In my comments to the SEC of December 2003 regarding Reg Sho I took the opportunity to complain about the group in Blaine,Washington called ICI or 'NAANSS',(National Association Against Naked Short Selling),located in the same office that housed James Dale Davidson's, Brent Pierce's,and Grant Atkins' Genemax,(named for Davidson's newsmax.com ?),penny stock pump and dump operation.I cited Gary Weiss' Businessweek article at the time,'Don't force the shorts to get dressed',that pointed out the shared office space and phone between Genemax and 'NAANSS'.
I also stated that while I opposed naked shorting I had nothing against conventional short selling.I can't claim much knowledge of stocks or I would not have gotten ripped off by Endovasc and Davidson and their 'anti-naked shorting' scam in the first place,it's just that I now know Endovasc's collapse of share price was not a result of 'naked shorting' but of an illegal pump and dump.
Had the 'company' not dumped all those shares into the float, (which never appeared in SEC filings until it was too late for me),the share price collapse would not have occured,or at least not so dramatically,even if the company was a scam or earned no income.But then without Davidson's promotions including through his Agora Inc.'s 'Vantage Point' etc. the share price of Endovasc and even more so Genemax would not have risen so sharply before and during the dumping.
I personally see no need for allowing naked shorting when conventional shorting should
accomplish the same purpose while not punishing companies that opt for a small float,which would also assure they are not running a pump and dump fraud.If a company makes a decision to keep a low float to maintain a higher share value,they should not be punished by the dumping of 'naked shorts'.
However this appears to be a very small problem in relation to pump and dump scams that use fraudulent naked shorting claims to cover up or distract from their pump and dump activities.I believe the SEC is knowingly allowing these penny stock scams to aid fraud and money laundering,perhaps even more now than before 911. Why ?
Bellador Group of Kuala Lumpur and Dubai is a good example that not only ran a boiler room op with an undisclosed amount of Endovasc
shares but has even recommended SRA International,a CIA invested company doing work for Homeland Security,the Iraq occupation,the NSA,the SEC,the GAO,the Navy and virtually ALL government bureaucracies. Why ? I'm sure many of you could think of more deserving and more qualified IT companies in Silicon Valley or elsewhere who could out compete and outperform the pos called SRA International AND IF IT WERE NOT A RECIPIENT OF MASSIVE CORPORATE WELFARE DUE TO ITS CIA AND NSA ETC.CONNECTIONS IT WOULD COMPETE WELL WITH BYRNE'S OSTK FOR POS STOCK OF THE DECADE.
And SRA International is the creator of anti-money laundering spinoff Mantas Inc. ! Mantas is the AML or anti-money laundering company that allowed Charles Schwab,Endovasc,James Dale Davidson and LOM of Bermuda to get away with massive illegal pump and dump activities.
In that light and in light of proof I have provided regarding the Schwab Endovasc pump and dump account should they be trusted with 100% of government IT contracts ? ! I don't think they should.
Further SRA International has been recommended or touted by Bellador Goup boiler room to its offshore clients ! This is the company the CIA uses to provide those daily briefings to the President of the U.S. folks ! And although it developed AML software for use by major banks and brokerages its shares are touted and possibly manipulated by a boiler room in Dubai and Kuala Lumpur and Bellador Group's Arizona lawyer Ron Logan swears Endovasc's shares,that Bellador dumped who knows where,were 'naked shorted' !! What the heil is going on ?! Have I entered the twighlight zone ?
I do think money laundering may be involved with Endovasc shares but the SEC refuses to audit penny stock shares,registered or not. No
wonder the criminal CEOs feel so confident to blame everything on 'naked shorting'.If you can't do,or refuse to do,a 'share-money'
audit you can never detect illegal pump and dump activities,much less money laundering activities !
I have mentioned elsewhere that I believe any plagiarism expert would would realise immediately that the 'NCANS' acronym is a plagiarism of the 'NAANSS' acronym.And further even the whole scam is a plagiarism of the entire NAANSS scam such as recommending the behavior to 'buy certs' to protect yourself from 'electronic counterfeiting or 'naked shorting' from Charles Schwab,Refco,Ameritrade et.al..
I believe the probability of 'Bob O'Brien' and Patrick Byrne, et.al.reinventing James Dale Davidson's,et.al.'s fraudulent NAANSS scam,while never having heard of NAANSS or Davidson as they have claimed, is highly unlikeley.It is more absurd than Davidson's past claim that Clinton killed Vince Foster' based upon an Oxford handwriting expert he paid to say Vince Foster's suicide note was a fraud.
A plagiarism expert would probably not believe Bob O'Brien's claim of never having heard of James Dale Davidson or NAANSS before I brought them to Bob O'Brien's attention here last year.
And yet neither James Dale Davidson nor Agora Inc. have complained about others using a scam they invented.Why ? When Bob O'Brien or
Patrick Byrne started the rumor that Milken was the 'Sith Lord' Mr.Milken felt a need to make a public denial and yet James Dale Davidson has remained silent. Why ?
And although Davidson and attorney John O'Quinn swore that Genemax and Endovasc pump and dump scams were really the victims of 'naked short selling' by Charles Schwab, Refco and Ameritrade.We now know that Charles Schwab really hosted a pump and dump account and that either Mantas Inc.'s anti-money laundering software doesn't work or someone didn't use it at the time the Endovasc dump from a Schwab account went down in late 2002.
I believe unfortunately the 'naked shorting' scam is a Beltway scam and perhaps even some within the SEC are covering up.So my own
government may be not only aiding in the ripoff but are knowingly allowing money laundering,post 911,with unaudited penny stock shares.Ex-SEC attorney Brent Baker even appears to be profiting from the cover up of the very 'anti-naked shorting' scam he should have convicted Davidson for operating had he even charged him.
Now Mr. Baker has a nice job with Overstock.com's and NCANS' Patrick Byrne.Is there a James Dale Davidson connection ?
Overturning the SEC's Reg S would have been much more helpful than creating Sho in my opinion and then allowing it to be used for more fraudulent naked short selling claims.The fact that both the SEC and NCANS remain silent about SEC's Reg.S says to me they both approve of it even though repealing it would put many offshore pump and dump and money laundering scams out of business.Why ?
Posted at 6:31PM on Feb 17th 2006 by Tony Ryals
