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WARNING FROM AGORACON
http://www.agoracom.com/nonmemforum/msgreview.asp?id=397088&refid=0&orig=397088
Subject: ********W A R N I N G ************
From ramtuff
PostID 397088 On Monday, April 18, 2005 (EST) at 4:58:20 PM
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well, Agora won't reply to my emails...shame on them..what are they hiding.
Orygongals posts have been deleted, including mine regarding BASSO and PIPES.
If you noticed last night LL, BLand DB were very much in a good mood...no post was made here saying I was booted.
How did they know this???
TO THE HONEST INVESTORS HERE .....
these people and this company (agora) seem to be trying to hide something. Why do they get so upset when naked shorting, PIPES and Basso are mentioned.
the BASSO group is shorting this stock from .33 to .19, IMO.
Start opening your eyes...your investment is going down while LL is telling you nothing is wrong..he also lied about the ''accumulation'' yeah, they were accumulating alright, to short it.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Posted by: Cassandra
In reply to: HotrodHans who wrote msg# 68935 Date:4/18/2005 4:29:16 PM
Post #of 68962
HrH: Just caught the conversation on the RB EDIG by invitation about agoracom deleting all of the posts about the Basso entities and PIPEs. A little touchy on that subject? Not very subtle are they.
http://www.ragingbull.lycos.com/mboard/viewclub.cgi?board=CLB00154
I'm not able to post on the invitation board, but I am glad to see that more eyes (emit, ory, seaquestor, etc.) are opening as to what agoracom and is all about and what many of the posters there are up to.
Agoracom does not hide the fact that it is a professional stock promotion company (they call it IR). They are paid to promote some stocks and they also provide bandwidth for discussion of a few other stocks, including EDIG. This is not charity on their part and you can bet they have many ways they profit from EDIG.
The other thing that is a sure bet is that many of the posters there are shills
(I'm thinking LawyerLong, and BL at least since they know each other ..HRH comments)
(http://dictionary.reference.com/search?q=shill ) posing as longs. The purpose of the shills is to make it seem like there are other longs getting excited about things and not at all uncomfortable when bad news hits.
I would caution anyone from putting any credibility to the information posted on agoracom. It is filtered and adulterated to show only a positive view. They want the believers to feel comfortable with their ''investment'' and to keep buying as more shares are unloaded into the float. These guys are very good at what they do, but even they are getting a little nervous as their methods are being exposed.
Even though longs many not like the information I post, they should force themselves to take a look at it and investigate the facts on their own, especially if they spend time reading agora.
I think longs would be shocked if they knew what goes on behind the scenes at agora and who they are really talking to much of the time.
~Cassandra
I definitely agree. I am and very large shareholder and i get treated this way..why because i brought up some questions they didn't want to get out.
Here's is oryguns post on RB..where they don't act like communists...
By: orygungal
18 Apr 2005, 04:04 PM EDT
Msg. 43478 of 43480
Jump to msg. #
One more strange thing. When jtdiii posted his info from RP via a phone call while he was driving around in Atlanta, I wanted to clarify something. There was an Email address for him on a repost of the info. So, I Emailed him and first got a reply from the RE company that he wasn't associated with it. Next, I got this real nasty Email from him berating me for sending the Email He said I was invading his privacy, etc, etc. At the time I couldn't figure out why he was so angry; one other time I Emailed LL something and got a nasty response from one of his friends in San Diego (I didn't save them, so I'm not clear on dates or just how it came about). These guys don't want their names or addresses or any information about themselves out there. Twice, I've had this really angry response, really overkill. It's weird! It looks like, on the surface, these guys are feeding on each other's posts, sometimes puffing them up, sometimes disagreeing just to look real. Who knows? I'm just here for the money! LOL Right now I'm thinking this may not turn out to be a very good investment.
Damn, I've held this a long time. ORY
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
can you beleive that, sweet little ORY gets blasted by LL more than once...what a real man your are LL.
Well, I hope some of you get a chance to read this before it and I get pulled.
There will be a copy on RB, IHUB and ATOMIC BOBS where the crooks aren't allowed.
I'm not bashing EDIG, just this site and it's paid posters.
of course..this is just my humble opinion.
You guys decide. The smart investor can see thru these morons....actually crooks.
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Find Your Next Investment in the AGORA MarketPlace Located on the AGORA Front Page
chowder...lol..it's just a dot.
Cass..well ...looks like Cats 5 may have something and may be right...refering to the previous post.........
Subject: RE: Here it is Hans, go post it./CATS5
From catsfive
PostID 396725 On Saturday, April 16, 2005 (EST) at 6:44:31 PM
Response To: hotrodhans PostID 396719
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http://www.agoracom.com/nonmemforum/msgreview.asp?id=396725&refid=396719&orig=396645
Here is the pertinent paragraph
During the period commencing November 19, 2004 and terminating November 30, 2004, the company issued 18,750 shares of 8% Series EE preferred stock for gross cash proceeds of $1,875,000. The stated dollar amount of Series EE preferred stock, is convertible into fully paid and nonassessable shares of common stock at a conversion price of $0.25 per share which is fixed for the first 90 days following the original issue date, and commencing 90 days following the original issue date, the conversion price shall equal the lower of
(i) $0.25 and (ii) 85% of the average of the volume weighted average price per share of any ten days during the twenty consecutive trading days immediately preceding the conversion date. The maximum number of shares of common stock that the company is required to issue upon conversions of the Series EE preferred stock and payment of dividends thereon in shares of common stock is 11,294,738, except as may be subsequently modified as a consequence of certain possible penalties and other adjustments. The Series EE preferred stock shall be subject to automatic conversion on or about November 18, 2006 subject to certain conditions. At December 31, 2004, the Series EE Stock was convertible into approximately 7,469,648 shares of common stock. The company also issued to the purchasers of the Series EE preferred stock, warrants to purchase 4,070,000 shares of common stock at $0.50 per share until November 18, 2007. The company incurred total placement agent fees of approximately $129,500 in cash and, in connection therewith, issued to such placement agent 370,000 warrants.
CASS...did you set me up?
Subject: RE: Looks like ORY opened up a can of wormsCats5
From catsfive
PostID 396708 On Saturday, April 16, 2005 (EST) at 6:16:14 PM
Response To: hotrodhans PostID 396704
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Have you bothered to read the filing. It states very specifically that there is a limit of x number of shares which can be registered and issued. Why would she leave that out and present it as a floorless deathspiral. Go read it.
CASS.....................
sorry about the OCD thing....but it's a plus in your case...lol.
lol.
a lot of us here can't argue with that.
HH...it says they "could" drop IFE...pay attention son.
Gotta watch you like a hawk.
JUST GREAT, WE DON'T HAVE NAKED SHORTING RESOLVED YET, NOW IT'S
"INTER-POSITIONING"
The traders traded ahead, by buying or selling stock for their firms' accounts, at prices that would be better than the public would get, Mr. Kelley said. He added that they also engaged in what is termed inter-positioning, in which the specialists buy the stock at one price and then turn around and sell it at a profit to another client, instead of executing a direct sale between interested parties, as required by exchange and federal securities rules. "The harm to investors by each of these specialists trading ahead ranged from some $400,000 to $5 million, for a total of nearly $20 million," Mr. Kelley said.</B>
update..hope no one disappears from here...lol....fred..where'd you go.
http://www.nytimes.com/2005/04/12/business/12cnd-nyse.html?ex=1270958400&en=39179fd57c97c8c8&...
I can see why they need 9 lives...lol
The cat crossing the table reaching for the window sill cracked me up..some of those cats had too much catnip...funnier than cartoons.
I've had my laughing medicine for today and tomorrow.
I tried in ernest to get my fingers to walk the line but alas they strayed a little...maybe I'll be s'sober by morning...so whats another fred here...they're all the same
:o)~
Cass; i wasn't around much then so i missed it...but KMB just said she tried the digeplayer and voted for it which is OK as far as i see it. Don't know about the others and what they did with their voting privileges.
Subject: Congratulations to EDIG !
From KMB1
PostID 387187 On Thursday, March 10, 2005 (EST) at 11:59:58 AM
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Sorry guys/gals (from here on out..collectively ''guys'') I am three pages and a day behind but I wanted to give my 2 cents worth. lol!
I AM VERY PLEASED for these two recognitions as I have flown Alaska Airlines and concur, and have tried the DP and concur. Makes me think my voting e-mail for the DP DID have an effect. Whether or not...WE STILL WON! How great is that!
Maybe I'll get to handle the next gen DP on my future flight over T-Giving again. Only this time I hope to have as good as digital camera as my daughter! lol!
KMB
OT: this is some of the funniest stuff i've seen
http://www.i-fred.com/jokes/?id=11
Cass: I must of missed that but they would have only garnered a dozen votes from AGORA. If parker is a real Chicagoan where we each vote early and often he would have made up for me. Now the Florida crew probably just punched the holes incorrectly. lol.
More on naked shorting
www.investigatethesec.com
STOCKGATE TODAY- April 12th, 2005
An online newspaper reporting the issues of Securities Fraud
Wall Street Collusion and your Investments – April 12, 2005
David Patch
Naked Shorting, the process by which an investor will sell a security they do not possess nor execute a legal borrow to make good on delivery to the buying investor. While the financial impacts of naked shorting are not fully understood the subtleties of this process should raise the hairs on the back of your neck. Has Wall Street and Wall Street Regulators colluded to willfully defraud the investing public?
Collusion: A secret agreement or cooperation especially for an illegal or deceitful purpose.
On the surface collusion is a tough act to prove. How are you ever going to get evidence of that secret handshake or that wink? Fortunately, I am not one who has to prove it. I will just provide the circumstantial evidence that hints to it.
Trade Settlement. The conclusion of a securities transaction; a broker/dealer buying securities pays for them; a selling broker delivers the securities to the buyer's broker. (Taken from NASD Glossary)
Under Rule 15c6-1 [Settlement Cycle] of the Securities Act of 1934:
Except as provided in paragraphs (b), (c), and (d) of this section, a broker or dealer shall not effect or enter into a contract for the purchase or sale of a security (other than an exempted security, government security, municipal security, commercial paper, bankers' acceptances, or commercial bills) that provides for payment of funds and delivery of securities later than the third business day after the date of the contract unless otherwise expressly agreed to by the parties at the time of the transaction.
In essence, no two brokers can willfully enter into a contract for trade knowing that they will either fail to deliver the shares required for settlement (seller) or knowing that they will not pay for or seek out delivery of those shares (buyer) within three business days after the date of the contract. Exceptions to these guidelines are limited in scope and require agreement by both parties at the time the contract is being entered in to as defined by the SEC Rule.
Industry Collusion comes into play when these contracts are repeatedly entered into whereby neither party has the “intent” on meeting the terms or the enforcement of such contract.
Let’s take the principles of naked shorting, the evidence provided by the Securities and Exchange Commission and comments by the Depository Trust Clearing Corporation (DTCC) and apply what we know to Rule 15c6-1 and argue our case.
October 2003, the SEC released proposed Regulation SHO to address among other things short sale abuses. In the contents of the proposal the SEC identifies naked shorting as a reality in the market place and highlights that for some issuers the number of settlement failures in their security may reach and exceed the number of shares trading within the public float. Each one of those failures, beyond legal exemptions, represents a contractual violation of Rule 15c6-1. These trades all failed to settle within 3-days.
For the record, there are no legal exemptions that qualify for a magnitude of trade fails that would exceed the entire public float of a company. Bona-Fide Market Making is a limited naked short exemption provided to the members to handle temporary volume volatility and has no legal standing to amass to failure levels exceeding the public float without settlement.
June 2004, the SEC releases Regulation SHO and identifies that the new proposal will have two significant articles of incorporation. First, In January 2005 when SHO is implemented, all prior settlement failures need not comply with the mandatory closeout provisions incorporated into SHO. Second, each major market center will publish a listing of securities whose stock currently contains settlement failures that exceed 10,000 shares and 0.5% of the shares outstanding for a period of no less than 5 consecutive trading days.
As the SEC grandfathered the prior settlement failures from mandatory closeout provisions they in essence pardoned all past violations of Rule 15c6-1 regardless of the standing of those trades today. This is not like pardoning Mark McGuire for possible steroid violations in 2000 when he is clean today. This is pardoning everybody that robbed the bank and still has the money in his or her savings accounts. Only in this case, the SEC has an easier task of finding the robbers that the local cops. The trade data on this theft is still recorded on the books of Wall Street institutions and at the DTCC.
The threshold security list publication, now a requirement of Regulation SHO, is over 3 months old and maintains many of the original listed companies that were first presented on January 7, 2005. Many of these companies have settlement failures beyond imaginable numbers but all abusive failures pardoned by the SEC.
Over the past month the Depository Trust Clearing Corporation (DTCC), the representative Federal Reserve of Wall Street, has taken to the public their views on naked shorting. While the DTCC vehemently denies any responsibilities to the fraudulent acts of naked shorting they have provided us with evidence to support claims of abuse.
DTCC Deputy Chief General Counsel Larry Thompson, in a published DTCC newsletter, provided figures stating that 24,000 trades daily will fail settlement. Twenty four thousand trades daily will fail to meet the contractual obligations of Rule 15c6-1. Logistically, that would imply that every broker/dealer representing Wall Street is involved in failing both the selling obligations and buying obligations of Rule 15c6-1 trade contracts. It does not matter what percentage of overall trades this represents, 24,000 trades daily is a large number to ignore in the electronic age we live in.
When asked about these failures DTCC spokesman Steve Letzler indicated that while the DTCC will “settle” the transaction through the NSCC Stock Borrow Program, the fail will remain on the books until that time in which the seller delivers on their obligation. Steve called this a “liability” to the broker/dealer. “That broker/dealer could incur a premium liability should a buy-in take place forcing an open market purchase of a security” at any cost.
Liability. Defined as a pecuniary obligation: Debt. One that acts as a disadvantage.
I queried Steve on the shortcomings of this “liability” based on the reality of the back office operations and the evidence of tremendous settlement failure obligations [Larry Thomson identified the cost at $6 Billion presently recorded on the books at DTCC]. Ultimately, how is a liability incurred if there was no standard industry practices to buy-in a settlement failure? Steve admitted that while buy-ins were “rare” it was a liability nonetheless.
Using an analogy, Steve and I agreed that this liability was similar to the liability of getting a speeding ticket for going 60 in a 55 mph speed zone on our Nations highways. History proves that it simply doesn’t happen with any frequency so the liability is really slim to none. The risk of breaking the speeding law was so miniscule over the reward of getting there sooner that the law is broken repeatedly and daily. That speeding law in our Securities Industry is Rule 15c6-1 and being broken are the contracts for trade settlements. The rewards for such infractions, greater revenue stream in trade commissions and greater sell side leverage to the selling party/client.
Rule 15c6-1 is a Securities Law like all others. Violations to Rule 15c6-1 have never been enforced by the SEC to the best of my knowledge. In fact, under two NASD enforcement complaints [NASD vs. Fiero Brothers & NASD vs. Hilary Shane] for naked shorting abuses, and an SEC Enforcement [SEC vs. Rhino Advisors] there were never any charges brought against member firms for the execution of those illegal trades. The Fiero Brothers activities ultimately resulted in the insolvency of clearing firm Adler Coleman due to the magnitude of unsettled trades being carried on their books. Failures had amassed to that level without Wall Street calling in the failed trades from the buy side broker/dealers under the guidelines and provisions of Rule 15c6-1.
In the most recent case, NASD vs. Hilary Shane (December 2003), Ms. Shane executed 975 consecutive trades of CompuDyne stock [475,000 shares] without a single buying broker/dealer executing a mandatory buy-in of her failure to deliver her shares. The NASD complaint contests that Ms. Shane was selling shares not yet registered by the company and only planned to make good on delivery of shares after the shares were registered and available. Ms. Shane was selling naked short ahead of company news to lock in profits and the buying firms aided her by allowing the fails to take place without forced buy-ins and delivery.
While this may be the most recent case, it is not the best suited to support collusion.
In February 2003 the SEC brought up charges against Rhino Advisors for the manipulation of Sedona Corporation stock. This enforcement action by the SEC resulted in further criminal indictments being brought by the DOJ against Thomas and Andreas Badian, Executives of Rhino Advisors, for stock manipulation. As part of the arrest warrants were transcripts of audiotapes the SEC provided to the DOJ to support their case. On the audiotapes was Andreas Badian telling a US broker/dealer to sell Sedona stock with “unbridled levels of aggression”. The Broker/Dealer did and the stock collapsed as intended. The scheme to defraud happened because the industry elected to ignore their fiduciary responsibility to force delivery of the trades executed by the scheme to defraud. A manipulative scheme to defraud that took place in 2000/2001 only yielded a $1 million fine by the SEC against Rhino Advisors in 2003.
Our Securities Laws, as presented to the public and to Congress are crystal clear. Under Rule 15c6-1 no two brokers can enter into a contract for trade that will exceed 3-day settlement unless expressly agreed upon by both parties. With buy-in provisions written into our securities laws, it is as much an obligation of a buying broker/dealer to enforce this contract on behalf of their client as it is for the selling firm to deliver. Failing to do so in a consistent manner implicates the buying broker/dealer in collusion with the selling broker/dealer acting in the conspiracy to commit fraud. The buying broker put the interests of another broker ahead of the interests of their client.
The incentive is obvious. Forgive me this time and I will forgive you the next. A win-win for both. Clearly there is no other incentive for the buying broker/dealer who just had a contract violated and violated repeatedly.
Collusion: A secret agreement or cooperation especially for an illegal or deceitful purpose.
Certainly entering into contractual obligations whereby neither party has intent on enforcing the contractual obligations, and one party is trading from an illegal standing of stock ownership, raises concerns about implied cooperation to an illegal act by all parties involved. Including regulators!
Is there circumstantial evidence to support collusion by the industry to defraud the investing public? Without a doubt the answer is yes.
For more on this issue please visit the Host site at www.investigatethesec.com .
Copyright 2005
Boycott..
let the games begin...in our favor.
http://www.faulkingtruth.com/Articles/LettersToEditor/1011.html
Dateline update
http://www.faulkingtruth.com/index.html
email dateline
Posted by: Crumbster
In reply to: None Date:4/7/2005 1:10:22 AM
Post #of 66130
hey folks
dont know if you think this is important but
Dateline was to do a report on naked shorting and has now canceled it. If you want to hear it and think it is important please go to http://www.msnbc.msn.com/id/3303518/ and click on dateline nbc to send them your opinion and email. forward this message to anyone that will help.
email Dateline
Posted by: Crumbster
In reply to: None Date:4/7/2005 1:10:22 AM
Post #of 66130
hey folks
dont know if you think this is important but
Dateline was to do a report on naked shorting and has now canceled it. If you want to hear it and think it is important please go to http://www.msnbc.msn.com/id/3303518/ and click on dateline nbc to send them your opinion and email. forward this message to anyone that will help.
I just did. Thanks.eom
Actually if you read it he's soliciting for funds.
D A N L...you gots mail.eom
CASS...Thanks for the reply.
I was already leery of him...TwoMill came to his rescue.
Now guru basically started a rucuss over there. Someone replied to his post and never got answered...so I picked up the ball. I'm curious.
Now the AGORA crowd pretty much label mguru a type of basher, IMO. But TwoMill stood up for mguru as a well known and respectable broker. I find that interesting that the Agora board differs in opinion of TwoMill about mguru. Somebody blew it over there. Now theywant to let this dog lie. I'm waiting for a reply from TwoMill. I would sure like to hear his response to all of this.
My post on the 25th already raised a red flag for me about guru.
http://www.agoracom.com/nonmemforum/msgreview.asp?id=390370&refid=390355&orig=390355
I'm not done yet. If they kick me off over there it won't be because I called any one names or bashing.
It's because they are hiding something.
Thanks Cass,
Nobody kill me for this...lol...
but I believe you are correct.
Awaiting your comments, I'm sure you are double checking your sources.
dougal
hotrodhans@hotmail.com
put edig in the subject line.
Any comments?
Subject: Sit and wait,
From mguru
PostID 391403 On Wednesday, March 30, 2005 (EST) at 5:36:14 PM
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appears to be the general attitude on this board, with all the posts I've read in response to my sharing my 15 year experience on these mechanisms at work on wall street, yes it's been going on for that long, at least. We all should know what the consequences of sitting on your hands will get you, and is the main reason that this crime has been allowed to be perpetrated against the ''Unknowing'' for so long. Let me clear up a couple of misconceptions I have read so far, and answer some questions, mainly from HRH.
First, you can sell your stock anytime (unless there's no market for it.), ''EVEN'' if you have the stock certs in your hands/possession. In this particular situation the client is allowed more time if needed to settle this trade, but is NO problem, call your broker and ask? Owning your own certificates is the best thing to do if in fact your stock is suspected to have been illegally traded ''Naked Short Selling.'' BUT, will only have the positive act of ''Short covering.'' if at least the far majority (but needs everyone to be completely accurate>), of the shareholders participate and request their stock certs. What happens when unscrupulous MM's/Hedge funds, illegally trade a stock by naked short selling it, then the best way to know for sure, is what I have already outlined here once before, as has DATELINE's RESEARCH. I'll say it again for those that are concerned about this, as you ''ALL'' should be. I know it's easier to bury your head in the sand and avoid confrontation, but that could be very costly here. The best way to know for sure that a stock you own has a naked short position in it, is by comparing the DTCC report (Deposit Trust Clearing Corp.), report, which is report that shows where all of a co's stock is being held, at all the other clearing firms, that there has been ''Good Delivery.'' They don't have to disclose the ''Naked short position.'' or ''Failed deliveries'', how convenient? (HUGE CASH COW!) Then you add up all the shareholders statements and all certs being held by the investors in their name, and then subtract the two figures and if there's a difference, then there is a Naked short position. See the broker dealers have to send you a statements/confirms as to all your transactions, no hiding this. What happens if this is so and everyone plays by the rules? Once a naked short position is identified, then it can be remedied by depleting the ''Loan Pool.'' at the DTCC, making them have to ''BUY IN'' every share extra, that has been requested by investors beyond, what's in the lending pool. Let's use Globallink as a good example. They have 1,000,000 shares outstanding. That's it! One guy has filed a 13d (beneficial ownership.), of all 1,000,000 shares and has the cert in his safety deposit box. How then does the stock trade hundreds of millions of shares after he filed this, when they’re all bought up? Someone's selling shares they don't own to people who want to buy it. Here's the reality of Globallink. If everyone is following the rules, and the regulators are doing their jobs and enforcing them, then every single share that was sold that wasn't owned by the sellers/traders/crooks will be bought in by the clearing firms doing their jobs, after 13 days. Result: Unless the guy(s)(now there's 2 guys who own it?), want to sell, then these shares would skyrocket up, until everyone who has bought shares in Globallink, this includes all the other buyers that are entitled to receive their certs as well, until the clearing firms finds real sellers, hence real shares. So, if everybody that has bought Globallink shares decided they didn't want to sell for anything less than X, that's the price, the shares would go to until this naked short position is flat from the buy in. This is called a ''Short Squeeze.'' and is the only remedy and right course of action to take on stocks that have been discovered as having been victimized/abused and have a Naked Short position in their stock. It's been a very quite, clever manipulation and breaks the rules that make the market fair and balanced for all. Nobody seems to be enforcing the rules and as a result, countless co's have had to file bankruptcy as their stock's are almost worthless, after selling short infinite amount of shares, and therefore are not able to raise the capital they need selling their shares to continue ongoing business. If a broker tells you, that he doesn't know how to short sell a stock, being listed, mainly BB stocks, that's ok. Most brokers don't know how this is done, as it is mainly done by manipulating MM's, and crooked clearing firms, mostly by Hedge funds, by the way, who are fighting to keep their non-disclosure status from being changed, it's in congress now. I wonder why they’re lobbying so hard? Also, I know of co's execs who have had their life threatened by shorters, if the co. didn't sell the shorts shares, so they could then cover their short position after inflicting massive damage to the co's share price. I hope I am making a difference here, I have spent a lot of time sharing this info, and except for HRH, and a couple of others, I'm not seeing that this topic is of concern to their investment, even as a Notorious Short Seller (Amr Anthony Elgindy.), is convicted of securities fraud, and has admittedly been a big short seller of e.digital, WOW!, if you only knew??? If that doesn't have you scratching your heads, for all the skeptics, or those of you that want to learn more knowledge about this, do yourselves ''ALL'' a big favor and mark your calendars for April 10, and make time @ 7:00pm est. to watch ''THE VERY LONG AWAITED STORY'' as this very heated topic airs on Dateline and this unbelievably controversial subject goes public for the first time. I hope no one steps in and tries to pull the plug, and if so be very concerned! I will not waste my time anymore with this subject unless there is a large genuine interest. And how we can do the most to protect e.digital from this on going abuse. By the way, if most brokers aren't aware of this loophole (Naked short selling.), on Wall Street and the mechanism, don't expect company exec to have a clue. Peace out! mguru (p.s. if your interested in learning more and willing to open an account with me, I'll gladly spend the time to share more of my knowledge on the stock market with you. e-mail me at mitchm88@cox.net)
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he could still lead them to really big fish..like Daboss...lol.
HH...lol, I thought that pic was neat too, except the chimp that was Daboss had his mouth covered..wrong one..lol.
as to the rest of your post...ditto.
I'm glad someone else realizes the crooks start at the top and weed their way down. It's all about the MONEY.
You have the most greedy people at the top...very few are honest. Money is their god...and they don't care who they hurt.
I just picked up a book by Kevin Trudeau. Natural Cures They Don't Want You To Know About. It's hard to put down. He writes of the big brother antics of the FDA and FTC...but you could just as well change the letters to SEC and DTCC.
FOLLOW THE MONEY.
My fellow Agorians are either naive or brainwashed over there...it's a shame.
course, they could all be in cahouts too.
goodnite.
No opinions on Agora.
anyone here?
http://www.investorshub.com/boards/read_msg.asp?message_id=5880766
where's fred
when ya really need him.
isn't it a rule
that if you have your certs then you can't have access to trade them immediately if needed?
So if we have an orchestrated attempt to run a stock up or down, you are screwed because you can't get to them to unload them. Am I right?
I'd hate to see us get set up...who knows, I do not know mguru, he/she might be Elgindy (from jail) or a connection.
Anybody?
W O W ...what do you think
Subject: MY MESSAGE HERE, IS...
From mguru
PostID 390811 On Tuesday, March 29, 2005 (EST) at 2:20:20 AM
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That Naked Short Selling is indeed become a strategy, that every corrupt trader/MM (maybe even normally good traders.), have piled on to and are taking advantage of until they get caught, because the record shows that regulators have either turned a blind eye, or have been hoodwinked over, and over again, by these criminals. Making it attractive to steal if there's none, or little consequences!!! You decide?
DABOSS: You asked me about this ''Tony Elgindy.'' Below is just some of the happenings in this pathetic guys life. I also understand he has been arrested for beating his wife, cocaine possession, and even his own mother has sued him (All true, I'm almost certain?), a real sweetheart. Now, and this is for everyone interested in learning more about this issue that is surely going to be get hotter, and Hotter, and HOTTER!!! Naked Short Selling, and how it relates to EDIG. Tony Elgindy held a seminar to promote his ''Short Selling'' strategy. (It’s been a couple of years, but I believe there's been ''NO'' rush to cover e.digital's naked short position.) For his rich subscribers he shared with them his next victims target, first. I understand that a few e.digital shareholders even attended these seminars, and after Elgindy publicly recommended and admitted to his SUBSCRIBERS ''TO SHORT e.digial'', he even tried to talk several shareholders into lending him their shares, so he could start to COVER HIS SHORT position in e.digital. One of the posters was a woman who was highly regarded as an authority and followed well on raging bull.
So EDIG investors, in lieu of this bubbling movement by many advocates for change on Wall Street to level the playing field and demand full disclosure from Hedge funds, clearing firms, MM's and the infamous head of it all, the DTCC. I think it would be wise to take a lead role given that when this ''Dateline'' segment airs, there will be blood in the streets eventually, and with it a long line of co.s and investors that will want to be vindicated and justice to prevail. I don't want to wait or take a chance given the history of this convicted felon and San Diego trader, knowing how much ammo he had/has used to fill his garages and Mansions with exotic cars and trinkets from the ill gotten gains of pick pocketing e.digital's shareholders wallets and purses, among others. What's even scarier people, is how he was so quite about shorting e.digital, even subtle, when he's been so vocal about others, what's he hiding? He was once on CNBC in an interview, and as they filmed him in his office, he cleverly showed his quote screen, and on it prominently displayed......you guessed it, EDIG. There's NO DOUBT, damage to e.digital share price/capital structure has occurred, and most likely by a gang of cheating thieves. I understand the lack of news, the last 4 years, and so forth, but one thing stands out like a diamond in the ruff with e.digital, is the amount of shareholders, I have never seen a Bulletin Board stock with tens of thousands of shareholders, very impressive and LOYAL! Given all of the facts, this stock could still be easily trading at dollars a share with this type of following, so what happened all the times that the trading seemed so odd? I'M THOROUGHLY CONVINCED, don't need anymore evidence. The question NOW is, are he and his cronies, still short, and if so, are they still working on trying to kill e.digital slowly, as e.digital has to dilute our holdings, more and more, and more??? Be active folks, or you could be another victim, if you want to wait and see and doing nothing which is the norm for most, you would deserve everything you have coming to you. This is for real, folks and is coming to light, believe it, or not!
So, what we need to do is get Robert.P involved and active to protect the shareholders to make sure he and the co. are doing all they can to fend off these silent attackers (remember the Berlin stock exchange event in Feb?) and find out what the DTC report shows as having in the way of a share position for e.digital (good settlements.), then we need to somehow, get e.digital's shareholders together and all the statement totals of shares, including people that are holding their own certs (very smart, and also needs to be done.) And then subtract the two significant numbers. This will tell if in fact there is a Naked Short position. Don't you want to know? And I think I have a way to make sure the crooks will never short e.digital again. It's called DVP (delivery vs. payment option.) This is usually an option for wealthy clients only, and simply means, when you buy EDIG or whatever stock, you say you want your stock certificates delivered at the same time you make payment, or forget it! I'm looking into this and will share info when I can. I don't want to be alarmist, but certain RECENT events are leading to this story becoming front-page news for a long, long time. I want to be first in line, how bout you? Do you own your certs or does someone else??? Stay tuned. mguru
I know I'm going to get my ass chewed out on Agora for what I posted but I gotta think this is what happened to us (EDIG) in the recent share fiasco. All those shares traded and it didn't do a damn thing....
any comments? or am I wrong in understanding the paragraph below.
“PILING ON/FRONT RUNNING/TRADE PADDING”
An interesting phenomenon often occurs when the Canadian broker/dealer first gets visibility of a large sell order. Let’s assume that it is a 20-million share sell order of nonexistent stock “at market” to be executed in two weeks time. The typical source of a sell order like this might be a market maker with a hedge fund connection that “accidentally” got into a large naked short position while servicing a valued client. Knowing that this sell order is going to severely depress the victim company’s share price, the Canadian broker/dealer will often put in their own sell order of maybe 10 million shares and process it before processing the 20 million share sell order. The offshore corporation can’t exactly point an accusing finger should they detect the front running since they are breaking the law themselves. Now the Canadian broker will hand a 30-million share sell order to a market maker. When the market maker sees this now gigantic sell order they will often front run this 30 million share sell order with a 10 million share sell order of their own making. They know all too well what a 30 million share sell order will do to one of these thinly traded securities. Thus a sell order of 20 million nonexistent shares has now grown to 40 million nonexistent shares. This elucidates the “Self fulfilling prophecy” aspect of naked short selling. Unsuspecting shareholders will pay “real” money for all 40 million of those shares and not suspect any hanky-panky at all. How could a monthly statement from one of these prestigious Wall Street firms be telling a lie?
Thus naked short selling can work from left to right through the various steps involved in the processing of a buy order, in essence “neutralizing” the up ticking effect on share prices caused by buy orders, or from right to left with the introduction of massive sell orders of nonexistent shares.
Here's the original link posted by emit on agora.
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=srci&read=1157382
I wasn't comparing any industries, just business in general.
Some bust their chops for years before anything fruitful evolves, some fail.
Trump filed BK 3 times (I hear), now look.
Just a general comment.
Everything they did prior to the aps project flopped.
I wonder how many people and companies had this happen to them before they made it big?
Trump comes to mind ;o)
DUE>>>
Ok, but she can outrun me.....I'll fire up the ol' hemi and then say it...lol.
lol.....must be them
MM's ...they always take us suckers ..uhh I mean minnows.
Mac...
lmao...I take it you know it works?
I'll hafta keep that in memory.
I was just going by what Cassie once said...A man that admits he is wrong is a real man...harrrumfff....
there..the bait is out...lets see what we can catch....
;o)
and MaryinRed was in Belize....lol
so what's the prob? I wish I sold them at that price too.....