and if you believe that load of crap from Jeffries.....
I have some prime Saskatchewan muskeg to sell you
That's a bit ironic coming from someone with a scam hat-trick. PCBM/CMKX both halted, sued by the SEC and the grand finale revocation. With GBDX recently halted and the one year anniversary coming up this month since they bothered to issue a PR, what do you believe their fate is? Is it true that even Helen has had no contact with the company for some time now? And some people with common ties to two, if not all three stocks, including some of the promoters! Are you going to blame Shorty for GBDX, too? Geez
The so call "crap" from the Jeffries letter was written by their attorney Ms. Shine, with confirmation by Leslie Hakala received by the Division of Enforcement in her letter to both Stoecklien & Frizzell.
Ms. Shine repeats several times in her letter that the trades were by long sellers. It would have been foolish for Ms. Shine to misrepresent her clients customers and their activities to Hakala and Anne Glowacki of the NASD, since it would have been so easily traced. I'm certain Jeffries was scrutinized by them as much as NevWest but, Jeffries was not named in the complaint. Nufced!
And just in case it failed to dawn on anybody.... the certs that Edwards managed to magically produce for sale, or rather "Print from air", was just another form of Naked shorting.
Okay, you completely lost me on that. First, no magic was involved. Please read the SEC complaint about Urban and Edwards little scheme to dump shares.
It was NOT another form of naked shorting or any kind of shorting. When Edwards came into NevWest he had certs that he sold and immediately had cash in his account from those sells. When you SS a stock your account is -minus, you have no cash until you cover. Edwards account had NO short position on those sells, so how could he possibly be accused of some form of naked shorting?
Let's say Edwards sold his shares and the stock traded up on the hype, would he have been caught in a short squeeze? If CMKX does trade again would he be forced to cover? Of coarse not. The market does not perceive or recognize Edwards naked short anything, and neither should you. Again, read the SEC complaint.
IBAFT:The original team was chased away from completing their goals with threats of prosecution, as they engaged in unlawful acts for the purposes of exposing the naked short.
