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.
I think everything you just typed is wrong. The company is interviewing new TA's indicating it will trade again. As for the rest, since it comes from the same source, you, its obviously flawed.
I'm sure there will be some major brokerage corporations added to that list too. Its going to get good.
that's got to be the worst advice I've ever heard. We are all symbiotic. Invest for long periods of time and let true supply and demand settle over time. Nobody gains from a screw or be screwed world.
yeah the delete fairy has hacked at my posts on raging bull for about a year now
jarta,
you might try to get a temporary restraining order on the olympic athletes, which will force them to come to chicago. Think assets!
yeah I'm just saying fair is fair. If cmkx is worthless then we should get 0
If cmkx is worth $3/share, then they should pay us 3/share
some of these basheybabies are in serious loser denial.
Oct 1, 2009: from website update cmkm diamonds
NOTE: As of October 1, 2009, Pacific Stock Transfer Company will no longer be the transfer agent for CMKM Diamonds, Inc. The Company is currently interviewing other firms and will make its best efforts to select a new one within the next 90 days. Please be advised that any transfers of CMKM stock certificates are on hold until a new transfer agent has been selected. The Company will post more information as soon as a new transfer agent is under contract.
In concordance with this I'm sure many will wish they had not shorted themselves via owning less cmkx.
and to UC, "Its a small world afterall"
tee hee
That is probably a very good point.
So are there any paltalk mp3's since Sept 1? I'd like to hear if even a biased positive spin can be put on any of this.
If this is true how do you explain the diamonds in saskatchewan and on those claims?
Where do you stop with that, do you sue the cable company for allowing ragingbull promoters to post ads in favor of buying cmkx?
jarta you're right sorry :)
scarlet here is your link
http://www.cmkmdiamondsinc.com/index.html
Actually it states that UC's attorneys owe the money too, and his associated cohorts, so if that includes Edwards and Angel firm, we might get our 30 million afterall.
Well I doubt Casavant has 35 million so whats the differencE?
some cmkx naked shorting info:
reposted from ragingbull.com
Good stuff/history on the DTCC, counterfeiting/FTDs/NSS, Clearing/Settlement:
1st Hour:
http://www.FreedomsPhoenix.com/Uploads/001/Media/2009-08-19-ernie-a.mp3
2nd Hour:
- Cert Pull on CMKM Diamonds
- DTCC's squash on future issuers calling for Cert Pulls
- Criminal activities against CMKX shareholders
- unshareholder.com
http://www.FreedomsPhoenix.com/Uploads/001/Media/2009-08-19-ernie-b.mp3
Susanne Trimbath, Ph.D. is CEO and Chief Economist of STP Advisory Services. Her training in finance and economics began with editing briefing documents for the Economic Research Department of the Federal Reserve Bank of San Francisco. She worked in operations at depository trust and clearing corporations in San Francisco and New York, including Depository Trust Company, a subsidiary of DTCC; formerly, she was a Senior Research Economist studying capital markets at the Milken Institute. Her PhD in economics is from New York University. In addition to teaching economics and finance at New York University and University of Southern California (Marshall School of Business), Trimbath is co-author of Beyond Junk Bonds: Expanding High Yield Markets.
I'm so poor I can't even pay attention.
Naked shorting news:
SEC extends comment period on short-selling
By MARCY GORDON (AP) – 1 hour ago
WASHINGTON — The Securities and Exchange Commission is extending the public comment period on possible approaches to reining the practice of short-selling, and may be leaning toward one of the two main alternatives being considered.
The SEC said Monday it was extending the period, originally slated to end June 19, for 30 days beginning shortly to gather views specifically on the idea of allowing short-sellers to come in only at a price above the highest current bid for the stock. That is known as an upbid rule, and it most closely resembles the Depression-era uptick rule that was abolished in mid-2007.
That approach "may be more effective and easier to implement" than the others it is considering, the SEC said in a news release.
Investors and lawmakers have clamored for the agency to put new brakes on trading moves they say worsened the market's downturn starting last fall.
Short-sellers bet against a stock. They generally borrow a company's shares, sell them, and then buy them when the stock falls and return them to the lender — pocketing the difference in price.
"Today's request for additional comment is consistent with the very deliberative process of determining what is in the best interest of investors," SEC Chairman Mary Schapiro said in a statement. "We want to ensure that everyone has a full opportunity to provide their comments on this alternative uptick rule before the (SEC) reaches any conclusions."
The SEC commissioners now are expected to make a final decision in late fall.
A bipartisan group of seven senators, led by Sen. Ted Kaufman, D-Del., have been pushing the SEC to rein in short-selling overall or face legislative action. Kaufman, noting that the SEC asked in April for public comment on the alternative approaches to restraining short-selling, said Monday: "For the markets to have credibility, we need urgency at the SEC to restore a level playing field for investors. The SEC's process to date has been way beyond deliberative behavior."
Investor confidence has been shaken as the market has plunged and new constraints against abusive trading are needed, say proponents of restoring the uptick rule. It prohibits short-sellers from making their trades until a stock ticks at least one penny above its previous trading price. They say the absence of the rule since 2007 fanned market volatility, prompting bands of hedge funds and other investors to target weak companies with an avalanche of short-selling.
But others say new restrictions could eliminate the benefits of short-selling — bringing capital into the markets and accurate stock prices to the surface — and actually hurt investor confidence.
The other approaches being considered by the SEC include a so-called circuit breaker for stock prices: banning short-selling for the rest of the trading session in a stock that declines by 10 percent or more. That option would be less dramatic, since it would affect only specific stocks rather than the market as a whole.
The agency also is looking at possible variations for the circuit breaker proposal, such as restricting short-selling of the stock for the rest of the session based on its previous sale price or highest bid.
Last month, the SEC made permanent an emergency rule enacted at the height of last fall's market turmoil that targets so-called "naked" short-selling — when sellers don't even borrow the shares before selling them, and look to cover positions after the sale.
The SEC rule includes a requirement that brokers must promptly buy or borrow securities to deliver on a short sale.
Brokers acting for short-sellers must find a party believed to be able to deliver the shares within three days after the short-sale trade. If the shares aren't delivered within that time, there is deemed to be a "failure to deliver." Brokers can be subject to penalties if the failure to deliver isn't resolved by the start of trading on the following day.
Copyright © 2009 The Associated Press. All rights reserved.
Related articles
US SEC seeks comment on alternative short-sale rule
Forbes - 9 hours ago
Proxy Access Debate Rages On
Compliance Week (subscription) - 8 hours ago
New SEC Short-Selling Price Test Same As March Exchange Proposal
Traders Magazine - 8 hours ago
well you have to read some financial news to understand naked shorting, but if you get involved and familiarize yourself with that topic you can learn a lot.
Try google.
lol I think we all know that cmkx brought down a bigger scam on wall street, naked shorting. Whether cmkx was a scam itself is inconsequential really, but since the company is still viable, we have to assume it was legit even if it was run by people associated with the system. Perhaps that was a way the big gears turned, insuring themselves against an honest company management type.
But the time to pay the piper is upon them. They have floundered in rhetoric with the likes of Bill Clinton clammering for the meaning of the word "is".
I think there is more to these amendments of the hearing that meet the eye. If RG has done no wrong, it forces transparancy, and if he has, it starts to show how the big gears turn starting at the level of the lawmakers. In any event, the more light that shines, the more truth we see.
In the end, after all is said and done, all that remains is truth. Thus, good wins over evil.
So if he does that in the name of his firm they are going to get pimped by Tyler.
So you're just thinking that he's part of the nss scam? wow.
Are you suggesting the legal guru who wrote the legislation of REG SHO is guilty of aiding nss?
puh-lease.
My guess is by adding these players to the list of investigatees in the hearing, the CMKX admin is forcing the government to get moving on this, and exempt those involved in the sting. Once that is done, we obviously know what is going on and we can get to the point, fining the little dogs who thought that they were too big to get fined for counterfeiting our shares.
Oooo my wife wants hot pink!
RTP gave out $22.84 as cash dividend (8-Jul-09) and their stock shot up from $120 to $178 (yesterday)... hammers the nss.
MEDX sold to Brystol, passed a short and a 7% dividend lol.
Its happening even with the ever-so-incompliant SEC.
More uninteresting SEC excretions:
http://www.sec.gov/news/digest/2009/dig072809.htm
I don't pay much heed to the SEC web site reports and links, even the several showing definitively there is a CMKX settlement. I will get you those links if you want them though, I just figure they're not going to report all of the NSS or it would cause a public exodus from the long market, and they can't afford to fleece the skin. Only the banking industry insiders know its all a fraud.
Its looking like SEC is finally catching up to the naked shorting infrastructure and has broken down the resistance either from within or without or within and without.
Its like the law of gravity. What goes down down down through the center of the earth, must come back up after it passes through. Naked shorting simply shot many stocks into orbit. Perhaps cmkx discovered the wormhole.
lol I know that Hakala would not have said anything about that because that information is confidential, LMAO
They halted Madoff, maybe some of the other naked brokers will get it too.
Its not just a recession, its a long-term downturn because small biz with promising tech has been snuffed out and new ones are afraid to try the public route.
Its amazing how much money can be lost on a short. Unlimited! Literally the sky is the limit.
You drank the "I'll never have to pay the nakee short back" cool aid didn't you!
tsk tsk