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.
No s--t
It does not take into account short shares, phantom shares
I'm not saying it does. I'm saying CMKX us using it as a tool to get the NSS mentioned ON THE RECORD.
They achieved that yesterday, and clearly the SEC was "interested" in talking with them about it.
And what if the value of the short is 3X that?
that's too much at a market cap of around $50 million
My my...how's those 100ths of penny sure add up.
Not really
Sort of
It's more like not being able to pay your taxes because the government is stealing from you...how's that?
Did I say that?
saying the judge doesn't understand shorting
I said she doesn't understand NAKED short selling...she admitted it.
15 post limit has been reached...see you guys tomorrow.
Duh
Can't prove a naked short by not filing
The point is to explain why the filing can't happen...due to the audit, which can't account for shares "out" vs. "issued".
It's just an angle
how do any of them file
CMKX is not trying to redefine the law. They are just trying a new approach to bring the NSS issue centerstage. Nothing else has worked...heck, even the SEC's own rules don't work.
Has it worked thus far for CMKX? Not as of yet...the judge doesn't understand naked shorting and the SEC is bent on keeping it as far away from their proceeding as possible. But the judge is giving Frizzy a window to try again...as those statements keep adding up, his case becomes a little bit stronger each day. Not enough to "prove" a short, but enough to "kick down the door" and perhaps raise some questions with the judge. All it takes is to raise enough doubt with his OG stats to at least warrant a more in depth look by her to explain how there are more "out" than "issued"...she is actually quite fair and balanced.
Hopefully, he can keep his spurs from jingling.
Probably not
do you really believe that these guys ever intended to open a real diamond mining operation
LOL, I never bought this for diamonds...not with a $.0001 pinky. Like others, I'm simply here to see if these promoters can finally expose shorty. If I wanted to invest in a mining play, I would have bought Shore. The truth is, I don't like mining plays...takes too long to see the payoff.
Do you know what an audit is?
Have you ever read a 10k?
How do you sign off on an audit if the issued and outstanding don't match?
Yawn
why would someone named DiamondTrader be involved with CMKX???
That all you got to say this evening?
Look, this was already discussed
America that files a 10k since they all manage to do it without violating the law
Obviously a company that isn't flatlined at $.0001 has something to lose by NOT FILING to prove an NSS. That is not an option unless the company is already in the triple zero gutter.
I did?
That's what you said about RG 6 months ago
Who the heck is talking about abolishing short selling? If the DTC stopped re-lending the same shares, we would have a natural checks and balances of short selling...unfortunately, they seem to think lending the same shares by putting them back in the borrowing pool is the same thing. Clearly it is not.
Dude...
Since when is short selling illegal?
Did you really just ask me that?
For the 1000000000000000000000000000000000 time...this is not about short selling, it's about failing to deliver. WTF don't you understand about that?
SHO = FTD list, get it?
That is your opinion...unfortunately, the issue of naked shorting is not something our judicial system seems to properly understand at this point.
NSS (whether it exists or not) has nothing to do with filing
Stoecklein tried to get Levine to admit how an audit can be completed if there are more shares "out" than issued...he couldn't answer it.
There was no "question"...it was all of them. Look, nobody is doubting UC isn't a squeaky clean CEO, he has definitely too much dirty laundry from poor decisions in his past...it can only hurt CMKX at this point for him to open his mouth. All we need is to convince the judge of our future compliance...Maheu and Stoecklein are here to make that happen.
There is no "right" stock to fight shorty. Shorty is a ghost in the sytem...he can move around freely, without restriction.
Whether you are a POS pinky or a big board stock, you can't hide from him.
MSO on SHO for 84+ days...hello?
The only way to fight him is to bring the issue out in the open, centerstage. Congress is the only one that can slay shorty. And stocks like CMKX with 60K shareholders are helping that cause.
Very odd that Levine "switched" sides last minute and issues a letter to CMKX terminating their relationship.
Yep, big thumbs down to Rendal...complete joke.
I'll make it reeeeally simple for ya
why would a short do that??
Long pumpers "pump" for a positive appreciate in PPS
Short pumpers "pump" for a negative depreciation in PPS
I think the term defines the basher ilk quite well...doesn't really matter if you don't get it or don't agree.
Does it really matter if the stock trades?
Then what? The stock won't trade anymore.
I mean really, the thing is flatlined. All Urbie has to do is issue a dividend in SGGM to all current shareholders.
He already has 200B restricted and the A/S can absorb the entire share structure of CMKX.
The question is: Can shorty fit his big butt into SGGM's share structure?
So what?
You do know that companies only report shares issued by the company don't you?
Of no consequence to me
So you're cool with Urbie taking the Fifth?
I don't doubt Urban has made some poor decisions. However, he's not the one pulling the strings here, so it doesn't matter.
You wouldn't know anyways
NSS has nothing to do with CMKX not filing
Easy
What logic would lead one to conclude that the company would not file because of a naked short
To bait the SEC into a hearing. It's a gamble, but a better one than simply crying foul while the SEC and their lapdogs do nothing.
By not filing, they bring the issue centerstage. Now it's up to the legal team to slay shorty while they've drawn him into the ring.
We'll see tomorrow what Stoecklein has up his sleeve.
ummm
why would a short pump a stock??
Did you just fall off the wagon or something?
Maybe you haven't been around the block in a while, but short pumper is just another word to describe the basher ilk.
Doesn't really matter
The judge has indicated through her rulings to this point that she isn't going to allow any NSS exhibits
If CMKX has NSS data in hand, this hearing is really irrelevant. She can revoke and play lapdog for the SEC, but with 5000 OG members proving a counterfeit float backed with verifiable documents, this little pinky will not go away.
This will not end at the hearing tomorrow if Murray grants revocation. You can take that to the bank.
It's not
Why is that so difficult to understand?
The short pumpers are the ones making it difficult for themselves.
This is about CMKX failing to file, nothing more, nothing less.
Not really...it's about WHY didn't they file. You people say it's because Urbie is running a dilutive pinky promotion, I say otherwise. We'll know tomorrow.
Probably not
if they are revoked and the NSS is thrown out as a non issue for these proceedings, will you do the same?
The only way I would stop posting and chalk this up as a scam is if Frizzy doesn't have anything substantial to back up the NSS projections.
If the judge revokes us tomorrow in the face of NSS evidence, they will only be adding fuel to the fire.
Yawn
It would be a nuisance, and would establish a precedent
Well, you're right about the precedent part...a precedent that would knock a few hedge funds into bankruptcy. This is the only reason FTD data is witheld from the public and from the companies who have suffered abuse at the hands of a few hedge funds.
Buzzlightyear: When CMKX proves the naked short tomorrow, will you promise to disappear forever?
I'm extending this to all the short pumpers on this and the other board.
Poof...and they're gone.
Of course
Not my problem he said
And the broker says the same thing...they just keep passing it around. The DTC and it's borrow program are what keep the merry-go-round intact, while the public is fleeced by shorty.
What?
and it costs them time and money to do so.
LOL, are you serious? By law, every company should be able to access FTD data, just as easily as a big board stock can request legit short position info.
Keeping FTD data from the public because it's "burdensome" is one of the most laughable excuses I have ever heard.
You are dodging the issue
Between the NOBO/OBO lists, the TA records, and the DTCC sheets they can get a highly accurate estimate.
The abovementioned items do not prove anything with respect to naked shorting. Only FTD data can do that, and thus far, the DTC has put all these records under lock and key.
Look, stock counterfeiting is real, it's not some phantom illusion. If it was something so minor and so "innocent", we would have FTD data ALONG with the SHO list...truth is we don't, which clearly says there is A LOT more to this "over-shorting" problem than what the short pumpers would like you to believe.
Read that paper by Shapiro again...in fact, read it a few hundred times until it sinks in. The DTC is corrupt as are a few very powerful hedgefunds which are behind this whole counterfeiting scam.
It will come out...they cannot contain this problem anymore.
LOL
Settlement failures are a trivial issue.
They why not just RELEASE ALL FTD DATA and call it a day? If it's so "trivial" (as you say), why does the NSCC not post up the fail numbers?
Why do they keep it tucked away in "NORAD"? They could easily shut up all the NSS "conspiracy theorists" by simply publishing the FTD data, but they choose not to.
Instead they say it will create "volatility", or in plain english, the kind of "volatility" that can bankrupt just ONE hedge fund caught with his pants down.
The short pumpers here are a joke.
Sure it can
The fact is, it is impossible for the number of shares reported by shareholders in their brokerage accounts to exceed the CEDE & Co.
If it wasn't possible to exceed the float or short beyond the borrowing cap, we would not have stocks on SHO for 84+ days. Clearly, these are stocks that have shares floating in the public float which have artificially inflated the shares held by retail...they are holding a "borrowed" sale that does not have a real share to back it...it has "failed to deliver".
Here's some reading for you
The TOTAL fail to deliver position due to participants on the books of the NSCC as of December 31, 2004, was three billion dollars.
http://tinyurl.com/774vf
Actually, we do
You have no evidence
KKD 83 ( open market days )
NFLX 83 ( open market days )
DSTI 83 ( open market days )
MSO 83 ( open market days )
BHY 83 ( open market days )
CPI 83 ( open market days )
AMTC 83 ( open market days )
ARWR 83 ( open market days )
ISONZ 83 ( open market days )
EEEI 83 ( open market days )
ALD 83 ( open market days )
AGEN 83 ( open market days )
GLBC 83 ( open market days )
ISON 83 ( open market days )
TASR 83 ( open market days )
DPP 83 ( open market days )
NFI 83 ( open market days )
FFH 83 ( open market days )
CALM 83 ( open market days )
CHN 83 ( open market days )
DAL 83 ( open market days )
AAR 83 ( open market days )
GIVN 83 ( open market days )
NMB 83 ( open market days )
ONSM 80 ( open market days )
ARRU 75 ( open market days )
CSJB 75 ( open market days )
HHDG 74 ( open market days )
MDWYQ 74 ( open market days )
ACTMQ 74 ( open market days )
ZAPZ 74 ( open market days )
PCCG 74 ( open market days )
MAMT 74 ( open market days )
FDMLQ 74 ( open market days )
PSRE 74 ( open market days )
WBCL 74 ( open market days )
IFLB 74 ( open market days )
MBTE 74 ( open market days )
FMKIQ 74 ( open market days )
AOBO 74 ( open market days )
SAUC 74 ( open market days )
CGCP 74 ( open market days )
ATAHQ 74 ( open market days )
HIET 74 ( open market days )
FLIP 74 ( open market days )
UALAQ 74 ( open market days )
WAVR 74 ( open market days )
PRNW 74 ( open market days )
APWRQ 74 ( open market days )
UALNQ 74 ( open market days )
MYTNQ 74 ( open market days )
FWHWF 74 ( open market days )
KWBT 71 ( open market days )
PCU 68 ( open market days )
SPCBF 64 ( open market days )
GENI 64 ( open market days )
MBTA 64 ( open market days )
MYA 58 ( open market days )
SEVI 57 ( open market days )
IQBX 57 ( open market days )
CBTE 57 ( open market days )
USCA 57 ( open market days )
WITM 56 ( open market days )
CAQC 52 ( open market days )
SPRL 52 ( open market days )
RCO 48 ( open market days )
MT 48 ( open market days )
NAPS 45 ( open market days )
ECN 43 ( open market days )
BOOM 43 ( open market days )
NTES 42 ( open market days )
ABLE 41 ( open market days )
IIG 41 ( open market days )
GRU 41 ( open market days )
RKH 40 ( open market days )
DVIXQ 40 ( open market days )
NEH 38 ( open market days )
GUI 38 ( open market days )
MRKL 38 ( open market days )
CEIW 38 ( open market days )
GLOV 36 ( open market days )
PPTI 34 ( open market days )
XOMA 34 ( open market days )
DVID 33 ( open market days )
GEOI 32 ( open market days )
IFTA 32 ( open market days )
EMT 32 ( open market days )
RVNM 29 ( open market days )
MDTL 29 ( open market days )
IYT 28 ( open market days )
TMRT 26 ( open market days )
WFTV 26 ( open market days )
MEA 26 ( open market days )
WNDXQ 26 ( open market days )
ATPL 25 ( open market days )
TNOG 24 ( open market days )
BHLL 24 ( open market days )
LPL 24 ( open market days )
HESG 24 ( open market days )
TCHC 24 ( open market days )
IDUL 23 ( open market days )
VGK 23 ( open market days )
BME 23 ( open market days )
CPN 22 ( open market days )
RWF 22 ( open market days )
VDC 20 ( open market days )
PDRT 20 ( open market days )
EEM 20 ( open market days )
INO 19 ( open market days )
ICF 18 ( open market days )
ARWRW 18 ( open market days )
PGTVN 18 ( open market days )
IMNR 18 ( open market days )
EWW 18 ( open market days )
TCHL 18 ( open market days )
NVEC 18 ( open market days )
PACT 18 ( open market days )
VLCCF 17 ( open market days )
RTH 17 ( open market days )
BFBC 17 ( open market days )
VEXP 17 ( open market days )
UWRL 17 ( open market days )
EWQ 16 ( open market days )
ALR 16 ( open market days )
SONT 16 ( open market days )
CYTR 16 ( open market days )
SPIL 16 ( open market days )
HRT 16 ( open market days )
IPIX 16 ( open market days )
DCA 15 ( open market days )
LOUD 15 ( open market days )
ACTT 15 ( open market days )
CVV 15 ( open market days )
ULTEQ 15 ( open market days )
ADELQ 15 ( open market days )
MTR 15 ( open market days )
CALI 14 ( open market days )
NGTHQ 14 ( open market days )
NUWV 14 ( open market days )
SMTR 14 ( open market days )
NAVR 13 ( open market days )
HUFCQ 13 ( open market days )
ISWI 13 ( open market days )
None of these should read 13+...clearly, SHO is not working and not enforcing mandatory closeouts.
Start laughing
(and if you say GLKCE I'm not going to stop laughing until next week...lol).
Explain to me how a stock can trade 50x it's O/S in one day?
I don't care if GLKC issued an S8 before the R/S, they could have issued one for 10^100000000000000 number of shares and it wouldn't have mattered.
The fact remains: There was 1M shares outstanding. How can the volume for this stock turn over 50x in a single day and not skyrocket into orbit?
GLKC proved that market makers will sell short in excess of the float, as well as the O/S. Whether they have an S8 "waiting in the wings, ready to dump" has zero relevance.
I can be president of XYZ Inc. w/ 1M shares on the market and 1 TRILLION locked up in an S8. As long as those trillion shares do not hit the market by my own doing, there is simply no way my O/S can turn over multiple times without a volatile increase in price.
GLKC proved without a doubt that the pennyexchange is completely lawless and filled with market makers who have absolutely no regard for securitites regulations. The blame falls squarely on the SEC's shoulders for failing to enforce their own regulations.
Thanks for dodging the question
most shares dilluted EVER
How can you dilute into trillions if you only issued billions?
Gump
Fed > DTCC > Crooked Hedge Funds > SEC > Companies > Sheep
The SEC is nothing more than a lapdog for the big dogs. The buck doesn't stop on Donaldson's desk.