Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (6782)	1/17/2002 10:49:58 PM
From: bob kubecka	Respond to of 48461

NASD proceeding finds M.H. Meyerson liable for $5 mln JERSEY CITY, N.J., Jan 17 (Reuters) - M.H. Meyerson & Co. (NasdaqNM:MHMY - news), a small broker-dealer, said on Thursday it was found liable for about $5 million as a result of an arbitration proceeding by the National Association of Securities Dealers in connection with a disputed share transfer. The result of the arbitration proceeding, which M.H. Meyerson said it is appealing, sent its shares to a new low on the Nasdaq Thursday afternoon. The stock was down 39 percent to 46 cents, far below its 52-week high of $4.38. The dispute centers on the transfer of shares of Whitehall Enterprises Inc. that were deposited with M.H. Meyerson. While the arbitration panel decided otherwise, M.H. Meyerson said the transfer of shares was authorized by the claimant. It added that it has contacted the plaintiff and is discussing a settlement. Jersey City, New Jersey-based M.H. Meyerson said an unsuccessful appeal ``may have a materially adverse impact on the company.''

To: ~digs who wrote (6782)	1/18/2002 10:06:58 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 48461

Not much one can do when something like that happens. However, if they win the appeal, it turns out ok. MHMY a coin flip at this point. This is where rat buying on the way down comes in. You can either follow the plan, or cut your losses & walk away. That is the current question with this stock? What do you think is the right course?