posted
got this in email this morn , looks like he is saying the new shares are resricted.
Shareholders,
Our Board of Directors has provided a resolution, that was drafted by our securities counsel, to NATCo.. The resolution characterizes the recent corporate action as a split and not a dividend. I have heard many opinions that the difference is restriction status.
I know that certificate holders who called me were grateful, hopeful, and believe firmly in Qbit's future.
I know that account holders who understand and love our Company were content to wait for credit in their account or ask their brokers to send them the extra shares in certificate form.
I know that traders and recent sellers were almost hostile or at least straining to resist enraging. At least when they called me.
Our Transfer Agent, who is also our resident agent for the State of Nevada, has the Board Resolutions that characterizes the transaction as a split. NATCo will then act regarding all Shares issued with the responsibilities that they have. This will thus effect DTC which will thereafter effect brokerages and finally the account holders.
For those Shareholders that continue to believe and support what Qbit is all about......thank you. For the majority of you, thank you for the polite calls of encouragement and support.
I suppose these will be the days when Qbit stayed the course and pushed our projects and company through. The days when you got a lot of stock for your money......
posted
226.019.404 M traded from sept 1 to sept 8. Question: How many share's sold for a 100 to 400% profit ??? If F/S split share's are restricted and sold on the open market than I suppose.................. another PAIV is born. GLTA on Monday.
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Today’s Price Performance as of 9:30am EDT, 9/11/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0024 Last Price 0.0001 -4.00% Today’s Change $0.0024 Today’s Open 20,000 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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posted
Today’s Price Performance as of 11:57am EDT, 9/11/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0031 Last Price 0.0006 +24.00% Today’s Change $0.0024 Today’s Open 14,154,900 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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posted
nice BLACKBEARD and np. I got out mostly at .003-.004 i was in at like .0007-.0008 so i mean i was happy but i kept a few(very few ) just incase if something like this was going to happen so i am still holding and its nice to watch it climb
-------------------- please dont trade stocks on my alerts, do your dd first.
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The split shares were distributed as free trading common shares as indicated by all sources, NASD, DTC, etc. We have now been advised that the spilt shares will be 144A restricted securities and as such will not be free trading. We have reversed out any account that received the split shares. Please check your customer accounts and cover any positions that need to be covered
this is going to be HUGE!! i just added 200000 shares at .0085
-------------------- please dont trade stocks on my alerts, do your dd first.
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posted
starting to move i think its on this that just bacame noticed:
RE: QBIT SHORT email from Pension...
The split shares were distributed as free trading common shares as indicated by all sources, NASD, DTC, etc. We have now been advised that the spilt shares will be 144A restricted securities and as such will not be free trading. We have reversed out any account that received the split shares. Please check your customer accounts and cover any positions that need to be covered
-------------------- please dont trade stocks on my alerts, do your dd first.
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posted
sherri OLICO is a good guy he is one of the most reputited IHUBER out there he is good i have never caught him lying or fabricating so i am like 99% sure its true
-------------------- please dont trade stocks on my alerts, do your dd first.
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posted
This is the situation why QBIT is moving so hard: We have now been advised that the spilt shares will be 144A restricted securities and as such will not be free trading. We have reversed out any account that received the split shares. Please check your customer accounts and cover any positions that need to be covered from Penson broker
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posted
i think it jus means that people who had shares before this split happened werent allowed to sell there shares cause they were restricted but they still sold them and now have to rebuy them. word on the street is so far 50mil+ restricted shares were sold and have to be covered
quote:Originally posted by skip: so, does that mean choicetrade is not allowing trading on this right now? I know that Penson is their bank...
-------------------- please dont trade stocks on my alerts, do your dd first.
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Posted by: i_like_bb_stock In reply to: penny_ta who wrote msg# 740125 Date:9/14/2006 12:48:48 PM Post #of 740134
QBIT its called high level consolidation 008-01 very tight, break 01 next leg cometh just a maater of waiting for it any strong stock goes thru this phase.
-------------------- please dont trade stocks on my alerts, do your dd first.
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![[Big Grin]](biggrin.gif)
![[Frown]](frown.gif)
) just incase if something like this was going to happen ![[Smile]](smile.gif)
so i am still holding and its nice to watch it climb
