posted
no he said it might not need to be halted, and who knows what's going to happen on the 30th when we get the reset. What if we reset and then get listed on naz it'll be a 3 day halt.
posted
Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
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quote:Originally posted by AzGunn: Anyone know how this would work, or not work?
I did not have time to set up my brokerage account so I gave some $ to a friend who was also getting some CSHD. So all the shares are in his name. We were going to transfer my share of the shares into my account tomorrow, but I do not want to miss out on the 7X shares. Should I just leave them be and then transfer them after the Oct 30th? Or if I do transfer now, will the extra shares follow into my new account? THANKS
If they are in your buddies name then you may not have been on the list. If you are not you may email CSHD and they'll update it.
-------------------- I buy fast and sell faster!
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quote:Originally posted by RyanPBF: well mo. I read the 10k to say whatever shares you had on the 16th will be the ones calculated for the stock issue. What ever you buy after that is just what you bought one share. That's how I read it
I think Mo is onto something...namely the 10-day rule could well be a problem, as I read the regs.
quote:The LAS Form, which is available on the “Listing On NASDAQ” page of www.NASDAQ.com, should be submitted 15 days prior to the issuance of securities or 10 days before the record date for SEC 10b-17 distributions.
10b-17 distributions apply to:
Stock split/stock dividend or reverse split;
Other distributions in cash or in kind, including a dividend or distribution of any security;
Subscription offering or rights offering/poison pill.
To me, "distribution of any security" covers this, even it's judged *not* to be a split...
My understanding is that since it was filed as part of the 8K and 8KA, the reset, that was the notification. It was well publicized. Now the 10 days are the notification that the company was required to do for NASD. NASD could come back with something, I know they have in the past so that is why I will hold. Until I'm sure I will get the distribution I won't sell anything. I also don't want to give the brokers any chance to screw around. don't want to be in the situation of fighting it out instead of being able to decide when I want to take profits. You know let the dust settle.
GLTA Wally
You're saying the "we choose option C" language (which btw is worded differently than original option c) was filed before yesterday? and, further, that would constitute notice to NASD?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
As long as you trust the guy , which I'm sure you do , I'd just wait until its all done and then transfer the correct amount into your account . Just my .02
-------------------- ----- Game Over -----
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quote:Originally posted by AzGunn: Anyone know how this would work, or not work?
I did not have time to set up my brokerage account so I gave some $ to a friend who was also getting some CSHD. So all the shares are in his name. We were going to transfer my share of the shares into my account tomorrow, but I do not want to miss out on the 7X shares. Should I just leave them be and then transfer them after the Oct 30th? Or if I do transfer now, will the extra shares follow into my new account? THANKS
If they are in your buddies name then you may not have been on the list. If you are not you may email CSHD and they'll update it.
that's the same as saying you went 1 for 1 on the lottery ticket, but only his name is on it...lol
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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quote:Originally posted by trade04: he did tell a lie...he said it would be halted then reset...
He wanted to catch the mm's off guard! I think he did a good job.. He said we would get $15 a share and we are getting the equivalent or even better. I'm WAY happier they did it this way. It kept all the jacka$$e$ out of the stock who were just in it for the RESET! I think he did a great job of separating the mice and men/women!
quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
As long as you trust the guy , which I'm sure you do , I'd just wait until its all done and then transfer the correct amount into your account . Just my .02
Ditto - I would leave everything as is...
-------------------- Study before you buy, Sell before you think about it....
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posted
I would want to be in this regardless of the shares. This will have the short squeeze of a lifetime in a very SHORT time period. Get ready all, it's gonna be GRRRRRREEEAAAATTTT!
quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
As long as you trust the guy , which I'm sure you do , I'd just wait until its all done and then transfer the correct amount into your account . Just my .02
I don't know if you can even do that at all--don't we all sign something to the effect that only *I* can trade in *my* account? May be easier simply to tell your pal when to sell, then get the dough from him...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by RyanPBF: well mo. I read the 10k to say whatever shares you had on the 16th will be the ones calculated for the stock issue. What ever you buy after that is just what you bought one share. That's how I read it
I think Mo is onto something...namely the 10-day rule could well be a problem, as I read the regs.
quote:The LAS Form, which is available on the “Listing On NASDAQ” page of www.NASDAQ.com, should be submitted 15 days prior to the issuance of securities or 10 days before the record date for SEC 10b-17 distributions.
10b-17 distributions apply to:
Stock split/stock dividend or reverse split;
Other distributions in cash or in kind, including a dividend or distribution of any security;
Subscription offering or rights offering/poison pill.
To me, "distribution of any security" covers this, even it's judged *not* to be a split...
My understanding is that since it was filed as part of the 8K and 8KA, the reset, that was the notification. It was well publicized. Now the 10 days are the notification that the company was required to do for NASD. NASD could come back with something, I know they have in the past so that is why I will hold. Until I'm sure I will get the distribution I won't sell anything. I also don't want to give the brokers any chance to screw around. don't want to be in the situation of fighting it out instead of being able to decide when I want to take profits. You know let the dust settle.
GLTA Wally
You're saying the "we choose option C" language (which btw is worded differently than original option c) was filed before yesterday? and, further, that would constitute notice to NASD?
Yes. I do see that it is worded differently. Now as I said, NASD will still way in on this so things could change because of them, we have all seen this happen in the past. That is why I'm holding and taking no chances.
posted
I don't know if you can even do that at all--don't we all sign something to the effect that only *I* can trade in *my* account? May be easier simply to tell your pal when to sell, then get the dough from him...
taxes? you guys have a bit of a mess...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
As long as you trust the guy , which I'm sure you do , I'd just wait until its all done and then transfer the correct amount into your account . Just my .02
Ditto - I would leave everything as is...
Also get it in writing that you gave him money. Sign it in front of a notary. cover your bases
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quote:Originally posted by glassman: I don't know if you can even do that at all--don't we all sign something to the effect that only *I* can trade in *my* account? May be easier simply to tell your pal when to sell, then get the dough from him...
quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
As long as you trust the guy , which I'm sure you do , I'd just wait until its all done and then transfer the correct amount into your account . Just my .02
I don't know if you can even do that at all--don't we all sign something to the effect that only *I* can trade in *my* account? May be easier simply to tell your pal when to sell, then get the dough from him...
Tex can't his buddy gift the shares to him. that he is entitled to
quote:Originally posted by 10of13: I'd play it safe and wait....
quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
I would take to my broker or even an attorney before doing anything. I'm not sure how you would go about taking shares in someone else's name and putting them in your account. You could be opening yourself up for gifting tax. Be careful.
quote:Originally posted by Doniboy: Whats happening people?Looking good today?
How's the kid Donni? Getting any sleep? My daughter finally started sleeping through the night and then a tooth came in and she wakes up every 3 hours in pain.
St Matt - just some adice from a mommy - there are theeting pills at WalMart. I don't remember the name. They are in a pink package & they usually have them hanging in the baby aisle instead if on the shelf. They work awesome!!!! Give baby thoses pills- they dissolve under the tongue, and some ambesol. Do that right before baby goes to bed. About an hour before she goes to bed you can also give Tylenol too- just one dropper full that's it. Baby will sleep good because your taking care of the pain topically & systemically.
Thanks guys...we were doing the Tylenol and ambesol thing, but she was still waking up. I will check out the pills at Walmart...thanks again.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
quote:Originally posted by glassman: I don't know if you can even do that at all--don't we all sign something to the effect that only *I* can trade in *my* account? May be easier simply to tell your pal when to sell, then get the dough from him...
taxes? you guys have a bit of a mess...
yep...they kind of screwed themselves...gonna get hit with capital gains and gift tax...
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quote:Yes. I do see that it is worded differently. Now as I said, NASD will still way in on this so things could change because of them, we have all seen this happen in the past. That is why I'm holding and taking no chances.
GLTA Wally
so maybe I'm wondering about nothing--when was the "we choose option c" first released/filed?
thanks...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by RyanPBF: I have a similar situation. I plan on giving shares to some people. I want to find tax wise the cheapest way to do this.
buy them stuff...no joke...
if its people you love set up a trust and put ownership of big ticket items in there...
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quote:Originally posted by AzGunn: Actually the shares were purchased in late July. His name is on the NOBO list. I am justing asking whether it would be best to transfer now or wait till after the 30th. Just do not want to lose out on the 7X shares. Thanks
As long as you trust the guy , which I'm sure you do , I'd just wait until its all done and then transfer the correct amount into your account . Just my .02
I don't know if you can even do that at all--don't we all sign something to the effect that only *I* can trade in *my* account? May be easier simply to tell your pal when to sell, then get the dough from him...
Tex can't his buddy gift the shares to him. that he is entitled to
if it were me? I'd simply call pally and say,"Hey, sell mine at x price--lemme know when you get the dough."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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