November 14, 2018 
 Wednesday 
 
 

Forum
Topic:
Stock exchange listing

       

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 By martin newkom

09/14/2013  2:15PM

Chas. Schwab grew up in Woodland
Calif. a sizeable Agric. town
north and west of Sacramento.
Most folks there and in Yolo
County speak very highly of"Chuck".When he started the
company his Number two office was not in New York or Los Angeles,Schwab established it in Sacramento, perhaps recognizing the values in Northern Calif. And the fact that one other firm, Dean Witter
had placed its Number two office
in Sacramento prior.
 By bluejay

08/29/2013  9:56AM

FYI

I have a family members who left Fidelity because the higher ups were doing uncontrolled insider trading.

I have personally met Charles Schwab on occasions and find him to be an honest and reputable man. That's where we have our account. My close friend was an officer of the company who recently retired and he has always told me, "Schwab is a great firm."
 By gerald vittitow

08/28/2013  1:14AM

thelast trade price is what people everwhere see as a share price you suggest i learn the basics. i have made a few trades this year and have made some money . how are you doing?
 By cw3343

08/27/2013  5:00PM

who cares how many offices Fidelity has and what their "price" is. That has zero bearing on anything.

To get the real current price, you have to work at a brokerage, or call a trader or someone with Level II quotes who can see the various bid/asks and what prices they are currently at. This changes often, even intra-day.

The last trade price makes no difference on an illiquid stock. Learn the basics of the markets/trading (or lack thereof) and it'll do you good.
 By fredmcain

08/27/2013  2:03PM

Could it be, could it just be that fear over pending litigation is impacting stock valuations? Those are the kinds of things that penny stock and micro cap investors look at when deciding whether or not to invest. If we could somehow, someway, just put the litigation issues behind us then I would not be the least bit surprised to see share valuations soar.

Regards,
Fred M. Cain
 By gerald vittitow

08/27/2013  2:25AM

i have three other listings at higher prices. 0.30 is double the price at fidelity which has offices worldwide with several officies in most states.people everywhere see the price of osto as 0.15 which is a small fraction of my cost if people who are interested in osto would buy a few shares maybe we could get some worldwide interest
 By jta3

08/26/2013  7:55AM

The broker price is pretty much irrelevant and why would you want it to be .30 and not .40 or .50 or 1.00? But it doesn't matter because, as we see a few times a year, there will be a transaction of say 300 shares for .01 or .10 or .20 or whatever and that will be the new broker price. The stock is not liquid enough, and there are too may bogus transactions, to worry about what the last "official" transaction price is.
 By gerald vittitow

08/26/2013  12:37AM

last sale at mine was .89 seller listing 1.25 the reason i offer to sell at .30 is to get exchange price to.30 which i consider pitifully low but it would have set broker price at .30
 By bluejay

08/24/2013  9:48PM

I'll clean you up at $0.20 on our marketplace in Alleghany.
 By gerald vittitow

08/22/2013  11:35AM

i have 7000 shares for sale at fidelity brokerage minimum of 100 shares at o.30
 By fredmcain

08/20/2013  1:59PM

Actually, I have been toying with the idea of buying another 1,000 shares in my I.R.A. The only hold up is that I need to send in a check to cover the investment. I just haven't had the time to get around to it.
 By gerald vittitow

08/20/2013  1:03PM

i have 200 shares for sale at fidelity stock brokerage if someone could buy them it would raise share from 0.15 to 0.25
 By fredmcain

05/24/2013  4:12AM

Bobby,

I thought I saw that go through yesterday on my Yahoo! finance page.

Since OSTO is such an extremely thinly traded security, it can have some really wild swings to it.

Unfortunately, I have come to believe that there are some brokerage firms out there that don't seem to understand what this mine is worth. The standing timber on the property and real estate alone is probably worth more than the current total capitalization of the Company! Nevermind that there might be between 5 and 20 BILLION dollars worth of gold buried under there!

Regards,
Fred M. Cain
 By BobbyC

05/24/2013  2:11AM

I own stock in the company both as a registered holder and in a brokerage account. I have read with interest the messages regarding the purchase of company stock through a broker, so I decided to try. I placed a limit order for 2000 shares at $0.25 on May 23 around 11am and it filled that afternoon at $0.20. The broker I used was TD Ameritrade.
 By fredmcain

04/25/2013  9:36AM

Yes, I am wondering the same thing along with "CW". I got an e-mail response back from Charles Carlson of DRIP Investor fame, and if I understood him right, a broker should be able (not necessarily willing) but able to convert "street shares" to "shares of record". They would then be held by the transfer agent as CW suggests. I know this is true for major companies because I have between 15 and 20 stocks recorded in my own name and held be transfer agents. Some of these agents are more helpful than others. The American Stock Transfer & Trust Company is pretty good. I have had issues with Bank of New York/Mellon. Computershare is about in the middle of the two extremes.

What I donít know is whether or not transfer agents would hold Pink Sheet shares. But I donít know why not. What is the difference? Active shares are active shares or so it seem like it should be to me.

Surely the Original Sixteen To One Mine has a stock transfer agent, donít you? It seems to me like youíd need that to record the change of ownership following a trade on the Mineís board.

If somebody held X number of shares in street name in a brokerage account and had them converted to record shares in their own name, would those shares then be eligible for posting on the Mineís board? I think they would be but I donít know for sure. How can we find out?

Another thing of interest, if we can do this, we will actually be reducing the number of shares circulating in the so-called "grey market" by moving them over to shares of record. Would that be desirable? It might help cut the discrepancy between the grey market share price and our prices on the board. But please be advised that Iím still learning here so maybe Iím way off base.

Regards,
Fred M. Cain
 By cw3343

04/25/2013  8:38AM

Mike - do you know if your transfer agent will let shareholders hold shares there, at the transfer agent?

For instance, the main transfer agent for most companies is Computershare, and people hold shares there. Reason I am asking is that some brokerages may not charge a fee to transfer the shares back to the transfer agent - then, later, maybe a certificate could be issued for a lot less than the $250-500 that brokerages charge.

I'm always looking for a loophole...

The days of certificates are numbered anyway - the DTCC lost 1.3 million stock/bond certificates as a result of hurricane Sandy. Some idiot decided they should be stored in a place under flood levels, and not waterproof - their own fault. Also, there were millions of certs lost in the World Trade Center. If there were any bearer bonds then that is a HUGE mess. So because of their mistakes, they are lobbying to eliminate certificates.
 By Michael Miller

04/24/2013  11:27AM

Fred, your post brought a sad smile to my face, especially the last paragraph. Bluejay, thanks for passing on your experiences asa retired member of an exchange. There are people who read our FORUM but do not participate. They, like you and me, share similar thoughts about the erosion of ďthe way it used to beĒ. I still believe that those who remember what a store bought tomato tasted like realize that our society is sliding down a slippery slope with a dark crevasse in view. Such a simple thing as a stock certificate representing ownership of oneís asset must seem insignificant to Americans. It isnít. Increasing awareness may be difficult.

Today we are preparing for mailing the annual report, which includes updating the names, addresses and number of share outstanding. Believe me, keeping share ownership is the most important record for a public corporation to maintain. Our transfer agent recorded 18 transactions totaling 48,000 shares last year. Can you even imagine the record keeping required to maintain stock transaction with the volume on the national markets?

After price, volume is one of the most commonly quoted data points related to the stock markets. Reflecting the overall activity in a stock or market volume is the business of the market itself: the buying and selling of shares. As such, volume is an important indicator for traders in analyzing markets and planning strategy. Your confusion about a grey market at 10 to 20 cents with a bid well above those sales confuses everyone familiar with the Sixteen to One.

When public shares are held in street name, they are basically controlled by the depository company. They are combined with all the other shareholders. A paper entry is kept by the depository company: buy orders, sell orders and short sale orders. Daily volume is staggering. Daily average market volume is around 4 billion shares; however, volume has approached 8 billion. Wow!

My observations are that short sellers can bring a market down faster and more violently that the regular buy/sell investors. Whether the SEC monitors active short sellers that are required to ďborrowĒ the stock in order to sell short is a question to ask market regulators. I also believe that important information is lost over time or ignored.
 By bluejay

04/24/2013  10:43AM

Our shares are tightly held, as a private company, with few ever being traded. Everyone, pretty much, knows each other and they are content just sitting on the shares. When there happens to be a selling interest and some naive broker enters it to the pink sheet market the order is scalped by taking it down hard. Finding a market maker in our shares is like searching in the night without a flashlight. I view the pink sheets as if it were like a pawn shop. I would use it if only all else failed.

Plus, the participants in the pink sheet organization routinely steal money on sell orders by buying below agency bids. The pink sheets gang are just high school punk types. You want to be frustrated deal with these losers.

Mike and Rae run a honest bid and offer book. The pink sheets offer very little, if any, liquidity to the the Original 16-1 market. The only thing the pink sheets do is cause investors pain in their quest for every cent they can steal.
 By fredmcain

04/24/2013  6:41AM

I am slowly coming to the sad realization that obtaining shares in a company which is not a HUGE corporation traded on the "Big Board" or Nasdaq can be quite a challenge. What is happening to our world?

A couple of weeks ago, I put in an offer on the Mine's board for 4,000 share at 50¢ a share. After a week and no one came forward, I called Rae Bell and raised it to 70¢. Still nothing.

At the same time this has been going on, I placed another order with my I.R.A. broker (Vanguard Brokerage Services) for an additional 2,500 shares with a limit price of 45¢ and nothing has happened there, either.

Bear in mind here that the last so-called "grey shares" that transacted went for 20¢, 24¢ and 10¢ respectively. But now I am unable to obtain these "grey" shares at 45 cents? How can that be?

It gets much worse, Iím afraid. I called a broker here in the Midwest (Edward Jones) who Iíve had some dealings with in the past. They have gotten stock certificates for me in the past so I could participate in direct stock purchase and dividend reinvestment plans but it had been a number of years since I tried to do that. (Something like six to ten years, Iím not sure anymore).

I was told they no longer mail certificates Ė period! So I asked if they would consider doing it for a special price and then I was told "Iím not sure but I can check for you and call you back. What security is it for?"

As soon as I mentioned "Pink Sheets" she cut me off. "We do NOT have ANYTHING to do with securities traded on the Pink Sheets". Huh? Say what? How can a well-known brokerage firm just flat out and out refuse to buy or sell Pink Sheet shares? I canít believe this.

I also found this URL which does not look very encouraging to me:

http://www.giveashare.com/stockcertificates.shtml (Copy and paste that to your browser).

I have also been contacted off list by a fellow forum member who has made me a rather generous offer. If I would come up to his share quantity and price, he would swallow the $500 necessary to get me a certificate. Sheesh!! That is SO nice of him but I donít believe it should be necessary for him to do that! $500 for a certificate? Come on! Iíd bet Michael Miller would rightfully call that a "rip off" and if he did, heíd be right!

Maybe this is something we need to start writing to our Congressman about. The problem is going to be, will enough people in our country be concerned enough about this issue to take action and write? If too many people are complacent or unconcerned we might very well lose our post office. The same thing goes for stock certificates. Especially troubling is that the complete loss of stock certificates will affect by far fewer people than losing the post office. And if they donít care about losing the post office....? I have actually had people at work tell me that they donít give a hoot, Ďcause they donít use the post office anymore anyhow!

This is how democracies and human rights are eroded and lost. One "little thing" at a time. So tragic.

Regards,
Fred M. Cain
 By fredmcain

04/18/2013  4:32AM

Greenhorn,

Well, now, hang on a second. Are your shares recorded in your own name or in "street name"?

I have an offer open on the Mine's board for 4,000 shares at 50¢. It's been open for a week now and I have had no takers. I am seriously considering calling Rae Bell and raising my offer to 70¢.

I don't know if I can find the cash, though for all 5,000 shares.

You may contact me off list if you want at fredmcain@bringbackroute66.com

Regards,
Fred M. Cain
Topeka, Indiana mining fan.

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