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DTCC in many cases issued the "borrowed" shares through their own Continuous Net Settlement program. They know.
EVERYTHING accounted for in the obligation vault. If a successful subpoena is in force then one can look through the vault. It is all there. For all tickers naked shorted in some cases the billions of shares. #DBMM is no exception.
#DBMM
FTDs are hidden. Finding FTDs in #DBMM trades is like trying to find nothing from nothing.
They are hidden for a reason.
Rule 203-2b fill before locate is part of the problem in the creation of FTDs. Brokers should not be allowed to fill orders unless the shares are available for those orders, but this rule was created to "help" the trade process.
The DTCC CNS program is one method by which naked shorts evade FTDs, trade swaps are yet another way of hiding FTDs, and the topper of all toppers is right in the Overstock lawsuit where a person posing as a market maker exposed how FTDs are hidden in other ways as well. Sham resets, sham transactions to give the appearance of close outs on FTDs. They are able to reset transaction dates, delay orders, keep rolling them over, able to do this with flex options, buy rights, married puts, and wash sales. All of these things most notably are in ISDA derivatives agreements (contracts). Phase 6 is happening NOW!
Because something is not seen does not mean it is not there. They hide many of these procedures that are perfectly legal in order to hide what is NOT legal.
#DBMM
All things in due time. Long term investors can wait. No rush. Serene and relaxed.
The pressure is not on #DBMM nor is the pressure on shareholders.
The pressure is on those who naked shorted this ticker. Exempt fake shares are used to walk this down with short ladder attacks. The algorithm is their friend. Small trades are a weapon to hide exempt fake shares that are harder to detect.
Shares are barcoded between MMs to give the appearance of legit trades.
The float has been locked for nearly a decade. Time is #DBMM shareholders friend.
Shareholders know.
#DBMM
#DBMM shareholders are not selling any shares. Volume is very light even if 5 million shares were traded. Current volume is not even close to that.
Alpine is close to getting the hook. Holding my shares no matter what. In my opinion there is a business plan in place for #DBMM. When the time is right they will announce it. Yesterday's
PR was a heads up to all #DBMM longs in my opinion.
OTCQB, then NASDAQ. It is becoming more clear. A #DigitalTransformation is on the way.
#DBMM
Wow. Stalking horse bidder accepted.
ASSET PURCHASE AGREEMENT
DATED AS OF JUNE 12, 2023
BY AND AMONG
BED BATH & BEYOND INC.,
OVERSTOCK.COM, INC.
AND THE OTHER PARTIES SIGNATORY HERETO
"I love DBMM, but that PR was a joke. No substance, pure fluff.
I expected better from them after the SEC release. I expected they were sitting on some news that they could share.
The PR tells me there is nothing new to report as far as business dealings go.
Disappointment would be an understatement."
Putting the table cloth on the table before setting the table. Use a clean table cloth.
Can you think of anything #DBMM still has to do before executing any business plan?
I think they are chomping at the bit but must wait until one more win. In my opinion they just want shareholders to know it is coming. Details to come. "Do not forsake me oh my darling."
So after 5 years of struggle they have nothing to show. Love #DBMM though. Sure about that? Same sentiment posted twice and makes ZERO sense. Big fat goose egg.
All of these years fighting the good fight only to have nothing further coming. And what of the LTIs. #DBMM duped them too. No plan for the future. A fluffer nutter sandwiich after all of this. I am just dumb founded.
To me, if they have nothing in the pipeline they deserve to fail and naked shorts deserve to win and cash out.
I highly doubt that is the case here. They are waiting for a certain something before they announce anything about particulars in MY opinion. Win #11.
Stay tuned.
#DBMM
This is not news, but a precursor to what is to come. When the real news comes the latest PR will have been nothing more than a tease.
Win #11 and #12 coming. Not a matter of IF. A matter of when for #DBMM.
#DBMM
Good stuff JMMatthews and I_Like_BB_Stock.
The table is almost set.
Win #11 and #12. A dozen wins will be amazing for the Company with supposedly nothing.
Avid Trader wanted in on #DBMM for a reason. His contact was very interested. These people are opportunists.
They know the potential here. Take solace in the fact that he was snubbed and took exception to it.
#DBMM
Know what you OWN. #DBMM 10 wins. Working on 11 wins. Then 12 wins.
Shareholders of #DBMM know.
#DBMM
The naked shorting of #DBMM continued.
This will take 12 minutes of your time. Watch it, learn from it.
The naked shorting of #DBMM and how it all works through the DTCC.
The DTCC Continuous Net Settlement program (CNS program) hides BILLIONS of counterfeit shares that never make it to the Reg SHO (Regulation of Short Sales radar screen, as the shares "borrowed" from the DTCC are treated as legitimate borrowed shares.
For companies that are under attack, the counterfeit shares that are created by the CNS program are thought to be ten to twenty times the disclosed fail to delivers, and the TRUE CNS totals are only obtained by successfully serving the DTCC with a subpoena.
The SEC does not get this information. The actual process is more complex and arcane than this, but the end result is accurately depicted.
Overwatch has been posting this over and over. No one is paying attention?
Thanks Overwatch. You rock!
#DBMM
"After yesterday's (and today's) trading... it should be evident to everyone following DBMM that there are no naked shorts here"!
They haven't started covering yet. Patience. There was no volume for #DBMM yesterday. When the volume exceeds 100s of millions then chances are real good they started to cover. Patience.
Too funny!
Oh, there is a call on line #3 for Charlie Mayo.
Who is it?
Who is this? It's MARGIN calling!
#DBMM
"They need to pursue legal action it took too long and there was corruption at the SEC."
That would be a mistake, Waste of time money and resources. They need to keep the focus
on the business right now. This is NOT a company with Deep Pockets like Google or Samsung. They have limited resources and must focus on the goal at hand. Up list and proceed forward with the business plan.
The SEC finally gave in. Take it and use the opportunity for the company. Legal WRANGLING
takes TIME and RESOURCES.
Again, not a good business plan to pursue a vindictive law suit that could ultimately wipe the company out in legal fees alone. Kind of stupid in my opinion.
Win #11 should be the focus.
#DBMM
The only way the DTCC does not cover if nobody else can is if they halt this stock ticker which they cannot do. DTCC IMO is stuck with collateral damage. They have insurance, but these crooks (the DTCC) still won't want to pay. Tough toenails, they have to. Banks regulating banks. A joke. If it backfires on the DTCC and they have to pay out good. Aside from the speculation as to what will happen I will just wait and see. When the time comes we will find out.
It amounts to Kramers and Alpine banished from the stock market for good if they cannot cover. Anyone associated with them. They are done IMO.
HAM was saying they will probably move their offshore accounts further out into others that are non tracible.
#DBMM
Thanks for your hard work L*P. I would not be in this play if not for your postings in 2018-2019.
To all you WONDERFUL #DBMM LONGS..... Our time has certainly come.
Nice volume this morning. Need to get this ticker up listed so I can buy some for my Fidelity account. Charlie has my shares right now. All golden.
#DBMM
Legal wrangling with the SEC is out of the question. Time to move on. Got bigger fish to fry. The Company could not afford such an adventure into Gary land. Let it go.
Time to grow the Company first by uplisting to OTCQB, then other matters that pertain to the business. The Company finally got what should have been given 3.5 years ago. Guess the SEC was hoping #DBMM would roll over and die. Or maybe they were watching too much porn like back in the old days. Who knows for sure. They wrote up extensive excuses for taking so long. I wonder how in the world these folks at the SEC make the commute to work each day. Must be quite a sight to behold. Probably get a medal if they make it in. And a bonus if they make it on time.
Well, they guessed WRONG. No surprise there. #DBMM is alive and well much to the chagrin of those who wanted otherwise. A STANDING ORDER from the ALJ overrides stupidity every single time. They finally caved to that factoid. Mitigating circumstances that superseded all the other unnecessary mumbo jumbo their lawyers came up with. And who was to benefit? Not the investors who poured their money into the company. The toxic lender was the beneficiary and took advantage of the situation. Tax free cash on100% revocation. How did that work out?
No, the fight coming will not be with the SEC or any other regulator. It will be at what price one wants to sell his/her shares to those that must cover when the margin comes calling. (See Over Watch example).
I think we need an auctioneer when that time comes. The lowest bids are the first to cover. They escape paying the most money to cover. Isn't that how it goes. Let time be X and Y be price. The longer the time (X) the higher the price (Y).
No naked short shares here so do not be frightened. It is all fantasy. *wink*
#DBMM
I've yet to see a DBMM SEC filing in which Alpine is named.
Squirming around like a worm on the hot ground. #DBMM OIP is cleared.
Finally, some direction from the SEC that should have been addressed 3.5 years ago.
"Why did this take so long?"
Shareholders know why.
Maybe more ZOOM meetings would be in order.
The ZOOM team will wait until next week when they can knit pick anything and everything they can.
Try to stop this train. Just try.
DBoooMM!
#DBMM
Better get your Whale horn out Rick. Calling all whales.
If #DBMM was on the fence with eyes before this it will surely get eyes now.
Not many OTCs on the brink come back, and never in history like #DBMM.
Rare as chicken's teeth.
Call those whales Rick. Blast that horn.
#DBMM
Is Miranda Fritz still representing Alpine? This could be a big tell. If she is no longer on board, it is not a good for Alpine in my opinion. Not a matter of her record. It would likely be a matter of principle. She gets paid either way and I'm sure she is not cheap.
I hope she walked.
No worries. Hehehehe
#DBMM
Not unusual for lawyers to walk away from representing a client. Have seen it happen many times for many different reasons.
We do not know what was in discovery portion of this case if there was any either. Could something interesting have popped up? Who knows?
Conflict of interest~? Who knows? Or maybe she just said enough.
Does not sound good for Alpine if she walked.
One has to wonder why this hearing was kept private too. Could be something came out in discovery she wants no part of. It is obvious FINRA does not want this bad actor in the OTC. If Alpine is involved in GTII, FNGR and others FINRA and the SEC already have an idea about what may be going on. Ferrand has made sure of that. Association with Kramers may also involve #DBMM.
#DBMM
Yes. It looks as though something big is brewing other than coffee and late nights
sulking about a POS company like #DBMM.
Such a POS then why worry? Just does not make sense unless there is more to this than meets the eye.
$6 and change to borrow shares to short. Maybe I set my sights too low?
#DBMM
TLO, appreciate your post very much. Stock Twits #DBMM there is posted the answer for you and others. Education is the key. Not to be fooled is a part of the education. Have applied what I learned in #AMC's situation to #DBMM. Same sort of chicanery.
Phase 6 is another reason for the panic on #DBMM. Family offices have more holdings than hedge funds by almost more than a 2 to 1 margin. Expired ISDA derivative contracts must be covered at the 9 month point. They cannot be grandfathered anymore. To renew the entity must have collateral and a new contract must be re-written under the oversight of a third party. Many small banks will go under.
Family offices are not regulated, and things regulated entities report go un-reported with family offices.
Things will not happen immediately. Give it till June 18th or so. 2008 on steroids.
These criminals never learn. The regulator that writes these ISDA contracts is none other than the DTCC. They make money on these derivative contracts.
They don't care. Its money in their pocket. The world bank finally said no more.
Phase 6. Derivative calls are coming starting with 3 month, 6 month, 9 month, (which is here), 12 month should sink larger banks.
$7 quadrillion in the derivative market, all rehypothecated debt ISDA banks have built up over decades of abuse.
It is the reason they want to press the reset button and go to CBDCs (Central Bank Digital Currency). Control what we spend and what we spend it on while pressing the reset button on their DEBT so they can do it all over again.
This all relates to #DBMM and other naked shorted tickers.
Whether the family office has the money, the broker has the money, or the DTCC has the money, all of these naked short shares MUST BE COVERED. All shares are in the OBLIGATION VAULT, If no liquidity to cover margin calls it will eventually get to the DTCC. Unless the DTCC performs some magic trick their insurance will cover the MOASS. NO WAY AROUND THIS.
They messed up by getting greedy.
Kramer, the broker, or the DTCC MUST cover. We will get our money.
#DBMM
No. That is TOTALLY INCORRECT.
The SEC lawyers from Enforcement PROVED their case.
So if they are hidden and nobody can find them what would force these illegal naked shorts to ever cover?
The #DBMM volume today is like a drop in a bucket. We have not seen anything yet.
The market system has failed us for decades. Those that caused financial problems in 2008 never learned their lessons. Not even with Lehman Brothers going down and banks like Merrill on the cusp of going down back in 2008.
Banks continued doing the same thing all over again. Rehypothecation of their debt up to 200 times or more over.
What is the derivatives market right now? $7 quadrillion or more? That is totally irresponsible.
They have gotten away with naked shorting so many tickers like #DBMM and have had such success in making tax free money without getting caught that their greed got the best of them. They figure they are above the law and know how to game the markets.
And they do.
Phase 6.
#DBMM
Overwatch very good posts. To the point and funny. very funny.
Goldman Sachs fine was FINRA's acceptance wavier and consent form. Goldman signs it, nothing is made of it and then Goldman pays a miniscule fine. Slap on the wrist. No no no Goldman Sachs. Does that stop Goldman Sachs or JP Morgan or Bank of America or any other banks from felony offenses. NO. They continue to do the crime and pay the minimal fine. After all the money made by them the fine is like a toll charge on I-80.
FINRA (the banks) regulating the banks. They need to abolish this FINRA AWC form. Banks get caught people go to jail. PERIOD. No get out of jail free card.
They need to abolish the DTCC CNS program. Again DTCC (the banks) regulating the banks. AND they need to get rid of the 203b rule, buy before locate shares,
Gensler needs to get his auction of stocks passed so we get rid of market makers.
It may cost a bit more to buy your stock, but no MM involvement will be worth it.
Get rid of market makers and you cut the head of the snake off. CDEL and Virtue are Rick Nagra's toast fully burnt. No more naked shorting of #DBMM or other tickers.
Do not forget PHASE 6 is days away. Many banks on the cusp of going bye bye.
2008 on steroids. 9 month ISDA derivatives contracts expiring and many smaller banks, family offices, and hedge funds will not have the collateral to cover them.
Opppsy!
#DBMM
Every single share is in someone's account, and the TA says there in nothing irregular in the OS
It is like cheering for the bad guys. The toxic lenders who do nothing but perpetrate fraud and criminal behavior, rather than root for the good guys, #DBMM, #GTII and other tickers naked shorted.
Guess we all have our preferences.
#DBMM
I see ZERO proof that there was even a SINGLE "naked share" shorted.
No need to read documents. Been there done that years ago. Standing order.
Where did 11.77 billion shares #DBMM come from traded in 2014?
Help me to understand the mysteries of life.
CDEL pays $10,000 dollar fines for defrauding investors MILLIONS....
This is not about short selling. This is about naked short selling for the umteenth time. Naked short selling is illegal
And who cares about FINRA? They are banks regulating banks. They surely know about naked shorting yet do nothing about it. DTCC another regulator also run by the banks does nothing. Their CNS program should be abolished.
#DBMM shareholders know.
The DTCC continuous net settlement program and how it works to create synthetic shares.
Transfer Agents have absolutely NOTHING tp do with naked shorting.
False and misleading information.
The DTCC CNS program DOES have to do with naked shorting of MANY tickers.
CNS program should be abolished but is to the benefit of those wishing to attack tickers with exempt fake shares. Any thicker as many as they want all exempt fake shares.
Transfer agent fantasy is for newbies only.
#DBMM shareholders know.
#DBMM
Then if the SEC has that power why not act? They cannot is why.
Show me a link where the SEC Commission over rules an ALJ's standing order.
There is no such link. Suggest you do some digging.
Revoke away then. They cannot. They can only delay.
And right now it appears SEC is too busy looking at Kramers and Alpine.
That Power Up Lending was something of a miss, eh? Where is their website? Alpine is the same POS.
Word is DTCC wants Alpine gone. So does FINRA. And both of those regulators are run by banks.
Stay tuned.
Stay busy.
Get some sleep.
#DBMM
SEC cannot overturn a standing order from the ALJ, and SEC appointed Judge. Total nonsense. If the SEC Commission had the power to do that #DBMM would have already been revoked years ago right after the hearing.
All the inept SEC Commission can do is delay the "review".
Question is: on whose behalf?
Total fabrication and wishful thinking.
Next! ROTFLMAO!
#DBMM
Yeah yeah yeah, but if it was below a penny #DBMM longs would hear about it right?
I don't believe in the zodiac either. LMAO!
#DBMM
Synthetic shorts straight from dtcc!!!
How in the world do these toxic lenders make money on OTC revocations then?
Tax free money.
Education is the key here. Did Clay ever mention the DTCC continuous net settlement program? Where exempt fake shares of any ticker in any number can be borrowed through this program at a fee? He did not mention this? Maybe he does not know?
2040 OTC stocks hit the skids, #DBMM fights back and wins. Why are people upset? This is good, no? Defeated a toxic lender? No?
If no naked short shares explain where the magic happened in 2014 through 2018.
Billions of shares traded. Over 18 billion shares, 11.77 billion in 2014 alone. Where did they come from? Vapor made?
Shareholders know.
Volume still not great, but it is creeping up there. They are having to let some go at this point. Good to see that, They still have many to cover which will not be easy. The naked shorts must find real shares to cover with. The broker, Alpine, must find real shares. Cannot use FTDs. Good for shareholders, bad for naked shorts. All in my opinion.
Remember, we are the bank. They have to come to us to cover. Pick your price within reason and stick to it.
#DBMM