posted
He also said the cut off date was the 29th that it all so if you were not on the nobo list as of that date and or didn't have certs declaring your name??? you will only get the 15 reset if proved you had shares but if in the 3 day hold and did that mean u had airshares???? Did that take u off the nobo if u were on??? Not sure guess we will find out soon..~LOL~
-------------------- Never lookback...
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The other night Rufus was asked by someone emailing into subpenny radio why he doesn't have the shorters pay a dividend & he said something to the effect that he wanted them to hurt worse than that. Something like that, not his words.
-------------------- ..just remember....Family is EVERYTHING!!
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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??
There's no DIVY. I put in RKLC a company I'm very familiar with and it shows a dividend date of 3/1/2007. I think they just input a date in the field. Nothing has been stated about Dividends and nothing is on the OTCBB daily list, which is a requirement. Sorry
quote:Originally posted by RyanPBF: 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.
Nicely done. They changed their tune in a hurry once you educated them.
posted
I just put in symbols of stocks I own. HD which pays a dividend and LU which does not. Both showed the dividend date but only HD shows a dividend payout per share. I think the dividend date is only represenative of the close of quarter for that company. That's just my guess as it corresponds with those companies.
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My account with them must not be big enough to respond to. Ive emailed and called at least 6 times and they wont respond. Whenever I call there is never anyone there that knows.
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On a similar note, I never called and asked for anything to be put into my name on my shares i held with Intel, and I was paid a dividend on them directly into my brokerage account.
food for thought..
Im w/ banc of america if it makes any difference
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Just saw a TDA commercial ... Open an account today and receive 45 days of free trading plus $100 cash ... what a deal! ... jumpin' all over that one!
-------------------- ... make you're decisions only on you're own DD ...
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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.
Wally, don't know about NASDAQ specifically, but when GTEL/GTE moved to AMEX, I didn't have to "do anything." The share count reversed, ticker changed, and my Scottie simply tracked the entire deal in my account...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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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.
Thanks Tex. By the way I in no way was saying that CSHD is immediately going to the NASDAQ just exploring possible ramifications.
GTLA Wally
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.
Wally, don't know about NASDAQ specifically, but when GTEL/GTE moved to AMEX, I didn't have to "do anything." The share count reversed, ticker changed, and my Scottie simply tracked the entire deal in my account...
posted
Just noticed this from 10 minutes ago and thought it was relevant:
SANTA BARBARA, Calif.--(BUSINESS WIRE)--
Occam(R) Networks Inc. (OTCBB:OCNW), a supplier of innovative Ethernet- and IP-based loop carrier equipment to telecommunications companies, announced today that it has received approval from The NASDAQ Stock Market LLC to list its common shares on the NASDAQ Global Market under the symbol "OCNW." The Company expects to begin trading on the NASDAQ Global Market on October 9, 2006. Until that time, the Company's common shares will continue to trade on the NASD Electronic Bulletin Board (OTCBB).
From what i can make out they filed a S-1/A on the 18th of September and issued the confirmation PR today. I think this gives us an idea of the time frame involved in moving from the OTCBB to the big board.
-------------------- 'The rewards for those that persevere, far exceed the pain that must proceed the victory!'
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Dog, Aturd told me if they are in my account they are real. Course we know thats not exactly true. Thats all I can say about that. JMHO and heresay.
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Sherwood, ARKANSAS- November 12, 2004- Pet Quarters Inc. (OTC:PDEN.PK), formerly a mail-order catalog and internet based pet supply company based in Lonoke, Arkansas, announced today that it and several individual shareholders, filed a complaint against The Depository Trust and Clearing Corporation (DTCC), The Depository Trust Company (DTC) and The National Securities Clearing Corporation (NSCC) in the Circuit Court of Pulaski County, Arkansas, Sixth Division. The Plaintiffs are represented by the law firms of O'Quinn, Laminack & Pirtle, Christian Smith & Jewell, and Heard, Robins, Cloud, Lubel & Greenwood, LLP, all of Houston, Texas and Eichenbaum, Liles & Heister, PA of Little Rock, Arkansas.
The complaint alleges that the DTCC, the NSCC and the DTC acted in concert to allow an increase in the supply of stock through the Stock Borrow Program, causing downward pressure on the price of Pet Quarters (PQI) stock. It further alleges that the Defendants permitted sellers of PQI shares to maintain significant open "fail to deliver" positions of millions of shares of PQI stock for extended periods of time. Attorney Sean Greenwood said: "We believe that the price of PQI stock fell because the Defendants- through their operation of the Stock Borrow Program- manipulated and allowed the manipulation of PQI stock by various sellers who failed to deliver PQI shares." By covering open "fail to deliver" positions with shares borrowed through the Stock Borrow Program and delivering the borrowed shares to the buyers, the complaint alleges, the Defendants artificially created unregistered, free trading PQI shares and increased the supply of PQI shares in the marketplace without authority. Attorney Adam Voyles said: "It is our belief that the artificially increased supply of PQI shares in the marketplace has significantly decreased the value of PQI stock."
Steve Dempsey, Chairman and CEO of PQI said: "We relied on the Defendants’ representation that they use the Stock Borrow Program to efficiently settle and clear trades." Co-founder Mike Parnell added: "Their mishandling of these shares and resulting misrepresentations are unacceptable." Attorney John O’Quinn commented: "The deeper my team and I dig into these cases, the more outraged I become. Honest American entrepreneurs have been subjected to scandalous behavior and abandoned by organizations that should be protecting them."
quote:Originally posted by wallymac: This is long but very very interesting. It concerns the DTCC, registered ownership and Beneficial ownership. A good read.
jeese...i just finished reading this whole thing...at first glance one would tell the author to break out the aluminum foil hats...really thinking about it though...it's some scary stuff to consider...
haha...I can hear it now...Cede Co. broadcast worldwide before their plot to take over the world is revealed, "All your stock are belong to us!!!"
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quote:Originally posted by RyanPBF: for everyone that's worried about being on the nobo list which I believe was the big thing for rufus that's how they can find out who you are. I posted a copy of the email I sent to ameritrade. Now I have them on record saying that I am on the nobo list.
Ryan - it says you are on the NOBO list. Can you verify that anyhow?
greenday I have an email from ameritrade stating that the looked at the nobo and my name was on the list. So at least I have that in writting. Tomorrow I'm going to try and get in touch with someone at cshd, and see if they can cross reference it with their list. As far as I can tell. having your name on the NOBO list at least previous to the 29th deadline. is as good as requesting your certs. It should have your name as having ownership of those shares and give you every right that others that have hard copies of their certs are receiving. Any body if I am wrong in my thinking please correct me.
posted
I thought this was relevant to some people's concern regarding holding actual certificates...from the link posted above...
quote: Don't let the broker tell you that it's "safer" for you if they keep your certificates. Remember, you know the truth. Even if all your stock and bond certificates were burned in a fire, the process to have them replaced is simple. If someone were to steal your certificates, you simply report them stolen to the company that issued them and they're automatically cancelled, just like a stolen credit card. Replacement certificates are then issued to replace the lost or stolen originals.
posted
Following is a small bit from Wally's find... Kinda scary...'cause I don't own jack!
REGISTERED HOLDER- A Registered Holder literally possesses, owns, and holds, his stock or bond with his name appearing on the face of the certificate. The company that issued the certificate has registered the owner's (holder's) name on their official books. This is the safest way to own a paper asset. You literally possess the fully registered certificate and only you can transfer or sell it. By all Rights and definition of law, you are the owner. You have it, you hold it, you possess it, and you keep it. You have the complete control over it.
BENEFICIAL OWNER- A Beneficial Owner is nothing more than a beneficiary, "One who is entitled to the benefit of a contract"- A Dictionary of Law, 1893. All book-entry stocks and bonds you purchase make you the beneficial owner, not the registered holder. The owner of a book-entry stock or bond is the entity or name that it is registered under.
The DTC owns that bond or stock, not you. Rather than in your name, it's registered (as the legal Registered Owner or agent) in their "street name", Cede & Company. (In the past, it may have been registered in your broker's street name, but this is no longer allowed). The DTC is the Registered Owner - holder - of your stock or bond. The DTC is the legal property-holder, share-holder, stock-holder, owner and purchaser. Your name appears nowhere on the book entry or certificate as the actual owner. Instead, you have been designated by the legal registered owner, the DTC, as the Beneficial Owner. This means that your lawful Rights in that stock or bond are confined to that of a successor or heir.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by cool AZ: No Crab! ... we are "Beneficial Owners"!! LOL!!
haha...same difference...
did you notice in the comments underneath? people left comments regarding CMKX in early 2005 and how it was going to bite the SEC, DTCC, etc. in the *ss...then, last week we get that PR from the NASD stating how that investigation went...scary stuff...
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quote:Originally posted by Repoman75: Ok, let me return to my evil ways for a sec....
I keep hearing Bruce Springsteen in my head while watching this stock...
"You used to love to drive me wild But lately girl you get your kicks from just driving me down, down, down down, I'm going down, down, down, down, I'm going down, down, down, down I'm going down, down, down"
Got this cranking on my PC now.. had this in my head all day since posting the lyrics... rock on!
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by 10of13: Following is a small bit from Wally's find... Kinda scary...'cause I don't own jack!
REGISTERED HOLDER- A Registered Holder literally possesses, owns, and holds, his stock or bond with his name appearing on the face of the certificate. The company that issued the certificate has registered the owner's (holder's) name on their official books. This is the safest way to own a paper asset. You literally possess the fully registered certificate and only you can transfer or sell it. By all Rights and definition of law, you are the owner. You have it, you hold it, you possess it, and you keep it. You have the complete control over it.
BENEFICIAL OWNER- A Beneficial Owner is nothing more than a beneficiary, "One who is entitled to the benefit of a contract"- A Dictionary of Law, 1893. All book-entry stocks and bonds you purchase make you the beneficial owner, not the registered holder. The owner of a book-entry stock or bond is the entity or name that it is registered under.
The DTC owns that bond or stock, not you. Rather than in your name, it's registered (as the legal Registered Owner or agent) in their "street name", Cede & Company. (In the past, it may have been registered in your broker's street name, but this is no longer allowed). The DTC is the Registered Owner - holder - of your stock or bond. The DTC is the legal property-holder, share-holder, stock-holder, owner and purchaser. Your name appears nowhere on the book entry or certificate as the actual owner. Instead, you have been designated by the legal registered owner, the DTC, as the Beneficial Owner. This means that your lawful Rights in that stock or bond are confined to that of a successor or heir.
OT: yes, 10, this is why sometimes on the lil geek-play reverses wherein "no one is rounded to less than 100 shares," the broker(s) will sometimes try to say (or say the TA said) that "the TA is treating all DTC shares as one block; therefore you're not elegible for the 100 round-up shares."
Phooey: I bought 'em, and they have to deliver 'em. Basic contract law...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Tex... I get most of it... I don't usually play the geek-things... 1 reason I don't like to hold...I don't want CERTS or shares or street name NOBO lists... All me wants is me money...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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