quote:Originally posted by St. Matthew: I spoke with my Scottrade representative again today. Her name is Andrea 972-788-2337. She says that when I called her a couple of weeks ago (about this issue) she made some phone calls to the powers that be. She says that they assured her that:
1) Scottrade does not sell shares short on stocks that are under $5.00. Says it's impossible.
2) Scottrade does not sells shares short on cash accounts.
3) Scottrade does not sell naked shares...period.
4. The shares that are in my account are indeed my shares.
5. I will not have a problem selling my shares (electronically) at any time...even if the price goes up to $100-200 per share.
6. In order to sell my shares once I order certs, I would have to re-deposit them and wait 2-3 days.
7. Scottarde does not have a MM that works for them. The trades are issued electronically and various MMs complete the transaction.
8. If the MM is selling naked shares, it's his/her responsibility to cover.
9. It's impossible for me to have been sold naked shares, because they would have known it upon the settlement date (3 days later).
I did tell her that if there was any funny business going on with Scottrade and the naked shorting, they (the powers that be) would not tell her.
I did ask her to gaurantee that I would not have any problem selling my shares at any time, and she said "No, you will not have any problem".
I do think that Scottrade might not be in as deep as AMTD because you can still buy shares of CSHD.
I did notice a little stress in her voice when discussing this...don't want to read too much into it (she might just be tired of dealing with this).
quote:Originally posted by Doniboy: No offense guys, but when you say "only get $15 from Rufus" I cringe a little. Remember not to get too greedy. Getting $15 for a stock that is trading for $2.45 right now is a HUGE deal. Everyone needs to have an exit strategy in mind, even if you plan to be invested for a long time you have to ask yourself what your goal is and then keep it. Sure your goals can change, but make sure that those changes are based on DD and not Wishful thinking. We all want to make a million dollars in a day, the real question is: what would we accept.
If you find yourself multiplying your number of shares by $54, $78, $124, over and over it makes $15 a share look miniscule by comparison. Believe me..going from $2.45 - $15 is a rare and wonderful occurance. Take what you can get!!
It's the DD that's making me think long... We still have 3 Bonds not even on the 8k, one of them is 5 BILLION EURO's (6.3 Billion US)!!!, on top of that Rufus said their are MORE then that coming out on the 10k, then... look at the suds.
$15 right now would be a deal, throw the other 3 bonds that we already looked at on there and it is a steal! Throw more deals on there PLUS Institutional buyers like the ones PR'd...
"BOOM"
Rufus and Ben stated very early on that long term (year/2) they saw $100-200 range. I think they might be right.
There aren't that many shares out there, 110 million (not including FTD's). Trade and do whatever you want, but Rufus is filing these deals with the SEC, in black and white, and he's inviting investors over to his horse ranch where his family can be seen. We found ties to the Republican party...
I think Rufus is on the level and this thing is going to take flight, with or without us.
I've been here from the beginning, and that is my take on it. Even people who want to flip out, I would leave some shares sit, forget about them, and see where they go in a year, or two, or 10 years time! OMG what a huge play even a 100 shares might be in 10 years!
Just things to keep in mind.....
Do what you will
why did rufas mention that there were only 37 mil. shares last night??
I BELIEVE...... 110 is all what Rufus mentioned was the float...
quote:Originally posted by sugarsmack: chart, i don't have that many shares but if this thing turns into $100, it will still be worth protecting in the long run. maybe i am freaking out a little bit here, but if there is any chance of scotty or any online discount going b/r, i don't want to get caught with my pants down. any thoughts?
Knowledge is power, understand WHERE you and the stock are now "then" make a choice...
Click the video below "The BIG PICTURE" then you'll be able to understand, and make a informed choice.
quote:Originally posted by glassman: tex says: although, as *I* understand it, the halt this CEO promises is atypical...
the shorts appear on the market? and somebody buys them....
WHY?
i have no friggin idear.....
that link you posted earlier about Zachary and his buddy hedgie folk i think could lend to an explanation...i'm of the opinion someone unrelated to Rufie & Co. got a wif of this and sold short ginormous amounts...then...the hedgie behind rufus(or simply a rival hedgie) started buying those shorts as they were being sold off...
now we are seeing the two battle it out...kinda like two street dogs fighting over a ribeye...
and if that isn't true...it'd make a decent dime novel...
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quote:Originally posted by St. Matthew: I spoke with my Scottrade representative again today. Her name is Andrea 972-788-2337. She says that when I called her a couple of weeks ago (about this issue) she made some phone calls to the powers that be. She says that they assured her that:
1) Scottrade does not sell shares short on stocks that are under $5.00. Says it's impossible.
2) Scottrade does not sell shares short on cash accounts.
3) Scottrade does not sell naked shares...period.
4. The shares that are in my account are indeed my shares.
5. I will not have a problem selling my shares (electronically) at any time...even if the price goes up to $100-200 per share.
6. In order to sell my shares once I order certs, I would have to re-deposit them and wait 2-3 days.
7. Scottarde does not have a MM that works for them. The trades are issued electronically and various MMs complete the transaction.
8. If the MM is selling naked shares, it's his/her responsibility to cover.
9. It's impossible for me to have been sold naked shares, because they would have known it upon the settlement date (3 days later).
I did tell her that if there was any funny business going on with Scottrade and the naked shorting, they (the powers that be) would not tell her.
I did ask her to guarantee that I would not have any problem selling my shares at any time, and she said "No, you will not have any problem".
I do think that Scottrade might not be in as deep as AMTD because you can still buy shares of CSHD.
I did notice a little stress in her voice when discussing this...don't want to read too much into it (she might just be tired of dealing with this).
posted
FYI... I had to pay a fee of $75 to get my cert from ChoiceTrade, you also have to email them to authorize the transaction. They were very helpful and said it should take 2-4 weeks for me to recieve my cert from the TA...GLTA
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
I just got off the phone with a transfer-agent who was very pissed off at TDAmeritrade. NOT the transfer agent for CSHD, but one for PAVC. I was asking about my shares from the recent reverse split and when I told him my shares were with TDAmeritrade, he got kind of angry.
It is relevant to this thread because this gentleman claims that Ameritrade was also shorting JPHC/PAIV/PAVC and held up the requests for transfer of shares since May when PAIV was JPHC. He said they didn't do anything with them until September, even though the merger was in May. Now they are backlogged with over thousands of "packages" that need to be dealt with.
Certs or no certs, if I had my CSHD stock with TDAmeritrade, I'd seriously think about moving it somewhere else prior to the reset. Otherwise, who knows how long your shares will be in limbo.
TDAmeritrade seems to be getting a bad rep.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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posted
Highlights from the SubPennyRadio interview.
1. All the information is in the 8KA and other documents already filed by CSHD. 10K will also have a few new deals the company has negotiated.
2. Must have stock in your name not street name to be assured of the stock being real and not fake shares.
3. The board of directors have voted to set aside 900M dollars to buy back shares if they don't like the direction the market is taking up to $35 per share. THis will apply to shareholders that are on file with the TA.
4. They have already begun to make this a real time corporation. Meaning that investors will be given a logon and can track the financial health of the company at all times.
5. They are going to do something that has never been done before to elimante shorts. Did not give details.
6. Has been contacted by the SEC with questions reagrding his posting on bulletin boards and the bonds with Humanitarian Foundation. Said it was not an investigation just informal questions.
7. Made allegations against several "bashers", JJ, Tim from PQL research, Demi from I HUB and a few others. (My understanding was this was based on info from other people posting not research by the comming)
8. Mike Alexander is still involved. Let slip that he was working on a big deal. No specifics.
9. Stated that all dealing of the company are filed with the Georgia courts and therefore public record.
10. This didn't start out as a short squeeze but the market has forced their hand. They knew they would have to deal with it but the timeline advanced.
11. Waiting on a document from the Government that they should get by 5pm Thursday once they have that document the 10K will be filed. Did not say when but that it would be filed within compliance with the SEC.
12. Talked about the bonds from the Humanitarian foundation. Those bonds came from an organization in Asia and had been assigned to them by someone else. When the person was contacted he was not happy. they are in contact with the individual.
13. AISS is a JV with CVSU and Georgia Aerospace. Mensah was ousted because someone contacted him and made him believe they would provide financing. Un fortunate occurance but Mensah is very smart with patents and his area of expetise but not business.
14. Price reset will be according to the merger agreement $15. The actual book value is higher with the addition of assests.
15. The company will help all people who have purchased share get thier money whether they are real shares or counterfiet.
16. Someone placed CSHD on the Berlin Exchange without authorization of the company. The shares that were trading there were not real shares.
17. Original investors in Waatle were high dollar investors. The type that didn't flinch at put down $1M or more.
18. The float is gone because he knows people and investment banks in Europe that own more shares then the float. Mentioned a personal friend of his who had bought more than a milliom shares yet his name did not show up on the NOBO list.
THis is from my recollection of the interview last night. I believe I have accurately chronicled it. If anyone listening disagrees please post corrections. There is more and I will try to post as I have time to put it down on paper.
posted
Originally Posted by PaulieWalnuts Here is somthing that has not been addressed from last night's interview. Rufus stated that he "heard" four traders were arrested by Fed. Marshalls last Fri. I have also "heard" rumors about this. I "heard" that they were ARCA traders, and that they were representing Barron Moore Securities in shorting CSHD. Guess who was a partner at Barron Moore? The owner of ***. I am trying to confirm this. If anyone has any connections with the Federal Marshall's office or any Federal agency that mighy have arrest records, I would like to know if this is true. Can you immagine the fallout at *** and Barron Moore if it is?
quote:Originally posted by a surfer: The float last time I called integrity was * 30 mil.
I will call right now
I beleive that the float changes as shares come off restriction and as Certs are called for. I could be wrong but I remember talking with the TA a few weeks back and when I asked about Float it stated aft handedly that it changed rapidly and at that time was approx 36M.
posted
i just got off the phone with them as well. im losing my marbles - cant believe the profits i am missing out on.
and my guy, john, told me TDAm's reason for restricting opening trans is b/c of stuff the CEO said.
ACAT transfer of shares to another borker would take 7-10 biz days.
only choice is to liquidate my position, wire transfer the funds to my bank, then wire transfer them again to a new borker.
and asked about putting them in my name. john said yes he could do that - and thats the only way i would show up on a list if the shareholders were queried - but there was no reason to do so.
i told him what i thought of any advice coming to TDAm
tecnically, so long as we have proof we hold shares, i dont think rufus can "selectively' make a tender offer at $15.
i hate hate hate all the time this is taking. dont have the time to go thru this chit.
so - what borker ISNT having issues here? glass, i know u went full service but does that give you access during all hours?
any Borking recommends? quick? if i transfer today i can have a buy in for morning. we werent expecting news tonite, rite?
*sigh* i hate that im in this quandry it is so unfair. anyone think a HOD may still come, since i gotta liquidate?
~BB
quote:Originally posted by milliam: Just got off the phone with TDA. Somewhat nice, but no help of course.
They say calling for certs from an IRA account would be taking a distribution...thus tax implications.
I asked about CSHD and why they were restricting the buying. She said that either another brokerage or a MM had brought to their attention some sort of unethical trading going on with it, thus they added it to their list. She made a point to tell me that I can still sell though. I told her I wasn't happy and wanted some free trades. She offered 5, I said 10 and she said no problem.
So, no good way to call for certs from your Roth...now what to do with my regular account?
quote:Originally posted by betting babe: i just got off the phone with them as well. im losing my marbles - cant believe the profits i am missing out on.
and my guy, john, told me TDAm's reason for restricting opening trans is b/c of stuff the CEO said.
ACAT transfer of shares to another borker would take 7-10 biz days.
only choice is to liquidate my position, wire transfer the funds to my bank, then wire transfer them again to a new borker.
and asked about putting them in my name. john said yes he could do that - and thats the only way i would show up on a list if the shareholders were queried - but there was no reason to do so.
i told him what i thought of any advice coming to TDAm
tecnically, so long as we have proof we hold shares, i dont think rufus can "selectively' make a tender offer at $15.
i hate hate hate all the time this is taking. dont have the time to go thru this chit.
so - what borker ISNT having issues here? glass, i know u went full service but does that give you access during all hours?
any Borking recommends? quick? if i transfer today i can have a buy in for morning. we werent expecting news tonite, rite?
*sigh* i hate that im in this quandry it is so unfair. anyone think a HOD may still come, since i gotta liquidate?
~BB
quote:Originally posted by milliam: Just got off the phone with TDA. Somewhat nice, but no help of course.
They say calling for certs from an IRA account would be taking a distribution...thus tax implications.
I asked about CSHD and why they were restricting the buying. She said that either another brokerage or a MM had brought to their attention some sort of unethical trading going on with it, thus they added it to their list. She made a point to tell me that I can still sell though. I told her I wasn't happy and wanted some free trades. She offered 5, I said 10 and she said no problem.
So, no good way to call for certs from your Roth...now what to do with my regular account?
So you are saying if Rufus chose to bought us out at $15...and the shares are in street name that we owe, potentially we may not be able to be bought out?
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by Chartwalker: Originally Posted by PaulieWalnuts Here is somthing that has not been addressed from last night's interview. Rufus stated that he "heard" four traders were arrested by Fed. Marshalls last Fri. I have also "heard" rumors about this. I "heard" that they were ARCA traders, and that they were representing Barron Moore Securities in shorting CSHD. Guess who was a partner at Barron Moore? The owner of M N 1. I am trying to confirm this. If anyone has any connections with the Federal Marshall's office or any Federal agency that mighy have arrest records, I would like to know if this is true. Can you immagine the fallout at M N 1 and Barron Moore if it is?
posted
so - what borker ISNT having issues here? glass, i know u went full service but does that give you access during all hours?
heck no... they are terrible at being away from their desk...
full service has a different meaning to them... it means they'll take you out to lunch once in awhile
and it means they won't just cut off trading cuz it's inconvenient... they paid no income taxes on nearly a billion in profits several times since 2000... that's what full service means...
it also means that if any MM shorted them? they'll collect fersher....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
babe I just got off the phone with choice trade. The guy told me if I did transfered just my cshd shares it should only take 4days. I asked if my name could be placed on the certs along with the street name and he said. the only way to get my name on the certs was to request the certs. I also don't think we'll be going much higher today with nite once again in total control.
quote:Originally posted by stocktrader22: [QUOTE]Originally posted by betting babe: So you are saying if Rufus chose to bought us out at $15...and the shares are in street name that we owe, potentially we may not be able to be bought out?
NO i didnt even come close to saying that.
i said the OPPOSITE.
street name or our name, the action would have to apply to the stockholder regardless of how they're held.
posted
i think im gonna go visit my banker at chase. a quick solution would be to wire him the funds and drop em rite back into the market. wondering what the costs would be.
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posted
Okay another thing that I remember from last night was that Ben and Rufus kept talking about Merill Lynch. How they trusted them and that they were very safe. There was some snickering going on.
Now this next part is Speculation and Speculation only based on what I heard. It's possible that Lynch is who they are dealing with in regard to underwriting the stock. I beleive Lynch recently acquired a MM. Just something to think about.
Also on another note. I am very conflicted about last night's interview and what is happening with this stock. I have concerns and I have hope. I would strongly recommend that people listen to the interview for themselves.
I would hope that anybody that has money in this take the time to analyze the whole situation and make the decisions they are comfortable with from that point. Do not get caught up in either the enthusiasm or negativity of any other poster. If need be take a step back calmly think and then act.
I have no recommendations as to whether anyone should buy sell or hold. Just that you make the decision on your own with a clear mind.
posted
i wouldnt put it past TDAm to hold em up just cuz of what they are. i insisted it shouldnt take mroe than 4 days. he said no way, 7-10.
i already have a choicetrade acct open in name just unfunded.
quote:Originally posted by RyanPBF: babe I just got off the phone with choice trade. The guy told me if I did transfered just my cshd shares it should only take 4days. I asked if my name could be placed on the certs along with the street name and he said. the only way to get my name on the certs was to request the certs. I also don't think we'll be going much higher today with nite once again in total control.
posted
BB? If you have the funds...maybe buy when it is low today through choice and sell your ameritrade shares at a high tomorrow? But if you are getting any certs for the long haul....get them from Ameritrade and you can deposit them down the road at what ever broker you choose...just a thought...
quote:Originally posted by betting babe: i wouldnt put it past TDAm to hold em up just cuz of what they are. i insisted it shouldnt take mroe than 4 days. he said no way, 7-10.
i already have a choicetrade acct open in name just unfunded.
quote:Originally posted by RyanPBF: babe I just got off the phone with choice trade. The guy told me if I did transfered just my cshd shares it should only take 4days. I asked if my name could be placed on the certs along with the street name and he said. the only way to get my name on the certs was to request the certs. I also don't think we'll be going much higher today with nite once again in total control.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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