Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lowtrade
Looks like you got your hoped for volume levels and a bit more from your posting last night.
Fast studying Aroons !
Thanks all
This is the editors footnote at 2.30pm to the Faulk piece re.postponment of Stockgate.
(Editor's note: This story has been updated twice since we first posted it at 2:00 pm ET, as new information has been received. I swear that this is the final version.)
Guess we shall see ........
I'm confused is Mark Faulk wrong with his press release then?
They chickened out yet again !!
Dateline Stockgate Update: POSTPONED YET AGAIN!
by Mark Faulk
It's official: Representatives at Dateline have confirmed that the Stockgate segment originally scheduled for Sunday, April 10th, at 7 pm ET, HAS BEEN POSTPONED. According to Dateline, the segment will definitely still air, but that because of scheduling conflicts that have arisen due to the death of the Pope, the Stockgate segment schedule has been pushed back. A Dateline official confirmed that special segments that aired at the time of the Pope's death has caused a "major reshuffling of the entire Dateline schedule". They have not yet announced a new air date for the show.
Instead, according to the Dateline website, they will air a segment in which "NBC's Al Roker sits down with 'American Idol' star Ruben Studdard to discuss his latest gospel album and how his life has changed since beating Clay Aiken on the second season of 'American Idol.'"
Once again, this raises the usual questions about how committed Dateline is to this story, and after postponements and cancellations that have kept this off the air for over a year, those concerns are valid. While Dateline officials assured us that they "will air the segment", the major media has been stepping up the pressure over the past few weeks, releasing a flurry of articles on the naked short selling scandal that has plagued the stock market for years. As for the Dateline segment, according to representatives with Koerner Kronenfeld Partners, who are the communications directors for attorneys O’Quinn, Laminack & Pirtle, Christian, Smith, Wukoson and Jewell, and Heard, Robins, Cloud, Lubel & Greenwood, the law firms representing clients in dozens of lawsuits filed against the SEC, the DTCC, and several of the country's largest brokerage firms, Dateline producer Sharon Hoffman has spent the week fact-checking and editing the story.
So there you have it: one more delay on the story that has been called "been called the biggest financial scandal in the history of the world, with incurred losses estimated by some experts at well over $1 trillion dollars." Instead, it's beginning to look like everyone will be treated to a hard-hitting interview with American Idol teddy bear Ruben Studdard. Enjoy. We'll keep you posted, and that's the Faulking Truth.
Full marksd too you to Tech !
That was impressive lowtrade !
Naked shorting
You might want to check this board out.
The troops are rallying there,
http://www.investorshub.com/boards/board.asp?board_id=3319
Also ABC Dateline Sunday 'Stockgate'
A lot of Strats falling from the sky !
Remember the strat is a lighter than air machine.
I summise that a strat of that size would provide a massive radar signature.
If it became heavier than air through lose of gases then it should descend quite slowly.
If a rupture occured the envelopes would most probably act as its own parachute.
Even para gliders are able to carry their own chute. So that may also be an option for deployment in an emergency.
Baro release, rate of descent release ...
Are you insuring it ?
Antonov AN 225
Lifts 225 tons.
They are available for private charter BTW
But a rather expensive solution.
A simpler and easier one may be to sling it under a 'copter dont you think ?
But risks damage to the envelope with turbulance.
Laptop,
Some of the biggest offenders may not be American.
How about Canadians perhaps ?
Do you think that one of the reasons the SEC has done nothing for 71 years and indeed 'forgiven' and condoned 70 prior years of this illegality might be that it would expose some who are complicit and in high public office in the US admin?
Maybe they may be foreign agents attempting to undermine the US economy!
Sorry Rock,
Shouldnt have gone there.
Wont again
Kermit,
You have google,
Do some DD
Try and connect these - both have been mentioned and not by me first but only in response.
Kissinger
Carlyle Group.
Thats enough it may lead on from there where you will and to your own conclusions.
Here is a board for you to vent your anger and maybe do something about it.
http://www.investorshub.com/boards/board.asp?board_id=3319
I am afraid Kissinger IMO will help little. You have to read very deeply into that one to understand.
There is talk of a class suit against a sample (and guilty) MM.
Its useless to try and sue the SEC.
They have virtual immunity !
Thanks lowtrade,
Yes I did follow your link and found others.
The more I read into the subject to more I become concerned.
Good to know that GTEL's listing on the Berlin Bourse was a company decision.
HSYN temporaliy suspended
http://www.sec.gov/litigation/suspensions/34-51474.pdf
Pity they dont suspend MM's who naked short too !
What dont they ??
HSYN
Seems a bit hypocrytical of the SEC.
Pity they dont suspend MM's for naked shorting !
MIAMI--(BUSINESS WIRE)--April 5, 2005--GlobeTel Communications Corp.
(OTCBB:GTEL) today announced that its wholly-owned subsidiary, Sanswire
Networks, LLC (Sanswire), will be unveiling its prototype high altitude airship,
Sanswire One, in California on April 12, 2005 as previously announced.
The unveiling will be held between 2 p.m. and 4 p.m. Interested shareholders
and other parties should arrive at the San Bernardino Hilton (909-889-0133)
before 1:30 p.m., where they will be shuttled by bus to the Sanswire
construction facility, returning at approximately 4.00 p.m.
People who wish to attend should register by sending a confirmatory email to
registration@sanswire.com. For more information interested parties should
contact Leigh Coleman at lcoleman@globetel.net.
According to Timothy M. Huff, CEO of GTEL, "Sanswire One has undergone a
significant construction program since February 22, when we held our Technology
Summit in San Bernardino. Sanswire One marks the beginning of an exciting phase
in the development of the Company's high altitude platform program. At the
unveiling, we will answer questions concerning the airship construction and
performance. We will also give an updated timeline to the future events of
Sanswire One."
Soon after the unveiling, Sanswire One will be moved to Edwards Air Force Base
where the actual launch will take place. Mr. Huff stated, "Our plans are to
launch at Edwards AFB, under the direction of NASA and the Air Force. Each
agency will have to approve the flight plan before the launch date. By launching
it from Edwards, we will be using non-FAA regulated air space which should
expedite the flight safety approval process. Until the launch date, we will be
doing ground base test and begin the process on the construction of Sanswire 2,
the 400-foot long commercial airship. Sanswire 2 will be constructed in our new
facilities near Edwards AFB."
A public announcement will be made on April 13 to give an update for those who
couldn't attend the unveiling which will include pictures of Sanswire One.
For more information, please go to http://www.sanswire.com.
Certain statements in this release constitute forward-looking statements or
statements which may be deemed or construed to be forward-looking statements
within the meaning of the Private Placement Act of 1995. The words "forecast",
"project", "intend", "expect", "should", "would", and similar expressions and
all statements, which are not historical facts, are intended to identify
forward-looking statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance (finance or operating) or
achievements to differ from future results, performance (financing and
operating) or achievements expressed or implied by such forward-looking
statements. The above are more fully discussed in the Company's SEC filings.
CONTACT: GlobeTel Communications Corp., Miami
Leigh Coleman, 954-241-0590
investors@globetel.net
http://www.globetel.net
KEYWORD: FLORIDA
INDUSTRY KEYWORD: AEROSPACE/DEFENSE TELECOMMUNICATIONS
SOURCE: GlobeTel Communications Corp.
Copyright Business Wire 2005
Thanks Tim,
Seems we will see the pics soon enough !
I posted a couple of days ago what appeared to be an anomoly between to US and Berlin market prices for GTEL.
There was a reason
I have noticed that one of the indicators for a stock being naked shorted (nakedly shorted?!) is a listing on another overseas board.
The Berlin Bourse seems to be a favorite.
As you have probably read these listing comes about invariably NOT off the companies own filing but that of others.
There was a post of the mechanics of this recently.
For good or bad I think it would be wise to bear the element of naked shorting in mind.
It has the effect of skewing TA significantly of course.
Particularly, also, as it may well come into more public view after Dateline on Sunday !!
Exploring the possiblity potential for an IHub investors class action ??
April 4, 2005 (FinancialWire) It’s now only 6 days until the airing of the Dateline NBC expose on illegal manipulative short selling, scheduled by the General Electric (NYSE: GE) network this coming Sunday night, April 10, and the war of words rages on.
April 4, 2005 (FinancialWire) It’s now only 6 days until the airing of the Dateline NBC expose on illegal manipulative short selling, scheduled by the General Electric (NYSE: GE) network this coming Sunday night, April 10, and the war of words rages on.
The Dow Jones (NYSE: DJ) Newswires have reported how Overstock (NASDAQ: OSTK) CEO, Patrick Byrne is featured in a new “activist video” sponsored by the National Coalition Against Naked Short Selling, whose founder, a secretive individual calling himself Robert O’Brien, who got “mad as hell” and decided he wasn’t going to “take it any more” after claiming to have lost money to market manipulators while invested in Novastar Financial (NYSE: NFI).
Now O’Brien has posted a blog at http://bobosrevenge.blogspot.com , that claims U.S. Securities and Exchange Commission Assistant Director of Market Regulation James Brigagliano of lying to U.S. Senator Paul Sarbanes (D-MD) in April, 2003, to cover up illegal naked short sales.
O’Brien says he has evidence that Brigagliano dismissed email evidence of settlement failures that he could not explain as “pertaining to a corporate action taken in June of 2004, ignoring that the emails/statements were dated nearly 14 months prior.”
In other words, says O’Brien, the SEC official attempted to explain away the questions that Sarbanes asked him by referencing an event that at the time of the emails had not yet occurred.
FinancialWire had reported on the video, at http://tinyurl.com/5vq8y , last week, as well as the debate between the Depository Trust and Clearing Corp. and EuroMoney, the prestigious Institutional Investor magazine that is considered the Bible of European financial institutions. The DTCC says EuroMoney’s comprehensive series on “naked short selling,” which the DTCC’s counsel, Larry Thompson recently stated he finds no evidence exists, is just “sloppy journalism.”
“We will not accept silently this type of sloppy, one-sided journalism whether in print or broadcast,” said Thompson, apparently in a warm-up to the expected onslaught of public opinion after the upcoming Dateline NBC network telecast.
The DTCC, which is run under the joint authority of the New York Stock Exchange and NASD, both government-sponsored SROs, may even have run afoul of serious laws against interference with the press, according to attorney Marshal Shichtman, Esq., who is investigating the organization’s purported collusion with Investors Business Daily in an attempt to censor or squelch further distribution of FinancialWire.
This comes hard on the heels of an ad in the New York Times (NYSE: NYT) from The Washington Legal Foundation, located at http://www.wlf.org, which has considerable clout in the Bush administration, with ten of its board members now serving in various capacities, including three, headed by U.S. Attorney General John Ashcroft, in the Bush cabinet. Its “In All Fairness” advertorial, “What’s Up With The SEC?” may be seen at http://www.wlf.org/upload/032805IAFSEC.pdf
The advertorial alleges that class action lawyers are colluding with short sellers “right under the noses of SEC investigators,” whose abuses cause “investors, employees, pensioners and companies” to “lose millions of dollars in stock value each year.”
The WLF said that the SEC has been “sitting on several complaints of misconduct” that it and the U.S. Chamber of Commerce have filed that detail “examples of questionable stock manipulation by short sellers and class action attorneys.”
The group says that the SEC is “looking the other way while class action attorneys enjoy a free-for-all, reaping millions in windfall fees to the detriment of shareholders,” and asks “why isn’t the SEC taking legal and regulatory action to prevent stock manipulation and to protect investors from the looting by plaintiffs’ lawyers? Shouldn’t there be rules and oversight to deter these trial lawyer abuses?”
It concludes that “the SEC must show America that it can get tough with more sinister villains than Martha Stewart.”
Recently also, Motley Fool lambasted regulators for letting what it called “71-year-old laws” against naked short selling go unenforced.
The article is at http://www.fool.com/news/commentary/2005/commentary05032407.htm?source=eptyholnk303100&logvisit=....
Recently U.S. Senator Robert Bennett (R-UT), pointedly questioned SEC Chair William Donaldson about naked short selling, and what he said was a failure by the SEC to enforce existing laws.
A video of the exchange is at http://www.investrendinformation.com
Confessions of a trader '!
Must read
http://www.investorshub.com/boards/read_msg.asp?message_id=5949404
Seems there are a few good men still in there.
Good call William,
I'm getting impressed by 'cups and saucers' too !
Could you perhaps give us novices a chart illustration of what you predicted and how?
Thanks for giving us your time here
MLXO
How low can it go ?
A plausible explanation of why the enigma or 'Jekyll and Hyde' movement of the price.
Here
http://www.investorshub.com/boards/read_msg.asp?message_id=5943798&txt2find=mlxo+
The proof of that would seem to be that this board is No 18 in popularity today.
Perhaps companies (and shareholders) who are damaged by 'naked shorters' should do likewise to balance their books and encourage the SEC to take action.
http://www.investorshub.com/boards/read_msg.asp?message_id=5941062
Carlyle Group,
The big time beltway bandits.
Ever wondered why their HO is not in the US but in London and their titular head John Major Ex Brit PM ?
The Bin Ladins are 'members' too.
Yep I know quite a bit about the Carlyle Group and it aint all good.
Just goes to show how far ahead Glebtel is with the Strat.
Humm Dont think I will send my son to Purdue if they cant even 'research' Google to find out they are trying to reinvent a Strat.
Almost as if soemone has plaguerized Globetel for their PhD !!??
lowtrade, Juststocks, Tech,
That was a hell of a lesson in a few short well illustrated posts,
Thanks
Gave a lot of meaning and understanding to what was becoming an enigma.
I'm not commenting but lurking with interest as I cannot usfully add to the rich seminar.
What a great idea a TA site is turning out to be.
Lowtrade
That was kind of you to spend that much thought and time,
Your making this a quality board
Thanks
Thanks EZ
Glad your holding a few dogs too !
I love my dogs but .............!!!
NITE NITE
Berlin Exchange
Am I missing something here.
Presumably the sums would be in Euros
Last Trade E 0.21 would = $0.275.
So why are we at 0.247 at this time !
A good test is to see how many have logged lance.
Good guy
Now look at some others
Including myself !!!
Thanks Art
All the info required.
I take it you all would like the site gone ?
I will if you wish put the hosts on notice.
That should shut it down otherwise they will become accomplises and liable to suit.
At least then we have something to sue !
Someone sure feels threatened and worried by EZTO to go to these lengths.
Humm,
Any idea when the site (EZ2scam) was launched (ie published).
Copyright infringment too it appears !!
LOL,
Concerns me though that the company would want to pay him to pump and dump.
Heavens
He's answered 65 calls today from investors who want reassurance AND he still has time to get the 10K in on time !
Wow some guy !!!!
Just think what he might do if we left him to manage the company with its enormous potential!
And I see we havent fallen through .07 as someone kept on predicting today even though he hadn't time to get his latest news release together !!
Welcome back Rigs,
How was the holiday?
Bit of diving perhaps !!!
Your RUBM looking good !
Humm
Cookies ........
Was that the
www.NCAN.com ?
The campaign against site
That one didnt seem to work at all for me.
Thanks Juststocks
Saved me time and effort.
Found another too !!!
http://investorshub.com/boards/board.asp?board_id=3310
Must really have a better look around IHUB
A wealth of stuff ..
Have a good evening
Tech,
Naked shorting
I am considering a new board.
The subject of Naked Shorting keeps cropping up here perhaps because it has a negative influence not only on share prices but TA too.
It skews any logical mathmatical approach to determining rise and fall to some extent.
That might have been evident in EZTO and GTEL today.
Hopefully there will be others who might want to help with such a site.
Anyone ??