-------------------- 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. Posts: 502 | Registered: May 2005
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posted
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.
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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posted
thanx for the stars whoever gave them to me dont know if I deserve all those
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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posted
"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?
Posts: 529 | From: Tx | Registered: Sep 2004
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posted
Looks like I am welcomed with open arms! 5 stars already, wow. How about this five: .0005 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. Posts: 502 | Registered: May 2005
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posted
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.
Posts: 529 | From: Tx | Registered: Sep 2004
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posted
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!
-------------------- 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. Posts: 502 | Registered: May 2005
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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...
posted
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".
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
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...
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...
-------------------- 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. Posts: 502 | Registered: May 2005
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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
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
[/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.
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
What if I just shorted a stock and issued a press release telling people not to buy it. I'd be thrown in jail.
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
-------------------------------------------------------------------------------- What if I just shorted a stock and issued a press release telling people not to buy it. I'd be thrown in jail.
That is hilarious....I am tired and everything is funny right now. Trader you are funny, but that is so true.
Posts: 529 | From: Tx | Registered: Sep 2004
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posted
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.
Posts: 510 | From: Dallas, TX | Registered: Apr 2005
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posted
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.
Posts: 529 | From: Tx | Registered: Sep 2004
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posted
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
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
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.
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
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.
Posts: 529 | From: Tx | Registered: Sep 2004
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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
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.
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
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.
-------------------- 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. Posts: 502 | Registered: May 2005
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posted
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.
-------------------- Raptor----Don't confuse bad luck with bad judgement Posts: 1813 | From: Ft. Worth Texas | Registered: Aug 2004
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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
-------------------- 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. Posts: 502 | Registered: May 2005
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That is hilarious....I am tired and everything is funny right now. Trader you are funny, but that is so true.
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