Emblem Corp EMMBF

The Real Slaughter Begins

[PruneFace]

With the three day settlement period this is the first day the $1.15 shares can be sold from a long position. Still think no one will sell the unlock Brent?

[anmckenn]

I thought the date was Mar 11th, this sell off is broad based, basically because the whenever the government does anything it takes forever

[PruneFace]

The date is March 11 but because a transaction takes three working days to close ie Monday a holder of the $1.15 paper can legally sell from a long position today. Yes there is a broad based sell-off due to the ineptitude of the government but it would be nave to attribute the entire meltdown of EMC to just that and not to the flooding of the market with the financing shares. The pullback in EMC

[anmckenn]

I agree, but is there any evidence of this? can any sell orders be confirmed involving large lots that can be tied to the locked up shares.....

[anmckenn]

With the tainted product, lawsuits, government timeline realization, fictitious earnings and over valuations, the whole group has a pretty bad rap right now and I think people are realizing why it is still considered very "speculative". These things can go straight back to were they were in November, FAST !!!!!

[GMon]

based on an email from Emblem, the date is April 9th.

[anmckenn]

heavy selling now across the entire board in this sector

[PruneFace]

I know for sure that my shares from the $1.15 financing are officially free-trading March 11 so Monday because the 11th is a Saturday. And due to the three day settling period they can be traded from a long position today. Mine were sold earlier this session. IIRC there is some portion of the 21.8 million shares from the financing that do in fact become unlocked April 9 but I don't recall how

[rcash1]

So are you saying what is supposed to be free trading Mon is selling this week now, because of this 3 day settling  period ? I assumed it would be 3 days delayed not ahead ? Just curious if it's this week or next ?