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There's a few more posts on the LUXD board. (LOL)
Thanks VC for the clarification. See around VLCO when we get some news.
i dont think ive ever deleted a post as a mod.....
cept some of mikey's and then he sent big AL to see me.
i dont delete posts.
but, i know who does.....it's called ''ihub mod squad''....they are there to save you. do you feel saved?
Hey what's up over here, I'm still holding VLCO as well though the new mgmt isn't telling us much about anything except that they have the library in NJ
By the way, are you the one deleting the posts on VLCO.....just asking...and if you are, well, don't..lol
what about VLCO, mikey??? progosis....time to buy time to sell?
Still Holding. :*)
consensus from the get go was fb was...
over priced by 40%....mikey...75%??? lol. lots cashed out and still are....
what about VLCO, mikey??? progosis....time to buy time to sell?
Man I would not be surprized by that either.. FB
Folks,, Tell ya what about FB.... LOL
If any MM or hedgie or whoever, ever had a problem with FB,, They could make Overstock look like a kiddie toy... LMAO!!!
Wouldn't be a bit surprised to see the price come down 75% either.. :*)
Alans post for Corsq board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75625280
Interesting read:
Short-selling litigation
An enlightening mistake
May 15th 2012, 18:16 by M.V. | NEW YORK
A RARE slip-up by lawyers has helped to shed some rather interesting light on a high-profile legal battle, the details of which some of the largest Wall Street firms have been fighting to keep under wraps. In 2007 Overstock, a Utah-based online retailer, sued a dozen big brokers, alleging that they had caused its share price to fall sharply by helping their clients to engage in “naked” short selling.
In a normal short sale, the shares are borrowed (or at least “located”) with a broker’s help before being sold. In the naked version, there is no attempt to pre-borrow the stock or even check that it exists. This can create “fails to deliver”, where the trade is not settled when it should be because there are not enough actual shares available for delivery. This messes with the laws of supply and demand, allowing shorting to take place beyond the natural limits set by the number of borrowable shares. Regulators have long frowned upon naked shorting. The rules against the practice have been tightened up a number of times over the past seven years.
As the pre-trial discovery period proceeded, Overstock narrowed its focus to two firms, Goldman Sachs and Merrill Lynch, now part of Bank of America. Just before the case was set to go to trial in California, however, the judge dismissed it on jurisdictional grounds, ruling that not enough of the alleged wrongdoing had taken place in the state. Overstock appealed and pushed for all of the evidence to be unsealed. The defendants argued that virtually everything should remain sealed, in part because the documents contained “trade secrets”. Four media groups, including The Economist, jointly opposed a motion to seal on public-interest grounds. The judge decided that some of the documents should be released but stayed his ruling, pending appeal.
That was how things stood until the end of last week, when the defendants’ lawyers sent their opposition to a plaintiffs’ motion to the other parties in the case. One of the exhibits attached to this, presumably inadvertently, was an unredacted version of an earlier filing by Overstock, opposing the defendants’ motion to seal papers. Within this exhibit is an intriguing six-page section, “Facts Defendants Improperly Seek to Seal” (pages 14-20 of this http://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf ), containing excerpts of e-mails written by Goldman and Merrill employees.
In a number of these, they discuss deliberately failing to settle client trades. One Merrill executive suggests the firm “might want to consider allowing…customers to fail,” to which a colleague replies: “We are going to look into that.” Another asks: “How and when can we prevent the delivery [of shares]?” In another e-mail he requests an update from a lieutenant on “how we are going to fix fails and I want to know what we nees [sic] to do to make 369 market makers fail.” In response to a question from a large client about efforts at “cleaning up” fails, a Goldman man says that “we will let you fail.” In another message, he refers to a senior colleague “really backing down from…cleaning up fails.”
Compliance officers repeatedly questioned this behaviour, according to the filing. A Merrill compliance person is quoted describing it as “totally unacceptable—we are failing when we have over a million shares of stock available…Is there a blanket agreement that we allow every market maker client to continue failing even if there is enough availability?” She adds that fails need to be “cleaned up regardless of who is causing them.”
The e-mails also suggest close commercial links between the two firms and at least one trading outfit that was a target of regulatory probes into shorting violations, SBA Trading. In one message, a Merrill employee forwards a sanctions order against SBA’s Scott Arenstein to a counterpart at Goldman, referring to Mr Arenstein as “our boy” and asking: “You think there will be any fallout on clearing firms?” The Overstock filing also refers to a telephone transcript in which a Merrill compliance officer and a colleague discuss the fact that Mr Arenstein’s “recycling” of short sales is “not okay”. In another e-mail, the deputy head of Goldman’s securities-lending group describes Mr Arenstein as being “the other side of a lot of our activity.”
Other missives suggest a cavalier attitude to the rules. In a 2005 e-mail, the president of one of Merrill’s stock-clearing businesses responds to internal concerns about the intentional failing of short sales thus: “Fuck the compliance area—procedures, schmecedures.” He has since assured the court that this statement was a joke, according to the filing.
Goldman and Merrill have denied throughout that they participated in any sort of naked-shorting conspiracy. Their supporters argue that the legal action brought by Overstock is a crude tactic by Patrick Byrne, the retailer’s mercurial boss, to divert attention away from its long history of underperformance. (The firm continues to struggle, despite no longer being plagued by settlement failures.) Some question the link between failed trades and naked shorting, arguing that fails are generally the result of operational problems and other factors rather than naked nefariousness.
Nevertheless, the release of the e-mail excerpts will have done the brokers no favours. They suggest that trades were being intentionally failed; that some of those involved were aware regulators would not look kindly upon some of the activity; that some of the firms’ internal policemen were unhappy with the explanations they received for the proliferation of fails; and that at least one senior executive appeared to have an unusual attitude towards compliance.
The e-mails are just a very small part of the communications and other material unearthed during the four-year discovery process. If the court of appeal unstays the partial unsealing order, there will be much more to pore over, shining more light on an issue that has hitherto been as frustratingly murky as it has been controversial.
http://www.economist.com/node/21555472
I'm not at liberty to go into details, but I will and can say, The Sh*t is about to hit the fan with federal regulators and their puppets.. All that is interested, I would suggest reading what you can on the board. Just stay in the background.. LOL.. Many of us are not posting their for reasons that can't be told, so that is the best I can say even on the island. Probubly won't say too much more about it at all.
over 1-3 Billion NAKED Shorts, and the party has started. hehehehe
on the CORSQ board you spoke of something going on with BCIT or
about to be fun over there. could you paraphase abit here so that
i may lurk and maybe learn something new for latter down the road
in my life. many thanks
Yes, Send them a registered mail stating they are not to remove any shares from any stock with out your written permission. That way it is on file in your folder. :*)
and a good threat isn't bad either, BUT,, to make things better, Threats are against the law,, But Promises isn't.. Remember that. hehehehhe
itsmikie
ST put the shares of CORSQ back in my accounts. Any heads up on a way to discouraged them from doing the same thing again?
TIA
Take Care
David
itsmikie
I second that emotion! In nice words just asked the ??? to move along.
Take Care
David
I think the last one is the most correct. :*)
so, is jb1967lbk....
a plant, a secret agent, an sec spy, a fdic double agent... or just an ordinary idiot that doesnt know what he's bashing about?
i bot when you bot.....
and kinda wish i had sold at .14....and bot back like now.....
maybe....but, now dont know what to think. you think all will be well....glad to hear it. love to hear more.
Lets just say, I have NO Worries... You know I bought most of mine in the .007-.01 range.. LOL.. Done made good, About to be a LOT better. Take it for what you like.. hehehehe
and while you are at it......
can you tell what's in store for vlco that you hear....or is it time to run for the exits?
itsmikie
Thanks!
New 52 week lows today for
GMCR
CHK
FSLR
DMND
The economy is improving as
DOW is 13,254
S&P 1400
NASDAQ 3,052
All is well 8-0 DOPE!!!
Yea,, I'll post a few shortly.
itsmikie
Do you have any new plays on the horizon? Looking for some place for my mad money!!
Take Care
David
http://animalsbeingdicks.com/page/8 just one of them days.
swear to god it was a chevelle SS 396
now mikey, do i have it right? i mean, i was on the 50 yard line, but, got run over by the camero
lol,, no,, that was the GTO Judge
LOL... Too much BS on that board.. One of big reason I took myself off. At least here, WE all can say what we want with out Ihub Mods thinking they are gods.. :*)
LMFAO, you made my evening. You have to admit, wtf, the BS could not have been better scripted or imagined. How is this imaginable or believable. I am left speechless, but, we're back at the same starting line.
VLCO has the ball, there is someone out there who is really holding the VLCO ball(s), I kid you not.lol and it still needs a story. Do we just put the message as a "postie".
The OS, AS, shareholders......I got you looking, talk to your peeps, come on, you can do it.....for Ingrid's sake.lol
She needs a voice...Thanks in advance, I'm sure about others, "if you ask, it will come".
(Legal notices, SEC filings, this board has a lot of ingenuity....)
i got lost on the 3 yard line....
vince was charging to the right, and i thought going for a touchdown, then was way laid by the refrigerator and then he pulled out a billion votes and the ref indicated the fans would rule TD, but, before it came to be the score was 0-0 and we were in OT and vince was called for a technical and ousted from the game, but, before that could happen all his close team mates took the most valuable player camero and game trophy, as well as the foot ball and left the field. so last i heard the stadium isnt going to be torn down, but, sold one seat at a time, until the cows come home. now mikey, do i have it right? i mean, i was on the 50 yard line, but, got run over by the camero
Sorry to disturb you guys, just this question....for VULCAN
can you tell me what is going on:
Valcom shareholders that visit IHUB and all other posters, can you ask the MODS why there is no information about VLCO on the IHUB VALCOM board. and why.........
There are 5 MODS on this board..........please, 1 answer at a time and thanks for taking the time to answer something that was mentioned yesterday and was deleted for being off topic.....I know that VALCOM seems to be in chaos, we don't need that to affect our board. Thanks again.
Hey Mikie, there's still room for 1 more MOD, interested? I applied but I have too many deleted posts and can reapply only on June. Thanks. GO VLCO
good. i have an island i want to buy
is this turning into one of those stocks.....
that you end up owning forever?
Don't think this was about good guy / bad guy.. It all came down on who had shares.. It looks like there might be an issue now with legitimate shares. LOL.. Might prove interesting if it is, and have to be bought back in open market, IF they got that far.
Wasn't Vince supposed to be the good guy?
ValCom Pursues New Litigation Against Vincent Vellardita; Announces Frank O'Donnell And Vellardita Resign From Board
Last update: 4/26/2012 8:30:00 AM
Maybe I got it wrong.
looks like it WW3 over there , looks to me like it might still go down further?
whats your thoughts?
Bob
UWBKQ motion for summary judgement april 20.
lol, I see things are good and normal buddy:)
Two Italian men sit behind a women on a bus. She ignores their conversation at first, but she hears this: (strong Italian accent) "Emma comes first. Then I come. Two asses, they come together. Then I come again. Den two asses, they come again. I come again and pee twice. Den I come once more." " You pigs," the lady yells, "in this country we don't talk about our sex lives in public!" "Hey coola down lady," the man says, "I'm just tellin my friend how to spell MISSISSIPPI. hehehehehe
Todays PR is Why I said, I'll be looking for more.. hehehehe
may start buying some more..
Mikey...whats your take now on vlco
Say what you want about Mitt Romney, but at least he only put a dog on the roof of his car — not the roof of his mouth
Today for lunch at the White House they will be serving Poodles with Noodles
COIN Might be one to look at for a nice bounce maybe more?
starting to move
Have a Great Day
Bob
VLCO had interesting news y'day about Special Shareholder Meeting not being allowed.
Seems to be some contention at the company by the tone of it.
Anybody have any insight?
Will be Soon.. hehehehehe
itsmikie
Are you weeeeeeeeeeeeeeeing about VLCO??!!lol Anything on their horizon you can share? And what is "hot" with you at this time?
TIA
Take Care
David
Welcome to Mikie's Island.. Where we can chat (intelligently) about stocks, or places, or Whatever .
Mikie's Island Surveys. -> http://investorshub.advfn.com/boards/board_surveymenu.asp?board_id=20897
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