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Well said.
Funding came totally from private placement.No NMKT funds involved.
NMKT at present has no connection to NNMKT China. That operation is separate and was funded by a private placement. It is planned at some future date for NMKT to buy it or to spin it off to NMKT shareholders. But this effectively destroys your plan.
I think we should all now consider that RB is only an untrustworthy site. Lets all shift to this one. Shame to lose all your data but perhaps when RB does get resurrected you should consider moving it here.
Your presence here is most welcome.Glad to see someone else who can't get onto the Raging Bull. Their webmaster must be incompetenty. I know of no other web site that has the continuous problems that :Lycos Raging Bull has.
Yes-we should learn from history. The prob lem as I am coming to see ity is the inter relationships between Wall Street, The DTCC, The SEC and the DOJ. Until these links are severed there will be no progress in cleaning up our financial markets. These self serving arrangements have to be deleted.Only a financial calamity can do it.
I think if you re-read the message you received from Raging Bull it tells you how to verify your sign up. Follow those directions and you'll find your problem solved.
Perhaps the American ideal of ethics is imploding.
Never ends. The circles just keep spreading like the waves caused by tossing a big rock into a pond!!!
I hate to admit it. You have the facts straight.!!!Read my last post for more.
The Circle of Greed: The Only Bull in this Stock Market is a Cash Cow
By Mark Faulk
Jan. 17, 2006
Hedge funds and brokerage firms. It's a match made in Wall Street Heaven. Brokerage firms make their money not by representing their clients, the average investor. They make their money by trading stock. It's that simple. And no one trades more stock that the hedge funds. Between the two of them, they have created some of the wealthiest individuals in America, lining their own pockets with outrageous salaries, unbelievable commissions, and massive bonuses that most Americans can only dream about. And they do it in a stock market where the average investor is still struggling to recoup even a fraction of the losses sustained in the market meltdown of 2000.
They do it by selling stock. It doesn't even matter whether that stock is real or imagined, just as long as the shares keep flowing. It doesn't matter whether the shares are delivered or not, just as long as the "customer" keeps paying the commissions for the shares that flow in a neverending stream from one hand to another. Counterfeit or real, as long as the brokerage firms collect their fees, they'll continue to buy and sell, sell and buy.
In a New York Times article last Thursday, they announced the yearly bonuses doled out by Wall Street by opening with the sentence, "Ferrari dealers, get ready. Wall Street bonuses are in and they are big." It wasn't an exaggeration. According the Times article, "Those bonuses were driven by record profits at many of Wall Street's major investment banks, including Goldman Sachs, Bear Stearns and Lehman Brothers."
Record profits on Wall Street. So what drove those profits? Did Wall Street deliver record returns to their clients to go along with those record profits? Isn't that the job of the brokerage firms, to make money for the millions upon millions of investors that they represent? So it stands to reason that investors across America shared in the banner year that lined the pockets of Wall Street, that gave literally thousands of Wall Street executives bonuses of well over a million dollars each.
Not so fast. According to the same article, "the bulk of Wall Street's profits continue to come from trading," and Alan Johnson, managing director of compensation consulting firm Johnson Associates, put it more bluntly, "The trading business, which drives Wall Street - it's not investment banking - continued to be extremely strong, even though interest rates went the wrong way."
So there you have it. The brokers get rich, not just rich but obscenely rich, by trading stock, and the hedge funds generate nearly half of all trades in the stock market. Real or counterfeit, every trade is money in the bank for both the brokers and the hedge funds. It's criminal, and it's a financial scandal so massive in scope that it's unimaginable that the major media still isn't reporting it, and in fact appear to have duct tape across their collective mouths when it comes to speaking out for the American investor.
Why isn't the media covering this issue? As always, it always comes back to the Circle of Greed, to power, to control, not just the control of our ideology or our politics, but control of something far more important to those at "The Top" - control of the flow of money, specifically the flow of money from the Middle Class to the Ultra Wealthy.
To read the rest of this article, go to: http://www.faulkingtruth.com/Articles/Investing101/1049.html
Mark Faulk is the Editor of The Faulking Truth, and the author of the upcoming book entitled "The Naked Truth," due out in June, 2006. For more information on the book and on the stock market scandal, go to http://www.faulkingtruth.com , and to pre-order your copy, go to http://www.theownersgroupinc.com/cart/
Correct but I posted it again for those who might have missed it.
Correct-but electronic trading makes it much easier for naked shorters to remain annonymous and to ply their trading.
Fonar gets Nasdaq delisting notice
MRI vendor Fonar of Melville, NY, has received a delisting notice from the Nasdaq stock exchange.
Dr Byrne is a lone, but very highly respected voice in the wildernes. Wed need a few mega more like him to get the SEC to move!!!I've listened to some of his presentations and they are far above the usual unsupported rants on this subject we usually are subjected to.
Why don't you telephone Verges and ask him directly. Otherwise, you can go to the SEC Edgar web site and read the appropriate company report that details the acqujisition.
I strongly support your prediction re China
Basically the answer to that question is a strong "YES". But also remember that naked shorting is not a new phenomena-it started 20-25 years ago and for years the SEC completely ignored this growing problem. In reality they have yet to really take any effective action to protect this country's financial system. Reg SHO is a farce that they do not even enforce properly
This past year has seen an explosion by hedge funds who essentially took control with naked shorting. Did you see the Wall Street Bonuses this year?? Largest in history. And guess where all those millions came from???
Recognize that Charleoi is a very sophisticated basher. His posting priviledges on the NMKT message board on the Raging Bull were revoked because of the false and slanderous posts he continued to put up there. When banished from the Bull he sought out a new venue and found this board. Strongly suggest you put him on ignore.
Of course Verges"VTI bopught IPVO and not the reverse as he wrote.
Even with a 50% increase in institutional holdings that would be miniscule compared to the number of shares outstanding. Also I note by lookinbg at each institution so invested that the percentage of their portfolio in Fonar is equally miniscule.
I have strong doubts that the company will talk with Charleroi. After all I think it was a letter from Verges to the Lycos managers of Raging Bull that got his posting priviledges there on revoked. I had enough of him there, and will not get involved with him here. In fact I shall do my best to have him banned here also.
; Literally – January 12, 2005
David Patch
Naked Shorting, the most secret stock market fraud ever to dominate our markets, has some concerned US Federal Agencies monitoring the public interest and public sentiment.
While heralded Financial News sources such as TheStreet.com (Nasdaq: TSCM), Dow Jones (NYSE; DJ) and the full gambit of Time Warner Affiliates (NYSE: TWX) continue denying the existence of a problem, Stockgate Today is attracting a continuous flow of Federal Agencies looking to monitor the situation.
Big Brother is watching and paying attention to Stockgate Today as the “pro’s” stumble at the opportunity to grasp the story and run with it.
Now documented in a special section located at TheSanityCheck.com is a sample of the captured Federal, State, and Regulatory interests in the Stockgate Story. Included with the data are the Wall Street Institutions and the Private Legal Counsel that represent these Institutions. And not to be forgotten, we have the Financial Press. Those lackeys who deny the Stockgate problem exist but monitor the activities of the site anyway.
For the past several years, Stockgate Today has monitored who our visitors are to the online petition located at www.investigatethesec.com. The list was impressive as nearly every Federal Agency and major Wall Street Institution have become our regulars. That’s right regulars. What is presented by the Industry, Regulators, Congress, and a controlled media as a non-issue has a regular readership of those most involved in hiding the story.
As an example of a typical financial media response to this issue, in a RealMoney.com article published on December 30th, 2005 titled “In 2006; Don’t Blame the Shorts” Jim Cramer had this to say;
“There is this whole cottage industry of people who know nothing about the mechanics of Wall Street, meaning people who have never spent time in margin, in reconciliation, in the cage, in stock loan, and don't know how things work. They keep writing and talking as if having no such thing as naked shorting would make the world quite different and more positive.” A “Cottage Industry” that seems to have a following of concerned parties.
If you chose to, venture over to TheSanityCheck.com and follow the link to the section titled “Web Blogs, Big Brother…” or follow the link provided (http://thesanitycheck.com/WebLogsBigBrother/tabid/89/Default.aspx). Open up the document and peruse through the captured visitors. Here are some I enjoy the most;
From Big Brother himself we have the US Senate, US House of Representatives, and the Securities and Exchange Commission. You would expect that as each has a personal stake in the markets activities. But then there are those other agencies that make you say huh!
Captured on record is the Department of Justice, US Treasury, and US Federal Reserve. There is also the US Courts, US Prison Service, Internal Revenue Service, General Services Administration, and of course the US Postal Service. I wonder if the USPS is looking at those account statements mailed out talking of trade settlement and considering them as mail fraud when the settlements are now confirmed to have never taken place.
From Wall Street we can find our cornerstones in Goldman Sachs, Bear Stearns, Merrill Lynch, Fidelity, and Bank of America. Wells Fargo, Wachovia, Smith Barney, and AG Edwards are our most frequent visitors with either friend or foe closely monitoring the situation. vFinance, TD Waterhouse, Charles Schwab, Westminster Securities, and Knight Securities check in from time to time as does other smaller known firms. Even the Options Clearing Corporation and the London Clearing House have made infrequent appearancesyet appearances still the same. With Wall Street comes protective lawyers and we have several of those that like to check in from time to time. We left most out of the display but the list is extensive.
The Legal Teams of Stradley Ronan; Davis, Polk & Wardell; Kasowitz, Benson, Torres & Friedman, Loeb & Loeb LLP, Warner, Norcross, & Judd, Clearly Gottlieb, Gibson, Dunn & Crutcher, Morgan Lewis, and RW Baird have all been to visit as have many others.
But then most interesting are those regulatory agencies responsible for stopping this mess. The SEC (already mentioned) is probably running second only to the Depository Trust Clearing Corporation in site monitoring. The Depository Trust, for all their chest thumping innocence, seems to be somewhat obsessed with a site that rarely even speaks of them anymore, a special hello to the DTCC’s own Stuart Goldstein and Larry Thompson. We even get that rare occurrence from the Ontario Securities Commission who checks in along with other Canadian Government Agencies.
The question to ask after viewing this document, based on this tremendous list of regular observers, is why? Why is there so much high level interest in monitoring a web site that is simply being operated by the tin-foil hat crowd of “Cottage Industry People”?
Could it be that this “Cottage Industry of people are not so off base after all? That this group, to the confusion or lack of real investigation by Mr. Cramer, has on its team Brokers, Analysts, and Back Office Personnel that really do know a thing or two about how the market operates. Or is it the There are Stock Loan Officers and a former manager at the DTCC that has accurately provided the insight into this abuse. Or maybe it is the former SEC attorneys who recently left their posts to come over to the other side to assist in ferreting out this problem. Maybe, just maybe, the story is real.
With all the financial press interest in this site you would also wonder why they too can’t figure it out. Heck, they are supposed to be the Pro’s. Why then don’t these reporters and columnists take the time to research a problem that is clearly in existence?
NASD CEO Robert Glauber recently announced his intent to resign at years end. His replacement, Mary Shapiro, was quoted in the Dow Jones just recently highlighting the NASD focus for 2006. On top of the list was PIPE transactions and naked shorting. Another subtle announcement that the problem that doesn’t exist has people worried.
Go look for yourself. Log on to www.TheSanityCheck.com for a view of the Visitor Log and go to www.investigatetheSEC.com and see what all the fuss is about. Remember folks, this is just a sample. Imagine what the real picture looks like.
For more on this issue please visit the Host site at www.investigatethesec.com .
Like you said I also hope your presence helps the world but I seriously doubt it will sustain Fonar.
I somewhat surprised you didn't see his true colors a long time ago.
If, as you say you have a lot invested in NMKT, I certainly would suggest to you to ask your own questions and not be influenced by a suave manipulator.
It would be of great benefit to the other users of this board if you did not encourage him by responding tom his tripe. The only reason he is posting here is because he used up his welcome on the Raging Bull. They just got fed up with all his false and inflamatory posts.
On ihub unless he buys a paid subscription he shall not last very long either.
I feel confident that Verges will let us know when his plans mature further. Certainly we cannot accuse him of not thinking BIG!
And yet the share price drops??????
Quite right.
I agree that in order of precedence the DTCC is the primary miscreant and then the brokers.But remember the DTCC operates within the US. They have no control on naked shorting taking place via foreign exchanges such as the Berlin Bourse. Naked shorting is legal in most countries in Europe since there is no prohibition against this practice.,Don't bemiislead-naked shorting has been around for about 25 years. It just hasn't gotten the public's attention.
Mark Faulk will be appearing on CFRN Radio tomorrow (Friday, Dec. 30, 2005) at 9:30 AM EST, as part of www.cfrn.net ongoing series - "CFRN Investigates - Fraud on Wall Street."
On Friday's show, we will be dealing with what I believe are the central issues surrounding the stock market scandal, the lack of transparency in the market, and the broader issue of shareholder's rights. We will discuss what the shareholder's role is in this crusade to reform our stock market, and how we can as individuals, and as a collective voice, make a difference in our financial system, not just for current investors, but for future generations as well.
We will discuss how a group of shareholders for one small company, CMKX Diamonds, has banded together to take on the SEC and demand to be heard as a collective voice. The CMKX story is one that I'm just beginning to research thoroughly, and the ongoing legal proceedings appear to have much broader implications than I first realized. This will be a two-part show, to be continued on Jan. 6, 2006.
To listen to the show live, go to www.cfrn.net . Audio files of the show will be available at http://cfrn.net/investigates/
For more information on Stockgate, go to: http://www.faulkingtruth.com/
Happy to comply with your request.
Fabulous! Thanks
Very worth while listening to this disertation:
http://www.businessjive.com/nss/darkside.html