posted
They are in what is called hard stop lists. Each brokerage firm has a list of those. You can purchase by calling your broker. (usually they waive the broker assist fee).
Usually a stock goes in the hard stop list when there is something fraudulent going on or the stock is being tempered with.
Posts: 149 | From: Salt Lake City | Registered: Aug 2006
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quote:Originally posted by Vinnie: They are in what is called hard stop lists. Each brokerage firm has a list of those. You can purchase by calling your broker. (usually they waive the broker assist fee).
Usually a stock goes in the hard stop list when there is something fraudulent going on or the stock is being tempered with.
Not always true. I bet AMTD won't allow you to buy through phone or internet.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
ha ha shell play I remember this one,everyone thought it was going from a couple cents to a couple dollars a share, but it turned out to be another pink sheet scam Posts: 550 | From: MI | Registered: Nov 2005
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posted
WHKA -- World Hockey Association Corp. Com (4 Cents)(New)
Search for Dun & Bradstreet reports on this company.
Address: 255 Forest Lakes Blvd. Oldsmar, FL 34677 USA
Phone: 813-298-9342
Business Description: Not Available
Primary State of Incorporation: Florida
Country of Incorporation: USA
Officers: William Richard Smith, President/CEO
Outstanding Shares: Not Available
Estimated Market Cap: Not Available
Current Capital Change: shs decreased by 1 for 100 split Ex-Date: Record Date: Pay Date: 2006-06-12
Dividends:
Company Notes: Formerly=Kaplan Industries, Inc. until 11-03 Formerly=Grand Lux, Inc. until 9-05 Note=9-23-05 company is in the development stage
Class Notes: Capital Change=shs decreased by 1 for 900 split. Effective date=10-25-04 Capital Change=shs decreased by 1 for 1000 split. Effective date=9-23-05
Transfer Agent: First American Stock Transfer, Phoenix, AZ 85022-6642
ISSUANCES, RESTRICTION REMOVALS, MARKETING: SALLI MARINOV
salli*firstamericanstock.com
FINANCE/ ACCOUNTING: JIM EBENTIER
jim*firstamericanstock.com
OPERATIONS, ISSUANCES: LAURA CATALDO
laura*firstamericanstock.com
COMPLIANCE: JOHN LORENZEN
john*firstamericanstock.com
INFORMATION TECHNOLOGY: ROBERT DINGFEILD
robert*firstamericanstock.com
EXECUTIVE ASSISTANT, ROUTINE TRANSFERS & LOST CERTIFICATES: JENNIFER QUICK
jennifer*firstamericanstock.com
RECOVERY BACKUP, DWAC TRANSFERS: RICK GEORGE
richard*firstamericanstock.com
RECEPTION, BATCHING, MAILINGS: AMBER MURPHY
amber*firstamericanstock.com
NEW COMPANY COORDINATOR: DENISE REMO
denise*firstamericanstock.com
Transfer and Sales of Restricted Rule 144 Stock
Rule 144 allows holders of restricted or control securities to sell those securities in the open market without filing a registration statement under the Securities Act of 1933, provided certain conditions are met by the seller, the broker and the company. Rule 144 has a 1-year holding period; Rule 144(k) has a two-year holding period for non-control shareholders.
Restricted/Control Securities In general, restricted securities are acquired from a company or a control person (also referred to as an affiliate) of the company in a non-public transaction (private placement). Such securities are unregistered, can only be resold under certain conditions and usually bear a legend to that effect. Securities acquired by a control person in any manner, including an open market purchase, are control securities. Control securities can also be restricted securities depending on how they were acquired. Restricted securities can also be control securities if the person or entity is using the Issuing Corporations' address for mailings. Restricted and control securities obtained by third parties as gifts or donations, or pledged for a loan, may be sold under appropriate circumstances through Rule 144.
A Control Person A control person is anyone who directly or indirectly controls the management and affairs of a company. Senior officers, directors and certain large shareholders are usually considered control persons. Whether a control relationship exists is a factual determination usually made by the company or its legal counsel.
As a seller under Rule 144, a control person is also defined to include the following: relatives living in the same household as the control person; trusts, estates, corporations or other entities in which the control person has a 10% ownership interest; and trusts and estates in which the control person serves as a trustee, executor or a similar capacity.
Conditions of Rule 144 for the sale of restricted or control stock
Current public information The company whose securities are being sold under the rule must have available "adequate current public information." Generally, this requires meeting the reporting requirements of the SEC for at least 90 days before the proposed sale and filing all required reports during the 12 months preceding the sale (or such shorter period that the company has been subject to filing requirements).
Holding period Restricted securities must be fully paid for and beneficially owned for a period of at least one year prior to sale. There is no required holding period for control securities that are not also restricted securities. Therefore, a control person who acquires shares through exercise of stock options covered by a registration statement, or buys stock in the open market, has no Rule 144 holding period (although he or she may be subject to short swing liability if the shares are sold within six months of acquisition or date options are granted).
Amount to be sold The amount of securities that may be sold under Rule 144 during any three-month period is the greater of:
1 % of the class of securities outstanding or The average weekly reported volume of trading in the securities during the four calendar weeks prior to the filing with the SEC of Form 144, Notice of Proposed Sale.
In calculating the maximum number of shares that may be sold, the seller must deduct the number of shares he or she has sold, as well as the number of shares sold within the prior three months by the following:
Relatives who share the same household, Any trust or estate in which he or she owns or such relatives collectively own 10% or more of beneficial interest or serves as trustee, executor or similar capacity, Any corporation or entity in which he or she owns or such relatives collectively own 10% or more of the beneficial interests, A party to whom he or she donated or pledged any such shares as a gift or in pledge for a loan, and/or A party selling in concert with him or her.*
*Sellers acting in concert are treated as one in determining the number of shares that can be sold.
Filing of notice requirements A completed original and two copies of SEC Form 144 (Notice of Proposed Sale) must be mailed to the SEC at or prior to the time of placing the sell order. If the security is exchange-traded, a copy must also be filed with the principal exchange.**
**A seller does not have to file a notice if within any 3-month period, he or she sells no more than 500 shares and the aggregate sales price does not exceed $10,000, however all other requirements of Rule 144 apply.
Manner of sale Rule 144 sales must be made in "brokers' transactions," that is, in agency transactions, although they may be effected in principal transactions if the broker is a market maker or a block positioner (only if the sale is of block size) in the issue. The broker can inquire only of customers and other dealers who have recently expressed buy interest in the issue. (However, if the dealer purchases the stock as principal, the dealer may solicit buy orders.)
Intent to sell The seller of restricted or control securities must have a "bona fide intent to sell" the securities within a reasonable time after the filing of the notice with the SEC. SEC rules require the shares be sold within 90 days of filing form 144.
Exemptions from certain requirements 144(k) Restricted securities may be sold under Rule 144 exempt from volume limitations, filing and manner of sale requirements if the securities have been fully paid for and beneficially owned for at least two years and the seller has not been a control person for at least three months. Estates or beneficiaries of estates that are not control persons are exempt from volume limitations, the holding period and the manner of sale requirements. A legal opinion letter from Corporate counsel may be required for sale of these securities.
Please contact First American Stock Transfer for current transfer fees
Posts: 298 | Registered: May 2006
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posted
Seems to me a more logical reason here is the company dumping prior to the distribution knowing full well the impact on the pps at that time. IMO of course.
-------------------- ......in Psychiatry circles it's known as a "warning sign" Posts: 1736 | From: Saint Louis | Registered: Jul 2005
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Entity Details -------------------------------------------------------------------------------- THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 3893500 Incorporation Date / Formation Date: 12/09/2004 (mm/dd/yyyy) Entity Name: GLOBAL DEVELOPMENTS INC. Entity Kind: CORPORATION Entity Type: GENERAL Residency: DOMESTIC State: DE
While it may be a restricted shares screw up, my gut reaction is that it is NOT.
1) The "sell-off" started mid-day on Thursday. In the cases that I've seen where there are real errors, they happen at the open. I don't think many (any?) brokers update account positions of restrictions mid-day.
2) Selling continued well into Friday. My guess is that if there were restricted shares being sold on Thursday, brokers would have figured it out at some point before the market opened Friday, and would not have allowed shares to continue to be sold.
3) Given the pub that this got on other boards, I saw A LOT of buying Friday afternoon, and yet the price rebounded only to .04.
4) I have yet to see anyone on any of the boards say that they were able to sell their dividend shares.
5) If you had shares in WHKA and knew that in a couple of weeks there would be a bunch more shares out there, wouldn't you sell as soon as you saw the price start to drop? Even if you believed firmly in the company it would make sense to sell out and buy back in later.
All in all, my educated guess is that the company was/is dumping shares, and other holders started bailing as well, compounding the big drop.
All of this is only my opinion, of course, but common sense tells me there's nothing to see here.
Good luck to any of you in it though!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by Kevin Bailey: And most that claim they "heard" something, didn't really hear anything, and are just making $hit up ...
Keywords in that statement is 'most people'; because ask anyone that knows my picks and my track record I don't B.S.; which you can tell as we see WHKA run today. I think it will get back to .40
Posts: 679 | From: New York | Registered: Jan 2006
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posted
Wow, that was some run! from .05 to .07 in under 10 minutes, and back to .04 20 minutes later.
quote:Originally posted by bullpicks6:
quote:Originally posted by Kevin Bailey: And most that claim they "heard" something, didn't really hear anything, and are just making $hit up ...
Keywords in that statement is 'most people'; because ask anyone that knows my picks and my track record I don't B.S.; which you can tell as we see WHKA run today. I think it will get back to .40
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Well I tend to doubt anyone that "hears" that a run is about to take place without further documentation.
I've seen some of your other picks and would certainly not label you a pump/dump type, so don't take my post that way, but I think you're off base on this one in saying it'll get back to .40. I see no evidence whatsoever that would even make me think this will touch .10 again.
Again, just my opinion, which just happens to differ from yours, no big deal.
Oh, and sarcasm is just a way of life for me, sorry to offend, but I'll continue to be this for the rest of my life.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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World Hockey Association 8,000,000 Shares paid $ 240,000 worth $4,880,000
Now, according to GBDP's report:
As shown in the accompanying financial statements, the Company has incurred a net unrealized gain of $4,617,727 for the period from December , 2004 (inception) to June 30, 2006 and has not generated any revenues.
So, you tell me where the share dump came from. IMO GBDP financed their loss by selling all the shares of WHKA that were not gong out to their holders.
Gee, lets give our shareholders a grand total of 333K shares of WHKA after we dump 7.5M shares to finance our operation.
Guys and Gals, only 333K shares of WHKA are going to shareholders of GBDP, read the financials they just released. They got to dump theirs first LMAO. The link to GBDP financials are at the end of this post.
This is going to bounce and hard when people realize what GBDP did.
posted
WHKA - from 11/30 to 12/6, around 9M shares were traded driving down the price.....then the volume returns to normal......GBDX had 8M shares......they are done unloading.....over the past couple of days we have seen more volume and more accumulation plus some panic sells IMO people afraid of GBDP divi shares hitting the market....Tuesday showed us some increased volume, a bounce off the low, and a green close....
This is primed to go up.....only 333,333 shares are in the divi...GBDP has unloaded all the shares they bought at .03....
Now we go up, this can hit .10 easy, my guess is .40 will be seen before the new year
Posts: 538 | Registered: Apr 2005
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posted
If there are now 9 million more shares outstanding, why would it go up to the original price? What am I missing?
Plus, if there are 333,000 shares about to become unrestricted, doesn't that further dilute the O/S and will cause a further drop if those people start selling?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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