posted
LT, I know this has been discussed a million times, but you don't seem to believe it or care. Why do you think that "hard copy certs" would/could be handled differently than electronic ones? I am pretty sure that it's a documented SEC or NASD rule that they may NOT be treated differently.
Why do you think that hard copies will/can be treated differently. I hope that you have more to back that position than "Rufus said so".
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
Would this count as an example, or am I as confused as always?
-------------------------------- *Mag* Member
Member Rated: posted 24 December, 2007 19:42 -------------------------------------------------------------------------------- RZRR Razor Resources Inc. Common Stock RZOR Razor Resources Inc. New Common Stock 15-1 F/S; Payable upon Surrender of Certificates
Posts: 31 | Registered: Mar 2006
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quote:Originally posted by PCola77: LT, I know this has been discussed a million times, but you don't seem to believe it or care. Why do you think that "hard copy certs" would/could be handled differently than electronic ones? I am pretty sure that it's a documented SEC or NASD rule that they may NOT be treated differently.
Why do you think that hard copies will/can be treated differently. I hope that you have more to back that position than "Rufus said so".
ALL shares will be delt with ..the HCC's just are the fastest way to exchange and a for sure way .... electronic shares are not in your name they are in street name...and anything could happen to them , its up to your broker.... a HCC or hard copy certificate is in your name and taken out of circulation.
Posts: 65 | Registered: Dec 2007
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quote:Originally posted by PCola77: No, if you hold shares electronically, the broker takes care of the exchange, even if they've never had paper certs for you.
wrong..... the reason RPH said from the very begining to get Hard Copy certs was he knew the float was bought up and the MM's were trading AIR Shares....thats the reason for HCC's...and when we go back to trading on a Bigger market it wont be thru your broker or any broker for that matter...this company is about to do something that has never been done before.... this will be a short elimination.... very soon you will be giving your HCC's to a new in-house Transfer Agent , which will deposit your shares into your very own acct. with the company...there you will be able to log on thru the new corp. web site and see your acct..... real time financials , L2's ,etc... you will be able to set your price in the market for shorty to buy shares from you.... ohh yes there will be a Short Squeeze....since all trading goes thru the company's in-house T/A , DTC Agent, theres no Illegal trading...
Posts: 65 | Registered: Dec 2007
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quote:Originally posted by PCola77: No, if you hold shares electronically, the broker takes care of the exchange, even if they've never had paper certs for you.
wrong..... the reason RPH said from the very begining to get Hard Copy certs was he knew the float was bought up and the MM's were trading AIR Shares....thats the reason for HCC's...and when we go back to trading on a Bigger market it wont be thru your broker or any broker for that matter...this company is about to do something that has never been done before.... this will be a short elimination.... very soon you will be giving your HCC's to a new in-house Transfer Agent , which will deposit your shares into your very own acct. with the company...there you will be able to log on thru the new corp. web site and see your acct..... real time financials , L2's ,etc... you will be able to set your price in the market for shorty to buy shares from you.... ohh yes there will be a Short Squeeze....since all trading goes thru the company's in-house T/A , DTC Agent, theres no Illegal trading...
posted
IMO this is what's coming in our near future.....
court case dropped ( SEC amended Filing ), trading halt granted, new company filings & PR's , HCC EXCHANGE with new in-house T/A, new trading platform Oracle based, trading on exchanges world wide, you as a shareholder can sell or buy with the company without any worry of your money being funneled into the crooks pockets...name your price....squeeze begins...ba bye shorty....all IMO...Posts: 65 | Registered: Dec 2007
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quote:Originally posted by PCola77: No, if you hold shares electronically, the broker takes care of the exchange, even if they've never had paper certs for you.
Unfortunately electronic shares are not FDIC insured and may lose value.
LOL! Its happened before. ELectronic certs what? Sorry that company doesn't exist goodbye.
posted
Okay, for the sake of argument, let's say that your ridiculous scenario actually comes to pass.
Now I have 70,000 shares that can only be purchased through the company TA. How many people that don't currently own shares do you think will go through all the baloney to set up an account to buy shares of this wacky company? You think there will be ANY buy pressure? Who the hell would go through the hassle to buy a penny stock with this much baggage? The shares will become virtually worthless immediately, because NO ONE will want to buy them. You seriously think otherwise?
quote:Originally posted by LT:
quote:Originally posted by PCola77: No, if you hold shares electronically, the broker takes care of the exchange, even if they've never had paper certs for you.
wrong..... the reason RPH said from the very begining to get Hard Copy certs was he knew the float was bought up and the MM's were trading AIR Shares....thats the reason for HCC's...and when we go back to trading on a Bigger market it wont be thru your broker or any broker for that matter...this company is about to do something that has never been done before.... this will be a short elimination.... very soon you will be giving your HCC's to a new in-house Transfer Agent , which will deposit your shares into your very own acct. with the company...there you will be able to log on thru the new corp. web site and see your acct..... real time financials , L2's ,etc... you will be able to set your price in the market for shorty to buy shares from you.... ohh yes there will be a Short Squeeze....since all trading goes thru the company's in-house T/A , DTC Agent, theres no Illegal trading...
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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quote:Originally posted by PCola77: No, if you hold shares electronically, the broker takes care of the exchange, even if they've never had paper certs for you.
Unfortunately electronic shares are not FDIC insured and may lose value.
LOL! Its happened before. ELectronic certs what? Sorry that company doesn't exist goodbye.
BINGO !!..so now you see the reason for the HCC's... Posts: 65 | Registered: Dec 2007
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quote:Originally posted by PCola77: Okay, for the sake of argument, let's say that your ridiculous scenario actually comes to pass.
Now I have 70,000 shares that can only be purchased through the company TA. How many people that don't currently own shares do you think will go through all the baloney to set up an account to buy shares of this wacky company? You think there will be ANY buy pressure? Who the hell would go through the hassle to buy a penny stock with this much baggage? The shares will become virtually worthless immediately, because NO ONE will want to buy them. You seriously think otherwise?
quote:Originally posted by LT:
quote:Originally posted by PCola77: No, if you hold shares electronically, the broker takes care of the exchange, even if they've never had paper certs for you.
wrong..... the reason RPH said from the very begining to get Hard Copy certs was he knew the float was bought up and the MM's were trading AIR Shares....thats the reason for HCC's...and when we go back to trading on a Bigger market it wont be thru your broker or any broker for that matter...this company is about to do something that has never been done before.... this will be a short elimination.... very soon you will be giving your HCC's to a new in-house Transfer Agent , which will deposit your shares into your very own acct. with the company...there you will be able to log on thru the new corp. web site and see your acct..... real time financials , L2's ,etc... you will be able to set your price in the market for shorty to buy shares from you.... ohh yes there will be a Short Squeeze....since all trading goes thru the company's in-house T/A , DTC Agent, theres no Illegal trading...
this will trade on more markets then Google currently does..... we are gona be World Wide....
Posts: 65 | Registered: Dec 2007
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posted
OKay, so who forces the "federal margin call"? Why wouldn't E*Trade or whoever say, "Uh, yeah, we held air shares before, but now we got real ones for you. You're good..." and not actually make any effort to get them?
I've heard of people drinking kool-aid, but you've got to be the most...committed is probably the right word... shareholder I've ever seen from any company...
Best of luck to you, and I hope it works out, but I think your "exit" is totally preposterous. Most people bought into this because of some huge amount of stated assets. I'd bet that, had the plan all along been an elaborate plan to "trap the shorts", most people would have laughed and moved on, and never thought about this one again. Every crackpot pinky CEO on earth tries the ol' "get the shorts" pump once in a while.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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posted
Oh, and by the way, one other thing that I had thought, but just now had a few minutes to look into, is how does Rufus intend to get arround the fact that cornering the market and forcing a short squeeze is ILLEGAL? Or does he not mind going to federal prison for a while so the shareholders benefit? LOL.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Oh, and by the way, one other thing that I had thought, but just now had a few minutes to look into, is how does Rufus intend to get arround the fact that cornering the market and forcing a short squeeze is ILLEGAL? Or does he not mind going to federal prison for a while so the shareholders benefit? LOL.
i'm not sure i understand what you mean illegal..
there's alot of things us peasants beleive(d) are illegal that just plain aren't...
after accumulating 5% or more of the OS of a stock you, or any individual become an insider, and must file appropriate paperwork, but there's absolutely no rules against forcing short squeezes that i know of...
forcing one is not nearly as easy as some people think tho.
having value in a company is usually needed...
the other issue is that the players that are short have have a reason to buy the shares to cover. like good news, or falling value in the colateral they put up.
in the last few years? the DTC/NSCC seemt to be much happier just chargoing interest on the shares they loaned out than they do calling in the loan...
-------------------- Of the People, by the People and For the People. Posts: 27748 | From: USA | Registered: Sep 2003
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posted
Glassman, yes, it is illegal. It is considered manipulation to do something to FORCE a short squeeze, like buying up the float and holding your shares for "unreasonable" prices. You can rty to create a short squeeze by, like you said, having real, tangible VALUE in a company (not that a pink sheet company would ever do something like that...).
I'll do my search again and find some examples. I think I just googled "illegal market manipulation and short squeeze".
i have some work to do, but I'll do it sometime today if no one else does it first.
-------------------- I'm back! Posts: 5445 | From: West Chester, PA | Registered: Jan 2006
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