InvestorsHub Logo
Followers 167
Posts 20654
Boards Moderated 1
Alias Born 08/09/2000

Re: dav1234 post# 37

Wednesday, 05/27/2009 12:32:59 AM

Wednesday, May 27, 2009 12:32:59 AM

Post# of 84
Morality? LMAO - There has been NO MARKET INTEGRITY in US markets since the SEC aided GVRP insider friends in selling ONE share of stock 138,000 times and helped all but the main insider involved keep all of the money.

Who were these insiders? Did they have connections?

RULE OF LAW - LMAO

The SEC actually violated the rule of law by suspending the NET CAPITAL RULE for GVRP so "insider friends" of the one insider they slapped on the wrist NEVER had to cover a short position of 404,000,000,000 shares for a stock with an OS of 33,000,000 and float of 3,000,000.

The stock had an OS of 11, float of 1 and a pending forward split of 3,000,000 to 1. A maximum Auth of 100M.

The only questions here is WHY did regulators BLATANTLY break the rules to ensure short covering NEVER occurred?

Also, why did they not act to prevent an illegal never authorized reverse split to get the OS back under the maximum authorized amount? Why did they SELECTIVELY not enforce the rules?

Also, How do you trade in a market with no integrity because regulators enforce the rules inconsistently - and why do they do so?

Maybe MORE investigations of the SEC by the FBI are called for!


Before you criticize a man, walk a mile in his shoes. That way, if he gets angry, he's a mile away and barefoot.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.