Market Manipulators

[billiondollarman]

HAHA Good point

[Crazy Money]

I said PUBLIC REPLY... zzz...

[Crazy Money]

Of course no PUBLIC REPLY from JIMBO... the truth must have hurt... so sad to bad...



http://investorshub.advfn.com/boards/read_msg.asp?message_id=23588109


[Suppressed Sound Link]

[nostinkinc]

How do you know he's not a naked short seller trying to get your shares? You can never be too careful... LMAO

[billiondollarman]

Thanks for the update Tiger

[tiger1]

If any one has brokerage stocks, sell , Going to be a bad fourth Q

[billiondollarman]

I think it will impact alot of stocks. It is going to cause alot of the Naked Shorts to cover. Which I do believe will be in the investors benefit. I sit back watch the soo called experts claim their wasn't a problem with Naked Shorting it took one CEO to have a long battle in court to make Congress get off their butts and fix this. This is just the start Congress I believe is ready to throw the SEC under the bus if they do not fix this. I believe in the next few months you are going to see alot of stocks moving up faster than they use to off of news. imo

[rosebud05]

What do you think of the new rules taking effect Oct. 15th? Do you think they will have any impact on the current situation? Many believe not. Thanks

[jimmenknee]

I see :) I see also you didn't like the links I provided last night to actual cases, etc.?

[billiondollarman]

Just news posting information on the board so people know the history..

[jimmenknee]

billiondollarman :) The results of that hearing aided in shaping the final amendments published on 8/6/07, and were/are in affect since 10/9/07.

[billiondollarman]

Congress Sells America Short
by Mark Faulk
In yet another twist in the stock market scandal known as Stockgate, the Faulking Truth has learned that Senator Richard Shelby (R-AL), Chairman of the Senate Banking Committee, has shelved a planned Senate Subcommittee Hearing investigating the issue. Originally scheduled for February of this year, and then postponed several times, the hearing, which has been advocated by Senator Robert Bennett (R-UT), has been cancelled indefinitely.

According to a reliable source inside of the planned investigation, "The authority and the responsibility to take the necessary steps to deal with the issue of naked short selling lies squarely at the feet of Senator Shelby, and he has chosen not to allow the planned Senate Banking Subcommittee hearing to go forward." In an earlier interview with the same source, we were told that "Senator Shelby tends to grab things like this for his own purposes, and his own purposes don't always mesh with what's best for the public."

Translation: Senator Shelby has sold out America in the name of special interests, and sold out the small investors to the hedge funds and their multi-millionaire clients. According to a trader who has been in the business for over 20 years, "the issue of naked short selling, or to put it more bluntly, 'stock counterfeiting', affects nearly every person who has ever bought or sold stock or invested in mutual funds. This scandal has cost investors and companies trillions of dollars, cost our country billions in tax revenues, and the money stolen from investors has even found its way into the hands of organized crime and terrorist organizations."

While Congress and the SEC, who are and should be responsible for insuring that our markets are fair and honest, do nothing as company after company is forced into bankruptcy, and while private investors lose millions of dollars every single day, offshore hedge funds, whose clients are already multi-millionaires, continue to move money out of America and into tax havens in Bermuda and the Cayman Islands.

When the stock market began its precipitous crash in 2000, eventually losing 38% of its value (with NASDAQ stocks losing 60%) and trillions of dollars, that money didn't simply "disappear." It just changed hands, from long investors to hedge funds and short sellers, and much of it was moved to offshore tax havens, out of our economy, out of our tax coffers, out of America. It is the largest money drain in the history of our country, and thanks to the inaction of Congress and the SEC, it is still going on every day.

In the meantime, an eleven state task force, under the auspices of the North American Securities Administrators Association, has begun its own investigation into naked short selling, and is already plotting a strategy to deal with the massive scandal. In a September 8th letter from Ralph Lambiase, the head of the Connecticut division of securities and business investments, who is heading the task force, to Dave Patch, editor of www.investigatethesec.com , Lambiase says:

[billiondollarman]

CONGRESS SEC HEARING on NAKED SHORT ABUSE
DALLAS (June 26, 2007) -- For the first time in over a decade, all five members of the U.S. Securities and Exchange Commission (SEC) are testifying together in a hearing today at 2 p.m. EDT. The commission, summoned by Congress, is expected to defend itself against accusations that its focus has shifted toward business interests and away from the individual investors, and to respond to public outcry surrounding continual short selling.

SEC Chairman Christopher Cox and Commissioners Paul S. Atkins, Roel C. Campos, Annette L. Nazareth, and Kathleen L. Casey are set to gather before the House Committee on Financial Services regarding numerous regulatory issues.

An issue expected to be addressed in the hearing is the concern surrounding foul short selling and unrest among investors.

"The commission is eager to discuss its investor protection efforts - past, present and future," John Nester, SEC spokesman, said in a statement. "We have a great investor protection story to tell and we're happy to tell it."

Last week the commission voted unanimously to adopt amendments to build muscle for Rule 105 of Regulation M, which helps prevent abusive short selling and market manipulation. The rule ensures that offering prices are set by the natural wave of supply and demand for the securities being offered, rather than by a manipulative hand.

According to a press release regarding the vote, the amendments replace the rule's current limitation on covering the short sales in the offering with a prohibition on purchasing in the offering after a short sale in the securities.

The change was in response to continual non-compliance with Rule 105. Under the new rule, if a person sells short during the period prior to pricing, that person will no longer be able to purchase the offered security. However, to ensure the rule does not "unduly" limit the possible purchasers in follow-on and secondary offerings a restricted period short seller is permitted to participate in an offering if they make a legitimate purchase prior to the offering.

And its not just short selling at the table today - the SEC will discuss a variety of regulation and policy issues, including the pending securities lawsuit before the Supreme Court in which commissioners sided with investors still fighting the Enron scandal. The 3 to 2 vote was stomped by the Bush administration declining to side with investors in lawsuits involving investment banks, attorneys or vendors entwined in "fraudulent" activity.

[billiondollarman]

Nice statement what does that have to do with your experience with Bashing or Market Maker GAMES that you have seen.. I WILL REPEAT I AM NOT TRYING TO DISPROVE IF THIS EXIST WE HAVE OTHER BOARDS FOR THAT. THANKKKSS

[billiondollarman]

Well Hello nice to everyone seem to be interested in the board.. Well Remember the TOPIC. If you forget read the Ibox... thanks

[poster44ny]

Hi

[Kindergartenkid]

Thanks Billion, I am still very tired from my drive and no sleep for quite some time as in the bush you sleep with 1 eye open 1 eye closed a loaded gun and a spare clip in the other hand ans that is to protect you from the field mice now let me tell you how big the rabbits are. hahahahahaah I have been back for 12 hours and I can't stand the noise of the phone ringing already ... KID

[billiondollarman]

HELLO KID Welcome back and welcome to your new job as ASST MOD haha.

[Crazy Money]

Are you kidding? "Tough luck if the truth hurts." ...

why waste your time when you do not own a stock... and constantly bash the stock and any shareholders in the stock... if there is not some kind of agenda involved... makes no $ent$... seriously...

if that truth hurts...

Fine... waste all your time bashing stocks that you do not and have never owned shares in... and the shareholders, traders or whatever in the stocks... yep... makes so much sense to me anyone with 1/2 a brain cell... there is no agendas in that stuff except to save people from the horrors of the stock market... WHATEVER MAN!

[jimmenknee]

To: i-lensman who wrote (70458) 4/21/2001 8:28:44 PM
From: Anthony@Pacific Read Replies (6) of 100871

Notice of termination of all association with The truthseeker.

As of Yesterday.

I wish him luck in his current business venture as a paid researcher/basher..

I dont pay for any posts..period and I'm not gonna start ever doing that.

Please dont ask me to elaborate , just know that he is being paid now by outside parties.

He has done some good work and we have had some good times , but all good things must come to an end..someday.

Peace,
A@P

http://siliconinvestor.advfn.com/readmsg.aspx?msgid=15699947

[jimmenknee]

Securities and Exchange Commission:
450 Fifth Street, N.W.
Washington, D.C. 20549-0607

Dear Mr. Katz,

Re: File # S7-23-03

I just got asked by a securities attorney to addressing to you whether or not naked short selling is indeed an effective way to combat the most common securities fraud of them all, the "pump and dump". He mentioned that the vast majority of comment letters sent to the SEC demanded the doing away with of naked short selling. He also mentioned that the defenders of naked short selling were almost unanimous in citing the beneficial effects of naked short selling on curbing "Pump and dump" frauds. I too have noticed that several of the Reg SHO comment letters that just made it in under the 1/5/04 deadline supported the thesis that without their ability to naked short sell shares, pump and dumpers will go nuts and run the PPS of scam companies up astronomically. This issue has been raised as a defense for naked short selling for the last two decades and is nothing new. If I could be allowed to dissect this thesis in greater detail.

Theoretically, these proponents of naked short selling would fall into one of 2 camps. The first camp would contain those ultra-compassionate human beings that have a genuine concern for the victims of pump and dumps which are the naïve investors that paid way too much for shares only to watch the PPS fall out of bed once the pump phase had ended. The second camp would be comprised of those that just detest pump and dump fraudsters and want them stopped. Collectively these people are generously volunteering their "services" to the SEC to help address pump and dump frauds.

Let's take a look at the prototypical pump and dump. "Acme" is run by a crooked CEO and is trading at 10-cents per share, which we'll assume is a fair market valuation. The crooked CEO hires a sleazy promoter to run the PPS up to $1 per share where both the crooked CEO and sleazy promoter intend to dump their shares upon naïve investors. The insiders had previously acquired most of the shares via legal or illegal means. They may or may not be filing the appropriate 13 (d), 16 (a) s and Rule 144 paperwork. The crooked CEO has 4 blatantly inaccurate press releases ready to go. The sleazy promoter starts spreading the false information and the pump is on.

Now just what are these compassionate "shareholder advocates" volunteering to do for the SEC and these "about to become victims" of the pump and dump. They are basically volunteering to put on a pseudo-deputy's badge and step up to the plate and sell nonexistent entities into the buy orders of these "about to become victims" at let's say the 60-cent level. They don't own any shares and they didn't borrow or make the affirmative determination in writing of the "borrowability" of any shares. They are generously volunteering to take the new investor's money and introduce into the system "counterfeit electronic book entries" (CEBEs) that artificially increase the supply of shares that can be sold at any instant in time. This dilution, of course, does damage to not only the investment of the new investor, the object of this compassionate advocacy, but also the corporation itself as well as the investment of all preexisting shareholders. The question begs to be asked as to why a genuine "shareholder advocate" would take the money of the investor that he is trying to protect from the fraud. This "deputy's" machine gun seems to be locked on and the bullets are hitting everybody in sight.

After this naked short sale, the "shareholder advocate" and the "about to become victim" that he is theoretically looking out for have goals that are 180 degrees diametrically opposed. The investor wants the price per share to go to the moon and the "shareholder advocate" wants the corporation to go bankrupt. So much for the wearing of a compassionate "shareholder advocate" hat. What would a genuine shareholder advocate do if he noticed a stock trading at $1 when he perceived it to be worth a dime? He'd probably E-mail the SEC and ask them to take a peak at the situation. He sure as heck wouldn't sell things that don't exist and do harm to the buyer of these nonexistent entities, other shareholders of the public corporation, and the U. S. corporation itself.

Investors have the right to legally place bets against the future of a public corporation. This is called short selling and it involves borrowing "real" shares before they're sold. This thing we refer to as "naked" short selling, allows these compassion-filled "shareholder advocates" volunteering to take the investor's money, to place their bet in such a manner that the "odds" of winning the "bet" are enhanced BY THE VERY MANNER IN WHICH THEY PLACED THE BET i.e. by selling nonexistent entities that cause massive dilution because these nonexistent entities can in turn be sold by their purchasers at any instant in time. This activity, when done for a long enough period of time or by enough "compassionate volunteers" doing it with enough "compassionate zeal", leads to the self-fulfilling prophecy attached to naked short selling i.e. the insolvency of the preyed upon company.

Is there any merit to the argument of these volunteers willing to deputize themselves and take the investor's money? Yes, the investor in question did get in at the 60-cent level instead of at perhaps the $1 level. But due to the nature of naked short selling, the investor handed his money to the naked short seller and got onto a down escalator heading toward the basement floor represented by the bankruptcy of the company. The naked short sellers are the "gatekeepers" of this "down" escalator. In betting on your horse against a buddy's horse, in common law the act of the placing of the bet does not allow you to poison your buddy's horse.

The much more common scenario involving naked short selling is for these "volunteers" to come upon Acme while it is trading at $1 and in their infinite wisdom decide that the 10-cent or penny level would be more appropriate. After all, pump and dumpers don't make an announcement at the 10-cent level that we're starting a pump and dump. Thus the argument that it would have a deterrent effect on pump and dumps seems a bit weak. Naked short selling "bear raids" take on an all or none aspect. The price per share of a stock trading at generous market cap levels does not magically find its "appropriate" price level after the attack. These companies get crushed.

What is really interesting about this whole issue is that Reg SHO could wipe out naked short selling once and for all if structured appropriately. Since the naked short selling "fraudsters", as opposed to their recently created "Reg SHO fighting cousins" the naked short selling "volunteers", have massive preexisting naked short positions, they have to fight this proposed regulation. If the truth be known, the very best friend in the world to a naked short selling fraudster IS the pump and dump artist. There is a phenomenon I refer to as the "hijacking of a pump and dump". All the naked short sellers have to do is identify and follow around crooked CEOS with a history of pump and dump orchestration and start selling these "Acmes" after they have made their 400% upside move, and then ride it all the way into the ground. The crooked CEO is the one guilty of the 10 b-5 misrepresentation frauds and he incurs the risk of criminal prosecution not the naked short seller. Imagine that, all of the benefits and none of the risk. When it's time to force the price per share into the dirt, the paid bashers will correctly point out the history of pump and dumps that this crooked CEO has been associated with. Now the public image of the naked short selling fraudsters and their paid Internet bashers is that of a credible hero that saved the day.

Another glaring weakness in the "cure for pump and dumps" argument is this. After "dumping" their long positions, the pump and dump fraudsters typically go net naked short during the last half of the "dump" phase. That is, once their shares are gone they keep selling in a naked fashion. After accumulating a gigantic net naked short position, these corrupt insiders will typically reverse split the issuer's shares and watch the post-reverse split market capitalization and price per share fall completely out of bed. They then cover this naked short position via a death spiral convertible or just let the company become insolvent. THE BIG MONEY IS MADE IN GOING NET NAKED SHORT AFTER THEIR "REAL" SHARES ARE GONE AND NOT DURING THE FIRST HALF OF THE DUMP PHASE. THE ARGUMENT THAT NAKED SHORT SELLING IS A DETERRENT FOR PUMP AND DUMPS IS SHEER LUNACY. THE SECOND AND MORE LUCRATIVE HALF OF THE "DUMP" PHASE IS NAKED SHORT SELLING IN THE PROTOTYPICAL PUMP AND DUMP.

If I was currently naked short thousands of micro cap companies and had billions of dollars at risk and I saw the Reg SHO proposed ruling coming at me I think I would also play the "It's a good cure for pump and dumps" card. What other cards are there to play in justifying the killing of thousands of U.S. micro cap corporations and the investments made therein by tens of millions of U.S. citizens? At a casual glance, it might make a little sense that naked short selling would be an appropriate antidote to "pump and dump" frauds but with further scrutiny this theory doesn't hold water. Part of the problem is that being a genuine compassionate "shareholder advocate" just does not pay very well and therefore you don't see much of this activity from naked short sellers or Internet bashers for that matter.

In summary, if the Reg SHO issue did not present itself for public debate, these "volunteers" would not have to take on the unenviable task of prescribing to the SEC, with a straight face, that the best treatment for fraudulent pump and dumps is fraudulent naked short selling. After this Reg SHO issue simmers down, then the naked short sellers can go back to looking upon the pump and dumpers as being their "meal ticket" and not their enemy.

Dr. Jim DeCosta

http://www.sec.gov/rules/proposed/s72303/jdcosta012204.htm

[Jim Bishop]

I disagree, officers, directors, insiders, funders and promoters of public companies are fair game if their actions are not in the best interests of the company and it's shareholder's at large.

Most of what some people call "bashing" is valid and pertinent information that is in the public domain.

Tough luck if the truth hurts.

[Crazy Money]

And make their whopping 2% to 10% gains if they are lucky... or get screwed over just like on any stock and buy high and sell low... or have an enron pulled on them... those who go to stocks they do not even own and bash people are the worst of the worst...

[Jim Bishop]

Archive for the 'ezBanc-A Stocklender's Journal' Category
Liquid Paper

Tuesday, June 5th, 2007

The problem:

There are over 1.3 trillion dollars worth of restricted securities (stock) trading on the U.S. stock exchanges held by thousands of corporate officers, directors and affiliates of publicly traded companies as well as both institutional and accredited investors. As you will discover, most of this [restricted] stock is almost worthless to it's holders as their ability to liquidate these shares has been heavily restricted by the Securities Exchange Commission (SEC) to protect public investors and the viability of the issuing company itself. Because of this, this particular group of shareholders is often "paper-rich" and "cash-poor".

As an example, imagine having an ATM machine in your home or office that holds $2,000,000! That's a lot of money, and you are a millionaire; congratulations! Now imagine that the SEC will only allow you to withdraw a maximum amount of $2,000 every ninety days; Still feel like a millionaire?

So what happened? Well, in 1933, the (SEC) created Rule 144 to prevent these shareholders from taking actions that could be damaging to the companies that the shares were issued from as well as public shareholders of such companies. Rule 144 says a lot, but probably the most noteworthy is that a restricted shareholder cannot sell more than 1% of the company's total outstanding shares every 90 days. For some this isn't always such a bad deal, but for most it is liken to wearing solid gold handcuffs.

Enter the Stock Lending Industry

To meet the demand of shareholders seeking liquidity from their shares without selling, private lending companies began lending on free trading and restricted securities in the early nineties with some degree of success. However as the industry grew, problems began to arise, as some lending firms began to use hedging strategies that were risky, and often would result in the inability for a borrower to reclaim their shares once the loan had been paid off. Another problem that developed was that these loan programs caused many suits and began to come under scrutiny by the IRS or SEC, resulting in governmental litigation and a lot of unclear opinions as to what constituted a loan, what constituted a sell, and how one should be able to borrow against their restricted securities.

Because of these problems, the stock lending industry began to lose its luster and the search was on to create a better loan product that could give borrowers what they required, yet at the same time meet and exceed every regulatory and compliance hurdle that faced the borrower, lender and agents alike.

The New Solution: Ajene Watson creates the True Loan;

Stock Loan

In October of 2006, a new loan program emerged that would change the face of the industry and solve every problem that lenders, borrowers, and agents had faced in the past. Creating this new loan product wasn't an easy task; Four years in development, this new loan product has been now supported by a number of contributions from SEC, FRB and U.C.C. specialty attorneys, IRS and tax consultants, investment advisors, and even a former assistant deputy director of the SEC's New York Enforcement Branch.

Aptly named the "True Loan;" by its creator, this new loan product is the only bona fide stock loan program available that can be obtained against restricted shares and still allow the shares to remain in the borrowers name, and all parties remain in full compliance with Federal Reserve Board (FRB), Uniform Commercial Code (U.C.C.), and most importantly, SEC regulations.

It allows an individual shareholder with those pesky restricted securities to borrow up to 80% of the assets value at interest rates as low as 4%, with terms ranging from 1-7 years, and the transaction is 100% private with no filings required. Even the issuing corporation itself can utilize its treasury or restricted shares to obtain financing to replace debt, enhance acquisition purchasing power, or a host of other possibilities.

The best feature of the True Loan;, and this is what really sets it apart from anything else in the marketplace; is that it is the only transaction offered by a private lender, that allows a restricted shareholder to receive non-recourse type financing, while the borrower's shares are allowed to stay in certificate form, in an account, both being in their personal name. Why is this such a big deal? It is a big deal because it means that a borrower [affiliate] will never have to worry about whether or not those shares will be returned when the loan has been re-paid, because they are safe and sound for the duration of the loan. The borrower never has to be subjected to carrying the full liability of the loan, attach other assets, provide personal guarantees or be concerned with their creditworthiness. The lender has no access to the shares which guarantees that the stock will never be traded, shorted, sold or exposed to any other type of risk. This is an industry first and it's a big part of what makes the True Loan; a bona fide "true loan".

But wait a minute;

You might be asking yourself why these shareholders can't just go to a local bank or brokerage house, and obtain financing against their shares. Actually they can, but the real question is would they really want to?

You see, banks and broker/dealers generally charge margin or maintenance fees, cannot offer LTV's higher than 50%, usually charge high interest rates, and require personal guarantees and credit checks. The most important thing you should know is that they typically will not even lend against restricted shares to begin with, especially those that are not marginable.

Now the "everyday" private lender on the other hand, can offer non-recourse loans with much higher LTV's, much lower interest rates, do not require personal guarantees (other than the pledged shares), or credit checks. A private lender however, typically cannot or will not lend against restricted shares, without the transfer of ownership.

So what sets ezBanc apart from other private lenders? Simply stated, it is the True Loan; program, which offers the same features as other private lenders however the one major difference is that the True Loan program will lend against restricted shares, and allow the shares to stay in the borrowers name, all in a non-recourse type financing environment; an industry first.

So what does it all mean?

It means that shareholders holding restricted securities now have a viable option to allow them to receive much sought after capital without selling their valuable stock. They can use the proceeds for such purposes as purchasing real estate, starting a new business or recapitalizing an existing one, or simply making a life-long dream come true.

For more information, contact:

www.truestockloan.com

http://209.85.165.104/search?q=cache:4iyx_jboTBAJ:blog.qualitystocks.net/%3Fcat%3D21+sswm,+ezbanc&am....

[Stock]

that SEC thread needs a moderator. I posted all the actions the SEC took every day for several weeks and got an eyefull of it.

I'm sure the criminal stock operators read that stuff. And maybe Hollywood movie types, too... some of the stuff is better than fiction!

I liked reading this one a lot:

http://www.sec.gov/litigation/litreleases/2007/lr20305.htm

[rjbluesky]

lol. There's some delusional people hater story telling folks out there all right. I guess it would depend on which side of the fence the investor sits as to which side we hear.

Thanks for the informational link!

[Stock]

IMO the internet is full of delusional investors perpetuating the hackneyed myths spun by misanthropic raconteurs.

I read the SEC Enforcement web page every day. If there are any cases of brokers and market makers being fined for illegal short selling in the past 2 years, I am unaware of them, or consider their number insignificant compared to the various cases of stock operators being fined and sanctioned for various forms of misdeeds, including securities fraud.

#msg-17969541

[rjbluesky]

lol. I agree with that Jim. Who buys OTC and pinks and grays for that matter? I do. Where did I go wrong? lol.

[rjbluesky]

The internet gives a good discussion of the issue of illegal short selling. I've been reading links for the past two days. I think it's interesting. There have been fines to several brokerage houses for this practice. Small slap on the wrist stuff, however, fines.

Regarding mms, I didn't say they posted on message boards and am not clear as to why you brought it up, I basically stated that the mms practice of having the ability to naked short or short in general "any" stock that the public at large does not have the ability to do gives the mms an unfair advantage to make a buck over the public. However, I don't consider mms any brighter than the average investor. They just have a big advantage over the public to make money.

The only suggestion I can give about not liking to read recycled information over and over again is to stop reading it.

All IMO.

[Jim Bishop]

ssshhhh, but the "average" investor has never heard of places like IHUB and they certainly have never heard of the OTC BB much less the Pink and Grey Markets.

They buy real companies on real stock exchanges.

[Stock]

What illegal short selling?

What MMs are posting on message boards?

Do tell.

I've read the re-posted material from Raging Bull. I am tired of reading that recycled crap over and over again.

[rjbluesky]

lol Dr Worm. This board was not created to attack individuals with different points of view. I see this board as a source of information or oasis for discussion by those that may have a lack of understanding of questionable stock trading tactics of certain groups or individuals in the market place. In other words, it's bad enough having the mms running against the average investor for their own profit, adding illegal naked short selling or bashing stock boards w/o facts into the mix puts the average investor in an unfortunate unfair disadvantage. Of course, that is the American way of life and viewpoint for many nowadays. Money does funny things to certain folks minds and morals.

All IMO.

[Kindergartenkid]

I am back from shooting anything that moved in the bush or on the road to the bush just for practice. I have a moose, a black bear, and 50 partridges(grouse)..... in my freezer and now I am waiting for DEER season to open up in NOV.... KID

[Stock]

I thought the purpose of this thread was for the "true longs" of the world to personally attack other iHub aliases that don't share their views?

if so, why is this thread allowed to continue to exist?

Maybe I am missing the point, and this thread is about every other stock site OTHER than iHub???

[billiondollarman]

Taken care of Thanks Jim haha

[Jim Bishop]

How come SWVC isn't off topic here? LOL

[rjbluesky]

INFO From The SI Thread...

Grandfather Provision Eliminated

October 15th

Readers here is why October 15th is a historic date for all stocks. On this date a major countdown begins for failed to delivers. This will change the entire markets!

SEC Regulation SHO sets out rules governing short sales, including the mandatory close-out requirement that applies to securities in which a substantial amount of fails to deliver have occurred (“threshold securities”). Clearing agency participants and broker-dealers for which they clear positions (“participants”) must take immediate action to close out a fail to deliver position in a Threshold Security that has lasted for 13 consecutive settlement days by purchasing securities of like kind and quantity (“close-out requirement”).

The amendment eliminates one of the exceptions to the Close-out Requirement for fails to deliver established prior to a security becoming a Threshold Security (“grandfather provision”). The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15th. The close-out must occur within 35 consecutive settlement days of October 15th. If a security becomes a Threshold Security after October 15th, all fails to deliver must be closed out within 13 consecutive settlement days.

SEC Link: http://tinyurl.com/2ofmao

[VivaLasVegas]

I'm not disagreeing with you.
Amazingly well.

Someone one is Buying a Boatload of Stock.
Means it's going higher (most likely, my opinion only) than even some of the most bullish guesses on this board.

Take care and keep me in the loop.

Viva

[Xeller8]

Heck yes...I saved us like a 1% downtick this morning...WOOT!...LOL!

Yeah...this is ugly right now.

Think it's more manipulation by the MM's??...or just too many impatient peeps?

[billiondollarman]

Please stick to topic. If Matt or IHUB Admins have a problem they will tell me to take it down or remove it themself.

Thanks

[jimmenknee]

hmmm, but it is (in part) about examples of bashing and has already had a contributing "story" about an ihub poster.

Just because you didn't mention the board or poster, it was/is pretty easy to find out exactly where the post originated and who you were talking about.

With all due respect billiondollarman, that's sneakily hypocritical. Also maybe it is not your intention, but a consequence of pronouncing these as basher "tactics" will result in people seeking the source and labeling posters.

A subliminal goal is then to "expose" posters?

[VivaLasVegas]

We're down less today, look at it that way. LOL
This is ugly.

Not unexpected, since we haven't heard a peep for nearing 3 weeks.

Viva

[Xeller8]

*still hanging head in shame*

*sniffle*

[billiondollarman]

DOWN Does that have anything to do with what is in the IBOX? No it does not they have other boards that discuss the topic you are on. Please stay on Topic/

[billiondollarman]

Good Morning everyone. Lets have a good day and if you are confused on what the topic LOOK AT THE IBOX. If you have a problem with it then ummmmmm hmmm OH WELL we have other boards in IHUB for you to post on. Thanks Everyone.....

[DownWithPumpers]

When you lose money on an investment that's your chance to learn something new. You should find out what made the stock price move that you didn't know about in advance. When you whine about market-manipulation that's your chance to remain in ignorance about what makes stock prices move.

[billiondollarman]

Thanks American!!!!

[billiondollarman]

Nice try but stay on topic. The board is not about other posters. thanks

[Jim Bishop]

Noun: calumny

A false accusation of an offence or a malicious misrepresentation of someone's words or actions
- defamation, calumniation, obloquy, traducement, hatchet job

An abusive attack on a person's character or good name
- aspersion, slander, defamation, denigration

[Jim Bishop]

Of course, my 'buddy' Foggy wrote it for the IDWD thread here.

He had no idea that there were people out there dumb enough to actually believe any of his rewrite of firebird's "Confession" and he sure didn't think it would be spread far and wide, possibly for years to come.

Here it is, I especially like the part I put in bold:

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Confessions of a Paid Stock Basher..

Today I want to come clean about something I feel very badly about. I cannot undo some of the things I have done, but hopefully this message will prevent other such occurrences in the future.

I am a paid basher.

Yes, it is true. Today is my last day at this company; I'm moving on to a new job. I've realized that there are more dignifying jobs out there that can pay me equally as well. But before I go, I want to explain a few things because this just isn't right and I won't feel good about myself until I expose this sham. It's hurt too many people and I don't want it on my conscience anymore. I can no longer live with a lie.

I work for a company called Global Calumny Funds in Stamford, CT. Basically, it's a Boiler Room much like the one in the movie of the same name. The idea behind my group is to bash the price of a company's stock down low enough to where the group of investors who retained our company's services can buy the stock really cheap and perhaps even take it over all together.

There are approximately 70 people at the company divided into several groups. My group, consisting of 5 people, is responsible for IDWD. While I probably shouldn't give any names of anyone working here now, what the heck, I'm leaving here, so what can they do? sue me? Ha! I can tell you that laptoptrader and janice shell were part of my group until he left last week, as was ninaturtle. Others who have been part of this include early bashers like hard data and Investorman. You may be interested to know that some hypsters, such as MONEYMADE and even Datatech!!, have also been part of the scam (more on that later).

There are several companies engaged in the bashing business, ours is not the only one. However, I can tell you that not every basher in here is a paid basher. Having done this for a year, I can usually tell who is a paid basher and who is merely someone
having a little fun. While unpaid bashers have a different motive than someone like me, they can be unwilling accomplices to helping me achieve my ultimate goal and they also spread rumor and confusion throughout a room, which also helps me.

What is that goal? Well, I am merely a cog in a much larger machine, so my bosses never really explained the big picture to me, but I'd say essentially, Shaddowwatch2oo3 was right. There are several companies who are quite familiar with Jim Bishop and Janice Shell and who are deathly afraid of them.

There are three types of bashers here at Global Calumny Funds: Advanced, Intermediate and Beginner. An Advanced-level basher (also known as a Silver Tongued Devil) would spread false or misleading information about the company.
They would deal in facts, countering every longs post with articles, news reports and opinion surveys that gave a negative impression about the company.

An Intermediate-level basher (also known as a Serpent) would try to weasel their way into the confidence of longs and create doubt using rumor or innuendo.

Finally, a Beginner-level basher (also known as a Pitchfork) would attempt to create confusion in the room by distracting other posters with satire, name calling and pointless arguments. The idea was to make sure no serious discussion of the stock
could take place. A Pitchfork was usually a basher, but not always. Sometimes, we would throw in a hypster Pitchfork such as MONEYMADE and laptop and a pumper like Datatech to create the illusion of an argument going on. What was really funny (in a perverse way, I guess) was that Datatech and I sat next to each other, laughing the whole time.

I was a Serpent basher, because I am known for effective bashing based on solid facts and truth. I was paid a base wage of $18 an hour for my services. I was given a $1.25 bonus for every decent quality post over 100 per day as well as a monthly bonus of $100 for every penny the stock had dropped from the previous month. I was also paid a bonus for bashing on weekends. While this may not sound like much, I made a decent, though dishonorable, paycheck plus a nice Laptop with free wireless internet connection.

Each of us sat in a small half-cubicle in a cluster with our teammates. Each group (usually five people) was made of three beginners (two who would bash and one who would hype), one intermediate and one advanced level basher. Occasionally for some
of the hotter stocks, one of the beginners would be replaced by an intermediate depending on how much the stock was rising. IDWD was a low-level stock, meaning it got the 3-1-1 configuration.

Honestly though, somehow, I get the feeling that WV Hillbilly may have worked for a basher company or knows someone who does because the fund websites he occasionally posts is eerily similar to our employer's websites. While not exact, I'd say it is about 90 percent the same. We do have certain rules that we follow.

First, we have to develop a character and stay within that character in order to build a "following." My character, "FogOfWar," was a humorous, sarcastic, obnoxious supporter of free speech and loved to portray himself as a truth-telling superhero, but only when it came to bashers.

Next, we had to follow certain guidelines on what we could say. We were urged to have an "answer" to every long's question, but we were to frame that answer in a way that ridiculed the questioner for asking such a question. However, we were never to use profanity or vulgarity because that would cause people to ignore us. We were to make fun of people, but in a civil way. The idea was to get "play," i.e. reaction from other posters. The more play we got, the more the room would be disrupted. Ignored posters get no play. One exception would be the hypsters since they were "defending" the stock against our onslaught, they got a little more leeway. People would side with the hypster because they thought he was real since he appeared to be on their side, but was really on ours, setting us up to disrupt the room. MoneyMade was quite good at this and gets paid very well.

I've worked on IDWD, VLO, AGII, QBID, BKMP for a few months now. In addition to the FogOfWar alias, I've used a few others on several other boards as well. I've used so many aliases that I can not remember the monikers or the passwords. I honestly lost track of everything. I stuck with FogOfWar because it was the one that got the most play from other posters.

In closing, I feel absolutely terrible about this. It's just awful how I've been part of a scam designed to cheat honest, hard-working people out of their investments all for the
benefit of a few wealthy people who already have enough money to last a lifetime.

These greedy people MUST be stopped. That's why I'm posting this before I leave. I want to make up for some of the damage I've done. I can't live with this lie anymore. You can't imagine how hard it is to look at myself in the mirror each morning knowing my job is to cheat and lie.

I have to go now, I'm too broken up to continue. I hope this confession can make up for my sordid deeds; I would urge everyone who reads this to inform as many people as you can. Only by shining the light of truth can we drive these rats back into the darkness from whence they came. Believe me, they don't want publicity.

Good luck and I hope all of you the best in your investment endeavors.