posted
Well, anything less than $300 per share opening is unacceptable.
-------------------- 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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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.
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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.
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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.
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posted
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???????
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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!
-------------------- 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
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.
-------------------- 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
IHUB people will be on top of L2, check on the GVRP or MAMG boards. Lots of those guys have pink sheet L2
-------------------- 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
Tell them that if they r/s, the correct price is $300.
-------------------- 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: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...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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.
-------------------- 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 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.
-------------------- If all goes well then great, if not, make it work.
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posted
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.
-------------------- 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 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."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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.
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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.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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.
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posted
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!
-------------------- 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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