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.....
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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
I bought a totally different stock with gvrp proceeds.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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[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.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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.
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-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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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.
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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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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quote:Originally posted by 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.
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posted
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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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quote:Originally posted by 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.
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posted
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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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quote:Originally posted by 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.
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posted
My withdrawal of GVRP funds has been approved!! YEEEEEEEEEE HAAAAAAAAAAAW!
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
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
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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???
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
Ameritrade is allowing sell orders, I placed one this afternoon. No bites, though (yet)
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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quote:Originally posted by 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....
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
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?
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posted
Dishgal, just my own opinion, but I think everyone here will be quite content a week from now.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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posted
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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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quote:Originally posted by 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
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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
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.
-------------------- My posts are my opinion only, and should not be construed as a recommendation to buy, sell, or hold any security. Do your own due dilligence.
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