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Since you are so down on fraud it seems strange that you would think it is OK to sell something you don't own.
Do you protest because your bank uses your money for its own purposes?
Jenna ??????????
Jenna's quite active here: http://www.investorshub.com/boards/profile.asp?user=4454
She has her own board:
http://www.investorshub.com/boards/board.asp?board_id=460
Jill Munden got divorced--you'll recall she married a CMKI (I think) executive and moved to New York for awhile. She's now back in San Francisco.
Should Pearl be ashamed of any past involvment connected to HISC direct or indirect...
I'd say yes. The chart is pathetic:
http://finance.yahoo.com/q/bc?s=HISC.PK
KKPT has done somewhat better, and certainly had one spectacular run:
http://finance.yahoo.com/q/bc?s=KKPT.PK&t=2y&l=on&z=m&q=l&c=
It did not, however, pay two 1:1 dividends. It did a single 2:1 forward split, on 11/1/2004:
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=KKPT&OTCBB=False
I plan to pan for gold when I reach the Phillippines. I hope to see some of that platinum lying around too.
Be sure to take plenty of sunscreen and bug repellent.
Thus, if many people got screwed by NSSers, there may be lawyers who would like to help them dealing with super rich MMs or who ever the culprit(s).
No. As I explained, the NSS suits have gone very badly for the plaintiffs so far. Lawyers only work on contingency when they're very sure they'll win. O'Quinn miscalculated. I think initially he didn't understand the difference between naked shorting and shorting against toxic paper.
And then his first and highest-profile client, Gary Valinoti of Jag Notes, got slammed by the SEC bigtime, and now owes millions in fines.
LOL!! I'm a virtuous person; I never pump.
lol, I wonder if they'll be able to get in touch with Kolt Curry. No one else has had any luck.
But if you have strong case and proof, maybe many lawyers would like to handle it because if you win, the loser (NSS) will pay all the legal expenses.
Nah, the Mighty O'Quinn thought that at the outset. He actually did take some cases on contingency. All but one, I think, have been thrown out of court, and he's stuck with his expenses.
Nobody else is gonna do that.
"NSS" stands for "Naked Short Selling". The Get Shorty guys have succeeded in starting a cult. The whole thing's been blown up outta proportion to what actually happens. The people behind it are promoters and CEOs of crappy little companies that need an excuse to cover their own incompetence, or, in some cases, greed.
The real problem isn't naked shorting, but toxic financing. The companies don't like to talk about that, though, because they're complicit in it.
Thus, If someone bought PAIM common stocks before the record date for the dividend and does not get the dividend because of NSS, can the person look for justice (e.g. sue an institution) which one?
Theoretically, yes. But I've followed a lot of these stories, and in reality there's never any shortage of certs.
Note that it will also end up being rather expensive.
Even if I mention to him a dozen companies that went bankrupt because they were delisted...
Then name those companies, and we'll find out if they really did go bankrupt. Somehow I think you'll come up empty.
How many SEC agents have been charged of selling short a stock just before accusing its management of some kind of wrong doing.
LOL!! Certainly the practice isn't widespread. There are a few bad apples in every barrel.
I see you've entirely bought into the NSS conspiracy BS. You'd do better to learn how the markets really work.
Why are the common shares needed to be delivered in form of "hard copies = papers"?
It isn't the common that has to be delivered in cert form; it's the "preferred" issued as the divvy.
I don't know the reason for this, if in fact the report from Scottrade is true. The preferred doesn't have a ticker, but that's not necessarily an impediment: CMKX managed to distribute its CIM divvy in electronic form. CIM is a private company. But then maybe DTCC learned a lesson from that.
I wonder if it might also have to do with the fact that the TA, American Heritage, is Canadian.
Yep.
Short selling also prevents pumpers from artificially raising the share price much higher that if there were no shorts. Shorts actually protect you in some ways.
Huh? What she posted was perfectly clear. DTCC won't be having anything to do with the divvy. So it's the TA's responsibility to find out what shareholders are eligible for the divvy, and then he must send out the certs.
If Sue's broker is right about that, be prepared to wait awhile.
It's also expensive. Maybe Urbie doesn't want to cough up.
Indeed thousands such companies go bankrupt every year thanks to the naked short sellers (ask Altomare from USXP, I think he keeps records).
No they don't. We were discussing this on another board recently. Finally someone came up with ONE bankruptcy filing. Generally speaking, these companies don't have any assets, so there'd be no point filing for BK.
lol, and you actually believe what Captain Fluffy says? How's that SEC lawsuit coming along? 117 counts of fraud against Altomare.
As I said earlier, who heard of anything like that: selling something you don't own and worse: selling something that you don't even intend to own ever?
Think of your bank account. You think the bank doesn't borrow your money?
PAIM shares are not eligible for electronic transfer by DTC, therefore physical certificates will be physically sent to scottrade by issuing company.
lol, I guess Pearl didn't know that.
perhaps US citizens could go down there and pay PAIM to get the experience of panning for gold.
You can go to Alabama and, for a small fee, hunt for diamonds. Somebody found a pretty big one recently. But I don't think the program is making gazillions for anyone. Helps pay some of the maintenance fees for the park, I think.
Another solution could be to demand that they outlaw short selling altogether.
Short selling has always been part of the financial markets, and it always will be. It serves a useful purpose by promoting market efficiency.
If you don't understand this, you should do some reading.
Why doesn't anyone bring up Adatom.com?
Adatom its bazillion spinoffs, and Sandy Winick were discussed here early on, and I'm sure they'll come up again.
I'll take Number One:
1. The crew gets eaten by cannibals/werewolves/zombies/mummies
It'd definitely put Bre-X in the shade.
LOLOL!!
Just like the 1849 Gold Rush Bonanza in California, Pearl Asian Mining Industries (PAIM) sets out as the Pioneer in the mining developments, environmental safety and community developments.
You learn something every day. I hadn't been aware that the '49ers were into environmental safety and community development.
Nobody noticed or did anything about the billions a well known contractor LOST in Iraq because if was just too much trouble to account for it.
Ive seen were gov contractors because of their actions, should be culpable for the DEATHS of people among other things on some contracts on remote islands Ive been on. I was there at the time. But NOBODY cares ! Nobody did anything about it, they still operate, recieving MORE contracts making more money off the backs of tax paying americans. Nobody bashes them or crusades against this real injustice.
Lots of people are aware of this, and they do care. Halliburton was in the news every day for months on end. Unfortunately it's difficult to call such companies to account when high-ranking government officials have a vested interest in their success.
The cert counter died. R I P .
Strange, eh?
Here we have Pearl's once and perhaps present husband:
Vice President
*Dr. Tzemach "Ben" David Netzer Korem, Ph.D.(h.c.)
Chief Of Staff
Governor Of The Territories Of The Dominion Of Melchizedek
The Honorable Generoso Garcia Gamboa gene@melchizedek.com
Acting Minister Of Foreign Affairs
Tzemach "Ben" David Netzer Korem
tzemach@melchizedek.com
And a Gamboa called "Gene". Any relation to Pearl?
http://www.melchizedek.com/executive_branch.htm
That link didn't work for me.
It didn't?? I'm surprised. Works just fine for me. I tried it again from my own post.
Will you suggest that she is faking being less than professional to con people?
That could be one interpretation. And playing up the religious angle is always somewhat suspect.
Yes, I don't either but there is no evidence that DOM has ever been invovled in money laundering, HYIP schemes, or other forms of fraud.
If you actually believe that, then you haven't read all of the available lit. They issue their own treasury bills, and they use 'em like money. That's not fraud? And what about that little documents scam in the Phillipines? That's not fraud?
There's lots more out there, if you look for it.
And don't forget that Pedley/Korem is a convicted felon.
I can offer one example, though. Back in 2000, HITT hired a couple of people to interact with investors. They were paid in stock but weren't actually employees. lol, they disclosed all over the place. Paragraphs and paragraphs attached to every post.
And then after a few months they quit. Never said why. But then HITT most definitely was a scam.
lol, I'll get it for you tomorrow. It used to be very easy to find.
Is Rick actually an employee? Or is he a contractor? Or is the arrangement more informal?
The company's mining interest that has been promoted in this year's PRs seem to be different than the other years which was something called Paracale, not Masbate. Different interests.
http://press.arrivenet.com/business/article.php/588093.html
Same XYZ mine.
If Pearl was a professional scam artist as you would like us to believe, then I doubt she would hire someone that doesn't have experience with IR.
On the contrary, I think that to do so makes a good deal of sense. Rick has NO doubts. He's not going to make any problems for Pearl.
Take your pick. I used to have 17(b) bookmarked, but no longer.
http://www.google.com/search?client=safari&rls=en-us&q=%22Rule+17b%22+%22securities+and+Exch...
One central fact about PAIM is that Pearl pumped the same deal back in 2004-2005. Same story, even practically the same assay report.
And look at her ridiculous emails. Not to mention hiring a thoroughly unprofessional and totally inexperienced IR guy.
Any of this seem serious to you?
Don't think so. The volume can be explained in other ways.
Look. I've seen the same story SO many times.
And just out of curiosity, how do you know Pearl isn't still President of the DoM? If not Pearl, who is?
Unless, it is just a hobby to bash underdog stocks...
It is. As for the rest, the issue of corrupt analysts has been with us for years now. Nothing new there.
You wrote that you want to stick it to the DOM. Did the DOM do something to you?
Heavens no! I just don't approve of money laundering HYIP schemes, and other forms of fraud.. Is that old-fashioned of me?
And how can you stick it to the DOM by bashing PAIM, just because Pearl is a former president of a "virtual nation"?
Let's call it an awareness-raising campaign. PAIM isn't the only sleazy little company out there with ties to the DoM. Not by any means. The SEC has taken action against several of them. I think they should go after the whole lot.
Why didn't the SEC say that DOM is a criminal organization, when they had an opportunity?
Beats me. Plenty of other authorities have done.
Section 17b isn't a filing. Under Section 17b of the Securities Exchange Act, paid stock promoters are required to disclose the amount and kind of their remuneration each and every time they write something about the company in question.
PAIM has survived with the same name and business model (gold mining) for 3 years.
And? They haven't really done anything, so they don't have much cash burn. And what they do burn, they can make up by flogging stock.
And whether Masbate's been mentioned or not, the XYZ Mine has come up in the past. Try Googling it.
There's no question that Jim is right. As I just said, this stuff isn't difficult to understand: in order to get the divvy, you have own the stock before the ex-date. You can sell on or after the ex-date and you'll still get the divvy.
Jim funny how you keep on repeating something that you don't know is true or not.
I mean this in the nicest possible way, but you're making a fool of yourself. This is not a question of opinion or interpretation.
Good letter. WHY is there so much confusion about divvies? It's not difficult to understand how they work.