CEO Angel Stanz Email #7 ********A little frustra
Post# of 5949
Posted On: 04/25/2014 9:26:45 AM
CEO Angel Stanz Email #7
********A little frustrated here in 2012, not able to buy more shares. This was resolved in Jan 2014, when RIGH volume exploded.
On Nov 26, 2012, at 5:29 PM, BN wrote:
> November 26, 2012
>
> MFR: Unauthorized Restrictions on OTC Securities
>
> Angel Stanz
> Chief Executive Officer
> pr@bgmedtech.com
> 855-723-3283
>
> Dear Mr. Stanz,
>
> I am very frustrated with not being able to purchase more shares of RIGH. I have been a BG Medical Technologies investor for about 1 year.
> I believe in your product (and company), and want to add to my share count.
>
> I trade using TD Ameritrade.
>
> What started on November 20, 2012 with a simple attempt to purchase an additional 8 million securities in the ticker: RIGH (Rightsmile), thereby adding to my existing position, and only to receive an automated cancellation of not one, but three attempts to make the trade, each time followed by the statement, "Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade..." Followed by, an immediate exchange of at least 10 messages between myself and TD Ameritrade Client Specialist, with in-between phone conversations with two TDA Client Specialists, followed by a transfer call to the Canadian Think or Swim Team, all to no avail, and despite efforts by TD’s team to upchannel and resolve this issue the past seven days, I stand with my problem still unresolved.
>
> Through this frustration, I have discovered I am not the only one facing this issue with your company. 14 other traders whom I have corresponded with, have the same concerns, whereby one of the largest US brokerage firms, is restricting trade in BG Medical Technology, Inc.’s ticker: RIGH.
>
> So my question is, when will RIGH be removed from the DTC Chill list???
> TD Ameritrade says the ball is in your court (see below)...
>
> Thank you,
> BN
>
> p.s.
> Here is the last message I received from TD Ameritrade:
>
> BN,
>
> Thanks for the follow up, the first link that was provided came from a single update from the DTC, it is not an all inclusive list of stocks on their DTC chill list. The actual DTC list is hundreds of symbols long (Here is the subject line, "GLOSSARY DEPT UPDATES TO THE LIST OF OTC CLEARED SECURITIES"
. The second list is from a third party company. I can not verify when or how often this list is updated from this company, nor if it is the most recent release this unaffiliated company has released via their website.
>
> I apologize about the frustration about being unable to trade this security, but until the company files their paperwork with the DTC we are unable to allow trading.
>
> Here is the contact information of the company from what I have been able to find online. I hope this helps.
>
> Contact Info
> 8251 La Palma Ave #432
> Buena Park, CA 90620
>
>
> Website: http://www.bgmedtech.com/
> Phone: 855-723-3283
> Email: investors@bgmedtech.com
>
>
> Please let us know if you have any additional questions. Thank you.
>
> Regards,
>
>
> B******************
> Trade Support
> thinkorswim from TD Ameritrade
...................................
From: (Angel) BG MedTech <********@bgmedtech.com>
To: **************.com>
Sent: Tuesday, November 27, 2012 1:23 PM
Subject: Re: Unauthorized Restrictions on OTC Securities
BN,
The DTC chill status is due to actions from previous RightSmile management, prior to the 2012 reverse merger with BG Medical Technologies. The chill is expected to be resolved during the formal name change process. These actions are pending, and will be resolved soon.
If it was a matter of filing simple paperwork (as your received letter rom TD alludes to), I assure you, it would already be completed. Unfortunately, it is a bit of a more complex. Nonetheless we have a strategy in place to have this handled in the near term. Please stay tuned to our press releases, as these will indicate when this status has been removed.
Our thanks for your inquiry and continued interest.
Warm Regards,
Angel Stanz, CEO
BG Medical Technologies, Inc.
RightSmile, Inc.
*******************@bgmedtech.com
direct: ***********************
********A little frustrated here in 2012, not able to buy more shares. This was resolved in Jan 2014, when RIGH volume exploded.
On Nov 26, 2012, at 5:29 PM, BN wrote:
> November 26, 2012
>
> MFR: Unauthorized Restrictions on OTC Securities
>
> Angel Stanz
> Chief Executive Officer
> pr@bgmedtech.com
> 855-723-3283
>
> Dear Mr. Stanz,
>
> I am very frustrated with not being able to purchase more shares of RIGH. I have been a BG Medical Technologies investor for about 1 year.
> I believe in your product (and company), and want to add to my share count.
>
> I trade using TD Ameritrade.
>
> What started on November 20, 2012 with a simple attempt to purchase an additional 8 million securities in the ticker: RIGH (Rightsmile), thereby adding to my existing position, and only to receive an automated cancellation of not one, but three attempts to make the trade, each time followed by the statement, "Order cannot be processed due to a DTC chill restricting the ability to transfer a security and settle the trade..." Followed by, an immediate exchange of at least 10 messages between myself and TD Ameritrade Client Specialist, with in-between phone conversations with two TDA Client Specialists, followed by a transfer call to the Canadian Think or Swim Team, all to no avail, and despite efforts by TD’s team to upchannel and resolve this issue the past seven days, I stand with my problem still unresolved.
>
> Through this frustration, I have discovered I am not the only one facing this issue with your company. 14 other traders whom I have corresponded with, have the same concerns, whereby one of the largest US brokerage firms, is restricting trade in BG Medical Technology, Inc.’s ticker: RIGH.
>
> So my question is, when will RIGH be removed from the DTC Chill list???
> TD Ameritrade says the ball is in your court (see below)...
>
> Thank you,
> BN
>
> p.s.
> Here is the last message I received from TD Ameritrade:
>
> BN,
>
> Thanks for the follow up, the first link that was provided came from a single update from the DTC, it is not an all inclusive list of stocks on their DTC chill list. The actual DTC list is hundreds of symbols long (Here is the subject line, "GLOSSARY DEPT UPDATES TO THE LIST OF OTC CLEARED SECURITIES"
. The second list is from a third party company. I can not verify when or how often this list is updated from this company, nor if it is the most recent release this unaffiliated company has released via their website. >
> I apologize about the frustration about being unable to trade this security, but until the company files their paperwork with the DTC we are unable to allow trading.
>
> Here is the contact information of the company from what I have been able to find online. I hope this helps.
>
> Contact Info
> 8251 La Palma Ave #432
> Buena Park, CA 90620
>
>
> Website: http://www.bgmedtech.com/
> Phone: 855-723-3283
> Email: investors@bgmedtech.com
>
>
> Please let us know if you have any additional questions. Thank you.
>
> Regards,
>
>
> B******************
> Trade Support
> thinkorswim from TD Ameritrade
...................................
From: (Angel) BG MedTech <********@bgmedtech.com>
To: **************.com>
Sent: Tuesday, November 27, 2012 1:23 PM
Subject: Re: Unauthorized Restrictions on OTC Securities
BN,
The DTC chill status is due to actions from previous RightSmile management, prior to the 2012 reverse merger with BG Medical Technologies. The chill is expected to be resolved during the formal name change process. These actions are pending, and will be resolved soon.
If it was a matter of filing simple paperwork (as your received letter rom TD alludes to), I assure you, it would already be completed. Unfortunately, it is a bit of a more complex. Nonetheless we have a strategy in place to have this handled in the near term. Please stay tuned to our press releases, as these will indicate when this status has been removed.
Our thanks for your inquiry and continued interest.
Warm Regards,
Angel Stanz, CEO
BG Medical Technologies, Inc.
RightSmile, Inc.
*******************@bgmedtech.com
direct: ***********************
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