posted
cool Tex... kinda like a chain of command eh?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
What if the chain consists of being a beligerent a**hole? Should I refrain from sending those to everyone?
quote:Originally posted by T e x:
quote:Originally posted by SherriT: OK folks...we tried this with CSHD, and it at least brought some attention on it. Anyone for writing letters to Congressmen and Senators? We have a leg to stand on here....
Sherri, I think to document everything, be best to "follow the trail," ie, get a written response from broker(s), then whomever they mention, if any, then from NASD, and so on...Then you have a record of being polite, going through the proper steps, etc... make sense?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Let me see if I am getting this straight, the BCIT share holders are being sued by the CEO over the issuance of counterfeight shares? WTF. I didn't read the whole story so correct me if I missed something.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
| IP: Logged |
quote:Originally posted by PCola77: What if the chain consists of being a beligerent a**hole? Should I refrain from sending those to everyone?
quote:Originally posted by T e x:
quote:Originally posted by SherriT: OK folks...we tried this with CSHD, and it at least brought some attention on it. Anyone for writing letters to Congressmen and Senators? We have a leg to stand on here....
Sherri, I think to document everything, be best to "follow the trail," ie, get a written response from broker(s), then whomever they mention, if any, then from NASD, and so on...Then you have a record of being polite, going through the proper steps, etc... make sense?
LOL - I'm not saying to be beligerent...yet. I'm doing the polite way and have attempted to work up the chain of command. I think we have two different fights going here. Those who still have shares and those who don't. IMHO, those who sold should have their trades settled and be done with the BHUB mess. I've said it many times....if it traded at all, you have an expectation of that trade settling. The shares, bogus or not, were traded....if the SEC or whomever didn't halt it before, they have no standing to hold our money hostage. There is absolutely no reason they can't settle the trades prior to the halt and THEN untangle the real shares vs. bogus shares, who to blame, et al.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
posted
Sherri, i agree completely. Think about it this way, if the trade doesn't get settled, the what happens? Whoever bought our shares gets their money back? that would be ridiculous. It would be the first time I've ever heard of someone getting a "do-over" in the stock market because something didn't turn out well.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Not sure if this is comforting or disconcerting:
"This is the first time we have seen this happen and it does not make sense why the funds are not given back even though the position was sold before the halt. Please bear with us"
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
quote:Originally posted by PCola77: Not sure if this is comforting or disconcerting:
"This is the first time we have seen this happen and it does not make sense why the funds are not given back even though the position was sold before the halt. Please bear with us"
I vote comforting...was that from ChoiceTrade?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
My e-mail to them was "> I understand that you're probably getting crushed with concerns about > this, but here is my question. I think the answer is obvious, and the > solution should be as well. > > I sold my stock. That means that someone else bought it. If there is an > issue with clearing, and somehow it is determined that I do NOT get my > money back, where does that money go? Is the person on the other end of > the transaction just lucky in that their stock got halted but THEY get > their money back, while mine vanishes into thin air? I've never seen a > case where someone has lost money in the market only to see a third party > come in and say "You know what, you shouldn't have bought that stock, > we'll give you your money back and let you have a do over." I think you'd > have to agree that that would NEVER happen. > > In other words, all transaction that occurred before the stock was halted > HAVE to go through, if there is an issue with the shares that are out > there, I don't see how it applies to me at all, since I don't OWN shares > anymore."
quote:Originally posted by SherriT:
quote:Originally posted by PCola77: Not sure if this is comforting or disconcerting:
"This is the first time we have seen this happen and it does not make sense why the funds are not given back even though the position was sold before the halt. Please bear with us"
I vote comforting...was that from ChoiceTrade?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
| IP: Logged |
posted
Allright, Just got off the phone with Darrell Peterson. In the middle of organizing questions and answers- sorry, had to short hand. Gimme a minute.
My e-mail to them was "> I understand that you're probably getting crushed with concerns about > this, but here is my question. I think the answer is obvious, and the > solution should be as well. > > I sold my stock. That means that someone else bought it. If there is an > issue with clearing, and somehow it is determined that I do NOT get my > money back, where does that money go? Is the person on the other end of > the transaction just lucky in that their stock got halted but THEY get > their money back, while mine vanishes into thin air? I've never seen a > case where someone has lost money in the market only to see a third party > come in and say "You know what, you shouldn't have bought that stock, > we'll give you your money back and let you have a do over." I think you'd > have to agree that that would NEVER happen. > > In other words, all transaction that occurred before the stock was halted > HAVE to go through, if there is an issue with the shares that are out > there, I don't see how it applies to me at all, since I don't OWN shares > anymore."
quote:Originally posted by SherriT:
quote:Originally posted by PCola77: Not sure if this is comforting or disconcerting:
"This is the first time we have seen this happen and it does not make sense why the funds are not given back even though the position was sold before the halt. Please bear with us"
I vote comforting...was that from ChoiceTrade?
good work...sounds like more progress to me
by the way, guys...you may have mentioned this already, but be sure to print all correspondence, etc, just in case...
posted
Must of been a 'ell of a long conversation, or your having a hard time reading your short hand, lol. WHats the scoop zero.
quote:Originally posted by ZeroCool: Allright, Just got off the phone with Darrell Peterson. In the middle of organizing questions and answers- sorry, had to short hand. Gimme a minute.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
| IP: Logged |
posted
Maybe he has the same problem as PC? quote: -------------------------------------------------------------------------------- Originally posted by PCola77: I'm illiterate. Can you write it for me, and I'll sign an "X" at the bottom?
J/K Zero...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
posted
I spoke with Mr. Peterson for about a half hour- I didn't address him in a Q&A fashion, rather like a good ole' neighbor.(I have condo's in his city) Let me start by saying- he is a very likeable guy, very laid back.
1) He is pursuing in Florida Federal District Court. 2)He will meet Monday with his attorney, and the SEC attorney in Ft. Lauderdale for a strategy meeting.(wouldn't elaborate) 3)He could not really have the "fakes" court ordered "cancelled", QOUTE; "b'cause they have not determined who would be responsible for the buy-in, and did not want to drag this out like BCIT." 4)Reason for transferring "right to sue" to TELA--"we want this to be trading again, as soon as possible". Also, Bhub was dormant, with no attention really, until March. ...now we are getting over 500,000 hits daily.(not sure if he was talking about his website or IHub?) Which has brought alot of attention to Bhub- but before they were ready to pursue Bhub at the end of the year. Therefore deciding to capitalize on BHUB's new public conciousness.
Mr. Peterson also elaborated the following; only one or two million shares traded a month- if that- prior to March 8th. From there, Mr. Peterson, checked out IHUB, noticed a post--"Bhub, hot deal towards end of March" He contacted the poster as a "shareholder" to ask him about it- which lead him to Cyberhand.(I won't post person's name at Ihub, but will PM those who want it) He then contacted Select American Transfer to get a list of shares issued, after receiving that list- "accidently"- from an employee, the same employee told him "she got in trouble for giving it to him" to which he replied, "the transfer agent had already agreed to deliver it within a couple days" That did not sit right with him.
He also explained- a Mr. Reals(spelling??) had called him posing as an investor- and would not comment on the conversation- but Mr. Peterson was already aware of who Mr. Reals was.LOL
Currently, Mr. Peterson believes SAT is party to the fraud- and through his investigation- has identified "34" companies involved in this scam. Stating- "our first priority is discovering the initial co. that brought the shares into the market". Unfortunately- ..."there are many alias' associated with this crime". As for criminal and Sec violations- "we believe they have violated the Patriot Act, Reg D, S-1, etc. Asked what he would like to say to shareholder's on allstocks bb- "Please be patient, hopfully we won't do anything wrong, while we proceed methodically toward a resolution"
Well, that's all the pertinent infofrom our conversation. I would like to say- Mr. Peterson comes across very level headed and determined. And by his own word's- "I don't like the lime-light, just give me my pay check"
quote:Originally posted by 10of13: Maybe he has the same problem as PC? quote: -------------------------------------------------------------------------------- Originally posted by PCola77: I'm illiterate. Can you write it for me, and I'll sign an "X" at the bottom?
quote:Originally posted by IMAKEMONEY: GUTTER BALL!
How so? I wasn't expecting anything that would scream "HOT NEWS HERE" Were you?
My whole objective in speaking to him- was to find out why they wouldn't force a buy-in. And I am totally excited about his answer. The rest is just more copy for the BHUB tale.
posted
<-------*making whipping noises* LMAO, I've been there Zero, gotta keep them happy. Remember, there are 5 rules when finding a girl friend/ fiance. Rule #1 Find a woman who's company enjoy and you share mutual activities.
Rule #2 Find a woman who knows how to cook a great meal and enjoys doing so.
Rule #3 Find a woman who can keep a clean household and enloys doing so.
Rule #4 Find a woman who enjoys sex with you on a regular, frequent basis.
Rule #5 This is the most important rule. Make sure these 4 women never meet.
ROTFLMAO
quote:Originally posted by ZeroCool:
quote:Originally posted by 10of13: Maybe he has the same problem as PC? quote: -------------------------------------------------------------------------------- Originally posted by PCola77: I'm illiterate. Can you write it for me, and I'll sign an "X" at the bottom?
quote:Originally posted by cottonjim: <-------*making whipping noises* LMAO, I've been there Zero, gotta keep them happy. Remember, there are 5 rules when finding a girl friend/ fiance. Rule #1 Find a woman who's company enjoy and you share mutual activities.
Rule #2 Find a woman who knows how to cook a great meal and enjoys doing so.
Rule #3 Find a woman who can keep a clean household and enloys doing so.
Rule #4 Find a woman who enjoys sex with you on a regular, frequent basis.
Rule #5 This is the most important rule. Make sure these 4 women never meet.
ROTFLMAO
quote:Originally posted by ZeroCool:
quote:Originally posted by 10of13: Maybe he has the same problem as PC? quote: -------------------------------------------------------------------------------- Originally posted by PCola77: I'm illiterate. Can you write it for me, and I'll sign an "X" at the bottom?
quote:Originally posted by cottonjim: <-------*making whipping noises* LMAO, I've been there Zero, gotta keep them happy. Remember, there are 5 rules when finding a girl friend/ fiance. Rule #1 Find a woman who's company enjoy and you share mutual activities.
Rule #2 Find a woman who knows how to cook a great meal and enjoys doing so.
Rule #3 Find a woman who can keep a clean household and enloys doing so.
Rule #4 Find a woman who enjoys sex with you on a regular, frequent basis.
Rule #5 This is the most important rule. Make sure these 4 women never meet.
ROTFLMAO
quote:Originally posted by ZeroCool:
quote:Originally posted by 10of13: Maybe he has the same problem as PC? quote: -------------------------------------------------------------------------------- Originally posted by PCola77: I'm illiterate. Can you write it for me, and I'll sign an "X" at the bottom?
Sad thing is? Very true - could compose something similar for husbands as well. You forgot #5 - find a woman who enjoys the working world and can bring home the bacon as well (or better) than you can
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
quote:Originally posted by Jenna: Zero- thanks for making that call!!! It takes guts to get involved like that & then post the info....5 stars for you sir!!!
Jenna-- thanks for the compliment, but i probably wouldn't use the word "guts"- more like the word "I got 5m free rider's, and I'm trying to figure out my play so I don't throw a "gutter ball"(Imake Slang.lol)"...or some other word that means the same thing. LOL
posted
Also,I just remembered something that I didn't write down; Mr. Peterson stated that; "before all of this happened, I didn't have anything to do with TELA". Which would deny my earlier posts of skepticm, and "smells fishy" comments- I apologize to all who gave those comments weight.
I would like to say- I have high confidence in Darrell Peterson, regardless of the outcome- I feel he is honestly concerned about BHUB and it's shareholder's.
That being said- anybody have an opinion on the seperation of shares BHUB/TELA?
posted
very interesting Zero. Surprised about the disconnect with TELA. doesn't canx the possibility of following through with the PR share buy out but raises an eyebrow. you want normal low risk your in the wrong place that's for sure. not directed at you Zero - just had to get it off my brain. i still can't rule out bhub themselves had something to do with this whole mess. I was remembering as a kid sitting around the campfire sharing wild stories, possibly this story was shared in a similar setting and someone figured out how to make it happen.
Thanks for sharing your conversation. If it works out and BHUB can move forward and make a company out of this, great for all. Just being able to have the option to get out and move on would be great also. we'll see.
Don't forget the big question - where did the ADVANCED GROWING SYSTEMS, INC come from.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
quote:4)Reason for transferring "right to sue" to TELA--"we want this to be trading again, as soon as possible". Also, Bhub was dormant, with no attention really, until March. ...now we are getting over 500,000 hits daily.(not sure if he was talking about his website or IHub?) Which has brought alot of attention to Bhub- but before they were ready to pursue Bhub at the end of the year. Therefore deciding to capitalize on BHUB's new public conciousness.
yup, that's the thinking, and pretty much what you were asking me about when we got our wires crossed. To get BHUB trading again, supposedly CEO was advised that an MM would have a tough go getting form 211 accepted as long the unreg shares are not cleared up. Supposedly, TELA is a clean, reporting BB (I hedge here not to insinuate anything negative, but because I have not checked that out myself) and so has more options.
The TA in question is most likely under severe scrutiny--last I knew (I think I posted this ???) ihub has a BHUB-"spin-off" thread devoted solely to Select American.
Boo? not ruling out company involvment is wise, imo--multiple working hypotheses: Who's to say "Sparrow/Wong" weren't hatched within Yucatan? That being said, Select American has some pretty heavy circumstantial evidence against them...
posted
Boo? not ruling out company involvment is wise, imo--multiple working hypotheses: Who's to say "Sparrow/Wong" weren't hatched within Yucatan? That being said, Select American has some pretty heavy circumstantial evidence against them... [/QB][/QUOTE]
Tex- I want the answer to that also, I just didn't know any clever questions to ask without alienating Darrell.LOL I do however believe-- this could probably not have been accomplished without some inside knowledge. Just a conspiracy theory...but at this point- it's just another to add to the list.LOL
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
| IP: Logged |
posted
Well, I just got another e-mail from ChoiceTrade that indicates no time frame at all for resolution. Time for the letters to congressmen and senators...here is mine (and I am including a copy of the most recent e-mail):
************************************************** Dear Honorable Senator Blah Blah Blah:
Sir, I hope this letter finds you well. I wanted to contact you regarding a securities issue that is affecting many citizens across the country. BigHub.com (BHUB) has been the victim of fraud in that an unrelated party (including but not limited to Select American Transfer) filed papers which effectively introduced fraudulent shares into the market. In doing so, trading occurred for several days on these shares, and the result has been a trading halt which went into effect on Thursday, April 12, 2007.
While I sympathize with those investors left holding worthless shares, my concern is related to the settlement of trades which occurred in the days just before the halt. Upon opening my brokerage account on the morning of Monday, April 16, 2007, I discovered that my account was missing over one thousand dollars. Naturally, I contacted the broker to correct the mistake. At that time, I learned that Penson Financial Services was unable to settle the trades that occurred on Wednesday, April 11, 2007, due to a global lock placed on the security by the DTC, Depository Trust Company.
I understand that crimes of this nature often take some time to straighten out, however, in my opinion, if the security was traded at all, those trades have to be settled in the appropriate time frame of three business days. At this moment, I have neither the cash nor the shares showing in my account. The shares were sold, implying another individual or entity bought them, and as such, I am entitled to the proceeds of that transaction. The fact that my broker (ChoiceTrade) cannot credit my funds is preventing me from doing any further trading using that capital, which I use to generate income for my family, and it also caused me to liquidate other securities which I bought with the BHUB proceeds prior to the settlement.
In short, my complaint is simply that there should be a rule in place, if not already, that prevents a lock on settlement of trades. Any assistance you can provide in the form of legislation to protect future victims, or pressure that can be brought to bear upon the DTC to settle those trades occurring prior to the halt would be most appreciated. For your reference, I am enclosing the latest e-mail I have received from ChoiceTrade regarding this issue.
Sincerely,
Me
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
![[Roll Eyes]](rolleyes.gif)
![[Eek!]](eek.gif)
![[Cool]](cool.gif)
![[Wink]](wink.gif)
