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Actually, he is studying for that long stint when he'll be obliged to break big rocks down into little rocks, and then start over the next day, same thing, for years at a time.
I hear Naked Short Waldo is once again involved in Arizona rock farms.
According to some reports, Naked Short Waldo has been spotted hanging out at a couple of mines in the American southwest.
Actually, I think more and more he is being spotted up in Canada.
There he is in Chicago!
Short Seller Whacked for $2 Million
WASHINGTON (CN) - A Chicago-area trader will pay $2 million to settle SEC charges of making $1.5 million by breaking the rules on short selling.
Gary S. Bell will disgorge $1.5 million, plus $336,094 in interest and pay a $250,000 penalty, the SEC said in announcing the settled complaint.
The SEC said Bell failed to locate and deliver the shares involved in short sales to broker-dealers and their customers.
"Because the stock being provided by Bell was not truly available for delivery to the broker-dealers or their short selling customers, Bell actually was effecting illegal 'naked' short sales," the SEC said in a statement. He thus earned profits with minimal risks and gained an advantage over legitimate players.
http://www.courthousenews.com/2011/12/13/42212.htm
All we need to do now is to see what the Hyper Hypothecation activities of the large ones does to the small ones' brokerage accounts.
I think I heard he is now living in the ruins of MF Global. Or is it that he ruined MF Global? Can't tell these days.
Oh my Gawd. Oh my Gawd. This is awful! Imagine! Why, if inaccurate locates were being used, then Naked Shorts could have been executed by the unwitting and well meaning humanitarian employees of multiple major brokerages. What is even worse, these would never have shown up onthe Sacred FINRA listings. The world could come to an end if the Sacred FINRA listings are shown to have been innacurate and understated the Naked Short problem.
Oh Lawd-a-mighty! What is we going to do?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68887964
Might be that this was a sighting:
http://online.wsj.com/article/SB10001424053111903648204576554931375155722.html?mod=WSJ_business_whatsNews
Or maybe here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/16_Identities_of_JP_Morgan_Silver_Manipulators_Exposed.html
You never know about Waldo. Suggestions of his presence appear from time to time, in one place or another, in one form or another, here and there, now and then.
Slippery little character, isn't he?
no! where??
Why yes, I believe he has.
Has Naked Short Waldo been found yet?
I am glad the discussion provides you with amusement. One of the goals of my life has now been fulfilled.
I am glad the discussion provides you with amusement. One of the goals of my life has now been fulfilled.
It is a funny subject
Seriously...
Its actually very interesting to go from board to board and watch the discussions about naked shorts. There seem to be a number of people who post, almost as though it was from a script:
"FINRA don't show no shorts"
it truly is amazing how similar all of these people's posts turn out, strictly at random, or course.
How many millions were lost by investors due to the illegal activity of it's founder who
was found guilty by the SEC pumping and dumping stock on the paying and non paying members of Ih? Why don't you speak out about this? Ask why the founder was offered office space offshore at a firm who's owner was found guilty of pumping and dumping? Google it and you will be asking yourself what the real purpose is about this message board, it's not entertainment as you suggest or by reading their tou disclaimer. It simply a tool that has been GAMED to defraud the investing public. IMO PV and sulja bros were victim to these criminals. PV could have released the bogus AFS in nov 2006, he didn't and realized he was used as a tool. Read the lumberjack blog where the infamous sljb moderator turned IR calls Peter out saying andrew wasn't happy. The entire structure of this board is a pump and dump "GAMED " by a select few. As EDD says JMO
Didn't Sullivan post on a non-iH SLJB board for a few months 3~4 years ago?
Scott Sullivan Disbarred Lawyer Drained $1M Fund
May 27, 2011 … A Windsor lawyer who misappropriated more than $1 … Lawyer Dan Scott represented Sullivan before the Law Society. …
www.scribd.com/doc/56486246/Sco... - Options
He won't hafta look far. LOLOLOL!!!
Sljb board moderator during named period while being a wall street money manager and a nominee account holder. What's wrong with this picture??? Why wasn't this disclosed to paying and non paying members of this message board?
How many ihub investors were defrauded due to the lack of oversight?? How many investors would have thought twice knowing the moderator of the investment board was a nominee holder of shares? Why wasn't this disclosed??
Chad A. Curtis, Chairman of Advisory Board:
Mr. Chad Curtis became the President, CEO, Director and Treasurer of the Company on December 20, 2006. From December 20, 2006 through December 30, 2007 he headed the company and was instrumental in acquiring the licenses and technology the Company possesses today. From January 2000 through April 2001, he was employed by First Union Securities as a Money Manager and Financial Advisor. From April 2001 through December 2004, Mr. Curtis was associated with J.P. Turner & Company in the same capacity. In April 2005, he was retained by Pointe Capital as a Money Manager and remained in that capacity, on a limited basis, through April 2006 when he became associated with Markwood Capital, a division of Acosta Financial Services, where he remained until August 2006. He has, for the last several years, also been engaged in the acquisition and sale of pre-construction and post-construction residential real estate. Mr. Curtis has experience in corporate and financial transactions involving both public & private markets, developing startup companies, and real estate development projects. Mr. Curtis will continue as the Chairman to the Advisory Board for the immediate future.
asus
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Sunday, June 05, 2011 6:49:00 AM
Re: akron post# 8612 Post # of 8661
Chad learned from Andrew DeVries in the SLJB scam that you need a front-man when your image is already trashed. Chad made it appear as if he was gone (awarded consultant fees and shares) yet, all he did was prop up a front-man - Glusic.
asus
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Sunday, June 05, 2011 8:25:04 PM
Re: againstallodds post# 8649 Post # of 8661
I am no expert, I just knew it was a scam early on. Having seen Chad answer the telephone as 5 different people with my own eyes, and having seen him use about 10 different ID's on IHUB was enough for me to know that this would be a scam. I put my warnings out, as did others, and that is all we could do. If people still bought it and got stuck then they didn't do their DD.
Ask Edd, she inherited the role, catch up on your facts and understand what type of role this message board played in the pump and dump
ROFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
dont know. who is he?
Well, well, here's another article which provides a suggestion as to where WALDO might be living these days:
http://biomedreports.com/200906291683/reporters-inaccurate-articles-are-becoming-patient-safety-issue-claims-biomedical-company-ceo.html
Here is a link to an article from Israel about HWere Naked Short Waldo might be these days.
http://www.globes.co.il/serveen/globes/docview.asp?did=1000659685&fid=4113
What I find more intriguing, however, is the possibility of Naked Shorting of the stock by domestic or off-shore parties that was separate and distinct from the original pump and dump. As we have seen from the disclaimers on some of the "Stock Advisory" sites out there, there are those who will short those stocks which they believe to be pump and dump operations, for profit. It doesn't take a major stretch of imagination to envision a more substantial shorting by on-shore or off-shore entities using techniques which are the functional equivalent of shorting, but, which do not leave the traceable numbers that small investors can refer to when researching the shorting associated with a stock.
Perhaps they did not know, at the time, that such a duality of purpose was in place.
Why didn't admins protect investors by allowing a asset/money manager to be the board moderator, which later turned out to be a nominee holder? There was no disclaimer in the ibox about the moderators connection to the company? Would you expect a certified wall street asset money manager to deceive investors?
How cool, write negative articles (GSR like) and members of this site profit from the collapse of the stock after the article is released. Can anyone join? Who was feeding negative info to the windsor star reporter abd directly quoted in his articles? What a cool way of making guaranteed $$$$.
As EDD says "jmo"
How cool front run a short and start a negative campaign!!
* Important Disclosure: Prior to the publication of its original investigative report on JAMN, TheStreetSweeper (through its members) effected a “short sale” of 30,000 shares of the company's stock, beginning on May 4, 2011, at an average price of $2.98 a share, with the intent of profiting from decreases in the price of the stock. TheStreetSweeper covered its entire position on May 18 at $1.51 a share.
* Update: TheStreetSweeper established a new short position in JAMN on May 20, when it sold 10,000 shares of the company's stock short at $2.58 a share. It increased its short position to 40,500 shares, at an average price of $2.13 a share, on May 23. It may choose to further adjust the size of this investment -- increasing, decreasing or covering its short position in the stock -- and will fully disclose the details of those trades as they occur.
* Update: Due to the threat of a "forced buy-in," TheStreetSweeper covered its short position of 40,500 shares at an average price of 2.08.
* Update: TheStreetSweeper established a new position in JAMN on June 7, when it sold 55,825 shares of the company's stock short at $1.98 a share. It increased its short position by 5,000 shares on June 8 and has now sold a total of 60,825 shares short at an average price of $2 a share. TheStreetSweeper covered that short position, under a "forced buy-in," on June 13 at $1.99 a share.
As a matter of policy, TheStreetSweeper prohibits its editors and reporters from taking financial positions in any stocks that they cover. To contact Janice Shell, the author of this story, please send an email to editor@thestreetsweeper.org or directly to janiceshell@hotmail.com.
Naked shorting is especially injurious to small and startup companies. As you are no doubt aware, companies issue stock to raise capitol for operations and for growth. After releasing an initial number of shares, the company usually retains additional shares in the company treasury, to be sold at a later time when additional funding is needed either to sustain day-to-day operations, or to finance growth and expansion.
The introduction of counterfeit shares into the market through the process of naked shorting renders any and all outstanding shares, including those in the company treasury, to be of diminished value, or valueless. Thus, the process of naked shorting deprives the company of its available funding source.
how does these claims of naked shorting hurt a company?
stock really has nothing to do with day2day ops.
Yes, but the activities of Vucicevich et al were just garden variety stock fraud. The question is whether there also were unrelated 3rd parties engaged in naked shorting of the stock for fun and profit.
Thievery...."to be allocated to or for the benefit of third parties pursuant to subsection 3.4(2)(b) of the Act; "
(v) pursuant to clause 10 of subsection 127(1) of the Act, Sulja Nevada,
Vucicevich, Kore Canada and DeVries shall disgorge to the Commission
$5.6 million on a joint and several basis, to be allocated to or for the
benefit of third parties pursuant to subsection 3.4(2)(b) of the Act;
Well, certainly there are many claims of naked shorts being used to cripple/destroy companies that can be found on many websites.
Wall street covers up the crime by settling with taser. They sure love to setlle don't they?? Who else was their victim of naked short settling?? Taser is just one company they targeted.
Hey marketmanparrothead do you have evidence it does not exist? Took TASR litigation to prove it and the miscreants decided to settle. will this happen in the case of sljb, very doubtful. The stock traded over 2-3 billion shares...plenty was counterfeited. Call it the wall street printing press.
Taser case is enough proof that regulators are asleep at the wheel and were used by the shorts to bring down taser stock. Naked shorting exposed....
Subject: Bloomberg Article From Today
Taser Settles Its Lawsuit Against Financial Firms Alleging Short Selling
By Edvard Pettersson - Jun 29, 2011 6:30 PM ET
Taser International Inc. (TASR) and a group of shareholders settled a lawsuit against financial firms in which the stun-gun maker alleged stock-price manipulation through illegal short selling.
Both sides told a federal court in Atlanta they had reached a binding agreement. The judge yesterday put the case on hold pending the filing of a dismissal notice. The case was filed in 2008 against companies including Goldman Sachs Group Inc. (GS)
Terms of the settlement are confidential and won’t have to be approved by the judge, Steven Rosenwasser, a lawyer for Taser and about 40 of the company’s investors, said today in a telephone interview.
“After lengthy litigation, the plaintiffs are happy to have the case resolved,” Rosenwasser said.
In routine short selling, stocks are borrowed and then sold in anticipation of falling prices in hopes of repaying the loan with cheaper shares bought at a later date. The Taser investors accuse the brokerages of so-called naked short selling by placing electronic orders to sell shares without borrowing the corresponding shares or actually delivering them to the buyer.
The plaintiffs accused the firms of creating phantom or counterfeit Taser shares and diluting the value of authentic shares.
Goldman Sachs spokeswoman Andrea Raphael and Morgan Stanley (MS) & Co. spokesman Pen Pendleton declined to comment.
The case is Taser International v. Morgan Stanley, 10- 03108, U.S. District Court, Northern District of Georgia (Atlanta.)
To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson@bloomberg.net
To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.
do you have any verifible proof of short selling sljb?
Bias??? You decide how 2 violations in 1 post goes unremoved by the mod and admin.
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TheFraudStopper
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Tuesday, June 28, 2011 5:48:37 PM
Re: None Post # of 303418
It appears that one of the most disgusting Sulja promoters is being forced to sell his house.
http://www.realtor.com/realestateandhomes-detail/1741-Pinnacle-Rd_Elmira_NY_14905_M47652-89108?ex=NY523809673
Ain't Karma a bitch!!!
This does not make up for all of the insane and criminal actions of this person, but is still sweet!
That was the action of Admin, not by the Mod.
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