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Microcap & Penny Stocks : PLNI - Game Over
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From: yardslave6/3/2006 1:48:00 PM
  Read Replies (4) of 12518
 
Some thoughts about this TDA letter.

Let us assume that a company with the following:

140,000 new accounts opened; 61,000 closed
accounts; 3,293,000 qualified accounts**
• Average client trades per day of approx. 254,000
• Client assets of approx. $262.9 billion
• Average client margin balances of approx.
$6.8 billion; Quarter ending balances
of approx. $7.8 billion

Is not going to try silly and illegal trading with a pissant little penny stock like PLNI. Those are some of TDA's numbers.

Let us also assume that this letter did get out to some people. I don't think that PLNI made it up. However, I am pretty sure that it applies only to people who received the letter. I think that this is also a pretty safe assumption.

If also believe that the people who got this letter had to act or would get their account liquidated. I am not sure if this would happen on August 1st or not. The letter doesn't say that it would liquidate on the 1st. The 1st was just a deadline.

Did PLNI get a copy of the letter or was one sent to them?
Who did and why?
I suspect that one screeching whining yelping little promoter who post on the bulloney board got one.

I also suspect that the reason that TDA dumped certain people was because the didn't like the way that they were trading.

Did Braden Turek get a letter?

I find it odd that no one has stepped up with a bonofide copy of the letter.

This is all not good
any comments?
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