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Thanks for the update!
What a bunch of slimeballs these people are that have been threatening Petar's family!
Petar is innocent, as he has not been charged with anything, and should be treated as such!
John Good
Add # 5 to the list...
5-The SEC sometimes issues halts in order to protect the Shorters/Naked-Shorters/Share Counterfeiters and THEMSELVES!
John Good
PS: If you don't believe this, you haven't been following the Market News for the past couple yrs., and are trading/investing naively!
The way I look at it is, if the WSJ and the NYT can be accused of publishing "negatively-slanted" articles in order to drive down a company's stock price, or publishing the "Wall Street Mantra" everytime NSS/Share Counterfeiting is in the news... then I there is no doubt in my mind that the WS would do the same thing!
John Good
"What is it that the industry fears?"
Having to pay back the money they have stolen from us, and the loss of their social status, gained by criminal activity!
John Good
Nice reminder rrufff... I've been a fan of the Sanity Check, along with Bud Burrell, Mark Faulk, Bob O'Brian, Patrick Byrne, etc., and I am all for Market Reform!
Personally, I think that IF they really wanted to put a stop to Naked Shorting/Share Counterfeiting, all they would have to do is to make it a rule or law that says...
"NO MONEY PAID UNTIL THE SHARES ARE DELIVERED"!
That means... NO Profits, NO Commissions, NO Fees, etc. PERIOD!
But, I highly doubt that this would happen, as there are too many slimeballs in places of regulation & authority making too much money off us retail investors/traders!
John Good
Maybe they got some of their riches by investing in Hedge Funds... and we all know what Hedge Funds will do to assure their members a high-rate of return, and also to justify the Hedge Fund Manager's ridiculous commissions!
Just look at this A-Hole out west, who recently lost millions of dollars of his Hedge Funds' money, trading on Natural Gas options!
John Good
My thoughts exactly!
John Good
PS: This is starting to sound like the CMKX story to me!
Yes, this is very true! They have even been accussed of using TV Media like CNBC (Jim Cramer writting "BULL" on his SEC supoena on his show, and throwing it on the floor) and also Internet Media ( the SEC also supoened a reporter on CBS Marketwatch, along with The Street's Jim Cramer)!
So... does anyone still think that I was off-base here when I posted this last week:
"One of SLJB's Arab partners should buy the Windsor Star, and then fire everyone and shut it down... IF it is proven that they did a negative bias article for someone's benefit! LOL!"
This just gets better and better everyday! LOL! This just might go down in Market history, as an example off when the Naked Shorts ruined a city newspaper in their quest of illegal gains!
We really must find out who is behind the illegal manipulation of SLJB, and expose these slimeballs to the World!
John Good
In light of some of the SEC's dealings with their Wall Street buddies these past few yrs., I can see your point!
The SEC lawyers, etc. go on to high-paying positions on Wall Street, after they have served Wall street in a favorable way during their tenure with the SEC. This is their reward for looking the other way, while Wall Street rapes investors... according to accusations and investigations currently under way.
John Good
LOL! It was not directed at anyone specific!
John Good
Thank You!
Sometimes reality truely is better than conjecture! LOL!
John Good
A SEC halt ONLY benefits the shorters/naked shorts/share counterfeiters, etc., not the company. And the ones who are hurt financially are the CURRENT shareholders, as they cannot Buy or Sell!
Unless the company in question truely is involved in criminal activity, it is not justified. We must wait until Steve has had time to issue a PR and possibly the AF's that we are all waiting for!
The ONLY ones here that would want this action, are the ones that don't hold any shares!
It's my money NOT yours that you are screwing with, if you got rattled and possibly sold out during this shakeout, and now want some kind of compensation for your actions!
John Good
That is no excuse, for the SEC not to police the OTC/Pink Sheet Markets!
All the Securities Laws & Regulations favor the white-collar criminals, and the SEC is accussed almost on a weekly basis (I follow the markets on a daily basis... for the past 4 or 5 yrs.) of violating their own regulations, by not enforcing the laws, letting criminals off with token fines, grandfathering the Naked Shorts to keep the criminals from having to cover, putting trading halts on companies in order to help out the criminals and screw the current shareholders, etc., etc.!
I could go on and on, but it's safe to say that the SEC is NOT looking after the interests of retail investors/traders!
John Good
HAPPY TURKEY DAY to all the Americans on here! LOL!
John Giood
"UNBIASED"! LOL!
After reading Ant & Sons last 3 or 4 comments on SLJB, I question the value of the investment advice they provide to their "sheep"!
But then again, look at CNBC, MSNBC, Marketwatch, WSJ, etc., etc. They also provide only their "slant" on the Markets, which is usually only to hide the truth about how safe and secure your money is on Wall Street!
What a crock of sh*t, I say!
John Good
Just trying to inject the board with my own particular brand of Politically-UNcorrect, sacastic humor! LOL!
John Good
Maybe, just maybe there is a good legitimate business-decision based reason for that, and by forcing the financials prematurely, may screw something up!
I was in business over 10 yrs., and most of my friends are business people, so I am giving an educated opinion here, from my past experiences... that's all!
John Good
I disagree with what you are trying to do!
Nothing good is going to come of this, as trying to force financials before a company is ready to reveal them will just alienate ALL the shareholders, including the 85% who do not WANT this type of action, from the company!
Here is another example of the MINORITY trying to speak for the rest of us!
John Good
I never sold any or left, although I'm concerned about "allinone"!
He told us he ended up in the hospital late last week because of heart problems, apparantly over this.
Haven't heard from him since the weekend... hope yesterday didn't do him in! LOL!
John Good
LOL!...Sorry scorpio, but that was hilarious!
John Good
I agree that NASDAQ & Large Cap stocks are less manipulated, hence safer, but in my case, I didn't put away much money for retirement over the yrs., and now I'm in my early 50's and don't have the time to invest in stocks that return maybe 30%/yr. I need the high returns that only the small-cap stocks can deliver.
High Risk = High Gain!
IF, you can trade the Penny Stock Market successfully, the gains can be astronomical, compared to the Large Caps!
John Good
PS: Of course, I'm not there yet! LOL!
CMKX?
I hope so, as I didn't get certs to put on my wall! LOL!
John Good
I agree with you on the fact that they don't give a "cheet" about the OTC/Pinks, but it is still criminal to steal money from innocent investors!
From my own experience with the Penny Stock Market over the past 4 - 5 yrs. is, the only reasonably safe way to make profits in the Penny's, is to Swing or Momentum Trade... hit the runners, and don't hold for more than 3 - 5 days!
Always keep Cash on hand to catch the runners..."Cash is King"!
After becoming a bagholder in WNMI, NMKT, CMKX, UNQT, SBDN, etc., I have learned my lesson! LOL!
John Good
The market regulators and the authorities still need to investigate what happened here with this "raid" by whoever, that caused investors/traders to lose as much as 90% of their investment here!
Somebody made lots of illegal money at the expense of innocent shareholders... and it wasn't the company!
John Good
Personally, I think that it's going to be difficult to get any kind of justice or compensation here, if it turns out to be originating from the ME!
But then again, if the price recovers those of us who didn't get "rattled" by this raid, will be happy... but those who sold will be SOL!
Joys of Penny Stock trading! LOL!
John Good
I was thinking Middle East "rip-off", over the weekend as a possibility of what happened here myself!
Good reasoning here guys!
John Good
First thing that comes to mind, is the AF's!
What else could it be?
John Good
Unfortunately, from what I've seen over the past few yrs. in the Markets, the chances are pretty slim for the slimeballs that did this to get caught, much less fined, imprisoned or the investors to get their money back!
Seems like it is almost a weekly occurance to hear about Hedge Funds, the SEC, the DTCC, the MM's, the Brokerages, the Off-Shore Banks, the Financial Media, Wall Street, etc., driving the share price of some company to the ground by NSS/Share Counterfeiting, etc.
And IF they even get caught, the "customary punishment" is a token fine with no admission of wrong-doing, no investor restitution and no imprisonment!
The way I look at it is, if you Sell you have lost the money forever... but if you Hold right now, the share price will go up, and you will get some or all or more back!
John Good
Everyone should at the least, hold until the AF's come out!
If everyone had done this, they wouldn't have been able to shake some of us out of our shares, and their raid wouldn't have been successful, and the share price wouldn't be where it currently is!
But... human nature, combined with inexperienced investors/traders being what it is, they knew that they would succeed.
Holding all my shares, till the rebound!
John Good
This is one of the posts I was referring to, along with "luvtradin's" post, that supported my own suspicions about what happened here!
EVERYONE should read these posts, before slamming Petar ans SLJB!
John Good
Jannie... Thanks for the PM! I'm feeling great, other than I still can't stand up from sitting, without having to rush to the washroom! LOL!
I guess I'm the type that doesn't rattle easily, so I don't get stressed out too often. You know, the more I think about what happened here with SLJB, the more I think that it was a raid on shareholders!
When I watched the share price plunge very quickly from .09, open at .055 and drop like a rock to .01, I knew something was very wrong (and probably illegal)! Since I've been thru similar price manipulations before, I knew that the last thing shareholders should do is Sell.
There have been some excellant posts, explaining what probably happened better than I could, and I agree with them.
Either that, or I'm too stupid to be stressed out! LOL!
John Good
Nice to hear from some EXPERIENCED people here! LOL!
Thanks luvtradin1!
John Good
Another GREAT POST, about what the experienced traders believe happened here!
After you have been in this trading thing for a few yrs., you can see this shit coming... can't you?
Thanks sljbstrong! You (and some others here) have a great way of putting things in perspective... I wish I had paid more attention in English class in High School! LOL!
John Good
Andy... I'm one of those traders who honestly believe that the US Stock Market and Wall Street is corrupt, and must be changed or else we are all heading for disaster, caused by a few, for the benefit of the same few!
There has always been corruption in the Market, but ever since the advent of computers and electronic trading, it has increased exponentially, according to some market reform activists, to the point of some experts are concerned about a Market Meltdown!
They say the Stock Market Crash of 29' was caused by Stock Pools, and Securities Laws were enacted in 34' to prevent it happening again. Well... Hedge Funds are the modern-day Stock Pools, and guess who is accused of being behind a lot of the Market Manipulation today? How do you think that Hedge Funds can return maybe 30% to 50% on their member's money, when the Market is returning what... maybe 5%? They cannot do it legally!
Hedge Funds are only one part of what is wrong with the Market today. Do some research on Patrick Byrne, Mark Faulk, Bud Burrell, etc. on Google to get started.
John Good
Shakerzzz... Is that you? LOL!
Sorry I can't respond to PM's, but you're right about WNMI, in that at least they are trading and appear to be coming back in price.
CMKX just refuses to die, especially on CMKX Proboards 70 & 88. I've only got 2.3 million shares of CMKX in certs, so I don't get too rattled over anything with CMKX.
I'm one of those guys who believe that CMKX and it's shareholders were manipulated and ripped-off by some thievin' slimeballs, and I DON'T mean UC and his partners!
If, in the end we all get at least our money back, it's better than nothing! The saga is not over yet.
John Good
WOW... GREAT POST!!!
And you have 2.6 million shares... you lucky dog!
I HATE YOU! LOL!
John Good
PS: For us that have been in the Market for a while, I think that this is an accurate picture of what happened this week! Although it would be hard & costly to prove, which is what is wrong with this whole system!
Jannie... Hydro One used to be called Ontario Hydro, and anyone in a rural area of Ontario, will be getting their Electric Bills thru Hydro One!
My friend who is a Plumbing & Heating Contractor here in London, ON also has a farm out near Strathroy, and I sometimes (I work for him on the weekends) pay his electric bill for the farm, and I have to send it to Markham.
Hope that clears something up for somebody!
John Good
One of SLJB's Arab partners should buy the Windsor Star, and then fire everyone and shut it down... IF it is proven that they did a negative bias article for someone's benefit! LOL!
John Good
I thought I read somewhere earlier this yr., that they were proposing relaxing some of the SO requirements for smaller companies, but they were shot down!
I think that some companies at least, are choosing not to be listed on a higher exchange because they either can't afford the auditing fees, or choose not to pay the outrageous fees.
John Good
Hi Jerseyboy! I wouldn't call him at home! He's got enough stress already... besides, we should know something early next week.
I'm down 75% myself, although I know I don't have as many shares as you, if you're down 10 grand.
Hang in there!
John Good