope all else is well and its nothing serious. I also hope she'll be back. We are all better traders with her knowledge. She brings a lot to the site.
 
Posted by <RebelYell> on :
 
OOPS!!

Forgot my full disclosure. I did pick up some trading shares today and may pick up some more tomorrow to add to the confusion. Had no trouble buying at .0001, but never got the sell on a chunk at .0002.
 
Posted by keithsan on :
 
there was the equivalent of a trading halt today. mm's just stuck it with weds being bills due. they chose to sit it. they didn't buy at .0001 for nothing. they won't take a loss.
 
Posted by BuyTex on :
 
quote:
Originally posted by <RebelYell>:
OOPS!!

Forgot my full disclosure. I did pick up some trading shares today and may pick up some more tomorrow to add to the confusion. Had no trouble buying at .0001, but never got the sell on a chunk at .0002.

c wut i'm saying: unwind this...
 
Posted by glassman on :
 
quote:
Originally posted by Trader88:
Maybe she uses different aliases? You say she is a good "trader" right? hehe

she's also a good programmer....maybe great, i am not qualified to judge how good the programs are from a technical perspective, BUT i have some small expertise in linguistics, and her work is "tight"


have you ever checked out her AI programs? she has a male and a female...they are very impressive......they are better at the english language and grammar than most people....
 
Posted by Raptorsrule on :
 
she's a good "trader"...hmmmmmm....LOL
 
Posted by DirtyDealer1123 on :
 
Sorry it took me so long to post this (son graduated tonight). But I did talk to Etrade today. The man told me shares would be either in my account by morning, or after close. he did not know exactly when, nor was he willing to let me speak to someone who did know, for sure. But also, take it, for what its worth, he also told me I did not buy until the 20th, when I did in fact buy, on the 19th.
 
Posted by DirtyDealer1123 on :
 
BTW I sure miss Purl, she would have already posted, about Etrade. And would have saved me waiting on the phone an hour. But Tex, Keith, Glassman,Trader, DishGal, and Rebel, Ty for the help, and research.

BTW Im holding till .0004, that will buy my boat, and leave me with enough to invest in "bar-poker tourneys" Coco Beach here I come!!

Not bad for only trading a few weeks, with just a couple dimes invested.
 
Posted by keithsan on :
 
quiet here today.....
 
Posted by dishgal1 on :
 
Good morning Keith, just lurking...LOL
 
Posted by BuyTex on :
 
g' morning...any news?
 
Posted by pcloadletter on :
 
Lets roll!
 
Posted by yoke yanker on :
 
Let the SHOW begin.
Cheers
 
Posted by pcloadletter on :
 
Everyone have their shares now?

Still don't have trading direct....they say friday once they are through the clearing house
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Everyone have their shares now?

Still don't have trading direct....they say friday once they are through the clearing house

none from Scottrade...Friday wouldn't surprise me...really doubt it will be today but I want to see what happens if they miss the due date...
 
Posted by keithsan on :
 
5x3
.0001x.0002
 
Posted by glassman on :
 
none here either...
 
Posted by DENSKIJR on :
 
Good morning all!! [Embarrassed] just collecting myself. I can't belive i've read all 67 pages of this but its sure been exciting [Big Grin]
 
Posted by pcloadletter on :
 
lots of 2s today if everyone holds out this could be good
 
Posted by Obiji on :
 
Good morning all,

so how much money are we at now? [Smile] Nasdaq ticker shows still at .0002 unchanged, I beleive brokers should be posting shares in accounts today, to deter from legal litigations.

Yay money!

Obiji
 
Posted by Raptorsrule on :
 
Good news...this AM...My account isn't locked...I just placed a trade all by myself...LOL
 
Posted by keithsan on :
 
5x2 now.....
 
Posted by pcloadletter on :
 
people, please do not sell at 1
 
Posted by cruz on :
 
good morning guys ... i am late....
 
Posted by Obiji on :
 
Now just out of curiosity, I was reviewing scottrades info....

12. $25,000,000 Account Protection
Scottrade is a member of the Securities Investor Protection Corporation (SIPC), which protects the customer accounts of its members up to $500,000 (including $100,000 for claims for cash*). A brochure with the details of the SIPC's protection is available at www.sipc.org. Scottrade has also purchased additional protection from Lloyd’s of London in the amount of $24,500,000 (an additional $900,000 in claims for cash) to pay amounts in addition to those returned in SIPC liquidation, subject to an aggregate limit of $100,000,000. Total account protection is $25,000,000, including up to $1,000,000 in cash. This coverage does not protect against the loss of the market value of securities. SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation.


Would that cover for shorts?

Obiji
 
Posted by glassman on :
 
quote:
Originally posted by Raptorsrule:
Good news...this AM...My account isn't locked...I just placed a trade all by myself...LOL

no doubt someone inexperienced did that lock thing not knowing their job....
 
Posted by cruz on :
 
yes no bid whacking
 
Posted by pcloadletter on :
 
it won't move up as long as people keep selling at 1...once it hits 3, we won't see 1 again
 
Posted by keithsan on :
 
all selling is allowed by ameritrade now, but not buying and they are the only broker not allowing buys....plausible speculation of ameritrade being short on this deal. trying to keep prices low. NO Idea though.

just waiting and waiting and waiting
 
Posted by glassman on :
 
yes, this IS giving us many clues as to how the market really works.....
 
Posted by dishgal1 on :
 
"yes, this IS giving us many clues as to how the market really works....."

Pretty much confirms what we already knew huh?
 
Posted by glassman on :
 
more or less dish, but good scientists conduct expirements to confirm their theories... [Big Grin]


seeing a lot of panicky trading today in other stocks....
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
seeing a lot of panicky trading today in other stocks....

holiday jitters?
 
Posted by glassman on :
 
NAUC looking for the bottom...
 
Posted by dishgal1 on :
 
I got out of NAUC too early. But got a good profit anyway. Pinkies scare me.
 
Posted by cruz on :
 
down a 1.00

quote:
Originally posted by glassman:
NAUC looking for the bottom...


 
Posted by glassman on :
 
check this pinkie out, i wish raptor would have spotted it a few days ago... [Big Grin]

RAPT
 
Posted by yoke yanker on :
 
For all the shares being "freed" up today, not many churning. Pretty slow and small lot sizes
Cheers
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
check this pinkie out, i wish raptor would have spotted it a few days ago... [Big Grin]

RAPT

Which one glass....
 
Posted by glassman on :
 
RAPT
 
Posted by ehya the fisherman on :
 
What do you see in RAPT?
 
Posted by Raptorsrule on :
 
Wow.wish I would have too...LOL....didn't realize my company had taken off like that glass....I'm rich...LOL


Raptor investments....I like it...LOL
 
Posted by glassman on :
 
quote:
Originally posted by ehya the fisherman:
What do you see in RAPT?

nuttn but a chart... don't get excited, i was just browsing for a trade and this popped up....i'm not going in...
 
Posted by cruz on :
 
5 x 4 at 0.0001 x 0.0002
 
Posted by <RebelYell> on :
 
Can't get a buy order filled this morning.
 
Posted by yoke yanker on :
 
Someone got a 9 mil order pushed through at .0002 @1034EDT.
 
Posted by cruz on :
 
low volume today
 
Posted by cruz on :
 
i doubt you will be able to buy at 0.0001. it is stacked on the ask at 0.0002. i wouldn't buy at 0.0002. it's clear what they are doing to recoup their loss.
 
Posted by BuyTex on :
 
you mean instant 100% ?
 
Posted by DENSKIJR on :
 
Has anybody been able to sell at .0002 It seems that only buys at .0002 will go through I may be wrong.
 
Posted by cruz on :
 
are you guys noticing the time & Sales. there's a buy at 0.0002 and then immediately a sell at 0.0001 for the same amount of shares
 
Posted by dishgal1 on :
 
I haven't tried to sell any at all.
I have decided to follow Keith's lead on this one.

So far he has not been wrong.
If everyone keeps selling at .0001 price won't move up.
 
Posted by Trader88 on :
 
This is totally bogus, Amtd won't answer my questions. Just keep getting the same bs boilerplate response. I've heard some say they are looking into the pps, they think a stock that is up 50X is suspicious. Are they now determining the market? I said to them, look, there is short covering going on here, the stock went up. Thats it, the price is whatever the market says it is. If someone (MM) is willing to bid .0001, then thats what its worth! Damn nutbags....
 
Posted by yoke yanker on :
 
What kind of time frame ya think we're looking at before their forced to start yanking some of these shares out of the market?
 
Posted by glassman on :
 
these guys are either clueless or disfactual [Big Grin]
 
Posted by George on :
 
So does anyone know for sure if Scottrade is releasing shares today?
 
Posted by DENSKIJR on :
 
Dish,

I agree I am holding the remaining of my shares I was just wondering if anybody had achieved the price.
 
Posted by cruz on :
 
us or them? [Smile]

quote:
Originally posted by glassman:
these guys are either clueless or disfactual [Big Grin]


 
Posted by Trader88 on :
 
If we are all holding, then why is a short squeeze not happening? They should need our shares here. The reason: brokers are not allowing buys. Disgraceful....
 
Posted by yoke yanker on :
 
Put in a small block at.0002 this morning just to see if they would bite. No takers yet.
Cheers
 
Posted by yoke yanker on :
 
Looks like last trade was 30 plus minutes ago. They must be up there pondering and scheming. (-;
 
Posted by glassman on :
 
quote:
Originally posted by cruz:
us or them? [Smile]

quote:
Originally posted by glassman:
these guys are either clueless or disfactual [Big Grin]


LOL the amrt brokers...

all the kings horses and all the kings men, couldn't put......
 
Posted by Trader88 on :
 
This is what I think, and mind you it's my opinion only. They are keeping this dog down so the person or persons can cover slowly without anyone noticing. The only thing I'm afraid of there is that when we finally want to sell, there will be massive selling and we will all end up with nothing. I'm selling 1/2 my position, screw it, if I get in trouble so be it. I'm not going to end up with nothing out of this.
 
Posted by dishgal1 on :
 
"looking into the pps, they think a stock that is up 50X is suspicious."

As if a thousand other pink sheets are not overpriced........what a joke! Who told you that trader?
 
Posted by dishgal1 on :
 
Trader, with the volume of the last 2 days, they haven't covered anything IMO. If they can't get our shares, they can't cover....am I correct in saying that or am I way off base?
 
Posted by Trader88 on :
 
quote:
Originally posted by dishgal1:
"looking into the pps, they think a stock that is up 50X is suspicious."

As if a thousand other pink sheets are not overpriced........what a joke! Who told you that trader?

I didn't get that email personally, so I guess you could consider it heresay. I saw it on IHUB, but I didn't save the link to the post. But it sounds plausible, actually I saw I think a couple of posts about that. But it still is heresay, I can't verify it.
 
Posted by glassman on :
 
it's suspicious cuz they didn't get their cut... [Big Grin]
 
Posted by Trader88 on :
 
Thats right glass, they didnt get their cut and they are pissed. It's ok when they make $$$$, but we make $$$$ and they don't like it. Listen, they are not allowing buys but they are allowing sells!!!! Doesn't make ANY sense, because their position is that there is risk to selling!! HAHAHAHAHA ....Why not allow buys? Only one reason: to keep the pps down.
 
Posted by Trader88 on :
 
Brokers should be called and asked to give any good reason not to accept buy orders. I bet they couldn't provide you with one.
 
Posted by keithsan on :
 
they haven't had to cover yet, and whoever has to buy these shares back will need a lot of money, they will try to buy them at .0001 or less if possible If they need to cover, as they should, theres just a little to many shares out...

the pps will move, even the sells at .0001 ar small, and everything is mirrored so mm's havent stocked up yet, hearing its tought to buy at .0001 I'm assuming last run MM's loaded up they als probably loaded up on Friday with that run...

Just guessing.
 
Posted by glassman on :
 
the MM's appear to be caught in the middle here... i bet they want it to trade too....
 
Posted by Trader88 on :
 
All I know is that due bills are due today, you know what that means. They must produce the shares. By all rights, there should be massive short covering right now.
 
Posted by Trader88 on :
 
What are peoples opinions. If we hold this thing long, who thinks we could see .0005 or better within the next month?
 
Posted by dishgal1 on :
 
I purchased OBDP this morning and evidently there was a review of my account because it said pending......then open....they were making sure I wasn't getting into the cash for the few shares I sold on Monday. That money never appeared as unsettled cash..........Now, tell me how they can even attempt to do that.
 
Posted by cruz on :
 
is a month risky to hold? if holding that long, only hold you dod shares.

quote:
Originally posted by Trader88:
What are peoples opinions. If we hold this thing long, who thinks we could see .0005 or better within the next month?


 
Posted by Trader88 on :
 
What about this. I am allowed to buy other stocks with the proceeds of my GVRP sale that I made on Monday. What if I do a daytrade, buy and sell my "new" other stock. I wonder if I would be able to cash out the funds from that proceeds?? Just don't understand. AMTD will let you buy other stock with proceeds here, but won't let you cash out. Seems like relatively the same thing to me.
 
Posted by George on :
 
ANy update on Scottrade giving us shares today?
 
Posted by Trader88 on :
 
Well, I already cashed out $11k. All of my shares left all 500,000,000 of them are dod shares.


quote:
Originally posted by cruz:
is a month risky to hold? if holding that long, only hold you dod shares.

quote:
Originally posted by Trader88:
What are peoples opinions. If we hold this thing long, who thinks we could see .0005 or better within the next month?



 
Posted by Raptorsrule on :
 
Trader....Ameritrade will not let me use my proceeds from my small sale o buy anything. I can now use my other funds...
 
Posted by Trader88 on :
 
Interesting point from IHUB:

http://www.investorshub.com/boards/read_msg.asp?message_id=6468522

Wrong opening price after r/s could be responsible for our price now. And part of this whole debacle.
 
Posted by rrttd on :
 
just talked to scotstrade they said they dont know anything about this stock and wont credit my account till they get ok from the dte or what ever
 
Posted by George on :
 
quote:
Originally posted by rrttd:
just talked to scotstrade they said they dont know anything about this stock and wont credit my account till they get ok from the dte or what ever

That is pretty much what I hear. They say there is no way we will ge these shares.
 
Posted by glassman on :
 
DTCC....


http://www.dtcc.com/
 
Posted by Trader88 on :
 
quote:
Originally posted by rrttd:
just talked to scotstrade they said they dont know anything about this stock and wont credit my account till they get ok from the dte or what ever

Don't know anything about this stock, yeah right, its only the most screwed up stock in the market, how could they know about it, LOL.
 
Posted by rrttd on :
 
I THINK ITS TIME FOR ME TO PUT THE BIG DUMP ON SCOTSTRADE MOST EVERY BODY ELSE AT LEAST HAS THEIR SHARES SO DUMP TO S.T.TAKE MY $$$$$$$ ELSE WHARE
 
Posted by BuyTex on :
 
quote:
Originally posted by rrttd:
just talked to scotstrade they said they dont know anything about this stock and wont credit my account till they get ok from the dte or what ever

call corporate in St Louis: 314-965-1555, be polit but persistent. Once they start answering, ask them why first person denied any knowledge. They've been responding to this since Friday and have memos throughout their system to branches...just my suggestion, but I bet others would like to hear your results...
 
Posted by glassman on :
 
quote:
Originally posted by rrttd:
I THINK ITS TIME FOR ME TO PUT THE BIG DUMP ON SCOTSTRADE MOST EVERY BODY ELSE AT LEAST HAS THEIR SHARES SO DUMP TO S.T.TAKE MY $$$$$$$ ELSE WHARE

no that's not true....
and if/when scotrade settles it? it will be settled IMO...

the clock stops ticking at midnight tonight...
if they aren't delivered by then? it becomes a legal matter... give them time to do their jobs...
 
Posted by rrttd on :
 
ILL TRY THAT THANX KEITH THANX FOR THIS ONE ITS BEEN FUN WATCHING FOR THE LAST FEW DAYS ONLY HAVE 40 SHS BUT NOW ITS THE PRINCEPIL SO CIRCLE THE WAGONS THE FIGHT IS ON
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
DTCC....


http://www.dtcc.com/

sidenote re broker snideness: when I mention DTCC, they say, "Who?" I say, 'the clearinghouse' They say, with thinly veiled contempt, "Oh, you mean DTC..."
 
Posted by Trader88 on :
 
You know whats funny? We show as down 50% for the day and yet we are really up 20,000% LoL! People just looking at the ticker would think we are taking a beating today.
 
Posted by cruz on :
 
bunch of trades going thru at 0.0002!
 
Posted by dishgal1 on :
 
LOOK at MTDX.......manipulation just like this....
They buy 800 shares for 1.30 and immediately sell it for 1.44.........too funny. Just watch last sale.
 
Posted by Trader88 on :
 
quote:
Originally posted by dishgal1:
LOOK at MTDX.......manipulation just like this....
They buy 800 shares for 1.30 and immediately sell it for 1.44.........too funny. Just watch last sale.

Thats the market as we know it. If they can buy low and sell high (sometimes at a huge gain), why should we not be able to? Apparently some of the brokers don't think we should. *&%$ them!!!
 
Posted by rrttd on :
 
TALKING TO SCOTSTRADE NOW AND GUY IS POLITE BUT SAYS THAT DTC HAS NOT ISSUED ANY SHARES TO ANYONE AND THEY WAIT TILL THEY ARE GIVEN TO THEM BEFOR DISPURSEMENTHES ON PHONE WITH SOME BIG SHOT NOW TRYING TO FIND OUT NEWS THIS GUY SAYS THAT THERER IS A HALT ON THE TRADING NOW AND THEY CAN RECEND THE SPLIT SO THERE NOT GOING TO ISSUE SHARES TILL ALL IS SAID AND DONE
 
Posted by Trader88 on :
 
They made the rules, we are just following them. Oh, I almost forgot...aren't due bills due by midnight tonite?? MMMMMUUUUAAAHAHAHAHA
 
Posted by DirtyDealer1123 on :
 
Dishgal, Im on it, and the swings are crazy today. And I still want my shares from GVRP!!! on hold with Etrade now. Allthough I already know the answer.
 
Posted by BuyTex on :
 
remember "disgorgement" ? :

http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-451493-C:*SEC&symbol=*SEC&news_region=C
 
Posted by Trader88 on :
 
quote:
Originally posted by rrttd:
TALKING TO SCOTSTRADE NOW AND GUY IS POLITE BUT SAYS THAT DTC HAS NOT ISSUED ANY SHARES TO ANYONE AND THEY WAIT TILL THEY ARE GIVEN TO THEM BEFOR DISPURSEMENTHES ON PHONE WITH SOME BIG SHOT NOW TRYING TO FIND OUT NEWS THIS GUY SAYS THAT THERER IS A HALT ON THE TRADING NOW AND THEY CAN RECEND THE SPLIT SO THERE NOT GOING TO ISSUE SHARES TILL ALL IS SAID AND DONE

They need to get their head out of their @$$!! Trading is not halted. These brokers have been sayin that off and on all week. Im tired of their BS.
 
Posted by vg on :
 
whats with the CAPS rrttd
 
Posted by cruz on :
 
looks like trading going on to me. last trade five minutes ago.
 
Posted by dishgal1 on :
 
Trader, I think the brokers are "performing" the halt. LOL I am showing trades go thru.
 
Posted by vg on :
 
what r u using to check the trades go through dish
 
Posted by cruz on :
 
i am using alphatrade. it shows time and sales.
 
Posted by vg on :
 
how much does that cost
 
Posted by Trader88 on :
 
Weird, my account balance goes from 50k to 100k and back again. I wanna catch the 100k , hehe
 
Posted by dishgal1 on :
 
last sale on Ameritrade VG
 
Posted by rrttd on :
 
sorry about caps just ticked off that we the people are like we droped the soap and their waiting for us to pick it up
 
Posted by glassman on :
 
Microcaptrade shows 57 trades for a grand ttoal of 25,000 dollars... [Big Grin]
 
Posted by vg on :
 
hey dish thanx but that wasn't me i'm on ameritrade but very far from the "sell" tab just waiting like everyone else
 
Posted by vg on :
 
glass what r u using to check out what trades r going through
 
Posted by glassman on :
 
getting more action and plenty of 9million share trades a.0002
 
Posted by glassman on :
 
quote:
Originally posted by vg:
glass what r u using to check out what trades r going through

look here....this is THE tool IMO


http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/forum/f/4.html
 
Posted by George on :
 
quote:
Originally posted by vg:
how much does that cost

your broker probally has a streamer avaliable for free. WHo do you use?
 
Posted by Trader88 on :
 
Bid Orders
Timestamp MM id BidSz Bid Price
05-25 08:59 TASL 5,000 0.0001
05-25 09:17 TDCM 5,000 0.0001
05-25 10:04 FANC 5,000 0.0001
05-25 11:47 BGTN 5,000 0.0001
05-25 11:47 BMIC 5,000 0.0001
05-25 12:30 DOMS 5,000 0.0001
05-25 12:53 JEFF 9,999,999 0.0001 (!!!!!!)
05-25 13:00 VFIN 100,000 0.0001
 
Posted by glassman on :
 
microcaptrade pays for itself by the time i've finished my second cup of coffee, on the first trading day of each month.... [Big Grin]
 
Posted by yoke yanker on :
 
I figure they are not covering the stock cause they are too busy retaining all the best pit bull SEC law firms in the country so they can't be used against them. Just a thought.
Cheers
 
Posted by vg on :
 
I use ameritrade I dont think they have em glass the site u sent was the allstocks site LOL
 
Posted by glassman on :
 
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/4/t/000011.html
 
Posted by Trader88 on :
 
I think once the word comes down from on high, this dog will start barking loudly. Hoping for a run EOD, would be a clear sign that everything is OK, IMO.
 
Posted by glassman on :
 
there are some rumors i'd like to clear up....

i generally don't ask too many questions about pinksheet share structures, cuz they aren't reliable...

does anybbody have any links to show filings that clearly state there were only 11 shares after the last RS????
 
Posted by Trader88 on :
 
"i generally don't ask too many questions about pinksheet share structures, cuz they aren't reliable..."

Understatement of the millenium.
 
Posted by Trader88 on :
 
Glass, I have seen no filings that say that. People have said that they talked to Lorraine at the T/A last week and that she said 11, but again thats heresay. I don't think there are any actual filings that say it. But there were 11 (or less, lol)
 
Posted by glassman on :
 
so, as far as we really know? this was a planned dilution.....
 
Posted by vg on :
 
where is purl or is she still here "trader"
 
Posted by Trader88 on :
 
Maybe, but it sure did not work out very well, LOL
 
Posted by Raptorsrule on :
 
Sounds that way glass.....and we intercepted the pass....
 
Posted by Trader88 on :
 
quote:
Originally posted by vg:
where is purl or is she still here "trader"

I plead the fifth
 
Posted by Trader88 on :
 
quote:
Originally posted by Raptorsrule:
Sounds that way glass.....and we intercepted the pass....

Hey, what we did was correct. We saw a good offer last week (with some risk involved) and we took it. Simple. They are in the wrong, BIG TIME, not us. I need to remind myself of that when emailing or talking to brokers, SEC or whoever.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Bid Orders
Timestamp MM id BidSz Bid Price
05-25 08:59 TASL 5,000 0.0001
05-25 09:17 TDCM 5,000 0.0001
05-25 10:04 FANC 5,000 0.0001
05-25 11:47 BGTN 5,000 0.0001
05-25 11:47 BMIC 5,000 0.0001
05-25 12:30 DOMS 5,000 0.0001
05-25 12:53 JEFF 9,999,999 0.0001 (!!!!!!)
05-25 13:00 VFIN 100,000 0.0001

any ideas on JEFF here?
 
Posted by <RebelYell> on :
 
My buy order just filled.
 
Posted by glassman on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by vg:
where is purl or is she still here "trader"

I plead the fifth
why waste a fifth? just drink it [Confused]
 
Posted by Trader88 on :
 
volume increasing. EOD run?? As far as JEFF is concerned, could be trying to load up accumulate , for what reason I have no idea.
 
Posted by vg on :
 
who is your broker? rebel
 
Posted by glassman on :
 
i reminded them they screwed up not me, in no uncertain terms....

they asked me :

why did you do this?

i told them principals...LOL

i think they heard it "principles" tho.... [Big Grin]
 
Posted by Trader88 on :
 
I'm gonna need a fifth pretty quick here. Volume is increasing as we speak. Already more than yesterdays total vol. I smell an EOD run. But still leery about selling, even tho I know the brokers are full of crap, there is still a hint of doubt. I don't want to be on the hook for 100k cover.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by Raptorsrule:
Sounds that way glass.....and we intercepted the pass....

Hey, what we did was correct. We saw a good offer last week (with some risk involved) and we took it. Simple. They are in the wrong, BIG TIME, not us. I need to remind myself of that when emailing or talking to brokers, SEC or whoever.
ya damn straight it was correct....
 
Posted by vg on :
 
thats what i'm scared of having to cover some BS I can wait for the proceeds from this one some more I mean whats the worst price I could sell at
 
Posted by glassman on :
 
it is still not on scotrades resticted clearing list

No Buys/Sells Only No Buys & No Sells

ORSTF DTSN#
.CVLUN GDTX#
CMKX BTYHX
INOV# TSFYV#
TRZA# IPPLF
MSMC#
IVCO
SEIH
UGMI
HPON
GMZC#
.AFPUN
GRDL
USCI
.FCEUN
.TPWUN
.TPLUN
AWHB
CESY
INCA
.AIUN
RVNM
AFRD
.IPLUN
.TAYUN
 
Posted by Trader88 on :
 
quote:
Originally posted by vg:
thats what i'm scared of having to cover some BS I can wait for the proceeds from this one some more I mean whats the worst price I could sell at

Well if you think about it, we have a hundred bagger right now in our hands! How often does that come along? If the brokers weren't discouraging selling, I think MANY MANY MANY more would have been sold by now. Matter of fact, if I knew I was in the clear, I would be more than happy to give it all to them for .0001. I'll take 20,000% on my money any day!
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
there are some rumors i'd like to clear up....

i generally don't ask too many questions about pinksheet share structures, cuz they aren't reliable...

does anybbody have any links to show filings that clearly state there were only 11 shares after the last RS????

came from the TA, if you call now, they are not speaking.....
 
Posted by vg on :
 
I wouldn't want to speak to anyone either if I was on the other side
 
Posted by glassman on :
 
so it's a RUMOR.....

give me my shares....
 
Posted by gtoverit on :
 
HI Glassman
I am a new member. I need alittle help understanding a few things on how this bulletin board works and what some terms mean. I am a beginner and need someone that is patient and wouldn't mind answering some guestions. I assure you alittle amusement at my expense. I think there is supposed to be a way of conversing via e mail. Could you help. gtoverit
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by glassman:
there are some rumors i'd like to clear up....

i generally don't ask too many questions about pinksheet share structures, cuz they aren't reliable...

does anybbody have any links to show filings that clearly state there were only 11 shares after the last RS????

came from the TA, if you call now, they are not speaking.....
TA reporteddly gagged by GLUV, no pun intended...
 
Posted by glassman on :
 
terms?


http://www.allstocks.com/edu/html/internet_lingo.html


allstocks home page has a lot of reference material too...

http://www.allstocks.com/

welcome to allstocks.. [Big Grin]
 
Posted by vg on :
 
gtoverit its cool to be new man just PM me if you dont want to look like a fool, i'm new too but learnt alot reading these threads and asking Qs
 
Posted by <H2NRG> on :
 
Regarding 11 share O/S pre-FS...

from GLUV Corp. B.O.D. IHUB Board i-box
quote:
Posted by: Jim Bishop
In reply to: Wayne R who wrote msg# 43999 Date:5/18/2005 10:57:33 AM
Post #of 44439

Wayne I just talked to both Brendy and Lorraine at Interwest Transfer. I've confirmed that post R/S but before F/S there's 11 shares outstanding.
http://www.investorshub.com/boards/read_msg.asp?message_id=6383861

Posted by: Jim Bishop
In reply to: Art2Gecko who wrote msg# 44396 Date:5/18/2005 11:01:34 AM
Post #of 44443

GVRP Okay here's the deal.

Brendy at Interwest told me there were 33 million shares out as of close yesterday. She could not tell me how many of those are restricted. She said that is post R/S but she didn't seem to know about any F/S.

I said, that makes no sense. If that is before the F/S and there is a 3 million to 1 F/S coming Monday, that means there will be 99 TRILLION shares out Monday morning...how many do they have authorized. That's when she passed me on to Lorraine.
http://www.investorshub.com/boards/read_msg.asp?message_id=6383966

Posted by: Jim Bishop
In reply to: Jim Bishop who wrote msg# 44403 Date:5/18/2005 11:04:15 AM
Post #of 44445

GVRP conversation with Lorraine at Interwest.

Lorraine confirms there are 33 million outstanding today. To make long story short, they adjusted their system for the 3 million F/S last Friday the 13th which is record date.

I told her that is wrong, that the F/S doesn't actually take effect until Ex Div date and NASD has set that date as May 23rd, Monday. She said, "that's not how we do it".

LOL I said, well that's how NASD does it and anyone selling those shares before Ex date, sells the split shares too.
http://www.investorshub.com/boards/read_msg.asp?message_id=6384026

Posted by: Jim Bishop
In reply to: Wayne R who wrote msg# 44511 Date:5/18/2005 12:21:14 PM
Post #of 44525

EVERYONE! I'm saying this once for now then I gotta get moving.

Brian at NASD Customer Complaints just called back after confirming with Nasdaq that GVRP ex dividend date it May 23 and it is trading Due Bills redeemable and yes....if I own it Monday morning I will be owed 3 million shares for every one share I own and they are due to be paid to me on or before the Due bills date of May 25th.

Nasdaq agrees.

LOL Brian adds, "good luck Jim, I just hope that paper is worth something"
http://www.investorshub.com/boards/read_msg.asp?message_id=6385602


 
Posted by Trader88 on :
 
[/qb][/QUOTE]TA reporteddly gagged by GLUV, no pun intended... [/QB][/QUOTE]

ROFL!!!! Literally!
 
Posted by vg on :
 
ROFLMAO "Thats not how we do it here"
 
Posted by BuyTex on :
 
holy Moly, Glass/Raptor:

RAPT up 123% !
 
Posted by gtoverit on :
 
Thanks glass I will start doing some reading
Thanks VG I will PM you once I figure how to do that.
 
Posted by Trader88 on :
 
I can't stop laughing, TEX, that was the most hilarious thing I've heard on the boards, gagged by GLUV, thats awesome.
 
Posted by glassman on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by ehya the fisherman:
What do you see in RAPT?

nuttn but a chart... don't get excited, i was just browsing for a trade and this popped up....i'm not going in...
funny, they just PRed, shoulda jumped in... maybe next time....

can't catch 'em all or you'll end up chasing yer tail.....
 
Posted by vg on :
 
gtoverit click on rate member and it comes up on the left
 
Posted by vg on :
 
Yup glass u had it at.04 if only we all got in the we'd have doubled up rite now and come back to the lil mess
 
Posted by Trader88 on :
 
Two scenarios:

1) Every day that this goes on, we are more in the clear.

or

2) Every day that this goes on, their lawyers are figuring out more and more ways they can get out of this.
 
Posted by glassman on :
 
quote:
Originally posted by vg:
Yup glass u had it at.04 if only we all got in the we'd have doubled up rite now and come back to the lil mess

i see these every day.... learn to use your tools....learn the rules

you thought i was joking when i said micracptrade pays for itself before the second cup of coffee every month????

to be honest? i don't post on most of these because they are burning matches...

learn discipline too...
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Two scenarios:

1) Every day that this goes on, we are more in the clear.

or

2) Every day that this goes on, their lawyers are figuring out more and more ways they can get out of this.

from what I understand, the GKLC 100-bagger took days to develop into a forced cover...so I'm voting for your scenario #1
 
Posted by Trader88 on :
 
Raptor, your stock is doing very well. Is that your personal ticker symbol RAPT?
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by Trader88:
Two scenarios:

1) Every day that this goes on, we are more in the clear.

or

2) Every day that this goes on, their lawyers are figuring out more and more ways they can get out of this.

from what I understand, the GKLC 100-bagger took days to develop into a forced cover...so I'm voting for your scenario #1
Yeah, but the magnitude of this and the people involved here is so much greater (not to mention the money involved). Thats why I think its only 50/50, although I think we SHOULD win. We are right, they are wrong. Why make the guys who were right pay?
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Trader88:
Raptor, your stock is doing very well. Is that your personal ticker symbol RAPT?

LOL don't I wish....
 
Posted by Trader88 on :
 
Volume has not budged in a while. False alarm, an hour and 40 minutes left. Still time for short covering or news.
 
Posted by vg on :
 
"Raptor, your stock is doing very well. Is that your personal ticker symbol RAPT?"

I think thats why ameritrade blocked him he used all the funds from this one and started up his own company LOL
Good job Raptor, You're doing better than these guys(GLUV Directors)
 
Posted by cruz on :
 
vg - i am using a free week trial with alphatrade.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by BuyTex:
quote:
Originally posted by Trader88:
Two scenarios:

1) Every day that this goes on, we are more in the clear.

or

2) Every day that this goes on, their lawyers are figuring out more and more ways they can get out of this.

from what I understand, the GKLC 100-bagger took days to develop into a forced cover...so I'm voting for your scenario #1
Yeah, but the magnitude of this and the people involved here is so much greater (not to mention the money involved). Thats why I think its only 50/50, although I think we SHOULD win. We are right, they are wrong. Why make the guys who were right pay?
agreed, there's differences, for sure, and I didn't know of GLKC till DD for this one. It's the only "precedent" I know of, and it took time. The principle s/b the same, yes, ie, force em to cover...???
 
Posted by vg on :
 
thanx cruz
 
Posted by Trader88 on :
 
Yeah Tex, I understand. The principle is the same. I wonder how many gloves they need to sell to pay us? I've calculated a theoretical number of 567,985,432,987 pairs.
 
Posted by keithsan on :
 
lets see if we move today at 3? was good monday and friday.
 
Posted by vg on :
 
they could make half of those with alot of profit if they use sheepskin fron Kenya.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Yeah Tex, I understand. The principle is the same. I wonder how many gloves they need to sell to pay us? I've calculated a theoretical number of 567,985,432,987 pairs.

well, on the bright side, peeps got *2 hands*, lol
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
lets see if we move today at 3? was good monday and friday.

the first sale in a while just went through, eh?
 
Posted by Trader88 on :
 
IHUB people saying there could be billions on the bid. I don't have pink sheet L2. Does anyone know? I know none of us will sell, even if that is the case. But if the bid is raised, it will get tempting.
 
Posted by glassman on :
 
IMO????they have to churn this to pay for it....
 
Posted by keithsan on :
 
just sold some at 1.07
 
Posted by George on :
 
$1.0700 2500 shares...what the f...
 
Posted by pcloadletter on :
 
$1.07 WTF!
 
Posted by glassman on :
 
that's not good....

i smell a change in the breeze.....
 
Posted by dishgal1 on :
 
1.07 2500 shares?????
 
Posted by vg on :
 
what just happened my acct says one mil. and the price is at 1.07??
 
Posted by glassman on :
 
we own the whole world YEAHHHHHHHH [Big Grin]


this i a mind- screw if i ever saw one...

cooooooolllll....
 
Posted by Trader88 on :
 
2500 just went through @ 1.07. We are officially worth more than Bill Gates, every one of us individually that is.
 
Posted by pcloadletter on :
 
very fat finger or MM signal?
 
Posted by dishgal1 on :
 
Keith are you serious?
 
Posted by vg on :
 
this is where i'm confused like a lion in Alaska WTF do i do?
 
Posted by George on :
 
okay ...everyone do not panic.....HELP >>WHERE ARE MY @%&$$#% SHARES...
 
Posted by Raptorsrule on :
 
quote:
Originally posted by keithsan:
just sold some at 1.07

Okay...so tell me how I can do that...LOL
 
Posted by vg on :
 
back to normal BS
 
Posted by Trader88 on :
 
That 1.07 was me, just needed a little pocket money and they reached out and grabbed it, LOl
 
Posted by vg on :
 
Hey keith what is up with that u start this thread and make the biggest sale "pump and dump" huh LOL
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by keithsan:
just sold some at 1.07

Okay...so tell me how I can do that...LOL
1.07 is my luck number...
 
Posted by keithsan on :
 
first sell i've seen at .0002 for 5 mill
 
Posted by glassman on :
 
i wonder if somebody had an old BUY order in from pre-split?????

no, they are supposed to be auto-canceled by the 'puter....
hmmmm.....
somebodies human broker might be having a stroke right about now....
 
Posted by vg on :
 
what other lucky numbers do u have Keith we need some
 
Posted by glassman on :
 
trader88 that's not even funny.....

they couldn't possibly be that desparate
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
trader88 that's not even funny.....

they couldn't possibly be that desparate

Wanna bet?
 
Posted by Trader88 on :
 
Damn I wish I had p. sheet L2! I heard a rumor the bid is now .0002. Can anyone confirm?
 
Posted by Triumph1902 on :
 
Now, if we could only get our DAMN SHARES...
Etrade is going to get an earful after trading ends today.
 
Posted by glassman on :
 
the trade didn't show up on microcap...but it did on sctrd.....

i didn't have the right board up to check the condition of the trade tho....

if somebody actually bought those shares? then i bet it's someone with a lot of shares trying to drive the PPS up...
 
Posted by yoke yanker on :
 
What's everyone's prediction for after midnight when the shares don't show up at the brokerage houses from the DTCC. ? Ought to be a whole lotta jumping and shouting going on
Cheers
 
Posted by keithsan on :
 
in Ilco at .0024
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
in Ilco at .0024

just for a quickie! forgot where i wuz
 
Posted by keithsan on :
 
6 minutes till 3
 
Posted by glassman on :
 
well i just finished my fourth bottle of antacids since monday [Big Grin]

dang there's 250 in each bottle too... [Eek!]
 
Posted by George on :
 
quote:
Originally posted by Trader88:
That 1.07 was me, just needed a little pocket money and they reached out and grabbed it, LOl

Too bad you do not have your shares yet...
 
Posted by cruz on :
 
1.07 is true - how about i place 1000 2500 share sell orders at 1.07?
 
Posted by vg on :
 
i think the next no. is 2.27
 
Posted by cruz on :
 
bid is stacked good at 0.0001

quote:
Originally posted by Trader88:
Damn I wish I had p. sheet L2! I heard a rumor the bid is now .0002. Can anyone confirm?


 
Posted by Trader88 on :
 
Lots of MM's on the .0001 bid. We have not seen that before. Something is about to go down, they don't get in there for nuttin'
 
Posted by BuyTex on :
 
well, keith, you shouldn't have to worry about covering that one...
 
Posted by Trader88 on :
 
IMO, after today there is ABSOLUTELY NO WAY they can reverse everything. I'm feeling that Thu and Fri are going to be monster days. This big dog's gonna growl a little, and then bark and then bite.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
well, keith, you shouldn't have to worry about covering that one...

wouldnt that be nice.
 
Posted by cruz on :
 
well - i am looking for 0.005 right now. why don't we all place 2500 share sell orders in for 1.07.
 
Posted by Raptorsrule on :
 
.005 would be great.....we'd be millionaires....
 
Posted by Trader88 on :
 
Several on IHUB are saying that they got word from their brokers that the split is a go! I won't believe it yet though, but more than one person is saying that over there. Maybe thats the reason why 10 MM's lined up on the bid? I sure as *&%$ hope so...
 
Posted by George on :
 
quote:
Originally posted by Trader88:
IMO, after today there is ABSOLUTELY NO WAY they can reverse everything. I'm feeling that Thu and Fri are going to be monster days. This big dog's gonna growl a little, and then bark and then bite.

Do you think Scottrade will come thorugh tonight? I got my GTE shares posted yesterday afternoon and they told me it would post after the close.

I think they will since they are showing the shares already in my unrealized gains...
 
Posted by Trader88 on :
 
quote:
Originally posted by George:
quote:
Originally posted by Trader88:
IMO, after today there is ABSOLUTELY NO WAY they can reverse everything. I'm feeling that Thu and Fri are going to be monster days. This big dog's gonna growl a little, and then bark and then bite.

Do you think Scottrade will come thorugh tonight? I got my GTE shares posted yesterday afternoon and they told me it would post after the close.
No idea, have never used them at all.
 
Posted by Trader88 on :
 
OT: Is the phrase "my bad" new. Am I crazy, I never learned that as a kid, and now I hear everyone saying it.
 
Posted by cruz on :
 
yeah 0.005 would be great - i meant 0.0005 damn decimals.

quote:
Originally posted by Raptorsrule:
.005 would be great.....we'd be millionaires....


 
Posted by cruz on :
 
anybody try placing a sell order for 0.0002 - a small one to test?
 
Posted by glassman on :
 
"my bad" came into popular use in the late 90's in southern cali.....
i thought you are from SanDiego? [Big Grin]
 
Posted by cruz on :
 
"far out" [Smile]
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
"my bad" came into popular use in the late 90's in southern cali.....
i thought you are from SanDiego? [Big Grin]

I am. But I think its a very strange phrase. I would never say it. Just because I live here, doesn't mean I'm a surfer dude, lol.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
well, keith, you shouldn't have to worry about covering that one...

wouldnt that be nice.
hey, you're PM box is full...
 
Posted by vg on :
 
Buytex are you trying to pull some illegal stuff with keith PMing abt the price strategy, PM me too if its a good one I'd love to sell at a price like keith LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by vg:
Buytex are you trying to pull some illegal stuff with keith PMing abt the price strategy, PM me too if its a good one I'd love to sell at a price like keith LOL

lol, asking around about a NASD complaint; if it pans out, will post but otherwise premature...
also, anytime someone's PM is full, let em know cuz it can happen quick and you don't know it. Board doesn't have much space allocated...
 
Posted by Trader88 on :
 
I'm trying for the life of me to figure out why there are 10 MM's on the bid. Pretty crazy if they plan on doing nothing. Even ETRD is on there apparently, and they say the stock is halted! LOL, morons.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
well, keith, you shouldn't have to worry about covering that one...

wouldnt that be nice.
hey, you're PM box is full...
good no more whack jobs bugging me [Big Grin]
itll be fixed in a sec
 
Posted by cruz on :
 
i put a sell order in for 2500 at 1.05 [Smile] we will see. this is one way to make money.
 
Posted by George on :
 
How many shareholders are there? Anyone got an idea..
 
Posted by George on :
 
quote:
Originally posted by cruz:
i put a sell order in for 2500 at 1.05 [Smile] we will see. this is one way to make money.

why would they buy them for that when everyone is smacking the bid????
 
Posted by vg on :
 
Cruz I think i'll put one in for 1.04 just to beat you
Just kidding i'll hold till it all comes out, dont want to be greedy at all
 
Posted by pcloadletter on :
 
10 passes minutes no trades
 
Posted by pcloadletter on :
 
a confusing EOD?
 
Posted by cruz on :
 
just playing [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
a confusing EOD?

why? no buy back yet.
 
Posted by dishgal1 on :
 
I don't think we should be worried about the mountains of shares that will be traded when this thing is free to trade and here is my reasoning for this.

They want to make a profit also....so they have to take the price up. The fewer shares they can get at .0001 or .0002........the faster the pps will climb.

Any comments?
 
Posted by pcloadletter on :
 
not expecting a buyback in force, but expceted heavier volume 15 minutes before close.

Actualy a good sign, people are thinking longer term and higher profit
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
I don't think we should be worried about the mountains of shares that will be traded when this thing is free to trade and here is my reasoning for this.

They want to make a profit also....so they have to take the price up. The fewer shares they can get at .0001 or .0002........the faster the pps will climb.

Any comments?

when the newbie clowns get their shares, they will most likely bid whack as fast as they can
 
Posted by dishgal1 on :
 
when the newbie clowns get their shares, they will most likely bid whack as fast as they can

If they (bid whackers) could just realize that we are sitting in the position that the company is usually in, we can have a say in the price per share this time instead of them sticking it to us.

Power ...we have Power! Just hope everyone realizes it.
 
Posted by vg on :
 
Hey i'm a newbie clown waiting for you to throw in the checkered flag. Haven't sold any but I dont care what u say if they start taking them back at 1.07 i'm off the boat and selling in a heartbeat
 
Posted by pcloadletter on :
 
$1.07 a share, and I will build you a dock.
 
Posted by George on :
 
quote:
Originally posted by vg:
Hey i'm a newbie clown waiting for you to throw in the checkered flag. Haven't sold any but I dont care what u say if they start taking them back at 1.07 i'm off the boat and selling in a heartbeat

I think we will all be with you then or sooner if it is working it's way up there. I would jump if it hit 1.00
 
Posted by Trader88 on :
 
You guys are actually right, and the volume Tue and Wed prove that we will hold out. I said earlier that I would take .0001, what I meant by that is only if I HAD to. I will not bidwhack, no way. Everyone who owns these shares hopefully is smarter than that.
 
Posted by cruz on :
 
you don't need to build - hire it out [Smile]

quote:
Originally posted by pcloadletter:
$1.07 a share, and I will build you a dock.


 
Posted by pcloadletter on :
 
I do like the sound of that. (Hire it out)
 
Posted by George on :
 
I am going to buy QBID with my money...No not shares the whole company and continue to make a fortune like Frank does.....JOKE.....
 
Posted by vg on :
 
out for the day guys hopefully we have much more buys tommorrow at 1.07 and it'll be "OUR" lucky number, not just Keiths LOL
 
Posted by Trader88 on :
 
I need to get a few ZZ's. I haven't slept all week. With all those MM's on the bid, I feel that tomorrow looks good, especially if we get our due bills. It appears they were all there to try and soak up as much as they could. They always know stuff before us (well, except for last week, LOL)
 
Posted by Triumph1902 on :
 
OK! no shares as of now...time for my daily call with the Etrade zombies. This one should get interesting.
 
Posted by dishgal1 on :
 
Posted by: prospectorx05
In reply to: None Date:5/24/2005 12:26:50 PM
Post #of 532

WHAAAAT! AMERITRADE HAS BUY FREEZE ON (GVRP)!! HERE WE GO!!!!!
SQUEEZE


Posted by: coalesce
In reply to: Churak who wrote msg# 51753 Date:5/24/2005 12:17:18 PM
Post #of 51762

Then Ameritrade better lift the buy freeze that they have because I certainly will try and buy back but I can't ... major dilema...doesn't make sense
 
Posted by JHenry on :
 
Due Bills Redeamable Date - 5/25/05. I called Scottrade and they know less than nothing. Purl Gurl told me I could file a "Demand to Settle" I asked Scottrade and they said they never heard of that. Does anyone have any information on how to file a Demand to Settle.
Thanks
 
Posted by Triumph1902 on :
 
Well just got off the phone with etrade. The person I spoke with claimed that etrade did not have the shares yet. After double checking the ex div date and the due bills date he confirmed that those shares should have been in my account by today at the latest. When asked why they weren’t his reply was "things like this sometimes happen with smaller stocks like GVRP. This would not happen if this was an IBM type deal" At this point I explained to him that if the shares did not show in my account by tomorrow morning I would call back at that time ant try to figure out where we could go from there. He agreed, and that was that.

By the way I also asked him why etrade was making it so hard to get orders through to which he replied "when stocks split we usually have this period of call only orders until everything settles”.

Now that I got my fill of BS for the day I’m going to see if I have some room left for diner. Later...
 
Posted by dishgal1 on :
 
"we usually have this period of call only orders until everything settles”."

So are we to understand that this is a normal process?
 
Posted by dishgal1 on :
 
MY EMAIL TO AMERITRADE:

RE: GVRP Dividend Shares

I was told by Ameritrade that my dividends had been received from DTC as of Fri after market close.

In the past 24-48 hours through several phone calls I have made to you, I am hearing they have not actually been received by Ameritrade even tho I was told they WERE received from DTC on Fri.....You have "no buy" rules on this stock but yet I am told I am free to sell at my own risk.
Ameritrade calls it risk management. It would seem at this point, it would be much riskier for me to sell than to buy. So please explain that part of the risk management.

It is Ameritrade's job to keep me from selling short since I do not have a margin account nor any short positions. I sold some shares on Monday before speaking with Ameritrade......I refuse to be held responsible for this trade. None have been sold after hearing additional info from you.

Today is the due bill date........can I be assured you have them at this time?
If I were NOT supposed to be trading these shares, or trading them at my own risk, they should never have been posted to my account without further explanation or warning.

Any information you can provide would be greatly appreciated.
Sincerely
 
Posted by Triumph1902 on :
 
quote:
Originally posted by dishgal1:
"we usually have this period of call only orders until everything settles”."

So are we to understand that this is a normal process?

I think my exact question was: Why has etrade all but halted trading for this stock? Requiring people to call in orders and meet certain criteria. His full reply was: We have not halted trading for this stock, when stocks split we usually have this period of call only orders until everything settles. If you would like, you can place an order by calling at anytime." Keep in mind I do not have a margin account with Etrade. So with the exception of them not having the split shares yet he made it seem like everything else was normal with this stock.

Now put this in contrast with the conversation I had with them Monday where the lady told me that "this stock was trading irregularly because it has had a massive R/S and then a F/S therefore they had stopped internet trades in order to let everything clear" They are both telling me 2 different things.

It seems to me that once they have the shares from the DTCC all the restrictions should end.
 
Posted by keithsan on :
 
for those of us who miss PURL:

:5/25/2005 5:19:12 PM


Latest From Etrade

I talked with Joe, a customer service representative.

My inquiry was what steps are needed to place a demand
for settlement with the broker who sold me shares
last week. Nothing about that in the help center.

Joe explained a demand for settlement would be placed
automatically by Etrade once the bill due date has
passed, and that date is today. Again, you do not
need to place a demand for settlement.

He also explained Etrade is not allowing trades until
the forward split is confirmed by corporate Etrade.
He also added all expect corporate Etrade to confirm
settlement and shares will begin appearing in Etrade
accounts tomorrow morning. Joe also advised me there
may be a delay because it takes time to program in
additions to accounts because of the large database.
He added, "...by Friday at the latest."

I asked if those new shares would be short or long.
Joe said with your current long position in GVRP,
when those new shares are added, they will be flagged
as long positions, already settled. They will not
be considered short positions. "...when you sell they
will be long positions with no need to cover."

We talked more and he did repeat Etrade expects those
shares to show up in accounts tomorrow morning and
at the latest, Friday.

Based on a lengthy conversation, Joe came across as being
knowledgable and very professional. All he told me was
logical and in compliance with expectations.

There is, clearly, no guarantee shares will be added to
accounts so do not take this as a given nor tell others
shares showing up is guaranteed. However, Joe did not
state anything which indicates shares will not be added
to accounts. He was confident tomorrow morning they will
begin showing up in accounts.

Remember, my personal advice is, "no guarantee."

Purl Gurl
 
Posted by Triumph1902 on :
 
That sounds promising…
How come I never get the "knowledgeable and professional" people when I call [Frown]

So..any chance Purl might come back to the "GVRP Family" [Big Grin]
 
Posted by BuyTex on :
 
"He also explained Etrade is not allowing trades until
the forward split is confirmed by corporate Etrade." --purl gurl [excerpt]

But it's okay for them to buy? ETRD the MM is them, right?
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
"He also explained Etrade is not allowing trades until
the forward split is confirmed by corporate Etrade." --purl gurl [excerpt]

But it's okay for them to buy? ETRD the MM is them, right?

Maybe they are short, hehe. Just up from a nap here, checking in for the 24 hour stock GVRP.
 
Posted by Triumph1902 on :
 
I have had orders from my Ameritrade account go through the ETRD mm so I'm not so sure it's them.
 
Posted by Trader88 on :
 
I would say I am cautiously optomistic about tomorrow. MM's hungry on the bid, and brokers are starting to loosen up a bit. I'm not whacking the bid, but I will say that if we see .0005 or .0006 I will sell most of my position tomorrow.
 
Posted by Triumph1902 on :
 
When or if the shares are finally released to the other brokers, you will inevitably see noobs dump their shares at .0001. It is imperative that if you must sell now to set your order at .0003 or above. As a trader this might be the only instance you may ever have to "run the show" If it wasn’t for Keith sharing this with us I’m sure most of us, including myself, would be oblivious to this stock. Our initial investments are relatively small so it would be great if we could all play this one as a unit and take the mm's role for once.
 
Posted by keithsan on :
 
quote:
Originally posted by Triumph1902:
That sounds promising…
How come I never get the "knowledgeable and professional" people when I call [Frown]

So..any chance Purl might come back to the "GVRP Family" [Big Grin]

I was hoping she would, thought by posting that i would draw here Ire. Wrong again.
 
Posted by dishgal1 on :
 
Triumph, well said.....

And I like the phrase mentioned earlier...
the 24 Hour Stock.....

We will need a week off to rest and get some sleep.
 
Posted by George on :
 
quote:
Originally posted by Triumph1902:
I have had orders from my Ameritrade account go through the ETRD mm so I'm not so sure it's them.

IT is Etrade...check http://www.nasdaqtrader.com/dynamic/SymDir/mrktsym.txt
 
Posted by glassman on :
 
she probably got mad at me for trying to be the peacemaker, i didn't mean to be condescending when i said "time out children"....i was just trying to point out that we were all a little stressed...

i am sorry if i offended you Purl Gurl
 
Posted by Trader88 on :
 
If this stock goes to a penny, as someone on IHUB suggested, I could be worth 6 million dollars. Thats hard to comprehend. I'm not that greedy. Remember the saying, "pigs get fed, and hogs get slaughtered". I'll take pig any day. I have lost money on stocks because of greed, and have learned my lesson. The grass will always be greener, someone will always have sold for higher or made more money, etc. No one can get it at rock bottom and sell for the highest. 99.9999% of us are somewhere in the middle.
 
Posted by DirtyDealer1123 on :
 
GOOD NEWS for Etards!! (hopefully) I just spoke with John from Etrade. He said even if the shares do not show, in my online account, I can still, call in and sell my shares. The ones that are owed to me that is. He also said, Etrade does have possesion of the shares, and they should be in online accounts tommorrow morning, or Friday at the latest. :::;crossing fingers::::
 
Posted by DirtyDealer1123 on :
 
It doesnt make sense to me how I can sell what isnt in my account, but he assurd me they are owed to me and will be availabe to me tommorrow.
 
Posted by vg on :
 
our 24 hr stock is slowing down I think people are all exhausted and just dont want to deal with the BS anymore, but WE ALL WANT OUR MONEY LOL
 
Posted by vg on :
 
Have to look for glass, if he's not on this one, he's definately finding or has found a new one C'mon glass let us in
 
Posted by Trader88 on :
 
The reason I said it was a 24 hour stock is because it won't let me sleep. Since Mon open, I think I have slept a total of maybe 8 hours. When I go to bed, I just toss and turn thinking of what they are gonna do or what could happen or what kind of house I'm going to put in an offer for. This needs to end, I am going bonkers.
 
Posted by vg on :
 
I haven't been sleeping much either but thats coz i've had exams all week Final tommorrow and i'm here this stock is making me crazy
 
Posted by dishgal1 on :
 
--------------------------------------------------------------------------------
"The reason I said it was a 24 hour stock is because it won't let me sleep. "

Trader, I knew exactly what you meant. I can't sleep either and last night while I was sleeping....I saw the ticker and GVRP went to .07
and that is what freaked me out when that 1.07 showed up today. So even in sleep I am still watching the ticker. ....LOL
 
Posted by glassman on :
 
quote:
Originally posted by vg:
Have to look for glass, if he's not on this one, he's definately finding or has found a new one C'mon glass let us in

i'm grazing....

 -
 
Posted by Trader88 on :
 
quote:
Originally posted by dishgal1:
--------------------------------------------------------------------------------
"The reason I said it was a 24 hour stock is because it won't let me sleep. "

Trader, I knew exactly what you meant. I can't sleep either and last night while I was sleeping....I saw the ticker and GVRP went to .07
and that is what freaked me out when that 1.07 showed up today. So even in sleep I am still watching the ticker. ....LOL

I did the same thing. I saw it go to .005, sold and made a million dollars, went out and bought a house for cash. Then I woke up, LOL
 
Posted by vg on :
 
tell us early in the morning tommorrow what you dream about dish i'll put a 1 infront of it and call it my lucky one. if it sell we'll go for a drink with TEX in Fort Worth
 
Posted by Trader88 on :
 
It would be a great idea to have a gathering after this is all over if we all do really good. Just rent out some place and have a big huge catered party, get people to go up and tell their stories. I have a GREAT story, people won't believe it. Won't tell now, but at the party I would, people are going to be blown away by my story here.
 
Posted by Trader88 on :
 
But first I need to get the 60 minutes interview out of the way.
 
Posted by BuyTex on :
 
07, hmmmmmmmm

i see it now, suddenly--

.007 , that's the ticket! call Sean Connery and Pierce Brosnan! we'll hire them to emcee our party and get The Undertaker to BidWhack Michael Douglas so I can steal away with Catherine Zeta-Telephone!
 
Posted by keithsan on :
 
LOL GOT US A LITTLE PUBLICITY

DJ IN THE MONEY: Gluv Could Turn Into Headache For Wall Street

By Carol S. Remond
A Dow Jones Newswires Column

NEW YORK (Dow Jones)--Trades involving millions of shares of a tiny Florida
company called Gluv Corp. (GVRP) could soon become a major headache for some securities firms.


The trades involved stock improperly sold into the market by one of Gluv's shareholders last week. Although Gluv's stock currently trades at a fraction of a cent, the stakes are high because securities firms that handled these shares
could fail to complete the transactions if they are not unwound by regulators.

If transactions involving improperly released Gluv stock are allowed to stand,investors who sold stock they thought they owned could find themselves short Gluv, having sold shares that they didn't really own. That could result in
losses for investors who would have to purchase shares to deliver to their brokers in order to complete the transactions.

According to market participants, Ameritrade Holdings (AMTD) is one of the brokerage firms that handled some of these improperly released shares.

Ameritrade said it stopped allowing customers to buy Gluv shares on Monday. The firm continues to allow clients to sell the stock.

Gluv is a Pink Sheets company that was recently attempting to restructure its stock ahead of a planned merger with Media Magic Inc. Prior to the merger, Gluv

spun off its assets into a private company, leaving all but a corporate shell for Media Magic to slip into.


In order to get rid of existing shareholders, Gluv conducted a 1-for-6.5 million reverse share split on May 12, which reduced the shares outstanding to just 11. A week later, Gluv said it would conduct a 3 million-for-1 forward
stock split that would bring the shares outstanding to 33 million shares. None of these 33 million shares were supposed to trade before Monday May 23.


But here is the rub: Apparently one of Gluv's 11 shareholders got his 3 million new shares early and started selling stock that was not supposed to be trading. In a press release issued Sunday, Gluv warned shareholders that
shares had improperly made their way into the marketplace and that investors should "not trade these shares until further notice." The company said it's investigating the matter and that it would "cooperate with regulators in resolving the situation." Gluv said it asked the Securities and Exchange
Commission to halt the trading of its stock.

That has not happened. Insteadmillions of shares of Gluv continued trading and that could result in some securities firms ending up stuck with non-existent stock. A spokesman for the SEC had no comment.

The SEC has the authority to suspend trading. The loosely regulated Pink Sheets market falls under the tutelage of NASD which may be waiting for guidance from the SEC. A spokeswoman for the NASD declined to comment.


Trading data shows that some 590,000 shares of Gluv traded last week. It's unclear how many of these shares were not supposed to be trading before May 23.

But since only 11 Gluv shares were really outstanding at that time, it's a fair assumption that most of the shares that changed hands last week were improperly traded.


It's also unclear just how many shares of Gluv are now outstanding. Under the company's 3 million-for-one forward split plan, each of the 11 shares outstanding last week became 3 million shares on Monday. But it's possible, and
even likely, that some of three million shares improperly released prior to Monday were also treated as pre-forward-split stock and broken up into even more shares.

A trading volume of 2.15 billion on Monday certainly indicates that more than just 33 million shares were floating around the market that day. (Trading volume was 556 million shares on Tuesday and 799 million shares Wednesday).

It typically takes three days for transactions to clear. And with settlement time right around the corner for Monday's monster volume, some market participants are wondering whether firms that handled large amounts of Gluv stock will be able to deliver shares.

Neither Gluv, nor Interwest Transfer Co., the company's transfer agent, were available for comment.

Chris Nagy, Managing Director of order routing for Ameritrade, said that as a precaution, the brokerage firm stopped allowing clients to buy shares of Gluv on Monday. The firm has continued allowing customers to sell Gluv stock however.

Nagy said the situation continues to be investigated. Gluv stock closed at $0.0001 a share Wednesday, down 50%.


(Carol S. Remond is an award-winning columnist and one of four who write the "In The Money" feature)

-By Carol S. Remond; Dow Jones Newswires; 201 938 2074; carol.remond@dowjones.com
 
Posted by vg on :
 
trader what story r u talking abt? Something abt purl or abt JEFF the MM
HMMMMMMMMM
 
Posted by George on :
 
does not sound like they have worked anything out...
 
Posted by dishgal1 on :
 
OMG Keith what is your take on this?
 
Posted by glassman on :
 
i talked to Scotrade, they said they expect delivery
BUT,

they have the 26th...
i said, that's a day late...they said this happens don't worry

keith that article is crap.... [Big Grin]


and another thing...the shares we bought last week are confirmed long by the broker i talked to at scotrade

they have been settled.....this is just mud in the water
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
OMG Keith what is your take on this?

same $hit different person telling us. we know all this and a few more things, she messed up some #'s. I thought it was funny.
 
Posted by BuyTex on :
 
on first read, i don't like it--seems like an easy out now for SEC to stop it...story doesn't mention we got shares due by following the rules...keithsan, can this still work for us, d'ya think, or that's death knell?
 
Posted by keithsan on :
 
TEX, what has changed, we knew company would try to weazle out....this is just someone doing a fairly weak DD'd story about what we are involved in.
 
Posted by Triumph1902 on :
 
"Apparently one of Gluv's 11 shareholders got his 3 million new shares early and started selling stock that was not supposed to be trading".

So that is their explanation for this...pretty weak if you ask me.
 
Posted by George on :
 
quote:
Originally posted by Triumph1902:
"Apparently one of Gluv's 11 shareholders got his 3 million new shares early and started selling stock that was not supposed to be trading".

So that is their explanation for this...pretty weak if you ask me.

They said it was one of the wives.....she saw it in the account and traded it....
 
Posted by Trader88 on :
 
..."In a press release issued Sunday, Gluv warned shareholders that
shares had improperly made their way into the marketplace..."

Oh really, is that a fact? Well, the real story is that WE warned THEM. Way before Friday, several people called the company and the T/A, but they wouldn't listen. "That's not how we do it"
 
Posted by Triumph1902 on :
 
oh yea, I forgot about that. I still see no way for them to get out of this but only time will tell.
 
Posted by glassman on :
 
Dow Jones Newswire doesn't cough that story up on my feed... there are more twists to this story than a bowl of spaghetti......
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
TEX, what has changed, we knew company would try to weazle out....this is just someone doing a fairly weak DD'd story about what we are involved in.

still thinking: DD from our point of view not the same as "being accurate" on the newsdesk. They can butcher it from our point of view, w/o being "wrong." Don't want to give SEC an "out" to wreck it now. imho, we should've taken a role in PR earlier, but Purl said media attention wouldn't help so .... anyway, let me reflect a few...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
Dow Jones Newswire doesn't cough that story up on my feed... there are more twists to this story than a bowl of spaghetti......

hmmmm i feel like jason blair
 
Posted by glassman on :
 
no, there was a PR remember? trading halt requested...

REQUEST DENIED that simple......

churn baby churn
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
TEX, what has changed, we knew company would try to weazle out....this is just someone doing a fairly weak DD'd story about what we are involved in.

OKay: we don't need a weakly DD'd "brief"--we need a strongly DD'd "feature" explaining the belief of divvies obtained fair n square in wild market.
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
no, there was a PR remember? trading halt requested...

REQUEST DENIED that simple......

churn baby churn

Thats right. They have let it trade for 3 days this week, the chance of it being halted now are low, IMO. Request denied.
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by glassman:
Dow Jones Newswire doesn't cough that story up on my feed... there are more twists to this story than a bowl of spaghetti......

hmmmm i feel like jason blair
try other feeds?

mine is searchable and i don't get her column either so maybe its my feed.... who knows..
 
Posted by BuyTex on :
 
if we weren't going to take lead in PR per our position, I'm thinking it would've been better to let it churn w/o SEC seeing negative press at this late date...but, again, you guys know the SEC, et al much, much better than I. I only know how goofs on newsdesks can butcher chit w/o ever getting called on it...Maybe the SEC gets so much neg press, this won't matter
 
Posted by George on :
 
"It's like the wild west playing with the pinks." That was a quote from a writer for cnn money - Matt something
He was doing a story on GTEL...talking about how it will never happen...keepaway from the pennies..etc
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by glassman:
no, there was a PR remember? trading halt requested...

REQUEST DENIED that simple......

churn baby churn

Thats right. They have let it trade for 3 days this week, the chance of it being halted now are low, IMO. Request denied.
BUT OF COURSE THEY'RE BEGGING FOR IT- LOL

Hey I woulda took 500% last week if they were willing to buy back,then but now.....
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by glassman:
no, there was a PR remember? trading halt requested...

REQUEST DENIED that simple......

churn baby churn

Thats right. They have let it trade for 3 days this week, the chance of it being halted now are low, IMO. Request denied.
from my perspective, a "PR" release from Business Wire is nothing compared to even a 3-sentence release with DOW JoNES attached...
 
Posted by Trader88 on :
 
I don't think there was much wrong with it. But the point should have been made that the initial dumping was under suspicious circumstances. That really wasn't made clear in the NR. We need the most important angle: Individual investors bought, were in the right, and are due the due bills and that someone dumped shares last week on news.
 
Posted by glassman on :
 
well, i found it:

on marketwatch...that's from Dow Jones but not on their Newswire.....
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
well, i found it:

on marketwatch...that's from Dow Jones but not on their Newswire.....

you sleuth
 
Posted by glassman on :
 
nature of the busines...
 
Posted by BuyTex on :
 
Today's stats, as of now a search on Yahoo reveals only the ridiculous, possibly illegal, "PR" from GLUV on Sunday...


Posted by: coinstarz
In reply to: sublime who wrote msg# 53764 Date:5/25/2005 6:30:10 PM
Post #of 54093

Today's GVRP Trading Statistics. Thank you Sublime

May 25, 2005

Closed @ 0.0001

Total Trades = 162
Total Shares = 772,835,000
Total $ Volume = $95,813

0.0001
# Trades = 129 = 79.63% of total trades
# Shares = 587,545,000 = 76.02% of total shares
$ Volume = $58,755 = 61.32% of total $ volume

0.0002
# Trades = 33 = 20.37% of total trades
# Shares = 185,290,000 = 23.98% of total shares
$ Volume = $37,058 = 38.68% of total $ volume
====================
Not incl pre/after trades
 
Posted by BuyTex on :
 
and by the way, K'san's most excellent 1.07 has em marvelling at other boards...
 
Posted by greatimes on :
 
I don't find the news. I even googled the writer Carol S. Remond. Although interesting... fruitless.
Maybe not indexed yet.
 
Posted by BuyTex on :
 
could be--or, a senior editor looked at it and said, hmmm....
 
Posted by Trader88 on :
 
quote:
Originally posted by greatimes:
I don't find the news. I even googled the writer Carol S. Remond. Although interesting... fruitless.
Maybe not indexed yet.

I did a google too, and I looked on Dow Jones Newswire and found nothing. Could be bogus. If it's out, it should be fairly easy to find.

On another note, I'm getting a little doubtful about due bills being paid tomorrow. Tomorrow is really time to call brokers and demand the shares! They are going to demand those who sold any Mon (such as myself) to cover, but in order to cover, we need OUR shares. In that scenario, THEY have to cover first. We need to get this mess sorted out. We have split shares due us, however they get them is their business, I just want them to get them.
 
Posted by BuyTex on :
 
bottom line--no matter what anybody writes on any boards, any bs inetrnet "bizwire" or the Associated f.n Press, which could hurt as SEC monitors---I bought mine with coupons attached, duly noted through proper reg agencies, from an issue that had been tradings anywhere from 6-2K pps--I saw an opportunity. THAT is the market. If there's no market for opportuntity, let's fold the f'n tent and go sell underwear or or tools--whatever--at the flea market where there's no doubt about the gd f'n market! The market prevails and SEC is chartered to protect the individual investor against unscrupulous companies...
 
Posted by dishgal1 on :
 
I think they had better get out their printing presses.....
LOL
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
bottom line--no matter what anybody writes on any boards, any bs inetrnet "bizwire" or the Associated f.n press, I bought mine with coupons attached, duly noted through proper reg agencies, from an issue that had been tradings anywhere from 6-2K pps--I saw an opportunity. THAT is the market. If there's no market for opportuntity, let's fold the f'n tent and go sell underwear or or tools--whatever--at the flea market where there's no doubt about the gd f'n market! The market prevails and SEC is chartered to protect the individual investor against unscrupulous companies...

Right on Tex, absolutely right. Thats why when GLUV "reached out" to the SEC (LOL), this is the response they hopefully got: Denied.
 
Posted by Trader88 on :
 
Good point from IHUB:

Posted by: Mike2112

"Also is it too far fetched that they (the company & brokers) are trying to scare folks from selling and holding while they quickly print up and distribute the shares?"

Thats what makes me want to sell half my position tomorrow. If thats what they plan to do, dilute and issue our due bills, afterwards our shares will be basically worthless. Get while the gettin's good?? I'm seriously thinking about taking the risk because if they issue shares, we won't be responsible for covering even though we got .0001. If we wait till they print more paper, they could be worth .000000000000000001 if we are lucky. Food for thought.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
and by the way, K'san's most excellent 1.07 has em marvelling at other boards...

you better know I was just kidding!!!!!!!!!!!!!!!
no one could even get a fill at .0002

[ May 25, 2005, 23:52: Message edited by: keithsan ]
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Good point from IHUB:

Posted by: Mike2112

"Also is it too far fetched that they (the company & brokers) are trying to scare folks from selling and holding while they quickly print up and distribute the shares?"

Thats what makes me want to sell half my position tomorrow. If thats what they plan to do, dilute and issue our due bills, afterwards our shares will be basically worthless. Get while the gettin's good?? I'm seriously thinking about taking the risk because if they issue shares, we won't be responsible for covering even though we got .0001. If we wait till they print more paper, they could be worth .000000000000000001 if we are lucky. Food for thought.

I don't even know how to respond to that, the whole play was to buy and make them cover. There was a risk vs. great gain option. IMO its still playing out.

If anyone thought this company would let us off easy drive the price to .01 and make us all millionaires. Then your all nuts. Its a nice fantasy but....

There can be some nice bank made here unless we are broken or halted, no one has stepped in yet and they've known since the 17th or 18th.

Good trading all, we shall see how it pans out. soon.
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Trader88:
Good point from IHUB:

Posted by: Mike2112

"Also is it too far fetched that they (the company & brokers) are trying to scare folks from selling and holding while they quickly print up and distribute the shares?"

Thats what makes me want to sell half my position tomorrow. If thats what they plan to do, dilute and issue our due bills, afterwards our shares will be basically worthless. Get while the gettin's good?? I'm seriously thinking about taking the risk because if they issue shares, we won't be responsible for covering even though we got .0001. If we wait till they print more paper, they could be worth .000000000000000001 if we are lucky. Food for thought.

I don't even know how to respond to that, the whole play was to buy and make them cover. There was a risk vs. great gain option. IMO its still playing out.

If anyone thought this company would let us off easy drive the price to .01 and make us all millionaires. Then your all nuts. Its a nice fantasy but....

There can be some nice bank made here unless we are broken or halted, no one has stepped in yet and they've known since the 17th or 18th.

Good trading all, we shall see how it pans out. soon.

At .0001, do you not think 20,000% is a "great gain?" I sure do, and I've decided to hedge. Sell half the position tomorrow, and let the chips fall where they may. If they dilute, I walk with 30k. If they cover, I can sell the other half of my position and make a lot more money. In either of those scenarios, I win. The only way I don't win is if I am forced to cover for the half I sell now if no due bills come in.
 
Posted by BuyTex on :
 
I've got *a lot* to learn...
 
Posted by keithsan on :
 
20000% is a great gain. Good Luck
 
Posted by vg on :
 
Morning all hope we have an awesome day
 
Posted by BuyTex on :
 
well, well, the bright eyed and bushy-tailed crowd, lol...morning, all. Any new opinions?
 
Posted by glassman on :
 
high gains = high risk, scotrade told me yesterday evening that the NASD said TENTATIVELY today....

i'll be watching for my shares and yell if they arrive...
 
Posted by dishgal1 on :
 
There was a paragraph in theis latest news item that caught my attention.

"It's also unclear just how many shares of GLUV are now outstanding. Under the company's 3 million-for-one forward split plan, each of the 11 shares outstanding last week became 3 million shares on Monday." >>>(Now this is the part) >>>>"But it's possible, and even likely, that some of three million shares improperly released prior to Monday were also treated as pre-forward-split stock and broken up into EVEN MORE SHARES."

Even More shares???? What is with that?
 
Posted by Raptorsrule on :
 
Well sure.....think about it....the shares sold last week were never supposed to have bills due attached. But they did and they split. Every one of the shares last week split 3mill to one above and beyond the 33 mill. Make sense?
 
Posted by glassman on :
 
this goes rightback to my original theory that we actually bought naked shorts in the very beginning..

this is a naked short issue..always was....

we have proven that the DTCC has some serious probems to fix........

change comes from within
 
Posted by glassman on :
 
i'll speculate even further and guess that the DTCC isn't the problem, it's more likely transfer agents....

when SMTR ran up while it was on the SHO list? there were a lot of shares NOT ready to deliver...but they were sold anyway..in anticipation of delivery....

CNES is another one...exactly the same.... this will get even more interesting.....

MSEP????? yes....

i have much of this documented already, should make a good book...

they've been writing themselves loans, and charging US the interest...... been watching it closely for some time....


and if somebody tried to step in and say hey guys you are buying into a dump? we get called bashers.. right? OSUBUCKS?????
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
There was a paragraph in theis latest news item that caught my attention.

"It's also unclear just how many shares of GLUV are now outstanding. Under the company's 3 million-for-one forward split plan, each of the 11 shares outstanding last week became 3 million shares on Monday." >>>(Now this is the part) >>>>"But it's possible, and even likely, that some of three million shares improperly released prior to Monday were also treated as pre-forward-split stock and broken up into EVEN MORE SHARES."

Even More shares???? What is with that?

thats what we bought
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
high gains = high risk, scotrade told me yesterday evening that the NASD said TENTATIVELY today....

i'll be watching for my shares and yell if they arrive...

what was tentative today?G
 
Posted by glassman on :
 
tentative delivery of the shares to scotrade....

i had a very pleasant chat with a very sharp lady at corporate...

methinks they are creating the shares by churnng them thru the MM's...that's what we've been seeing in the trading... just a guess tho...
 
Posted by Raptorsrule on :
 
Good...churn them....churn them good.....
 
Posted by glassman on :
 
next step in figuring out why the market is broken is to look at how the "toxic lending" game is played
 
Posted by dishgal1 on :
 
I still think Ameritrade should have put some type of stipulations on these shares to forewarn about possible consequences if they were going to post them to our accounts.

I am still afraid to sell in light of what I have been told by Ameritrade about covering short.
 
Posted by glassman on :
 
i think/hope you can relax dish [Wink]

the evidence is all right on the table.....
 
Posted by Raptorsrule on :
 
Hopefully....Glass is correct about the creation of shares through churning....if so I believe we are home free....
 
Posted by glassman on :
 
IMO? we are home free anyway, the DTCC has emphatically denied the existence of this problem over and over....
now that YOUR BROKER is involved directly? this is all front and center....

like i said, they write themslves loans and charge US the interest....
 
Posted by Raptorsrule on :
 
I agree....if that PPS hit's .0005...I'm letting them rip.
 
Posted by glassman on :
 
the NASD has been watching this at least since last FRI, and they let it ride, i/we have no choice but to trust them, they let this go forward for a reason...
 
Posted by glassman on :
 
i'm testing the new L2 from microcaptrade today, so i may even be able to see who's buying...

in pre-market? it loads the symbol changes faaaast...
 
Posted by Raptorsrule on :
 
NITE....at what price...
 
Posted by glassman on :
 
anybody's position BEFORE mkt open is suspect...

they are asking .0002

it's gonna take me awhile to figure out how to read all this data at once...so be patient with me.. [Roll Eyes]

i will say this....the tool looks very impressive....
 
Posted by keithsan on :
 
i also have an impressive tool.....
 
Posted by glassman on :
 
positions, tools, suspects...LOL

they even have a notation system to describe the MM's changes at a glance...
 
Posted by keithsan on :
 
any features not on alphatrade?
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
high gains = high risk, scotrade told me yesterday evening that the NASD said TENTATIVELY today....

i'll be watching for my shares and yell if they arrive...

Tentatively today what? We get our shares or they dilute and turn the float into 99 Trillion?
 
Posted by aaargh on :
 
morning all....etrade rep just returned my call from this am....said her 'expert' says " not really a split..a dividend...dated 5-13..so anyone holing after that wont get..."
oh he also said..."don't watch bb's go to gluvcorp website or bloomberg...he's (etrade guy) the expert...he should know..." per etrade....sigh....
 
Posted by Trader88 on :
 
quote:
Originally posted by aaargh:
morning all....etrade rep just returned my call from this am....said her 'expert' says " not really a split..a dividend...dated 5-13..so anyone holing after that wont get..."
oh he also said..."don't watch bb's go to gluvcorp website or bloomberg...he's (etrade guy) the expert...he should know..." per etrade....sigh....

I didn't understand a word you just said.
 
Posted by DirtyDealer1123 on :
 
on the phone w/Etard as we speak.Any ?'sfrom anyone?
 
Posted by Triumph1902 on :
 
Apparently he's saying that we won’t get our shares...
 
Posted by keithsan on :
 
quote:
Originally posted by aaargh:
morning all....etrade rep just returned my call from this am....said her 'expert' says " not really a split..a dividend...dated 5-13..so anyone holing after that wont get..."
oh he also said..."don't watch bb's go to gluvcorp website or bloomberg...he's (etrade guy) the expert...he should know..." per etrade....sigh....

tell the exper he's wrong! ex date 23rd. No way aroung that.
 
Posted by glassman on :
 
don't worry, neither do they....
 
Posted by BuyTex on :
 
it's same ol same ol; brokerages are so scattered clients get diferent answers depending on we talk to; other e-traders are getting different answers...
 
Posted by dishgal1 on :
 
Here is an example:

Declaration Date Ex-Dividend Date Record Date Payable Date
7/27/2004 8/6/2004 8/10/2004 9/10/2004


On July 27, 2004, Company XYZ declares a dividend payable on September 10, 2004 to its shareholders. XYZ also announces that shareholders of record on the company's books on or before August 10, 2004 are entitled to the dividend. The stock would then go ex-dividend two business days before the record date.

In this example, the record date falls on a Tuesday. Excluding weekends and holidays, the ex-dividend is set two business days before the record date or the opening of the market – in this case on the preceding Friday. This means anyone who bought the stock on Friday or after would not get the dividend. At the same time, those who purchase before the ex-dividend date receive the dividend.

With a significant dividend, the price of a stock may move up by the dollar amount of the dividend as the ex-dividend date approaches and then fall by that amount after the ex-dividend date. A stock that has gone ex-dividend is marked with an "x" in newspapers on that day.

Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid.

If you have questions about specific dividends, you should consult with your financial advisor. You can also get information by going to your library and reading Standard and Poor's Dividend Record Binder.


http://www.sec.gov/answers/dividen.htm


--------------------------------------------------------------------------------
Home | Previous Page Modified: 06/21/2004
 
Posted by aaargh on :
 
sorry for the jibber....can hardly think so frustated....yes in short....the rep at etrade says thier expert says " shares bought after the 13th will not get split..."
by the way i am not allowed to speak w/etrades expert...just the rep....
 
Posted by George on :
 
My broker just called me (scottrade) he got an email this moring saying that the SEC and DTC are reviewing the R/S and F/S and that they are waiting for the out come of that. Once they hear back from the DTC we will know.

He called me because I had talked to him the other day about it. I think I am the only one of his customers that is in on it.
 
Posted by keithsan on :
 
quote:
Originally posted by aaargh:
sorry for the jibber....can hardly think so frustated....yes in short....the rep at etrade says thier expert says " shares bought after the 13th will not get split..."
by the way i am not allowed to speak w/etrades expert...just the rep....

again, he's wrong, thats why we have our shares. Call SEC your getting screwed.
 
Posted by DirtyDealer1123 on :
 
ok now etrad is saying maybe 5-7 more days, but still on phonw w/them
 
Posted by George on :
 
quote:
Originally posted by DirtyDealer1123:
ok now etrad is saying maybe 5-7 more days, but still on phonw w/them

That's what my Scottrade guy says...not sure how long the SEC investigation will take...but he will let me know as soon as he knows.

However I think we are right and they are wrong and that is what they are going to end up saying..as long as it all works out I am okay with it.
 
Posted by Triumph1902 on :
 
Isn’t this delay illegal?
 
Posted by DirtyDealer1123 on :
 
Ok Sally, from Etrade, says she must look into this more. And will call me back with a more detailed explantion in the next 2-3 hours. But shares have been delivered. Just because of the r/s then f/s they refuse to allow trading. And then, was told, no matter what broker promised last night, (being able to sell by phone no matter what account said) the company will not allow any trading on GVRP.
 
Posted by Triumph1902 on :
 
quote:
Originally posted by DirtyDealer1123:
Ok Sally, from Etrade, says she must look into this more. And will call me back with a more detailed explantion in the next 2-3 hours. But shares have been delivered. Just because of the r/s then f/s they refuse to allow trading. And then, was told, no matter what broker promised last night, (being able to sell by phone no matter what account said) the company will not allow any trading on GVRP.

The company, as in GVRP or Etrade?
 
Posted by glassman on :
 
hey, those of us that bought last week? we got the coupons... the PPS dropping PROVES that...

live by the sword....

die by the sword...
 
Posted by DirtyDealer1123 on :
 
Sorry I should have said Etrade will not allow any trading of GVRP.

Still on my 1st cup of coffee, these early morings are killing me. After this is done I need to back to playing poker, much better hours!
 
Posted by DirtyDealer1123 on :
 
Sorry I should have said Etrade will not allow any trading of GVRP.

Still on my 1st cup of coffee, these early morings are killing me. After this is done I need to go back to playing poker, much better hours! Hit the nail on the head, when someone said it was the 24 hr stock. I cant work or sleep till this is done.
 
Posted by dishgal1 on :
 
Reply from Ameritrade:

Thank you for contacting us this afternoon regarding GVRP.

Due to the circumstances surrounding GVRP, Ameritrade is not allowing any buy transactions at this time.

As a holding company, we do provide our clients an outlet to the securities markets. This service may not be available on any and all markets and securities. Please keep in mind, according to the terms and conditions of your account we do reserve the right to refuse a security order at our discretion. This is referred to in the Trading Handbook as follows:

86. Ameritrade may, at its sole discretion, refuse any security order, and I shall not hold Ameritrade liable for any loss I may sustain due to its refusal to permit the purchase or sale of the security.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Joy Busse
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.

Original Message Excluded:
-------------------------

I sent another email stating that was not the only question I asked and would still like an explanation of WHY those were posted to my account in the first place without having been received first.........or at least to be told there was a warning attached. I also explained that I had been contacted on Fri to tell me they were in my account....(no warning there either).........Also wanted her to know that I was personally told they had been received on Fri and had the rep double check at that time....we will see what she has to say this time.
 
Posted by glassman on :
 
NITE and JEFF are the only MM's buying(on the inside bid) right now....
 
Posted by BuyTex on :
 
who's got L2s? see if ETRD is there, please?
 
Posted by glassman on :
 
ETRD is on the ask at .0006.....posted that at 9:43:00

ETRD is NOT currently bidding shows 0 they are listed tho...
 
Posted by cruz on :
 
more 0.0002 trades going thru today then before
 
Posted by dishgal1 on :
 
So folks, if they were to reverse this entire farce......are we going to have a class action lawsuit? We should not have to cover this mess. Besides if there are no shares, in the event of a reversal, how could we buy them?
 
Posted by dishgal1 on :
 
I for one, respect Scottrade and Etrade a lot more than Ameritrade at this point. Very disappointed that they are willing to let me sell shares at a risk, but I am not allowed to buy.

on a lighter note....if these shares were to be rescinded, why are they continuing to let us sell and create more havoc for everyone involved?
 
Posted by TampaInvester on :
 
for scottrade, Can we sell this over the phone?
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
ETRD is on the ask at .0006.....posted that at 9:43:00

ETRD is NOT currently bidding shows 0 they are listed tho...

sorry I missed it. My point is they're there, yet are restricting their clients...
 
Posted by glassman on :
 
ETRD is now on the inside bid, they are offering .0001 and they posted that at 10:04....

they are still asking .0006
 
Posted by keithsan on :
 
nite is buying that is ameritrade...so ameritrade is buying but not its clientts...
 
Posted by cruz on :
 
anybody try placing a sell at 0.0002 today? any takers?
 
Posted by glassman on :
 
if NITE is buying? i would recommend holding, myself..... [Confused]
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
anybody try placing a sell at 0.0002 today? any takers?

I'm hoping that we see some competition between MM's later on today. I want to sell some today. But not at .0001, I'm gonna try for .0002 or higher. If they want my shares they are gonna have to come get 'em. I really don't want to whach the bid.
 
Posted by dishgal1 on :
 
2nd reply from Ameritrade:

Thank you for contacting us today concerning GVRP.

Even though the split shares were credited, the agent for GVRP or the regulators can still decide to reverse the split.

If you have further concerns or inquiries, please reply to this message.

Sincerely,
 
Posted by dishgal1 on :
 
Notice how they are being very vague in their answers. They don't want anything in writing to incriminate them. IMO
 
Posted by <RebelYell> on :
 
I have a block for sale at .0002 since I picked them up Tuesday. No takers.
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
Notice how they are being very vague in their answers. They don't want anything in writing to incriminate them. IMO

it's written all over the tickers...LOL
 
Posted by dishgal1 on :
 
Glass, I had asked several questions in the last email....none were answered .......Usually Ameritrade is very informative and there was a bluntness to these emails I thought.
 
Posted by <H2NRG> on :
 
Update from NASD...
http://www.investorshub.com/boards/read_msg.asp?message_id=6481038

quote:
Posted by: uwm135
In reply to: None
Date:5/26/2005 10:33:52 AM
Post #of 54636

READ NOW.

I have been on the phone with NASD Officials, As per my conversation with Jenifer Coragela from the Market Operation Dividend Department at NASD Office, Her phone number is 2033856317 and she has confirmed with me that they will not change the EXDATE.

She went to say the follwing its not gonna happen and that this is the first time they have been involved with something like this.

She also went on saying that their is an investigation and the company must comply with all regulatory laws. She could not comment on anything other that their very well aware of the situation.

I hope I have been usefull here. I think we will make out well out of this deal. Rules are Rules. They cant be change someone is in trouble.

all the best
Frank


 
Posted by glassman on :
 
i can't wait to see the whip come down.. [Big Grin]
 
Posted by DirtyDealer1123 on :
 
Has anyone tried contacting the SEC lately, or am I letting lack of sleep, get the better of me?
 
Posted by dishgal1 on :
 
H2 ...Thanks for that....very comforting.
 
Posted by BuyTex on :
 
also, from i-hub, coupla traders reporting they've been able to withdraw cash from Monday sells and transfer to their banks...
 
Posted by H2NRG on :
 
I'm official now. Just registered.
 
Posted by DirtyDealer1123 on :
 
Glad to see atleast someone has made something from all of this.
 
Posted by BuyTex on :
 
welcome, H2...
 
Posted by H2NRG on :
 
I've been monitoring the IHUB TGL board (so many posts!) and your board here for info. Seems like there are more Scottraders here than on the TGL board. Trying to get new info from Scottrade is like pulling teeth.
 
Posted by DENSKIJR on :
 
I was thinking of transfering the money I sold on Monday if you are going to do it I would make sure you clicked the "upon settlement" there for if they transfer the money that those are settled transactions. Just food for thought

Good morning all

and Have a great day

Dennis
 
Posted by glassman on :
 
quote:
Originally posted by DENSKIJR:
I was thinking of transfering the money I sold on Monday if you are going to do it I would make sure you clicked the "upon settlement" there for if they transfer the money that those are settled transactions. Just food for thought

Good morning all

and Have a great day

Dennis

very good idea....

if you all have lost trust in your broker, you should be considering changing accts...
think about this?

what if you transfered your accounts with the shares in them to another borker? [Big Grin]
 
Posted by H2NRG on :
 
Thanks, BuyTex. Been lurking here for a few days.
 
Posted by Trader88 on :
 
What happend to the MOMO? Every time it looks like a good day, the volume dries up. I hope its good EOD. We need some word from regulators, and it sounds from IHUB like that word may be trickling in. Once official word comes that we are in the clear and they have to cover, this thing could go to .001 real quick, IMO
 
Posted by vg on :
 
I just withdrew all my funds and started another account under my dads name, withdrew all available funds these also included the ones that I got from selling a little chunk of GVRP
 
Posted by dishgal1 on :
 
MOMO?

I think they are trying to buy shares to cover their clients .........but have them scared to sell at the same time. LOL Is that possible?
 
Posted by vg on :
 
Trader I dont think it will go up that much because there will be so much selling pressure and I can bet you a $hit load of people are waiting for a sell and very few want to buy in
 
Posted by Trader88 on :
 
quote:
Originally posted by vg:
Trader I dont think it will go up that much because there will be so much selling pressure and I can bet you a $hit load of people are waiting for a sell and very few want to buy in

Normally that would be true, but if they are forced to cover, thats where we get our bank. That's the whole reason we bought this stock in the first place. Otherwise, just buy some other POS pink.
 
Posted by Trader88 on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by vg:
Trader I dont think it will go up that much because there will be so much selling pressure and I can bet you a $hit load of people are waiting for a sell and very few want to buy in

Normally that would be true, but if they are forced to cover, thats where we get our bank. That's the whole reason we bought this stock in the first place. Otherwise, just buy some other POS pink.
In addition, I think you are wrong about very few wanting to buy in. If word comes down from on high that we are clear, if you were a speculator wouldn't you buy, even @ .0002 or .0003? I sure as hell would.
 
Posted by glassman on :
 
seems to me that there will be a serious short squeeze NO MATTER WHAT......
 
Posted by SHARK357 on :
 
Anybody with scottrade get there shares today?
 
Posted by cruz on :
 
where do you see "upon settlement"? i use ameritrade.
 
Posted by dishgal1 on :
 
There are a lot of people who thrive on these .0001-.0003 stocks
 
Posted by vg on :
 
Cruz when you withdraw money after you put in the amount in the centre there is a check box
 
Posted by vg on :
 
Under the transaction date NO. 3
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by DENSKIJR:
I was thinking of transfering the money I sold on Monday if you are going to do it I would make sure you clicked the "upon settlement" there for if they transfer the money that those are settled transactions. Just food for thought

Good morning all

and Have a great day

Dennis

very good idea....

if you all have lost trust in your broker, you should be considering changing accts...
think about this?

what if you transfered your accounts with the shares in them to another borker? [Big Grin]

lawd a mercy--I wondered about that on Monday, but newbie me DOH decided I would have to liqidate and start over...of course, what broker now would accept this with shares still attached? Wouldn't that raise a flag?
 
Posted by glassman on :
 
oh about 500 million flags... LOL

i'm not suggesting you leave scotrade...just the opposite as a matter of fact... [Big Grin]
 
Posted by keithsan on :
 
LOL seems to be getting interesting again. IF SEC makes them follow rules.....:)BANK
 
Posted by Raptorsrule on :
 
Have you noticed trades aren't coming through....I wonder if they've been told SORRY FOR YOUR LUCK...and they are planning thier buyback.....

I'm getting good vibes...
 
Posted by H2NRG on :
 
Scottrade email response from last night, fwiw...
[quote]Thank you for the email. I can understand your frustration. Unfortunately, as stated in the
previous email Scottrade cannot issue these shares to account holders until they are release from
DTC. As soon as they are the shares will be posted to the accounts.

I apologize for any inconvenience and appreciate your patience.

If you have any other questions please let us know.

Sincerely,
Mike XXXXXXX [name deleted by H2NRG]
Scottrade, Inc.
www.scottrade.com
www.scottrader.com

Scottrade has been named Highest in Investor Satisfaction With Online Trading Service Five Times
in a Row by J.D. Power and Associates. For award information, visit www.jdpower.com .
 
Posted by cruz on :
 
i didn't see it, but i will try again. thanks.

quote:
Originally posted by vg:
Cruz when you withdraw money after you put in the amount in the centre there is a check box


 
Posted by glassman on :
 
whoever releaesed the shares prior to May 20 is liable IMO...it comes down to a checked box on a form and/or a signature...how much you wanna bet the paper shredders were working over the weekend? [Big Grin]
 
Posted by H2NRG on :
 
Looks like I didn't close my quote.
 
Posted by cruz on :
 
yes - no trades. it has been awhile.

quote:
Originally posted by Raptorsrule:
Have you noticed trades aren't coming through....I wonder if they've been told SORRY FOR YOUR LUCK...and they are planning thier buyback.....

I'm getting good vibes...


 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
oh about 500 million flags... LOL

i'm not suggesting you leave scotrade...just the opposite as a matter of fact... [Big Grin]

understood, but it's good to know you can move stock as well as cash...
 
Posted by TampaInvester on :
 
quote:
Originally posted by H2NRG:
Scottrade email response from last night, fwiw...
[quote]Thank you for the email. I can understand your frustration. Unfortunately, as stated in the
previous email Scottrade cannot issue these shares to account holders until they are release from
DTC. As soon as they are the shares will be posted to the accounts.

I apologize for any inconvenience and appreciate your patience.

If you have any other questions please let us know.

Sincerely,
Mike XXXXXXX [name deleted by H2NRG]
Scottrade, Inc.
www.scottrade.com
www.scottrader.com

Scottrade has been named Highest in Investor Satisfaction With Online Trading Service Five Times
in a Row by J.D. Power and Associates. For award information, visit www.jdpower.com .

I also called socttrade. They said the shares are not delivered by dtcc because the stock is under investigation by nasd and sec and they cannot tell me when they would be delivered

Can I transfer my account to ameritrade and would I be able to transfer the shares of GVRP too [Smile]
 
Posted by glassman on :
 
yes, you can send stock, and if ameritrade people took their shares to scotrade? they MIGHT be free-trading (buy and sell sides)..this will just make the mess bigger tho......
 
Posted by cruz on :
 
my funds must already be settled. i don't get the checkbox. [Smile]
 
Posted by Trader88 on :
 
I put a request to transfer funds to my bank from my AMTD account and it has not been denied. This is from my sale of part of my position Mon. If they allow it to go through, I would make a good guess that we are all in the clear. I can't wait to see if it is accepted.
 
Posted by rrttd on :
 
so does any body know how i stand on this i bought on 5/18 do i get split or not? thanx
 
Posted by Trader88 on :
 
VERY strange, volume has all but ceased. Something is up. It has never stopped for this long before.
 
Posted by glassman on :
 
quote:
Originally posted by H2NRG:
Looks like I didn't close my quote.

you can edit by using the little paper with a pencil icon, but you don't have too long to do it...

using b inside[] and /b inside[] will work easier than typing quote.. [Big Grin]
 
Posted by glassman on :
 
quote:
Originally posted by rrttd:
so does any body know how i stand on this i bought on 5/18 do i get split or not? thanx

you qualify, that's all we know right now...
 
Posted by BuyTex on :
 
Glass, now *that* would be interesting...
 
Posted by Trader88 on :
 
It appears that AMTD has not approved my request to w/d funds. The money is showing back in my account and the pending request is gone. :-(
 
Posted by <scott> on :
 
anyone here get their shares from scottrade yet?

-d
 
Posted by vg on :
 
Kinda slow day I dont think there are too many stocks moving too much
 
Posted by Trader88 on :
 
This is different, something is definitely up. Not one trade through in over an hour. I'm worried.
 
Posted by glassman on :
 
scotrade does not show the dividend/split shares in my acct yet,

scotrade is trading shares freely tho.......
there are NO trading restrictions at scotrade...
but i am not selling obviously because my shares still have the coupon attached...

think about that one...
 
Posted by H2NRG on :
 
Nope, no GVRP FS shares from Scottrade in my account, scott.
 
Posted by vg on :
 
hey glass what does scottrade say the pps for the stock if, .0001 or the old figure(6.50)
 
Posted by H2NRG on :
 
Scottrade has 0.0001 x 0.0002, just like everyone else. My pre-FS shares round up to a penny in value. Sigh.
 
Posted by dishgal1 on :
 
Very interesting Glass....
 
Posted by BuyTex on :
 
did an MM with a large size on bid-side just get on recently? I may not know how to phrase that correctly...
 
Posted by H2NRG on :
 
For Scottraders using the new Scottrade site, go under Account Performance, and you should see what you ought to see after you actually receive your FS shares. It's in the "GainsKeeper" part of the site, which I understand is an accounting area for tax purposes. Also go to "Symbol History" and enter GVRP, and you should see all your GVRP trades, then the FS calculation at the end. At least that's what I see, as I did not buy any shares this week. All my shares from last week have settled.

Just waiting for what's in GainsKeeper to be reflected on the Positions page.
 
Posted by glassman on :
 
i haven't explored the new site yet, i've been to darn busy... [Big Grin]
 
Posted by JHenry on :
 
That's one thing that has been on my mind, Scottrade account shows .0002 right now with a market value of .03 with my 150 shares. How can they split the price and not the shares? Who is the one that controls the price of the stock. If the shares have not been approved or released from the DTC how can they split the price. The system just seems to be really screwed up. I can't understand the logic. It would seem like they would have to both at the same time and if there is a problem then trading should be halted until both can be done at the same time. I just don't understand this - they do one but not the other. It drives me crazy when I think about it.
 
Posted by H2NRG on :
 
Interesting theory re: Ameritrade...
http://www.investorshub.com/boards/read_msg.asp?message_id=6482799
quote:
Posted by: coinstarz
In reply to: None
Date:5/26/2005 12:08:09 PM
Post #of 54804

My theory on Ameritrade GVRP divvy.

Here is my theory based on the phone conversation with AMTD reps. It is only my own opinion. Please treat it as a second opinion.

After talking with AMTD reps yesterday and this morning, I have much more clear picture about this whole situation, how it happened, and why….read on…

Start from last Friday May 20.

GVRP did R/S and then F/S and set F/S ex-divvy date on May 23. AMTD tallied shares at the close of Friday May 20 and issued shares to its customers. Why did AMTD do that? To compete with online trading market, AMTD has been pushing envelope to the edge to grab more customers and to satisfy its clients. AMTD has an agreement with DTCC to get divvy just before the ex-date. And all these transaction were done AUTOMATICALLY by the computer. No live person was involved in the process. At the Friday close, the computer automatically generated tally and send to DTCC, and DTCC system automatically issue the shares to AMTD system, and then AMTD system automatically place shares into its customers. The payment to DTCC was also automatically done by the computer. In the age of Internet and high-speed powerful computer, this kind of automatically transaction does cut huge cost and improve efficiency...but

It was Monday May 23...

Then, we already knew someone screw the process. An insider of GVPR improperly sold shares short last week and the F/S divvy cannot be delivered to DTCC on Monday May 23. Now, AMTD got itself into the trouble, because it has paid to DTCC for the shares because AMTD thought the F/S was legitimate. It has done all the deals and never had the problem.

On Monday, Ameritrade received PR from GVRP, and managers stumbled on to the computer system. They know what happened but they don’t know how to clean it up. It is perfect legal. AMTD is stuck in the mud. Since AMTD has already issued the F/S shares to its customers and paid for DTCC, that means AMTD lost money but not the company. The company failed to deliever. The individual who sold shares is nothing to AMTD. This person or GVRP company can declare bankrupt and all liability will fall Ameritrade.

Now…

Ameritrade wants to recoup the loss. NITE is Ameritrade MM. That is why we see NITE at ask to help cover the shares. Remember, no MM is helping the insider, they are helping themselves each other to recoup the loss. How big the loss? Very large. multi-million or even billion dollars… If Ameritrade writes off the loss, then AMTD own stock price will drop like rock. The insurance premier will rise…it is a snowball problem….

Solution…?

So far…NONE...that is why the trading is slow...NITE is helping to maintain the market...eTrade holds shares...remember AMTD wanted to buy eTrade?...

Final note....

It is fun...But I have enough already. I start to scream....Weeeeeeeeee


"In the business world, the rearview mirror is always clearer than the windshield." - Warren Buffett

Peace!

C-Starz


 
Posted by glassman on :
 
 -
 
Posted by George on :
 
quote:
Originally posted by glassman:
i haven't explored the new site yet, i've been to darn busy... [Big Grin]

I have been using it off and on but it gets a lot of error and page faults..they still have bugs to workout but I do not have time to identify them for them like they want. They want feedback on any issues.

I am still using the old site because of it.
 
Posted by vg on :
 
Ameritrade just cancelled my withdrawal of funds - order rejected by internal source
 
Posted by dishgal1 on :
 
After several more emails to Amtrade.....received this one. A little different tone to this one. I also mentioned to them that Scottrade and Etrade were protecting their clients a little better....Could that be the reason for this reaction? LOL

Thank you for contacting us today concerning GVRP.

The split shares were actually credited to your account. However, we have since received information that the agent for GVRP or the regulators may reverse the split, which would in essence pull back the shares.

I truly apologize for the confusion. But, regrettably, this is the only information we have. To speculate on the situation and possibly influence your decisions would be nothing but a disservice to you, and we do not want to put you into a position for which you would be responsible. Once we do receive word on what is happening, we will absolutely notify our account owners who hold shares in GVRP.

You may want to look at the company's Web site for information (look at Investor Relations) or a financial site like Yahoo! Finance to look for any further information.

Any e-mail sent by us will not have a bearing on the final determination on this stock.

If you have further concerns or inquiries, please reply to this message.

Sincerely,
 
Posted by H2NRG on :
 
(Another) Response from Ameritrade...
http://www.investorshub.com/boards/read_msg.asp?message_id=6483031
quote:
Posted by: Mike2112
In reply to: Mike2112 who wrote msg# 54454
Date:5/26/2005 12:22:58 PM
Post #of 54810

Finally got an Ameritrade response....

Dear XXXXXXXXXXX:

Thank you for contacting us today regarding GVRP.

Payment of the additional forward split shares to your account was made based on the indication of payment at the Depository Trust Company. This allowed us to post the shares to your account, available for sale on the open market. At this time, your position in GVRP is available for sale.

As you may know, the proceeds from a sale of GVRP shares will not be available for withdrawal or purchase of securities. This hold will be in place until a final determination is made in regards to the questions surrounding the forward split.

Any request for a confirmation in writing must be submitted to our Compliance department by mail of fax, using the following information:

Mail:
Ameritrade
1005 N. Ameritrade Place
Bellevue, NE 68005

Fax:
816-243-3769

If you have further concerns or inquiries, please reply to this message.

Sincerely,
Mike Gonzales
Manager, Ameritrade
Division of Ameritrade, Inc.

Original Message Excluded:
-------------------------


 
Posted by <scott> on :
 
jhenry:

yours is the exact same situation as mine. i don't understand why the price updated but not the qty of the shares.
 
Posted by glassman on :
 
wow, a brokerage caught in a short-squeeze?

hmmmmmm.....
 
Posted by dishgal1 on :
 
H2 That is the very same thing I am hearing in my mind. Very logical intrepretation of current circumstances and makes total sense. When I mentioned Scottrade and Etrade being more responsible, I got the last email showing their concern about not causing me harm...LOL

Competition is what it boils down to. You are correct...as far as I'm concerned their a$$ is on the line for this one. They have more to lose than we do.
 
Posted by George on :
 
quote:
Originally posted by JHenry:
That's one thing that has been on my mind, Scottrade account shows .0002 right now with a market value of .03 with my 150 shares. How can they split the price and not the shares? Who is the one that controls the price of the stock. If the shares have not been approved or released from the DTC how can they split the price. The system just seems to be really screwed up. I can't understand the logic. It would seem like they would have to both at the same time and if there is a problem then trading should be halted until both can be done at the same time. I just don't understand this - they do one but not the other. It drives me crazy when I think about it.

exactly.. the price refelects the split screwup. So if they reverse the split they can not take back the shares bought this week after the split. The PPS should go back to where it was (6.50) and the shares bought this week could be gold.....
 
Posted by Raptorsrule on :
 
Just got off the phone with an Ameritrade broker. I told him i wanted to place a demand for settlement on my account per SEC rules. He said ahh yes...I've heard of this stock plenty this week. He asked me to hold so he could check with the higher ups. He came back and confirmed to me that the SEC was indeed investigating this and until they got word back from them they could not do anyhting. I said so even though the rules state I can place the demand you won't do it....He said the SEC has advised them to take no action of any kind regarding this stock until they get back with them.

The hunt is on...and IMHO they can't change the rules now to cover some poor schmuck co. who screwed up or there will truly be chaos.

This $hit is good!...LOL

Matter of time now IMHO folks...we are gonna make BANK!
 
Posted by dishgal1 on :
 
I might add, the last response received from AMtrade was a lot longer in coming than the first ones which were answered almost immediately. They had to discuss options before commenting on that one.
 
Posted by glassman on :
 
glad you guys are feeling better dish...

another issue here....

the SHO list is very real....

maybe this case will make it a part of HISTORY [Big Grin]
 
Posted by cruz on :
 
my pending request to withdrawal funds still stands at this moment. if i get the $$$$, i am not paying it back.
 
Posted by vg on :
 
hey raptor have you been able to touch the funds that you received on Mon. from sale of GVRP
 
Posted by H2NRG on :
 
I didn't see Purl Gurl post this here, so...
http://www.investorshub.com/boards/read_msg.asp?message_id=6481643
quote:
Posted by: Purl Gurl
In reply to: None
Date:5/26/2005 11:03:33 AM
Post #of 632

Successful Demand For Settlement - Correct NASD Phone

I talked with a specialist at Etrade this morning, twice,
once by my call and a nice return call from Kevin who
is a specialist. Note, Kevin is not customer service,
he is a specialist.

Kevin successfully placed a demand for settlement
for my account.

I also explained to Kevin with market makers at brokers
actively trading GVRP, presumably for profit, this does
create an appearance brokers are increasing corporate
profits by trading while denying customers an ability
to trade. Otherwords, brokers are cornering the market.
He did not know if this is unlawful.

What is good for the goose, is good for the gander.

Some are calling Jennifer Coragela at NASD. She is nice and
willing to offer all she knows, which is not much. Jennifer
provided a telephone for the "correct" NASD department
to call to voice your concerns about GVRP stock.

1 800 925 8156 which is NASD regulations department.

Again, Jennifer is very nice but she simply has no
information from higher up the chain of command. Her
department is not the correct one for phone calls.

I will urge you to call your broker and insist a demand
for settlement be placed. I was successful in doing this,
perhaps you will be as well.

I also urge you to call NASD regulations and voice your concerns.

Please, do not call Jennifer; she is not the right person.

In keeping with my past postings, I will again urge readers
to make contact by phone and email to express your concerns.
Traders must apply constant pressure to motivate the "system"
to resolve issues promptly.

Some have ridiculed me for urging others to take actions. That
is their right. However, I will not allow ridicule by others
to stand in my way, to prevent me from doing all I can to
turn a profit. My only interest is making money. I have no
interest in becoming a mindless minion obeying what the
popular people on message boards dictate.

Take action or stay out of my way.

Please join me in applying pressure. If you do nothing,
you can expect nothing to be done.


Purl Gurl


 
Posted by dishgal1 on :
 
Oh, I think this could turn into a scandal.....AmTrade will be the one getting the bad press. If you look again at that article, from last night, the focus was on Amtrade, I don't think other brokers were even mentioned if I remember correctly.
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
my pending request to withdrawal funds still stands at this moment. if i get the $$$$, i am not paying it back.

Why would you need to pay it back? It's your money. You made a trade and made alot of money. When you make a trade and lose your @$$, you lose and they sure do take it out of your account quickly. They need to get on the ball here, regulators, whoever. This is BS. Due bills are now over due. I was owed my post split shares by midnight LAST NIGHT. I want them.
 
Posted by George on :
 
If they reverse the split then they will buy back all the shares for what we paid for them? I bought at 1.55 last week and it is only PPS of .0001 this week because of the screwup.
 
Posted by vg on :
 
Cruz my withrawal went though this morning at 7:30 and at 11:30 it was cancelled
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Raptorsrule:
Just got off the phone with an Ameritrade broker. I told him i wanted to place a demand for settlement on my account per SEC rules. He said ahh yes...I've heard of this stock plenty this week. He asked me to hold so he could check with the higher ups. He came back and confirmed to me that the SEC was indeed investigating this and until they got word back from them they could not do anyhting. I said so even though the rules state I can place the demand you won't do it....He said the SEC has advised them to take no action of any kind regarding this stock until they get back with them.

The hunt is on...and IMHO they can't change the rules now to cover some poor schmuck co. who screwed up or there will truly be chaos.

This $hit is good!...LOL

Matter of time now IMHO folks...we are gonna make BANK!

Bump.
 
Posted by H2NRG on :
 
Has anyone else had a "successful" demand for settlement? Not sure who to contact at Scottrade to do what Purl Gurl suggests.

Here's a follow-up post from Purl Gurl...
http://www.investorshub.com/boards/read_msg.asp?message_id=6482339
quote:
Posted by: Purl Gurl
In reply to: Luckyd0g who wrote msg# 605
Date: 5/26/2005 11:40:33 AM
Post #

RE: I bought last week, by Lucky Dog

There is a joke about a three legged dog named Lucky,

Lucky Dog asks,

"So If I bought last week 5/19...."

Yes, you are entitled to forward split shares. The "deadline"
for buying was before or on Friday, May 20, 2005, last Friday.

Bill Due date was yesterday, May 25, 2005, Wednesday.

Your forward split shares are now officially overdue. Per
SEC regulations, you are entitled to place a demand for
settlement, sometimes called a "demand buyin" which places
you on record as having "demanded" all brokers involved
in your transaction are to settle, otherwords provide you
with your forward split shares.

A company, GLUV, releasing news to not trade shares, a
company making a mistake, does not preempt SEC rules.
Companies, brokers, Wall Street in general, cannot elect
to follow or not follow SEC rules at whim and wish. They
rarely follow rules, but that does not nullify rules.

Regulations require settlement within three days for all
transactions, which includes providing shares and providing
funds, both for either buy or sell. Note, those are three
business days, not calendar days.

One or more brokers are currently in violation of SEC rules
with their not having provided your forward split shares.
I urge you to contact your broker and insist a demand for
settlement be placed for your account.

Doing so is your right and in keeping with SEC regulations.

Do so, or resign to allowing Wall Street to screw you.

Purl Gurl


 
Posted by glassman on :
 
OH, by the way RAPT has given back 50% this morning...that's why i don't post those [Big Grin]
 
Posted by Trader88 on :
 
They all wait until Thursday before a 3 day weekend to get the ball rolling on this. This could be a loooonnnngggg weekend folks.
 
Posted by Raptorsrule on :
 
This is starting to click....Why shouldn't Ameritrade allow us to selll. especially when NITE is standing there with open arms to scoop them up. Ameritrade is trying to cover by buying the shares from their own clients.....MUHHAHAHAHAHAHAH.....

well here's what i say to that. PLBBBBBBBBB! (sticks tongue out!)
 
Posted by cruz on :
 
i think i am going to reset my pending withdrawal to come out tomorrow. today would be the third day settlement. tomorrow should be fine - legally.
 
Posted by glassman on :
 
 -
 
Posted by dishgal1 on :
 
AMTD stock up .22.............hmmm, they don't need any bad press, I am sure they are wanting to clear this thing up as soon as possible.
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
i think i am going to reset my pending withdrawal to come out tomorrow. today would be the third day settlement. tomorrow should be fine - legally.

You still won't get it. AMTD is freezing all funds from trades of GVRP until it's resolved by the regulators.
 
Posted by cruz on :
 
i did my request about an hour ago. so maybe it would have gotten cancelled later today.

quote:
Originally posted by vg:
Cruz my withrawal went though this morning at 7:30 and at 11:30 it was cancelled


 
Posted by dishgal1 on :
 
They all wait until Thursday before a 3 day weekend to get the ball rolling on this. This could be a loooonnnngggg weekend folks.

Trader: But at least maybe we can have 3 days of peace and quiet....maybe even get a little sleep. LOL
 
Posted by rrttd on :
 
just talked to scotstrae broker tried to place demand for settelment he said never heared of it so hes going to contact their legal dept. he also said that dtc has it under investagation so do nothing till they clear the shares
 
Posted by cruz on :
 
quotetracket showed a bid of 0.0002. my alphatrade show bids stacked at 0.0001
 
Posted by Trader88 on :
 
OK, now at least we know the game is on. Took 4 trading days for everyone to get their head out of their @$$ and start working on this. This could now take a long time to resolve. We will all probably just end up with whatever we put in this stock in the first place, in my case its $530. Or maybe even get nothing.
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
quote:
Originally posted by JHenry:
That's one thing that has been on my mind, Scottrade account shows .0002 right now with a market value of .03 with my 150 shares. How can they split the price and not the shares? Who is the one that controls the price of the stock. If the shares have not been approved or released from the DTC how can they split the price. The system just seems to be really screwed up. I can't understand the logic. It would seem like they would have to both at the same time and if there is a problem then trading should be halted until both can be done at the same time. I just don't understand this - they do one but not the other. It drives me crazy when I think about it.

exactly.. the price refelects the split screwup. So if they reverse the split they can not take back the shares bought this week after the split. The PPS should go back to where it was (6.50) and the shares bought this week could be gold.....
ok, need help here, my first reaction is the opposite. If you buy 3mm for $300, then wash back to Friday, you've got 1 share = $6.50 for a loss of 300 - 6.50 = 293.50 no?
 
Posted by dishgal1 on :
 
QUESTION????

Trader: Then why are they continuing to let it trade at all? It should have been halted wouldn't you say?
 
Posted by Trader88 on :
 
Should have been, but they probably blew it off until now. Now they are all in deeper water. The govt works slowly until it realizes that it's something important. Probably took them 4 days to understand that this really is MAJOR.
 
Posted by glassman on :
 
quote:
Originally posted by rrttd:
just talked to scotstrae broker tried to place demand for settelment he said never heared of it so hes going to contact their legal dept. he also said that dtc has it under investagation so do nothing till they clear the shares

this sounds a lot like what several people have been suggesting.....
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
QUESTION????

Trader: Then why are they continuing to let it trade at all? It should have been halted wouldn't you say?

the MM's are sharks..they have lawyers too....
 
Posted by Trader88 on :
 
quote:
Originally posted by Trader88:
Should have been, but they probably blew it off until now. Now they are all in deeper water. The govt works slowly until it realizes that it's something important. Probably took them 4 days to understand that this really is MAJOR.

And it probably will take them 4 months to resolve it, or 4 years, lol.
 
Posted by BuyTex on :
 
i-hub update re AMtrade:

Posted by: chisox pat
In reply to: coinstarz who wrote msg# 54788 Date:5/26/2005 12:16:38 PM
Post #of 54880

Latest, and once again different story from Atrade.

They did not receive the shares from the DTC, but issued them assuming they would. Told me if the split was rescinded I may hold a short position (I told them to review NASD inadvertant short regs). Also confirmed that DTC and SEC are involved at this point. This was from the reorg dept.

--------------------

I've been wondering about that: seems like their language in those first messages never actually said we HAVE the shares, it was more like "delivered per agreement with DTC"...slight hair-splitting, but different...
 
Posted by rrttd on :
 
broker just called back said legal has no such thing as a demand settelment and they wont credit accounts do to the fact dtc has not given them out so their protecting their clients by doing it this way he said i could put in a sell of the shares i have at a big loss i dont have stupid printed across my forhead
 
Posted by DENSKIJR on :
 
Is it just me or are trades starting to gothrough again Im trying to remember how many shares traded today?? just peaking in at work. Im addicted to gvrp 86 hours and still going [Big Grin]
 
Posted by glassman on :
 
NITE has been sitting on ask (offering shares) at .0002 since 09:41:00

and they are ameritrades ally? i don't think so....
 
Posted by H2NRG on :
 
Interesting posts from TGL board...
http://www.investorshub.com/boards/read_msg.asp?message_id=6483632
quote:
Posted by: SpillWay
In reply to: None
Date:5/26/2005 12:57:11 PM
Post #of 54884

I'm not holding any shares of this stock, but it seems to me that eventually the holders of the forward-split shares will have to have their shares delivered and cleared for selling and actually having the proceeds of that sell to use as they wish, or everyone involved has acted in a manner that has brought discredit to the NASDAQ.

Ameritrade, DTCC, and everyone else can dance around this and investigate and try to figure out what to do, but eventually that's what has got to happen or the NASDAQ will start looking like Ken Lay.

It's done. The card has been layed and played. Sorry they screwed up on the forward split ex-dates, but it's a done deal and now someone has got to cover the shares awarded in the dividend.

But can you just imagine the behind-the-scenes scrambling going on right now? Good grief, I'll bet there are some people at NASD that stayed there all night.


http://www.investorshub.com/boards/read_msg.asp?message_id=6483710
quote:
Posted by: SpillWay
In reply to: None
Date:5/26/2005 1:02:05 PM
Post #of 54884

One more thought. I'm sure Ameritrade and everyone else involved is wanting to make DARN SURE that the actions they eventually take are not something that will eventually come back and bite them in the arse.

They're saying, "Here's what we'er faced with, what is the proper, legal, and correct thing to do?"

And a bunch of suits are shrugging their shoulders and saying, "I don't know yet, but don't give away the farm until we figure it out."

Just give them the dividend shares, let them sell them, and proceed to the next problem, eh?


 
Posted by glassman on :
 
231,971,998 shares
35K$
70 trades....
 
Posted by Raptorsrule on :
 
Yes but wouldn't that in fact double there money Glass....
 
Posted by glassman on :
 
yes the double/triple will help the churn...

if they are gonna buy back....that's how i expected they would make this go away, it's just gonna take longer..... i think i posted that strategy last saturday or sunday
 
Posted by George on :
 
If it all started because someone some how made a bad investment last week I do not see how they can stop it. They do not step in when I make a bad investment.

The trouble started because someone put shares into the market last week. Not because amtrade got the F/S shares on Friday night.
 
Posted by vg on :
 
rapt I think it would double their money, but I think everyone knows about it and therefore their plan is not working too much. besides who wants to buy at 0.0002 if they cant sell unless someone just looks at the price and jumps in without DD, thinking they will double up easy in future. Very hard
 
Posted by glassman on :
 
patience....
 
Posted by Raptorsrule on :
 
is a virtue....
 
Posted by Trader88 on :
 
quote:
Originally posted by George:
If it all started because someone some how made a bad investment last week I do not see how they can stop it. They do not step in when I make a bad investment.

The trouble started because someone put shares into the market last week. Not because amtrade got the F/S shares on Friday night.

The REAL trouble is that in all likelihood they sold into the market after a FLUFF PR was released of a merger. That PR was designed to increase the price so that "seller" could make a lot of money. The only thing is that they thought they were selling f/s shares already, LOL.
 
Posted by keithsan on :
 
what this isn't a runner?
 
Posted by BuyTex on :
 
anybody see a sell order for 999,999,999 @ .0002?
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
anybody see a sell order for 999,999,999 @ .0002?

NONE on my datafeed
 
Posted by Trader88 on :
 
That was supposedly hatemm's order. I think hes full of sh__ that he made 500 k on this stock. Nobody can get money.
 
Posted by glassman on :
 
there's only 232million shares traded so far today....

is he an iHUBBER? where everybody is sophisticated? [Big Grin]
 
Posted by Trader88 on :
 
All I know is the due bills are late and I can't get any money for a legit trade. I want my f'in stock! Sent AMTD another email demanding that they find whoever sold me my stock and make them cover! This sh__ is getting old. Give me my gd f'in stock!!!!!!
 
Posted by H2NRG on :
 
Yet another same-old, same-old email response from Scottrade:
quote:
Thank you for your e-mail.

As of 5/25/05 this issue is still pending SEC and NASD ruling. We have not been made aware of a time frame on this ruling. DTC is also involved in an investigation of their own. Scottrade will not post these shares to accounts until such time as DTC has completed their review and allocated shares to Scottrade. We do understand the frustration resulting from this issue with GVRP. Unfortunately there is no additional action that Scottrade can take at this time. Scottrade will post shares immediately upon receiving them from DTC.

Please let us know if you have further questions.


Thank you,
Kevin ******
Scottrade Inc.

Scottrade has been named Highest in Investor Satisfaction With Online Trading Service Five Times in a Row by J.D. Power and Associates. For award information, visit " target="_blank">www.jdpower.com.[/QUOTE]
 
Posted by Triumph1902 on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6484141

Posted by: Purl Gurl
In reply to: None Date:5/26/2005 1:25:07 PM
Post #of 658

Marvin At NASD

I talked at length with Marvin at the NASD regulations
department. Again, I urge you to call and apply pressure.

This time, I simply started with the bottom line. I explained
almost all brokers are denying trades to customers but their
market makers continue to trade, presumably bringing in profits
for their companies at individual traders expense.

Marvin cited the standard line about "bonafide" market maker
activity and how they have a right to make a market for a
security even when individuals are denied a right to trade.

I explained my opinion is market makers are cornering the
market for profit by trading while not allowing individuals
to trade. I advised him I am trying to point blank prompt
him to admit market makers are engaging in unlawful trading.

He advised he cannot comment on that notion.

My opinion is it is a securities violation and is a
civil violation for market makers to trade securities
and deny the public a right to do the same.

Market makers are robbing individuals of potential profits.

Marvin idicates they are aware of the situation and both
the NASD and SEC are investigating. He could not provide
a time frame for resolution.

Responses I am receiving from various regulatory bodies is
it is legal for market makers to trade securities, for
profit or loss, while not allowing individuals to trade.

Previous phone number at the NASD I was provided is,

1 800 925 8156

I talked with Kevin (name coincidence) at that number.
He said he could not answer my questions and transferred
me to another department, for which Marvin spoke.

That number, the different department is,

1 240 386 5105

A number was provided for the SEC, for reporting violations,

1 800 SEC 0330 (1 800 732 0330)

Marvin suggests complaints be filed through both the NASD
web pages and the SEC web pages. Please review my old
articles for the best NASD page to use. Most of their
pages respond, "This is a SEC matter" but there is a
generic category at the NASD web site through which you
can sneak in a complaint.

Again, I urge you to apply pressure. No actions will be
taken in a timely fashion unless hundreds of people make
contact and "annoy" them.

Squeaky wheel gets the grease.

Once again, if you do nothing, you will get nothing.

Purl Gurl
 
Posted by Triumph1902 on :
 
I think she is right..can't hurt to mess with them...make them move quicker.
 
Posted by Trader88 on :
 
If its true that a little old lady from Pasadena with a 300MM family trust has my stock, liquidate her gd account and deliver my stock please!
 
Posted by BuyTex on :
 
from:

http://www.sec.gov/answers/tradingsuspension.htm

"When can the SEC suspend a stock from trading?

When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information."

There was no suspension (or halt, which the company can initiate--but *NOT* with a PR through "bizwire"); hence the SEC failed to protect investors once. Reversal protects neither the public interest nor investors.

Here's the link to SEC complaints:

http://www.sec.gov/complaint/selectconduct.shtml
 
Posted by glassman on :
 
a big trade just posted....290,000,000 shares at .0001

maybe the shares are here?
 
Posted by glassman on :
 
BIMC has a bid offer for 5,000,000 at .0001

Jeff has a bid offer for 1,000,000 at .0001
 
Posted by Trader88 on :
 
Just got this back from AMTD:

Thank you for contacting us today regarding GVRP.

At this time, I don't have any additional information regarding the
payment of these split shares. Inquiries regarding the status of this
company should be directed to the companies investor relations department.

If you have further concerns or inquiries, please reply to this
message.

Have a great day!


INVESTOR RELATIONS DEPT? GIVE ME A BREAK!!!!!
 
Posted by vg on :
 
before they were saying call restructuring
 
Posted by vg on :
 
received from ameritrade

This is for you Cruz

Dear xxxxx:

Your ach request was cancelled because your funds from GVRP are not
available as we are still researching the validity received from the sell.

If you have further concerns or inquiries, please reply to this
message.

Sincerely,

Fritz Carter
Client Services, Ameritrade
Division of Ameritrade, Inc.
 
Posted by DENSKIJR on :
 
Let the trading comense. Ha

you scott traders post when you recieve shares. please.

TIA
 
Posted by Trader88 on :
 
MM's are making money trading this stock today, and I can't get my shares. Why the F are they trading it and not letting us trade it or get our money if it is under investigation?

Seems like in the end there will be a lot of responsible parties here, not just the company or insider.
 
Posted by cruz on :
 
thanks vg. i just noticed you pm'd me as well.

quote:
Originally posted by vg:
received from ameritrade

This is for you Cruz

Dear xxxxx:

Your ach request was cancelled because your funds from GVRP are not
available as we are still researching the validity received from the sell.

If you have further concerns or inquiries, please reply to this
message.

Sincerely,

Fritz Carter
Client Services, Ameritrade
Division of Ameritrade, Inc.


 
Posted by BuyTex on :
 
presumably everyone is busily e-mailing and phoning complaints. I am...
 
Posted by blue_in_MI on :
 
i have been trying to read about and understand this whole situation, is certainly very strange. have to admit, am not sure i fully grasp the entire thing.

what is clear in skimming this monster of a thread though, is that there is growing indignance and demanding of shares and talk of MM's making profit and all that.

i have to admit, coming in from a situation of ignorance about this whole thing and trying to make sense of it, almost seems surprising and confusing to me. is this whole thing basically not a case of trying to take advantage of a mistake? in other words, how is this situation different than say, if best buy accidentally forgot 2 zero's and priced a 60" plasma tv at $100 instead of $10,000? if you took it to the register, would it be "right" to be indignant that they would not honor the price, when clearly it was a mistake? disappointed? sure. but - indignant and demanding?

i dunno, i fully expect to get savaged over this question, but - honestly it is an innocent question, seriously. and one likely borne of my lack of understanding of this whole thing, i fully admit i haven't been following the whole thing. but - can someone explain to me in very simple terms (a) this whole thing (is there a link to a good summary somewhere? -and- (b) how it is different than say my best buy tv example, and/or basically not trying to "get away with one?".

i am sorry if this offends or angers anyone, that is not my intent. i am just trying to understand the whole situation because it's certainly a fascinating one, and was a little confused about some of the reactions here.
 
Posted by Trader88 on :
 
quote:
Originally posted by blue_in_MI:
i have been trying to read about and understand this whole situation, is certainly very strange. have to admit, am not sure i fully grasp the entire thing.

what is clear in skimming this monster of a thread though, is that there is growing indignance and demanding of shares and talk of MM's making profit and all that.

i have to admit, coming in from a situation of ignorance about this whole thing and trying to make sense of it, almost seems surprising and confusing to me. is this whole thing basically not a case of trying to take advantage of a mistake? in other words, how is this situation different than say, if best buy accidentally forgot 2 zero's and priced a 60" plasma tv at $100 instead of $10,000? if you took it to the register, would it be "right" to be indignant that they would not honor the price, when clearly it was a mistake? disappointed? sure. but - indignant and demanding?

i dunno, i fully expect to get savaged over this question, but - honestly it is an innocent question, seriously. and one likely borne of my lack of understanding of this whole thing, i fully admit i haven't been following the whole thing. but - can someone explain to me in very simple terms (a) this whole thing (is there a link to a good summary somewhere? -and- (b) how it is different than say my best buy tv example, and/or basically not trying to "get away with one?".

i am sorry if this offends or angers anyone, that is not my intent. i am just trying to understand the whole situation because it's certainly a fascinating one, and was a little confused about some of the reactions here.

We saw an opportunity, and took it. This is the stock market, not a gd flea market! They (insiders, whoever) thought they were going to make a killing by dumping shares into news last week. Ask them if it's fair to do that. Start with the beginning of the chain here, and you will see who is at fault. We bought shares knowing there were due bills attached. We made legitimate trades. Theirs were questionable at best. Let me ask you this. When I lose money in the market, am I entitled to a "do-over"?? I don't think so. We are entitiled to the shares, entitled to the split. End of story.
 
Posted by glassman on :
 
in other words, how is this situation different than say, if best buy accidentally forgot 2 zero's and priced a 60" plasma tv at $100 instead of $10,000? if you took it to the register, would it be "right" to be indignant that they would not honor the price, when clearly it was a mistake?

actually blue...they are REQUIRED BY LAW to honor the posted price on a product....check with your attorney if you don't believe me....

those car dealers sales ads you see in the paper..read the fine print..they are for ONE single car..sold before you get there, but the price must be honored...


there are many cases of internet sales recently the same way...they have made national headlines..

airline tix with decimals in wrong places and hotel rooms too..they must be honored..
 
Posted by keithsan on :
 
bunch of buys at 3

looks like mirrored though
 
Posted by keithsan on :
 
Blue,

this company had just done a 6.5 million to 1 R/s so i don't feel bad for them, they are getting what they deserve.

also, if you own shares before an F/S and you sell them before ex-date, You have lost your shares. This has happened to many traders. No one fixes it for them.
 
Posted by glassman on :
 
to "divest" themselves of 320,000$ in debt... LOL
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
to "divest" themselves of 320,000$ in debt... LOL

I think they know the real meaning of the word "debt" now, LOL!!
 
Posted by BuyTex on :
 
1.25bb...somebody's tradin'
 
Posted by H2NRG on :
 
No luck with requesting a demand for settlement (buy-in) from Scottrade. Since GVRP is under review by SEC/NASD, they won't do anything of the sort. Talked with a woman in Compliance at corporate.
 
Posted by pcloadletter on :
 
Just got off the phone with trading direct, they assure me my shares will be there tommorrow
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
Just got off the phone with trading direct, they assure me my shares will be there tommorrow

Did they tell you how? Unless SEC has made a decision I don't see how they can tell you that yet. You mean they will be in your account, or actually delivered?
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Just got off the phone with trading direct, they assure me my shares will be there tommorrow

reallly...You didn't happen to ask them why they are now so sure, did you?
 
Posted by glassman on :
 
quote:
Originally posted by pcloadletter:
Just got off the phone with trading direct, they assure me my shares will be there tommorrow

that's more or less what the nice lady at scotrade told me last night..they had a "tentative" date of the 26th...midnight tonight? shares here tomorrow....
 
Posted by pcloadletter on :
 
Didn't care to ask how (just make it happen mentality and all)

They did say Wednesday that ADP Clearing didn't have them yet and one they did, I would get mine.

Has SEC officially stated they are investigating?
If so, why haven't they halted trading?

Note: Wells Fargo shows my shares without restrictions.
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
Didn't care to ask how (just make it happen mentality and all)

They did say Wednesday that ADP Clearing didn't have them yet and one they did, I would get mine.

Has SEC officially stated they are investigating?
If so, why haven't they halted trading?

Note: Wells Fargo shows my shares without restrictions.

People have gotten emails from brokers saying that the stock is under investigation. I have not seen anything official from SEC. Just don't see how they can tell you that when everyone elses broker is saying they are waiting for an answer from regulators.
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Didn't care to ask how (just make it happen mentality and all)

They did say Wednesday that ADP Clearing didn't have them yet and one they did, I would get mine.

Has SEC officially stated they are investigating?
If so, why haven't they halted trading?

Note: Wells Fargo shows my shares without restrictions.

background link:

http://www.sec.gov/litigation/suspensions.shtml
 
Posted by H2NRG on :
 
glassman... who'd you speak with at Scottrade telling you the 26th? I spoke with a woman in Compliance just about 15 min ago, who gave me the same pat "under review by SEC/NASD" answer I've been given for days.
 
Posted by pcloadletter on :
 
With all the shares trading this is going to be a mess.

If the MMs are buying and reselling, then major headaches if recalled.

If people are buying and selling or holding, same issues.

Ask yourselves, with all the shares being bought (probably by MMs), how would they do a reversal?

The MMs are going to make a killing....they always do...we might get the cream this time also.

They do not buy where profit cannot be found.

Hold long!
 
Posted by pcloadletter on :
 
Chaos = Cash
 
Posted by pcloadletter on :
 
The trades from Monday will need to clear today.

If the end of the week hits without suspension or reversal, I don't see how they can do anything.

The odd thing is no PR from GVRP or the SEC.

The hour is late and clocks are hard to turn back.
 
Posted by glassman on :
 
quote:
Originally posted by H2NRG:
glassman... who'd you speak with at Scottrade telling you the 26th? I spoke with a woman in Compliance just about 15 min ago, who gave me the same pat "under review by SEC/NASD" answer I've been given for days.

Jen was her name.... that's all i asked for...

she made no promises... she said the NASD has a "tentative" date of 5-26 we talked for quite awhile and discussed the whole play.....

there's more to getting this thing fixed than just sending out the shares...
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
With all the shares trading this is going to be a mess.

If the MMs are buying and reselling, then major headaches if recalled.

If people are buying and selling or holding, same issues.

Ask yourselves, with all the shares being bought (probably by MMs), how would they do a reversal?

The MMs are going to make a killing....they always do...we might get the cream this time also.

They do not buy where profit cannot be found.

Hold long!

The MM's appear to just be matching. They don't want any part of these shares, but they sure don't mind buying and selling at 100% profit.
 
Posted by pcloadletter on :
 
A lot of the brokers won't allow buys...

Who is buying?
 
Posted by glassman on :
 
The MM's appear to just be matching. They don't want any part of these shares, but they sure don't mind buying and selling at 100% profit.
that's not what i've seen...i've seen some BIG buys go thru at .0001
 
Posted by glassman on :
 
quote:
Originally posted by pcloadletter:
A lot of the brokers won't allow buys...

Who is buying?

somebody who wants put the screws to ameritade? or isit ameritrade?
 
Posted by H2NRG on :
 
Was Jen at Scottrade corporate? I found Trish in Compliance somewhat knowledgable, yet not completely about what's going on. We spoke for 5-10 minutes--didn't want to take up much of her time, since she couldn't do what I had hoped to do--formally lodge my request for my shares. Too bad that they don't all have the same info shared in-house.

I'll feel more comfortable when I see my FS shares sitting in my Positions column. Yeah, that's an understatement, shared by all.
 
Posted by pcloadletter on :
 
But ameritrade wasn't the only broker.

WFargo released the dividend Tuesday after researching it. They told me that I was free to do as I wished. No warnings, no threats, nothing.

Now all I need is the price to go up!
 
Posted by pcloadletter on :
 
If shares are in everyones account this is a full go after profit taking. It will be difficult to stop the momentum of everyone taking a small gain and sitting for the payoff.
 
Posted by BuyTex on :
 
NEWS another Remond column:

By Carol S. Remond

A Dow Jones Newswires Column


NEW YORK (Dow Jones)--Billions of shares of a tiny company called Gluv Corp.

(GRVP) have traded this week because someone improperly communicated to the market how many shares the company has outstanding.

It's little difficult to figure out why or exactly how it happened. But market
participants were led to believe by information displayed on a computer system that Gluv would pay out a dividend of three million shares on each of 33 million shares outstanding as of Monday. Not quite sure why this didn't raise a few
eyebrows because it would mean the company would now have a whopping 99 trillion shares outstanding after the dividend payment.

Regulators are looking into the fiasco.
Gluv, a shell company that recently announced a reverse merger with Media Magic Inc., meant to pay the dividend on 11 shares, not 33 million shares. It had recently done a reverse split that resulted in 11 shares outstanding in an attempt to buy out many holders who then became just fractional holders.

"This is not a problem we had anything to do with," said Steven Dreyer, a lawyer who represents Gluv.

Dreyer said Gluv has been talking to the Securities and Exchange Commission
and the NASD and that the company has asked securities regulators to reverse or unwind improper trades of what are in fact non-existent shares. Dreyer said regulators have not responded to the company's request to cancel trades.

Dreyer said that he has seen the dividend information sent by the company to NASDAQ and that it correctly reflected Gluv's plan to complete a 3 million-for-one forward split on 11 shares outstanding.

NASDAQ disagrees. "We don't believe that we imputed the information incorrectly," said Jenifer Coragelo with NASDAQ's Market Operation Dividend Department. "We did process what we had correctly," Coragelo said.

Coragelo said an investigation by the SEC and the NASD is ongoing. NASD which has a majority control in NASDAQ also serves as its regulator.

The SEC and the NASD declined to comment. A NASDAQ spokesman said that the exchange doesn't have the authority to unwind trades and that responsibility falls onto NASD.

Meanwhile, as regulators and the company try to deal with the situation, hundreds of small investors that bought shares of Gluv are left in limbo waiting to see whether these transactions will be settled.

Brokerage firms that processed these trades are also waiting to hear from regulators how the transactions will be handled. If the transactions are allowed to stand, some firms and customers who sold stock which they thought they held may find themselves short Gluv, having sold shares that they didn't really own or that didn't really exist.

Shareholders told Dow Jones Newswires that several brokerage firms are now restricting the trading of Gluv stock in some fashion. Ameritrade Holdings (AMTD) said Wednesday that it stopped allowing customers to buy Gluv shares on Monday but that it was allowing clients to sell the stock. Ameritrade wasn't available for comment Thursday.

Although it's not clear whether regulators will let all or some of Gluv's trades stand, they have already taken steps to alleviate settlement problems by requesting that the stock not be eligible for Continuous Net Settlement or CNS.

CNS is an electronic clearing system administered by the National Securities Clearing Corp., or NSCC. The Depository Trust Company, or DTC, has also instituted a "Chill" on all processing of Gluv transactions. NSCC and DTC are subsidiaries of the Depository Trust and Clearing Corp., the global clearing and settlement system through which most securities transactions are processed in the U.S.

Market confusion about the exact number of shares of Gluv outstanding may have been exacerbated by the fact that one of the company's 11 shareholders last week started trading stock improperly.

Gluv is a company that trades on the Pink Sheets and has no real business. In order to restructure its stock ahead of a planned merger with Media Magic, Gluv recently spun off its assets into a private company, leaving all but a corporate
shell for Media Magic to slip into.

To get rid of minority shareholders, Gluv conducted a 1-for-6.5 million reverse share split on May 12 which reduced the shares outstanding to just 11. A week later, Gluv said it would conduct a 3 million-for-1 forward stock split that would bring the shares outstanding to 33 million shares. None of these 33 million shares were supposed to trade before Monday May 23.

But somehow at least one of the 11 shareholders got his 3 million new shares early and started selling stock that was not supposed to be trading. In a press release issued Sunday, Gluv warned shareholders that shares had improperly made their way into the marketplace and that investors should "not trade these shares until further notice." The company said it's investigating the matter and that it would "cooperate with regulators in resolving the
situation." Gluv asked the SEC to halt the trading of its stock.

It's unclear why the SEC did not grant Gluv's request for a trading halt.

It's also unclear just how many shares of Gluv, real or not, are currently accounted for by computer entries at various brokerage firms. But that number is likely to be in the billions.

Gluv's lawyer Dreyer said he had heard of "one brokerage account with upward of 10 billion shares."
Gluv stock was recently trading at $0.0002 a share up 50% on a trading volume of more than 849 million shares. Trading volume has been extremely high this week with 2.15 billion shares changing hands on Monday, 556 million shares Tuesday and 787 million shares Wednesday.

(Carol S. Remond is an award-winning columnist and one of four who write the

"In The Money" feature)

-By Carol S. Remond; Dow Jones Newswires; 201 938 2074;

carol.remond@dowjones.com


(END) Dow Jones Newswires


05-26-05 1537ET
 
Posted by dishgal1 on :
 
Nonexistent shares?

So how can we be short if they don't exist?
LOL
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Nonexistent shares?

So how can we be short if they don't exist?
LOL

cuz you sold nonexistent and took the money....
 
Posted by glassman on :
 
"This is not a problem we had anything to do with," said Steven Dreyer, a lawyer who represents Gluv.

that is the BEST news i've heard all week....


that puts it to the xfer agent IMO [Confused]

But somehow at least one of the 11 shareholders got his 3 million new shares early and started selling stock that was not supposed to be trading.
somehow? this happens all the time, and this is what's wrong in the system...
 
Posted by dishgal1 on :
 
True, but, I was told by Ameritrade they were definitely in my acct and had been received from DTC........I even told him to double check and again he said yes.
 
Posted by BuyTex on :
 
Questions:

"It had recently done a reverse split that resulted in 11 shares outstanding in an attempt to buy out many holders who then became just fractional holders."

1) forced out at .0005 gunpoint

" 'This is not a problem we had anything to do with," said Steven Dreyer, a lawyer who represents Gluv.'

2) well who was doin' all the splittin?

"Dreyer said regulators have not responded to the company's request to cancel trades."

3) one bright spot

"Shareholders told Dow Jones Newswires that several brokerage firms are now restricting the trading of Gluv stock in some fashion."
4) Make a list, Carol

"Although it's not clear whether regulators will let all or some of Gluv's trades stand, they have already taken steps to alleviate settlement problems by requesting that the stock not be eligible for Continuous Net Settlement or CNS."
5) implications, anybody?

"Market confusion about the exact number of shares of Gluv outstanding may have been exacerbated by the fact that one of the company's 11 shareholders last week started trading stock improperly. "

6) Is this true, anybody--11 shareholders?


"None of these 33 million shares were supposed to trade before Monday May 23."
7) says who? the company--not the filing.

"It's unclear why the SEC did not grant Gluv's request for a trading halt."
8) as if they should?

"In a press release issued Sunday, Gluv warned shareholders that shares had improperly made their way into the marketplace and that investors should 'not trade these shares until further notice.' "
9) THREATENED illegally, when it could've asked for a halt on news, maybe

"Gluv's lawyer Dreyer said he had heard of 'one brokerage account with upward of 10 billion shares.' "
10)heard from whom?
 
Posted by glassman on :
 
It's unclear why the SEC did not grant Gluv's request for a trading halt.


LOL....
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
True, but, I was told by Ameritrade they were definitely in my acct and had been received from DTC........I even told him to double check and again he said yes.

it seems to me blocking you from re-acquiring them is/was wrong too [Mad]
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
It's unclear why the SEC did not grant Gluv's request for a trading halt.


LOL....

Remember, it's the SEC's JOB to protect investors, not companies trying to get rid of small shareholders. To our credit, the SEC may just decide to use this company as an example and make the MF'er who dumped those shares and their insurance, the T/A's insurance and/or the brokers insurance pay the due bills. (You know, the ones that were due yesterday!)
 
Posted by dishgal1 on :
 
Glass, you know what? I cannot wait for tomorrow to be over....I am promising myself I am not going to look at this board until Tues. Morning.....Nerves are shot, need sleep, I am very bitchy....etc.

Well, maybe once or twice a day I will check in. LOL
 
Posted by glassman on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by glassman:
It's unclear why the SEC did not grant Gluv's request for a trading halt.


LOL....

Remember, it's the SEC's JOB to protect investors, not companies trying to get rid of small shareholders. To our credit, the SEC may just decide to use this company as an example and make the MF'er who dumped those shares and their insurance, the T/A's insurance and/or the brokers insurance pay the due bills. (You know, the ones that were due yesterday!)
yes.... they just released or are ready to release the ENRON movie, the perfect storm.....
 
Posted by DENSKIJR on :
 
Dish,

that was me yesterday my dad was talking to me about a building were looking a purchasing and I told him lets talk tommorrow I need to get sleep so I can get my brain back in gear.LOL plus that fact I have 2 boys 3 and 1/2 and 2 years old and there are on some bad habbit this week of wanting MILK at 4:00 am [Embarrassed] [Confused] this is what I look like getting the milk man I don't even open my eyes when I look in the fridge for the milk dang that light is bright I might have to take it out LOL

Have a great day

Dennis [Big Grin]
 
Posted by dishgal1 on :
 
I am just exhausted. Dens....I just left for a couple hours this aft. I have never had a panic attack but I think I might know what they must feel like or something close.

I don't think I am even going to trade tomorrow. Just too edgy. Can't take more than one of these at a time....LOL Try and get some sleep and let's hope and pray for a peaceful weekend.
 
Posted by Trader88 on :
 
I have calmed down a little after walking around the block. But I still want my due bills, lol. In my opinion, there is ABSOLUTELY NO WAY to unwind everything, like the company is asking. And they say they have nothing to do with any of this. HUH???? Who initiated the r/s and the f/s? Do they think it was a small investor dumping all those shares INTO NEWS last week? The SEC has not halted trading for a reason. The reason is that the company is full of &%$@!!!
 
Posted by glassman on :
 
tranfer agent.... they delivered the shares too soon.....
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
tranfer agent.... they delivered the shares too soon.....

That's true as well. The company, the T/A, and the person or persons who sold shares into the market all have a degree of reponsibility for this. Possibly the brokers and MM's as well. If they all shouldered the responsibility, they can all shoulder the cost of buying back their shares on the open market, IMO.
 
Posted by Trader88 on :
 
When I short a stock, I am responible and shoulder the burdon for buying back that stock. If I buy it back higher, I lose money. I can't turn around and say "hey, I want that trade unwinded, I had nothing to do with it".
 
Posted by glassman on :
 
EXACTLY... [Big Grin]
 
Posted by BuyTex on :
 
glass, what about making ineligible for "continous net settlement"? Mean anything to you? Does that take the pea from the shell game?
 
Posted by glassman on :
 
maybe, but that's just in an op ed isn't it?

i'm not familiar with that rule situation YET [Big Grin]

i have no restrictions showing up at scotrade.....
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
True, but, I was told by Ameritrade they were definitely in my acct and had been received from DTC........I even told him to double check and again he said yes.

I believe you are right and would win. However, that is how they come up with short shares per your question..
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by dishgal1:
True, but, I was told by Ameritrade they were definitely in my acct and had been received from DTC........I even told him to double check and again he said yes.

it seems to me blocking you from re-acquiring them is/was wrong too [Mad]
Yes, i recommend you put a buy in for the shares you may be short, print out your cancelled response. Hence, if you are short, you can say you tried to cover at a better price ameritrade didn't let you.
 
Posted by Raptorsrule on :
 
Well...Ameritrade is $hitting peach seeds....(OUCH!)

I just got off the phone with them. I was requesting the latest information about the SEC / NASD investigation...she said they were pushing very hard for resolution of the matter. I stated to her that it seemed to me that they had to be real short here since they placed shares in our accounts and we were allowed to trade them...She..with a nervous laugh said obviously that is why we are pushing hard for resolution.

IMHO...Ameritrade is in deep caca...they owe me shares and they owe whomever bought the ones I sold and they know it....She also stated that no one was allowed to sell their shares anymore but I tried placing an order and it posted...I of course cancelled it.

I believe we will see the authorities make an example here....GVRP, the TA and the brokerages are all at fault at this point.....we are reaching critical mass....
 
Posted by keithsan on :
 
quote:
Originally posted by DENSKIJR:
Dish,

that was me yesterday my dad was talking to me about a building were looking a purchasing and I told him lets talk tommorrow I need to get sleep so I can get my brain back in gear.LOL plus that fact I have 2 boys 3 and 1/2 and 2 years old and there are on some bad habbit this week of wanting MILK at 4:00 am [Embarrassed] [Confused] this is what I look like getting the milk man I don't even open my eyes when I look in the fridge for the milk dang that light is bright I might have to take it out LOL

Have a great day

Dennis [Big Grin]

Dennis, get a wife, they solve that milk problem [Smile]
 
Posted by pcloadletter on :
 
It will be interesting to see if GVRP hits the SHO list tonight
 
Posted by JHenry on :
 
Just wanted to test Scottrade. Bought 1 million shares at .0001 no problem.
 
Posted by yoke yanker on :
 
To all,
In a plane all day, just landed in Dubai, I certainly hope I haven't missed anything exciting. Any new millionares out there?
Cheers
 
Posted by DENSKIJR on :
 
Keith,


posted May 26, 2005 18:06
--------------------------------------------------------------------------------

quote:
--------------------------------------------------------------------------------
Originally posted by glassman:

quote:
--------------------------------------------------------------------------------
Originally posted by dishgal1:
True, but, I was told by Ameritrade they were definitely in my acct and had been received from DTC........I even told him to double check and again he said yes.
--------------------------------------------------------------------------------

it seems to me blocking you from re-acquiring them is/was wrong too
--------------------------------------------------------------------------------

Yes, i recommend you put a buy in for the shares you may be short, print out your cancelled response. Hence, if you are short, you can say you tried to cover at a better price ameritrade didn't let you.


Im going to do this tommorrow I sold 100 million of my 300 million. I know it wont trade but thats a great Idea just to cover my but incase things turn south.

ps Have a wife and a great one at that but she is 5 months pregnant with the 3rd boy. Thats it for me man the girl is not coming and I think I've done my part on securing the Name.Ha thanks for the great Idea.

[Wink]
 
Posted by keithsan on :
 
******congrats Dennis, we have a 22 month running around a couple of older ones and one in the belly coming out in sept.
 
Posted by DENSKIJR on :
 
Thanks
Same to you ours is due in Oct. I look for Tax right offs anyway I can get'em."Come on Bush Baby lets keep that $1,000.00 tax credit comin" LOL Now the situation is picking the right Mini Van. Who in there right mind would have thought I would own a Mini Van. Life if to funny. Anyways hope you have a healthy baby and healthy Mom and easy delivery for her. Man we had a couple tough ones I used to pray just for healthy baby and healthy Mom now I have added easy delivery whew Thank God Im a Man.......
 
Posted by dishgal1 on :
 
Congrats to all you on your babies....I have 6 grandchildren....5 of which belong to my daughter. She did not know when to stop. LOL
 
Posted by keithsan on :
 
quote:
Originally posted by DENSKIJR:
Thanks
Same to you ours is due in Oct. I look for Tax right offs anyway I can get'em."Come on Bush Baby lets keep that $1,000.00 tax credit comin" LOL Now the situation is picking the right Mini Van. Who in there right mind would have thought I would own a Mini Van. Life if to funny. Anyways hope you have a healthy baby and healthy Mom and easy delivery for her. Man we had a couple tough ones I used to pray just for healthy baby and healthy Mom now I have added easy delivery whew Thank God Im a Man.......

Thank you and my wishes are with you as well.
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Congrats to all you on your babies....I have 6 grandchildren....5 of which belong to my daughter. She did not know when to stop. LOL

she learned from her mom ehhh.....thank you!
 
Posted by cruz on :
 
congrats keith and denis. i have two daughters - 8 and 4. we decided this morning two is enough. with that, we agreed i would get the snip. scheduling it in the coming weeks.

quote:
Originally posted by keithsan:
******congrats Dennis, we have a 22 month running around a couple of older ones and one in the belly coming out in sept.


 
Posted by Trader88 on :
 
None here. I'm still a kid myself....can't you tell?
 
Posted by dishgal1 on :
 
"she learned from her mom ehhh.....thank you!"

No way Keith, I only have 2......one of them is Raptor and he only has one. Neither of us have the temperament nor patience for 5 .....LOL
 
Posted by BuyTex on :
 
Took my "baby" to breakfast this morning...to celebrate his last day of high school; graduates with honors on Sat night...
 
Posted by Raptorsrule on :
 
I have one 14 yr old....and right now...I'm glad there's only one! [Wink]

Congrats to you all....Our families will all benefit from our efforts hopefully soon...

After much discussion with folks smarter than I (in the market...let's see you build an F-22..LOL) I have come to the following conclusion...

We don't want them to deliver the shares....we want them to cover or buy back the "non-existant shares in or soon to be in our acounts.....the last thing we want is a reversal....

we need the CABAB...churn and burn and buyback....

Good luck brothers and sisters in arms.....like I said...I think we ae reaching critcal mass....
 
Posted by <RebelYell> on :
 
Since we are getting a little off topic, i would like to ask opinions on NAUC. It looks like $2 might have the bottom??
 
Posted by jps72 on :
 
evening all- I'm very new here and know next to nothing about stocks except what I am learning in this crash course w/GVRP.....
Are these #'s kind of inflated? or just guesses on the amount of shares outstanding?
Don't these numbers assume that the stockholder who got his/her split early sold all 3mm?
 
Posted by H2NRG on :
 
Waiting for an corporate amendment to be posted here:
http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=
quote:
Florida Profit

MEDIA MAGIC, INC.

PRINCIPAL ADDRESS
250 CASSIDY LANE
RINGGOLD GA 30736
Changed 11/17/2003

MAILING ADDRESS
250 CASSIDY LANE
RINGGOLD GA 30736
Changed 11/17/2003

Document Number
P01000001011 FEI Number
651082133 Date Filed
01/03/2001
State
FL Status
ACTIVE Effective Date
NONE
Last Event
AMENDMENT Event Date Filed
05/25/2005 Event Effective Date
NONE


 
Posted by Trader88 on :
 
I'll gladly take a settlement of .0005 for every single share and go away and forget about the whole thing. I'll even be willing to be gagged by GLUV, hehe
 
Posted by Raptorsrule on :
 
A thought....folks...we have a wonderful opportunity here.....but we need to play it right....you have all heard of bid wacking.this we must not do...if we hold...we are in complete control....the longer we hold the bigger the squeeze on our company, our brokerages, and the T/A....in short...we have'm by the ba77s...be greedy...we may never get a chance like this again.

I seriously doubt this can be reversed...it is now up to us to hold for the gold.....005 isn't out of the question....do the math.....
 
Posted by Trader88 on :
 
Raptorsrule: You mean .0005 right? .005 is half a cent.
 
Posted by Trader88 on :
 
I have done the math, and I'd be willing to settle for $250K for the rest of my 500,000,000 shares.
 
Posted by George on :
 
quote:
Originally posted by Trader88:
Raptorsrule: You mean .0005 right? .005 is half a cent.

No I think he means .005...me too
 
Posted by Raptorsrule on :
 
Yes sorry....0005...although I wouldn't be surprised if it goes higher....say .005...LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
Waiting for an corporate amendment to be posted here:
http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=
quote:
Florida Profit

MEDIA MAGIC, INC.

PRINCIPAL ADDRESS
250 CASSIDY LANE
RINGGOLD GA 30736
Changed 11/17/2003

MAILING ADDRESS
250 CASSIDY LANE
RINGGOLD GA 30736
Changed 11/17/2003

Document Number
P01000001011 FEI Number
651082133 Date Filed
01/03/2001
State
FL Status
ACTIVE Effective Date
NONE
Last Event
AMENDMENT Event Date Filed
05/25/2005 Event Effective Date
NONE


yeah, I'm following this, too--could be good...
 
Posted by Trader88 on :
 
H2 is a good sleuth, I've seen him on other boards and he never misses a trick. Don't let them get away with this H2!
 
Posted by BuyTex on :
 
what we *don't* want is for this May 25 amendment to be a "legal" auth of diluting shares...if we don't fina out tonight, somebody needs to quick manana
 
Posted by BuyTex on :
 
btw, this is unfolding on i-hub...
 
Posted by H2NRG on :
 
quote:
Originally posted by Trader88:
H2 is a good sleuth, I've seen him on other boards and he never misses a trick. Don't let them get away with this H2!

Well, I wouldn't say I'm that good a sleuth, but thanks for the compliment. Just reporting here on stuff I've gleaned from IHUB--for GVRP, those TGL guys are more the sleuths. I've done my share of sleuthing for other stocks, and yeah, it's kinda fun what you can do with Google and a good arsenal of key words. LOL.
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
what we *don't* want is for this May 25 amendment to be a "legal" auth of diluting shares...if we don't fina out tonight, somebody needs to quick manana

That would be OK for those who sold Monday though. Thats why I was going to sell some more today, cuz if they dilute, my sells will stand and at least get something out of this although smaller then I would like. Didn't sell any today, I was about to and then saw the DJ article saying how the SEC had not complied with the company's request to halt trading. I got a bit encouraged by that. But I need to sell a couple hundred million tomorrow before the weekend just to hedge against possible dilution.
 
Posted by H2NRG on :
 
Well, if the SEC thinks that the O/S is 99 trillion shares, then maybe something along those lines are hidden in that amendment? Interesting that the amendment is dated yesterday.

Purl Gurl's discussion with this SEC attorney seems to go along with the Dow Jones article regarding the SEC's 99 trillion share O/S...

http://www.investorshub.com/boards/read_msg.asp?message_id=6487870
quote:
Posted by: Purl Gurl
In reply to: None
Date:5/26/2005 5:35:48 PM
Post #of 715

Joe Kamnik, SEC Attorney

Some reassuring and factual news from Joe Kamnik,
an attorney with the SEC. Keep in mind, as an attorney,
he must carefully choose his words. That is a given and
expected. He cannot be critiqued for being careful.

Joe is nice, willing to speak at length, and made every
effort to divulge what he could, without creating more
problems associated with GLUV corporation.

Keeping this brief, we discussed Mrs. McWilliams' statement,
"Yes, that is illegal," was not appropriate nor does her
statement represent the SEC viewpoint. No surprise there
and we did enjoy a bit of laughter, being on the same page.

Asked if there is any hint of when problems will be resolved,
Joe responded it is possible within forty-eight to perhaps
seventy-two hours, resolution might be effected.

I tried to evince a response from Joe market makers being
allowed to trade while not allowing customers to trade,
is illegal. Foolish of me to attempt to prompt a lawyer
into agreement. He stated he does not have enough data
to determine the legality of the situation.

However, after continued pleasant dialog, he did laugh
and concede market makers trading for profit and customers
not allowed to do the same, is unethical, at least.

Joe added reassurance these problems with GLUV are very
well known, are of great importance and are on the SEC
"front burner" for attention.

He quickly agreed with my estimation of trillions of
shares outstanding. We concur, maybe 99-trillion.

He was kind enough to allow a little more out by stating
they do not want to make the problem worse and are taking
great care to "put the pieces back in the right places"
without causing harm to individual investors.

After thought and review of my shorthand notes, it is
clear, at least Joe Kamnik, does have "our" interests
in mind and at heart.

Eliciting information is based upon conversational skills
and approach. With the right approach, some humility,
a bit of humor and expressed appreciation, others will
afford more than you might expect.

However, you have to attain their attention first.

"Put the pieces back in the right places."

His statement tells me everything I need to know and
tells me exactly will happen in the near future.

I have never been one to rely on conjecture, gossip, rumor
nor hyperbole. I have always been one to rely on first hand
information, good research, testing of facts and truth.

Those who ridicule my efforts, please continue. You are
well establishing who can be trusted to bring forth a
bit of moderate truth through personal effort.

Many readers are quickly sorting out professionals from
amateurs, much to my delight.

Purl Gurl


 
Posted by Trader88 on :
 
Never in a million years would I think I would be saying that: "sell a couple hundred million" shares, LOL!
 
Posted by H2NRG on :
 
If the SEC thinks that there is an O/S of 99 trillion shares, then at $0.0001, the GVRP market cap is $9.9 billion? Did I calculate that correctly?
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
btw, this is unfolding on i-hub...

nothing is unfolding. they are talking about the document that was filed a while back florida corporationg office.

One was filed today but no one knows what it is today. You should be checking that state site daily for filings, if not, your not doing you DD and your hoping someone finds it first. [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by H2NRG:
If the SEC thinks that there is an O/S of 99 trillion shares, then at $0.0001, the GVRP market cap is $9.9 billion? Did I calculate that correctly?

the OS is 33 million, the company or someone recently stated someone with one share, 3 million began selling.

Its not 99 trillion, it could've been if most or all of the 33 million was sold. OS would still be 33 million but there would be trillions of illegal short shares out there.

we don't know the current amount of illegal short shares.
 
Posted by H2NRG on :
 
I know the O/S should be 33 million, but two sources state that the SEC thinks it may be 33 million times 3 million, or 99 trillion shares. Illogical, but that appears what the SEC thinking might be. I hope not, because that would be insane. The stock couldn't trade, because the share price would have to be fractions of the current fractional price. Now, whether Purl Gurl can be considered a valid source, that's an unknown. However, her summary does go along with what the DJ article writer stated in the beginning of her piece. Interesting to see how they resolve this.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
btw, this is unfolding on i-hub...

nothing is unfolding. they are talking about the document that was filed a while back florida corporationg office.

One was filed today but no one knows what it is today. You should be checking that state site daily for filings, if not, your not doing you DD and your hoping someone finds it first. [Smile]

left words out: was reading along as it unfolded in the thread. Part of my amateur DD is learning how to navigate that Fla state site; it's not well designed.

Do you know how long they take to scan new items or whether they will fax? I've never dealt with Fla before... and, yeah, I'll take it wherever I can I can find it--help, I mean
 
Posted by Triumph1902 on :
 
quote:
Originally posted by H2NRG:
If the SEC thinks that there is an O/S of 99 trillion shares, then at $0.0001, the GVRP market cap is $9.9 billion? Did I calculate that correctly?

That’s if indeed the person sold all of her 30 million shares. I doubt that’s the case. It could be that she sold as many as just 1 million which would give us 3 trillion o/s. What im saying is they may be able to amend that one persons shares to what they should be, but I don’t see how they can undo the shares that she sold to us. Or than again that could be all made up and indeed there were never 30mil early shares, just the company naked shorting shares for profit not knowing the divy would be attached. Ok, are you confused yet..cuz I am lol
 
Posted by BuyTex on :
 
here's from my working notes, yet another i-hub post: I can find the complete refs, url etc...

"true but let's deal with reality...or the reality as we know it. The problem is one seller (allegedly) who is out approx 250,000 shares or whatever who has a problem. That is the issue. Not the company. So mentioning 99 TRILLION shares is nothing more than a scare tactic thrown out there by the cos lawyer in an attempt to have all the sales from last week busted IMHO. They want everything reversed back to the r\s. That is what they want, IMHO, instead of making the one person or the trasnfer agent or whoever pay up."
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6488619
quote:
Posted by: Mack
In reply to: Art2Gecko who wrote msg# 55258
Date:5/26/2005 6:50:44 PM
Post #of 55411

I am not near a phone during the day, but the Sunbiz site has the following phone number, maybe they would fax the filing

Corporate Amendments/Dissolutions/Withdrawals (850) 245-6050


 
Posted by BuyTex on :
 
of the 33mm in play last week, only so many got bought at market...so wouldn't the "unbought" *shed* their right to split as they crossed over?
 
Posted by keithsan on :
 
quote:
Originally posted by H2NRG:
I know the O/S should be 33 million, but two sources state that the SEC thinks it may be 33 million times 3 million, or 99 trillion shares. Illogical, but that appears what the SEC thinking might be. I hope not, because that would be insane. The stock couldn't trade, because the share price would have to be fractions of the current fractional price. Now, whether Purl Gurl can be considered a valid source, that's an unknown. However, her summary does go along with what the DJ article writer stated in the beginning of her piece. Interesting to see how they resolve this.

They know what the OS is, its a written document. (are there more shares out there, yes)
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
here's from my working notes, yet another i-hub post: I can find the complete refs, url etc...

"true but let's deal with reality...or the reality as we know it. The problem is one seller (allegedly) who is out approx 250,000 shares or whatever who has a problem. That is the issue. Not the company. So mentioning 99 TRILLION shares is nothing more than a scare tactic thrown out there by the cos lawyer in an attempt to have all the sales from last week busted IMHO. They want everything reversed back to the r\s. That is what they want, IMHO, instead of making the one person or the trasnfer agent or whoever pay up."

Yeah, they have stated that that is what they want, for everything to be "unwinded". What gets me about that is that many people have $$ in other stocks from this and those stocks have gone up or down, and this stock has been trading for 4 days now post f/s, billions of shares, all over the world. IMO there is NO WAY the company is going to get that request either.

First request by company to halt trading: Denied
Second request, have everything "undone": Denied
 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
here's from my working notes, yet another i-hub post: I can find the complete refs, url etc...

"true but let's deal with reality...or the reality as we know it. The problem is one seller (allegedly) who is out approx 250,000 shares or whatever who has a problem. That is the issue. Not the company. So mentioning 99 TRILLION shares is nothing more than a scare tactic thrown out there by the cos lawyer in an attempt to have all the sales from last week busted IMHO. They want everything reversed back to the r\s. That is what they want, IMHO, instead of making the one person or the trasnfer agent or whoever pay up."

But the lawyer stated 11 x 3 million = 33 million... it's NASD/SEC that thinks 99 trillion...
quote:
Dreyer said that he has seen the dividend information sent by the company to
NASDAQ and that it correctly reflected Gluv's plan to complete a 3
million-for-one forward split on 11 shares outstanding.

NASDAQ disagrees. "We don't believe that we imputed the information
incorrectly," said Jenifer Coragelo with NASDAQ's Market Operation Dividend
Department. "We did process what we had correctly," Coragelo said.


 
Posted by George on :
 
how could someone have 33mm when there was only 11 pre-F/S with One to each member. then when they gave them the 3mm-1 split in their accounts early they would only have 3mm shares. Unless this person had all 11 shares.. That would be 33mm.

I think everyone means the 33mm post split shares were all deposited last week to whoever had the 11 shares. 3mm a piece. I am sure one person did not have them all.
 
Posted by BuyTex on :
 
let's say there's 100 shares for sale with divvies attached. 50 get bought, holder gets split shares. Do the unbought 50, split or lose the divvy at ex-date?
 
Posted by H2NRG on :
 
And the A/S is 100 million, or at least it was last as of 5/17.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
of the 33mm in play last week, only so many got bought at market...so wouldn't the "unbought" *shed* their right to split as they crossed over?

I don't know how quick the florida site is, never used it like this.


a lot of the volume last week were day trades, flippers, people selling for free shares, we don't know what was held for the split. In other words we don't know how many shares were put in market prematurely, prepare to listen to the same old hype and bash until its resolved. Currently we know nothing more than we did last week, and some reporter put the discussion on print with a few mistakes. thats it. i assume it will be like this again tommorow.
 
Posted by Trader88 on :
 
I'm lost on the numbers. Bottom line is that the person or persons who sold their shares last week HAS to make up for them. There is no other way around it. They can't just print more shares and make this go away. That compromises the integrity of the market. If they issue more shares, where do they come from thin air? It's like saying that I can sit here and print money all day just because I happen to be short on cash. It won't work, the O/S is not the issue. The issue is the shares that were sold. New shares doesn't solve anything they are from nowhere and would mean nothing.
 
Posted by H2NRG on :
 
I don't understand how NASD/SEC could somehow think that the O/S should be the intended post-FS OS multiplied by the FS multiplier once again. That's ridiculous. I didn't understand how they could reach that conclusion when I read Remond's article:

quote:
It's little difficult to figure out why or exactly how it happened. But market
participants were led to believe by information displayed on a computer system
that Gluv would pay out a dividend of three million shares on each of 33 million
shares outstanding as of Monday. Not quite sure why this didn't raise a few
eyebrows because it would mean the company would now have a whopping 99 trillion
shares outstanding after the dividend payment.


 
Posted by Triumph1902 on :
 
Shares both make belief and real...I think there are allot less than people think. Volume was not all that last week and allot of that could have been flips.
 
Posted by Trader88 on :
 
Is GLUV in the entertainment industry? Because I am entertained. This may well be the biggest debacle to hit the market in a decade, and funny on a pink sheet stock, LOL
 
Posted by George on :
 
quote:
Originally posted by Triumph1902:
Shares both make belief and real...I think there are allot less than people think. Volume was not all that last week and allot of that could have been flips.

I agree..thats why I do not know why everyone is saying 33 million last week. There were less than 500k trade each day. take out the flips and day trades and who know what went through to monday.....
 
Posted by H2NRG on :
 
Early discussions on the IHUB TGL board stated that the current "owners" of Gluv/Media Magic really were not owners anymore, since many of us own multiples of the O/S now. That's how the GLUV Corp. B.O.D. board was born. So, how do the current "owners" have any authority to change the O/S or A/S, without our approval? At least that's how the thinking went.
 
Posted by George on :
 
quote:
Originally posted by H2NRG:
Early discussions on the IHUB TGL board stated that the current "owners" of Gluv/Media Magic really were not owners anymore, since many of us own multiples of the O/S now. That's how the GLUV Corp. B.O.D. board was born. So, how do the current "owners" have any authority to change the O/S or A/S, without our approval? At least that's how the thinking went.

I think they are procedding like the shareholders are not real, because of the problem, I own a bunch and no one called me to a board meeting yet.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Is GLUV in the entertainment industry? Because I am entertained. This may well be the biggest debacle to hit the market in a decade, and funny on a pink sheet stock, LOL

Paul is dead...


seriously, I *would* like "re-grasp" the numbers. Thought I had em fairly well rounded off, but it's been long day, I'm confused, so I'm gonna go play for awhile...will monitor from time to time...
 
Posted by Trader88 on :
 
What the SEC will probably do is what any investigator would do: try and retrace everything back to the original thing that happened to cause this. And that was the person or persons who sold into news while joe blow investor was thinking "oh, thats good news, I think I'll buy that stock". I don't think the SEC is going to like that.
 
Posted by DENSKIJR on :
 
I just calculated it and there were 750,300 shares that traded last week. Now we dont know if they were bought and sold and bought again by the same people I know no one around here would do that.Ha but seriously since 750,300 shares traded the maximum short shares that are out right now from last week is 2,250,900,000,000 shares not including the last 4 days which is somewhere around 4.9 billion shares I was just looking at Ameritrade and they have on there website that gluv did not trade today Ha tell that to the 1.3 billion shares that trades hands. any ways of the 4.9 I sold 100 million so take that out of the equation who knows how many of the 4.9 are added I still think and this is just my opionion that were only talking about 2.25 trilion share to deal with. I just reread this ya "only" 2.25 trillion.

Just my take
 
Posted by H2NRG on :
 
quote:
Originally posted by DENSKIJR:
I just calculated it and there were 750,300 shares that traded last week. Now we dont know if they were bought and sold and bought again by the same people I know no one around here would do that.Ha but seriously since 750,300 shares traded the maximum short shares that are out right now from last week is 2,250,900,000,000 shares not including the last 4 days which is somewhere around 4.9 billion shares I was just looking at Ameritrade and they have on there website that gluv did not trade today Ha tell that to the 1.3 billion shares that trades hands. any ways of the 4.9 I sold 100 million so take that out of the equation who knows how many of the 4.9 are added I still think and this is just my opionion that were only talking about 2.25 trilion share to deal with. I just reread this ya "only" 2.25 trillion.

Just my take

That's only $225 million, at $0.0001/share. Ouch!
 
Posted by glassman on :
 
you guys are rehashing stuff too much...


375K is a fair guesstimate of shares that were allowed to "escape" see posts from last saturday...

multply that by 3 million and you get the naked shorts....

HOWEVER,

the shares that were sold in to the market were naked short too.....
cuz they weren't REAL until the ex-date......
the FWD split to make up the trillion or so shares is WRONG because there were only 11 to fwd split....

so the OS is only 33 million, and all the rest are naked short..it's not that complicated.....
they have to buy back the shares...
 
Posted by Trader88 on :
 
My original estimate is that it would cost them 100 to 200 million dollars to cover. Where is that money going to come from, if we are being realistic? They could make some sort of deal to buy them all back at a certain price, but thats doubtful because once again that compromises the integrity of the market. I just don't understand where this money is going to come from. They are not going to pay 200 mil to bail out this shell, I can tell you that right now.
 
Posted by glassman on :
 
the MM's can do it.... they could do it and make money if they are allowed to....
 
Posted by DENSKIJR on :
 
Glass,

I think your right I'm spending way to much time on this and it's just theory. I shall contain myself next time. I've got to get some work done LOL
 
Posted by vg on :
 
Trader its easy for the MM's to churn will take some time but they could do it as soon as this goes free I bet some guys will put in market orders to sell this MM's sell it for 0.0001, they can cover 50 times that amount that they just received so do it a couple of times, move the price around up and down and its easy they dont need 200 mil could be cheaper
 
Posted by glassman on :
 
this is the mother of all short squeezes....
the question is, how are they gonna FIX it?
 
Posted by Trader88 on :
 
quote:
Originally posted by vg:
Trader its easy for the MM's to churn will take some time but they could do it as soon as this goes free I bet some guys will put in market orders to sell this MM's sell it for 0.0001, they can cover 50 times that amount that they just received so do it a couple of times, move the price around up and down and its easy they dont need 200 mil could be cheaper

Well then, why be in this stock if there will be no squeeze? In your scenario, they would get our shares for next to nothing. Not saying you're wrong, just doesn't make much sense. A short squeeze is just that: drives the pps up because there is forced buying and the sellers have control.
 
Posted by glassman on :
 
there will be forced buying tho, by law...
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
,,, Where is that money going to come from, if we are being realistic? They could make some sort of deal ,,,,

dipping in, glass correct me if I'm wrong, but THAT was the focus of early DD here driven by glass and keith, determining that among the MMs involved, the TA's insurance, etc that the funds just might be there. Otherwise it's a flying leap at the moon...
 
Posted by glassman on :
 
NASD and the DTCC say there are NO naked shorts...

i can pullup quotes from their website that say that.....heck i already did, they are posted in this thread..

so, if they say there are no naked shorts? then they are gonna have to do something to fix this aren't they?

that's why i jumped in this.... i've been watching naked shorting all over the place...for a long time...
it's time we got the benefit from the screw for once...
 
Posted by Trader88 on :
 
If massive short covering is going to occur, the money has to come from somewhere. That is the big problem that we face. Insurance? Maybe, but I don't think the policy limits would be high enough to buy shares at .0003 and up. You would be multiplying everyones guesses, I mean sure they could buy them all back at .0001 for 60 million, but thats not going to happen. In a short squeeze, the pps could easily go to ten times that amount. Even if, say they go all the way to .001, take the median of that. On average, they would need to pay .0005 for the shares. That's 300 million dollars. No way.
 
Posted by keithsan on :
 
quote:
Originally posted by H2NRG:
I don't understand how NASD/SEC could somehow think that the O/S should be the intended post-FS OS multiplied by the FS multiplier once again. That's ridiculous. I didn't understand how they could reach that conclusion when I read Remond's article:

quote:
It's little difficult to figure out why or exactly how it happened. But market
participants were led to believe by information displayed on a computer system
that Gluv would pay out a dividend of three million shares on each of 33 million
shares outstanding as of Monday. Not quite sure why this didn't raise a few
eyebrows because it would mean the company would now have a whopping 99 trillion
shares outstanding after the dividend payment.


i've tried a couple of times, COULD YOU GIVE ME AN SEC QUOTE THAT STATES THESE TRILLIONS!
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
My original estimate is that it would cost them 100 to 200 million dollars to cover. Where is that money going to come from, if we are being realistic? They could make some sort of deal to buy them all back at a certain price, but thats doubtful because once again that compromises the integrity of the market. I just don't understand where this money is going to come from. They are not going to pay 200 mil to bail out this shell, I can tell you that right now.

MM's, TA, and their insurance company, Not from the company.
 
Posted by glassman on :
 
TA is on the hook, and so is Ameritrade....

those shares we were buying at 4$ before the 20th were really worth 4000$ minimum.....

that's where the money is...
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
If massive short covering is going to occur, the money has to come from somewhere. That is the big problem that we face. Insurance? Maybe, but I don't think the policy limits would be high enough to buy shares at .0003 and up. You would be multiplying everyones guesses, I mean sure they could buy them all back at .0001 for 60 million, but thats not going to happen. In a short squeeze, the pps could easily go to ten times that amount. Even if, say they go all the way to .001, take the median of that. On average, they would need to pay .0005 for the shares. That's 300 million dollars. No way.

You have no idea what the insurance policy is, they handle trillions of dollars worth of shares daily.

If they do start a buy back, Once its noticed, every trader on the planet will be buyin in.
 
Posted by glassman on :
 
this TA has listed that it handles about 1100 clients....you think they don't have insurance?
 
Posted by glassman on :
 
Let me introduce you to Interwest Transfer Company, Inc. a professional registrar & transfer agency dedicated to the highest standards in the industry.

We made our first transfer in 1961 - fourty four years of prompt and efficient service to our companies and the brokerage community. We are a fully bonded agency, registered with the Securities and Exchange Commission. Interwest is also a member of the Stock Transfer Association (STA).



http://www.interwesttc.com/
 
Posted by Trader88 on :
 
I know, but that is STILL a LOT of $$$$$$$. I know I mis spoke, I didn't really mean save the shell, that has absolutely nothing to do with it. The issue is the cover, the company could be acutally worth 50 cents, thats irrelevant. I just don't even see an insurance policy covering that. I agree, though, that all the parties involved should share in shouldering the burden for covering. I wish they would, just the more I think about it, the more I think it's just too much money we're dealing with here.
 
Posted by glassman on :
 
You deserve the best - we provide it!

At the present time, Interwest Transfer Company, Inc. maintains the stock records for over 1,500 companies. We disburse dividends, handle stock splits, issue and convert warrants and debentures and provide all of the services needed by any company to insure the proper handling of corporate stock records. Interwest also provides rapid turnaround processing through the DTC (Fast) Fast Automated Securities Transfer System, for participating issuers.


they are fast alright ...too fast?
 
Posted by Trader88 on :
 
I suppose if ALL of the parties responsible were forced to buy shares, it could be done, depends on the limits of the policies. but its a lot of bread either way.
 
Posted by keithsan on :
 
Big screw ups cost big bucks.
 
Posted by glassman on :
 
they been raking it in for awhile.....

how does the rest of the smugglers blues go?

i'm sorry it went down like this, but someone had to lose? it's the nature of the business, it's the ...

not our fault, they were warned by several people...

we expected a halt, and buyback...
 
Posted by <RebelYell> on :
 
quote:
You have no idea what the insurance policy is, they handle trillions of dollars worth of shares daily.

If they do start a buy back, Once its noticed, every trader on the planet will be buyin in.

Yep. [Big Grin]
 
Posted by H2NRG on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by H2NRG:
I don't understand how NASD/SEC could somehow think that the O/S should be the intended post-FS OS multiplied by the FS multiplier once again. That's ridiculous. I didn't understand how they could reach that conclusion when I read Remond's article:

quote:
It's little difficult to figure out why or exactly how it happened. But market
participants were led to believe by information displayed on a computer system
that Gluv would pay out a dividend of three million shares on each of 33 million
shares outstanding as of Monday. Not quite sure why this didn't raise a few
eyebrows because it would mean the company would now have a whopping 99 trillion
shares outstanding after the dividend payment.


i've tried a couple of times, COULD YOU GIVE ME AN SEC QUOTE THAT STATES THESE TRILLIONS!
See Purl Gurl's post at the end of page 83 of this thread:
quote:
He quickly agreed with my estimation of trillions of
shares outstanding. We concur, maybe 99-trillion.

Then read the Remond article, and this, which is not a direct quote stating 99 trillion, but combined with Remond's opening of the article noting that amount with the following comments by Jenifer Coragelo of NASDAQ, leads one to believe they are thinking 99 trillion:
quote:
Dreyer said that he has seen the dividend information sent by the company to NASDAQ and that it correctly reflected Gluv's plan to complete a 3 million-for-one forward split on 11 shares outstanding.

NASDAQ disagrees. "We don't believe that we imputed the information incorrectly," said Jenifer Coragelo with NASDAQ's Market Operation Dividend Department. "We did process what we had correctly," Coragelo said.


 
Posted by glassman on :
 
H2 what part don't you understand? exactly...

they issued NAKED SHORTS..there were only 11 shares to fwd split..
not 33 million..

do the math...

we actually explained this well before page 83....

we caught them "smuggling" shares into the market and we proved it...

case closed buy my shares back, period...
 
Posted by keithsan on :
 
H2, your mixing hearsay and a weird quote and neither combine to equal whatever your point is.
 
Posted by glassman on :
 
go back and read this thread from the beginning..we figured this out a long time ago... and we told people ONLY buy a few.....for a very good reason....we didn't want to break the bank...just hurt 'em enough to make the point that they need to stop dumping shares on us...
 
Posted by keithsan on :
 
glass your full
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
go back and read this thread from the beginning..we figured this out a long time ago... and we told people ONLY buy a few.....for a very good reason....we didn't want to break the bank...just hurt 'em enough to make the point that they need to stop dumping shares on us...

wasnt my reason, mine was to make fat crazy bank. but not be to risky, it is a lotto play. Lots of crap needs to go right and you make a killing.
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
glass your full

keith i coulda bought a LOT more shares than i did......

read back thru there, i said, i used to break my toys when was younger...

the worst thing that could happen (in my mind) was the trades wouldn't settle, but they did..... [Big Grin]
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by keithsan:
glass your full

keith i coulda bought a LOT more shares than i did......

read back thru there, i said, i used to break my toys when was younger...

the worst thing that could happen (in my mind) was the trades wouldn't settle, but they did..... [Big Grin]

WTF are you talking about YOU IS FULL to many friends.
 
Posted by glassman on :
 
glassman
Member


Member Rated:
4 Icon 1 posted May 18, 2005 13:23 Profile for glassman Send New Private Message Edit/Delete Post Reply With Quote i expected this to happen right at the open...
if it is naked shorted shares? i hope i got mine from the MM with the big $$$$

OK, you think i'm saying that i don't want to make money? i'm sorry, i doooooo oyeahhhhhh... idoooo..

but i do avoid SHO stocks as a rule....
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by keithsan:
glass your full

keith i coulda bought a LOT more shares than i did......

read back thru there, i said, i used to break my toys when was younger...

the worst thing that could happen (in my mind) was the trades wouldn't settle, but they did..... [Big Grin]

true--gulp, again, he was admonishing m when I was throwing chit over somethin--
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
they are gonna have to submit one of thos pr's saying they screwed up, I'll dig out the quote of how many actual shares they have but.....

to funny. I'm interested in how they try and weasel out of this.

bump
 
Posted by glassman on :
 
keith admit it, you REALLYdid this because it was moral and ethical... [Big Grin]
it's OK to admit it...LOL

yeah TEX, i remember the (gulp). you done the right thing TEX... [Big Grin] really...
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
i'm not in, forward split 3,000,000 for 1 in case anyone is interested.
this is a moral and ethical play!

bump, first post of the thread
 
Posted by glassman on :
 
i'm terrible at housekeeping..
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by keithsan:
i'm not in, forward split 3,000,000 for 1 in case anyone is interested.
this is a moral and ethical play!

bump, first post of the thread
that is funny [Big Grin]

don't mess this thread up tho, we may need it...
 
Posted by BuyTex on :
 
funny repost, to me:
Posted by: rcaselli
In reply to: None Date:5/26/2005 10:45:50 PM
Post #of 55604

GVRP - called company today and somebody other than the usual secretary answered the phone. "Kevin" said that there would be a PR either tomorrow or Tuesday with an update. When asked "good, bad or indifferent, Kevin," he responded "the PR will be out either tomorrow or Tuesday."
 
Posted by glassman on :
 
that PR should be interesting...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
that PR should be interesting...

I was hoping to stop repeating myself!
 
Posted by BuyTex on :
 
do you agree we want to know what that may 25 amendment says?
 
Posted by glassman on :
 
that should get the message out [Big Grin]
how many beers you had? LOL
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
do you agree we want to know what that may 25 amendment says?

prbally the same thing the PR will say....
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
do you agree we want to know what that may 25 amendment says?

I want to know everything.

Tex, here is the question, what could it tell you that matters in a way that you can help yourself?
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
do you agree we want to know what that may 25 amendment says?

i don't really care...

they sold us shares that don't exist, they can't go back and change that....
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
that should get the message out [Big Grin]
how many beers you had? LOL

since the start of the thread or lately? lol
man, peeps reporting no sleep...
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
do you agree we want to know what that may 25 amendment says?

I want to know everything.

Tex, here is the question, what could it tell you that matters in a way that you can help yourself?

realistically, I could bring it to the board for hive-mind opinions. Potentially, as I gain knowledge, might be able to read some insight myself...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
that should get the message out [Big Grin]
how many beers you had? LOL

the usuall.

I haven't posted a new stock in a week, i'm consumed, slowly getting bored though the knowledge has levelled and now I feel like i'm strapped into a packed shortbus on the way to the zoo with all the other windowlickers.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
do you agree we want to know what that may 25 amendment says?

I want to know everything.

Tex, here is the question, what could it tell you that matters in a way that you can help yourself?

realistically, I could bring it to the board for hive-mind opinions. Potentially, as I gain knowledge, might be able to read some insight myself...
LOL the company will not give you insight! If they said they made a gazillion bucks, you still don't have your shares, or, you have them and can't sell them.....FUN [Big Grin]
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by glassman:
that should get the message out [Big Grin]
how many beers you had? LOL

the usuall.

I haven't posted a new stock in a week, i'm consumed, slowly getting bored though the knowledge has levelled and now I feel like i'm strapped into a packed shortbus on the way to the zoo with all the other windowlickers.

OK, here's one eg: ST told me earlier I could trade my pre-split numbers and if the split goes through, they'll honor em. didn't want do that w divvies attached, but maybe I want to now. A partial sell that sails through like the oposite of a fat finger, 10 shares but really that's x 33mm... like you, just want all info I can get...
 
Posted by greatimes on :
 
HAHAHAHA !!! Wow that pretty much says it all.
 
Posted by keithsan on :
 
your at if the split goes thru, so, no matter what the pr says it is still your choice to chance it and sell or hold.

its not ST's pr.
 
Posted by BuyTex on :
 
quote:
Originally posted by greatimes:
HAHAHAHA !!! Wow that pretty much says it all.

who are you...don't remember you bringing DD, insight, moral support, etc, forgive if wrong, but seems like you just showed up
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
your at if the split goes thru, so, no matter what the pr says it is still your choice to chance it and sell or hold.

its not ST's pr.

yes, always been my choice. my question was, in experienced hands opinions's, might the amendment of 5-25 be a crux or mor BS?
 
Posted by glassman on :
 
IMO??? dont trade the Presplit shares....
cuz they are actually settled, AND, they were NSed tooo..that's the whole point here....
those shares were really worth about 4grand or more...they sold 'em to us for 4$ and less... LOL

(maybe the records really are all you need now)

BUT,
anything sold and traded now? won't settle automatically (according to that article that had abunch of other mistakes in it tooo.)
welcome to the monkey house...
 
Posted by BuyTex on :
 
glass, thanks--focus at this point is the amendment dated 5-25: more BS or potntially imporatant? might not dilution work against us?
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
glass, thanks--focus at this point is the amendment dated 5-25: more BS or potntially imporatant? might not dilution work against us?

tex relax, the document is what it is
 
Posted by glassman on :
 
if they are diluting? they forgot ask the shareholders...

if they have a share strucuture that allows that? they may be diluting,

BUT you are forgetting that your "claim" isn't just based on the number of shares......

the OS is 33 million PERIOD

that can't be changed post-facto..the dilution would still have been done before that....
 
Posted by greatimes on :
 
Sorry Buytex.. I was laughing about what Keithsan said. I should have quoted him.

I haven't posted a new stock in a week, i'm consumed, slowly getting bored though the knowledge has levelled and now I feel like i'm strapped into a packed shortbus on the way to the zoo with all the other windowlickers.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
glass, thanks--focus at this point is the amendment dated 5-25: more BS or potntially imporatant? might not dilution work against us?

tex relax, the document is what it is
i *am* relaxed, i wish when I ask these questions, it's reconized I'm woeking from ignorance not agitation. You, keithsan, mentioned checking that page daily: I don't know what kind of bomb might lay there...lol, I'll do bombs, but I'd like an idea of what kind I'm dealing with--make sense or no? later on, guv'ner, you guys are great and I'll catch up in the am...
 
Posted by glassman on :
 
tex, i am not a lwayer, maybe they can amend the articles to COVER UP their mistake, maybe they can't...
it seems they already admitted it in that PR....
 
Posted by DirtyDealer1123 on :
 
In the event I repeat someone...Sorry. But Talked w/Etrade again, and after taking Trader88's attiude, I decided I just wanted my damn shares and tried for a demand for settlement. I was told until the shares are settled in my Etarde account, nothing will be done anyways.
And as for being told yesterday, that I would be allowed to sell shares via phone, well I was told noone has ever told me such. Thanks for the advice on taping phone calls! I didnt get nowhere, but did atleast make Dave eat his words.
Sorry I posted misguiding advise. I am only trying to keep all involved informed. If nothing else I have been writing letters and making calls, to keep pressure on the powers that be. But only post on things that, I havent allready read.
 
Posted by Trader88 on :
 
Did I read something about a pr tomorrow or Tues? Been gone for a while. I think we can bet its gonna be bs, whatever it is. What if they say: "go ahead, trade your shares, we've decided to cover". LOL, would be great, but a pipe dream. I think they're gonna dilute.
 
Posted by H2NRG on :
 
quote:
Originally posted by glassman:
H2 what part don't you understand? exactly...

they issued NAKED SHORTS..there were only 11 shares to fwd split..
not 33 million..

do the math...

we actually explained this well before page 83....

we caught them "smuggling" shares into the market and we proved it...

case closed buy my shares back, period...

glassman... I'm in full agreement that there should only be 33 million in the O/S right now. I was just trying to point out two possible sources showing that NASD/SEC be might not be in agreement with us, for whatever odd reason.

To show how ludicrous 99 trillion shares O/S post-FS, one just needs to go back a couple weeks--that would mean that pre-FS and post-RS the O/S would have been 33 million, and that pre-R/S, the O/S would have been 6.5 million times that number, or 214.5 trillion shares. No way. Logic fails at that point.
 
Posted by Trader88 on :
 
Are you listening GLUV insider, T/A, Ameritrade, Insurance co.? I'll give you the whole lot for .0005 and it's my final offer, take it or leave it.
 
Posted by yoke yanker on :
 
If massive short covering is going to occur, the money has to come from somewhere. That is the big problem that we face. Insurance? Maybe, but I don't think the policy limits would be high enough to buy shares at .0003 and up. You would be multiplying everyones guesses, I mean sure they could buy them all back at .0001 for 60 million, but thats not going to happen. In a short squeeze, the pps could easily go to ten times that amount. Even if, say they go all the way to .001, take the median of that. On average, they would need to pay .0005 for the shares. That's 300 million dollars. No way

----------------------------------

Lets see. Take take the yearly compensation of a few of the top dogs at AMTD, and the insurance company, throw in the costs of a few biz jets, a few more commericial properties and buildings, the savings of operating a computer trading system with little ability for human intervention and oversight, 300 million, not that big a number at all. (-:
Cheers
 
Posted by keithsan on :
 
quote:
Originally posted by yoke yanker:
If massive short covering is going to occur, the money has to come from somewhere. That is the big problem that we face. Insurance? Maybe, but I don't think the policy limits would be high enough to buy shares at .0003 and up. You would be multiplying everyones guesses, I mean sure they could buy them all back at .0001 for 60 million, but thats not going to happen. In a short squeeze, the pps could easily go to ten times that amount. Even if, say they go all the way to .001, take the median of that. On average, they would need to pay .0005 for the shares. That's 300 million dollars. No way

----------------------------------

Lets see. Take take the yearly compensation of a few of the top dogs at AMTD, and the insurance company, throw in the costs of a few biz jets, a few more commericial properties and buildings, the savings of operating a computer trading system with little ability for human intervention and oversight, 300 million, not that big a number at all. (-:
Cheers

What are the policy limits for such a large TA company?
 
Posted by keithsan on :
 
double check the validity.

StockGate: 1.3 Billion Shares Trade In Company That Last Week Had Only 11 Holders
financialwire.net
May 27, 2005 (financialwire.net via COMTEX) --
May 27, 2005 (FinancialWire) May 27, 2005 (FinancialWire) Gluv Corp. (OTC: GVRP), which has been supposedly reverse merging into a company to be named Media Magic ( http://www.mediamagicinc.com ) traded 1.3 billion shares Thursday.

Since the company supposedly has only somewhere between 11 and 33 million shares, with Ameritrade Holdings (NASDAQ: AMTD) among the brokerages reportedly holding the bag for the rest, the trading is somewhat reminiscent of Global Links (OTC: GLKC), which has left E*Trade (NYSE: ET) hopelessly short after two individual shareholders filed SEC statements saying they had acquired more than the outstanding shares of Global Links.

Gluv Corp. has asked the U.S. Securities and Exchange Commission to halt its trading until everything gets straightened out.

Waiting in the wings are Gerald C. Parker and Robert W. Pearce, scheduled to become chair and CEO, whose Media Magic owns DigiKidz, Inc. and Orangebox Entertainment.

DigiKidz is a leading producer, developer, distributor and eCommerce retailer of a range of personalized videos, books, CDs and music for the children's marketplace. Orangebox, located in Hollywood, California, is an innovative company that provides the next generation of multimedia services ranging from Production to Post Production for the entertainment industry. Its services include audio, visual, editorial, and music from inception to completion.
On May 17, Parker commented: "We are excited about our current prospects and look forward to developing Media Magic Inc. into an innovative, well-rounded leader in the entertainment industry through several acquisitions."

Now, he may be having some second thoughts.

To prepare for the merger, Gluv Corp. is said to have spun off its own assets to leave its shell to Media Magic. As part of the process, the company did a 1-for-6.25 million reverse split, which left only 11 shareholders. Then it planned to complete a 3 million-for-1 forward split that would produce 33 million shares.

According to the company, apparently some 3 million shares of the company's common stock were issued prior to the dividend payment date. According to the company, it appears that an unknown number of those shares have been improperly traded in the marketplace.

The company said it is investigating how 3 million got into the marketplace, and had asked the SEC to halt its trading.

That didn't seem to deter traders yesterday, as they churned 1,362,506,898, closing at $0.0002, up 100% from $0.0001 the previous day.

The question is, do most of those shares even exist?

With over 300 companies with nonexistent shares listed on various exchanges' SEC Regulation "SHO" threshhold lists since January 7, it's hardly a new phenomenon.

At least one media said that 590,000 shares traded while there were only 11 outstanding.

That may be a new record for naked short selling, even if the brokerages thought the trades were backed by existing certificates.
 
Posted by yoke yanker on :
 
What are the policy limits for such a large TA company?

-----------------------------------------
No idea, and I betcha the number is being held pretty close to the vest right now. In the airplane business, 300 mil coverage for a screw up ie accident is low, but two completely different businesses and outcome. Lost money vs lost lives. But the potential liability and coverage on the dollar numbers the TA's run should be substantial. Unless of course, their in a position to self insure. Just don't know. We need someone in the business that knows the real numbers.
Cheers
 
Posted by yoke yanker on :
 
With over 300 companies with nonexistent shares listed on various exchanges' SEC Regulation "SHO" threshhold lists since January 7, it's hardly a new phenomenon.

----------------------------
At least the NS issue is getting some press. Let this rumble through the masses of investors and legislators that the SEC is allowing such fraud to exist. Integity and confidence in the markets should skyrocket. <VBG>
 
Posted by BuyTex on :
 
I think we should take defensive steps and have a lawyer in place if they do anything other than 1) churn or 2)make a settlement offer. Halt, suspension, reversal? Our guy files lawsuit immediately...
 
Posted by dishgal1 on :
 
Discrepancy.......1 - for- 6.25 m

the other was 1 for 6,500,000
 
Posted by vg on :
 
morning Dish
 
Posted by vg on :
 
For a minute I thought that everyone was done with this thread
They are all probably out for the weekend.
 
Posted by dishgal1 on :
 
VG regardless of weekend plans I'll just bet everyone will be monitoring this board over the weekend. Just a hunch....even if they have to sneak away from family gatherings. LOL

Don't go to anyone's house if they don't have a puter....or take a laptop. LOL That is my advice.
 
Posted by vg on :
 
Or be ready to be reading all day Monday, three days of reading on this thread would be crazy
 
Posted by BuyTex on :
 
morning, all

latest seems to be i-hub folks are asking for Fla members to go to state office to look at amendment the company filed May 25, cuz it's not scanned yet. Etrade message to one client says "Electronic Trading in this security has been temporarily disabled due to pending corporate action..."

If you've read the thread, you saw keithsan's post of most recent "news story." It's also on PinkSheets "Watch List," but apparently not on SHO.
 
Posted by vg on :
 
Tex ur back, was much cooler yesterday compared to the week, summer started a lil early for us whats up with that
 
Posted by keithsan on :
 
halted
 
Posted by dishgal1 on :
 
So Keith, is this bad or good?
 
Posted by Triumph1902 on :
 
quote:
Originally posted by keithsan:
halted

Now what....
 
Posted by vg on :
 
where did u see it keith nasdaq site doesn't show it
 
Posted by JustTheFaxMaam on :
 
One point everyone seems to be overlooking is the statement that there were 11 shareholders after the rev split. That doesn't mean that each of the shareholders didn't own 000's of pre forward split shares each!
 
Posted by glassman on :
 
400,000 shares traded....
 
Posted by vg on :
 
just the fax maam I think you should read the whole thread or atleast the last 5 days
 
Posted by glassman on :
 
quote:
Originally posted by JustTheFaxMaam:
One point everyone seems to be overlooking is the statement that there were 11 shareholders after the rev split. That doesn't mean that each of the shareholders didn't own 000's of pre forward split shares each!

yes, you are correct.....
about part..

if you read the thread you'll see we mentioned that oh, about 9 days ago.....

there were naked shorts that were split again....
 
Posted by BuyTex on :
 
on phone with sec now...
 
Posted by keithsan on :
 
halted right after open, don't know why or what mm's all closed
 
Posted by BuyTex on :
 
sec says call NASDAQ, getting number for me now...
 
Posted by JustTheFaxMaam on :
 
I'm well aware of the thread and the perception. Look at the so called "news" printed by newswire, etc...all say 11 shareholders, not 11 shares
 
Posted by glassman on :
 
only 5 days late? wow...that's an eternity in the internet age [Big Grin]
 
Posted by cruz on :
 
good morning all.
 
Posted by glassman on :
 
quote:
Originally posted by JustTheFaxMaam:
I'm well aware of the thread and the perception. Look at the so called "news" printed by newswire, etc...all say 11 shareholders, not 11 shares

each shareholder had ONE share to sell...NOT 3 million YET...
 
Posted by glassman on :
 
each share was worth about 6.50X 3 million based on Last fridays close.....
think about that for awhile...
 
Posted by vg on :
 
glass ur inbox is full is wahat they were trying to say on the previos page
 
Posted by JustTheFaxMaam on :
 
Trading halted, under SEC and NASD investigation, DTC can not determine who the heck owns what, illegal trading activity, manipulative actions by company (non-proper disclosure of of rev split -10 day advance notice, didn't happen), violation of Rule 144 after sale of shares by affiliate without proper registration, affirmative determination violations for any sales done through firm's without adaquate "locate"...bottom line paper millionaires, the trades since May12th will probably all be unwound...not an easy task which is why this puppy will not trade again for probably weeks.
 
Posted by BuyTex on :
 
lol, # SEC gave me was to Rick's Carpet somewhere, thought I misdialed, called him again. Anyway NASDAQ would be the one to halt and I can't get a human, only leave a message option...
 
Posted by Trader88 on :
 
Just the Fax, where u been for the past week, never seen you post here before. It gets halted and all the sudden you show up. Where are you getting your information? How do you know everything will be "unwound"? Do you know something we don't? I doubt it.
 
Posted by pcloadletter on :
 
money has already cleared on many accounts...

How do you "unwind" this mess.

They want them back....they buy them back or face lawsuit!
 
Posted by George on :
 
SEC can only suspend trading for 10 days.


A halt is usally for an hour so that news can be released.

'Securities exchanges, such as the New York Stock Exchange (NYSE) and American Stock Exchange (Amex), as well as the Nasdaq Stock Market, have the authority to halt and delay trading in a security. A trading halt—which typically lasts less than an hour but can be longer—is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day. '

A suspension is for upto 10 days.

Trading Suspensions!
When the SEC Suspends Trading in a Stock
The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days. This document answers some of the typical questions we receive from investors about trading suspensions.


See http://www.sec.gov/litigation/suspensions.shtml
 
Posted by glassman on :
 
quote:
Originally posted by JustTheFaxMaam:
Trading halted, under SEC and NASD investigation, DTC can not determine who the heck owns what, illegal trading activity, manipulative actions by company (non-proper disclosure of of rev split -10 day advance notice, didn't happen), violation of Rule 144 after sale of shares by affiliate without proper registration, affirmative determination violations for any sales done through firm's without adaquate "locate"...bottom line paper millionaires, the trades since May12th will probably all be unwound...not an easy task which is why this puppy will not trade again for probably weeks.

that makes sense..... except the unwinding part....
 
Posted by pcloadletter on :
 
Trading Direct has not posted shares...

Confirmed trade is halted....

Confirmed I am owed split shares....

Have no clue as to how this happened or will be resolved. So much for broker help.
 
Posted by glassman on :
 
NEWS FLASH: ghost in the machine has been caught [Big Grin]
 
Posted by pcloadletter on :
 
This will make news big time and hopefully make this rise even quicker once things shake out.
 
Posted by George on :
 
Trading Suspened!

[ May 27, 2005, 10:22: Message edited by: George ]
 
Posted by BuyTex on :
 
NASDAQ Market Integrity says halts listed at nasdaqtrader.com: nothing posted there so far...

Posted by: pdc021376
In reply to: None Date:5/27/2005 10:00:43 AM
Post #of 55920

+DJ SEC Suspends Trading In Gluv Corp/Media Magic

05/27/2005
Dow Jones News Services
(Copyright © 2005 Dow Jones & Company, Inc.)


(MORE) Dow Jones Newswires

05-27-05 0955ET

*DJ SEC Suspends Trading In Gluv Corp Until June 11
 
Posted by George on :
 
So they if they have suspended trading the 11th June would be about right, that's 10 working days. Probably to get everything in order to pay us.
 
Posted by BuyTex on :
 
2 kinds of halts--NASDAQ

only SEC suspends...and they are still denying it...but says hasn't been time to update web site, yet, either. I still haven't found the Dow Jones piece, just the post i copied...
 
Posted by H2NRG on :
 
DJ news shows up in Scottrade DJ news - search under keyword "gluv", not ticker GVRP. In an odd way, this suspension is good... can get some sleep over the next couple of weeks. Couldn't last night, LOL.
 
Posted by BuyTex on :
 
June 11 is a Saturday...*could be* another spoof...the DOW Jones thing...Scottrade knows nothing...
 
Posted by Purl Gurl on :
 
Late yesterday afternoon, a persuasive verbal
legal argument was presented to Joe Kamnik,
a SEC attorney. This verbal argument was later
provided via a written document to a variety of
SEC officials.

As I write, I want "just the facts, ma'am."

This has been a very entertaining week.

Purl Gurl, Queen of Coyotes
 
Posted by glassman on :
 
mail box fixed... for now [Big Grin]

i seem to be unable to PM to the viewtrader tho....

it might be nice to compare notes....
 
Posted by cruz on :
 
well i guess i am going to have to deposit some trading money if i can't count on my funds
 
Posted by dishgal1 on :
 
H2 I totally agree about the sleep. I am actually relieved....maybe we can all get some rest. LOL
 
Posted by cruz on :
 
purl gurl is back! welcome back!
 
Posted by dishgal1 on :
 
Hey Purl, where have you been?
 
Posted by cruz on :
 
well, so much for a free week of alphatrade.
 
Posted by dishgal1 on :
 
I must say this is interesting....found this on Ameritrade under news for Gluv


GVRP Gluv Corp (OTHER OTC) 5/27/2005 10:03:54 AM ET

Realtime Quote $0.00 + $0.00 (+50.00%) Refresh Quote



Press Release for Gluv Corp


otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com INTK, AUML, XPNG, GVRP
5/27/2005 8:14:52 AM
Rochester, NY, May 27, 2005 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com's "Stock Watch Alert" this morning are Industrial Nanotech Inc. (Pink Sheets: INTK), Auction Mills Inc. (Pink Sheets: AUML), Xpention Genetics, Inc. ( XPNG ), GLUV Corp. (Pink Sheets: GVRP).

Sign-up for our FREE Stock Alerts at http://www.otcstockexchange.com !

Industrial Nanotech Inc. (Pink Sheets: INTK - http://finance.yahoo.com/q?s=INTK.PK )

Industrial Nanotech Inc., an emerging nanotechnology-based solutions provider, announced that the Company is submitting its Nansulate(TM) product line for assignment of a Military Specification number at the request of a military contractor. Earlier this year, a Navy submarine base ordered a small quantity of Nansulate(TM) corrosion resistant insulation coating from the Company.

Recently, the US Navy has expressed interest in the Company's industrial coatings due to their high performance characteristics and, through a military contractor, has requested that Industrial Nanotech design a special "gray" version of its coating that can perform with the same characteristics of the Nansulate(TM) Translucent product line for use on specific Navy assets.

According to Laurie Scherock, President of Industrial Nanotech, "We feel strongly that our coatings can meet the extreme performance requirements demanded by the challenging environments that the Navy and other US military units operate in. Our Nansulate Translucent product line provides a solution to corrosion in addition to providing insulation protection and there are specific applications where our coatings' tolerance for thermal shock will be particularly significant. While the first order we received from the Navy was smaller in size, we are excited about the potentially large scale applications that our products could have."

About Industrial Nanotech Inc.

Industrial Nanotech Inc. produces and sells high performance coatings primarily designed for the heavy industry, manufacturing and shipping markets. The Company conducts nanoscience-related research in advanced materials and industrial applications at facilities in New Mexico, Colorado, and New Jersey. Products are available directly from the company or through a rapidly growing worldwide network of exclusive distributors.

For corporate and product information, please visit http://www.industrial-nanotech.com .

Auction Mills Inc. (Pink Sheets: AUML - http://finance.yahoo.com/q?s=AUML.PK )

Auction Mills Inc. supplies the public with a convenient, professional and confidential approach to participating in the eBay online marketplace. Experienced eBay auctioneers provide customers with a method of turning unused items into cash.

The Company actually takes possession of the items to be auctioned eliminating the hassle and wasted time associated with the selling process and allows customers an opportunity to benefit from the existing relationship that the Company has with eBay. This exciting method of marketing is currently available to franchisees. Management intends to cultivate a worldwide network of franchises that will work unanimously to offer the public the most effective tool available for online marketing.

Xpention Genetics, Inc. (OTCBB: XPNG - http://finance.yahoo.com/q?s=XPNG.OB )

Xpention Genetics, Inc. is a biotechnology company that was formed to develop both immunological and molecular tests for cancer detection in animals and humans as well as therapeutic vaccines and other treatment methods. Xpention Genetics has licensed exclusive rights to a specific genetic marker called the p65 that has highly specific correlation to numerous cancers. P65 is a promising marker for the early detection of malignant tumor formation and a useful tool for monitoring therapy and remission. Levels of p65 also appear to have a direct correlation to tumor mass/size. Initially, Xpention Genetics plans to utilize this licensed technology to develop an immunological test for the detection of cancer in canines. Simultaneously, the Company will utilize this licensed technology to develop a molecular assay for detection of cancer in both humans and canines.

GLUV Corp. (Pink Sheets: GVRP - http://finance.yahoo.com/q?s=GVRP.PK )

GLUV Corp. announced it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.

The transaction requires all current officers and directors of GLUV to resign, and provides for the appointment of the Media Magic management team to their appropriate positions in the new company.

After effecting the merger, Gerald C. Parker and Robert W. Pearce will serve on the Board of Directors of the new entity, Gerald C. Parker as Chairman of the Board, and Robert W. Pearce as Chief Executive Officer, Secretary and Treasurer of Media Magic.

Media Magic owns and operates two wholly owned subsidiaries, DigiKidz, Inc. and Orangebox Entertainment, Inc. DigiKidz is a leading producer, developer, distributor and eCommerce retailer of a range of personalized videos, books, CDs and music for the children's marketplace. Orangebox, located in Hollywood, California, is an innovative company that provides the next generation of multimedia services ranging from Production to Post Production for the entertainment industry. Its services include audio, visual, editorial, and music from inception to completion.

Media Magic, Inc.'s Chairman, Gerald C. Parker, commented: "We are excited about our current prospects and look forward to developing Media Magic Inc. into an innovative, well-rounded leader in the entertainment industry through several acquisitions."

Media Magic Inc., formerly known as DigiKidz Holdings, Inc., was founded in November 2004 and is headquartered in West Palm Beach, Florida. The Company conducts operations through its two wholly owned subsidiaries, DigiKidz, Inc., Jupiter, Florida, and Orangebox Entertainment, Inc., Hollywood, California. Media Magic acquired DigiKidz in November 2004 and Orangebox Entertainment (formerly Archetype Entertainment) in May 2005. Media Magic's strategy is to further develop its subsidiaries' leadership in their specific entertainment industry market segments and to develop the natural synergies between them.

About OTCStockExchange.com
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
purl gurl is back! welcome back!

I second that.
 
Posted by BuyTex on :
 
the post is accurate, my Scottrade news feed:

Back to Headlines
*DJ SEC Suspends Trading In Gluv Corp Until June 11


(MORE) Dow Jones Newswires

May 27, 2005 09:59 ET (13:59 GMT)- - 09 59 AM EDT 05-27-05

Back to Headlines


BUT no story, just the hed...everybody probably has something similar...

Purl, please expound...good to see you, been busy, huh?
 
Posted by glassman on :
 
PG, you have mail...
 
Posted by H2NRG on :
 
Purl Gurl... you had some interesting posts on IHUB yesterday. Any chance you could add any other details here?
 
Posted by Purl Gurl on :
 
I have been busy embarrassing Wall Street, an event
on my hit list for two decades. I've also been busy
taking down every known market maker.

However, my recent time has been spent enhancing
my bad reputation on various stock message boards.
My time has been spent making sure I am equally
ridiculed at major message boards, and to further
spread my infamy for my personal ego satiation.

Appears some good homework has been performed
by JustTheFaxMaam.

Purl Gurl
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
June 11 is a Saturday...*could be* another spoof...the DOW Jones thing...Scottrade knows nothing...

Right, but it is 10 working days until then. that means trading would start back on the 13th. They could say until after market closes on the 10th
 
Posted by vg on :
 
Purl we missed you thought u got arrested trying to whip the GLUV lawyer
 
Posted by George on :
 
It is not a Spoof because it is on the DJ wire...
 
Posted by glassman on :
 
thanx for the clues.....

Appears some good homework has been performed
by JustTheFaxMaam.

 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:


Appears some good homework has been performed
by JustTheFaxMaam.

So, you believe JustTheFaxMaam's post's details are correct?
quote:
JustTheFaxMaam
New Member


Member Rated:
5 Icon 1 posted May 27, 2005 09:59 Profile for JustTheFaxMaam Edit/Delete Post Reply With Quote Trading halted, under SEC and NASD investigation, DTC can not determine who the heck owns what, illegal trading activity, manipulative actions by company (non-proper disclosure of of rev split -10 day advance notice, didn't happen), violation of Rule 144 after sale of shares by affiliate without proper registration, affirmative determination violations for any sales done through firm's without adaquate "locate"...bottom line paper millionaires, the trades since May12th will probably all be unwound...not an easy task which is why this puppy will not trade again for probably weeks.


 
Posted by BuyTex on :
 
quote:
Originally posted by George:
It is not a Spoof because it is on the DJ wire...

as verified by subsequent post...
 
Posted by Purl Gurl on :
 
H2NRG, yes, the people over at I-Hub have factually
determined I am actually "abadgoodgirl" a well known
looney from the Raging Bull boards.

They have also factually determined I post from my
employer's office, where I am employed as a market
maker and I am sending wireless emails which end up
as posts to stock message boards, which I do to
circumvent a company firewall protecting my trading
desk as well as my employer's company.

I hope those disclosures add to your online trading
experiences in a positive manner.

Purl Gurl - Market Maker
 
Posted by vg on :
 
Okay Purl how many other names do u use
 
Posted by DirtyDealer1123 on :
 
Purl I noticed some of your posts on other boards, and enjoyed them. Even had my wife read a few that made me laugh. But only one thing, I am very new, and was able to tell that ""Just the facts" was you. Something about a post you made here before, and the command of the english language. Glad to see you!!!!
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
H2NRG, yes, the people over at I-Hub have factually
determined I am actually "abadgoodgirl" a well known
looney from the Raging Bull boards.

They have also factually determined I post from my
employer's office, where I am employed as a market
maker and I am sending wireless emails which end up
as posts to stock message boards, which I do to
circumvent a company firewall protecting my trading
desk as well as my employer's company.

I hope those disclosures add to your online trading
experiences in a positive manner.

Purl Gurl - Market Maker

Actually, I was referring to your IHUB posts about GVRP, not about you personally. You were on the phone with a number of people. I posted a few of your posts in this thread yesterday.
 
Posted by George on :
 
quote:
Originally posted by vg:
Okay Purl how many other names do u use

How about 'JustTheFaxMaam'
 
Posted by Purl Gurl on :
 
You should provide my post, which you quote, to
the good people over at the I-Hub boards, most
certainly the Golden Lists board.

Incidently, reports are coming out there are
fifty cases of blindness associated with Viagra.

You boys were warned you would become blind.

Purl Gurl
 
Posted by Purl Gurl on :
 
George, I would simply be fascinated to read your
logic behind your conclusion I am, in fact, a
poster using a moniker, "JustTheFaxMaam."

abadgoodgirl
 
Posted by Purl Gurl on :
 
Yes, a most entertaining week.

Purl Gurl
 
Posted by glassman on :
 
purl...

everybody goes blind eventually anyway....
i don't want to bother mitch...
 
Posted by BuyTex on :
 
wily,
please expound on discussion with lawyer...

got 'nuther question, later but for now, the lawywer???
 
Posted by H2NRG on :
 
SEC Suspension posted...
[URL]http://www.sec.gov/litigation/suspensions/34-51750-o.pdf{/URL]
quote:
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
May 27, 2005
______________________________
:
IN THE MATTER OF :
:
GLUV Corp. : ORDER OF SUSPENSION
: OF TRADING
File No. 500-1 :
______________________________
It appears to the Securities and Exchange Commission that the public interest and
the protection of investors require a suspension of trading in the securities of GLUV
Corp. The Commission is concerned that there is inadequate public information available
regarding: 1) number of shares outstanding for the company, 2) the availability of nonrestricted
shares for trading and delivery, 3) the current shareholders of the company, and
4) the rights attached to ownership of these shares. Gluv is quoted on the Pink Sheets
under the ticker symbol GVRP.
The Commission is of the opinion that the public interest and the protection of
investors require a suspension of trading in the securities of the above listed company.
Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act
of 1934, that trading in the above-listed company is suspended for the period from 9:30
a.m. EDT May 27, 2005, through 11:59 p.m. EDT, on June 10, 2005.
By the Commission.
Jonathan G. Katz
Secretary


 
Posted by keithsan on :
 
suspended

http://www.sec.gov/litigation/suspensions.shtml
 
Posted by glassman on :
 
only 5 days late...LOL
 
Posted by Purl Gurl on :
 
Tex, what I would really like to expound is
the fat on my ass.

Purl Gurl
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
Tex, what I would really like to expound is
the fat on my ass.

Purl Gurl

Will that help us understand more about the GVRP suspension? LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Tex, what I would really like to expound is
the fat on my ass.

Purl Gurl

roll around on ACME ball bearings...
 
Posted by H2NRG on :
 
Still waiting for the amendment update to be posted... should be today or Tuesday, based on the 2-3 day lag time on prior docs...
http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by Purl Gurl:
Tex, what I would really like to expound is
the fat on my ass.

Purl Gurl

roll around on ACME ball bearings...
make sure you don't LOSE any... [Big Grin]
 
Posted by Purl Gurl on :
 
H2NRG, my comment will not help you better
understand GVRP, but I really would rather
brag about expounds on my big butt.

Go ask JustTheFaxMaam for information.

Purl Gurl
 
Posted by glassman on :
 
i followed all the clues PG...
 
Posted by Purl Gurl on :
 
Just when you thought you were rid of me.

Purl Gurl
 
Posted by glassman on :
 
well, tell me this?

since scotrade had all the facts by NOON on Mon? do you think they decided to hammer ameritrade? like i suggested to them?

all biz is war...
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
Go ask JustTheFaxMaam for information.

Purl Gurl

Jim Bishop's response to JustTheFaxMaam's post...
http://www.investorshub.com/boards/read_msg.asp?message_id=6496090
quote:
Posted by: Jim Bishop
In reply to: H2NRG who wrote msg# 56022
Date:5/27/2005 11:00:50 AM
Post #of 56061

Possible, but I checked with NASD and they checked with Naz and I think they would have noticed if the 10 rule was not met...they said all was in order, no mistakes, dates were good and valid.


 
Posted by Purl Gurl on :
 
I think a person who doesn't like market makers
decided to hammer those market makers.

Seems to me there is some brief discussion, by
an individual at another famous board, who eluded
to select actions taken, which were ridiculed.

I don't know much, I am just a market maker
making wireless posts to boards.

Purl Gurl - sipping jitterjuice at an internet cafe
 
Posted by glassman on :
 
who cares about other boards?....
allstocks is the best... [Big Grin]
 
Posted by Triumph1902 on :
 
Does anyone really think they can unwind this thing all the way back to the 12th...
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
i followed all the clues PG...

they're there, but you had be watching closely...
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
George, I would simply be fascinated to read your
logic behind your conclusion I am, in fact, a
poster using a moniker, "JustTheFaxMaam."

abadgoodgirl

nothing fancy...just a wild guess...glad you are back. I missed you so you know someone cares...
 
Posted by Purl Gurl on :
 
Glassy, did I not say, "I am trouble?"

Purl Gurl, too lazy to work on expounds
 
Posted by dishgal1 on :
 
It would seem as if this goes back to improper handling of the reverse split....I think this company has a lot more skeletons in their closet than we even know.
 
Posted by glassman on :
 
guess i read sherlock too many times in "elementary" school
 
Posted by Purl Gurl on :
 
George, with your having missed me, I suggest
you work at aiming better.

Purl Gurl
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Glassy, did I not say, "I am trouble?"

Purl Gurl, too lazy to work on expounds

"oh no" [Big Grin] there goes tokyo...
 
Posted by H2NRG on :
 
Purl Gurl... what's your prognostication about where this all ends up? Will we get our FS due bill shares? Will they still be worth the same or more than yesterday's quotes?
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
George, with your having missed me, I suggest
you work at aiming better.

Purl Gurl

I would but I am going blind....
 
Posted by Purl Gurl on :
 
H2NRG, my prognostication is there are those who
will wish others had made use of KY jelly.

Purl Gurl
 
Posted by Purl Gurl on :
 
* makes a note while all are deeply involved
in reading about GVRP, the stock markets crash.
 
Posted by H2NRG on :
 
Purl Gurl... you got credit for the suspension from matrix...

[URL]http://www.investorshub.com/boards/read_msg.asp?message_id=6496786 [/URL]
quote:
Posted by: matrix
In reply to: Susie924 who wrote msg# 722
Date:5/27/2005 11:35:03 AM
Post #of 724

What a fine job Purl Gurl did here. She bothered so many people they definitely took action. This will give them two more weeks to figure out what to do w/ this mess.



 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
H2NRG, my prognostication is there are those who
will wish others had made use of KY jelly.

Purl Gurl

"flies in the vaseline"

loose quote: what's real? and what's for sale?
 
Posted by Purl Gurl on :
 
H2NRG, "discredit"

Won't be long I will be credited bonus points
for concealing Jimmy Hoffa so darn well.

If you like a treasure hunt, Mr. Hoffa is under
homeplate at a famous baseball stadium.

Purl Gurl
 
Posted by glassman on :
 
One time a thing occured to me
What’s real, and what’s for sale?
Blew a kiss and tried to take it home

It isn’t you, isn’t me
Search for things that you can’t see
Going blind, out of reach
Somewhere in the vaseline

 
Posted by glassman on :
 
be nice if there is a hedge fund caught in this too [Big Grin]
 
Posted by BuyTex on :
 
so, we're f'd; no broker will touch this once suspension is over...anybody disagree?

What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?

No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.


Will trading automatically resume after ten days?

It depends on the market where the stock trades. Different rules apply in different markets.

For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.

In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.

http://www.sec.gov/answers/tradingsuspension.htm
 
Posted by Purl Gurl on :
 
Our California Governor Terminator just ordered
"erection enhancement" drugs no longer be provided,
for free, to paroled sex offenders through Medicaid.

He states, "I am concerned they will become blind."

Purl Gurl
 
Posted by BuyTex on :
 
coyote ugly syndrome would vanish though...
 
Posted by H2NRG on :
 
Now my GVRP ticker has a # symbol after it in my Scottrade acct and are unavailable for trading (LOL), where:
quote:
# Not available for sale due to a reorg or a tender offer

 
Posted by glassman on :
 
You’ll see the look and you’ll see the lies
You’ll eat the lies, and you will.

 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
so, we're f'd; no broker will touch this once suspension is over...anybody disagree?

What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?

No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.


Will trading automatically resume after ten days?

It depends on the market where the stock trades. Different rules apply in different markets.

For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.

In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.

http://www.sec.gov/answers/tradingsuspension.htm

My HSYN shares have been in this situation for months now--only trading on the Greys. If HSYN is an indicator, then it doesn't look good. However, with all the attention given to GVRP, it might turn out differently. Let's hope so, anyhow.
 
Posted by Purl Gurl on :
 
Of interest,

http://www.investorshub.com/boards/read_msg.asp?message_id=6496842

Aren't all stock message boards a soap opera?

(thinks Bob Frey will enjoy a good laugh)

Purl Gurl
 
Posted by glassman on :
 
LOL,
it's the 21st century...trade like it... [Big Grin]
 
Posted by glassman on :
 
a side note....

2005-05-27 03:30:41
B: Equity Bridges Financial Relations: CMKX owners group update on the battle of naked short sales of CMKX securities ( M2 PRESSWIRE )

--------------------------------------------------------------------------------


May 27, 2005 (M2 PRESSWIRE via COMTEX) -- Wayne Pedersen, President of Equity
Bridges Financial Relations, comments on The CMKX Owners Group that is battling
naked short sales in CMKM Diamonds Inc. (Pink Sheets: CMKX).

This news release is primarily being sent out to alert investors of CMKX that
may not be aware of updates from the CMKX Owners Group.

I am pleased to announce that John Martin and Bill Frizzell have started mailing
out letters to all of the shareholders that have not faxed in their statements
to Frizzell Law Firm. We believe that these people may not be reading message
boards and even press releases so John and Bill are taking on this huge
administrative task on behalf of you the stockholder. Right now there are
approximately 7,000 stockholders that have faxed in their statements. There are
approximately 52,000 stockholder accounts remaining. John and Bill have hired
temporary staff to help out with this huge administrative task.

I am also pleased to announce that a great deal of stock has already been
accounted for out of the 7,000 stockholders that have stepped forward. When the
remaining stockholders are contacted, Bill anticipates having overwhelming
evidence to prove beyond a reason of a doubt that a naked short position exists
in CMKX. What does that mean for stockholders? This means that all of us will
have made history in coming together as a team of investors fighting for "what
is right". I am not aware of any investor group representing a single company
ever coming together as a team to fight naked shorting. Everyone involved needs
to pat themselves on the back for helping out not only themselves but their
fellowman.


been watching this (FROM THE SIDELINES LOL)for 2 years now


i think maybe we beat them to the PUNCH.... in two weeks [Big Grin]

that's efficiency....
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
H2NRG, my prognostication is there are those who
will wish others had made use of KY jelly.

Purl Gurl

Who should be stocking up on the KY?
A. Gluv?
B. Brokerage firms (Ameritrade)?
C. MMs (EFGI)?
D. Or those of us who bought into this mess?
 
Posted by Purl Gurl on :
 
H2NRG asks,

Who should be stocking up on the KY?
A. Gluv?
B. Brokerage firms (Ameritrade)?
C. MMs (EFGI)?
D. Or those of us who bought into this mess?


Yes.

Purl Gurl
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
One time a thing occured to me
What’s real, and what’s for sale?
Blew a kiss and tried to take it home

It isn’t you, isn’t me
Search for things that you can’t see
Going blind, out of reach
Somewhere in the vaseline

STP baby.....

Lunch break....you guys have been busy....
 
Posted by Purl Gurl on :
 
Glassy, I have never enjoyed so much fun thrashing
Wall Street! No doubt my $250 admission is worth
this E-coupon ride!

I love it, I love it, I love it!

This is my first "legitimate" opportunity to contact
Wall Street and embarrass them, with good cause!

Purl Gurl, wearing her Mickey Mouse ears
 
Posted by glassman on :
 
well, i still want my 20,000$ glass furnace outa this....
that's all i had in mind at the gitgo...
 
Posted by Purl Gurl on :
 
However, I am not quite finished stomping Tokyo.

**

Good day to you, Ms. Redmond,

I am trying to find contact information for
Steven Dreyer, an attorney you mention as
representing GLUV corporation in your recent
article with a title,

"DJ IN THE MONEY: GLUV Shr Count Only Off By 98,999,967,000,000"

Best information I have turned up is an attorney
Steven Dreyer, a partner in the Corporate Practice
Group at Arent Fox, New York city.

Have I the right attorney?

If not, you would have my appreciation if you would
provide your contact information for Steven Dreyer,
simply his phone, company address or email address.

Thanks, Ms. Redmond, for your time,

Bozo The Clown

**

Purl Gurl, waiting for next victim info
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
H2NRG asks,

Who should be stocking up on the KY?
A. Gluv?
B. Brokerage firms (Ameritrade)?
C. MMs (EFGI)?
D. Or those of us who bought into this mess?


Yes.

Purl Gurl

So, the answer is "E", all of the above? So, no lotto ticket for us, after all?
 
Posted by yoke yanker on :
 
Purl,
You sure put alot of heat on the boys. How much backlash is this going to create. Do we need to start buying everything on the SHO list as the NSS'ers start covering?
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
However, I am not quite finished stomping Tokyo.

**

Good day to you, Ms. Redmond,

I am trying to find contact information for
Steven Dreyer, an attorney you mention as
representing GLUV corporation in your recent
article with a title,

"DJ IN THE MONEY: GLUV Shr Count Only Off By 98,999,967,000,000"

Best information I have turned up is an attorney
Steven Dreyer, a partner in the Corporate Practice
Group at Arent Fox, New York city.

Have I the right attorney?

If not, you would have my appreciation if you would
provide your contact information for Steven Dreyer,
simply his phone, company address or email address.

Thanks, Ms. Redmond, for your time,

Bozo The Clown

**

Purl Gurl, waiting for next victim info

BTW, it's Remond, not Redmond. Got caught with the misspelling when I tried emailing her yesterday. Never did hear back from her.
 
Posted by keithsan on :
 
thought about digging for the attorney after i saw his name, but, dropped the ball.

hunt him down purl.

hes' got to be out of FLA i'm guessing maybe FLA bar, dont know what I can do from here.

this will be posted 10 minutes after i click reply, get the picture.
 
Posted by Purl Gurl on :
 
DRAT! I will have to create another email address
on our internet service provider here at home,
and try again.

I'm pretty sure I have the right attorney.

She is good writer but would be better if she
would spice up her articles with semantic funnies.

If I don't hear from her, I will write that attorney
and convince him to 'fess up he is the one.

Purl Gurl
 
Posted by Purl Gurl on :
 
Oooppss, caught in a lie. I don't operate our own
internet service provider here at home.

The IH people have pegged me as posting through
wireless email from behind a corporate firewall.

Yes, I am a market maker.

(repeats in her mind to remember)

Purl Gurl
 
Posted by Purl Gurl on :
 
Don't forget, today is bargin shopping day in
the stock markets, Friday light before a three
day weekend!

Lots of stocks at bargin basement prices!

You do remember there are other stocks besides GVRP?

Purl Gurl
 
Posted by glassman on :
 
i'll be bargin' down da river this weekend.. [Big Grin]
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
Don't forget, today is bargin shopping day in
the stock markets, Friday light before a three
day weekend!

Lots of stocks at bargin basement prices!

You do remember there are other stocks besides GVRP?

Purl Gurl

GVRP is a stock??? I was under the impression it was a lotto ticket. I was hoping it had the winning number on it. Drawing date is delayed. Not sure if the purse is funded or empty, though.
 
Posted by cruz on :
 
give me a few? limited time today due to work. [Smile] i have to work you know.

quote:
Originally posted by Purl Gurl:
Don't forget, today is bargin shopping day in
the stock markets, Friday light before a three
day weekend!

Lots of stocks at bargin basement prices!

You do remember there are other stocks besides GVRP?

Purl Gurl


 
Posted by Purl Gurl on :
 
Lotto ticket?

No, you bought an admission ticket to an old
fashion carnival complete with bearded ladies,
bodiless men, three armed midgets, a rather
large eight-hundred pound lady, piano playing
chickens, house of mirrors, sword swallowers,
fortune tellers, and most of all, hawkers!

Decades back at an Oklahoma carnival I was smacked
on the head by a sword swallower because I said,

"Mister, you dress rat funny."

Purl Gurl - rubs a sword inflicted knot on her head
 
Posted by Purl Gurl on :
 
Cruz, almi thread.
 
Posted by glassman on :
 
don't forget the gorrilla....
the tiger...
the lion...
the skunky....
and those cute little night monkeys...
i still want some of them [Big Grin]
 
Posted by BuyTex on :
 
fight club

dangerous mind

the usual suspects...
 
Posted by Purl Gurl on :
 
Night monkeys?

Wait, are you watching the Whacko Jacko trial?

Purl Gurl
 
Posted by Purl Gurl on :
 
I called the prosecutor for the Whacko Jacko
trial, offered photographs of my genitalia,
even faxed him copies.

He asked, "Doesn't that hurt?"

Purl Gurl
 
Posted by glassman on :
 
can i see???? [Big Grin]

night monkeys....
 -

i already breed these....

 -
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
Lotto ticket?

No, you bought an admission ticket to an old
fashion carnival complete with bearded ladies,
bodiless men, three armed midgets, a rather
large eight-hundred pound lady, piano playing
chickens, house of mirrors, sword swallowers,
fortune tellers, and most of all, hawkers!

Decades back at an Oklahoma carnival I was smacked
on the head by a sword swallower because I said,

"Mister, you dress rat funny."

Purl Gurl - rubs a sword inflicted knot on her head

Then I must have tried out one of those $1 try-your-luck-for-a-chance-at-a-cheap-stuffed-animal booths at this carnival. Think it might have been the spray the water in the clown's mouth game. A bunch of players sat down at their nozzles. Some people got water to spray out. I just got to sit there waiting for mine to spray. Trouble is, the game stopped just before anyone sprayed enough water to ring the bell to win the prize. Gotta wait a couple of weeks to see if they'll start the game again, or give me my dollar back, or tell me tough luck, you got your entertainment. Coulda won a SpongeBob, too!

Yeah, the sideshow was interesting, but I was hoping for the SpongeBob plush.
 
Posted by Purl Gurl on :
 
Glassman,

* official deep AOL voice *

You got mail.
 
Posted by H2NRG on :
 
250 trillion shares in the Amendment? See http://news.ocsecurities.com/ - waiting for it to be official at http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=
 
Posted by Purl Gurl on :
 
* hears a blood curdling scream far away.... *
 
Posted by Purl Gurl on :
 
H2NRG, here is further documentation of your post,

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/007994.html

Purl Gurl
 
Posted by glassman on :
 
thank you... i see about the pain....

everybody asks me if my tattoos hurt? i just tell them yes.... of course they hurt... [Roll Eyes]

they will then reverse split...
however?
they have legal problems with this strategy too...
 
Posted by BuyTex on :
 
Yoo Hoo, Joe Friday, wachu know about Ken Scordo and OCS?

http://news.ocsecurities.com/

"GVRP: Files amendment May 25th / 250 trillion share

Watch for update soon"
 
Posted by BuyTex on :
 
now changed to this, GVRP: Files amendment May 25th with Florida Secretary of State / Increases capital stock authorized to 250 Trillion shares

"Article IV of the Corporation's Articles of Incorporation is hereby deleted in its entirety, and replaced with the following:
4.1 The capital stock of this corporation shall consist of Two Hundred Fifty Trillion (250,000,000,000,000) shares of common stock, no par value. Effective date: May 20, 2005. Signed by Robert W Pearce. "

and i-hubbers find something fishy, i think; maybe original posting on OCS site had a spoof date...there's lottsssssa jokers in this deck...
 
Posted by Purl Gurl on :
 
I know nuttin...

Some tattoos hurt more than others. CHOMP!
 
Posted by glassman on :
 
that's gotta be a record of some sort...

think i'll request mine printed in certificate form ONE share at a time..

then i'll sell them to the recycler and retire a wealthy man...LOL
 
Posted by BuyTex on :
 
calling Joe Friday...what's your 10-20, Sergeant?
 
Posted by BuyTex on :
 
apparently in Florida, shareholder approval unnecessary...we made an oopsie in the DD...
 
Posted by Purl Gurl on :
 
My 10-20 is Alturas 5, out in the Gamma Sector.

Currently, I am 10-8.
 
Posted by glassman on :
 
standard copier paper is 20 lbs...

at about 250 sheets to make an inch high stack?

thats a stack of certs......well, exactly a trillion inches high...
Purl, how far away is the moon? isn't Roberta an expert on these things?
 
Posted by Purl Gurl on :
 
240,000 miles.

Roberta is an expert on Astronomy!
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
apparently in Florida, shareholder approval unnecessary...we made an oopsie in the DD...

actaully i knew that, read the RS posts i have previously offered...

problem is they still delivered shares BEFORE this....
 
Posted by BuyTex on :
 
anyone who's interested, this little oddity starts here:

http://www.investorshub.com/boards/read_msg.asp?

and runs several messages forward...

message_id=6498291

Posted by: Rager
In reply to: None Date:5/27/2005 1:04:34 PM
Post #of 56317

GVRP: Files amendment, All the Rage gets the scoop...

Top story
http://news.ocsecurities.com/


All the Rage Financial News
http://news.ocsecurities.com
 
Posted by glassman on :
 
yes she is...

so, the moon is only 1,267,200,000 inches away..

wow, we could build a darn paper bridge to the moon with just my certs...LOL
 
Posted by H2NRG on :
 
So, our FS shares are worthless, or is there still covering coming?
 
Posted by Purl Gurl on :
 
Bodacious Bozo!

Roberta, what is the current moon phase?

Roberta The Remarkable Robot

Phase! The apparent change in shape of the Moon and inferior planets as seen from Earth as they move in their orbits.

Your moon tonight Bodacious Bozo! will be a Waning Gibbous Moon as displayed by my animation which will pause for a few seconds on tonight's moon.

 -

Our moon is currently 363506 kilometers away from Earth and is 63 percent illuminated.

These are temporally related Luna events.

Sun May 8 01:48:43 2005 New Moon

Mon May 16 01:58:46 2005 First Quarter

Mon May 23 13:20:56 2005 Full Moon

Mon May 30 04:49:02 2005 Last Quarter

Mon Jun 6 14:58:03 2005 New Moon
 
Posted by glassman on :
 
quote:
Originally posted by H2NRG:
So, our FS shares are worthless, or is there still covering coming?

NO, IMO? this now a LEGAL matter...
i think we have some people her who already said they were interested in representing themselves their own plaintiff... pcloadleter? you there?

consider this too...that FLA law was UNETHICAL...

the people who proposed that law? need to be investigated too...
 
Posted by Purl Gurl on :
 
I've retained the law firm of Stutter, Stammer and Stall,
and co-counsel will be Diddle, Daddle and Doolittle.

Purl Gurl
 
Posted by George on :
 
So there we have it...it was asked and it was said..the only way out of this is to print more....and that is exactly what they are doing...
 
Posted by glassman on :
 
i wonder if Jeb Bush signed that bill?????


it's fairly recent as i recall..i looked it up a couple months ago during the GLKCE fiasco....


if J. Bush did sign that bill? it will give some politicians heartburn when we go after this....
 
Posted by George on :
 
So they will then do a R/S of twenty five trillion to 1. and pay off the partials...just like they did on the last R/S of 6.5mm-1
 
Posted by George on :
 
That will give them 10 shares...they only need 10 now instead of 11 because the guy that sold early is missing.......(disclaimer: everything I have said today is BS...)
 
Posted by glassman on :
 
too soon to speculate how they will do this...
as it is, they got alot of heat right now...

they will have to be very careful...
 
Posted by Purl Gurl on :
 
You get up every morning
From your 'larm clock's warning
Take the 8:15 into the city
There's a whistle up above
And people pushin', people shovin'
And the girls who try to look pretty
And if your train's on time
You can get to work by nine
And start your slaving job to get your pay
If you ever get annoyed
Look at me I'm self-employed
I love to work at nothing all day
And I'll be

Taking down Wall Street (every day)
Taking down Wall Street (every way)
I've been taking down Wall Street (it's all mine)
Taking down Wall Street and working overtime
 
Posted by BuyTex on :
 
it can't let em off the hook. If so, the big winners who sold get to keep their cash, which makes my broker liable for keeping me from selling...how they going to let em backdate?
 
Posted by dishgal1 on :
 
Buy tex and what about the ones who were told to sell at your own risk......????? Not to mention the fact that Amtrade posting them early....my confidence in them is a little low right now, knowing that they would put me in this predicament in the first place.

There are a lot of people in trouble here....
 
Posted by glassman on :
 
i want to go back to the bill that FLA passed to allow the co's to screw the shareholders at will....

anybody want to test the constitutionality of it????
 
Posted by dishgal1 on :
 
Florida and Nevada Glass, they always screw the shareholders.
 
Posted by pcloadletter on :
 
Already hired Dewey, Cheatum and Howe.....

So are we rich or what?
 
Posted by BuyTex on :
 
i think the argument there, dish, is you were considering your risk in light of that advisement, but still had time to trade. Then they came back and started halting trading, etc, running into some sort of "prudent" or "reasonable" wall. There's so many mistakes in this whole deal, that the only way to "win" is to keep pushing and don't quit, imho. If you'll notice, my first post of the am was "we need a lawyer," and we do. If we give up, they might well walk, at least from us. I'd be real surprised if Pearce & gang haven't hitchiked to the airport from their crashed getaway car. I can see them now in their lil airport slippers going through security...
 
Posted by Raptorsrule on :
 
In light of the latest news....I shoulda sold them all.....

News out from the company

SEC Suspends Trading in Gluv Corp.'s Shares
Business Wire - May 27, 2005 14:01

Gluv Corp. (Pink Sheets:GVRP) announced today that the Securities and Exchange Commission had issued an order suspending trading in the company's common stock this morning.

Earlier this week, the company requested the SEC to halt trading in connection with a serious problem that had arisen when quotations on the Pink Sheets Electronic Quotation and Trading System reflected that its outstanding common stock might be as much as 99 trillion shares. The company believes that this incorrect information about its outstanding shares entered the market place when the Pink Sheets system began reflecting that 33 million shares of the company's stock were trading "when issued" with a due bill for a three million share dividend attached to each of them, instead of showing that only the 11 shares that were actually outstanding prior to the declaration of that dividend should have been trading with that due bill attached.

The company further announced that the SEC Staff was continuing to monitor the situation.

Robert W. Pearce, the company's chief executive officer, said: "We are very grateful to the SEC for having acted so quickly in response to our request for help. The confusion about the actual number of the company's shares that are publicly available for trading appears to have caused some investors and various members of the brokerage community to be maintaining positions in our stock that are far in excess of the actual number of shares that we have outstanding. It is our hope that the SEC will ultimately resolve this problem by fashioning a solution that will permit the brokerage community to reverse the trades that should not have occurred in our stock during the past week."

SOURCE: Gluv Corp.

Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com

Copyright Business Wire 2005
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
Florida and Nevada Glass, they always screw the shareholders.

yes, when i see Boca Raton... or Vegas? i usually think get the 25% AND getthe eff out...
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
i want to go back to the bill that FLA passed to allow the co's to screw the shareholders at will....

anybody want to test the constitutionality of it????

i want to push it all. btw, i missed your earlier tag bout not needing shareholders. We ever run one these heavy-duty sessions again--don't mean a scam, just requiring lottsa DD and ongoing thread--we need a DD section up front or a separate thread and a duty roster for eod summaries and morning updates, again jmho...the thread is good for real-time breakouts, but hard to manage for DD facts, etc.
 
Posted by glassman on :
 
i didn't post it in this thread... it's in another thread over a month ago about Reverse Split regulars....
 
Posted by Purl Gurl on :
 
Just the facts, ma'am


Posted by: Purl Gurl
Date:5/26/2005 5:35:48 PM

(snip from discussion with attorney Joe Kamnick)...

He was kind enough to allow a little more out by stating
they do not want to make the problem worse and are taking
great care to "put the pieces back in the right places"
without causing harm to individual investors....

"Put the pieces back in the right places."

His statement tells me everything I need to know and
tells me exactly will happen in the near future....

****

Business Wire - May 27, 2005 14:01

Robert W. Pearce...It is our hope that the SEC will ultimately resolve this problem by fashioning
a solution that will permit the brokerage community to reverse the trades that should not have
occurred in our stock during the past week....
 
Posted by glassman on :
 
that doesn't jive with issuing a new AS tho...

does it?
 
Posted by keithsan on :
 
MY TAKE:

we find that they want to issue trillions of shares to give to us. we know SEC was looking in to them.

It is my opinion that the SEC will not allow them to just give these shares out. Why: because it is illegal by SEC rules as we know. Also: this would give the company all the money from selling before the ex-date as well as all the money from illegal F/S sharees (the ones we currently have or don't have in our accounts)the SEC doesnt want all companies to do this, this company can not be rewarded.

I am not sure what the SEC will do, (buy back, unwind etc..)I am of the opinion that trading was halted so they coud sort this out and stop them from dilluting with the newly applied for shares.

Keith
 
Posted by Purl Gurl on :
 
Glassman, interesting documentation,

http://www.lyricsfind.com/b/bee-gees/unknown-album/jive-talking.php

Purl Gurl
 
Posted by BuyTex on :
 
That PR's not fooling ennybody! SEC had documentation in their hands Monday am re the hedzup the company ignored...But they are spinning it. heysuse holy moly. Hey, what the cheapest way to form a "legal" group/entity, etc so we can post to bizwire et al? I'm mad as hell and ain't gonna take it anymore...remember that? By the way, I'd like help checking out this "Ken Scordo" on i-hub, who apparently got his account suspended today. One his remarks was that SEC is looking at shareholders as the scammers. If I read it right, he claimed to be a broker with OCS, which may be the same OCS where this amendment was posted. Although it also looks like the mod who suspended "Scordo" is the gut who actually went to the statehouse and dug up a paper copy of the amendment. funny story, if true. Anyway, anybody know the scoop on Scordo? purl posted the link earlier, "Bob might think it's funny"
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Glassman, interesting documentation,

http://www.lyricsfind.com/b/bee-gees/unknown-album/jive-talking.php

Purl Gurl

ohmygod, i never discoed i swear.. [Roll Eyes]
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
that doesn't jive with issuing a new AS tho...

does it?

thas what I'm thinking. goons are greasing both sides of the griddle...
 
Posted by Raptorsrule on :
 
quote:
Originally posted by keithsan:
MY TAKE:

we find that they want to issue trillions of shares to give to us. we know SEC was looking in to them.

It is my opinion that the SEC will not allow them to just give these shares out. Why: because it is illegal by SEC rules as we know. Also: this would give the company all the money from selling before the ex-date as well as all the money from illegal F/S sharees (the ones we currently have or don't have in our accounts)the SEC doesnt want all companies to do this, this company can not be rewarded.

I am not sure what the SEC will do, (buy back, unwind etc..)I am of the opinion that trading was halted so they coud sort this out and stop them from dilluting with the newly applied for shares.

Keith

And I'm hoping you are right.
 
Posted by glassman on :
 
i find it amusing that they are asking the SEC to save them from their own mistake....

i want some of my mistakes back tooooo.....
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by glassman:
that doesn't jive with issuing a new AS tho...

does it?

thas what I'm thinking. goons are greasing both sides of the griddle...
dont think it'll happen posted why a few posts ago.

finally got a real puter.
 
Posted by Purl Gurl on :
 
Tex, have you factually verified that Florida
amendment reads as you think?

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/007994.html

Purl Gurl
 
Posted by George on :
 
"Put the pieces back in the right places."

His statement tells me everything I need to know and
tells me exactly will happen in the near future....


would you like to share with the rest of the class?
 
Posted by George on :
 
did anyone sell and get cash out? i know people sold and have funds that are not avalaible. If someone sold and took the cash how can they undo that?
 
Posted by Purl Gurl on :
 
George, I have already providing information.

Read my prior post very carefully.

What is the overall theme?
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
Glassman, interesting documentation,

http://www.lyricsfind.com/b/bee-gees/unknown-album/jive-talking.php

Purl Gurl

I have a lyrics site....www.lyricslocator.com
 
Posted by Purl Gurl on :
 
George, by seizing your brokerage account. Easy.

I recall DishGal and I warning people to not sell.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by George:
"Put the pieces back in the right places."

His statement tells me everything I need to know and
tells me exactly will happen in the near future....


would you like to share with the rest of the class?

unwind the trades....
 
Posted by cruz on :
 
It's not a done deal for us. If you noticed, "It is our hope..." (GVRP crying and begging) SEC is not going to make this easy for GVRP.
 
Posted by H2NRG on :
 
I thought we might be able to get some sleep over the next couple of weeks. Nope. Saga continues, story deepens. What a friggin' soap opera!
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
George, I have already providing information.

Read my prior post very carefully.

What is the overall theme?

I think I got it.... [Confused]
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by George:
"Put the pieces back in the right places."

His statement tells me everything I need to know and
tells me exactly will happen in the near future....


would you like to share with the rest of the class?

unwind the trades....
Robert W. Pearce, the company's chief executive officer, said: "We
are very grateful to the SEC for having acted so quickly in response
to our request for help. The confusion about the actual number of the
company's shares that are publicly available for trading appears to
have caused some investors and various members of the brokerage
community to be maintaining positions in our stock that are far in
excess of the actual number of shares that we have outstanding. It is
our hope that the SEC will ultimately resolve this problem by
fashioning a solution that will permit the brokerage community to
reverse the trades that should not have occurred in our stock during
the past week."
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by George:
"Put the pieces back in the right places."

His statement tells me everything I need to know and
tells me exactly will happen in the near future....


would you like to share with the rest of the class?

unwind the trades....
Robert W. Pearce, the company's chief executive officer, said: "We
are very grateful to the SEC for having acted so quickly in response
to our request for help. The confusion about the actual number of the
company's shares that are publicly available for trading appears to
have caused some investors and various members of the brokerage
community to be maintaining positions in our stock that are far in
excess of the actual number of shares that we have outstanding. It is
our hope that the SEC will ultimately resolve this problem by
fashioning a solution that will permit the brokerage community to
reverse the trades that should not have occurred in our stock during
the past week."

This is what company WANTS, NOT what SEC will due....

SEC could nail em on this and i hope they do.
 
Posted by Purl Gurl on :
 
"Put the pieces back in the right places."

- SEC Attorney

"... to reverse the trades...."

- Company executive
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Tex, have you factually verified that Florida
amendment reads as you think?

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/007994.html

Purl Gurl

no, i said apparently, thinking that surely they wouldn't file that amendment--which right now we on this thread have not verified, either--if it were otherwise. Since then Glass has chipped in with supporting opinion so I'm leaving it for now...is there a larger question I'm missing?
 
Posted by keithsan on :
 
heres the link to news, someone may have posted earllier, not sure, i may have skipped it thinking it was something else. swithcing from work to home can get screwy, bare with me.

http://biz.yahoo.com/bw/050527/275366.html?.v=1
 
Posted by H2NRG on :
 
Get your GVRP t-shirt here...
http://www.cafepress.com/spitbot.14406093
 
Posted by elitedb on :
 
I have been in Indiana for a couple of days, boy have I missed alot. I have just perused this thread quickly, like a few minutes only. It seems that they are hoping the SEC unwinds it all. BUT, obviously they are planning to have more trillions of shares than can be printed. Why authorize the shares if just unwind back to 11 shares?

Quick thought is they do not expect an unwind? Of course I guess it a good idea to prepare for the denial and hope they aren't denied.

Tex, litigation seems inevitable but premature to me at this time. No one knows what remedy will be crafted if any so who knows what relief to ask for?

Wish I practiced in fla, seems like too easy a solution in some respects. Just back date an amendment. In Tennessee we can't do that, we just bribe legislators instead LOL
 
Posted by Purl Gurl on :
 
When talking with an attorney it is critically
important to listen carefully to semantic usage
of words. Attorneys never state anything directly;
they always leave "argument" room if needed.

Joe Kamnik, made that statement of his after a
very long discussion during which I partially
persuaded him I understand his position, his
need to be careful and persuaded him I am on
his side; a psuedo trusted partner.

What he stated, has been parroted by GLUV.

Purl Gurl
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
Get your GVRP t-shirt here...
http://www.cafepress.com/spitbot.14406093

purfectt, insiders get it--others use it generically. I could wear it when I go out to eat!
 
Posted by Purl Gurl on :
 
Ok, Texas Goat Roper, consider yourself spanked.

Tex, no matter what is posted, no matter by whom,
always work at independent verification.

...unless I post it cuz I never lie!

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by keithsan:
MY TAKE:

we find that they want to issue trillions of shares to give to us. we know SEC was looking in to them.

It is my opinion that the SEC will not allow them to just give these shares out. Why: because it is illegal by SEC rules as we know. Also: this would give the company all the money from selling before the ex-date as well as all the money from illegal F/S sharees (the ones we currently have or don't have in our accounts)the SEC doesnt want all companies to do this, this company can not be rewarded.

I am not sure what the SEC will do, (buy back, unwind etc..)I am of the opinion that trading was halted so they coud sort this out and stop them from dilluting with the newly applied for shares.

Keith

And I'm hoping you are right.
ME too, I re-linked the news thought your post was an older one...selling all your shares wouldn't have helped, actually if they were allowed to flood the market with shares, you would be able to keep profits.
 
Posted by BuyTex on :
 
[QUOTE]Originally posted by Purl Gurl:
When talking with an attorney it is critically
important to listen carefully to semantic usage
of words. Attorneys never state anything directly;
they always leave "argument" room if needed.

Joe Kamnik, made that statement of his after a
very long discussion during which I partially
persuaded him I understand his position, his
need to be careful and persuaded him I am on
his side; a psuedo trusted partner.

What he stated, has been parroted by GLUV.

Purl Gurl
[/QUOT

pure PR judo tactic--SEC halted em, and company tries to make it sound like SEC did it at company request.
 
Posted by George on :
 
so the FL amendment is a spoof or has that been verified by anyone yet?
 
Posted by keithsan on :
 
Purl, I got lost on who Joe Kaminick is? reminder please, that wasn't the last lawyer we talked about.
 
Posted by Purl Gurl on :
 
George, the amendment is there but, to the best
of my knowledge, it has NOT been scanned into
the system; there is no photocopy available, yet.
 
Posted by glassman on :
 
quote:
Originally posted by George:
so the FL amendment is a spoof or has that been verified by anyone yet?

it doesn't matter....no matter what they tried to do? they can't do it after the fact....

ex-post-facto is rare...
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
so the FL amendment is a spoof or has that been verified by anyone yet?

i-hubbers apparently believe it, and if true, one of thir members, a board mod, went to the statehouse and "begged" for it, cuz he din have the correct form of curency...no one here, at Allstocks, as far as I know has verified it. We haven't even asked who from here is near enough in Florida--Tallahassee, I think.
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by George:
so the FL amendment is a spoof or has that been verified by anyone yet?

i-hubbers apparently believe it, and if true, one of thir members, a board mod, went to the statehouse and "begged" for it, cuz he din have the correct form of curency...no one here, at Allstocks, as far as I know has verified it. We haven't even asked who from here is near enough in Florida--Tallahassee, I think.
it only helps the SEC's cause of hurting these bozo's, if its true.

TEX to many chatrooms are a bad thing.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
George, the amendment is there but, to the best
of my knowledge, it has NOT been scanned into
the system; there is no photocopy available, yet.

true, you can see via the statehouse link that an amendment was filed May 25, but it's not yet available online, hence the ihub-mod's reported trip...
 
Posted by keithsan on :
 
WHO IS JOE K.???????????????????

i hate being lost
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
WHO IS JOE K.???????????????????

i hate being lost

the purl-referenced SEC atty
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by keithsan:
WHO IS JOE K.???????????????????

i hate being lost

the purl-referenced SEC atty
ATTNY on this case ? or an ATTNY at sec....

i'll go recheck the docs
 
Posted by George on :
 
at least GTE is up and it is a long weekend too..I also got the mower part I was waiting for.. so I can get r done this weekend...OH sorry wrong thread. I thought this was the Martha Stewart channel...
 
Posted by keithsan on :
 
can't find it now, maybe i'm just too tired. taking a break all see you in ten minutes.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Ok, Texas Goat Roper, consider yourself spanked.

Tex, no matter what is posted, no matter by whom,
always work at independent verification.

...unless I post it cuz I never lie!

Purl Gurl

ehhhhhhhhhhggkkkk *makes poor attempt at sound fx* lol, i was comparing hedz when you spoofed the "first" halt...and no, I shall resist the attempt to lead me astray...good try, though...
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
at least GTE is up and it is a long weekend too..I also got the mower part I was waiting for.. so I can get r done this weekend...OH sorry wrong thread. I thought this was the Martha Stewart channel...

i started to mention GTE, too, good to see it back it up where it BELONGS...
 
Posted by Purl Gurl on :
 
Tex, that amendment, as reported by "Matt" who is
said to be an I-Hub administrator, could be true.

However, earlier Matt displayed a very childish
and unprofessional emotional outburst which served
to reduce his credibility to nothing.

Additionally, his report of the amendment displays
a file date of May 27 but an effective date of
May 20, which is very suspicious and most likely
will later be shown to be unlawful, if what he
reports is true.

Personally, I will wait until a verified copy of
that amendment is available.

Just The Facts, Ma'am.

Purl Gurl
 
Posted by Purl Gurl on :
 
There is a certainty, Royal Palm Capital and its
officers have effectively ruined their reputations.

Thinking I will go play under the sunshine, wash
my Corvette while eating a Carl's hamburger.

Purl Gurl
 
Posted by BuyTex on :
 
wily,
agreed re amendment. I don't think I presented it as something I verified, in fact posted the link so others intersted could read. As far as Matt the persona on a board, I doubt that I could care less. Can't believe you have no insight into the Scordo/OCS nexus, wassup with that? btw, I already established the epithet "goat roper" connotes great skill among the Wild West X-Games cognosoti--please find a more suitable perjorative when you're chiding me...
 
Posted by Purl Gurl on :
 
...and, no, Glassman, you cannot watch.
 
Posted by George on :
 
Personally, I will wait until a verified copy of
that amendment is available.

Just The Facts, Ma'am.

Purl Gurl


Do you not ever buy or sell on rumor? If you always waited for verified facts it may be too late...
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
...and, no, Glassman, you cannot watch.

Can I then?
 
Posted by Purl Gurl on :
 
Please except my apologies, Mr. Tex.

I shall endeavor to not, no, I will not tease
you in the future. Strictly business now.

However, I will continue to poke fun at myself.

Purl Gurl
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Please except my apologies, Mr. Tex.

I shall endeavor to not, no, I will not tease
you in the future. Strictly business now.

However, I will continue to poke fun at myself.

Purl Gurl

jeez, did i lose you at Wild West X-games?
 
Posted by Purl Gurl on :
 
...and I will continue to poke fun at George and
Glassman, without fail.

George, ever see a hippopotamus bathing in the Nile?

Well, imagine that hippo washing a Corvette.

That is me.

Purl Gurl
 
Posted by George on :
 
nevermind I will go replay the Hilton video....
 
Posted by Purl Gurl on :
 
Does this mean we can kiss and makeup, Goat Roper?

* bites the head off a horn toad, drools blood *

Yes, let's kiss and makeup!
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
...and I will continue to poke fun at George and
Glassman, without fail.

George, ever see a hippopotamus bathing in the Nile?

Well, imagine that hippo washing a Corvette.

That is me.

Purl Gurl

good, i don't like being left out of the fun...
[Big Grin]

hava nice bath....
what color is your thong?

i need clarification for my "far-seeing"
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Does this mean we can kiss and makeup, Goat Roper?

* bites the head off a horn toad, drools blood *

Yes, let's kiss and makeup!

*tips hat*
why, shoot--I missed the tiff in the first dang place...*as life on frontier has rendered blood on female lips a common occurrence*
 
Posted by cruz on :
 
where's GVRP in all this? [Smile]
 
Posted by George on :
 
I think glass has taken one to many viagras and is going blind
 
Posted by Purl Gurl on :
 
Here is a picture which Glassman and George may
drool over during the long weekend.

Here I am just about ready to go out to wash
my Corvette while eating a Carl's hambuger!

Just snapped this picture minutes back.

 -
 
Posted by glassman on :
 
i see you've lost quite a bit of weight ...congratulations.. [Big Grin]
 
Posted by Purl Gurl on :
 
Cruz asks,

"Where is GVRP in all this?"

What co-inkydinky you ask!

For your weekend thoughts, Cruz, a very recent
snapshot of an exuctive at GLUV in their prim
and proper "execs only" bathroom,

 -
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
where's GVRP in all this? [Smile]

r/s, f/s, *a/s, wadded up, like a tractor-trailer braking for a child in the middle in the road on iced-over Colorado downhill, in the can, for now till everybody blows off marathon-session steam and regroups later...
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
I think glass has taken one to many viagras and is going blind

just think what that means for ugly girls!
 
Posted by glassman on :
 
the old peep hole in the belly button routine heh...
 
Posted by H2NRG on :
 
This thread's getting out of hand.
 
Posted by Purl Gurl on :
 
OH NO! Never out of hand, just ask Tex.

We are always very serious over here.
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
This thread's getting out of hand.

no, that's merely a graphic to demonstrate GLUV's progression from PR judo into SEC yoga...
 
Posted by cruz on :
 
ROFLMAO. Purl, it's good to have you back. [Smile]
 
Posted by Purl Gurl on :
 
Well, Cruz, not so sure about that.

If you saw my backside, I am sure you would NOT
think, "It is good..."
 
Posted by dishgal1 on :
 
Basically, it would seem they have 3 options.

1. Let the shares stand........then reverse split..we would end up with a very few shares in the new company. Maybe.

2. Reverse all trades.

3. Cover

For some of you more well informed traders, which would be the simplest option in your opinion?
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
OH NO! Never out of hand, just ask Tex.

We are always very serious over here.

wily! you fool! now the whole world knows about the progression from phone-xxx to blackberry-xxx...aaaagghhh
 
Posted by George on :
 
I am out of here for the weekend. I guess there will not be more to discuss until Tuesday, besides Purls backside. So I will catch you guys and girls next week. out.....
 
Posted by glassman on :
 
they can't let the shares stand...they don't exist..
 
Posted by dishgal1 on :
 
Okay then are there any other options?
I would think it would be very difficult to reverse all of the trades. Of course maybe not in the age of computers.

Any other options? I by no means know what I am talking about. LOL.......Just trying to use some common sense. I still have an awful lot to learn about this thing called the "trading game".
 
Posted by H2NRG on :
 
I thought the whole reason to buy in was to play the short squeeze--MOASS. It would be nice to see the covering end up as the result.
 
Posted by bdgee on :
 
Leave it to dish... to destroy the mood of the artistic amongst us and bring up business....
 
Posted by dishgal1 on :
 
I'm sorry. My nerves have settled a little and my brain waves are connecting again. I have been sleep deprived and giddy for a week ......I will shut up now.
This has truly been a roller coaster ride....LOL
Everyone have a great and safe weekend. Oh and be sure to get plenty of sleep.
 
Posted by bdgee on :
 
Don't you dare shut up. You are here for a reason....to bring focus and reason....and so we can poing at you to prove (or at least claim) this is not a "good ol' boys club"....
 
Posted by bdgee on :
 
Whatever "poinging" is.......
 
Posted by BuyTex on :
 
*** hive mind rests, considering how best to present single front attacking illegal activities and possible unconstitutional state amendaments ***
 
Posted by dishgal1 on :
 
bdgee....I appreciate that. I have learned a lot from this group but I have a lot more to learn. I am always a little overcautious. It does tend to break the mood. I watched this board for a year almost before I learned to trust. Been on too many others....that you can't trust. LOL
 
Posted by cruz on :
 
ROFLMAO. Your back side probably has your twin sister. Good or evil?

quote:
Originally posted by Purl Gurl:
Well, Cruz, not so sure about that.

If you saw my backside, I am sure you would NOT
think, "It is good..."


 
Posted by BuyTex on :
 
anybody with any froggy left, go check out that Ken Scordo guy on i-hub. prolly a snipe hunt, but I got a funny feeling about that guy...
 
Posted by Purl Gurl on :
 
To begin a wonderful stress free weekend
for all involved in this ongoing sitcom,

(not yet verified amendment, but what the hey..)

________________________________________________

To: info@royalpalmcgi.com

Subject: Your Media Magic Amendment

**

ATT: Gerald C. Parker
ATT: Robert W. Pearce

An amendment for two-hundred-fifty-trillion shares?

An amendment which is clearly retroactively dated?

Now that is a great joke! I am sure Steven Dryer
is enjoying a good legal laugh!

Thanks for all the humor. You boys are quite the
collection of clowns and, I am sure the investing
public will remember you for a long time to come.

Too darn funny. Again, thanks for your savvy
high level professional sense of humor.

I will never forget you and will make a point
to tell my friends of your entertaining antics!

Sincerely wishing you good luck with the SEC investigation,

Bozo the Clown
 
Posted by bdgee on :
 
Dish...., these are good people that can take pride in banding together to provide a haven from the trashy and often hateful attacks that seem to prevade most boards and prevent anyone from benefitting. Here there are people wise enough to understand that as a cooperating group each of us is a whale of a bunch stronger and better prepared than any of us would be alone. REach one adds to the whole And you are certainly a welcome part.
 
Posted by Triumph1902 on :
 
KENNETH SCORDO Born - Jul 1969
1647 CHAFFEE RD S JACKSONVILLE FL
Telephone # unlisted
 
Posted by H2NRG on :
 
I've read some of Ken Scordo's remarks on the IHUB TGL board, but I haven't yet figured out the connection to GVRP's woes. Can anyone summarize, plz?
 
Posted by BuyTex on :
 
quote:
Originally posted by Triumph1902:
KENNETH SCORDO Born - Jul 1969
1647 CHAFFEE RD S JACKSONVILLE FL
Telephone # unlisted

there ya go...stars for you, my man--what's the link to OCS? If yur, willing...if not I'll follow later, but right now I'm beat on DD...
Jacksonville, FLORIDA, you say???
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
I've read some of Ken Scordo's remarks on the IHUB TGL board, but I haven't yet figured out the connection to GVRP's woes. Can anyone summarize, plz?

shows up on i-hub, as broker for "OCS" which ties back into i-hub--from what I can tell--there's an "OCS" connection to posting the amendment specifics, may not be the same OCS. Anyway, then he gets banned (account suspended) by Matt, a mod, who flames him in suspension notice for "I'm trying to open a brokerage here..." AFTER he, scordo, flames "the other board" as a bunch of scammers for whom authorities (can't remember how he phrased it) will have no pity. some kind of basher play...anyway prolly no one but me is interested...I just got an ol' newsman hunch. sometimes intuition plays out, others--nothing there...
 
Posted by BuyTex on :
 
happy holiday yawl, i'm gonna go have some fun...
 
Posted by dishgal1 on :
 
BDGee...You are very sweet. Everyone has been very kind to me here and I am fairly new, however my son has been here for a while. LOL

He is the reason I started lurking in the first place. He was right about this place. A good place to share good DD and not try to take advantage of others.
 
Posted by Triumph1902 on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by Triumph1902:
KENNETH SCORDO Born - Jul 1969
1647 CHAFFEE RD S JACKSONVILLE FL
Telephone # unlisted

there ya go...stars for you, my man--what's the link to OCS? If yur, willing...if not I'll follow later, but right now I'm beat on DD...
Jacksonville, FLORIDA, you say???

lol, Just for fun I ran a search on utility bills came up with 2 Keneth Scordos, one in FL and one in Cali...I have no idea who person on ihub was. If you want the one in Cali let me know..
 
Posted by Triumph1902 on :
 
Thnx for the star btw, Been running kinda low on them ever since I had a lil argument with MOMO and his pals... [Big Grin]
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Okay then are there any other options?
I would think it would be very difficult to reverse all of the trades. Of course maybe not in the age of computers.

Any other options? I by no means know what I am talking about. LOL.......Just trying to use some common sense. I still have an awful lot to learn about this thing called the "trading game".

SEC is most likely unhappy with these people that recent filing won't stand. But I'd be a fool to guess their plans.
 
Posted by Purl Gurl on :
 
"...walking out the door, she turns, purses a
coy smile, bats her eyelashes, then winks at
her long friend, JustTheFaxMaam."

Coquette
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by H2NRG:
I've read some of Ken Scordo's remarks on the IHUB TGL board, but I haven't yet figured out the connection to GVRP's woes. Can anyone summarize, plz?

shows up on i-hub, as broker for "OCS" which ties back into i-hub--from what I can tell--there's an "OCS" connection to posting the amendment specifics, may not be the same OCS. Anyway, then he gets banned (account suspended) by Matt, a mod, who flames him in suspension notice for "I'm trying to open a brokerage here..." AFTER he, scordo, flames "the other board" as a bunch of scammers for whom authorities (can't remember how he phrased it) will have no pity. some kind of basher play...anyway prolly no one but me is interested...I just got an ol' newsman hunch. sometimes intuition plays out, others--nothing there...
why do you care about these people again.?
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
"...walking out the door, she turns, purses a
coy smile, bats her eyelashes, then winks at
her long friend, JustTheFaxMaam."

Coquette

I am reminded of my wife who also slams the door walking out the door after having given me the silent treatment all day.
 
Posted by dishgal1 on :
 
Just received email from Ameritrade:

Trading in GLUV Corporation (GVRP) was halted by the Securities and Exchange Commission (SEC) on May 27, 2005.

Due to this action taken by the SEC, Ameritrade has placed restrictions on accounts that recently held or hold this security. Until such time as a determination is made by the SEC, proceeds resulting from sales of GVRP will not be allowed to be withdrawn or used for an additional stock purchase.

We apologize for any inconvenience this may have caused and assure you that once a final determination regarding the status of GVRP is made by the SEC, your account will be updated accordingly.

If you have questions, please don't reply to this e-mail. Write to us after you've logged on to your account and selected "Contact Us” at the bottom of the home page. (For security reasons, we only provide account information via e-mail when your inquiry is sent from our secure Web site.) Or you can call an Ameritrade Client Services representative at 800-669-3900. We’re available 24 hours a day, seven days a week (excluding market holidays).

Sincerely,


Bryce Engel
Chief Brokerage Operations Officer
 
Posted by cruz on :
 
got this via email just a few minutes ago...


We are contacting you concerning a position currently or recently held in your account.

Trading in GLUV Corporation (GVRP) was halted by the Securities and Exchange Commission (SEC) on May 27, 2005.

Due to this action taken by the SEC, Ameritrade has placed restrictions on accounts that recently held or hold this security. Until such time as a determination is made by the SEC, proceeds resulting from sales of GVRP will not be allowed to be withdrawn or used for an additional stock purchase.

We apologize for any inconvenience this may have caused and assure you that once a final determination regarding the status of GVRP is made by the SEC, your account will be updated accordingly.

If you have questions, please don't reply to this e-mail. Write to us after you've logged on to your account and selected "Contact Us” at the bottom of the home page. (For security reasons, we only provide account information via e-mail when your inquiry is sent from our secure Web site.) Or you can call an Ameritrade Client Services representative at 800-669-3900. We’re available 24 hours a day, seven days a week (excluding market holidays).

Sincerely,


Chief Brokerage Operations Officer
Ameritrade
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
"...walking out the door, she turns, purses a
coy smile, bats her eyelashes, then winks at
her long friend, JustTheFaxMaam."

Coquette

Charlene?
 
Posted by bdgee on :
 
Yep, dish..., I too am new. But that only caused these people to go to extra effort to help. And you know what else is nice here? They actually know how to handle the english language and go to the effort to do so.
 
Posted by keithsan on :
 
images are now available on this site again FWIW
http://news.ocsecurities.com/
 
Posted by glassman on :
 
should be interesting to see what the SEC says about that....
 
Posted by BuyTex on :
 
anybody figgered the price on reams of paper?
 
Posted by glassman on :
 
i think it might bankrupt MSFT....
 
Posted by BuyTex on :
 
*********PR**********
GLUV exec announces, "I've reversed my HotWire order to fly to Cambodia, thus rescinding my previously reversed then finally accepted offer from CMBV to lead the competition in SE Asia against certain diamond interests in the US (which shall remain un-named due to SEC regulations--and you know how I am about those wacky SEC guys: GOTTA love em). As Mr T says: "I pity the fool" who goes against DigiDiamonds...
 
Posted by Trader88 on :
 
Here is an angle to think about, might not be true, just an angle:

1) Sunday May 22: GLUV issues press release asking for trading halt.

2) SEC has basically all week to halt trading, but does not because they look into the company and realize their dealings are not exactly kosher. (SEC is on our side)

3) May 25: GLUV decides to file amendment to increase authorized because they are getting nowhere with their requests to the SEC, and take this "last ditch effort" to try and save everything.

4) SEC halts trading of GLUV on May 27 when they hear about GLUV filing to increase auth., which might not be legal.

Any comments??
 
Posted by BuyTex on :
 
possible, but would require more or less "direct line" from Fla statehouse to SEC, which seems to me personally a bit farfetched. More likely, imo, SEC suspension has been building since last Friday, when we started calling. The volume on Monday would've been a big finger on the trigger...They've been watching and in the meantime the GLUV SLAM-BANG-THEATRE gangsters ran down and filed this last desperate attempt because by then it seemed the ONLY THING TO DO--ooo mommy!--because they cun get any reg help. HEY I ROBBED YOUR BANK, but since my getaway driver has a migraine, could I borrow your car?
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
possible, but would require more or less "direct line" from Fla statehouse to SEC, which seems to me personally a bit farfetched. More likely, imo, SEC suspension has been building since last Friday, when we started calling. The volume on Monday would've been a big finger on the trigger...They've been watching and in the meantime the GLUV SLAM-BANG-THEATRE gangsters ran down and filed this last desperate attempt because by then it seemed the ONLY THING TO DO--ooo mommy!--because they cun get any reg help. HEY I ROBBED YOUR BANK, but since my getaway driver has a migraine, could I borrow your car?

IMO this authorized shrare increase is a good sign for us. Suggests the Co. is desperate. The SEC would not have suggested they do that at this early juncture while the investigation is still ongoing. I mean, the SEC hasn't even reviewed all the evidence yet! The Co. had to have done this "increase auth" on their own. We may end up being OK here. Only time will tell, but there are so many angles on this thing there's no way to know for sure.
 
Posted by Trader88 on :
 
Another thing to think about that kind of proves my point:

If they are asking for the SEC to "unwind" everything, why bother filing for increase auth???????? Must be that the Co. didn't get their unwinding wish.
 
Posted by glassman on :
 
http://www.shareholderproposals.com/Chapter26.html

i have found a site that MIGHT be some help to us shareholders.... just found it so maybe it isn't...but more eyes are always better....
 
Posted by BuyTex on :
 
the hang-up for glossing over is STILL the "due bills"--we bought em w-aaaaaa-yyyy fair n square.
It's like when a bully shows up and you warn him, "Dude, don f w me." Then he goes ahead and punches, and you knock his a$$ out. How's he gonna prosecute for assault? They were warned, the TA was notified, we been calling reg agencies...JEEZ if were running a scam, we'd justa been quiet!
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
the hang-up for glossing over is STILL the "due bills"--we bought em w-aaaaaa-yyyy fair n square.
It's like when a bully shows up and you warn him, "Dude, don f w me." Then he goes ahead and punches, and you knock his a$$ out. How's he gonna prosecute for assault? They were warned, the TA was notified, we been calling reg agencies...JEEZ if were running a scam, we'd justa been quiet!

Great bully analogy, TEX. That's pretty much what happened.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Another thing to think about that kind of proves my point:

If they are asking for the SEC to "unwind" everything, why bother filing for increase auth???????? Must be that the Co. didn't get their unwinding wish.

you missed some chit--that's what i was saying about "greasing both sides of the griddle." Dude, they'r cooking themselves either way! Now--listen to Glassman
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
http://www.shareholderproposals.com/Chapter26.html

i have found a site that MIGHT be some help to us shareholders.... just found it so maybe it isn't...but more eyes are always better....

haven't ckd it yet, but i will...
 
Posted by Trader88 on :
 
Yeah, I haven't been around TEX, I figured you guys must have thought of this already, it's actually pretty obvious. Clearly, they aren't getting much help from their "reaching out" to the SEC plan. My first reaction when I heard about the halt was "oh no, we're finished". Now , I've had the time to digest everything, I feel exactly the opposite.
 
Posted by BuyTex on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by glassman:
http://www.shareholderproposals.com/Chapter26.html

i have found a site that MIGHT be some help to us shareholders.... just found it so maybe it isn't...but more eyes are always better....

haven't ckd it yet, but i will...
glass, thats a bunch o stuff, direction?
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Yeah, I haven't been around TEX, I figured you guys must have thought of this already, it's actually pretty obvious. Clearly, they aren't getting much help from their "reaching out" to the SEC plan. My first reaction when I heard about the halt was "oh no, we're finished". Now , I've had the time to digest everything, I feel exactly the opposite.

lol, imo, quit feeling "exaxtly" one way or the other. If you signed on to rodeo, let's rodeo...it's never clear when you're in the middle of the storm--quit or don't, if you catch my drift
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by Trader88:
Yeah, I haven't been around TEX, I figured you guys must have thought of this already, it's actually pretty obvious. Clearly, they aren't getting much help from their "reaching out" to the SEC plan. My first reaction when I heard about the halt was "oh no, we're finished". Now , I've had the time to digest everything, I feel exactly the opposite.

lol, imo, quit feeling "exaxtly" one way or the other. If you signed on to rodeo, let's rodeo...it's never clear when you're in the middle of the storm--quit or don't, if you catch my drift
The halt just caught me off guard for a second, I'm still rodeo-ing!
 
Posted by BuyTex on :
 
in fact, if I may be so bold, quit "feeling"...first rule, never marry a stock. Take care, very good care of your wife/mate/girlfriend, but never marry a stock. That said, I'm also Ranger Terriffic against NSS...capital = a way to leverage $$$ for your emotional benefeciaries...no?
 
Posted by Trader88 on :
 
Thanks for the pointers, Tex. I will file for divorce from GLUV when this is over and never look back.
 
Posted by BuyTex on :
 
hey, if all this chit were easy, they'd have kids out here...that's why we got leaders like we do...keithzeus found this and has never abandoned us, unlike pumpndump schemers...and for most peeps' carnival-ticket prices, what an education. This one ride makes you a +++++ better trader for less than I've lost on supposedly "sure deals."
 
Posted by elitedb on :
 
Guys, looking at the pictures of the fla filing they dated the authorized shares effective 5/20. Why? Because note they certify they had shareholder authoriztion to do so, apparently a fla statute requirement. BUT, they issue a press release about unauthorized shares trading and demand a halt to trading on Sunday. According to them and their filing, the shares were authorized unless more than 250 trillion are floating around. So one would assume on Sunday they had not yet authorized the shares.

After Friday, 5/20, they no longer owned the company and could not possibly have received shareholder approval. Heck, no one knows how many and who the shareholders are right now.

So they back date the amendment. I doubt that holds up to scrutiny for longer than it takes me to type this response. Their own press release cuts it down. On its face they are attempting to cover their butts. I would love to see the minutes of last Fridays shareholder meeting authorizing the new shares. Obviously no one remembered the meeting until Wed.

If the SEC protects them over the shareholders (that being us) something is rotten in denmark. One gets the feeling that they must not have believed on Wed that the SEC was going to rewind the problem or why else take such a blatant step which has fraud written all over it.

So what has changed since Wed. Could the SEC realize that the naked shorting problem which they refuse to acknowledge now has a new poster child?

If the SEC rewinds watch the lawsuits fly. They have never let me rewind my bad trades and recoup my lost money. If they want to rewind they can fix the problems vis-a-vis the outstanding/authorized shares. But they cannot make the new and current shareholders whole this way. Somebody has damaged the shareholders (US) if they rewind us out of our shares since they took our potential profits on our good deal in the market. Maybe we should rewind all trades when the MM's walk a stock down and shake out the profits only to sell the shares back later when they let the stock re-find its true market value.

This is far from over and I doubt that a rewind protects them from damages. The company and TA still have major liability issues.

Allowing the newly minted shares to live and trade actually allows trading to continue, removes the stigma of naked shorting and money to be made through trading.

So which is worse? Turning a blind eye to an obvious fraud so that trading may continue and naked shorts do not exist or rewinding back a couple of weeks and facing the years of litigation. Actually, the more I read and think years of litigation seems inevitable. Lawyers are sharpening their knives as we speak.

Probally see the TV commercials soon. Screwed by GVRP contact us at 1-888-SUEGVRP. They will run right between the ab machine ad and the solicitations for asbestos cases. LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Thanks for the pointers, Tex. I will file for divorce from GLUV when this is over and never look back.

just reviewing the thread: "file for divorce" at your leisure, but get emotionally detached ASAP.
 
Posted by Trader88 on :
 
quote:
Originally posted by elitedb:
Guys, looking at the pictures of the fla filing they dated the authorized shares effective 5/20. Why? Because note they certify they had shareholder authoriztion to do so, apparently a fla statute requirement. BUT, they issue a press release about unauthorized shares trading and demand a halt to trading on Sunday. According to them and their filing, the shares were authorized unless more than 250 trillion are floating around. So one would assume on Sunday they had not yet authorized the shares.

After Friday, 5/20, they no longer owned the company and could not possibly have received shareholder approval. Heck, no one knows how many and who the shareholders are right now.

So they back date the amendment. I doubt that holds up to scrutiny for longer than it takes me to type this response. Their own press release cuts it down. On its face they are attempting to cover their butts. I would love to see the minutes of last Fridays shareholder meeting authorizing the new shares. Obviously no one remembered the meeting until Wed.

If the SEC protects them over the shareholders (that being us) something is rotten in denmark. One gets the feeling that they must not have believed on Wed that the SEC was going to rewind the problem or why else take such a blatant step which has fraud written all over it.

So what has changed since Wed. Could the SEC realize that the naked shorting problem which they refuse to acknowledge now has a new poster child?

If the SEC rewinds watch the lawsuits fly. They have never let me rewind my bad trades and recoup my lost money. If they want to rewind they can fix the problems vis-a-vis the outstanding/authorized shares. But they cannot make the new and current shareholders whole this way. Somebody has damaged the shareholders (US) if they rewind us out of our shares since they took our potential profits on our good deal in the market. Maybe we should rewind all trades when the MM's walk a stock down and shake out the profits only to sell the shares back later when they let the stock re-find its true market value.

This is far from over and I doubt that a rewind protects them from damages. The company and TA still have major liability issues.

Allowing the newly minted shares to live and trade actually allows trading to continue, removes the stigma of naked shorting and money to be made through trading.

So which is worse? Turning a blind eye to an obvious fraud so that trading may continue and naked shorts do not exist or rewinding back a couple of weeks and facing the years of litigation. Actually, the more I read and think years of litigation seems inevitable. Lawyers are sharpening their knives as we speak.

Probally see the TV commercials soon. Screwed by GVRP contact us at 1-888-SUEGVRP. They will run right between the ab machine ad and the solicitations for asbestos cases. LOL

What can be gleaned from this week, bottom line: 1) Co. is in desperation mode.
2) With the actions the Co. has taken this week, more than likely SEC is frowning upon them and their position of the facts.
 
Posted by BuyTex on :
 
ALSO, elite, we on this board have NOT verified the amendment; no one here has gone to the statehouse and pulled paper copy...a lot of this reaction is only Net/chat room reaction...it looks authentic, but how do you REALLY know who's who? >>> agenda, etc?
 
Posted by Trader88 on :
 
Apparently, the IHUB moderator physically went there and got it. Don't know who he is, or how credible, but it certainly LOOKs authentic. Someone else close to Talahassee needs to go there and verify. Sorry, I'm way too far.
 
Posted by BuyTex on :
 
trader, get on the coors train!!---let it go for now.....we're sloshing margaritas on the floor over here...see you guys sunday latest, maybe tomorrow====whoooooooo hooooooo lobe y'allllll what a great group....
 
Posted by H2NRG on :
 
One thought--perhaps the 250 trillion A/S is to allow for trades to be busted all the way back through the reverse split. If the assumption is determined that post-forward split the O/S is 99 trillion, then pre-F/S it would be 33 million, and pre-R/S, 33million x 6.5 million, or 214.5 trillion shares. Perhaps they did this A/S increase in hopes that the SEC/NASD would allow them to have not violated their A/S anywhere along the way. Of course, we know that the A/S is actually 100 million per the documents publicly on file at http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=, and the O/S was actually 33 million post-FS, but maybe they're hoping for some kind of miracle that will help lessen the pain for them.
 
Posted by H2NRG on :
 
The 5/25 amendment should be posted at the sunbiz.org site probably Tuesday next week, based on the typical timing between filing date and posting date--2 to 3 days, from what I've seen. I believe what has been posted by Matt of IHUB is legit. Looks like the others I've downloaded (5/17 and 5/10 docs). Whether or not it's legit won't influence trading for a while anyhow, so it's kinda moot at the moment. We'll get to see for sure next week.
 
Posted by Trader88 on :
 
H2NRG, I sense their desperation.
Tex, right on, time to get outta here and let this rest. It's out of our hands for a couple weeks. Time to take a well earned vacation from all this. I'm out for now, will check back in next week or the week after.
 
Posted by jps72 on :
 
Wife found this at SEC website in regards to GLUV susp. I did'nt see it posted here prev. Anyone have any "information which may relate to this matter...."

If any broker dealer or other person has any information which may
relate to this matter, Joseph J. Cella in the Office of Market
Surveillance of the Securities and Exchange Commission should be
telephoned at (202) 551-4951. (Rel. 34-51750)
http://www.sec.gov/news/digest/dig052705.txt
 
Posted by jps72 on :
 
Issue 2005-102 May 27, 2005



COMMISSION ANNOUNCEMENTS


TEMPORARY SUSPENSION OF TRADING OF THE SECURITIES OF GLUV CORP

The Commission announced the temporary suspension, pursuant to Section
12(k) of the Securities Exchange Act of 1934 (Exchange Act), of trading
of the securities of Gluv Corp (Gluv), of West Palm Beach, Florida at
9:30 a.m. EDT on May 27, 2005, and terminating at 11:59 p.m. EDT on June
10, 2005.

The Commission temporarily suspended trading in the securities of Gluv
because of questions that have been raised about the accuracy and
adequacy of publicly disseminated information concerning, among other
things, 1) number of shares outstanding for the company, 2) the
availability of non-restricted shares for trading and delivery, 3) the
current shareholders of the company, and 4) the rights attached to
ownership of these shares. Gluv is quoted on the Pink Sheets under the
ticker symbol GVRP.

The Commission cautions broker dealers, shareholders, and prospective
purchasers that they should carefully consider the foregoing information
along with all other currently available information and any information
subsequently issued by the company.

Further, brokers and dealers should be alert to the fact that, pursuant
to Rule 15c2-11 under the Exchange Act, at the termination of the
trading suspension, no quotation may be entered unless and until they
have strictly complied with all of the provisions of the rule, including
15c2-11(a)(5). If a broker or dealer has any questions as to whether or
not he has complied with the rule, he should not enter any quotation but
immediately contact the staff of the Securities and Exchange Commission
in Washington, D.C. If any broker or dealer is uncertain as to what is
required by Rule 15c2-11, he should refrain from entering quotations
relating to Gluv’s securities until such time as he has familiarized
himself with the rule and is certain that all of its provisions have
been met. If any broker or dealer enters any quotation which is in
violation of the rule, the Commission will consider the need for prompt
enforcement action.

If any broker dealer or other person has any information which may
relate to this matter, Joseph J. Cella in the Office of Market
Surveillance of the Securities and Exchange Commission should be
telephoned at (202) 551-4951. (Rel. 34-51750)

this was the whole article that the calls should directed....iam the wife and have been reading thi as an interesting novel am computer illeterate anstock clueless what a fun and educational read....good luck mary
 
Posted by Ktrain420 on :
 
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....
 
Posted by cruz on :
 
quote:
Originally posted by Ktrain420:
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....


 
Posted by cruz on :
 
ktrain - we were buying for the 3,000,000 - 1 f/s stock dividend.
 
Posted by elitedb on :
 
quote:
Originally posted by Ktrain420:
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....

Some of us played it both ways. I sold some I bought at $2.15 for $8.00 and held the rest as a lotto ticket. I have doubled my original investment (actually quadrupled since the proceeds bought PLNI) and still hold a lotto ticket. I doubt that anybody overextended themselves on this play, at least not on this board. All in all I consider this a pretty good play and the education, excitement and comraderie from this play was certainly worth the price of admission.
 
Posted by JustTheFaxMaam on :
 
elitedb, someone finally summed it up! This thread is like the line at 7-11 waiting for their lotto tickets when the pot is up to $60-mill. The anticipation of the "big hit" is far better then the reality that "when it looks too good...". Dreaming is a beautiful thing and I don't want to diminish it's value when cultivating creative minds, but come on...is a 5k investment (trader88) really gonna yield $6 mill, or did anyone really believe a stock which post F/S was trading at .0001 equating to $300 pre-split and purchased at $2-8 was gonna hold up?

I do admire the comraderie of the room and I especially admire the ability to dream big!
 
Posted by BuyTex on :
 
JFM,
what was your position in GLUV?
what about scordo?
who's your favorite band?
Since you're in Fla, can you get a copy of the may 25 amendment?
 
Posted by Ktrain420 on :
 
this was a GREAT call by Keith no matter how ya played it .......i pulled about 700% on it and i'll tell ya i can't complain bout that ........LOL.......nice call Keith......i don't like to hold these thing's, but i don't play the lottery either........GL
 
Posted by Dustoff101 on :
 
...I have one comment..... WOW!
 
Posted by cruz on :
 
remember - your pre-split shares traded are under investigation as well. am i correct?
 
Posted by pcloadletter on :
 
You are correct.
 
Posted by keithsan on :
 
company is under investigation. so everything is.
 
Posted by pcloadletter on :
 
The small sale in my Wells Fargo account has supposedly cleared. The money is listed as usable. I think that I will wait to use it though.
 
Posted by cruz on :
 
at least for ameritrade users. they sent out an email of trading halt as well as any funds used in buying and selling are locked up.
 
Posted by pcloadletter on :
 
I even recieved a letter from Wells verifying the shares were in my account. This could all be reversed of course.

Trading Direct refuses to issue my shares until outcome is known. For my protection of course.
 
Posted by cruz on :
 
now we need somebody on the inside of the sec and NASD to give us updates. the next two weeks are going to be dead with no trading or news.
 
Posted by pcloadletter on :
 
OK, now a good team has been assembled.

We all work well together. GVRP is dead until a ruling/solution is issued.

Lets focus on making money. Three days is enough time to find some hot stocks for a 4 day trading week.
 
Posted by elitedb on :
 
quote:
Originally posted by pcloadletter:
OK, now a good team has been assembled.

We all work well together. GVRP is dead until a ruling/solution is issued.

Lets focus on making money. Three days is enough time to find some hot stocks for a 4 day trading week.

A great bit of advice. The die is cast on GVRP for the time being. It will be weeks before we know what the next step will be so we all might as well find the next profit making catch. Glta
 
Posted by dishgal1 on :
 
Our local news carried an item on a company called Blastgard....BLGA.ob..........might be worth some DD....pretty impressive....have been caught up in GVRP and haven't Dd'd it yet.

Link to an article, but you should have seen the testing on our local news. Article is very long so I'm only including link....we might want to start a thread if we like what we find.
Good luck
 
Posted by dishgal1 on :
 
Another link to website....on the news .....they blew up a car, and other items.....without actually seeing it you might think this is rinky dink....you can read about products on this link...
http://www.blastgard.net/legal.asp
 
Posted by pcloadletter on :
 
I will look into BLGA.

Here are some other interesting filings:
(Note: verify at http://www.otcbb.com/asp/dividend.asp)


[Smile] FPBS - 1st Pacific Bank of California (San Diego, CA) Common Stock

Declaration Date:

-- Ex Date:07/01/2005
Record Date:06/15/2005
Payment Date:06/30/2005

Dividend Type:
Stock Dividend or Split Dividend Amount:
2-1 stk
Notes:

Due Bill Redeemable Date: 07/06/2005
Trading at $24

[Smile] CPPT - CompuPrint, Inc. Common Stock

Declaration Date:

-- Ex Date:06/01/2005
Record Date:05/26/2005
Payment Date:05/31/2005

Dividend Type:
Stock Dividend or Split Dividend Amount:
4.36212-1 stk
Notes:

Due Bill Redeemable Date: 06/03/2005
Trading at $3

[Smile] SBGX - Stonebridge Resources Explorations Ltd Common Stock

Declaration Date:

-- Ex Date:06/16/2005
Record Date:06/10/2005
Payment Date:06/15/2005

Dividend Type:
Stock Dividend or Split Dividend Amount:
8-1 stk
Notes:

Due Bill Redeemable Date: 06/20/2005
Trading at .36

[Smile] FLNA - FuelNation, Inc. Common Stock

Declaration Date:

-- Ex Date:06/20/2005
Record Date:06/03/2005
Payment Date:06/17/2005

Dividend Type:
Stock Dividend or Split Dividend Amount:
10-1 stk
Notes:

Due Bill Redeemable Date: 06/22/2005
Trading at $3

[ May 28, 2005, 11:00: Message edited by: pcloadletter ]
 
Posted by glassman on :
 
OK, doing some more reading on where these pre-split shares came from....

thought this was interesting...

Interwest Transfer Co., Inc. is protected from burglary, fire and smoke by Honeywell Protection Services. Our office is three minutes from the Salt Lake County Sheriff's substation and Salt Lake County fire station.

All shareholder records are strictly confidential, and are available only to those persons designated by each of our clients.

Unissued stock certificates are kept secure and carefully monitored in our vault.

Back-up computer tapes are stored away from our office in a secure location to guarantee the safety of your shareholders information. In addition, a hard copy is maintained in our office to prevent any changes or alteration.

Receipt of stock certificates presented for transfer. Review of endorsements, check signature guarantees, cancellation of the old certificates and issuance of new certificates as instructed.

Maintain and update shareholder records.

Process "stop transfer" orders on lost or stolen securities. Maintain the file and follow through to conclusion, replacement or recovery. File all forms with the Securities Information Center. In most cases help with obtaining the required bond for replacement.

 
Posted by Purl Gurl on :
 
As you know, I have been sending email to a
variety of regulatory bodies and, making a
good number of phone calls to regulatory
bodies, including SEC attorneys.

I am currently working on tracking down a
Steven Dreyer, attorney for GLUV / Media Magic.

Please join me in continuing to apply pressure
with a hope that pressure will lead to decisions
which will favor our vested interests.

**

To: secretaryofstate@dos.state.fl.us
To: DivCorp@dos.state.fl.us
CC: enforcement@sec.gov

**
Subject: Falsified Documents Filed
**

Florida Department Of State
ATT: Glenda E. Hood
ATT: Division Of Corporations

Good Day,

I am writing to express concerns about a document
filed and recorded which appears to be falsified,
in my personal opinion.

Document filing information is,

Title: Articles Of Amendment
Filed: May 25 2005 9:29 AM
Filer: Media Magic Inc by Robert W. Pearce
Office: Secretary Of State, Tallahassee, Florida

My concern is Robert W. Pearce indicates, within that
document, a shareholder vote was held and that filing
was approved by shareholders. However, no shareholder
vote was effected.

I hold hundreds of millions of shares in the company,
many other shareholders hold hundreds of millions of
shares in the company. None of us were notified of a
shareholder vote. None of us were allowed to vote.

Nonetheless, Robert W. Pearce indicates a shareholder
vote was taken and that amendment was approved by a
majority of shareholders.

You will note that amendment authorizes common shares
in the amount of two-hundred-fifty-trillion shares.
Yes, trillions of shares. My concern is an attempt
will be made by Robert W. Pearce to defraud those
owning shares by flooding the market with shares,
then later effecting a reverse split to reduce
shareholder's stock holdings to zero.

He very recently performed a similar action to
remove shareholders, followed by a company name
change. All shareholders lost their money.

On Friday, May 27, 2005, the SEC imposed a trading
suspension for GVRP stock, which is GLUV Corporation
now known as Media Magic through a name change filed
with your office recently.

The SEC cites support for their trading suspension,

"The Commission temporarily suspended trading in the
securities of Gluv because of questions that have been
raised about the accuracy and adequacy of publicly
disseminated information concerning, among other things,

1) number of shares outstanding for the company,
2) the availability of non-restricted shares for trading and delivery,
3) the current shareholders of the company, and
4) the rights attached to ownership of these shares.

Gluv is quoted on the Pink Sheets under the ticker symbol GVRP."

My primary concern and opinion is Robert W. Pearce, CEO of
Media Magic, is attempting to defraud investors using that
filed amemdment which appears to be falsified.

Again, he indicates a shareholder vote was effected. No
shareholders were notified nor allowed to vote.

I urge you to investigate actions taken by Media Magic
and Robert W. Pearce to protect the investing public.

You are charged with protecting the public. Please do so.

Contact Information For Robert W. Pearce,

Royal Palm Capital Group, Inc.
625 North Flagler Drive, Suite 605
West Palm Beach, Florida 33401

phone: +1-561-820-2444
fax: +1-561-820-9913
email: info@royalpalmcgi.com

Best regards,

Bozo The Clown

cc: enforcement@sec.gov
 
Posted by BuyTex on :
 
i saw that, but never saw anything about insurance...
 
Posted by BuyTex on :
 
Also got a link to the Florida statutes; the board of directors CAN adjust par value, a/s, etc w/o shareholder involvment...

607.10025 Shares; combination or division

http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Search_String=&URL=CH0607/Sec10025.HTM
 
Posted by BuyTex on :
 
quote:
Originally posted by BuyTex:
i saw that, but never saw anything about insurance...

this was to glass's post re Interwest...
 
Posted by elitedb on :
 
This provision of the statutes could not have been used for the original reduction down to 11 shares since cash payments were used. Lets not forget the CEO certified that the new authorization for shares was made by shareholder approval. I never approved, did any of you? LOL

Also, the ONLY way we will ever know the policy limits of any insurance policy is if the liability is so great they are prepared to write a check for the entire limits and so offer them in an effort to settle and avoid further liability. Then and only then will they offer the policy declaration page for examination to spur a settlement.
 
Posted by Purl Gurl on :
 
* spits out a day old horn toad head *

Tex! You are doing good homework.

Read section 2(c) and 4(c) at your link site.

I have been all over those various sites, this
morning, looking for whatever can used for our
benefit and financial greed.

Calamity Jane
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
i saw that, but never saw anything about insurance...

no, but i don't tell people my insurance specifications(cuz it's dumb) [Big Grin]

more specifically, one could deduce that the transfer company simply follows instructions...

on the other hand? they are experts, providing consulting to their customers.....

my gut instincts? from everything i've read about this and other cases involving suspicous dilution is that MM's are not the real problem either....
MM's simply make the trades and i would assume that they are accepting the shares traded at face value....

the SHO list is real, naked shorting is real, WHO is doing it?
 
Posted by glassman on :
 
yes TEX, they can, and that IS a 2004 staute?

who's the SOB that signed it...and who wrote it?

(2) Unless the articles of incorporation provide otherwise, a division or combination may be effected solely by the action of the board of directors. In effecting a share combination or division, the board shall have authority to amend the articles

the articles of incorporation may not allow it, that would explain why the term "shareholders meeting" was used in this "so-called" amendment..
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
i saw that, but never saw anything about insurance...

no, but i don't tell people my insurance specifications(cuz it's dumb) [Big Grin]

more specifically, one could deduce that the transfer company simply follows instructions...

on the other hand? they are experts, providing consulting to their customers.....

my gut instincts? from everything i've read about this and other cases involving suspicous dilution is that MM's are not the real problem either....
MM's simply make the trades and i would assume that they are accepting the shares traded at face value....

the SHO list is real, naked shorting is real, WHO is doing it?

re: consulting, etc
as part of their professional services, they *should* carry Errors & Ommissions insurance, and several (many? most?) TAs do so, but SEC is "considering" making it a requirement...
 
Posted by Purl Gurl on :
 
Decades back, more that I care to admit, while
working our fields, shoveling and turning soil
right along behind grandpa plowing behind a mule,
I accidently cut a horn toad's head in two, but
he remained alive.

Crying, I grabbed that horn toad up, ran to our
farmhouse to seek help from grandma.

She carefully washed that horn toad's head then
proceeded to sew his head back together. Most
loving, there was little grandma would not do
to comfort the children of our farm.

Horn toad didn't make it, but grandma did stitch
a bit more love for her, in my heart. Today,
although grandma is gone, my love for her is
a large comforting hand stitched quilt, her
quilt of love given to all us kids.

Purl Gurl
 
Posted by keithsan on :
 
I am in the middle of an indepth compelation of facts etc....Including dates, as well as refrencig various articles regulations etc...Trying to keep it to a couple pages. When finished my buddy who works for one of my state senators will be passing it around to those interested/ in the field and related lobbyists.

Anyone wanting a copy let me know, it'll probably be to long to post. Hopefully I'm finished by monday, Its finally not raining here so I will be spending time on the yard. Also just waisted 2 hours of my life watching madagascar....

due to this, I probably won't be chasing any new leads this weekend. Purl I may also be hunting down the company lawyer. My assumption was he was in FLA cuz the company is there, you found him in N.Y. I will try to search the state bars and see where he's out of. It should matter.
 
Posted by glassman on :
 
To laugh often and much, to win the respect of intelligent people,
and the affection of children,
to earn the apprecition of honest critics and to endure the betrayal of false freinds,
to appreciate beauty.
to find the best in all people,
to leave the world a little better,
whether by a social condition,
or a garden patch or a healthy child,
to know even one life has breathed easier because you live
this is to have succeeded.

attributed (probably erroneously) to emerson

[ May 28, 2005, 12:55: Message edited by: glassman ]
 
Posted by elitedb on :
 
quote:
Originally posted by BuyTex:
Also got a link to the Florida statutes; the board of directors CAN adjust par value, a/s, etc w/o shareholder involvment...

607.10025 Shares; combination or division

http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Search_String=&URL=CH0607/Sec10025.HTM

I can see the defense here already. This statute only applies to corporations with more than 35 shareholders (section 8). They will claim with only 11 shares of stock outstanding they had less than the operative number of shreholders.

Makes their PR and backdating still look very suspicious.
 
Posted by Purl Gurl on :
 
I wrote to that Steven Dreyer in New York asking
if he is legal counsel for GLUV.

Probably won't have a response until next week.

I have no clue, for now, what I may write to him.

My objective is to elicit responses from various
people with a hope of a garner of valuable info
before all relize they need to gag themselves.
 
Posted by BuyTex on :
 
Per Wily Calamity's suggestion, am providing relevant clauses, which show yet another goof by the Car-Crash Gang; (2-c) and (4-c)

2)Unless the articles of incorporation provide otherwise, a division or combination may be effected solely by the action of the board of directors. In effecting a share combination or division, the board shall have authority to amend the articles to:

(a) Increase or decrease the par value of shares;

(b) Increase or decrease the number of authorized shares; or

(c) Make any other changes necessary or appropriate to assure that the rights or preferences of each holder of outstanding shares of all classes and series will not be adversely affected by the combination or division.

[ deleted by moi ]

4) If a division or combination is effected by a board action without shareholder approval and includes an amendment to the articles of incorporation, there shall be executed in accordance with s. 607.0120 on behalf of the corporation and filed in the office of the Department of State articles of amendment which shall set forth:

(a) The name of the corporation.

(b) The date of adoption by the board of directors of the resolution approving the division or combination.

(c) That the amendment to the articles of incorporation does not adversely affect the rights or preferences of the holders of outstanding shares of any class or series and does not result in the percentage of authorized shares that remain unissued after the division or combination exceeding the percentage of authorized shares that were unissued before the division or combination.

[ it continues ]
 
Posted by BuyTex on :
 
quote:
Originally posted by elitedb:
quote:
Originally posted by BuyTex:
Also got a link to the Florida statutes; the board of directors CAN adjust par value, a/s, etc w/o shareholder involvment...

607.10025 Shares; combination or division

http://www.leg.state.fl.us/statutes/index.cfm?mode=View%20Statutes&SubMenu=1&App_mode=Display_Statute&Search_String=&URL=CH0607/Sec10025.HTM

I can see the defense here already. This statute only applies to corporations with more than 35 shareholders (section 8). They will claim with only 11 shares of stock outstanding they had less than the operative number of shreholders.

Makes their PR and backdating still look very suspicious.

I'm not convinced they backdated--the BOD meeting was May 20; it got stamped May 25--walked over, registered mail?

re 11 shares: Won't they have a hard time convincing anybody there was only 11 shares os by May 20?
 
Posted by pcloadletter on :
 
many bought on 18th and 19th
 
Posted by Purl Gurl on :
 
Glassman, our grandma could not read nor write.

Older kids in our farm family, read letters to
her, and wrote letters for her.

She up and asked one the older kids to write a
letter to the Harlem Globe Trotters, asking them
to come our tiny hometown to perform.

They did!

I can no longer remember when the Globe Trotters
came to town, being only five or six at the time,
but I sure remember a lot of folks laughing and
having a good time, Choctaw, blacks and whites
alike, all enjoying time out from farm labor.

When grandma died, our local school closed and
her funeral was held in our school auditorium
to make room for some many paying respects.

She lives on in the hearts of hundreds.

Of interest, grandma quickly and painlessly
died while churning milk in her kitchen. She
was found simply sitting in her favorite
kitchen chair, still holding the churn handle.

She died doing what she enjoyed the most;
taking care of her family.

God smiled upon her.

Purl Gurl
 
Posted by glassman on :
 
OK, one of the things that i have already posted, but you have to go way back to find, is that i called the transfer agent at 13:30 ET on FRi. May 20th...

within a few minutes after my call the PPS took off.. ithink they wer trying "recover" as many shares as they could, and i offered them a few at 10$. they took 'em.....
it's all documenteed here....

IMO?the transfer agent FINALLY realised what i was saying to them when i simply asked....

"Why is the ex-dividend date so long after the record date?"
 
Posted by Purl Gurl on :
 
When I die, I have no doubt I will do so as a
result of slowly being eaten alive by fire ants.

Lucifer will smile upon me!
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
OK, one of the things that i have already posted, but you have to go way back to find, is that i called the transfer agent at 13:30 ET on FRi. May 20th...

within a few minutes after my call the PPS took off.. ithink they wer trying "recover as many shares as they coudl, and i ooffered them a few at 10$. they took 'em.....
it's all documenteed here....

IMO?the transfer agent FINALLY realised what i was saying to them when i simply asked....

"Why is the ex-dividend date so long after the record date?"

I also had a pre phone call in to this when I also told them they were wrong on the date, also had an attempted talk with secretary at company who was obviously p.o'd (probably a bunch of calls) I didn't bother with the company again, but I did bother the TA after I had my shares and this time she wasn't talking. paraphrase "we are no longer to speak about the company" wish I would've quoted it. (wish i had both answers recorded actually or in writing but i don't)

I don't know what my buddy at the state house can do, but I know he can put it in the right hands and say this is from the senators office, he is concerned [Smile]
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
When I die, I have no doubt I will do so as a
result of slowly being eaten alive by fire ants.

Lucifer will smile upon me!

screwworm flies... Lucifer's favorite pet... google 'em.... contraindication:the pix are considered to be an effective emetic
 
Posted by Purl Gurl on :
 
I remember those flies. They make a sore about the
size of a dime on a cow's back and sides, where
the cow's tail could not swish.

We cleaned those wounds with a pocket knife, then
grandpa would pour coal oil on the wound, just as
he did for wounds we kids suffered!

"Bangs" are the prevailing problem with cattle.
That is a fungal infection in hooves from being
on wet ground all the time. Bangs can cripple
a cow.

Ticks and chiggers were worse. Blood sucking
bugs from Hades, indeed!

We were told to use a burning match to remove
ticks, to make them let go and back out, told
to never pull them out cuz the head would remain.

An aunt quipped,

"Well, now, if I used a match, I'd start a brush fire."

Didn't understand what she meant until years later.
 
Posted by cruz on :
 
boy are we busy here saturday. i have a couple of lawyers in the family who maybe able to track down this dreyer lawyer. i would think they would have access to a directory of registered lawyers.
 
Posted by glassman on :
 
i've been reading that Fla. law a little further..it's not exakly clear to me whether they do have the right to amend the articles without shareholder aproval..

so maybe they were just buying themselves a halt to the trading...

brush fire.....hmmmmm.....sounds painful [Big Grin]

gonna go check out some people who claim to have "paid their dues" for a few hours. we'll see if they have or not...the blues don't come easy...
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
When I die, I have no doubt I will do so as a
result of slowly being eaten alive by fire ants.

Lucifer will smile upon me!

Fire ants: OUCH.

I hate them damn things.

It seems like lucifer already is smiling upon you.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:


gonna go check out some people who claim to have "paid their dues" for a few hours. we'll see if they have or not...the blues don't come easy...

Blues in the afternoon, theres something i miss....
 
Posted by Purl Gurl on :
 
Glassman writes,

"so maybe they were just buying themselves a
halt to the trading...."

Very possible. A safe presumption can be made
Pearce will take actions which are beneficial
to him, financially. My opinion is he will
take those actions which result in no loss
of money or result in profit.

I am assuming he is typically unethical.

I am also assuming he will not buy back shares
within a short squeeze environment.

My bottom line is buyers will either lose their
money or breakeven, minus commission fees.

Nonetheless, it is extremely rare the public is
afforded a chance to highlight both problems
and corruption within Wall Street. I am using
every tool available to draw attention to the
true nature of Wall Street to simply discredit
and embarrass them, with facts which can be
verified easily by anyone.

It is worth my $250 to finally skin them alive.
I don't care if I lose my money, I am very much
enjoying raising heck with Wall Street. I have
been waiting years for an opportunity like this.

I want Wall Street to remember me as a headache.

Who knows? This incident may lead to greater
awareness by Wall Street we are watching their
every move and will trash them instantly. They
may become a bit more fearful of the public.

They deserve High Anxiety.

http://movies.yahoo.com/shop?d=hv&cf=info&id=1800076485

Purl Gurl
 
Posted by bdgee on :
 
Do fire ant eat spoiled stuff?
 
Posted by BuyTex on :
 
even as a pink, they still gotta file with SEC to move the 250tt into play, right?
 
Posted by BuyTex on :
 
i mean, not reporting as a pink is one thing, but they can't just find a dealer and slip em in, then say, "There. Go ahead and fullfil the due bills."
 
Posted by Purl Gurl on :
 
bdgee asks,

"Do fire ant eat spoiled stuff?"

Fire ants bite and sting me. Yes, they eat
spoil stuff, I am about as spoiled as can be.

Tex, I "think" they have to file a regdex
for those shares. However, I am not all
that sure.
 
Posted by Purl Gurl on :
 
An article which references "time stamp" issues,

http://www.investorshub.com/boards/read_msg.asp?message_id=6508460
 
Posted by Purl Gurl on :
 
Think I will go skinny dipping. I hope those darn
sailors with harpoons are not around; their language
is so atrocious.

"Thar she blows, maties! Man ye 'arpoons!"

Such illiteracy. Simply disgusting.

Purl Gurl
 
Posted by keithsan on :
 
Purl,

stephen dreyer, is located in both ny. and washington DC.


1 Steven D. Dreyer
Arent Fox PLLC, 1050 Connecticut Avenue, N.W., Washington, District Of Columbia 20036-5339


2 Steven D. Dreyer
Arent Fox PLLC, 1675 Broadway, 25th Floor, New York, New York 10019, (New York Co.)

Practice Area: Corporate Law; Intellectual Property


http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/search_result.xml?PG=0&STYPE=N&PRV=ABA&LNAME=dreyer&FNAME=stephen&FN=&CN=&CTY=&STS=&CRY=1&LSCH=


this is his firm:http://www.arentfox.com/index.html

normally a company will retain their lawyer from the state that they are in. Usually where the company is where jurisdiction is, i'm not so sure in a stock but that is the norm. I can't find a stephen dreyer with a license for florida so this must be the guy.

company website is brutal. i hear your good at those things, maybe you can get bigger letters.

enjoy skinny dipping, wear earplugs or a shower cap so your not bothered by the fishermen.
 
Posted by elitedb on :
 
Dreyer is obviously licensed in the two places that matter most for a stock. SEC in washington and NY and exchanges all in NY.
 
Posted by pcloadletter on :
 
The comments I have read about the SEC inverstigation all/most seem to indicate an issue with sells and buys on Friday and Monday.

Why only these two dates?
 
Posted by Purl Gurl on :
 
 -

Not to worry. I have an ample coating of blubber,
I'm tough and, I will invite a couple of friends.

Purl Gurl
 
Posted by dishgal1 on :
 
http://sec.gov/litigation/suspensions/34-51750.pdf

sec order
http://sec.gov/litigation/suspensions/34-51750-o.pdf


Not sure if these have been posted before but are from SEC website. If they have been posted please excuse me.
 
Posted by keithsan on :
 
quote:
Originally posted by elitedb:
Dreyer is obviously licensed in the two places that matter most for a stock. SEC in washington and NY and exchanges all in NY.

ahhhh, he shines the light! duhhh the exchanges!

LOL, new i was missing something and have no knowledge of stock Law. was thinking where incorporated....such a newbie.
 
Posted by dishgal1 on :
 
Purl, there is another phone number for you on the first link.....
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
The comments I have read about the SEC inverstigation all/most seem to indicate an issue with sells and buys on Friday and Monday.

Why only these two dates?

you have comments from the SEC? please re-hash for my forgetfullness.
 
Posted by pcloadletter on :
 
not from SEC....can't find it now.....

ARRRRGGGG!

I will continue looking where I read it.
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
not from SEC....can't find it now.....

ARRRRGGGG!

I will continue looking where I read it.

I've only seen speculation and the companies thoughts, and we know they are lying weasels.
 
Posted by pcloadletter on :
 
Question...have I been driking kool-aid again or having lack of sleep issues? My thoughts on the SEC halt:

The Commission temporarily suspended trading in the securities of Gluv because of questions that have been raised about the accuracy and
adequacy of publicly disseminated information concerning, among other things,

1) number of shares outstanding for the company,

This is only an issue because shares were for sale that didn't exist....fault of the TA and owners (they held the shares)

2) the availability of non-restricted shares for trading and delivery,

Again, this was brought about by us complaining about not getting our shares (probably Purl)

3) the current shareholders of the company, and

The SEC also questions the right of the company to issues 250 T shares without a vote.

4) the rights attached to ownership of these shares.

Again.....WHERE ARE OUR SHARES?

This could actually turn out to be good news.
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by pcloadletter:
not from SEC....can't find it now.....

ARRRRGGGG!

I will continue looking where I read it.

I've only seen speculation and the companies thoughts, and we know they are lying weasels.
quote:
Originally posted by BuyTex:
Ok, one more, narrowing the time frame to trades made Friday and Monday:
---------
Posted by: olico
In reply to: Rocket Blasters who wrote msg# 51969 Date:5/24/2005 2:16:47 PM
Post #of 52096

Got this today if you missed it:

Dear Valued Izone Client,


Thank you for your email. The SEC and NASD is investigating recent trades on GVRP. Originally, all clients who have bought or sold GVRP were restricted. Since the focus of the investigation has been narrowed down to trades placed on 05/20/05 and 05/23/05 and your trades of GVRP do not fall under this time frame we were able to remove the restriction from your account.

Sincerely,

Client Services
Ameritrade Izone
Division of Ameritrade, Inc.

-------------

think y'all are looking for this
 
Posted by dishgal1 on :
 
5/20 and 5/23.........so the trades for 16th thru 19th would stand? That is interesting.
 
Posted by BuyTex on :
 
whoa, that's *one* broker answering a client during a sh*tstorm...a clue only...
 
Posted by pcloadletter on :
 
the 20th and 23rd are shares that wouldn't clear in time?
 
Posted by BuyTex on :
 
remember, that was the eod run on Friday and the probably record-breaking volume day on Monday...
 
Posted by pcloadletter on :
 
trades on the 24 through 27 would have taken place with cleared shares from the 18th and 19th
 
Posted by dishgal1 on :
 
You know what, I have come to the conclusion that this is "one big mess" LOL
 
Posted by BuyTex on :
 
imagine how the reg folks feel...
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by keithsan:
quote:
Originally posted by pcloadletter:
not from SEC....can't find it now.....

ARRRRGGGG!

I will continue looking where I read it.

I've only seen speculation and the companies thoughts, and we know they are lying weasels.
quote:
Originally posted by BuyTex:
Ok, one more, narrowing the time frame to trades made Friday and Monday:
---------
Posted by: olico
In reply to: Rocket Blasters who wrote msg# 51969 Date:5/24/2005 2:16:47 PM
Post #of 52096

Got this today if you missed it:

Dear Valued Izone Client,


Thank you for your email. The SEC and NASD is investigating recent trades on GVRP. Originally, all clients who have bought or sold GVRP were restricted. Since the focus of the investigation has been narrowed down to trades placed on 05/20/05 and 05/23/05 and your trades of GVRP do not fall under this time frame we were able to remove the restriction from your account.

Sincerely,

Client Services
Ameritrade Izone
Division of Ameritrade, Inc.

-------------

think y'all are looking for this

no tex, ameritrade is not the SEC and may well be in trouble here, can't trust them either.
 
Posted by cruz on :
 
is this the guy we want? thanks to keithsan -
http://www.arentfox.com/people/lastname/D/bioid/191/
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
is this the guy we want? thanks to keithsan -
http://www.arentfox.com/people/lastname/D/bioid/191/

Looks like a nice guy, maybe he'll cut us some slack, LOL
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
is this the guy we want? thanks to keithsan -
http://www.arentfox.com/people/lastname/D/bioid/191/

what a dirt bag.
 
Posted by BuyTex on :
 
"no tex, ameritrade is not the SEC and may well be in trouble here, can't trust them either."


keithsan, I think that's where pc got the idea about focusing on 23rd and 25th; we agree, as pointed out to dishgal, may be a clue, but that's all...
 
Posted by cruz on :
 
purl gurl - are you ready to press the red button?

here's the email address - dreyer.steven@arentfox.com
 
Posted by Purl Gurl on :
 
Cruz, I sent mail to him earlier this week.

I am waiting for him to verify if he is legal
counsel for GLUV, or not.

Purl Gurl
 
Posted by Dustoff101 on :
 
Purl Gurl, realastate in Kona is booming...Is it a bubble?
 
Posted by glassman on :
 
i SUSPECT that the 20th and 23 were insiders trying to buy back....that's why they are under investigation...

and,

i think that MIGHT mean the SEC is actually frowning at them a little.....
 
Posted by glassman on :
 
on Monday a lot of trades were executed at 0$ meaning they were under .0001...that is not supposed to be possible....
 
Posted by George on :
 
checking in....you guys need to take a break...it will take me hours to catch up..
 
Posted by BuyTex on :
 
thought we decided b-whackers were somehow doing market orders...
 
Posted by BuyTex on :
 
quote:
Originally posted by BuyTex:
thought we decided b-whackers were somehow doing market orders...

[in response to glassman:

"on Monday a lot of trades were executed at 0$ meaning they were under .0001...that is not supposed to be possible...."
 
Posted by George on :
 
quote:
Originally posted by Ktrain420:
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....

I do not think you have made anything yet...they may take it back.
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
quote:
Originally posted by Ktrain420:
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....

I do not think you have made anything yet...they may take it back.
rewind madness! partials who banked and rode freebies into Monday for sure involved; but wouldn't a pure daytrade play, in n out on the Friday run, be out of the rewind? You talk about some p*ssed off folks: saw a run, hit it, never looked back, don't know about about the docudrama, why you talkin' to me, Mr SEC? I have no idea what K did, but surly that run alerted some scanners...
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
thought we decided b-whackers were somehow doing market orders...

there were market orders filled below .0001 doesn't mean there werent other things going on.
 
Posted by keithsan on :
 
quote:
Originally posted by George:
quote:
Originally posted by Ktrain420:
in my opinion.... this thing ran from around a buck to over ten bucks .........who in there right mind didn't sell is beyond me ........1000%....

I do not think you have made anything yet...they may take it back.
its gonna cost someone a lot of money to unwind those too. they have to unwind to before I and whoever else bought on the 17th, hell of a lot of trades.
 
Posted by pcloadletter on :
 
We probably will not hear anything until the 10 days is over.
 
Posted by Dustoff101 on :
 
Originally posted by pcloadletter:
We probably will not hear anything until the 10 days is over.

The thread will be over 6000 posts by then..George and I will never catch up..........
 
Posted by pcloadletter on :
 
Not to mention all the trades that happened with money gained from sales the 19th to today. That money could have been used several times.

Example
Wednesday(18) buy 200 shares GVRP
Friday (20) sell 100 shares hold 100
Monday (23) sell 100 shares
Tuesday (24) use Friday sale to buy stock XYZ
Wednesday (25) use Monday sale to buy stock ABC
Thursday (26) sell XYZ

You get the idea, how far do you roll back. Where does it stop? We are not only talking cash and margin accounts, there are 401Ks and other "restrictive" investment vehicles that would be involved.

SERENITY NOW!
 
Posted by Purl Gurl on :
 
Robert W. Pearce - Florida

http://www.royalpalmcgi.com/pro_staff.html

Drexel Burnham & Telecommunications connections

------------

Robert Wayne Pearce - Florida Securities Attorney

http://www.robertwaynepearce.com/Attorneys.shtml/1336151_1

Drexel Burnham & Telecommunications legal cases

------------

Are the two the same person?
 
Posted by Purl Gurl on :
 
If, in fact, the same person, Robert Wayne Pearce
worked for the SEC in the past,

U.S. Securities & Exchange Commission, May 1, 1980 - February 28, 1983
 
Posted by Purl Gurl on :
 
PEARCE, ROBERT W NOBIDDING INCORPORATED
PEARCE, ROBERT W CIRILIUM HOLDINGS
PEARCE, ROBERT W BUY SELL CONNECT, INC.
PEARCE, ROBERT W 3-2-1 PLAY, INC.
PEARCE, ROBERT W DIGIKIDZ INC.
PEARCE, ROBERT W. LERNER, HARRIS & PEARCE, P.A.
PEARCE, ROBERT W SAFETY HARBOR CAPITAL GROUP
PEARCE, ROBERT W FIRST FLORIDIAN INVESTMENTS, LLC
PEARCE, ROBERT W. LERNER & PEARCE, P.A.
PEARCE, ROBERT W INTERNATIONAL DATA, INC.
PEARCE, ROBERT W ROYAL PALM CAPITAL GROUP, INC.
PEARCE, ROBERT W FOREVER YOUNG REJUVENATION INSTITUTE, INC.
PEARCE, ROBERT W THE LAW OFFICES OF ROBERT WAYNE PEARCE, A PROFESSIONAL ASSOCIATION
PEARCE, ROBERT W. SPECTRACOM, INC.
PEARCE, ROBERT W LERNER, HARRIS & PEARCE, P.A.
PEARCE, ROBERT W GREAT WHITE MARINE & RECREATION, INC.
PEARCE, ROBERT W. THE BARRY MANAGEMENT, INC.
PEARCE, ROBERT W. SIMONS CAPITAL, INC.
PEARCE, ROBERT W. BFG, INC.
PEARCE, ROBERT W. FALA DIRECT MARKETING OF FLORIDA, INC.
PEARCE, ROBERT W. SUNSET TANNING AND LEASING SYSTEMS CORPORATION
PEARCE, ROBERT W. SUNSET TANNING SYSTEMS CORPORATION OF SUNRISE
PEARCE, ROBERT W. CLIMAX HAIR AND TANNING SALON CORPORATION OF FORT LAUDERDALE
PEARCE, ROBERT W DIGIKIDZ HOLDINGS, INC.
PEARCE, ROBERT W. INTERVOICE INTERNATIONAL, INC.
PEARCE, ROBERT W THE LAW OFFICES OF ROBERT WAYNE PEARCE, A PROFESSIONAL ASSOCIATION
PEARCE, ROBERT WAYNE KORDAN, INC.
PEARCE, ROBERT WAYNE BINGO AUTO LEASING CORP.
PEARCE, ROBERT WAYNE PEPI CHARTER & LEASING CO., INC.
PEARCE, ROBERT WAYNE T.C.C.D. INTERNATIONAL, INC.
PEARCE, ROBERT WAYNE COASTAL MARINE VIDEO, INC.
 
Posted by DOUBLE L on :
 
Purl you have a good turtle recipe. I set some trotlines and have a nice 20 pounder waiting on my big decision. Eat or not is the question?
 
Posted by dishgal1 on :
 
Pearce.....a Florida connection...

http://www.secatty.com/

The Law Offices of Robert Wayne Pearce, P.A.
25 Years Experience with Broker / Investor Disputes
1-800-732-2889
(561) 338-0037

HOME


The Law Offices of Robert Wayne Pearce, P.A. represents investors, stockbrokers, commodities brokers and others in courtroom litigation, arbitration and mediation proceedings. The firm aggressively litigates and arbitrates cases in a number of different forums throughout the United States.

Robert Wayne Pearce, the firm's principal attorney, has 25 years experience with broker and investor disputes and related government and industry regulator investigations and enforcement actions. He is an experienced trial lawyer known by his peers for his unyielding professional work ethic both inside and outside the courtroom in arbitration forums. Mr. Pearce holds an "AV" rating from Martindale-Hubbell in which lawyers nationwide are confidentially rated by their peers. This rating is based on two categories: Legal Ability and General Ethical Standards. Mr. Pearce holds the highest attainable rating for legal ability (A - very high to preeminent) and general ethical standards (V - very high). He is also a Florida Circuit Court Mediator and a respected mediator in the NASD Mediation Program.

Under Mr. Pearce's direction, The Law Offices of Robert Wayne Pearce, P.A. and its trial lawyers have tried, arbitrated, and mediated numerous disputes involving complex legal issues in the following practice areas:

Securities law
Commodities law
Administrative law
Contract law
Commercial law
Business tort law
Employment law, and
Trust / Estate / Guardianship law
With 25 years of courtroom litigation and arbitration experience, Mr. Pearce has represented hundreds of clients in Federal courts, state courts, administrative proceedings, arbitration proceedings, and mediation proceedings before the U.S. Securities and Exchange Commission (SEC), Commodities Futures Trading Commission (CFTC), Florida Division of Securities & Investor Protection (FDS), National Association of Securities Dealers Regulation, Inc. (NASD), New York Stock Exchange, Inc. (NYSE), and National Futures Association (NFA).

Mr. Pearce is admitted to practice in the State and Federal Courts of Florida and New York, and is often called upon to act as an arbitrator in arbitration proceedings. He is a Certified Florida Circuit Court Mediator and a respected mediator in the NASD Mediation Program. Mr. Pearce has also served as a Federal Court-appointed Receiver.

If you are seeking a law firm with integrity, dedication and substantial experience in securities and commodities law, broker and investor disputes, and related government and industry regulator investigations and enforcement actions, contact The Law Offices of Robert Wayne Pearce, P.A. today.

The Law Offices of Robert Wayne Pearce, P.A.
Attorneys at Law
1499 West Palmetto Park Road
Suite 300
Boca Raton, Florida 33486
Phone: (561) 338-0037
Toll-Free: 1-800-732-2889
Fax: (561) 338-9310
E-mail: secattorney@aol.com
 
Posted by Purl Gurl on :
 
Double L, return the turtle to its home. It is
Bad Karma to eat a turtle.

Purl Gurl
 
Posted by dishgal1 on :
 
http://www.palmbeachpost.com/business/content/business/epaper/2005/05/02/c9bz_movingup_0502.html

This is a bit of a bio...
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Double L, return the turtle to its home. It is
Bad Karma to eat a turtle.

Purl Gurl

LL no turtle for you!

Robert pearce, seems like he should've known better, that palm association or group will take a beating on this one.

If thats the same Robert Pearce that worked for the SEC, this could get very interesting. (nice pull on the maybe SEC connection Purl)
 
Posted by dishgal1 on :
 
http://sev.prnewswire.com/legal/20050301/FLM02828022005-1.html

The Merrill Lynch case.....he's good....
 
Posted by Purl Gurl on :
 
Double L

http://www.ilhawaii.net/~stony/1096myth.html

http://www.turtletrack.org/Issues01/Co05192001/CO_05192001_Turtlerace.htm
 
Posted by Purl Gurl on :
 
Keith writes,

"If thats the same Robert Pearce that worked for
the SEC, this could get very interesting."

Yes, but we need to establish both are the
same person. Strong linkage, however, through
historical company names & involvement.

A case could be argued any SEC decision will be
inherently prejudicial because of historical
association and "friendship."

That could be countered with "remoteness" in time.

Nonetheless, alerting the SEC there are those
who hold an opinion SEC decisions will be of
a prejudicial nature, could cause them concern
leading to disfavorable decision for Pearce.

When it comes to money, I will play every angle
possible for legitimate & ethical financial gain.
 
Posted by Purl Gurl on :
 
Should we factually establish Pearce & Pearce
are one person, pressure could be applied via
the Florida "bar association" or their equal
by suggesting Pearce is involved in unethical
securities practices.

Hitting GLUV and Pearce from all sides might
lead him to realize he is well surrounded by
heathen Indians out to scalp him, although
scalping is a myth.

He may elect to tender an offer to buy back
shares rather than face financial consequences
from a lot of bad publicity and headaches.
 
Posted by dishgal1 on :
 
From the Royal Palm Website:
Not sure we have the same Pearce....



Mr. Gerald C. Parker, Chairman/Director
Mr. Robert W. Pearce, Chief Executive Officer/Director
Mr. Peter Kirschner, President/Director
Mr. Kevin O'Kane, Vice President/Director

Advisory Board
Mr. James A. Cosentino
Mr. Donald E. Lees
Mr. Raymond Zink


--------------------------------------------------------------------------------

Mr. Gerald C. Parker
Chairman/Director
Mr. Parker has over 30 years experience in the development, funding and management of successful organizations. Along with his associates, he has raised over $300 million for a number of start-up companies. Mr. Parker was one of the founders of Inktomi, a publicly traded high technology company that develops scalable network applications and traffic servers. At its peak, Inktomi's valuation reached $25 billion. Mr. Parker was also the founder of LiquidGolf, one of the Internet's most successful online golf product retailers, Consortio and AmericanManufactures.com. In the 1970s, Mr. Parker founded Credit Information Systems, which was later sold to Equifax in 1979. He has also served as the Chairman of Investment Management America, a merchant bank specializing in investment capital, mergers and acquisitions.


--------------------------------------------------------------------------------

Mr. Robert W. Pearce
Chief Executive Officer/Director
Mr. Pearce currently serves as President of St. James Investment Group, Inc., a full service merchant banking firm and the Chief Executive Officer of Royal Palm Capital Group Inc., an investment company. Previously, Mr. Pearce spent many years in the securities industry starting his career with Prudential Securities in Palm Beach, FL. Mr. Pearce successfully launched his own Broker/Dealer firm in Columbus, Ohio with the acquisition of the Columbus Drexel Burnham office. During that time his firm was a major force in the consolidation of the cable television industry. The firm was acquired in 1991 and Mr. Pearce returned to his native state Florida.

Upon telecommunications deregulation, Mr. Pearce was a member of the team that launched and pioneered one of the first next-generation switches for the prepaid calling card industry. The company successfully executed their exit strategy and was acquired by a tier two carrier in 1994. He then held key management positions in several successful telecommunications companies including Teleflex, a CLEC billing company who was a primary vendor for Siemens NA and an international carrier building high speed termination routes in South America and the Middle East. Mr. Pearce has been a keynote speaker at many telecommunications trade shows and has served on the board of several industry trade organizations.
 
Posted by Purl Gurl on :
 
Dishgal, Pearce & Pearce have three items in common.

Florida, Drexel Burnham and telecommunications.

A loose association is both are involved in
the securities business.

That is strong evidence but not proof positive.

I'm researching some the companies, the long list
of companies I provided, to discover if there are
signatures which match the signature of Pearce
on the articles of amendments recently filed.

Same hand writing, no doubt they are one & the same.
 
Posted by Purl Gurl on :
 
I suppose we could simply ask him, yes?
 
Posted by Purl Gurl on :
 
Pearce, the attorney, is involved in,

"Trust / Estate / Guardianship law"

A family trust is involved in GLUV.

Connections between Pearce & Pearce continue
to develop.
 
Posted by Purl Gurl on :
 
Do we have a case wherein Pearce the attorney
moves family trust money into GLUV which is
operated by Pearce the CEO, and is it simple
coincidence the family trust tenders an offer
to buy back shares from GLUV investors?

Does Pearce the CEO hold shares in GLUV?

Appears a serious conflict of interest which
suggest unethical legal practices by an attorney,
Pearce the attorney.
 
Posted by dishgal1 on :
 
Purl, you are good.....definitely this is very involved.
I hated to post those 2 long ones above, but at least they are on the same page for comparison.
 
Posted by Purl Gurl on :
 
Dish Gal, you post whatever you find. This is
teamwork. Working together, we all benefit,
which includes the IH people, who will send
someone over here to benefit from our research.
 
Posted by BuyTex on :
 
what do you git in wite pages, ppuurl? wut if me and Bobby Bob jus wen by his place and pick up a check?
 
Posted by Purl Gurl on :
 
Dish Gal, my angle is to develop as much viable
information as possible to use to apply pressure
to the SEC & Pearce with a hope of decisions which
will be to our financial gain.

I am not one to become involved in soap opera
debate we see so much of, elsewhere.

I want "just the facts, ma'am."
 
Posted by Purl Gurl on :
 
Bubba Tex, you just be sure one of those checks
has my name on it.

Have a check drawn in my name, "U. Ben Took"
 
Posted by pcloadletter on :
 
No check needed........

They can wire the funds!
 
Posted by pcloadletter on :
 
They can buy me out....

.0005 post split price or

don't give me the split and pay me

20,000 presplit price

I'm easy to get along with
 
Posted by BuyTex on :
 
doubtlessly, you have stumbled across chatter re the notion of requesting a judge in Fla to enjoin against any further stock issues--i *like* that idea. Further, request the court to instruct "the board" to make no further corporate decisions until true ownership of the company is determined...me and Bobby Bob will serve those paper...
 
Posted by Purl Gurl on :
 
Mr. Pearce has tried, arbitrated & mediated numerous disputes involving complex securities, commodities, administrative, contract, commercial, business tort and employment law issues. He has represented thousands of clients in Federal and State courts (trial and appellate) as well as administrative, arbitration and mediation proceedings before the SEC, Commodities Futures Trading Commission ("CFTC"),Florida Division of Securities & Investor Protection ("FDS"), National Associatio of Securities Dealers Regulation, Inc.("NASDR"),New York Stock Exchange,Inc.("NYSE") and/or National Futures Association("NFA").

Mr.Pearce is a Florida Supreme Court Certified Mediator and a mediator in the NASDR Mediation Program. He is also available to act as a private judge or arbitrator in mini - trials and arbitration proceedings, respectively.

The firm has offices in Palm Beach County with the principal office in Boca Raton, Florida.
 
Posted by yoke yanker on :
 
Double L, return the turtle to its home. It is
Bad Karma to eat a turtle.

Purl Gurl
--------------------------

Christ, no wonder my mojo is all screwed up. Endangered sea turtle and cobra soup use to be a delicacy is Southern China. (-;
Cheers
 
Posted by Purl Gurl on :
 
http://www.law.fsu.edu/library/flsupct/89140/89140ans.pdf

Robert Pearce, 2888 East Oakland Park Boulevard,
Ft. Lauderdale, Florida 33306
 
Posted by keithsan on :
 
orange box entertainment was once archetype. supposedly name changed, not back in april. they were still hiring. (these are holdings of media magic)

http://www.entertainmentcareers.net/jobid.asp?jcode=36389

can't find much on them yet,

Archetype Entertainment
Location: Hollywood, California
Posted: April 1, 2005
Seeking interns to provide direct assistance to sound supervisors and sound editors. Duties range from field recording and mastering, sound library management, foley recording/editing, general facilities maintenance, and occasional runs. Must have skills in ProTools, MacOS, and basic to advanced sound editorial for picture. Field recording experience a plus. Must have organization, communication and self-management skills. Internship is unpaid. Send résumé and cover letter to Archetype Entertainment, John Marquis, Feature Sound Production, 6565 Sunset Blvd., Hollywood, California 90028 or 323.462.8940.

no further leads at this time, but phone # may be helpfull
 
Posted by Purl Gurl on :
 
I suspect Pearce the attorney and Pearce the CEO
are the same person.

Positive ID would be,

same address
same birthdate
same college
same company

SAME SIGNATURE

Darn it, someone find a signature by Pearce the
attorney to compare to the amendment signature!

I would like to inform the SEC of a conflict of
interest by Pearce, if Pearce & Pearce are one.

Later pressure could be applied to Pearce to
be cooperative, this is, send us money.
 
Posted by BuyTex on :
 
I. Injunctions
A. No more stock issues
B. No more BOD meetings, until ownership verified

II. Tender Offer
 
Posted by keithsan on :
 
Robert Wayne Pearce
Member
Robert Wayne Pearce, P.A.
1499 West Palmetto Park Road, Suite 300
Boca Raton, Florida 33486
(Palm Beach Co.)
Telephone: 561-338-0037; 1-800-732-2889


Fax: 561-338-9310
URL: http://www.SECatty.com

Email: Send an Email
 
Posted by dishgal1 on :
 
We might be able to find a signature on the Merrill Lynch case.....see my previous post a few back. Just need to find the filings...........
 
Posted by keithsan on :
 
CONTACT: Michael Biagiotti, +1-561-620-8788, for Law Offices of Robert
Wayne Pearce
 
Posted by dishgal1 on :
 
Merrill Lynch Found Guilty of Intentional Misconduct With Regard to Analysts' Stock Ratings
- Merrill Lynch Ordered to Pay More Than $1 Million Including Punitive Damages -


BOCA RATON, Fla., Feb. 28 /PRNewswire/ -- Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch) has been ordered by an arbitration panel of the National Association of Securities Dealers, Inc. (NASD) to pay more than $1 million to Gary and Lisa Friedman, including punitive damages, on the Friedmans' claim that Merrill Lynch hid conflicts of interest and issued fraudulent analyst reports and ratings in order to boost the firm's investment banking revenue.

According to the award, the arbitration panel found "clear and convincing evidence" that Merrill Lynch was "guilty of intentional misconduct in that they had actual knowledge that many of the companies for which they were issuing and/or maintaining ratings of 1, 2 or 3 during the relevant period of time were, in reality, overvalued by this rating system." Further the panel found that Merrill Lynch manager, "knowingly condoned, ratified and consented to the conduct of its employees."

The Friedmans were represented by Boca Raton, Florida securities attorney Robert W. Pearce who argued that all of Merrill Lynch's research analysts were conflicted by the firm's flawed business model.

The Friedmans, who did not own any of the securities identified in New York Attorney General Elliott Spitzer's investigation or the global settlement reached with Wall Street firms in 2003 (see endnote for list of securities in the Friedmans' portfolio), received a seven-figure award with Mr. Pearce's assistance.

"The Merrill Lynch fraud was not limited to its Internet sector research analysts," said Pearce. "It was clear that Merrill Lynch used all of its analysts, securities reports and ratings as marketing vehicles to bolster its investment banking business."

This ruling also represents one of few cases in which punitive damages have been awarded in any analyst case and is one of the rare instances in which a $1 million+ award has been issued.

"This is the largest punitive damage award we have seen in a research analyst case and has significant findings of fact," said Rick Ryder, publisher of Securities Arbitration Commentator, Maplewood, NJ, which tracks awards in the securities industry. "This case will provide encouragement to investors who have filed similar claims to pursue them. It also creates a path for others to follow regarding how to prepare and present a compelling research analyst case."

Pearce stipulated this was a pure Merrill Lynch research analyst conflict- of-interest case and that there were no other issues involved.

"The fact that part of Merrill Lynch analysts' compensation was based upon the performance of the investment banking division is a blatant conflict of interest that was never disclosed to clients," said Pearce. "Individual investors across the country lost billions of dollars because Merrill Lynch and other firms used analysts to pad their own pockets and benefit their investment banking clients instead of their retail clients."

A complete copy of the NASD Award can be found at http://www.secatty.com/FriedmanG-ArbAward.pdf .

About Robert W. Pearce

Robert Wayne Pearce of the Law Offices of Robert Wayne Pearce in Boca Raton, FL has specialized in securities litigation and arbitration matters for 25 years. He represents investors, brokers and others in court, arbitration and administrative proceedings before the SEC, CFTC, NASD, NYSE and other government regulatory agencies.

For more information on Mr. Pearce, call (800) 732-2889 or visit http://www.secatty.com/ .
 
Posted by keithsan on :
 
December 11, 2003/Clearwater, FL/Bidville, Inc. (OTCBB: AREP), f/k/a American Recreational Enterprises, Inc., announced today it has finalized its Share Exchange Agreement with No Bidding, Inc., a New Jersey corporation (d/b/a Bidville) with No Bidding, Inc. shareholder approval. The transaction completes the acquisition of 100% of the outstanding shares of No Bidding, Inc. The Company is now fully reporting and compliant with all state and federal securities regulations and laws.

The transaction requires all officers and directors of the public company to resign. It provides for the appointment of the existing Bidville management team to their appropriate positions in the new company. No Bidding, Inc. will receive 20,000,000 shares for its interest in the company, representing 100% of all of the outstanding stock of No Bidding, thereby taking control of the trading company.

Gerald C. Parker, Michael Palandro, Robert W. Pearce, C. John Dewey and Edward Orlando were elected to serve on the Board of Directors of the Company (the "Board"). The Board subsequently appointed Gerald C. Parker as Chairman of the Board; Michael Palandro as President and Chief Executive Officer; and Robert W. Pearce as Secretary and Treasurer.
 
Posted by pcloadletter on :
 
That looks familiar....
 
Posted by dishgal1 on :
 
A pattern seems to be emerging.....
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
That looks familiar....

yep just rehashing clues looking for the columbus connection, get the feeling its different guys but...
 
Posted by keithsan on :
 
http://www.martindale.com/xp/Martindale/Lawyer_Locator/Search_Lawyer_Locator/search_detail.xml?pos=2&CP=1&FNAME=robert&LNAME=pearce&LSCH=&FN=&CN=&CTY=&ft=1&lid=386FA7D70C4171&attid =386FA7D70C4173&STS=&CRY=1&hp=1&RR=4&PRV=ABA&STYPE=N&MTY=&ratind=N&searchid=200505291123552025653

nothing even hinting at a stint in ohio, unlike robert w. pearce from palm
 
Posted by dishgal1 on :
 
I don't believe they are the same guy....
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
I don't believe they are the same guy....

me neither but it could've been great if they were.
 
Posted by elitedb on :
 
If they were the same guy one half of them would have been disbarred and the other half jailed LOL
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Double L, return the turtle to its home. It is
Bad Karma to eat a turtle.

Purl Gurl

i agree, especially since the world rests on the turtles back....

and,

it's turles all the way down......
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
A pattern seems to be emerging.....

this is a repeating pattern throughout the OTCBB and the pinks.... after i became a subscriber to microcaptrade?
i began to see the pattern emerge clearly....

mcrcptrd gives you a chart/quote montauge with
news and filings posted immediately beneath the chart....

i kept asking myself why the price
is running when they just announced
100% dilutions......

obviously i was looking at information
that others don't have.....


BUT,


i was also seeing a lot of "groups"
playing the picks, and seeing the stock appear on the SHO list..


and,

i was also seeing shares distributed as "consulting" fees

guess who the consultants are???????
 
Posted by cruz on :
 
i was wonder if this pearce guy was on the board of directors for mastercard global

http://www.mastercardinternational.com/corporate/yir/2004/information.html

if you noticed his bio in royal palm, he has done some deelings in the middle east. still searching into this...
 
Posted by cruz on :
 
does he have a son in charleston?

http://ww2.nmrs.com/lawyers/nelson-mullins-attorney.cfm?init=p
 
Posted by dishgal1 on :
 
Sounds like these 2 guys are on opposite sides of the fence. LOL
 
Posted by glassman on :
 
the Robert W Pearce that won the merryl Lynch case has young children...

Education: B.S., biology, Florida Institute of Technology; MBA, Hofstra University; J.D., Hofstra.

Age: 53.
 
Posted by glassman on :
 
from pinksheets.....
this set of dates on this part of the spinout is new too..(to me anyway)

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09

 
Posted by BuyTex on :
 
we can hire rather economically either a skip tracer or PI in both cities to simply obtain photos; pretty cheap, flat fee about $75-100 each city...or if theres' three...still, cheap
 
Posted by glassman on :
 
streeter and co was the most reliable when i was repoman.... haven't contacted them in a very long time...
 
Posted by dishgal1 on :
 
Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09


Glass, I believe that is not new, I saw it in a much earlier PR....on yahoo.
 
Posted by dishgal1 on :
 
HERE IT IS:

GLUV Corp. Announces Dividend of Homeland Productions, Inc. Shares to Shareholders
Friday April 29, 2:53 pm ET


WEST POINT, Ga., April 29 /PRNewswire-FirstCall/ -- GLUV Corp. (Pink Sheets: GLVP - News) today announced that shareholders of record on May 9, 2005 at 5:00 PM EDT will receive a dividend of one common share of Homeland Productions, Inc. for each common share of GLUV Corp. owned at that time.
Homeland Productions, Inc. is a private Georgia Corporation that owns all of the assets formerly held by GLUV Corp., consisting primarily of video production operations. Additionally, Homeland Productions, Inc. owns Bisconte Leather Corporation, a Tennessee Corporation, which owns certain intellectual property relating to, and rights to market, certain leather products.

Homeland Productions, Inc. will be debt free after the dividend. GLUV Corp.'s current debt (in excess of $320,000) will remain an obligation of the remaining non-operational GLUV Corp.

Homeland Productions, Inc. will be based in Birmingham, AL and James Shepherd will serve as its President. According to Mr. Shepherd, "The opportunity to leave over $320,000 of existing debt behind, and operate in a debt free environment is a significant opportunity for the shareholders. It is my hope that over the next several years we can grow Homeland Productions, Inc. into a profitable public reporting company. We are currently involved in several very exciting projects which I will be discussing in greater detail in a forthcoming letter to shareholders." At the outset, Homeland Productions, Inc. shares will not be publicly traded.

After the dividend, the Lanier M. Davenport Sr. Family Trust, which is a major creditor and shareholder of GLUV Corp., will assume or arrange for payment of all the corporation's debts to creditors other than itself. It will then acquire however many shares it determines to be necessary so that minority shareholders will be eliminated through a reverse stock split (a conversion of outstanding debt to equity at the anticipated per share price could result in the issuance of more than 600,000,000 additional shares). On May 10, 2005, the corporation will do a reverse stock split in which one new share of GLUV Corp. will be issued for every 6,500,000 old shares. Fractional shares will not be issued. Instead, shareholders who would otherwise receive a fractional share will be paid the value of their shares. Since the corporation will have no assets or business, and substantial debt, it is anticipated that the value of the shares will be only nominal, but the corporation will value the old shares at $.0005 each for purposes of the repurchase.

Contact: Lanier Davenport


Chairman of GLUV Corp.
706-645-9410
 
Posted by dishgal1 on :
 
I find it very interesting , it is no longer on the yahoo finance site under Gluv.....

I saved the link tho and here it is for verification.

http://biz.yahoo.com/prnews/050429/clf056.html?.v=4
 
Posted by dishgal1 on :
 
Ahhhh, it was still GLVP then, explains why it isn't there. I think I must have originally found this thru a yahoo search...gluv corp.
 
Posted by dishgal1 on :
 
conversion of outstanding debt to equity at the anticipated per share price could result in the issuance of more than 600,000,000 additional shares

Sounds like they were anticipating more than 33 mil wouldn't you say?
 
Posted by Purl Gurl on :
 
 -
PEARCE THE ATTORNEY

 -
PEARCE THE GLUV CEO
 
Posted by glassman on :
 
it's the dates that got my attention dish....

i was aware of the spinout too, but the ex-date was never posted --just they pay date....

you see? we MAY be enititled to those shares too, because the PAY date was the 23rd.......
no ex-date was posted in specific....
 
Posted by pcloadletter on :
 
I have a feeling they are going to wish they only had $320,000 in debt to deal with.
 
Posted by Purl Gurl on :
 
"...just the facts, ma'am"
 
Posted by glassman on :
 
as an artist, and not an expert? those are two very differnt peoplesez xmarksez
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
"...just the facts, ma'am"

the reason i pointed that spinout issue PG? is that it may be part of the mess....
there may be more players than we suspect?

if the old comapny loses out? they will be involved tooo...
 
Posted by BuyTex on :
 
have we got this biz journal article? describes migration from Long Island, accident resulting in wheelchair confinement, names children, etc...

http://www.palmbeachpost.com/business/content/business/epaper/2005/05/02/c9bz_movingup_0502.html
 
Posted by Purl Gurl on :
 
Yes, not the same person, or he is Sylvia 16.

This is how good research pays, even if that
research takes hours and hours.

I even installed a special TIFF viewer for
my browser to view. Have to jump through hoops
even at that. Click on the tiff, blank page,
open document source, open tiff viewer to
read the document source code, then a picture.
 
Posted by pcloadletter on :
 
http://www.pinksheets.com/quote/company_profile.jsp?symbol=GVRP




GVRP -- GLUV Corp.
Com (No Par)(New)

Address:
503 W. 8th St.
Suite 105
P.O. Box 574
West Point, GA 31833
USA


Website: http://www.gluvcorp.com
Phone: 706-645-9410
Fax: 706-645-9411


Business Description: Not Available

State of Incorporation: FL


Officers:
Lanier M. Davenport, Chairman; James L. Shepherd, CEO; Janet E. Sikes, CFO

Outstanding Shares: Not Available

Estimated Market Cap: Not Available


Current Capital Change:
shs increased by 3000000 for 1 split
Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09

Company Notes:
Formerly=e-Connect Network, Inc. until 3-03


Class Notes:
Capital Change=shs increased by 4 for 1 split. Ex-date=2-21-03. Rec date=2-20-03. Pay date=2-20-03
Capital Change=shs decreased by 1 for 6,500,000 split. Pay date=05/12/2005.
Note=trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities Exchange Act of 1934 from 9:30AM on 5-27-05 through 11:59PM on 6-10-05


Transfer Agent:
Interwest Transfer Co., Inc., Salt Lake City, UT 84117
 
Posted by Purl Gurl on :
 
Speaking of players, my girl snapped a photgraph
of me skinny dipping. Smart girl, she performed
some great graphics work, sent a sample to
Green Peace, wallah, she is now receiving a
royalty payment once a year for my photograph.

Very smart money grubbing girl, like her mom.

 -
 
Posted by pcloadletter on :
 
Paste not pretty but link included

http://www.otcbb.com/dailylist/txthistory/di05022005.txt

Daily List Date|Market Category|Issue Symbol|Company Name|Declaration Date|Amount|X-Date|Record Date|Payment Date|NOTES for Each Dividend

05/02/2005 12:45:53 PM|NBB|GLVP|GLUV Corporation Common Stock||S/O||05/09/2005|05/23/2005|One restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex
 
Posted by glassman on :
 
Robert Pearce Jr.
cyberwatch published by nelson mullins

editor:
rwp@nmrs.com
 
Posted by glassman on :
 
PG is that the mating call of the white warm water whale?
 
Posted by pcloadletter on :
 
Headline:
GLUV Corp. Subsidiary SDS Productions, LLC to Begin Work on Security and Homeland Security Projects


http://www.wluctv6.com/Global/story.asp?S=2330418
 
Posted by Purl Gurl on :
 
Watch it or I'll slap you with my tail.

Incidently, "white coal" Decades back, before
we were born, believe it or not, Ripley, when
hydroelectric dams were built, they were said
to run on "white coal" which is water.
 
Posted by glassman on :
 
it does appear that the players didn't really change like they announced doesn't it?

they said a new mangement team was coming in, but in reality? it looks like they just maneuvered out of their debt....
 
Posted by Purl Gurl on :
 
Good thing Robert Wayne Pearce is not the one!

I was considering buying two seats on an aeroliner,
tracking him down, then sitting on him.

SQUISH!
 
Posted by pcloadletter on :
 
and renamed SDS to Homeland Productions?
 
Posted by glassman on :
 
Watch it or I'll slap you with my tail.

i might enjoy it? or i might not...
only one way to find out [Big Grin]
 
Posted by Purl Gurl on :
 
Should I slap you with my tail, you would fly
through the sky, hit, bounce for a month of Sundays
then finally land clean over in next year.
 
Posted by glassman on :
 
Additionally, the company's brokerage business will continue to provide location and equipment procurement services within the broadcast production industry
form the SDS PR....

these guys are all over the map...at least on PR's they are..
 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Should I slap you with my tail, you would fly
through the sky, hit, bounce for a month of Sundays
then finally land clean over in next year.

i've been known to try anything once.....
 
Posted by Purl Gurl on :
 
Maybe those two boys are twin brothers,

Robert W and Robert W

That is the kind of joke I'd pull if I had twins.
 
Posted by Purl Gurl on :
 
I'll fetch a rope and lasso you on your fifth bounce.

Sorry, we can not process your request. The board
administrator has enabled flood protection for this
function. You must wait at least 60 seconds before
trying this request again.

Faster, faster, type faster!
 
Posted by pcloadletter on :
 
PRs about SDS Productions.........this is where the money is!

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-05-2004/0002266463&EDATE=


http://www.wlextv.com/Global/story.asp?S=2451200

http://www.primezone.com/newsroom/news_releases.mhtml?d=64211
 
Posted by BuyTex on :
 
according to biz journal article:

Age: 53.

Personal: Married to Bonnie, who does human resources consulting and also serves in the arbitrator pool. They live in Boca Raton with their sons, Jonathan, 9, and Robbie, 8.
 
Posted by glassman on :
 
James L. Shepherd GLUV Corp. 205-590-5651 jsheph1@bellsouth.net

this guy was PR guy for GLUV once upon a time? maybe he has become a disgruntled employee?
 
Posted by pcloadletter on :
 
James L. Shepherd, CEO of GVRP was in charge of SDS before the buyout.

These people are into high definition TV and Government contracts.
 
Posted by pcloadletter on :
 
According to James L. Shepherd, Chief Operating Officer of GLUV Corp. and former CEO of SDS Productions, LLC a wholly owned subsidiary of GLUV, "The timing of Mr. Gilbreath joining us is ideal. Our subsidiary SDS is preparing to produce a proprietary, first of its kind security personnel training interactive DVD series. This series will be initially marketed to major corporations for internal security training. SDS has extensive experience in working with large multi-national corporations including Nike, Ben Hogan Golf Company, SIG ARMS, Yahoo!, National Shooting Sports Foundation, and others. In addition to the corporate market, the Company anticipates a large demand from city and regional based municipalities for group seminar type training to be led by a GLUV Corp. certified security instructor. Probable attendees will be private security guards as well as existing city and state security personnel. Combining DVD video with hands-on training will accelerate the skill level of seminar attendees. As opposed to the general training so commonly available in today's marketplace, this method of training allows targeting of specific areas of security concern, resulting in saving of time and money."
 
Posted by glassman on :
 
SDS becomes/colaborates with digikidz?

http://stores.bidville.com/shop/?storeid=10751


http://digikidz.co.uk/

DigiKidz is a company offering children oriented Web and Video services. Unfortunately we will not now trade until April of 2005,

oh yeah!
 
Posted by cruz on :
 
i'm sure cosmo would take a shot and plug that with a golf ball purl. [Smile]
 
Posted by BuyTex on :
 
Homeland took the video production equipment, if we can believe the PR. Bidville supposedly was started as an "alternative to e-bay."
 
Posted by glassman on :
 
i have now decided i need a 4X8 foot dryboard to build a flow chart..this is becoming quite big... [Big Grin]
 
Posted by cruz on :
 
without a trace...

quote:
Originally posted by glassman:
i have now decided i need a 4X8 foot dryboard to build a flow chart..this is becoming quite big... [Big Grin]


 
Posted by glassman on :
 
digikidz APPEARS to be huge in europe...
 
Posted by cruz on :
 
we may need to look into GIUV. from an earlier post and in on the prs. it stated GIUV Corp. instead of GLUV Corp.
 
Posted by dishgal1 on :
 
During a search the other day, I found GIUV....Corp....foreign websites,
 
Posted by dishgal1 on :
 
It is interesting the pump went out on the same day trading was halted. May 27th

GVRP -- GLUV Corp.
Com (No Par)(New)


COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

SEC Suspends Trading in Gluv Corp.'s Shares
May 27 2005 2:01PM ET
otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com INTK, AUML, XPNG, GVRP
May 27 2005 8:14AM ET
otcstockexchange.com: Stock Watch Alert -- OTCStockExchange.com HMNS, AMRE, GVRP, WFTV
May 23 2005 9:03AM ET
GLUV Corp Seeks Trading Halt
May 22 2005 4:56PM ET
GLUV Corp. Announces Entry Into the Entertainment Industry
May 17 2005 10:25AM ET
 
Posted by pcloadletter on :
 
GLUV Corp. Announces Delivery of Full Feature Television Production


WEST POINT, Ga., Dec. 20 /PRNewswire-FirstCall/ -- GLUV Corp. (OTC Pink Sheets: GLVP) is pleased to announce today that GLUV Corp. has delivered its first full feature one-hour television production to the Sunshine Network, a division of Fox Sports.

According to James L. Shepherd, CEO, "The format is golf: The 8th Annual Celebrity Fall Sports Tournament held in Destin, Florida, benefiting St. Jude Children's Research Hospital. This production was especially challenging in that it was multi-location and multi-camera. After filming, we successfully mixed more than 20 hours of video footage into a very exciting and entertaining one-hour show."

This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of GLUV Corp., nor shall there be any sale of any such security in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Forward-looking statements: This press release and other statements by GLUV Corp. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "potential," or future/conditional verbs such as "will," "should" and "could" and other similar wording.


Contact: Bob Collard
Select Equities Consultants
407 304 4701

James L. Shepherd,
GLUV Corp.
205 243 3393
jsheph1@bellsouth.net


Copyright 2004 PRNewswire
Issued: 12/20/2004 02:35 PM GMT
 
Posted by pcloadletter on :
 
So....do we start asking where are homeland security restricted shares?
 
Posted by cruz on :
 
i would imagine otcstockexchange had no idea what was going on. they just look at the volume it was generating so they put out an alert.
 
Posted by glassman on :
 
i also found that one of the guys formerly asscociated with gluv holds a patent on some type of golf glove.. still can't link Pearce to Teleflex other than his bio....
 
Posted by glassman on :
 
teleflex was headquartered in Valley Forge PA during the mid90's when he was supposedly associated with them.....
 
Posted by dishgal1 on :
 
Well, guys, any picks for Tues????LOL
 
Posted by pcloadletter on :
 
PLNI?
 
Posted by dishgal1 on :
 
From State of Georgia website

http://www.ganet.org/cgi-bin/pub/corp/corpsearch?corpid=0504320

GEORGIA SECRETARY OF STATE
Corporations Division
Suite 315, West Tower
2 Martin Luther King Jr., Drive
Atlanta, Georgia 30334-1530
(404) 656-2817





Warren H. Rary
Director





CONTROL NUMBER
DATE INC/AUTH/FILED
JURISDICTION
PRINT DATE
FORM NUMBER : 0504320
: 01/25/2005
: GEORGIA
: 05/28/2005
: 220



BUSINESS INFORMATION PRINTOUT

This information is provided without certification from the business registration database maintained by the Secretary of State as of the print date on the following entity.

HOMELAND PRODUCTIONS, INC.
A DOMESTIC PROFIT COMPANY

ADDRESS:
503 WEST 8TH ST, STE 105
WEST POINT , GA 31833

CEO:
JAMES L. SHEPHERD CFO:
JANET E. SIKES
SEC:
JANET E. SIKES REGISTERED AGENT & OFFICE:
G. BLAND BYRNE III
3340 PEACHTREE RD, STE 1460
ATLANTA , GA 30326
Date of last annual registration
Status
Status Date : 03/30/2005
: ACTIVE/COMPLIANCE
: 01/25/2005
 
Posted by BuyTex on :
 
hep me, i'm lost again...who's on first, etc...are we looking for anything and everything or do we have a focus?
 
Posted by pcloadletter on :
 
focus?....I am a man
 
Posted by dishgal1 on :
 
RE: the dividend of Homeland Productions...............Homeland Productions, Inc is a private Georgia Corp ......
Homeland Productions will be based in Birmingham, AL and James Shepherd will serve as President.

Tex....

An earlier post indicated we might be entitled to shares of Homeland as well, hence the research on Homeland.
 
Posted by BuyTex on :
 
I see some references to Homeland in the thread, no rationale for claim. They received the video-related assets of GLUV subsidiary, but that was pr f/s... ????
 
Posted by dishgal1 on :
 
This situation reminds me of hermit crabs, moving from one shell to another. I don't know how many crabs there are but sure a lot of shells. LOL
 
Posted by pcloadletter on :
 
each owner of GLUV recieves 1 share of Homeland payable 5/25
 
Posted by BuyTex on :
 
ahh, thanks PC...
 
Posted by pcloadletter on :
 
is Homeland actually SDS Productions?
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09


Glass, I believe that is not new, I saw it in a much earlier PR....on yahoo.

it's not new, BUT, I had overlooked the "no ex date" yikes. That *would* seem to infer a claim or invalidate the filing, yes?
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
This situation reminds me of hermit crabs, moving from one shell to another. I don't know how many crabs there are but sure a lot of shells. LOL

this is the OTBCC and pink sheets real game tho....

and we caught them "between shells"...

this is the biggest reason i think the SEC and the DTCC will help us shareholders...they do this legally (if unethically), exploiting "loopholes" in the law all the time....
 
Posted by Purl Gurl on :
 
Here is your man,

Robert William Pearce
363-2 Prestwick Circle
Palm Beach Gardens, Florida, 33418

Verified by signature match.

He is also involved with,

Intervoice International Inc
 
Posted by BuyTex on :
 
am assuming sig matches to come shortly...
 
Posted by Purl Gurl on :
 
Give me ten minutes to practice signing his signature.
 
Posted by BuyTex on :
 
excellent, Most Wily of Coyotes...
 
Posted by cruz on :
 
purl - did cosmo plug that up yet?
 
Posted by Purl Gurl on :
 
Thar she blows, maties! Man ye 'arpoons!

 -

PEARCE GLUV CEO

 -

PEARCE INTERVOICE INTERNATIONAL (Florida)
 
Posted by BuyTex on :
 
So: Robt WAYNE Pearce fights the good fight...
while
Robt WILLIAM Pearce aids and abets...?
 
Posted by pcloadletter on :
 
Purl,

let i-hub people chase the Homeland thing for awhile.

I am not registered there or I would get them fired up about their Homeland shares myself.
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
So: Robt WAYNE Pearce fights the good fight...
while
Robt WILLIAM Pearce aids and abets...?

careful what you say...innocent until proven guilty...
 
Posted by glassman on :
 
pretty friggin' amazing work PG....
 
Posted by Purl Gurl on :
 
GUILTY! Take 'em out and hang 'em.

Judge Roy Bean
 
Posted by Purl Gurl on :
 
Yeah , yeah, post stuff here and the IH sleuths
are all over it.
 
Posted by Purl Gurl on :
 
Probably could connect Pearce to other companies
but no signature available to verify.

Ok, who is next for personal life snooping?
 
Posted by keithsan on :
 
nice work PURL!!!!!!!!!!!!11

been gone all day come back to see thread on FIRE. Love it!

FWIW: talked to buddy (senators office) he wants copy of my report by monday AM, if he likes will get to the right people.

If it works for us, he states :he will gladly become our lobbyist for a fee [Smile]

glass go watch the indy
 
Posted by glassman on :
 
407 area code is a little inland from Palm Beach Gardens, Florida, 33418
tho...

not a stopper tho, maybe that daytime number was old office space....
 
Posted by Purl Gurl on :
 
Indy, reminds me the boy drivers are complaining
because David Letterman's gal only weighs
one-hundred pounds, giving her an advantage.

What is next? Weight check like boxing?

Boys are so sissified.

Whine... Whine... WHINE....

Dang, those boys should drive better rather
than complain about girls having an advantage.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Here is your man,

Robert William Pearce
363-2 Prestwick Circle
Palm Beach Gardens, Florida, 33418

Verified by signature match.

He is also involved with,

Intervoice International Inc

wily,

pleas verify address number "362-2" or "3632"; as is not showing up on reverse search...
 
Posted by Purl Gurl on :
 
Suppose next those boys will want her to drop
fifty pounds of lead under her seat.
 
Posted by cruz on :
 
danica patrick almost did it. she's amazing. fuel problems there at the end.
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
So: Robt WAYNE Pearce fights the good fight...
while
Robt WILLIAM Pearce aids and abets...?

careful what you say...innocent until proven guilty...
thank you, sir, question withdrawn. Rephrase: R WAYNE apparently not involved, as GLUV CEO seems to be one R WILLIAM...
 
Posted by glassman on :
 
heh, i heard one of the announcers say, we'll see if she can "turn this trick" when she was re-starting in the lead near the end of the race.. i think he needs to be set down hard for that one....
if he'd said that about my daughter on natl TV? we'd have some "discussions"
 
Posted by cruz on :
 
if we win big - how about the lobbyist take a percent of our earning? if we don't, well then...

quote:
Originally posted by keithsan:
nice work PURL!!!!!!!!!!!!11

been gone all day come back to see thread on FIRE. Love it!

FWIW: talked to buddy (senators office) he wants copy of my report by monday AM, if he likes will get to the right people.

If it works for us, he states :he will gladly become our lobbyist for a fee [Smile]

glass go watch the indy


 
Posted by BuyTex on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by Purl Gurl:
Here is your man,

Robert William Pearce
363-2 Prestwick Circle
Palm Beach Gardens, Florida, 33418

Verified by signature match.

He is also involved with,

Intervoice International Inc

wily,

pleas verify address number "362-2" or "3632"; as is not showing up on reverse search...

[ bump ]
 
Posted by cruz on :
 
very good work PURL!
 
Posted by dishgal1 on :
 
Here's a thought! Remember the post about account at Ameritrade being free because no transactions on 20th and 23rd......could this be because of concern over this?

Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
if we win big - how about the lobbyist take a percent of our earning? if we don't, well then...

quote:
Originally posted by keithsan:
nice work PURL!!!!!!!!!!!!11

been gone all day come back to see thread on FIRE. Love it!

FWIW: talked to buddy (senators office) he wants copy of my report by monday AM, if he likes will get to the right people.

If it works for us, he states :he will gladly become our lobbyist for a fee [Smile]

glass go watch the indy


obviously wants us to make a killing [Smile] Don't know if he can do much, but I KNOW when he sends it to a newspaper SEC or whomever, stating this is from the senators office, our constituents are very interested. It has a bit more weight than my e-mail. Just looking for an added advantage. Been a pain in the a$$ to document so far. make that tues morning...
 
Posted by Purl Gurl on :
 
"...Robby Gordon...said top Indy contender Danica
Patrick has an advantage over other racers because
of her 100-pound frame...told The Associated Press
that he wouldn't compete against Patrick unless
modifications are made to equalize potential weight
disparities...."

SISSY BOY!
 
Posted by cruz on :
 
we need to get a complete transcript of this thread and slice and dice it into a document. bob help us?
 
Posted by glassman on :
 
the REAL racing is just about to start now...
GO! Mark Martin [Big Grin]

american drivers driving american iron...
 
Posted by glassman on :
 
quote:
Originally posted by dishgal1:
Here's a thought! Remember the post about account at Ameritrade being free because no transactions on 20th and 23rd......could this be because of concern over this?

Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23

yes.......

the real value may have been spun off to a private corp....
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by dishgal1:
Here's a thought! Remember the post about account at Ameritrade being free because no transactions on 20th and 23rd......could this be because of concern over this?

Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23

yes.......

the real value may have been spun off to a private corp....

I have been ignoring this one, has anyone asked their broker about homeland production shares...
I never even thought of it.

[ May 29, 2005, 17:39: Message edited by: keithsan ]
 
Posted by pcloadletter on :
 
I will be asking Tuesday.
 
Posted by BuyTex on :
 
I get a map, but no Prestwick...

http://www.mapquest.com/maps/map.adp?ovi=1&zoom=6&mapdata=UAm0U3b9NY0yhzT2mt4RvGY%2fdbMkAOIYDl%2fNu97I1zxsxcD312KLks3j0SPZuA5s6L182QUqkV1QX5z4F7P8kxF8Hcu4Z%2ftqLYfVMwA18NdFPU%2bOxR a90gkqwcsgIzYCo9ol4ooqJvZhV9E03K0VCIoTzvVmESL485pcIUsOuYDPTD50lIRFGl4rPNiYnLwkuu%2bXd%2fwdiqwaU0AK0yt6erfDHqrkZTET9v%2fgHCN1AHDgcinD9xjyiOQYs%2bG7ljXyfhVHCIgiI1qvdpMLrF7buOipUQsN4T ZAa%2fKaqBXnKBrbrckdbl39Lx84rpEdaUJo%2bK%2fnapch4u6HzvcMJPQgxZ0%2foLSyAQwiG%2fzpNi3kILD4uZPGLJBvvyKTbl2B3C5PczSCas2WGWi8D%2fXWASFzhSu5spUqbyWy7a6CT3swqpW8%2f2ElF0YqAmVm%2bT%2fEGn%2 b43zRvWTkGC3Y%3d

sorry, I don't know how to tiny url...
 
Posted by BuyTex on :
 
homeland is private, "hopes to build" to a public offering...
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
homeland is private, "hopes to build" to a public offering...

saw that, want my shares though if i own them or at least proof.
 
Posted by pcloadletter on :
 
what does this mean?

Will not be quoted Ex.
Pay Date: 2005-05-23
 
Posted by cruz on :
 
did robby gordon make it? doesn't he race indy 500 and nascar the same day?

quote:
Originally posted by glassman:
the REAL racing is just about to start now...
GO! Mark Martin [Big Grin]

american drivers driving american iron...


 
Posted by pcloadletter on :
 
Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09


Does this mean that anyone on record as of 5/9 will get the shares and the ex-date isn't in effect? They got paid on 5/23.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
did robby gordon make it? doesn't he race indy 500 and nascar the same day?

quote:
Originally posted by glassman:
the REAL racing is just about to start now...
GO! Mark Martin [Big Grin]

american drivers driving american iron...


they pushed back indy start, no one can do it this year.
 
Posted by pcloadletter on :
 
If that is the case, this could have all been planned.

1) spin assets into Homeland
2) 4 days later screw up GVRP
3) hold shares but release enough to cause a major short issue.
4) shell takes the hit and Homeland takes the proceeds
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
Record Date: 2005-05-09


Does this mean that anyone on record as of 5/9 will get the shares and the ex-date isn't in effect? They got paid on 5/23.

i'm thinking ex date doesn't apply because there would be no trading afterward--hence only the record date would apply ???
 
Posted by pcloadletter on :
 
So we are not entitled to the shares if bought after the 9th
 
Posted by glassman on :
 
it just says they won't be quoted ex-dividend..the pay date is still the 23rd...just more mud in the water is all it is... [Big Grin]
 
Posted by BuyTex on :
 
PC,

grabbed that info from SEC page again

http://www.sec.gov/answers/dividen.htm

"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).

If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid."

as I'm reading this now, our gvrp shares came with a double-dividend and a twist...without an ex-date, the Homeland divvies are still attached to split shares I'm due, which leave fractionally as I sell blocks of gvrp...ie, takes 3mm gvrp to = 1 share of Homeland.
 
Posted by glassman on :
 
very good tex. that is why i bought into this play to begin with...
the spinoff i consider to be a bonus...

posted May 17, 2005 17:26 glassman:
yes it does, and if people sold them thinking they would get the post-split shares? i think they might be in for a surprise...
share divvies usually follow the shares...
it's best to keep them till you get your dividend...



i have a lot of non-trading stock in my accounts... [Big Grin] they are worthless, SORTOF [Big Grin]

i wonder if we can sell 'em on e-bay LOL
 
Posted by BuyTex on :
 
worthless to us--what about to Homeland and all that nice equipment?
 
Posted by glassman on :
 
just because you broker can't trade 'em don't mean deyz woitlesssss

anybody beginning to feel Indiana Jones when he fell into the snake pit yet?
 
Posted by BuyTex on :
 
allz im saying, maybe they wanna protect Homeland: simple, buy our f/s shares back...
 
Posted by glassman on :
 
quote:
Originally posted by BuyTex:
allz im saying, maybe they wanna protect Homeland: simple, buy our f/s shares back...

don't expect the shares to show up with out a fight...

just another issue if this does go to litigation...

we are probably due them, but since it was going private? they may just "forget" to distribute them....

i never really expected to see them because there was no ex-date asociated witht them....
if the make us fight? then we'll throw it all at 'em and see what sticks....


looks like Mark is out front for now [Big Grin]
 
Posted by H2NRG on :
 
http://www.otcbb.com/asp/dividend.asp?sym_id=GLVP

So, there is a chance that we who bought before the payment date could be eligible for these Homeland shares? That would be a new wrinkle. (Sorry, been away from the 'puter for a good chunk of the weekend. Just trying to catch up.)
 
Posted by glassman on :
 
yes watenergy, that may be the case...

more importantly? that may be what the "suspicious" trade activity was really about that the SEC was investigating...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
the REAL racing is just about to start now...
GO! Mark Martin [Big Grin]

american drivers driving american iron...

figures, the old man likes the VIAGRA car hmm...
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by glassman:
the REAL racing is just about to start now...
GO! Mark Martin [Big Grin]

american drivers driving american iron...

figures, the old man likes the VIAGRA car hmm...
ha, i was a Martin fan when his sponsor was vulvaline too.... [Big Grin]
 
Posted by H2NRG on :
 
quote:
Originally posted by glassman:
yes watenergy, that may be the case...

more importantly? that may be what the "suspicious" trade activity was really about that the SEC was investigating...

Interesting twist to the events, here. Thanks, glassman.

FYI, H2NRG is not representing water energy--that would be H20NRG. H2 is Hydrogen--yeah, I'm overly hopeful for an alternative energy future for my kids' generation.
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by keithsan:
quote:
Originally posted by glassman:
the REAL racing is just about to start now...
GO! Mark Martin [Big Grin]

american drivers driving american iron...

figures, the old man likes the VIAGRA car hmm...
ha, i was a Martin fan when his sponsor was vulvaline too.... [Big Grin]
LOL vulvaline isn't that a lubricant....
 
Posted by glassman on :
 
what's that on yer chin? [Big Grin]
 
Posted by Peaser01 on :
 
I need a good hip thrust. Where's Purl?

Myrtle Beach was a blast.

Let's go Tony Stewart.
 
Posted by keithsan on :
 
sorry boys red sox are on, i'm done watching the patches peel off that track.
 
Posted by glassman on :
 
get any king mackeral?
 
Posted by Peaser01 on :
 
Nope. We fished off the pier one day, caught some black tip sharks, croakers, and toad fish. Some other people caught some blue's and some spanish mackeral though. There weren't any Kings caught when I was there. I spoke with some paid king fisherman on the pier and they said that August is the best time of year for fishing for Kings, or right before a hurricane is gonna hit the coast.

We also went deep sea fishing in the Gulf Stream, now that was pretty fun. I caught a bunch of red and silver Snapper, sea bass. There were some triggerfish and a couple gruper caught as well. My father caught an 8 lb. amberjack marine. We had a blast. We're talking about making it an annual trip to Myrtle Beach.

If we go next year though, we're gonna get a private charter and fish for dorado.

Our beach house was Ocean front. It was nice. If you're looking to go to Myrtle, check out Ocean Lakes resort. It's pretty nice, in South Myrtle Beach.
 
Posted by Purl Gurl on :
 
Ginger Rogers mirrored every dance step of Fred
Astaire, except backwards and in high heels.

Danica Patrick races better than most of the boys,
she is smaller, has less upper body strength and
she has no need for Viagra.

I drive a five-hundred horsepower two-hundred
miles per hour tricked out Mako Shark.

What do you boys drive?
 
Posted by BuyTex on :
 
tricked out buckboard, with two of the slickest bay mules you ever laid eyes on...
 
Posted by Purl Gurl on :
 
That I appreciate, Tex! I love mules.

However, being a po' girl, all I can afford
is cantankerous jackass. Doesn't get my ass
around that well, either.

 -
 
Posted by glassman on :
 
i'm afraid to ask what yee smugglin there PG....
 
Posted by Purl Gurl on :
 
I am smuggling Warren Buffett bobble heads
to distribute to Mercedes Benz dealerships.

Cute! They stick onto a dashboard.
 
Posted by kottercracks on :
 
quote:
Originally posted by Purl Gurl:
That I appreciate, Tex! I love mules.

However, being a po' girl, all I can afford
is cantankerous jackass. Doesn't get my ass
around that well, either.

 -

Wow!! I see what you mean when you said you owned a junker that never required washing. ;-)
 
Posted by kottercracks on :
 
You may have to unload a box or two of those bobble heads. Send me a box. Want to see if they will sell on ebay.
 
Posted by Peaser01 on :
 
Purl, You weren't kidding about your caboose! Put that poor donkey down!
 
Posted by glassman on :
 
it's a burro.. not a donkey...
 
Posted by glassman on :
 
heres my ride, and my family too.. [Big Grin]

 -
 
Posted by Peaser01 on :
 
El burro sabe mas que tu.

That was one of my 8th grade spanish teachers favorite sayings.

[ May 30, 2005, 00:15: Message edited by: Peaser01 ]
 
Posted by vg on :
 
took me 3 hours going through the thread from friday to today I think if nothing works out can write a book using this thread and get some proceeds from that
 
Posted by Triumph1902 on :
 
Just skimmed through the past 2 days posts.. must say you guys don’t fool around..well sometimes [Big Grin]

This might have been posted but just in case it wasn’t...this is was another address I dug up on this "ROBERT W PEARCE" born Jan 1951

170 CELESTIAL WAY NORTH PALM BEACH FL (561) 625-3390
 
Posted by pcloadletter on :
 
I just sent many of you a PM.

Purl, I cannot seem to PM you.

If someone I sent that to can the info to Purl I would appreciate it.

This is only on the website I sent you, probably many other places tomorrow.

Note: Not related to GVRP
 
Posted by pcloadletter on :
 
Hey, someone took a star!
 
Posted by DOUBLE L on :
 
Pc Don't talk about it people will take them all. Purl I have 1 more question do I return the turtle to it's home with or without it's head. I talked to grandma she said she could pay the karma. Turtles are good to eat. Turtle meat on the net cost $12.00 a lb with min. of 5 pounds. If I cleaned it she would cook it. Needless to say the turtle got a general pardon for messing with my lines and was released with head intact. The other fish involved will not be so lucky.
 
Posted by Purl Gurl on :
 
Double L

 -

walwa yukpali anumpuli

Turtle blessings upon you.

Purl Gurl
 
Posted by cruz on :
 
yeah - how can we get a hold of you purl?
 
Posted by cruz on :
 
by the way, what are your hourly rates? [Smile]
 
Posted by Purl Gurl on :
 
Cruz implores,

"how can we get a hold of you purl?"

Sometimes both hands around my neck works.
 
Posted by pcloadletter on :
 
Purl,

I PMd some people with some info I would like you to look at.

I can't PM you.
 
Posted by glassman on :
 
PG, bowties are nice, but i like Fords better....
this isn't a Boss, it's the OVERLORD

 -
 
Posted by pcloadletter on :
 
Purl, glad you are here.

[ May 30, 2005, 14:16: Message edited by: pcloadletter ]
 
Posted by Purl Gurl on :
 
PC Load Letter, in a panic, blurts out,

"I can't PM you."

Not to worry. I can PM you. I have not yet
reached my menopause stage of life.

* screams - waves her kitchen spatula menacingly *
 
Posted by pcloadletter on :
 
Not much chatter here today
 
Posted by pcloadletter on :
 
Beautiful Day here. Other than the work thing
 
Posted by Purl Gurl on :
 
"The answer is blowin' in the wind."
- Dylan
 
Posted by pcloadletter on :
 
Thanks
 
Posted by pcloadletter on :
 
did I ignore you?
 
Posted by Purl Gurl on :
 
You should ignore me!

Thanks for the tippy, I'm looking at it.
 
Posted by Purl Gurl on :
 
PC Load Letter, check the SHO list carefully,

http://www.nasdaqtrader.com/aspx/regsho.aspx
 
Posted by pcloadletter on :
 
14 days total, I don't even know if that means anything anymore. That list is a joke.
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
14 days total, I don't even know if that means anything anymore. That list is a joke.

no joke
 
Posted by pcloadletter on :
 
so whats the verdict?
 
Posted by glassman on :
 
they don't get on that list for no reason....

trick to playing that list is to sort out why it's there.....
turn the chess board around....
 
Posted by BuyTex on :
 
i got a main squeeze...
 
Posted by pcloadletter on :
 
tomorrow I'm going for it!
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
tomorrow I'm going for it!

playing all the shorted ones ehh....

good luck
 
Posted by pcloadletter on :
 
Only the ones with pending PRs.

Buy on rumor, Sell on news

Chaos = Cash
 
Posted by BuyTex on :
 
What's the Chinese? Amidst chaos lies great opportunity?

If so, we hit the mother lode...
 
Posted by Purl Gurl on :
 
Another technical argument.

GLUV recently increased authorized shares to
250 trillion. That is acknowledgment those
forward split shares are valid. With those
shares we bought being valid, we are entitled
to vote. GLUV indicates a share holder vote
was taken to increase common shares.

No vote was ever taken. They falsified that
document which could render it invalid. Now
we are back to our shares being valid and
they are back in a short squeeze position.
 
Posted by dishgal1 on :
 
GLUV recently increased authorized shares to
250 trillion.


Did we finally determine that Gluv actually authorized the shares?
Or ....
Was that just an estimate from GLUV of OS after this huge screwup? I'm not questioning you Purl, just wondering if AS had been established as fact.
 
Posted by dishgal1 on :
 
If it is indeed fact .......then I think we are in a very good position here as you stated above.
 
Posted by BuyTex on :
 
the BOD "authorized" to increase--that doesn't get em registered and in the market, imho
 
Posted by Purl Gurl on :
 
You should question me! I'm half crazy.

With their attempt to authorize those trillions
of shares, that indicates, my opinion, they know
the forward split shares are valid. They are
trying to weasel out of the short squeeze by
authorizing shares to cover shorts.

However, Pearce indicates a share holder vote
was taken to authorize those shares. No vote
was taken, so the new shares are not valid.

By acknowledging the forward split shares we
have are valid, then we are entitled to a
shareholder vote, plus we hold more shares
than does the company.

No vote was taken, those new shares are not valid.
 
Posted by BuyTex on :
 
Pearce may have checked the shareholder box in the belief that they held the "mystical 10-11 shares" pre-split, and therefore the "shareholders" were voting. Fla law may allow a BOD re-authorization to infinty - 1. imho, no authority will allow them to __register__ said shares, mid-forward split, between critical dates, when it's not even clear whether they also OWE shares of Homeland, due 5-23, issued without ex-date. Truly historical. I will be on the phone, again, tomorrow to my congressional rep as I was on 5-20 plus my Senator to ensure the SEC knows someone is ***WATCHING THEM** and their disposition. At this point, as much as I drool over what some cheatin scumsucker owes me, it;s much more imporptant that rules prevail. Otherwise, when I get low on cash I may feel perfectly empowered to simply visit the local 7-11 and take from the cash drawer, as I please. ie, rules do not apply, so welcome to chaos...
 
Posted by Purl Gurl on :
 
Tex, a new type of scam in the making.

Entice buyers by offering a huge forward split.
Once money comes in from selling shares with
forward split attachments, authorize billions
or trillions of shares, then reverse split
the buyers shares to zero.

Company keeps the money and the shares.

Buyers are left with nothing.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Tex, a new type of scam in the making.

Entice buyers by offering a huge forward split.
Once money comes in from selling shares with
forward split attachments, authorize billions
or trillions of shares, then reverse split
the buyers shares to zero.

Company keeps the money and the shares.

Buyers are left with nothing.

but, *spew, choke, etc* if they were that slick, how with Roger Miller's little green apples could they make SO MANY goofs in so short a period of time? That posits a calamitous scam that hearkens back to your ruminations of quasi-cosa nostra offshore scheme that has been in the works for quite some time...at least months, possibly years. follow the money, how might that go down? The TA on plan shuttles it out there,,,,,and then where/how do they receive the doe in time to abscond to parts unknown before me and Bobby Bob show up? btw, compltely open to the idea of a new wrinkle: crooks do that. They may not have factored in me & Bobby Bob in the caddy-ramjob or the Mako...
 
Posted by glassman on :
 
we already have them on the NS....

i bought the whole company dozens of times over before the 20th....
so did quite few of us....
 
Posted by BuyTex on :
 
[ purl grrrrl's wheeels spinning: How do i explain to dum-ass Tex? ]
 
Posted by BuyTex on :
 
tex responds to his own question:

WHY don't we hire a PI/skip tracer to photo our principal? or otherwise deteremine he's still in-country? It's only $100--i'd do it myself but would appreciate hive-mind opinion...
 
Posted by Purl Gurl on :
 
Tex, you are not a dumb ass. I value your opinions
just I value opinions of others.

Yes, my out-of-balance wheels are spinning, which
prompts another email to select government bozos.

You will quickly realize my intended outcome.

-----
To: enforcement@sec.gov
cc: secretaryofstate@dos.state.fl.us
cd: DivCorp@dos.state.fl.us
-----
Subject: GLUV Unlawful Trading
-----

I am writing, again, to express concerns about
GLUV corporation, trading as GVRP ticker symbol.

As you know, hundreds have contacted you at the
SEC about this company. If you, the reader, are
unfamiliar with this case, refer this to the
correct people or the correct person, please.

GLUV appears to be perpetrating a new fraud scheme.

This scheme is to entice share buyers by offering
a very large forward split, in this case, a forward
split of three-million shares for every one share,
flood the market with worthless shares, then reverse
split out public share holders.

Last week, on May 25, GLUV filed an amendment with
the Secretary of State, Florida, authorizing new
common shares, two-hundred-fifty-trillion shares.
That is correct, trillions of shares. They also
falsified that document claiming a shareholder
vote was taken. No shareholder vote was effected.

My opinion is GLUV is orchestrating a scheme to entice
buyers with a forward split offering, sell into that
news, then authorize trillions of shares, flood the
market to drive down share price to effectively zero,
to be followed by a reverse split, which leaves GLUV
with buyer's money, and buyers with worthless shares.

Clearly, if this comes to past, it is a case of fraud.

Many are actively contacting our American Senate and
our Congress voicing concerns the SEC intends to
condone this type of unethical market manipulation.

I share those concerns.

Should your SEC "rubber stamp" approve these activities
by GLUV corporation, you will be effectively providing
SEC sanctioning of a new scheme to steal from the public.
You will be sending a message,

"The SEC approves of unlawful corporate fraud."

You already enjoy that unsavory reputation. I will
urge you to not further tarnish your bad reputation;
repercussions, in this specific case, could prove to
be extensive and widespread, and could very well
result in another congressional rebuke of the SEC.

I urge you to display an ethical attitude by holding
GLUV to their promise of a forward split, and by
disallowing GLUV to authorize trillions of shares.

Hundreds of us bought into a promise of a forward
split, bought in good faith.

We expect you to display good faith as well.

Regards,

Bozo The Clown

cc: Secretary of State, Florida
cc: Division of Corporations, DOS, Florida
 
Posted by BuyTex on :
 
purlie, most excellent. copy n post everywhere, jmho
---------
tex remains insistent: why do we hestitate popping flashbulbs in this mf's eyes?
 
Posted by Purl Gurl on :
 
Tex, you can take pictures in a public area,
such as a public street, a public parking lot,
other public areas.

You cannot walk into a business and take pictures.

Maybe we could entice them out into the public
with a promise of a new share printing machine?
 
Posted by Purl Gurl on :
 
Oh yes, I have reached a well researched and well
supported conclusion those I-Hub boards are
predominately populated by proud graduates of,

"The Raging Bull Academy Of Trolls"

Purl Gurl

* took less than a minute for an IH troll
to respond to my article.
 
Posted by BuyTex on :
 
wily, i can drive/fly there and photo him coming from his *house* follow and photo alllll dayyy long. I'm just a ex-reporter....I simply think it would be intersting if we could place him..
 
Posted by BuyTex on :
 
quote:
Originally posted by BuyTex:
wily, i can drive/fly there and photo him coming from his *house* follow and photo alllll dayyy long. I'm just a ex-reporter....I simply think it would be intersting if we could place him..

once *inside* the business, well, you're the coyote--just imagine...
 
Posted by glassman on :
 
gee PG, is that a compliment to us here at allstocks?
personally i do make some effort to give the trolls a butt
 -
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
Oh yes, I have reached a well researched and well
supported conclusion those I-Hub boards are
predominately populated by proud graduates of,

"The Raging Bull Academy Of Trolls"

Purl Gurl

* took less than a minute for an IH troll
to respond to my article.

forget them...imho...if they don't get it, what's the point? who needs 'em?
 
Posted by glassman on :
 
wow, i didn't realise how much koolaid  - they serve over there at ihub...
they got some real off-the wall theories going... [Roll Eyes]
 
Posted by BuyTex on :
 
i-hub has some great intellects and market-knowldgeables, as do we...the difference i see is here more tolerance, depth of research--even though they may be on "an event" quicker. Great boards, both, but I prefer it here...R/B, et al, fugggeddddddabout it
 
Posted by glassman on :
 
it is hard to get people to post if they are going to be made fun of....

how many good picks does a board miss by being rude to people....
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
it is hard to get people to post if they are going to be made fun of....

how many good picks does a board miss by being rude to people....

absolutely.
 
Posted by BuyTex on :
 
Investors Claims Funds:

http://www.sec.gov/divisions/enforce/claims.htm

Investors Claims Funds
This page lists the SEC enforcement cases in which a Receiver, Disbursement Agent, or Claims Administrator has been appointed. Funds that are recovered and available for investors will be distributed according to an approved plan.

In addition to seeing whether a claims fund has been established, you may want to find out whether a private class action has been filed against the company you invested in. If you're aware of violations of the securities laws, please tell us by using our online complaint form.

If your broker-dealer has gone out of business, you can visit the website of the Securities Investor Protection Corporation to find out whether your firm is the subject of a liquidation proceeding and how you can obtain a claim form.

[ bunch o co.s deleted; for this thread, th url is informative...]
 
Posted by keithsan on :
 
hmmmmm.....

think anyone will hold true to this definintion and serve my interest?

When can the SEC suspend a stock from trading?

When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information.
 
Posted by glassman on :
 
this PR has some rather substantial misrepresentations about how dividends and splits are effected.....

2005-05-31 06:58:30
B: Gluv Corp. Asks For And Receives SEC Trading Suspension ( financialwire.net )

--------------------------------------------------------------------------------


May 31, 2005 (financialwire.net via COMTEX) -- May 31, 2005 (FinancialWire) In
an attempt to straighten out the mess behind the complicated merger of Gluv
Corp. (OTC: GVRP), the U.S. Securities and Exchange Commission has temporarily
suspended trading in the company, just as the company requested.

Despite there being only 11 shares outstanding for a brief nanosecond, the
company was trading in the billions. Ameritrade Holdings (NYSE: AMTD) may be one
of the brokerages holding the proverbial bag.

According to Stock Patrol (http://www.stockpatrol.com), which partners with
Investrend Information's (http://www.investrendinformation.com) Investors
Resource Center, the SEC said that questions had been raised about the accuracy
and adequacy of public information about Gluv, including (i) the number of
shares outstanding; (ii) the availability of non-restricted shares for trading
and delivery; (iii) the current shareholders of the company; and (iv) the rights
attached to ownership of the Company's shares.

"The Pink Sheets do not indicate the number of Gluv shares presently
outstanding. Adding to the confusion, on May 17, 2005, Gluv announced plans to
merge with a Florida corporation called DigiKidz Holdings, Inc. and change its
name to Media Magic. The Company indicated that Media Magic develops
entertainment products for children and provides multi-media services for the
entertainment industry," said Stock Patrol.

"The Pink Sheets do, however, contain some revealing information about Gluv.
According to the Pink Sheets, Gluv is a Florida corporation with offices in West
Point, Georgia. The Pink Sheets report that Gluv recently made several dramatic
changes to its capital structure in quick succession. First, it implemented a 1
for 6.5 million share reverse stock split payable on May 12, 2005. Then the
Company declared a 3 million for 1 share stock split, issued to shareholders as
of May 13, 2005 and payable on May 20th. The Company also issued a dividend to
all of its shareholders as of May 9, 2005, of one restricted share of Homeland
Productions, Inc. for each share of Gluv.

"The Company subsequently claimed that 3 million shares had improperly been
issued prior to the May 20th date, and asked the SEC to halt trading."



 
Posted by glassman on :
 
Dear Glassy-eyed Bozo,

We appreciate your interest in the work of the Commission and its Division of Enforcement.

Very truly yours,

S/
John Reed Stark
Chief, Office of Internet Enforcement
United States Securities & Exchange Commission
 
Posted by H2NRG on :
 
quote:
Originally posted by glassman:
quote:
Originally posted by BuyTex:
allz im saying, maybe they wanna protect Homeland: simple, buy our f/s shares back...

don't expect the shares to show up with out a fight...

just another issue if this does go to litigation...

we are probably due them, but since it was going private? they may just "forget" to distribute them....

i never really expected to see them because there was no ex-date asociated witht them....
if the make us fight? then we'll throw it all at 'em and see what sticks....


looks like Mark is out front for now [Big Grin]

So, what can we do to find out what the story with Homeland is? Or, do we have to just wait for the SEC's investigation to be completed?
 
Posted by glassman on :
 
i'm too busy right now....
trying to find a runner for the day..
 
Posted by BuyTex on :
 
That's one I'm afraid to mention that part to the SEC...they may throw their hands up then simply shoot everyone involved...didja hear the one about the guy who read this thread and the "Hi, there" thread and decided the market is closed until June 13?
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
That's one I'm afraid to mention that part to the SEC...they may throw their hands up then simply shoot everyone involved...didja hear the one about the guy who read this thread and the "Hi, there" thread and decided the market is closed until June 13?

Tex, I may be mistaken but when there is no ex-date it splits on the record date. I am NOT absolutely sure of this but it is my understanding.
 
Posted by glassman on :
 
it only said it will not be quoted ex-dividend...

pay date is 2 days after ex-date? right? or is it 3?
 
Posted by BuyTex on :
 
SEC says re stock divvies:

"The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date)."
 
Posted by glassman on :
 
from FLA

The Division of Corporations of the Dept. of State acts as a ministerial filing office only. We have no authority to investigate individual claims against corporations nor can we regulate the affairs of private corporations. We have neither the staff nor the expertise or knowledge to regulate over 1,000,000 active business entities in Florida. If you feel that fraud has been committed, it is up to you to bring an action against the corporation for that fraudulent act
 
Posted by Purl Gurl on :
 
Volume for GVRP is zero. What is going on?

"...it is up to you to bring an action against
the corporation for that fraudulent act...."

Why am I not surprised a Bushie state would
refuse to investigate corporate crime?
 
Posted by glassman on :
 
they fail to acknowledge that GLUV is a PUBLIC (not private) Corp.....


trading halted...
 
Posted by Purl Gurl on :
 
Hey, I am planning to travel to Florida, visit
with their Divison of Corporations, register
one-million shares of Berkshire Hathaway, then
sell them! Florida clearly won't question this!

Jeb, you are one heck of a Good 'Ol Boy!
 
Posted by Purl Gurl on :
 
Trading is halted for GVRP? How did that happen?
 
Posted by glassman on :
 
call the Fla State Attorney ......they may have a different attitude....
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
it only said it will not be quoted ex-dividend...

pay date is 2 days after ex-date? right? or is it 3?

from my limited knowledge if they don't quote a dividend date then its the record date. Thats what i'm going by.
 
Posted by keithsan on :
 
Looks like I was wrong from ameritrade:

Thank you for giving me the opportunity to assist you today.

Ameritrade received the Homeland Productions restricted shares today. Your account will be updated shortly.
 
Posted by glassman on :
 
quote:
Originally posted by keithsan:
Looks like I was wrong from ameritrade:

Thank you for giving me the opportunity to assist you today.

Ameritrade received the Homeland Productions restricted shares today. Your account will be updated shortly.

velly intellestink
 
Posted by BuyTex on :
 
glass, what do you see on ST from your end; calling ny broker now...
 
Posted by glassman on :
 
nuttn' yet...
 
Posted by H2NRG on :
 
quote:
Originally posted by keithsan:
Looks like I was wrong from ameritrade:

Thank you for giving me the opportunity to assist you today.

Ameritrade received the Homeland Productions restricted shares today. Your account will be updated shortly.

When did you buy your GVRP shares, keithsan? Looks like this is good news for those of us who bought during the week of May 16.
 
Posted by keithsan on :
 
I bought when I posted first day of thread, not sure of date:

here is person with message:

Karla Gubbels
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
 
Posted by dishgal1 on :
 
How many shares? It was supposed to be one share for each share of GVRP.............How in the world will this play out?
 
Posted by H2NRG on :
 
quote:
Originally posted by keithsan:
I bought when I posted first day of thread, not sure of date:

here is person with message:

Karla Gubbels
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.

That's May 17, the day I bought my first shares. I bought more on May 18. I will have to contact Scottrade's reorg dept later today.
 
Posted by dishgal1 on :
 
Keith you bought on 17th........I bought on 18th
 
Posted by BuyTex on :
 
I've got my local ST guy on it; as usual he knows nothing. This may be viable for a demand buy-in, huh?
 
Posted by pcloadletter on :
 
Wellsfargo is going after my shares of Homeland as we speak.
 
Posted by cruz on :
 
sorry guys. give me a recap here guys. i bought my shares the 18th. i am aware of this homeland, but what are we looking at?
 
Posted by pcloadletter on :
 
Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23
 
Posted by cruz on :
 
thanks pcload! where are my shares? [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
thanks pcload! where are my shares? [Smile]

mine aren't in, they said shortly...

its a private company, you can just look at it.
 
Posted by pcloadletter on :
 
got to be worth something
 
Posted by dishgal1 on :
 
http://www.amtdrt.inlumen.com/bin/story?StoryId=CqPVHqbKbmtuXyJu0otm

Gluv Corp. Amends May 27, 2005 News Release; SEC Suspends Trading in Gluv Corp.'s Shares
Business Wire - May 31, 2005 15:33

Gluv Corp. (Pink Sheets:GVRP) announced today that the Securities and Exchange Commission had issued an order suspending trading in the company's common stock this morning.

Earlier this week, the company requested the SEC to halt trading in connection with a serious problem that had arisen when quotations on the Pink Sheets Electronic Quotation and Trading System reflected that its outstanding common stock might be as much as 99 trillion shares. The company believes that this incorrect information about its outstanding shares entered the market place when the Pink Sheets system began reflecting that 33 million shares of the company's stock were trading "when issued" with a due bill for a three million share dividend attached to each of them, instead of showing that only the 11 shares that were actually outstanding prior to the declaration of that dividend should have been trading with that due bill attached.

The company further announced that the SEC Staff was continuing to monitor the situation.

Robert W. Pearce, the company's chief executive officer, said: "We are very grateful to the SEC for having acted so quickly. The confusion about the actual number of the company's shares that are publicly available for trading appears to have caused some investors and various members of the brokerage community to be maintaining positions in our stock that are far in excess of the actual number of shares that we have outstanding. It is our hope that the SEC will ultimately resolve this problem by fashioning a solution that will permit the brokerage community to reverse the trades that should not have occurred in our stock during the past week."

SOURCE: Gluv Corp.

Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com

Copyright Business Wire 2005


--------------------------------------------------------------------------------
 
Posted by glassman on :
 
sounds like they are putting it onto someone else's shoulders...

that is very good IMO
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

Dividends:
Amount: Div: 1 restricted share of Homeland Productions Inc for each share held. Will not be quoted Ex.
Pay Date: 2005-05-23

PC, where are you seeing this? I remmember there being no ex date...
 
Posted by pcloadletter on :
 
Ex-Date: 2005-05-23
Record Date: 2005-05-13
Pay Date: 2005-05-20

is from the 3 million to 1 sorry
 
Posted by keithsan on :
 
not in my account yet, really not expecting them, think its a screw up again by ameritrade. I will write back to same person if they're not in by AH closing.
 
Posted by Trader88 on :
 
Funny NR today. Looks like the only difference between this one and the one Fri. is that they removed "We are very grateful to the SEC for having acted so quickly in response to our request for help" and replaced it with "We are very grateful to the SEC for having acted so quickly"

What a difference a day makes as to what someone was quoted as saying, LOL!
 
Posted by Trader88 on :
 
"The company believes that this incorrect information about its outstanding shares entered the market place when the Pink Sheets system began reflecting that 33 million shares of the company's stock were trading "when issued" with a due bill for a three million share dividend attached to each of them, instead of showing that only the 11 shares that were actually outstanding prior to the declaration of that dividend should have been trading with that due bill attached."

Oh, really? Well, shut my mouth! I never even thought of that!
 
Posted by dishgal1 on :
 
{b}Oh, really? Well, shut my mouth! I never even thought of that!{/b}

LOL......very well said Trader....love it.
 
Posted by Trader88 on :
 
Pink Sheet system say: Tuff!
 
Posted by BuyTex on :
 
I say, rock n roll never dies.

"You ain't seen nuthin, yet!"
 
Posted by H2NRG on :
 
We seem to have hit a lull, folks. Not much to discuss for the time being. Wish we could listen in on the Gluv proceedings at SEC/NASD--that info could be interesting discussion fodder.

Guess we wait, impatiently at best.
 
Posted by H2NRG on :
 
Well, maybe something to talk about...
http://www.investorshub.com/boards/read_msg.asp?message_id=6536352
quote:
Posted by: pennyinvestment
In reply to: None
Date:6/1/2005 12:05:23 PM
Post #of 58594

Joe Glavan from sec just called me about gvrp. Anyone here that has talked to the company or ta should call him. 202-551-4572. He will not give out any direct info on the investigation but he will talk to you and let you know they are working on the case for the shareholders. I told him that all shareholders that bought before xdate are strongly expecting there due bills and that we bought according to rules, also rules should not be changed to protect company or ta.


 
Posted by H2NRG on :
 
http://www.antandsons.com/takesalook/
quote:
Takes a Look
By Thomas Catino
Chief Architect, Columnist
May 2005

Before the Ink Dried: The Chaos and Confusion Stemming From GLUV Corporation

GLUV Corporation (OTC: GVRP) acknowledged that 3 million shares of the company's common stock were issued prior to the dividend payment date. According to the company, it appears that an unknown number of those shares have been improperly traded in the marketplace throughout the last week or so. Recently, the Board of Directors of GLUV Corporation had voted that each shareholder holding shares on May 13, 2005, was entitled to a dividend of common shares at a ratio of 3 million shares for every 1 common share held on that date.

The confusion began as the company believes that at least 3 million of such shares appear to have been distributed prior to the payment date. The company is investigating the reasons behind the distribution of these shares and has even called the Securities and Exchange Commission to seek out a halt of the company’s shares. This is in connection to a major problem when the Pink Sheets Electronic Quotation System showed that the outstanding common stock of GLUV Corporation might be as high as 99 trillion shares. Believing that the Pink Sheets service was in error, the company claims that only 11 shares were “outstanding prior to the declaration of the dividend with the 3 million share dividend attached to them,” rather than the Pink Sheets service that reflected 33 million shares of the company’s stock with the three million share dividend attached to each of those shares.

Finally, on Friday, May 27, 2005, the SEC imposed a trading suspension for GVRP stock. In their trading suspension notice, the SEC cited that among other things, “the Commission temporarily suspended trading in the securities of GLUV because of questions that have been raised about the accuracy and adequacy of publicly disseminated information.” This includes the number of shares outstanding for the company, the availability of non-restricted shares for trading and delivery, the current shareholders of the company and the rights attached to ownership of these shares.

Robert W. Pearce, the company's chief executive officer, stated that he is “very grateful to the SEC for having acted so quickly in response to our request for help. The confusion about the actual number of the company's shares that are publicly available for trading appears to have caused some investors and various members of the brokerage community to be maintaining positions in our stock that are far in excess of the actual number of shares that we have outstanding. It is our hope that the SEC will ultimately resolve this problem by fashioning a solution that will permit the brokerage community to reverse the trades that should not have occurred in our stock during the past week."

As the SEC continues to monitor the situation, shareholders can only hope that trading will return to normal as soon as possible.


 
Posted by Trader88 on :
 
Terrible report. Exposes nothing. Just more parroting of GLUV's position. Worthless.
 
Posted by cruz on :
 
nothing new to me.
 
Posted by H2NRG on :
 
Yeah, garbage report. Regarding the web site...
http://www.investorshub.com/boards/read_msg.asp?message_id=6536854
quote:
Posted by: matrix
In reply to: garrett800ca who wrote msg# 58600
Date: 6/1/2005 12:30:33 PM
Post #

That site is run by one of the CMKX pumpers. They're just one step above WillyWiz. Don't worry about them.


 
Posted by keithsan on :
 
Thank you for contacting us today regarding Gluv Corp.

The Homeland Productions restricted shares were issued based on and older cusip for Gluv Corp, 379896103. The record date was 5-9-05.

After reviewing your account, you never traded the Gluv Corp shares with cusip 379896103, therefore you are not entitled to the restricted stock spin off.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Joy Busse
Apex Reorganization and Safekeeping, Ameritrade
 
Posted by H2NRG on :
 
quote:
Originally posted by keithsan:
Thank you for contacting us today regarding Gluv Corp.

The Homeland Productions restricted shares were issued based on and older cusip for Gluv Corp, 379896103. The record date was 5-9-05.

After reviewing your account, you never traded the Gluv Corp shares with cusip 379896103, therefore you are not entitled to the restricted stock spin off.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Joy Busse
Apex Reorganization and Safekeeping, Ameritrade

Perhaps the SEC/NASD will decide differently? Hoping so.
 
Posted by keithsan on :
 
doubt it, thats the way i had it figured, I was very surprised when they said i'd be getting them. No ex usually goes off of record.
 
Posted by BuyTex on :
 
re-reading it, I realized they changed ticker symbols--you had to buy into GL%$#&@VP or whatever it was. too bad, though, I was hoping for extra leverage...or maybe a new video camera ;-)
 
Posted by Purl Gurl on :
 
Tex, how about a consolation prize, an official
number 2 pencil and a sketch pad?
 
Posted by keithsan on :
 
sometimes i miss posts during my day job and repost same crap, then i just write nothing to take up the previous space.

[ June 01, 2005, 20:07: Message edited by: keithsan ]
 
Posted by BuyTex on :
 
keithsan, I think that's also in our thread...

purl, *he pants and nearly moans* is is is...is that a BIG CHIEF tablet?
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
Well, maybe something to talk about...
http://www.investorshub.com/boards/read_msg.asp?message_id=6536352
quote:
Posted by: pennyinvestment
In reply to: None
Date:6/1/2005 12:05:23 PM
Post #of 58594

Joe Glavan from sec just called me about gvrp. Anyone here that has talked to the company or ta should call him. 202-551-4572. He will not give out any direct info on the investigation but he will talk to you and let you know they are working on the case for the shareholders. I told him that all shareholders that bought before xdate are strongly expecting there due bills and that we bought according to rules, also rules should not be changed to protect company or ta.


yup, hydrogen power doing his ambassador work...
 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
yup, hydrogen power doing his ambassador work...

Ambassador work? Have I been designated an ambassador? [Cool]
 
Posted by BuyTex on :
 
somebody has to, lol Annie Oakley stirs up the masses, k-san pops in like the msyterious stranger, and I...simply lurk... Hydrogen Power, Diplomat Extraordinnaire!
 
Posted by keithsan on :
 
mysterious, no just don't want to chat about the 10 day suspension for 12 days [Big Grin]
 
Posted by BuyTex on :
 
i was j/k about the i-hub thread...
 
Posted by H2NRG on :
 
If I recall correctly, Purl Gurl has alluded to matrix's posts before. Here are matrix's recent thoughts about where things could be headed...

http://www.investorshub.com/boards/read_msg.asp?message_id=6544226
quote:
Posted by: matrix
In reply to: Mr. Bill who wrote msg# 1061
Date:6/1/2005 10:38:30 PM
Post #of 1068

I see these as the possibilites:

- Allow this to continue playing out. Sellers would still owe due bills to buyers. They could either settle up by offering cash, purchase stock through the company, or use the company to totally bail them out.
- Reverse all trades up through 17 May.
- Reverse the f/s only. Sellers would have to cover resulting short.
- Allow this to continue playing out until they can figure out what to do. SEC only has authority to suspend for two weeks which still may not be enough time for decision makers.
- File an emergency court order to stop trading.


 
Posted by glassman on :
 
i think matrix has forgotten that Ameritrade restricted it's clients from repurchasing whatever they did sell....

Ameritrade has a vested interest in this case now, they may be liable for all of the trades made thru their accounts...
 
Posted by George on :
 
quote:
Originally posted by keithsan:
mysterious, no just don't want to chat about the 10 day suspension for 12 days [Big Grin]

Me also...that is why I have been quite. I am glad everyone else has slowed down here. It was hard to keep up and there are 11 days to go before we trade again or not...
 
Posted by H2NRG on :
 
Class Action Lawsuit? Trying to get info from this poster to determine if this is legit...

http://www.investorshub.com/boards/read_msg.asp?message_id=6549513
quote:
Posted by: M0NEYMADE
In reply to: None
Date:6/2/2005 11:54:39 AM
Post #of 58880

GVRP: JOIN MY CLASS ACTION SUIT VS. GVRP


Brian P. Murray, Esq.
Murray, Frank & Sailer LLP
275 Madison Avenue
New York, New York 10016
http://www.murrayfrank.com

GO TO: JOIN CLASS ACTION, CONTACT US


(REQUEST THE IMMEDIATE TEMPORARY RESTRAINING ORDER AGAINST
GVRP FROM INCREASING AUTHORIZED SHARES/AND TO TENDER ALL DUE BILLS)

NEWMAN HILL
TOWERINVESTMENTS@NETSCAPE.NET

http://www.investorshub.com/boards/read_msg.asp?message_id=6549780
quote:
Posted by: M0NEYMADE
In reply to: H2NRG who wrote msg# 58871
Date:6/2/2005 12:07:51 PM
Post #of 58880

,,,,,,,Submit your contact information, and below in the comments field submit a brief description... "I would like to join in a class action against GVRP, then any additional facts that you feel that are neccessary. You can include my name: Newman Hill
email:towerinvestments@netscape.net as a reference if you wish.


 
Posted by H2NRG on :
 
This is the web site to which Newman Hill (aka M0NEYMADE) was referring:
http://www.murrayfrank.com/CM/Custom/TOCJoinAClassAction.asp
quote:
At MURRAY, FRANK & SAILER we recognize that each client that comes to us has an emotional component to their legal problem, as well as a financial one. From our first meeting, we ask the important questions—and listen to the answers. We know you need to talk to an attorney and not just meet with a paralegal or other staff member to screen your case.

If you decide to retain MURRAY, FRANK & SAILER to represent you in a class action we will represent you on a fully contingent basis as a plaintiff or representative of the class. This means that we will seek payment of our fees if, and only if, the lawsuit recovers a fund for distribution to the class. If there is no recovery we will receive no fee.

MURRAY, FRANK & SAILER will advance all expenses which typically include items such as the cost of expert witnesses and consultants, notice to the class, claims processing, travel, deposition or trial transcripts, telephone, copying, and the like. If the lawsuit is successful, we will ask the court to have our expenses paid from the fund.

If you want to put experience like ours to work for you, or have any additional questions, just contact us. You are under no obligation or commitment unless you choose to participate.


 
Posted by H2NRG on :
 
Well, one person has already contacted Murray, Frank & Sailer to join...
http://www.investorshub.com/boards/read_msg.asp?message_id=6551069
quote:
Posted by: Mr. Bill
In reply to: M0NEYMADE who wrote msg# 58870
Date:6/2/2005 1:23:42 PM
Post #of 58920

I requested information about joining. If there is enough interest why not? IMO this is a good idea. It ties the companies hands and helps require the short to cover. That is all we want. I also am wondering if enough interest is shown and they do represent us if there should not also be some kind of provision seeking a maximum limit on shares insiders could pay themselves for services rendered, etc to the current number of shares possessed by the insider (hence limit them to 11 more shares).
_______________________________________________________________
I would like information on a class action lawsuit against GVRP requesting an immediate TRO against increasing the authorized shares and require payment of due bills.

I had 1000 pre split shares and am due 3 billion post split shares (due bills overdue). I bought 2 million additional post split shares.
________________________________________________________________
Thank you, Bill McIntyre, for contacting us. As appropriate, we will reply back to you as soon as possible.


Thanks,

Murray, Frank & Sailer LLP


 
Posted by Trader88 on :
 
The last class action I joined each claimant got 20 bucks and the lawyers made 3.4 Million.
 
Posted by BuyTex on :
 
think I'll e-mail the class action lawyer with a few questions:
  1. what's your fee/percentage fee if successful?
  2. please give pertinent/relevant examples of "short-time" shareholders being granted/recognized class-action status
  3. What's the timeframe for filing? ie, when will it be too late to enroll in "the class"?
  4. if the lawsuit is successful, exactly what is the benefit?
  5. what's the downside to waiting for SEC ruling, and then, given an unfavorable ruling, filing from that position?
  6. say the suit succeeds in court-order to restrict company from issuing any more shares, but does not produce any financial results--how will you be paid?
  7. why not instead a CAL against the TA?

any other ideas? I'll leave this open until tomorrow at this time, unless someone else wants to pick up the ball and run with it tomorrow (Friday) during the day. Just please post if that is the case so I don't duplicate efforts.

Hope all possee members are happily trading good stuff--i been twisting wire and missing out, wah wah...

PURL, where's my sketch pad? Did you overnight it, or ship Ground?
 
Posted by elitedb on :
 
Guys, if a class action lawsuit is filed and the Court certifies the class you do not need to preregister or sign on with the attorney in advance to be a member of the class.

In fact quite the opposite is true. If the Judge cetifies the class you must affirmatively opt out of the class to seek an individual remedy or be bound by the results or settlement in the class action.

Lawyers file class action lawsuits knowing that their pay will be set and approved by the court as part of any settlement or recovery. Class action attorneys are paid very well sometimes better than the class.

Tex, you have some good questions. A class action lawsuit against the company seeking to prevent the new shares from being authorized seems like something is missing, like what is in it for the attorneys? To have money in the pot something other than an injunction must be filed for an recovered, ie. money damages must be sought and won.

This company does not seem to have very much in the way of assets. THE ONLY WAY TO GET PAID IS TO FIND A DEEP POCKET. Nobody wants to get out of this without something.

I personally think it is premature to decide who is responsible and from whom we can recover before we know what is going to be done. You all know I am not shy over the possible litigation, but I also know just how long it will take if it litigates and when we get started, if we start, I want to know a real plan of action that leads to us getting paid, not just some law firm.

We are all in the dark because the SEC is certainly not conferring with any of us. I absolutely would want the attorney to explain "what's in it for us". Right now, I do not know.
 
Posted by glassman on :
 
i don't think it's the company on the hook...

i think it's the DTCC and the transfer agncy....

i could be wrong tho...
 
Posted by elitedb on :
 
I agree about the transfer agency. It seems like a nightmare to sue the DTCC. Hate to think they are the party we have to go after. Much rather it be the TA.

In my very humble opinion, why sue the company? Liabilty seems doubtful and assets seem worse. The SEC will determine if they can amend to issue the additional shares and if they allow it a FLA judge is probably not going to change it. Although one is federal, the other state and never the twain shall meet (unless your the Supreme Court and Gore LOL)
 
Posted by BuyTex on :
 
I *would* like get to ___Florida___ to tell 'em, "No, you stock-geek-mafiosos, you can NOT issue any more shares or file anything else." Don't know how to do it, but it would tickle my aestheic sense of shutting down a schoolyard bully or parking lot con artist.

They should be under a magnifying glass in the hot sun, if you catch my drift...But as elite says going after damages seems premature at least until some sort of regulatory ruling.
 
Posted by H2NRG on :
 
Thank goodness this thread hasn't sunk to the nastiness that fung_derf has inflicted on the "The Golden Lists" IHUB board. Not sure what derf is trying to accomplish there.

SSP writes this to keep GVRP-holding IHUBbers focused...
http://www.investorshub.com/boards/read_msg.asp?message_id=6562595
quote:
Posted by: SSP
In reply to: None
Date:6/3/2005 11:42:53 AM
Post #of 59473

GVRP - those waiting - don't lose focus, there's potential to make good money with this situation, but if you let it ride and fade, then you bet it'll just go away with us getting screwed. Let your voice be heard, we know the facts, we know the rules, there's many parties liable for selling us the shares with due bills, and those responsible will not get off the hook easy, they must resolve it fairly and justly! Good money can be made, be prepared to work to get it.


 
Posted by H2NRG on :
 
M0NEYMADE suggests calling the SEC...
http://www.investorshub.com/boards/read_msg.asp?message_id=6564124
quote:
Posted by: M0NEYMADE
In reply to: Mr. Bill who wrote msg# 1085
Date:6/3/2005 1:09:59 PM
Post #of 1096

GVRP: SEC contact person -Joseph J. Cella in the Office of Market Surveillance of the Securities and Exchange Commission should be telephoned at (202) 551-4951.

Bill did so--perhaps it would help if more of us expressed the same concerns that Bill did...
http://www.investorshub.com/boards/read_msg.asp?message_id=6564686
quote:
Posted by: Mr. Bill
In reply to: H2NRG who wrote msg# 1095
Date:6/3/2005 1:45:04 PM
Post #of 1096

I left my name, telephone number, and expressed my opinion that the insiders should not be allowed to sell illegal shares and then cover their blunder by trying to register 250T shares and sell after the fact. I urged the SEC not to allow trhse additional shares to be registered.

I like you did not talk with the TA, company, or NASD.
I have no doubts that the incredibly skilled traders on this thread did do their homework.

Since I work during the day it is hard to do DD during the day, contact folks, etc but I do what I can given my situation.

I have little to add in terms of the investigation.
I do have a right as a legitimate shareholder to express my concern that what the company is doing is wrong and share my holdings (which I did on an earlier call). I also have the
right to express my concern that the minority shareholders (the insiders) are trying to do things to hurt the majority shareholders (traders).


 
Posted by BuyTex on :
 
not saying do NOT call SEC, but suggest writing a letter to your congressional reps, regardless of your decision to call SEC/NASD, etc...
 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
not saying do NOT call SEC, but suggest writing a letter to your congressional reps, regardless of your decision to call SEC/NASD, etc...

Do our reps really have influence here?
 
Posted by BuyTex on :
 
for whatever reason, there's been congressional interest lately, including NSS...whether it's all show, who knows? From a cynical perspective, we don't care if key reps are grandstanding as long as they bring pressure...
 
Posted by cruz on :
 
one more week guys!
 
Posted by Trader88 on :
 
Suspension expires next Friday at midnight. They must know by now what they are going to do. Haven't heard any rumors, looks like they are going to be very tight lipped, we probably won't know until Mon the 13th before the open, and then DING, a suspension extension.
 
Posted by yoke yanker on :
 
Yea, naked shorting is getting peoples attention. Saw a guest host on CNBC a few days ago who was a CEO of a small tech company. Really lambasted the NSS process. Said he was telling all the legislators if they had NSS back in Edisons day, they would still be reading by candle light. It's destroying the small innovative companies where new tech is born.
Cheers
 
Posted by George on :
 
Answer to my email complaint to SEC

Dear Mr. Westrup:

Thank you for contacting the SEC and sharing your concerns with us
regarding Gluv Corp.

As you are aware, on May 27th, the SEC issued a trading suspension for
this security. See
http://www.sec.gov/litigation/suspensions/34-51750.pdf.
You can find the reasons for the suspension listed in the SEC release.
See also GLUV press release seeking trading halt at
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C05%5C22%5C11659130.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=GVRP.

Sincerely,

Ms. Kerry McGovern
U.S. Securities and Exchange Commission
(202)551-6320
 
Posted by keithsan on :
 
MOnday is coming, almost forgot about this one [Smile]
 
Posted by Purl Gurl on :
 
Trader comments, in part,

"...probably won't know until Mon the 13th
before the open...."

Humorous GVRP made their big mistake on
Friday the 13th, one month earlier.
 
Posted by keithsan on :
 
this whole playw was "Humorous" in every possible way.
 
Posted by BuyTex on :
 
Related? Interesting nonetheless...

8:45am 06/08/05
Ameritrade board will do what's right for holders -CEO (AMTD) By Greg Morcroft
NEW YORK (MarketWatch) -- Ameritrade (AMTD) CEO Joe Moglia told analysts and investors Wednesday that they should not rule out a merger with any of the company's rivals and that the firm's board will do what's best for shareholders. Ameritrade is currently the target of an unsolicited buyout offer from rival E-Trade (ET) , and is itself seeking to buy some online trading assets from Toronto Dominion's (TD) TD Waterhouse unit. "The board understands its fiduciary responsibility," Moglia said at the Sandler O'Neill Financial Services Conference in New York, which was Webcast. "The board will do what's best for shareholders, we will do a deal with whoever is best," Moglia concluded.
http://www.marketwatch.com/news/newsfinder/pulseone.asp?siteid=mktw&dateid=38511.364689375-836422020&
 
Posted by Trader88 on :
 
OK, they've got 2 days left. Trade reversals looking more improbable. Can't wait till Monday, I hope we have a bid, covering, and investor momo added to the mix. Not out of the realm of possibility, esp. if we get to Fri PM and hear nothing. No news is good news.
 
Posted by BuyTex on :
 
My understanding is they can do nothing at all, which means grey sheets to me, or issue another suspension. In any case, they will not comment regarding any investigation--whether there is one or not--until they have results. Just the same as there was no "warning" of this suspension.
 
Posted by Trader88 on :
 
True, but if the stock is trading on Monday, it's good news for us regardless. Most likely we will hear something before Monday, just getting a little antsy here. Two weeks has seemed like an eternity. As far as issuing another suspension, I couldn't find any other case where it went longer than 10 days. Should trade on Monday, maybe greys yes. I'm watching for a news release on Friday, or early Monday AM.
 
Posted by H2NRG on :
 
But will our FS shares be reflected in our accts, so that we may trade our phantom shares starting Monday? I'm not convinced that Scottrade will do so. They're waiting for the shares to be delivered from the DTC--when will that occur???
 
Posted by BuyTex on :
 
who knows--we've returned to asking the same questions we were shuttlecocking when we let it rest, lol
 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
But will our FS shares be reflected in our accts, so that we may trade our phantom shares starting Monday? I'm not convinced that Scottrade will do so. They're waiting for the shares to be delivered from the DTC--when will that occur???

When a decision is made by SEC, they will deliver (or not deliver) as the case may be. I think we'll get them, just a question of what they will be worth at that point. If the company is able to issue trillions and trillions, you won't care whether you have them or not because they won't be worth much. In that case, only the people who already sold post f/s will win.
 
Posted by Trader88 on :
 
http://www.sec.gov/answers/tradingsuspension.htm

"For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock."

Maybe not on Monday, with or without an announcement.
 
Posted by keithsan on :
 
T88 I personally haven't seen them hold over the 10 days yet. It may have happened though, or this could be a first.
 
Posted by H2NRG on :
 
Latest email from Scottrade (20:51 EDT last night)--same old, same old...
quote:
We do understand the frustration resulting from this issue with GVRP.

As of Wednesday 6/8/05 Scottrade has received no new information regarding GCRP. This issue is still pending SEC and NASD ruling. We
have not been made aware of a time frame on this ruling. DTC has not effected the stock split at this time and they are involved in an
in*****gation of their own on this matter. Scottrade cannot post these shares to accounts until such time as DTC has completed their review and
allocated shares to Scottrade. Unfortunately there is no additional action that Scottrade can take at this time. Please be assured that Scottrade
will post shares immediately upon receiving them from DTC.Please let us know if you have further questions.


 
Posted by H2NRG on :
 
quote:
Originally posted by H2NRG:

in*****gation

should be in+ves+ti+gation (minus the + signs)--strange that this word is being filtered.
 
Posted by BuyTex on :
 
it's cuz of those punks that showed up day before yesterday, and him by himself yesterday--that's the handle he uses...
 
Posted by keithsan on :
 
quote:
Originally posted by H2NRG:
quote:
Originally posted by H2NRG:

in*****gation

should be in+ves+ti+gation (minus the + signs)--strange that this word is being filtered.
LOL-good reason behind it, bad outcome.
 
Posted by BuyTex on :
 
well, it doesn't have to be permanent: by the time those kids reach 14 or so, they will have outgrown such foolishness... ;->
 
Posted by H2NRG on :
 
stock_rancher says he talked with Scottrade reorg dept... http://www.investorshub.com/boards/read_msg.asp?message_id=6625534
quote:
Posted by: stock_rancher
In reply to: None
Date:6/9/2005 2:49:19 PM
Post #of 60774

Just spoke to Scottrade on GVRP
They are waiting for a response from the DTC on the ruling. They are sure a response is on the way and the wait for answers is coming to an end (hours). I was told that I could try back later today.


 
Posted by George on :
 
quote:
Originally posted by H2NRG:
stock_rancher says he talked with Scottrade reorg dept... http://www.investorshub.com/boards/read_msg.asp?message_id=6625534
quote:
Posted by: stock_rancher
In reply to: None
Date:6/9/2005 2:49:19 PM
Post #of 60774

Just spoke to Scottrade on GVRP
They are waiting for a response from the DTC on the ruling. They are sure a response is on the way and the wait for answers is coming to an end (hours). I was told that I could try back later today.


So they put him off till tomorrow..look at the time 2:49. If he waits a few hours to call they will be gone for the day... got to love scottrade for protecting us...
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6627858
quote:
Posted by: DesertRat1
In reply to: None
Date:6/9/2005 5:06:45 PM
Post #of 60792

Here is a forwarded email from the Chairman and CEO of Pink Sheets. I do not know the date of the memo, but I think it was sent on 5/26. As you can see a lot of the facts are wrong, plus you can see whos side they are on. Very interesting:
---------

Dear OTC market participant:

We have received many calls in the last few days regarding Gluv Corp (Other OTC: GVRP), a stock that trades in the Pink Sheets. We are very concerned about this situation and have been communicating our concerns to regulatory authorities. Let me say at the outset that it is a shame that these things occur in our twenty-first century markets. These are the facts, as far as we can tell.

On April 29, 2005, GVRP (then trading under the symbol GLVP) announced that it would be doing a reverse split, issuing one share for every 6,500,000 shares outstanding on May 12, 2005. Fractional shares were to be bought out at $.0005 each. The press release stated that the purpose of this transaction would be to eliminate minority shareholders; i.e. each of the eleven remaining shareholders would be affiliates of GVRP. The Dow Jones news wire reported that this reduced the number of shareholders to eleven.

Having successfully removed GVRP’s minority shareholders and thus all of their public float from the OTC markets, it seems that GLVP then decided to do a forward split, issuing 3 million shares for each of the eleven shares outstanding. This split was effective on May 23, 2005. Apparently, one of the eleven holders then decided to sell his stock, resulting in considerable confusion. It is also possible that some of the old stockholders who were cashed out in the reverse split were confused and decided to sell shares they didn't own.

The above information generates the conclusion that GVLP did not have any shares eligible to be freely traded in OTC secondary market transactions. An affiliate is not permitted to sell shares into the public markets, unless the shares are registered or the shares are sold pursuant to Rule 144. Since we do not have any information that a Form 144 was filed with the SEC and/or adequate current information was publicly available about GVRP, affiliates were not permitted to sell their stock under the Rule 144 safe harbor. It seems apparent that someone was selling (and purchasers receiving and reselling) unregistered stock in violation of the securities laws and that some broker-dealer failed to determine whether its customer was permitted to sell this stock, or even had stock to sell, disregarding the "know your customer" rules.

Our opinion is that trading needs to cease and all trades since May 12th should be cancelled. But, Pink Sheets is not a regulator and has no authority to cause that result. Thus Pink Sheets is supportive of broker-dealers efforts to work with the SEC and NASD to establish the full facts regarding this situation and find an appropriate solution. We will of course supply any information we have concerning the trading in GVRP to broker dealers and securities regulators that request it.

Unfortunately, this sort of activity is completely unnecessary in today's markets. There should be a procedure for prompt notification to an appropriate regulator so that "clearly erroneous" trading can be easily halted before damage is done and funds are released. A fast OTC regulatory halt authority will protect investors and minimize back office confusion. As it is, no one is sure who to call so that many more trades occur while the various regulators work to determine where the problem belongs. This results in investor frustration, lost resources, and we suspect, from time to time the people responsible for this activity may get away with it. None of which are desirable.


Situations like this only happen if the sneaky operators think they can get away with it. Thus we are strongly in favor of broker dealers and the securities regulators singling out one regulatory path for prompt action so situations like this are easily halted.

We will provide further updates when we know more.


R. Cromwell Coulson

Pink Sheets LLC
Chairman & CEO
304 Hudson Street, 2nd Floor
New York, NY 10013
212.896.4444 w
212.868.3846 f




 
Posted by yoke yanker on :
 
IS this legit? Doesn't read as if written by the Chairman and CEO of the Pink Sheets.
 
Posted by H2NRG on :
 
quote:
Originally posted by yoke yanker:
IS this legit? Doesn't read as if written by the Chairman and CEO of the Pink Sheets.

I don't know. Interesting to see how it all plays out.
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
quote:
Originally posted by yoke yanker:
IS this legit? Doesn't read as if written by the Chairman and CEO of the Pink Sheets.

I don't know. Interesting to see how it all plays out.
Yoke, I haven't traced it, but I have read his "open letter" against NSS, and it *does* read like his phraseology, at least on first read...great question, though. Have you got time to track it? If not, I may have time tomorrow...
 
Posted by H2NRG on :
 
A couple of interesting posts regarding the letter from the Pink Sheets Chairman...
http://www.investorshub.com/boards/read_msg.asp?message_id=6628933
quote:
Posted by: Dr Worm
In reply to: DesertRat1 who wrote msg# 60786
Date:6/9/2005 7:50:51 PM
Post #of 60827

The Pink Sheets CEO whining about previous regulatory gaps?? Remember, companies on the Pink Sheets are "non-filers by choice" they are there for the sole purpose of AVOIDING regulation and filing requirements.

This letter is disingenuous hypocracy. The Pink Sheets wants more regulatory authority? Like to halt shady operators and misinformation from being a factor in their market? Ha ha -- right! Whey the hell do you think the damn thing exists? The Pink Sheets exists solely on the principle of laissez-faire taken to the bloody extreme.

http://education.yahoo.com/reference/encyclopedia/entry?id=26946

Oh, and I'm sure the head cheese at the Pink Sheets R. Cromwell Coulson carries a lot of sway with the SEC. So that letter will get prompt attention at the rafters of the SEC. They can turn it into a paper airplane up there on the top floor, throw it off the roof, and see how far it flies...

The KEY PHRASE in the whole thing is this, and only this:

...Pink Sheets is not a regulator and has no authority to cause that result...

The Pink Sheets liontamer is trying to calm the savage beasts that make a market with them. This has got to have made their coven very nervous -- and now their Chairman is calling for more regulation?

Unreal. Zwilight Zone stuff.

http://www.investorshub.com/boards/read_msg.asp?message_id=6628943
quote:
Posted by: Mr. Bill
In reply to: DesertRat1 who wrote msg# 60786
Date:6/9/2005 7:52:40 PM
Post #of 60829

Attitudes like these cause more problems than they solve.

http://www.netdisaster.com/go.php?mode=dog&url=http://www.pinksheets.com/index.jsp

* Where is his outrage about the elimination of minority shareholders ?
* Why did he conveniently "FORGET" the part about the spin off to themselves of a POS nobody wanted anyway
* How did he forget to mention that the buyout price of .0005 was undervalued by about a factor of FIVE ?
* How come he failed to bring to light the MERGER which occurred ?
* Why did he fail to highlight the fact that the TRANSFER AGENT delivered stock prior to the payment date ?
* Why does this guy not bring up when other folks sell without 144s being filed? Happens all the time and they overlook this. First time it is to their benefit it is used as an excuse.
* The company THEN decided to do a 3M to 1 FS like it was an AFTERTHOUGHT and not part of the original plan? Give me a break. What a POS.
* He seems to forget many agencies and other organizations were NOTIFIED and they DID NOTHING.


 
Posted by BuyTex on :
 
these points should be immediately assimilated by the hive-mind and result in a ****FLOOD**** of e-mails back to Mr. Pink.

Otherwise, we are "comfortably numb."
 
Posted by pcloadletter on :
 
So how do I contact the DTCC and figure out why my dividend has not settled. Trading Direct is still waiting on conformation. LOL!

I would like to ask the DTCC why the shares haven't settled. The original pre-split shares did.
 
Posted by H2NRG on :
 
quote:
Originally posted by pcloadletter:
So how do I contact the DTCC and figure out why my dividend has not settled. Trading Direct is still waiting on conformation. LOL!

I would like to ask the DTCC why the shares haven't settled. The original pre-split shares did.

http://www.dtcc.com/contactus.htm
 
Posted by pcloadletter on :
 
found that too...which department is the specific question I have.

I don't see a "Why are you doing this to me?" Dept.
 
Posted by H2NRG on :
 
Perhaps this one...
Relationship Management Hotline (212) 855-4155
If they won't talk about GVRP, perhaps they could talk about marital or family issues? LOL

I recall reading a post on IHUB stating that DTC will only talk with brokers--so, you may have to bluff your way to talk with someone there. I can't get IHUB to come up at the moment, or I'd try to find the post.
 
Posted by pcloadletter on :
 
Maybe they would like to talk about my relationship with my broker that won't give me whats past due.
 
Posted by BuyTex on :
 
lol, pc, call em and report back...tell em ur with the recently formed CITIZENS COMMITEE! I busted my ST guy again today...PRESSURIZE these scamsters--->imho, they're ALL in on it. I'm gonna make my congressperson's office a living h*e*l*l tomorrow. TOMORROW IS THE DAY! Push Push Push...do you want crooks to win? PUSH--contact your US REP, SCREAM at your Senator....
 
Posted by pcloadletter on :
 
I just sent the following email to the clearing agent for Trading Direct. I will post any response that I receive.

______________________________________________
I purchased 57 shares of GVRP (GLUV Corporation) on 5/18/2005.
While the 57 shares are in my account, I still have not received the dividend shares that are past due on delivery (171,000,000 shares to be exact).

I have contacted Trading Direct, and they are unable to tell me where my shares are. The SEC halt is soon ending. Assuming the stock is trading Monday, I would like the option of being able to trade my shares. The delivery is past due. I have an account with Wells Fargo that has already received the dividend shares.

With the quick fluctuations of the market today, I would like to be in the position to trade these shares should the opportunity arrise.

Please advise me of the status of the dividend that is past due and what my options are.

Thank you in advance,
pcloadletter

_______________________________________________

Kindergarten was tough with a name like that [Wink]
 
Posted by pcloadletter on :
 
Morgan Stanley Pays $2.65M for Violations
Thursday June 9, 6:31 pm ET
By Michael J. Martinez, AP Business Writer
Morgan Stanley Paying $2.65 Million to Settle Charges of IPO Lock-Up Violations


NEW YORK (AP) -- Wall Street firm Morgan Stanley agreed to pay $2.65 million to settle charges it sold stock in an initial public stock offering it had managed while the shares were still under what's known as a "lock-up" period, the National Association of Securities Dealers announced Thursday.
 
Posted by JHenry on :
 
Is there any specific indication this is for GVRP? If it is do you think any of this $2.65 million will go to investors to buy back shares?
Just wanted to get some of your professional thoughts on this. I don't know very much about trading. Thanks
 
Posted by pcloadletter on :
 
nothing specific to GVRP...sorry...up all night

just somebody being held responsible for their mistake....hopefully this will happen with GVRP
 
Posted by Purl Gurl on :
 
I'm taking bets on another trading suspension,
before or on Monday.

Purl Gurl
 
Posted by George on :
 
Purl...I love the new picture...

I bet either way we continue to get screwed for a while
 
Posted by Purl Gurl on :
 
"...we continue to get screwed for a while...."

That is the norm!

My thought is today is Friday. If an announcement
doesn't come out today, from the DTCC on shares,
Monday morning will be too late. Brokers need time
to disperse shares, to update accounts and all that.

However, the SEC and the DTCC are populated by
blithering idiots. They might just wait until
Monday morning to announce a decision. It is
possible they will do nothing at all and allow
trading to resume, sans forward split shares.

Today would seem make or break.

I've been changing my picture once a week to
keep you boys off guard.

Purl Gurl
 
Posted by keithsan on :
 
reversing trades will be hard IMO come monday. Keeping this under suspension for past the 10 days seems unlikely also.

Trading on monday, that could be interesting.
 
Posted by BuyTex on :
 
well, the SEC *can't* announce a thing till after 11:59 tonight, although that shouldn't in theory prevent an announcement from DTC...
 
Posted by dishgal1 on :
 
According to this it may not resume trading after the suspension......

http://sec.gov/answers/tradingsuspension.htm

What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended?

No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.


Will trading automatically resume after ten days?

It depends on the market where the stock trades. Different rules apply in different markets.

For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.

In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
 
Posted by dishgal1 on :
 
Sino Silver SSLV.ob........also had a trading suspension from May 17th thru May 31st......it is showing that it resumed trading on the 2nd.

http://sec.gov/litigation/suspensions/34-51698-o.pdf

Looks like we may start trading again, but they may be very cheap shares. I suppose they will end up doing a reverse split again...
 
Posted by Purl Gurl on :
 
Good homework, Dishgal. Thank you.

Appears trading might be messy with brokers left
to decide.

I will be watching close on Monday for forward
shares to show in my account.

Again, nice research of yours.
 
Posted by dishgal1 on :
 
This is just my opinion of course, but I think they will provide the shares to cover our accounts. No reversals IMO............of course it will be up to the brokers to post the opening price....we may be like CMKX....LOL.......but there again, an awful lot of people bought into CMKX and it did move up at one point. This could possibly turn out good for us in the end.
 
Posted by keithsan on :
 
Dish, the rule is they don't HAVE to resume trading, they just normally do. You'll have to check with people older than me. To see if any where held longer, I'm not aware of any.

AS far as the SEC just letting them have all the shares they want to hand out, I don't think the company will get off that easy, if they do, we are all in trouble.
 
Posted by dishgal1 on :
 
Keith, I am wondering how else could they cover our accounts (phantom shares) ???

I totally agree with what you are saying but I don't see any other scenario...am I missing something? If they don't have them, then how else could they appear in our accounts? What is your best guess? I may be older than you but you have been trading much longer than I.
 
Posted by keithsan on :
 
I have no magic answers Dish:

Scenario 1: forced buyback

Scenario 2: reverse all trades after the split and the company tenders an offer to our pre-split shares.

This scenario would punish the company some but not a lot and give us some bank. Also would be legal bye the books for the SEC.

Scenario 3: Everyone who screwed up has to buy back the shares they sold. Which would be legal by the SEC etc... and would be a HUGE payday for us. This can happen if the screwups have enough insurance.

Phantom Shares: this will NOT happen because SEC is way to involved on this one, every share owner would sue etc...
 
Posted by cruz on :
 
for scenario 2 - i will take 1500.00 a share for my pre-split shares.

quote:
Originally posted by keithsan:
I have no magic answers Dish:

Scenario 1: forced buyback

Scenario 2: reverse all trades after the split and the company tenders an offer to our pre-split shares.

This scenario would punish the company some but not a lot and give us some bank. Also would be legal bye the books for the SEC.

Scenario 3: Everyone who screwed up has to buy back the shares they sold. Which would be legal by the SEC etc... and would be a HUGE payday for us. This can happen if the screwups have enough insurance.

Phantom Shares: this will NOT happen because SEC is way to involved on this one, every share owner would sue etc...


 
Posted by pcloadletter on :
 
1500? weren't they trading at around 20,000?
 
Posted by cruz on :
 
well at one time they were trading at 143000.00 per share. i'll take that as a settlement per share i have. [Smile]

quote:
Originally posted by pcloadletter:
1500? weren't they trading at around 20,000?


 
Posted by BuyTex on :
 
Yikes.
summary--we had on the thread already that SEC, per Dish's most recent dig, could simply allow trading to resume, which absent other directives would condemn it to the gray sheets.

There is, apparently, in the past 5 years, two or three occasions when SEC imposed back-to-back suspensions.

LOGICALLY--if you trace all variables minus emotional-what-should-happen, you arrive at Master Keiths option #2:
"Scenario 2: reverse all trades after the split and the company tenders an offer to our pre-split shares.

This scenario would punish the company some but not a lot and give us some bank. Also would be legal bye the books for the SEC."


SEC wants legal. Congress has been alerted. SEC is lacking a new boss. President, via citigroup, is instructing staff to keep distance.

If they can get off with banking investors a little, punishing the wrongdoers, and make this go away, THAT IS EXACTLY what they will do.

If you want full bank, call your Senators and Congress-reps all weekend. Call your local papers. Call the AP. Call Reuters

I talked to my congressional rep's office 5 times today...at one point, they were "through--that's all we can do."

An hour later, they called me back... from DC, not Fort Worth...


If ya wanna move the stars, ya gotta push like giving birth...
 
Posted by dishgal1 on :
 
LOGICALLY--if you trace all variables minus emotional-what-should-happen, you arrive at Master Keiths option #2:
"Scenario 2: reverse all trades after the split and the company tenders an offer to our pre-split shares.

This scenario would punish the company some but not a lot and give us some bank. Also would be legal bye the books for the SEC."


Sounds logical but how would that affect the F/S shares that were traded the first few days after?
 
Posted by vg on :
 
Morning dish!
Feels like we moved back 2 weeks in time where we'd wake up early in the morning on the weekend to talk abt GVRP
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
LOGICALLY--if you trace all variables minus emotional-what-should-happen, you arrive at Master Keiths option #2:
"Scenario 2: reverse all trades after the split and the company tenders an offer to our pre-split shares.

This scenario would punish the company some but not a lot and give us some bank. Also would be legal bye the books for the SEC."


Sounds logical but how would that affect the F/S shares that were traded the first few days after?

they would all be reversed. never happened.
 
Posted by dishgal1 on :
 
Keith, but if they reversed the trades, wouldn't they go all the way back to our first purchase?
 
Posted by BuyTex on :
 
Dish the rationale of this argument is that officials have given up on "what's right," froma tradres perspective, but rather what can we do to prevent traders from profiting "too much" yet still have some penalty for whomever deserves it...and they may do something entirely else...how long did CMxx whatever drag on before they held a hearing?
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
Keith, but if they reversed the trades, wouldn't they go all the way back to our first purchase?

yes, remember there were only supposed to be 11 shares on our first purchase. Because after the split the screw up became worse. Going back pre-split fixes a lot, but the company would still need to buy back the extra shares.
 
Posted by Trader88 on :
 
quote:
Originally posted by vg:
Morning dish!
Feels like we moved back 2 weeks in time where we'd wake up early in the morning on the weekend to talk abt GVRP

vg, feels like the good ol' days, huh? Those first few days/weekend I remember that I got almost no sleep. Not going to let that happen this week. I will sleep fine selling all my stock at .001
 
Posted by cruz on :
 
i am estimating 19000 per share around the 1st week of may. i will take that for each of my pre-split shares. are you reading this gvrp?
 
Posted by cruz on :
 
i like .001 better for my post-split shares [Smile] you are not leaving out extra zero there, are you trader?

quote:
Originally posted by Trader88:
quote:
Originally posted by vg:
Morning dish!
Feels like we moved back 2 weeks in time where we'd wake up early in the morning on the weekend to talk abt GVRP

vg, feels like the good ol' days, huh? Those first few days/weekend I remember that I got almost no sleep. Not going to let that happen this week. I will sleep fine selling all my stock at .001

 
Posted by Trader88 on :
 
Heck no, .001 is where its going, why take .0001? That's where this baby starts, the floor.
 
Posted by BuyTex on :
 
From a very engaging academic paper on NSS--full of technical formulas for those who like that sort of thing--this pithy passage, positing DTC as both pivotal to the problem and the path from predicament:
quote:
Each short position is compared to the member’s DTC account to determine if the
member has enough shares on deposit to settle the short position. If so, then the DTC transfers
the required number of shares from the member’s DTC account to the NSCC’s DTC account.
Based on instructions from the NSCC, the DTC transfers shares received from members with
short positions to the accounts of members with long positions. If the member with a short
position does not have enough shares in its account to cover the short position, then the NSCC
has five choices. It can wait another day to see whether the seller cures the fail by delivering the
shares. Second, if it determines that the open short position is a high-priority obligation, it can
attempt to arrange to borrow enough shares through its stock borrowing program to satisfy the
open position (NSCC, 2003). If it is unable to borrow the shares, then the DTC has the three
remaining choices: (a) it can demand a dealer buy-in (forcing the selling broker-dealer to buy the
shares in the open market and deliver them to the DTC), (b) buy the shares itself in the open
market and charge the cost of the buy-in to the account of the seller, or (c) as a last resort,
demand that the seller break the trade and compensate the buyer for the associated cost.

Note "breaking trades" is "last resort." This seems to imply at least the possibility of some combination of (a) & (b) under "three remaining choices." In which case, TA/MM nexus may be buying Ameritraders' shares for delivery to DTC for shipment to the other brokers for individual accounts, which must themselves be bought back.

If nothing else, I think we should keep applying pressure for (a)/(b) as it forces following the rules and avoids the "last resort," which lets scheming no-goodniks effectively off the hook.

link to the paper:
http://www.rgm.com/articles/Finnerty-ShortSelling.pdf
 
Posted by vg on :
 
Guys, Crazy thought but could this be possible.
No broker apart from ameritrade is showing the shares, so is it possible that ameritrade shorted the shares, thinking they'll sell at .0001 and buy the at market value the first few days, making money from their own clients. Give the clients the shares, some of the clients sell at market value(the newbies) ameritrade makes crazy money not knowing that the SEC would get in. When Tuesday came by the saw that this is kind of out of control so they allow only sells to get more "shares" back.
I dont know was just a crazy thought.
 
Posted by BuyTex on :
 
Because some of those Monday trades settled on Thursday and some traders, I believe, were able to transfer cash to other (bank) accounts, even on a "broken trade," I maintain that my costs are NOT my original investment but the value of my f/s shares which were illegally withheld. This is not the "unrealized profit" argument: I have rights to something of x value, as proven in the market. This is no longer "speculation," but proven fact.
 
Posted by vg on :
 
I dont know if anyone was able to transfer any money out, I had it half way processed and then stopped I couldn't with draw anything. I dont think anyone else did either
 
Posted by pcloadletter on :
 
Didn't have it processed out, but used it for bank on PLNI and UALAQ and PSTC. Easy to make money with a small bankroll!

(Wellsfargo still assures me the shares are in hand [Smile] and still unrestricted)
 
Posted by BuyTex on :
 
vg, pretty sure some on i-hub got dough out...did you guys read the thing about DTC options from that academic paper?
 
Posted by pcloadletter on :
 
No, cliff note version available?
 
Posted by vg on :
 
Well I guess i'm wrong, I didn't check out I-hub, I stick to this bulletin board, and PC could use it too so must be available, I haven't tried to use that money to trade.
 
Posted by pcloadletter on :
 
Should someone start a new thread before tomorrow. GVRP - The Morning After ?
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
No, cliff note version available?

"If it is unable to borrow the shares, then the DTC has the three remaining choices:
 
Posted by vg on :
 
Hey tex why do you take a break your name is the only one I see all over the place its Saturday man get away from the computer for some time get a drink at 8.0, downtown, or something else
 
Posted by vg on :
 
I meant dont you
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by pcloadletter:
No, cliff note version available?

"If it is unable to borrow the shares, then the DTC has the three remaining choices:
  • (a) it can demand a dealer buy-in (forcing the selling broker-dealer to buy the shares in the open market and deliver them to the DTC),
  • (b) buy the shares itself in the open market and charge the cost of the buy-in to the account of the seller, or
  • (c) as a last resort, demand that the seller break the trade and compensate the buyer for the associated cost.

I like choice "a"
 
Posted by pcloadletter on :
 
Thank you!
 
Posted by Trader88 on :
 
pcloadletter, I wonder why your broker has let you do this, and no other brokers have. Strange, but I hope the other brokers follow in your brokers footsteps.

If there is money in other stocks, possibly withdrawn, etc. there is no way reversal is even possible. Looks like they're not going that route anyway, because its been 2 weeks and no trade reversals. Looks like the greys on Monday, or if we are lucky maybe we'll even have a bid! I tend to agree, this won't be a jackpot, but those of us who bought pre f/s have a chance to make some serious bank before this is all over. At least 50 bags, imo.
 
Posted by BuyTex on :
 
quote:
Originally posted by vg:
I meant dont you

i took a nap, earlier--does that count?

actually, i prolly am going out later, to book the band I manage. The deal with the deal about this deal, was answering a question about NSS when I ran across that article by the perfesser, and since it seemed appropos, I approposted it...i have a windows/Mac network, working on band flyers on my big Mac, which is next to this machine, so it's easy to monitor the board...thanks for thinking of me, though, vg. And actually, 8.0 is on my list for bookings...nyuk nyuk
 
Posted by pcloadletter on :
 
Wells Fargo actually called me back the Tuesday after the Split to verify my shares were "truely" in my account.

I sold some, 20 million and used the bank to play. Wells sent me a conformation letter in the mail. They even offered to liquidate the account for me by telephone order.

I have not once seen a restriction on my account.

Hey! Maybe the insider uses Wells also and I really do have the shares. [Smile]
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
Wells Fargo actually called me back the Tuesday after the Split to verify my shares were "truely" in my account.

I sold some, 20 million and used the bank to play. Wells sent me a conformation letter in the mail. They even offered to liquidate the account for me by telephone order.

I have not once seen a restriction on my account.

Hey! Maybe the insider uses Wells also and I really do have the shares. [Smile]

Yeah, but in reality he only had 1 share to sell! If you only sold 1 share, I guess you'd be alright.
 
Posted by pcloadletter on :
 
By people trading this, it has made a total reversal almost impossible.

How can they claim we were shorting this if they "verify" that shares are in the account? That is what the insurance is for.

People trading this is what everyone needed to happen, otherwise, a reversal was easy and the insiders get off. A large, public, exposed mess is what the market needed. All eyes will be on this and the outcome. Washington can't afford for the share holders to get the shaft. I can see the headlines now:

"Shareholders Trust the System and Lose Savings: Is the New Social Security Plan Safe?"

This is getting good. I look forward to the movie.
 
Posted by BuyTex on :
 
i am actually considering trying to shop a screenplay...the tricky part, initially, is that much "action" takes place on a monitor screen and inside the various "characters'" heads...that's hard to translate to a movie screen...love the headline, btw
 
Posted by Trader88 on :
 
I think A LOT of eyes are on this. With GW's Social Security proposal, this goes all the way to the White House. I wouldn't doubt if there are Congressional eyes on this as well.

This GVRP thing needs to become a poster child, and an example needs to be made of it, so that something like this will never happen again. I hope that's what's going on here. Not just so we can make a lot of money, it really is the principle of the matter.
 
Posted by BuyTex on :
 
Trader, i can guarantee you "Congressional eyes" are on this. Fact. What they will do is, of course, conjecture...but some have been alerted I know for certain. I urge everyone involved to send a terse summary with DTC's options clearly spelled out to your reps and senators. It's easy; they all have Web sites with some sort of e-mail page. A couple of sentences and some cut n paste.
"Breaking trades" is "last resort" that would allow rule breakers off the hook and force lawsuits to recover true value, not "original investment" plus commissions. We are no longer talking about "unrealized profit" from a speculative play: The market has proven their worth.
 
Posted by pcloadletter on :
 
Another reason that the short trading after the split was good. It put actual value on the shares.
 
Posted by Trader88 on :
 
The market has said that .0001 is the floor. So, yes, we are owed more than just what we initially paid, most certainly.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by BuyTex:
quote:
Originally posted by pcloadletter:
No, cliff note version available?

"If it is unable to borrow the shares, then the DTC has the three remaining choices:
  • (a) it can demand a dealer buy-in (forcing the selling broker-dealer to buy the shares in the open market and deliver them to the DTC),
  • (b) buy the shares itself in the open market and charge the cost of the buy-in to the account of the seller, or
  • (c) as a last resort, demand that the seller break the trade and compensate the buyer for the associated cost.

I like choice "a"
I like choice (b)...ever notice how peeps treat a company vehicle? If I were the responsible seller, I'd much rather manage the buy-back than let DTC do it and then send me a bill...
 
Posted by Trader88 on :
 
a or b, but c no way, unless we're compensated at the last market value, .0002.
 
Posted by Trader88 on :
 
Anyone try phoning the T/A lately, or are they still 'gagged by gluv'? LOL
 
Posted by BuyTex on :
 
T88, imho, we needa not contact anybody unless it's US reps and senators. seriously...the SEC/NASD/DTC nexus KNOWS what a clusterphuck this is. Only a few congress-types are aware, or more accurately, "somebody" on their staff. But once they get it, man, I'm saying again, on Friday they tried to shove me off in the DC office of my rep and send it back to the Fort Worth "home office", then late in the day I'm driving and get a call on my cellphone--from DC. "Yessir, we are definitely looking into it."
 
Posted by pcloadletter on :
 
just email my senators
 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
T88, imho, we needa not contact anybody unless it's US reps and senators. seriously...the SEC/NASD/DTC nexus KNOWS what a clusterphuck this is. Only a few congress-types are aware, or more accurately, "somebody" on their staff. But once they get it, man, I'm saying again, on Friday they tried to shove me off in the DC office of my rep and send it back to the Fort Worth "home office", then late in the day I'm driving and get a call on my cellphone--from DC. "Yessir, we are definitely looking into it."

How are you summarizing what's going on with Gluv to your reps and senators?
 
Posted by pcloadletter on :
 
I went the route of my concerns about Social Security Reform and used GVRP situation of an example of my mistrust and concern for a failing securities system that the SEC can no longer control or regulate. I explained the failure to deliver on my retirement account which is "protected" by laws that apparently cannot or will not be enforced.

What is the system coming to when we cannot expect a security to be delivered once payed for?

How can a broker charge a fee and then refuse to complete the transaction?

How can we make money when they are stealing it?

How can I stop rambling? [Smile]
 
Posted by BuyTex on :
 
rambling rose,

figured you'd want this thread poised...
 
Posted by H2NRG on :
 
Just talked with Scottrade. No change since Friday. Reorg dept doesn't open for another hour--try back after they're in. Same old, same old... "blah, blah, blah". Or is it... "blasé, blasé, blasé"? Sigh.
 
Posted by Trader88 on :
 
blah, blah, blah is right. All the brokers in collusion now, to make everyone confused so that nobody will trade GRVP, even though it's no longer suspended. I still want my shares delivered this week!
 
Posted by pcloadletter on :
 
No news yet......weird

Wait almost over or just beginning?

Most still need their shares (except AT and WF)

Coffee Time!
 
Posted by dishgal1 on :
 
Shares are still showing at Ameritrade......

Sino Silver had no news either before it started trading again after suspension.

As per SEC that I posted earlier in this thread, they will not make a statement. So, I think anything we learn will probably come from the broker at this point. Just my opinion.
 
Posted by pcloadletter on :
 
whats the opening price?

.0001
.01
.1
?????
 
Posted by cruz on :
 
i tried a sell order this morning - not allowed.
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
whats the opening price?

.0001
.01
.1
?????

10.0
 
Posted by pcloadletter on :
 
I've got two open sell orders waiting for open.

Looks like maybe I set the market.

Of course buyers and MM's are needed but hey, I can almost feel the power.


Sounds like Wells Fargo is the only Broker allowing trades. Maybe GVRP could just call me direct and settle this quick and easy?
 
Posted by Trader88 on :
 
Can I ask, did you sell at market? Just a test sell?
 
Posted by dishgal1 on :
 
Mine is still showing zero.........tried to do a sell order and it says it is invalid.
 
Posted by pcloadletter on :
 
Never thought of that, I will try one if the market doesn't move. I have an odd feeling "someone" as going to buying all shares they can get.
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
Never thought of that, I will try one if the market doesn't move. I have an odd feeling "someone" as going to buying all shares they can get.

Hahaha, yeah "someone" will, hehehehe
 
Posted by dishgal1 on :
 
They are trading....has anyone called Ameritrade?
 
Posted by pcloadletter on :
 
It is trading!
 
Posted by pcloadletter on :
 
stuck at 9:30 something is up!

Maybe the ask
 
Posted by pcloadletter on :
 
RE-suspended!
 
Posted by dishgal1 on :
 
Just spoke with Ameritrade. They said it is not trading publicly because they have not received an answer from SEC as yet.

The trade showing was not a public trade, he said. ?????? What is up with that?
 
Posted by Raptorsrule on :
 
well another one (non-public) just went through at .0002..

BS!
 
Posted by DirtyDealer1123 on :
 
Etrade will not trade this stock either. They were informed this is now a "grey stock" and the best he can/will do for me is let me find a way to trade it on my own. So if nothing else I will wall paper my house in it!!! But the split shares are still not showing in my account! And when I get a call back in an "hour" I will let you know what I am told.
 
Posted by pcloadletter on :
 
Wells Fargo just called me. Need to talk about GVRP....currently on hold
 
Posted by dishgal1 on :
 
This is BS........unbelievable....
 
Posted by Raptorsrule on :
 
HOLY CRAP! a trade just went through at .001. Dish check your account value!
 
Posted by DirtyDealer1123 on :
 
OMG RAPT!!! I seen that. Instant erection, then I realized I have no way of trading!!!
 
Posted by pcloadletter on :
 
Not supposed to be trading.

Everyone is confused!
 
Posted by cruz on :
 
i can't place an order thru ameritrade! it's at 0.0005!
 
Posted by dishgal1 on :
 
So if these aren't public trades, then WHO exactly is trading?
 
Posted by keithsan on :
 
interesting:
http://www.nasd.com/web/groups/rules_regs/documents/upc_notice/nasdw_014363.pdf
 
Posted by keithsan on :
 
spoke with Ameritrade: no transactions in this stock. Buys or Sellls.

I told them it has volume and I want to switch them to a brokerage that will trade them. They told me shares of GVRP are non transferable right now. This could change at anytime they also said.
No reason why given.

On the above link, I will delve deeper into the rules when I get out of work.
 
Posted by dishgal1 on :
 
It sounds as if (as per link above)......we should not be seeing a quote at all if we are not allowed to trade.
 
Posted by pcloadletter on :
 
They are public trades, I just got off the phone with Wells.

Basically, they cancelled all my GVRP orders. The were warned about trading this even though it is technically open. Any trades that sneek through from Wells will have funds put on hold.

They have calls into the SEC and NASD but aren't getting any answers.

Funny though, Wells reorg department told me I own more shares than exist.

Imagine that.
 
Posted by BuyTex on :
 
does this show up on anybody's L2s? How are we getting a feed?
 
Posted by Raptorsrule on :
 
Just sent this to Ameritrade.

Please see provided SEC link regarding GVRP.

My shares are posted to my account and the stock is trading.

Does Ameritrade have the shares from the DCT. I'm assuming you do since they are posted to my account. The stock is currently trading at .0005 and has hit .001. This represents substantial gains for my self and I am highly interested is seeing that Ameritrade resolves this matter quickly. Please advise As soon as possible.

Thanks,

XXXXXXXXXX

http://www.nasd.com/web/groups/rules_regs/documents/upc_notice/nasdw_014363.pdf


I have also been on the phone with them and all they say is they are working on the matter but since thay are receiving conflicting reports they are not allowing trades at this time.....

Thanks for the link Keith.

UGHHHHH!
 
Posted by cruz on :
 
ameritrade says - the trading going on is the company (GVRP) reorganizing their securities. wierd! these brokers don't know anything. they said i can place a sell order over the phone but i would be responsible for reversals. they said i need to call GVRP to found out what's the status. GVRP can't do anything. give me a break.
 
Posted by keithsan on :
 
cruz, all my conversations were by phone and checked with supervisors. No trading by them at all.
 
Posted by cruz on :
 
i did call ameritrade. i asked why there was trading going on and i can't trade. she says - the trading involved the company reorganizing their securities. doesn't make sense. like i said these brokers don't know what's going on really. she says i need to callGVRP to find out the company plans on doing. LOL

by the way keithsan - good job on txei!
 
Posted by Raptorsrule on :
 
Ameritrade's response....yeah...Dumb $hits...it's market sensitive....

Thank you for submitting your e-mail inquiry to our Ameritrade Apex Team.

In order to best address your inquiry, your e-mail has been forwarded to a team that specializes in these types of issues. Typically, their hours of operation are Monday through Friday from 8 a.m. until 4:30 p.m.

If your inquiry or request concerns a trading or market sensitive issue, we strongly urge you to phone our Apex Team toll free at 888-871-9007 or from most areas outside of the United States, 800-598-2629, 24 hours a day, 7 days a week.

Ameritrade cannot be responsible for changes in market prices that may occur while e-mail responses to market sensitive issues are processed.

Sincerely,

Apex Client Services
Ameritrade, Division of Ameritrade, Inc.
Member NASD/SIPC


System response and access times may vary due to market conditions, system performance and other factors.
©2005 Ameritrade, Division of Ameritrade, Member NASD/SIPC
 
Posted by dishgal1 on :
 
"The company is reorganizing their securities"

Yeah right, reorganizing what they (GLUV) say doesn't exist. LOL........now that is a super answer....too funny.
 
Posted by Trader88 on :
 
This is the biggest bunch of bs I have ever seen. Why don't they come to a damn resolution on this. This is insane
 
Posted by Trader88 on :
 
ihub golden list has GVRP bashers, thats hilarious! Must really be something to this, LOL.
 
Posted by cruz on :
 
i show 26 mil in volume today.
 
Posted by DirtyDealer1123 on :
 
Well now I have been disconnected from Etrade 4 times. Allthough, the last one I spoke with said the split shares have been delivered. Opps now they are saying they havent been delivered. SHHSH!!! What BS!!! and what do ya know yet another "disconnect"
 
Posted by dishgal1 on :
 
Interesting post from IHUB....

Posted by: matrix
In reply to: garrett800ca who wrote msg# 1212 Date:6/12/2005 3:01:29 PM
Post #of 1245

The only problem was that we didn't get our due bills, I think that is why the stock was suspended.

Nope, guess again.


Everything else is by the book, they chose the date of the r/s and f/s, they chose to sell shares early. Nothing illegal about that. All done by the book. The only thing that broke the rules is when our due bills became overdue. Why do you think they waited until Friday the 27th to halt? Because before that, there was no reason to.

They violated a number of regs here. To suspend a stock, the SEC staff has to collect information first then present a case to the commission who ultimately decides whether its proper to suspend. This takes time.


Reverse trades? I would like to hear one good reason why they would even think of doing that.

People have presented possible reasons. You have chosen to ignore them.
 
Posted by BuyTex on :
 
Saw that; I like this one, too:
quote:
Posted by: uwm135
In reply to: None Date:6/13/2005 10:54:38 AM
Post #of 61634

I just called the NASD office and they told me to sit tight at wait. There should be another update by the end of the day.

They are aware of the issue and it seemed to me positive.

Frank


 
Posted by dishgal1 on :
 
I have spoken with AmTrade once and emailed 3 times. The first 2 replies were the typical BS general responses with no real info. The third I wrote, just flat out asked them what the problem was, suspension had ended, now what was going on.

That email was sent at 9:15........no response yet. The other 2 were answered within minutes.
 
Posted by Raptorsrule on :
 
I want to know what the hell the SEC did for two weeks! Sure they've lifted the suspension but they issued the "we still don't know WTF is going on so you better be careful...." letter....

WHAT A JOKE

Yes...I'm getting pissed again!
 
Posted by BuyTex on :
 
the warning was from NASD; seemed double-edged to me, as in, "verify the shares" to one audience, yet "must follow the rules" as in must deliver (?) to another...??? I dunno...the fact that it traded at all is encouraging to me. Even though still confusing, any action is better than it simply sitting there...
 
Posted by DirtyDealer1123 on :
 
Raptor, I belive Im passed pissed. Etarde "disconnecting" for 6 times now. Just left a message with NASD (202-728-8071). Secertary gave me the voice mail. But according to her there has been several calls today, about GLUV (go figure). But also assured me, my call would be returned, by someone who was fully aware of the situation.
 
Posted by Raptorsrule on :
 
TEX...I hear ya....but...NASD, SEC...whoever...fact is they've had two weeks to get this resolved...and it clearly isn't.

Just got off the phone with AMTD...no new news. I did ask the fellow point blank. "were the shares now residing in my account delivered to AMTD" His response: Yes. The reason we are not letting our clients trade is because intil we get a ruling the company could take the shares back. I asked him if he had ever seen that happen before and he stated yes, once. It was quite a mess.

My friends....there is no way in hell they can take the shares back in my opinion.
 
Posted by BuyTex on :
 
I think it's *possible* that it is resolving:

1) SEC did not issue another suspension, thereby letting it "go back" to NASD, under whose authority it trades

2) we saw trading--somebody's buying. Why?

3) Ameritrade verified once again that your shares are in your account; whether the company can pull them back now is debateable, imho, but clearly they could not pull back "imaginary shares," ergo, they exist. A good sign, imo, *perhaps* indicative of the theory that Ameritrade and Wells Fargo shares will be bought to send to the DTC...

4) NASD could issue a "halt," but instead, reportedly tells one caller more or less to "stay tuned" and look for update on NASD Web site later today...

to wit an update from that poster, to fellow board members quizzing him about why he thought the NASD response was, indeed, "positive":


quote:
Posted by: uwm135
In reply to: fung_derf who wrote msg# 61630 Date:6/13/2005 11:18:30 AM
Post #of 61676

What made it positive was that she talked very nicely that they wereaware of the situation and she said to stay tuned to the NASD website. SHe said that an update will be given by the end of the day.

To me thats positive. She was very nice. Their are not going to bust all trades thats for sure as you can all see now. It traded today again. I dont belive it will be suspended again.

It just sounded positive.

Frank

then another...

quote:
Posted by: uwm135
In reply to: None Date:6/13/2005 11:21:53 AM
Post #of 61678

Everyone should call NASD Office and Demand questions. Phone numbers where u can call are :2403865126 or 202.728.8071.

OTCBBKING. I belive they want this resolve and they did say just sit and wait. another update will bve given by end of day call ameritrade later. Reason I say this and it sounded positive is beucase when I said i felt it was criminal them {he's referring to Ameritrade --bt}not letting me sell my shares she said to call them later.

Frank


 
Posted by dishgal1 on :
 
Answer to 9:15 email.....that's Tx. time....finally got a response....Note the phrase----
"Our policies are intended to balance the needs of the client and the Firm, and to offer risk avoidance to both parties."

Seems they are worried about liability IMO.


Thank you for contacting us today regarding GVRP.

I apologize for any frustrations this may have caused you. While we appreciate that other firms may have different policies concerning trading activity for this security, Ameritrade reserves the right to process orders pursuant to our own policies and guidelines. Our policies are intended to balance the needs of the client and the Firm, and to offer risk avoidance to both parties.
 
Posted by dishgal1 on :
 
Does anyone have the link to Nasdaq where we should watch? I can't find anything on the Nasdaq site about this.
 
Posted by Raptorsrule on :
 
Good points Tex....

It's like the old ketchup commercial jingle (catsup for you northern folk...LOL)

"anticipation...."
 
Posted by Purl Gurl on :
 
Raptor, we are dealing with Wall Street. They will
do whatever they want with impunity. Those actions
taken, will be those which profit the most, Wall
Street and friends.

Personally, I don't expect any favorable outcome
for individual investors. I do expect GLUV and
market makers to profit significantly, and their
profits will be enabled by Wall Street, which
includes the DTCC, NASD, the SEC and the rest.

It is clear security laws are being violated,
and are done so with knowledge individuals
cannot do anything about that.

If you, the reader, think "things" are bad now,
wait until Bush installs Cox to chair the SEC.

To suffer less pain and aggravation, you really
should simply bundle up your life savings, in
cash, then mail your money to the famous ranch
over in Crawford, Texas.
 
Posted by DirtyDealer1123 on :
 
Does anyone know why some brokers, ie Ameritrade and Scottstrade openly admit to having recived the post split shares. While Etrade, will admit to having the shares, then say, no they have not been delivered. Is this even possiable? Could some post split shares been delivered to some brokers, but not others?
 
Posted by cruz on :
 
anybody having problems buy/selling anything thru ameritrade. all of my orders are being cancelled.
 
Posted by cruz on :
 
i am talking any stock.
 
Posted by George on :
 
quote:
Originally posted by dishgal1:
Does anyone have the link to Nasdaq where we should watch? I can't find anything on the Nasdaq site about this.

It is NASD not nasdaq.

http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&nodeId=5
 
Posted by George on :
 
NASD Notice to Members 05-41 - June 2005

Important Information Regarding the Suspension of Trading in the Securities of Gluv Corp.1
Executive Summary

NASD is issuing this Special Notice to Members (Special NTM) to advise member firms and other interested parties of certain actions and issues relating to the trading of the securities of Media Magic, Inc. (formerly known as Gluv Corp.). This Special NTM also is intended to remind members of their responsibilities with respect to Securities and Exchange Commission (SEC) Rule 15c2-11 and NASD Rule 6740.



Questions regarding this Special NTM may be directed to the Office of General Counsel, Regulatory Policy and Oversight, NASD, at (202) 728-8071; or the Legal Section, Market Regulation, NASD, at (240) 386-5126.



1 NASD has been informed by issuer’s counsel that Gluv Corp. has changed its name to Media Magic, Inc., although NASD has not received formal notice of such.


View Full Notice PDF 28 KB


http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_014362.pdf
 
Posted by Raptorsrule on :
 
News

Gluv Corp. Announces Issuance by NASD of Special Notice Warning Member Firms About Trading in Gluv's Common Stock
Business Wire - June 13, 2005 12:21

WEST PALM BEACH, Fla., Jun 13, 2005 (BUSINESS WIRE) -- Gluv Corp. (Pink Sheets:GVRP) announced today that the NASD had issued a Special Notice admonishing NASD Member Firms and other interested parties to "exercise great caution when executing customer or proprietary trades, including member-to-member transactions for the purposes of resolving open fails, until such time as members can be assured that the shares in circulation were part of a bona-fide issuance."

The NASD's notice continues by stating: "Members are reminded that, pursuant to SEC Rule 15c2-11 and NASD Rule 6740, no quotation may be entered unless and until a member has complied with all of the requirements of the rules, including SEC Rule 15c2-11(a)(5). SEC Rule 15c2-11(a) requires, among other things, that based on a member's review of the issuer information specified therein, a member must have a reasonable basis under the circumstances to believe that the issuer information is accurate in all material respects and the sources of such information are reliable. Until the questions surrounding the information and documents of Gluv Corp. are resolved, member firms should be aware, that in the context of Form 211 filings, NASD has significant concerns as to whether a member would have a reasonable basis to believe the accuracy or reliability of information relating to Gluv Corp."

The notice concludes by advising the member firms that: "SEC staff has indicated that it will entertain requests for relief by firms with regard to the net capital charges related to trades in Gluv Corp. that occurred before the close of business on May 27, 2005, but that such relief will not extend to trading that commences after the cessation of the temporary suspension."

In order to prevent further trade settlement problems from occurring while a solution to the problem is implemented, the company has instructed its transfer agent not to permit any transfers of ownership of its shares to be recorded on the stock records of the company.

SOURCE: Gluv Corp.

For Gluv Corp., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com

Copyright Business Wire 2005
 
Posted by BuyTex on :
 
holy moly...
 
Posted by Raptorsrule on :
 
Yep.....shoulda sold it all.....
 
Posted by cruz on :
 
wouldn't make a difference - you would have had to buy them back.

quote:
Originally posted by Raptorsrule:
Yep.....shoulda sold it all.....


 
Posted by BuyTex on :
 
missed this the first pass through, athough the PR takes pains to mention it:
quote:
"SEC staff has indicated that it will entertain requests for relief by firms with regard to the net capital charges related to trades in Gluv Corp. that occurred before the close of business on May 27, 2005, but that such relief will not extend to trading that commences after the cessation of the temporary suspension."

yet another time distinction....hmmmm

Also, notice it mentions a solution...they're trying to run the bogus 250 trillion through? Then why the buying this morning?
 
Posted by dishgal1 on :
 
Cruz......the relief implies everything before the 27th would be covered.

Oh, and how would we buy back when no one is allowing trades?
 
Posted by Purl Gurl on :
 
The SEC and GLUV have effectively stated,

"We win! You lose! Ha! Ha!"

Gil T. Ashell
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Raptorsrule:
Yep.....shoulda sold it all.....

Prior to the suspension of course.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Purl Gurl:
The SEC and GLUV have effectively stated,

"We win! You lose! Ha! Ha!"

Gil T. Ashell

Nice huh.....
[Mad]
 
Posted by keithsan on :
 
My read is that we still have no decision...

I gotta read deeper but cant till i get home.
 
Posted by Raptorsrule on :
 
This from Ameritrade:

Dear XXXXXXXX:

Thank you for contacting us today regarding GVRP.

Ameritrade has made the decision not to allow further trading based on guidance from the SEC which states "Although trading will no longer be suspended, members should exercise great caution when executing customer or proprietary trades, until such time as members can be assured that the shares in circulation were part of a bona-fide issuance."

We are required by the SEC and NASD to have a reasonable basis to believe that the issuer's information is accurate in all material respects and the sources of such information is reliable. Until questions surrounding the information and documents of Gluv Corp. are resolved, we do not have a reasonable basis to believe the accuracy or reliability of the information surrounding Gluv Corp.(GVRP).

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Brian McCarthy
Apex Trade Resolution, Ameritrade
Division of Ameritrade, Inc.
 
Posted by dishgal1 on :
 
I agree Keith....nothing looks settled and may not for some time to come.
 
Posted by Purl Gurl on :
 
"...it will entertain requests for relief...."

Translation: We are not going to do anything.

"...by firms with regard...."

Translation: Market Makers only.

"...to the net capital charges...."

Translation: Net charges to Market Makers, not
individuals, that is "net" not "gross" charges.

"...before the close of business on May 27, 2005,
but that such relief will not extend to trading
that commences after the cessation of the temporary
suspension."

Translation: We are going to do nothing and we
are covering our arses from here on in.

"...the company has instructed its transfer agent
not to permit any transfers of ownership of its
shares...."

Translation: We are not going to cover naked shorts.

--

Summary: Investors are screwed again by Wall Street!

--

Next up, GLUV floods markets with trillions of
shares, at no cost to them while pocketing funds
received from buyers early on, and while bringing
in more funds from sells of trillions of shares
to gullible gits.

Justin Credible
 
Posted by keithsan on :
 
the new release from nasd when taken with the earlier nasd news linked. basically has one new paragraph. the entertain requests for relief.

Who is requesting relief? whoever f'd up and sold the shares. Why are they requesting it? Cause they are totally screwed.

Will Nasd grant them relief, semi-relief or no-relief, we will find out in the future.
 
Posted by Purl Gurl on :
 
"...whoever f'd up and sold the shares...."

Translation,

Wall Street, which is comprised of the SEC, NASD,
DTCC, Market Makers, brokers and companies, have
and will deliberately ignore their own rules on
naked short selling.

The transfer agent for GLUV messed up, discounting
a possibility this was a planned action. In the end,
which is where we will get it, GLUV and Wall Street
will come out all rosey and dandy.

All of this sets precedence for actions like this
in the future. Wall Street and companies are now
becoming aware they can make a "mistake" selling
"enticing forward split" naked shorts, pocket
the money, refuse to cover, then authorize more
shares to sell to the gullible along with, if
needed, creating "cover" shares, just in case.

Great scam to which the SEC will turn a blind eye.

Entice buyers with naked forward split shares,
then authorize shares to cover. Impressive!

Hey, if you don't buy a lottery ticket, you won't
win the lottery! We took a chance, and Wall Street
won again with help from a corrupt government.

Justin Case
 
Posted by rrttd on :
 
on my scottrade account it still shows 40 sh and they took away the little # by it that was there last week that ment i couldnt trade it but when i go into gains keeper of S.T. it shows 120000000 shs i wonder can i take that amount and deduct it off taxes for this year
 
Posted by DENSKIJR on :
 
Interesting,

I called Amtd to see where I stand. Since I sold 100 million of my 300million shares. So she says I have the 200 million I can sell them but can not remove any of the funds from the sell of or from my previos sell of 100 million until they get word what to do. Has anyone tried to use the funds that they sold to buy other stock and did that work. I assume it wont but just checking in.

LOL and have a great day

Dennis
 
Posted by BuyTex on :
 
"net capital"

http://www.sec.gov/rules/final/34-49830.htm

I don't see a smoking gun, but it may be useful later...
 
Posted by Raptorsrule on :
 
Just talked to a Scottrade buddy of mine....he's been talking wih the SEC they told him they(GVRP) can NOT just march the 250tt new a/s in...

He also says the broker rumor mill is that Ameritrade is now trying to have the trades busted.....
 
Posted by dishgal1 on :
 
Then we should all contact AMTRADE and let them know if they are responsible for doing that, they will be losing a lot of customers.
 
Posted by Purl Gurl on :
 
Personally, I think those Texans are responsible
for this mess.

Readers need to be very careful about Wall Street
using terms, "net" and "gross" in statements. The
SEC used "net" for a reason unknown to us. That
word was not a casual insertion.

Semantics are one of Wall Street's weapons to
defraud individuals, to defraud America.

Often, a company will release very good news with
a subject title, "...record breaking gross profits."

That is gross deceit.

Savvy traders will look at net profit and will
look at how that net profit was calculated.

Gross Profit: $100,000,000
CEO Pay: $125,000 plus stock options.
Expenses: $125,000,000
Net Profit: loss ($250,000,000)

If you, the reader, do not instantly realize
the reason for the net loss, grab your money
and run like Hades to the arms of Momma!

Christopher Cox, the Bushie nomination to chair
the SEC, is a strong opponent to stock option
disclosures. He will help conceal how employees
are actually paid, to the detriment of investors.

Expenses! Look at a 10Q for RVNM and you will
quickly realize where those expenses derive.

The SEC carefully chose semantics in their news.
Use of "net" and "firms" is legalese CYA.

When Cox the Corrupt takes over, you better CYA!

Hugh Dunnit, attorney
Hook, Lyon & Sinker, LLC
 
Posted by keithsan on :
 
"The transfer agent for GLUV messed up, discounting
a possibility this was a planned action. In the end,
which is where we will get it, GLUV and Wall Street
will come out all rosey and dandy"

My bet on this play is that GLUV wont be all fine and dandy, if Nasd wanted it that way, it would be finalized already.

Hopefully they make the F'ups play by the rules no matter who it be, and their insurance agencies. They are currently entertaining relief for these screwups,! I doubt they will let them off scottfree.

BUT:

we have no clue yet.
 
Posted by Purl Gurl on :
 
Oh yes! Most important semantic used,

"...will entertain...."

Time proven semantic for, "We ain't doing Jack."

I. Dolittle, attorney
Stamer, Stuter & Stahl, LLC
 
Posted by dishgal1 on :
 
400,000 more have been traded....
 
Posted by BuyTex on :
 
PG writes--
""Readers need to be very careful about Wall Street
using terms, "net" and "gross" in statements. The
SEC used "net" for a reason unknown to us. That
word was not a casual insertion.""

that's why I grabbed that link to "net profits," and looking for more.
 
Posted by Purl Gurl on :
 
I read that link a couple of times. I will have
to return and read it a few more times before
I can begin to make sense of it all.

You think I write nonsense!

Still think those Texans are responsible for all this.
 
Posted by Purl Gurl on :
 
This is more fun than reading pump & dump
articles by our resident Maxwell Smart!

It is well worth my $250 to give Wall Street
a severe headache!

I am leaning towards trades will be broken.

There is too much publicity and trader involvement
for any obvious swindle to take place. No guarantee
on that; Wall Street knows it enjoys impunity.

Ilene Thatway, attorney
Diddle, Daddle & Doolittle, LLC
 
Posted by BuyTex on :
 
Where *are* they trading? Can anyone see which MMs are trading?
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
Oh yes! Most important semantic used,

"...will entertain...."

Time proven semantic for, "We ain't doing Jack."

I. Dolittle, attorney
Stamer, Stuter & Stahl, LLC

if your correct, that would be great, it would imply they are giving no relief to the company. No reversal of trades etc...
 
Posted by cruz on :
 
volume increased to 28 mil from 26 mil
 
Posted by keithsan on :
 
when reading SEC mumble jumble I like to borrow the ed pages of universities, they sometimes explain better: findem easily thru google. Rule stated in Pr:

http://www.law.uc.edu/CCL/34ActRls/rule15c3-1.html
 
Posted by Purl Gurl on :
 
Tex, only rumors on trades.

Some say on the grays. Others say private trades.
A broker said something about GLUV restructure
of shares. Another rumor is TD Waterhouse is
allowing trades through Canada. Who knows?

My feed shows no market makers, but other feeds
might show market makers.
 
Posted by Trader88 on :
 
"In order to prevent further trade settlement problems from occurring while a solution to the problem is implemented, the company has instructed its transfer agent not to permit any transfers of ownership of its shares to be recorded on the stock records of the company."

This is blowing my mind. How can they just decide this? Unbelievable.
 
Posted by BuyTex on :
 
T88: You hire a TA to do work you could do yourself...hired hand, not gov't
 
Posted by keithsan on :
 
I got no mm's, not allowed to trade, not even allowed to take my shares elsewhere.
 
Posted by BuyTex on :
 
I don't get how they can keep you from moving your shares...


Isn't there some way we can find out who's trading?
 
Posted by Trader88 on :
 
Looks like it's time for lawyers. There HAVE to be some legal remedies here, they cannot just instruct their T/A not to deliver shares!

OK, then I guess the new precedent is this:

Dump insider shares into a buying market with due bills attached, take your money you made, then solve it by barring your T/A from issuing the due bills!

Simple, easy money. I wouldn't be surprised to see this being the new pink sheet scam tactic perpetrated on the public.
 
Posted by dishgal1 on :
 
10 million more traded....BS here.
 
Posted by Trader88 on :
 
quote:
Originally posted by dishgal1:
10 million more traded....BS here.

This is what I want to know: Someone is trading this, however small. If they are allowed to, why can't I? This is outrageous, I'm contacting the SEC with my current concerns this afternoon.
 
Posted by BuyTex on :
 
38,856,700
 
Posted by George on :
 
scottrade only show 4.8 mil traded
 
Posted by BuyTex on :
 
i'm on scottrade....????
 
Posted by dishgal1 on :
 
Ameritrade is showing 38,857,600

Trader it is truly outrageous....who is making the trades? I don't believe it is the company adjusting either. By their opinion, there is nothing to adjust.
 
Posted by BuyTex on :
 
I'm pushing every button I know to find out who's buying/selling...NASD gave me the runaround for 15 minutes, then finally said they'd walk my name and number "over to Legal." I'd love to find out DTC is buying or forcing the original sellers to buy...
 
Posted by cruz on :
 
here's my email reply from ameritrade re volume today.

Thank you for contacting us today regarding GVRP.

I apologize for any inconvenience this may have caused. We are aware that GVRP resumed trading today; however, Ameritrade is not accepting any opening or closing transactions for this security at this time. We do not have further information on when the restriction will be lifted. Thanks for your understanding and patience.

If you have further concerns or inquiries, please reply to this message.
 
Posted by DENSKIJR on :
 
Thank you for contacting us today regarding GVRP.

I apologize for any inconvenience this may have caused. We are aware that GVRP resumed trading today; however, Ameritrade is not accepting any opening or closing transactions for this security at this time. We do not have further information on when the restriction will be lifted. Thanks for your understanding and patience.

If you have further concerns or inquiries, please reply to this message.


That's funny they told me over the phone I could only sell but couldn't use the funds for anything.

what a bunch of Crap!!!!!!
 
Posted by BuyTex on :
 
jeez if I had em, i (think) i'd be happy to sell...
 
Posted by Trader88 on :
 
Any word on Congressional interest? I'm compiling my notes and getting ready to shoot letters off to SEC and Senators and Reps, media. IMO, it's time to shine the light on this scam, or we ain't gettin nothin.
 
Posted by BuyTex on :
 
I sent you an approximation of what I sent one Senator, right?
 
Posted by Balder on :
 
how are things going here?

some of you may remember I bought in on that last magic friday, and then sold it the same day and ended up with approx $50 after taxes.

I certainly cant read 100 pages of the thread... did I make the right move back then?
 
Posted by Trader88 on :
 
quote:
Originally posted by Balder:
how are things going here?

some of you may remember I bought in on that last magic friday, and then sold it the same day and ended up with approx $50 after taxes.

I certainly cant read 100 pages of the thread... did I make the right move back then?

One question: If I may ask, were you able to withdraw that $50 or put that money into other stock? Just curious how many who bought and sold pre split were able to realize any proceeds. TIA.
 
Posted by Balder on :
 
not sure, it was through ameritrade.

I bought 100 shares and a few hours later sold all 100.
 
Posted by BuyTex on :
 
i think I remember you saying you put profits into PLNI...
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
I sent you an approximation of what I sent one Senator, right?

Yes, thanks for that Tex. I think that if we want what is due, we are going to need to fight. This situation is a disaster, we have all the ammunition we need. The market rules are on our side. We've reached the next step, IMO. Massive exposure is what's needed now to blow this sucker up publicly.
 
Posted by BuyTex on :
 
did Gerald Ford's pre-emptive pardon of Nixon bother anyone? This, on DTCC letterhead, is infuriating:

http://www.investrend.com/articles/frame.asp?sUrl=/link_redirect.asp?Url=http://www.nscc.com/impnot/notices/notice2005/a6029.pdf

A#
P&S#
6029
5599
DATE: MAY 16, 2005
TO: ALL PARTICIPANTS
ATTENTION: MANAGING PARTNER/OFFICER,
CHIEF EXECUTIVE OFFICER
CHIEF OPERATIONS OFFICER
OPERATIONS PARTNER/OFFICER
COMPLIANCE OFFICER
SUBJECT: RULE FILING APPROVAL – SR-NSCC-2004-09
On December 8, 2004, National Securities Clearing Corporation ("NSCC" or “the Corporation”) filed
and on May 9, 2005 the Securities and Exchange Commission ("SEC") approved rule filing SRNSCC-
2004-09, which consists of modifications to NSCC’s Rules and Procedures (the “Rules”) to
memorialize the Corporation’s current standard of care and limitation of liability.
The approved changes create a uniform standard limiting NSCC’s liability to direct losses caused by
NSCC’s gross negligence, willful misconduct, or violation of Federal securities laws for which there is
a private right of action. In addition, the changes: (a) memorialize an appropriate commercial
standard of care that will protect NSCC from undue liability; (b) permit the resources of NSCC to be
appropriately utilized for promoting the accurate clearance and settlement of securities; and (c) are consistent with similar rules adopted by other self-regulatory organizations and approved by the Commission.

Questions regarding SR-NSCC-2004-09 should be directed to Allison Finnegan, Senior Associate
Counsel, at (212) 855-3283, or to the undersigned at (212) 855-3203.

Karen L. Saperstein
Managing Director and General Counsel
 
Posted by BuyTex on :
 
quote:
Originally posted by Balder:
not sure, it was through ameritrade.

I bought 100 shares and a few hours later sold all 100.

or maybe not PLNI, maybe you joked about going to a movie...
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
did Gerald Ford's pre-emptive pardon of Nixon bother anyone? This, on DTCC letterhead, is infuriating:

http://www.investrend.com/articles/frame.asp?sUrl=/link_redirect.asp?Url=http://www.nscc.com/impnot/notices/notice2005/a6029.pdf

A#
P&S#
6029
5599
DATE: MAY 16, 2005
TO: ALL PARTICIPANTS
ATTENTION: MANAGING PARTNER/OFFICER,
CHIEF EXECUTIVE OFFICER
CHIEF OPERATIONS OFFICER
OPERATIONS PARTNER/OFFICER
COMPLIANCE OFFICER
SUBJECT: RULE FILING APPROVAL – SR-NSCC-2004-09
On December 8, 2004, National Securities Clearing Corporation ("NSCC" or “the Corporation”) filed
and on May 9, 2005 the Securities and Exchange Commission ("SEC") approved rule filing SRNSCC-
2004-09, which consists of modifications to NSCC’s Rules and Procedures (the “Rules”) to
memorialize the Corporation’s current standard of care and limitation of liability.
The approved changes create a uniform standard limiting NSCC’s liability to direct losses caused by
NSCC’s gross negligence, willful misconduct, or violation of Federal securities laws for which there is
a private right of action. In addition, the changes: (a) memorialize an appropriate commercial
standard of care that will protect NSCC from undue liability; (b) permit the resources of NSCC to be
appropriately utilized for promoting the accurate clearance and settlement of securities; and (c) are consistent with similar rules adopted by other self-regulatory organizations and approved by the Commission.

Questions regarding SR-NSCC-2004-09 should be directed to Allison Finnegan, Senior Associate
Counsel, at (212) 855-3283, or to the undersigned at (212) 855-3203.

Karen L. Saperstein
Managing Director and General Counsel

UNREAL!
 
Posted by BuyTex on :
 
Insurance co: I'm sorry your new $200,000,00 Masserati got totaled by our client. How much did you pay for it?


Owner of car: It doesn't matter what I paid for it--it may have been a gift. Replace it with another new one or pay me what it's worth...
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
Insurance co: I'm sorry your new $200,000,00 Masserati got totaled by our client. How much did you pay for it?


Owner of car: It doesn't matter what I paid for it--it may have been a gift. Replace it with another new one or pay me what it's worth...

GVRP: Doesn't matter what we paid for it either. Pay us what it's worth. This is the 5th day of post split trading, and the market seems to think it's worth anywhere from .0001 to .001
 
Posted by BuyTex on :
 
In addition to your own reps, to inform members of the US Senate Committee on Banking, Housing, and Urban Affairs, go here and click on the members' names:
http://banking.senate.gov/index.cfm?FuseAction=Information.Membership

To contact members of the Senate Finance Committee, go here and click on the members' names:
http://finance.senate.gov/sitepages/committee.htm
 
Posted by DirtyDealer1123 on :
 
Just a thought, but has anyone tried to contact the AARP? With the way they are fighting the cuts to social security, maybe they might be intrested. If nothing else maybe, they could help in getting some pr, and or pressure. Just a thought. Or it could be late, and Ive had too many.
 
Posted by dishgal1 on :
 
Dirtydealer....I think you have a good point about AARP.........they are very much against the SS reform.

We need someone like Purl, who speaks so eloquently to contact them.

Purl are you there?
 
Posted by Purl Gurl on :
 
Dishgal, Bush has already defeated himself on this
social security reform issue. He toured the states
for months taunting his Wall Street angle. His
proposals have been firmly rejected by all.

Bush's plan to give retirement funds to Wall Street
is now a dead issue.

However, he did appoint that crook Chris Cox to
chair the SEC. That move is an obvious one to
further enhance the ability of Wall Street to
defraud American families of their money.

The Cox issue is one readers should be gravely
concerned about. Cox will be confirmed unless
readers take action. My opinion is Cox will be
confirmed because almost all know nothing about
Cox and his background. Apathy will prevail and
all America will lose more money to Wall Street
than would have been lost under Bush's attempt
to pull off a social security scam.

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/008095.html
 
Posted by Purl Gurl on :
 
On GVRP, people are all over this one. Hundreds
of us have and are making phone calls, writing
mail, contacting regulators and politicians.

A lot of pressure is being brought to bear, much
as Don Quixote brought pressure to bear on a
bunch of windmills.
 
Posted by dishgal1 on :
 
200 shares just traded?????
 
Posted by khartmann on :
 
Hello... I have been reading this for the last 2 weeks now. I also am awaiting my f/s shares that are owed to me. I purchased 100 shares on Friday the 20th, sold 20 shares that same day, then purchased 7,000 on Tuesday the following week just to see if it would trade...

Hope this all gets resolved soon....

by the way.. you guys and gals know your stuff ... I have learned a ton from you all
 
Posted by Trader88 on :
 
I agree and have said also that part of what's needed here is media exposure. I have no problem telling them about this, but the fact is that assignment desks are bombarded daily with literally THOUSANDS of things people want them to investigate. I know, I used to work for a television news station. I'll do the best I can, but just wanted to warn people here that 99.99% of the stuff they get is put in the trash, well written good story or not. It will be very difficult to get huge media exposure on this, much less any, just a heads up for the people who don't know the news business. It's just not as easy as you think to get a TV or radio station to put your story on.

[ June 14, 2005, 15:50: Message edited by: Trader88 ]
 
Posted by Trader88 on :
 

 
Posted by cruz on :
 
what's this trading today all of sudden at 0.0002 on 31000 vol
 
Posted by DENSKIJR on :
 
now volume at 2,600,200 ????????
 
Posted by Trader88 on :
 
Now thats what you call "running into the close" ROTFL!!
 
Posted by cruz on :
 
cant place an order on amtd still
 
Posted by BuyTex on :
 
just got in--have we ever figured out who is trading?
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
just got in--have we ever figured out who is trading?

Yep. Tony Soprano.
 
Posted by George on :
 
I wonder why my scottrade elite only shows 400000 traded again today...is anyone using elite or basic? what do you show?
 
Posted by BuyTex on :
 
basic: 2.6mm
 
Posted by Trader88 on :
 
Well, it sure is nice to be up 100%. Looks like we'll be on some watch lists tomorrow, LOL.
 
Posted by dishgal1 on :
 
Well, dear me....what a run at the end of the day. Can't wait for tomorrow's dump. LOL
Oh yeah I forgot, we aren't allowed to sell.....

This is just plain and simple BS
 
Posted by Trader88 on :
 
You know what, someone is buying and selling. It doesn't matter how small the volume, the fact is that someone just bought this at .0002! I have shares to sell at that price, why in the hell am I prohibited from doing so, and yet someone out there can?

If they want to halt the stock, halt it, but geez don't let 1% of the people trade it and the other 99% not! This is what pisses me off the most right now.
 
Posted by BuyTex on :
 
heard that: suggest you start making calls, find out who is trading, 1st step. thas what I'm doing; called NASD #s given on "special notice," 1 is "not accepting phone calls." The other gets a secretary's voicemail...
 
Posted by khartmann on :
 
is the class action out of the picture at this point?
 
Posted by Purl Gurl on :
 
There has to be damages before lititation can
be effected. So far, there are no damages.

Purl Gurl
 
Posted by Purl Gurl on :
 
However, a lack of damages does not prevent you
from proving yourself a headache to the SEC
and other regulatory bodies, nor does a lack
of damages prevent you from reporting what you
perceive to be unlawful trading activities.
 
Posted by Trader88 on :
 
Class action lawyer would get millions, each investor would get pennies on the dollar. Not worth it, IMO.
 
Posted by BuyTex on :
 
I'll wait for elitedb to comment on that, or keithsan or glass or purl. Elite is overdue, in my book, the way this has turned...lol would like for him to chip in...

From my pov, anything is fair game for valid discussion and ocassional whoop-de-doo...

As Elite pointed out, we need take no action to join a class action, but rather would take steps to disqualify therefrom...Presumably if the class action is successful, one must somehow "sign up," but we haven't gotten that far in discussion.

My main route is to make sure congressional reps know and ask them to bring pressure on DTCC to do its job. The shares have failed to deliver, SCIT EM BOY! instruct the seller(s) to buy on the open market and deliver em to you, or buy em yourself and charge the seller(s)' account then ship to brokers...

The rub? the DTCC is looking more and more complicit, for instance recently having granted (itself, in essense) NSCC a pre-emptory pardon, limited its "liability to direct losses caused by
NSCC’s gross negligence, willful misconduct, or violation of Federal securities laws for which there is a private right of action . . ." Many believe DTCC is, in fact, at the heart of the "failed-to-deliver/NSSS" problem, 180-degrees from its supposed charter. To me, this grows like Watergate, new revelations almost daily, and should now be considered part of what has been labeled "Stockgate." More: I have come to believe the entire affair is revelatory of a threat to our way of life logarithmically/exponentially more dangerous than anything hinted at in Watergate...

If that sounds far-fetched, AHHHGG Chicken Little!first, I would ask anyone to answer these questions:

more to come, I'm sure...
 
Posted by BuyTex on :
 
ha, well, some chimed in as i was pulling the trigger...never fails...DOH, not true...i refeshed the wrong page!
 
Posted by BuyTex on :
 
Wily, I contend I do have damages...**whirrr clickk clickk Whirrr*** this site under construe-tion...
 
Posted by Trader88 on :
 
The damages I would claim right now would be that someone is able to sell shares @ at least .0001 and I am not able to. The damage is the money I could get for selling my shares that I am being prohibited from selling.

Regulators need to get on the ball pretty quick! Things are worse now than they were before because now most of us are being excluded from trading, while GVRP continues to be traded by someone. Outrageous stuff here, I have truly never seen anything like this ever.

The regulators are not doing a very good job of regulating! Come on guys, do your job, protect us from this nonsense!
 
Posted by BuyTex on :
 
**to narrow the focus of recent post**

My main route is to make sure congressional reps know and ask them to bring pressure on DTCC to do its job. The shares have failed to deliver, SCIT EM BOY! instruct the seller(s) to buy on the open market and deliver em to you, or buy em yourself and charge the seller(s)' account then ship to brokers...

The rub? the DTCC is looking more and more complicit, for instance recently having granted (itself, in essense) NSCC a pre-emptory pardon, limiting {edit} its "liability to direct losses caused by
NSCC’s gross negligence, willful misconduct, or violation of Federal securities laws for which there is a private right of action . . ." Many believe DTCC is, in fact, at the heart of the "failed-to-deliver/NSSS" problem, 180-degrees from its supposed charter. To me, this grows like Watergate, new revelations almost daily, and should now be considered part of what has been labeled "Stockgate." More: I have come to believe the entire affair is revelatory of a threat to our way of life logarithmically/exponentially more dangerous than anything hinted at in Watergate...

If that sounds far-fetched, AHHHGG Chicken Little!first, I would ask anyone to answer these questions:
*who* is trading gvrp in the past two days...
*who* can you ask that _can tell you_ who is trading?
not opinions, not I-betchyou's, but transparency to the level of routine L2s...

more to come, I'm sure...
 
Posted by Purl Gurl on :
 
Tex, DTCC enjoys complete impunity. So far, every
litigation against DTCC, save for two very recent,
have been dismissed outright based on an argument
by DTCC, they are not responsible for enforcement,
the SEC is responsible.

Here is what happens,

DTCC did it -> SEC did it -> DTCC did it -> SEC did it.

Round and round and round...

I am thinking I should next rant about the DTCC.

On damages, they must be real and tangible. Loss
of "potential" profit, is not a tangible damage.
For litigation, you must be able to evidence a
real loss of money, not potential loss.

Only viable avenue, for now, is to stay on the
back of the SEC, each single day.
 
Posted by BuyTex on :
 
Purl, sort of agree on reasonability, but can't accept DTCC impunity. Sorry, too long a reporter...now thinking of pulling of tarnished spurs from hidden spot in memorabilia closet...

longish take on "potential profit," which I maintain is negated by seeing market's proven value while handcuffed...by stock terrorists...therefore not able to participate in saving my house from fire because fire dept is forcibly rstraining me in order to lecture me about risk of buying in that neighborhood...

quote:
got me a lil harp
coupla brown jugs
tale's kinda sharp
bout some dam*ed ol thugs...

and it goes sumpin like this yeaheh--

NASD says there's no market.
Therefore, DTCC caint force buy-in.

There's no market cuz
NASD says there's no market
cuz SEC issued suspension

therefore, the very agencies charged with
protecting me, instead,
have and continue to damage me
by restricting my avenue for trade

they're damaging my pocketbook everyday
unless they want to pay me tomorrow
plus interest since trades dating to
Monday May 23

Had they desired to embody
their charters
to protect the investing public

they could have acted
anytime the week of 05/16-23/05
and this thread would be forgotten

Instead, they worry
I might make too much return
on too small investment

like an insurance adjustor
worries I got "a deal"
on my BMW
so he hesitates to
recompense at full value

It's not what I paid--
it's what it worth
pay me

"They" have regs in place
to force covered buys
in open market

but now there's no market
cuz "they" killed it...
totaled my BMW

my $30,000-to-$45,000 value has
been driven back down
from its proven market value
way lower than my investment
to
0

because they think
I got too good a deal
on my BMW


damaged?

O, yeah

not whining about
unrealized profit

but demanding what the market
has proven their value

which "they" continue
to delay
 
Posted by cruz on :
 
mms trading these shares the last two days.
 
Posted by BuyTex on :
 
CRUZ--thas great: really!? which ones? very interested to know and investigate ties to GLUV...PM if necessary...how can you see which MMs are trading?
 
Posted by Purl Gurl on :
 
That is my thinking, Cruz. Not sure why they
would bother, unless they are transferring
liability to cover shorts or, most likely,
they are resetting the "short clock" to
look good on their books.

For those not well versed in the "short clock"
SEC rules state share sells must be settled
within three business days. However, there are
lots of loopholes in the SHO rules, as noted
in my rant a year or two back.

When shares are sold, they are to be delivered
to the buyer withing three business days. However,
Market Makers have thirteen days to deliver.

A Market Maker can "reset" the delivery time,
my "short clock," by simply selling those
shares to another Market Maker. Doing so, sets
the clock anew; another thirteen days to deliver.

"I will deliver when this other person delivers
and that person is waiting on another to deliver
who is waiting on another to deliver who is...."

Did I not rant about this more than a year back?

* growls, ample swear words *

Yes, Cruz, I agree with your take on who is selling. Yesterday and today, would be about
thirteen business days for some buys and sells,
or within a day or two of thirteen days.
 
Posted by cruz on :
 
thanks for answering for me PURL. you took the words out of my mouth. the "short clock" was mentioned earlier here on this thread. i had to reboot my machine. welcome to the matrix.
 
Posted by cruz on :
 
you can get time & sales info on the otc bb site. unfornunately no mm info on each of those. i though for sure i saw info of that somewhere. will keep looking.
 
Posted by Purl Gurl on :
 
I think Tex is about ready to shoot a slug or two
through that short clock with his Frontier Colt
six shooter.

Have you noticed Tex has a bullet hole in his
right cowboy boot?
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
you can get time & sales info on the otc bb site. unfornunately no mm info on each of those. i though for sure i saw info of that somewhere. will keep looking.

lol, g-LUV you guys. All Imze sayin':

* can you VERIFY who's trading?

* can you can call/confirm w ANY agency, senator, subscription service, etc to tell you who's buying?


Thought part of the reg agencies directive is "transparency"...

How come I can't *see* who's trading?

wily, six-shooter about to be retired. Thas a personal protection deal...

as we "speak" am oiling up the ol' .50 caliber for hunting long-range and double-edged razor knife for silent closework...

who's trading?

who can confirm that?

Public knowledge? transparency?
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
you can get time & sales info on the otc bb site. unfornunately no mm info on each of those. i though for sure i saw info of that somewhere. will keep looking.

unfornunately no mm info on each of those.

yep, I'd say that's damm unfortunate, being that's part of "modern" trading...wonder why we can't see it?
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by cruz:
you can get time & sales info on the otc bb site. unfornunately no mm info on each of those. i though for sure i saw info of that somewhere. will keep looking.

unfornunately no mm info on each of those.

yep, I'd say that's damm unfortunate, being that's part of "modern" trading...wonder why we can't see it?

Grey sheets, you never see who it is.
 
Posted by BuyTex on :
 
ok, good answer, except must say it conflicts with what NASD told me today, which was pinks. Not saying they're right, you're wrong. Asking how you know...???
 
Posted by Trader88 on :
 
I know because I owned another grey sheet stock, I could never find out who MM's were or who buyers were. Not saying we CAN'T find out somehow, just saying that I never was able to before. I just emailed a very detailed summary of my current concerns to the SEC about the GLUV situation. I am CC-ing it to Senators and Reps. I think at this time the situation is very critical. Someone, somewhere is trading this, whether it's MM's or not, I don't care. If one can trade, all should get their shares and be able to trade. This situation is bordering on the absurd. If and when I receive a response, I will update everyone.
 
Posted by BuyTex on :
 
trader, trust you big time. You make good posts, ask great questions.

What I'm looking for now is PROOF of:

WHERE this is trading

WHO is trading

HOW DO YOU KNOW?

NASD says this info is NOT NECESARRILY PUBLIC KNOWLEDGE...
 
Posted by cruz on :
 
sorry guys - i dont have dd to the table. i have kids to tend to plus my computer has been acting up here. limited time here on my end.
 
Posted by cruz on :
 
guys - did you grab some sbgx for another stock split dividend 8-1? tomorrow is the last day to buy!
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
guys - did you grab some sbgx for another stock split dividend 8-1? tomorrow is the last day to buy!

I've had my fill of stock splits lately.
 
Posted by Raptorsrule on :
 
I just filed and or emailed the following with the listed recipients.

Comments are welcome.

To: enforcement@sec.gov, www.nasd.com, www.ameritrade.com,

Subject: GVRP

All,

Please consider this a formal complaint with each of your organizations. I would like to preface my comments, by stating that I performed due diligence regarding all pertinent filings to the current forward split debacle I find myself in with this security. Please let me emphasize that I followed all rules and laws in my purchase and subsequent partial sale of the subject security.

As you are well aware, the subject corporation recently completed a 3 million to 1 forward split. I, following the aforementioned rules and laws, purchased 100 pre split shares in the open market. Per the filings on record, I received 300 million shares in my account the following Monday. Representatives of Ameritrade Inc. confirmed to me no less than three times that the shares had been delivered and subsequently posted to my account. That same day I traded a small percentage of my holdings in this security for a profit.

During this first post split week, billions of shares were traded. Beginning on the second day of post split trading, Ameritrade Inc. determined that my proceeds from my sale of the subject security should be frozen and in fact the proceeds were frozen and continue to be as of the date of this communiqué. In addition, I was informed, I could only make sale transactions of said security. All buy transactions were blocked. Clearly, all parties can see the flaw in this logic based upon the current aspirations and public declarations of the company.

For the record: Let me again clearly state, I purchased the subject security following all existing rules and laws as defined by your applicable authority. I was issued the forward spilt shares as required by the filings. Said shares were posted to my account and confirmed in writing by my broker as delivered and further, completely eligible for trade.

The records now show that an SEC suspension was invoked for a period of 10 business days. That suspension has now been lifted although accompanied by a caveat expounding a terse warning to all current benefactors by both the company and the recognized authorities.

In the past two days, this security, no longer under suspension yet under threat; has obtained a price per share of .001. I respectfully request a review of my holdings vs. the recorded price per share. Clearly, I have been denied the ability to sell a trading security for substantial profit, by corporations, and governing bodies with absolutely no just cause or prior precedence.

In summary, I ask each of the addressees’ responsible personnel to review the rules, the laws, the transactions, and subsequent reactions by all addressed parties. Are the rules being followed? Is there legal just cause for the freezing of proceeds and limitation of trading? Or is this yet another Enronian screwing of the individual investor by an obviously corrupt system. I have concise records of my claims for review upon your request.

I eagerly await your responses.

Sincerely,

Joe Mamma
 
Posted by Trader88 on :
 
Good job Raptor. Tell us what you hear, if anything.
 
Posted by BuyTex on :
 
yes, pressurize...from every angle. bien bien, raptor
 
Posted by H2NRG on :
 
I haven't written anyone about GVRP yet, but am getting ideas from those on this and the IHUB TGL board. Mine will be different from the ones I have been reading, since I do not have shares yet in my account. Here's another letter from a poster on IHUB... http://www.investorshub.com/boards/read_msg.asp?message_id=6677124
quote:
Posted by: garrett800ca
In reply to: None
Date:6/15/2005 1:04:30 AM
Post #of 62520

EMAIL SENT TO ENFORCEMENT@SEC.GOV:

I am a shareholder in GLUV Corp., a security recently put under suspension by your office. This Monday, June 13th, the stock resumed trading. The situation with these shares has reached a crisis, and that is why I am now contacting your office.

I purchased 204 shares of GLUV Corp. on May 20, 2005. As you probably know, that was the last day to purchase shares to qualify for the 3,000,000 to 1 forward split that the company and the company's transfer agent authorized. On Monday, May 23rd, I owned 612,000,000 shares of GLUV Corp. due to the forward split. On that day, I sold 112,000,000 shares through my broker, Ameritrade Holdings. I currently still hold 500,000,000 shares of the company.

This week, the NASD issued a "Special Notice to Members" regarding trading in GLUV Corp. This notice states that "Although trading will no longer be suspended, members should exercise great caution when executing customer or proprietary trades, including member to member transactions for the purposes of resolving open fails, until such time as members can be assured that the shares in circulation were part of a bona fide issuance."

Most likely in part because of this notice from the NASD, my broker is not allowing me to have access to funds from my 112,000,000 share sell on May 23rd. My broker is also not allowing me to trade my remaining 500,000,000 shares of GLUV. My account is effectively frozen.

I understand that there are concerns regarding the delivery of shares. However, the stock continues to trade! My main frustration is the fact that shares of this company are being bought and sold in the open market, and yet I am being prohibited from doing the same with the shares I own. I have shares that I would like to sell. Why is it that someone, somewhere is able to sell shares and I cannot? This not only does not make any sense, it defies all logic and market fairness!

Another concern I have is regarding my broker. The shares were actually placed in my account after close of business on Friday, May 20th. On Monday, May 23rd, I sent an email to Ameritrade to verify that I had the forward split shares. They replied that I OWNED 612,000,000 shares and that THEY WERE IN MY ACCOUNT. My broker allowed me to sell 112,000,000 shares, but they are not allowing access to the funds from my sale. It appears that my broker is not living up to their end of the bargain. They verified that I had the shares in my account, allowed me to sell some of them, and now is refusing to clear the sale or funds from the sale.

I feel very strongly that the person or entity who sold me these shares is responsible for delivering them! I also feel strongly that my broker has a responsibility to honor my sale of May 23rd, and release the funds to me immediately!

On another note, Gluv Corp. has recently issued a Press Release stating: "In order to prevent further trade settlement problems from occurring while a solution to the problem is implemented, the company has instructed its transfer agent not to permit any transfers of ownership of its shares to be recorded on the stock records of the company."
It simply baffles me that the stock continues to trade, but no forward split shares are being allowed to be distributed to the rightful owners! How can this be allowed to happen?

Here are the questions I have for your office:

1) Why is the stock being traded by some, but I am unable to trade shares that I own?

2) What is the timeframe for this situation being resolved, and when will the forward split shares be delivered?

3) How can the stock be allowed to continue to trade when no forward split shares have been delivered yet?

4) How can my broker put a freeze on my account indefinitely? Is there anything I can do to get this freeze on funds and shares lifted?

5) Why is the Gluv Corp. allowed to instruct its Transfer Agent not to distribute shares?

6) Why is the original seller of shares with due bills attached not being required to cover their position?

I URGE the Securities and Exchange Commission to do the right thing and do your job protecting investors in GLUV. The "right thing" in my opinion would be to follow the rules of the market and force delivery of these shares, and/or force whoever sold these shares to cover their short position in the market like anyone else would be required to. In my opinion, it would be a great disservice to do anything else. I am hoping that your office will act in a swift and timely manner, because the situation deteriorates every day that GLUV trades in the open market. This may be a "pink sheet" stock, but the integrity of the market is at stake. Thank you in advance for answering my questions. If you have any questions, feel free to contact me.


Sincerely,

Me


Anything in my posts is my opinion only! Do your own due dilligence


 
Posted by Trader88 on :
 
Nice! Sounds right on the money.
 
Posted by H2NRG on :
 
Write to Carol Remond of Dow Jones!!! Carol.Remond@dowjones.com I wrote to her on May 26, and just this morning received an email reply...
quote:
Hi, did you ever get your gluv shares? Do you still own them or were you able to sell them before
the halt? I'm looking into what is happening to investors who still hold stock and would like to
hear from you if you do.

Thanks,

Carol Remond





Carol S. Remond

Special Writer

Dow Jones News

201 938 2074

I responded with a somewhat lengthy response. I suspect she is looking for others for information. Please do write her! She may be able to get some positive exposure for us GVRP shareholders.
 
Posted by Trader88 on :
 
Definitely what we need, MASSIVE EXPOSURE. We need to put the screws to everyone involved, or else they will just try and hold us in limbo forever. If they start feeling some heat, they will be forced to act. All my stuff is in. I am going to CC Carol Remond. Due bills are now 3 weeks overdue, time for a forced buy-in.
 
Posted by H2NRG on :
 
Great, T88. Keep Ms. Remond informed.
 
Posted by H2NRG on :
 
Purl Gurl--have you contacted Carol Remond at Dow Jones?

Carol S. Remond
Special Writer
Dow Jones News
201 938 2074

Carol.Remond@dowjones.com
 
Posted by dishgal1 on :
 
She also needs to know that our accounts are frozen......INDEFINITELY!
 
Posted by H2NRG on :
 
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.
 
Posted by dishgal1 on :
 
I just wrote her H2.......I am so pissed right now. I am tired of seeing my potential trades being cancelled. Total BS
 
Posted by DirtyDealer1123 on :
 
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.
 
Posted by H2NRG on :
 
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.
 
Posted by DirtyDealer1123 on :
 
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?
 
Posted by dishgal1 on :
 
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.
 
Posted by rrttd on :
 
dishgal1 what did your scotrade broker tell you
 
Posted by cruz on :
 
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.


 
Posted by Trader88 on :
 
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.
 
Posted by TampaInvester on :
 
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
 
Posted by Raptorsrule on :
 
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.
 
Posted by Trader88 on :
 
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.
 
Posted by rrttd on :
 
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
 
Posted by dishgal1 on :
 
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.
 
Posted by H2NRG on :
 
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!
 
Posted by Raptorsrule on :
 
H2...perhaps you should give her a link to this thread....it is truly a history of the events at hand.
 
Posted by Trader88 on :
 
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.
 
Posted by rrttd on :
 
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
 
Posted by dishgal1 on :
 
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.
 
Posted by dishgal1 on :
 
Carol responded immediately with a "thank you"....
Maybe she can help speed up this situation with exposure.
 
Posted by rrttd on :
 
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
 
Posted by Purl Gurl on :
 
H2NRG asks if I have contacted Remond.

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.
 
Posted by Purl Gurl on :
 
Ms. Redmond,

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.

Best,

Bozo The Clown

cc: enforcement@sec.gov
 
Posted by Triumph1902 on :
 
^^very good points..
 
Posted by H2NRG on :
 
Excellent points, PG. Thanks for writing to Ms. Remond.
 
Posted by H2NRG on :
 
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.
 
Posted by Trader88 on :
 
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.
 
Posted by Purl Gurl on :
 
Thanks for your email. But why do you call the
filing by gluv "falsified"?

Carol S. Remond
 
Posted by cruz on :
 
2.6 mil in volume today at 0.0002
 
Posted by keithsan on :
 
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....
 
Posted by Trader88 on :
 
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.
 
Posted by H2NRG on :
 
Several IHUBbers have contacted Carol Remond, too. Here's one who posted his email...
http://www.investorshub.com/boards/read_msg.asp?message_id=6683652
 
Posted by cruz on :
 
maybe - sorry. i thought for sure i saw a green flash on last trade through my quotetracker

quote:
Originally posted by Trader88:
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.

 
Posted by H2NRG on :
 
Wayne R on IHUB claims that this past Monday's trades were cancelled...
http://www.investorshub.com/boards/read_msg.asp?message_id=6682835
 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
Wayne R on IHUB claims that this past Monday's trades were cancelled...
http://www.investorshub.com/boards/read_msg.asp?message_id=6682835

There's nothing I've seen to indicate that. Is that backed up by any facts?
 
Posted by H2NRG on :
 
This IHUB poster says his attorney stated that going to the media could hurt us?
http://www.investorshub.com/boards/read_msg.asp?message_id=6684425
quote:
Posted by: grasswhacker
In reply to: pontius who wrote msg# 62697
Date:6/15/2005 2:42:10 PM
Post #of 62733

FWIW We were told by our attorney that when we did the same thing (writting to all sorts of news sites and making alot of noise) that we were not doing our case any good. As a matter of fact it could have hurt our arbitration. I got that from another fellow participant in our case. I did not actually call the atty myself. Tried to find the email that it was stated on, but must have deleted it.


 
Posted by khartmann on :
 
I just bought 1000 shares through scottrade... trading is going on.
 
Posted by H2NRG on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by H2NRG:
Wayne R on IHUB claims that this past Monday's trades were cancelled...
http://www.investorshub.com/boards/read_msg.asp?message_id=6682835

There's nothing I've seen to indicate that. Is that backed up by any facts?
Others have questioned his post, too. He replied to them in http://www.investorshub.com/boards/read_msg.asp?message_id=6683130 and http://www.investorshub.com/boards/read_msg.asp?message_id=6683160
 
Posted by khartmann on :
 
I thought that Scottrade was not issuing any shares?
 
Posted by Trader88 on :
 
Massive 1,000 shares just traded on GVRP @ .0002! Going to be record volume today! The cat is out of the bag!! Someone just spent 20 cents!
 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
quote:
Originally posted by Trader88:
quote:
Originally posted by H2NRG:
Wayne R on IHUB claims that this past Monday's trades were cancelled...
http://www.investorshub.com/boards/read_msg.asp?message_id=6682835

There's nothing I've seen to indicate that. Is that backed up by any facts?
Others have questioned his post, too. He replied to them in http://www.investorshub.com/boards/read_msg.asp?message_id=6683130 and http://www.investorshub.com/boards/read_msg.asp?message_id=6683160
A buddy known for 8 years is not enough information for me, lol.
 
Posted by khartmann on :
 
hahaha yup... I am a big spender!!!
 
Posted by H2NRG on :
 
quote:
Originally posted by khartmann:
I just bought 1000 shares through scottrade... trading is going on.

20 cents for the shares, and 7 dollars for the commission (plus 0.5% of the 20 cents). Nice test trade. [Smile]
 
Posted by dishgal1 on :
 
1000 just traded.
 
Posted by Trader88 on :
 
At least buy a million or two and get your commission's worth, lol.
 
Posted by khartmann on :
 
a trade is a trade.... the shares are out there and someone is trading....
 
Posted by Trader88 on :
 
quote:
Originally posted by khartmann:
a trade is a trade.... the shares are out there and someone is trading....

That's my whole question: Whether it's 1000 shares or 1,000,000,000 shares, what's the difference? Where in the hell are the shares coming from if the T/A is being barred from releasing the due bills?????
 
Posted by khartmann on :
 
Amen to that brother!!! I an email to Carol and she responded...

You just bought today?



Carol S. Remond

Special Writer

Dow Jones News

201 938 2074
 
Posted by Trader88 on :
 
So, apparently Scottrade is allowing buys? Interesting.....What are they allowing you to buy, air??
 
Posted by Trader88 on :
 
khartmann, buy some more! But next time, spend 20 bucks so at least we can say we broke 100 grand for the day.
 
Posted by khartmann on :
 
Scottrade told me this morning that they would not issue any shares until they get word from the SEC of the ruling... HMMMM I think I just purchase $7 worth of air.....
 
Posted by Trader88 on :
 
I'm glad that you put some numbers on the board for us today. Doesn't matter if it's only 1000 shares. Still proves the cat's out of the bag all week long (and the other full trading post f/s week back in May)
 
Posted by George on :
 
It looks like Scottrade as removed the restriction on GVRP...iT had # sign until today. You can probally sell also. I am not selling mine until I receive my F/S shares.
 
Posted by cruz on :
 
i think we should all buy 20 dollars worth.
 
Posted by khartmann on :
 
I do not trade so I will have to take your word for it. Do you receive some kind of confirmation notice from the broker? If so can you share with me proof that you just bought shares, which the same broker says he cant deliver to you.

Thanks, carol remond


I sent her the confirmation!!!
 
Posted by Purl Gurl on :
 
Remond, Carol wrote:


> Thanks for your email. But why do you call the filing by gluv
> "falsified"?

Thank you for responding, Ms. Remond. I know you are
a very busy person with little time to spare.

My apologies for misspelling your last name
in my previous email.

Rather than send an image of that amendment document
mentioned in my last email, I have loaded it to my
server at this URL address,

http://www.purlgurl.net/gvrp3.jpg

That is the last page of the document. I can load
up the complete document upon your request.

Keeping this short, knowing you have good investigative
abilities, there are some technical issues at play which
could be effectively argued as to legality, both in
favor and disfavor. Neither you nor I know how this
would be decided in a technical legal sense.

A minor but suggestive point, on May 20, recently, a
phone call was placed with a hope of speaking with
Robert Pearce or other about circumstances. Advice
was given a board meeting was in process and none
were available for comment. May 20 is important
for context.

I did not personally place that phone call.

You will note the document bears a date of May 20
but it was not filed until five days later. With
all circumstances in mind, my opinion is Pearce
retroactively dated that document to make it
effective before "pay date" for the forward split.
That is not unusual and is not of any significance
other than to suggest some unethical behavior,
otherwords, it appears he is trying to cover.

What is important is you can see in my photo image
Pearce indicates a shareholder vote was taken,
and shareholders authorized trillions of shares.

No shareholder vote was taken.

Trilions of shares, that is simply ludicrous, so
much so a reasonable person would conclude he was
and is trying to cover for past events.

On his effective date displayed, GLUV had already
sold millions of shares. Those owning those shares,
collectively, hold a majority interest. GLUV did
not and does not have sufficient ownership shares
to qualify for a minority interest; GLUV executives
could not "legally" represent a majority share vote.

Pearce could argue shares were sold by mistake.
That is a valid point. I would counter with
buyers bought in good faith and do, de facto,
own a majority interest. Those are points which
could be settled in court.

In my following writing, I am assuming Pearce to
have ultimate responsibility and assuming those
he works with would inform him of events, in
those cases where Pearce was not directly
addressed through phone or email. It is easier
to simply use "Pearce" as being the company.

With Pearce having been both verbally warned and
warned in writing on May 16, recently, repeatedly
warned, he had prior knowledge he was about to sell
shares with forward split bills attached, he sold
anyhow. His prior knowledge of forward split due
bills and his selling those shares, establishes
validity of all shares sold to buyers, who ended
up majority interest holders, in a collective sense.

Buyers bought in good faith, after contacting Pearce.

Pearce did not hold a shareholder vote. His filed
document indicates a shareholder vote. That is
my premise for a "falsified" document.

I would quickly agree those points could be argued.

However, in view of Pearce's background, his repeated
usage of an empty shell company, his knowledge of selling
shares with forward split due bills, subsequent amendment
filing for trillions of shares, his refusal to cover shorts
and release of news to effect an unlawful halt of trading,
within that context my opinion leans strongly towards
Pearce engaging in unlawful acts. Falsifying a document
would seem in keeping with overall context of his behavior.

Certainly there is enough suggestive evidence to
warrant questioning him about actions he took.

As you know, all of this is to be treated as opinion
and you know many points of discussion could be
effectively argued, both pro and con.

Thank you for your interest. I hope my email has
added worthwhile information for any article
you may entertain writing.

Best,

Bozo The Clown

(snipped - context follows)

> Recently GLUV filed a falsified amendment with
> the Florida Department of Corporations, in which
> they authorize two-hundred-fifty-trillion shares.
 
Posted by Trader88 on :
 
quote:
Originally posted by khartmann:
I do not trade so I will have to take your word for it. Do you receive some kind of confirmation notice from the broker? If so can you share with me proof that you just bought shares, which the same broker says he cant deliver to you.

Thanks, carol remond


I sent her the confirmation!!!

Excellent. I think she is getting the point that this is not just some "honest mistake". LOL, the fact is, by doing what they're doing, they are making the GVRP situation MUCH WORSE every week, IMO!!! Market rules and regs are being trampled upon daily with this stock.
 
Posted by khartmann on :
 
Just me again guys..... The order did go....
 
Posted by cruz on :
 
vol at 101,000 - now at 0.0001
 
Posted by Purl Gurl on :
 
At 12:32 PST, I show 101,000 shares traded.
 
Posted by Trader88 on :
 
Something is going on. Wasn't Scottrade not accepting orders on GVRP earlier in the week? Wonder why they have changed their policy? (if they have)

Maybe new information?????
 
Posted by H2NRG on :
 
Volume now 101,000
 
Posted by Trader88 on :
 
quote:
Originally posted by khartmann:
Just me again guys..... The order did go....

Yeah, I saw that, .0001. Dude, you just cost me 50,000 bucks in my account! LOL
 
Posted by khartmann on :
 
I purchased at .0002 how does that work?
 
Posted by Trader88 on :
 
MM games? How many did you buy 50,000? Maybe matching.
 
Posted by khartmann on :
 
yeah 50,000 is right...
 
Posted by Trader88 on :
 
khartmann, would you like to buy 500,000,000? I have some for sale!
 
Posted by H2NRG on :
 
Amazing how the brokerages use GVRP's PRs in responding to their clients... this has to be stopped! Purl Gurl alluded to this in her first email to Ms. Remond--look at this post from IHUB...
http://www.investorshub.com/boards/read_msg.asp?message_id=6685472
 
Posted by Trader88 on :
 
They did a matching trade. 50k @ .0001, sold them to you at .0002. Somebody's making money. Must be nice.
 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
Amazing how the brokerages use GVRP's PRs in responding to their clients... this has to be stopped! Purl Gurl alluded to this in her first email to Ms. Remond--look at this post from IHUB...
http://www.investorshub.com/boards/read_msg.asp?message_id=6685472

Yeah, it's GLUV's PR, but inside that PR is the NASD admonishment. That's why the brokers aren't trading. But apparently Scottrade is.......
 
Posted by khartmann on :
 
Carol,
Just called Scottrade compliance and they are telling me that the f/s
has not been confirmed yet. If that is so, how was I able to buy 51,000
shares today? They said they do not know.... Scottrade says until they
receive shares from DTC they cannot issue my f/s shares. This doesn't
make sense.

---------------------------------------------

Did you ask them how if 11 shares are outstanding, you can buy 51,000?

Carol S. Remond
Special Writer
Dow Jones News
201 938 2074
 
Posted by Trader88 on :
 
From Ihub:

Posted by: Versatiletrader
In reply to: eom7 who wrote msg# 62769

"My uncle uses scottrading and yes he says he also shows the forward split shares in the area.
Good find, the poker game is nearing payoff.
Finally the dealer is gonna make em call, show em, whateva


Versatiletrader
DISCLOSURE:
NOT BUY OR SELL ADVICE, JUST OPINION.
You should not take what I say as a reason to buy or sell any securities. My comments are only opinion, and should not be construed as buy or sell advice."


HMMMMMMMMMM, have they gotten some word about the shares????
 
Posted by khartmann on :
 
"My uncle uses scottrading and yes he says he also shows the forward split shares in the area.
Good find, the poker game is nearing payoff.
Finally the dealer is gonna make em call, show em, whateva

--------------------------------------------
Just a part of the site called Gains Keeper... in the unrecognized position area...

Scottrade is just acknowledging that the shares we bought have due bills attached to them...
 
Posted by Trader88 on :
 
quote:
Originally posted by khartmann:
"My uncle uses scottrading and yes he says he also shows the forward split shares in the area.
Good find, the poker game is nearing payoff.
Finally the dealer is gonna make em call, show em, whateva

--------------------------------------------
Just a part of the site called Gains Keeper... in the unrecognized position area...

Scottrade is just acknowledging that the shares we bought have due bills attached to them...

I was under the impression that most (or all) brokers were not allowing trading. What's interesting to me is that Scottrade allowed you to place buys today. Kind of tells me something may have changed, or they possibly got word of delivery of shares. I could be wrong, but why would they now allow trading all the sudden?
 
Posted by khartmann on :
 
no idea??? Your guess is as good as mine... but alot better then Scottrades!!!
 
Posted by Trader88 on :
 
I smell a rat, but it could be a good rat!
 
Posted by George on :
 
Scottrade had the GVRP trades locked out until today. They had it showing as not tradeable but that is gone now. They said that they would not give us shares until they get them. They do show in the unrealized postions but not in the account yet. Like someone said weeks ago..when Scottrade give us the shares is is a sign that all is go...
 
Posted by Trader88 on :
 
Anyone think they are going to reverse all the trades back to May 12th now?? ROFL
 
Posted by BuyTex on :
 
quote:
Originally posted by khartmann:
"My uncle uses scottrading and yes he says he also shows the forward split shares in the area.
Good find, the poker game is nearing payoff.
Finally the dealer is gonna make em call, show em, whateva

--------------------------------------------
Just a part of the site called Gains Keeper... in the unrecognized position area...

Scottrade is just acknowledging that the shares we bought have due bills attached to them...

Where is this area on the ST Web site? I'm not easiy finding it...
 
Posted by Trader88 on :
 
Posted by: Rocket Blasters
In reply to: chisox pat who wrote msg# 62776

"Well we all should get funds in the end."


Yeah, either that, or we will just simply GET IT IN THE END, LOL!
 
Posted by khartmann on :
 
TEX.... go up to my account.... only one Scottrades new site... go to my account and then on the left you will see account Performance.
 
Posted by glassman on :
 
Scottrade regularly posts stocks with clearing problems here is the current list...
GVRP aint deyere......

Clearing Restrictions

Scottrade has set restrictions on the following securities due to clearing restrictions:

No Buys:Sells Only // /No Buys & No Sells

ORSTF // /DTSN#
.CVLUN / /GDTX#
CMKX // /BTYHX
INOV# // /TSFYV#
TRZA# // /IPPLF
MSMC#
IVCO
SEIH
UGMI
HPNN
GMZC#
.AFPUN
GRDL
USCI
.FCEUN
.TPWUN
.TPLUN
AWHB
CESY
INCA
.AIUN
RVNM
AFRD
.IPLUN

 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
Scottrade regularly posts stocks with clearing problems here is the current list...
GVRP aint deyere......

Clearing Restrictions

Scottrade has set restrictions on the following securities due to clearing restrictions:

No Buys:Sells Only // /No Buys & No Sells

ORSTF // /DTSN#
.CVLUN / /GDTX#
CMKX // /BTYHX
INOV# // /TSFYV#
TRZA# // /IPPLF
MSMC#
IVCO
SEIH
UGMI
HPNN
GMZC#
.AFPUN
GRDL
USCI
.FCEUN
.TPWUN
.TPLUN
AWHB
CESY
INCA
.AIUN
RVNM
AFRD
.IPLUN

Glassman, was it there yesterday...or the day before? This could be the break we are looking for.
 
Posted by glassman on :
 
i have been off-line for the most part since last wed. evening... and i will only be on-line a little this week...

it hasn't been on the list at all, that i am aware of, the only days i didn't check were last thursday thru yesterday
 
Posted by BuyTex on :
 
quote:
Originally posted by khartmann:
TEX.... go up to my account.... only one Scottrades new site... go to my account and then on the left you will see account Performance.

Most excellent! That is nice to see, finally...thanks, khartmann
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
i have been off-line for the most part since last wed. evening... and i will only be on-line a little this week...

it hasn't been on the list at all, that i am aware of, the only days i didn't check were last thursday thru yesterday

you've been missed...whachu been up to?
 
Posted by glassman on :
 
delivering the eldest offspring to summer school, and giving a glass-blowing class...
 
Posted by Trader88 on :
 
well, I guess we will see if any other brokers loosen restrictions tomorrow. By all rights they should, if one person out there can trade this stock there is no reason the rest of us should be barred from trading. This stock is not halted or suspended, and is trading at minimum .0001. I want an equal opportunity to buy and sell shares!
 
Posted by Rebel_Yell on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by khartmann:
"My uncle uses scottrading and yes he says he also shows the forward split shares in the area.
Good find, the poker game is nearing payoff.
Finally the dealer is gonna make em call, show em, whateva

--------------------------------------------
Just a part of the site called Gains Keeper... in the unrecognized position area...

Scottrade is just acknowledging that the shares we bought have due bills attached to them...

I was under the impression that most (or all) brokers were not allowing trading. What's interesting to me is that Scottrade allowed you to place buys today. Kind of tells me something may have changed, or they possibly got word of delivery of shares. I could be wrong, but why would they now allow trading all the sudden?
The split shares have been shown in Gainskeeper (unrealized gains or losses) since the split date, but can't be traded. The shares that I bought post split have been tradeable since Monday when the suspension was lifted. I can see nothing new in my Scottrade account.
 
Posted by JHenry on :
 
I called Scottrade today and the broker told me I could buy or sell GVRP. I did ask him about my shares: I have 150 presplit and 1million post split so that my account says I have 1,000,150 shares. I asked him if I could sell the post split shares without affecting the presplit shares with attatched due bills. He said I could sell the 1 million shares and he said "we could call the remaining 150 the presplit shares". Needless to say I don't quite trust him on that and plan on sitting on all of my current shares. (Note: I did purchase my 1 million post split shares for .0001 before the trading halt)
 
Posted by BuyTex on :
 
Trader, I'm still tweaked by the NASD response to my question about where it's trading and who is trading:

N: "It's on the pinksheets..."

Me: "So who is trading, obviously it would help me to know..."

N: "That's not something I can discuss with publicly available information."

Me: "You can't tell me? What about market transparency? If I have L2s that show pinks, I can see which MMs are stacked..."

N: "Yes, but you can't tell who they're trading for--this is nothing new, the market's always been that way."

Me: "Gosh, I didn't know that...I mean, but why can't anyone get L2s?"

N: "Look--*voice pitch raises* obviously this stock has been manipulated...it's probably still being manipulated."

Me: "I see your point, but then why doesn't DTCC use its powers to force the sellers to buy on the open market and deliver those shares?"

N: "There *is* no market..."

Me: "Well, there would be if you guys hadn't issued that special notice."

N: "The SEC suspended it for a reason."

Me: "Understood, but the rules still need to be followed. The DTCC needs to follow its options, down the line."

N: *nearly angry* "These non-reporting companies...what do you expect? They're very risky."

Me: "I understand the risk about determining their true value--that's up to the investor. When we screw up, we don't get to call time out. I'm talking about making them follow the rules. That's not the kind of risk we should be exposed to...I called NASD or NASDAQ...verified the split shares..."

N: "They probably just meant the paperwork had been filed."

Me: "OK, who else could I have called to verify the filing rules were being followed?"

-------then, more circular argument, till my tape ran out------
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
delivering the eldest offspring to summer school, and giving a glass-blowing class...

cool, I'd to "monitor" a class like that...watch my podner sometimes making neon, pretty groovy: there's actually more time to shape it than I would've guessed. Don't know whether that applies with blowing, though...summer school: wouldn't wish that on anybody, gl w that...
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
Trader, I'm still tweaked by the NASD response to my question about where it's trading and who is trading:

N: "It's on the pinksheets..."

Me: "So who is trading, obviously it would help me to know..."

N: "That's not something I can discuss with publicly available information."

Me: "You can't tell me? What about market transparency? If I have L2s that show pinks, I can see which MMs are stacked..."

N: "Yes, but you can't tell who they're trading for--this is nothing new, the market's always been that way."

Me: "Gosh, I didn't know that...I mean, but why can't anyone get L2s?"

N: "Look--*voice pitch raises* obviously this stock has been manipulated...it's probably still being manipulated."

Me: "I see your point, but then why doesn't DTCC use its powers to force the sellers to buy on the open market and deliver those shares?"

N: "There *is* no market..."

Me: "Well, there would be if you guys hadn't issued that special notice."

N: "The SEC suspended it for a reason."

Me: "Understood, but the rules still need to be followed. The DTCC needs to follow its options, down the line."

N: *nearly angry* "These non-reporting companies...what do you expect? They're very risky."

Me: "I understand the risk about determining their true value--that's up to the investor. When we screw up, we don't get to call time out. I'm talking about making them follow the rules. That's not the kind of risk we should be exposed to...I called NASD or NASDAQ...verified the split shares..."

N: "They probably just meant the paperwork had been filed."

Me: "OK, who else could I have called to verify the filing rules were being followed?"

-------then, more circular argument, till my tape ran out------

If they really told you those things, thats ABSOLUTELY OUTRAGEOUS!!!! Being on the Pinksheets and market risk has absolutely nothing to do with the rules and regs! What the F are they talking about, are they serious?????
 
Posted by BuyTex on :
 
if they *really* told me that, lol, dude, I use to do investigative reporting, broke lottsa stuff...got yesterday's session all down: why you think I was so riled last night? Even though we managed to end the conversation on an even keel, I more or less got lectured about risk...I more or less said, you mean cuz they're pink, they can get away with anything? The response was something like, "you can assume the SEC is still investigating."

That's why I'm saying this particular situation is merely a symptom--man, the s-y-s-t-e-m is sick! Needs emergency triage...I seriously think all boards should band together and for x-period (1 day, 2 weeks?) either (1) buy only companies that on the record as active fighters against NSS or (2) only SHO list, then demand certs. Something like that...i dunno, but there's gotta be a way to fight back via trading...
 
Posted by Trader88 on :
 
Tex, next time you talk to them, ask them this:
If this was a large cap NYSE stock, would they need to follow rules and regs? Does one assume the "risk" that rules and regs might not be followed in buying large caps?

You know something, I would bet there would be lawyers lining up to take this case pro bono and take all these *******s to court in front of a jury and get a $500MM judgement against all involved. Any jury would be outraged by all of this, and there are A LOT of parties culpable here. Bring it on!
 
Posted by dishgal1 on :
 
*nearly angry* "These non-reporting companies...what do you expect? They're very risky."

Then why do they even let this kind of crap go on in the market....they know what is going on and they just don't care.
 
Posted by khartmann on :
 
So has anyone heard anything else from our gal Carol over at Dow Jones News???
 
Posted by Trader88 on :
 
quote:
Originally posted by khartmann:
So has anyone heard anything else from our gal Carol over at Dow Jones News???

Not yet, but I bet she'd love to hear what NASD had to say. She might be lucky to be the first reporter on this, because after it blows up she will have her claim to fame....
 
Posted by dishgal1 on :
 
Well I just tried to place a trade to purchase a stock tomorrow. My entire account is frozen now. I can only make liquidation trades.
I just wrote a nasty email to Ameritrade. They did this same thing to Raptor's account early last week.
I'm sure they will fix it but that is not the point.....
 
Posted by khartmann on :
 
Sounds good.... and everyone in here is keeping her in the loop then right??? I know I am
 
Posted by BuyTex on :
 
quote:
Originally posted by khartmann:
So has anyone heard anything else from our gal Carol over at Dow Jones News???

**like your stars? Thanks for the ST info...**

khartmann, don't get antsy on Remond. She likely has been so deluged today that it's shaken her point of reference...prolly trying to figure out which lead to go with. Assuming she is conscientious, which I have no reason to doubt given her outreach following the first lame attempts, she is either crazily at work on deadline fueled by more good chit than she dreamed, or dazed and confused, having realized how lame were the first attempts. Give her time...we've lived it, she's assimilating...
 
Posted by khartmann on :
 
sounds good Tex...

by the way, thanks for the stars... they look pretty good.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
[QB] Tex, next time you talk to them, ask them this:....

Actually, no offense intended, I would like you (*** and you and you and you, et al***) to "ask them." I have no insider "tricks"--well, not like you'd think--what I do is get a list of contacts and simply keep hammering all of them. Yesterday, the phone #s they listed on the "special notice" suddenly would not work, so I started over in the file I've been keeping since May 20, when I first contacted everybody I could think of...it's not about being "smart," but persistent. You may correctly assume my continued persistence: imagine mine multiplied by yours and yours and yours...

I suspect one of "their" problems is turning out to be the response from a community of informed traders--maybe not as aware of the loopholes as they are--but much more formidable than in decades past. Hence, polite stamina becomes a lever...
 
Posted by Purl Gurl on :
 
Just off the phone with E*Trade.

First, though, I must echo thoughts by Tex. Give
Remond ample time to digest information, to verify
information, to write an article, and time to
obtain approval from her editor to publish. Keep
in mind, she may or may not write an article.

Mail to her should be as short and concise as
possible, which is also true for the SEC, others.

Stating your opinion always works best if you
are brief and precisely to the point sans any
emotional inclusions.

My opinion is Remond does not need any further
email. She has more than enough.

Back to E*Trade, nothing new.

I asked if they have an ability to determine
who is buying and selling. They do not. However
it was suggested to call back during trading
hours and ask to speak to a specialist who
"might" be able to find out who is trading.

Bottom line, no change.
 
Posted by Trader88 on :
 
I agree, it's the cumulative hammer that is effective. No offense taken! I've done a lot on this in the past couple days; enformed Senators and Reps, media, reiterated my concerns to the SEC. The only one I have yet to deal with is NASD, that's next on my list. I want to hear what they have to say first hand. Their answers I've heard from this board so far have been quite comical.
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:

{ deleted, bt }
Back to E*Trade, nothing new.

I asked if they have an ability to determine
who is buying and selling. They do not. However
it was suggested to call back during trading
hours and ask to speak to a specialist who
"might" be able
to find out who is trading.
{my emphasis--this is important -- bt}

Bottom line, no change.

* Tex tips hat *

Beg to differ, ma'am...we could see trades before, caint now. Purty major change...nice brooch, by the way...


{ and thanks for the backup on reporting 101 re Remond }
 
Posted by Purl Gurl on :
 
* fingers her brooch *

Thank you! I love my brooch. It is a Texas sun
dried horned lizard! Almost looks alive. Later,
while shopping, I will pin it on my big butt.

On the reporting 101 help...

 -
No problem, Mr. Grant! My pleasure.
 
Posted by BuyTex on :
 
check this out, hope the pix come through...appropos of nothing, yet somehow ironic posted on a gvrp thread...

great f'n storrrrmmmm shots!

http://www.investorshub.com/boards/read_msg.asp?message_id=6687117
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Raptorsrule:
I just filed and or emailed the following with the listed recipients.

Comments are welcome.

To: enforcement@sec.gov, www.nasd.com, www.ameritrade.com,

Subject: GVRP

All,

Please consider this a formal complaint with each of your organizations. I would like to preface my comments, by stating that I performed due diligence regarding all pertinent filings to the current forward split debacle I find myself in with this security. Please let me emphasize that I followed all rules and laws in my purchase and subsequent partial sale of the subject security.

As you are well aware, the subject corporation recently completed a 3 million to 1 forward split. I, following the aforementioned rules and laws, purchased 100 pre split shares in the open market. Per the filings on record, I received 300 million shares in my account the following Monday. Representatives of Ameritrade Inc. confirmed to me no less than three times that the shares had been delivered and subsequently posted to my account. That same day I traded a small percentage of my holdings in this security for a profit.

During this first post split week, billions of shares were traded. Beginning on the second day of post split trading, Ameritrade Inc. determined that my proceeds from my sale of the subject security should be frozen and in fact the proceeds were frozen and continue to be as of the date of this communiqué. In addition, I was informed, I could only make sale transactions of said security. All buy transactions were blocked. Clearly, all parties can see the flaw in this logic based upon the current aspirations and public declarations of the company.

For the record: Let me again clearly state, I purchased the subject security following all existing rules and laws as defined by your applicable authority. I was issued the forward spilt shares as required by the filings. Said shares were posted to my account and confirmed in writing by my broker as delivered and further, completely eligible for trade.

The records now show that an SEC suspension was invoked for a period of 10 business days. That suspension has now been lifted although accompanied by a caveat expounding a terse warning to all current benefactors by both the company and the recognized authorities.

In the past two days, this security, no longer under suspension yet under threat; has obtained a price per share of .001. I respectfully request a review of my holdings vs. the recorded price per share. Clearly, I have been denied the ability to sell a trading security for substantial profit, by corporations, and governing bodies with absolutely no just cause or prior precedence.

In summary, I ask each of the addressees’ responsible personnel to review the rules, the laws, the transactions, and subsequent reactions by all addressed parties. Are the rules being followed? Is there legal just cause for the freezing of proceeds and limitation of trading? Or is this yet another Enronian screwing of the individual investor by an obviously corrupt system. I have concise records of my claims for review upon your request.

I eagerly await your responses.

Sincerely,

Joe Mamma

The following is the reponse from the SEC. Please note bold type.

Dear Sir or Madam:

Thank you for your recent e-mail to the group electronic mailbox of the Division of Enforcement at the United States Securities and Exchange Commission in Washington, D.C. We appreciate your taking the time to write to us. This automated response confirms that the Division of Enforcement has received your e-mail. You can rest assured that an attorney in the Office of Internet Enforcement will review your e-mail promptly.

We are always interested in hearing from members of the public, and you may be assured that the matter you have raised is being given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. It is, however, the Commission's policy to conduct its inquiries on a confidential basis -- so this may be the only response that you receive. If your complaint is more in the nature of a consumer complaint (such as a dispute with your broker or a problem with your brokerage or retirement account), you should contact our Office of Investor Education and Assistance -- they may be able to help you. You may reach the Office of Investor Education and Assistance via telephone at (202) 551-6551or through the Web at HYPERLINK "http://www.sec.gov/complaint.shtml"www.sec.gov/complaint.shtml.

The Commission conducts its investigations on a confidential basis to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or against whom the Commission determines that enforcement action is not necessary or appropriate. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather and we cannot confirm to you the existence or non-existence of an investigation, unless made a matter of public record in proceedings brought before the Commission or in the courts.

If you are unsure where you should direct your inquiry or you want to learn more about how the SEC handles inquiries and complaints, please visit the SEC Complaint Center at HYPERLINK "http://www.sec.gov/complaint.shtml"www.sec.gov/complaint.shtml.

Should you have any additional information or questions pertaining to this matter, please feel free to communicate directly with us at HYPERLINK "mailto:enforcement@sec.gov"enforcement@sec.gov.

We appreciate your interest in the work of the Commission and its Division of Enforcement.

Very truly yours,

S/
John Reed Stark
Chief, Office of Internet Enforcement
United States Securities & Exchange Commission
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by BuyTex:
Trader, I'm still tweaked by the NASD response to my question about where it's trading and who is trading:

N: "It's on the pinksheets..."

Me: "So who is trading, obviously it would help me to know..."

N: "That's not something I can discuss with publicly available information."

Me: "You can't tell me? What about market transparency? If I have L2s that show pinks, I can see which MMs are stacked..."

N: "Yes, but you can't tell who they're trading for--this is nothing new, the market's always been that way."

Me: "Gosh, I didn't know that...I mean, but why can't anyone get L2s?"

N: "Look--*voice pitch raises* obviously this stock has been manipulated...it's probably still being manipulated."

Me: "I see your point, but then why doesn't DTCC use its powers to force the sellers to buy on the open market and deliver those shares?"

N: "There *is* no market..."

Me: "Well, there would be if you guys hadn't issued that special notice."

N: "The SEC suspended it for a reason."

Me: "Understood, but the rules still need to be followed. The DTCC needs to follow its options, down the line."

N: *nearly angry* "These non-reporting companies...what do you expect? They're very risky."

Me: "I understand the risk about determining their true value--that's up to the investor. When we screw up, we don't get to call time out. I'm talking about making them follow the rules. That's not the kind of risk we should be exposed to...I called NASD or NASDAQ...verified the split shares..."

N: "They probably just meant the paperwork had been filed."

Me: "OK, who else could I have called to verify the filing rules were being followed?"

-------then, more circular argument, till my tape ran out------

If they really told you those things, thats ABSOLUTELY OUTRAGEOUS!!!! Being on the Pinksheets and market risk has absolutely nothing to do with the rules and regs! What the F are they talking about, are they serious?????
This should conversation should be supplied in transcript and audio form to the highest MOFO in that organization, the media, and anybody else we can think of....Un-Freakin' BELIEVABLE
 
Posted by BuyTex on :
 
Raptor,
good hit! thought of FOI, but now it's clear--we need to start HAMMERING them with FOI requests!

Lottsa filings via FOI ties up "LOTTSA FOLKS."
 
Posted by Purl Gurl on :
 
"We have always selected the highest and abandoned
the lowest. As long as we maintain this principle,
the Order will remain healthy."
 
Posted by DENSKIJR on :
 
Was up,

just got a chance to chime in. I Called redmond today and sent her the emails I had recived from Ameritrade. She did ask me to keep her informed of anything that changes in my status at ameritrade and to send her what I got. I agree that we need to give her time to gather everything she's collected and see what she does with it. Intersting to see scotttrade allowed trades. Carol was amazed that ameritrade would not give a time frame for how long my money and shares would be on hold. She's amazed what about me thats my money and Ameritrade is gaining interest of my money which I cant use. Nice of them huh

Anyways it seems as we a makeing progress we shall see

Hope all are haveing a great day anyway

Dennis
 
Posted by Trader88 on :
 
One of the first orders of business in my mind is getting that money from trades unfrozen. I hope Redmond plays up on that issue, because it is not right for them to keep our money tied up, especially when the stock is trading for the same price we sold our stock for! Forget about interest, I want my $11,000 that should have cleared on or about May 26th.
 
Posted by dishgal1 on :
 
Trader, mine isn't even showing as unsettled. It even shows it available for withdrawal....but I can't use it and I can't withdraw it.
 
Posted by BuyTex on :
 
Dish, clearly, we have *strained* all systems...lol, don't stop now {really}
 
Posted by BuyTex on :
 
Lou Grant, lol--

Molly Brown, your Mary Tyler look-alike-d-ness
knocked me out! Just woke back up...

maybe I spent too much time in those folks' attics today...
 
Posted by Trader88 on :
 
quote:
Originally posted by dishgal1:
Trader, mine isn't even showing as unsettled. It even shows it available for withdrawal....but I can't use it and I can't withdraw it.

Mine has shown as settled and available for withdrawal since about May 26th. But, it's definitely frozen. My next project is finding out the legality of them freezing funds for that long. I need to look over my agreements I signed with them, I'm sure there is lots of gobletygook that says that they can do whatever....but it can't be legal for them to hold it indefinitely.
 
Posted by Purl Gurl on :
 
Tex, I am thinking I should call you, "Ted Baxter"
for a nickname.

"It's actually tomorrow in Tokyo. Do you realize
that there are people alive here in Minneapolis
who are already dead in Tokyo?"

- Ted Baxter


Mary Richards
 
Posted by BuyTex on :
 
nooooooooo!

**Tex hears FAKE fingernails gouging the blackboard.**

Lucretia, ANY thing but that...why , why,,,, I'd even listen to RAP MUSIC....

Ted Baxter--that was a great character actor.

I'm going to the convenience store owned by "Mike" (ya, sure) from India, staffed by Pakistanis, across the street from one of the city's most popular VietNamese restuarants, down the block from the welding shop formerly owned by a Jacksboro Highway gambler, whose house is now surrounded by 17 stripes of Hispanic. When the parrish priest died, the diocese newsletter mentioned that he ministered to the most ethnically diverse parrish in the state. Once at the store, I will buy 47 12-paks in honor of the DTC's ability to change stripes at will.

I will tell "Frank" (real name, Fharouz), guess what? This is a great country that we are rescuing from Wall Street...He will smile and have no idea...but he's glad to be here. And I am, too.

But that does not relieve of us of our charge...

[ June 15, 2005, 22:33: Message edited by: BuyTex ]
 
Posted by pcloadletter on :
 
Just got this from one of my senator. My name has been changed to protect no one. [Smile]

___________________________________________
Dear Mr. pcloadletter:

Thank you for contacting me regarding your shares in Gluv Corporation. I appreciate your sharing with me your concerns.

I have referred your letter to the Securities Exchange Commission (SEC). Due to the nature of their investigation, they may not be able to comment on this specific case. I will forward to you any information that I receive from the SEC on this matter. However, please send me your POSTAL MAILING ADDRESS so that I will be able to mail you their letter in reply.

Again, thank you for taking the time to contact me on this issue. I will be back in touch.

Sincerely,
A
Richard G. Lugar
United States Senator

RGL/sbs
 
Posted by dishgal1 on :
 
"Due to the nature of their investigation, they may not be able to comment on this specific case."

This is basically what Raptor heard in response to his letter. It seems what they are basically saying is they cannot respond because the public doesn't need to know about all of the scams going on in the market, which if true, means they know about it and condone it as long as these stupid little companies can get by with it. Of course this is just my opinion. I believe this sort of thing goes on all the time, and they just turn their heads.
 
Posted by dishgal1 on :
 
Oh and speaking of comments, how about a comment on "UNFREEZING" our funds.
 
Posted by glassman on :
 
Senator Lott's office has yet to respond to me...
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6690884
quote:
Latest from Ameritrade "Your account is restricted only liquidating trades accepted"

 
Posted by BuyTex on :
 
The SEC's stated position--and it makes sense--is that once a suspension is over, they do not comment one way or the other as comment one way might seem an endorsement of the stock, thereby fueling a buying frenzy; yet, comment of another kind may cause a selling panic. Either could be wrong, because they don't know--hence the investigation, if any.

I deduce an investigation is, in fact, underway: otherwise the SEC should have directed DTCC/DTC/NSCC to instruct the
seller(s) to buy at open market to address their failure to deliver.

The flaw in my theory is the buying we've seen. Perhaps that *is* the seller(s) attempting to cover. Hence my keen interest in id-ing these trades. Of course, as I've learned, another MM entirely unrelated could be hired to work for "the guilty party." So much for market "transparency." These rules must be changed...

I am disheartened by the lack of response from our elected officials, yet will persist in contacting them.

I think we should concentrate on smaller newspapers that a part of a chain; eg, here, you might find one owner for the papers in Azle, Weatherford, Granbury, Stephenville, Walnut Springs. In fact, **light bulb** one of the papers in Crawford, Texas is part of such a chain...

Regardless, expect no word from the SEC. What should happen is some sort of statement lifting/nullifying NASD's "special notice," followed by messages from our brokers that any/all restrictions have been lifted and DTC estimates delivery within 5 business days.

I will now scoop up Toto, click together the heels of my red Chuck Taylor All-Stars, and return to Reverse Boycott HQ, where we are planning a massive, week-long "group pick" on some company widely known to be victim of NSS...However there is to be no "dump": we will demand our certs...anybody else like that idea?
 
Posted by Purl Gurl on :
 
Elsewhere, Tex comments,

"I saw in the media where the aliens from Roswell
sneaked out and took over the SEC."

All makes sense now! All these years I suspected
the SEC is populated by criminal blithering idiots.

Area 51 Aliens taking revenge on us! Absolutely!

We need an ACME raygun.
 
Posted by glassman on :
 
here ya go....
only 499,999.99 direct from the ACME catalog...
 -
 
Posted by Purl Gurl on :
 
I will sell some of my class A Berkshire Hathaway
shares and buy one, then slip on a man's black suit
and dark sunshades, then clean house at the SEC.
 
Posted by George on :
 
You guys are lossing your minds..... [Eek!]
 
Posted by Purl Gurl on :
 
 -

Nothing wrong with us! We are intelligent normal people!
 
Posted by George on :
 
Quit chewing on your fingers then....
 
Posted by H2NRG on :
 
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=GVRP&read=32
quote:
By: walktowalk
16 Jun 2005, 11:30 AM EDT
Msg. 32 of 33
Jump to msg. #
GVRP is dead! Like I said before that SEC could not solve the problem in 2 weeks. The insider (short seller) is to file BK in a FL court. GVRP is to be revoked by SEC eventually. Invesors have to file law suit against the company and TA. It may take as long as 2 - 3 years. This stock is gone for now and the company has no assest and is gone for good now. 250 T shares cannot be registered.

http://www.ragingbull.lycos.com/mboard/boards.cgi?board=GVRP&read=33
quote:
By: marionpolk
16 Jun 2005, 12:01 PM EDT
Msg. 33 of 33
(This msg. is a reply to 32 by walktowalk.)
Jump to msg. #
IF an insider were to file bankruptcy, the selling broker should still be on the hook for the "naked short" sales, which should still have to be closed out by purchasing from willing sellers.

I would like to know the source of your rather speculative post.


 
Posted by Trader88 on :
 
That post is a bunch of BS. It doesn't matter if the company only has 1 penny left, bankrupt, whatever. This company never had any real assets to speak of. The fails still need to be accounted for. I hate these people who think they know WTF they are talking about, and know nothing.
 
Posted by glassman on :
 
quote:
Originally posted by George:
You guys are lossing your minds..... [Eek!]

you can't lose something you never had [Big Grin]
 
Posted by Purl Gurl on :
 
Of legal interest from the IH board,

Posted by: sandy lee lee
Date:6/16/2005 11:30:25 AM

well ameritrade let me take my gvrp proceeds out
of my account on 6/13. transaction cleared next
day. today my checking account shows a withdrawal
request to be sent to ameritrade for the same
amount. i called the bank, they said if i didn't
request the withdrawal it is unauthorized and i
need to go to my branch and fill out papers
stating so. i already transferred the funds to
another account. hopefully i will be able to stop
them from taking it back.
 
Posted by glassman on :
 
wow, now this is getting interesting......

unauthorised withdrawals from bank accounts?

i bet Roger Reiney is lickin' his chops.....
 
Posted by Purl Gurl on :
 
Risk there is if she does not replace the funds,
her broker will probably seize her brokerage
account and liquidate to retrieve funds.
 
Posted by Trader88 on :
 
Would someone please buy some GVRP, volume is a bit low today! Come on, 100K shares only cost you 20 bucks, such a deal!
 
Posted by Trader88 on :
 
Whats the matter with me, am I spamming? I hope I don't get TOSS'ed, LOL!
 
Posted by Trader88 on :
 
Posted by: chisox pat
In reply to: None

Called Atrade and asked them to point me to the section in the client agreement which states they are allowed to indefinately withold sale proceeds without regulatory direction to do so. Got put on hold so the agent could ask their supervisor.

He came back on and told me that, while it wasn't in the agreement, the SEC had instructed them to withold the funds from the trades. I asked him to email me that statement and to copy it to the file I have open at the SEC. Put on hold again so he could talk to the supervisor.

Came back on and said he couldn't personally email me but if I emailed them, they could copy the SEC in the response. I noted they had not done so yet, but I'd give it another try. I then asked to reiterate that the SEC had ordered the suspension of funds. He then read me the NASD release from Monday. I asked him where it said they should hold funds from previous sales and he replied that he guessed it didn't. "So the suspension of funds wasn't on an SEC order?". He replied "I guess not".

As Lee would say, the saga continues....


Interesting post. I've read my agreement too and can't find anything that says that they can hold funds. And there is no SEC statement directing them to do so. I'm going to start hammering them.
 
Posted by DENSKIJR on :
 
Nice post Trader I think I'll try that too since they are holding my 10,000.00 as well

I'll let you know what happen =-)

Do I seem like Im in a good mood [Smile]
 
Posted by dishgal1 on :
 
I just emailed Atrade again. I more or less told them they had no right as far as I could see, to freeze my funds. I also reminded them if they hadn't put the phantom shares there, we wouldn't be having this problem in the first place. So whose fault is it really?

Also let them know I would be looking for another broker. They know I am pretty hacked at this point...anxiously awaiting response. Asked them to include any proof of being able to freeze my account.
 
Posted by dishgal1 on :
 
This from IHUB

GVRP -- GLUV Corp.
Com (No Par)(New)

Notice Regarding Transactions in GLUV Corp


Pink Sheets has received numerous questions regarding the resumption of gray market trading in Gluv Corp. (GVRP) shares. Due to the concerns publicly voiced by regulators and implications of statements by the issuer regarding the amount of shares outstanding, broker-dealers should recognize that GVRP shares will not be eligible to be quoted in the Pink Sheets.

While the SEC trading suspension ended on June 10th, broker-dealers should carefully review the facts and circumstances before accepting or executing orders in GVRP shares.

The SEC suspended trading in this security when the Company announced that approximately 3 million shares had been improperly issued prior to the dividend payment date, rendering them invalid. In a recent Notice to Members, the NASD indicated that it is still not entirely clear whether or not the shares that were trading are part of a valid issue. The NASD notices have put the broker-dealer community on notice that these shares may not be valid or may be part of an unregistered distribution of securities in violation of Section 5 of the Securities Act of 1933.

The NASD notices are available at:
http://nasdaqtrader.com/Trader/News/2005/headtraderalerts/hta2005-063.pdf
http://www.nasd.com/web/groups/rules_regs/documents/upc_notice/nasdw_014363.pdf
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_014362.pdf

Pink Sheets strongly advises broker-dealers to review the publicly available facts and circumstances before executing any purchase or sale transactions in GVRP shares that would be in violation of securities laws.

Broker-dealers should be aware that it is their responsibility to know both their "customers and the securities being sold." Sales of Unregistered Securities by Broker-Dealers, SEC Securities Act of 1933, Release No. 5168; Securities Exchange Act of 1934, Release No. 9239 (July 7, 1971). You have this responsibility whether or not you file a Form 211. Broker-dealers cannot hide behind the exemption for unsolicited quotations in Exchange Act Rule 15c2-11(f)(2), in executing a customer order in a security that is invalid.

Trading securities that are invalid or that are part of an unlawful distribution of securities is a fraud in violation of federal securities laws. Broker-dealers that assist their customers to commit fraud, or engage in fraudulent activities themselves, would be violating Section 15(c) of the Exchange Act. The NASD notices also pointed out that broker-dealers should exercise great caution in executing "member-to-member transactions for the purposes of resolving open fails, until such time as members can be assured that the shares in circulation were part of a bona-fide issuance." We think that most of the recent trades that have occurred in this security will probably have to be cancelled.

As we have stated in past messages, we hope that the experience with this issue will prompt the regulators and the industry to create a procedure for prompt notification to an appropriate regulator and immediate regulatory action so that "clearly erroneous" trading can be halted immediately and back office confusion and unnecessary expense can be minimized.

That said, you should be aware that GVRP shares held by your customers may not be valid. Broker-dealers should ensure that the GVRP stock held in proprietary accounts or for customers is valid and not part of an unlawful distribution before accepting any orders or engaging in any trading. Responsible broker-dealers do not accept orders or execute transactions in securities that are invalid because such activities constitute assisting their customers in the commission of a fraud in violation of their responsibilities as a broker-dealer.

Any broker-dealer that has any questions about the validity of GVRP stock should cease all trading in it immediately. Anyone with questions about their responsibilities as a broker-dealer regarding the trading of GVRP shares is strongly advised to seek the advice of competent counsel, or guidance from the NASD or SEC.

http://www.pinksheets.com/quote/news.jsp?symbol=GVRP&headline=Notice+Regarding+Transactions+in+G...
 
Posted by dishgal1 on :
 
There is a disclaimer at the bottom if you go to Pinksheets.com........It seems that Gluv may have put this out.

http://www.pinksheets.com/quote/news.jsp?symbol=GVRP&headline=Notice+Regarding+Transactions+in+GLUV+Corp&pno=1&compid=643833

The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.
 
Posted by BuyTex on :
 
Dishgal, this is too, too funny. Look what've they've done, now!. These idiots, lol, i can barely type, i'm laughing so hard. I'm starting to think they've hired a certain pump-n-dump artist who shall remain nameless. Anywa, now they're "forging" announcements from PinkSheets. I wonder if Coulson, or whatever his name is, knows about this? What jokers! ...everytime they turn around they're doing something else illegal
quote:
GVRP -- GLUV Corp.
Com (No Par)(New)

Notice Regarding Transactions in GLUV Corp
{deleted; in excerpt note my emphasis on sections deliberately using first person plural to mimic a PinkSheet release . . .}

We think that most of the recent trades that have occurred in this security will probably have to be cancelled.

As we have stated in past messages, we hope that the experience with this issue will prompt the regulators and the industry to create a procedure for prompt notification to an appropriate regulator and immediate regulatory action so that "clearly erroneous" trading can be halted immediately and back office confusion and unnecessary expense can be minimized.


{deleted ... but notice the final line, which was missed in the i-hub cut n paste}


The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.

Holy Moly--will forward this to SEC--better hurry before PinkSheets takes it down...ha hahaaaa, too much
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
There is a disclaimer at the bottom if you go to Pinksheets.com........It seems that Gluv may have put this out.

http://www.pinksheets.com/quote/news.jsp?symbol=GVRP&headline=Notice+Regarding+Transactions+in+GLUV+Corp&pno=1&compid=643833

The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.

I was writing while you were posting--are these guys a riot, or what?
 
Posted by Purl Gurl on :
 
"...such activities constitute assisting their
customers in the commission of a fraud...."

I just knew it! I just knew you people are crooks!
 
Posted by BuyTex on :
 
ya, lol lol lol, it's PRICELESS! Their scam goes bad, so we're the crooks! They crashed the getaway car, tried to hitchike a ride from Barney Fife, got put in overnight drunk tank with Otis, and their story is, Sir, we had that heist set up all fair and square.
 
Posted by BuyTex on :
 
we should start a betting pool on who they will impersonate next...btw I did get a copy and the url to SEC...

[ June 16, 2005, 19:03: Message edited by: BuyTex ]
 
Posted by Purl Gurl on :
 
Making fun of Barney. You just wait until
I tell Aunt Bee. You are in for it, you
flop eared mule!
 
Posted by glassman on :
 
seems to me they are admitting they instigated fraud themselves....
this might just be the case that ends the need for the SHO list...

now where is my money? [Big Grin]
 
Posted by BuyTex on :
 
Aunt Bea! Went to visit the pet mule at Amos McCoy's, but the farmstead was in an uproar as Amos was screaming at Lukie to find Sugar Babe, who had apparently slipped off with Pepino. Mendacity, everywhere...
 
Posted by keithsan on :
 
LOL- thats a funny pr.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6701921
quote:
Posted by: janice shell
In reply to: eviltweety who wrote msg# 63076
Date:6/16/2005 8:41:22 PM
Post #of 63368

Rather to my surprise, someone from the NASD called me today. His name is Tom McAllister. I think; I'm terrible with names.

Though we talked for about fifteen minutes, he didn't offer much enlightenment. He does understand what happened, but seems to have no idea how the problem will be resolved. He said vaguely that the NASD is "working on it", but that he couldn't give me any time frame for a resolution. My own take was that he was telling me we wouldn't see it any time soon.

He also sort of asked me if the SEC was investigating. You'd think he'd know. I told him about Joe Cella's mysterious disappearance.

Like Pat Clem, he offered that we could go to arbitration. I pointed out that that was likely to be complicated and expensive. He agreed. I suggested that the NASD itself could take the seller, the company, and the relevant MMs to arbitration. He didn't seem to think that was possible. I pointed out that they ARE an enforcement agency.

That was about it. Oh yes, he added that anyone who's made a complaint to the NASD will get a written reply. Sometime.

I think the problem here is that we're only able to talk to the people in the complaint department, not the ones who're actually dealing with the situation.


 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6701989
quote:
Posted by: jobynimble
In reply to: SSP who wrote msg# 63353
Date:6/16/2005 8:51:24 PM
Post #of 63373

Maybe it's time to send all relevant materials re: GVRP

Main office mailing address
Office of Attorney General Charlie Crist
State of Florida
The Capitol PL-01
Tallahassee, FL 32399-1050
Main office telephone numbers
Switchboard: 850-414-3300
SunCom: 994-3300
Citizens Services: 850-414-3990
Florida Relay/TDD: 800-955-8771
Florida Toll Free: 1-866-966-7226
Fax: 850-410-1630
SunCom Fax: 210-1630


 
Posted by H2NRG on :
 
Attorney General Charlie Crist http://myfloridalegal.com/pages.nsf/4492d797dc0bd92f85256cb80055fb97/1515ce372e59d1e885256cc60071b1c4!OpenDocument
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6702045
quote:
Posted by: jobynimble
In reply to: Mr. Bill who wrote msg# 63371
Date:6/16/2005 8:59:09 PM
Post #of 63379

We can do this online and if enough of us complain they have no choice but to look into it. I would suggest also keeping it as short as possible and also suggest they contact the SEC and NASD and include relevant names and phone numbers; we have to get the story straight, clear and to the point.

" target="_blank">http://myfloridalegal.com/contact.nsf/contact?Open&Section=Attorney_General[/quote]
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6702069
quote:
Posted by: Mr. Bill
In reply to: jobynimble who wrote msg# 63377
Date:6/16/2005 9:02:55 PM
Post #of 63379

Maybe write up a template that can be sent and ask everyone to bend just enough so it does not look like a form letter but has a consistent message ? Include the post and the request to bend a little and ask folks to mass email them in in the evening.

Then they come in in the morning and there are 100 emails about GVRP.

Do this on a daily basis until action occurs?

Thoughts?


 
Posted by Trader88 on :
 
"Broker-dealers should be aware that it is their responsibility to know both their "customers and the securities being sold." Sales of Unregistered Securities by Broker-Dealers, SEC Securities Act of 1933, Release No. 5168; Securities Exchange Act of 1934, Release No. 9239 (July 7, 1971). You have this responsibility whether or not you file a Form 211. Broker-dealers cannot hide behind the exemption for unsolicited quotations in Exchange Act Rule 15c2-11(f)(2), in executing a customer order in a security that is invalid."

This statement is actually true, the brokers are on the hook for this too, maybe the company is doing a service by pointing this part out. They are in DEEP caca!!!!!
 
Posted by H2NRG on :
 
Perhaps some of Purl Gurl's email to Ms. Remond could be useful to send to the FL atty gen'l? Perhaps some of the following points could be rewritten for mass mailing? Just a thought. From http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/2/t/007928/p/115.html#004025
quote:
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 by keithsan on :
 
quote:
Originally posted by keithsan:
LOL- thats a funny pr.

remember, the company and everyone else can put out all the pr's they want on this and say whatever....

the statements they make hold no weight when they comment on what the sec wants etc. I'll let the SEC and the other big guns tell me whats going on, I'm not listening to these clowns who don't know what an ex-date is [Big Grin]
 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
Perhaps some of Purl Gurl's email to Ms. Remond could be useful to send to the FL atty gen'l? Perhaps some of the following points could be rewritten for mass mailing? Just a thought. From http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/2/t/007928/p/115.html#004025
quote:
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.


EXCELLENT! Send that to the SEC too. I would, but it would be plageurizing (sp?)!!
 
Posted by H2NRG on :
 
I'm trying to figure out what a number of us shareholders could do en masse to move us out of this stalemate. We need a standard form letter that could be customized a bit per each person's situation, but states the same meat of information, and isn't too verbose.
 
Posted by H2NRG on :
 
Purl Gurl, as a self-proclaimed "English Professor" (are you really?), might you help out with crafting a standard letter that could be tailored by each of us, or perhaps a bullet list of essential items for us to include individually? Somehow, we need to make it easy for numbers of us to contact the right people, and not ramble on about frivolous stuff. Not all of us have as much time as others to spend on crafting the correct response, so having a template to start with would be of great help. Any chance you're up for the challenge? Pretty please?
 
Posted by Trader88 on :
 
I have received no responses from Senators/Reps yet. Usually, they send out a canned response to most things. Leads me to believe they might be looking into things, kind of encouraging to me.
 
Posted by George on :
 
quote:
Originally posted by dishgal1:
There is a disclaimer at the bottom if you go to Pinksheets.com........It seems that Gluv may have put this out.

http://www.pinksheets.com/quote/news.jsp?symbol=GVRP&headline=Notice+Regarding+Transactions+in+GLUV+Corp&pno=1&compid=643833

The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.

I thnk that is just a default footer. It reads like a release from Pinksheets because they talk about their past opinons about notification. I have looked at other releases but they do not have that disclaimer...Now I wonder.

[ June 16, 2005, 22:16: Message edited by: George ]
 
Posted by H2NRG on :
 
quote:
Originally posted by H2NRG:
Purl Gurl, as a self-proclaimed "English Professor" (are you really?), might you help out with crafting a standard letter that could be tailored by each of us, or perhaps a bullet list of essential items for us to include individually? Somehow, we need to make it easy for numbers of us to contact the right people, and not ramble on about frivolous stuff. Not all of us have as much time as others to spend on crafting the correct response, so having a template to start with would be of great help. Any chance you're up for the challenge? Pretty please?

I figure that individually, our emails and phone calls in dribs and drabs may gain a little attention, but if we group together with the same message ("I am a GVRP shareholder, and I demand justice!"), we'll be heard with a more powerful voice. I feel that Purl Gurl has gotten to the heart of the GVRP issue, plus her professorial writing style is professional in nature, and I would expect well-accepted by the people we're hoping to engage on our behalf. It is because of this, I would like to nominate Purl Gurl as our Ambassador to the regulators and enforcement community. Anyone want to second this motion?
 
Posted by Trader88 on :
 
The company put out this latest PR via Pinksheets News Service. They seem to be speaking FOR Pinksheets, I wonder if Pinksheets has approved of this. What's the saying, "when you're deep in a hole, stop digging"??
 
Posted by Trader88 on :
 
If this is from Pinksheets, why didn't they mention the fact that the rules call for covering of the shares? They are saying "reverse everything", that's a total impossibility at this point, and I believe SEC knows it. Reversing everything lets EVERYONE off the hook, they are acting like shares were improperly issued and it was an "honest" mistake. Someone needs to bring Pinksheets up to speed.
 
Posted by George on :
 
I look at it again and again. I had to edit this post because it was confusing the matter
 
Posted by George on :
 
That footer is on all of the news that falls under "PINK SHEETS NEWS SERVICE". So it is a default footer which means the story could be from Pinksheets.
 
Posted by Trader88 on :
 
Look at the Golden List, SSP's synopsis of the situation is absolutely perfect and factual. That should be sent out to anyone and everyone!!!

http://www.tgllive.com/gvrp.htm
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
quote:
Originally posted by dishgal1:
There is a disclaimer at the bottom if you go to Pinksheets.com........It seems that Gluv may have put this out.

http://www.pinksheets.com/quote/news.jsp?symbol=GVRP&headline=Notice+Regarding+Transactions+in+GLUV+Corp&pno=1&compid=643833

The above news release has been provided by the above company via Pink Sheets News Service. Issuers of news releases and not Pink Sheets are solely responsible for the accuracy of the such news releases.

I thnk that is just a default footer. It reads like a release from Pinksheets because they talk about their past opinons about notification. I have looked at other releases but they do not have that disclaimer...Now I wonder.
George,
It **is** a "default footer," for PR releases from companies.

The reason it "sounds like" PinkSheets is someone versed in mimicking others wrote it. They were careful to include NASD verbiage as well as Coulson verbiage, all slanted to reinforce the spin that company is merely a victim of "clearly erroneous trading" and in fact it's those damm traders/investors who court felonies if they keep trading. Just another level up from previous spin attempts--they probably hired a pro who worked on it for 2-3 days and then passed it by whatever legal resource they got to make sure it hit the right statutory info.

Choice 1: they outsmarted themselves again, overlooking the auto-load PR disclaimer

Choice 2: they are now phucking up on purpose in order to be revoked

Either way, we can take some small satisfaction for having snuffed the MediaMagic/DigiKidz/Orangebox scam...they either have to pay on failed-to-deliver or intentionally screw up so bad as to kill their own pump n dump...
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Look at the Golden List, SSP's synopsis of the situation is absolutely perfect and factual. That should be sent out to anyone and everyone!!!

http://www.tgllive.com/gvrp.htm

first read shows to be excellent summary; needs to go to powerful folks who can follow links---hmmm, need a way to quit hittine generic congressional offices, but sharp assistants of chiefs of staffs...
 
Posted by BuyTex on :
 
quote:
Originally posted by George:
That footer is on all of the news that falls under "PINK SHEETS NEWS SERVICE". So it is a default footer which means the story could be from Pinksheets.

yes, see above explanation: the post is from PinkSheets "news," but NOT from PinkSheets itself..
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
Look at the Golden List, SSP's synopsis of the situation is absolutely perfect and factual. That should be sent out to anyone and everyone!!!

http://www.tgllive.com/gvrp.htm

Trader, as mentioned, I've only skimmed it once, but "SSP's" summary appears to something everyone can sign on to, thusly:

quote:
Dear ________,
I've been sending to pertinent agencies and congressional watchdogs long, involved explanations of a terrible situation that needs to be corrected now, not months or years from now. As part of my reesearch, I found this on a message board on the internet: after careful review, I believe it correctly summarizes this appaling situation, which threatens market integrity.


 
Posted by pcloadletter on :
 
Trader....

Senator Lugar did respond to me. His office is looking into it. They asked for my mailing address so they could forward a hard copy of anything they received from the SEC.

They did inform me that the SEC response might be a only that they cannot comment on an ongoing investigation.

At least he is following up in it.
 
Posted by BuyTex on :
 
pc, that is very good. we should keep score of which legislators respond and how well...
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
Trader....

Senator Lugar did respond to me. His office is looking into it. They asked for my mailing address so they could forward a hard copy of anything they received from the SEC.

They did inform me that the SEC response might be a only that they cannot comment on an ongoing investigation.

At least he is following up in it.

EXCELLENT. Do you know what committees he is on?
 
Posted by Purl Gurl on :
 
A "summary" approach to letter writing is a good
idea. The shorter, the more concise, the better.

While Steve Platsis' efforts are appreciated, his
article is too long, too emotional and too accusatory,
based on my experiences in writing persuasion.

He also bird walks; he lacks organization.

When a reader reads the first bit of emotionalism,
and especially accusation, most often a letter ends
up in his circular file, immediately.

My thought is you will do better to present a brief
chronology of events, each with a short paragraph
header, followed by a link to expansion. Allow the
reader to draw conclusions, with gentle persuasion.

Eliciting an emotional response from a reader is
best left to professional writers. Words and theme,
both must be carefully chosen, and composed based
on prior experience. Avoiding a dissertation length
article, leave out emotions and accusations; those
will defeat you, instantly.

You are addressing an unknown audience, keep it
simple and short.
 
Posted by Purl Gurl on :
 
Dishgal, some abstracts from an E*Trade contract
with customers which might help you to better
understand why brokers can manipulate accounts,

"In the case of a sale of Securities and/or Other Property, E*TRADE Securities
is authorized to borrow or otherwise obtain the Securities and/or Other Property
as necessary to enable E*TRADE Securities to make delivery, and I agree to be
responsible for any Losses E*TRADE Securities may incur in doing so. I understand
E*TRADE Securities may anytime, at its sole discretion and without prior notice to me,
prohibit or restrict my ability to trade securities.

Proceeds of a sale will not be paid to me or released into my Account until E*TRADE
Securities has received the securities in good deliverable form, whether from a transfer
agent or from me and the settlement of the securities is complete...If the securities are
not received on or before Settlement Date, or as market conditions warrant, E*TRADE
Securities may in its sole discretion purchase the securities on the open market for my
Account and may liquidate and close out any and all Securities and/or Other Property
in my Account in order to pay for such purchase."

"...securities in good deliverable form...."
 
Posted by BuyTex on :
 
Purlie,

I disagree with Steve's summary on minor points only. in fact, have already forwarded to interested officials, with reservations noted. Can we craft something better?

Crazy thought, admitted--but,,,,could peeps interact with Roberta to produce "core" points message, yet individual because each individual would interact differently?

Or, a tweak of Roberta? Just a thought--not asking you to inject Perl-caffeine...
 
Posted by Purl Gurl on :
 
* laughs *

That would not be a good idea. Roberta is based
upon and has my personality. Following her advice
will earn you a blackeye, most often.

You need Glassman's wit and personality to both
survive and appreciate a person like me.

Someone just asked Roberta for a definition.
I should go have a look.
 
Posted by Purl Gurl on :
 
Monkey Face
Are there any animals funnier than monkeys?
the meaning of life?

meaning of semantic?

--

Roberta The Remarkable Robot
Are there truly animals funnier than monkeys to begin with?

Monkey Face
Where is the bathroom?

Roberta The Remarkable Robot
I hate going to the bathroom right after my
cleaning lady finishes cleaning the toilets. I
always feel like I am ruining her hard work. It
just feels really disrespectful.
 
Posted by Purl Gurl on :
 
Copied and pasted out of order, but you get the idea.

I enjoy watching people try to get a straight
answer out of her.
 
Posted by BuyTex on :
 
ah, well, just a thought...guess I'll have to dial her number...

anyway, the main value of SSP's summary is:

"real name" and "handle" up front

a timeline even "office folk" can follow

well-organized links to pertinent pivots AND regulations...

I've been sending long responses to requests for "full summaries," because when you first contact a given legislator's office, they have no clue, AND do not know where to forward it, thereby dooming your message to inter-office maze, from whence it may surface too late...

long-term, the Roberta "technology" could eveolve to a means whereby "mass responses" could be individualized, no?
 
Posted by Purl Gurl on :
 
Mass responses? Intelligent responses? From one
of my dream childs?

Monkey Face
Do you answer questions or talk in circles?

Roberta The Remarkable Robot
It's my answer! I can have it anyway I want!
Sometimes I answer questions or talk in circles,
Monkey Face. I am not sure this is one of those
times.
 
Posted by BuyTex on :
 
yes, get it--turn the telescope around...
 
Posted by BuyTex on :
 
not asking if *you* __would__ do it? But from your programming perspective, how hard would it be to 180 Roberta into freshman English on steroids:

Theme:

Topic A

Topic B

Topic C

Why do you care?


keyword search


scramble

New Sentences

introduce random thought

re-parse

introduce random spelling errors, averaged over poster's known/suspected spelling errors

re-send to poster for final edit...
 
Posted by Purl Gurl on :
 
"...turn the telescope around."

An excellent analogy! I am aware you have rather
decent writing skills and are a good thinker. You
do have a knack for summing up a lengthy thought
in a one liner!

There are over eighteen-thousand rules of grammar
and literally an infinite number of statements,
which can be commentary or interrogatory.

Artificial Intelligence, impossible.

I am going on my seventh year of programming
Roberta and her language skills are still
below kindergarten level.

Turn the telescope around, turn the tables,
yes, that is the best approach for now. Keep
people flustered, you got 'em.

What you suggest in programming is already
effected; Microsoft Works!

No, you cannot write a program to interject
commentaries, at least relational comments
because topics, like statements, are most
infinite in number. You would have to "tell"
the program what to write, and in that case,
it is easier to simply write it yourself!

--

May 1, GLUV took this action (brief description)
and a link to that, http...

May 13, GLUV did this... link

June 1, GLUV filed this... link

In closing (signals closure summary) my opinion
is you people are bozos and should stripped naked,
put on a leash and paraded up and down Main Street!
 
Posted by Raptorsrule on :
 
Another response from amtd. The first letter stated the compliance dept. was investigating...nw look who is on it.....Hmmmmm

June 16, 2005


Dear XXXXXXXXX:

Thank you for your correspondence, regarding your account held with Ameritrade, Division of Ameritrade, Inc. Your correspondence has been forwarded to the Client and Regulatory Relations department for review.

Your correspondence will be thoroughly researched and we will respond to your concerns in writing to your address of record. If you have additional concerns about an unrelated matter or need immediate assistance or service please contact an Ameritrade Client Services representative toll-free at 800-669-3900. Ameritrade representatives are available to assist you 24 hours a day, 7 days a week, excluding market holidays.

Thank you for bringing this concern to our attention. We will respond to your concerns within 15 business days.

Sincerely,


Ameritrade, Inc.
Client and Regulatory Relations
Corporate Compliance


Ameritrade, Inc. Member NASD/SIPC (www.sipc.org)
Distributed by: Ameritrade, Inc., 1005 N. Ameritrade Place, Bellevue NE 68005
 
Posted by cruz on :
 
you guys have something you want me to send to my senators of illinois?
 
Posted by BuyTex on :
 
Raptor and Purl
just got back...band biz, right quick

Raptor, what I also like in the message you provoked is a definite timeframe for a response. Not the timeframe I'd like to see, but much better than "when we hear something." Good pressure--in soccer, we call it "pressure on the goal."
-----------
Purl, had a response full of (n) + (n+1) + (n+2) bullchitamerie, but all I'm postulating is 3,000 freshmen, writing to the same topic. Filtered through software, producing 3,000 "different" responses, yet with "core message" preserved. Prolly, the more I think about it, college kids prolly already have it...no need for "AI"-type timeline variables; the only variables would be spelling errors...easily picked up by your MS Office functions...you like the telescope metaphor? cut the deck in half...we're getting there
 
Posted by BuyTex on :
 
quote:
Originally posted by cruz:
you guys have something you want me to send to my senators of illinois?

hey, cruz,
yup, read this:

http://www.tgllive.com/gvrp.htm

and know the biggest objection so far has been Purl on aesthetics of protest rhetoric. I do not agree with everthing Steve is saying, but it's a great summary, to which you can append any short, prefacing remarks.
 
Posted by H2NRG on :
 
I still like the approach that Purl Gurl had, get to the point, what the likely precedents the situation is leading toward, in a very non-emotional manner. However, now that Steve has done his summary, a hyperlink should definitely be included, as he was one of the instrumental people to spread the word about GVRP and seek out the true story (at least from my perspective--I learned of this situation all on IHUB, and found out about this Allstocks discussion thread well after I had bought my shares). Steve's summary does capture the chronology well, but is very long if the reader has little time and wants an executive summary-type of explanation. I am trying to take a stab at this. I will try to briefly summarize what happened (some chronology), but then use some of the issues that Purl Gurl wrote in these emails to Carol Remond:

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/2/t/007928/p/115.html?#004024
http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/2/t/007928/p/116.html?#004058

It may take some time for me to piece this together. Lots of other stuff on my plate at this point. I welcome other attempts to be posted here--it could facilitate the process of getting a good template out there.
 
Posted by pcloadletter on :
 
Senator Lugar:

He is the Chairman of the Senate Foreign Relations Committee and member and former Chairman of the Senate Agriculture, Nutrition and Forestry Committee.

While serving on the Banking Committee from 1977 to 1982, Lugar earned recognition for his leadership on the Chrysler and New York City loan programs. In both situations, he helped create a compromise to bridge the differences between supporters of expensive bailout programs and Senators who opposed any federal help.
 
Posted by dishgal1 on :
 
"...securities in good deliverable form...."

Purl, I see what they are saying.....EXCEPT....my point is they should NOT have put them in my account to begin with and now want to hold me responsible.
 
Posted by glassman on :
 
the following is ONE of the many letters i have sent...this is a very short TO THE POINT letter... feel free to copy this and send to anybody you like [Big Grin]


Dear Senator Lott,

I am forwarding this notice to your office because I have become a victim of the selling of counterfeit shares. This is not an imaginary problem as some at the DTCC would like everyone to believe. I have purchased 175 shares of stock (symbol GVRP) which have a due bill attached for 3 million shares each.

I have also purchased 5 million shares of stock in the same company that were "free trading" on the market after the split occurred....
The proof is in the mathematics here. I have yet to receive my post-split shares but others were able to trade them. This is a real issue and our nation is losing hundreds of millions of dollars in capital gains taxes due these "irregularities" in the marketplace.

Please, for the sake of the US economy, initiate an investigation into the practice of trading in "phantom" shares within the investment community. The facts are plain. The NASD publishes a threshold failure to deliver list every day, and the list is getting longer and longer.

here is the link:
http://www.nasdaqtrader.com/aspx/regsho.aspx

This activity is highly suspicious to say the least. I compare it to printing your own money and if you continue to turn a blind eye to these practices we may very well see a collapse of the entire securities market.

Sincerely,
glassy-eyed BOZO
one of your constituents...

 
Posted by BuyTex on :
 
yup, that is good, too. Then if they want more from the writer, they'll ask...nice work, Glasster
 
Posted by Trader88 on :
 
EXCELLENT Glassman! Wow, everyone is so darn excellent around here! That was a good intro to Senator Lott!
 
Posted by dishgal1 on :
 
Very interesting news from Pinksheets


http://www.pinksheets.com/otcguide/issuers_shortsellingletter.jsp

Dear OTC Investor:

I am writing to alert you of a very important rule change that is needed to improve the OTC marketplace. I need your help to make regulators turn on the lights and protect investors from the menace of hidden short selling in the OTC market.

I think you'll agree that this issue deserves the small amount of your time it will take for you to tell the SEC what you think about this issue.

As Chairman & CEO of the Pink Sheets, I know perhaps better than anyone the importance of improving the Pink Sheets and OTCBB trading. And I know the devastating impact that small companies face when their market is tarnished by the threat of manipulation.

There is a crisis facing the OTC market today in the lack of short sale position reporting and disclosure for OTC issues. This lack of transparency regarding short selling in the OTC market allows fraudulent acts to go undiscovered and manipulative short sellers to hide.

I believe regulators should fix the problem. Small issuers traded on the Pink Sheets and the OTCBB deserve the same transparency and regulatory oversight of short selling as those listed on Exchanges or NASDAQ.

Therefore, Pink Sheets has petitioned the SEC to cause the amendment of NASD Rule 3360 and require NASD broker dealers to maintain a record of total "short" positions in all customer and proprietary firm accounts in all publicly traded equity securities as well as report this information to the NASD for public dissemination of the short positions by security. The SEC's action is urgently needed to prevent fraudulent acts, expose market manipulation, promote fair principles of trade and protect investors.

Our full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-500.pdf and comments by other concerned OTC market participants are available at: http://sec.gov/rules/petitions/4-500.shtml

But I cannot make this important rule change happen without your help. Thus I'm asking you to write a letter today, and voice your support to the SEC for the Pink Sheets' Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination.

So please send your comments via Email to: rule-comments@sec.gov with a Cc: copy to: pubcom@nasd.com

Or, if it's more convenient, you can mail your comments to:

Jonathan G. Katz
Secretary, Securities Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

With a copy to:

Barbara Z. Sweeney
Senior Vice President and Corporate Secretary, NASD
1735 K Street, NW
Washington DC 20006-1500;

Either way, your Email or letter should refer to SEC File No. 4-500. Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination of Aggregate Positions by Security.

I know I'm asking you to do a lot. But it's important that we make the OTC market transparent and fairly regulated. I think you'll agree that this issue deserves the small amount of your time to tell the SEC what you think about this issue.

Remember, the only way to succeed in achieving this rule change is through the public outcry of investors demanding the SEC make this needed improvement to the OTC markets, and there is no substitute for your personal voice in this debate. This important rule change is not going to happen if you remain silent.

So please, don't rely on others to get the job done. Write your Emails or letters today. Together, we must win this battle and convince the SEC not to treat the OTC secondary markets for small companies as second class citizens.

Without this rule change investors and securities regulators will be blind to any short selling activity in Pink Sheets and OTCBB stocks. The SEC needs to know that the lack of short sale information in your securities is unacceptable and demand they change NASD Rule 3360 immediately.

I'm asking for your help to improve this critical part of the securities market, so that companies like yours will be traded in transparent, efficient and well regulated OTC markets. Please do your part by writing your Email or letter today. Every voice counts in the debate, and yours could be the one that puts us over the top.

Thank you for your time and help in this fight.

Sincerely,

R. Cromwell Coulson
Chairman & CEO


P.S. We can only succeed in making these rule changes with your help. So please, take action today. And once again, thank you very much for your help.

Note: To comment to the SEC via Internet, use rule-comments@sec.gov with a Cc: copy to: pubcom@nasd.com

File No. 4-500. Request for rulemaking regarding member records of "short" positions and reporting and public dissemination of aggregate positions by security.

SEC Public Petition page: http://sec.gov/rules/petitions.shtml

Pink Sheets request is available at: http://sec.gov/rules/petitions/petn4-500.pdf

Comments by other concerned OTC market participants are available at: http://sec.gov/rules/petitions/4-500.shtml
 
Posted by glassman on :
 
i have also forwarded this letter to various people:
i verified that this letter and person are real using my own search techniques.
Ms. Livingston also verified that she has filed this letter with the SEC....

the proxy issue also offers mathematical proof that the problem is not only real, but significant:

From: Lori Livingston
Sent: Friday, May
27, 2005 3:26 PMTo: chairmanoffice@sec.gov; marketreg@sec.govSubject:
Elimination of Stock Certificates

To whom it may concern:

I am writing in regard to the recent press release from the Depository Trust Company (DTC) and other recent events and rules regarding DTC eligibility and Issuer rights in regard to DTC participation.

As someone who has been in the transfer agent business for 23 years, I am alarmed by recent developments and trends that all work toward a system of increasing positions on the books and records of corporations in the name of Cede & Co. (nominee name for DTC). As the transfer agent for approximately 300 issuers, I am increasingly contacted by these companies as they seek information regarding the stock ownership in their companies and the underlying trading of those shares in the market. Over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper. This trend, and the resulting problems I will detail below, continues to increase because a minority of the total number of shareholders are reflected on the books and records of the corporation, most activity takes place behind the wall of ownership that is designated as Cede & Co. and neither the company nor the transfer agent has any access to the underlying information.

While the press release (which I have attached) heralds the movement toward increasing this trend of dematerialization as a triumph and great progress which will save investors millions of dollars, I see this trend from a different perspective and one which is not only alarming to me but to many of the companies that will be effected by these changes. I also disagree as to whether or not it will save shareholders millions of dollars or merely shift the costs through a different route and into different pockets. Additionally, I see this as continuing the trend of increasing costs to corporations, particularly smaller issuers already struggling with the ever increasing price of being a public company, and further decreased shareholder value based on the additional expense paid by the company.

Furthermore, DTC recently managed to put through a rule change (Release No. 34-50758A; File No.S7-24-04) that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system. This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock.

I receive calls from companies seeking information as they watch millions of shares trade in a single day, who watch their share price decrease in value and who have no access to information regarding who is behind the trading of these shares, or if in fact the trades are at all legitimate. As the system now operates, most companies have a large percentage of shares on their books registered to Cede & Co. This position usually represents a majority of the outstanding stock in any given company. Underlying this position is a system at DTC which is reflected in a Position Listing Reportand this report represents the brokers and clearing firms that hold positions in any given security on DTCs books and records for the beneficial owners (Non Objecting Beneficial Owners NOBOs and Objecting Beneficial Owners OBOs) or shareholders. The trades that take place on a daily basis move between these brokers and clearing firms electronically; however, the Issuer (nor their transfer agent) has any access to this data unless they order and pay for the lists. This is not only expensive for the company, but it also does not tell them anything about who actually owns the stock. For that information they must go to yet another party and that is ADP.

ADP is engaged by the brokers to keep track of the NOBOs and OBOs and to send the shareholders in Street Namereports and communications from the Issuer. Their other vital function is to serve as proxy tabulator for the shareholders who hold their shares in broker accounts. This is a critical function for the public company and one which they are required to perform by law. Given the importance of shareholder voting and communication one would assume that the same requirements placed on transfer agents as to accuracy and reporting would be placed on ADP and Cede & Co. as they usually hold or service the majority of the shares owned in any given company. I have found; however, that when presented with the tabulation reports from ADP the share totals they report sometimes exceed the total number of shares outstanding for the company. Let me restate this because it is a very important part of my concern about a system that is more and more headed in the direction of increased control by DTC. The shares presented by ADP, that are the shares voted by the brokers on behalf of the shareholders for whom they hold accounts, EXCEED when added to the shareholders of record the total number of shares outstanding. As the final judge and inspector of elections I would naturally inquire as to how the number of shares could be higher than the total shares that exist for a company and to my surprise I am told by ADP that they only vote what is reported by the brokers. It becomes the responsibility of the company, and further the transfer agent, to reconcile the numbers so that an annual meeting can be conducted that reflects numbers of share voted that makes any sense.

Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data? There have been a great deal of new regulatory levels of reporting put on companies (i.e. Sarbanes- Oxley Act compliance), but from where I am positioned in the marketplace that does not address what is a far greater problem for issuers shareholders and the integrity of the markets, and that is, who are their shareholders and how are their shares trading?

I will close at this point with a request to the SEC that in the rush to move to dematerialization someone look at the existing system and the inequities that exist in the market based on a companies complete ignorance and inability to know what is actually going on with the shares of their companies and the problems we face in the future as we move toward a system where the brokers, DTC and ADP have more information and control than the shareholders, the transfer agents and the issuers. In fact, as the system is evolving, DTC is de facto becoming the largest transfer agent in the industry even though it is an organization formed by and working for the interests of the brokerage community. If, ultimately, the S.E.C. is in place to protect investors then this issue can not be ignored because in the end when the market is completely under the control of the brokers and
the organizations that represent them then the market can neither be
transparent nor fair.

I thank you for your time in reading this communication.


Lori Livingston
President & CEO
Transfer Online, Inc.
317 SW Alder St., Second Fl
Portland OR 97204
- - - - -

 
Posted by BuyTex on :
 
Dish, That is one of the reference points the Media Magicians were using to mimic PinkSheet's "stance" in their fake announcement. A real "open letter," it is Coulson's reponse to the reporting of "Stockgate."
 
Posted by Purl Gurl on :
 
to: rule-comments@sec.gov
cc: pubcom@nasd.com
cc: Cromwell@pinksheets.com

Subject: SEC File No. 4-500

BEGIN EMAIL
--------------------

Reference:

SEC File No. 4-500.
Request for Rulemaking Regarding Member Records of "Short" Positions
and Reporting and Public Dissemination of Aggregate Positions by Security

I am lending my voice in support of that request to bring transparency to
not only Over The Counter (OTC) markets, but to all markets.

As you know or should know, confidence in our financial markets is quickly
approaching a historic low point. Financial scandals and crime are now at
a historical high. Our American public has lost almost all faith in regulators
to effectively protect investors against fraud and crime.

Many, if not most, view the SEC, the NASD, the DTCC and other regulatory
bodies as being riddled with corruption. That notion is highlighted by actions
of New York's Spitzer to "fight back" against corruption. It is clear Spitzer
is taking actions which your regulatory bodies refuse to take, just as it is
clear Spitzer is winning cases and is documenting corruption amongst
those collectively known as "Wall Street."

I urge you to amend NASD rule 3360 as requested by Coulson of Pink Sheets.

Doing so would be a small step in the right direction, would send a signal
regulatory bodies are aware of corruption, and would restore some public
confidence in our American financial markets.

I applaud Spitzer and his efforts. He is a hero amongst investors. There is
no doubt in my mind you of regulatory bodies would enjoy hearing a bit
of applause for you, and less catcalls and criticism directed at you for your
clear and documented lack of efforts to curtail corruption amongst your own.

Regards,

Bozo The Clown
 
Posted by H2NRG on :
 
Anyone try to buy or sell GVRP today?
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6708399
quote:
Posted by: Rocket Blasters
In reply to: OTC BB King who wrote msg# 63561
Date:6/17/2005 11:48:23 AM
Post #of 63565

Nobody buying my 3.5 mil GVRP at market order WTF OFFERS??


 
Posted by pcloadletter on :
 
Are those pre or post split? [Smile]
 
Posted by Trader88 on :
 
Nobody wants to touch it. Jeez, a little late to be squeemish, the damage was done the first week. Not letting this stock trade is the current fraud being perpetrated! Market manipulation, plain and simple.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6708429
quote:
Posted by: Wayne R
In reply to: chrisb who wrote msg# 1386
Date:6/17/2005 11:49:39 AM
Post #of 1390

GVRP, GVRP, GVRP can't you see

all the whos in whoville put their money in gvrp you see

they thought they nailed the trade but it was a failed trade

so all the whos in whoville were upset you see, they were upset with gvrp

and the whos wrote letters and made calls to the SEC about GVRP

and the brokers, the crack smokers, said GVRP would not, could not trade. You could not, should not buy a share, you should not, could not sell it anywhere

Then the brokers took the money, and the whos thought it not too funny

there were whos that did not sell a share, there were whos that tried to sell everywhere

Dr suess could say it better, but this is not a letter


 
Posted by glassman on :
 
hey, Wall Street!

 -
 
Posted by Trader88 on :
 
Someone do a test buy, I can't or I would.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6709621
quote:
Posted by: Rocket Blasters
In reply to: jobynimble who wrote msg# 63608
Date:6/17/2005 12:56:12 PM
Post #of 63610

This is in follow-up to the E-Mail sent to you on June 16, 2005 and your E-Mails of June 15 and June 17, 2005 regarding Gluv Corp. (GVRP).

After conducting a preliminary review of this matter, we are referring your complaint to the Securities and Exchange Commission as follows:

Mr. Aldis Lapins, Branch Chief
Office of Investor Education and Assistance
Securities and Exchange Commission
450 Fifth Street, NW, Mail Stop 11-4
Washington, DC 20549
(202) 942-4681
www.sec.gov

Thank you for bringing your concerns to our attention.

If I can be of assistance in the future, please contact me at (240) 386-5105 or through E-Mail at pat.clem@nasd.com.

Sincerely,

Patricia A. Clem
Assistant Director
Market Regulation
NASD, Inc.
9509 Key West Avenue
Rockville, MD 20850
" target="_blank">www.nasd.com[/quote]
 
Posted by Trader88 on :
 
Hot potato, just keep passing it round and round indefinitely. This is BS, I really hope some Senators or Reps get involved, they can't just keep letting this go and doing nothing. I'm still demanding a buy-in, nothing has changed, IMO from where we were 3 weeks ago.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6709982
quote:
Posted by: Rocket Blasters
In reply to: Rocket Blasters who wrote msg# 63610
Date:6/17/2005 1:15:10 PM
Post #of 63633

new number 202-551-6336

Mr. Aldis Lapins, Branch Chief
Office of Investor Education and Assistance
Securities and Exchange Commission
450 Fifth Street, NW, Mail Stop 11-4
Washington, DC 20549


 
Posted by pcloadletter on :
 
http://sec.gov/divisions/marketreg/mr-noaction/nasd061605.pdf


From Ihub read it!
 
Posted by pcloadletter on :
 
FYI:

Thomas K. McGowan, Assistant Director, Division of Market Regulation, Securities
and Exchange Commission, Washington, DC
 
Posted by BuyTex on :
 
from http://sec.gov/divisions/marketreg/mr-noaction/nasd061605.pdf

quote:
The Firms are concerned about the potential impact of net capital charges under Rule 15~3-1 related to transactions in the Security. Specifically, the Firms may be subject to failed to deliver, failed to receive, and short position net capital charges. Based on the foregoing, the Division of Market Regulation will not recommend enforcement action to the Commission if a Firm does not take charges to its net capital arising from transactions in the Security that the Firm entered into before the Trading Halt. Each Firm, however, must take all applicable net capital charges for transactions in the Security entered into after the Trading Halt terminated. Any Firm that wishes to take advantage of this relief first must alert the staff of the NASD and explain the facts and circumstances surrounding its need for the relief that this letter provides.
so this means brokers off the hook for trades before the halt?
 
Posted by pcloadletter on :
 
Also means that people who sold before the halt are off the hook.

I like this line:

____________
2 We understand that Gluv has changed its name to Media Magic, Inc., but we have not received formal confirmation of this change.
_____________

You mean that GLVU, GVRP, ???? didn't inform the SEC that they had changed their name. Imagine that!
 
Posted by pcloadletter on :
 
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_014362.pdf


June 2005
05-41 Important Information Regarding the Suspension of Trading in the Securities of Gluv Corp. (Notice Posted on: 6/10/05)

Hadn't seen this either
 
Posted by pcloadletter on :
 
http://www.nasd.com/web/groups/rules_regs/documents/upc_notice/nasdw_014363.pdf

Please tell me if these are repeats....

This stuff is amazing
 
Posted by khartmann on :
 
is any of this good for us?
 
Posted by pcloadletter on :
 
I think it will protect those who sold
 
Posted by pcloadletter on :
 
I am biased, but it sounds like they are not too happy about GLUV/GRVP
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
http://www.nasd.com/web/groups/rules_regs/documents/upc_notice/nasdw_014363.pdf

Please tell me if these are repeats....

This stuff is amazing

yup, I think you're seeing different versions of the "Special Notice to Members" we went through, well, starting with the one that effectively stopped broker trading. I still don't know who was trading Monday and Tuesday...
 
Posted by khartmann on :
 
All I know is I picked up 50,000 on Tuesday...... To whom sold them to me... that is what we need to find out.

According to scottrade there are still only 11 shares of this company, and until the SEC gives their "ruling" Scottrade will not issue my f/s shares....
 
Posted by Trader88 on :
 
I haven't really had time to digest the new info from today. After a first read through, looks like brokers seeking relief for them and their clients? People who sold post split shares may be OK? I need to look over it in more detail, my brain is fried right now, I can't understand anything, I'm stupid right now.
 
Posted by Trader88 on :
 
Never mind, I re read it, I don't think it really means much, just maybe means things will finally start to get sorted out soon. Nothing definitive in there for investors, only brokers trying not to get stung until this gets figured out.
 
Posted by Trader88 on :
 
"The SEC issued this suspension because of questions surrounding the accuracy and
adequacy of publicly disseminated information concerning, among other things, the total
shares outstanding, the availability of non-restricted shares for trading and delivery, THE COMPANY'S SHAREHOLDERS, and rights with respect to shares of Gluv Corporation."

Well, we know who the company's shareholders are....US!!!
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
hey, Wall Street!

 -

Is that Robert Pearce?
 
Posted by BuyTex on :
 
We like to call him Bobby Will

(as in,

Bobby Will plan a scam

Bobby Will fvck it up

Bobby Will whine for help

Bobby Will lose this company

Bobby Will be back)


& we will be waiting...


he even scammed the "Robert W."

Darth Bobby
 
Posted by Purl Gurl on :
 
Lot of positive events from all of this.

For me, I am enjoying plowing under Wall Street.
Been ranting for years, and now sweet revenge.

Positive is hundreds of people have been hounding
all the regulatory bodies, attorneys, executives,
even politicians. Doing so places those people on
notice there a lot of traders out here watching
and waiting for a chance to pounce on them.

They will not forget these events. GLUV, Pearce,
his transfer agent, will never forget. All of
those people we have trashed will maintain a
small memory of this and, perhaps, will be more
cautious in the future.

Most noteworthy event is highlighting a serious
problem of naked shorting, and all of us were
naked shorters during this. Next time the SEC
claims naked shorting is not a problem, there
will be many who know better.

Lots of learning about technical aspects of the
stock markets has been had as well.

Those directly involved in this circus, those
following along, all are now more of a threat
to those Wall Street crooks; we have the power
of knowledge.

Watch your step, Wall Street. We are watching.
 
Posted by Purl Gurl on :
 
Incidently, Pearce and crowd are toast.

Any future ventures by them will be tainted
by this history of GLUV corporation.

"Oh, you are investing in a Pearce project? Have
I told you about the GLUV scandal? Well, sit back
and listen to a very entertaining story."
 
Posted by BuyTex on :
 
about a man, named Jed,

"which you aint, parking-lot, box-top toy,"


hey, be gentle--remember i'm new--is it fair to postulate a general rise in "trader IQ" since online trading has taken hold?
 
Posted by H2NRG on :
 
From page 2 of http://sec.gov/divisions/marketreg/mr-noaction/nasd061605.pdf :
quote:
The Firms are concerned about the potential impact of net capital charges under
Rule 15~3-1 related to transactions in the Security. Specifically, the Firms may be
subject to failed to deliver, failed to receive, and short position net capital charges.
Based on the foregoing, the Division of Market Regulation will not recommend
enforcement action to the Commission if a Firm does not take charges to its net capital
arising from transactions in the Security that the Firm entered into before the Trading
Halt. Each Firm, however, must take all applicable net capital charges for transactions in
the Security entered into after the Trading Halt terminated. Any Firm that wishes to take
advantage of this relief first must alert the staff of the NASD and explain the facts and
circumstances surrounding its need for the relief that this letter provides.
This position is based solely on the foregoing description. Factual variations
could warrant a different response, and any material change in the facts must be brought
to the Division's attention. This position may be withdrawn or modified if the staff
determines that such action is necessary for the protection of investors, in the public
interest, or otherwise in furtherance of the securities laws.

I like the "protection of investors" part.
 
Posted by Trader88 on :
 
quote:
Originally posted by BuyTex:
about a man, named Jed,

"which you aint, parking-lot, box-top toy,"


hey, be gentle--remember i'm new--is it fair to postulate a general rise in "trader IQ" since online trading has taken hold?

Yes, I do believe my IQ has risen substantially from all this, hehe.
 
Posted by BuyTex on :
 
[quoteThis position may be withdrawn or modified if the staff determines that such action is necessary for the protection of investors, in the public interest, or otherwise in furtherance of the securities laws.

I say we determine whether this ruling lets them off the hook to fix the failure to deliver (NASD tells me it does *not,* saying it simply relieves them of proprotions/liquidity required by Net Capital rule, but then they added "it's one of the most complex of all the regs").

If this *does* take them off the hook, we need to protest on grounds that the two highlighted provisions are being plundered, not merely ignored...
 
Posted by BuyTex on :
 
If i offend anybody, sorry, this is funny to me, another from i-hub:

quote:
Posted by: Mr. Bill
In reply to: jip53 who wrote msg# 1413 Date:6/18/2005 7:54:43 PM
Post #of 1415

The question is how do they pay us our shares?

The OS is 33 MILLION shares, that is 33 MILLION REGISTERED shares.

Those shares are predominately held by insiders.

250,000 of those shares got multiplied in error by 3 million
because an insider sold the stock early.

This resulted in 750 BILLION shares that need to be delivered to "Pay us our shares".

Will the person that shorted this buy all the remaining shares
held by insiders, deliver those, and repeat the process.

Given their ability to do so and to get 100% of the shares it
would only take 250,000 / 11 cycles or about 25,000 rotations.

Oh there I see your position, they have you scheduled for delivery of shares on March 23rd, 2056. Will that work for you?

http://www.investorshub.com/boards/read_msg.asp?message_id=6719307
 
Posted by Trader88 on :
 
Funny meaning 'not right' or just plain funny?
 
Posted by BuyTex on :
 
no, trader, just funny, laugh out loud, not smells funny:

"Oh there I see your position, they have you scheduled for delivery of shares on March 23rd, 2056. Will that work for you?

{bold, my emphasis}
 
Posted by BuyTex on :
 
the "smells funny" is the TBLUE play that certain, shall we say, disreputable, ex-members sre pumping...
 
Posted by Purl Gurl on :
 
Please read this lengthy article,

http://www.investorshub.com/boards/read_msg.asp?message_id=6719828
 
Posted by Mr Bill on :
 
GVRP, what happened, timeline, etc:
http://www.tgllive.com/gvrp.htm

SSP, the author of above, featured in Wall Street Journal:
http://interactive.wsj.com/public/current/articles/SB960500490251941914.htm
 
Posted by Mr Bill on :
 
The real question here IMO is with an OS of 33M REGISTERED shares who can/will shares associated with Due Bills be delivered ?

One can easily argue the REGISTERED OS has already been exceeded enormously, if the IOUs / Due Bills sold via AT "stick". AT let folks sell their IOUs.

To allow shares associated with Due Bills to be delivered would far exceed the REGISTERED OS.

Hence the main issue at the heart of issue here.
 
Posted by H2NRG on :
 
Latest email from Scottrade re: GVRP...
quote:
Regarding Gluv, ticker GVRP. We appreciate your concern and understand your frustration.

At this time Scottrade has not received forward split shares. To our knowledge there has been no ruling in this matter by any Regulatory
Organization. DTC has not effected the split or distributed new shares as the result of a stock split. We have not been provided any information
as to when this might be resolved.

In this case, Scottrade will not post shares until such time as we receive shares. Under these circumstances Scottrade has made the business
decision that the risk is too great to allow a short position in GVRP as the result of allowing customers to sell shares that they don't have in their
account.

At this time we would suggest that customers contact the Company itself regarding any new information they may have.



Thank you,
Kevin Jaeger
Scottrade Inc.


 
Posted by dishgal1 on :
 
Found this on IHUB.....


Cosher Dala - 202.728.6903 - Anyone wanting real information about GVRP needs to call her at her NASD Office. She will tell you everything and they know whats going on.

I talk to her for about 15 minutes on Friday and everyone should call I belive you will get what you need from her.

Frank.
 
Posted by George on :
 
quote:
Originally posted by dishgal1:
Found this on IHUB.....


Cosher Dala - 202.728.6903 - Anyone wanting real information about GVRP needs to call her at her NASD Office. She will tell you everything and they know whats going on.

I talk to her for about 15 minutes on Friday and everyone should call I belive you will get what you need from her.

Frank.

why didn't he post it or why don't they post it. If she has what we need to know. that seems more logical than having everyone call...
 
Posted by dishgal1 on :
 
That was my sentiment and others did ask what he found out, but no response.....this was on the Golden Lists on IHUB....probably some idiot posted it, I am not familiar with most of those on that board.
 
Posted by dishgal1 on :
 
Okay here was his answer..........


You guys need to call her. She wants to hear from everyone. She said no busting of the trades will happen. She said yes an insider sold. She said that their trying to look for a solution I ask if a reverse split is possible she said they entertain that Idea but it does not fix the problem.

She went on saying that could be a settlement but mostlikely this will end of arbitration.

She was very nice and talked to me for a long time. NASD said this is a mess creaed by the company and we dont have anything else to do here.
 
Posted by dishgal1 on :
 
Maybe he is a reliable guy.....I am just not familiar with the posters there. You never know who is on the level....LOL
 
Posted by Purl Gurl on :
 
Trust me. I am only a half bubble off plumb.
 
Posted by BuyTex on :
 
I don't know whether this has been posted, but possible, broad-stroke solutions alluded to at end of this Dow Jones piece:

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20050617\ACQDJON200506171848DOWJONESDJONLINE001119.htm&

quote:
SEC Offers Relief For Brokers That Traded Gluv Shares

By Judith Burns, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Brokerage firms that bought and sold Gluv Corp. ( GVRP) stock before trading was suspended last month will get some relief from net-capital rules, preventing a further merry-go-round of trading when the number of available shares is in doubt.

A letter to NASD Regulation Inc. from the Securities and Exchange Commission's market-regulation division, released Friday, said the SEC staff will not recommend SEC enforcement action against brokerage firms that don't take capital charges based on trading in Gluv shares before the SEC ordered a trading halt.

Trading was halted on May 27 amid questions about the number of shares outstanding. On May 22, Gluv, a West Palm Beach, Fla., shell company traded on the Pink Sheets, announced a dividend payment that would provide three million shares for each share outstanding. SEC staffers said it appeared Gluv had only 11 shares outstanding at the time, but the issuance of three million shares before the dividend payment raised the prospect of trillions of shares flooding the market.

Billions of shares of Gluv had traded when the SEC announced a 10-day trading halt. Only a small amount of shares have changed hands since the trading suspension ended on June 10. The NASD, formerly the National Association of Securities Dealers, recently issued a special notice warning members to exercise "great caution" until they know if the Gluv shares are bona fide. However, some brokers worried they might face millions of dollars in capital charges on short positions in Gluv or on shares they failed to deliver or receive.

NASD regulators sought and received SEC staff assurances that net-capital requirements won't apply to trading in Gluv before May 27.

Brokers "must take all applicable net capital charges" for Gluv trading after June 10, the SEC staff letter states.

An NASD official, who spoke on condition of not being identified, said the SEC staff action means the prospect of capital charges will not rekindle a rush of trading in a stock at a time when it isn't clear how many shares are actually available.

"It resolves the concerns we had," the NASD official said. "Nobody needs to try to trade in a market that is uncertain."

A substantial number of trades in Gluv have yet to settle, but the NASD official predicted individual brokerage firms will try to resolve their obligations through informal arrangements, arbitration or litigation.

The letter from the SEC market-regulation division staff is posted on the SEC's Web site at http://www.sec.gov.

-By Judith Burns, Dow Jones Newswires; 202-862-6692; Judith.Burns@dowjones.com


Dow Jones Newswires
06-17-051848ET
Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.

When I first saw the name, "Cosher Dala," I figured somebody was goofing and you'd get the deli, especially since the poster did not respond for awhile... Regardless, the article quotes an un-named NASD person mentioning solutions, too; both the post and the article mention arbitration, but I hope, if that's the case, that does *not* involve traders: too costly.
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
Purl Gurl - I want to be a Hilton Hussie!

You are my Hilton Hussie.....Now get out there and wash my car..
 
Posted by H2NRG on :
 
An exercise in futility, but...
I just wrote a response to that Scottrade email asking how Scottrade will react to the NASD statement in today's DJ News article:
"A substantial number of trades in Gluv have yet to
settle, but the NASD official predicted individual brokerage firms will try to resolve their obligations through informal arrangements,
arbitration or litigation."
 
Posted by Purl Gurl on :
 
"You are my Hilton Hussie. Now get out there and
wash my car."

You call that thing a car? Besides, I don't eat
hamburgers.
 
Posted by George on :
 
Actually I have 2...Now get to work and I will eat the burger.
 -
 
Posted by H2NRG on :
 
Gotta love that pic, George. What was the story there? Wow!
 
Posted by BuyTex on :
 
pretty good: "the dangers of the cell phone..."
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6731453
quote:
Posted by: IRISHBULL
In reply to: None
Date:6/20/2005 3:08:09 PM
Post #of 64279

GVRP:

From: James R. Henry
Sent: June 19, 2005
To: rule-comments@sec.gov
Subject: File No. 4-500


I saw the link on Pink Sheets and just had to comment about the investor rip-off/scam that GVRP and the SEC are pulling on traders and investors. They are currently in the process of collaborating, ripping off investors and breaking SEC rules by allowing GVRP to do a planned forward split which sucked in many investors then eliminating the shares. GLUV Corporation then called the split unfair and will pocket all the money while the investors lose their shares. I can’t believe this is happening. This will set precedence for future companies to be able to do the same thing. Build up hype on a forward split – the split goes through – the company releases shares – the company makes profits – then the company refuses to accept the validity of those split shares. Nice scam and the SEC is in on it. Investors lose big!!! I think I may want to start up my own company (shell) and do the same thing. I just hope the SEC backs me on this scam. Many wonder if the SEC is getting a little money under the table for screwing investors and siding with company. I use to think, at one time, that the role of the SEC was to protect investors but that is very far from the truth. In the end the SEC is just another part of government that does not care about the investor. I know now why many oppose the Social Security reform to private accounts. The system cannot be trusted to be fair towards the investor and the investor will always lose in these situations. The system sure is corrupt. I have contacted many on this issue as well as attorney generals and state representatives many of which are watching this situation closely.

http://sec.gov/rules/petitions/4-500/jrhenry061905.htm

An Individual Investor,
James R. Henry



 
Posted by cruz on :
 
i will settle for 0.001 a share and i am not misplacing my decimal either.

quote:
Originally posted by dishgal1:
Okay here was his answer..........


You guys need to call her. She wants to hear from everyone. She said no busting of the trades will happen. She said yes an insider sold. She said that their trying to look for a solution I ask if a reverse split is possible she said they entertain that Idea but it does not fix the problem.

She went on saying that could be a settlement but mostlikely this will end of arbitration.

She was very nice and talked to me for a long time. NASD said this is a mess creaed by the company and we dont have anything else to do here.


 
Posted by pcloadletter on :
 
SEC if you are reading.

A date for a resolution needs to be set!

I have just finished writing letters/emails to both of my brokers and their clearing agents that, according to my interpretation of the SEC and NASD releases, arbitration needs to begin to cover the illegal and unethical undelevered securities (or settlement) to my account.

I am mad as hell, and I'm not going to take it anymore!

This is my account, my savings, my retirement that this is effecting. We are talking about a situtation that would land my butt in court if the sides were reversed.

The irons are hot! Strike now and strike often. I have forwarded all of my correspondance to my Senators, Representatives, State Governor, and the State Attorney General (this is the equivalent of wire fraud). I want deadlines, answers, and retribution (and a good nights sleep).

How can our accounts and monies be frozen because we played by the rules? When is the SEC going to follow their mission statement?

"The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets."
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
SEC if you are reading.

A date for a resolution needs to be set!

I have just finished writing letters/emails to both of my brokers and their clearing agents that, according to my interpretation of the SEC and NASD releases, arbitration needs to begin to cover the illegal and unethical undelevered securities (or settlement) to my account.

I am mad as hell, and I'm not going to take it anymore!

This is my account, my savings, my retirement that this is effecting. We are talking about a situtation that would land my butt in court if the sides were reversed.

The irons are hot! Strike now and strike often. I have forwarded all of my correspondance to my Senators, Representatives, State Governor, and the State Attorney General (this is the equivalent of wire fraud). I want deadlines, answers, and retribution (and a good nights sleep).

How can our accounts and monies be frozen because we played by the rules? When is the SEC going to follow their mission statement?

"The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets."

he's right, folks. it really aint really about the dough anymore, except to send a message. If we have to abide, then so do the rest of the players. Without that...???

Hey, I can write press releases. PINKIE TIME!!! You buy the shell, here we come, SEC!!!!! You aint seen marketing, yet. Let this one run, and watch what happens...


Precedent City, baby, right square amidst STOCKGATE...push, breathe, push....
 
Posted by pcloadletter on :
 
Every Big city TV news has an "investigative reporter" that "helps" people.

Find yours and email them.

If we begin a campaign to express our concern, someone will listen. It only takes one. Once someone runs this, others will jump in.
 
Posted by pcloadletter on :
 
I have emailed O'Reilly, TradersNation, CBS Marketwatch so far
 
Posted by JHenry on :
 
Hey H2NRG, My letter - didn't know it would be listed for public viewing. Thought it might raise the issue.
 
Posted by BuyTex on :
 
repeat: you don't have to get the NY Times to break only *one* story. Instead, think of weeklies breaking it...the AP and Reuters will pick it up...
 
Posted by JHenry on :
 
Do they list every letter that is sent to them or just mine?

quote:
Originally posted by H2NRG:
http://www.investorshub.com/boards/read_msg.asp?message_id=6731453
quote:
Posted by: IRISHBULL
In reply to: None
Date:6/20/2005 3:08:09 PM
Post #of 64279

GVRP:

From: James R. Henry
Sent: June 19, 2005
To: rule-comments@sec.gov
Subject: File No. 4-500


I saw the link on Pink Sheets and just had to comment about the investor rip-off/scam that GVRP and the SEC are pulling on traders and investors. They are currently in the process of collaborating, ripping off investors and breaking SEC rules by allowing GVRP to do a planned forward split which sucked in many investors then eliminating the shares. GLUV Corporation then called the split unfair and will pocket all the money while the investors lose their shares. I can’t believe this is happening. This will set precedence for future companies to be able to do the same thing. Build up hype on a forward split – the split goes through – the company releases shares – the company makes profits – then the company refuses to accept the validity of those split shares. Nice scam and the SEC is in on it. Investors lose big!!! I think I may want to start up my own company (shell) and do the same thing. I just hope the SEC backs me on this scam. Many wonder if the SEC is getting a little money under the table for screwing investors and siding with company. I use to think, at one time, that the role of the SEC was to protect investors but that is very far from the truth. In the end the SEC is just another part of government that does not care about the investor. I know now why many oppose the Social Security reform to private accounts. The system cannot be trusted to be fair towards the investor and the investor will always lose in these situations. The system sure is corrupt. I have contacted many on this issue as well as attorney generals and state representatives many of which are watching this situation closely.

http://sec.gov/rules/petitions/4-500/jrhenry061905.htm

An Individual Investor,
James R. Henry




 
Posted by pcloadletter on :
 
Good question.

I sent a letter to the national AP and all three regional branches in my state.
 
Posted by BuyTex on :
 
let me see if I understand the question: when is the best time to submit story ideas to large-market print media?
 
Posted by pcloadletter on :
 
Do they list every letter that is sent to them or just mine?

JHenry question about the SEC.
 
Posted by JHenry on :
 
I may have been a little hard on the SEC not knowing their final solution to this problem. I was preparing for the worst.
 
Posted by pcloadletter on :
 
No one knows the final solution. That is my main issue at this point.
 
Posted by BuyTex on :
 
too many questions, fellas: who is "they", for example? I can't help much with the SEC; I can help a lot with big papers' deadlines, attitudes, general pr rhetoric...
 
Posted by JHenry on :
 
I backtracked the link - wow I am like right there with the other SEC filings. How come they would list my letter like that right there on their website?

http://www.sec.gov/cgi-bin/txt-srch-sec?text=gvrp

Should I be worried? Do you think they will be looking for me? Just kidding - that's pretty cool.
 
Posted by BuyTex on :
 
dude!

you're a patriot...where do *I* submit to get in that list.?!?Q?!?!?!()*(*^!

Hel the phuck OOOO!

we need to JAM that url! not with BS, mind you, but a great record, which can viewed 6 weeks, 6 months, 6 years, 6 decades from now...Huge Accomplishment...think about peeps later doing searches on official threads...

HIGH FIVE, BRO!
 
Posted by pcloadletter on :
 
Our only chance for a final solution is the SEC. GLUV/GVRP is not going to deal unless several things happen. Those "things" as I see them are simple.

1) SEC releases a document saying:
a) GVRP/insiders will buyback the shares
b) A resolution must be reached by a
certain date or we will step in with fines
c) Fine them and force resolution

2) Once this is done, GVRP will be forced to
arbitrate or release the shares and buyback
within the setforth timeframe.

What has happened thus far is the NASD has said that it will let the SEC handle the situation. The SEC has said that it wont go after the brokers if they don't buy or sell anymore.

VIOLA! Welcome to LIMBO LAND! The investors are left holding the empty bag. There is no incentive for the DTCC, our clearing agents, or our brokers to rectify the situation. Whats worse is that the brokers and GVRP all have our money tied up.

Until a deadline is given and consequences laid out, where is the incentive to rectify the situation?

Ok, so how do we get the SEC to make a resolution. We use the only tool we have....our voices. We need to stop complaining to each other and start bringing the situation to the light of the investing world. That means contact the SEC, the DTCC, your broker, your clearing agent, your local news, your government representatives.

This is no longer just about our investment. This is a new scam that can be repeated if this predicament is allowed to sit idle for anytime at all.

What can we do? Pick up your keyboard, your ink pen, your telephone and get the word out that the investing community is concerned by the lack of action. Why is this not resolved yet? Where are our answers? This doesn't need to be a legal issue fought by a class action lawsuit. There are agencies in place to protect the common investor....

Thats right! The SEC.

Remeber their purpose:

"The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets."

It is time that the SEC fullfilled their primary mission. If you have a contact in authority, call in a favor. Get mad and act!
 
Posted by BuyTex on :
 
quote:
Originally posted by JHenry:
I backtracked the link - wow I am like right there with the other SEC filings. How come they would list my letter like that right there on their website?

http://www.sec.gov/cgi-bin/txt-srch-sec?text=gvrp

Should I be worried? Do you think they will be looking for me? Just kidding - that's pretty cool.

don't worry, worse to worst? you slip on down here with your brood, whomever, and we disappear into Mexico with Blackberries...
 
Posted by pcloadletter on :
 
JHenry...could you post that email address you used to email them? We all need to email them.
A sort of online petition of emails to express our concern at their lack of action.
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Our only chance for a final solution is the SEC. GLUV/GVRP is not going to deal unless several things happen. Those "things" as I see them are simple.

1) SEC releases a document saying:
a) GVRP/insiders will buyback the shares
b) A resolution must be reached by a
certain date or we will step in with fines
c) Fine them and force resolution

2) Once this is done, GVRP will be forced to
arbitrate or release the shares and buyback
within the setforth timeframe.

What has happened thus far is the NASD has said that it will let the SEC handle the situation. The SEC has said that it wont go after the brokers if they don't buy or sell anymore.

VIOLA! Welcome to LIMBO LAND! The investors are left holding the empty bag. There is no incentive for the DTCC, our clearing agents, or our brokers to rectify the situation. Whats worse is that the brokers and GVRP all have our money tied up.

Until a deadline is given and consequences laid out, where is the incentive to rectify the situation?

Ok, so how do we get the SEC to make a resolution. We use the only tool we have....our voices. We need to stop complaining to each other and start bringing the situation to the light of the investing world. That means contact the SEC, the DTCC, your broker, your clearing agent, your local news, your government representatives.

This is no longer just about our investment. This is a new scam that can be repeated if this predicament is allowed to sit idle for anytime at all.

What can we do? Pick up your keyboard, your ink pen, your telephone and get the word out that the investing community is concerned by the lack of action. Why is this not resolved yet? Where are our answers? This doesn't need to be a legal issue fought by a class action lawsuit. There are agencies in place to protect the common investor....

Thats right! The SEC.

Remeber their purpose:

"The primary mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors and maintain the integrity of the securities markets."

It is time that the SEC fullfilled their primary mission. If you have a contact in authority, call in a favor. Get mad and act!

readin n thinkin

immediate reaction? PC, you got good rationale. J Henry's inclusion in "the record"? that opens way new doors. . . tells me somewhere, somehow either some body is asleep at the switch, or "they" want us to win...
 
Posted by Purl Gurl on :
 
Go here,

http://www.sec.gov/rules/petitions/4-500.shtml

You will find me in there, near the top!

Rather disappointing so few have commented. This
is usually the case; people simply don't care.

However, when something effects them personally,
like GVRP, they are up in arms. They complain
about this, complain about that, boast of hiring
lawyers and all, write letters, make phone calls
and post to messages boards daily.

When it comes to real issues which effect all,
like comments for rule 3360 or the Cox nomination
to chair the SEC, they could not care less.

I've taken a lot of actions pertaining to GVRP,
and I have taken more actions on real issues.
I am not one to sit on my duff and do nothing.

Glad to find you in there commenting on 3360.
It is good discover at least one other who
does care, who is not lazy, who is not so
self-centered and selfish to not take action.

Millions of traders. Look how short is that list.
 
Posted by Purl Gurl on :
 
rule-comments@sec.gov

Subject: SEC File No. 4-500

REFERENCE:

SEC File No. 4-500.
Request for Rulemaking Regarding Member Records of "Short"
Positions and Reporting and Public Dissemination of Aggregate
Positions by Security

--

You will recall I posted a sample email here,
as did another.
 
Posted by pcloadletter on :
 
Do you think my above rant is too raw to send them?
 
Posted by Purl Gurl on :
 
Incidently, SEC File No. 4-500 has nothing to
do with GVRP stock. It is related in general
theme but applies to all OTC stocks.

Brothers me so few are proactive about protecting
ourselves from financial crime.
 
Posted by Purl Gurl on :
 
Oh brother where art thou bother?
 
Posted by pcloadletter on :
 
Sorry Purl,

Active on other political fronts, just tired of being caught in pink sheet scams. The market regulators need to earn their name. We investors need to stand up. This effects small businesses as well as small investors. No wonder most small businesses end up in bankruptcy.

PC
 
Posted by Purl Gurl on :
 
Don't apologize to me! It's your money, not mine!
 
Posted by BuyTex on :
 
purl?

where'd she come from? thought this was boys' night out....??? did you get my roundabout re Roxy/immigration?
 
Posted by Purl Gurl on :
 
Go here,

http://www.sec.gov/rules/petitions/4-500.shtml

Open some of those letters. Observe how others
write and decide what method strikes you as
being effective!
 
Posted by Purl Gurl on :
 
I'm at an internet cafe with girlfriends.

We are enjoying video replays of muscle brain
Arnold Schwarzenegger's naked butt.

Good for a laugh, ya know.
 
Posted by BuyTex on :
 
good list--asking
 
Posted by Purl Gurl on :
 
We are debating if Arnold is short in the
main muscle category. I think so.
 
Posted by JHenry on :
 
I just found the links on pinksheets.com
 
Posted by BuyTex on :
 
*byte me* had a roll going--did you check out "Open Letter" to immigration from Roxy?
 
Posted by Purl Gurl on :
 
PDGE is in there! Short, concise, very professional
well written letter, stamped and all!
 
Posted by BuyTex on :
 
quote:
Originally posted by JHenry:
I just found the links on pinksheets.com

please post it, important...
 
Posted by JHenry on :
 
I also sent it to pinksheets and "thanked them" (at pinksheets) for putting the link on their website.
 
Posted by Purl Gurl on :
 
An Open Letter To Illegal Aliens

It wasn't that those old Indians
had such bad immigration laws,
It's just that you
European wetbacks came
in such vast numbers,
the Sioux and Comanche border patrol
couldn't keep up.

No, I missed his open letter, darn!
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
PDGE is in there! Short, concise, very professional
well written letter, stamped and all!

nonsensical--explain, please..
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
An Open Letter To Illegal Aliens

It wasn't that those old Indians
had such bad immigration laws,
It's just that you
European wetbacks came
in such vast numbers,
the Sioux and Comanche border patrol
couldn't keep up.

No, I missed his open letter, darn!

good image, too...
 
Posted by Purl Gurl on :
 
What? You don't speak Bimboese?

http://www.sec.gov/rules/petitions/4-500/4500-100.pdf

You need an acrobat reader for pdf. Most likely
you have one on your system.
 
Posted by BuyTex on :
 
got that chit, need a ref point...mac & win, here...

Bimboese, lol
 
Posted by Purl Gurl on :
 
I've often entertain a fantasy of time travel.

My wish would be to travel back in time before
Anglos came to America, tell all tribes about
what is to come, help them organize, help to
defeat Anglos as they came ashore on the
east coast, and help defeat Spanish explorers
coming up from Mexico.

Imagine, all of today's America, still natural,
pristine, and in the hands of true Americans.

Never would work, Europe would declare war on us.

Makes for great fiction story writing, though!
 
Posted by BuyTex on :
 
plus, you'd lose me & my kind...which tips the balance...


Re: pdge, it's all STOCKGATE, now

if we can keep applying pressure, DTCC is omg-phhuuuukkkkkeddd, imho


**roxy whisper in my ear from beyond**

"push!, as in birthing!"
 
Posted by Purl Gurl on :
 
Cherokee Banking Company! They are on the list.

I recognize many of those companies as being
those subjected to naked shorting. Many of
them are stock picks here at Allstocks.
 
Posted by BuyTex on :
 
push
 
Posted by pcloadletter on :
 
just sent in my letter
 
Posted by Purl Gurl on :
 
"...you'd lose me & my kind...."

Oh no! No! No! We Indians welcome those arriving
here aboard spaceships, such as yourself.
 
Posted by BuyTex on :
 
lol,
pc, too--we're going...

*but yeah, you're right--strange planet you guys got here,,,:-->on my home-soul planet, we're not nearly so cruel, lol*

anyway, SEC must ABIDE aka when in Rome!
 
Posted by Purl Gurl on :
 
Reminds me of the television series Kung Fu starring
David Carradine as Kwai Chang Caine.

In an episode, Caine catches arrows shot at him
by Indians. The Indians are so impressed they
decide to allow him to live, after cutting his
hands off.
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
just sent in my letter

hang with us--care to share? minus the ID-stuff, of course: but content? where are you now in all this?
 
Posted by Purl Gurl on :
 
Well, you know if your kind had not showed up
from space, we would not enjoy those horned lizards
you brought as a peace offering.
 
Posted by pcloadletter on :
 
Dear Sir/Madam,

As a small investor, I am extremly concerned with the current practice
of "shorting" stocks for the purpose of making a profit by manipulating
the price of a company. Not only does this effect the investor, it effect
the companies being shorted. How can a company or investment survive when
their stock can be shorted to the point that it is worthless? A savings
account or business employing citizens is bankrupt so a handfull of people
can profit. That is an outrage! Why do stocks appear on the SHO list for
weeks without action?

"The primary mission of the U.S. Securities and Exchange Commission (SEC)
is to protect investors and maintain the integrity of the securities
markets." This is on the SEC main page. Where is the integrity and
protection?

A prime example is the current situation with GVRP. Here is a company
that completes a reverse split to remove all the shareholders. Then GVRP
follows that with a forward split to allow them to sell shares they have
stolen from original investors. In GRVP's greedy haste, they sell before
the forward split is effective. Now there are many investors holding
pre-split shares that are owed (and overdue) post split shares. To date
the SEC has done nothing to protect the investor. Until the SEC forces a
distribution of the shorted shares and a buyback by GVRP (or simple a
settlement), the DTCC will not force the payment of overdue shares. Many
investor accounts have been frozen until a resolution is at hand. We are
screaming for our "protection" that is the SEC's mission. Please act on
this issue and enforce the rules in effect to protect other companies and
investors from being "shorted" out of the market.

Lets make all of the securities secure and allow free trade to adjust the
market prices.

Thank you for considering my request.

Sincerely,

Concerned Investor
 
Posted by pcloadletter on :
 
I actually have this in two accounts.

1 frozen, 1 sold some post split and still using the money.

I just hate the thought of people having a frozen account and no one acting.
 
Posted by BuyTex on :
 
didju see the "ol Rip" post? horned frog buried in cornerstone of courthouse, came out alive--only coyote power could fuel that chit...
 
Posted by Purl Gurl on :
 
That is a very good letter, PC!
 
Posted by pcloadletter on :
 
PC (bows to crowd of two):

Thank you, and only a few typos. Type too fast and think too slow.
 
Posted by pcloadletter on :
 
My senator is interested in the story (Lugar), but the SEC is not exactly forthcoming with him either.

He is sending me hardcopies of their response to him.
 
Posted by Purl Gurl on :
 
I missed the cornerstone frog.

However, I did not miss out on summer storm
in Oklahoma which rained tiny frogs upon us.
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
I actually have this in two accounts.

1 frozen, 1 sold some post split and still using the money.

I just hate the thought of people having a frozen account and no one acting.

read the letter preceding, and think it heartfelt and genuuine. Doesn't matter at this point if a t is not crossed or i not dotted, they NEED to KNOW the outrage! phuck not playinig by the rules! iF THEY want an orderly market, by sam, make it so...if not, fine! watch WHAT we do to it..
 
Posted by Purl Gurl on :
 
Glassman, a message from the past for you. I mean,
when you read this, I am in the past, you are
in the future, and I have not aged like you.

Read this,

http://www.sec.gov/rules/petitions/4-500/titan050205.htm

Our old market maker friend NITE is mentioned.
 
Posted by Purl Gurl on :
 
Yeah! I am gonna stuff paper towels in the toes
of their polished brown shoes, and sew their
pant pockets closed! That will teach them!
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
I missed the cornerstone frog.

However, I did not miss out on summer storm
in Oklahoma which rained tiny frogs upon us.

watch back or around or send a secondary e-mail, have enjoined an ambassador toward that effect, also...

ya ta hey...
 
Posted by BuyTex on :
 
Agree with purl, good job!

If we could get more of this sort of articulation, we might actually get some momentum: obviuosly, it requires our combined "weight"...

well done, bro
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Dear Sir/Madam,

As a small investor, I am extremly concerned with the current practice
of "shorting" stocks for the purpose of making a profit by manipulating
the price of a company. Not only does this effect the investor, it effect
the companies being shorted. How can a company or investment survive when
their stock can be shorted to the point that it is worthless? A savings
account or business employing citizens is bankrupt so a handfull of people
can profit. That is an outrage! Why do stocks appear on the SHO list for
weeks without action?

"The primary mission of the U.S. Securities and Exchange Commission (SEC)
is to protect investors and maintain the integrity of the securities
markets." This is on the SEC main page. Where is the integrity and
protection?

A prime example is the current situation with GVRP. Here is a company
that completes a reverse split to remove all the shareholders. Then GVRP
follows that with a forward split to allow them to sell shares they have
stolen from original investors. In GRVP's greedy haste, they sell before
the forward split is effective. Now there are many investors holding
pre-split shares that are owed (and overdue) post split shares. To date
the SEC has done nothing to protect the investor. Until the SEC forces a
distribution of the shorted shares and a buyback by GVRP (or simple a
settlement), the DTCC will not force the payment of overdue shares. Many
investor accounts have been frozen until a resolution is at hand. We are
screaming for our "protection" that is the SEC's mission. Please act on
this issue and enforce the rules in effect to protect other companies and
investors from being "shorted" out of the market.

Lets make all of the securities secure and allow free trade to adjust the
market prices.

Thank you for considering my request.

Sincerely,

Concerned Investor

*bump*
 
Posted by Purl Gurl on :
 
"...it requires our combined "weight"...."

Shoot, if I toss in the weight of my rearend, that
alone is enough to knock over the SEC building.
 
Posted by Purl Gurl on :
 
You really should not say "bump" around my rearend.
 
Posted by pcloadletter on :
 
I'm definately not shorted in the weight department.

I am at my ideal weight (if I were 7'2")
 
Posted by H2NRG on :
 
quote:
Originally posted by JHenry:
Hey H2NRG, My letter - didn't know it would be listed for public viewing. Thought it might raise the issue.

Congrats, John, you're famous!
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6737375
quote:
Posted by: Art2Gecko
In reply to: pontius who wrote msg# 64486
Date:6/21/2005 8:38:55 AM
Post #of 64487

Everybody... re: that post on the sec site..

Here is the address and subject line to send your comments in to have posted...

rule-comments@sec.gov

Subject: SEC File No. 4-500

REFERENCE:

SEC File No. 4-500.
Request for Rulemaking Regarding Member Records of "Short"
Positions and Reporting and Public Dissemination of Aggregate
Positions by Security

I just sent one in with the ibox of this thread http://www.investorshub.com/boards/board.asp?board_id=3925 as the content of the email. The more submissions sent in and posted, the harder this will be to get pushed under the rug...


 
Posted by glassman on :
 
quote:
Originally posted by Purl Gurl:
Glassman, a message from the past for you. I mean,
when you read this, I am in the past, you are
in the future, and I have not aged like you.

Read this,

http://www.sec.gov/rules/petitions/4-500/titan050205.htm

Our old market maker friend NITE is mentioned.

NITE: trading symbol....
i suggest anyone really interested in how the NS situation works? start reading all of their SEC filings....

a few snippets [Big Grin] ,

About Knight

Knight is a leading provider of comprehensive trade execution and asset management services. Our Equity Markets business offers institutions and broker-dealers high quality trade execution and capital commitment across the depth and breadth of the equity market. Our Asset Management business, Deephaven Capital Management, is a market-neutral investment manager focused on delivering risk-adjusted returns with low volatility for institutions and high net worth individuals. Knight strives to be a valued partner by providing superior service and continually enhancing its offering to meet client needs. More information about Knight can be obtained at http://www.knight.com.

About Direct Trading Institutional

Direct Trading was founded in 1997 to provide institutional investors better trade executions and lower trading costs. We now provide execution services to roughly 300 institutions that are trading in excess of 2 billion shares per year. We offer a full-service trading desk as well as "Soft Dollar" programs to improve returns and lower operating costs.

###
Filing Date: 5/10/2005 Form Type: 10-Q
LIABILITIES & STOCKHOLDERS’ EQUITY


Liabilities


Securities sold, not yet purchased, at market value:

March 31, 2005... $226,027,863
Dec 31........... $221,420,569

 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6739880
quote:
Posted by: Rocket Blasters
In reply to: None
Date:6/21/2005 11:15:03 AM
Post #of 64517

Cosher Dala - 202.728.6903 Spoke with her this morning

No trades with get re-wound as they have no power to do that.

They are trying to get a resolution to this matter as fast as possible she said as houses can't keep the net capitol thing on there books forever.It has to be resolved.

She said issuing trillions of shares does not solve the problem either as the system cannot handle trillions of shares.

Sounded like your Broker will have to do some kind of deal for you.

Very Nice lady in explaining things out.

Everyone should call for peace of mind



 
Posted by glassman on :
 
Securities sold, not yet purchased, at market value:
hmmmm.....


"Soft Dollar" programs to improve returns and lower operating costs.

hmmmm....

how do you say "hedge fund"?

Our Asset Management business, Deephaven Capital Management, is a market-neutral investment management


"the MM's are my friends"
"the MM's are my friends"
"the MM's are my friends"
"the MM's are my friends"

say this 50 times into the mirror every morning before 0930ET and all your dreams will come true.....
 
Posted by H2NRG on :
 
New reply from Scottrade...

quote:
Thank you for your email. Your recent message or
response has been forwarded to the Scottrade Compliance
Department for review. We appreciate your patience as
your question or complaint is being researched. You
will receive a response directly from the Compliance
Department within 10 business days.

If you have any other questions or comments, please let
us know.

Sincerely,
Mike Gibbons
Scottrade, Inc.
www.scottrade.com
www.scottrader.com


 
Posted by glassman on :
 
2005-06-21 16:27:01
Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to Remedy the Liquidity Problem in the Public Market for its Common Stock

--------------------------------------------------------------------------------


Business Editors

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 21, 2005--
Gluv Corp. (Pink Sheets:GVRP) announced today that its
shareholders had adopted a corporate restructuring plan that would
inject more than 414 billion shares of common stock into the market on
a short term basis, thereby permitting the settlement of the trading
in billions of its shares that took place while only 33 million shares
of its common stock were actually outstanding.
On May 3, 2005, the company declared a dividend of 2,999,999
shares of its common stock payable on May 20, 2005 with respect to
each of the 11 shares of its common stock that were outstanding on May
13, 2005. Although the completion of that dividend resulted in a total
of 33 million shares outstanding, the sale of approximately 138,000
shares in the market on or shortly after the May 13 record date of the
stock dividend, resulted in significant confusion among various
brokerage firms and their customers as to whether a 3,000,000 share
stock dividend was attached to each of those 138,000 shares as a "due
bill" requiring the delivery of more than 418 billion shares on the
May 20 payment date of the stock dividend. The company immediately
undertook to publicly alert the market about its concerns regarding
the excessive number of shares being traded in the market by issuing a
press release on May 22, 2005. The company further notified certain
securities firms and market makers trading the company's stock of its
concerns prior to the market's opening on May 23, 2005. When those
efforts failed to prevent the massive trading that continued to take
place in the market, the company asked the NASD to help it to
straighten out the confusion that had arisen with regard to the
correct number of shares that were supposed to be outstanding, and it
alerted the SEC with regard to the situation. After a series of
communications between the company and each of the SEC and the NASD,
and also between the SEC and the NASD, the SEC issued an order halting
trading in the company's common stock on May 27, 2005. That trading
halt ended at 11:59 PM on June 10, 2005.
Since the trading halt came to an end, the company has been
working to fashion a solution that would, at the same time, inject
into the market on a short term basis the billions of shares that the
parties who bought and sold the company's shares mistakenly believed
would be available to them for settlement of their trades, and
eliminate all confusion about the number of shares that the company
actually has outstanding.
In order to accomplish those goals, the company asked for, and
received permission from, its shareholders to implement a
restructuring plan consisting of the following elements:
-0-
*T

-- the company's authorized share capital has been increased to
more than nine trillion shares;

-- the company now is authorized to issue two classes of common
stock -

-- Class A common stock which is identical to the common stock
that is presently outstanding, and

-- Class B common stock which provides for 125,000 votes per
share;

-- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;

-- all of the other shareholders of the company and the former
shareholders of DigiKidz Holdings, Inc. which merged into the
company last month (who hold a total of 30 million shares and
the right to receive approximately 44 million shares,
respectively) have accepted an offer from the company to
exchange their shares of common stock and their rights to
receive shares of common stock for an equal number of shares
of Class B common stock

-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that

-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,

-- all Class A and Class B common stock will be converted
into common stock having one vote per share and

-- the total number of shares that the company will be
authorized to issue will be reduced to 150 million shares
consisting of 100 million common shares (of which
approximately 77 million shares will be outstanding), and
50 million preferred shares issuable in one or more series
(none of which will be outstanding).
*T

Robert W. Pearce, the company's Chief Executive Officer, issued
the following comment: "We have worked very hard to craft a solution
to the market liquidity problem that will permit all participants to
settle the transactions in which they engaged. We want to thank the
members of the brokerage community and our shareholders for their
patience. We also want to thank those members of the brokerage
community who provided very constructive assistance to us while we
formulated our restructuring plan."


KEYWORD: NORTH AMERICA FLORIDA UNITED STATES
INDUSTRY KEYWORD: YOUTH ENTERTAINMENT CONSUMER
SOURCE: Gluv Corp.


CONTACT INFORMATION:
Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com



 
Posted by Purl Gurl on :
 
Dilute and reverse split.

Told ya the SEC, NASD and the rest are crooks.
 
Posted by Purl Gurl on :
 
"...received permission from, its shareholders...."

Did you vote for this?
 
Posted by glassman on :
 
quote:
Originally posted by glassman:posted May 22, 2005 19:27
yes, some of the shares in the volume are the MM's buying back, but i don't have historical trades on any of my services....

guess? 3/4 of the shares traded were sold in to the market...
that's about 375,000 shares in OUR hands IN MY OPINION....

so i was only 100% off in my guesstimation? guess the MM's were swapping quite a few shares around...

Although the completion of that dividend resulted in a total
of 33 million shares outstanding, the sale of approximately 138,000
shares in the market on or shortly after the May 13 record date of the
stock dividend, resulted in significant confusion among various


more insight into how the market really works.... [Big Grin]

they showed the purchase FROM the transfer agent as one trade, and the sale to US as the other trade...
that would explain why i have twice as many shares in my cacklations as there really were .....
 
Posted by keithsan on :
 
i'm still having trouble with the class A and B quotes????

class A will Reverse Split? well time to contact SEC again....

who voted, the new second tier of commonstock?

Still trying to figure it all out, sorry for my duh
 
Posted by keithsan on :
 
hope one of the companies i sold share of comes to make me an offer WTF: how nice of them to accept this, WTF

the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock,


Companies PR so far, gonna keep tabs on NASD site to see what these guys come up with if anything.
 
Posted by BuyTex on :
 
yeah, who says this is approved? So far, every time they've PR'd on this deal, it's been wrong, misleading or illegal...
 
Posted by keithsan on :
 
i want to see what SEC says first. dont know if my brokerage cares though.
 
Posted by Purl Gurl on :
 
To: enforcement@sec.gov
To: chairmanoffice@sec.gov

Subject: GLUV Corp / ticker GVRP - securities fraud

--

I am writing to register a strong objection to both the SEC and
the NASD sanctioning clear securities fraud; sanctioning common
financial crime.

A news release by GLUV Corporation, ticker GVRP, released today is here,

http://biz.yahoo.com/bw/050621/216065.html?.v=1

"Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to
Remedy the Liquidity Problem in the Public Market for its Common Stock"

Within that news release GLUV states,

"...the company asked for, and received permission from, its
shareholders to implement a restructuring plan...."

I own three-hundred-million shares. I was not provided a right to vote.
Others hold millions of shares. None were provided a right to vote. No
shareholders were asked for "permission" to do this.

According to GLUV Corporation, this lie, this financial crime, is
sanctioned by the SEC and the NASD which only serves to add to your
reputation of being corrupt regulatory bodies, both of which routinely
encourage and sanction financial crimes against the American public.

Regards,

Bozo the Clown
 
Posted by BuyTex on :
 
quick searches on gluv and media magic show nothing new at SEC or NASD
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
quick searches on gluv and media magic show nothing new at SEC or NASD

nothing on news or the registering of shares of GVRP since they must be registered...well i don't know anymore but that used to be a rule
 
Posted by Purl Gurl on :
 
GLUV filed a new amendment with Florida.

An image is not yet available.

Purl Gurl
 
Posted by BuyTex on :
 
ihub post, good link all you see is that an amendment was filed, apparently not scanned yet, as before:
quote:
Posted by: matrix
In reply to: None Date:6/21/2005 5:39:48 PM
Post #of 64670

FYI, GVRP filed another amendment to their articles today.

http://www.sunbiz.org/scripts/corevt.exe?a1=DETEVE&n1=P01000001011&n2=DOMP
 
Posted by BuyTex on :
 
keith, purl, anybody:
ever file FOI on SEC? Wondering how long it takes to process...
 
Posted by BuyTex on :
 
also, don't waste time calling company: answering service says have to call back in am at 9:30...
 
Posted by Purl Gurl on :
 
How to file a Freedom Of Information Act request,

http://www.firstamendmentcenter.org/press/information/topic.aspx?topic=how_to_FOIA

Purl Gurl
 
Posted by keithsan on :
 
quote:
Originally posted by Purl Gurl:
GLUV filed a new amendment with Florida.

An image is not yet available.

Purl Gurl

thx was just going to check that site
 
Posted by keithsan on :
 
seems like it is still waitiing mode, I will begin my mean and nasty letter to my brokerage house.

Collusion (sp) they didn't let me sell my shares at .0001 to .005 and now they're reverse split. The SEC did not put a halt on me selling my shares, ameritrade did that themselves....

you get the picture.
 
Posted by BuyTex on :
 
*re purl's timely response*
know how, from reporting days, just wondering cuz as I remember, there's no "set" response time, something like "reasonable"...but thanks, looks like a good link...

You know, I would not be surprised if this merely a move to be able to say later in court, Well we tried to fix it on our own, but the SEC wouldn't let us...ie, reduce damages, culpability, etc, OR it's so blatantly f'd-up they're bidding for revocation...
 
Posted by Purl Gurl on :
 
FOIA request method at the SEC,

http://www.sec.gov/foia/howfo2.htm
 
Posted by dishgal1 on :
 
I have been gone.....today. News this afternoon. Forgive me if this has already been posted.

Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to Remedy the Liquidity Problem in the Public Market for its Common Stock
Business Wire - June 21, 2005 16:27

WEST PALM BEACH, Fla., Jun 21, 2005 (BUSINESS WIRE) -- Gluv Corp. (Pink Sheets:GVRP) announced today that its shareholders had adopted a corporate restructuring plan that would inject more than 414 billion shares of common stock into the market on a short term basis, thereby permitting the settlement of the trading in billions of its shares that took place while only 33 million shares of its common stock were actually outstanding.

On May 3, 2005, the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005 with respect to each of the 11 shares of its common stock that were outstanding on May 13, 2005. Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares on the May 20 payment date of the stock dividend. The company immediately undertook to publicly alert the market about its concerns regarding the excessive number of shares being traded in the market by issuing a press release on May 22, 2005. The company further notified certain securities firms and market makers trading the company's stock of its concerns prior to the market's opening on May 23, 2005. When those efforts failed to prevent the massive trading that continued to take place in the market, the company asked the NASD to help it to straighten out the confusion that had arisen with regard to the correct number of shares that were supposed to be outstanding, and it alerted the SEC with regard to the situation. After a series of communications between the company and each of the SEC and the NASD, and also between the SEC and the NASD, the SEC issued an order halting trading in the company's common stock on May 27, 2005. That trading halt ended at 11:59 PM on June 10, 2005.

Since the trading halt came to an end, the company has been working to fashion a solution that would, at the same time, inject into the market on a short term basis the billions of shares that the parties who bought and sold the company's shares mistakenly believed would be available to them for settlement of their trades, and eliminate all confusion about the number of shares that the company actually has outstanding.

In order to accomplish those goals, the company asked for, and received permission from, its shareholders to implement a restructuring plan consisting of the following elements:

-- the company's authorized share capital has been increased to
more than nine trillion shares;

-- the company now is authorized to issue two classes of common
stock -

-- Class A common stock which is identical to the common stock
that is presently outstanding, and

-- Class B common stock which provides for 125,000 votes per
share;

-- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;

-- all of the other shareholders of the company and the former
shareholders of DigiKidz Holdings, Inc. which merged into the
company last month (who hold a total of 30 million shares and
the right to receive approximately 44 million shares,
respectively) have accepted an offer from the company to
exchange their shares of common stock and their rights to
receive shares of common stock for an equal number of shares
of Class B common stock

-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that

-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,

-- all Class A and Class B common stock will be converted
into common stock having one vote per share and

-- the total number of shares that the company will be
authorized to issue will be reduced to 150 million shares
consisting of 100 million common shares (of which
approximately 77 million shares will be outstanding), and
50 million preferred shares issuable in one or more series
(none of which will be outstanding).

Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "We have worked very hard to craft a solution to the market liquidity problem that will permit all participants to settle the transactions in which they engaged. We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."

SOURCE: Gluv Corp.

Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com
 
Posted by keithsan on :
 
I was just at sunbiz, couldnt find a new filing for GVRP, doesn't mean its not there, i just couldn't find it.

http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=M79045&n2=NAMFWD&n3=0000&n4=N&r1=&r2=&r3=&r4=GVRP&r5=
 
Posted by BuyTex on :
 
quote:
Originally posted by Purl Gurl:
FOIA request method at the SEC,

http://www.sec.gov/foia/howfo2.htm

there ya go--i can use that one...thanks

Although, it occurs to me, I prolly can't afford a blanket request as they will have compiled quite a volume by now. Any good thoughts from anyone re specific, focused inquiries will be appreciated...
 
Posted by BuyTex on :
 
keith, all it says is 6-21-2005 new Amendment or some such.

No link to document, as before, when we waited on the one dated May 25. Prolly available late tomorrow or next ...
 
Posted by keithsan on :
 
quote:
Originally posted by keithsan:
I was just at sunbiz, couldnt find a new filing for GVRP, doesn't mean its not there, i just couldn't find it.

http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=M79045&n2=NAMFWD&n3=0000&n4=N&r1=&r2=&r3=&r4=GVRP&r5=

Purl if you have a link PLEASE post it, i NEED it for my argument [Smile] TIA

I am signing a P + S tonight so will be missing out on whatever we can do. Should be back later in the evening.(i had to hurry up and use my bank brokerage statements saying i was a millionaire to get more credit [Big Grin] )
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
keith, all it says is 6-21-2005 new Amendment or some such.

No link to document, as before, when we waited on the one dated May 25. Prolly available late tomorrow or next ...

on my link? or is mine bad? or am i blind?
 
Posted by Purl Gurl on :
 
Tex, I am giving thought, as you are, on "what"
should be requested. I am leaning towards an
"any and all" correspondence between GLUV and
the SEC which has not been made available to
the public.

Care has to be given to wording to include SEC,
NASD, DTCC, GLUV, Media Magic, Robert Pearce, any
and all other parties who have contacted the SEC or
the SEC has contacted.

You need to get out your legalese book, bend the
binder, and discover how to word a request which
is free of verbal loopholes.

Purl Gurl
 
Posted by BuyTex on :
 
Keith, below:
quote:
Originally posted by BuyTex:
ihub post, good link all you see is that an amendment was filed, apparently not scanned yet, as before:
quote:
Posted by: matrix
In reply to: None Date:6/21/2005 5:39:48 PM
Post #of 64670

FYI, GVRP filed another amendment to their articles today.

http://www.sunbiz.org/scripts/corevt.exe?a1=DETEVE&n1=P01000001011&n2=DOMP

 
Posted by keithsan on :
 
s h i t,

thanx tex i'm in such a rush i didn't do media magic, thanks for the link.

mucho appreciated.
 
Posted by BuyTex on :
 
agreed, correspondence vital. Of course, for now prolly won't be released per ongoing investigation--however, that too would be revelatory.

right now I'm focusing on correspondence re: restructuring, plus correspoondence with NASD...
 
Posted by keithsan on :
 
P.s.

for now just setting up my brokerage/sec/nasd ripping.

want to see if there is a reply by sec/nasd in the am I really don't give a damn what this company says....they have been completely full of it so far.

anyways. I must go.
 
Posted by BuyTex on :
 
if you keep search parameters on the ticker, that *should* eliminate problems with disingenuous footsie vis a vis "Well, you said GLUV, this correspondence was after the name change."

"Your Honor, it clearly states, communication regarding the issue that traded as 'gvrp.' "


You could build a tag-line: "This is request for information gathered, collected, bla bla during time period x-y, regardless of whether {variables they might use} involving the issue gvrp, including documents that do not specifically refer to the trading ticker."

sumpin like that...may take a bit or work, I agree...
 
Posted by Raptorsrule on :
 
Hmmm....A thought. Ameritrade told me today they are allowing liqiudation only transactions. The guy read it right off of the computer. So now that the company has released their plan to the world, couldn't we sell? The shares will be covered. Ameritrade would simply pass them down the line.....

In any event, We now have proof in vivid color for the world to see just how corrupt the system is. We just need to decide what to do with the ammo......Glad I got a little chunk of their change out of this prior to the halt.
 
Posted by cruz on :
 
ok guys - i had a bad day at work and i am burned out. please give me a brief summary of what's going to happen. sorry. i didn't get to vote. i thought we were the owners of the company.
 
Posted by cruz on :
 
so a reverse split before trading resumes?
 
Posted by BuyTex on :
 
[QUOTE]Originally posted by cruz:
ok guys - i had a bad day at work and i am burned out. please give me a brief summary of what's going to happen. sorry. i didn't get to vote. i thought we were the owners of the company. [/QUOTE
Apparently you've read the PR; either:
  • the company's restructured stock enters the market, thereby covering short positions AND saving a$$es of multi-million dollar brokers and MMs, but torching all save a select few who said "these are my shares, F making me cover" and hit the sell button Mon-Wed 23-25, or
  • it's yet another ploy by the scamsters who, upon counsel's strict lecturing said, "Boys, you need a big public play to demonstrate later in court that you 'tried to fix it.' " or
  • they realize *they're* f'd, the SEC investigation continues and they're not being not, SO "Let's get revoked--if this doesn't get us revoked, what will?"

mho, of course...

lottsa legal wrangling/scenarios possible...
 
Posted by pcloadletter on :
 
Ok, last night I was mad.....

Now I am (insert a bad word preceded by a badder word meaning really, really mad)
 
Posted by pcloadletter on :
 
This shareholder votes for a cash dividend and company sponsered party!
 
Posted by Raptorsrule on :
 
Almost like a journey through the looking glass eh Tex....
 
Posted by BuyTex on :
 
I'm choosing to remember that every PR these idjits release are total BS.

Their 250 trillion a/s never made it to market...why should these? imo, the SEC might've looked on the 250 as a panic-dilution-to-cover, but since they're already announcing the r/s? the "enchanted voting stock" (class B)?

Clearly predatory...perhaps the most visible indicator of company's character, yet...
 
Posted by George on :
 
So far the only ones that look to make out now are the Ameritrade holders that sold when they first got the shares and the people that sold Friday when it was 10 dollars a share.

I almost sold and took the 500 I was up on that Friday but could not resist the thoughts of what could happen...
 
Posted by Raptorsrule on :
 
just tried to place a sell order with AMTD. No go.....blocked.

So it appears the brokerages and powers to be will continue to hold everyone back while gluv perpetuates their scam.

I am calling AMTD first thing in the AM to ask if I can now sell the shares in my account, since the company clearly intends to issue them.

Who here is now ready for a CA lawsuit!!!!!!!!!
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
Almost like a journey through the looking glass eh Tex....

lol, man, I'm serious...grinning, but serious. If we fail to recognize this as the time to gang up and beat the chit out of da bully, that's our bad. This is momentous...any way it plays.

I'm envisioning the suit I will wear to court or the Congressional hearings...lol, *anything* SEC does besides force a cover w/o diltuion is wrong. period. True: pinks are risky. "So that means the rules are scammy?"
 
Posted by pcloadletter on :
 
a 1:3000 reverse split

current value = .0001

3000* .0001 = .3

1,000,000 shares = 333 shares

333 * .3 = $100

$100 = average investor gets scammed again
 
Posted by BuyTex on :
 
pc, good math, gonna read it again...
 
Posted by Raptorsrule on :
 
Yep...and just look at all the money that was made by the MMs, Brokerages, and the company.....

Raptor chants....."law suit,law suit,law suit......
 
Posted by Raptorsrule on :
 
Tex states....

"lol, man, I'm serious...grinning, but serious. If we fail to recognize this as the time to gang up and beat the chit out of da bully, that's our bad. This is momentous...any way it plays."

Concur whole heartedly.....
 
Posted by DENSKIJR on :
 
PC

Do the math again

I had 300,000,000 million shares / 3000 =100,000 shares

100,000.x.30= $30,000.00

300,000,000 x .0001=$30,000.00

is that correct maby I need to do it again?????
 
Posted by pcloadletter on :
 
Again assume average purchase price originally of $2.50 that would be a return of 4000% (not horrible) but,

the real problem is that the stock won't sell for .3

The SEC needs to stand up and deliver my protection and market integrity!
 
Posted by BuyTex on :
 
lawsuit, unless forced cover without dilution (FCWD), for shore!

all right, help me out here, you guys,:

quote:
all of the other shareholders of the company and the former
shareholders of DigiKidz Holdings, Inc. which merged into the
company last month (who hold a total of 30 million shares and
the right to receive approximately 44 million shares,
respectively

with 11 shares subject 3mm f/s, where they getting 44mm?
 
Posted by George on :
 
quote:
Originally posted by pcloadletter:
a 1:3000 reverse split

current value = .0001

3000* .0001 = .3

1,000,000 shares = 333 shares

333 * .3 = $100

$100 = average investor gets scammed again

But the PPS will be .0001

333* .0001 = .0333

we really get screwed...
 
Posted by cruz on :
 
pc - after the rs the share price would increase from 0.0001 to 0.30. wouldn't it?
 
Posted by George on :
 
quote:
Originally posted by DENSKIJR:
PC

Do the math again

I had 300,000,000 million shares / 3000 =100,000 shares

100,000.x.30= $30,000.00

300,000,000 x .0001=$30,000.00

is that correct maby I need to do it again?????

by 3million not 3 thousand
 
Posted by pcloadletter on :
 
only short term....

With the rep GLUV has, the share price will plummit to .0001.

They need to do what a real company would do. Save their rep, arbitrate a fair settlement, and move on.
 
Posted by George on :
 
actually it says will do a R/S to get to only 3mil shares. so the amount you have to divide by is undetermined until they figure out how many shares will be out. Should be 3mil if the numbers are right

-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,
 
Posted by pcloadletter on :
 
-- the company's authorized share capital has been increased to
more than nine trillion shares;


-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,

9trillion/3million = 3,000,000

You are correct...sorry
 
Posted by pcloadletter on :
 
My head hurts and my day just started
 
Posted by DENSKIJR on :
 
When I talked to ameritrade this afternoon they wouldn't comment on this press release they wont do anything until they are told what to do I guess from the SEC.
 
Posted by BuyTex on :
 
imo?

we need 3-4 teams.

1) do the math, over and over again till we can post it straight up, easy for all to follow

2) i'm gonna go back over that PR, focusing on their pov of "cause"; could use help there

3) tomorrow? follow-up on phone, search, etc trying to elicit official response and minimize board conjecture and personal anguish/indifference response. Remember, overload leads to leathargy...

4) the "other team," response needed as unexpected develops...

gonna get my magnifying glass on that PR...
 
Posted by Raptorsrule on :
 
quote:
Originally posted by DENSKIJR:
When I talked to ameritrade this afternoon they wouldn't comment on this press release they wont do anything until they are told what to do I guess from the SEC.

Typical....remember....AMTD personnel have claimed since day one the shares were delivered....clowns....

This ain't over by a long shot folks....
 
Posted by George on :
 
Do the math again

If you had 300,000,000 million shares / 3,000,000 =100 shares

100x.0001= .01 cents....

You know it will only trade at .0001 or less.
 
Posted by BuyTex on :
 
Mathfolk,
please try to determine where company comes up with "44mm shares."
 
Posted by pcloadletter on :
 
What really honks me off is we lose our original investment and the company gets rewarded!

Now that I have digested this "PR", I bet the SEC folk are laughing. There is no way that they would let this happen. The wouldn't let them increase the first time.

GVRP might actually have hurt themselves using this stunt. They in effect admitted guilt and sat at the bargaining table. This is their first offer to the SEC. Too bad it will tick everyone off, and hopefully flood the SEC with complaints.
 
Posted by keithsan on :
 
quote:
Originally posted by Raptorsrule:
Hmmm....A thought. Ameritrade told me today they are allowing liqiudation only transactions. The guy read it right off of the computer. So now that the company has released their plan to the world, couldn't we sell? The shares will be covered. Ameritrade would simply pass them down the line.....

In any event, We now have proof in vivid color for the world to see just how corrupt the system is. We just need to decide what to do with the ammo......Glad I got a little chunk of their change out of this prior to the halt.

if the sec listens to the company, you make out. I'm still in not listening to the companies bull mode.
 
Posted by pcloadletter on :
 
Hey Tex, good evening. Be here until 5 or so tomarrow morning.

Any good leads tonight. Looks like a slow day overall. Any good plays?
 
Posted by DENSKIJR on :
 
pc,

Now that I have digested this "PR", I bet the SEC folk are laughing. There is no way that they would let this happen. The wouldn't let them increase the first time.

After reading it for the 3rd time I agree this is total BS the SEC is not going to let the company profit from this especially take there 350k company shell to 500 million dollar company its not going to happen IMO but we shall see the saga continues. Ha

Have a great day

Dennis
 
Posted by George on :
 
quote:
Originally posted by BuyTex:
Mathfolk,
please try to determine where company comes up with "44mm shares."

it makes no sense...I guess they voted to allow the class B holder 44mil more..more voting shares.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by George:
quote:
Originally posted by BuyTex:
Mathfolk,
please try to determine where company comes up with "44mm shares."

it makes no sense...I guess they voted to allow the class B holder 44mil more..more voting shares.
Agreed George.....I can't make anything work with those numbers....
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
Hey Tex, good evening. Be here until 5 or so tomarrow morning.

Any good leads tonight. Looks like a slow day overall. Any good plays?

nah, was twisting wires today...again tomorrow, on the job at 6 am. Thas why I can't help research manana, lol, trying to do whatever I can tonight. Something is major wrong I haven't put my finger on...lol, i mean, we all know it's fishy...
 
Posted by BuyTex on :
 
as though there's f/s within an f/s...they're guilding the lily for the lawsuit, my guess, right now...

any estimates what it's costing em to *not* be trading?
 
Posted by Raptorsrule on :
 
Just sent this to the SEC......short...to the point

Please see attached.

Surely, the SEC is not going to let this happen. The consequences to the individual investors are dire in this scenario and yet the system and the company have profited. I strongly advise the ramifications of this "solution" as the company so eloquently put it, are unthinkable at best.

Sincerely,

Concerned Investor


Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to Remedy the Liquidity Problem in the Public Market for its Common Stock
Tuesday June 21, 4:27 pm ET


WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 21, 2005--Gluv Corp. (Pink Sheets:GVRP - News) announced today that its shareholders had adopted a corporate restructuring plan that would inject more than 414 billion shares of common stock into the market on a short term basis, thereby permitting the settlement of the trading in billions of its shares that took place while only 33 million shares of its common stock were actually outstanding.
On May 3, 2005, the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005 with respect to each of the 11 shares of its common stock that were outstanding on May 13, 2005. Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares on the May 20 payment date of the stock dividend. The company immediately undertook to publicly alert the market about its concerns regarding the excessive number of shares being traded in the market by issuing a press release on May 22, 2005. The company further notified certain securities firms and market makers trading the company's stock of its concerns prior to the market's opening on May 23, 2005. When those efforts failed to prevent the massive trading that continued to take place in the market, the company asked the NASD to help it to straighten out the confusion that had arisen with regard to the correct number of shares that were supposed to be outstanding, and it alerted the SEC with regard to the situation. After a series of communications between the company and each of the SEC and the NASD, and also between the SEC and the NASD, the SEC issued an order halting trading in the company's common stock on May 27, 2005. That trading halt ended at 11:59 PM on June 10, 2005.

Since the trading halt came to an end, the company has been working to fashion a solution that would, at the same time, inject into the market on a short term basis the billions of shares that the parties who bought and sold the company's shares mistakenly believed would be available to them for settlement of their trades, and eliminate all confusion about the number of shares that the company actually has outstanding.

In order to accomplish those goals, the company asked for, and received permission from, its shareholders to implement a restructuring plan consisting of the following elements:

-- the company's authorized share capital has been increased to
more than nine trillion shares;

-- the company now is authorized to issue two classes of common
stock -

-- Class A common stock which is identical to the common stock
that is presently outstanding, and

-- Class B common stock which provides for 125,000 votes per
share;

-- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;

-- all of the other shareholders of the company and the former
shareholders of DigiKidz Holdings, Inc. which merged into the
company last month (who hold a total of 30 million shares and
the right to receive approximately 44 million shares,
respectively) have accepted an offer from the company to
exchange their shares of common stock and their rights to
receive shares of common stock for an equal number of shares
of Class B common stock

-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that

-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,

-- all Class A and Class B common stock will be converted
into common stock having one vote per share and

-- the total number of shares that the company will be
authorized to issue will be reduced to 150 million shares
consisting of 100 million common shares (of which
approximately 77 million shares will be outstanding), and
50 million preferred shares issuable in one or more series
(none of which will be outstanding).

Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "We have worked very hard to craft a solution to the market liquidity problem that will permit all participants to settle the transactions in which they engaged. We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."


--------------------------------------------------------------------------------
Contact:
Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com
 
Posted by pcloadletter on :
 
you an electrician Tex? Sounds like you are wiring terminations
 
Posted by BuyTex on :
 
quote:
the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005 with respect to each of the 11 shares of its common stock that were outstanding on May 13, 2005. Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000
shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares

[list][*]the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005

agreed

[*]Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000
shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill"


wrong.(a)we had no confusion: NASD verified "due bills attached." Brian at NASD told i-hub trader, "hope that paper's worth something."

(b) no confusion, yet, at brokerages, either--mine, eg, still had NO KNOWLEDGE as of the morning of May 20, when I then first called the SEC and my congress rep

no confusion, 138,000 did have due bills attached. Even the TA was called...what more DD can a trader do?

[*]as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares

lol, 138,000 x 3,000,000 = 414,000,000,000

hello? 414 billion, not 418


I can't think of a term to convey the contempt I feel. They've known for at least a month that we busted em, and this is the best PR they can assemble? truly, truly low-rank...
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
you an electrician Tex? Sounds like you are wiring terminations

done lottsa stuff, some on my own, more helping buddies who own companies: punchdowns for networks, some residential/remodel, "straight" commercial...done quite a bit of neon installations...helping a buddy now with a mix of commercial/residential.
 
Posted by Raptorsrule on :
 
Legally, the following quote is huge:

Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "We have worked very hard to craft a solution to the market liquidity problem that will permit all participants to settle the transactions in which they engaged

It asserts, their proposed solution meets the intent of our trades; since we did in fact understand we would be receiving 3 million shares for every share we bought with due bills attached. With that in mind, dilution was always part of the deal.

Clever..
 
Posted by BuyTex on :
 
Raptor,

also notice: "WE have worked...to craft..."

If it was a "PinKSheets" error or "computer probloem," why does the company have to work so hard?
 
Posted by BuyTex on :
 
quote:
the sale of approximately 138,000
shares in the market on or shortly after the May 13 record date

now, about this sale?

how did this come about, Mr. Pearce?
 
Posted by pcloadletter on :
 
who brought it about Mr. Pearce?

What is being done about them Mr. Pearce?
 
Posted by TampaInvester on :
 
if you own 100 shares
post f/s you have 300000000 (300 )million shares

out of 414000000000 (414 billion) outstanding shares you own 300000000 shares (300 million)


now if they say this will be adjusted to a total of 3 million. This means


out of 3 million shares you would own (3million * 300 million)/414 billion

= 2173 shares

so reverse split = 300 million/2173 = 138057:1 (approx)

Is my maths correct?
 
Posted by pcloadletter on :
 
who knows:

All I know is RS = investors shafted
 
Posted by TampaInvester on :
 
which is = 138000 shares sold in market post split huh?
 
Posted by Raptorsrule on :
 
Math looks right Tampa.....
 
Posted by BuyTex on :
 
quote:
Originally posted by pcloadletter:
who knows:

All I know is RS = investors shafted

please support all attempts to get the math right, lol, unnerstand yur frustration, but we need to take this apart and put it back together w/o the company "noise"...


ALL: please remember, under Florida law? they don't need shareholder approval....

UNLESS

they have exercised precaution to ensure no damage to shareholders will occur...
 
Posted by TampaInvester on :
 
quote:
Originally posted by TampaInvester:
if you own 100 shares
post f/s you have 300000000 (300 )million shares

out of 414000000000 (414 billion) outstanding shares you own 300000000 shares (300 million)


now if they say this will be adjusted to a total of 3 million. This means


out of 3 million shares you would own (3million * 300 million)/414 billion

= 2173 shares

so reverse split = 300 million/2173 = 138057:1 (approx)

Is my maths correct?

New adjusted price = 138057 * 0.001 = 13.08

share value = 2173 * 13.08 = $30,000

back to the same amount..huh?
 
Posted by glassman on :
 
let's cut to the chase.....

here's where the "aroma" emanates from....

On May 3, 2005, the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005 with respect to each of the 11 shares of its common stock that were outstanding on May 13, 2005. Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares on the May 20 payment date of the stock dividend.

they are admitting publicly that they sold 137,989 shares that did NOT exist....

because they were NOT PAYBLE until the 20th of May....

there isn't much else to prove....

the question is what are we going to do about it....
 
Posted by Raptorsrule on :
 
Glass...whatever it takes. But remember.....we bought them...
 
Posted by BuyTex on :
 
quote:
Originally posted by TampaInvester:
quote:
Originally posted by TampaInvester:
if you own 100 shares
post f/s you have 300000000 (300 )million shares

out of 414000000000 (414 billion) outstanding shares you own 300000000 shares (300 million)


now if they say this will be adjusted to a total of 3 million. This means


out of 3 million shares you would own (3million * 300 million)/414 billion

= 2173 shares

so reverse split = 300 million/2173 = 138057:1 (approx)

Is my maths correct?

New adjusted price = 138057 * 0.001 = 13.08

share value = 2173 * 13.08 = $30,000

back to the same amount..huh?

Tampa,
a little more spelled out for the math-challenged, such as myself--please post the results for an owner of pre-split 100 shares.
If the company gets their way, what would the 100 shares be worth, in this model? sorry to be dense...
 
Posted by TampaInvester on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by TampaInvester:
quote:
Originally posted by TampaInvester:
if you own 100 shares
post f/s you have 300000000 (300 )million shares

out of 414000000000 (414 billion) outstanding shares you own 300000000 shares (300 million)


now if they say this will be adjusted to a total of 3 million. This means


out of 3 million shares you would own (3million * 300 million)/414 billion

= 2173 shares

so reverse split = 300 million/2173 = 138057:1 (approx)

Is my maths correct?

New adjusted price = 138057 * 0.001 = 13.08

share value = 2173 * 13.08 = $30,000

back to the same amount..huh?

Tampa,
a little more spelled out for the math-challenged, such as myself--please post the results for an owner of pre-split 100 shares.
If the company gets their way, what would the 100 shares be worth, in this model? sorry to be dense...

This example was for pre split 100 shares which had due bills but were never delivered
 
Posted by glassman on :
 
OK TEX....

let's round out to 3$/share pre-split....

say i bought 100 shares for 300$
the split was 3million for 1
i get 300million shares and they are worth .0001...cuz this traded way up to .0001 post-split remember?
thats' now 30,000.00$ [Big Grin]

so far so good....right?

now we reverse split 1 for 3million (or do we?, cuz that ain't spelled out in so many words is it?)
we are back to 100 shares at $300 ea....

how long do you think it'll stay that high????

this won't work, and it leaves the door wide open for a whole lot more monkeybiz....

cuz you and i both know some SOB will be short-selling shares they don't have again the second the PPS is adjusted post-reverse split....
 
Posted by TampaInvester on :
 
quote:
Originally posted by glassman:
OK TEX....

let's round out to 3$/share pre-split....

say i bought 100 shares for 300$
the split was 3million for 1
i get 300million shares and they are worth .0001...cuz this traded way up to .0001 post-split remember?
thats' now 30,000.00$ [Big Grin]

so far so good....right?

now we reverse split 1 for 3million (or do we?, cuz that ain't spelled out in so many words is it?)
we are back to 100 shares at $300 ea....

how long do you think it'll stay that high????

this won't work, and it leaves the door wide open for a whole lot more monkeybiz....

.....all outstanding shares of Class A common stock will be divided, i.e., reverse split, into a total of 3 million shares,.....

But the r/s is not 3 million They clearly say the stock will be divided into a total of 3 million
 
Posted by keithsan on :
 
why do we care what they say?

they are definately stating that this would be best for them and this is how it should be for them.

for us, we say different.

now we need to see what the sec says. but if the SEC allows them to register shares to cover a short and then RS them, I doubt very much that it would be legal.

so, i'm gonna have another beer and see what the stock cops have to say.
 
Posted by glassman on :
 
from 138,000

to 3 million....

then the insiders get to convert to that number...

a clear shafting...
 
Posted by BuyTex on :
 
thanks, fellas... Tampa, thx for the rundown; Glass, elucidation; Keith, *clink* gonna crack me one too, 'fore hitting the sack...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
from 138,000

to 3 million....

then the insiders get to convert to that number...

a clear shafting...

of course it is, company won't put out a pr shafting themselves. hell they still gotta sell shares when this crap is done LOL
 
Posted by pcloadletter on :
 
SEC will protect us.
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
SEC will protect us.

LOL good luck on that thought.

...but they probably won't do all of what the company is begging for in their pr. either.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6749374
quote:
Posted by: eviltweety
In reply to: Rocket Blasters who wrote msg# 65005
Date:6/21/2005 11:42:16 PM
Post #of 65035

" the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill"

Sorry but this is pissing me off all over again.....THEY sold the shares into the market they did not own and could not borrow......who was confused???? It wasn't just some trader and it wasn't just any shareholder - it was an insider or insiders who were following a plan to dump into the market on the heels of their crap PR.....it's everyone's fault but theirs and now like some white knight, they're going to ride to the rescue with this latest gambit?...I'm going to do more than just post about this and tomorrow I'm meeting with a securities attorney to educate myself as to my next move. I'm just a little guy but I'm not going to just sit back quietly......I don't do "quietly" well at all..........


 
Posted by glassman on :
 
- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;


then?


-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,


i reread this a couple times...

i still interpret this to say they are re-converting the whole 3 million back to 3 million after they deliver all the shares...

we still end up with the same number of shares that we bought...

i may be trying too hard, but that's what i got the first time i read it...

the WHOLE 3 million have been converted to supply the delivery of the forward split, then they will be re-converted back to 3 million...not just the 138,000 we bought from them, cuz that wouldn't put ANY shares in the treasury to deliver


i am not condoning this act, just doing the math...

we end up after the RS with 300$/share stocks as i cacklackted in the previous post...

it still leaves a hole big enough to drive truck thru...

[ June 22, 2005, 00:08: Message edited by: glassman ]
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6749466
quote:
Posted by: SSP
In reply to: None
Date:6/21/2005 11:54:00 PM
Post #of 65053

***** GVRP plan simplified, 11 shares total, insider with 1 share sold 138,000 shares at say 4 bucks average, so about half a million dollars worth. Company is going to give him 3 million shares, to cover the short position, then reverse split the stock 1 - 3 million, taking the shareholder back to 1 share, they pocket the money. The other 10 shares are replaced by class B shares so are immune to actions.


 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6749492
quote:
Posted by: TallTrader
In reply to: SSP who wrote msg# 65043
Date:6/21/2005 11:57:37 PM
Post #of 65057

I have not had the time to keep up with the GVRP situation, but, I did buy shares, and with disgust, I read the PR today.

I'M A LITTLE CONFUSED WITH THIS STATEMENT: “In order to accomplish those goals, the company asked for, and received permission from, its shareholders to implement a restructuring plan consisting of the following elements:”

QUESTION: Were any shareholders here asked to vote on this? I was never asked.

I don't appreciate someone trying to insult my intelligence with statements such as:

STATEMENT: "the shareholders who sold shares into the market after the declaration of the stock dividend have accepted an offer from the company"
INTERPRETATION: "let’s help him keep his money”

STATEMENT: "have accepted an offer from the company to exchange their shares"
INTERPRETATION: "selling shareholder has asked to do this or he will have to give up the $500,000+ he got from selling his shares short."

STATEMENT: "craft a solution to the market liquidity problem that will permit all participants to settle the transactions in which they engaged."
INTERPRETATION: "act like the shareholder who sold suffered and everyone will feel sorry for him"

STATEMENT: "We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."
INTERPRETATION: "we spoke to the SEC and they said we better do something LEGAL or we are in trouble." Remember, if they can PERSUADE the shareholders to accept this BS, then it is legal.

IS THERE REALLY ANYONE WITH AN ATTORNEY THAT IS DOING SOMETHING ABOUT THIS OR IS THE "ATTORNEY" TALK JUST BS?


 
Posted by H2NRG on :
 
Will anyone be calling Kosha Dalal at NASD about this POS PR?

Kosha Dalal: (202) 728-6903
(note spelling update of her name per http://www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&ssDocName=NASDW_011359 )
 
Posted by Trader88 on :
 
Looks like the game's over. We can email, call SEC NASD, the press, whoever, none of it is going to work. The company got what it wanted, end of story. Just glad I sold some on the 23rd, at least I get some money out of this POS. Goodnight, and god bless America. It's over.
 
Posted by keithsan on :
 
whyd company get what they want? cuz they said so. hell i can release a pr too.
 
Posted by Trader88 on :
 
Yeah, cuz they said so, SEC doesn't give a sht, that's pretty obvious. They let the company weasle out, like they have done many times in the past, and will continue to do. I don't know why we should be shocked and surprised by this.
 
Posted by Trader88 on :
 
I just want Ameritrade to realease my sale funds, I walk with a 20 bagger, not bad I guess for all the aggravation of this POS.
 
Posted by Purl Gurl on :
 
> Carol Remond wrote:

(snipped)

Ms. Remond, this will, most likely, be my last contact
with you. We spoke previously about GLUV Corporation,
trading as GVRP ticker.

I suggested to you GLUV is being allowed to set precedence
of a company luring in buyers with a promise of forward
split shares, followed by a claim of a mistake, a company
effected halt of trading, then finally issuing massive
amounts of new shares to cover.

There is a new twist to this scheme now, a final act
of a reverse split.

Yesterday, a news release is issued by GLUV which is very
convoluted, almost nonsense very difficult to decipher,

http://biz.yahoo.com/bw/050621/216065.html?.v=1

Bottom line of their news is GLUV will issue huge amounts
of shares to insiders to cover naked shorts, issue class B
stock to maintain majority interest, then effect a reverse
split to reduce public holding to almost nothing.

Investors estimate insiders at GLUV will walk away with
one-half-million to one-million dollars in profits, and
public buyers will be left holding very few shares which
will be vitually worthless.

Wording in their news strongly suggests both the SEC and
the NASD have sanctioned this plan, which clearly leaves
GLUV with significant profit, and investors with a loss
of almost all money.

I would like to write I am surprised our regulatory bodies
would allow such clear crime, but this of no surprise; these
actions are in keeping with a long history of the public's
opinion internal corruption at the SEC and the NASD is very
significant and pervasive.

In closing, it appears GLUV will be allowed by regulatory
bodies to set a precedence case of a forward split lure,
followed by new registered shares flooding, and finally
a reverse split to remove the public. GLUV will retain
significant profits, and the public, significant losses.

My opinion is setting of this precedence and sanctioning
by the SEC and the NASD will lead to addtional actions
like this in the future; a new method to steal from
the public with regulatory authority's blessings.

Best,

Bozo the Clown

cc:enforcement@sec.gov
cc:chairoffice@sec.gov
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Yeah, cuz they said so, SEC doesn't give a sht, that's pretty obvious. They let the company weasle out, like they have done many times in the past, and will continue to do. I don't know why we should be shocked and surprised by this.

nothings changed yet except for the company filing, remember they also had another bogus filing for the trillions of shares.

maybe sec doesn't care, if they don't I'm gonna get a second mortgage for a shell and wheel and deal pr's with filings
 
Posted by Raptorsrule on :
 
AMTD says they have received many calls on this today. As of now.....no trades. They are awaiting further word. The gentlemen did mention he had never seen anything of this nature in his 15 years of being in the biz. At this point, AMTD is waiting on a ruling from NASD / SEC.

Meanwhile....GLUV is no doubt perpetuating their scam.
 
Posted by keithsan on :
 
gluv is attempting to perpetuate they already filed so RS could go today, but it aint happening.....

yet of course. This could take months. doubt it'll take years.
 
Posted by Trader88 on :
 
There is going to be no ruling, maybe just a confirmation of the company's plans. That's what Ameritrade needs to release funds. People can hope all they want, but this thing is OVER.
 
Posted by Raptorsrule on :
 
Well.....if and when they are released....i'm hoping it will trade a bit b4 the reverse takes hold.....
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
There is going to be no ruling, maybe just a confirmation of the company's plans. That's what Ameritrade needs to release funds. People can hope all they want, but this thing is OVER.

they need a ruling from the SEC/nasd whomever to release funds not a GVRP pr. we stand no different than we did 2 days ago.

If you asked anyone here how would GVRP try (operative word) to get out of the situation we would ALL say issue more shares and RS.

The play has always been will they have to buy them back. Nothing changed with that PR
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Trader88:
There is going to be no ruling, maybe just a confirmation of the company's plans. That's what Ameritrade needs to release funds. People can hope all they want, but this thing is OVER.

they need a ruling from the SEC/nasd whomever to release funds not a GVRP pr. we stand no different than we did 2 days ago.

If you asked anyone here how would GVRP try (operative word) to get out of the situation we would ALL say issue more shares and RS.

The play has always been will they have to buy them back. Nothing changed with that PR

Of course, I wish you were right about them having to cover, that would be nice. But being realistic, it ain't gonna happen. The stuff in that PR was OK'd by the regulators, the whole scenario is layed out, even the "thank you's" at the end, lol. Stick a fork in it, its DONE.
 
Posted by keithsan on :
 
show me proof that its ok'd? pr's don't have to be ok'd. by any regulators, call the sec if you want, i have.

again, if it was all done, you'd see trading in GVRP and the split happened. it hasn't.

Ameritrade and others would be happy to receive the dumped shares. they would be out of liability.
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
show me proof that its ok'd? pr's don't have to be ok'd. by any regulators, call the sec if you want, i have.

again, if it was all done, you'd see trading in GVRP and the split happened. it hasn't.

Ameritrade and others would be happy to receive the dumped shares. they would be out of liability.

No proof, just my own opinion. I'm on your side, don't you think I would LOVE to sell my remaining half a billion shares?

2 weeks, that's when the split will happen. Until then, it will not trade, and after the 2 weeks everyone will be reversed out.

Did you REALLY think the regulators would give a crap about this? To them, this is just a waste of their desk space with all the complaints. They want done with it, and don't really care how. Does it suck? Sure, but that's the way it is, time to live with it and move on. That's how they do it, LOL.
 
Posted by DENSKIJR on :
 
Trader88,

are you saying you got your funds after you sold. and expect amtd to release them. I have sold and they have them on hold. thats the part where Im confused with.


This to me reads that I wont get those profits but how do you see it????


- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;
 
Posted by keithsan on :
 
I dont think the regulators give a crap about this POS but they do give a crap about their rules, allowing this would set a precedent that would alter the face of trading. You think the systme is screwy now, wait till forward splits, reverses share dumpage, as, and os dont matter at all.

They are insane to let it happen, will we become rich, doubt it. The pr's put out by the company are trying to make themselves look like victims although they basically state in this pr they know who f'd up.

Why do we contact the SEC, we do the same thing as the company, try to put ourselves in the best light for a ruling in our favor. Remeber the first pr. blaming pinksheets LOL that isn't in this pr, they have contradicted themselves so many times. I think they are in huge trouble. Will we make any gains out of that, who knows.
 
Posted by Trader88 on :
 
"thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares"

Meaning, all trades will be settled, meaning you get whatever you sold for. So, yes, I am expecting Ameritrade to release the funds when they get the split shares. That will be very soon, probably by the end of the week, I think.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6754436
quote:
Posted by: Art2Gecko
In reply to: None
Date:6/22/2005 11:59:35 AM
Post #of 65259

Email from pinksheets.com >>

From : R. Cromwell Coulson <cromwell@pinksheets.com>
Reply-To : <cromwell@pinksheets.com>
Sent : Wednesday, June 22, 2005 1:51 PM
To : <xxx@hotmail.com>
Subject : RE: Gluv corp (GVRP)

/ / / Inbox

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I completely understand your concerns and that is why Pink Sheets position has consistently been that all trades should be unwound. However we are not a regulator and cannot force it upon the market. You can be assured that regulators will be aware of what the company is trying to do.


--------------------------------------------------------------------------------

From: Art Gecko [mailto:xxx@hotmail.com]
Sent: Wednesday, June 22, 2005 8:24 AM
To: info@pinksheets.com
Subject: RE: Gluv corp (GVRP)

Well, since pinksheets seems so interested to comment on the GVRP situation, will they be making any comments on the shaft job the company is trying to perpetrate (rewriting the rules as they go it seems) on investors by this joke of a PR? It must be nice to be able to create shares out of thin air to cover the initial seller's short position that he created by selling his "138,000" shares before the forward split. If this is allowed to go forward, there is no semblence of "market integrity" and you can bet your bippy that this scam will be perpetrated by others.

What these crooks essentially have done here is sell post forward split share quantities of presplit shares ( selling 138,000 shares from 1 share owned), then, instead of having to actually deliver the duebill shares, the company is just issuing stock out of thin air (the initial seller keeping the $500K or so profits from his bogus sales in the process) to cover his short, then they plan to reverse split the resultant OS to oblivion, all the while brokers not delivering shares to peoples accounts and freezing trading on any shares they have in the meantime.

This is making a complete and utter mockery of the market, and the only one set to make any profit out of it all is the original seller who illegally sold the pre-split shares in the first place.

http://biz.yahoo.com/bw/050621/216065.html?.v=1


Gluv Corp. n/k/a/ Media Magic, Inc. Announces Restructuring Plan to Remedy the Liquidity Problem in the Public Market for its Common Stock
Tuesday June 21, 4:27 pm ET

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--June 21, 2005--Gluv Corp. (Pink Sheets:GVRP - News) announced today that its shareholders had adopted a corporate restructuring plan that would inject more than 414 billion shares of common stock into the market on a short term basis, thereby permitting the settlement of the trading in billions of its shares that took place while only 33 million shares of its common stock were actually outstanding.

On May 3, 2005, the company declared a dividend of 2,999,999 shares of its common stock payable on May 20, 2005 with respect to each of the 11 shares of its common stock that were outstanding on May 13, 2005. Although the completion of that dividend resulted in a total of 33 million shares outstanding, the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers as to whether a 3,000,000 share stock dividend was attached to each of those 138,000 shares as a "due bill" requiring the delivery of more than 418 billion shares on the May 20 payment date of the stock dividend. The company immediately undertook to publicly alert the market about its concerns regarding the excessive number of shares being traded in the market by issuing a press release on May 22, 2005. The company further notified certain securities firms and market makers trading the company's stock of its concerns prior to the market's opening on May 23, 2005. When those efforts failed to prevent the massive trading that continued to take place in the market, the company asked the NASD to help it to straighten out the confusion that had arisen with regard to the correct number of shares that were supposed to be outstanding, and it alerted the SEC with regard to the situation. After a series of communications between the company and each of the SEC and the NASD, and also between the SEC and the NASD, the SEC issued an order halting trading in the company's common stock on May 27, 2005. That trading halt ended at 11:59 PM on June 10, 2005.

Since the trading halt came to an end, the company has been working to fashion a solution that would, at the same time, inject into the market on a short term basis the billions of shares that the parties who bought and sold the company's shares mistakenly believed would be available to them for settlement of their trades, and eliminate all confusion about the number of shares that the company actually has outstanding.

In order to accomplish those goals, the company asked for, and received permission from, its shareholders to implement a restructuring plan consisting of the following elements:

-- the company's authorized share capital has been increased to
more than nine trillion shares;

-- the company now is authorized to issue two classes of common
stock -

-- Class A common stock which is identical to the common stock
that is presently outstanding, and

-- Class B common stock which provides for 125,000 votes per
share;

-- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;

-- all of the other shareholders of the company and the former
shareholders of DigiKidz Holdings, Inc. which merged into the
company last month (who hold a total of 30 million shares and
the right to receive approximately 44 million shares,
respectively) have accepted an offer from the company to
exchange their shares of common stock and their rights to
receive shares of common stock for an equal number of shares
of Class B common stock

-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that

-- all outstanding shares of Class A common stock will be
divided, i.e., reverse split, into a total of 3 million
shares,

-- all Class A and Class B common stock will be converted
into common stock having one vote per share and

-- the total number of shares that the company will be
authorized to issue will be reduced to 150 million shares
consisting of 100 million common shares (of which
approximately 77 million shares will be outstanding), and
50 million preferred shares issuable in one or more series
(none of which will be outstanding).
Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "We have worked very hard to craft a solution to the market liquidity problem that will permit all participants to settle the transactions in which they engaged. We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."


--------------------------------------------------------------------------------

Contact:

Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com


>From: "Info" <info@pinksheets.com>
>To: "'Art Gecko'" <xxx@hotmail.com>
>Subject: RE: Gluv corp (GVRP)
>Date: Fri, 17 Jun 2005 09:28:40 -0400
>MIME-Version: 1.0
>Received: from n016.sc0.cp.net ([64.97.160.30]) by mc10-f2.hotmail.com with Microsoft SMTPSVC(6.0.3790.211); Fri, 17 Jun 2005 06:30:30 -0700
>Received: from sales01 (138.88.250.5) by n016.sc0.cp.net (7.0.038) (authenticated as info@pinksheets.com) id 42B0B52F000440D2 for xxx@hotmail.com; Fri, 17 Jun 2005 13:28:45 +0000
>X-Message-Info: JGTYoYF78jEHjJx36Oi8+Z3TmmkSEdPtfpLB7P/ybN8=
>X-Mailer: Microsoft Office Outlook, Build 11.0.5510
>Thread-Index: AcVyyWd6inXrLjCZRDiA7qOeducc+AAdwrkA
>X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.2180
>Return-Path: info@pinksheets.com
>X-OriginalArrivalTime: 17 Jun 2005 13:30:30.0227 (UTC) FILETIME=[BAFE8230:01C57340]
>
>Yes, Pink Sheets put this notice out yesterday.
>
>
>
>Liz Heese
>
>Pink Sheets Issuer Services
>
>212-896-4426
>
>
>
> ***This e-mail message is intended only for the named recipient(s) above.
>It may contain information that is confidential and/or privileged. You are
>hereby notified that any review, dissemination, distribution or copying of
>this e-mail and any attachment(s) is prohibited. If you have received this
>e-mail in error, please notify the sender immediately by return e-mail or
>telephone and delete this e-mail and any attachment(s) from your system and
>destroy any hardcopies ***
>
>
>
> _____
>
>From: Art Gecko [mailto:xxx@hotmail.com]
>Sent: Thursday, June 16, 2005 7:16 PM
>To: info@pinksheets.com
>Cc: info@mediamagicinc.com; enforcement@sec.gov
>Subject: Gluv corp (GVRP)
>
>
>
>Hello,
>
>Can you verify for me that this "notification" was put out by the company
>GVRP itself, as the note in red says at the bottom of the release..
>
>
>
>http://www.pinksheets.com/quote/news.jsp?symbol=GVRP
><http://www.pinksheets.com/quote/news.jsp?symbol=GVRP&headline=Notice+Regard
>ing+Transactions+in+GLUV+Corp&pno=1&compid=643833>
>&headline=Notice+Regarding+Transactions+in+GLUV+Corp&pno=1&compid=643833
>
>
>
>
>
>It seems to be written in a style that makes it look like it was an official
>opinion of the NASD, or from pinksheets.com itself.
>
>
>
>Can you please confirm the source of that news release? Perhaps they are
>trying to get it halted again so the insiders that sold never have to cover
>the due-bills they owe?
>
>
>
>thanks very much.
>
>
>
>Art Gecko
>


 
Posted by Purl Gurl on :
 
Typo in my sample email up there,

"cc:chairoffice@sec.gov"

Should be,

"cc:chairmanoffice@sec.gov

Sorry.

Fortunately, I did address my email correctly,
but made a typo in the body of my email.
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
You think the systme is screwy now, wait till forward splits, reverses share dumpage, as, and os dont matter at all.

In other words, business as usual!
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6755055
quote:
Posted by: M0NEYMADE
In reply to: Rocket Blasters who wrote msg# 1578
Date:6/22/2005 12:37:22 PM
Post #of 1589

*******NEW ATTORNEY CONTACT**********


THIS TIME YOU HAVE LESS THAN 2WEEKS TO DEMAND ACTION OR GVRP/BROKERAGES/SEC/NASD/DTC
ALL WALK AWAY...FREE WITH OUR MONEY!!!!
GVRP SHOULD NOT BE ALLOWED TO CREATE PHANTOM SHARES
TO COVER SHORT POSITIONS FOR THEMSELVES AND THE BROKERS
WHO SOLD YOU THE STOCK.


Send what documents and your perspective of events to:

Taylor & McNew
phone: (302) 655-9200
fax: (302) 655-9361

Email
Jonathan Taylor: taylor@taylormcnew.com



 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
http://www.investorshub.com/boards/read_msg.asp?message_id=6755055
quote:
Posted by: M0NEYMADE
In reply to: Rocket Blasters who wrote msg# 1578
Date:6/22/2005 12:37:22 PM
Post #of 1589

*******NEW ATTORNEY CONTACT**********


THIS TIME YOU HAVE LESS THAN 2WEEKS TO DEMAND ACTION OR GVRP/BROKERAGES/SEC/NASD/DTC
ALL WALK AWAY...FREE WITH OUR MONEY!!!!
GVRP SHOULD NOT BE ALLOWED TO CREATE PHANTOM SHARES
TO COVER SHORT POSITIONS FOR THEMSELVES AND THE BROKERS
WHO SOLD YOU THE STOCK.


Send what documents and your perspective of events to:

Taylor & McNew
phone: (302) 655-9200
fax: (302) 655-9361

Email
Jonathan Taylor: taylor@taylormcnew.com



LOL! Good luck.
 
Posted by H2NRG on :
 
Looks like we're gonna get our shares, but will they be worth anything???

http://www.investorshub.com/boards/read_msg.asp?message_id=6755459
quote:
Posted by: Rocket Blasters
In reply to: Art2Gecko who wrote msg# 65290
Date:6/22/2005 1:01:52 PM
Post #of 65296

TA got instructions from Gluv Corp to issue shares as per conversation with Kirt at TA


 
Posted by Trader88 on :
 
quote:
Originally posted by H2NRG:
Looks like we're gonna get our shares, but will they be worth anything???

[/QUOTE]

No. Who wants to buy them when everyone knows a r/s is coming putting everyone into oblivion? You will only get money if you sold already.
 
Posted by pcloadletter on :
 
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/t/007928/p/128.html


From: Art Gecko
Sent: June 20, 2005
To: rule-comments@sec.gov
Subject: File No. 4-500



REFERENCE:

SEC File No. 4-500.
Request for Rulemaking Regarding Member Records of "Short"
Positions and Reporting and Public Dissemination of Aggregate
Positions by Security

GVRP - What's up?!

****** - Explanation of the situation in depth >> http://www.tgllive.com/gvrp.htm *******

A large reverse split followed by a large forward split is not uncommon to reduce shareholders, paying off those that hold fractional shares in cash.

The reverse split is followed immediately by the forward split, Now GVRP:

*******05/21/05 the OTCBB.com site is down for maintenace this weekend, the links below will be active when they're back online again*******

Here's the scenario,
GVRP attempted such a tactic and goofed up, the timeline between the RS/FS is over a week apart.
The plan seemed to be to spin off Homeland Productions Inc:
http://www.otcbb.com/asp/dividend.asp?sym_id=GLVP&dDate=05/09/2005&sDateType=Record_date

Then apply a 1 - 6,500,000 reverse split: http://www.otcbb.com/asp/dividend.asp?sym_id=GLVP&dDate=05/12/2005&sDateType=ex_date , to eliminate all current shareholders, paying off the fractional shares next to nothing,

Then forward splitting the shares 3,000,000-1 over a week later http://www.otcbb.com/asp/dividend.asp?sym_id=GVRP&dDate=05/23/2005&sDateType=ex_date

And perform a merger and name change: http://biz.yahoo.com/bw/050517/175743.html?.v=1

Once the reverse split was performed, the box in level2 stayed blank, no MM's since early morning 05/17/05. An MM showed up EFGI on the offer, selling the shares $3.50 to start, WAAAY before Ex-Date 05/23/05. Then shortly later a PR came out stating it has finalized a Merger Agreement with DigiKidz Holdings, Inc, and has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.

Well, it appears the company jumped the gun, thinking they had already forward split the shares and had begun a news release and dump campaign. They sold a total of 34,853 shares, shares that have due bills attached entitling the buyer to the Ex-Date forward split!

GVRP open high low close change volume 05/17/05 3.50 4.75 2.90 3.75 +0.25 34,853
05/16/05 0.00 3.50 3.50 3.50 +0.00 0
05/13/05 0.00 3.50 3.50 3.50 +3.50 0


Now the company will have billions of shares out beginning Monday 05/23/05, just from the shares sold on 05/17/05 alone. They have a mess at hand, calls made confirmed the forward split has not been performed yet, calls to transfer agent showed there was 3 shareholders at the beginning of the day. Shares were sold, and the buyers are having a really fun time, if nothing else, it's worth the entertainment value. Many have bought their admission ticket and having a ball!

(thanks steve! http://www.investorshub.com/boards/read_msg.asp?message_id=6380160 )

A few Terms:

ex-date
Definition 1

For stock splits, the date that the share price changes to reflect the split.

Definition 2

For dividends, the first day of the ex-dividend period. The ex-date was created to allow all pending transactions to be completed before the record date. If an investor does not own the stock before the ex-date, he or she will be ineligible for the dividend payout. Further, for all pending transactions that have not been completed by the ex-date, the exchanges automatically reduce the price of the stock by the amount of the dividend. This is done because a dividend payout automatically reduces the value of the company (it comes from the company's cash reserves), and the investor would have to absorb that reduction in value (because neither the buyer nor the seller are eligible for the dividend). also called ex-dividend date.
http://www.investorwords.com/1817/ex_date.html

record date
Date, set by the issuing in order to be eligible to receive a declared dividend or capital gains distribution. The date is also used by the NASD to set the ex-dividend date. also called date of record.
http://www.investorwords.com/4095/record_date.html

payment date
The date on which a dividend, mutual fund distribution, or bond interest payment is made or scheduled to be made. also called distribution date.
http://www.investorwords.com/3635/payment_date.html

Due Bills
A printed statement serving as evidence of the transfer of a security from the seller to the buyer. The statement details the breakdown of the amount owed by the buyer to the seller, such as security cost, dividends, interest, and any other charges.
http://www.investorwords.com/5528/due_bill.html

Rules from the NASD http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_003997.pdf

**************UPDATE****************

Posted by: Jim Bishop
In reply to: Wayne R who wrote msg# 43999 Date:5/18/2005 10:57:33 AM
Post #of 44439

Wayne I just talked to both Brendy and Lorraine at Interwest Transfer. I've confirmed that post R/S but before F/S there's 11 shares outstanding.
http://www.investorshub.com/boards/read_msg.asp?message_id=6383861

Posted by: Jim Bishop
In reply to: Art2Gecko who wrote msg# 44396 Date:5/18/2005 11:01:34 AM
Post #of 44443

GVRP Okay here's the deal.

Brendy at Interwest told me there were 33 million shares out as of close yesterday. She could not tell me how many of those are restricted. She said that is post R/S but she didn't seem to know about any F/S.

I said, that makes no sense. If that is before the F/S and there is a 3 million to 1 F/S coming Monday, that means there will be 99 TRILLION shares out Monday morning...how many do they have authorized. That's when she passed me on to Lorraine.
http://www.investorshub.com/boards/read_msg.asp?message_id=6383966

Posted by: Jim Bishop
In reply to: Jim Bishop who wrote msg# 44403 Date:5/18/2005 11:04:15 AM
Post #of 44445

GVRP conversation with Lorraine at Interwest.

Lorraine confirms there are 33 million outstanding today. To make long story short, they adjusted their system for the 3 million F/S last Friday the 13th which is record date.


I told her that is wrong, that the F/S doesn't actually take effect until Ex Div date and NASD has set that date as May 23rd, Monday. She said, "that's not how we do it".


LOL I said, well that's how NASD does it and anyone selling those shares before Ex date, sells the split shares too.


http://www.investorshub.com/boards/read_msg.asp?message_id=6384026

Posted by: Jim Bishop
In reply to: Wayne R who wrote msg# 44511 Date:5/18/2005 12:21:14 PM
Post #of 44525


EVERYONE! I'm saying this once for now then I gotta get moving.

Brian at NASD Customer Complaints just called back after confirming with Nasdaq that GVRP ex dividend date it May 23 and it is trading Due Bills redeemable and yes....if I own it Monday morning I will be owed 3 million shares for every one share I own and they are due to be paid to me on or before the Due bills date of May 25th.

Nasdaq agrees.

LOL Brian adds, "good luck Jim, I just hope that paper is worth something"
http://www.investorshub.com/boards/read_msg.asp?message_id=6385602
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6756704
quote:
Posted by: Susie924
In reply to: Mr. Bill who wrote msg# 65343
Date:6/22/2005 2:20:05 PM
Post #of 65357

I just got off the phone with the guy (who sounded so nice last week) at the SEC that I spoke to the other day.

He wasn't nearly as friendly today.

At first he said he hadn't seen last night's PR but then he said he had glanced at it.

In a nutshell, he pretty much said that they could do what they were doing but wouldn't explain much more than that. When I said that it was criminal for the person or persons who sold us the shares to be able to walk away with that money and that probably we would end up with nothing, he said I was speculating.

I said that even though the "official" suspension was over, the brokers are refusing to accept trades so it was still suspended as far as I was concerned. I also said that the company expects to do a reverse split in about 2 weeks and that if the brokers won't let us trade the stock in those 2 weeks than we would all end up with pretty much nothing. I think he said I was speculating again.

I think he also did say that the investigation may not be over. That was the only promising thing that I got from the conversation.

Disclaimer: I didn't write anything down so all of the above is from memory and my short term memory is lacking these days!


 
Posted by Rebel_Yell on :
 
DJ IN THE MONEY: Gluv Hits The Printing Press To Clean Up Mess

By Carol S. Remond
A Dow Jones Newswires Column

NEW YORK (Dow Jones)--Perhaps perfectly illustrating the Wild West
aspect of the Over-the-Counter-Bulletin Board market where the shares of
tiny public companies trade, Gluv Corp (GVRP) said it will issue 414
billion shares to help clean up billions of unsettled trades.

What Gluv, a small company that recently changed its name to Media
Magic Inc., didn't say is whether its fantastic stock issuance plan has
been endorsed by securities regulators who are looking into recent
unusual events related to trading in the company's shares.

Trading in Gluv stock was temporarily suspended by the Securities and
Exchange Commission in late May after billions of shares of the company
were improperly traded. Gluv shares are now free to trade, but warnings
by securities regulators have reduced trading to a trickle amid
continued questions about the validity of some or all of the billions of
shares traded in the week preceding the SEC trading suspension.

Gluv shares last traded on June 15 at $0.0001 giving this shell
company with no assets a $900 million market capitalization. Stock price
aside, the stakes are high for securities firms that traded billions of
shares before the SEC halt and are left unable to settle their
positions. The NASD, which regulates these firms, took the very unusual
step earlier this month, to ask the SEC on behalf of the firms, to waive
net capital requirements. The SEC granted NASD's request, practically
giving brokerage and clearing firms a pass on a requirement to maintain
a certain level of capital relative to trading positions. The SEC and
the NASD declined to comment on the matter. But market observers said
that NASD's request was a sure sign of the risk of failure by some firms
saddled with monstrous positions in Gluv stock.

A spokesman for the SEC declined to comment on Gluv's latest stock
issuance plan. Steve Dreyer, a lawyer for Gluv, said he advised the SEC
of the company's plan.

Gluv is fairly typical of the companies with little or no revenues
that trade in the loosely regulated OTCBB market. The West Palm Beach,
Fla.-company recently attempted to reincarnate itself as a multimedia
services company through a reverse merger with DigiKidz Holdings Inc. In
order to complete the transaction, Gluv completed a 6.5 million-for-1
reverse stock split on May 12 that resulted in a shell company with 11
shares. A week later, Gluv said it would conduct a 3 million-for-1
forward stock split that would bring the shares outstanding to 33
million shares. None of these 33 million shares were supposed to trade
before Monday May 23.

But somehow one of the 11 shares, the only one that was free trading
under a state exemption to federal registration requirements, was
converted into 3
million new free trading shares early and some of their owners started
selling stock that was not supposed to be trading.

According to Gluv's most recent press release, 138,000 shares were
sold into the market "on or shortly after the May 13 record date of the
stock dividend, (resulting) in significant confusion among various
brokerage firms and their customers as to whether a 3,000,000 share
stock dividend was attached to each of those 138,000 shares as a 'due
bill' requiring the delivery of more than 418 billion on the May 20
payment date of the stock dividend."

Gluv's lawyer Dreyer said the company would not be required to
register the 414 billion new shares it plans to issue because these
shares "are attached to the 138,000" free trading shares sold into the
market which themselves were exempt from registration requirement.

But some securities lawyers said that the SEC was likely to frown upon
Gluv's use of a state registration exemption to issue free trading
stock.

"This doesn't pass the smell test," said Steve Nelson, a lawyer whose
clients include the Pink Sheets LLC. Nelson said that a state exemption
related to a private placement to accredited investors is unlikely to
hold in the face of a large distribution of stock to the market place.

"This stock issuance is problematic under law," said Martin Kaplan of
law firm Gusrae, Kaplan, Bruno & Nusbaum. "If they (the company) can do
this, they can do anything."

Gluv said in its press release that in about two weeks, after all
trades are settled, the company will revert its share structure to its
original plan. Lawyer Dreyer said that the 9 trillion shares currently
outstanding would be reverted to 3 million free trading shares. Also
outstanding will be 77 million restricted shares.

(Carol S. Remond is an award-winning columnist and one of four who
write the "In The Money" feature.)

-By Carol S. Remond; Dow Jones Newswires; 201 938 2074;
carol.remond@dowjones.com

(END) Dow Jones Newswires
 
Posted by Purl Gurl on :
 
Dang! If this entertainment ain't worth my $250
buy of GVRP!

Glassyboy, you having fun putting the screws
to Wall Street? I am loving this! History making
headaches for Market Makers, brokers, SEC, NASD,
all of Wall Street!

I love it! I love it! How sweet the taste of revenge.
 
Posted by keithsan on :
 
nutshell:

"This stock issuance is problematic under law," said Martin Kaplan of
law firm Gusrae, Kaplan, Bruno & Nusbaum. "If they (the company) can do
this, they can do anything."

first column i liked, still some errors, but it'll do.
 
Posted by glassman on :
 
yes it has been "interesting" in a chinese sort of way.....but i still want my money [Big Grin]

i think that if they do deliver these shares we have no choice but to file a class-action....

has anybody called 60 minutes or 20/20? i really don't want to be on TV myself.....
 
Posted by BuyTex on :
 
definitely Ms Carol's best GLUV column so far...deserves one of your schplasty! Gold Stars, Belle...
 
Posted by keithsan on :
 
quote:
Originally posted by glassman:
yes it has been "interesting" in a chinese sort of way.....but i still want my money [Big Grin]

i think that if they do deliver these shares we have no choice but to file a class-action....

has anybody called 60 minutes or 20/20? i really don't want to be on TV myself.....

I haven't done them but i hit all the fox/cnn new people with an article etc...even trying to get oreily to bite.
 
Posted by BuyTex on :
 
Part of the Chinese aspect that I love/hate about this thing...

no one of "authority" can say anything...wtf is that?

btw, NASD person I deal with says "don't know" whether NASD *would* comment--specifically, revise the "Special Notice--if DTC informs them they have received shares. Says to contact the person named on the Special Notice. Will find it if nobody posts it before then...

Important imo, because even if the wet-ink counterfeit shares somehow MagicallyMedially appear at DTC, without go-ahead from NASD brokers will take position that there's "too much risk for our precious investors."
 
Posted by cruz on :
 
i nominate purl gurl for the tv spot.

quote:
Originally posted by glassman:
yes it has been "interesting" in a chinese sort of way.....but i still want my money [Big Grin]

i think that if they do deliver these shares we have no choice but to file a class-action....

has anybody called 60 minutes or 20/20? i really don't want to be on TV myself.....


 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
i nominate purl gurl for the tv spot.

quote:
Originally posted by glassman:
yes it has been "interesting" in a chinese sort of way.....but i still want my money [Big Grin]

i think that if they do deliver these shares we have no choice but to file a class-action....

has anybody called 60 minutes or 20/20? i really don't want to be on TV myself.....


i don't know, viewers might be distracted and not pay attention to her point....
 
Posted by BuyTex on :
 
OK--I'll do it! Rich *and* FAMOUS? hailll yeah...they can interview me in the cedar breaks...bet they never seen a cedar hacker...
 
Posted by Raptorsrule on :
 
Hell...I'll do it...I'm a good lookin' smooth talkin SOB.....LOL....

Bring em' on..... [Smile]
 
Posted by Trader88 on :
 
Hey, they put that stupid Jennifer Willbanks and her husband on TV, even gave them a friggin book deal!

That ain't news; this is.
 
Posted by BuyTex on :
 
true
 
Posted by Purl Gurl on :
 
"i nominate purl gurl for the tv spot."

Nudity is not allowed on public television.
 
Posted by cruz on :
 
there's an idea. we can still make money in this after all guys - a book deal.

quote:
Originally posted by Trader88:
Hey, they put that stupid Jennifer Willbanks and her husband on TV, even gave them a friggin book deal!

That ain't news; this is.


 
Posted by cruz on :
 
purl - i think your picture got cut off at the bottom. please repost. [Smile]
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
there's an idea. we can still make money in this after all guys - a book deal.

quote:
Originally posted by Trader88:
Hey, they put that stupid Jennifer Willbanks and her husband on TV, even gave them a friggin book deal!

That ain't news; this is.


Sorry, you only get a book deal if you lie to the cops. Maybe Robert Pearce could get the book deal.
 
Posted by George on :
 
quote:
Originally posted by cruz:
purl - i think your picture got cut off at the bottom. please repost. [Smile]

She is busy washing my cars and watching me eat burgers...
 
Posted by glassman on :
 
i know who that is, and that aint PG....i wanna know how Purl Gurl got that picture off MY secure hard-drive....
 
Posted by Purl Gurl on :
 
This is an exceptionally important case. This does
put to the test rules and regulations in place.

In a nutshell, GLUV announced forward split shares,
then "state" registered more shares to cover. GLUV
profits by the amount of the original sells, and
it costs them nothing to cover for spilt shares.

A "state" registering of additional shares is
exempt from SEC rules.

You and I could do the same with an empty shell,
and doing this is very tempting, except we would
have to violate our personal ethics; we would
be knowingly ripping off the public.

We buy Rock N Roll Corporation through an agreement
to issue a million shares to the seller. We then
issue news we intend to acquire brothels over in
Nevada. Next news is announcement of a million
for one forward split. People buy our shares like
crazy. Then we "state" register shares to cover
for the forward splits.

Our profit is the total sum of what investors
paid to buy shares with due bills attached.

Final act to simply to do nothing, to fade away
into an empty paper shell company again.

Reads to be unlawful. It is not. Perfectly legal.

That is what GLUV is intent on doing.

Should the SEC allow this, they will create case
precedence validating future acts like this. With
validation, there is nothing to stop anyone from
using that scheme to profit.

I would expect lawsuits to arise. However, Cox
has made it virtually impossible to sue. Adding
to that, SEC case precedence could be cited as
partial defense of actions.

I think people could get away with this.
 
Posted by BuyTex on :
 
apparently, Roberta has taken a leap in self-direction...
 
Posted by Purl Gurl on :
 
Glassyboy, you downloaded those nude pictures
of me from my secret "Nude Kira" web page.
You took them from MY hard drive.
 
Posted by BuyTex on :
 
spy vs spy!
 
Posted by glassman on :
 
roberta sent them to me when you weren't looking...

she's nische to me.....
i guess we've been busted....
 
Posted by H2NRG on :
 
Interesting to see if stock_rancher is correct here...
http://www.investorshub.com/boards/read_msg.asp?message_id=6750027
quote:
Posted by: stock_rancher
In reply to: Mr. Bill who wrote msg# 65105
Date:6/22/2005 2:00:50 AM
Post #of 65563

Mr. Bill,
I believe the tender offer is about to go down in the open market. The way the PR reads, "sell within 2 weeks or loose it all in the r/s". We are getting our shares and will be able to sell @ a minnimum of .0001. If that's the case, I could care less about who profited from where........ including the insider. We all get our cash and are liquidated from GVRP and Media Magic continues as a company. If I get my shares and settle at .0001, I win! Let the experts hash out the rest.

Good night All!


 
Posted by cruz on :
 
any opinions on this guys? i think i am going to put a sell order in for 0.0001. then again if a r/s is coming, who is going to buy? maybe people who don't know what's going on and would see the surge of volume and jump in?

quote:
Originally posted by H2NRG:
Interesting to see if stock_rancher is correct here...
http://www.investorshub.com/boards/read_msg.asp?message_id=6750027
quote:
Posted by: stock_rancher
In reply to: Mr. Bill who wrote msg# 65105
Date:6/22/2005 2:00:50 AM
Post #of 65563

Mr. Bill,
I believe the tender offer is about to go down in the open market. The way the PR reads, "sell within 2 weeks or loose it all in the r/s". We are getting our shares and will be able to sell @ a minnimum of .0001. If that's the case, I could care less about who profited from where........ including the insider. We all get our cash and are liquidated from GVRP and Media Magic continues as a company. If I get my shares and settle at .0001, I win! Let the experts hash out the rest.

Good night All!



 
Posted by H2NRG on :
 
quote:
Originally posted by cruz:
any opinions on this guys? i think i am going to put a sell order in for 0.0001. then again if a r/s is coming, who is going to buy? maybe people who don't know what's going on and would see the surge of volume and jump in?

quote:
Originally posted by H2NRG:
Interesting to see if stock_rancher is correct here...
http://www.investorshub.com/boards/read_msg.asp?message_id=6750027
quote:
Posted by: stock_rancher
In reply to: Mr. Bill who wrote msg# 65105
Date:6/22/2005 2:00:50 AM
Post #of 65563

Mr. Bill,
I believe the tender offer is about to go down in the open market. The way the PR reads, "sell within 2 weeks or loose it all in the r/s". We are getting our shares and will be able to sell @ a minnimum of .0001. If that's the case, I could care less about who profited from where........ including the insider. We all get our cash and are liquidated from GVRP and Media Magic continues as a company. If I get my shares and settle at .0001, I win! Let the experts hash out the rest.

Good night All!



I'm wondering if there is still unannounced info coming. Based on Susie's conversation with NASD (noted in an earlier post), I wonder if there is merit to this concept of a settlement coming...

"When I said that it was criminal for the person or persons who sold us the shares to be able to walk away with that money and that probably we would end up with nothing, he said I was speculating."

"I also said that the company expects to do a reverse split in about 2 weeks and that if the brokers won't let us trade the stock in those 2 weeks than we would all end up with pretty much nothing. I think he said I was speculating again."

 
Posted by Trader88 on :
 
Forced buy-in? Maybe they left that part out of the release.
 
Posted by Purl Gurl on :
 
I've been reading that recent GLUV news release,
again, and again, trying to discern their base
logic behind the release, noting logic is quite
different from intent.

Appears their logic is,

"We are giving share holders a chance to trade
for two weeks. They can sell and retrieve their
money initially spent."

Their intent is clearly for insiders at GLUV to
keep money they received from short sells, and
possibly profit from new issue share selling.

In reality, they are trying to fool both the public
and regulatory bodies into believing a shift of
money into different hands thwarts loss of money.
Truth is, those of us who sell, are transferring
our losses to others, for our profit, their loss;
passing the bag.

We of the public, know better.

However, I do tend to think regulatory bodies
will believe this being both corrupt and ignorant.
Some at the SEC will view this as an easy out,
others at the SEC are so ignorant they cannot
recognize this scam in play.

Most interesting, an attorney is advising GLUV
on these actions they are taking.

Deja Vu, Christopher Cox and First Pension Fund.

This logic of GLUV is absolutely childish and
they just might get away with this.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6767379

quote:
Posted by: uwm135
In reply to: None
Date:6/23/2005 11:53:57 AM
Post #of 65744

CORRECTED POST: I spoke with the SEC. I must say it is a nightmare trying to get any kind of information out of them. There defently not out to protect investors.

I spoke with a gentleman named Jim Investors Relations and One of my question was. Can the company GVRP print shares to cover the mess made by an insider selling stock prematurely. He went to say the SEC does not comment on companies.

The I went to say can a company if they made a short themselfs print shares to cover their short.

He then went to say. A COMPANY CAN ISSUE SHARES AS LONG AS THEY MAKE IT PUBLIC MEANING PUT IT IN A PR FOR THE PEOPLE. I was shocked to hear that.

Any comments on this matter would be greatly apriciated.

Frank


 
Posted by Trader88 on :
 
"A COMPANY CAN ISSUE SHARES AS LONG AS THEY MAKE IT PUBLIC MEANING PUT IT IN A PR FOR THE PEOPLE."

I guess it is over. I knew they were going to be allowed to do this.
 
Posted by DENSKIJR on :
 
Trader

who do you use again ameritrade???? did they let you take your money out???

thanks
dennis
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
"A COMPANY CAN ISSUE SHARES AS LONG AS THEY MAKE IT PUBLIC MEANING PUT IT IN A PR FOR THE PEOPLE."

I guess it is over. I knew they were going to be allowed to do this.

that is an untrue statement taken from a poster at another board. If you want a true statement check with the lawyers in Carols column.

remember, anyone can write or say anything.
 
Posted by Trader88 on :
 
quote:
Originally posted by DENSKIJR:
Trader

who do you use again ameritrade???? did they let you take your money out???

thanks
dennis

Not releasing funds until shares are delivered. According to the company, that will happen soon, so I expect at that point my trade will settle and at least I will get about 10 grand out of this.
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by Trader88:
"A COMPANY CAN ISSUE SHARES AS LONG AS THEY MAKE IT PUBLIC MEANING PUT IT IN A PR FOR THE PEOPLE."

I guess it is over. I knew they were going to be allowed to do this.

that is an untrue statement taken from a poster at another board. If you want a true statement check with the lawyers in Carols column.

remember, anyone can write or say anything.

True, they can write or say anything, but why is almost everyone saying the same thing? No conversations posted that I am aware of have the SEC watching our back. NONE. I even talked to one personally, and he was completely clueless.
 
Posted by Trader88 on :
 
There's nothing else they can think of to do, so they will go forward with this plan. Breaks all the rules, yes, but obviously they dont give a F. Rules are meant for breaking, I guess.
 
Posted by keithsan on :
 
yes some SEC guys are cluelesss, as are brokerages are. The lawyers know the rules. Not saying it'll work out in our favor. Just waiting.
 
Posted by DENSKIJR on :
 
I am in the same situation the only thing Im not sure of is this paragraph

-- the shareholders who sold shares into the market after the
declaration of the stock dividend have accepted an offer from
the company to exchange each of their shares of common stock
for 3,000,000 shares of Class A common stock, thereby
injecting into the market the 414 billion shares of stock
necessary to settle out all of the buy and sell transactions
that started with the sale of those 138,000 shares;

So do you read this to say that this will settle the shares that were sold or that they are going to exchange even the sold shares for new Class A shares and we will be stuck like everyone else?????
 
Posted by H2NRG on :
 
I tried calling Kosha Dalal at NASD again about a half hour ago, and left her another voice mail. Interesting--I hadn't caught before from her message that she is in the Office of General Counsel at NASD.

Kosha Dalal at NASD: (202) 728-6903

Maybe others could leave her messages to call, also.
 
Posted by Trader88 on :
 
Settled means exactly that, settled. Means you get to keep whatever you sold for. The trade is made good.
 
Posted by keithsan on :
 
DENSKI

right now that paragraph doesn't apply. becuase company is screwed.

us shareholders are also screwed per se. and my sollution (insurnace company buybaback or tender offer) doesn't apply yet either.

This pr. by them most likely not be allowed by the SEC as it is completely against the rules, laws and current methods. Would create Chaos etc...
 
Posted by DENSKIJR on :
 
right now that paragraph doesn't apply. becuase company is screwed.

Well thats what I thought as well It didn't seem like there was anyway in Heck that the SEC would allow what they are proposeing but it seems like the SEC is makeing this the presedent and they are going to allow them that. JMO I agree it sucks and is not right I just dont see them trying to protect the share holders. IMO

OT hows the wife doing hope shes feeling good mine is a little emotional Ha (the Ha is for the word little) anyway hope you having a great day

dennis
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
DENSKI

right now that paragraph doesn't apply. becuase company is screwed.

us shareholders are also screwed per se. and my sollution (insurnace company buybaback or tender offer) doesn't apply yet either.

This pr. by them most likely not be allowed by the SEC as it is completely against the rules, laws and current methods. Would create Chaos etc...

We'll find out soon enough, if the shares actually get delivered then I guess it's going through. Unfortunately, I think the regulators are going to look the other way. Will set a bad precedent for sure though, every company and their brother is going to try this scam. Opens pandoras box for sure.

I guess the message will be: Look out for forward and reverse splits!
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6769958
quote:
Posted by: stock_rancher
In reply to: Rocket Blasters who wrote msg# 65821
Date:6/23/2005 2:14:58 PM
Post #of 65834

Interwest Update:

Kurt, " Said the shares have been authorized and are being issued over the next 24 to 48 hrs. those that have not recieved the shares will get them if they were not SHORT!"

stock_rancher, " Does this mean there will be covering of the shares and there will be a market to sell these shares prior to the reverse split?"

Kurt, "That is a broker function and I can not answer that"

stock_rancher, " I'm glad I'm getting my split-shares, however, is the company going to issue a press release saying it's OK to trade now?"

Kurt, "I have no idea"

stock_rancher, " I would hate to have the market not allow trading and I get reversed out"

Kurt, "Yes, there is a reverse split coming"

stock_rancher, " I know the company has said the insider sold 135k shares prior to the forward split, however there was far more than that amount traded. I know for a fact that NITE was on the other side of my trade, could they be short?"
stock_rancher, "Thank You for your time"

Kurt, "I have no idea, that is a broker function"

stock_rancher, "Thank You for your time."

Kurt, "Have a nice day"

CLICK!


 
Posted by Trader88 on :
 
That's interesting "if they were not short"
 
Posted by DENSKIJR on :
 
Trader,

dont miss this point

"those that have not recieved" the shares will get them if they were not SHORT!"


We got are shares and they were posted in our acccounts.
 
Posted by Trader88 on :
 
The only person short I am aware of was the a hole who originally sold the 138,000 shares with due bills attached.
 
Posted by Trader88 on :
 
Pretty amazing to me that the SEC hasn't at least put out comment on the News from Gluv. I was expecting that yesterday or today. I guess since they're doing nothing and letting the company do what it wants, there would be no need to comment.

Expect this same situation to happen again and again with shells in the future. Game on, and apparently approved.
 
Posted by BuyTex on :
 
Trader, from brokers to NASD spokespeeps: this is under investigation by SEC. SEC issues no pr, no nothing re *any* ongoing invesitgation.

NASD tells me over the phone to get to an opinion re legality of GLUV's latest ploy from an attorney...

We should hire, as a group, a securities-versed attorney who can counsel. NOT saying a "class-action lawsuit," simply pay the one-to-two hours' fee necessary to read our best group brief, then do research, then render an opinion.

Actually? We as a group (board?) should keep a sharp, well-versed attorney on retainer...say, 2% of profits from all trades ...??? or some other reasonable schemata...
 
Posted by Raptorsrule on :
 
I'm in.....say the word
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
I'm in.....say the word

there's one...
 
Posted by Purl Gurl on :
 
Sent this email.

to: enforcement@sec.gov
to: chairmanoffice@sec.gov

EMAIL:
-------

You, the reader, are well aware of actions taken by
GLUV Corporation trading as ticker symbol GVRP.

GLUV issued news of a forward split, sold to buyers
on that news, have "state registered" new shares
to cover the forward split, and have announced
a reverse split to remove public shareholders.

We, a group of investors, estimate GLUV will
clear between one-half-million to one-million
dollars in profits, recycling a shell company.

Our investor group is awaiting a decision or
no decision by your SEC on the GLUV affair.

You should take no action, this will be SEC
sanctioning of recycling shell companies as
GLUV Corporation is doing.

Our investor group is currently moving
ahead with plans to purchase empty shell
companies once a quarter. Easy to do with
an agreement to issue shares in the new
company to the seller, perhaps toss in an
small amount of money, maybe fifty-thousand
dollars to sweeten the deal.

We will then proceed to announce news we are
looking for viable investments, but nothing
specific as of date. We will also announce
a generous foward split, like one million
shares for one share to prompt buying. Once
shares are sold, we will "state register"
new shares to cover, then reverse split out
all public buyers.

Our estimate is we can clear one-million to
three-million dollars per quarter, with a
goal of a net profit of eight-million dollars
per year, simply recycling shell companies
just as GLUV is doing.

We urge you at the SEC to take no action on
this GLUV affair. Your lack of action will
sanction and set case precedence our plans
are legal and approved by the SEC.

Please consider our request to take no action.

Regards,

Bozo The Clown
 
Posted by BuyTex on :
 
good
 
Posted by Purl Gurl on :
 
oopppss... old copy. New copy has been proof read
and corrected before mailing.

"You should take no action,"

"Should you take no action,"

A proof read copy is available at the IH gvrp board.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Purl Gurl:
Sent this email.

to: enforcement@sec.gov
to: chairmanoffice@sec.gov

EMAIL:
-------

You, the reader, are well aware of actions taken by
GLUV Corporation trading as ticker symbol GVRP.

GLUV issued news of a forward split, sold to buyers
on that news, have "state registered" new shares
to cover the forward split, and have announced
a reverse split to remove public shareholders.

We, a group of investors, estimate GLUV will
clear between one-half-million to one-million
dollars in profits, recycling a shell company.

Our investor group is awaiting a decision or
no decision by your SEC on the GLUV affair.

You should take no action, this will be SEC
sanctioning of recycling shell companies as
GLUV Corporation is doing.

Our investor group is currently moving
ahead with plans to purchase empty shell
companies once a quarter. Easy to do with
an agreement to issue shares in the new
company to the seller, perhaps toss in an
small amount of money, maybe fifty-thousand
dollars to sweeten the deal.

We will then proceed to announce news we are
looking for viable investments, but nothing
specific as of date. We will also announce
a generous foward split, like one million
shares for one share to prompt buying. Once
shares are sold, we will "state register"
new shares to cover, then reverse split out
all public buyers.

Our estimate is we can clear one-million to
three-million dollars per quarter, with a
goal of a net profit of eight-million dollars
per year, simply recycling shell companies
just as GLUV is doing.

We urge you at the SEC to take no action on
this GLUV affair. Your lack of action will
sanction and set case precedence our plans
are legal and approved by the SEC.

Please consider our request to take no action.

Regards,

Bozo The Clown

Purl.......DAMN nice.
 
Posted by Purl Gurl on :
 
You are too fast! You grabbed an unedited copy!

Ah what the heck.
 
Posted by BuyTex on :
 
"you should take no action"

not entirely off the mark...


as per:

your lack of decision has spurred reconsideration of my previous position: please, take no action. I have now
a new plan

muuaaahahahaha
 
Posted by Raptorsrule on :
 
Alas.....PG.....you are only human....LOL
 
Posted by Purl Gurl on :
 
"you should take no action"

"not entirely off the mark..."

Clearly my fat fingers typed what was in my mind
as a general theme!

You get my drift, however. I did send that to
the SEC addresses, after editing grammar and
spelling errors.

I got a case of the can't help its!
 
Posted by Purl Gurl on :
 
"you are only human"

I am human! I AM HUMAN! In the name of God, I am
finally human!

* drools *
 
Posted by BuyTex on :
 
quote:
Originally posted by Raptorsrule:
I'm in.....say the word

Raptor, assuming your response was to this part of the post, yes?

"We should hire, as a group, a securities-versed attorney who can counsel. NOT saying a "class-action lawsuit," simply pay the one-to-two hours' fee necessary to read our best group brief, then do research, then render an opinion."
 
Posted by Raptorsrule on :
 
Tex....All....we have a case....with the right publicity...wow...

Tex...yes.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Raptorsrule:
Tex....All....we have a case....with the right publicity...wow...

Tex...yes.

And further...if it takes a class action..... so be it......patience is a virtue.
 
Posted by BuyTex on :
 
really, we should hire.

who's the best attorney we can hire for a 1 1/2 hour to 5 hour review + opinion?

opinions?
 
Posted by Raptorsrule on :
 
Let's hear those responses.....

gotta hit the sack.....later.
 
Posted by Purl Gurl on :
 
I write, in part,

"We urge you at the SEC to take no action on
this GLUV affair. Your lack of action will
sanction and set case precedence our plans
are legal and approved by the SEC."

Some thoughts on this.

I would expect litigation to arise from the scenario
described, as is being performed by GLUV. However,
demonstrable damages must _first_ be presented before
litigation will be accepted by a court.

Damages must be real and tangible. Thus far, there
are no damages to any; none have lost money, yet.

Claims of frozen accounts, missing out on profits,
all that, those are _not_ damages.

Should GLUV move ahead with their legally insane
plan, once completed and the public suffers real
losses, then litigation can be pursued.

This attorney advising GLUV, he is insane. He is
setting up GLUV for litigation, but only if they
proceed with their plan. Perhaps the attorney is
not completely insane, he may simply be applying
pressure through news releases. Nonetheless, for
an attorney to advise this type of action, does
strongly suggest he is truly stupid; he is
involving himself in what might be ruled unlawful.

In theory, what I describe is very possible. Should
the SEC take no action, one of many defense points
would be case precedence set by the SEC.

Nonetheless, I would not place myself in a position
of taking a chance on a scam like that. There is no
doubt, first go-around, buyers would be looking to
sue you every which way but loose.

There are those out there in the world, especially
MBA types, who will consider doing what GLUV has.
It would be of no surprise to witness a rash of
empty shell scams in the near future, if the SEC
does not squash this.

Who knows? The final outcome might be what GLUV
is doing, is perfectly legal.

That would be a serious problem.
 
Posted by Purl Gurl on :
 
"demonstrable"

A wonderful word!

Pronounced,

DEE MONSTER RAH BULL

I love funny words!
 
Posted by Rebel_Yell on :
 
Everything that I say in this post in IMO only!!!

GVRP has struck a deal with the MM's and brokers (AMTD) involved. These involved parties decided that the cheapest way out was what the company proposed in the latest PR. GVRP (the insider) will get to keep the proceeds from the early selling. The MM's and brokers will have the shares delivered to settle all trades so they will be off the hook. The only possible legal action will be against the company itself, which is not worth the litigation fees. If the SEC does get involved and punish the company it won't matter, the insiders have their money, Wall Street is off the hook, and the beat goes on.

I said in an earlier post that I thought that we might be a part of history here. I still believe that. We have had a chance to see some of the inner workings of the market when our eyes, if no one elses, were focused dead on them. Win or lose on this play everyone should have learned from it.

Today Trader88 is glad that he sold shares. I remember a post or two where he was worried about having to cover a short position, which very well could have been the case. (As far as I can tell there still is no way that the shares he sold can legally exist.)

After this play is finished don't forget the lessons learned here. Don't forget to use this as a proven example of NSS where the short was never covered.

Sorry that I got a little long winded.
 
Posted by Purl Gurl on :
 
"Sorry that I got a little long winded."

You must think me a week long hurricane!


"The only possible legal action will be against the
company itself, which is not worth the litigation
fees...."

That is so very true. Owning income properties,
it is extremely rare we sue those who owe back
rent. We have to hire an attorney, and we know
the deliquent tenant has no money. Why bother?
Better to just boot them and move on.

A reverse of your comments is equally true.

Classic example is IBZT, Ibiz stock which was
so "hot" here long ago. Shilling made millions
on scams. SEC fined him twenty-thousand for
one scam. Big deal. He walks away with millions.

Many CEO decisions to commit financial crime
are based on court costs versus net profit.
Most often, net profits are the greater.

Christopher Cox, an organized crime lieutenant
for George Bush, has made litigation so very
difficult and so very expensive, it is virtually
impossible to litigate against a company.

His legislation back in 1995 prompted Enron and
Worldcom, with their belief of protection. Did
not work out that way, but for every Enron there
are one-hundred companies getting away with crime
because none can afford to litigate, thanks to
Cox and Bush.

Yes, litigation costs are important, for both
sides of a court case.
 
Posted by keithsan on :
 
"The only possible legal action will be against the
company itself, which is not worth the litigation
fees...."


you also have TA, person who sold, the insurance companies of all of these people. If ameritrade or otherbrokerages NITE EFGI sold short we can make a claim with their insurance companies too.

Too early yet though.
 
Posted by <scott> on :
 
so reading the press release at

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050621006065&newsLang=en

it would seem that have already gotten approval to print and inject x trillion shares - the release was 21st, and it states from "today" so 21 + 2 weeks....

has anyone recieved any shares yet?

(scottrade - none recieved)
 
Posted by rrttd on :
 
my scottrade doesnt show mine
 
Posted by keithsan on :
 
quote:
Originally posted by <scott>:
so reading the press release at

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050621006065&newsLang=en

it would seem that have already gotten approval to print and inject x trillion shares - the release was 21st, and it states from "today" so 21 + 2 weeks....

has anyone recieved any shares yet?

(scottrade - none recieved)

No approval yet, they filed
 
Posted by H2NRG on :
 
6/21 amendment up now...
http://www.sunbiz.org/COR/2005/0624/H0151754.Tif
 
Posted by H2NRG on :
 
quote:
Originally posted by H2NRG:
6/21 amendment up now...
http://www.sunbiz.org/COR/2005/0624/H0151754.Tif

If you cannot read a multipage tif file, here are the seven pages as jpegs...

http://www.yourimagelink.com/uploads/575efabc69.jpg
http://www.yourimagelink.com/uploads/8ed160f317.jpg
http://www.yourimagelink.com/uploads/73f3b4e4fd.jpg
http://www.yourimagelink.com/uploads/0aa5629ecf.jpg
http://www.yourimagelink.com/uploads/ea93d3a72d.jpg
http://www.yourimagelink.com/uploads/8ed2415f2b.jpg
http://www.yourimagelink.com/uploads/27b99d269e.jpg
 
Posted by Raptorsrule on :
 
I'd say they have every intention of pulling this off......
 
Posted by Purl Gurl on :
 
Pearce again falsified a document. No shareholder
vote was taken.

Interesting there is so much emphasis on shareholder
voting rights.

Over nine-trillion shares!

Yep, they intend to keep profits from selling those
phony forward split shares, then reverse split out
all public share holders.
 
Posted by dishgal1 on :
 
Atrade is taking sell orders.....hope it isn't a trap.
 
Posted by Purl Gurl on :
 
No trading showing up on my livefeed, Dishgal.

I will post if trades show.
 
Posted by pcloadletter on :
 
Anyone taknig buy orders?
 
Posted by dishgal1 on :
 
No trades showing....they are just letting us place orders
 
Posted by Trader88 on :
 
Yes, they sure are letting sell orders go through, first time in weeks. I'm going to find out if they have the f/s shares now.

If they do, I want my money dammit!
 
Posted by pcloadletter on :
 
An ihubber put in a buy at market for 1,000,000 not filled yet
 
Posted by dishgal1 on :
 
"We can place em but they taint going to step up and buy em"...........they are helping the poor little company I guess......

The company's view on this is very simple. "Our insider screwed up....the present shareholders aren't really the shareholders because the company just made a simple mistake." They don't view us a legit shareholders and that behavior is being condoned, so the company gets a do over. Very nice indeed.

We are just an afterthought that has to be cleaned up. Watch, they will not let this stock trade until the R/S.....Everyone will see to that. Sure a lot of back scratching going on. Shareholders make mistakes then tough chit, companies make mistakes they get do overs. Unbelievable.
 
Posted by Trader88 on :
 
Theres absolutely no reason someones buy order at market, or sell order for that matter, should not go through. THAT IS MARKET MANIPULATION. If this POS is not trading on Monday, I'm going to get angry. You wouldn't like me when I'm angry....
 
Posted by dishgal1 on :
 
Restrictions have been lifted at Ameritrade as per Raptor....just got off the phone.
 
Posted by Raptorsrule on :
 
Confirmed....all restrictions are lifted and I just increased my position in a long of mine with GVRP proceeds. My sell from prior to the halt has settled.

Now....someone buy the rest of my GVRP!
 
Posted by pcloadletter on :
 
From IHub:

You guys will NEVER BELIEVE the response I just got from Ameritrade, I asked them if GVRP shares had been delivered, here's the response, LOL!!!!!!! They have no clue whatsoever.

Thank you for contacting us this afternoon regarding GVRP.

It will be necessary to contact cmkmdiamonds@sec.gov or (323) 965-4519
or www.casavantmining.com or (306) 752-3755 directly with further
questions regarding this security.

Have a nice weekend.

If you have further concerns or inquiries, please reply to this
message.

Sincerely,

Kem Stokes
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.
 
Posted by cruz on :
 
selling at 0.0001?

quote:
Originally posted by Raptorsrule:
Confirmed....all restrictions are lifted and I just increased my position in a long of mine with GVRP proceeds. My sell from prior to the halt has settled.

Now....someone buy the rest of my GVRP!


 
Posted by Raptorsrule on :
 
I have orders placed .0001,.0002, and .0005

No bites of course...but the orders are open.....

Again, all restrictions are lifted at Ameritrade.
 
Posted by cruz on :
 
i put in a sell order for 27.5 mil at 0.0001. restrictions lifted - now bite.
 
Posted by dishgal1 on :
 
My sells were just cancelled. I am late, have to leave computer. Check your sells, they are cancelling them.
 
Posted by Purl Gurl on :
 
Ameritrade is cancelling orders after being placed.
 
Posted by cruz on :
 
then they might as well put the restriction back on. sheesh
[Mad]
 
Posted by Raptorsrule on :
 
Yep...mine are being cancelled as well.

at least I got my proceeds!
 
Posted by Purl Gurl on :
 
Hey! No problem. Wait until the reverse split
then you can trade what you no longer have!

Problem solved.
 
Posted by Raptorsrule on :
 
well...I had 4 sell orders....they cancelled 3. The one remaining is at .001 and they are leaving it open.
 
Posted by Raptorsrule on :
 
This from Ameritrade....and you won't believe it....

The market makers are rejecting the orders back to AMTD! they are not accepting any transactions....guess we know who GVRP's back scratchers are.....this wreaks of illegality...

Now here is the kicker...my .001 order is remaining open.....
 
Posted by H2NRG on :
 
Just spoke w/ my local Scottrade rep about why my GVRP shares changed from tradable to # Not available for sale due to a reorg or a tender offer. He called the home office and was told that nothing has changed, and he couldn't place a sell order for me. He couldn't explain why my number of shares changed, nor knew who was in charge of it. Normally, he's a very friendly fellow, but today he was terse. Frustrating as hell. Still gotta wait for info. And the clock keeps ticking away toward the R/S.
 
Posted by Trader88 on :
 
Just got the same old response from Ameritrade, "we won't know anything till we get word from the SEC" BS.

Said nothing about lifting restrictions on anything.
 
Posted by cruz on :
 
they know that wont take. lol

quote:
Originally posted by Raptorsrule:
This from Ameritrade....and you won't believe it....

The market makers are rejecting the orders back to AMTD! they are not accepting any transactions....guess we know who GVRP's back scratchers are.....this wreaks of illegality...

Now here is the kicker...my .001 order is remaining open.....


 
Posted by H2NRG on :
 
We need Carol Remond's help!
 
Posted by H2NRG on :
 
quote:
Originally posted by H2NRG:
We need Carol Remond's help!

Said tongue-in-cheek.
 
Posted by Trader88 on :
 
OK folks,

I got a call from Ameritrade, they left a message on my voicemail. Hard to understand, the guy was mumbling, but he did say all restrictions had been lifted. I put an order in to release funds, it is still pending.

I did, however, buy new stock with GVRP proceeds today! Progress!

Now, we just need MM's to be short this stock, and buying like crazy next week above .0001, and/or find CMKX'ers to buy all the shares from us.
 
Posted by cruz on :
 
got a call from amtd as well. i placed sell orders but no buys. you were able to buy trader?
 
Posted by cruz on :
 
of course my sell orders were cancelled [Mad]
 
Posted by cruz on :
 
how can you buy trader? - no volume today.
 
Posted by Trader88 on :
 
I bought a totally different stock with gvrp proceeds.
 
Posted by cruz on :
 
my bad trader. misread your post.

quote:
Originally posted by Trader88:
I bought a totally different stock with gvrp proceeds.


 
Posted by BuyTex on :
 
check this out, from ihub:

[quuote]sandy lee lee
In reply to: None Date:6/24/2005 5:35:20 PM
Post #of 66578

Ameritrade left this message on my answering machine:

"This is Mike ? with Ameritrade. We have removed the trading restriction on GVRP. You are free to attempt to sell those shares. I must caution, we cannot guarantee a fill, there has been no trading for some time so we don't know if they can be executed but you are certainly welcome to enter an order. Any questions please contact Client Services."

Sandy[/quote]

sounds ominous, to moi...as in, "we suggest Vaseline..."

hope I'm wrong.
 
Posted by dishgal1 on :
 
I spoke with Ameritrade. They called me. Proceeds are unfrozen, I am allowed to sell EXCEPT the MM's are not taking the orders. I am only allowed to liquidate positions. Cannot buy. Very interesting indeed.
 
Posted by Trader88 on :
 
.0001 Monday? .001?
LOL
 
Posted by keithsan on :
 
Here is a Theory, and a Stretch of one:

SEC orders company, insurance company or whoever screw up is to buy back the shares sold by mistake. SEC does not have to make its finding/ruling public at this time.

GVRP then announces Reverse Split knowing it is not allowed by SEC (and is obviously illegal). This announcement scares traders into selling the shares at market orders or .0001 as soon as they can.

It will be the cheapest way for the Screw up to buy back the missing shares.

Something to think about, obviously could be a very good scenario for us.
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
Here is a Theory, and a Stretch of one:

SEC orders company, insurance company or whoever screw up is to buy back the shares sold by mistake. SEC does not have to make its finding/ruling public at this time.

GVRP then announces Reverse Split knowing it is not allowed by SEC (and is obviously illegal). This announcement scares traders into selling the shares at market orders or .0001 as soon as they can.

It will be the cheapest way for the Screw up to buy back the missing shares.

Something to think about, obviously could be a very good scenario for us.

Maybe the r/s was also "approved" by SEC, and they have the next week to buy back. I said it before, the PR the company put out is not going to come out and say "our insider needs to cover in the next week". Your theory is very possible though.
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by keithsan:
Here is a Theory, and a Stretch of one:

SEC orders company, insurance company or whoever screw up is to buy back the shares sold by mistake. SEC does not have to make its finding/ruling public at this time.

GVRP then announces Reverse Split knowing it is not allowed by SEC (and is obviously illegal). This announcement scares traders into selling the shares at market orders or .0001 as soon as they can.

It will be the cheapest way for the Screw up to buy back the missing shares.

Something to think about, obviously could be a very good scenario for us.

Maybe the r/s was also "approved" by SEC, and they have the next week to buy back. I said it before, the PR the company put out is not going to come out and say "our insider needs to cover in the next week". Your theory is very possible though.
the sec allowing the RS is possible but highly unlikely, obviously changes the rules and makes their job more difficult.
 
Posted by Trader88 on :
 
I have always thought that the info the company put out was sanctioned by the regulators. I think they've been told to make a 2 week timetable to buy shares back. Otherwise, why even have the 2 week timetable? I think the regulators mandated all of it.

They might have said "OK, we'll let you reverse everyone out, on the condition that you buy back those shares within 2 weeks prior to the r/s. Try to get them as low as you can, we don't care"

Just one possible scenario, that's what I think may have happened.
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
I have always thought that the info the company put out was sanctioned by the regulators.

heres where you have been wrong, pr's have nothing to do with regulators, the fact that GVRP notified the sec basically means they sent them a copy of the pr.
 
Posted by Trader88 on :
 
I think it's more than just them sending a copy. I think some sort of deal was hammered out, we just haven't been told some of the details. But, we may never know for sure.
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
I think it's more than just them sending a copy. I think some sort of deal was hammered out, we just haven't been told some of the details. But, we may never know for sure.

you may be right on the deal, that was my theory i just posted, i'd be surprised if the SEC changed its rules for these POS owning scumbags.
 
Posted by Trader88 on :
 
My withdrawal of GVRP funds has been approved!!
YEEEEEEEEEE HAAAAAAAAAAAW!
 
Posted by BuyTex on :
 
I'm liking this dialog...yessirs, I am...
 
Posted by Trader88 on :
 
They may be trying to get people to sell at market next week. I'm not doing that. If they want my shares, they must give me a bid or they ain't gettin 'em.
 
Posted by DENSKIJR on :
 
Hey exciting on the release of funds just got of with Ameritrade and they said that I could use the funds as long as it wasn't to buy GVRP shares. What a bunch of knuckleheads Im glad I at least sold $10,000.00 worth. Does anybody think that are remaining shares will be worth anything or is it a wait and see???????? Hmmmmmmmm
 
Posted by Trader88 on :
 
quote:
Originally posted by DENSKIJR:
Hey exciting on the release of funds just got of with Ameritrade and they said that I could use the funds as long as it wasn't to buy GVRP shares. What a bunch of knuckleheads Im glad I at least sold $10,000.00 worth. Does anybody think that are remaining shares will be worth anything or is it a wait and see???????? Hmmmmmmmm

Maybe none of the brokers will allow buys to enable the insider to be alone in the market buying so that they don't get massacered in the market. Maybe part of the deal hammered out???
 
Posted by DENSKIJR on :
 
Ya good point. But if they wont allow sell orders how are we supposed to get rid of them?
 
Posted by Trader88 on :
 
Ameritrade is allowing sell orders, I placed one this afternoon. No bites, though (yet)
 
Posted by Trader88 on :
 
quote:
Originally posted by DENSKIJR:
Hey exciting on the release of funds just got of with Ameritrade and they said that I could use the funds as long as it wasn't to buy GVRP shares. What a bunch of knuckleheads Im glad I at least sold $10,000.00 worth. Does anybody think that are remaining shares will be worth anything or is it a wait and see???????? Hmmmmmmmm

Nice feeling, isn't it? I could say I'm sorry that I didn't sell more, but hey even if I can never sell another share ever I still made a 21 bagger, not bad at all....
 
Posted by Purl Gurl on :
 
FOIA Request Sent To The SEC.

Response can take up to one month.

to: foiapa@sec.gov

EMAIL:
-------

Top of the day,

I am making a request for information under our guidelines
delineated under The Freedom Of Information Act.

A request for fee waiver is also made based on this being
a request for information from an individual with hopes
of better understanding how internal processes work at
the SEC. Information you provide will be shared with a
very large group of people, numbering over one-thousand.
Intent is to foster better understanding of how the SEC
works, on an internal basis.

There is no commercial interest in this request. My
request is strictly for the benefit of individuals
wanting better knowledge of how the SEC operates.

If my request does not qualify for a fee waiver, please
bill me accordingly. I agree to pay up to and including
one-hundred dollars ($100) in fees.

My request is related to GLUV Corporation trading as
ticker symbol GVRP. My friends and I are vested in this
company. We are having difficulty understanding a recent
series of actions taken by GLUV Corporation. Our hope is
documents you provide will assist us to better understand.

Please provide, as allowed, any and all documents related
to GLUV Corporation which are not publically available
through your website. We only need a time frame span
of the last one-hundred-eighty (180) days.

This document request includes any forms, communications,
email, written comments, any and all material you have
related to GLUV Corporation, Media Magic (new name), all
attorneys both GLUV and SEC, Robert Pearce and any other
persons acting for or on behalf of GLUV Corporation. This
includes material of a formal or informal nature, which
includes casual notes or memos made by both the SEC and
GLUV Corporation.

In short, please send literally "everything" you can
related to GLUV / Media Magic which is not published
for the public, within the time frame I specified.

Your time and efforts are sincerely appreciated.

Please bill as needed per my following information.

Bozo The Clown
OU812 Circus Circle
Carnival Town, Californicated
 
Posted by dishgal1 on :
 
WOW!...........the theory you are speaking of sort of maybe makes sense. There was a sentence in that pr that never quite made sense but now ....well maybe it does.

Remember the paragraph where they were going to issue enough shares to take care of all the trades? Then the sentence "UNLESS YOU ARE SHORT"......could that possibly be this situation?
 
Posted by Trader88 on :
 
Dishgal, just my own opinion, but I think everyone here will be quite content a week from now.
 
Posted by TampaInvester on :
 
do they have enough money to buy all our shares back. i have started dreamin again even at 0.0001
how much are we talking about?

damm when is scottrade gonna show the shares. I wished had some balls..
 
Posted by Trader88 on :
 
41.4 million dollars @ .0001
Could be combination of insurance of all involved, who knows and who cares. All I care about is that it goes down that way.
 
Posted by keithsan on :
 
quote:
Originally posted by DENSKIJR:
Does anybody think that are remaining shares will be worth anything or is it a wait and see???????? Hmmmmmmmm

I posted a theory above, and if I'm right, they'll be worth A LOT. glad to see those who sold are getting their money. Its fun to beat the company [Smile]
 
Posted by Trader88 on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by DENSKIJR:
Does anybody think that are remaining shares will be worth anything or is it a wait and see???????? Hmmmmmmmm

I posted a theory above, and if I'm right, they'll be worth A LOT. glad to see those who sold are getting their money. Its fun to beat the company [Smile]
I hate to complain, but why did this have to happen on a Friday at 3pm? I will not sleep well all weekend! BTW, keithsan, I like your theory, and I DO NOT think it is far fetched at all.
 
Posted by Purl Gurl on :
 
This is really cute! From Dr. Watson at the IH board.

 -
 
Posted by Trader88 on :
 
Saw that, awesome!
 
Posted by TampaInvester on :
 
I own 200 of these = 600 million = $60,000 atleast..Now i can't sleep the whole weekend
 
Posted by BuyTex on :
 
Annie Okaley,

egggsellent!
thas entertainment...

AND...

congrats, to all with cleared funds...
 
Posted by Purl Gurl on :
 
Roy Rogers, seeings how we are from the same
stretch of range land, I'll cut you a right
nice deal on those documents.

Twenty per page for others.
Ten per page for you, partner.

Annie
 
Posted by Purl Gurl on :
 
The Fat Lady will have sang long before any
documents come out of the SEC. Nevertheless,
I simply have to know if there is anything
there of value.

Probably won't get anything out of the SEC,
but I have to satiate my curiosity.
 
Posted by Purl Gurl on :
 
Besides, Stoned Ranger, I figure there are none
ballsy enough to tangle with the SEC. Maybe a
smokin' gun will turn up.

Maybe the IRS will turn up at our doorstep. I dunno.

Pronto
 
Posted by dishgal1 on :
 
I have a theory too......obviously our shares are worthless right? At least we think that.

Now, picture this. No one in their right mind would buy this stock right now. RIGHT?

If someone is wanting to buy....then who might that be?

Sooooooo, I will not be putting in any .0001 sell orders. Either the shares are worthless and we can't even get .0001 OR someone is desperately wanting or needing to buy them. Keith has been right all along. Now we definitely don't need to bid whack.
Just my opinion and my 2 cents. LOL
 
Posted by Trader88 on :
 
That's right. There is no grey area here. Either they are worth nothing, or they are worth a lot. However, one caveat to that is this: if there are no other buyers, ie speculators, and if the insider is alone in the market buying, the price will not go up that much.

One more caveat: If there really is a 2 week timeframe to buy all the shares back, I for one will want to be selling on the tail end of that timeframe, as you may be able to make bank on that last day, last hour!

One more thought: If they told us about the two week mandate to cover, everyone would wait until the last hour, and the insider would be toast, scurrying to buy the shares. Maybe that is the crux of the reason why we don't know what deal was actually hammered out!
 
Posted by BuyTex on :
 
Inktomi,

funny, our home repair biz had inside jokes of Home Ranger and Pronto...

at times in my life, i have been the stoned ranger, too, lol

anyways, agreed--the FOI action is a posterity play, para los autopsy...am almost sure I'll write about this, so the FOI yield is quite valuable.

lol, can't agree to yer terms, yet: even, at .50 per page, it *could be* quite a "due bill"--they may have 1000s of pages on this thing, by now...especially if anyone started a file on previous "incarnations"...
 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
I have a theory too......obviously our shares are worthless right? At least we think that.

Now, picture this. No one in their right mind would buy this stock right now. RIGHT?

If someone is wanting to buy....then who might that be?

Sooooooo, I will not be putting in any .0001 sell orders. Either the shares are worthless and we can't even get .0001 OR someone is desperately wanting or needing to buy them. Keith has been right all along. Now we definitely don't need to bid whack.
Just my opinion and my 2 cents. LOL

good summary...thanks, Dish
 
Posted by dishgal1 on :
 
One other thing.....they could churn those shares themselves providing they start allowing buys.

I wonder if the hold on buying could be because they are waiting for all other brokerages to issue their shares first.

If they are being pressured to do a buy in I can't believe they would let them be alone in the market buying, hence the R/S threat. They could be hoping that is enough to scare off buyers.
 
Posted by dishgal1 on :
 
My God we are starting to sound like the CMKX theory thread. LOL.........we simply must get a grip on reality.
 
Posted by Trader88 on :
 
Good point dishgal. That threat may make them be alone buying.
 
Posted by Trader88 on :
 
Bottom line:

SOME kind of deal must have been worked out. All I used to hear from Ameritrade was "We need an answer from the SEC before we unfreeze your account".

Well, we have heard nothing from SEC. Why unfreeze all that money without any word from the regulators?

Thats why I think there WAS word from the regulators, we just didn't know it.

Chew on that awhile....
 
Posted by keithsan on :
 
quote:
Originally posted by dishgal1:
I have a theory too......obviously our shares are worthless right? At least we think that.

Now, picture this. No one in their right mind would buy this stock right now. RIGHT?

If someone is wanting to buy....then who might that be?

Sooooooo, I will not be putting in any .0001 sell orders. Either the shares are worthless and we can't even get .0001 OR someone is desperately wanting or needing to buy them. Keith has been right all along. Now we definitely don't need to bid whack.
Just my opinion and my 2 cents. LOL

Exactly the point of my theory, we've been playing this all along to make money on the buyback.
 
Posted by Trader88 on :
 
Keithsan, if you are right, I will fly to Boston and buy you a round of Dom Perignon.
 
Posted by dishgal1 on :
 
[b]Exactly the point of my theory, we've been playing this all along to make money on the buyback. [b]

And they have to create shares in order to buyback. It does make sense.
 
Posted by Trader88 on :
 
Sure, they can't buy back that which does not exist!
 
Posted by cruz on :
 
SEC should add a rule - a company can only do one r/s and on f/s per year [Wink]

quote:
Originally posted by Trader88:
quote:
Originally posted by keithsan:
Here is a Theory, and a Stretch of one:

SEC orders company, insurance company or whoever screw up is to buy back the shares sold by mistake. SEC does not have to make its finding/ruling public at this time.

GVRP then announces Reverse Split knowing it is not allowed by SEC (and is obviously illegal). This announcement scares traders into selling the shares at market orders or .0001 as soon as they can.

It will be the cheapest way for the Screw up to buy back the missing shares.

Something to think about, obviously could be a very good scenario for us.

Maybe the r/s was also "approved" by SEC, and they have the next week to buy back. I said it before, the PR the company put out is not going to come out and say "our insider needs to cover in the next week". Your theory is very possible though.

 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Keithsan, if you are right, I will fly to Boston and buy you a round of Dom Perignon.

works for me [Smile]
 
Posted by Trader88 on :
 
If we are able to sell our shares, would be great for all of us to plan a party. We'd have to have it probably somewhere in the middle of the country so that all could attend, maybe Texas? There are a lot of Canadians in this as well, maybe Chicago?
 
Posted by cruz on :
 
i'll take keithsan to the sox game. [Smile]

quote:
Originally posted by Trader88:
Keithsan, if you are right, I will fly to Boston and buy you a round of Dom Perignon.


 
Posted by cruz on :
 
we dont want the gvrp people to know where the party is. they could wipe us out with a suicide bomber.

quote:
Originally posted by Trader88:
If we are able to sell our shares, would be great for all of us to plan a party. We'd have to have it probably somewhere in the middle of the country so that all could attend, maybe Texas? There are a lot of Canadians in this as well, maybe Chicago?


 
Posted by BuyTex on :
 
quote:
Originally posted by dishgal1:
My God we are starting to sound like the CMKX theory thread. LOL.........we simply must get a grip on reality.

I *do* understand this, however, did the diamond play ever yield the % returns we are seeing from those whose sales have gone through...??? need historical perspective...
 
Posted by cruz on :
 
anybody have an estimate date of r/s?
 
Posted by DENSKIJR on :
 
I still owe Keith and his family a Dinner what city do you live in keith out here in San Jose one of my favorite places to go is the Cheese Cake Factory Its so good let me know if you have one of those in your area???????

Dennis
 
Posted by DENSKIJR on :
 
Also Let me know how many are in your immediate family? Just dont tell my your last name is Gonzalez Ha. (Im from California that would be half of the State.

P.S. I am a man of my word being a Republican [Big Grin]
(thats for Purl Gurl) but when I said I planned on buying you and your family dinner I ment it. [Smile]
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
i'll take keithsan to the sox game. [Smile]

quote:
Originally posted by Trader88:
Keithsan, if you are right, I will fly to Boston and buy you a round of Dom Perignon.


champagne and sox don't mix. I'll bring the beers!
 
Posted by cruz on :
 
make it the best boston beer.

quote:
Originally posted by keithsan:
quote:
Originally posted by cruz:
i'll take keithsan to the sox game. [Smile]

quote:
Originally posted by Trader88:
Keithsan, if you are right, I will fly to Boston and buy you a round of Dom Perignon.


champagne and sox don't mix. I'll bring the beers!

 
Posted by Trader88 on :
 
I'm a liberal Democrat, I guess that means I COULD be telling the truth, depending on the situation, lol.
 
Posted by SHARK357 on :
 
Anybody with scottrade get their shares?
 
Posted by <GuesterG> on :
 
Homeland Productions Inc.

It's showed up in accounts of people owning the stock before the dividend date that most here jumped on-- the price is 0.00

Will it go public?

When will it be public?

What will the shares be worth?

0.00000000000000001?

Is it all just a fake and the company doesn't really exist?
 
Posted by Trader88 on :
 
.0000000000000000000000000000000000000000000000000000000000000125
 
Posted by Raptorsrule on :
 
Have read all of the posts tonight with great interest. My funds settled today and approximately 30 seconds later I decided no second chances...used all my proceeds to increase my position in TWGP......got in the 13s and she closed at 15.19....good Friday...

More importantly the fact that our (AMTD folks) sells settled is good news for all and lends serious credence to Keithsan's theory. As I was driving home today I came to the realization that my sell orders were cancelled because the powers to be are settling ALL of the trades made prior to allowing trading.

GVRP worked quickly on this one..... look at the latest pr that was issued.....carefully.......according to my estimation we have over a week before the RS takes affect.

Keith your theory is very plausible...and I personaly hope to congratulate you in person for being right all along.....

Great start to the week end......I sense margaritas near by...

PS.....NO BID WACKING......setem' at .0002 and above...
 
Posted by Trader88 on :
 
We all know there will be lots of sells at .0001 if people have the opportunity. Lets not kid ourselves, thats a hundred bagger for most. I just think that if the shares must be bought, I would opt to wait until the very last minute possible to sell. It's possible for more money to be made by holding out till the end of the week long period, IMO. Can't wait to see how this goes down!
 
Posted by DENSKIJR on :
 
Thanks alot keith its 1:24 am on a Saturday Morning and I cant sleep [Razz]
 
Posted by H2NRG on :
 
quote:
Originally posted by SHARK357:
Anybody with scottrade get their shares?

Nope. Not yet.
 
Posted by cruz on :
 
keithsan been having a lot of puter problems. i say we all pitch in and buy him a new puter. [Smile]
 
Posted by Dustoff101 on :
 
Well, it's time to get out the popcorn and beer again...Bring on the heavy weights...This should get good..

I will be following along between yard work chores...

Only hope my beautiful wife believes my excuse for leaving her working in the garden..

I will use the " I have a stock I have to monitor ploy "
-----------------------------------------------
Things are growing so fast this year, just a few days neglect, and the lawn mower starts choking on the grass..The P.. growers are all gonna get stoned outa dar minds...
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
keithsan been having a lot of puter problems. i say we all pitch in and buy him a new puter. [Smile]

Thats from the day job, with a little luck i won't need that anymore [Big Grin]
 
Posted by vg on :
 
hey cruz and Keith I work for dell (sales nothing fancy) keith if that helps
 
Posted by cruz on :
 
ok vg. we need a proposal for a bad a** setup computer system for stock trading. keith here is gettin ready to quit his day job and go full-time in the market (thanks to GVRP). [Smile] i could use a new puter but may not be worth it at this time for stock trading. i am not quite there yet. i still have to work. [Frown]

quote:
Originally posted by vg:
hey cruz and Keith I work for dell (sales nothing fancy) keith if that helps


 
Posted by Trader88 on :
 
MM's must definitely be short this stock, 138,000 shares covered by this dilution does not cover their accounts! That just covers the insider who sold. A light bulb just went off in my head that MM's who are short this stock MUST buy it back. I think you can guess as to who they will need to buy it from!! Ding, ding, ding!! This is going to be a good week, just watch.
 
Posted by dishgal1 on :
 
If this pays off Keith can probably buy an entire "Computer Store" LOL He won't need our help.
LOL
 
Posted by DENSKIJR on :
 
Ya kieth

which one do you want Dell or IBM [Big Grin]
 
Posted by Trader88 on :
 
"Approximately two weeks from today, AFTER ALL OF THE BILLIONS OF SHARES OF BUY AND SELL TRANSACTIONS HAVE BEEN SETTLED, the company will file amended and restated articles of incorporation..."

Market Makers and anyone else short must cover before the r/s happens.
 
Posted by Trader88 on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6789415

Posted by: hatemms
In reply to: Dspetry who wrote msg# 66707

if the market makers naked shorted the stock(sold stock that they did not have) the company is not responsible for that, the market maker needs to buy the stock or get it from some place to deliver, the campany said they sold 138,000 shares pre-split, volume that week was about 500,000, say 250,000 were buys, that leaves about 112,000 shares unaccounted for, i bet the market makers sold those shares like they always do, sell something that they do not have...the TA also said you will get the shares if you were not short, confirms my theory, but we will see...
 
Posted by TampaInvester on :
 
quote:
Originally posted by Trader88:
http://www.investorshub.com/boards/read_msg.asp?message_id=6789415

Posted by: hatemms
In reply to: Dspetry who wrote msg# 66707

if the market makers naked shorted the stock(sold stock that they did not have) the company is not responsible for that, the market maker needs to buy the stock or get it from some place to deliver, the campany said they sold 138,000 shares pre-split, volume that week was about 500,000, say 250,000 were buys, that leaves about 112,000 shares unaccounted for, i bet the market makers sold those shares like they always do, sell something that they do not have...the TA also said you will get the shares if you were not short, confirms my theory, but we will see...

How do we know the shares we bought maybe short?
 
Posted by Trader88 on :
 
Someone is short, if you get delivery of shares (like I have), then you're obviously not short. You're getting part of the 138,000 the company is issuing. BUT, remember how everyone thought that about 250,000 or so shares were sold pre split the first week? Well, the company is only issuing 138,000! Whoever sold the other 112,000 is short, those shares are not accounted for and in theory need to be covered. I think MM's are short, obviously there are shares out there that need to be bought back by someone. I guess we'll find out this week who that someone is!
 
Posted by George on :
 
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.
 
Posted by cruz on :
 
-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that

so all 414 billion shares (138000 pre split * 3000000 stock dividend) - post split shares need to be settled before reverse split date of july 4th - 5th. we need to sell buy friday july 1st? it makes sense to wait and sell on friday since the demand from the mm to buy these back will be high. pps goes up. am i understanding this right?
 
Posted by cruz on :
 
and on top of that there's an addtional 336 billion shares short (112000 * 3000000) that need to be covered as well?
 
Posted by Trader88 on :
 
I think the only short shares are going to be the 336 billion, but that's a huge short if it exists. The 414 billion are being diluted in, so they're not short anymore.

If MM's are short this approximate 336 billion amount, they will need to cover the position. The only people to buy them from is us.

Only a theory, but if true, I plan on holding out as long as possible till they get desperate for shares.

The other possibility I see is that the whole plan that the company laid out is actually some kind of deal hammered out by the SEC in which shares must be covered by the original insider who sold, hence the two week timeframe for them to buy back.

I'm hoping its a combination of both MM's short and original insider (T/A insurance, whatever) mandatory buy-in.
 
Posted by Mr Bill on :
 
Yes but does this mean after all of the billions of shares THAT HAVE ALREADY BEEN SOLD have settled ?

IMO One of Two scenarios next week:

a) No trading
b) Covering

-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that
 
Posted by Trader88 on :
 
Yeah, but if short positions in MM accounts exist, they need to be accounted for. This could be part of: "after all of the billions
of shares of buy and sell transactions have been settled"

Settling to me means settling of any short positions as well.

But, yeah, there's only two scenarios: no trading, or covering.

We all know what SHOULD happen if anyone is short, but if it will remains to be seen. A lot of rules have already been broken with this stock, as we know.
 
Posted by TampaInvester on :
 
quote:
Originally posted by George:
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.

where do you get the "shares due" number from on scottrade? I still only see my 200 shares
 
Posted by Mr Bill on :
 
quote:
Originally posted by cruz:
-- Approximately two weeks from today, after all of the billions
of shares of buy and sell transactions have been settled, the
company will file amended and restated articles of
incorporation providing that

so all 414 billion shares (138000 pre split * 3000000 stock dividend) - post split shares need to be settled before reverse split date of july 4th - 5th. we need to sell buy friday july 1st? it makes sense to wait and sell on friday since the demand from the mm to buy these back will be high. pps goes up. am i understanding this right?


 
Posted by Mr Bill on :
 
quote:
Originally posted by George:
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.

Here is how!!! They are giving you a 3M to 1 on a 3M to 1 like the companies 1 SHARE!!! LMAO.

50*3,000,000=150,000,000+400,000=150,400,000
Now 150,400,000*3,000,000 = 451,200,000,000
 
Posted by Trader88 on :
 
quote:
Originally posted by George:
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.

Sounds like those goofballs might be multiplying your 400,000 X 3,000,000 and multiplying your 50 presplit by 3,000,000 twice?

You're lucky, you now own the entire post-split float! Name your pps!
 
Posted by Trader88 on :
 
One thing I have learned through this fiasco is that most people who work at brokerage houses are total morons. No wonder jobs are being outsourced, nobody even uses their brain anymore.
 
Posted by BuyTex on :
 
quote:
Originally posted by TampaInvester:
quote:
Originally posted by George:
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.

where do you get the "shares due" number from on scottrade? I still only see my 200 shares
what about your "unrealized positions"? Mine show up in that category...
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
quote:
Originally posted by George:
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.

Sounds like those goofballs might be multiplying your 400,000 X 3,000,000 and multiplying your 50 presplit by 3,000,000 twice?

You're lucky, you now own the entire post-split float! Name your pps!

Or multiplying by an extra 3000 (I had thought 3M)

150,400,000 is the correct value * 3000 =
451,200,000,000
 
Posted by Trader88 on :
 
IHUB down??? Having trouble getting in there last night and again the last 15 minutes.
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
IHUB down??? Having trouble getting in there last night and again the last 15 minutes.

Yep, Silicon Investor sister site down as well.
 
Posted by Trader88 on :
 
Maybe they got overloaded with gvrp posts, Golden Lists reached 66666 post yesterday, maybe bad luck for gluv corp. next week. Their first mistake was made on Fri. the 13th, and now this!
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
Maybe they got overloaded with gvrp posts, Golden Lists reached 66666 post yesterday, maybe bad luck for gluv corp. next week. Their first mistake was made on Fri. the 13th, and now this!

Yea I could have grubbed that one but let JB have it. He put info about his telescope in there.
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
Maybe they got overloaded with gvrp posts, Golden Lists reached 66666 post yesterday, maybe bad luck for gluv corp. next week. Their first mistake was made on Fri. the 13th, and now this!

That is nothing. Wayne R who with SSP discovered GVRP has had birthdates, and all kind of other special dates which have all fell on important GVRP dates. Totally bizzare. Now July 5th is a wedding and a divorce. That is even more bizzare than GVRP is as a stock. Some kind of upgrade is going on with IHub and SI. You could PM Matty and find out if you wanted.
 
Posted by Mr Bill on :
 
I wonder if everybody at ScottTrade is seeing this problem, the extra magnitude of the shares. It appears to me someone multipled the final total by 3000. So if you had 50 shares pre FS they would have given you post FS shares as though you had 150,000 shares pre FS.

This is getting more bizzare by the second.
 
Posted by Trader88 on :
 
Funny. This gvrp has been the most bizzare thing that I have ever seen in the market. Just seems to get more and more weird every day, that's why I wouldn't be surprised at anything that happens this week. But I strongly believe MM's are short and we will benefit greatly.
 
Posted by Mr Bill on :
 
One rule seems to apply, Just when you thought it could not get any more bizzare...
 
Posted by TampaInvester on :
 
quote:
Originally posted by BuyTex:
quote:
Originally posted by TampaInvester:
quote:
Originally posted by George:
Scottrade show me with 451,200,000,000 shares due. I bought 50 presplit then 400000 the following Monday..No idea how they get to that number....what a bunch of screw ups.

where do you get the "shares due" number from on scottrade? I still only see my 200 shares
what about your "unrealized positions"? Mine show up in that category...
I see mine now but this is too compliacted..oh well so is everything with this stock
 
Posted by H2NRG on :
 
Yeah, my Scottrade unrealized positions is now 3000x too high. Would be nice to get some freebie shares, but I don't expect that will happen. Wonder when we'll actually see them credited to our accounts?
 
Posted by Mr Bill on :
 
Why would you not EXPECT to see 3000x the shares you are due posted to your Scottrade account? This is GVRP! Expect the UnExpected!!
 
Posted by Mr Bill on :
 
If Scottrade does post 3000 X one's holdings DO NOT be so STUPID as to sell shares you do not own. They will come back and say you are SHORT and force you to BUY IN. Particularly do not sell a gazillion shares "At Market" only so you have to then buy them back.

IMO this is looking like a possible way for the short covering needed by certain MMs and insiders, etc. What better way to pass the burden of the SHORT to traders than to give them a ton of extra shares and assume that some of them will sell at Market.

One has to wonder what kind of liabilities would result for Scottrade if they place the shares into folks accounts. I suspect first the trader would be on the hook, and then Scottrade. They had better get this fixed ASAP IMO.
 
Posted by pcloadletter on :
 
I have not received my shares in my Trading Direct Account yet either.

They will be hearing from me.
 
Posted by keithsan on :
 
Monday for me, I probably wont be trading, I have to be at a conference at BU on teaching ancient civilizations. I will be bringing my laptop. Hopefully I cant trade the whole time, these things are so boring.

Also I will be flying to Greece Wed's evening, Should arrive by trading time on Thursday but with no sleep. Probably no internet connection either.

Its going to be tough to follow this one all week. Bad timing.
 
Posted by Trader88 on :
 
Mr. Bill, you could be right. All it would take is one bozo selling 400 billion or so, and all the MM's would be done covering. Then it would take weeks for the smoke to clear, and in the meantime the r/s will have already happened. Could be a conspiracy!
 
Posted by cruz on :
 
ouch. let your cats take care of the trading. they got you alphatrade. [Smile] i hope they don't keep cancelling these sell orders like last friday.

quote:
Originally posted by keithsan:
Monday for me, I probably wont be trading, I have to be at a conference at BU on teaching ancient civilizations. I will be bringing my laptop. Hopefully I cant trade the whole time, these things are so boring.

Also I will be flying to Greece Wed's evening, Should arrive by trading time on Thursday but with no sleep. Probably no internet connection either.

Its going to be tough to follow this one all week. Bad timing.


 
Posted by cruz on :
 
sh**. sell at first opportuniy (quick as you can) monday? i was hoping to wait til friday. i may have to change my plan and sell a majority monday and keep a small position for friday.

quote:
Originally posted by Trader88:
Mr. Bill, you could be right. All it would take is one bozo selling 400 billion or so, and all the MM's would be done covering. Then it would take weeks for the smoke to clear, and in the meantime the r/s will have already happened. Could be a conspiracy!


 
Posted by cruz on :
 
then again trader88, i don't think the seller would get off the hook that easy. it will become a battle with the seller and mm. mm come back to the seller and say you sold shares short at 0.0001 and you need to buy them back at say 0.0002. mm just made money to help recoup their loss.
 
Posted by Trader88 on :
 
"you sold shares short at 0.0001 and you need to buy them back at say 0.0002"

That is what WE should tell the MM's about the shares they sold us!
 
Posted by Trader88 on :
 
I'm selling half immediately if there is ANY bid of any kind tomorrow. I'll save the other half for Friday .001
 
Posted by Trader88 on :
 
I just hope there is a bid and all our theories about MM's, insider still being short are correct. If that's not the case, we won't see any volume this week at all. Just big fat 0's all week, that would suck!

Our theories need to be correct for this to work! Otherwise, the only people who win are the ones who sold May 23-26.

If all else fails, I'm happy because I still got a 20 bagger out of this, could have been a 100 bagger if I'd sold everything May 23rd but I don't think anyone did that.
 
Posted by cruz on :
 
it's going to be hard and tempting. if heavy trading monday, you would say to yourself - cash it all in and run. but friday could big a big day and you don't want to miss out on that. even if heavy trading monday and even thru thursday, i think the mm's are going to keep this at 0.0001. what do you think?
 
Posted by DM on :
 
These two thing bother me:
1)the NASD official predicted individual brokerage firms will try to resolve their obligations through informal arrangements, arbitration or litigation.
http://investorshub.com/boards/read_msg.asp?Message_id=6735206&txt2find=arbitration

2)We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C06%5C21%5C31627050.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=GVRP
 
Posted by DM on :
 
and, ameritrade/izone owes me 8 (eight) shares, one of those, it's there, you just can't see it things, anyone else missing shares?
 
Posted by cruz on :
 
welcome to allstocks DM!
 
Posted by Trader88 on :
 
Here's the problem, we don't know EXACTLY how much they are short. Let's say you don't sell on Monday, hoping for a big Friday payday. Thursday comes, and for some oddball reason all the covering is done. Now you're stuck waiting for Friday, and Friday's volume will be big fat ZERO! I'm sticking with selling half immediately, and half Friday, you never know when the covering will be done.

Or maybe the short position is not as big as we think, that means the first ones selling will get the gold, and the rest of us will get the.....uh....you know!
 
Posted by keithsan on :
 
As far as all the math theories I've been reading since yesterday, I feel they are all wrong.

I do not think the sec will allow the company to put those shares into the market. The only way for everyone to cover the shorts is to buy.

Basically everything we own is short. It needs to be bought back. If there is a buyback going on, traders will also be buying in at the lowest oppurtunity. I will not be selling any on Monday. There will be a ton of people selling on monday to try and be the first seller. I'm not adding to the pressure. I will wait.

This is assuming that the stock even trades on Monday.

There is no reason for the SEC to allow this POS company to flood the market with shares to cover their butts. This would change the ways companies opperate.

Who is short, the company says one guys sold 138,000 shares he's short 3 mill for each one of those shares. He needs to buy back. The rest need to be bought back by TA, ins, MM's, whoever shorted the stock.

The companies announcements and filings do not matter until the sec approves them. The shorts will not be covered by these shares. Ameritrade and other brokerages have freed up money and will supposedly allow trading come monday. They probably have done this with the knowledge that the mistakes will be covered.

If shares do flood the market, and the rules have now changed, there will be lawsuits filed.

Good Luck.
 
Posted by Trader88 on :
 
"The companies announcements and filings do not matter until the sec approves them. The shorts will not be covered by these shares."


The T/A has already started delivery on the 138,000. About 250,000 were sold, so someone is still short even after dilution.
 
Posted by cruz on :
 
amtd will not allow buy orders of GVRP. only sells.
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
"The companies announcements and filings do not matter until the sec approves them. The shorts will not be covered by these shares."


The T/A has already started delivery on the 138,000. About 250,000 were sold, so someone is still short even after dilution.

yes the company guy and whoever else shorted are short, if company guy doesn't care, well then he's not part of the company anymore.
 
Posted by Trader88 on :
 
quote:
Originally posted by cruz:
amtd will not allow buy orders of GVRP. only sells.

Hmmmmmmm, I wonder why? Could it be they don't want the public buying, driving up pps????? Interesting, I think a lot of brokers will not allow buying this week, only selling. Someone's SHORT here....
 
Posted by Trader88 on :
 
Whatever we do, DO NOT give them shares at market! They will suck up any of those like a greedy sponge! Try not to bidwhack, and make them keep upping the bid, this may be the one (and only) time we get to control a stock totally.
 
Posted by keithsan on :
 
quote:
Originally posted by DM:
These two thing bother me:
1)the NASD official predicted individual brokerage firms will try to resolve their obligations through informal arrangements, arbitration or litigation.
http://investorshub.com/boards/read_msg.asp?Message_id=6735206&txt2find=arbitration

2)We want to thank the members of the brokerage community and our shareholders for their patience. We also want to thank those members of the brokerage community who provided very constructive assistance to us while we formulated our restructuring plan."
http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C06%5C21%5C31627050.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=GVRP

your first point, was not backed up by the link. couldn't find the wording in their.

your second point is from the company pr, and they are announcing whatever they WANT to do. not what has happened. Members of the brokerage community, not SEC and NASD.
 
Posted by cruz on :
 
you got it trader88. but if there are shorts out there and they need to be covered by eod friday. the mm can certainly raise the pps to buy what's left. right?
 
Posted by Trader88 on :
 
Keith, they have already started releasing shares, that has happened. This is the only thing I disagree with you on. I think this whole thing was hammered out with regulators, I guess you could say approved or whatever. ON THE CONDITION that shares are covered. JMHO...
 
Posted by pcloadletter on :
 
IMO - Until the shares are released, no shares will be traded. There will not be trading Monday. Open yes, trades no. Wells Fargo has already told me that they will call me when/if I can trade it.

When I tried to place an online sell order Friday, my phone was ringing within minutes. That right, they called me. I have been using the money from my initial sells since the beginning. No restrictions, no nothing. I was told they had the shares and the money was mine. (401K, so I can't withdraw it)

It would be interesting to see how many searches are done on the SEC site for GVRP information.

3 letters on the petition section and the few releases they have had. Everyone is looking to them for "protection and integrity" while we continue to get avoidance and ambiguity.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
you got it trader88. but if there are shorts out there and they need to be covered by eod friday. the mm can certainly raise the pps to buy what's left. right?

they will have to pay what we're selling at.

this only matters if we trade on monday.
 
Posted by pcloadletter on :
 
Trader,

They had already started releasing shares before. That is what got them into trouble.
 
Posted by Trader88 on :
 
This time they printed more up, I believe with permission.
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
This time they printed more up, I believe with permission.

SHOW ME WHY YOU BELIEVE THIS. and don't give me the companies rhetoric please.
 
Posted by Trader88 on :
 
Sorry, I just don't think the Company and their lawyers would be that stupid to just dilute on their own. There had to be some sort of approval for this.
 
Posted by cruz on :
 
so leave a mil shares for friday and set sell limit order at $5 a share for a cool 5 mil. LOL

quote:
Originally posted by keithsan:
quote:
Originally posted by cruz:
you got it trader88. but if there are shorts out there and they need to be covered by eod friday. the mm can certainly raise the pps to buy what's left. right?

they will have to pay what we're selling at.

this only matters if we trade on monday.


 
Posted by Trader88 on :
 
Keith, I don't have proof, I just don't think they would get themselves in even hotter water. What purpose would that serve? The company has got securities lawyers working on this, you think they are that stupid? Come on.
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Sorry, I just don't think the Company and their lawyers would be that stupid to just dilute on their own. There had to be some sort of approval for this.

What dillution? They filed to dillute, doesnt mean it was approved! Its just the first step.

IF they are allowed to print up shares, EVERY COMPANY trading on the stock exchanges now can. Do you thing the SEC wants this? for this POS.
 
Posted by pcloadletter on :
 
My guess is the brokers are not involved in any deals. If they were, all of us would have the shares in our accounts ready to go for Mondays "buyback" that would occur at .0001 or less (CMKX levels .00005).

We don't have them because the clearing agents don't have them. SOON, CLOSE, these words don't apply here. I am afraid that this will be ongoing for quite some time.

My suggestion is if your funds are clear, move them.
 
Posted by cruz on :
 
GVRP has filed. keithsan pointed out SEC does not need to make public their decision on GVRP filing. how will we know and if so when?
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Keith, I don't have proof, I just don't think they would get themselves in even hotter water. What purpose would that serve? The company has got securities lawyers working on this, you think they are that stupid? Come on.

What did they do to get themselves into hotter water, file to amend their authorized shares? Thats ok, they just can't flood to cover illegal shares. Your assuming a lot of things.
 
Posted by pcloadletter on :
 
The SEC cannot comment on an ongoing investigation even to the extent of telling us if it is ongoing or not.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
GVRP has filed. keithsan pointed out SEC does not need to make public their decision on GVRP filing. how will we know and if so when?

Allowing them to flood to cover up mistakes is currently illegal.
 
Posted by cruz on :
 
i cant put a sell order in for less than 0.0001. i don't think i need to worry about moving my funds from amtd. if i did, they still can touch my non GVRP funds and take it.

quote:
Originally posted by pcloadletter:
My guess is the brokers are not involved in any deals. If they were, all of us would have the shares in our accounts ready to go for Mondays "buyback" that would occur at .0001 or less (CMKX levels .00005).

We don't have them because the clearing agents don't have them. SOON, CLOSE, these words don't apply here. I am afraid that this will be ongoing for quite some time.

My suggestion is if your funds are clear, move them.


 
Posted by cruz on :
 
i think i will have a sell order in friday for a million shares at $5 a share. LOL
 
Posted by Trader88 on :
 
Not only that, but if the SEC hammered a deal out with them, I don't think they are required to tell us that.
 
Posted by Trader88 on :
 
Keith, we are all assuming a lot of things. One thing I can guarantee, one of us is right!
 
Posted by cruz on :
 
you know ************* has a hold on GVRP now [Smile] LOL
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Keith, we are all assuming a lot of things. One thing I can guarantee, one of us is right!

It is guess work in ways, but, using current RULES/LAWS and the SEC's need to make markets run smoothly rules out some outcomes in my book.
Just telling GVRP and shortsellers "hey you guys screwed up, print some more, don't sweat it" that outcome is completely insane.

and will lead to complete market chaos as well as opening them up to lawsuits.
 
Posted by cruz on :
 
a m e r i c a n b u l l s that is
 
Posted by cruz on :
 
i totally agree with you keithsan. isn't there a saying - "rules are made to be broken". also, lawsuits have gotten to the point where the only party making money are the lawyers. i don't think a lawsuit is in our best interest or the brokers, mms, SEC, T/A, company, etc.
 
Posted by Trader88 on :
 
What if the deal consists of "You can print more shares, but you still must buy-in"

In that case, not really breaking the rules (too much). Make the shares exist, but still make the insider cover their short. What's wrong with that? Or am I just groggy, waking up way too early on a Sunday Pacific Standard Time?
 
Posted by pcloadletter on :
 
I believe that a buy back would not be announced. Tomorrow we will know. If trading occurs, I would hate to work at a brokerage yet to deposit the shares.
 
Posted by Trader88 on :
 
Just doesn't make any sense to me. The company's lawyers would not let them issue shares without some kind of approval. I can almost hear the conversation:

PEARCE: "Mr. Lawyer, can we just issue more shares into the market to solve the problem?"

MR. LAWYER: "No, we absolutely can't do that. That would be breaking securities laws"

PEARCE: "Well, what if we struck some sort of deal with the regulators, would they allow it?"

MR. LAWYER: "Well, they might, on the condition that the insider and our T/A's insurance is required to buy some of them back to cover"

PEARCE: "OK, talk to the regulators, see if there is some kind of deal we can make"
 
Posted by pcloadletter on :
 
Mr. Lawyer: "SEC....Lets Make a Deal"

SEC: "Just make the calls go away"
 
Posted by Trader88 on :
 
EXACTLY!
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
What if the deal consists of "You can print more shares, but you still must buy-in"

In that case, not really breaking the rules (too much). Make the shares exist, but still make the insider cover their short. What's wrong with that? Or am I just groggy, waking up way too early on a Sunday Pacific Standard Time?

allowing the flood of any amount of shares to fix the proble IS wrong.

(doesnt mean it won't happen, but by existing standards it shouldn't)
 
Posted by pcloadletter on :
 
Mr Broker: "Stop calling me"

Mr Letter: "Just put the shares in our account and make Pearce buy them!"
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
Sorry, I just don't think the Company and their lawyers would be that stupid to just dilute on their own. There had to be some sort of approval for this.

Per DJ article the lawyer felt they were exempt. Curious that two other lawyers strongly disagree.

Gluv's lawyer Dreyer said the company would not be required to
register the 414 billion new shares it plans to issue because these
shares "are attached to the 138,000" free trading shares sold into the
market which themselves were exempt from registration requirement.

But some securities lawyers said that the SEC was likely to frown upon
Gluv's use of a state registration exemption to issue free trading
stock.

"This doesn't pass the smell test," said Steve Nelson, a lawyer whose
clients include the Pink Sheets LLC. Nelson said that a state exemption
related to a private placement to accredited investors is unlikely to
hold in the face of a large distribution of stock to the market place.

"This stock issuance is problematic under law," said Martin Kaplan of
law firm Gusrae, Kaplan, Bruno & Nusbaum. "If they (the company) can do
this, they can do anything."


http://www.investorshub.com/boards/read_msg.asp?message_id=6759158
 
Posted by Trader88 on :
 
Well, if they issue and still require some sort of covering, what's wrong with that? The investor is being protected, and company gets what they want.

May not be PERFECTLY legal, but this is a VERY unusual situation!
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
Just doesn't make any sense to me. The company's lawyers would not let them issue shares without some kind of approval. I can almost hear the conversation:

PEARCE: "Mr. Lawyer, can we just issue more shares into the market to solve the problem?"

MR. LAWYER: "No, we absolutely can't do that. That would be breaking securities laws"

PEARCE: "Well, what if we struck some sort of deal with the regulators, would they allow it?"

MR. LAWYER: "Well, they might, on the condition that the insider and our T/A's insurance is required to buy some of them back to cover"

PEARCE: "OK, talk to the regulators, see if there is some kind of deal we can make"

Gluv's lawyer Dreyer said the company would not be required to
register the 414 billion new shares it plans to issue because these
shares "are attached to the 138,000" free trading shares sold into the
market which themselves were exempt from registration requirement.

But some securities lawyers said that the SEC was likely to frown upon
Gluv's use of a state registration exemption to issue free trading
stock.

"This doesn't pass the smell test," said Steve Nelson, a lawyer whose
clients include the Pink Sheets LLC. Nelson said that a state exemption
related to a private placement to accredited investors is unlikely to
hold in the face of a large distribution of stock to the market place.

"This stock issuance is problematic under law," said Martin Kaplan of
law firm Gusrae, Kaplan, Bruno & Nusbaum. "If they (the company) can do
this, they can do anything."
 
Posted by Trader88 on :
 
Been eatin' too much Dreyers ice cream, or maybe marijuana laced brownies!
 
Posted by Mr Bill on :
 
quote:
Originally posted by Trader88:
Keith, we are all assuming a lot of things. One thing I can guarantee, one of us is right!

I would be careful at going out on a limb with GVRP. Anything can happen here. All I have to say is 1 share sold 250,000 times. New ALL time record for a short position.
 
Posted by Mr Bill on :
 
quote:
Originally posted by keithsan:
As far as all the math theories I've been reading since yesterday, I feel they are all wrong.

I do not think the sec will allow the company to put those shares into the market. The only way for everyone to cover the shorts is to buy.

Basically everything we own is short. It needs to be bought back. If there is a buyback going on, traders will also be buying in at the lowest oppurtunity. I will not be selling any on Monday. There will be a ton of people selling on monday to try and be the first seller. I'm not adding to the pressure. I will wait.

This is assuming that the stock even trades on Monday.

There is no reason for the SEC to allow this POS company to flood the market with shares to cover their butts. This would change the ways companies opperate.

Who is short, the company says one guys sold 138,000 shares he's short 3 mill for each one of those shares. He needs to buy back. The rest need to be bought back by TA, ins, MM's, whoever shorted the stock.

The companies announcements and filings do not matter until the sec approves them. The shorts will not be covered by these shares. Ameritrade and other brokerages have freed up money and will supposedly allow trading come monday. They probably have done this with the knowledge that the mistakes will be covered.

If shares do flood the market, and the rules have now changed, there will be lawsuits filed.

Good Luck.

Since this is the GREYS there is not a BID and ASK. There is ONE price. Trades are paired up. This IMO is an advantage to us as we dont get the 100% spread screw job on the pinks/OTC BB at .0001 x .0002
 
Posted by Mr Bill on :
 
Consider this- There was a OTCBB filing for the 3M to 1 FS and the 6.5M to 1 RS. Now we have this magical 3M to 1 FS applied to just "the insiders" shares BS. If that were going to happen one would expect to see an OTC BB filing for the 3M to 1 FS for just "the insiders" shares. It has not appeared. To me that says the FS they are using is not going to be allowed to happen. How then do they legally deliver our shares?
 
Posted by pcloadletter on :
 
(Rod Serling enters room cig in hand)

Consider if you will a man, a man with a simple plan. A plan to rid his company of all of its shareholders. A plan that backfires into the biggest screwup in the history of the company. Mr. Pearce will attempt to please all while saving his backside and the company.

Welcome to the trading zone.
 
Posted by cruz on :
 
marijuana laced rice krispie treat too!

quote:
Originally posted by Trader88:
Been eatin' too much Dreyers ice cream, or maybe marijuana laced brownies!


 
Posted by Trader88 on :
 
quote:
Originally posted by Mr Bill:
quote:
Originally posted by keithsan:
As far as all the math theories I've been reading since yesterday, I feel they are all wrong.

I do not think the sec will allow the company to put those shares into the market. The only way for everyone to cover the shorts is to buy.

Basically everything we own is short. It needs to be bought back. If there is a buyback going on, traders will also be buying in at the lowest oppurtunity. I will not be selling any on Monday. There will be a ton of people selling on monday to try and be the first seller. I'm not adding to the pressure. I will wait.

This is assuming that the stock even trades on Monday.

There is no reason for the SEC to allow this POS company to flood the market with shares to cover their butts. This would change the ways companies opperate.

Who is short, the company says one guys sold 138,000 shares he's short 3 mill for each one of those shares. He needs to buy back. The rest need to be bought back by TA, ins, MM's, whoever shorted the stock.

The companies announcements and filings do not matter until the sec approves them. The shorts will not be covered by these shares. Ameritrade and other brokerages have freed up money and will supposedly allow trading come monday. They probably have done this with the knowledge that the mistakes will be covered.

If shares do flood the market, and the rules have now changed, there will be lawsuits filed.

Good Luck.

Since this is the GREYS there is not a BID and ASK. There is ONE price. Trades are paired up. This IMO is an advantage to us as we dont get the 100% spread screw job on the pinks/OTC BB at .0001 x .0002
Mr. Bill, what do you imagine the price to be? How can greys be to our advantage if that "one price" is .000000000000001??
 
Posted by Trader88 on :
 
Keithsan, do you still think the insider is going to be forced to cover their position this week, somehow someway?

EDIT: cover HIS position. Sorry, bad grammar!
 
Posted by DirtyDealer1123 on :
 
In the event, we have a worse case senerio, and wind up with shares worth nothing. Can I demand paper copies of my shares? And can I demand that I want them all on indivual slips of paper(one share per certificate)? Because if so, Hell I think it would be neat to have UPS deliver 300 million shares! I would love to decorate my shed in shares of GVRP! Or just have a huge bonfire, in my backyard!
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Keithsan, do you still think the insider is going to be forced to cover their position this week, somehow someway?

EDIT: cover HIS position. Sorry, bad grammar!

I think they should be forced to cover.

this week, i don't know. I do know that I can't sell my shares as of right now and I use ameritrade.
 
Posted by Trader88 on :
 
Another question for you: Is it possible, if they are forced to cover, that they could wait until the new r/s has happened? Seems to me they would need to take care of the short before that, ie this week.
 
Posted by Trader88 on :
 
Yep, Ameritrade back to "This order cannot be placed" Tried to put a sell order for 1,000,000 at .01
 
Posted by cruz on :
 
maybe they have to wait til all the shares are delivered
 
Posted by keithsan on :
 
quote:
Originally posted by Trader88:
Another question for you: Is it possible, if they are forced to cover, that they could wait until the new r/s has happened? Seems to me they would need to take care of the short before that, ie this week.

again, that could happen but would BE COMPLETELY ILLEGAL under current SEC guidelines. if you think the SEC will throw out rules and regulations to help these people....
 
Posted by cruz on :
 
HELL NO.

quote:
Originally posted by keithsan:
quote:
Originally posted by Trader88:
Another question for you: Is it possible, if they are forced to cover, that they could wait until the new r/s has happened? Seems to me they would need to take care of the short before that, ie this week.

again, that could happen but would BE COMPLETELY ILLEGAL under current SEC guidelines. if you think the SEC will throw out rules and regulations to help these people....

 
Posted by Trader88 on :
 
I just don't know all that much about MM's accounts, and when they need to cover shorts. Doesn't seem logical that they could wait until the new r/s, but logic and actual rules sometimes differ.
 
Posted by Trader88 on :
 
Keithsan, I hope the rules are followed too. That would mean that ALL shorts will have to be covered. I would be absolutely peachy keen with that! Thanks for your insight on everything, I do appreciate it. You seem very well informed here about rules, etc.
 
Posted by Marcus on :
 
Wow, looks like I got my payday, well at least for yesterday...LOL

GLUV CORP (GVRP) 12,600,000,000 0.00 443.10 0.0001 1,260,000.00

My scottrade account somehow bumped up from 4.2mil shares to 12.6 bil. Millionare overnight.....
A shame it won't let me sell 'em.
 
Posted by rrttd on :
 
when did scottrade show youre shares i just cheked mine and no change
 
Posted by cruz on :
 
amtd shows gvrp as an invalid symbol right now.
 
Posted by pcloadletter on :
 
still nothing in my trading direct

will this trade today?
 
Posted by George on :
 
Scottrade has not posted shares yet. They are only showing in unrealized positions. They are also screwing with everyone by inflating the number of share. Not sure why. Maybe when they do allow trading they are hoping you sell more than you actually have so you are short and have to buy back. They multiplied everyone by 3000.

Scottrade has shown the shares in your unrealized positions since the split.

Scottrade show GVRP as restricted right now. No buys or sells. "# Not available for sale due to a reorg or a tender offer"
 
Posted by rrttd on :
 
scottrade reduced my shares in unrealized to 120000 instead of 120000000 im still getting messed with
 
Posted by George on :
 
They do not have a clue...I just printed mine. It shows an account value of 45+mil

Sweet....all on paper...

[ June 27, 2005, 09:05: Message edited by: George ]
 
Posted by vg on :
 
just got off th phone with amertrade,
"the MM's are not accepting any trades on GVRP but ameritrade has lifted the restriction on the funds that you received from selling the forward split shares on monday before the restriction was placed"
 
Posted by George on :
 
I do not think we will see this trading today.
 
Posted by pcloadletter on :
 
Not trading today
 
Posted by George on :
 
They are still busy printing new shares...it takes longer than they thought to to print billions.....
 
Posted by George on :
 
Probally will not trade until after the R/S
 
Posted by Marcus on :
 
quote:
Originally posted by rrttd:
when did scottrade show youre shares i just cheked mine and no change

This showed June 26th, now the shares are unavailable....
 
Posted by DM on :
 
it's there, just cant see it, lol

Dear Valued Izone Client,
>
> Right, the system shows you with 8 additional shares over your record. It
probably is immaterial - see below.
>
>
> The symbol is not on the web so you need to call in orders for GVRP.
However, that won't work either as
> market markers stop trading the stock as well.
>
> Sincerely,
>
> Client Services
 
Posted by Raptorsrule on :
 
Checked my unrealized gains at AMTD....It claims I have 750,000,000,000 shares....hilarious......
 
Posted by DENSKIJR on :
 
Dear Valued Izone Client,
>
> Right, the system shows you with 8 additional shares over your record. It
probably is immaterial - see below.
>
>
> The symbol is not on the web so you need to call in orders for GVRP.
However, that won't work either as
> market markers stop trading the stock as well.
>
> Sincerely,
>
> Client Services

Thats what an amertrade told me you have to place it through a broker and then the broker told me that the mms were not taking orders and that probably would not take them till after the r/s.
 
Posted by dishgal1 on :
 
Someone from IHUB called Atrade and they think it is a problem with gainskeeper....they don't know why the triple amount of shares are showing up there.
 
Posted by George on :
 
Bottom line is no matter what we will not make bank on this. Even thou they screwed up we will be the ones that get screwed. The old saying "if it sounds too good to be true...then it isn't"

They will R/S us and then buy back all the partial shares. Just like they did last time.

Did the people that sold the week before the F/S get their money. I almost sold when it was $10..Probally should have it would of been a 1000% gain for me.
 
Posted by slim on :
 
George, if you could have had a 1000% gain,but
did not sell,I do not feel for you.Greed will
get you 98% of the time.
 
Posted by pcloadletter on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6802722


Posted by: stock_rancher
In reply to: DesertRat1 who wrote msg# 67026 Date:6/27/2005 1:37:46 PM
Post #of 67031

GVRP NEWS FLASH!!!
I just got off the phone with Interwest and inquired about f/s shares being posted to accounts. Malinda said the per the DTC they are awaiting broker verification of trades, she was busy tracking down 3 trades. She instructed me to have Scottrade contact her at Interwest so she could issue my shares. I then called Scottrade and spoke to my local rep who then called corporate to get the ball rolling. If you have not seen GVRP post-split shares in your account, call your broker NOW and tell them that they need to contact Malinda at Interwest Transfer 801-272-9294 to get your shares delivered....... they do you no good sitting at Interwest, we need to get these last trades settled NOW so we can get a bid around here with the SEC and NASD Blessings. My 1 call to Scottrade has put a corporate wide action to get the shares delivered for Scottrade GVRP holders. Get on that phone right now, the clock is ticking!


***** I just got off the phone with trading direct. Once again, they think I am crazy. They told me that I would never see them. You could have heard a pin drop when I informed him that my other brokerage account had received them.
 
Posted by George on :
 
quote:
Originally posted by slim:
George, if you could have had a 1000% gain,but
did not sell,I do not feel for you.Greed will
get you 98% of the time.

It was not greed it was a 40 dollar lotto ticket. All I stood to lose was that. but at the time we were all in the same boat and could of sold but held out for the show. I knew it was a gamble but you have to play to win or loss. I am just using hind sight now and thinking back to that Friday when I was holding my thumb on the sell button. It was so tempting to sell and it took a lot of will power not too.

It is just now I feel that might of been the time to do it. It may still pay off better.
 
Posted by slim on :
 
You may be right you may be better off, you may all get your shares, I sincerely hope so. I guess I'm a little more conservative than the average trader, I've just seen it go the other way too many times. Best of luck to all of you.
 
Posted by H2NRG on :
 
GVRP Email from Scottrade this afternoon...

quote:
Dear Mr. xxxx,

Thank you for your email regarding your concerns with the security GVRP,
(GLUV Corporation). As you are aware, this security has endured issues with respect to its
reorganization recently. These issues have entailed many questions and have caused confusion among
investors and brokerages throughout the industry.

At this time, Scottrade has not received any information with instructions as to how this issue
will be resolved and how it will affect our customers' accounts. Please be assured that Scottrade
is working diligently with GLUV Corporation, its transfer agent, and DTC, to get this issue
resolved so that we may inform our customers. Once we are made aware of the final terms of
reorganization, you will be notified. We are unable make any changes to your account until
Scottrade receives the final decision from the proper entities.

We appreciate your patience and apologize for any frustration this may have caused.

Sincerely,
Tammy Greene
Compliance Supervisor
Scottrade. Inc.


 
Posted by cruz on :
 
remember GVRP plans to restructure their shares is just that. they filed but still need SEC approval. we are not out of the woods yet.
 
Posted by George on :
 
Two diffrent stories...

quote:
Originally posted by H2NRG:
GVRP Email from Scottrade this afternoon...

quote:
Dear Mr. xxxx,

Thank you for your email regarding your concerns with the security GVRP,
(GLUV Corporation). As you are aware, this security has endured issues with respect to its
reorganization recently. These issues have entailed many questions and have caused confusion among
investors and brokerages throughout the industry.

At this time, Scottrade has not received any information with instructions as to how this issue
will be resolved and how it will affect our customers' accounts. Please be assured that Scottrade
is working diligently with GLUV Corporation, its transfer agent, and DTC, to get this issue
resolved so that we may inform our customers. Once we are made aware of the final terms of
reorganization, you will be notified. We are unable make any changes to your account until
Scottrade receives the final decision from the proper entities.

We appreciate your patience and apologize for any frustration this may have caused.

Sincerely,
Tammy Greene
Compliance Supervisor
Scottrade. Inc.


Posted by: stock_rancher
In reply to: DesertRat1 who wrote msg# 67026 Date:6/27/2005 1:37:46 PM
Post #of 67031

GVRP NEWS FLASH!!!
I just got off the phone with Interwest and inquired about f/s shares being posted to accounts. Malinda said the per the DTC they are awaiting broker verification of trades, she was busy tracking down 3 trades. She instructed me to have Scottrade contact her at Interwest so she could issue my shares. I then called Scottrade and spoke to my local rep who then called corporate to get the ball rolling. If you have not seen GVRP post-split shares in your account, call your broker NOW and tell them that they need to contact Malinda at Interwest Transfer 801-272-9294 to get your shares delivered....... they do you no good sitting at Interwest, we need to get these last trades settled NOW so we can get a bid around here with the SEC and NASD Blessings. My 1 call to Scottrade has put a corporate wide action to get the shares delivered for Scottrade GVRP holders. Get on that phone right now, the clock is ticking!


***** I just got off the phone with trading direct. Once again, they think I am crazy. They told me that I would never see them. You could have heard a pin drop when I informed him that my other brokerage account had received them.
 
Posted by BuyTex on :
 
My scottie guys are daisy-chainin'...
 
Posted by Trader88 on :
 
This aint over by a long shot fellas. Once delivery of shares is confirmed, hopefully brokers will remove all restrictions on trading. Anyone who is short out there, MM's whoever, is going to have to face the music.

I believe there are shorties out there, and waiting until the new r/s isn't going to help them, it will make no difference in their short positions, they will still need to cover it no matter what.

Don't give up hope, the fat lady has not even begun to step up to the mic yet.
 
Posted by BuyTex on :
 
I'm watching these extremes, eg, AT delivers early, got a "stock god CEO" on the rise, freezes up, then thaws their folks' cash...

Meanwhile, Scottie won't budge. "Nope, nothing till we hear from DTC." Now, they're still NOT delivering shares BUT posting unrealized gains at some astro "Jetsons' Fantasy" level, lol...

math done took a whacking on this deal...

but, Trader? Love yur enthusiasm...scit em!
 
Posted by H2NRG on :
 
6/24 Gainskeeper 3000:1 split was a mistake...
oh well...

quote:
Subject:
GainsKeeper Support -6/24/05 GVRP Stock Split?
Date:
Tue, 28 Jun 2005 12:30:09 GMT
From:
<support5@gainskeeper.com>
To:
xxxxxx


The 3000:1 split was on 6/24/2005 was a mistake, we have resolved that in our
system. Thank you for brining it to our attention.

Sincerely,
GainsKeeper Support
Click here to reply to this email

GAINSKEEPER
Powering Investors to Better Results

Original Inquiry:

I show in my Scottrade GainsKeeper symbol history a 3000:1 split occurred on
6/24/05 for ticker symbol GVRP. Would you please confirm that this is a valid split?
Thank you.


 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=6813158
quote:
Posted by: LoriWhip
In reply to: None
Date:6/28/2005 10:49:49 AM
Post #of 67333

per Melinda at Interwest just now... They have 3 FIRMS that still have not " settled " a deal for transfering shares. Citigroup , Charles Schwab and the 3rd was not named even when she was asked. They are evidently first in a chain of transfers that must happen before our brokerages get us individuals our shares. Some have 3 or 4 tranfers to make before they get to our accounts and it is being worked on. As far as this quote
"T/A said shares where delivered "to people who sold""
I asked and was told that it referred to the brokerage firms who sold the shares to US , leads me to believe MM's ?? although she did not state that as fact to me , it was how I took it.
She also said that she was trying to get this done for all of us by the end of the month and as soon as these 3 firms settled it was out of her hands to get any farther to us. I am just hoping that they don't pull off this r/s split and that trading will resume when all the " Firms " have settled. Then it will be a fingers crossed that there is any kind of a market or the SEC actually does something. If you want to call Melinda , 801-272-9294 press 3 for company directory *8 plus ext# 15.
Doubt this helps any but just reporting what I was told ;}


 
Posted by khartmann on :
 
so are just basicaly waitng now?
 
Posted by Purl Gurl on :
 
This interesting from E*Trade, credit for those
dividend shares and a debit for those same shares.

(most recent transaction at top)

06/28/05 Dividend -300000000 shares, GLUV CORPORATION 0.00
06/28/05 Dividend 300000000 shares, GLUV CORPORATION 0.00
 
Posted by dishgal1 on :
 
My balance just zeroed out on GVRP....still shoing shares at ZERO>
 
Posted by dishgal1 on :
 
Ooops, "showing" not shoing! LOL Never proofread. LOL
 
Posted by Purl Gurl on :
 
"shoing" works for me! I speak Okie.

I considered calling E*Trade to inquire then
decided others are doing the same. An answer,
or a guess, will show up on boards.

This is rat funny!
 
Posted by H2NRG on :
 
Still no change in my Scottrade acct. Still have that # Not available for sale due to a reorg or a tender offer and the pre-F/S number of shares.
 
Posted by DENSKIJR on :
 
In my Ameritrade acct. my gvrp shares are showing worthless up until today they were valued at .0001
 
Posted by rrttd on :
 
now in my gains keeper it shows me back to 40 sh it was 1,200,000 yesterday and its suspose to be12,000,000
 
Posted by rrttd on :
 
i mean 120,000,000
 
Posted by dishgal1 on :
 
Now my balance is back..weird things going on here.
 
Posted by Purl Gurl on :
 
Now you see it. Now you don't!

Has to be Magic Media!
 
Posted by Purl Gurl on :
 
Appears to me brokers and market makers are
clearing their books. Transaction histories
at brokers are showing customers received
their split shares, then promptly sold them,
for zero gain; zero net balance.

Nice neat balance books! Order has been restored.
 
Posted by pcloadletter on :
 
Another day.....another day
 
Posted by pcloadletter on :
 
OK, just got home and opened a letter from Wells Fargo.

Reorg Transaction Notification
6/24/05

Cusip; 2109289 and 379896202

GLUV Corporation New 50 Deliver


They have taken the original 50 shares out of my account, but left me what is left of the FS shares. Has anyone else noticed their original shares missing? The Action Dept will be getting back with me tomorrow.
 
Posted by pcloadletter on :
 
You will love this, when I called them, they actually told me that they were searching Google to look for news on GVRP.
 
Posted by BuyTex on :
 
classic
 
Posted by cruz on :
 
same here but at least i have my shares.

quote:
Originally posted by DENSKIJR:
In my Ameritrade acct. my gvrp shares are showing worthless up until today they were valued at .0001


 
Posted by H2NRG on :
 
quote:
Originally posted by cruz:
same here but at least i have my shares.

quote:
Originally posted by DENSKIJR:
In my Ameritrade acct. my gvrp shares are showing worthless up until today they were valued at .0001


cruz... you have Scottrade, am I correct? You have received your FS shares? I haven't yet.
 
Posted by cruz on :
 
i have amtd and received have my f/s shares.

quote:
Originally posted by H2NRG:
quote:
Originally posted by cruz:
same here but at least i have my shares.

quote:
Originally posted by DENSKIJR:
In my Ameritrade acct. my gvrp shares are showing worthless up until today they were valued at .0001


cruz... you have Scottrade, am I correct? You have received your FS shares? I haven't yet.

 
Posted by H2NRG on :
 
Sorry... thought you had Scottrade. Still playing the waiting game for my FS shares.
 
Posted by Purl Gurl on :
 
I wrote,

06/28/05 Dividend -300000000 shares, GLUV CORPORATION 0.00
06/28/05 Dividend 300000000 shares, GLUV CORPORATION 0.00

Those entries have now vanished from my E*Trade
transaction history sheet.
 
Posted by cruz on :
 
price is now showing in my amtd account this morning. was zeroed out yesterday.
 
Posted by Purl Gurl on :
 
All zeroes on my E*Trade Pro live feed.
 
Posted by Purl Gurl on :
 
News dated June 21, 2005.

"Approximately two weeks from today...company will
file amended and restated articles...reverse split,
into a total of 3 million shares...."

Reverse split is tentatively set for next Tuesday.

If effected, almost all will have zero shares.
 
Posted by Purl Gurl on :
 
This references next Tuesday's reverse split
and our not having received our forward splits.

----

Posted by: Purl Gurl
In reply to: dkgross who wrote msg# 1795
Date:6/29/2005 10:46:22 AM

RE: How The Hell, by DK Gross

DK Gross, concerned, asks,

"how the hell is this all going to happen
if nobody ever GETS the first F/S shares
in the first place???"

That part is easy! After the reverse split,
each of us will owe GLUV millions of shares.
We will be short, will have buy shares from
GLUV to cover, and GLUV will set the price.

GLUV is reversing the short squeeze on us!

I have one-hundred "before" forward split
shares. GLUV, next Tuesday, will reverse
split three-hundred-million to one. I will
owe GLUV three-hundred-million shares, minus
my one-hundred shares. I will have to buy
shares from GLUV to cover my reverse split
shorts or face SEC sanctions.

Makes perfect sense, yes?

Purl Gurl
 
Posted by Raptorsrule on :
 
No...it does not make perfect sense.

It makes no sense at all...
 
Posted by DENSKIJR on :
 
It makes no sense at all. I have recived my shares according to ameritrade sold 1/3 of my position which they have credited my account and the transaction has settled. I just transferd the funds as of today [Razz]
 
Posted by DirtyDealer1123 on :
 
I have Etrade, and have yet to ever see more than 100 shares in my account. So to those of you who made $$ GOD BLESS YA!!!
 
Posted by <scott> on :
 
no shares recieved in scottrade yet.

only gainskeeper bs numbers.

i called the brokerage - same story. "don't know, restructure, blah blah, waiting for shares."

any luck with that interwest melinda connection?
anyone here with scottrade with shares already recieved?
 
Posted by Purl Gurl on :
 
Interesting thread by SSP and others. Appears
this company "might" be following the precedence
set by GVRP for R/S then F/S for profit.

Click on the "who wrote msg#" links to move
backwards to read complete thread.

----

Posted by: SSP
In reply to: yayaa who wrote msg# 67646
Date:6/29/2005 1:16:12 PM

I think OPMI is following a GVRP precedent, starting already.
 
Posted by Purl Gurl on :
 
Sorry, forgot to include a link. Start here,

http://www.investorshub.com/boards/read_msg.asp?message_id=6829206
 
Posted by H2NRG on :
 
Has anyone been in touch with Carol Remond lately? Would be nice to have an updated story from shareholders' perspective. She should get the straight poop from Melinda at Interwest, on how they're issuing the shares.
 
Posted by Rebel_Yell on :
 
My post split shares at Scottrade are free to trade again.
 
Posted by cruz on :
 
No volume today. Are you saying you can put an order in? Is this the first day you received your post split shares?

quote:
Originally posted by Rebel_Yell:
My post split shares at Scottrade are free to trade again.


 
Posted by cruz on :
 
GVRP is an invalid symbol through Ameritrade.
 
Posted by Rebel_Yell on :
 
That changed in a hurry. The re-org symbol is back up. These were shares that I bought post split.
 
Posted by cruz on :
 
what's the re-org symbol?
 
Posted by Rebel_Yell on :
 
# Not available for sale due to a reorg or a tender offer
 
Posted by cruz on :
 
pps in amtd keeps flipping from zero to 0.0001.
 
Posted by khartmann on :
 
I just got cashed out my scottrade account. They sent me the money that I recieved from the sale of my 20 shares on Friday prior to the split.... I only did that to get back my initial investment.... still have 80 shares..... but hey, i got paid!!!
 
Posted by dishgal1 on :
 
Some interesting DD.....on GVRP Remember Gerald C Parker in the Gluv PR? Parker Sr. and Parker Jr. are attorneys.

Excerpt from PR:
GLUV Corp. Announces Entry Into the Entertainment Industry
Tuesday May 17, 10:25 am ET


WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 17, 2005--GLUV Corp. (Pink Sheets:GVRP - News), announced today it has finalized a Merger Agreement with DigiKidz Holdings, Inc., a Florida corporation. GLUV Corp. has also filed with the State of Florida to change its name to Media Magic, Inc. after effecting the Merger.
The transaction requires all current officers and directors of GLUV to resign, and provides for the appointment of the Media Magic management team to their appropriate positions in the new company.

After effecting the merger, Gerald C. Parker and Robert W. Pearce will serve on the Board of Directors of the new entity, Gerald C. Parker as Chairman of the Board, and Robert W. Pearce as Chief Executive Officer, Secretary and Treasurer of Media Magic.

[b]Now check out these tidbits:[/b]

http://parkerwebsite.com/email.html
Email Addresses

Gerald C. Parker Sr. - Attorney at Law

Geraldo33@web.net Home

Gcpsr@bellsouth.net Office

Gerald C. Parker Jr. - Professional Engineer (Civil/Site)

parker001@infoave.net Home

gparker@landdesign.com Office

Wallace Parker

woparker@tu.infi.net Home

Neil Parker

nparker@enitecnologie.eni.it Home

[b]and another- seems as if he is an insider in several companies[/b]

http://biz.yahoo.com/t/96/898.html

PARKER, GERALD C.: Declared Holdings
Company/Relationship Reported Shares Ownership
BIDVILLE INC
Director
OTC BB:BVLE.OB
(historical quotes, profile, other insiders) 20-Jan-05 10,646,050 Indirect
CIRILIUM HOLDINGS
Director
OTC BB:CRLU.OB
(historical quotes, profile, other insiders) 13-May-05 6,676,250 Indirect
HORIZON HOLDING CORP
Unspecified Relation
OTC BB:HRZH.OB
(historical quotes, profile, other insiders) 2005-05-02 not reported


Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction ADVERTISEMENT


13-May-05 *843,750 CRLU.OB Sale at $0 per share.
2-May-05 35,467 HRZH Planned Sale
(Estimated proceeds of $24,117)
20-Jan-05 *100,000 BVLE.OB Purchase at $0.48 per share.
(Cost of $48,000)
13-Jan-05 *90,000 BVLE.OB Sale at $0.29 - $0.31 per share.
(Proceeds of about $27,000)
2-Aug-04 *438,034 CRLU.OB Private Sale at $0.75 per share.
(Proceeds of $328,525)
1-Jul-04 *4,480,000 CRLU.OB Private Sale at $0.0001 per share.
(Proceeds of $448)
28-May-04 *14,000,000 CRLU.OB Statement of Ownership
28-May-04 *12,000,000 CRLU.OB Statement of Ownership
28-May-04 *2,000,000 CRLU.OB Statement of Ownership
27-May-04 *413,950 BVLE.OB Private Sale at $0 per share.
15-Mar-04 *633,300 BVLE.OB Private Sale at $0.02 per share.
(Proceeds of $12,666)
5-Feb-04 *1,350,000 BVLE.OB Private Sale at $0.02 per share.
(Proceeds of $27,000)
12-Dec-03 *3,966,700 BVLE.OB Private Sale at $0.0001 per share.
(Proceeds of $396)
10-Dec-03 *17,000,000 BVLE.OB Statement of Ownership
 
Posted by keithsan on :
 
fun stuff ehh dish, monday could be interesting
 
Posted by Mr Bill on :
 
Tuesday even more so... Monday is the 4th
 
Posted by keithsan on :
 
ahh, oversees at the moment, 4th isnt even discussed, enjoy the holiday everyone.
 
Posted by George on :
 
No F/S shares yet in Scottrade. I guess they can not do a R/S until everyone get the F/S shares. If they did it before that they could only R/S the shares we actually have in our accounts?
 
Posted by BuyTex on :
 
MAGNETIC--
please post any r/s news on this thread besides your usual excellent work, if you don't mind. If you do, please post that you *will not*

THANKS for looking...
 
Posted by glassman on :
 
here is a site that you can check your own self [Big Grin]

http://www.nasdaq.com/reference/upcoming_splits.stm
 
Posted by keithsan on :
 
or use the daily list [Smile]
 
Posted by BuyTex on :
 
ok, ok...lol--just don't want anybody to miss it...

we still think the 10-day notification rule exists, right? . . . even for these guys
 
Posted by dishgal1 on :
 
Media Magic, Inc., Formerly Known as Gluv Corp. Announces Completion of the Previously Announced Restructuring Plan
Business Wire - July 06, 2005 10:28

WEST PALM BEACH, Fla., Jul 06, 2005 (BUSINESS WIRE) -- Media Magic, Inc. (Pink Sheets:GVRP) announced today that on July 5, 2005 it has effected a reverse stock split of three million shares for every one share of its common stock completing the Restructuring Plan announced on June 21, 2005.

The company has filed amended and restated articles of incorporation that provides for all outstanding shares of Class A common stock to be divided, i.e., reverse split, on a 3 million to 1 basis. Fractional shares will not be issued and instead will be rounded up to the nearest whole share.

All Class A and Class B common stock will be converted having one vote per share. The total number of shares that the company will be authorized to issue will be reduced to 150 million shares consisting of 100 million common shares, of which approximately 77 million shares will be outstanding and 50 million preferred shares issuable in one or more series, none of which will be outstanding.

Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "This reverse split completes the restructuring plan previously announced on June 21, 2005." Concurrent with the name change the company has filed for a symbol change. This plan allows Media Magic to move forward as a public company and execute its business plan.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

SOURCE: Media Magic, Inc.

Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
 
Posted by dishgal1 on :
 
Guess this will be the norm with the pinkies now. They pulled it off, although no one can find a filing for this R/S, not to mention the people who don't even have their shares from the previous F/S....UNBELIEVABLE~
 
Posted by DENSKIJR on :
 
Nothing has changed in my acct. when is this reverse split supposed to happen. the pr seems to project that it has already taken place.
 
Posted by dishgal1 on :
 
Hey where is everyone? Have you read the news?
 
Posted by yoke yanker on :
 
Yea, read the news, just don't know what to think of it. Sounds like wishful thinking on GVRP's part.
Cheers
 
Posted by Purl Gurl on :
 
Pretty darn funny and completely unlawful.
 
Posted by cruz on :
 
you got that right purl. just read the news and bamm in your face. you are screwed.
 
Posted by cruz on :
 
so i should be able to put a sell order in at $300 a share after r/s?
 
Posted by keithsan on :
 
again, last pr said the rs would take place monday, it didn't happen.

they can issue these screwy pr's all they want, nasd knows nothing about any rs
 
Posted by cruz on :
 
a scare tactic [Smile]
 
Posted by DENSKIJR on :
 
ya thats what Im sayin

again, last pr said the rs would take place monday, it didn't happen.

they can issue these screwy pr's all they want, nasd knows nothing about any rs
--------------------------------------------------------------------------------

Nothing has changed in my account
 
Posted by dishgal1 on :
 
This from IHUB

Posted by: XXXXXXXX
In reply to: SSP who wrote msg# 68373 Date:7/6/2005 11:25:53 AM
Post #of 68402

GRVP is going to get away with it. Ameritrade finally sent me a letter out in the mail saying that all trades stand and that we can trade GRVP but that there is no market. GRVP and the brokers are going to get away with it and it looks like traders that sold after the forward split on that Monday win. The rest of us are ****ed!
 
Posted by dishgal1 on :
 
very interesting post from IHUB:

Posted by: XXXXXXX
In reply to: Art2Gecko who wrote msg# 68396 Date:7/6/2005 11:38:21 AM
Post #of 68408

Well, I made a phone call and hopefully this will help anyone involved with GVRP to sit back, relax and wait for this fiasco to take it's proper course. The person I spoke with asked me not to use their name, so don't even ask me who it is; it is someone from one of the regulatory bodies.

The following is factual information and was comfirmed by this person:

1) The NASD hasn't posted on their website about GVRP and it doesn't appear they will. (Remember, they are the ones who determine the ex-divy dates).

2) There is an active, ongoing investigation by the SEC, although calling them would do no good, since they can't comment on ongoing matters.

3) The Florida Division of Securities Enforcement has recently started their own investigation. (I do have a name and phone number for someone there who knows about it whom I plan on calling; I will not reveal who it is since the person I spoke with today doesn't want me to use their name.)

I asked this person if they knew how long this would play out until it gets resolved and this person laughed and said "Awhile". All they would say is the regulatory bodies are fully aware of what GVRP is trying to do and are well-versed on the events that have occurred so far.

So sit back, relax, and let's see what happens next...
 
Posted by DENSKIJR on :
 
Hey Dish,

I like this

So sit back, relax, and let's see what happens next...

I think thats all we can do any LOL
 
Posted by glassman on :
 
the Senate will be investigating too, i hear [Big Grin]
 
Posted by Purl Gurl on :
 
Email To SEC & NASD

Subject: GLUV Corporation / GVRP Securities Fraud

To: enforcement@sec.gov
CC: chairmanoffice@sec.gov
CC: NASD complaint webform

BEGIN
-----

Consensus Is SEC and NASD Have Received Bribes.

I am writing to comment on consensus amongst thousands of investors
who are vested in GLUV Corporation, trading as GVRP ticker.

You at the SEC and at the NASD have extensive documentation about
events surrounding GLUV Corporation of recent dates. I suggest you
review those hundreds of complaints of financial crime registered by
stockholders of GLUV Corporation.

As you know, today, July 6, 2005, GLUV announced an unlawful reverse
split with blessings from the SEC and the NASD. These activities by GLUV
are clearly in violation of numerous SEC rules and regulations. This is
a notion beyond debate; documentation you hold display securities fraud.

My concern is consensus amongst hundreds of investors is individuals
at both the SEC and the NASD have taken bribes to effect no actions
to be taken against GLUV. It is clear GLUV has illegally gained what
we believe to be one-half-million to one-million dollars in illegal profits.

Our consensus is GLUV used a portion of those illegal gains to bribe
selected individuals at the SEC and at the NASD, which is much in
keeping with your long history of internal graft and corruption.

I find your criminal behavior to be absolutely abhorrent.

Regards,

Bozo The Clown

cc: NASD
cc: chairmanoffice@sec.gov
 
Posted by Purl Gurl on :
 
Trolls over at the IH boards are having a
real field day with that one!

I may yet make the rodent boys Hall of Fame!
 
Posted by keithsan on :
 
That one is perty funny Purl.
 
Posted by Purl Gurl on :
 
"Purty"

Gotta say "purty" if you are to talk like me!

I am bored with our stagnant markets. Seems a
good time to stir up some controversy.

Already talk of my being sued by the SEC and NASD.

I love it.

Purty darn funny!

My hunch is we have months to wait before any
of these GLUV questions are resolved. Have to
give those ignorant clowns at GLUV credit,
especially Pearce and his attorney, for being
rather obvious blithering idiots, which seems
a consensus.

I do enjoy a laugh over their periodic news releases!
 
Posted by Purl Gurl on :
 
FOIA Response From The SEC

http://www.purlgurl.net/foia.jpg

(cannot post an image here for whatever reason)

That is page one of four pages.

Closing comment is,

"Finally, according to our computerized records,
we have received 135 complaints and/or inquiries
concerning GLUV Corp. If you are interested in our
reviewing these records for release under the FOIA,
please authorize...."

Original ink signature by Frank A. Henderson

Other three pages contain no material of worth.

--

Only 135 written concerns. You boys are not
doing a very good job.

Purl Gurl
 
Posted by bfthunter on :
 
Purl Gurl, While your bored whats your take on CLSI. I know your in for the long ride but are you still buying. Its at .014 now. Couldnt find your last remarks. Glenn
 
Posted by Purl Gurl on :
 
Yes, I have returned to accumulation of CLSI with
last quarter having ended recently. I am using
CLSI buys towards credit for my "free" live feed
through E*Trade Financial.

CLSI is not for everyone. This is an extremely
long term hold; many years.
 
Posted by George on :
 
Purl...Nice Hoooottters...anyway the complaints are mostly all ours...
 
Posted by Purl Gurl on :
 
"This exemption protects from disclosure records
compiled for law enforcement purposes, the release
of which could reasonaby be expected to interfere
with enforcement activities."

Only comment I found of interest. Could be a
standard issue response of no meaning.

Purl Gurl
 
Posted by Purl Gurl on :
 
George, if you are referring to my Sheriff's office
booking in Oklahoma, I had no choice, they arrested
me in the nude, out by a small local lake.

I figure with celebrities releasing booking photos
which are less-than-complimentary, I should too!
 
Posted by BuyTex on :
 
Are you still talking about Nick Nolte?

HEY?!>!? what's the local, network-TV-affiliate closest to these GLUV-metamorphs' HQ?

got an idea, but no time right now...

electricity beckons...regresso manana

can't research much, prolly for a nuther coupla months--helping with a lil contracting biz that's suddenly quite hectic, plus the band is taking off due to recent nomination for award...

really, seriously, truly yours: we need to sic on GLUV "who hates the hands that bit it!" the crew from "Action TV" (or whatever their local "watchdog/consumer TV" deal is, PLUS, a competing paper, and maybe the closest "alt news"--don't flood em. repeat, do not FLOOD them: a coupla well-informed messages, just to stir interest.
 
Posted by Raptorsrule on :
 
just on the "outside" chance the powers that be let this travesty happen, be learned. We will now have a new precedent / pattern to prey upon. For if this precedent is set, and other scam artists attempt it....all ya gotta do is sell as many as you can as fast as you can....

My shares are still in my account. If that changes, I plan on kick'n dat A$$...

just my humble opinion......looks better spelled out huh....
 
Posted by BuyTex on :
 
predators adapt...prey become fillet...
 
Posted by imakmony2005 on :
 
SHEEP GET SHERED
 
Posted by cruz on :
 
i still have my post split shares in amtd
 
Posted by Raptorsrule on :
 
Pondering....

The company has filed amended and restated articles of incorporation that provides for all outstanding shares of Class A common stock to be divided, i.e., reverse split, on a 3 million to 1 basis. Fractional shares will not be issued and instead will be rounded up to the nearest whole share.

Hmmmm.....with 290000000 in my account that says I would still hold 96 shares post reverse split. based upon it's last known sale price of .0001 that equals $29,000. which in turn means my 96 shares are worth roughly $302 per share. Hmmmmmmmm.....idiots....
 
Posted by cruz on :
 
but will there be a market at 300 / share? would you be able to find a buyer?
 
Posted by Raptorsrule on :
 
Who knows......point is their math doesn't work..silly ba$tards.....they're PRing BS
 
Posted by cruz on :
 
from IHUB...

Posted by: XXXXXXXXX
In reply to: None Date:7/6/2005 4:58:13 PM

GVRP - just got off the phone with the famous Lorraine at Interwest Transer. (wohoo! lol)

She knew nothing about the reverse split, or today's PR...lol I had to read it to her over the phone, then directed her to pinksheets.com for her to read it herself...

She was familiar with the 6/21 PR and that they were planning a "solution" to the mess, so to speak, but had no information about any reverse split as of yet. She was quite surprised to hear that the PR stated they effected the R/S on July 5th...lol

She had heard that they might be doing something later this month, but has no info on anything as of yet.

They've received nothing from the company about this, and nothing from Nasdaq. I mentioned that in the PR they talked about filing the corporate amendments, but that nothing was there on the FLA SOS site yet (she was familiar with it), or on the dailylists. She didn't know what to say about it, other than there was no R/S that the TA had been made aware of yet. She said she would relay the info to her boss about it as well..
She agreed this has been quite the unusual stock (laughingly)

I asked her about the F/S distribution since I still haven't received any shares yet. She said they have been going out in batches to the DTC, yesterday, and even today, and they should all be distributed to the DTC by the end of this week. She couldn't say exactly how long individual brokers might start delivering shares, but she thought that it shouldn't be too much longer once all the shares were delivered to the DTC.

I'm beginning to think Pearce and the rest of his cronies are nothing more than fiction writers..lol UNBEAL.....
 
Posted by H2NRG on :
 
GVRP ticker change tomorrow to MAMG...
[url]http://www.otcbb.com/asp/dailylist_detail.asp?d=07/07/2005&mkt_ctg=NON-OTCBB[/url]

[ July 07, 2005, 16:00: Message edited by: H2NRG ]
 
Posted by cruz on :
 
it's july 7th and i still have my shares Pearce.
 
Posted by H2NRG on :
 
But tomorrow those GVRP common shares are history, and we will eventually get MAMG shares in whatever form Pearce and the SEC have contrived.
 
Posted by George on :
 
we have not even received our F/S shares yet.
 
Posted by cruz on :
 
should we put sell orders in for 300 / share in MAMG?
 
Posted by cruz on :
 
we will see H2 [Smile]
 
Posted by H2NRG on :
 
IF Pearce and company have gotten away with this partial reverse split to their preferred A/B share structure, then we may not ever get our F/S shares--we may just end up having our present pre-F/S GVRP shares changed over to MAMG shares, have our spankings, and then let us cry in the corner.
 
Posted by H2NRG on :
 
Hey, the UBB Code is no longer enabled. I guess we can't quote anymore. Maybe the thread was getting too long that way?
 
Posted by H2NRG on :
 
Media Magic "AMENDED AND RESTATED ARTICLES" filed today--gotta wait for them to be posted on-line at [URL]http://www.sunbiz.org/scripts/cordet.exe?a1=DETFIL&n1=P01000001011&n2=NAMFWD&n3=0001&n4=N&r1=&r2=&r3=&r4=GLUV&r5=[/URL]
 
Posted by DENSKIJR on :
 
I was thinking that even if they got the name change it wouldn't change a thing but maby it will, maby they have pulled it off
 
Posted by Trader88 on :
 
Just had a thought. Maybe it will happen like before. What I'm saying is that people with Ameritrade might once again win out here. I have f/s GVRP shares in my account still. Tomorrow theoretically I'll have MAMG shares. If it trades, possibly the only ones who can unload again are Ameritrade people. That would be weird, but us Ameritraders might just have a second chance.

If no one else has shares yet, the market won't be flooded with sells, only Ameritrade sells. If this happens, I'm dumping all I have left.

Another thing is that the NASD warning only applies to the old symbol. Maybe MAMG will get a quote and a bid?
 
Posted by H2NRG on :
 
Looks like I missed joby's post from IHUB when dishgal posted it yesterday. Sorry for the repeat, folks.
 
Posted by cruz on :
 
symbol changed and i still have my shares [Smile]
 
Posted by cruz on :
 
MAMG an invalid symbol though in amtd
 
Posted by Purl Gurl on :
 
No symbol change for E*Trade, still no trading
in neither GVRP nor MAMG stock. No forward split
shares for E*Trade accounts.

However, there is some very good news!

I saved lots of bail money by switching to
Heckle Bail Bond Services.
 
Posted by H2NRG on :
 
No change in Scottrade, either. Still GVRP#, with the footnote "# Not available for sale due to a reorg or a tender offer".
 
Posted by Raptorsrule on :
 
Currently holding 250 million shares of MAMG shares in my AMTD account. Last sale price says .01....needless to say the account looks real nice today..LOL
 
Posted by cruz on :
 
sure does raptor [Smile] too bad the symbol is invalid.
 
Posted by cruz on :
 
i will settle for a 2 mil or so.
 
Posted by DENSKIJR on :
 
Is there any benefit of showing a price of .01???
then when they do the reverse split if it even happens your talking about a $30,000.00 stock price. Im sure it will drop like a rock but going from 30,000. to 300.00 seems like 300.00 would be a good deal. Just thoughts probly not a whole lot of logic buy hey its friday [Wink]
 
Posted by cruz on :
 
over on ihub, apparently people are getting their f/s shares. looks like delivery of f/s shares started today.
 
Posted by BuyTex on :
 
which peeps, cruz?

other than amtd?
 
Posted by H2NRG on :
 
[url]http://www.investorshub.com/boards/read_msg.asp?message_id=6919902[/url]

[quote]Posted by: Rocket Blasters
In reply to: M0NEYMADE who wrote msg# 2062
Date:7/9/2005 11:44:58 AM
Post #of 2064

TDW Canada has given us our GVRP shares finally[/quote]
 
Posted by cruz on :
 
a new board stated on ihub under MAMG.
 
Posted by BuyTex on :
 
master keith can edit the title of this thread; i suggest "loki" . . .
 
Posted by keithsan on :
 
nah this thread kills me feel like i'm a qbid/cmkx/ibzt groupie.
 
Posted by BuyTex on :
 
lol, it's all academic, man--as Hilander said of UNQT: "morbid curiousity . . ."

Keith, are you posting from a wifi spot at the Parthenon? Enjoy...
 
Posted by Purl Gurl on :
 
This morning, E*Trade shows I have no GVRP shares
nor MAMG shares, but do have a new cusip number
shares with a value of .01 per share. Only a
hundred shares though, instead of the hundreds
of millions owed to me.

This is becoming like a watching a Three Stooges
all day marathon. Most entertaining.

Just say MOE!
 
Posted by H2NRG on :
 
MAMG 7/7/05 AMENDED AND RESTATED ARTICLES now on sunbiz site, copied here...
[url]http://www.investorshub.com/boards/read_msg.asp?message_id=6940969[/url]
 
Posted by BuyTex on :
 
thanks for posting that, Hydrogen, i've clicked on it several times and can't get a viewer that scrolls past the first frame.

wut a bunch! ya gotta admit it takes a certain strain of low-life to f'around out in public-document land...

fwiw, local Scot-guy says reorg dept is to distribute "news/update" to branches tomorrow...
 
Posted by H2NRG on :
 
News from Scottrade? Say it ain't so! Hard to get any news from them besides the same old, same old. Looking forward to hearing what the latest is tomorrow.

BTW, try downloading one of these tif viewers and see if you can read the whole document... http://phoenix.gov/tiffview.html . I'm using the Kodak Imaging for Windows program that came with Windows 2000, but is no longer with XP. I printed the document into Acrobat Distiller, then within Acrobat, copied each page and pasted into Paint to create a jpeg for each, then posted them to http://www.yourimagelink.com/ . What a pain-in-the-arse, but hopefully we won't be subjected to these amendments too many more times.

What a-holes Pearce and company are... reading that Section 4.5 about the conversion of Class A shares separately from Class B shares, when we all started out with the same class of shares. It's like some damn dictators came in and created a segregated state based on their own damned prejudices and greed. NO--all our shares were created equal, weren't they?
 
Posted by BuyTex on :
 
great post, H!

good tech stuff and proper outrage...

will dissect the amendment in next day or two...

Yes. Scottie finally affirms a "statement of position." Truly? I ain't counting on nuthing--could a lame re-filter of an "illegal" PR. BUT, yes, it's sumpin for them to "take a position." --if they do, lol
 
Posted by cruz on :
 
IT's TRADING!
 
Posted by cruz on :
 
vol 300K
 
Posted by cruz on :
 
traded at 0.05!
 
Posted by dishgal1 on :
 
I just emailed ATrade to find out what is going on. Everyone should do the same just so we can get an idea if they really know what is going on. I asked about the R/S and said guess the Sec didn't approve it. LOL
dishgal1
 
Posted by cruz on :
 
no orders filled today for me - even at 0.0001
 
Posted by Trader88 on :
 
I have a theory that something has been worked out, at least for Ameritrade people. Let's face it, if it weren't for that broker allowing trades in this stock, the problem could have been nipped in the bud quite quickly.

I think they are on the hook more than we know, and they will allow sells and will have to absorb the cost. Sorry everybody else, I think only Ameritrade peeps will make out here (again).
 
Posted by Trader88 on :
 
Put in a sell order for 250MM shares of MAMG at .0001, it was accepted, but not filled. It's set to go for pre market tomorrow, I will report back if it is filled.
 
Posted by dishgal1 on :
 
Reply from Ameritrade.

Thank you for giving me the opportunity to assist you today.

On 7-8-05 Gluv Corp changed their name to Media Magic. You now hold 120,000,000 MAMG shares.

GVRP is no longer traded actively. MAMG is trading.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Now if we can just find buyers. I think you are right....Ameritrade people are the winners but will we find buyers.
I think we need to make our sells smaller. Let's face it we need to sell in the thousand chunks instead of millions. If we hold back who knows where this could go eventually, (I stress eventually)....JMHO
 
Posted by Trader88 on :
 
Whoever sold short has to buy them.

Maybe Ameritrade has to buy them at a set price because they helped cause this debacle by giving people shares they didn't have.

Maybe the TA's insurance has to buy them because they gave out phantom shares.

Maybe the MM's who were short GVRP have to buy them.

Maybe the Gluv insider who sold short has to buy them.

Maybe the family trust or grandma has to buy them.

Lots of potential buyers!
 
Posted by Trader88 on :
 
Another thought:

Maybe they ALL have to buy them and share the burden!
 
Posted by H2NRG on :
 
I spoke with Scottrade tonight--no new info from reorg. Nada. Zippo. Same old, same old. Sigh.
 
Posted by cruz on :
 
email from amtd saying we are free to trade MAMG however they are only accepting closing transactions.
 
Posted by H2NRG on :
 
I'd be happy to close out my MAMG at 0.0001 or so per FS share, assuming I had my FS shares. [Mad]
 
Posted by cruz on :
 
is this last order of 750 shares at 0.05 give us a clue?
 
Posted by H2NRG on :
 
With this stock, it's hard to know what is a clue, what's a joke, and what's fantasy.
 
Posted by DM on :
 
Did anyone see the market makers?
 
Posted by H2NRG on :
 
Still on Gray sheets, isn't it?
 
Posted by keithsan on :
 
selling, if I'm allowed, i'm not chasing the bid....

why: because the only people buying right now will be the people who have to buy back. If there is a forced buy back, traders will catch on and this will begin to rocket.

If you thing your going to be the lucky one to sell at .0001 to some dumb trader, it won't happen. T

Since the beginning, this has been about a buy back. It seems obvious to me that the SEC won't allow the RS that the company wants so a buy back should/could happen.

To be fair no one will anounce a buy back has begun, but if all of a sudden there is a lot of buying, you will know why, this is your lottery ticket, if we're allowed to play it, play it well.

Good luck.
 
Posted by pcloadletter on :
 
Been on a 10 day family road trip.

GVRP/MAMG update from me,

Still have all my shares in my Wells Account.

Trading Direct still has not issued my FS shares.
 
Posted by H2NRG on :
 
Trade orders on AMTD being cancelled this morning per posters on IHUB TGL board.
 
Posted by Trader88 on :
 
UPDATE: My sell order was cancelled at about 8 AM this morning.

More bad news is that people on IHUB are now reporting that they have r/s MAMG shares. We are getting nothing out of this guys. Sorry, game over for everyone.
 
Posted by H2NRG on :
 
Still too early to conclude much about whether the game is over yet, IMHO. Still under investigation by SEC and Florida, at least as of yesterday, if I recall correctly, according to jobynimble on IHUB.

VERY FRUSTRATING, indeed, though.
 
Posted by Trader88 on :
 
Although I was a little hopefull after seeing MAMG trade yesterday, I am now convinced it is over. The chance of anyone getting anything now is about....well....about .0001%, LOL!
 
Posted by cruz on :
 
my AMTD sell order cancelled but still have my shares.
 
Posted by Trader88 on :
 
What is bad is that they didn't deal with this properly. Expect this same situation to repeat itself, there will be copy cats of this Gluv thing. Beware of r/s or f/s, especially on a sh_t company like this one is and was.
 
Posted by H2NRG on :
 
Still a mell of a hess.
 
Posted by cruz on :
 
getting "This order can not be placed." now
 
Posted by maumee river rat on :
 
Boy!! I wish Icould cash in the $'s ameritrade says I have!!! I'd take the rest of the decade off....lol
 
Posted by Mr Bill on :
 
Why are UNKNOWNS assumed to be CERTAINTIES ?

What we know here is 1 tradable share was sold about 180,000 times.

Major assumptions are ongoing about "This is Over".

The correct assumption should be "Many unknowns still exist here, time will tell what remedy results"
 
Posted by keithsan on :
 
got my shares, no RS has been done thru legal channels.
 
Posted by H2NRG on :
 
Phone call from my local Scottrade rep...
He read from an internal email regarding Media Magic forward split share allocation. Scottrade is working with the market makers (Morgan Stanley, he noted) to get eligible Scottrade shareholders their 3 million to one FS shares due. If we bought our shares before the 5/20 Ex Date, then we're eligible. The process is slow, due to manual allocation of shares--thus, don't know exactly when the shares will be finally available.

Interesting that there no mention in the internal email of any further reverse split. He was not familiar with the Class A/B structure proposed by the company. He could not answer any further questions about whether I would actually be able to trade the shares once I received them--that question will have to be asked on another day, I guess. I suppose I need to actually have the shares to trade--baby steps--LOL.

Anyhow, a step forward--hoping that this is an indicator that the company is not getting their way.
 
Posted by BuyTex on :
 
ya, scottie branches starting to get on the same page; my local guy gave me basically the same info...baby steps are better than no steps...
 
Posted by <HomelandProductionsInc> on :
 
does anybody know what the deal is with the restricted shares of homeland productions inc? the company going public? the value?
 
Posted by BuyTex on :
 
as far as I know, it was simply a way to park video equipment, and separate it from the debt that GLUV owed. They made noises about it going public, but we all know the value of a GLUV/MAMG PR release...
 
Posted by pcloadletter on :
 
Update:

I received a letter from my senator with a copy of the letter he received from the SEC and his response to them. Basically all he could confirm is that the SEC acknowledges the issue. He got the same cannot confirm nor deny letter. This aggrevated him. He is not letting it drop. He asked for me to keep him informed.

Wells Fargo account still has FS shares only in number not name.

Trading Direct has not given me my shares and refuses to talk with me.
 
Posted by BuyTex on :
 
I, too, got a letter--from my congessional rep--basically, "thank you for informing me, blah blah, you raise many interesting questions. I have forwarded your letter to the House Financial Services Committee and asked them to contact you if they have any additional questions on this matter after reviewing your letter. more blah"

I like knowing that committee got a copy. Will contact them next rather than waiting for their call.

PC: This is cool, I think: "This aggrevated him. He is not letting it drop."
 
Posted by pcloadletter on :
 
http://www.nscc.com/p-notices/otc-notices/2005/otc130-05.htm


OTC # 130 07/08/2005

TO: ALL PARTICIPANTS - OTC COMPARISON SYSTEM CASHIER, MANAGER REORGANIZATION
ADD 58440Y101 MAMG MEDIA MAGIC INC COM 07/08/2005
DELETE 379896202 GVRP GLUV CORPORATION NEW 07/08/2005
 
Posted by BuyTex on :
 
PC, tried to cut n pasten your link, didn't work for me: can you post your take on this info?
 
Posted by H2NRG on :
 
Change in name and CUSIP on 7/8/05.
 
Posted by yoke yanker on :
 
Wells Fargo now claims the name changed has not been effective and have changed the value of the last MAMG trade of .05 back to .0001 of the last trade of GVRP. AFter being on hold for more than an hour, no one could explain who or why the "computer system" reverted back to quoteing GVRP instead of MAMG. Those folks just don't have a clue
Cheers
 
Posted by pcloadletter on :
 
showing the same thing with Wells
 
Posted by DENSKIJR on :
 
More News

Media Magic, Inc. - Company Profile
Tuesday July 19, 1:06 pm ET


WEST PALM BEACH, Fla.--(BUSINESS WIRE)--July 19, 2005--Media Magic, Inc. (Pink Sheets:MAMG - News) announced today that it has issued a post-reverse company profile so that the investment community can have new and current information on the company.
On May 27, 2005, the SEC temporarily suspended trading for 10 days, warning members to comply with rule 15c211 before entering any quotations for Media Magic. In an effort to provide the investment community with new and current information, the company has posted a company profile on its company website at: http://www.mediamagicinc.com. THE COMPANY URGES ALL INVESTORS AND BROKER DEALERS TO REVIEW THE DESCRIPTION OF SECURITIES ON PAGE 12 OF ITS DISCLOSURE DOCUMENT BEFORE TRADING THE COMPANY'S SHARES.

Media Magic is quoted on the Pink Sheets under the symbol MAMG. As of today, MEDIA MAGIC HAS APPROXIMATELY 48.6 MILLION SHARES OF ITS COMMON STOCK OUTSTANDING, INCLUDING APPROXIMATELY 3 MILLION SHARES IN THE FLOAT (WITHOUT TAKING INTO ACCOUNT THE ROUNDING UP OF FRACTIONAL SHARES AFTER THE JULY 5, 2005 REVERSE SPLIT).

The company's profile includes such information as an overview of the company and its operations as well as the number of shares outstanding for the company, the nature of beneficial ownership of the company, the management of the company, and the availability of non-restricted shares for trading and delivery as well as the rights attached to ownership of these shares. The company's profile also includes:

the exact name of the company and its predecessor;
the address of its principal executive offices;
the state of incorporation;
the exact title and class of the security;
the par or stated value of the security;
the number of shares or total amount of the securities outstanding;
the name and address of the transfer agent;
the nature of the company's business;
the nature of products or services offered;
the nature and extent of the company's facilities;
the name of the chief executive officer and members of the board of directors;
the company 's most recent balance sheet and profit and loss and retained earnings statements;
similar financial information for such part of the 2 preceding fiscal years as the company or its predecessor has been in existence.
Robert W. Pearce, the company's Chief Executive Officer, issued the following comment: "Now that the common shares of Media Magic are accurately reflected in the market place, we are pleased to be able to move forward and focus on the business itself. Again the company wants to thank its shareholders and the investment community for its patience during this period."

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.


--------------------------------------------------------------------------------
Contact:
Media Magic, Inc., West Palm Beach
D. Ruggeri, 561-491-0870
info@mediamagicinc.com
 
Posted by cruz on :
 
MAMG (GVRP) can just ---- off.
 
Posted by Raptorsrule on :
 
This is very amusing.....I have 290 mil in my account...doesn't exactly ive with the PR. ROFLMAO.

Just spoke with AMTD....they say I've gottem and if the market makers accept orders I can sellem......

let's get this ball rolling!
 
Posted by Trader88 on :
 
Raptor, I agree 100%. THERE HAS BEEN NO R/S!! It needs to be accepted by NASD, and there is nothing. Also, where does Pearce come up with 48MM outstanding after his supposed r/s? That would mean Media Magic would have issued a whopping 144 Trillion shares! Not possible, and ILLEGAL!
I've got 500,000,000, and if there's a bid I will sell and collect bigtime! Their r/s is bogus.
 
Posted by dishgal1 on :
 
I have been thinking.....(that's scary) LOL

If we have the shares but evidently MAMG doesn't think we do, or they hope we don't, then maybe we should go about this with a different plan.

If they start trading at say .05.........what if we sold 5-10 thousand at a time...???? We could certainly do extremely well and they could live in their fantasy world pretending the shares don't exist. It might actually help us to get the MM's to take our orders. If we start throwing millions out there they will never accept our orders. Any thoughts?
 
Posted by Trader88 on :
 
Exactly right.
 
Posted by Trader88 on :
 
IHUB seems down. I want to read someones post, they got an email from Ameritrade.
 
Posted by dishgal1 on :
 
I just read that post....they informed him they have nothing on a R/S only a name change to MAMG
 
Posted by Trader88 on :
 
Good, then let's get to sellin'!
 
Posted by Trader88 on :
 
I just read that PR again. A self imposed issuance of 144 Trillion shares, and then a self imposed r/s of 3,000,000 to 1 that nobody but Media Magic recognizes. Sounds like they are just declaring whats what without going through the proper channels. Absolutely amazing. Who exactly do they think they are, I mean seriously?
 
Posted by rrttd on :
 
on my strade in front view it shows 40 shares gvrp with # which means cant trade and gains keeper it shows 40 shares with new symbol at.005
 
Posted by dishgal1 on :
 
Exactly Trader......It just gets more comical as the days go on. "That is the way they do things"....LOL........Guess they don't care if it isn't for real. If we sell in small chunks they won't even know what is going on because they are in a made up fantasy world. They probably won't even notice our shares trading...LOL, because they don't exist in their minds.
 
Posted by Trader88 on :
 
It just seems like they are digging themselves a deeper hole. I mean, if it trades and we sell our shares this time, there is no threat of a short position. Ameritrade has said that the shares were delivered, and there is nothing about a r/s anywhere. We are OK to sell, as far as I can tell. If MM's are taking stock on the bid, I will give it to them at 10,000 share increments until they're all gone. There will be nothing for a seller to worry about, reverse splits must be filed, not just PR'd!

They think they have a mess now, just wait!
 
Posted by Trader88 on :
 
If some of the broker/dealers fall for this, they might end up in a position of taking bids for stock they think has a r/s, when in actuality it doesn't. But the responsibility is on them to VERIFY the r/s. I know there isn't one, and I am selling based on what I have in my account. I bet some of them won't verify, and we'll be able to sell, at least for a while. Then the MM's and brokers will be in the same boat of having to pay us for the trades. Where's hatemm's? LOL! When will they learn not to listen to these silly PR's? LOL
 
Posted by dishgal1 on :
 
Oh I think the brokers will verify everything because GVRP has gotten to be a major pain in the &^%^& for them......

Having said that, they have confirmed to Raptor today that they have no record of a R/S.....What else is there to check? It didn't happen except in the minds of those that "do it a different way"!....LOL
 
Posted by BuyTex on :
 
just asked local Scottie to request latest info from reorg, specifically re any contact with TA...
 
Posted by cruz on :
 
again - MAMG (GVRP), ---- off!
 
Posted by George on :
 
scottrade has still not changed anything. I still have not gotten my F/S shares and the shares still show as GVRP#. There is no mention of MAMG. If you look in Gains Keeper it is diffrent but this data comes from Gains Keeper not Scottrade. A diffrent company. Scottrade uses the service. It only matters what shows in your Scottrade account.

Are the shares you guys are talking about in your accounts listed as MAMG or GVRP. Neither one is trading so how do you plan to get rid of them?
 
Posted by Trader88 on :
 
Ameritrade, showing 500,000,000 shares of MAMG. F/S shares have been delivered. Dishgal, in reference to what you said about verifying, that's what I mean, the brokers will "verify" that there is no r/s, and then let it trade. Since only a few brokers have f/s shares in accounts, what could happen is the same thing as last time. Those who have shares will be able to sell, and those that don't won't.

Who knows what the bid will be, if any, but if MM's and brokers verify that the f/s shares have been delivered and there is no r/s, there's no reason for MAMG not to trade.
 
Posted by Trader88 on :
 
This is a bald faced lie:

The Company immediately undertook to publicly alert the market about its concerns regarding the excessive number of shares being traded in the market by issuing a press release on May 22, 2005. The Company further notified certain securities firms and market makers trading the Company's stock of its concerns prior to the market's opening on May 23, 2005.
 
Posted by BuyTex on :
 
saw that, Trader, too funny...

got some phone calls working, may have an interesting post later as a result...
 
Posted by dishgal1 on :
 
I went to sunbiz.org to view their filings.....NOTE AT BOTTOM>......NOT OFFICIAL RECORD....ROTF

http://www.sunbiz.org/scripts/corevt.exe?a1=DETEVE&n1=P01000001011&n2=DOMP

MEDIA MAGIC, INC.


Document Number
P01000001011 Date Filed
01/03/2001 Effective Date
None Status
Active

EVENT TYPE FILED EFFECTIVE DESCRIPTION
DATE DATE
------------------------------------------------------------------------------
AMENDED AND RESTATED 07/07/2005
ARTICLES

AMENDMENT 06/21/2005

AMENDMENT 05/25/2005

MERGER 05/17/2005 OLD NAME WAS : GLUV CORP.
NAME CHANGE

MERGER 05/17/2005 MERGING : P04000147533 MERGED INTO
: P01000001011

AMENDMENT 05/10/2005

CANCEL ADM DISS/REV 11/17/2003

ADMIN DISSOLUTION 09/19/2003
FOR ANNUAL REPORT

NAME CHANGE 03/13/2003 OLD NAME WAS : E-CONNECT NETWORK, I
AMENDMENT NC.

SHARE EXCHANGE 02/28/2003



THIS IS NOT OFFICIAL RECORD; SEE DOCUMENTS IF QUESTION OR CONFLICT


--------------------------------------------------------------------------------
 
Posted by Trader88 on :
 
the sale of approximately 138,000 shares in the market on or shortly after the May 13 record date of the stock dividend, resulted in significant confusion among various brokerage firms and their customers

LOL! I'm sorry, now WHO was confused?? I guess the shares were confused and the brokerage community, not the insider who sold them, LOL, WHAT A CROCK.
 
Posted by Trader88 on :
 
Yeah, that's right, the BROKERAGE COMMUNITY was confused that the shares had due bills attached, I DON'T THINK SO ROBERT SINCE WE WERE THE ONES WHO TOLD YOU, AND YOU SAID "OH, NO DON'T TELL INVESTORS, LET THEM KEEP ON BUYING".
 
Posted by BuyTex on :
 
OK, get this:

called TA, who said "shares are trickling out" and "they'll show up...and be delivered to your account under the new ticker symbol.

"However, since then there's been a 3,000 [three thousand] to 1 reverse split on the 5th or 7th of July...we didn't even know--we were told after the fact."

Also didn't know that no r/s notification had been filed--only the PRs.

"Really? I'll call their attorney, and she or I will call you back."

Didn't happen, so I called back. Long story short, attorney tells me r/s effected in same paperwork as name/ticker change, and physical certs are making the rounds since "DTC cleared this all up about two weeks ago."

says NASDAQ deicided the simplest way was to let the company, TA and broker/dealers effect the r/s.

Without the 10-day notification?

"NASDAQ received it..."

But didn't post it?

"Yeah, they were working on it."

Attorney also says the company's new mgmt had about "5 minutes' notice on May 17" about the 3mm:1 f/s; in other words, according to atty, the former GLUV execs set up the forward split and this r/s accomplishes what the intent was all along, so I'm not supposed to feel cheated out of my f/s shares...

YA, right...

sounds like calls to NASDAQ/NASD are in order, manana...
 
Posted by Trader88 on :
 
You should ask them what the purpose is of the r/s, if not to screw investors out of 99% of their money and cover the insider short, then what?

If this is allowed to happen, expect many many more Gluv clones in the months and years ahead. Do the regulators realize what kind of precedent they are setting here? This could be disasterous for the market. This means that any Tom, Dick or Harry can go out and sell insider shares prior to the ex date, make millions of dollars, then turn around and cover it by issuing shares, and then get rid of all investors by doing a quicky r/s.

All I can say is, the market WILL be effected by this again, you can count on it.

Who's the next Gluv? COME ON DOWN, you're the next contestant on 'The Scam is Right!
 
Posted by BuyTex on :
 
Her point is that w/o "the mistake," no one would've been due millions of shares. Your point, which I agree with, is letting them cover a mistake like this is unprecedented and opens the door for all types of violation...

However, I still don't believe it. For this to unfold as the company/attorney would have us believe, a company can effect a r/s w/o notification...I simply can not believe that...
 
Posted by Trader88 on :
 
If I still have 500,000,000 shares of MAMG when it starts trading, I will sell every last GD share, and I WILL get paid.
 
Posted by Mr Bill on :
 
Anybody see the posts on IHub about MyTrack-ers showing just pre FS online and yet their monthly statements showing the actual post FS share amounts?
 
Posted by BuyTex on :
 
saw that...

also saw this:

"Posted by: Art2Gecko
In reply to: Mr. Bill who wrote msg# 70308 Date:7/19/2005 11:54:05 PM
Post #of 70336

GVRP - so did anyone ever find out why the "name/ticker" change was not listed on the name/symbol change portion of the dailylist back on 7/7/05, but rather GVRP was a "deletion", and MAMG was an "addition"

I check the dailylists every single day, and don't recall off the top of my head ever seeing this before.

http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=07/07/2005


Other-OTC System Changes - 07/07/2005


OTCBB Daily List
Other-OTC / Portal / PPS Daily List

SECURITY ADDITIONS
Updated Symbol Company Name Effective Date/Comments
16:33 AACB Alliance Atlantis Communications, Inc. Class B Non-Voting Shares 07/08/2005 From NNM (AACB)**
13:31 AGNT Argonaut Technologies, Inc. Common Stock 07/08/2005 From SCM (AGNT)**
16:46 BSNRF Biosensors International Group Ltd Ordinary Shares (Bermuda) USD 07/08/2005
13:31 MAMG Media Magic, Inc. Common Stock 07/08/2005
16:33 MTOGF Moto Goldmines Ltd Ordinary Shares (Canada) 07/08/2005
16:33 NDYM New Dynamics Marketing, Inc. Common Stock 07/08/2005
SECURITY DELETIONS
Updated Symbol Company Name Effective Date/Comments
08:30 AVST Avery Sports Turf, Inc. Common Stock 07/07/2005 Added to OTCBB (AVST) **
16:33 ATTXF Attica Enterprises SA Holdings Ordinary Shares (Greece) 07/08/2005 Inactive Security
16:33 BCDI Boomers' Cultural Development, Inc. Common Stock 07/08/2005 Added to OTCBB (BCDI) **
13:31 CLNJZ Clarion Commercial Holdings, Inc. Class A w/ due bills 07/08/2005 Final Liquidating Distribution. Certs deemed worthless. **
13:31 CNEEF Call-Net Enterprises, Inc. Ordinary Shares 07/08/2005 Amalgamation (1/sh RG for each 4.25 shs held) **
16:33 ELLZF Electronics Line E.L. Ltd Ordinary Shares (Israel) 07/08/2005 Security No Longer Exists
16:33 GFBBF Grupo Fin Bancomer Ser B B Shares 07/08/2005 Acquired **
13:31 GVRP GLUV Corporation New Common Stock 07/08/2005 ** Name Change to Media Magic, Inc.
16:33 ICPGF Incepta Group plc Ordinary Shares (United Kingdom) 07/08/2005 Compulsory Acquisition **
16:33 KGPLF King Products Inc Ordinary Shares (Canada) 07/08/2005 Scheme of Arrangement **
16:33 KLMSF Knowledge Management Software Plc Ordinary Shares 07/08/2005 Inactive Security
16:33 KYUJF Kyushu Jusco Co Ltd Ordinary Shares 07/08/2005 Inactive Security
16:33 NDVAF New Dee Valley Plc Ordinary Shares (UK) 07/08/2005 Inactive Security **
16:33 PRGLF Pargesa Holding Sa Ordinary Shares (Switzerland) 07/08/2005 Security no Longer Exists. See PRGAF for new security. **
16:33 TLEAF Telecom Italia Mobile SPA Ordinary Shares (Italy) 07/08/2005 Acquired **
13:31 WMRLF WMC Resources Limited Ordinary Shares 07/08/2005 Acquired **
NAME/SYMBOL CHANGES -- nothing under here
Updated Date Old Symbol Old Name New Symbol New Name Comment
13:31 07/08/2005 BNTT Barnett Energy Corporation Common Stock WWSI Worldwide Strategies Incorporated Common Stock 1-2 R/S **
14:00 07/08/2005 PANA PanaMed Corporation Common Stock EDXC Endexx Corporation Common Stock **
13:31 07/08/2005 RHSF Roadhouse Foods, Inc. Common Stock RHSE Roadhouse Foods, Inc. New Common Stock ** 1-92 R/S
13:31 07/08/2005 TSLMF Thistle Mining Inc Ordinary Shares THTLF Thistle Mining Inc New Common Shares 1-200 R/S**
14:00 07/08/2005 VNTB V-Net Beverage, Inc. Common Stock RSHN RushNet Inc **"

Art raises a good question, also addressed by atty; basically, "NASDAQ decided because of all the confusion that the best thing was to...they simply deleted the GLUV symbol and added Media Magic.

"But instead of simply a name change...they did the r/s in the same paperwork."

That second part is what I can't my mind around...will be calling NASD/NASDAQ today
 
Posted by keithsan on :
 
seems like this is still entertaining, have no clue whats going on, i'm in the sun and seems as if i still have my shares.
 
Posted by Mr Bill on :
 
Here was a similar one but the company had to publically announce on the daily list that a mistake had been made in the past. Also looked as though very little volume had happened. No such announcement by GVRP/MAMG and considerably more volume with GVRP so I cannot see this being completely similar. I think it does show that GVRP/MAMG would have to have posted RS info if they were going to do an RS however. In the case I am posting here it appears that the company cancelled a RS claiming it was done in error.

ADD/DEL Daily List- GVRP like, BVEX/NWFP - Some research from previous days - Thoughts?

My guess is the symbol was restored. Perhaps the price too but yet to trade since last is $10 but bid is .02xSQ after hours.
Big difference is the info about error on prev daily list. Curious on 6/27 company announced "merger business" direction

#1: SECURITY ADDITIONS- BVEX / NWFP. Symbol restored?
13:32 BVEX Bevex, Inc. Common Stock 06/15/2005 Erroneous corporate action previously announced on daily list of 3/2/2005. See UPC#054-2005 for further details.
SECURITY DELETIONS- BVEX / NWFP
13:32 NWFP NewLife Productions, Inc. Common Stock 06/15/2005 Erroneous corporate action previously announced on daily list of 3/2/2005. See UPC #054-2005 for further details.
NAME/SYMBOL CHANGES
13:35 03/03/2005 BVEX Bevex Inc Common Stock NWFP NewLife Productions, Inc. Common Stock 1-1000 R/S **

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/14/2005&mkt_ctg=NON-OTCBB
http://www.otcbb.com/asp/dailylist_detail.asp?d=03/02/2005&mkt_ctg=NON-OTCBB
 
Posted by Mr Bill on :
 
Still have MAMG FS shares with AT as well. Seems like those with GVRP awaiting a symbol change are the ones which are having the symbol GVRP show as no longer valid within their account. Suspect they still have their shares just no name change / symbol change. No RS indicated with the symbol change hence shares of GVRP just changed to same number of MAMG shares with AT. Companies RS PR is total BS.
 
Posted by George on :
 
Still the same with Scottrade...I have my 400,050 pre-F/S shares and that is it. No trading on MAMG or GVRP so I guess there is no hurry.
 
Posted by BuyTex on :
 
keithsan,

understood about the kool-aid aspect, but I really think this would be a worthwhile exercise for those with enough shares to file the forms, to wit:

"Posted by: matrix
In reply to: M0NEYMADE who wrote msg# 70533 Date:7/22/2005 11:02:11 AM
Post #of 70677

Purchases made on the open market do NOT carry a one year restriction. Beneficial owners though have an obligation to follow reporting and resale rules. Not filing forms doesn't exempt them from this.

FYI, a Form 3 is to report initial holdings. A Form 4 is to report changes in holdings. It would be kinda funny if people started filing Form 3's."

[reply]

"Posted by: Mr. Bill
In reply to: matrix who wrote msg# 70622 Date:7/22/2005 1:14:14 PM
Post #of 70677

MAMG- And if not actually file a form 3 just ask for the SEC's guidance in answering the question about percent ownership.

Hey, the document says I must present truthful info. So, how should I answer the % ownership question?

My broker says I own 3 BILLION shares and the company just the other day announced the OS was 48 million. I have owned the 3 BILLION shares prior to and after the companies announcement. Is it correct for me to put 6100% in the percent ownership field? I thought the most that could be is 100%, am I doing something wrong? I am just going by the best public information available and the share position my broker reports me as having.

Please advise. Kind Regards. Bla Bla Bla.

Now then, what would the response be? If they did not respond and made you call them get an email address and send an email confirming the phone conversation.

Thoughts?"
 
Posted by BuyTex on :
 
*bump*
 
Posted by George on :
 
Tex...you up late and bumping around in the dark again?
 
Posted by BuyTex on :
 
* burp *

"excuse me..."
 
Posted by Trader88 on :
 
Keep the pressure on guys, the only shares they should be registering is enough to cover the 414 billion short, but instead they want to issue 144 Trillion (pre "new" r/s). Where in the hell are all these new shares coming from, air?

I don't think they are getting away with it, because if they were their phantom July 5th r/s would be showing up somewhere and their POS stock would have been trading by now.

Don't give up people, we are in the right and this is not over.
 
Posted by BuyTex on :
 
I tried unsuccessfully to get answers from NASD on Wednesday. All I got was *if* any deal was cut, it would've been with NASDAQ, cuz it wasn't with NASD. Tried my contact at SEC, but all I got was voice mail--didn't leave a msg. Will try again this week...couldn't do much Thu/Fri as I started a short-term techie gig...

The main thing all this has taught me? The system is structured such that everybody has outs; accountability is always at arm's length: SEC? "We might be investigating--can't say anything."

NASD? "We're reg agency, but SEC outweighs us...if it's an exchange question, you need NASDAQ."

Wanna do FOI on DTC? can't--they're a corporation...

This whole market thang needs to be torn down and rebuilt...not "overhauled," as that should mean returned to original condition. Nope...we need a whole new deal.

As a reporter, I broke a few nat'l stories, lots of regional stuff and did a bunch of in-depth/investigative work, particularly with Superfund/toxic waste sites.

To be dealing with gov't agencies and "public information," I've never seen *anything* that comes close to this, as far as getting answers. Wow, it really, really amazes me...
 
Posted by Mr Bill on :
 
BuyTex, Do you have any old reporter contacts which might be able to aid in covering the GVRP/MAMG story? IMO the more public pressure that can be brought to bear here the sooner / better the resolution for us. Kind Regards...
 
Posted by BuyTex on :
 
I have thought about that, at length, and--really--in hindsight, I wish I would've acted that first weekend, when it was a "simpler" story. My former colleagues are scattered among new jobs/industries making a slam dunk, guaranteed story a slim possibility. There's two angles going that route: daily paper, big enough for story to get picked up by the wires--which means it would probably have to go through the business desk. My contacts there are lean. Or, a nice, long magazine piece, in-depth enough to give market/regulatory background, in order to provide perspective re "yeah, it's just a pink POS, but the principles at stake are worth fighting for."
Bottom line: still haven't figured out the best angle...do have another ex-jn pal nearby who might write it on spec and sell as a freelancer...

However, I do think it would be worthwhile for everyone involved to write to all their nearby small-town weeklies. They are usually starved for copy and might well send someone out to do a human-interest feature. Haviing these pop up all around the country could easily lead to some major media picking it up. That's the best, I think...bottom up, till 60 Minutes picks it up...
 
Posted by Trader88 on :
 
Call Mike Wallace!
 
Posted by H2NRG on :
 
Would be nice for GVRP/MAMG to get some mention in the Dateline Stockgate story supposedly on this Sunday night.
 
Posted by BuyTex on :
 
heard that
 
Posted by H2NRG on :
 
Methinks we won't see Pearce et al mentioned in the story (if it's actually aired, that is), but hopefully it would shed some light on the issue to those not in the know already, and because of it, possibly help our poster child situation along to a fair conclusion.
 
Posted by keithsan on :
 
i kinda like having a hundred billion dollars in my account.
 
Posted by H2NRG on :
 
Yes, but when you want to spend that hundred billion, will it still be available???

I show $0.01 GVRP# in my account--sigh.
 
Posted by rrttd on :
 
scotstrade just showed my gvrp at 120000000shs with no value and still# beside it
 
Posted by BuyTex on :
 
scottie's still got me at my original 50...no value...this morning it showed .0001: I lost a penny!
 
Posted by H2NRG on :
 
My FS shares just showed up, but still not tradable--still with the GVRP# symbol.
 
Posted by H2NRG on :
 
Just spoke with Scottrade re: GVRP shares...
Yes, these are just GVRP shares we have been credited. Now, we need to wait for the DTC to decide what to do regarding Media Magic (MAMG) shares. So... these GVRP "shares" in our Scottrade accounts are not tradeable--we just have to wait once again for them to be converted somehow into MAMG shares. Question is... will Pearce, et al, win the battle and R/S our MAMG shares? We wait longer still...
 
Posted by BuyTex on :
 
who do you talk to H2? I want to call him/her instead of my local guy...
 
Posted by H2NRG on :
 
I spoke with my local guy, and he called someone at corporate.
 
Posted by TampaInvester on :
 
yup see mine too..finally!
 
Posted by H2NRG on :
 
Yeah, seeing them is just part of it. Being able to trade them is another. Looking forward to that day...
 
Posted by BuyTex on :
 
update: local guy says my shares are in, and will be reflected in my acct tomorrow after system update...got him checking on when they'll update the ticker symbol. My shares, also, are the correct amount--from what he's seeing--instead of reflecting the nefarious r/s...

And account balance reflects a pps of .0002...
 
Posted by H2NRG on :
 
But, Tex, when will we be able to trade them? That answer I cannot get from Scottrade. Trying by email to Corporate Compliance, too. No response yet.
 
Posted by George on :
 
making some progress. I guess it took a while to print that many shares. I got my F/S in scottrade today. Looks good on paper..Now we wait again.
 
Posted by BuyTex on :
 
uh, oh!

Updat to update: local guy gets back on phone, nervous, and says, well, what's actually gonna happen is Scottrade is still owed shares, so when they're all in, they'll forward to Transfer Agent, who will reissue in conjunction with ticker change and r/s! So I'll get 50 shares of MAMG!

Aaghh! Man the phones...get busy boys...
 
Posted by BuyTex on :
 
OK, sad news: SEC tells me the company does NOT have to file with any reg agency to effect reverse split...it's governed by state law.

Division of Securities, Florida: 850-410-9805
 
Posted by keithsan on :
 
still have to file with the nasd. 10 days pre split (i think its 10) otherwise nas can't issue split etc.

florida does allow them to file without registering with nasd as they have done. The RS hasn't been in effect from the nasd though, how long ago was that first filing...months. I still have all my shares, and they have filed 2 rs's already with fla.
 
Posted by BuyTex on :
 
Of course, if they base the new r/s price on last trade, will it be .0002, .001, or the MAMG price of .05? [Big Grin]

At .0002 x 3mm, I stil get my dough if we can trade it...
 
Posted by BuyTex on :
 
keithsan, where I can check that out about NASD? Last time I spoke with them, they said it would be a NASDAQ/SEC problem...

also, i-hubber post says "To effect any reverse split: valid title thereto, and must be free and clear of any and all Encumbrances. "
 
Posted by BuyTex on :
 
am thinking of one thing--will ask, "when is the ex date?"
 
Posted by pcloadletter on :
 
I still do not have have shares in Trading Direct
 
Posted by BuyTex on :
 
PC, who's your broker?

Mine ("gvrp") won't show up till tomorrow, after system update tonight...
 
Posted by cruz on :
 
that's bull****. all the other f/s and r/s went thru the proper channels. why would this r/s be an exception. i still have all my f/s shares under MAMG at last traded price of 0.05. [Smile]
 
Posted by BuyTex on :
 
yeah, local Scottie is saying is that's what he thinks r/s-adjusted price will be... .05. I said how can that be? It would have to be adjusted by a factor of 3mm...he said, only if they had retained the same ticker...

I don't believe that...WFTV, eg, just changed ticker concurrent with r/s and their price was adjusted...

Here's the deal, all: We REALLY need to pressurize the system, now. IF they're allowed the effect this r/s, they MUST adjust the price accordingly. It should be **at least** 3mm x .0002 = $600 per share.

Fight, fight, fight...
 
Posted by Mr Bill on :
 
Yea, but post RS $1 x $1200 LMAO so what will it matter? We stand a much better chance if we can somehow force the regulators into:

a) Not allowing the RS
b) Not allowing the companies bogus share restructuring plan
c) Cause regulatory bodies to follow the rules

How to you modify someones behavior if they dont care?
 
Posted by BuyTex on :
 
it matters if they get to set the price to .05, the last trade of MAMG. Then in that scenario, if you bought 100 shares of pre-split gvrp, you'll get 300,000,000 shares of post-fs gvrp, then 100 shares of MAMG...at .05 pps. iow, wouldn't even be worth the original $1.60 to $4, but a nickel...

That's what my local scottie guy is saying...

If they want me to accept 50 shares, it needs be at 3mm x last pre-r/s $price traded on open market. Those MAMG shares weren't on the open market. Looks like a sham trade just to get .05 in the record...

Also, a rant: I'm sick of these guys telling us, well, that's the problem trading these pinks...it wouldn't *be* a problem if they'd make the geeks (as in "c," above) follow the rules. The ticker symbol change should've been accomplished in concert with the forward split...either that, or call it a name change, not a "deletion" of gvrp and "addition" of mamg.

The only way I see right now, from reading NASD, rulings is force the issue over the ex-date. Call everybody, make them tell you the ex-date of the r/s...As Keithan suggests, only NASD can set that, and I've never seen one, regardless of what Florida law allows them to do...

The other thing, as mentioned on i-hub, is all stockholders have to be treated the same...that's worth pursuing...
 
Posted by cruz on :
 
after 143 pages of this thread, i think we have come to the conclusion the onlne broker support know nothing.
 
Posted by BuyTex on :
 
cruz, so true...that's why it's up to us...we've got only a few days till Aug 1...
 
Posted by cruz on :
 
buytex - did i miss something? what's going on aug 1st?
 
Posted by BuyTex on :
 
that's when I'm hearing the TA will convert the "new" f/s GVRP shares into r/s MAMG shares...can't remember now if i read that from someone's conversation with TA over at ihub, if it was posted here.

I didn't ask the TA about a date; I asked about setting the new r/s price, and he said he didn't have a clue, maybe the broker sets it, lol; I said, that can't be--how could Scottie have one price and Amtrade another?

Anyway, they're definitely trying to jam this thing through. The TA just acts like the r/s is a done deal, and so does Scottie. I say ALL brokers need to be contacted tomorrow and grilled about the ex date and how they will set the r/s price.

How can they have a r/s w/o an ex date?
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=7115011
Posted by: bobs23
In reply to: None
Date:7/26/2005 4:49:06 PM
Post #of 70826

ok..just spoke to Curt at Interwest for GVRP/MAMG...i hope i get this right..if need be call urselves and ask for CURT..he will explain alot.........
if u dont have ur shares call ur broker asap and tell them to call Curt....DTC has distributed shares to all that is owed in GVRP form...shares will be converted on AUG 1 to MAMG WITH R/S attached(complete BS)...BUT..if a broker/MM is short GVRP they MUST cover...so it seems the MM that was selling that week before may 23 is up chits creek without a paddle...i think this is finally coming to an end...goin on the phone now with my broker.
 
Posted by BuyTex on :
 
yup, that was it--thanks, H2.

Hey, H2, waddya think about hammering the ex-date?
 
Posted by H2NRG on :
 
Not sure what you mean, Tex. If this is just a Florida issue, and not an SEC issue, then what recourse do we have?
 
Posted by H2NRG on :
 
Gotta turn off the 'puter for now. Have a good night, all.
 
Posted by BuyTex on :
 
NASD gotta set an ex-date, seems to me...later, H2--good luck to us all, lol
 
Posted by cruz on :
 
im thinking this r/s applies to shares traded post 5/23. shares pre 5/23 are shorts to be covered. [Smile]
 
Posted by BuyTex on :
 
the way the pr was worded--which is all the brokers and TA are going by--it would seem to appy to "all gvrp" shares, anywhere...

although, maybe that's another problem for them...hmmm. eg, an Ameritrader who sold on Monday May 23, say, 1/2 the position, retaining the other half--how is the remaining half subject to the newly created A & B classes? I mean, apparently we Scotties are getting "class A" shares, earmarked for the r/s...but the others? hmmm, again may be a case off all shareholders not being treated equally...
 
Posted by BuyTex on :
 
but, yeah, seems like there's still shorts that need covering...
 
Posted by keithsan on :
 
TEX, your SEC guy or broker can give you the proper number for nasd. I don't have it on this puter thought i did though, hopefully its on my home puter, anyways not hard to get.

here is the latest filings on GVRP, noticed they filed their name change, not notice of RS coming with it. Normally it is posted after the new ticker symbol.
http://otcbb.com/asp/dailylist_search.asp?DirectSymbol=GVRP&OTCBB=False

Honestly I have not read the last company pr, becuase their pr's are and have been worthless bs to this point.

All they do is create a flurry of activity on this thread.

[ July 27, 2005, 02:28: Message edited by: keithsan ]
 
Posted by glassman on :
 
i think it's funny that scotrade would tell us this is our fault for trading pinks..

they are the ones that decided to "offer" pink trading services...

anybody else in scotrade notice they have been "monkeying around" with margin values??????

i wonder what they would do if i transfered my gluv shares to my human brokers office? my human brokers have some "weight"....
 
Posted by H2NRG on :
 
Good point, glassman. Scottrade recently made it easier for us to trade Pinks, by giving us real-time Bid & Ask, plus allowing us to trade them on-line (instead of calling a broker) for the same price as OTCBB stocks ($7 plus .5% of principal for share price under a buck).
 
Posted by George on :
 
Looks like the only ones that made out on this were the ones that sold. How can any one be short after the R/S everyone to nothing. My $80 investment will be worth about $2. And they are screwing up all my charts showing the extra 30k in my account..... [Frown]
 
Posted by Mr Bill on :
 
Here is a curious thought- What if ScottTrade does the RS and Ameritrade does not?

Normally I would say that was out of the realm of possibility.

Normally.
 
Posted by Mr Bill on :
 
What if the stock then trades with ST trading RS shares and AT trading non-RS shares?

If they allow this FLA State SOS filing to fly that might just happen.

Who knows with this thing?

Unless one seems to be able to make at least a double or more it probably is not worth selling this IMO.

Still a risk vs reward play in many ways until something from other than the COMPANY comes down IMO.
 
Posted by BuyTex on :
 
I drilled into Scottie today to ask about the ex-date...

ex-date, ex-date, ex-date...*where* is NASD's ex-date posted? Regardless of FLA law, where/when is ex-date? Are they saying no ex-date because it wasn't trading...

Hullo? Why wasn't it trading...NASD issued Special Notice, killing the market...

thereby becoming complicit, especially if it trades r/s at .05 with their blessing...

Instead of protecting investors, they helped company screw us...hmmmmmm
 
Posted by Mr Bill on :
 
MAMG traded on 7/12 -- A sell of 300K@.0001 A BUY of 750 shares at .05

If it were to reverse the price would be calculated as 3,000,000 * .0001 = $300 or 3,000,000 * .05 = $150,000

Where it would open after a RS and what kind of spread would be another matter.

http://www.otcbb.com/asp/Info_Center.asp
Time & Sales
Price Size Time
0.05 750 07/12
0.0001 300000 07/12
 
Posted by BuyTex on :
 
my scottie balance is based on last trade of gvrp: .0002

I think that is correct, despite the .001 that slid through...

.0001? I can live with that.

If they wanna base it on .05, then multiply by 3mm, kewl [Big Grin]

BUT i *will not* abide a post r/s price of .05.

That's just ridiculous...

WFTV recently reverse-split, eg, 200:1 AND did a ticker change...the price was based on last trade before the split.

To say MAMG is somehow different, ie "no connection" to GVRP is totally, absolutely nuts.

The only logical train of thought--if all this goes down--is some sort of wacko "insider" job within the reg agencies to convince folks NOT to trade pinks/OTCBB...


Mr Bill writes:

"MAMG traded on 7/12 -- A sell of 300K@.0001 A BUY of 750 shares at .05"

my streamer shows exactly that buy. Ask yourself: under what kind of bid/ask structure does a sale like that take place?
 
Posted by cruz on :
 
are we trading monday? [Smile] LOL
 
Posted by BuyTex on :
 
maybe at 3mm:1 @ .05 . . .

sorry, cruz, luv ya, bro--but not funny to me if these crooks get away with it...it would be one thing to get unwound to your original investment. To watch $500 become $12.50 at the enrichment of, uhahffghhh, these punks? I'd rather fist-fight

if they pull this off? litigation is the only answer to a problem that should've been solved long, long ago...

it's stupid, and it's not only symptomatic of what's wrong with "the system" but worse, it's emblematic re what's wrong with this country...
 
Posted by BuyTex on :
 
If pinks can't be pinks, ie, Electrolux dodging Sarbanes-Oxley, TNOG coming from outta-the-blue, PLNI grinding through the wall--then where the heyellll will "new" public companies come from? If "upstarts" can not emerge from pinks and OTCBB, what does that say about job-creation?

Put it another way: what if all the leaders on this board decide to just day FUKK the .pk's and .ob's? See y'all on the big boards?

Jeez, all we small investors/traders/losers/winners provide the grease/capital to skid this monster along the track.

You guys ready to send your rent/mortgage to China?

That's where it's headed...

unless you demand accountability from your market...

[ July 27, 2005, 22:26: Message edited by: BuyTex ]
 
Posted by cruz on :
 
i didn't mean it to come out that buytex. i'm sorry. maybe an angel bought those 750 at 0.05 because the post r/s split price will be adjusted from that point. [Smile] we will sell at 150K pps [Smile] warren buffet will buy these. [Wink]
 
Posted by BuyTex on :
 
lol, cruz, nuttin against you, my bro [Cool]

but if we don't actively stop these crooks, well, just roll over and enjoy...


[Mad]
 
Posted by Mr Bill on :
 
Consider- 10% of CLIENT BASE $$$s This is what the 7/12 trade was about.

No coincidence the trade was on 7/12 and AMTD 8K on 7/12

http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000950137%252D05%252D008574%252Etxt%26filepath%3D%255C2005%255C07%255C12%255C&symbol=AMTD

On 7/12 AMTD filed an 8K.

• Client assets of approximately $78.8 billion, including $13.1 billion of client cash and money market funds

My account went from $300K to 150 MILLION bucks

If there were say 40K pre FS shares at AT then
post FS you have 120 BILLION shares at AT

So 120B * .05 = SIX BILLION more assets of clients
 
Posted by BuyTex on :
 
Bill,

hate to show my ignorance, but don't unnerstand your post. Can you spell it out, for the rest of us?
 
Posted by cruz on :
 
very interesting mr. bill. we need someone on the inside of amtd to find out what is really goin one. the online support people wont tell us.
 
Posted by BuyTex on :
 
cruz, help a bro out: are we saying Amtrd profits by helping the gvrp/mamg scam?
 
Posted by Mr Bill on :
 
Seems like the 8K being filed on 7/12 might have been related to the weird trading. In looking more it looked like they took a year end picture on 6/24 or so. Still, one must wonder with the TDW merger if they may have been taking a picture of their customer assets on the day they filed the 8K
 
Posted by BuyTex on :
 
any info helps!

we can NOT let these crooks get away with it...

I'll taste c-h-i-t for the rest of my days, if the do...
yuk!
 
Posted by Trader88 on :
 
I agree with whoever posted that, after any r/s the price has to come out of the box equal to what it was before the split, technically that is .05, but the case can be made for sure that it is at least .0001, the stock traded for that billions and billions of shares. We should open at $300 per share. I will have my finger on the trigger pre market, because it will of course go down from there rapidly. I'll take half of that.
 
Posted by keithsan on :
 
i know of no rs
 
Posted by BuyTex on :
 
keithsan, ask your broker and see what they say...that might be helpful
 
Posted by Trader88 on :
 
True, r/s is not showing up anywhere. A few people have said that their brokers have r/s the shares tho, LOL. Based on a PR, now that's funny. Rumor is that MAMG trades on Monday, will be interesting to see how. If it is another clusterfk and the price is somehow through the roof, THIS TIME I'M SELLING EVERYTHING!
 
Posted by Trader88 on :
 
Would be funny if MAMG comes out .05, after the r/s that would open up at $150,000 per share. Just let me sell 10 shares, I'm happy.
 
Posted by pcloadletter on :
 
still don't have my trading direct shares
 
Posted by BuyTex on :
 
Scottie still telling me r/s shares will be priced at .05...

Here's the thing, though, T/A so far has NOT been able to tell me the ex-date.

imo, everybody needs to send this to their brokers, with a request for compliance dept.s to confirm ex-date:

"Background
NASD member firms or their
registered representatives from
time to time respond to customer
inquiries regarding ex-dates relating
to dividend and other distributions.
In some cases, customers have
drawn erroneous conclusions
regarding ex-dates. In particular,
large dividends that result in the
designation of ex-dates after the
record and payable dates have
caused confusion in the case of
customers who effect sales
transactions after the record date
but before the payable date and
believe therefore that they are
entitled to keep the dividend.
Securities and Exchange
Commission (SEC) Rule 10b-17
requires issuers to give notice of
dividends and distributions to the
NASD no later than 10 days prior to
the record date.1 The NASD then
establishes the ex-date for the
distribution and makes this
information publicly available on a
Daily Dividend List on the Nasdaq
TraderSM Web Site
(www.nasdaqtrader.com/dailylist/
dl_di_ind.stm), which shows the
issuer name and symbol,
declaration date, amount of
dividend, the ex-date, the record
date, and the payable date"

from:
http://www.nasd.com/web/groups/rules_regs/documents/notice_to_members/nasdw_003997.pdf

Clearly, NASD must set an ex-date.

Also, file a "Tip" with NASD that brokers and TA are saying they will effect an r/s in violation of SEC rule 10-b-17. Will post that link later, unless someone else does it first...
 
Posted by Trader88 on :
 
Unreal. Scottie is dead wrong. How did they come up with .05? Second of all, who are they to say what the price should be? Third of all, the price needs to be proportionate to the last trade pre split. $150,000 per share. Go down from there if you want MM's, but I'll get 1 or 2 shares sold on the way down.
 
Posted by BuyTex on :
 
TA still unable to provide ANY of these dates re latest "r/s":

record, pay, or ex...

4-5 phone calls now.

NASD can't provide anybody who knows who it is within NASD that OK's ex-dates...

"it's two days before record date"

Maybe you're confusing cash and stock dividends...

"why do you say that?"

cuz I was reading your Web page

"O, really? What's the url?"

sheesh-o-mighty...

Explain eveything again...

"Well, I can't do anything about ex dates. This is a regulatory agency."

Exactly. That's why I'm asking to regulate this misinformation. My broker and the TA are prepared to effect a reverse split based on the company's PR. The split has no ex-date. Per your own page, the company has to file per SEC 10-b-17 so NASD can post the ex-date.

"OHhhhh, well you need to file a complaint."

Can't--your online form only allows for complaints against brokers. Mine says they're following directions from DTC

"Well, ok...then file a 'tip.' "

Excellent suggestion. I will...
 
Posted by Trader88 on :
 
Man, I love this country, but it has gone to hell in a handbasket. The level of incompetence is unreal. And not just on GVRP. Nobody wants to take responsibility for anything anymore.

The Chinese are smart, unfortunately I think they are in a nice position to kick our @$$ and we deserve it.
 
Posted by H2NRG on :
 
Latest re: R/S from Scottrade's Compliance dept...

"This email is in response to your recent inquiry on the above referenced security. As you are
aware, there were numerous issues with regard to the reorganization of this company. Due to the
confusion this issue caused, many brokerages endured delays with the posting of the split shares.
In addition to this issue, the company also announced additional changes on this security,
including a name change to Media Magic Incorporated. At this time, a majority of the shareholders
have been credited with the original shares due to the forward split owed. The next step is to
exchange these shares to the new symbol of Media Magic (MAMG) and post the reverse split that was
also announced. In order to complete this process, we are working with the Transfer agents and DTC
to determine how this may be accomplished. It is undetermined at this time if this new security is
DTC eligible, which would allow it to be exchanged electronically so that they can be be posted
directly into your account. In the event it is not, Scottrade will have to issue certificates to
you directly. We are in contact with the proper entities so that they may assist us with how to
proceed from this point. We sincerely apologize for the frustration you have endured with this
matter and assure you that Scottrade is working diligently to get this issue resolved.
Unfortunately, this matter was not within our control and we are doing our best to get this matter
expedited so that you receive these shares as quickly as possible. We appreciate your patience."


I replied, asking if they had spoken with the SEC, NASD, or the FL Examiners office regarding the legality of the R/S. Doubt I'll get a response in time.
 
Posted by BuyTex on :
 
I think it's even worse than shunning responsibility. As you say, incompetence...how can you have a job "of authority" at a regulatory agency and some Joe Blow who just started trading in April knows more about the market, rules and regs than you do? I hadda tell *him* how to find the NASD Web site? I'd laugh, but...really? It's not funny.

The Chinese? I'm thinking I'll take a language course in one of the major dialects, so I can at least brown-nose for tips from our new landlords...
 
Posted by BuyTex on :
 
H2:

"Dear Scottie,

I have two, possibly unrelated, questions. When you answer, please also forward the answer to all branch managers, with instructions to read aloud to all branch employees--

Your most recent reply mentions a "reverse split," possibly based on the misleading press release issued by GLUV/Media Magic; please provide with me with these dates involving that reverse split: the record date, the pay date, and the ex-date.

As I'm sure you're aware, NASD sets the ex-date from company-supplied information, then posts that on the NASD Web site.

I've never seen any post on the NASD Web site...so, to repeat, can you as my broker please supply me with the record date, pay date and ex-date regarding the reverse split you mention in your attached reply?


Now, on to other matters. Can you please explain the term "fiduciary responsibility" as it applies between broker and client?
 
Posted by StevieB on :
 
Sounds to me like you guys who are still with the GVRP shares are screwed. You will have to exchange it with the T/A for MAMG shares and then they will R/S it. It was R/S unofficially but probably legal within the state guidelines. Man, Pearce and his cronies came up with a mastermind plan. The Sec, NASD and state officials all probably agrees with it.
 
Posted by BuyTex on :
 
screwed?

you mean, I gotta take the yacht back? I showed my banker my trading account balance, pledged it as collateral...surely my banker wouldn't let me do anything financially unsound...
 
Posted by Trader88 on :
 
Well, if we are screwed, then the whole market is screwed because this sets one hell of a precedent. Expect this to be repeated many times in the future, beware of any split from any company, pink sheet or not. That's the real danger here, not just this particular stock.
 
Posted by StevieB on :
 
Do you think the SEC and NASD is going to do right by you?? Me??
 
Posted by StevieB on :
 
Trader88 - I think you are safe. Don't you have MAMG shares? You probably will not be able to trade it but will not be reversed.
 
Posted by Trader88 on :
 
Certain rules and regs are in place, and they should be followed. If that is "doing right", then I guess the answer should be yes. Pink sheet companies get away with a lot of crap, but this is WAY over the top. It's still not over yet, I don't see how you know we are screwed.
 
Posted by Trader88 on :
 
Some have MAMG, some still have GVRP. Let's wait for the fat lady to sing, she hasn't started her tune yet.
 
Posted by BuyTex on :
 
Trader: agreed

Stevie, human expectations...are what they are. Hence, the study of logic rarely applies to human behavior.

The facts are simple: the more traders/investors that raise cain with SEC/NASD/NASDAQ/DTC/Congress/brokers/media, the more likely we are to effect change.

Simple as that. Wanna influence the outcome? Then do--there is no try, only do...

Good posts inform/help fellow traders. Sometimes it's good to simply vent among a community that understands your frustrations.

But neither are enough...

raise h*llllllllll!

a simple question to ask:

"When is the ex-date?"
 
Posted by StevieB on :
 
Tex, a few years ago, I was involved with a scam stock. The SEC halted the stock - never traded again - lost a bundle.
 
Posted by BuyTex on :
 
SEC "suspends"

NASD "halts"

semantics? yes--but important distinction

don't know about AMEX or NYSE...

I stand to "lose a bundle" on this one? How, you might ask.

Guy next to me paid for lunch, got a $30,000 fiesta for $100.

I paid my $100, too.

I got took in the alley and beat up.

I want my fiesta.

Rules are rules.

The only way I get my fiesta? Fight em till h*ell freezes over--THEN, fight em on the ice...

Stevie, even if you're not in this...write and lodge complaints from the angle the market is threatened. Don't sit back..what are they gonna do--send the black helicopters?

Sorry about your earlier loss, btw--suggest fighting to prevent another...
 
Posted by Mr Bill on :
 
Will be interesting to see if the one broker who had the .05 cent price adjusts it tomorrow.

Remember that between 5/20 and 5/22 all AT were MULTI-BILLIONAIRES for the weekend. Then Monday came and the share price was adjusted for the split from $6+ to .0001 cent. Who is to say the same thing would not happen going the other direction in terms of a delay?

Here is an interesting question. What happens if some brokers RS the stock and others brokers do not? If somehow brokers end up doing different things here this could become an even bigger mess, as if that seems even possible.
 
Posted by keithsan on :
 
I have read of no RS on the nasd site, I have posted the link.

If nasd doesn't know about the rs, then it is impossible to accomplish and highly illegal.

I have not contacted my broker yet as I have all my shares and have not read ANYWHERE from a valid source that there is an RS in effect. The company obviously wants one, so what.

I check the nasd site daily for RS and FS information. They post ALL RS and FS information.
 
Posted by H2NRG on :
 
Is it possible that the way the MAMG shares came into being, by having GVRP deleted and MAMG added, may have allowed for the new share structure that the company wants? We are not dealing with GVRP anymore--its ticker symbol was officially deleted. We don't know what NASD knew about the share structure of MAMG when it added the new ticker. The way the company has thanked everyone for their help, I wonder if they have gotten their way. The frustrating part is that no one is talking from NASD or the SEC to clarify the situation. The way some of the brokerages are acting, it looks like it may be a done deal. Leaving us all in the dark is just not right.
 
Posted by BuyTex on :
 
Your intrepretation matches my broker's. That's what's so weird... Have you filed a tip or complaint with NASD, yet?
 
Posted by keithsan on :
 
on mamg, the new share structure is allowed, just not the rs, still means they need to buy us out.

i posted the nasd announcement of the namechange, if there was an rs a fs or any kind of free shares attached it would be right after the name change. there would also be an area where the rs is noted with buy, record, ex and payout dates.
 
Posted by H2NRG on :
 
keith, would the R/S or F/S notation you noted with the name change be required if the share structure change was only done with Florida, and not the SEC? That seems to be the prevailing sentiment--that this is a Florida registration issue only.
 
Posted by keithsan on :
 
Nasd runs the stock market, it would HAVE to be ok'd by nasdaq.

just as an example here is yesterdays list. at the end are all the special circumstances.

http://otcbb.com/dailylist/txthistory/BB07282005.txt

put it this way, every company would love to sell their shares and RS without telling the shareholders. doesnt make sense, so it shouldn't here. I think we get bored and talk about their pr's to much.
 
Posted by H2NRG on :
 
So why didn't they just do it as a Name/Symbol change shown at bottom at this link... http://otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=07/07/2005 ? Why the deletion and addition for a name change? Strange.
 
Posted by keithsan on :
 
for every transaction on the nasd, there are comments if needed, for GLUV it says name change what is so weird?

read some of the other comments on your link. 2-1 rs etc, if there was an rs it would say name change and 1000 million for 1 rs. t

No reason to have secrets.
 
Posted by keithsan on :
 
if you are asking why it says name change and not symbol change its because they changed their name from gluv to media magic and it needs to be noted.
 
Posted by H2NRG on :
 
At http://otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=07/07/2005 , there are three catagories listed: SECURITY ADDITIONS, SECURITY DELETIONS, and NAME/SYMBOL CHANGES. Security Additions usually has symbols that have changed exchanges or are new. Security Deletions are usually symbols that have moved off the Pinks to the OTCBB or have been delisted or acquired. Name/Symbol Changes is just that--symbol changes. Why was the symbol change to MAMG not just listed as a "NAME/SYMBOL CHANGE", rather than being deleted and added--this was not a typical name change scenario. We'll find out eventually, but it would be nice to know now.
 
Posted by keithsan on :
 
sorry LOL

GVRP is no longer a symbol or a company it was in effect deleted. A new company was put in its place, with a nice low AS and me holding a bunch, lets hope it works out.
 
Posted by BuyTex on :
 
Steven Dreyer, attorney who came up with the "restructuring plan":

http://www.arentfox.com/people/lastname/D/bioid/191/index.html

says r/s is a go, doesn't know why NASDAQ/NASD refused to enter the r/s info; says he & company asked Tara at NASDAQ (Office of General Counsel, 212-728-8844) to enter the info and they wouldn't do it...

btw, he insists company was NOT contacted in the week preceding the f/s, lol

ex-date? "doesn't have one--no dividend."

price change? "That's up to the market."
******************


I'm 88.88% sure the only way the company gets called to task is through litigation...
 
Posted by BuyTex on :
 
good gawd.

finally dawned on me, that which-has-been-lurking-without-a-name: If Dreyer pulls this off...the r/s? The only way the reg agencies can protect investors ALSO hugely rewards the company.

I don't mean simply delivering shares, keep it going, somehow don't-go-to-jail...

If the r/s price is adjusted? then "their" shares ALSO are worth (last-trade-pps) x 3mm

still...I like this--let em rake it in, then spend it in legal fees.
 
Posted by keithsan on :
 
they may not be at fault

notice the name changes with RS attached at the bottom here, there are dates, i like NEAL actually

http://otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=07/29/2005

here is the posting for neal yesterday immediately when announcec, notice nothing like this with GVRP to MAMG.

07/29/2005 13:30:52|S2|CBIO|NEAL|Consolidated Biofuels Inc. Common Stock|New Allied Development Common Stock|08/01/2005|1-10 R/S **|||u
 
Posted by BuyTex on :
 
yeah, Dreyer says they asked for posting, NASD/NASDAQ "declined."
 
Posted by Trader88 on :
 
Some of us may be in an interesting situation if this trades on Monday. I got an email from Ameritrade on Friday saying that they have nothing official on any r/s. Say trading starts on Monday, with the company being arrogant enough to think the r/s is a done deal, but my broker keeps my 500,000,000 in my account. Say some MM's start the bidding at .05 Will I sell as many as I can for .05? You betcha, and all the way down in 10,000 share blocks.
 
Posted by keithsan on :
 
I'll contact ameritrade this week sometime, but I hear they are telling people they are aware of nor RS
 
Posted by Trader88 on :
 
I see another hugely confusing situation happening if this trades on Monday. This time I'll take advantage of it and sell everything in sight.
 
Posted by cruz on :
 
well i guess i will be busy putting in a lot of 10,000 share sell orders Monday. I may have to take the day off. [Smile]
 
Posted by Trader88 on :
 
Where did the Aug 1 date for MAMG trading come from? Is it still just a rumor at this point, or has someone heard something halfway official?
 
Posted by keithsan on :
 
Selling on monday takes buyers.

Who wants to buy this POS, no one.

If the company has to buy back ALL the shares then I'm not going to make it easier for them.

If I think company is buying I may buy too.

If anyone thinks smalltime traders are gonna buy the billions of shares out there you are mistaken. Do as you wish but if they have to be back at 100mill Authorized Shares by force, or insurance companies etc...make no mistake, they will Have to buy at the price we sell at.

Aint no way around that.

I don't think it'll trade monday, I'll be flying in from Greece, I have no sell orders in, i'll check it when i get home.

Good luck
 
Posted by Dustoff101 on :
 
Oh, the humanity of it all!

This might be intertaining, even for spectators!
 
Posted by BuyTex on :
 
posted on i-hub first, I believe (the Aug 1 date). I think I remember the TA mentioning that date to me also, but my notes are not handy at the moment.

However, Scottie says reorg dept expects the r/s to take weeks, well into August. I doubt this'll be trading anytime soon. NASD has nothing r/s related, so what's to make them update their "Special Notice to Members" that killed the trading in the first place?
 
Posted by cruz on :
 
man keithsan! you've been gone awhile.
 
Posted by keithsan on :
 
month in greece [Smile] i find this thread boring, but my account nice from it lets hope it stays that way.

tried to flip runners during siesta time here mainly to no avail, grabbed more than a couple doubles and one that was like 500% or sumptin' but being summer i also had more than my usually amount of stalled plays.

be up and running mid september or so, till then gonna short the market.
 
Posted by cruz on :
 
how about shorting GERN and STEM?
 
Posted by StevieB on :
 
Keithsan: why would they company only buy back 100M?? that is if they are buying??? I completely agree that small time buyers would not be buying at $300, $100, 5cent 0r even a penny. They may buy at .0001/2/3/4/5 if the assume the company is going to buy back shares!!!

The GVRP holders need to band together and come up with a solution!!
 
Posted by George on :
 
Why is Scottrade the only one that seems to say there is a R/S?
 
Posted by BuyTex on :
 
can't answer that directly, but they have consistently behaved "conservative" letter-of-the-law throughout this mess...

except for maybe now...if I were in charge of a brokerage, I think I'd want to be able to explain to my clients why I'm effecting a r/s when NASD has nothing posted. Something better than, "we just do what the DTC tells us."
 
Posted by keithsan on :
 
quote:
Originally posted by StevieB:
Keithsan: why would they company only buy back 100M?? that is if they are buying??? I completely agree that small time buyers would not be buying at $300, $100, 5cent 0r even a penny. They may buy at .0001/2/3/4/5 if the assume the company is going to buy back shares!!!

The GVRP holders need to band together and come up with a solution!!

buy back tooo 100 mill AS, I think their new company has a 100 mill as, maybe its 200 mill as, either way, they can only leave that many out in the market all others need to be bought. not buy only 100 mill.

Then, the company will want to keep control so they will own 51% meaning, cut the AS in half and all other shares need to be removed from the marketplace.

Supply and Demand! we have their supply hopefully nasd makes someone in demand.
 
Posted by YME on :
 
this is truly great learning stuff [Eek!]
 
Posted by glassman on :
 
this lawyer-- John M. O'Quinn was mentioned int he dateline peice about Eagletech...

maybe keep this guy in mind????

http://www.oqlaw.com/Overview/reputation.html
 
Posted by Mr Bill on :
 
Anybody check with ScottTrade? Appears to be a ploy to me. No evidence seen of a RS. Why would it take "weeks" as they are stating? Someone(s) is/are obviously stalling here because they do not like the alternatives IMO.
 
Posted by BuyTex on :
 
Scottie reorg told local guy, accdg to local guy, "Don't expect anything soon--look how long it took us to get the f/s shares. Expect this (r/s) to take until mid to late August."

I think it may be dead...got a letter that I will share later.

Let's start thinking litigation...

Glass posted a line on a heavyweight atty who's only a short 5-6 hour drive from me, or a much shorter flight via Southwest...
 
Posted by Mr Bill on :
 
Did you ask the local guy WHAT RS? No RS appears at the OTCBB or NASD site. Without a listing at one of those sites NO RS can legally occur?
 
Posted by Mr Bill on :
 
Ameritraders have ALL of the MAMG shares. No RS today. Seems Scottie has been SLOW all along and Ameritrade has been FIRST all along. Why then has a RS not been seen at Ameritrade?

Also, I have my own theory that AT does not want to see the company get away with the RS. My theory goes that AT was a major player buying up some of the GVRP shares and planned on running the stock on the fail to delivers on Thur/Fri. There had to be some deep pockets buying the shares. Who was it? The insider? possibly. AT? possibly.

HOW DID AMERITRADE PROTECT THEIR CLIENTS WHO MIGHT BE SHORT BY NOT LETTING THEM BUY AT TWICE THE PRICE TO COVER THEIR SHORT POSITION?

This makes me believe AT has some shares they had planned on unloading on a Friday runnup which never occurred due to the suspension. Remember, of all of the brokers AT was in close contact with the company. Original plans of the company seemed to have been to only pay FS shares on the original 11 shares (they disagreed with NASD but guess who won). This combined with the "you might be short after we told you you were fine to sell" and "the 2M (just enough to screw you but only $200) oops, maybe short, want to sell any more"

http://www.dailycamera.com/bdc/national_intl_business/article/0,1713,BDC_2464_3809239,00.html
If transactions involving improperly released Gluv stock are allowed to stand, investors who sold stock they thought they owned could find themselves short Gluv, having sold shares that they didn't really own. That could result in losses for investors who would have to purchase shares to deliver to their brokers in order to complete the transactions.

Chris Nagy, Managing Director of order routing for Ameritrade Holding Corp., said that as a precaution, the brokerage stopped allowing clients to buy shares of Gluv on Monday. The company continues to allow clients to sell the stock.
-------------------------------------------------
Dreyer said that he has seen the dividend information sent by the company to the Nasdaq Stock Market, which has the Pink Sheets under its purview, and that it correctly reflected Gluv's plan to complete a 3 million-for-one split on 11 shares outstanding.

Nasdaq disagrees. "We don't believe that we imputed the information incorrectly," said Jenifer Coragelo with Nasdaq's Market Operation Dividend Department. "We did process what we had correctly," Coragelo said.

Coragelo said an investigation by the SEC and the NASD is ongoing. NASD which, has a majority control in Nasdaq, also serves as its regulator.
 
Posted by Mr Bill on :
 
PGWC- Some folks finally got their 99 shares. Similar split issues where the company did not want to deliever shares. The company said they would give you the money back. Long delays. Finally folks are getting their shares. Meanwhile the stock has ran in price nicely. IMO this is a good sign that eventually things work out and a proper remedy is found.
 
Posted by BuyTex on :
 
quote:
Originally posted by Mr Bill:
Did you ask the local guy WHAT RS? No RS appears at the OTCBB or NASD site. Without a listing at one of those sites NO RS can legally occur?

yup, lol, they let me talk to only one guy in the branch re this stock...I wore everybody else plumb out...


basically, the response is:

"Don't you understand? We're not in the position of telling them anything...the DTC tells us what the share structure is and the dates. We can only act accordingly."

These are young adults, bit-trained to rein according to corporate whim. Only w/in realms of upper management is there any understanding, and prolly they've assigned one person to sorta kinda keep up with it. jmo
 
Posted by keithsan on :
 
quote:
Originally posted by Mr Bill:
PGWC- Some folks finally got their 99 shares. Similar split issues where the company did not want to deliever shares. The company said they would give you the money back. Long delays. Finally folks are getting their shares. Meanwhile the stock has ran in price nicely. IMO this is a good sign that eventually things work out and a proper remedy is found.

different scenario, most people have their shares, that is not an issue, if it is, the brokers neet to be taken to task. If they want to RS your shares, ask them where is the legal notice so you can check it out yourself.

there isn't one...

Forward split is completely legal and done, everyone should have their shares.
 
Posted by Mr Bill on :
 
Many folks still do not have their GVRP shares- TDW and ETrade

PGWC- My point is that this was an interpretation of the "RULES" as well and that with time folks finally got their shares and will profit. The RS excluded anyone with less than 100 shares. Some made a nice 10 banger but had to keep fighting.

Simply a point on eventually the rules apply.

http://investorshub.com/boards/read_msg.asp?Message_id=6661984&txt2find=pgwc
 
Posted by BuyTex on :
 
so?

we keep fighting.

in ,y country? we fight till h*ll freezes over...

Then?

We fight em on the ice...


wanna hire that Houston atty?
 
Posted by Mr Bill on :
 
There are some discussions on IHub about that as well. If one could force folks hands to have to cover there would be a huge reward here.
 
Posted by BuyTex on :
 
reward would great, agreed.

I want mine!


More?

I can NOT abide these punks.

their lack of respect...

their flaunting of the regs...

their stooooopid PRs...

I would rather lose my initial buy-in than to ever let them trade again...

and i don't mean their ticker(s)...

I mean...


them...

personally.

They should be herrrrded to the the back of the pasture and removed from the "stock-trading" genetic pool...

then?

drag the carcasses of their "shells" to HQ of DTC and SEC and force them to eat it at r/s "gunpoint"

lol...

I am pi$$ed about this?

You damm skippy

How so you feel about Stockgate?
 
Posted by glassman on :
 
check out BCIT tex, that one is just as "interesting" [Big Grin]
 
Posted by BuyTex on :
 
lol, posted that one as possible squeeze...what do you think about that?

also, posted it's "geeky," whatwhihtall the "substitute" who "stole" the shell...

to me? more evidence the reg-boyz have not a clue to the mounting resentment from the online trading community...

change-agent?


could be... could very well be
 
Posted by glassman on :
 
i've got it on my watch list...

hard to say what it is, just another chapter in Ripley's belive it or not as far as i'm concerned.. [Big Grin]
 
Posted by BuyTex on :
 
Ripley's!

agreed--this summer seems to be full of 'em

Megas (the CEO) says he never knew about the "takeover" via scam..

lol, could be a play...
 
Posted by Mr Bill on :
 
"agreed--this summer seems to be full of 'em" -- Must be all of the REFORM we have heard about going on in the markets LMAO
 
Posted by glassman on :
 
we better start building some new "country club" penitentiaries. if anybody ever gets off their butt and starts enforcing the laws? half of wall street will need a place to live [Big Grin]
 
Posted by keithsan on :
 
speaking of whick the big K just had his sentenced delayed, must be on vacation.
 
Posted by glassman on :
 
i suggest we start a whole new topic...

total scams that you can make 100% or more on...
seems like those are the ones that run the best [Big Grin]
 
Posted by keithsan on :
 
had my eye on BCIT loved the excuse but busy with vaca and all. Scams or Screwups. thats how i got PRCM and CWMF although I am wondering if the pr people played me on CWMF LOL...

I don't know if they are that smart, they would've had to put out a FS notice badly worded to look like an RS, sell into the FS, price drops. Mistake players like me buy in, then they issue clarifying pr and sell into that.

If they did that, good for them, cuz they beat me, I'm still in at .003 thinking it will bounce up.(cause I don't think they meant to do this)
 
Posted by Dustoff101 on :
 
Hey Tex, when ya start ripping up notes on one of these !!!@#$%^&*()) pig stocks, you have arrived!
 
Posted by George on :
 
I email the Houston Attry. yesterday. Told them to take a look, may be a class action suit.
 
Posted by glassman on :
 
i hope all o'y'all are havin fun with BCIT... anyway...
 
Posted by keithsan on :
 
yep news
 
Posted by Trader88 on :
 
BCIT gonna get suspended I think. Got out with a double, learned my lesson from our little debacle here, take the money while the gettin's good!

As far as MAMG, this looks as if litigation is the only answer. If they have their way, the stock will never trade again, they'll just sit on it until everyone forgets about it and accepts the loss.

Wish I had forever to cover when I'm short, must be nice.
 
Posted by keithsan on :
 
whose the freeakin bidwhacker that took my big account
 
Posted by cruz on :
 
what's goin on here? 600K in vol
 
Posted by Dustoff101 on :
 
La La land
 
Posted by dishgal1 on :
 
I for one will wait for a better price.....if this continues to trade. I think AT people will still have all of our shares. It doesn't appear they are being reversed. Thoughts?
 
Posted by keithsan on :
 
i don't think they are RS'd and if 600k is nothing compared to what we all have....

we still need the buyback
 
Posted by keithsan on :
 
No RS.

need the buyback to sell. it would take me a year to sell all mine at this rate, never mind everyones shares..
 
Posted by George on :
 
I see..only 600000 maybe a system error.
 
Posted by keithsan on :
 
shares 600k at .0001
 
Posted by George on :
 
That is why my account did not change. I still have GVRP shares...
 
Posted by cruz on :
 
well - they are not getting 0.0001 out of me.
 
Posted by keithsan on :
 
sue your broker
 
Posted by Trader88 on :
 
I just lost $24,950,000, now THAT'S what I call a bad day in the market!

Hey, if this is trading, why the F can't I sell some shares? Ameritrade says there is no market, I see trades, obviously there is a market. This is a bunch of bull puckey.
 
Posted by TampaInvester on :
 
when is scottrade going to transfer the shares to the new symbol MAMG. Are they going to wait for DTC again the deliver the shares for the new symbol?
 
Posted by cruz on :
 
if i had my multi-mil account i would but at 0.0001, i can't afford to. [Smile]

quote:
Originally posted by keithsan:
sue your broker


 
Posted by Trader88 on :
 
I am going to demand that my broker take orders, 600k traded, there is a market. They are preventing us from selling, that is illegal.
 
Posted by keithsan on :
 
quote:
Originally posted by cruz:
if i had my multi-mil account i would but at 0.0001, i can't afford to. [Smile]

quote:
Originally posted by keithsan:
sue your broker


make the SEC or mainly NASD do it for you, get your complaint legal.
 
Posted by Trader88 on :
 
What I want to know is who is getting these trades through? A $1500 trade, I would like to do that.
 
Posted by keithsan on :
 
not me
 
Posted by Trader88 on :
 
Maybe it's Pearce again, LOL
 
Posted by BuyTex on :
 
FOIA, to NASD
 
Posted by dishgal1 on :
 
Interesting questionaire :


SEC Advisory Committee on Smaller Public Companies Solicits Public Input on Ways to Improve the Current Regulatory System for Smaller Companies
FOR IMMEDIATE RELEASE
2005-105
Washington, D.C., Aug. 2, 2005 — The SEC Advisory Committee on Smaller Public Companies today published a series of questions to solicit public input from investors and companies on ways to improve the current regulatory system for smaller companies and to examine the impact of the Sarbanes-Oxley Act of 2002.

At the Committee’s request, the SEC is posting the Committee’s questions on the SEC Web site at http://www.sec.gov/cgi-bin/acspc-questions and also publishing a release containing the questions. Interested parties are encouraged to respond by Aug. 31, 2005, either on the SEC’s Web site or by sending responses in the manner outlined in the Web site posting and the release. The Committee will consider this information in making its recommendations.

“The Committee has done an outstanding job identifying vital areas for discussion and potential enhancement of the regulatory framework for smaller public companies,” said SEC Acting Chairman Cynthia A. Glassman. “While these are the Committee’s questions to assist their work, the Commission strongly supports the Committee’s efforts.”

Division of Corporation Finance Director Alan L. Beller said, “The Committee is committed to enhancing the regulatory environment for smaller public companies. Seeking public input from all interested participants is an important step in that process.”

The SEC established the Advisory Committee in December 2004 to examine the impact of federal securities laws on smaller public companies, with a view to assuring that the costs and burdens of regulation are commensurate with the benefits to investors and the public. The Co-Chairs of the Committee are Herbert S. Wander and James C. Thyen. The Committee will develop recommendations for the SEC and issue a final report by April 2006.


http://www.sec.gov/news/press/2005-105.htm
 
Posted by Trader88 on :
 
Just sent this to Ameritrade:

I see MAMG trading again today. I own shares, but am still being prevented from placing any sell orders. In another email, I received a response from one rep there that there is no market for MAMG. Obviously, this is not the case, as one of those trades went through for $1500 today. When is Ameritrade planning on lifting the restrictions on this stock? It's highly unacceptable to me that orders are going through and I am not allowed to sell stock that I own! I hope your house is ready to lift restrictions on this and give your clients the same opportunity that others are obviously enjoying. MAMG is not suspended or halted, and there is an obvious market for the shares now. Please respond on when this restriction will be lifted on MAMG! Thank you.

Let's see what they have to say, they can't use the excuse that there is no market, someone just made $1500 today.
 
Posted by Trader88 on :
 
Got a response already, that was fast. Here it is, VERY interesting!:

"Thank you for contacting us today concerning MAMG.

We apologize for any inconvenience. Several companies recognize
ownership or transfer of their shares only by physical certificate instead of
the modern electronic book-entry system. Some companies encourage
shareholders to convert their stock to physical certificates. MAMG is one
of these companies.

When companies convert to physical certificates only, it is difficult
for brokerage firms to obtain physical shares for their clients.
Converting to physical delivery also increases the costs associated with
transferring ownership of common stock between buyers and sellers.

Ameritrade does not accept any new opening orders for MAMG at this time
since it is a security whose ownership is recognized by physical
certificates only. However, you may continue to place liquidating
transactions for any such shares held in your account. We appreciate your
understanding.

If you have further concerns or inquiries, please reply to this
message."


Does this mean we can sell? Anyone have an opinion on this reponse? Keithsan???
 
Posted by BuyTex on :
 
yup.

litigation.

sounds to me that what Dreyer came up with is to deliver certs, to be hand-delivered to DTC, with accompanying paperwork to show "legality" under Fla law. Then DRC forwards to brokers, with its spin. ("How can we a party to NSS? See, here's real paper.") Brokers look it over, got DTC to back them up, and thus a back-door r/s...

I still haven't figured where $99.95 of every $100 pre-f/s buys is sitting...

This brings up an early-thread bemusement: Wonder if Dreyer et al were aware of whatever loophole they're counting on, all along, and the whole thing *was* planned?

my two cents...
 
Posted by dishgal1 on :
 
Trader.......sounds like the old days in CMKX....you could sell but there was a time when they would not allow orders to buy it. Sounds like to me they are saying "yes, we can sell".....this entire situation is a real hoot. Have you tried placing an order? I haven't yet but plan to try tomorrow just to see if it cancels.
 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
FOIA, to NASD

Did Purl Gurl ever get anything back from her FOIA request?
 
Posted by keithsan on :
 
trader sounds like ameritrade will let you sell, i havent tried there is no demand yet, and when there is demand the price won't be .0001

if i wanted to sell I would put a sell order in for whatever you want if ameritrade doesn't accept it reply with the e-mail.

they should let you liquidate meaning sell.

currently this has more shares than cmkx and qbid combined and there won't be much of a market till demand comes, I like the buys though maybe someone who knows of the buyback is picking up shares since brokereages we buy with won't accept any purchase orders.
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
quote:
Originally posted by BuyTex:
FOIA, to NASD

Did Purl Gurl ever get anything back from her FOIA request?
she and i discussed FOI as a strategy; subesequently she posted parcels of dialog "about" filing, as I recall, but do not remember any posts with revelation...certainly no smoking gun. A search on "FOI purl"/this thread was no help for me...

The "problem" with FOIA is you must word your request with some degree of precision, lest you get nothing...or a ton, which can cost quite a bit if they invoke their "right" to charge full price for copying, etc. Now, as I think about it, her later posts described filing as an educational effort, hence no cost. iow, an FOIA "tactic," but nothing about what she was asking for. If she ever received anything, don't recall that being posted...
 
Posted by Mr Bill on :
 
2 trades. Paired 300K trades. One at .005 and one at .0001 but on pinksheets it show 0. How peculiar. Check out www.otcbb.com and look at L2 for latest trades.
 
Posted by BuyTex on :
 
greysheets?
 
Posted by StevieB on :
 
From what you are saying, it seems that they want the AMTD people holding the MAMG shares to send it in to get certificates too so they can R/S those too. I don't see us trading anytime!! Yippee - another bunch of worthless shares!!
 
Posted by BuyTex on :
 
stevie,
could AMTD folks send certs they don't have?

Am I missing something?
 
Posted by StevieB on :
 
Tex, I don't know how they are going to handle this. The company says AMTD do not have MAMG shares. AMTD says we need certificates to trade. Put the two together and it seems like we somehow have to exchange the shares. How?? I haven't faintest idea.
 
Posted by BuyTex on :
 
that's why I say stay on top the NASD/NASDAQ nexus...

202-728-88444, Office of General Counsel
"Tara" who recplaces the former woman listed on the NASD notice re splits...

Steven Dreyer, the atty for the company who effected the "new structure":

212-484-3917
also: dreyer.steven@arentfox.com


AND THE BIG ONE w/in NAS-nexus?

Kasha Dalal (sp?)
202-728-6903


THE QUESTIONS?

Can a company legally r/s without NASxxx notice/filing?


If an r/s is effected, how is the price adjusted? For ALL companies...not just "reporting," BUT all companies?
 
Posted by keithsan on :
 
quote:
Originally posted by StevieB:
From what you are saying, it seems that they want the AMTD people holding the MAMG shares to send it in to get certificates too so they can R/S those too. I don't see us trading anytime!! Yippee - another bunch of worthless shares!!

RS what, NOTHING HAS BEEN LEGALLY RS'd

no one has been RS'd, If you think you have yell and scream at the head of dividend and Reorg at your brokerage because your getting screwed.

NOTHING, I REPEAT, NOTHING has been filed for an RS!!!!!

even if the company releases a pr tomorrow saying 2 RS's, there really isn't any.

NASD will not allow an RS, and if they did IT WILL BE IN WRITING FOR ALL TO SEE.
 
Posted by StevieB on :
 
Keithsan: we can't trade our shares until we exchange them with the TA for certificates. So we can keep our billions of shares and don't trade or if we try to exchange for certs - I don't think we will be getting billions of MAMG share certs.

Dreyer/Pierce are trying to trap us - obviously without the help of NASD.
 
Posted by Mr Bill on :
 
Keithsan (just joking here).... But......

I thought we had already had the 3M to 1 RS on July 5th from the company's PR and then the TA is saying Aug 1st there was a 3M to 1 RS.

What does that leave now? Like .0000036666666 shares of stock?

Just making a play on what you said. You are exactly correct. No NASD RS filing since the FS. But per the company and the TA they are stating the RS has already happened on TWO different dates. They are clearly full of it IMO.
 
Posted by Mr Bill on :
 
StevieB, that again is what the company and TA say from what I have been hearing. Then to, we have already heard of the RS but it does not appear in our accounts. What happens if MAMG starts being traded? That IMO will be a clear indication that the RS is not happenning. I dont mean the measly 600K days I mean really trading.
 
Posted by Trader88 on :
 
Hey, I would happily have sold 300k for .005 like someone did today. That's $1500 dollars. Now I have it in writing from Ameritrade that I can "liquidate", if they won't let me do it online I'll place a phone order. They have also told me in emails that they know of no r/s. I'm going to try to sell some tomorrow.

Think of this. SOMEONE bought 600k today, maybe the buy in is starting. Who else would be buying? I know it's not a lot of shares, but still, someone is buying I could care less who or why.
 
Posted by keithsan on :
 
quote:
Originally posted by StevieB:
Keithsan: we can't trade our shares until we exchange them with the TA for certificates. So we can keep our billions of shares and don't trade or if we try to exchange for certs - I don't think we will be getting billions of MAMG share certs.

Dreyer/Pierce are trying to trap us - obviously without the help of NASD.

Of course they are trying to trap us, they are trying to delay things. Currrently NASD is not helping them.

If you own billions of certs, you should get them, remember the TA is probably screwed here as well. If you wish call and demand your certs.

Trader, it sounds like ameritrade will let you sell, good luck, let us know how it turns out today. Im assuming if you put in a market order you'll get .0000012. So I'd stick with a limit order.

Buy in hasn't begun and remember if the HAVE to buy your shares, they HAVE to pay what you sell them for. They can't say were not buying back the last billion, the price is too high.
 
Posted by H2NRG on :
 
What is the likely conclusion of this mess, at least for us shareholders? When is the likely conclusion of this mess for us shareholders? Let it drag on indefinitely for the people who caused this, for all I care, but get it done fairly and quickly for us (true majority) shareholders who have our money tied up in this.

It would be REALLY nice to know what, if anything, is going on in any NASD, SEC, and Florida Examiner's Office investigations right now.
 
Posted by Mr Bill on :
 
IMO we saw a paired trade yesterday- Someone bought 300K at .005 and someone sold 300K at .0001
 
Posted by H2NRG on :
 
quote:
Originally posted by Mr Bill:
IMO we saw a paired trade yesterday- Someone bought 300K at .005 and someone sold 300K at .0001

When this mess is all said and done (when will that be???), someone should write a book on this. Many might consider it a novel, because for many, this is quite unbelievable. Consider the intrigue of whether someone deliberately brought the share price down yesterday to 0.0001, in hopes that a R/S could be implemented, and that the post-R/S share price would remain the same, making our shares essentially worthless. But who were the shady characters who did the paired trades? How did they accomplish this? Would they be successful? Keep reading the next chapter to find out...

Hey, in thinking about it further, how about a black and white serial to be played every week in the local cinema, about the latest goings-on with Gluv/Media Magic? The way things are going (or not going), it could be filmed in real-time, and could have an extended run for possibly years! Who would play the part of Pearce?

Damn, this GVRP/MAMG thing is old and crusty,... well more likely getting smelly and moldy.
 
Posted by Trader88 on :
 
quote:
Originally posted by Mr Bill:
IMO we saw a paired trade yesterday- Someone bought 300K at .005 and someone sold 300K at .0001

Yeah, who would pay .005 for 300K? No one else would do that, except if they are buying back. They have a LONNNNG way to go though! 413,999,400,000 left to go.
 
Posted by cruz on :
 
is anybody goin to request physical certs from their broker? should we? i was thinking of doing that.
 
Posted by H2NRG on :
 
Just sent this info to Compliance Supervisor at Scottrade (note this info is courtesy of SSP at IHUB TGL board):

From http://www.law.uc.edu/CCL/34ActRls/rule10b-17.html
Securities Lawyer's Deskbook published by The University of Cincinnati College of
Law :

quote:
Rule 10b-17 -- Untimely Announcements of Record Dates
--------------------------------------------------------------------------------

a. It shall constitute a "manipulative or deceptive device or contrivance" as used in Section 10(b) of the Act for any issuer of a
class of securities publicly traded by the use of any means or instrumentality of interstate commerce or of the mails or of any
facility of any national securities exchange to fail to give notice in accordance with paragraph (b) hereof of the following actions
relating to such class of securities:

1. A dividend or other distribution in cash or in kind, except an ordinary interest payment on a debt security, but
including a dividend or distribution of any security of the same or another issuer;
2. A stock split or reverse split; or
3. A rights or other subscription offering.

b. Notice shall be deemed to have been given in accordance with this section only if:

1. Given to the National Association of Securities Dealers, Inc., no later than 10 days prior to the record date involved
or, in case of a rights subscription or other offering if such 10 days advance notice is not practical, on or before the
record date and in no event later than the effective date of the registration statement to which the offering relates, and
such notice includes:

i. Title of the security to which the declaration relates;
ii. Date of declaration;
iii. Date of record for determining holders entitled to receive the dividend or other distribution or to
participate in the stock or reverse split;
iv. Date of payment or distribution or, in the case of a stock or reverse split or rights or other subscription
offering, the date of delivery;
v. For a dividend or other distribution including a stock or reverse split or rights or other subscription
offering:

a. In cash, the amount of cash to be paid or distributed per share, except if exact per share cash
distributions cannot be given because of existing conversion rights which may be exercised
during the notice period and which may affect the per share cash distribution, then a reasonable
approximation of the per share distribution may be provided so long as the actual per share
distribution is subsequently provided on the record date,
b. In the same security, the amount of the security outstanding immediately prior to and
immediately following the dividend or distribution and the rate of the dividend or distribution,
c. In any other security of the same issuer, the amount to be paid or distributed and the rate of
the dividend or distribution,
d. In any security of another issuer, the name of the issuer and title of that security, the amount
to be paid or distributed, and the rate of the dividend or distribution and if that security is a right
or a warrant, the subscription price,
e. In any other property (including securities not covered under paragraphs (b)(1)(v)(b) through
(d) of this section) the identity of the property and its value and basis for assigning that value;

vi. Method of settlement of fractional interests;
vii. Details of any condition which must be satisfied or Government approval which must be secured to
enable payment of distribution; and in
viii. The case of stock or reverse split in addition to the aforementioned information;

a. The name and address of the transfer or exchange agent; or

2. The Commission, upon written request or upon its own motion, exempts the issuer from compliance with paragraph
(b)(1) of this section either unconditionally or on specified terms or conditions, as not constituting a manipulative or
deceptive device or contrivance comprehended within the purpose of this section; or

3. Given in accordance with procedures of the national securities exchange or exchanges upon which a security of
such issuer is registered pursuant to Section 12 of the Act which contain requirements substantially comparable to
those set forth in paragraph (b)(1) of this section.

c. The provisions of this rule shall not apply, however, to redeemable securities issued by open-end investment companies and
unit investment trusts registered with the Commission under the Investment Company Act of 1940.

--------------------------------------------------------------------------------

Regulatory History

36 FR 11514, June 15, 1971, as amended at 37 FR 4330, Mar. 2, 1972


 
Posted by H2NRG on :
 
Everyone who has gotten notice from his/her brokerage firm that MAMG shares will be R/S should send their broker the info in my prior post above, complete with hyperlink. See how/if they respond.
 
Posted by Trader88 on :
 
This is crazy! Just got this from Ameritrade. Took them an hour and a half to respond.

"Thank you for your reply. We apologize for the previous message. We are still not allowing
closing trades on this security since our market destinations will not accept
trades for this stock..

If you have further concerns or inquiries, please reply to this
message."

HUH? Apparently someone's "market destinations" are accepting orders. This is complete BS, time for the lawyers.
 
Posted by H2NRG on :
 
Also from SSP at IHUB...

http://www.law.uc.edu/CCL/34ActRls/rule17Ad-5.html#e.1

quote:
Rule 17Ad-5 -- Written Inquiries and Requests

a. When any person makes a written inquiry to a registered transfer agent
concerning the status of an item presented for transfer during the preceding
six months by such person or anyone acting on his behalf, which inquiry
identifies the issue, the number of shares (or principal amount of debt
securities or number of units if relating to any other kind of security)
presented, the approximate date of presentment and the name in which it is
registered, the registered transfer agent shall, within five business days
following receipt of the inquiry, respond, stating whether the item has been
received; if received, whether it has been transferred; if received and not
transferred, the reason for the delay and what additional matter, if any, is
necessary before transfer may be effected; and, if received and transferred,
the date and manner in which the completed item was made available, the
addressee and address to which it was made available and the number of any new
certificate which was registered and the name in which it was registered. If a
new certificate is dispatched or mailed to the presentor within five business
days following receipt of an inquiry pertaining to that certificate, no
further response to the inquiry shall be required pursuant to this paragraph.


b. When any broker-dealer requests in writing that a registered transfer agent
acknowledge the transfer instructions and the possession of a security
presented for transfer by such broker-dealer or revalidate a window ticket
with respect to such security and the request identifies the issue, the number
of shares (or principal amount of debt securities or number of units if
relating to any other kind of security), the approximate date of presentment,
the certificate number and the name in which it is registered, every
registered transfer agent shall, within five business days following receipt
of the request, in writing, confirm or deny possession of the security, and,
if the registered transfer agent has possession, (1) acknowledge the transfer
instructions or (2) revalidate the window ticket. If a new certificate is
dispatched or mailed to the presentor within five business days following
receipt of a request pertaining to that certificate, no further response to
the inquiry shall be required pursuant to this paragraph.


c. When any person, or anyone acting under his authority, requests in writing
that a transfer agent confirm possession as of a given date of a certificate
presented by such person during the 30 days before the date the inquiry is
received and the request identifies the issue, the number of shares (or
principal amount of debt securities or number of units if relating to any
other kind of security), the approximate date of presentment, the certificate
number and the name in which the certificate was registered, every registered
transfer agent shall, within ten business days following receipt of the
request and upon assurance of payment of a reasonable fee if required by such
transfer agent, make available a written response to such person, or anyone
acting under his authority, confirming or denying possession of such security
as of such given date.


d. When any person requests in writing a transcript of such person's account with
respect to a particular issue, either as the account appears currently or as
it appeared on a specific date not more than six months prior to the date the
registered transfer agent receives the request, every registered transfer
agent shall, within twenty business days following receipt of the request and
upon assurance of payment of a reasonable fee if required by such transfer
agent, make available to such person a transcript, ledger or statement of
account in sufficient detail to permit reconstruction of such account as of
the date for which the transcript was requested.


e.
1. Response to written inquiries concerning dividend and interest payments. A
registered transfer agent shall respond, within ten business days of
receipt, to current claims that contain sufficient detail. A registered
transfer agent shall respond, within twenty business days of receipt, to
aged claims that contain sufficient detail. The response shall indicate in
writing that the inquiry has been received, whether the claim requires
further research and, if so, a reasonable estimate of how long that research
may take. If no further research is required, the response shall indicate
whether that claim is being or will be paid and, if not, the reason for not
paying the claim. A registered transfer agent shall devote diligent
attention to unresolved inquiries and shall resolve all inquiries as soon as
possible.


2. Misdirected written inquiries concerning dividend and interest payments. In
the event that a transfer agent is not the dividend disbursing or interest
paying agent for an issue that is the subject of a claim under this section,
but performed those or any transfer agent services for that issue within the
preceding three years, the transfer agent shall provide in writing to the
inquirer, within ten business days of receipt of the inquiry, the name and
address of the current dividend disbursing or interest paying agent. If the
transfer agent did not perform those or other transfer agent services for
the issue within the preceding three years, the transfer agent must respond
to the inquiry and may respond by returning the inquiry with a statement
that the transfer agent is not the current dividend disbursing or interest
paying agent and that it does not know the name and address of the current
dividend disbursing or interest paying agent.


3. As used in this paragraph:


i. A current claim means a written inquiry concerning non-payment or
incorrect payment of dividends or interest, the payment date for which
occurred within the preceding six months.


ii. An aged claim means a written inquiry concerning non-payment or incorrect
payment of dividends or interest, the payment date for which occurred more
than six months before the inquiry.


iii. Sufficient detail means a written inquiry or request that identifies: The
issue; the name(s) in which the securities are registered; the number of
shares (or principal amount of debt securities or number of units for any
other kind of security) involved; the approximate record date(s) or
payment date(s) relating to the claim; and, with respect to registered
broker-dealers, registered clearing agencies, or banks, certificate
numbers.


f. Telephone response.


1. A transfer agent may satisfy the written response requirements of this
section by a telephone response to the inquirer if:


i. The telephone response resolves that inquiry; and


ii. The inquirer does not request a written response.


2. When any person makes a written inquiry or request that would qualify under
paragraph (e) of this section except that it fails to provide sufficient
detail as specified in paragraph (e)(3)(iii) of this section, a registered
transfer agent may telephone the inquirer to obtain the necessary additional
detail within the time periods specified in paragraph (e)(1) of this
section. If the transfer agent does not receive the additional detail within
ten business days, the transfer agent immediately shall make a written
request for the additional information.

g.
1. When any person makes a written inquiry or request which would qualify under
paragraph (a), (b), (c), or (d) of this section except that it fails to
provide all of the information specified in those paragraphs, or requests
information which refers to a time earlier than the time periods specified
in those paragraphs, a registered transfer agent shall confirm promptly
receipt of the inquiry or request and respond to it as soon as possible.


2. When any person makes a written inquiry or request which would qualify under
paragraph (e) of this section except that it fails to provide sufficient
detail as specified in paragraph (e)(3)(iii) of this section, a registered
transfer agent must respond to the inquiry within the time periods specified
in paragraph (e)(1) of this section. A registered transfer agent may respond
to such an inquiry in accordance with paragraph (e)(1) of this section as
though sufficient detail had been provided, or may return it to the
inquirer, requesting the additional necessary details.



Regulatory History

42 FR 32413, June 24, 1977, as amended at 51 FR 5707, Feb. 18, 1986


 
Posted by DENSKIJR on :
 
I think its funny I just got upgraded to an apex customer at ameritrade I think it was because of my ballance in my acct. Ha I'll take it [Big Grin]
 
Posted by Trader88 on :
 
Good, as an Apex client too bad they won't let me trade shares that I own. Time to bring in the big guns.
 
Posted by George on :
 
what makes you guys think this is trading? sure it showed a transaction yesterday but that was either a system error or correction or gray sheet trade. There is no active trading of GVRP or MAMG.
 
Posted by Trader88 on :
 
I hope they are just getting the price ready for when they have to buy back from us. If they were gray sheet trades, I'd be happy to put a market order and get what they got yesterday. They could be preparing for a buy-in.
 
Posted by Mr Bill on :
 
George, if there was NO ACTIVE trading then yesterday's trades should not exist, should be wiped out, and the last price of .05 restored?
 
Posted by Trader88 on :
 
Mr. Bill, I agree with your PM on the other board. I have it in writing, wasn't just a phone call.
 
Posted by Mr Bill on :
 
Trader88, I would take AT to task and file a complaint with the SEC. This will help put additional pressure on them. Their web site does not even allow you to trade it so I would argue against their claim that no MM / market exists. If you can at least force them to allow you to place a trade that in term gets cancelled by MMs at least that would be a step in the right direction IMO.
 
Posted by Trader88 on :
 
They need to get their story straight. One person says one thing, then another person says another, in writing no less. I think we need to find out WHO made these trades. I don't have experience in the digging required to find out, maybe someone here has some suggestions on learning a little more about these trades on MAMG. #1, who did them, and #2 which broker put them through.

I think Mr. Bill is right, if they were mistakes they would have been cancelled. I want to get to the bottom of these trades, they weren't just MM signals or they would have been $1 or less, one was for $1500. Let's get to the bottom of these trades! Any suggestions?
 
Posted by Mr Bill on :
 
In terms of a FOIA inquiry on GVRP one of the most interesting pieces of information to know would be which insider(s) were involved in the selling of the 138,000 shares as well as who was buying on 5/20 and 5/23. This might be useful when trying to pressure the regulatory agencies into letting MAMG trade again and taking steps to require any insider with a short position to cover the short. Thoughts?
 
Posted by Mr Bill on :
 
MAMG Change!! Pink sheets - Outstanding Shares: Not Available

MAMG no longer shows the 48M OS the company had PR'd at pinksheets

http://www.pinksheets.com/quote/company_profile.jsp?symbol=MAMG

MAMG -- Media Magic, Inc. Com (No Par)

Address:
900 U.S. Highway 1
Suite 303
Jupiter, FL 33477
USA


Website: http://www.mediamagicinc.com
Phone: 561-491-0870

Business Description: Not Available

State of Incorporation: FL

Officers:
Robert W. Pearce, CEO, Sec't., & Treas.
<b>
Outstanding Shares: Not Available
</b>
Estimated Market Cap: Not Available
Authorized Shares: 100,000,000 as of 0005-07-08

Current Capital Change:

Dividends:

Company Notes:
Formerly=GLUV Corp. until 7-8-05

Class Notes:
Note=trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities Exchange Act of 1934 from 9:30AM on 5-27-05 through 11:59PM on 6-10-05

Transfer Agent:
Interwest Transfer Co., Inc., Salt Lake City, UT 84117
 
Posted by keithsan on :
 
still says authorized 100 million. 51 million held by owners gives them control,

you think they gave it up again?

LOL
 
Posted by BuyTex on :
 
quote:
Originally posted by Mr Bill:
In terms of a FOIA inquiry on GVRP one of the most interesting pieces of information to know would be which insider(s) were involved in the selling of the 138,000 shares as well as who was buying on 5/20 and 5/23. This might be useful when trying to pressure the regulatory agencies into letting MAMG trade again and taking steps to require any insider with a short position to cover the short. Thoughts?

Well, at worst the inquiry would indicate an investigation is ongoing: That is specific enough to yield an accurate reply, instead of tons of material. But if still under investigation, they could deny as part of their ongoing case...either way, a worthwhile exercise...
 
Posted by BuyTex on :
 
think I'll give ol Kurt a call at Interwest...I'm sure he'll be thrilled, lol
 
Posted by Mr Bill on :
 
Seems pinksheets had a change of heart.

As such Pink Sheets believes it is best to not publish a number for shares outstanding.

Posted by: Art2Gecko
In reply to: Mr. Bill who wrote msg# 71645
Date:8/5/2005 9:24:13 AM
Post #of 71687

From : R. Cromwell Coulson <cromwell@pinksheets.com>
Reply-To : <cromwell@pinksheets.com>
Sent : Friday, August 5, 2005 1:08 PM
To : "'Art Gecko'" <aphoenix31@hotmail.com>, <allen@pinksheets.com>
Subject : RE: MAMG company Info

/ / / Inbox

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Considering the previous publicly announcements of share issuances, splits and dividends, there are questions as to how many shares are validly issued. As such Pink Sheets believes it is best to not publish a number for shares outstanding.


It has always been Pink Sheets position that the entire share trading in GLUV after the reverse split should have been cancelled and unwound by regulators.
 
Posted by Trader88 on :
 
It's painfully obvious that Media Magic isn't getting what they want. And why should they? Their insiders caused this problem in the first place. The o/s should only be enough to cover what we have (414 billion) and if they want controling interest, start buying them back from us. Follow the rules, like BCIT:

"In the interest of protecting current shareholders who may unwittingly be holding illegally printed shares, BCIT will be petitioning the NASD to enforce SEC rule 203(b)(3) http://www.law.uc.edu/CCL/regSHO/rule203.html and effect a ``buy-in'' by the parties who originally sold the invalid shares"

BCIT is now surging on possible short covering. There's no reason why they can't enforce the same rule here on MAMG!!
 
Posted by Mr Bill on :
 
I disagree, the OS should be 33M and the short position 414 BILLION. Auth remains at 100M. No share structure change until you clear the SHORT positions. Require short positions to be covered in normal timeframes given regulations. Why should these POS get to increase the OS to cover their SHORT position? When the OS was 11 there were about 180,000 shares sold. While the OS was 11 there were many shares in trader accounts that someone owed a short position on. Should be exactly the same before and after the FS. Shortie should be OBLIGATED TO COVER IN OPEN MARKET PLACE WITH NO PROTECTION WHAT SO EVER
 
Posted by Trader88 on :
 
quote:
Originally posted by Mr Bill:
I disagree, the OS should be 33M and the short position 414 BILLION. Auth remains at 100M. No share structure change until you clear the SHORT positions. Require short positions to be covered in normal timeframes given regulations. Why should these POS get to increase the OS to cover their SHORT position? When the OS was 11 there were about 180,000 shares sold. While the OS was 11 there were many shares in trader accounts that someone owed a short position on. Should be exactly the same before and after the FS. Shortie should be OBLIGATED TO COVER IN OPEN MARKET PLACE WITH NO PROTECTION WHAT SO EVER

You're right Mr. Bill, if the o/s is raised, there is no short position. BCIT is asking that the rules be followed because the company had nothing to do with it. In MAMG's case, it was a company insider, that's why they are trying to weasle out of the rules. NASD, SEC, either force a buy-in, or let them make us an offer.
 
Posted by Mr Bill on :
 
Yep. It was a positive sign that the pinksheet site had to take the OS from the "company's viewpoint" down. While an email claimed it was due to the confusion that went on the week of 5/17 that just does not hold water. The same scenario existed on 7/8 or so when pinksheets "mouthed" the company's viewpoint. They took it down, IMO, not voluntarily but because a regulatory agency directed them to do so. They can make all the excuses they wish, but pinksheets has been a firm supporter of the company all along. First, they wanted the trades of the week of 5/17 "washed away" to erase the mistake. Then, we heard the company line and the OS the company wanted shown on the pinksheet web site. Now, that is removed. Voluntarily? I doubt it. I know for one I sent an email to the SEC asking if some kind of collusion was ongoing between pink sheets and the company. No proof just wonder since they seemed to be so carefully aligned with each other IMO.
 
Posted by pcloadletter on :
 
I still don't have have my shares!
 
Posted by keithsan on :
 
quote:
Originally posted by pcloadletter:
I still don't have have my shares!

you need to make noise.
 
Posted by BuyTex on :
 
pc, call Kutis Hughes at Interwest: 801-272-9394 ext 14. Tell him who your broker is and ask WTF they haven't delivered. He should at least be able to point in the right direction--he was pretty up-to-speed on the Scottie delivery. (of course, he's *also* promised four times to call me with the record, pay and ex dates re the dubious r/s...if you get a divvy answer, lol, bug him about the dates, too...)
 
Posted by Trader88 on :
 
Most of us can't get any feedback from SEC, but if anyone has the chance to talk to them ask them why BCIT gets to petition for buy-in and we don't. Are there different rules for different stocks?
 
Posted by BuyTex on :
 
file a formal complaint, being as specific as you can. Won't get em to reveal "ongoing investigation" info, but it puts pressure to answer--as in any corporate/gov't arena. If it comes out later they ignored something formal? Might get a reprimand in their file, lol

seriously, use their structure and chain of command...
 
Posted by Rebel_Yell on :
 
All GVRP shares are gone from my Scottrade account. No MAMG shares.
 
Posted by BuyTex on :
 
My scottie still shows my gvrp position...
 
Posted by rrttd on :
 
mine is still there also
 
Posted by George on :
 
Mine are still there also. All they did was spinoff my original 50 shares on 8/3
 
Posted by Trader88 on :
 
500,000,000 MAMG, just like always. Gosh that sounds like a lot, lol. I was worth $25 Million for a few weeks, went to the bank, got an approval letter of credit based on my brokerage account value, bought the island of Aruba. Now I'm dead broke again. Had to give the island back.
 
Posted by StevieB on :
 
Mr. Bill: you may be on to something about Ameritrade manipulating the price of MAMG to look attractive for their impending merger. They told me that MAMG is worth $0 in my account and the website value is wrong. I have a feeling after their merger is consumated, they will be singing the same song as the other brokers.
 
Posted by BuyTex on :
 
no diss on this thread--we all in this together, i hope--but...

for you guys that cross-post with i-hub?

this is extra-special--please convey "compliments to the chef"

quote:
Posted by: Jim Bishop
In reply to: SSP who wrote msg# 71632 Date:8/7/2005 8:28:54 PM
Post #of 71725

These are terrific:

Posted by: lancebps
In reply to: None Date:8/7/2005 5:02:18 PM
Post #of 89830

The Mensa Invitational once again asked members to take any word from the dictionary, alter it by adding, subtracting, or changing one letter, and supply a new definition.

Here are this year's {2005} winners:

1. Intaxication: Euphoria at getting a tax refund, which lasts until you realize it was your money to start with.

2. Reintarnation: Coming back to life as a hillbilly

3. Bozone (n.): The substance surrounding stupid people that stops bright ideas from penetrating. The bozone layer, unfortunately, shows little sign of breaking down in the near future.

5. Cashtration (n.): The act of buying a house, which renders the subject financially impotent for an indefinite period.

6. Giraffiti: Vandalism spray-painted very, very high.

7. Sarchasm: The gulf between the author of sarcastic wit and the person who doesn't get it.

8. Inoculatte: To take coffee intravenously when you are running late.

9. Hipatitis: Terminal coolness.

10. Osteopornosis: A degenerate disease. (This one got extra credit.)

11. Karmageddon: It's like, when everybody is sending off all these really bad vibes, right? And then, like, the Earth explodes and it's like, a serious bummer.

12. Decafalon (n.): The grueling event of getting through the day consuming only things that are good for you.

13. Glibido: All talk and no action.

14. Dopeler effect: The tendency of stupid ideas to seem smarter when they come at you rapidly.

15. Arachnoleptic fit (n.): The frantic dance performed just after you've accidentally walked through a spider web.

16. Beelzebug (n.): Satan in the form of a mosquito, that gets into your bedroom at three in the morning and cannot be cast out.
17. Caterpallor (n.): The color you turn after finding half a worm in the fruit you're eating.

And the pick of the literature:

18. Ignoranus: A person who's both stupid and an ass



 
Posted by pcloadletter on :
 
making noise, nobody replying
 
Posted by BuyTex on :
 
did you call Interwest, pc?
 
Posted by Trader88 on :
 
Same here pc, seems that nobody wants to talk about Gluv anymore. Maybe they think we will just go away. I'm not going away. In fact, this is making me even angrier. I get like David Banner, you wouldn't like me when I'm angry....
 
Posted by Trader88 on :
 
By the way guys, BCIT is still going up up and away on the news of petitioning the NASD for a buy-in of nonexistent shares sold to investors. Same basic situation, hundreds of millions of shares out that should never have been out.
 
Posted by Trader88 on :
 
We need to petition the NASD for a buy-in, screw a settlement, make them buy everything back and then retire the phantom shares.
 
Posted by BuyTex on :
 
Trader, agreed about maintaining pressure...

also, I wish I had gotten in BCIT, but can't bring myself to get in late, either...did you play it?
 
Posted by Trader88 on :
 
Yes, I did, made a double. Decided to take the money and run, but if I had held it till today would have a 5 bagger. Thought it would be suspended, but obviously they are treating that stock differently than GVRP.
 
Posted by StevieB on :
 
BCIT - happy camper today - in at .0013 sold most at this morning .007. Have a few left. First time it ran up to .03 I was in too. Nice little stock. Now, if only - [Roll Eyes] MAMG could make a little run - mama mia - i'd be [Big Grin]
 
Posted by BuyTex on :
 
glad you guys made some dough...

MAMG? Shoot I'd be happy if they'd just let it trade. How is BCIT "less worse"? I don't get that part...
 
Posted by StevieB on :
 
Just for kickers - the company says they have only 38M shrs o/s - A/s?? - how about we all file our shares as being majority shareholders of the co and call our own sharesholders meeting. We vote Pierce and his buddy out and elect our own BOD/ceo/cfo/pres. That should get their attention!!

Wishful thinking
 
Posted by Trader88 on :
 
Let's do it. I'm not kidding.
 
Posted by Trader88 on :
 
One request though: Can I please have the job of firing Pearce?
 
Posted by StevieB on :
 
LOL!! I believe the BOD have to vote on firing Pierce. I really don't see any reason preventing us from doing this.
 
Posted by StevieB on :
 
Let's take over and sell our own shares. Why not!! The buyback is not going happen unless we take drastic steps.
 
Posted by Trader88 on :
 
There isn't. The r/s never happend. Let's take control. Then petition the NASD for a buy-in of whoever sold the phantom shares, just like Tom Megas did.
 
Posted by Trader88 on :
 
Who lives in Florida that can go do the filings?
 
Posted by BuyTex on :
 
ihubbers got folks in FL; I don't remember anyone on this board, though. Anyway, seems like we'd really need--or at least, it would be better--to do any legal actions with a joint effort of Allstockers and I-Hubbers. We were the two main boards that bought, as far as I could ever tell . . .
 
Posted by TampaInvester on :
 
I am in tampa, florida and currently hold 600 million shares of GVRP. what can I do? have no clue?
 
Posted by BuyTex on :
 
oh, yeah, TI--sorry I forgot.

Trader and Stevie are mulling some sort of legal action; nothing we haven't discussed before, really...basically challenging ownership of the company based on outstanding share volume. Problem is FL law allows BOD to change share structure w/o shareholder approval...However, there's also a clause that says something like "as long it the change is not injurious to shareholders." Anyway, we were just hashing out IF we wantedd to file papers in Florida, did we have anyone there to walk the papers through?

I think we'd have better luck getting an injunction to "reverse the reverse" and then file forced buy-in demand with SEC/NASD etc...

Glass posted a Houston, TX atty earlier in-thread that could be a good resource...maybe tell us what needs filing, you could file it...

I don't know--but believe these questions should be asked, discuss till some kind of consensus and then *do* something, anything...jmho
 
Posted by Trader88 on :
 
Let's petition the NASD to enforce rule 203(b)(3), I don't even think we need to take control to do that. They are required to comply with their own rules.
 
Posted by Trader88 on :
 
"If a participant of a registered clearing agency has a fail to deliver position at a registered clearing agency in a threshold security for thirteen consecutive settlement days, the participant shall immediately thereafter close out the fail to deliver position by purchasing securities of like kind and quantity..."
 
Posted by Trader88 on :
 
Get this guys, MM's are probably short at least 40,000 original shares, could be more. That's 120 billion post f/s shares. Only 20 billion or so have been bought back that first week, and my guess is that it was MM's covering (who else would have been buying that week?). We need to find out which MM's are short, and force a buy-in of the remaining 100 billion +/- shares.
 
Posted by BuyTex on :
 
We need a lawyer, I believe. There's a legal mechanism somewhere, but we--I--don't know which button to push... Your broker has to tell you who sold you the shares, but now that most are delivered, how does that help? Do we assume that since they sold to "us," they are automatically short, de facto?
 
Posted by Trader88 on :
 
They figure that a bunch of internet bozos won't bother banding together. Let's prove them wrong.
 
Posted by Trader88 on :
 
I can't find the link right now, but the NASD granted relief for whoever is short in that order they released when the stock got suspended. They (MM's, insiders, et al) got relief, now what about the shareholders? We're the ones holding the bag here so they can get off scott free? Sorry, ain't gonna happen. I'm mad as hell and I'm not gonna take it anymore, lol.
 
Posted by BuyTex on :
 
I was thinking it was brokers who were offered relief on captial requirements...you think it was MMs?
 
Posted by Trader88 on :
 
I think it was MM's and brokers. Otherwise, brokers would have needed to keep covering, like they were on May 20th and 23rd. I think what happened is that they started to cover, but then realizing how massive the situation really was decided to go cry to NASD for relief and got it. Now it's our turn. I won't rest until we get some action here. We never did anything but buy a stock because of merger news and a promised f/s. We did nothing wrong, and they get relief! They need to pay us, it's our hard earned money put into this POS company to begin with.
 
Posted by pcloadletter on :
 
transfer agent number please
 
Posted by Trader88 on :
 
(801)272-9294
 
Posted by pcloadletter on :
 
How does one file paperwork with the SEC to claim 10% or greater ownership?

I guess I need to do that also.
 
Posted by StevieB on :
 
PCloadletter - if you are still holding gvrp shares, you can't file ownership of mamg - you need to get them to convert to mamg.
 
Posted by StevieB on :
 
I think it's a Form 3 or 4 to file with the SEC.
 
Posted by StevieB on :
 
BTW - one of those pos stocks that SEC suspended that I lost money on just did a R/S with a different trading symbol. I'm gonna keep my eyes on it. I bet a merger is coming next.
 
Posted by BuyTex on :
 
quote:
Originally posted by Trader88:
(801)272-9294

ext 14 for Kurtis Hughes
 
Posted by StevieB on :
 
Tex: punch in the symbol RTGV and read their filings if you have time. You'll see that majority shareholders succesfully block the person/s (the Methas) from diluting the company shares and paying themselves 2M shares each and reverting the A/S back to the original. I believe if we band together, we can do this. Just need someone to take leadership and we all need to come together.
 
Posted by pcloadletter on :
 
called interwest.....they are currently keeping two sets of books....

One set for GLUV and one for MAMG

they cannot close the books on GLUV until everyone claims their shares at different stages (PS,PS,partial, etc)

I need to convince my broker to claim my GVRP shares so that they can be FSd and then return them so they can be RS to MAMG.

Tell you what, just send me cash and you can have them all!
 
Posted by BuyTex on :
 
ya, i want my MAMG position, same amount as GVRP--and for them to shut up about a r/s that was never filed and is illegal anyway because the insider got different treatment than we did...
 
Posted by pcloadletter on :
 
the only way to get your MAMG is to send it back and get the RS
 
Posted by StevieB on :
 
PC: that's what I tried to tell everyone here in my first and second post. They're trying to corner us that way!! Now you know why lawyers are so hated!!
 
Posted by BuyTex on :
 
I maintain there is no r/s--NASD refused to post it: de facto, no r/s. The company *says* there is, but they'll say anything...

or, if everybody goes along with r/s, then the price must be adjusted...can't have it both ways...
 
Posted by Trader88 on :
 
F them and their games. They wanna play, lets play, we're going to end up firing all of them anyway when we take legal ownership.
 
Posted by pcloadletter on :
 
I'm with you, what is the first step?
 
Posted by Trader88 on :
 
Time to band together for real. Glassman has a possible lawyer, lets get someone to get all of our names and info and lets get started. Tex, have you seen glassman in here lately?

If we get everyone together here, then lets work on IHUB people, there are dozens in GVRP over there too.

I think if we can get 30-50 shareholders together and this lawyer thinks he can make a good percentage, we could go forward easily. Let's do it!
 
Posted by pcloadletter on :
 
I'm in
 
Posted by Trader88 on :
 
First, I think we need to secure a lawyer willing to look at this. Then, have all the shareholders give him their contact info. Lawyer is the first step. Glassman, we're ready, are you out there?
 
Posted by BuyTex on :
 
No, haven't seen the G-man except sporadically, as of late...was gonna send him a pm the other day but his box was full. He'll show up...

The atty he liked? The Houston guy who was mentioned in the lil watered-down "stockgate" show recently. It's posted higher in the thread.

A couple on this thread also post on I-hub, H2 and Mr Bill. There's a few over there who want to do a legal action, and one contacted some firm in Florida pitching the idea of paying them in shares but the idea was rejected. Cash only... We *might* get a percentage deal, based on recovery, though.
 
Posted by Trader88 on :
 
We need someone who will go for 1/3 fee, actually that could be quite substantial for a securities lawyer. The recovery here could be in the millions.
 
Posted by Trader88 on :
 
Wrote a very long PM to glassman, only to find the mailbox full! Hopefully he will show up soon, and we can all get on the same page here, which I believe is the key for us. We need to be organized in a large group, then we'll be able to get things done.
 
Posted by glassman on :
 
OK, normally i would be happy to coordinate this, but i am in the process of builing my new glass studio...

i am doing a few trades (BCIT) and a couple others, but no real DD for the last 6 weeks, and the next few weeks are actually gonna be more hectic, before things get back to routine...

this lawyer-- John M. O'Quinn was mentioned in the dateline peice about Eagletech... Eagletech has supposedly been a naked short victim...


http://www.oqlaw.com/Overview/reputation.html

several e-mails should get his attention....
 
Posted by BuyTex on :
 
Doh! Trader, I posted his box was full, lol...

I'll pm keithsan, he might have a regular e-mail or sumpin, plus keith may have insight to share and would be a huge help with anything legal...
 
Posted by George on :
 
I wrote the lawyer a week ago and have not heard back..maybe if we shoe more pople interested.
 
Posted by BuyTex on :
 
quote:
Originally posted by glassman:
OK, normally i would be happy to coordinate this, but i am in the process of builing my new glass studio...

i am doing a few trades (BCIT) and a couple others, but no real DD for the last 6 weeks, and the next few weeks are actually gonna be more hectic, before things get back to routine...

this lawyer-- John M. O'Quinn was mentioned in the dateline peice about Eagletech... Eagletech has supposedly been a naked short victim...


http://www.oqlaw.com/Overview/reputation.html

several e-mails should get his attention....

Glass, did you make any room in your mailbox, yet?
 
Posted by Trader88 on :
 
Just sent an email to O'Quinn explaining the situation to the best of my ability. Took me a while, because the whole thing is so complex to someone not directly involved, but I tried to keep it simple. I will post here if I get an answer. It probably wouldn't hurt if others contacted him as well. You don't need to go into detail, I've already done that. Just let him know you are one of the MAMG shareholders. After my email, hopefully he will know what you're talking about!
 
Posted by BuyTex on :
 
cool, good idea, Trader
 
Posted by Trader88 on :
 
Where's Erin Brockovich when you need her? I'll try and be the male version.
 
Posted by StevieB on :
 
I mean no disrespect, but I think a Florida attorney may be a better choice since they are already familiar with the state laws, etc.
 
Posted by StevieB on :
 
I asked AMTD to clarify what they meant by the website being wrong about MAMG value. The replied that because it was not trading, they're assigning $0 value. I keep wondering why are they putting $mega value on the website. To inflate their value???
 
Posted by Trader88 on :
 
Somebody on IHUB has Florida attorneys looking into it. I agree, that would be better. Even if we get someone to take the case, this will take months, maybe even years unless there is a quick settlement. Whoever ends up taking this should look into the T/A's insurance. They were warned about this early and did nothing. If E&O insurance wasn't made for something like this, I don't know what it would be for. There are many others on the hook here, not just the company or insider, so just because the company has no assets it doesn't matter. Many avenues here for recovery options.
 
Posted by BuyTex on :
 
Trader, well said.

Stevie, which website? MAMG's?

Also, don't forget the New York angle--the atty who came up with the "restructuring" is in NY, a branch of a DC firm...
 
Posted by Trader88 on :
 
We need our own Dateline special. This story is much more interesting than what we saw last Sunday.
 
Posted by Trader88 on :
 
I would be willing to bet that there is legal wrangling going on behind the scenes already based on the fact that the company is not getting what they want. And it would make sense since most of what they want goes against market rules and regs. For all we know, something could be in the works already for shareholders. We must have patience, these things take time.
 
Posted by StevieB on :
 
Tex: AMTD website. I've been trying to find out why they sent an email and said my value in MAMG is worth $0 yet they list it at $105,000 in my account. Sounds confusing?? Everything about this darn stock is confusing!!
 
Posted by BuyTex on :
 
is it something like "stockgainer"? Scottie shows the same type arrangement--basically an IF/THEN situation to me, like a sub-total. IF you ever get this, THEN this is what it would be worth...but they're not gonna credit your actual account. Some of these software packages are modules, eg, Scottie's "streamer" is not "their" software, but something they subscribe to for clients. What brokers can see in their offices costs much more than the little module they bundle with their trading software...
 
Posted by *Magnetic*Microspheres* on :
 
Tex clear out some of your messages so I can send ya the info [Wink]
 
Posted by BuyTex on :
 
ok thx
 
Posted by BuyTex on :
 
hey, y'all

we're not the only ones still following--check this late-night post, then follow...there's several in a row on a thread where this stock is barely even mentioned, anymore:

http://www.investorshub.com/boards/read_msg.asp?message_id=7297840
 
Posted by pennydays on :
 
This is a two part question:
I also have shares on this stock.

Question for you all, I am new to this, but, can this company go bankrupt and if so, what happens to those holding their shares?

Count me in. What needs to be done?
 
Posted by Trader88 on :
 
I would say keep fighting. Technically, the company never was responsible for this. They sure have made it bad for shareholders tho.
 
Posted by cruz on :
 
WTF - my shares got reverse splitted in AMTD!
 
Posted by Raptorsrule on :
 
Cruz....confirmed....mine too. 83 shares....in my AMTD account

now if it will start trading tomorrow at the post split price of over 300 (like it should...LOL) I'll be happy.

This is all so crazy.
 
Posted by BuyTex on :
 
e-mail 'em fellas & ask how they will adjust the price...
 
Posted by Trader88 on :
 
Well, anything less than $300 per share opening is unacceptable.
 
Posted by DENSKIJR on :
 
I cant belive they pulled off this r/s what a bunch of crap!!!!!!!!!! [Mad]
 
Posted by cruz on :
 
Here's a response:

Thank you for contacting us this afternoon regarding MAMG.

On 8-11-05, Ameritrade Clearing received official notification that there was a 1 for 3 million reverse split effective 7-5-05 for the former GVRP shares. This was implemented due to the restructuring plan announced on June 21, 2005. Your MAMG shares were first reverted to the GVRP shares, then adjusted for the split and moved back to reflect MAMG shares.

The transfer agent, Interwest Transfer Co, forwarded the information through official channels. You may contact MAMG at:
www.mediamagic.com

If you have further concerns or inquiries, please reply to this message.
 
Posted by cruz on :
 
Here's another response I got:

Thank you for contacting us today regarding your account.

The cost information needs to be updated manually when a split occurs.

The price per share will auto-populate within the Balances and Positions page. However, you can edit the information provided. The following steps should assist you with this process.

1. On the Balances and Positions page, select the pencil icon.
2. In the page that appears, you will be able to enter your cost basis information.
3. Once you have entered the cost basis information, select "Update."
4. Repeat this process for all positions you hold in this portfolio that you wish to update.
5. When you return to your Balances and Positions page, you will see your cost information updated.

If you have further concerns or inquiries, please reply to this message.
 
Posted by cruz on :
 
And here's another response I got:

Thank you for submitting your e-mail inquiry to our Ameritrade Apex Team.

In order to best address your inquiry, your e-mail has been forwarded to a team that specializes in these types of issues. Typically, their hours of operation are Monday through Friday from 8 a.m. until 4:30 p.m.

If your inquiry or request concerns a trading or market sensitive issue, we strongly urge you to phone our Apex Team toll free at 888-871-9007 or from most areas outside of the United States, 800-598-2629, 24 hours a day, 7 days a week.

Ameritrade cannot be responsible for changes in market prices that may occur while e-mail responses to market sensitive issues are processed.
 
Posted by DENSKIJR on :
 
Just got off with amtd they state that the r/s took affect today and they are only allowing closing positions on this stock no opening postiontions which furthurs my expectation that amtd is short mamg shares and needs to close them. She couldn't tell me if it will trade tommorrow or not. Does everybody have update r/s shares???????
 
Posted by BuyTex on :
 
Scottie still shows gvrp millions...I wonder if *could* get a book deal?
 
Posted by DENSKIJR on :
 
Well if eveyone isn't yet on the same page

"Scottie still shows gvrp millions..."

I doubt it will start trading tommorrow but I'll be up at 6:00am just to make sure [Big Grin]
 
Posted by Trader88 on :
 
quote:
Originally posted by DENSKIJR:
Just got off with amtd they state that the r/s took affect today and they are only allowing closing positions on this stock no opening postiontions which furthurs my expectation that amtd is short mamg shares and needs to close them. She couldn't tell me if it will trade tommorrow or not. Does everybody have update r/s shares???????

They are short BIGTIME, so are MM's. Don't let them off cheap, fellas. r/s or not, they still need to close out their positions, make 'em pay!
 
Posted by BuyTex on :
 
quote:
Originally posted by DENSKIJR:
Well if eveyone isn't yet on the same page

"Scottie still shows gvrp millions..."

I doubt it will start trading tommorrow but I'll be up at 6:00am just to make sure [Big Grin]

I wouldn't be surprised one tiny bit that others could trade whilst Scott-folk are relegated to the sidelines...again.
 
Posted by Trader88 on :
 
That's right Tex. If Ameritrade allows closing positions tomorrow, it won't matter to them what the other brokers are doing. Someone said that they got an email that they are allowing closing positions. I've heard that before, only for them to tell me "sorry, the person who told you that was wrong". All I know is that I'm getting up early tomorrow.
 
Posted by cruz on :
 
We need an L2 monitor here if its trading tomorrow.
 
Posted by Trader88 on :
 
IHUB people will be on top of L2, check on the GVRP or MAMG boards. Lots of those guys have pink sheet L2
 
Posted by BuyTex on :
 
My guess re Scottie? I'll wake up and they've updated over night. Not holding my breath for them to have the correct price, either...
 
Posted by Trader88 on :
 
Tell them that if they r/s, the correct price is $300.
 
Posted by BuyTex on :
 
Posted this on MAMG thread at I-hub:

quote:
What if traders at I-hub and Allstocks chipped in together for half- or full-page ad in something like USA Today or WSJ? Probably be cheaper than retaining an attorney seeking an injunction...

 
Posted by Trader88 on :
 
I don't think we will need to Tex. It would be a blatant disregard of a CARDINAL rule for this not to open at $300. Not that they already haven't broken rules, but that one would truly be criminal. Many people bought this stock at .0001, they are entitled to a $300 opening, period.
 
Posted by George on :
 
I still have all of my GVRP shares. I do not think Scottrade is doing anything because they have not received any type of official word on what to do. Sounds like AMTD is just doing what the company tells them to do. That's what got them in this mess.
 
Posted by BuyTex on :
 
Scottie told me r/s would go through and price would not be adjusted to pre r/s prices because of the symbol change.

Anyway, I say we keep the ad idea in mind if the company gets its way on the price...
 
Posted by Trader88 on :
 
Tell them sorry, no dice. MAMG traded for .005, last trade was .0001. That was after the symbol change, that argument will not hold water.
 
Posted by H2NRG on :
 
Has anyone contacted this attorney, Bill Singer... http://rrbdlaw.com/? His web address was listed on http://www.stockpatrol.com/s_investorresources.php.
 
Posted by StevieB on :
 
My Mamg share worth .03. Can't pay a lawyer with that. I guess the company got the last laugh after all.
 
Posted by StevieB on :
 
Thanks to the SEC for stopping trading on this POS - I am out a bundle AGAIN. Thanks SEC for protecting me again!! [Mad]
 
Posted by yoke yanker on :
 
Haven't seen a trade yet today. Looks like another exercise in wishful thinking by the company.
 
Posted by BuyTex on :
 
quote:
Originally posted by StevieB:
My Mamg share worth .03. Can't pay a lawyer with that. I guess the company got the last laugh after all.

file formal complaints with everybody: SEC, NASD, your Congressional reps...everbody. Keep it short. "Unfiled r/s, price not only does not reflect pre r/s price, but it's even worse than company's announced goal: PR said r/s was to restore original structure to pre f/s condition, but new price is same as AFTER the f/s."
 
Posted by George on :
 
I still have all my GVRP shares....
 
Posted by George on :
 
I worte these guys today:

http://www.rosenlegal.com/

http://www.kaplanfox.com/
 
Posted by BuyTex on :
 
cool, first guys filed against CAFE...way cool

Keep us in the loop...
 
Posted by keithsan on :
 
back, much less shares. hmmmmm.


Looks very illegal to me.

Will contact broker for appropriate links to dates etc.
 
Posted by keithsan on :
 
I wrote, so far ameritrade couldn't provide me with legal backup. Just following company instructions, I will continue my argument.

Thank you for contacting us today regarding MAMG.

The reorganization is a result of instructions provided by the company. For further information, you will need to contact their Investor Relations department. I apologize for any inconvenience.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Rachael Peacock
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.
 
Posted by BuyTex on :
 
single-best summary I've seen:
quote:
Posted by: DesertRat1
In reply to: SSP who wrote msg# 72050 Date:8/12/2005 10:28:27 AM
Post #of 72141

GVRP/MAMG: It seems the only way I got my clueless broker to start seeing the light was when I explained it this way:

"The company has publicly stated it had 11 shares o/s before the f/s. They asked people to NOT trade the shares at the time the 3M:1 f/s was executed (which would include the company). Now they say they they are doing a 1:3M r/s...which should take us back to 11 shares. If you are going to do a simple name change, how can I own xxx shares of 11 outstanding?"

THEN then start to see the light that someone is short. At least so it seemed during the last phone call I made. Who knows about today.


 
Posted by keithsan on :
 
reply -2 (new rep this time) can you find a mistake by him....LOL

Thank you for contacting us today regarding your position in MAMG.

Again, I do apologize for any concern that this matter may be causing you; however, when a security undergoes a stock split, forward or reverse, Ameritrade must follow that companies instructions. Typically, stock splits must only be approved by the companies board of directors and authorized by the share holders in the company to be processed. Please note that Ameritrade cannot comment on any litigation a company may be subject to.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Kenneth Riddle
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.
 
Posted by BuyTex on :
 
yep: inviting *you* to reply with further concerns... [Big Grin]

seriously? do you mean the "authorized by shareholders" part? or "must follow the companies[sic] instructions"?

Me? I thought they had to follow SEC/NASD regs...
 
Posted by Trader88 on :
 
Yeah, Tex, excellent representation of what happened:

"The company has publicly stated it had 11 shares o/s before the f/s. They asked people to NOT trade the shares at the time the 3M:1 f/s was executed (which would include the company). Now they say they they are doing a 1:3M r/s...which should take us back to 11 shares. If you are going to do a simple name change, how can I own xxx shares of 11 outstanding?"

Problem is that the company says the o/s is 48 million. What is that, plucked from air? There is still a huge short position no matter how many r/s or f/s they do, it's still the same short that needs to be covered!
 
Posted by Trader88 on :
 
They shouldn't be "injecting" in the first place, but why inject trillions and trillions into the market if the short is only 414 billion? The number of "injected" shares should be 414 billion, and NO MORE THAN THAT, to cover the short only, not to line their pockets with more phantom shares!!!!! New o/s should be the 414 billion divided by the 3,000,000 r/s = back to the 138,000. Where in the hell do they get a 48 million o/s?????????????????????
 
Posted by Mr Bill on :
 
The new OS should be 11 with a short position of 180,000 just the same as before the FS. A FS + RS of the same magnitude should equal the same exact share structure. My common share is identical to the insiders common share on 5/23 so anything done in June must be done EQUALLY to ALL COMMON share holders. Since there was ONLY one type of share on 5/23 anything done different to the shares consititutes FRAUD. So where is the SEC and what are they doing?
 
Posted by Mr Bill on :
 
Dont forget the 48M OS was removed from the pinksheets site after about ONE month after complaints to the SEC
 
Posted by BuyTex on :
 
The deal is, we know and the reg crew knows. I think the brokers know. But we gotta find that lever, that magic button, to get the reg crew to lean on the brokers. The "hinge" is that name change, when NASD found it "simpler" to delete GLUV and add MAMG, when it SHOULD HAVE been a name change. I've got in my notes a NASDAQ official (coulda been NASD, but I believe it was exchange person) who told me they more or less threw up their hands and said well, this is the simplest thing to do.

It may have been simple, but incorrect. And it tumbles the dominoes in favor of allowing the brokers to say the price does not get adjusted.
 
Posted by glassman on :
 
you kinda have to ask yourself WHY the brokers are letting their clients get screwed dontcha???? are they on the hook here somehow?
 
Posted by glassman on :
 
by the way? that law that allows FLA companies to screw over the shareholders any way they see fit is recent law.... seems it was signed by Jeb Bush....
 
Posted by Trader88 on :
 
Exactly right. They are short, and so are MM's. I would guess there is a lot of pressure because this is big money we're talking about. Much bigger than GLKC problem where they could just let it go. This really should be getting massive news coverage, it's a heck of a story of how all the sudden the buck gets passed around when the amount of money is too huge to ignore.
 
Posted by Trader88 on :
 
quote:
Originally posted by glassman:
by the way? that law that allows FLA companies to screw over the shareholders any way they see fit is recent law.... seems it was signed by Jeb Bush....

Not surprising to me. Now everyone in the country is finally getting it through their thick sculls that the war was a big 'ol scam perpetrated by his brother. Might take another few years for people to realize they're being scammed by Florida corporations. Bad apples don't fall very far from each other.
 
Posted by glassman on :
 
they sold short. they have to cover it. i've written letters all over the place....

and as far as the politicians go? i don't think it's a GOP/DEM thing, i think most of 'em are dirty...

but passing a law to allow a board of directors to bypass the shareholders completely should be unconstitutional, cuz it's undemocratic...i don't know that it is unconst. , it just seems like it should be to me....

[ August 13, 2005, 18:22: Message edited by: glassman ]
 
Posted by Trader88 on :
 
60 Minutes might like this story, just hope we don't get on the Andy Rooney segment, lol.
 
Posted by BuyTex on :
 
ya, the deal on that FL law? it says BOD can authorize new A/S "as long as not injurious to shareholders."

lol, they'll say: "Well, we *were* the shareholders. We owned all 11."

which is fine, in the long run--how come we're not back at 11 if the r/s canceled the f/s?

clowns...
 
Posted by Trader88 on :
 
Mr. Bill is absolutely right: The o/s is now back to 11! Short still needs to be covered.
 
Posted by Raptorsrule on :
 
Well folks.....what do we intend on doing now?

Surely a good securities lawyer would work this one for a percentage of the gains. Seem to me to be an open and shut case.

We simply can't roll over on this one...we just can't...

We hve a class action suit here folks..let's get this ball rolling.
 
Posted by BuyTex on :
 
Raptor,
extremely doubtful to get an established securities atty to take on contigency; class action will be the way to go.
 
Posted by Raptorsrule on :
 
Tex...well let's get it on then....

crooked ba$tards....all of em'...AMTD...DTC...GLUV...all of em'....Let's go board....if this doesn't trade this week at 300 + then let's shuv it right back up their a$$.
 
Posted by Mr Bill on :
 
We need to contact RegulationSHO@nasdaq.com and ask why GVRP and MAMG have not appeared on the SHO list.

Why when the OS was 11 on 5/20 and the company admitted an insider sold 138,000 shares in error to GVRP not appear on the SHO list. Why on 5/23 with 19 BILLION shares traded and an OS of 33M did GVRP not appear on the SHO list.

SHO list -> Beginning of covering.

There is not adequate explaination for GVRP/MAMG not being on the SHO list. NONE.
 
Posted by Raptorsrule on :
 
Mr Bill.....excellent point....have you written thm yet?

Let me know..

We all should....time to make some noise
 
Posted by intoxjin on :
 
one quick question: I bought 7M after the FS happaned, how many share am i going to have after the RS? 2.33 share?
 
Posted by BuyTex on :
 
That's the math, but I don't remember if they addressed fractionals or odd lots in their "official PR" that brokers seem to be going by...
 
Posted by Mr Bill on :
 
Yes I wrote them. Have filed complaints with SEC as well. Should get 2 shares. Allegedly they are rounding up. In my case AT truncated. I have a complaint in on that as well.
 
Posted by keithsan on :
 
another:

Please accept our apologies for the frustration this has caused.

In the recent past, Gluv Corp. (GVRP) implemented a three million for one (3,000,000:1) forward split. The company also changed its name from Gluv Corp. to Media Magic Inc (MAMG).

In addition, the company then executed a one for three million (1:3,000,000) reverse split effective 7-5-05. Notice of the effectiveness of the reverse split was recently received from the company's transfer agent, Interwest Transfer Company, and MAMG shares were adjusted accordingly. This split was part of the restructuring plan announced by MAMG on June 21, 2005.

In processing the split in your account, you will see your shares of MAMG were reverted back to the former position (GVRP) and subsequently split to reflect the current issue, MAMG.

I apologize for any confusion these transactions may have caused. Please be aware that Ameritrade is required by industry regulations to reflect any changes made to securities that are subject to a mandatory reorganization, such as the one implemented by Media Magic. Ameritrade has no influence over or decision in a company's reorganization process.

The transfer agent, Interwest Transfer Co, forwarded the information through official channels to our clearing firm.

Please contact the company for more information or any questions about the reorganization.

www.mediamagicinc.com

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Joy Busse
Apex Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
 
Posted by George on :
 
I do not think Scottrade is going along with this. I still have all of my GVRP shares showing.

AMTD has been doing things along with the company before it is legal and final, Scottrade has not. This is what has gotten AMTD in the mess they are in.
 
Posted by George on :
 
I hope after this is all done that the f'ing company goes under and no one ever buys another share of this scam company....

All companies have to do is a name change, R/S to nothing, and no R/S price adjustment...they make bank we get screwed...
 
Posted by Trader88 on :
 
quote:
Originally posted by George:
I hope after this is all done that the f'ing company goes under and no one ever buys another share of this scam company....

All companies have to do is a name change, R/S to nothing, and no R/S price adjustment...they make bank we get screwed...

That appears to be the latest scam. Let's see how many times this repeats itself in the market. I would bet there are scammers plotting as we speak. SEC could give a sh_t less.....
 
Posted by Mr Bill on :
 
Yes but the insider should LEGALLY have to cover their SHORT position, that is if the LAW of the land is upheld. Florida law prohibits share structure adjustments by the board of directors which treat shareholders unfairly. Clearly changing 10 shares of the common to a new class while not allowing other commons the same chance is illegal. Clearly allowing 1 share an extra 3M to 1 FS while not allowing the other shares the same is illegal. I had my 1000 shares prior to 5/20 so am entitled to the same treatment as other common shares. So says Florida law and Federal law.

So why do regulatory bodies not enforce the law?

That is a question for the SEC and State of Florida
 
Posted by glassman on :
 
Florida States Atty Ofiice:

State Attorney's Office:


Main Office Receptionist
831-6955

Victim Advocate Unit
765-4133

Witness Coordination Assistance
831-6200
http://www.sao17.state.fl.us/victims.htm
 
Posted by Mr Bill on :
 
What is the area code on 831-6955 number?
 
Posted by Raptorsrule on :
 
Thank you for contacting us today regarding your account. I show that this stock has not traded since August 2nd. This stock recently changed its symbol from GVRP to MAMG. At this time, the market makers are not accepting orders for this security. Until the market makers start accepting orders for this security, we will not be able to facilitate orders for it. I apologize for the inconvenience.

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Ryan Asmussen
Apex Client Services, Ameritrade
Division of Ameritrade, Inc.

P.S. Get more from your Ameritrade experience. Are you taking advantage of the free third-party analysis and recommendations available to you? The next time you log on take a few minutes to check out the Research tab for a complete view of all the quality information at your fingertips.

Past performance of a security does not guarantee future results or success.


Original Message Excluded:
 
Posted by Trader88 on :
 
MM's not accepting orders probably because what the company did is not legal and they know it.
 
Posted by glassman on :
 
yep, and i think the MM's could in fact be holding some themselves....

they probly read allstocks and iHub too [Wink]

the MM's are my friends
the MM's are my friends
the MM's are my friends
the MM's are my friends
the MM's are my friends
the MM's are my friends [Big Grin]
 
Posted by Trader88 on :
 
yeah, they're holding. About 40,000 short. No wonder this POS isn't trading yet.
 
Posted by Raptorsrule on :
 
quote:
Originally posted by glassman:
yep, and i think the MM's could in fact be holding some themselves....

they probly read allstocks and iHub too [Wink]

the MM's are my friends
the MM's are my friends
the MM's are my friends
the MM's are my friends
the MM's are my friends
the MM's are my friends [Big Grin]

I hope they are....on all accounts!
 
Posted by BuyTex on :
 
I gotta be out again tomorrow--can somebody sitting by a phone call NASD and just ask, "Can *any* pub-lick company do a r/s without filing anything?"

"if a company does a r/s, doesn't the price *have to be* adjusted in same ratio?"
 
Posted by Mr Bill on :
 
Try Andrea Orr at 202-728-8156 and Ask:

* Why has GVRP/MAMG not been on the SHO list when an insider sold the entire float 138,000 times?
* Why are brokers doing a RS when no NASD site has one?
* FL Law requires any share structure change by the BOD to be Fair and not injure shareholders. How does a share give away to insiders NOT injury me. How can I go from owning the FLOAT 1000 times to less than 1% and one call it fair?
* How did GVRP have a majority shareholder vote when traders owned more shares than insiders and were not contacted?
* How can there be a FS for only ONE of the common shares and NO filing on NASD?
* How can the company change the COMMON share structure and make SOME INSIDER COMMON shares SUPER and INVESTOR COMMON SHARES squat? They are ALL COMMON SHARES entitled to the same rights
 
Posted by Trader88 on :
 
Mr. Bill, you are right on, buddy. Sometimes even I get confused on the details of this thing, but you always draw the attention right where it should be, in a way that everyone can understand. MR. BILL, YOU DA MAN!! Great list of questions, too.
 
Posted by BuyTex on :
 
No kiddin, Mr Bill...I'm with you all the way.

I simply want NASD/SEC to go on the record *without* addressing a specific company. I want to know if any pub-lick company ( well, USA rules), anywhere, anyway can r/s w/o notice and if so can they r/s shares w/o r/sing prices. Just anybody.

Then I wanna know under which regs that's allowed...
 
Posted by StevieB on :
 
Tex: They already answered that as far as GVRP. If the State Law allows - in this case Florida - then it is legal and allowed. They can pretty much do what they want. On the other hand they (SEC/NASD) does not want to sanction it - hence as you pointed out when you contacted Dressler (their Lawyer) NASD refuse to list the symbol change as reverse split.

IMHO - deleting GVRP and adding MAMG - instead of the traditional way the change the symbol when they R/S is where the price change is screwed up. I bet the scumbags at Media MADRig would have liked to see it at the $300. I guess this is not going to be fixed unless someone buys shares for $300 or whatever!!
 
Posted by BuyTex on :
 
yeah, ha, Dreyer said they "begged em" to post the r/s--yeah, I bet...

Florida law does allow BOD to end-run shareholders, but still there's that clause "as long as not injurious to shareholders" (may not be exact quote, but the intent is correct).

Yeah, the $300 pps? That's what dawned on me about midnight a while back...maybe the SEC is blowing off shareholders but giving them rope to really screw up for prosecution. nice thought, but it doesn't help us...
 
Posted by Mr Bill on :
 
The RS does not injure anyone unfairly as such. The change in share structure causes injury due to the class A/B and existing pre class A/B common shares then being treated differently.
 
Posted by BuyTex on :
 
r/s hurts if they effect an r/s that reduces shares w/o raising price...they're wrong for sure with "special treatment," also wrong if no price change sticks...

btw, Dr Worm on IH had interesting post yesterday on Golden thread re head of SEC regional enforcement in Ft Worth moving to famous law firm in Dallas...possible resource...
 
Posted by pcloadletter on :
 
just lost my 87000000 GVRP

replaced with 29 MAMG

ouch
 
Posted by George on :
 
Still nothing changed with Scottrade.. I still have all my GVRP...
 
Posted by Trader88 on :
 
quote:
Originally posted by pcloadletter:
just lost my 87000000 GVRP

replaced with 29 MAMG

ouch

Shouldn't be an ouch at all, those 29 shares should be worth 3,000,000 times what your old ones were. That's why it's still not trading, because the rules and regs have not been followed by the brokers, T/A, and company. I believe the regulators are still investigating, otherwise the "restructuring" would have taken effect, MAMG would be trading, and our shares would be virtually worthless. Patience, we have no idea what the SEC is doing, these investigations sometimes take a long time. This has only been 3 months, sometimes they take years to issue a statement.
 
Posted by H2NRG on :
 
Just spoke with local Scottrade rep a few min ago... August 5 internal email states that certs will be mailed out to us GVRP/MAMG shareholders, but no timeframe on it. Don't know if they plan to implement R/S or not. We will need to sign a "stock power" (I presume this is the definition http://www.investorwords.com/4747/stock_power.html ) to sell stock.

Would another Scottrader please call their local rep to confirm that I got the right info here? My rep said he would contact Ms. Greene--she will not reply to my emails asking about the proposed R/S, and justification thereof.
 
Posted by H2NRG on :
 
I guess that this now makes sense, since they also stated in that 8/5/05 email that the MAMG shares are not "DTC eligible", as the Compliance Supervisor discussed in this 7/28/05 email...

quote:
This email is in response to your recent inquiry on the above referenced
security. As you are aware, there were numerous issues with regard to the
reorganization of this company. Due to the confusion this issue caused,
many brokerages endured delays with the posting of the split shares. In
addition to this issue, the company also announced additional changes on
this security, including a name change to Media Magic Incorporated. At this
time, a majority of the shareholders have been credited with the original
shares due to the forward split owed. The next step is to exchange these
shares to the new symbol of Media Magic (MAMG) and post the reverse split
that was also announced. In order to complete this process, we are working
with the Transfer agents and DTC to determine how this may be accomplished.
It is undetermined at this time if this new security is DTC eligible, which
would allow it to be exchanged electronically so that they can be be posted
directly into your account. In the event it is not, Scottrade will have to
issue certificates to you directly. We are in contact with the proper
entities so that they may assist us with how to proceed from this point. We
sincerely apologize for the frustration you have endured with this matter
and assure you that Scottrade is working diligently to get this issue
resolved. Unfortunately, this matter was not within our control and we are
doing our best to get this matter expedited so that you receive these shares
as quickly as possible. We appreciate your patience.


 
Posted by Mr Bill on :
 
Ask them wht AT did it electronically ?
 
Posted by H2NRG on :
 
Bill--I've asked them many (many!!!) a thing via (many!!!) email, but no response from any persons who do know a thing. My local rep knows nothing--he was thoroughly confused by the matter, plus had to get to other calls--he was rushed--probably would have taken another half hour or longer to fully explain the situation to him. Ugh.
 
Posted by pcloadletter on :
 
Wells Fargo also did it electronically
 
Posted by Trader88 on :
 
I talked to a lawyer friend of mine the other day, specializes in business law. He said that basically the shareholders need to be made whole, at the very least should be able to recover what the stock traded for last. He also said that if there is a reverse split, the price definitely needs to be adjusted to reflect equality. Didn't tell me anything I didn't already know or think, but just confirms what we have been saying here all along.

These guys need to pay up. Going after the T/A insurance seems to me to be the best chance for recovery here.
 
Posted by Mr Bill on :
 
SSTY suspended and back trading. Why is the only stock in recent history that is not trading after a suspension GVRP/MAMG ? Maybe because it was the GREATEST screwup in the history of the stock market? A short position of 18 MILLION percent when one considers the FLOAT was 1 and about 180,000+ shares were SOLD SHORT. Since NO EASY RESOLUTION exists the answer seems to be to put one's head in the sand and act like a problem does not exist.
 
Posted by Trader88 on :
 
Now I think we have a cause of action for market manipulation, because that's what's going on here. Let them dig themselves deeper, someday soon some lawyer out there is going to become very rich off of what they have done.
 
Posted by Mr Bill on :
 
call your friend you talked to and see what he would charge to represent us. We need someone who would take a percetnage of the settlement IMO
 
Posted by Trader88 on :
 
Unfortunately, he doesn't do securities law. So far, I've contacted several firms and have gotten zero responses in the last month. Seems no one is interested. Time for plan B....
 
Posted by BuyTex on :
 
what I'm being told is class action fellas--finding a consignment guy is a hen's teeth gambit. Sheer luck if we get someone...
 
Posted by Mr Bill on :
 
What is BS is that if the REGULATORS did their JOB this would be trading and ALL LONGS would have made a FORTUNE. How can REGULATORS allow an INSIDER to SELL the float 138,000 times and an MM to PILE ON for 40,000 more shares. Are the REGULATORS protecting investors or the big names on wall street?
 
Posted by Trader88 on :
 
This is straight up market manipulation at this point. Hopefully the regulators are doing their job, remember sometimes these things take many months or even years. I just wish they would at least throw us a bone and give us a hint of what's going on (if there even IS anything going on).
 
Posted by StevieB on :
 
I had 351 shares when they R/S split the shares at AT - today they are showing 350. 1 share less. Did anyone else encounter this??
 
Posted by BuyTex on :
 
Fellas? My take is the SEC is waiting till they trade again, at illegal levels re phukked r/s. They ain;t gonna enforce a buy-in that moves pps to corrected price, cuz that rewards the BGs...

SEC wants to smack em, but not in a way that helps us cuz that also helps Pearce et al. "Give em enough rope..." and so forth

Our redress is class action suit...SEC does not care about "us": their thinking is we bought a lotto ticket, so here's your lotto play, suckers...
 
Posted by DENSKIJR on :
 
SteveB,

I had 100 shares than went to 300 million I sold 100 million and had 200 million left the r/s to 66 shares my 2/3rds share vanishied into thin air. Sucks don't it.
 
Posted by Mr Bill on :
 
BTex, Yeah and then they give them a $100 Partking ticket fine. What BS. If that is the SEC's motiviation then throw the guilty parties in jail for 20 years and fine them $3 million bucks and redistribute the money to wronged shareholders. We hear all the BS talk about increased enforcement, etc. WHY DO THINGS NOT GET BETTER ? Because regulatory agencies do not make the wrong doers SUFFER ENOUGH PAIN. Make them lose both financially and put them behind bars for along time and other folks behaviors will change in a hurry. Slap them on the wrist and the corruption will only grow in magnitude. The ROOT CAUSE of the problems being seen in the stock market the last 10 years is regulatory agencies have been slapping the bad guys on the wrist and not sending a real message IMO.
 
Posted by BuyTex on :
 
Mr Bill--could not agree more...
 
Posted by H2NRG on :
 
So, is anyone actually organizing some litigation?
 
Posted by H2NRG on :
 
GVRP/MAMG Scottrade Update...
My GVRP shares tonight were R/S back to original # now showing in MAMG, showing last MAMG price of 0.0001. Damn! Still no info from Scottrade's Compliance Dept on legality of this R/S. Haven't heard from Compliance Dept Supervisor in almost a month, in spite of numerous emails and a complaint to my local rep. This sucks big!

Is anyone actually pursuing litigation??? Do we have any recourse???
 
Posted by George on :
 
My scottrade does not show gvrp or mamg shares...I guess they will hit in the morning. My account is down 30 k....
 
Posted by BuyTex on :
 
H2, recourse? I think we do now...this is illegal.
 
Posted by rrttd on :
 
my cvrp shs gone from scotty also down 24000$
 
Posted by H2NRG on :
 
I spoke with Scottrade twice this morning--once with a national guy before my local guy got in, and then the second time with my local rep. During the first call, I was able to get the national guy to put in sell orders for my new MAMG shares at $300 and $600, for separate chunks. He had to override the system, which wouldn't ordinarily allow them. However, by 9:30, the orders were gone. I called my local rep, who told me that he was surprised that the orders took the first time around, because my shares are tagged to be mailed to me. When I asked about how will I be able to sell these shares, once I receive the certs, he didn't have an answer. He hasn't heard back from Scottrade Compliance Dept, either, so he couldn't give me any further info.

Now, I am wondering why are we being mailed certs? Would it make sense for us to have our certs if there were going to be a tender offer for them? Otherwise, what does it mean for our MAMG shares to not be "DTC eligible"?

Someone has to have some answers, but who? How do we get to the truth here? Damn, I am sounding like Agent Mulder--"The Truth Is Out There"...
 
Posted by George on :
 
Here is what my scottrade account shows this morning:

8/23/2005 MAMG STOCK DELIVERED OUT: 51 SHARES OF MAMG $0.00 $0.00
8/23/2005 MAMG STOCK RECEIVED: 51 SHARES OF MAMG $0.00 $0.00
8/23/2005 GVRP# STOCK DELIVERED OUT: 150400000 SHARES OF GVRP# $0.00 $0.00

By delivered out I guess they mean they are mailing them..I knew I should of sold that friday for a $500 profit..Now I will have toliet paper.

Just another lossing lotto ticket....

I hope these *******s spent more than they made on time, legal fees and everything else. Also I hope no one ever invest in any company these guys ever own.

That is what we need to do is get the names of all involved and any companies they are involved in black listed...Who wants to invest in any of their garbage.
 
Posted by George on :
 
I hope that MAMG goes under and these guys have to go stand in the unemployment line...

I may start a anti MAMG website just for the hell of it.
 
Posted by H2NRG on :
 
Is it a really a losing lotto ticket? If so, then expect a wave of copycat situations to arise--green light to scam even more unsuspecting "investors". However, if the regulators are really doing their jobs right (ha ha ha!), then perhaps there is another reason for our MAMG certs to be mailed to us. Maybe they're not "DTC eligible" for a reason??? I am hanging on to a thread of hope here that we will have a tender offer on the table for these shares, to help clear the way for justice to be done, and for the company to resume business. Seems to make sense, at least in my mind, fwiw.
 
Posted by George on :
 
You would think they have to do something. They have to some how get this trading again and get back investor confidence. If they do not they might as well be a private company because no one will touch it now.
 
Posted by George on :
 
Looks like I got my Certs in the mail yesterday. Ihave to go by the post office to sign for them.
 
Posted by BuyTex on :
 
Interesting...the company has to pay for printing and mailing, yes?
 
Posted by cruz on :
 
How many? Is anybody else requesting their certs? I was going to request certs when I had my millions of shares but decided to wait. I now have 80 r/s shares. If request certs on these am I acknowledging these as my total number shares. I should have 240 mil shares.

quote:
Originally posted by George:
Looks like I got my Certs in the mail yesterday. Ihave to go by the post office to sign for them.


 
Posted by BuyTex on :
 
ya, I don't want to do anything that acknowledges the company bs line, either.

I hear ya, cruz...
 
Posted by George on :
 
You think I should refuse the shipment and not even go by there to sign for them? They were sent to me by Scottrade. I did not request them but I saw earlier where someone else from Scottrade was told they were all being mailed. I think it is because Scottie does not want to play with this any longer and is washing their hands of it.
 
Posted by BuyTex on :
 
Got my certificate showing shares of MAMG, certified mail only moments ago. Had to sign for the letter, don't know yet about signing receipt and cert. Prolly gonna ask an atty--

A division head at Ft Worth regional SEC office recently quit to join famous law firm in Dallas; may try to wrangle a coupla answers outta him...
 
Posted by H2NRG on :
 
How much do you suppose that certificate, framed and matted, would go for on eBay? LOL
 
Posted by H2NRG on :
 
Not home--haven't gotten my mail yet. I'll be intrigued to hear what that former SEC guy has to say, Tex.
 
Posted by Trader88 on :
 
Is this just Scottrade mailing certs? The other brokers going to do this as well? This could be a precurser to some kind of offer. The company knows this stock will never trade again until we are dealt with somehow. Not only that, any company these guys are affiliated with in the future will get no investors unless MAMG investors are paid for this mess.
 
Posted by George on :
 
They said it could not trade electroniclly so they are send everyone shares. Should be all of them.

and I agree that there is no way this will trade until they fix...They have got to be missing out on a ton of funds....
 
Posted by looking4$ on :
 
altx Oil Great Value up 15% today whatch u think
 
Posted by rrttd on :
 
got my notice yesyerday in mail to come sign for certs has anyone figured out if we should do it or not what will happen if we dont except them
 
Posted by H2NRG on :
 
What's the worst that could happen if you refuse to accept them? If they send them to me, I will refuse acceptance and have them sent back to Scottrade. However, since my shares are in an IRA, I suspect they won't be sending the certs to me, after all. Still showing post-illegal-R/S shares in my account on-line.
 
Posted by BuyTex on :
 
Good question for your broker--but don't ask local office, esp. if it's Scottie, lol
 
Posted by H2NRG on :
 
quote:
Originally posted by BuyTex:
Good question for your broker--but don't ask local office, esp. if it's Scottie, lol

Yeah, my local Scottrade rep is clueless about GVRP/MAMG situation. He doesn't have enough time for me to explain it the way it should be explained. He is a very friendly guy, but the other day when I was pressing him for info about the certs to be mailed out, we both got a bit testy. Not the way I want my relationship with the local rep.

Also frustrating that I cannot get a reply from Scottrade Corporate Compliance, after over a month since I last received an email from the supervisor, Ms. Greene. Numerous emails regarding legality of the R/S, where the R/S details have been posted, etc., etc., have gone unanswered.

This situation really sucks--an extreme understatement.
 
Posted by Trader88 on :
 
This is still interesting 3 months later. Something HAS to happen, the only question is what and when. The fact that it's still not trading as r/s MAMG is a plus for us, IMO. Company/insiders wanted everything to just go away, and it hasn't. Their stock is still frozen, and they can't let that happen indefinitely. For r/s shares, $300 per share must still take place. Unless of course they want to make us an offer.
 
Posted by BuyTex on :
 
Talked to compliance today. Nice lady. Knows little. Looked up stuff on Yahoo...lol. Started explaining to me about the r/s from Yahoo/Finance Bizwire post. I had to point out to her the source "down at the bottom--it's from the company."

Oh.

I pointed out that a company might say anything it wants to. Pause. Then with a knowing tone:

"Well, I think the SEC might have something to say about them saying just anything they want to."

uh-huh...

Switched to a different issue, one that owes me divvy shares. She reads off where my account got credited 14 cents "in lieu of fractional shares."

I said that's not right; the split was structured such that I'm owed 100 shares.

"O I highly doubt that," she says, giggling. "It was a 750 to 1 reverse split."

"Yup," I say, "with nothing rounded up less than 100 shares."

Tell her I'll find the Web page and call back. She calls me first.

"You're right--we sent notice to the TA last week asking for the shares."

ya--and I'm right about reverse splits, too. You can't r/s w/o adjusting the pps.

Back to SEC and NASD...also to this character: Michael Oxley, Chairmman, Committee on Financial Services; US House of Representatives; 2129 Rayburn House Office Building; Washington DC 20515
 
Posted by Trader88 on :
 
Of course the best thing to do here is to make the T/A insurance pay this $41,000,000 bill. Make 'em hurt like hell, or this is going to happen again and again. It already has with BCIT. This is just the beginning of the "phantom share" scams unless they put a hurting on the ones involved. Make the insurance pay out big and I guarantee this will never, ever happen again. Come on SEC, make an example out of this, set a precedent!
 
Posted by Purl Gurl on :
 
"Come on SEC, make an example out of this,
set a precedent!"

That will never happen. Christopher Cox is
in charge of the SEC as of this month. Warned
you boys about him, many times.

Cox is about as corrupt as can be. He was even
indicted twice for a Ponzi scam which ripped
off thirty some odd million dollars from the
elderly here in California.

Financial crime and corruption will increase
dramatically with Cox in charge.

GLUV, I estimate they walked away with a cool
half-million to one-million in illegal profits.

With Cox in charge, GLUV is a dead issue.
Your money is gone for good.
 
Posted by BuyTex on :
 
he sure made a nice lil ol speech to his minions
 
Posted by Purl Gurl on :
 
Have to give Suck Cox credit for being able
to speak coherently, unlike George Bush.

However, same ol' lies coming from his mouth,
like George Bush.
 
Posted by BuyTex on :
 
at least, speaking coherently? one can challenge later..."well, you said..."

with dubya? who knows what he said?

i mean, cuz the problem, well its not really a problem for the American poeple, well it could be for some people, but then they're not Americans or, at least, not people, well they might say they are, but they don't recognize the problem....
 
Posted by H2NRG on :
 
Purl Gurl... were your GVRP shares R/S'ed into MAMG shares? Did your brokerage firm send you certs? What are your plans for your certs when/if you receive them?
 
Posted by NaturalResources on :
 
quote:
Originally posted by Purl Gurl:
"Come on SEC, make an example out of this,
set a precedent!"

That will never happen. Christopher Cox is
in charge of the SEC as of this month. Warned
you boys about him, many times.

Cox is about as corrupt as can be. He was even
indicted twice for a Ponzi scam which ripped
off thirty some odd million dollars from the
elderly here in California.

Financial crime and corruption will increase
dramatically with Cox in charge.

GLUV, I estimate they walked away with a cool
half-million to one-million in illegal profits.

With Cox in charge, GLUV is a dead issue.
Your money is gone for good.

Bush's fault, right Purl?
 
Posted by BuyTex on :
 
NR, don't remember you DD-ing or anything on this one...did you buy pre F/S or later?
 
Posted by Trader88 on :
 
Don't know about GVRP, but just about everything else in the world right now is his fault. Too bad the election was held before all the knuckleheads finally had time to realize that.
 
Posted by JHenry on :
 
Paper certificate arrived from Scottrade today. My dad always said paper certs aren't worth the paper their printed on. Could probably use it to start a fire in the fireplace with. Anyone else have any ideas on what to do with this thing. Does anyone think I would be able to send it to another brokerage account. I have one at Ameritrade and another with Vanguard. I haven't called either of them yet to find out. I was thinking I might wait a while to see how things play out with the other brokerages.
 
Posted by H2NRG on :
 
My, Scottrade has been busy, trying to rid themselves of Media Magic. They're stuck with mine, though, in an IRA.

When will we find out about the legality of this R/S? Will these shares ever be tradable?
 
Posted by BuyTex on :
 
Heck, I'd still like the NASD to verify whether *anybody* can r/s without posting it. Suspect SEC has chased them into limbo and feel mission is accomplished...

to me? that's like using more and more deoderant to cover the stench of decaying meat...
 
Posted by Mr Bill on :
 
Some Important questions:
* Why was GVRP/MAMG not on REG SHO list?
* How can brokers RS without NASD/OTCBB Authority?
* How can someone with a HUGE SHORT position ever balance their account(s)
 
Posted by Trader88 on :
 
Good questions for The SEC and NASD.
 
Posted by H2NRG on :
 
Thursday, I complained to NASD about the MAMG R/S done by Scottrade using https://apps.nasd.com/Investor_Information/Complaints/complaintCenter.asp
Problem(s) Reported:
Primary: Unauthorized transactions
Secondary: Misrepresentation or misleading information


I have a long history of emails I sent to Scottrade's Compliance Dept Supervisor that were never answered, asking about the legality of the R/S. I will happily send these along to NASD.

For those of you who received certs from Scottrade without authorization, you could complain here too. Make sure that you have contacted Scottrade already--if you have an email trail saved, that would be helpful to list.

[ September 02, 2005, 00:38: Message edited by: H2NRG ]
 
Posted by Mr Bill on :
 
AT claims any issue with rule 10b-17 is a problem for the issuer, MAMG, and not the broker. They told me in writing that was CC'd by letter to the SEC that they had the authority to do the RS based on instructions from the TA only. No mention of the DTC authority and unnamed source appeared in the letter I got today that also went to the SEC.
 
Posted by H2NRG on :
 
quote:
Originally posted by Mr Bill:
No mention of the DTC authority

Hence, why Scottrade refers to these shares as "not DTC eligible"?
 
Posted by BuyTex on :
 
I think they're "not elegible" for anything...NASD has never recognized the r/s...hence no adjusted r/s price...
 
Posted by Trader88 on :
 
They can f/s or r/s all they want, still doesn't change the fact that the short position still exists and still must be covered. As Mr. Bill has said many times, they can't treat those initial insider shares any differently than ours. The shares that insider sold to us were of the same class. That would be like saying: "We had apples and sold one apple 138,000 times, but now we want to change our apples to caviar, but the ones you own are still apples." They sold 1 share short at least 138,000 times, and that fact can never be changed no matter what they do or say.
 
Posted by BuyTex on :
 
agreed...many times over...

we need an attorney...
 
Posted by Trader88 on :
 
I never heard any response from the lawyers I contacted. I don't think it's because the case is unwinnable. I believe the reason is that they don't see any deep pockets. But that may not be entirely correct due to the financial resources of some of the parties involved. Remember, this involves more than just a little 'ol company from Fla with little or no assets. Unfortunately for us, however, I don't think the lawyers we contacted can see that forest through the trees.
 
Posted by BuyTex on :
 
Trading has stopped. Establishment is content. Another pink bites the dust. We need an attorney...mho
 
Posted by Purl Gurl on :
 
My three-hundred-million shares showed up in
Etrade this morning. However, as 379896202
Gluv Corp New. Cannot trade as of yet.
 
Posted by Purl Gurl on :
 
Interesting this GLUV CORP "NEW" instead of
the old name. No hint of the MAMG name change.
 
Posted by H2NRG on :
 
quote:
Originally posted by Purl Gurl:
Interesting this GLUV CORP "NEW" instead of
the old name. No hint of the MAMG name change.

I had those forward split "GLUV CORP NEW" shares for about a week, from 7/26/05 to 8/3/05. Then, on 8/3, Scottrade deleted those shares and deposited reverse-split Media Magic shares. It will be interesting to see if E-Trade trades yours out similarly.
 
Posted by Purl Gurl on :
 
Appears GLUV will get away with ripping off
the investment public to the tune of a good
half-million to one-million dollars through
unlawful activities condoned by the SEC.
 
Posted by Purl Gurl on :
 
I would write to Sux Cox, chairman of the SEC,
but he has such a well documented history of
criminal securities fraud, I am sure to have
less luck than Don Quixote.

Refreshing to have George Bush appoint a known
criminal to head the SEC. I will be initiating
a campaign to defeat the senators on the
Senate Banking Committee, next election, for
their approving a criminal to head the SEC.
 
Posted by Marcus on :
 
What have people done with their paper copies? I just sent mine up to scottrade...decided against using it as TP...
 
Posted by Marcus on :
 
What have people done with their paper copies? I just sent mine up to scottrade...decided against using it as TP...
 
Posted by George on :
 
quote:
Originally posted by Purl Gurl:
Appears GLUV will get away with ripping off
the investment public to the tune of a good
half-million to one-million dollars through
unlawful activities condoned by the SEC.

Someone may have made some money but don't you think it has ended up costing the company more in the long run???? They are not trading and this has got to hurt. They have had to have legal bills from this. They have probally lost customers. on and on....worth more than a million lost...
 
Posted by NaturalResources on :
 
quote:
Originally posted by Purl Gurl:
I would write to Sux Cox, chairman of the SEC,
but he has such a well documented history of
criminal securities fraud, I am sure to have
less luck than Don Quixote.

Refreshing to have George Bush appoint a known
criminal to head the SEC. I will be initiating
a campaign to defeat the senators on the
Senate Banking Committee, next election, for
their approving a criminal to head the SEC.

ALWAYS BUSH'S FAULT.....
 
Posted by BuyTex on :
 
NR, lol, who do *you* think appointed Cox? Did I miss an election?
 
Posted by Purl Gurl on :
 
"Someone may have made some money but don't you
think it has ended up costing the company more
in the long run?"

I commit armed bank robbery, Bank Of America,
and make off with ten grand. However, I am
caught and spend twenty grand for my defense
and do not return the bank's money.

My crime, based on your logic, is no crime.
I should be exonerated because I spent more
than I robbed.

GLUV spent virtually no money to rob the public
for hundreds of thousands. Their only expense
is cheap filing fees for those unlawful filings
to create trillions of naked short shares.

They violated lots of security laws, they
committed lots of felony level crimes, and
the SEC does nothing.
 
Posted by Purl Gurl on :
 
"ALWAYS BUSH'S FAULT"

George Bush installed Sux Cox to head the SEC.

Both Bush and the senators on the House Banking
and Finance Committee knew, before hand, Cox
has a record of both civil and criminal level
indictments for his involvement in ripping
off the elderly in California with a Ponzi
scam, ripped off for millions of bucks.

They also knew, before hand, Cox pushed through
Congress legislation which favored Enron and
Worldcom. Cox setup America for being ripped
off for billions of dollars in those scams.

Cox's crimes are very well documented and
he personally made millions from those crimes.

Those are only the better known crimes Cox
committed. He has committed dozens of crimes,
some of which, directly involved favors from
politicians, to further Cox's ambitions.

Some of Cox's coherts are still in prison, today.

Bush knew, with aforethought, he was and did
appoint a known criminal to head the SEC.

That is treasonous behavior.
 
Posted by BuyTex on :
 
and not isolated [cf: "Brownie...good job (you ol' hoss trader, you) ]
 
Posted by elitedb on :
 
Buytex, your mailbox is full.
 
Posted by BuyTex on :
 
thanks, will rectify immediately...
 
Posted by Trader88 on :
 
OK, now it's time to rectify MAMG!
 
Posted by Trader88 on :
 
Immediately!
 
Posted by H2NRG on :
 
Any GVRP/MAMG shareholders in Connecticut???
Contact Ralph Lambiase at (860) 240-8231 or ralph.lambiase@ct.gov

From http://www.onwallstreet.com/article.cfm?articleid=2994 :
quote:
Ralph A. Lambiase, a former Marine who started on the road to securities regulation as a rep, remembers when a broker was called "a customer's man."

Companies, he says, "focused on the customer, not on selling products that generate profits for the firm. Now there's a lot more focus on greed, and I have a problem with that because that means you're going to disregard the public interest."

Lambiase, director of securities and business investments for Connecticut's Department of Banking, has an even bigger problem--accountability. "With the big cases, name me the individuals who were identified," Lambiase says. "The company will pay a $200 million fine, but they want to settle the case without any liability, and I think that's wrong. Prosecutors need to focus on who was guilty, even if that means less settlement and more litigation." To federal regulators who spend too much time debating yet another rule, he has this advice: "Don't just sit there for the purpose of creating rules--confront the behavior."

He believes "regulation has become a safe harbor for the big firms" and has shifted the focus away from the individual investor. Over-regulation has also made it harder for the small firms that dominate the industry. "I just don't think you need as much regulation as we have. How about this as a rule?" he suggests to company compliance officers: "Don't lie, cheat or steal--and enforce it."

Lambiase has worked in his state's securities office since 1978 and became head of the division in 1988. Before that, he worked at the Pacific Stock Exchange, where he tracked trading volume to monitor enforcement problems.

While he is light on the penalties ($538,550 in 2004), Lambiase has brought more than a few enforcement actions--69 in the same year. Just as significant is the money he got back for investors: $4.2 million in restitution. And take a look at the case involving LH Ross & Co., a Boca Raton, Fla.-based company accused of perpetrating a classic "pump and dump" scheme. After the firm ignored several administrative orders, his securities division in January imposed a fine of $420,000 and permanently revoked the broker-dealer's license.

Mr. Bill noted Mr. Lambiase on the GVRP IHUB board http://www.investorshub.com/boards/read_msg.asp?message_id=7679090 .
 
Posted by BUDFOXWORTHY on :
 
VMHVF

http://www.otcpicks.com/DailyDigest/DailyDigest_090905.htm


VMHVF is the next NFLX! Only other play in the sector. VMHVF. DYODD.
 
Posted by BuyTex on :
 
wrong thread...
 
Posted by BUDFOXWORTHY on :
 
VIDEOMOVIEHOUSE.COM INC. (OTCBB: VMHVF)
"Up 11.11% on Thursday"

Detailed Quote: http://www.otcpicks.com/quotes/VMHVF.php

Videomoviehouse.com Inc., through its website www.videomoviehouse.com, sells and rents DVDs to both U.S. and Canadian residents. Customers are able to rent as many DVDs as they can watch for a flat monthly fee of $17.99 per month without having to worry about paying late fees. The company has an existing database of over 200,000 customers from DVD sales. By offering a truly one-stop shopping experience, the online customer will have the option to either buy or rent a DVD at anytime. With both options together on one site, the company expects to see increased traffic and sales in both divisions. The company currently has 37,000 unique titles in its movie database.

Publisher Note:

I've talked about VMHVF several times. I know the stock has not moved much up or down since that time, however, I still think this stock is a long term winner. The company has been quiet recently, but I believe that once their quarterly earnings come out they will also start coming out with a string of press releases, if not sooner. I personally keep buying shares whenever I can, and still think the stock can easily be in the $.50 range by the end of the year if the company comes through with regular PR's and investor updates between now and then. I've watched the level 2 quotes and very few existing investors in the stock are selling. VMHVF investors on the stock message boards, particularly RagingBull, are not talking about when to sell, they are talking about how to accumulate more shares which are somewhat hard to come by. I strongly feel this stock is ready to start rocking and rolling with a little news and publicity.

Today NetFlix announced that they expect to have between 3.35 to 3.5 million online rental subscribers by the end of Sept. 2005, and should reach 5 million subscribers before the end of 2006. They also stated that they expect their subscriber base to reach 20 million within the next 5 to 7 years. That is what the industry leader in online video rentals said today and it shows you the type of paradigm shift is going on in the industry. I won't go as far as saying that local bricks and mortar video stores are dead but it is my belief that they will soon be diminishing greatly. I believe that 5 years or so down the line the bricks and mortar Blockbuster stores and similar dedicated video rental chains will be gone and local rentals outlets will likely migrate to stores that are not just dedicated to video rental such as Wal-Mart, BestBuy, etc.

Once the company's affiliate program kicks into gear, their subscription rates will start to soar as will their revenue. Company expects to announce revenues between $3.5M to $4M for fiscal year in their quarterly earnings report expected out near the end of September. This year they will grow their video sales numbers by more than 300% to reach the $3.5M to $4M in revenues, of which 98% of that revenue is from video sales. If they achieve that same type of growth in video sales next year that would put that part of their business revenue between $10.5M and $12M. Then add to that an assumption that they could likely add maybe 250,000 new online video rental customers in the next 12 months, that would be the end point number so let's assume for the sake of hypotheticals that they averaged just 75,000 rental customers over the next 12 months. So if you do the math, 75,000 x $17.99 x 12 = $16.19M in gross video rental revenue and I think that number is very conservative. So, that would put the combined revenue of video sales and online rentals somewhere between $26M to $28M.

Today, with 32.09M share outstanding and the stock price at $.10/share that puts their market cap at $3.2M. YOU HAVE GOT TO BE KIDDING ME! That means that the current PRICE/SALES ratio is less than 1! A typical PRICE/SALES ratio in this type of stock might be 20 which in my calculations should peg this stock at around $2.

Rumor has it that company may be looking at online entertainment acquisition targets which could also quickly add to their revenue stream. Company is one of the biggest online DVD sellers on Amazon.com, Ebay, and Half.com. Their goal is to be #1 in Canada before end of 2005, and within next 12 months be #3 in US behind NetFlix and Blockbuster in online DVD rental market. They have publicly stated that their goal is to have 1 million DVD rental subscribers by June 2006. That may be a little ambitious, but even if they only reach 25% of that goal in the next 12 months they will experience huge revenue growth. I seriously expect their revenue next year to be between $30M to $40M and the year after that well over $100M, and those numbers are without any acquisitions to accelerate their revenues.

At this per share price I would seriously recommend stashing away some shares of this stock as a long term play. I seriously doubt that you will be sorry. I can see this moving to $2+ per share or more in next 12 months. On this one I feel comfortable being way out on the limb! Don't look back in 12 months and say to yourself, "I wish I'd have picked up a bunch of shares when it was at $.10!"

Note: We are not being compensated for this opinion, and we are not pumping this for a quick personal gain. We just believe in the company and stock and are firmly convinced of the future of this company and stock and wish to share this with our members. The Publisher personally does own shares bought on the open market and does not plan on selling those shares any time soon. We are holding out for at least $20 per share two years from now! Won't you join us for the ride? We are pushing back and will be taxiing to the runway shortly, so fasten your seat belts!
 
Posted by Raptorsrule on :
 
quote:
Originally posted by BuyTex:
wrong thread...

Second that motion....Where's the spam blocker...
 
Posted by H2NRG on :
 
Then, I'll repeat my last post to get beyond the spam...

Any GVRP/MAMG shareholders in Connecticut???
Contact Ralph Lambiase at (860) 240-8231 or ralph.lambiase@ct.gov

From http://www.onwallstreet.com/article.cfm?articleid=2994 :
quote:
Ralph A. Lambiase, a former Marine who started on the road to securities regulation as a rep, remembers when a broker was called "a customer's man."

Companies, he says, "focused on the customer, not on selling products that generate profits for the firm. Now there's a lot more focus on greed, and I have a problem with that because that means you're going to disregard the public interest."

Lambiase, director of securities and business investments for Connecticut's Department of Banking, has an even bigger problem--accountability. "With the big cases, name me the individuals who were identified," Lambiase says. "The company will pay a $200 million fine, but they want to settle the case without any liability, and I think that's wrong. Prosecutors need to focus on who was guilty, even if that means less settlement and more litigation." To federal regulators who spend too much time debating yet another rule, he has this advice: "Don't just sit there for the purpose of creating rules--confront the behavior."

He believes "regulation has become a safe harbor for the big firms" and has shifted the focus away from the individual investor. Over-regulation has also made it harder for the small firms that dominate the industry. "I just don't think you need as much regulation as we have. How about this as a rule?" he suggests to company compliance officers: "Don't lie, cheat or steal--and enforce it."

Lambiase has worked in his state's securities office since 1978 and became head of the division in 1988. Before that, he worked at the Pacific Stock Exchange, where he tracked trading volume to monitor enforcement problems.

While he is light on the penalties ($538,550 in 2004), Lambiase has brought more than a few enforcement actions--69 in the same year. Just as significant is the money he got back for investors: $4.2 million in restitution. And take a look at the case involving LH Ross & Co., a Boca Raton, Fla.-based company accused of perpetrating a classic "pump and dump" scheme. After the firm ignored several administrative orders, his securities division in January imposed a fine of $420,000 and permanently revoked the broker-dealer's license.

Mr. Bill noted Mr. Lambiase on the GVRP IHUB board http://www.investorshub.com/boards/read_msg.asp?message_id=7679090 .
 
Posted by Trader88 on :
 
Any company or broker with the word "Boca" or "West Palm" in the name I stay away from like the plague. I only invest in companies with the word "magic" in them, lol.
 
Posted by Trader88 on :
 
Anyone here got r/s today? Many at IHUB discussing it, looks like ETrade did r/s to people's accounts.
 
Posted by Trader88 on :
 
Well, if the r/s has been performed, that means the o/s is 138,010. The insiders have 10 shares and we have the 138,000 (a short position that still needs to be covered). Let's call a B.O.D. meeting since we are majority shareholders.
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=7772738

quote:
Posted by: Art2Gecko
In reply to: H2NRG who wrote msg# 73640
Date:9/16/2005 3:24:19 PM
Post #of 73665

From eTrade:
WTF, they rely on word from the company, not any regulatory body?

Thank you for your inquiry regarding the reverse split. I apologize that you
feel that the laws have been violated. E*TRADE does not announce a split. The
decision is made by the board of directors from the issuing company. It is not
the responsibility of the brokerage firm to confirm the validity of the
corporate actions. We act on the public release from the issuing company.
E*TRADE acts as the middle man. If you feel there is an issue with the split,
you need to contact MAMG's investor relations. Although this company does not
provide a phone number, you can reach them through their website
www.mediamagicinc.com. The otcbb website would not be the best resource for
reverse split information. Thank you.

I hope this information has been helpful. Please let us know if we've addressed
your questions and concerns satisfactorily by clicking the link below and taking
a 30-second survey.

http://etradefinancialsurvey.com/s04/stu.php?i=164&p=9744

As always, thank you for choosing E*TRADE FINANCIAL. If you have additional
questions or need assistance, visit our Help Center at etrade.com/helpcenter, or
give us a call at 1-800-ETRADE-1 (1-800-387-2331) between 7 a.m. and midnight
ET, seven days a week. From outside the U.S., please call +1-916-636-2510. We
look forward to serving your investing, banking, and lending needs for many
years to come.

Sincerely,

Emily Lucht
Mon-Fri
7am -3:30pm PST
(916) 858-5000 x5162
Senior Financial Services Representative
Power E*TRADE Customer Service
E*TRADE Securities LLC


 
Posted by Trader88 on :
 
WTF are they smokin'?
 
Posted by BuyTex on :
 
ya, trust the company...

they were only warned about a week before the f/s: "shhh, let them keep trading."

Clearly, a law suit is the only answer. As far as the SEC is concerned, investors have been "protected," and the crooks can't trade. Their job here is done... ("Who *were* those masked regulators?")

Actually, this requires several law suits, with various defendants: the company; the reg agencies and maybe DTCC; and some brokers
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=7797501 :
quote:
Posted by: jobynimble
In reply to: None
Date:9/19/2005 12:54:30 PM
Post #of 2968

After speaking with the examiner in Florida, I found out that no formal written complaints have been filed yet; I personally would've filed but I'm not a Florida resident. Any person who is a Florida resident that purchased GVRP should call Rick White at 850-410-9779; you can also call George Close at 850-410-9805 to find out how to go about filing a formal complaint; this will expedite them going after GVRP, imo. I feel it is imperative for those who do live in Florida to file. Let's keep the pressure on...


 
Posted by H2NRG on :
 
File a complaint about the illegal (IMO) reverse split to your state securities division...
http://www.ccsd.cc.state.az.us/links/links-other_states.asp
 
Posted by H2NRG on :
 
File a complaint with your state securities division...

http://www.ccsd.cc.state.az.us/links/links-other_states.asp

Mr. Bill has provided a nice template of what to include in your complaint here--see this post... http://www.investorshub.com/boards/read_msg.asp?message_id=7804779
 
Posted by H2NRG on :
 
Updated template here...
http://www.investorshub.com/boards/read_msg.asp?message_id=7809314
 
Posted by Trader88 on :
 
Where's Mike Wallace when you need him?
 
Posted by H2NRG on :
 
I received a reply from Scottrade...

http://www.investorshub.com/boards/read_msg.asp?message_id=7825626
 
Posted by H2NRG on :
 
I spoke this morning with George Close...
per jobynimble's suggestion... http://www.investorshub.com/boards/read_msg.asp?message_id=7824501

Mr. Close said Michael Banyas, in West Palm Beach, is investigating GVRP/MAMG... he said to call Mr. Banyas at 561-837-5054 instead of calling Mr. Close himself. Mr. Close is out of the loop beyond the info from phone calls he has received. Very friendly person, mind you. He said that the SEC may or may not have contacted Florida--he believes they only started investigating within the last four or five weeks, after a complaint came in. His view is that this will take a very long time to work out, e.g., if Florida determines that Media Magic should do something different with shares, he would expect that Media Magic would file a lawsuit, saying that the company already tried by doing the Class A/B structure thing. Then the appeals, and so on....

Anyhow, would the people who know the most about this situation please contact Mr. Banyas with all the details?
 
Posted by Trader88 on :
 
One complaint? That's hard to believe that my complaint was the only one, LOL.
 
Posted by glassman on :
 
IMO? Scotrades main liability was in refusing to allow its customers to trade the shares that were obviously rightfully ours to sell... other brokerages allowed selling of the shares, and they were ultimately delivered to our accounts...

hit 'em with that and don't let up...
 
Posted by vg on :
 
Ameritrade let investors trade for the first couple of days before the complete hault.
 
Posted by H2NRG on :
 
Don't let this thing die, folks. Keep up the fight!
 
Posted by BuyTex on :
 
What I've learned--among *many* things on this one--EVERY trader on ANY play should check the "Blue Sky" laws in your own state...or wherever you trade from...
 
Posted by Trader88 on :
 
The true share structure needs to be recognized (o/s of 11 with a short of 138,000), and let the market decide what the stock is worth. There is no reason for this not to be trading.

Also, the government needs to start going after the real looters from the hurricanes: Saudi billionaires, jacking up oil prices for no reason, wanting to add another collection of five 747's to their personal jet fleet. A barrel of oil costs less than $5 to take out of the ground and deliver. Where is all the rest of the money going?
 
Posted by Raptorsrule on :
 
quote:
Originally posted by Trader88:
The true share structure needs to be recognized (o/s of 11 with a short of 138,000), and let the market decide what the stock is worth. There is no reason for this not to be trading.

Also, the government needs to start going after the real looters from the hurricanes: Saudi billionaires, jacking up oil prices for no reason, wanting to add another collection of five 747's to their personal jet fleet. A barrel of oil costs less than $5 to take out of the ground and deliver. Where is all the rest of the money going?

AMEN.....gouging at it's best....oil is $18 per barrel at the well head......someone is getting filthy stinkin' rich.....

Unfortunately folks...my home state which supplies 26% of the NATION's gas from our refineries is getting ready to have it's A$$ kicked by rita..(beeotch!)...gas over $4 by next week.....

On the subject of GVRP.....I only wish I would have sold it all.....50K instead of 10

this will take years....if it ever gets settled....if it has anything to do with legal proceedings....it takes MUCHO time.....sad but true.......ba$tards
 
Posted by BuyTex on :
 
gvrp: blue sky laws may offer some relief...

oil: $18 at barrelhead--we're not voting very well, are we? Thanks for that info, Raptor...
 
Posted by dishgal1 on :
 
Trader, you forgot about the bridge to be built to Alaskan town population 51 I believe....LOL
 
Posted by Trader88 on :
 
"Oil-producing states haven't seen a windfall like this since the twin price shocks of the 1970s. Persian Gulf countries this year will earn about $291 billion in oil revenue vs. $61 billion in 1998, when oil prices tanked"

http://www.usatoday.com/money/industries/energy/2005-08-23-windfall-usat_x.htm
 
Posted by Trader88 on :
 
http://www.larouchepub.com/other/2005/3237energy_heist.html
 
Posted by Trader88 on :
 
quote:
Originally posted by dishgal1:
Trader, you forgot about the bridge to be built to Alaskan town population 51 I believe....LOL

Gives new meaning to the phrase "I've got a bridge to sell ya"
 
Posted by H2NRG on :
 
Has anyone called Michael Banyas yet?
 
Posted by H2NRG on :
 
Where did everyone go?
 
Posted by Trader88 on :
 
I'm here, I've just entered a dimension, not only of sight and sound, but of mind. Next stop, the Twilight Zone.
 
Posted by George on :
 
Anyone want to buy my shares????/
 
Posted by Trader88 on :
 
Well, since to this day there is still a short of 138,000, according to the rules and regs someone should be forced to buy your shares. This stock is the poster child for Reg SHO. Funny that it's not even on the list!
 
Posted by H2NRG on :
 
Good news from SSP re: MAMG investigation in Florida...
Here's the exchange...

H2NRG: Steve, have you contacted Michael Banyas re: GVRP/MAMG? See post http://www.investorshub.com/boards/read_msg.asp?message_id=7828575 . Mr. Banyas is doing the investigation. I figured that you and others close to the beginnings of the situation might be helpful.

SSP: I leave that specific contacting in Florida, with the American citizens, plus he's up to speed with the issues from what I am told.

H2NRG: Well, as long as Mr. Banyas has the proper and correct information, that's good. Hopefully his investigation will be fruitful. Can't let a proper resolution of GVRP/MAMG die or get swept under the rug, IMHO.

SSP: yes he does, and no way will this get swept under the rug! Waiting for what transpires next.

These were quoted from posts
http://www.investorshub.com/boards/read_msg.asp?message_id=7995739
http://www.investorshub.com/boards/read_msg.asp?message_id=7995780
http://www.investorshub.com/boards/read_msg.asp?message_id=7995795
http://www.investorshub.com/boards/read_msg.asp?message_id=7995834
 
Posted by H2NRG on :
 
Looks like Pearce et al are trying to sell off MAMG holdings piecemeal--this needs to be stopped!

quote:

Cirilium Holdings, Inc. to Acquire Orangebox Entertainment, Inc.

WEST PALM BEACH, Fla., Oct. 7, 2005 (PRIMEZONE) -- Cirilium Holdings, Inc. (Pink Sheets:CRLU), formerly a provider of Voice Over Internet technology solutions to small and medium sized enterprise businesses, today announced that it has entered into an agreement to acquire all of the outstanding shares of Orangebox Entertainment, Inc. ("Orangebox Entertainment"), a Burbank, CA production and post-production services company.

The acquisition of Orangebox Entertainment is anticipated to increase Cirilium Holdings' annual revenues substantially and generate earnings in its fiscal year ending in April 2006. The agreement calls for Cirilium Holdings to issue approximately 160 million shares of its common stock to Media Magic, Inc., the sole shareholder of Orangebox Entertainment. Cirilium Holdings expects to change its name and stock symbol in the near future to better reflect its new core business.

Based in Burbank, California, Orangebox Entertainment, provides entertainment companies, including TV and film producers, with sophisticated state-of-the-art video and audio production and post production services. Orangebox Entertainment caters to the explosion of reality TV, films and TV shows developed specifically for the cable television industry. The high demand for new digitally equipped stages in varying sizes and configurations is one of the niches that Orangebox is uniquely designed to fill.

Orangebox Entertainment will operate as a wholly-owned subsidiary of Cirilium Holdings and will continue to be managed by its senior management team, who are leaders in the new "Digital Revolution" presently occurring within the industry.

Prior to the acquisition of Orangebox Entertainment, Timothy Simpson, Cirilium Holdings' President and Chief Operating Officer resigned effective October 4, 2005. The Board of Directors of Cirilium Holdings then appointed Matthew J. Cohen to serve as Chief Executive Officer and Chairman of the Board prior to tendering their resignations as officers and directors of Cirilium Holdings. "We are very pleased to announce the acquisition of Orangebox Entertainment, Inc., which will re-launch Cirilium Holdings, as a leader in the video and audio production and post production industry," stated Matthew Cohen.

About Orangebox Entertainment, Inc.

Orangebox Entertainment, Inc. is an innovative company with a strategy to increase its market growth by diversifying its customer base. The company's focus is on providing production and post-production services in all areas of the entertainment industry, including video, audio and music for both U.S. and non-U.S. customers. This gives Orangebox a competitive edge over other companies since most companies only focus on a single segment of the entertainment industry.

About Cirilium Holdings, Inc.

Cirilium Holdings, Inc., a Delaware corporation, formerly conducted its operations through two subsidiaries, Cirilium, Inc., a Florida corporation, and Stitel Systems, Inc., an Arizona corporation.

This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

CONTACT: Cirilium Holdings, Inc.
Matthew Cohen
(561) 491-0935

http://www.investorshub.com/boards/read_msg.asp?message_id=8035773
quote:
ORGANIZATION http://www.mediamagicinc.com/financials.pdf
Magic currently conducts operations through its two wholly owned subsidiaries,
Orangebox Entertainment, Inc. (“Orangebox”) headquartered in Hollywood, CA. and
DigiKidz Inc. (“Digi”) headquartered in Jupiter, FL. Digi was founded in 2004 to be a
producer, developer, distributor and e-commerce retailer of a range of personalized and
other products for children and families including multilingual videos, DVDs, and music
CDs. Orangebox is an innovative company with the strategic intent on becoming the
“next generation provider” of production and post/production services, including visual,
audio, and music for U.S.-centric and increasingly non-U.S., customers in the
entertainment industry.
The Company has incurred net losses of $597,534 and $786,316 for the five month
period ended May 2005 and for the year ended December 31, 2004, respectively.


 
Posted by Trader88 on :
 
Yeah, it appears they know that nothing can ever become of MAMG, so the plan is to sell it all off and everyone will forget about it. I wonder if they'll at least pay me my .02 cents...
 
Posted by H2NRG on :
 
But, according to Steve (SSP), the Florida Examiner's Office isn't going to forget about it. Someone has to shut these guys down before they scam other investors.
 
Posted by BuyTex on :
 
I've got a little time today, will try to get back on Texas Blue Sky folks...
 
Posted by H2NRG on :
 
Thanks, Tex.

Note that Janice Shell is starting to write an article for Rolling Stone magazine which will highlight BCIT and GVRP... see http://www.investorshub.com/boards/read_msg.asp?message_id=8064087 and http://www.investorshub.com/boards/read_msg.asp?message_id=8064135
 
Posted by BuyTex on :
 
saw that... hope their "magazine agent" is telling the truth...RS ain't a easy market to crack. I had Cameron Crowe over to a party at my house once, when he busted through RS into the movies with "Ridgemont High"--but he got started early, as a "prodigy." Those days are waaaay past now, so I hope they don't have their hopes up past manageable levels...But that would be some nice coverage, for sure.
 
Posted by George on :
 
What is the latest? ANyone got a clue?
 
Posted by <WatchingGerald> on :
 
GERALD C. PARKER
DIRECTOR, OFFICER OR REGISTERED AGENT IN:

COMPANY STATUS YEAR
------------------------------------------ ----------------- ----
AMERICAN MANUFACTURERS VENTURES, LLC. ADMIN DISSOLUTION 2001
AWAY ACQUISITION CORPORATION ADMIN DISSOLUTION 2001
BEL AIR TRANSPORT SERVICES, INC. ADMIN DISSOLUTION 2003
BIG SKY STEAK HOUSE & SALOON, INC. ADMIN DISSOLUTION 1998
BYEBYENOW.COM VENTURES 1, LLC. ADMIN DISSOLUTION 2001
CAPITAL CREDIT SERVICES OF TAMPA, INC. ADMIN DISSOLUTION 1998
CAPITAL CREDIT SERVICES, INC. ADMIN DISSOLUTION 2000
CENTRAL FLA WIRELESS COMMUNICATIONS, INC. ADMIN DISSOLUTION 1997
CONTEMPORARY DESIGNS, INC. ADMIN DISSOLUTION 1991
CRABBY BILL'S MANAGEMENT CORP. ADMIN DISSOLUTION 2001
CRABBY BILL'S RESTAURANTS, INC. REVOKED 2001
CREDIT INFORMATION SYSTEMS, INC. VOLUNTARY DIS 1986
CREDIT PROPERTIES, INC. INVOLUNTARILY DIS 1989
DYNA-TEC MARKETING SYSTEMS, INC. ADMIN DISSOLUTION 1990
DYNA-TEC SUPPLY, INC. INVOLUNTARILY DIS 1989
FIRST CHANCE MARINE FINANCE, INC. ADMIN DISSOLUTION 2001
FIRST STANDARD VENTURES LTD. CO. REVOKED 2001
FLORIDA GULF REAL ESTATE SERVICES, INC. ADMIN DISSOLUTION 1996
GREYHOUSE SERVICES CORPORATION ADMIN DISSOLUTION 1997
IMA EMPLOYEES' STOCK, LLC. ADMIN DISSOLUTION 2001
IMA LEASING, INC. ADMIN DISSOLUTION 2000
IMA PROPERTIES, LLC. ADMIN DISSOLUTION 2001
IMA TRANSPORTATION, INC. ADMIN DISSOLUTION 2000
IMAGE TECHNOLOGY GROUP, INC. ADMIN DISSOLUTION 1992
INVESTMENT MANAGEMENT OF AMERICA, INC. REVOKED 2002
JHH MANAGEMENT CORP. ADMIN DISSOLUTION 1998
KING/PARKER INVESTMENT, INC. ADMIN DISSOLUTION 1993
KP LIQUIDATING, INC. VOLUNTARY DIS 1989
LANDMARK EQUITY GROUP, INC. ADMIN DISSOLUTION 1995
LC ENTERPRISES, INC. ADMIN DISSOLUTION 2000
LIQUIDGOLF VENTURE PARTNERS II, LLC. ADMIN DISSOLUTION 2001
NATIONAL LIQUID PRODUCTS, INC. ADMIN DISSOLUTION 1996
NC VENTURES, INC. ADMIN DISSOLUTION 1998
NEW IMAGE CONSTRUCTION GROUP, INC. ADMIN DISSOLUTION 1992
NOBIDDING INCORPORATED ACTIVE
PARKER RESTAURANTS, INC. ADMIN DISSOLUTION 1990
PREMIER ENTERTAINMENT, INC. ADMIN DISSOLUTION 1992
PUBLIC ACCESS TECHNOLOGIES VENTURES 1, LLC. ADMIN DISSOLUTION 2001
PUBLIC ACCESS TECHNOLOGY.COM, INC. ADMIN DISSOLUTION 2001
ROYAL PALM CAPITAL GROUP, INC. ACTIVE
ROYAL PALM CAPITAL GROUP, LLC. ACTIVE
SAFETY HARBOR CAPITAL GROUP, INC. ACTIVE
SAFETY HARBOR VENTURES GROUP, INC. ADMIN DISSOLUTION 2002
ST. JAMES CAPITAL, INC. ADMIN DISSOLUTION 2001
ST. JAMES CONSTRUCTION CO., INC. ADMIN DISSOLUTION 1997
ST. JAMES INVESTMENT GROUP, INC. ACTIVE
ST. JAMES PARTNERS, INC. ADMIN DISSOLUTION 1998
ST. JAMES TRANSPORTATION, INC. ADMIN DISSOLUTION 2002
TEL TEK COMMUNICATIONS, INC. ADMIN DISSOLUTION 1991
U.S. LIQUIDATORS INC. ADMIN DISSOLUTION 1992
 
Posted by dishgal1 on :
 
Wow, great DD..........seems Mr. Parker has been a very busy little man....LOL
 
Posted by George on :
 
For Sale...50 slightly beat-up MAMG shares.....Can be used for wall paper, toilet paper, or Worm bedding. Contact anyone of a number of us bag holders.....
 
Posted by H2NRG on :
 
"Worm bedding"... LOL.
 
Posted by Trader88 on :
 
That word "worm" just conjured up an image of a certain CEO that we all know and love.
 
Posted by H2NRG on :
 
On a related tangent, to quote John and John of "They Might Be Giants"...

My name is Dr. Worm
Good morning. How are you? I'm Dr. Worm
I'm interested in things
I'm not a real doctor
But I am a real worm
I am an actual worm
I live like a worm

I like to play the drums
I think I'm getting good
But I can handle criticism
I'll show you what I know
And you can tell me if you think I'm getting better on the drums
I'll leave the front un-locked 'cause I can't
Hear the doorbell

When I get into it I can't tell if you are
Watching me twirling the stick
When I give the signal, my friend
Rabbi Vole will pay the solo

Some day somebody else besides me will
Call me by my stage name, they will
Call me Dr Worm
Good Morning how are you, I'm Dr Worm
I'm interested in things
I'm not a real doctor
But I am a real worm
I am an actual worm
I live like a worm

I like to play the drums
I think I'm getting good
But I can handle criticism
I'll show you what I know
And you can tell me if you think I'm getting better on the drums
I'm not a real doctor
But they call me Dr. Worm

 
Posted by Trader88 on :
 
Look up worm in the dictionary, I wonder whos picture is there, lol.
 
Posted by R1Man on :
 
What happened to this....everyone got screwed or what? I just saw the trend and never read it before....WOW....crazy.
 
Posted by George on :
 
Not only the stock got screwed but so is this thread...it is dropping off page one too much...no new news I guess....Still holding waiting for the big pop...
 
Posted by Raptorsrule on :
 
quote:
Originally posted by George:
Not only the stock got screwed but so is this thread...it is dropping off page one too much...no new news I guess....Still holding waiting for the big pop...

LOL....what other choice do we have.... [Mad]
 
Posted by Trader88 on :
 
How can there be a big pop without a little pop first? Would be nice to see it trade at least. Anyone try to sell lately? Are we still blocked from trading a stock that is not suspended or revoked?
 
Posted by BuyTex on :
 
jail time is the only public justice, here...

otherwise? a really good reporter gets inside the family dysfunction
 
Posted by DENSKIJR on :
 
Just got a responce from AT about the rest of my shares I was trying to have them remove an unmarketable securty just to have the right off for this year for my taxes and this is what they sent me what do you guys think???

"Dear Valued Client:

We received your request to remove a position from your account as non-marketable. At this time, it appears that there may still be trading interest on the specified security. In this situation, the security does not meet the required criteria to be removed from the account as Non-marketable.

You have three possible options available:

1. You may try placing a trade to sell the security on the open market. If it appears that the cost of the commission would exceed the proceeds collected from the sale of the security, you are welcome to call us and ask a broker to place the trade for you so the commission may be adjusted accordingly.

2. You may continue to hold the security in your account.

3. You may request that we issue you a stock certificate for the shares if the transfer agent is still processing requests. A $40.00 fee is charged for each stock certificate requested. Delivery of certificates issued in the account owners name typically takes 2 to 6 weeks, depending on the current volume of the transfer agents involved.

If you have further concerns or inquiries, please e-mail us from our secure Web site's "E-mail Us" link. For security reasons, we do not answer account specific questions that originate from a source other than the secure Web site.

Sincerely,

Client Services
Division of Ameritrade, Inc. "

Interesting when I try to click on the MAMG in my portfolio it says that is not a valid Ticker symbol what a bunch of goof balls
 
Posted by BuyTex on :
 
good stuff--gotta think about the ramifications...

also, what *I'm* thinking is to take the full loss--I had $30,000 + showing, and I dammm sure took screen shots....

then, later, they showed at .0001 x 50 shares...

lol, how can any jury decide I did NOT lose?

It's really pretty obvious...$30K for weeks, down to zip...cuz I could NOT trade. Meanwhile, others made tens and even hundreds of thousands....
 
Posted by DENSKIJR on :
 
Just got another email back apparently you can not get romoval of a Non-Marketable Security.

Thank you for contacting us today concerning your account.

I show MAMG last traded on 8/2/2005. If you are unable to place a trade for the shares there are two options available to you:

1. You may continue to hold the security in your account.
2. You may request that we issue you a stock certificate for the shares if the transfer agent is still processing requests. A $40.00 fee is charged for each stock certificate requested. Delivery of certificates issued in the account owners name typically takes 2 to 6 weeks,
depending on the current volume of the transfer agents involved.

If you have further concerns or inquiries, please e-mail us from our secure Web site's "E-mail Us" link. For security reasons, we do not answer account specific questions that originate from a source other than the secure Web site.

Sincerely,

Debra A.
Reorganization and Safekeeping, Ameritrade
Division of Ameritrade, Inc.
 
Posted by <brmrich> on :
 
Have you tried to place an order? Ameritrade wont let you. It says please place a valid symbol.
 
Posted by DENSKIJR on :
 
I get the same I think what they want you to do is place it through a broker and then they will charge you whatever they get for it so if the last pps was .005 and you have 50 shares which equals .25 then AT will charge you .25 to do the transaction. Im just not sure its worth it

Just FWIW
 
Posted by BuyTex on :
 
lol...new development: Check your mailboxes.

Gotta letter today :
quote:
"Upon closing odf the exchange transaction in accordance with the agreement, Orangebox will become a wholly owned subsidiary of Cirilium Holdings and Media Magic will become will become Cirilium Holdings' cpntrolling shareholder, owning approximately 80% of its outstanding capital stock. There are certain restrictions . . . ."
We also have "appraisal rights," but if we exercise those rights, that is, if we "properly dissent to such we "will not be entitled to receive any distribution made thereafter by Media Magic to its shareholders."

From the "APPRAISAL RIGHTS: PAYMENT DEMAND FORM" page:

  1. The shareholder's name and address...
  2. The shareholder asserts appraisal rights with respect _____ shares of Media Magic, Inc. common stock.
  3. The shareholder did not vote for the transaction.
  4. The shareholder does ( ) does not ( ) {check one} accept the corporation's offer to purchase the shareholder's shares at a price of $0.005 per share (priror to the Orangebox-Cirilium Holdings transaction.)
  5. If the offer is not accepted, the shareholder estimates the fair value of the shares (prior to the Orangebox-Cirilium Holdings transaction) to be $________ per share, and demands payment at this value per share plus interest.


Boy o boy...

Figuring last trade before illegal r/s was at .0002, I guess I'll fill that blank in with $600 per share...

Deadlines are Dec 16, 2005 (for asserting appraisal rights) and Jan 5, 2006 for notice to withdraw under Florida law...

[ November 21, 2005, 18:15: Message edited by: BuyTex ]
 
Posted by DENSKIJR on :
 
lol...new development: Check your mailboxes.

Gotta letter today :
quote:
--------------------------------------------------------------------------------
"Upon closing odf the exchange transaction in accordance with the agreement, Orangebox will become a wholly owned subsidiary of Cirilium Holdings and Media Magic will become will become Cirilium Holdings' cpntrolling shareholder, owning approximately 80% of its outstanding capital stock. There are certain restrictions . . . ."
--------------------------------------------------------------------------------

We also have "appraisal rights," but if we exercise those rights, that is, if we "properly dissent to such we "will not be entitled to receive any distribution made thereafter by Media Magic to its shareholders."

From the "APPRAISAL RIGHTS: PAYMENT DEMAND FORM" page:


The shareholder's name and address...
The shareholder asserts appraisal rights with respect _____ shares of Media Magic, Inc. common stock.
The shareholder did not vote for the transaction.
The shareholder does ( ) does not ( ) {check one} accept the corporation's offer to purchase the shareholder's shares at a price of $0.005 per share (priror to the Orangebox-Cirilium Holdings transaction.)
If the offer is not accepted, the shareholder estimates the fair value of the shares (prior to the Orangebox-Cirilium Holdings transaction) to be $________ per share, and demands payment at this value per share plus interest.


Boy o boy...

Figuring last trade before illegal r/s was at .0002, I guess I'll fill that blank in with $600 per share...

Deadlines are Dec 16, 2005 (for asserting appraisal rights) and Jan 5, 2006 for notice to withdraw under Florida law...

[ November 21, 2005, 18:15: Message edited by: BuyTex ]

--------------------
Adventures in microcapitalism...

Wow thanks for that I havn't recieved anything in the mail box I tried calling AT but they were closed I'll try tommorrow.

I think $600.00 don't forget the "plus interest" Ha is very reasonable
 
Posted by BuyTex on :
 
lol, dens, it's a trick, i'm sure. Which you get, I'm sure...doh...
 
Posted by H2NRG on :
 
I posted the document here...
http://www.yourimagelink.com/pics/9808324382a65907b03.jpg

[ November 22, 2005, 00:33: Message edited by: Bob Frey ]
 
Posted by R1Man on :
 
quote:
Originally posted by Raptorsrule:
quote:
Originally posted by George:
Not only the stock got screwed but so is this thread...it is dropping off page one too much...no new news I guess....Still holding waiting for the big pop...

LOL....what other choice do we have.... [Mad]
Is the company even open? Did the name change? Are they considered private or public? I still don't understand why your brokers won't sell it. I had a stock fall off the earth and I had 40,000,000 shares than a r/s 25,000 then it fell off the planet. My ameritrade account still shows the positions. They were determined worthless.
 
Posted by H2NRG on :
 
Correction... I posted the document here...
http://www.investorshub.com/boards/read_msg.asp?message_id=8587120
 
Posted by George on :
 
So what does all this mean???

What a bunch of A holes...we need to spread the word good on this Robert Pearce to make sure he never is able to sell another share of any company...the balance sheet looks like hell anyway...what a worthless company...I guess the whole thing is a paperwork scam...
 
Posted by <rrttd> on :
 
i think 600.00 is a fair price
 
Posted by George on :
 
I think if you ask for anything higher than .005 then they just say they do not have the money to pay and you lose. They should file bankrupcy IMO.
 
Posted by Mr Bill on :
 
Yes but MAMGQ still has a short position percentage of 1,250,000 percent of the entire OS and a short position of 13,800,000 percent of the FLOAT. Actually, it is more likely 18,000,000 percent of the FLOAT.

If a requirement results that the short position be covered it will not matter whether the stock is "Q" or not. In an "Economics 101" world there is no question of whether a requirement should occur to cause such short covering, it would be a reality.

The shorts (insider, broker, MMs) can cover their short positions at .0001 or $300+ it does not matter to me. Just as long as the share structure is not allowed to change until the short position is covered. Require a forced buy in per Reg Sho requirements.

Now consider this:

What will happen when MAMG Shoirt Interest reporting becomes a requirement?

TIME WILL HAVE RAN OUT. How can a short position of 1,250,000 percent be explained in terms of the entire OS ?

Short Interest Reporting in Pink Sheets Securities Coming Soon!

New York, NY, November 7, 2005 -- On Thursday, November 4, 2005, the SEC published for comment a proposed rule change to amend NASD Rule 3360 to expand the short interest reporting requirements to over-the-counter (‘‘OTC’’) equity securities, including securities quoted on the Pink Sheets. The full text of the proposed rule change is available in the Federal Register or online at: http://www.smartpdf.com/register/2005/Nov/03/66875A.pdf.

In January 2005, Pink Sheets petitioned the SEC to cause the amendment of NASD Rule 3360 (http://sec.gov/rules/petitions/petn4-500.pdf). Under the current rule, NASD members are only required to maintain such records and make reports regarding securities included in listed on Nasdaq or on a national securities exchange. This excludes OTC equity securities, thereby denying investors and the markets for these instruments the protections of transparency and regulatory oversight provided by Rule 3360.

NASD will announce the effective date of the proposed rule change in a Notice to Members to be published no later than 60 days following Commission approval. In recognition of the technological and systems changes the proposed rule change may require, the effective date will be 90 days following publication of the Notice to Members announcing Commission approval.

http://www.pinksheets.com/about/pr_110705.jsp
 
Posted by Raptorsrule on :
 
Bill....I like you...still holding long and strong.....LOL!

seriously...you bring excellent commentary to the table.....like the math....

perhaps we will prevail in 06......
 
Posted by BuyTex on :
 
seriously, they're simply pulling another gambit. We need *expert * opinions here--if nothing else, we need to throw monkey wrenches into the works to slow down their steamrolling of the rules and regs....

For real, what would be "fair" to me? Everybody who made good bank on this could step up and pitch in for a killa equities attorney to render an opinion for those who could never trade.

imho, the big-cleanup guy from i-hub should step up, first... 1/2 mil? c'mon, dude, throw 50k in the pot...

H2 knows who I'm referring to...

The lawyers that know how this chit works ain't gonna *do nothin* without some dough up front, plain and simple...

and--wowza--we really *should* "f" with these guys as much as we intelligently can--what a buncha crooks, relying on the SEC to "f" us, cuz we played a pink...ya, there's some justice

[ November 23, 2005, 22:41: Message edited by: BuyTex ]
 
Posted by George on :
 
So what is the latest? DO we sign the paperwork or just sit back and wait?
 
Posted by BuyTex on :
 
i dunno, yet--am waiting on an e-mail. Will post ASAP///
 
Posted by Mr Bill on :
 
I have yet to receive any paperwork. Who is your broker? What brokers have distributed paperwork? I have instructed my broker via an email they are NOT to sell my MAMG stock unless I place an order for them to do so. I made sure to copy the SEC and NASD on the email. I also inquired to regulators as to why no criminal charges had been brought yet. I also inquired how it was acceptable for a broker to RS someones stock when they were aware or should be aware that a violation of rule 10b-17 was in progress. I inquired as to how my broker was protecting me and acting in my best interest if they had a reasonable reason to believe SEC regulations/security laws were being violated if said broker moved ahead anyway and stated "not my problem, it is the companies liability not mine".
 
Posted by BuyTex on :
 
good post, Mr Bill.

I got my letter first, apparently--judging from reactions here and at i-hub. Did *not* get it via Scottrade, although Scottie being Scottie ("letter of the law" blah blah), Scottie may have "complied" with any requests for names/adresses before other brokers...
 
Posted by Mr Bill on :
 
Didn't ScottTrade try to send many people paper certificates as well? They seem to be trying real hard to distance them from GVRP/MAMG stock liabilities IMO. Seems pretty clear why, huge risk if the short position had to be covered. From a FAIR economics point of view that is the only TRUE resolution.
 
Posted by H2NRG on :
 
Investigation is still ongoing. Give Mike Banyas a call--he should find out how many of us are still awaiting a fair resolution to this matter-- 561-837-5054. See my post http://www.investorshub.com/boards/read_msg.asp?message_id=8784006
 
Posted by BuyTex on :
 
yup, saw that post, H2...well done.

Will call tomorrow, thanks
 
Posted by H2NRG on :
 
Did you call Mr. Banyas, Tex? Susie on IHUB did today and reported on the Gluv board.
 
Posted by BuyTex on :
 
No, dammit...got caught up in the shop with to chance fill backlogs cuz of the icy roads...

BUT I will do my duty manana...also, will check Suxe's post--thanks for the update
 
Posted by keithsan on :
 
quote:
Originally posted by BuyTex:
No, dammit...got caught up in the shop with to chance fill backlogs cuz of the icy roads...

BUT I will do my duty manana...also, will check Suxe's post--thanks for the update

Hey, I thought this was a loser pick....
 
Posted by BuyTex on :
 
Suze's post, interesting...:

quote:
Posted by: Susie924
In reply to: Art2Gecko who wrote msg# 3483

Date:12/8/2005 1:30:38 PM
Post #of 3519

I just got off the phone with Mike Banyas. Seems like a really nice guy. I apologized for bothering him because he is probably getting a lot of calls.
Let me preface this post with the fact that I was scribbling notes as he spoke in my own little shorthand and deciphering it is always a challenge.
In other words, don't hold me to anything and I may not be using his EXACT words.
He said the investigation is open and active and when I asked him what exactly they were investigating, he said that the investigation was to see if the company was or was not in violation of any Florida laws.
He said it was a complicated issue regarding the exchange of shares (?) my notes are a little fuzzy there
It is his job to gather documents and information (from interviews) from multiple parties which will help determine if any Florida laws were violated. From his desk, the information goes up the ladder to an Administration? Administrative? Hearing if need be.
I asked if this could take a long time and he said he has had cases that are done quickly and others that take a long time. I got the feeling that he thought this would be one of the ones that would take a long time.
He really couldn't tell me more than that because just like the SEC, they can't comment on specifics in an ongoing investigation.

I would add that, to me, this is the *only* encouraging signal in a long while.

I agree with H2: call Banyas and politely explain your take on this specific reip-off and concerns for the health of the market. Personally? I will urge him to align with the market reformers, who so desperately want to to prove we can believe in our government...
 
Posted by BuyTex on :
 
quote:
Originally posted by keithsan:
quote:
Originally posted by BuyTex:
No, dammit...got caught up in the shop with to chance fill backlogs cuz of the icy roads...

BUT I will do my duty manana...also, will check Suxe's post--thanks for the update

Hey, I thought this was a loser pick....
who called this a loser pick? I *still* think it was a great pick...reminds me of the time I was in a 5-way deal with 4 pat hands...I lost to the guy with 4 kings on the first four cards--yet, I had a full boat with a card to come. Just like that play, I'd do the same thing today with this one. The trick here was to have Ameritrade and sell...BOOM...the first hour or so of trading.

Nothing wrong with the play--what's wrong is the reg agencies...

Which is why I'm about to dial Banyas' number...right n-o-w...lol

[pause]

DANG! he's at lunch...already noon in Florida; will call back in an hour or so.
 
Posted by H2NRG on :
 
Tex... Art had asked if someone would ask Mr. Banyas for a contact email address... any chance you could add that request to your conversation? TIA.
 
Posted by BuyTex on :
 
ya, had that on my list...about to try again...
 
Posted by H2NRG on :
 
Also probably worth mentioning the Japan story just out today about the messed-up entry...
http://www.investorshub.com/boards/read_msg.asp?message_id=8813275
quote:
Botched Stock Trade Costs Japan Firm $225M
12/09/2005

Associated Press/AP Online

TOKYO - Japan's government rebuked the Tokyo Stock Exchange and one of the country's biggest brokerage firms Friday after a typing error caused Mizuho Securities Co. to lose at least 27 billion yen ($225 million) on a stock trade.

The error roiled the Japanese market, while jitters over the reliability of the exchange's trading system contributing to a 1.95 percent drop in the benchmark Nikkei 225 index Thursday.

The Nikkei rebounded 1.45 percent Friday to finish at 15,404.05, but the mishap triggered concern among some traders just a month after an embarrassing glitch at the Tokyo exchange shut down the market for almost an entire day.

The trouble began Thursday morning, when Mizuho Securities tried to sell 610,000 shares at 1 yen (less than a penny) apiece of a job recruiting firm called J-Com Co., which was having its public debut on the exchange.

It had actually intended to sell 1 share at 610,000 yen ($5,041).

Worse still, the number of shares in Mizuho's order was 41 times the number of J-Com's outstanding shares, but the Tokyo Stock Exchange processed the order anyway.

Mizuho says it tried to cancel the order three times, but the exchange said it doesn't cancel transactions even if they are executed on erroneous orders.

By the end of the day, Mizuho Securities - a division of the nation's second-largest bank, Mizuho Financial Group, Inc., had lost at least 27 billion yen ($225 million). That total could rise, however, Mizuho Securities spokesman Hideki Sakuma said Friday, adding that the mishap was sparked by human error.

Japan's Financial Services Agency, the country's financial watchdog, began an immediate probe into what went wrong and how to prevent a repeat.

"In order to maintain the credibility of the Tokyo Stock Exchange, I very strongly want this issue to be resolved quickly," Economy and Banking Minister Kaoru Yosano told reporters Friday. "The first thing for the Financial Services Agency to do is to determine what happened in detail. Based on that, we will decide what is needed based on the rules and regulations."

"We need to think more about putting safety measures in place to prevent confusion," Prime Minister Junichiro Koizumi told reporters Friday.

Chief Cabinet Secretary Shinzo Abe said the Finance Ministry was working with Mizuho and the Tokyo Stock Exchange to formulate countermeasures for the future.

J-Com's shares debuted at 672,000 yen ($5,600) on the Tokyo exchange's Mothers market and plunged to 572,000 yen ($4,767). But a big buy bid placed after Mizuho Securities' sell order helped lift J-Com to 772,000 yen ($6,433) at the close.

According to a Ministry of Finance filing, Morgan Stanley ended the session with a 31.2 percent stake in J-Com.

The Tokyo Stock Exchange suspended trading of J-Com on Friday, but declined to specify how it will sort out a mess created by the botched order. But news reports have suggested the exchange may cancel the order through penalty payments, borne by Mizuho.

Many of the sell orders have yet to be carried out, meaning further trading could "cause instability in the market," the exchange's managing director, Tomio Amano, said at a news conference.

The botched trade comes at a sensitive time for the Tokyo exchange, which has surged on record volume, spurred by buying from foreign investors.

For Mizuho Securities, the news is even worse.

Mizuho Financial Group said it would fully back its security arm's losses from erroneous trades of J-Com. But the red ink could wipe out Mizuho Securities' profit of 28 billion yen ($233 million) for the fiscal year that ended in March 2005.


 
Posted by BuyTex on :
 
sorry, H2--tried once more and was busy then hadda take my son to the credit union...will try again Monday, though...
 
Posted by BuyTex on :
 
OK, got my answer!

Here's what I'm gonna do:

1) NOT sign the paperwork

2) but SEND IN a reply that CLEAARRLY is in response to *their* paperwork, perhaps with copies, their originals, blah, blah, check with your attorney

3) REMIND them that because their stock last traded at .0002, they now owe! (no, listen--OWE ME) .0002 at a 3m x 1 r/s = $600 pps

4) Because of their repeated violations of the trading rules and tax code, I consider this latest communication (the "Cirilium letter") yet ANOTHER attempt at violating the law...

5) therefore I pray for and demand relief, and time is of the essence.

Tex
 
Posted by Mr Bill on :
 
Tex, where did you "get this answer" from? TIA
 
Posted by BuyTex on :
 
quote:
Originally posted by Mr Bill:
Tex, where did you "get this answer" from? TIA

an attorney that I trust, but unfortunately not an attorney I can name. i regret that--being unable to provide a source that you or *anyone* can follow-up with...

Yet, I'm also comfortable in this sense: This *is* the Internet; I'm going on guts; in the past, I was one of the most thorough reporters at the "The Dallas Morning News" in my day; hence, you see my puzzle--I *could" reveal my source, but then, what credibility would I have with you if you needed to remain anonymous?

Bottom line? I'm fading the heat on this one...

Tell the phuckers what you think the value is, copy the Blue Sky dept in your state, and also inform *everybody* that whole dammmmnnn thang is illegal...

And [Big Grin] send it in on time... Dec 15/16, I believe...

only a couple a days left
 
Posted by H2NRG on :
 
They requested certs, also. Are you sending in your certs, Tex? I don't have certs, as they are being held in IRA.
 
Posted by Mr Bill on :
 
Yes, and they announced "you need to use certs" at a point in time 99.9% of brokers would be unable to attain them for you even if they delivered them in record time. Makes one think that those specifically at Scotties are being targetted. Also, still have not gotten my letter (broker is AT). Kind of late in the game for the company to be notifying people and still complying with the law IMO.
 
Posted by George on :
 
quote:
Originally posted by Mr Bill:
Didn't ScottTrade try to send many people paper certificates as well? They seem to be trying real hard to distance them from GVRP/MAMG stock liabilities IMO. Seems pretty clear why, huge risk if the short position had to be covered. From a FAIR economics point of view that is the only TRUE resolution.

I got paper certs from Scottrade and the letter was from MediaMAgic
 
Posted by Trader88 on :
 
Dec 16th cutoff date is almost here. I think there is a great possibility of trading resuming after that date. The price? Who knows. But with such a huge short position still existing on the stock, we might all be glad that we still own it.
 
Posted by cruz on :
 
this is for ScottTrade people right? i am with Ameritrade and I haven't gotten any notices or certs from them. im sittin on my r/s shares right now.
 
Posted by BuyTex on :
 
quote:
Originally posted by H2NRG:
They requested certs, also. Are you sending in your certs, Tex? I don't have certs, as they are being held in IRA.

I don't know where i would I send them...to MAMG/CRLU, you mean? If so, no...I'm just gonna return a photocopy of their letter and let them know I consider this more illegality...
 
Posted by Trader88 on :
 
Yes, I believe only ScottTrade people. I have received no letter. I have a theory that letter may be just a ploy to get some cheap shares before we start trading again.

I could be wrong, but something's going on. Stock can't be inactive forever. I'm sure someone other than us wants it to trade again too.
 
Posted by BuyTex on :
 
After thinking it over some more, I decided not to dignify "the letter" with a response. One, it's just more illegal BS; two, it wasn't a registered/certified letter, so they have no way of tracking who received it...
 
Posted by Trader88 on :
 
Well, yeah, if it was just sent regular mail they have no proof that you received it. Even if you did receive it it's bogus anyway, just a worthless piece of paper (hey, that sounds familiar, kind of like our shares, lol.)
 
Posted by BuyTex on :
 
what i will do? send to a copy to Mike Banyas and my Blue Sky guy in the state office...simply more evidence.
 
Posted by JHenry on :
 
I'm going to send my Paper Certs I got from Scottrade to my Vanguard Brokerage account. Vanguard said they would take them and add them into my account at no charge. I have been working my money out of Scottrade. I have seen how Scottrade works and they do absolutely nothing to help out their clients, their just looking out for themselves.
(I have done nothing with the Letter I received from Media Magic and I don't plan on doing anything with it)
 
Posted by George on :
 
I have my certs locked up in my safe...they go nowhere for less than $600 each......
 
Posted by George on :
 
Anyone hear anything lately? Is this a $50 write off for 2005 or what?
 
Posted by Mr Bill on :
 
Hi George, I believe MAMG would like some that have certs to participate and write off their losses. To do so is just plain STUPID IMO. Huge upward potential exists so why sell for a 100% loss, particularly when significant concerns about the legality of what has been done persist. TO SELL IS TO LET MAMG GET AWAY WITH THIS
 
Posted by Mr Bill on :
 
In a letter AT sent me they claim that a company or TA can direct them to do just about anything (whether legal or not) and they can proceed to do so (whether legal or not) because the company or TA told them to do so.

The letter suggests that the company (MAMG) or it's TA could instruct brokers to liquidate/exchange/redemption/no redemption of MAMG stock and then AT could just "act in accordance".

The letter also implies regulators have no say so- the company or TA can act independantly of regulators and that alone is adequate for a broker to take such action.

Specifically....

If shares are deemed null and void by the company, transfer agent, regulators, or the courts Ameritrade would remove the position from your account. This removal could include liquidation, exchange, redemption, or no redemption at all.

So....

They seem to be saying a company can sell shares and then just say "just kidding" we really didnt sell you those shares they are null and void.
 
Posted by Mr Bill on :
 
Here is the letter I received. I am thinking of contacting FLA and SEC/NASD authorities and asking them when their authority to interpret and enforce rules was passed along to transfer agents and companies?

December 15th, 2005 <b>(FYI> I sent my email on 11/22. MAMG BS date of 12/16, huhhh, curious timing there IMO)</b>

Ameritrade account ending in dddd; Media Magic, Inc

Dear Mr <Squat>:

Thank you for your most recent correspondence received November 22nd, 2005, regarding your account held with Ameritrade., Division of Ameritrade, Inc. #1 I have reviewed your email and welcome this opportunity to respond.

You inquired about the 1,001 shares of Media Magic, Inc (MAMG) you hold in your account and advised Ameritrade that we are not to sell any shares of your MAMG stock unless you place an order or send you stock certificates for your MAMG shares without your request. As of the date of this letter, the Depository Trust Company #2 (DTC) cannot issue stock certificates for MAMG. Additionally, no market centers are accepting orders for MAMG. Positions held in your account remain there for holding or negotiating at the discretion of the account holder(s). However, if shares are deemed null and void by the company, transfer agent, regulators, or the courts Ameritrade would remove the position from your account. This removal could include liquidation, exchange, redemption, or no redemption at all. Although we do not have any bearing on whether this determination would ever be made, we will act in accordance with the direction of the above parties if the position is no longer valid.

Mr. <Squat>, I again apologize for any frustration you may have experienced in this matter. However, Ameritrade has no role in determining if stock certificates can be issued for MAMG or whether or not a market center will accept MAMG orders. Should you have additional questions regarding your account please contact an Ameritrade Apex representative toll-free at 888-871-9007 or via the "Contact Us" link on the Ameritrade Web site. Apex representatives are available to assist your 24 hours a day, 7 days a week, excluding market holidays.

___________________________
#1- Ameritrade, Inc. Member NASD/SIPC
#2- DTC is a national clearinghouse for the settlement of trades in corporate and municipal securities. DTC is owned members of the financial industry, is a limited purpose trust company under New York Banking Law, is a member of the Federal Reserve System and is a registered clearing agency with the Securities and Exchange Commission.


I personally thank you for your business and for the opportunity to be of service in this matter. On behalf of Ameritrade, we look forward to serving your investment needs in the future.

Sincerely,
<xxxxxxx x. xxxxxxx>

Client and Regulatory Relations Analyst
Corporate Compliance
 
Posted by Trader88 on :
 
That is absolutely incredible. Obviously that broker is in this very very deep.

I wish there were someone here with some high media connections that could get this thing put on Primetime Live or Dateline. This crap needs to be exposed. That one stock reporter we had is not enough, we need something bigger.
 
Posted by George on :
 
Screw this stock...I may stop investing and start worthless startup companies with tons of worthless stocks...then I am going to r/s them into 11 shares then announce a f/s split, sell into the news before the split, then halt trading, then merge with another worthless shell I create and then I will null and void all the A/S of the first company after I have given all the assets to the new shell...I can not wait for 2006 so I can get started in the New Year...have a good one folks and if you ever see that I am a CEO be fore warned..... [Smile]
 
Posted by Trader88 on :
 
LMAO, I dont think I need to worry about it, I've already stopped investing. The only thing left in my account is 167 MAMG, value .43
 
Posted by George on :
 
Time to raise the DEAD.....
 
Posted by BuyTex on :
 
ahhh, dude--thought you had some news...
 
Posted by H2NRG on :
 
My MAMG shares just transferred from Scottie...
to my Investrade account today... CUSIP 58440Y101

Note that the share amount is post-illegal-R/S.

These shares had been transferred out of Scottie to Investrade back in mid-December, then 10 days later, reverted to Scottie as a "FAIL REVERSAL", and had been sitting at Scottie ever since.

So, why the activity today???
 
Posted by H2NRG on :
 
Art has come up with a nice chronology of early GVRP events from the TGL forum... read them in the Information Box (I-Box) of this board... http://www.investorshub.com/boards/board.asp?board_id=3925 . This chronology starts after "GVRP – the saga begins."
 
Posted by BuyTex on :
 
Ya know...I think I'll send a copy of my cert to the SEC c/o Commissioner Cox, along with a screen shot of the ticker/name change, to Commissioner Cox perhaps cc'd to some appropriate papers... certified mail? hmmm anyway, my position would be sumpin like: I am an investor; you are sworn to protect me--please explain how I got these 50 shares. I see that a ticker/name change was authorized, but no reverse split. I'd like to have my 150,000,000 shares along with your assurance that they will soon be freely trading in the marketplace.
 
Posted by Purl Gurl on :
 
Cox sucks!

Remember Christopher Cox has a criminal history
and is Bush's main boy. Highly doubtful you will
make headway with Cox; he supports financial crime.

If the GLUV fits...

My MAMG is up to .000 per share! Go GLUV!

Purl Gurl
 
Posted by H2NRG on :
 
http://www.investorshub.com/boards/read_msg.asp?message_id=12121024

quote:
Posted by: Mr. Bill
In reply to: H2NRG who wrote msg# 91200
Date:7/19/2006 3:37:26 PM
Post #of 91219

Exactly. Once the big names said they didnt have time to spend on GVRP it all fell apart.

IMO what is really needed is an organized effort with a schedule and a commitment from those involved to stick to the schedule, post when they call, and what they are told.

Get 5 people contacting the SEC daily.
Get 5 people contacting the NASD daily.
Get 5 people contacting FLA daily.

Cycle on a daily basis from SEC -> NASD -> FLA.

Now we got a BUG THE CRAP OUT OF YOU until you do something game going.

Tear regulators a NEW AHole until they act.

At least I am laying out a gameplan instead of saying:

a) I dont have time for GVRP anymore
b) Call the FLA guy LOL
c) Write someone who does not care.

REGULATORS DO NOT CARE BECAUSE THEY PERCEIVE WE DO NOT CARE.
WHEN WE GET OFF OF OUR ASSES AND DO SOMETHING PERHAPS SOMETHING WILL CHANGE!


So who is in? we need 15 committed people who will continue to bug regulators and post their results.


 
Posted by H2NRG on :
 
Mr. Bill is serious--it's time to make some noise with regulators. GVRP shareholders... let's get this back on the regulators' radar screens. What we're seeing with PAIV now should have been seen with GVRP! Don't let this get swept under the rug!

http://www.investorshub.com/boards/read_msg.asp?message_id=12128217
quote:
Posted by: Mr. Bill
In reply to: None
Date:7/19/2006 10:48:04 PM
Post #of 3957

GVRP: *** Signup list to NAG SEC/NASD/Florida ***

Please add you name and post an alias and an hour you wish to contact regulators.

PS. I am driving from Florida to Texas tomorrow starting at 11AM so will be unavailable for the rest of the business week.



 
Posted by will on :
 
An old friend (keithsan), emailed this to me, looks like a screwing :

http://www.sec.gov/litigation/complaints/2006/comp19795.pdf
 
Posted by glassman on :
 
here is the GVRP thread...

the FWD split was 3 million to one..
 
Posted by glassman on :
 
here ya go repo...
 


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