posted
IMO, nobody wants to sell at a large loss, that's why it isnt trading. What we need is a PR from the company, or someone to contact them and ask whether they are going to continue as an entity. It isnt right that the company says nothing at all and the stock just sits there. Nothing will happen until there is some kind of news, be it bad or good.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
i tried to by at .ooo1 just to see if trading. scottrade said trading was not available on this stock
Posts: 370 | Registered: Jul 2005
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quote:Originally posted by doubleS: i tried to by at .ooo1 just to see if trading. scottrade said trading was not available on this stock
For what ever reason that happens with some brokers... the symbols does not get updated or ...... ? It also happens when the symbol changed because of R/S or "E" for non filing on time.
I believe you will be able to trade it tomorrow
Posts: 5120 | Registered: Jun 2004
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posted
scottrade still not tking orders, what price due show on ameritrade.......... scotttrade showing price at .oo5... bid at .0016 ask at .oo3
Posts: 370 | Registered: Jul 2005
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quote:Originally posted by fishfarmer: WOW!!!!!!! Explain this to an old fishfarmer/crapshooter George. I thought the market makers set the bid and ask.
MM's set the price based on what people are willing to buy or sell for. They take your order and submit it. You can set your sell or buy price at what ever you want. I MM then list it.
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
there are currently no market makers listing level 2 quotes for this stock, real time level 2`s are totaly blank. they may not yet have received SEC permission to rusume listing quotes. if you use ameritrade try selling at 005 and count your lucky stars if you get filled!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Wow! I went to lunch feeling depressed and what a surprise coming back.
Can someone help me? What I don't understand is I had put a sell order at a price below this one and it didn't trade. Still hasn't. Nobody wanted to buy below the PPS?
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
market makers cant trades shares to the public unless they issue bid / ask quotes, either market makers are moving shares between themselves or the company is buying shares to prop up the price. this would be leagle ( maybe ) but unethicle ( definately ). until market makers begin issuing L2 quotes no one here will be able to buy or sell shares.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Buy now at .0001 if you can get in. I have an order in close to that because you probably cannot buy that low. I'm giving it a try because this is only going to be back up from here no doubt.
-------------------- -SUBBYWRX- Key to success -> Buy low sell high. Don't chase! Posts: 182 | From: New Jersey | Registered: Apr 2005
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posted
Anyone can explain all this movement from 0.0001 to 0.005 then to 0.0001 again?
As for me, my order didn't go through.
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
Come on sub....sure you can buy at .0001 and it could stay there until the comapny goes under also...or it could be like CMKX for the next 100 years...There is no way to tell if it will ever go up. If that were the case there are a lot of stocks at .0001....so what is your real agenda?
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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posted
Madmoney, you're telling me they don't issue L2 quotes?
Then why it the stock moving like it does?
What does it ment when they do that? Is it a good/bad sign or nothing...
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
I do not realy know what these trades are about, I do know that there are no market makers listing level 2 quotes on this so far today, SEC regs state MM`s must issue public quotes to trade shares on the public market so you will not be able to buy or sell this stock until that happens. it is possible and likely market makers are waiting for the SEC to inform them that they are free to resume issuing quotes on this. this should have happened this morning. this delay is unusual. good luck on this.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
from the SEC web site, this may help explain why there is no trading yet, please read carefully-------------------------------------------------------------------------------------------------------Trading Suspensions! When the SEC Suspends Trading in a Stock The federal securities laws allow the SEC to suspend trading in any stock for up to ten trading days. This document answers some of the typical questions we receive from investors about trading suspensions.
When can the SEC suspend a stock from trading? When it serves the public interest and will protect investors, the SEC may suspend trading. For instance, the SEC may act when public information about a company is not current, accurate, or adequate. The SEC has acted when serious questions arose about a company's assets, operations, or other financial information.
Why couldn't the SEC forewarn me that it was about to suspend trading before I bought the security in the first place? The SEC cannot announce that it's working on a suspension. We conduct this work confidentially to maintain our effectiveness and to guard against the destruction of evidence if our work becomes widely known. Confidentiality also protects a company and its shareholders if the SEC ultimately decides not to issue a trading suspension. Mindful of the seriousness of suspensions, the SEC moves as quickly as possible when it considers a trading suspension.
What happens when the ten-day suspension period ends? Will the SEC issue a statement about the status of the company after the suspension has ended? No. The SEC will not comment publicly on the status of a company when the ten-day suspension ends because the company may still have serious legal problems. For instance, the SEC may continue to investigate a company to determine whether it has defrauded investors. The public will not know if the SEC is continuing its investigation until the SEC publicly announces an enforcement action against the company.
Will trading automatically resume after ten days? It depends on the market where the stock trades. Different rules apply in different markets.
For stocks that trade in the OTC or the over-the-counter market, trading does not automatically resume when a suspension ends. (The OTC market includes the Bulletin Board and the Pink Sheets.) Before trading can resume for OTC stocks, SEC regulations require a broker-dealer to review information about a company before publishing a quote. If a broker-dealer does not have confidence that a company's financial statements are current and accurate, especially in light of the questions raised by the SEC, then a broker-dealer may not publish a quote for the company's stock.
In contrast to OTC stocks, stocks that trade on an exchange or Nasdaq resume trading as soon as an SEC suspension ends.
If the suspended stock resumes trading, why is it trading at a much lower price? The trading suspension may raise serious questions and cast doubts about the company in the minds of investors. While some investors may be willing to buy the company's stock, they will do so only at significantly lower prices.
Why would the SEC take such action when it knows it will hurt current shareholders? Because a suspension often causes a dramatic decline in the price of the security, the SEC suspends trading only when it believes the public may be making investment decisions based on false or misleading information. Suspensions give notice to current and potential investors that we have serious concerns about a company. A suspension may prevent potential investors from being victimized by a fraud.
How can I find out if the stock will trade again after a suspension? You can contact the broker-dealer who sold you the stock or a broker-dealer who quoted the stock before the suspension. Ask the broker-dealer if it intends to resume publishing a quote in the company's stock.
If there is no market to sell my security, what can I do with my shares? If there is no market to trade the shares, they may be worthless. You may want to contact your financial or tax adviser to determine how to treat such a loss on your tax return.
What can I do if the company acted wrongfully and I have lost money? To get your money back, you will need to consider taking legal action on your own. The SEC cannot act as your lawyer. You must continue to pursue all of your legal remedies. For more information about how to protect your legal rights, including finding a lawyer who specializes in securities laws, read our flyer, How the SEC Handles Your Complaint or Inquiry.
To learn how to file an arbitration action against a broker-dealer, you can contact the Director of Arbitration at NASD or the New York Stock Exchange. NASD and the NYSE also offer mediation as an option before going to arbitration.
Where can I get information about trading suspensions? You can find a list of companies whose stocks have been suspended by the SEC since October 1995 on our Web site.
How can I learn more? We offer educational materials so that you can understand how the securities industry works and how you can avoid costly mistakes and fraud. Our educational materials also provide tips on how you can invest wisely. You can order our free publications by calling (800) SEC-0330, or read them on our Web site. For specific information about the risks of investing in low-priced stocks, see our publication, Microcap Stock: A Guide for Investors.
posted
If I read this well, it means brokers have to review company information before giving quotes. Good or bad, well difficult to know.
I'm at the office tight now and can't make long distance calls. Did somebody contacted GRYF IR at (250)320-8891 to try to find out something?
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
When I talked to my broker, he didn't have any quote. But that was an hour ago or so. You just talked to her?
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
JIF -- (Now that we know that it was a misunderstanding,) please explain this statement, what do we KNOW? do you have an inside veiw of the results of the SEC investigation? it appears that even the market makers have not decided whats going on yet, maybe you should call the MM`s and tell them (it`s all a misunderstanding so you can start trading again! ) but i think they will wait and see what the SEC says first.
Posts: 2503 | From: connecticut | Registered: Mar 2005
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