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?"
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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
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.
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posted
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.
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posted
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.
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posted
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.
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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.
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posted
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.
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posted
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.
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posted
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.
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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.
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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...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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.
-------------------- 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 see another hugely confusing situation happening if this trades on Monday. This time I'll take advantage of it and sell everything in sight.
-------------------- 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
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?
-------------------- 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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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.
posted
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?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
month in greece 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.
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posted
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!!
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posted
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."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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.
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