whistles, they need the wood for forms, LOTS and LOTS of forms. They also need exotic hardwoods for custom woodwork, trim etc... They're crying over there for Canadian white pine. So again, half truths, they do build with wood over there.

Posted by: whistles
In reply to: finao03 who wrote msg# 271172 Date:6/15/2007 11:40:26 AM
Post #of 271210

They do not build with wood in the middle east.

Even if they are scams that doesn't mean that money can't be made. I feel certain SLJB is not a scam like so many others out there. 21 days and counting down. That sure was a fast 15 posts for me lol - too much coffee.
It's the battle of the enchanted and the disenchanted. May peace and optomism and good DD guide your ways with 20/20 vision and may you be in heaven 20 minutes before the devil knows you're gone - a good hookah helps too btw - lol.

Cool, that's pretty big- they should PR that if they haven't already

What was it in reference to hak?

Gap filled imo - not a chart guy but was expecting down to .25. any chartists here?

Sorry, posted that on the wrong board - any TA update? Thanks

whistles they're all scams to you - it's your bread and butter. The SEC is NEVER too busy and they haven't seen a problem here. Just HOW did you ever get so cynical.

Recently he was called on for choreographer (I think) for those Wesley Snipes vampire movies and, duh, I forget the name. The creative imagination is still there - one of a kind

I called BS first! Did I win? SEC is too busy to be involved? Where do you get your facts? The next door neighbors door talking to you at midnight again?

sulja is both an american and canadian corp. they do business on both sides of the border. if the sec felt it should be involved it would be. SEC deals with canadian corps everyday

typically the SEC does the heavy work for the OSC and the OSC felt that had to step up. The SEC still does the heavy work tho and I don't see any SEC halt and there won't be if it hasn't happened by now. Half truths and innuendo should be your bylines

Filling the gap? probably. I don't expect more downside unless there's dilution and none of that going on - correct? TA should be checked every morning

Zig, not at all bud. I agree, that signature says a lot - kind of a big exclamation point at the end of every reply and annotates any response to these self-proclaimed "savior" types.

Whistles: Extensive DD like the made up resigning of the lawyers you posted for a Saturday morning? Your "extensive" DD is obviously tainted info from unreliable sources. Not a personal attack - JMHO

I guess we'll find out in the coming weeks won't we

You guys should do some reading then. Don't worry, it's only 99 pages : http://www.sec.gov/comments/s7-12-06/s71206-899.pdf

DTCC is the largest financial services post-trade infrastructure in the world. Owned by the financial services industry, its shareholders are its customers or participants who include broker/dealers, correspondent and clearing banks, mutual fund companies and investment banks. “You might think of us as the central nervous system supporting the functioning of capital markets in the U.S.”, Considine said. “Last year, we settled in excess of $1.4 quadrillion in securities transactions for the financial services industry.”

Also, it's requiring the MMs to provide source info for shares before execution. This is the first time the DTCC has ever been forced to report share source.

SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to approve a change to tighten rules intended to curb manipulative short sales,including so-called "naked" short sales.

The change eliminates a controversial exception that shielded existing short positions from requirements to deliver hard-to-borrow shares within 13 days of settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.

SEC Chairman Christopher Cox said persistent failures to deliver shares sold short seem to be due to the grandfather protections, which the SEC included in 2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.

Short selling involves sales of borrowed securities, producing profits when prices decline. The practice is legal, but the SEC's Regulation SHO sought to prevent "naked" short sales, in which short sellers don't borrow securities they sell.

SEC officials said delivery failures have declined about 35% overall since Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks defined as "threshold" securities.

-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires

Do you have insider proof of that whistles?

Is this a battle of the dueling signatures? LOL

If you can do it there you can do it anywhere, ohh, except AB right whistles? If you click the link at the bottom of that message it'll show all the US stocks that aren't shortable due to regulations. SLJB isn't on that list. Just a fyi

A response to those that say SLJB can't be NSS, and it's on the list of shortable US stocks - see link at the bottom

Every Naked Short Sale (NSS) has a buyer. From another board but pertinent here.

The miscreant broker/dealer (B-D) sells the stock short, promising to borrow the shares. The B-D sells it to a unwitting stock Buyer for money. The money that comes from the stock Buyer is removed from his account, and shown in the NS Seller's account. As long as the shares are not actually borrowed, they are listed in the Naked Short Sellers account, and ALSO listed in the Buyers account.

The Buyer doesn't know that all he really owns is an electronic entitlement to hold or sell phantom shares that were never borrowed by the seller prior to sale.

The Naked short seller can then either buy in the proper amount of shares to cover the naked shorted shares at a lower price than the original sale price and pocket the difference, or make a deal external to the CNS process with another B-D to clear the shares.

The DTC is notified that the entitlement has been cleared. They get their commission on both the sale and buyin.

The fellow that bought the "Phantom Shares" still holds the entitlement to the shares, and in the mean time the Stock Borrow Program at the DTC loans out those shares yet again.

So for a short period of time, not only the shorted shares, but also the purchased phantom shares dilute the stock of the issuer. The shares weren't issued to the float, but when the short and buy occurs the effective float (float + phantom shares) increases by 2x the amount of shares in the initial Naked Short sale. After the buy in it is reduced to 1X the amount of shares in the initial Naked Short sale.

When the process is repeated multiple times, the phantom float becomes quite large and dramatically influences the PPS.

When does this occur? When miscreant B-D's are alerted to the legal dilution of an issuer selling equity to raise capital. The naked short sellers will "Pile On" to legal dilution knowing that the price will decline. With Continuous Net Settlement and Ex-clearing to hide the NSS clearing and settlement activity in proprietary accounts, the NSS crowd see's free money. It comes out of the pocket of the buyer of the NSS shares.

You can see why it is to the advantage of the NSS crowd to have fertile ground upon which to practice their scam. A stock like PLNI is a natural. There are shares which the company sells into the float and the word goes out that dilution is occurring. The NSS crowd piles on... and the Phantom Float gets larger and larger. The profits get bigger and bigger as the PPS drops, especially if the margin money is leveraged. At some point it becomes nearly impossible for the NNS crowd to cover, so they attempt to drive the company into bankruptcy or have the stock suspended to make the NSS shares worthless.

When that occurs they pocket the money they made selling the stock short, and since most of this is done from offshore, they have no income tax to worry about.

Real nice fellows. Yes, every Naked Short Sale (NSS) has a buyer. That would be all us longs.

Anyone guess why this "worthless" stock is still shortable?

http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=sljb&cntry=usa&tag=....

4.77 mm - not bad at all.

The RCMP has a securities division which is the one working on this case. Interesting read:

http://osgoode.yorku.ca/media2.nsf/83303ffe5af03ed585256ae6005379c9/1ddba51d5a3796d2852572c8007341c6...

ugs, they are in the investigative stage that means fair warning that charges may be filed. they aren't charged as there is no absolute proof of wrong-doing. If there were, investigation over - charges filed.

No Zig, I'm thinking of the newspaper stand owner - you know that guy with all the latest news. The in-the-know one all the brokers, lawyers, construction workers, OSC, SEC and myriad law enforcement agencies come to for advice. I hear they're going to make his life and his vast sucessful business experience and contacts into a movie. "Joey the Nose", the man with the nose for news. Kind of a rags to riches real life drama like "Happyness" I hear. Another title they're considering is "Half the truth and nothing but half the truth". Kinda long title tho

Wasn't there a warning not to trade till the transfer was realized? You sold stock that wasn't in your account (short)-TDA's fault for allowing the sale. Glad they straightened that out for you.

Well, thank God you're not the judge and jury then. Have a nice weekend Janice

and the osc has yet to provide "proof" of their allegations. Scores tied zip/zip

mm-as i've stated before, they got the osc breathing down their necks as well as other law enforcement agencies. it'd just be downright stupid for them to lie now. Self preservation says to me that they save their own asses and in doing so will save ours.

That's why you guys don't get any answers. Tact boys, tact. Try it if you call and you might get somewhere

Anderson did say in that affidavit that he needed 6 months for the investigation so guess what - July 5th times up!!

Grande25: a proper thanks! for that DD

I've just been exploring the OSC. Read a 2004 article that they cut their investigations down from 15 months to 11 months average. SLJB had better step up to defend themselves if they want this over or we could be looking at a longer haul since the OSC usually takes up to a year - and it doesn't look like they're too efficient or just in their handling of matters.
A 2006/7 REPORT:
The Cory/Pilkington study is arguably the finest and most comprehensive research on securities-law enforcement. It found that many high profile cases in Canada have not been prosecuted, insider trading is undeterred, some prosecutions are unfair, regulators delay in acting to prevent investor losses, investigations are not managed effectively, and securities commissions as both regulator and adjudicator have the appearance of bias. The study goes on to say that police, prosecutorial services and courts lack sufficient specialized knowledge of capital markets, there are delays in court adjudication, and penalties are inadequate and inappropriate. Shareholders are unhappy about being unable to obtain compensation for losses caused by wrongdoing.

SLJB IS ON BASE AND THEY BETTER GET A HIT, IMO AND STRAIGHTEN THEM OUT. LEFT TO THEIR OWN DEVICES WHO KNOWS WHAT THE OSC WILL COME UP WITH SINCE THEY APPEAR BARELY QUALIFIED TO DO WHAT THEY DO. I HOPE THAT DOESN'T SCARE ANYONE OFF - I JUST FELT THAT MOST INVESTORS WANT AND DESERVE THE WHOLE TRUTH. COME ON SULJA- BOTTOM OF THE 9TH, BASES LOADED, 2 OUTS AND THE SCORE IS TIED. A SINGLE COULD BRING THE WINNING RUN HOME! BESIDES, I HATE EXTRA INNINGS . GO SLJB!!!

LOL JB, on the face of it your comments do appear logical but I suspect that's not the whole truth of the matter, as usual. I'm in and out all day so I don't have time to research the veracity of your statement, but I will get back to you on it.

because all the important/big players care about stocks for modest lumberyards in modest towns). Now that was an idiotic comment sand. They love on the edge stocks they can push around and maybe destroy. Penny stocks also give more bang for the buck ya know. As much as 51% of the market is controlled any day by hedge funds with billions to move it anyway they choose to their profit. They destroy the company they're not liable to cover ever - all profits tax free. Of course a penny stock is the target of choice.

jannie, is such manipulation unheard of in the penny market? No. Was a crime committed? Maybe. If there was, it's committed everyday in the penny markets. I don't see anyone involved with Sulja in jail or running. like you say, all speculation till "proof" of wrong doing is found and if any wrong doing is found it'll probably considered minor infractions with a fine imposed. if serious wrong-doing is found then send the bstrds to hell. till then saying they have "proof" of wrong-doing is jumping the gun imo.

To me the real crime here is the 95% drop in mere minutes 11/16. That's what should be being investigated.

ok-i get it. the osc has the troof of the allegations or is that the pruth? troof, pruth, you say pomato and i say totato. they got some substantiation, enough to close trading in ontario but don't have "proof". Still trading last I looked.

Proof jannie? if they had proof the hearings would be over wouldn't they? why did they ask for more time. suljas ready to go and said they won't allow another extension. we'll see, but as far as proof, nothings substantiated yet so get off the they have proof thing - thanks