You might want to check out Interactive Brokers. They charge a fee of half a penny per share, with min of $1 a trade. That means 2000 shares represents the same as Ameritrade’s $10 commission. I use IBKR for any trades of less than 2k shares, and Ameritrade for any over 2k shares.

Unfortunately, they require a min of $10 in fees per month, but if you execute more than 1 trade per month then by itself its worth it (compared with Ameritrade).

Keep up the good work and merry Xmas.

- Marcos

[...] wrote about this where I went over going private transactions. Although things looked good, management decided to cancel the going private deal. Funny thing was [...]

Not a fan of Zecco.. heard too many bad things about them…

Anyone use SogoTrade? My friend uses it and was able to buy about 70,000 $0.001 shares and paid only $7 even after the additional fees.

zecco: Originally signed up for an account because they offered 10 free trades a month as long as you had $2500, they have since upped that to $25,000. But their trades are only $4.50. I have not used this account very much so I don’t know if they charge you more for thinly traded issues.

Sharebuilder: They offer a $50 credit if you find the right coupon code and a certain number of free scheduled investments then $4 after that. Scheduled investments happen on the market open on Tuesday and have to be scheduled by 5pm EST the Monday before. They charge $9.99 for real time trades. I use this account for weekly scheduled investments but only for what Lynch calls “stalwarts”. Scheduled investments are obviously not good for special situations where prices can be more volatile. Sharebuilder also does not deal with OTC, PK, or other thinly traded stocks.

Etrade: This is my primary brokerage account. Etrade is not the cheapest but if you make more than 30 trades per quarter or have more than $50,000 in the sum of your accounts they only charge $9.99. I have bought most of my thinly traded issues (OTC, PK, preferreds) through etrade and they have never charged me more than the standard commission.
I also utilize Etrade’s RSA token offering which requires me to provide a randomly generated pin from my RSA token in addition to my username and password. Since the majority of my investments are in this account I like to have a little extra security in accessing this account.

I have also called Etrade on a couple of instances for support or questions and have gotten quick responses.
Ken´s last blog ..Buffett: Don’t hate the player, hate the game

No, not right now. I actually hadn’t been looking at plays like that lately. I just happened to see Mike Goode post on ZRBA on his blog reapertrades.com. He rarely mentions plays like that though. thanks for the info about the tweaking the SEC search.

This other guy told me awhile back that there seems to be this phenomenon with companies that go private or move to the pinksheets. After the stock delists off the nasdaq or Amex or whatever and moves to the Pinks they often will bounce back real hard and run for awhile right after they start trading on the Pinks. I guess all the people dumping the shares as soon as they find out it will delist shakes out enough people any demand pushes it up…not sure
Mark´s last blog ..Financials Still Strong

[...] The SEC is a great place to find mergers, stock tenders and going private tranasctions. [...]

FELI is at 0.55 ask price now, so anyone holding under 7500 better sell quick.

Regards