Post by same53 on Jun 7, 2007 9:34:20 GMT -5
Posted by: herbalife13
In reply to: Bigdogs who wrote msg# 17039
Date:6/7/2007 10:33:44 AM
Post #of 17048
Bigdogs Good Post, detailed post on the corrupt Brokerages
Add Fidelity to Scottrade, Ameritrade and E-trade. Move away from these into another brokerage firm such as bank of America or anyother brokerge that is not corrupt.
*********************************************************
This whole waiting game is a exact repeat of last year. The old transfer agent got scrambled lists and every excuse from the brokerage firms as did all of us and the brokerages gave him the runaround so much that they made him look like a complete idiot and in turn the transfer agent got all the blame which inturn let the brokers off the hook blaming it all on him.
Now here we are again with a new transfer agent and what do you know the brokerages are coming up with the same delays that they did a year ago. Does anyone think this is coincidence. I think not. The main blame of this whole fiasco belongs on the brokers shoulders for they are the ones who caused this whole mess with the 100s of millions of shares accidentally (at least that what they want us to think) released on the market.
Now the new transfer agent has basically straightened out just about all the brokerage firms and has printed the certs and has sent all of them to the brokers and yet the brokers still cant get it right and send everyone there shares.
Houston We have a problem?
This is not rocket science.
These brokers have been doing this now for years and have the experience of getting these type of situations solved in a day or so.
Yet we are experiencing these huge delays when the new transfer agent has pretty much completed there whole end of it.
Why cant the brokers send the certs out??? They are not allowing buys on the internet and just about all of them are making people call in there orders and Ameritrade isnt allow any buying. Yet all of them allow selling.. How convenient for them.
The conclusion is that there is one massive short that has not been covered and they are doing whatever they can to destroy the price of this stock to try to cover. The only problem they have is the float is way underwater and the sellers are all but dried up. They need our shares and need them in a very bad way.
The delays are because they are waiting for our 144s to hit the market so they can try to tank this stock and cover at prices that are ridiculously low.
If any of the big 3 do allow you to sell your 144s through them dont. Take them out and put them in a firm that you can trust. They will only use your shares against you and try to make you chase the stock all the way down.
This is starting to remind me of more and more like last year when none of them were complying and the old transfer agent told me plenty of times how none of the big brokerages numbers were coming anywhere near close to the DTC numbers which are accurate.
If some of us dont get our shares in the next week there has got to be some serious consideration on some massive lawsuits against them. If you look at each day at what it potentially costs each one of us longs by waiting they are taking away thousands of dollars from each one of us each day while the stock keeps dropping and they know this.
The delays alone should be cause for the value loss of each one of our accounts.
To be honest I really dont see the brokerages cooperating any time soon until they get the massive volume to cover there shorts which means we may all be without certs for weeks to months to come. I hope not but Im starting to get the same feeling we got last year when noone got anywhere with them including Jack Donnelly who tried his best but never get any of them to cooperate.
All we can do now is collect evidence and document every person and time frame that we have been given and start holding accountability for each brokerage and the lost value of our accounts that has resulted from these delays.
Once everyone does get there certs it will be another 2-3 week process from that point. Its a never ending process.
In reply to: Bigdogs who wrote msg# 17039
Date:6/7/2007 10:33:44 AM
Post #of 17048
Bigdogs Good Post, detailed post on the corrupt Brokerages
Add Fidelity to Scottrade, Ameritrade and E-trade. Move away from these into another brokerage firm such as bank of America or anyother brokerge that is not corrupt.
*********************************************************
This whole waiting game is a exact repeat of last year. The old transfer agent got scrambled lists and every excuse from the brokerage firms as did all of us and the brokerages gave him the runaround so much that they made him look like a complete idiot and in turn the transfer agent got all the blame which inturn let the brokers off the hook blaming it all on him.
Now here we are again with a new transfer agent and what do you know the brokerages are coming up with the same delays that they did a year ago. Does anyone think this is coincidence. I think not. The main blame of this whole fiasco belongs on the brokers shoulders for they are the ones who caused this whole mess with the 100s of millions of shares accidentally (at least that what they want us to think) released on the market.
Now the new transfer agent has basically straightened out just about all the brokerage firms and has printed the certs and has sent all of them to the brokers and yet the brokers still cant get it right and send everyone there shares.
Houston We have a problem?
This is not rocket science.These brokers have been doing this now for years and have the experience of getting these type of situations solved in a day or so.
Yet we are experiencing these huge delays when the new transfer agent has pretty much completed there whole end of it.
Why cant the brokers send the certs out??? They are not allowing buys on the internet and just about all of them are making people call in there orders and Ameritrade isnt allow any buying. Yet all of them allow selling.. How convenient for them.
The conclusion is that there is one massive short that has not been covered and they are doing whatever they can to destroy the price of this stock to try to cover. The only problem they have is the float is way underwater and the sellers are all but dried up. They need our shares and need them in a very bad way.
The delays are because they are waiting for our 144s to hit the market so they can try to tank this stock and cover at prices that are ridiculously low.
If any of the big 3 do allow you to sell your 144s through them dont. Take them out and put them in a firm that you can trust. They will only use your shares against you and try to make you chase the stock all the way down.
This is starting to remind me of more and more like last year when none of them were complying and the old transfer agent told me plenty of times how none of the big brokerages numbers were coming anywhere near close to the DTC numbers which are accurate.
If some of us dont get our shares in the next week there has got to be some serious consideration on some massive lawsuits against them. If you look at each day at what it potentially costs each one of us longs by waiting they are taking away thousands of dollars from each one of us each day while the stock keeps dropping and they know this.
The delays alone should be cause for the value loss of each one of our accounts.
To be honest I really dont see the brokerages cooperating any time soon until they get the massive volume to cover there shorts which means we may all be without certs for weeks to months to come. I hope not but Im starting to get the same feeling we got last year when noone got anywhere with them including Jack Donnelly who tried his best but never get any of them to cooperate.
All we can do now is collect evidence and document every person and time frame that we have been given and start holding accountability for each brokerage and the lost value of our accounts that has resulted from these delays.
Once everyone does get there certs it will be another 2-3 week process from that point. Its a never ending process.