posted
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?????????????????????
-------------------- 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
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
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.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
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....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
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.
-------------------- 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 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.
-------------------- 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 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 ]
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
60 Minutes might like this story, just hope we don't get on the Andy Rooney segment, lol.
-------------------- 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
Mr. Bill is absolutely right: The o/s is now back to 11! Short still 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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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$$.
-------------------- Raptor----Don't confuse bad luck with bad judgement
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posted
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
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.
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.
posted
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.
-------------------- If all goes well then great, if not, make it work.
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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.....
-------------------- 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
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
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:
-------------------- Raptor----Don't confuse bad luck with bad judgement
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posted
MM's not accepting orders probably because what the company did is not legal and they know it.
-------------------- 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
yeah, they're holding. About 40,000 short. No wonder this POS isn't trading 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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posted
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?"
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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* 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
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.
-------------------- 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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