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It actually says
'2 Business days'
That would make it next Wednesday agreed?
WASHINGTON, May 19 (Reuters) - Three hedge fund managers agreed to pay a total of about $2.4 million to settle charges of illegal short- selling in nearly two dozen offerings, the U.S. Securities and Exchange Commission said on Thursday.
The SEC said the three managers -- Galleon Management LP, Oaktree Capital Management LLC and DB Investment Managers Inc., a subsidiary of Deutsche Bank AG <DBKGn.DE> -- settled without admitting or denying any wrongdoing.
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There ya go SEC you can even make money actually enforcing your own rules too !
I'm with Investo,
Doubling when it tanks pinko
Could be an very interesting play here.
But this is a play for me.
If you NEED the money it could be a rough ride.
GLTA
Well lets see,
Theres juniors trust fund to fill with a few.
That offshore fund wants to buy some.
No different to the damn Hedge Funds which churn all the naked shorted stuff ad infinitum,
A little imagination ?
Oops someone heard. The price is up !!
Good for you investo,
Now thats a plan !
Just a thought and 5 cents guys,
Dont you think this is an opportune way to get shot of Cornell for good.
File late, even go pink - depress price.
Cornell will be able to cover their shorting more cheaply and Tom buy shares back in his own Co !
just a thought.
Thats what I would be thinking about.
Looking to buy if it does go pink !
Thanks for sharing that with us lowtrade,
Gave food for thought.
Here you go !
Send a line to the SEC.
Dear OTC Investor:
I am writing to alert you of a very important rule change that is needed to improve the OTC marketplace. I need your help to make regulators turn on the lights and protect investors from the menace of hidden short selling in the OTC market.
I think you'll agree that this issue deserves the small amount of your time it will take for you to tell the SEC what you think about this issue.
As Chairman & CEO of the Pink Sheets, I know perhaps better than anyone the importance of improving the Pink Sheets and OTCBB trading. And I know the devastating impact that small companies face when their market is tarnished by the threat of manipulation.
There is a crisis facing the OTC market today in the lack of short sale position reporting and disclosure for OTC issues. This lack of transparency regarding short selling in the OTC market allows fraudulent acts to go undiscovered and manipulative short sellers to hide.
I believe regulators should fix the problem. Small issuers traded on the Pink Sheets and the OTCBB deserve the same transparency and regulatory oversight of short selling as those listed on Exchanges or NASDAQ.
Therefore, Pink Sheets has petitioned the SEC to cause the amendment of NASD Rule 3360 and require NASD broker dealers to maintain a record of total "short" positions in all customer and proprietary firm accounts in all publicly traded equity securities as well as report this information to the NASD for public dissemination of the short positions by security. The SEC's action is urgently needed to prevent fraudulent acts, expose market manipulation, promote fair principles of trade and protect investors.
Our full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-500.pdf and comments by other concerned OTC market participants are available at: http://sec.gov/rules/petitions/4-500.shtml
But I cannot make this important rule change happen without your help. Thus I'm asking you to write a letter today, and voice your support to the SEC for the Pink Sheets' Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination.
So please send your comments via Email to: rule-comments@sec.gov with a Cc: copy to: pubcom@nasd.com
Or, if it's more convenient, you can mail your comments to:
Jonathan G. Katz
Secretary, Securities Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
With a copy to:
Barbara Z. Sweeney
Senior Vice President and Corporate Secretary, NASD
1735 K Street, NW
Washington DC 20006-1500;
Either way, your Email or letter should refer to SEC File No. 4-500. Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination of Aggregate Positions by Security.
I know I'm asking you to do a lot. But it's important that we make the OTC market transparent and fairly regulated. I think you'll agree that this issue deserves the small amount of your time to tell the SEC what you think about this issue.
Remember, the only way to succeed in achieving this rule change is through the public outcry of investors demanding the SEC make this needed improvement to the OTC markets, and there is no substitute for your personal voice in this debate. This important rule change is not going to happen if you remain silent.
So please, don't rely on others to get the job done. Write your Emails or letters today. Together, we must win this battle and convince the SEC not to treat the OTC secondary markets for small companies as second class citizens.
Without this rule change investors and securities regulators will be blind to any short selling activity in Pink Sheets and OTCBB stocks. The SEC needs to know that the lack of short sale information in your securities is unacceptable and demand they change NASD Rule 3360 immediately.
I'm asking for your help to improve this critical part of the securities market, so that companies like yours will be traded in transparent, efficient and well regulated OTC markets. Please do your part by writing your Email or letter today. Every voice counts in the debate, and yours could be the one that puts us over the top.
Thank you for your time and help in this fight.
Sincerely,
R. Cromwell Coulson
Chairman & CEO
P.S. We can only succeed in making these rule changes with your help. So please, take action today. And once again, thank you very much for your help.
Note: To comment to the SEC via Internet, use rule-comments@sec.gov with a Cc: copy to: pubcom@nasd.com
File No. 4-500. Request for rulemaking regarding member records of "short" positions and reporting and public dissemination of aggregate positions by security.
SEC Public Petition page: http://sec.gov/rules/petitions.shtml
Pink Sheets request is available at: http://sec.gov/rules/petitions/petn4-500.pdf
Comments by other concerned OTC market participants are available at: http://sec.gov/rules/petitions/4-500.shtml
Thanks for that Stockrocker,
Still following the trail
Lap, have posted it on barters SHO board.
Green screens today for y'all !
How its done ?!!
From the PRRM and CMKX Boards
By: clockwatcher10
12 May 2005, 05:16 PM EDT
Msg. 34399 of 34409
Jump to msg. #
OT: Quite an interesting development today for those who are into Naked
Shorting Theories.
CMKX is in possession of a letter from JEFF admitting that they sold more
shares than were available, due to a "software setting." The setting turns
on and off a pop-up window, designed to thwart such problems.
The software issue also was responsible for the lion's share of those
unexplainable 9,999,999 trades we were perplexed about.
Quite an interesting read. It'll shock you how easy it is to sell
nonexistant shares, just by turning on and off a setting in the software's
properties. How many other brokers have the same software and abuse the same
features JEFF did?
Imagine someone giving you the secret formula for turning lead into gold! In
the instance of JEFF you go into system properties, turn off the warning
message then go back in and sell all the shares you want!
How cool is that?
The following is required reading for those of you who want to know how easy
it is to sell fake shares.
To view the letter:
http://www.cmkxownersgroup.com/JefferiesLetter.pdf
To view the thread:
http://cmkxdiamond.proboards32.com/index.cgi?board=general&action=display&num=1115916988
- - - - -
May 11, 2005 -- Hedge funds lost as much as $8 billion yesterday placing wild bets on which way General Motors' wobbly credit would land, adding more woes to already weakened stocks.
Thats encouraging DJ,
So was today the 'last short' to try and balance the books ?
maybe
Go find that screen washer !
As does the rest of the world USC,
Rest assured.
GLTY
And I always thought K was thousands. (Kilo could it be?)
M millions ?
Humm !
Guess I had better get out of International accounting then.
Be interesting to follow what the GTEL TA boys and girls take on this is today DJ.
Would like to see a video of the 'tethered' flight too !!
Nice research DJ
You work hard for us.
Thanks
(Still digesting lowtrades post too - a good one!)
Yep it does indeed DJ,
Guess I thought (hoped) we would be free of them.
Why - G'd only knows after all their both run by the SEC !
What else could we expect ??!!
Anyway I think its going to be an interesting GTEL day tomorrow.
The best
Ohhhh!
Point taken DJ
Thanks
Yes I suppose so.
Good thing also is it tallies the books and gets rid off any naked shorts,
Tomorrow should be interesting and the market provide a concensus on if its a good or bad move I suppose,
GLTY
Well DJ
Guess it gets them out of the pennies and less vunerable to the necked ones!
Onto Amex and into the Institutions
But why 15 and not 10 or 5 ?
Dunno
A 1 to 5 would have done it.
We may get a better feel from the boards over the next couple of days.
The best to you
Order in to Haiti Dawg,
One named NITE, etc etc etc
Whose Rolf ?
Is he a troll ? LOL
Glory be lap,
It woks !
GLTY
The clairvoyant used to 'read the leaves'.
Had to be Darjeeling for some reason.
Made a good cuppa though.
But alas I blinded her with the dart so the art seems to have been lost to her.
Leaves can only be read apparently and not heard.
The Ouija board sounds interesting.
Could you ask Steve to plug in a few of my dogs please ?
Maybe that will work.
The other thing I thought about trying was Voodo.
Putting a hex on some of the MM's !
Waddya tink ?
Nice to see someone else using this age old science for prediction.
Tried the dart method once but hit the clairvoyant I used to use in the eye!
She cant see anymore ! LOL
Nice to see someone else using this age old science for prediction.
Tried the dart method once but hit the clairvoyant I used to use in the eye!
She cant see anymore ! LOL
Did they naked short it too ?
Maybe an explanation of this could give the answer to the 'financial terrorism' taking place in the US market ?
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Before you read this article, conduct this test. Try to purchase some stock, or some futures, a mutual fund or some put options, without providing your identity. Go ahead and try it! See if you get anywhere. Find out what happens when you tell the investment firm that you want to make a huge investment anonymously. It can’t be done.
Then ask yourself this question: How could someone have placed anonymous put options on American Airlines and United Airlines just prior to the attacks of 9/11? Then ask yourself why no one has investigated this suspicious deal. Ask yourself why there has been no attempt by the US government to identify the person who anticipated huge profits from a disaster that was yet to occur.
(continues with conspiracy theory !)
Stockrocker
I'm begginning to think that might be the way to rock their boat !
Sweet EZ,
Nice one
have a good w/e
Seems a good article on where we are at this point in time with WIMAX
"WiMax can be a big deal in the next five years--the way Wi-Fi has been over the last two years," Intel Executive Vice President Sean Maloney said at the Wireless Communications Association conference here Wednesday. "Getting fiber would be ideal...but the cost economics (of installations), about $300 per square foot in San Francisco, are pushing away from (broadband) to wireless."
The 802.16a standard was approved in January of last year and the WiMax Forum, an industry group of 67 companies, is promoting the standard under the name WiMax, short for Worldwide Interoperability for Microwave Access. WiMax networks have a range of up to about 30 miles with data transfer speeds of up to 70mbps.
WiMax is viewed as a cheaper alternative to digital subscriber lines and cable broadband access, because the installation costs of wireless infrastructure are minimal, when compared with the wired versions, which can involve laying cables and ripping up buildings and streets, in some cases.
WiMax is not yet a reality, considering that even chips based on the technology are not currently available. Venture capital is pouring into WiMax, however, according to Maloney, and companies are preparing to meet demand.
Intel is expected to begin shipping WiMax chips in the second half of this year. The company will manufacture chips based on the 802.16d standard, which is meant for wireless high-speed connections to antennas.
Outdoor installations of WiMax antennas will begin in the first half of 2005, with indoor installations of WiMax antennas following in the second half. Devices that have WiMax chips using what will be the portable 802.16e standard may be available at early as 2006.
802.16e chips will enable devices to directly connect to WiMax antennas.
Intel also announced that it is working with telecommunications equipment companies, including Airspan Networks, Alvarion, Aperto Networks and Redline Communications, on WiMax equipment that uses Intel silicon. Telecom carriers working with Intel include BT in the United Kingdom, Iberbanda in Spain, PCCW in Hong Kong and Reliance Infocomm in India.
Exactly Shakey,
The 'home' installation 'kit' is already there.
Much as a satelite TV aerial and RX box.
(I cant beleive Alvarion is the only manufaturer of these anttenna' and up/downloaders BTW. If anyone finds another source please post it.)
Frequencies for HAA comms seems to have been considered and assigned and there is work on world standardization going on.
It may be a matter of allowing greater power for the uplink.
But essentially its a WIMAX system already in use.
If he is to be beleived it seems there are a lot of shareholders out there with shorting concerns.
Equity CEO Commends Shareholders for Uniting to Fight Short Selling; Sets Sights on Next Acquisitions
May 05, 2005 09:01:04 (ET)
PALM BEACH, Fla., May 05, 2005 (BUSINESS WIRE) -- Union Equity Inc. (Pink Sheets:UNQT) has received hundreds of correspondences from shareholders in the past weeks, many of which detailed stock positions held and asked how to take delivery of stock certificates in an effort to combat short selling.
"I never expected this type of response from shareholders," said CEO Michael Anthony. "Last week when we requested that shareholders take delivery of their certificates to combat short selling, I knew it would separate the speculators from the investors, but the sentiment seems to be that people are in this for the long-term. I am ecstatic to see that there are so many people who share my personal belief that real estate is a powerhouse sector."
Union Equity previously requested that shareholders contact their broker/dealers and request that their shares of company stock be delivered to them in certificate form in order to make it more difficult for short-sellers to borrow stock. Theoretically, if there are fewer shares out there for short-sellers to borrow, it makes it harder for them to achieve their objective.
"I want to thank our shareholders for their support but I can't give advice regarding how to store stock certificates or how to take delivery," Anthony said.
The company asks shareholders to contact their respective brokers or brokerage firms regarding any technical questions regarding the delivery and handling of stock certificates.
Take a look at one of the competition.
The demo video especially.
http://www.techspheresystems.com/DesktopDefault.aspx
Seems they have also solved the manned/unmanned problem too.
(Rock apologies if this has already been posted somewhere, I couldn't find it here)
GLTA
S- or-r y yep 8K !
Waddya call a mental typo ?
MLXO S8 filed
Note they appear to have rid themselves of their 'toxic' financiers Cornell.
The reason for the 'Jekyll and Hyde' most likely EZ ?
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001084263%2D05%2D000003%2Etxt&FilePath....
MLXO S8 filed
Note they appear to have rid themselves of their 'toxic' financers Cornell.
The reason for the 'Jekyll and Hyde' EZ ?
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001084263%2D05%2D000003%2Etxt&FilePath....
Good take Investo.
Getting rid of Cornell's toxic financing is the best move they could have made.
It's turned the heat to where it belongs.
Now if they could only recall their shares and re issue ....
They would leave the naked shorters in the sh.t too !
Love that Dawg, LOLOLOL
Lap
Great minds
I read DJ's post on your board
but I had posted enough here this morning.!!!
There is private mail reply for you.
I think the good guys (and gals) need to get in a huddle here somewhere and discuss the possible solution for us.
GLTA
From Joy on EZ's Board
Things are heating up --- maybe
How about sending to the CEO's of your holdings everyone .
The Chairman of the Pink Sheets, Mr. R. Cromwell Coulson, today sent a global request to Public Companies on the Over the Counter Bulletin Boards (OTCBB), and Pink Sheets to help improve the OTC Marketplace by showing their support in a new proposed rule to require broker-deals to report short selling by responding to his petition request.
Last week, Zoomingstocks.com highlighted the issue of trading rebates and the apparent manipulation of OTC stocks including the issue of wash-trades. To support this apparent abuse of the system, Zoomingstocks referred to public documents available on the SEC website issued by Mr. Jonathan Katz, the Secretary of the SEC. Mr. Coulson is fighting the "good fight" on behalf of small companies that are targeted by manipulators and shorters, aimed at stealing your investment dollars. Today's letter to OTC companies comes as a major surprise as Mr. Coulson takes up the mantle for small companies in the battle against short selling. Towards this end, Mr. Coulson is referring to a proposal made by Mr. Jonathan Katz, Secretary of the SEC in January that will cause the SEC to enact regulations requiring the reporting of all short sales to the public. Mr. Coulson stated that, "Pink Sheets has petitioned the SEC to cause the amendment of NASD Rule 3360 and require NASD broker dealers to maintain a record of total "short" positions in all customer and proprietary firm accounts in all publicly traded equity securities". The petition further wants this information reported to the NASD for public dissemination of the short positions, by company.
The letter, specifically addressed to OTC companies included supporting links to documents to propose and support this new ruling. The full rule change request is available for you to read at: http://sec.gov/rules/petitions/petn4-500.pdf and http://sec.gov/rules/petitions.shtml. (See Zoomingstocks.com website for a generic copy of the letter).
Mr. Coulson's petition to CEOs stated the following: "I cannot make this important rule change happen without your help. Thus I'm asking you to write a letter on your company's letterhead today, and voice your support to the SEC for the Pink Sheets' Request for Rulemaking Regarding Member Records of "Short" Positions and Reporting and Public Dissemination".
------
Apparently, someone out there cares about your investment and the blatant disregard that some broker-dealers have for you. Mr. Coulson is taking a stand for reform and the protection of Pink Sheet companies and individual investors. Today, shareholders are gathering in groups aimed at taking a stance against these very issues. With the Pink Sheets stepping up to the plate to take action toward reforms against broker-dealer advantages, and shareholders efforts combined, it appears that our U.S. Markets will be leading the charge against the market manipulators. Always the first at revolutionary methods, the U.S. once again leads the world in reform. Thank you Mr. Coulson for taking a stand.
Zoom Generation Newsletter
May 2, 2005
in this issue Pink Sheets Seeks Help from Companies
Barter
This from Laps # msg 134 link
Maybe one for the board header ?
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Persons and companies with knowledge of illegal naked short selling, government corruption, or who wish to join in the class action may post their case and contact information at the following web site:
http://pub32.ezboard.com/binternationalbankactivitiesreformcommissionwhistleblowerscommunity
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