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When broken down into its simplest form, the clearing, settlement, and delivery system at the DTCC allows fraudsters to target a company (say BVIG), sell nonexistent shares in unlimited numbers (see, e.g., KAT Gold), thereby creating a giant pile of money in their margin or proprietary accounts. These naked short positions at the DTCC must be collateralized at 130% but the collateral necessary is MARKED TO MARKET on a daily basis. This explains in part why you will see 100 or 200 share prints at the bid on thinly traded OTC:BB and Pink Sheets securities, especially where there are wide spreads between the bid and offer. These are referred to as "NEBBs" or non-economic bid-bangings. They are a form of market manipulation that try to paint the picture of a stock constantly being sold by shareholders but sold into bids that are extremely small i.e. there are no buyers around that want to invest in this scam. They represent a good screening tool to estimate the level of manipulation of a victim company. All one has to do is to chart the percentage of trades of an issuer that are NEBBs. The 2002 NEBB champion is well on its way to defending its crown in 2003. It is a small company called NP Energy (NPER) that trades on one of these smaller trading venues. . As the share price tumbles from the massive artificially manufactured dilution that ensues from these sales, the amount of collateral needed drops precipitously and is returned to those perpetrating the fraud. Thus the naked short sellers NEVER NEED TO COVER THESE NAKED SHORT POSITIONS in order to receive the proceeds from the sale of nonexistent stock. They just need to keep the share price pinned down to artificially low levels, which is extremely easy to do because the market makers really do "almost" assume the role of a bona fide MM when the stock previously trading at $5 now trades at a dime. At the 10-cent level there really is a long line up of opportunistic investors and nobody willing to sell "real" shares. NASD Rule 3370 encourages MMs to naked short sell into these imbalances. Thus the further along the "bear raid" matures the more "bona fide" the MM activity becomes. As the PPS continues to drop, the proceeds of the sales of nonexistent shares at the $4 and $5 level is sitting in the pockets of the fraudsters EVEN THOUGH THEY HAVE NEVER COVERED THE NAKED SHORT POSITION. This is a closed system and a "zero sum game", the money in their pockets is, of course, the money paid by the investors that thought they were buying real "shares".
your opinions are totally inaccurate!!
The conspiracies are concocted by KAT Market Makers!!!
I believe Ken needs to scream to the Task Force and SEC. His voice combined with other CEO's of micro's under attack can create true change.
I would like to see a virtual Conference of Micro Cap CEO's combined with Government Authorities.
The current predicament of all the Micro's must be addressed. A virtual Conference and testimony of CEO's under attack could bring out the extent of the problem and possible solutions. Possible changes to current rules and regulations.
Ken commitment to the KAT's will ultimately pay off for shareHolders!!!!!!
Thanks agree, backs up many of my posts and the FINRA data
Show us a filing that shows a sale.
The current filings shows no sales for years
So the CEO holds back receiving pay salary for years.. Has a drop in portfolio value with Tim of over $64 Million dollars. Because they have held their shares from start to the current price.
So lost $64,000,000. but some how scammed every with a pump and dump scam, but never sold.
Scammed the world but it cost him the most!!!
The scam Not plausible.
The wheels just starting to turn for KAT Gold!!!!
Still **NOT** facts:
The wrong F word
I see that list as complete F ANTASY !!!!!!
Fact have links and documentation to substantiate the allegation yet I saw nothing!!!
Fantasy is a made up story to entertain readers except I am not amused or entertained!!
Ken Stead has done nothing wrong - illegal - unethical - or breaks any SEC rules!!!!!
Watching for a financing deal likely in the works!!!!!
Each day we get closer to the announcement!!!!!!
Mapp look at one of the FINRA lists I have posted. MM's not just picking on the KAT's.
I staring counting the companies and was up to 43 and had not finished the B's.
They do it with computers because they can, it makes money!!!
They call it proprietary trading techniques!!!
Ken never told anyone a price or price movement would be up or down. That is impossible to predict
No CEO can do that - ever
It show MM's effort to kill interest has failed!!!!!!
Thanks M
Still **NOT** facts:
The wrong F word
I see that list as complete F ANTASY !!!!!!
Fact have links and documentation to substantiate the allegation yet I saw nothing!!!
Fantasy is a made up story to entertain readers except I am not amused or entertained!!
Ken Stead has done nothing wrong - illegal - unethical - or breaks any SEC rules!!!!!
Watching for a financing deal likely in the works!!!!!
Each day we get closer to the announcement!!!!!!
Still **NOT** facts:
The wrong F word
I see that list as complete F ANTASY !!!!!!
Fact have links and documentation to substantiate the allegation yet I saw nothing!!!
Fantasy is a made up story to entertain readers except I am not amused or entertained!!
Ken Stead has done nothing wrong - illegal - unethical - or breaks any SEC rules!!!!!
Watching for a financing deal likely in the works!!!!!
Each day we get closer to the announcement!!!!!!
The constant conspiracy posting ha also been proven inaccurate!
KATX is the real deal - Honest management, holders of 400 million shares
do not believe there is a problem
It has been proven there is NO scam and NO p&d
repeating that it is misleads investors and shareHolders.
If a crime conspiracy is promoted it should be backed by links!!!!
BVIG KAT Gold had 67% IOU's
I listed the individual trades posted by IHUB
Is IHUB now involved in your Ken Stead conspiracy?
Not likely is it or is it?
How was BVIG pushed lower today
Not by convincing shareHolders to sell!!
67% --- Sixty seven percent were MM IOU's shorts -- MM to MM trades ( 1,606,866 )
From FINRA
Date **** |Symbol| ShortVolume| ShortExemptVolume| TotalVolume|Market
20130919 * |BVIG| * 1606866 **********|0| *********** 2396866 * |O
Check my opinion backed by this FINRA data for today
http://regsho.finra.org/FORFshvol20130919.txt
Of the 2.4 million sold only 790,000 were likely retail buy/sells
actual trades today (my opinions)
9:32 398,300 ******* these two likely MM = 731,600
9:37 333,300
1:23 266 ******* this nothing significant
2:55 715,000
2:55 10,000 ******* these four buys = the 790,000
2:55 15,000
2:56 50,000
2:56 875,000 ****** this one MM trades it back = 875,000
And yes I know bla - bla management conspiracy, FINRA conspiracy, bla bla scam and bla bla P&D.
But the wild conspiracies still do not motivate shareHolders to sell
Not a bit of accuracy in that opinion good luck watching
There are investors everyday that average down on good companies when they drop.
Those are called opportunities!!!!!!!
I believe when the accusation of scam or pump and dump is made it better have real data links to back it up. Those accusations if unfounded do harm companies and shareHolders!!
Those that were smart enough to buy at the low on the dip are NOT DOWN!!!
Those that did not buy then - did miss more than doubling their money!!
Lying about a stock to entice people to SELL is what I call criminal!!!
Attacking without any proof is criminal!!
And by whom
Obvious
And its not KAT management is it -
There are free market forces that BVIG MM's are trying and executing trades to distort.
If they BVIG MM's would allow free market forces to work BVIG would move up to the point that holders would start again to trade shares - A NO brainer!!!!
MM's take your foot off KAT Golds neck!!!!!!!
There are free market forces that KATX MM's are trying and executing trades to distort.
If they KATX MM's would allow free market forces to work KATX would move up to the point that holders would start again to trade shares - A NO brainer!!!!
MM's take your foot off KAT's neck!!!!!!!
There was - WAS an effort to kill this type of settling - it almost was ended but MM's cried it would seriously hurt their proprietary trading methods and drastically increase cost and limit profits.
A level playing field is the last thing Katx MM's/ all MM's want!!!!!!
Nice to see a link posted but the info is old,
Because its a FACT, only an MM shorts/IOU's a stock under a penny
FACT!!!!!!
If it was actual investors they would have to cover - yet NO covering ever - only end of month settling between MM's thus canceling IOU's between KATX market makers!!
The Spin-Off was the priority all resources went to - went to - Its done!
We are again moving forward!!
Thanks for posting!!!!!!
So now FINRA is trying to miss lead investors!!
Yesterdays FINRA showed 100% short (all trades between MM's likely)
Date *******|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
20130917 ***|KATX|566667|0|************************566667|O
http://regsho.finra.org/FORFshvol20130917.txt
Only Market Makers can do this!!!!!!!!
Always the conspiracy now FINRA - without any documentation
Not just the KAT's but many many more!!
Agree with you Para asI believe 99.9% of investors do!!!
Not a fact there today, yesterday, the day before - or likely tomorrow!!
How about some real DD?
Give us some links to SEC - FINRA
to rules and procedure back up the claim - with
FACTS!!!!!!!
Thats a Lie
Is a lie!!!!
The truth is in every filing - every thing that can be verified on the Government Websites (SEC and FINRA) must stand over opinion
Still **NOT** facts:
The wrong F word
I see that list as complete F ANTASY !!!!!!
Fact have links and documentation to substantiate the allegation yet I saw nothing!!!
Fantasy is a made up story to entertain readers except I am not amused or entertained!!
Ken Stead has done nothing wrong - illegal - unethical - or breaks any SEC rules!!!!!
Watching for a financing deal likely in the works!!!!!
Each day we get closer to the announcement!!!!!!
If the KAT's were considered legitimate companies -
the S-1 from BVIG would have been approved by Government Authorities
OH WAIT IT WAS!!! ** Da**