posted
BKMP still isn't posted on Schwab.com yet. 1918276 is all I see where the ticker symbol belongs and I can't do anything about it. Schwab sucks monkey A$$!!!
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
*** NEWS OUT ****** NEWS OUT ****** NEWS OUT ****** NEWS OUT ***
Blackout Media Corp. Reconfirms Dividend Payment
By Market Wire Last Update: 1/11/2006 10:17:51 AM Data provided by
TORONTO, Jan 11, 2006 (MARKET WIRE via COMTEX) -- Blackout Media Corp. (BKMP), formally known as First Canadian American Holding Corporation (FCAHC) Board of Directors, would like to confirm that there have been no changes in the ex-dividend date, no cancellation of the dividend, no changes in the payment date of the dividend and no changes in the amount of the dividend.
I understand from shareholders of our company that various brokers have been telling shareholders that the dividend has been cancelled, or the ex-dividend date has been changed or other false and/or misleading information including the following posting which came from either a forum or a chat room or a message board, I am not sure where it came from, that was sent to me.
"Dear Client:
Thank you for your call.
I have confirmed that you will receive a 1:1 name change for your shares of FCDH. This means that you will have the same number of shares, but with the new symbol BKMP. Apparently the SNYY deal is no longer going forward. For additional detail, you may wish to contact the company directly via their investor relations department.
Hopefully this information was helpful to you, but please feel free to let us know if we can be of further assistance!
Sincerely,
Again, this information is totally false and extremely misleading and I want to assure our shareholders that the dividend is being paid as stated in previous press releases.
In addition some shareholders seem to be confused with the transfer agent of the company and of Suncrest Energy. They are different transfer agents and the dividend shares have come from the transfer agent for Suncrest being Holladay Stock Transfer in Scottsdale, AZ.
If you as our valued shareholders have more of this kind of information, please fax it to us at Blackout so that we can deal with appropriately and swiftly.
Finally, I have been getting many calls from shareholders wondering where their dividends are. The dividend shares have been sent to the Depository Trust Company in New York for distribution to the member firms who will, in turn, distribute them to the individual shareholders. The length of time for that entire process is up to the various companies handling the distribution and we have no way or knowing or any authority over this process.
About Blackout Media Corp.:
Blackout Media Corp. is a holding company with subsidiaries that conduct operations in areas of digital television, VOD, PPV, radio, the Internet and print. Blackout Media Corp. has offices in Toronto and New York. See www.blackoutmedia.com for more details.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
posted
Forget the divi's!!! Who cares? You can't trade them, so screw it!
-------------------- Do not boast about tomorrow, for you do not know what a day may bring forth -- Proverbs 27:1 Posts: 476 | From: East Texas | Registered: Dec 2005
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"The dividend shares have been sent to the Depository Trust Company in New York for distribution to the member firms who will, in turn, distribute them to the individual shareholders."
Posts: 484 | Registered: Jan 2005
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posted
Sold yesterday at .0011. Bought back yesterday at .001. Sold again today just now at .0011. Now I will retry and buy it back later on at a lower price. I made a nice profit even if I can not get back in. But with no news. We might see it drop some on little volume. I never thought I would get .0011 to sale today. Was very surprised to see it go thru.
Posts: 675 | Registered: Dec 2005
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quote:Originally posted by CD's Money: bug, I believe it is one year from the pay date. But someone else please confirm.
Rule 144: Selling Restricted and Control Securities
When you acquire restricted securities or hold control securities, you must find an exemption from the SEC's registration requirements to sell them in the marketplace. Rule 144 allows public resale of restricted and control securities if a number of conditions are met. This overview tells you what you need to know about selling your restricted or control securities. It also describes how to have a restrictive legend removed.
What Are Restricted and Control Securities? Restricted securities are securities acquired in unregistered, private sales from the issuer or from an affiliate of the issuer. Investors typically receive restricted securities through private placement offerings, Regulation D offerings, employee stock benefit plans, as compensation for professional services, or in exchange for providing "seed money" or start-up capital to the company. Rule 144(a)(3) identifies what sales produce restricted securities.
Control securities are those held by an affiliate of the issuing company. An affiliate is a person, such as a director or large shareholder, in a relationship of control with the issuer. Control means the power to direct the management and policies of the company in question, whether through the ownership of voting securities, by contract, or otherwise. If you buy securities from a controlling person or "affiliate," you take restricted securities, even if they were not restricted in the affiliate's hands.
If you acquire restricted securities, you almost always will receive a certificate stamped with a "restricted" legend. The legend indicates that the securities may not be resold in the marketplace unless they are registered with the SEC or are exempt from the registration requirements. The certificates of control securities are usually not stamped with a legend.
What Are the Conditions of Rule 144? If you want to sell your restricted or control securities to the public, you can follow the conditions set forth in Rule 144. The rule is not the exclusive means for selling restricted or control securities, but provides a "safe harbor" exemption to sellers. The rule's five conditions are summarized below:
Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year. The one-year period holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But an affiliate's resale is subject to the other conditions of the rule. Additional securities purchased from the issuer do not affect the holding period of previously purchased securities of the same class. If you purchased restricted securities from another non-affiliate, you can tack on that non-affiliate's holding period to your holding period. For gifts made by an affiliate, the holding period begins when the affiliate acquired the securities and not on the date of the gift. In the case of a stock option, such as one an employee receives, the holding period always begins as of the date the option is exercised and not the date it is granted.
Adequate Current Information. There must be adequate current information about the issuer of the securities before the sale can be made. This generally means the issuer has complied with the periodic reporting requirements of the Securities Exchange Act of 1934.
Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144. Over-the-counter stocks, including those quoted on the OTC Bulletin Board and the Pink Sheets, can only be sold using the 1% measurement.
Ordinary Brokerage Transactions. The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
Filing Notice With the SEC. At the time you place your order, you must file a notice with the SEC on Form 144 if the sale involves more than 500 shares or the aggregate dollar amount is greater than $10,000 in any three-month period. The sale must take place within three months of filing the Form and, if the securities have not been sold, you must file an amended notice.
If you are not an affiliate of the issuer and have held restricted securities for two years, you can sell them without regard to the above conditions.
Can the Securities Be Sold Publicly If the Conditions of Rule 144 Have Been Met? Even if you have met the conditions of Rule 144, you can't sell your restricted securities to the public until you've gotten the legend removed from the certificate. Only a transfer agent can remove a restrictive legend. But the transfer agent won't remove the legend unless you've obtained the consent of the issuer≈usually in the form of an opinion letter from the issuer's counsel≈that the restricted legend can be removed. Unless this happens, the transfer agent doesn't have the authority to remove the legend and execute the trade in the marketplace.
To begin the process, an investor should contact the company that issued the securities, or the transfer agent of the company's securities, to ask about the procedures for removing a legend. Since removing the legend can be a complicated process, if you're considering buying or selling a restricted security, it would be wise for you to consult an attorney who specializes in securities law.
What If a Dispute Arises Over Whether I Can Remove the Legend? If a dispute arises about whether a restricted legend can be removed, the SEC will not intervene. The removal of a legend is a matter solely in the discretion of the issuer of the securities. State law, not federal law, covers disputes about the removal of legends. Thus, the SEC will not take action in any decision or dispute about removing a restrictive legend.
posted
Originally posted by fishfarmer: You've seenem come you've seenem go, you can jump in and you can jump out but if this co. gets anywhere near its potential we will be trading this stock for a long long time. --------------------------------------------------------------------------------
"Read my lips"
-------------------- Buy when blood runs in the streets Posts: 1370 | From: lucedale ms usa | Registered: Dec 2004
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posted
Hurricane, I hope your snyy shares are worth a lot in a year.
quote:Originally posted by hurricanematt: [QUOTE]Originally posted by CD's Money: [qb] bug, I believe it is one year from the pay date. But someone else please confirm.
Rule 144: Selling Restricted and Control Securities
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
yea me to but more importantly those shares which will be in my account some time tommorow;will bring my account over $25,000 then i can make round trips all day long and not get labled as a patteren day trader. Ive already made a profit off this stock and got my orginal investment back,so now im playing with there money. That is the way it should always be! Ameritrade said "your share's on SNYY should post to your account sometime tommorow"
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
Hey hurricane... Are you sure the divi will count towards your $25,000 needed to daytrade? 100%?
Posts: 1031 | Registered: Sep 2005
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posted
yes Im 100% sure that restricted securities count towards your account value and they are considerd assits. correct me if im wrong
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
I'm on hold right now with E*Trade hurricane. If that is true I'm going to be quite happy. I just got hit TODAY with a margin restriction. They're actually checking because there is a chance that one of my daytrades wasn't technically a daytrade (it filled 1 buy twice and they counted both.) anyway, they're looking into that and if what you're saying is true i won't even have to worry about it. That would really be nice.
Posts: 1031 | Registered: Sep 2005
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posted
assets sorry for the spelling Accounting. The entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business. Assets can include cash, stock, inventories, property rights, and goodwill.
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
well that sounds like an error are you saying you put an order in for 10 shares and they gave you 20? Assets can include cash, stock, inventories, property rights, and goodwill
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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posted
what happened was i was in GZFX and i bought some on the 5th... I then sold a lot more than i bought. I think I chased it changing the limit sell price after a partial already went through. One person at Etrade said that it shouldn't count as 2 because a lot of that stock was bought the day prior. I honestly don't know what the deal is, but they're investigating it. Still on hold!
Posts: 1031 | Registered: Sep 2005
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posted
You still cant touch it for a year even if it shows up in your account. It may show up in your "Total account value", but not in "Funds available for trading."
Posts: 1178 | From: Mobile, AL | Registered: Aug 2005
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posted
All too true andrew, but it does lift a bunch of restrictions even if.. at least for now.. it's not real money. Am I right? I ain't the expert here.
Posts: 234 | Registered: Jan 2006
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posted
Information Memo New York Stock Exchange, Inc. Member Firm Regulation 20 Broad Street New York, NY 10005 Number 01-9 April 2, 2001 ATTENTION: CHIEF EXECUTIVE OFFICER, MANAGING PARTNERS, CREDIT AND MARGIN DEPARTMENTS, COMPLIANCE AND LEGAL DEPARTMENTS TO: MEMBERS AND MEMBER ORGANIZATIONS SUBJECT: AMENDMENTS TO RULE 431 ("MARGIN REQUIREMENTS") REGARDING "DAY TRADING" The Securities and Exchange Commission (“SEC”) has approved amendments to Exchange Rule 431 (“Margin Requirements”) (see Exhibit A) establishing new requirements to address the intraday risks associated with day trading in customer accounts.1 The amendments require that equity and maintenance margin be deposited and maintained in customer accounts that engage in a pattern of day trading in amounts sufficient to support the risks associated with such trading activities. Margin requirements will be based on a day trader's activities during the day, rather than on open securities positions at the end of the day. Additionally, the amendments prohibit the use of cross guarantees and early withdrawal of account equity as these practices do not require customers to demonstrate actual financial ability to engage in day trading. THE EFFECTIVE DATE FOR IMPLEMENTATION WILL BE AUGUST 27, 2001. The significant changes are summarized below: • The term "pattern day-trader" is defined as any customer who executes four or more day trades within five business days, provided the number of day-trades is more than 6% of the total trades in the account during that period. See Rule 431 (f)(8)(B)(ii). If the member organization knows, or has a reasonable basis to believe that a customer who seeks to open an account, or seeks to resume day trading in an existing account will engage in pattern day trading, then, the customer must immediately be considered a pattern day trader in lieu of waiting five business days. See Rule 431 (f)(8)(B) Supplementary Material .30. • The minimum equity requirement for pattern day traders is $25,000. See Rule 431 (f)(8)(B)(iv)(1). 1 See Securities Exchange Act Release No. 34-44009, dated February 27, 2001, approving SR-NYSE-99-47. 2 • The amendments redefine the term "day trading" to treat the sale of an existing position held from the previous day as a liquidation, and the subsequent repurchase of that position as the establishment of a new position not subject to day trading margin requirements. • Day trading margin requirements – For day trades in equity securities, the day trading margin requirement shall be 25 percent of either: (1) the cost of all day trades made during the day; or (2) the highest open position during the day. If a customer's day-trading margin requirement is to be calculated based on the highest open position during the day, the customer's member organization must maintain adequate "time and tick" records documenting the sequence in which each day trade is completed. "Time and tick" information provided by the customer is not acceptable. • Day trading buying power will be calculated based on the customer's account position as of the close of business on the previous day. The amendments limit day trading buying power to four times the day trader's maintenance margin excess. See Rule 431 (f)(8)(B)(iii). • Day trading margin calls – A pattern day trader exceeding his day trading buying power results in a special maintenance deficiency. Member organizations are required to issue a day-trading margin call to cover the amount of the deficiency. Pattern day traders have five business days to deposit funds to meet this day trading margin call. The day trading account is restricted to day trading buying power of two times maintenance margin excess based on the customer's daily total trading commitment, ["time and tick" can not be used during this period] beginning on the trading day after the day trading buying power is exceeded until the earlier of when the call is met or five business days. If the day trading margin call is not met by the fifth business day, the account must be further restricted to trading only on a cash available basis for 90 days or until the call is met. See Rule 431 (f)(8)(B)(iv)(2) & (3). • Pattern day traders will be prohibited from utilizing cross guarantees to meet day trading margin calls or to meet minimum equity requirements. See Rule 431 (f)(8)(B)(iv)(4). • Deposits of funds to meet minimum equity requirements or to meet day trading margin calls must remain in the customer's account and cannot be withdrawn for two business days. See Rule 431 (f)(8)(B)(5). Inquiries regarding these amendments should be directed to Albert Lucks (212) 656-5782 or Patrice Vellecca (212) 656-2784. ___________________________ Salvatore Pallante Executive Vice President Attachments
Posts: 722 | From: Asheville, NC | Registered: Dec 2005
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