posted
Come on Rufus ….let’s see the 10-K !!!!!!!!!! ………….. Pretty Please……..Granted, I like to play poker myself….but…..now let’s see the “call” and was is in the hand by way of the g’d ole SEC filing!!!
-------------------- "No nation was ever ruined by trade." Benjamin Franklin
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Please allow seven to ten business days from the time we receive your request for the shares to be removed from your account and sent to the transfer agent. The transfer agent will then issue the certificate to you directly. The normal timeframe for the entire process is four to six weeks from the submission of your request. E*TRADE Securities charges a fee of $40 for each certificate requested to help cover processing costs.
Please don't tell me that it's $40 a piece??? They mean per "order" correct? 4-6 weeks is a hell of a long time to be in no-mans-land. Not so sure this is a good idea for me.
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posted
Yes you will get 1 piece of paper that shows the number of shares you own stated on that one sheet of paper...all for 40 bucks!!!
quote:Originally posted by Vin: ...note from Etrade on certs...
Please allow seven to ten business days from the time we receive your request for the shares to be removed from your account and sent to the transfer agent. The transfer agent will then issue the certificate to you directly. The normal timeframe for the entire process is four to six weeks from the submission of your request. E*TRADE Securities charges a fee of $40 for each certificate requested to help cover processing costs.
Please don't tell me that it's $40 a piece??? They mean per "order" correct? 4-6 weeks is a hell of a long time to be in no-mans-land. Not so sure this is a good idea for me.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
[QUOTE]Originally posted by 10of13: [QB] Yes you will get 1 piece of paper that shows the number of shares you own stated on that one sheet of paper...all for 40 bucks!!!
quote:Originally posted by Vin: [QUOTE]Originally posted by 10of13: [QB] Yes you will get 1 piece of paper that shows the number of shares you own stated on that one sheet of paper...all for 40 bucks!!! <----didn't do that right, did I???
quote:Originally posted by wallymac: OK. I have a question. Does anybody know if a certificate exchange would be required if a stock moves from one exchange to another? I mean if a stock was to move from the pinks to OTCBB or from OTCBB to NASDAQ would certificate need to be exchanged?
If they do, HMM. I guess shorts would be required to cover.
GLTA Wally
Sorry Wally i was a bit busy earlier so i did not get to answer this... but the answer is simple.
On NASDAQ short rules are much different. The books have to balance. If we go to NASDAQ "ALL" shorts must cover in 48 hours. If by miriacle or magic Rufas pulls this off. We will be witness to the squeeze play of the century. Each and every one of our shares will be etched in the rarest of minerals, outlined in diamonds. The investor that sells to them cheap will be making a huge mistake.
quote:Originally posted by wallymac: OK. I have a question. Does anybody know if a certificate exchange would be required if a stock moves from one exchange to another? I mean if a stock was to move from the pinks to OTCBB or from OTCBB to NASDAQ would certificate need to be exchanged?
If they do, HMM. I guess shorts would be required to cover.
GLTA Wally
Sorry Wally i was a bit busy earlier so i did not get to answer this... but the answer is simple.
On NASDAQ short rules are much different. The books have to balance. If we go to NASDAQ "ALL" shorts must cover in 48 hours. If by miriacle or magic Rufas pulls this off. We will be witness to the squeeze play of the century. Each and every one of our shares will be etched in the rarest of minerals, outlined in diamonds. The investor that sells to them cheap will be making a huge mistake.
But Tax, does that not hinge on the fact that the shares we believe we hold are "real". Considering the numbers I've heard floating about refering to the number of FTD's pertaining to this stock, is it not safe to say that a good number of our shares are nothing but air?
For the record I'm not an experienced trader, I'm asking this question out of a sincere desire to learn.
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posted
Hmmm back to the cert stuff...It seems a bit contradicting.
Say we don't pull certs and CSHD goes to the NASD on Monday. The shorters have 48 hours to cover according to Taxback. If certs are actually needed to get your $$$, then it would seem like the shorts wouldn't need to cover. They would just let those without certs get screwed.
This would not cause a squeeze if this is the case, but everyone still seems to believe there will be a big squeeze with the shorts covering. If the shorts cover, then all of the shares will be real shares and the certs won't seem to matter.
The only thing I can see here is that those with certs won't be able to sale...thus maybe a much higher priced squeeze.
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quote:Originally posted by maumee river rat: Any thoughts as to when this miracle will happen tax????
Is there sumpthin posted earlier that indicates that this will happen soon???
I have been away from the board for a few hours....
thanks..
Well Rat other that the usual speculation I would say the only concrete evidence we have was a PR recently where Rufas stated that they had approached an MM for the listing.
I am calling it miracle/magic because I am being very cautious as to Rufas's ability to list this company on the NASDAQ exchange that quickly.
Now with that being said I thought a while ago I heard that TWA was an example of a large company that listed through 386 reverse merger into a shell company. If that is true it might be worth it to go and see if we can dig up any info that might point to how long it took TWA to list following the reset. I would think the procedure would be a fair amount easier than the complex IPO. It may be as simple as a reset over $5 and completeing the filings. Why, because if you don't live up to the standards and requirements NASDAQ always has the ability to delist you and send you back to the OTCBB. Do they not?
quote:Originally posted by imapoorcollegestudent: Did anyone say Dividends!!!!!!!!!!!!! Just came across this from the peeps at Paltalk!!! http://www.profitspi.com/stock-quote/cshd.aspx Bu bye Shorties!!!
What's that about..Dividend date 10/13/2006???
Hmmm LOOKS CORRECT! I changed the symbol from CSHD to GWGO to verify and it showed the GWGO dividend that happenned last week. 9/30/06. That did happen last week so I'm thinking KaChing on the 13th!
posted
Shorts have to cover no matter what.. Theres no way the banks going to go "oh here, we have the shares in the pool and we're over allocated, we'll just give them to you."
Its not going to be a "free for all" with the stock and ownership.
quote:Originally posted by milliam: Hmmm back to the cert stuff...It seems a bit contradicting.
Say we don't pull certs and CSHD goes to the NASD on Monday. The shorters have 48 hours to cover according to Taxback. If certs are actually needed to get your $$$, then it would seem like the shorts wouldn't need to cover. They would just let those without certs get screwed.
This would not cause a squeeze if this is the case, but everyone still seems to believe there will be a big squeeze with the shorts covering. If the shorts cover, then all of the shares will be real shares and the certs won't seem to matter.
The only thing I can see here is that those with certs won't be able to sale...thus maybe a much higher priced squeeze.
quote:Originally posted by imapoorcollegestudent: Did anyone say Dividends!!!!!!!!!!!!! Just came across this from the peeps at Paltalk!!! http://www.profitspi.com/stock-quote/cshd.aspx Bu bye Shorties!!!
what are they saying ima???
-------------------- Success is having the time and money to enjoy all of life's wonders...
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quote:Originally posted by imapoorcollegestudent: Did anyone say Dividends!!!!!!!!!!!!! Just came across this from the peeps at Paltalk!!! http://www.profitspi.com/stock-quote/cshd.aspx Bu bye Shorties!!!
Friday the 13th might be a bad day for shortie Wonder what the Divi might be and how it will be paid out??
-------------------- learnin as I go.
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quote:Originally posted by wallymac: OK. I have a question. Does anybody know if a certificate exchange would be required if a stock moves from one exchange to another? I mean if a stock was to move from the pinks to OTCBB or from OTCBB to NASDAQ would certificate need to be exchanged?
If they do, HMM. I guess shorts would be required to cover.
GLTA Wally
Sorry Wally i was a bit busy earlier so i did not get to answer this... but the answer is simple.
On NASDAQ short rules are much different. The books have to balance. If we go to NASDAQ "ALL" shorts must cover in 48 hours. If by miriacle or magic Rufas pulls this off. We will be witness to the squeeze play of the century. Each and every one of our shares will be etched in the rarest of minerals, outlined in diamonds. The investor that sells to them cheap will be making a huge mistake.
But Tax, does that not hinge on the fact that the shares we believe we hold are "real". Considering the numbers I've heard floating about refering to the number of FTD's pertaining to this stock, is it not safe to say that a good number of our shares are nothing but air?
For the record I'm not an experienced trader, I'm asking this question out of a sincere desire to learn.
I believe it will be easier to sort out the real from the unreal than we all think. I have to think the major brokerages keep better records than we are seeing from the NOBO. They run internal audits like most people change their socks. I bet they know who is solid and who isn't... AMTD may be in trouble, because their gut reaction a month ago tells me they ran their books and found a possible problem with their customers holding CSHD.
posted
wow guys check out the email I just got back from ameritrade. This is in response to an email I sent earlier today. I feel so much better right now.
Mr. XXXXXXXXX,
Please accept my apologies regarding the previous correspondence related to the NOBO list. According to our records, I show that you are on the list of NOBO for CSHD.
Laurie W. Apex Reorganization and Safekeeping, TD AMERITRADE Division of TD AMERITRADE, Inc.
This was a response to this email I sent them
I understand why you hold my shares in street name. I however don't understand how I can't be placed on a NOBO list it seems like a violation of SEC rule 14b-1(c). Which states:
Under rule 14b-1(c) of the Securities Exchange Act, we are required to disclose to an issuer the name, address, and securities position of our customers who are beneficial owners of that issuer's securities unless the customer objects.
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