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Unbelievable lies being posted here.
Games being played on L2...
OTC can be funny, I bought some tickers in the fall of 2020 that were in the 00's, they went close to a dollar.
The story on GTII is quite recent, the claim is they shorted against a convertible note but the company paid it off early. Maybe that scenario played out with DBMM but then the SEC sanctioned DBMM's auditor and toxic lender could no longer convert.
I think they're was definitely some funny business going on here, what that is I can't say definitively. But if the Kramers track record says anything...
"https://www.globenewswire.com/news-release/2015/11/09/1239678/0/en/Players-Network-Has-Filed-a-Complaint-Against-Vis-Vires-Group-KBM-Worldwide-Asher-Enterprises-Seth-and-Curt-Kramer-Individually.html"
"Further, according to the SEC Order, Kramer and Mazuma Holdings Corporation acquired more than one billion shares of Bederra in 2009 and 2010 through 21 separate transactions from the principal of Bederra's transfer agent, who had misappropriated the Bederra share certificates. Again they purchased the shares at a significant discount from prevailing market prices and re-sold the misappropriated Bederra shares to the public without any registration statement for profit of $934,404."
A company that made 400 million revenue in a quarter with profit and you wanna talk about gaps???
Why did Asher issue unauthorized PR? Massive volume just before suspension...
Comon that's disingenuous, they are pointing out the Kramer's shady activity. You have to put the pieces together after the unauthorized PR in 2017..
I believe the theory was always that the Asher crew was involved, I presume they are US citizens.
Notice how they always settle, and never fight it...
I believe I stated the failures to deliver are sent to subsidiaries overseas, but perhaps someone else said the naked short originated overseas.
https://the-international-investor.com/investment-faq/us-residents-open-foreign-bank-brokerage-accounts
"If a foreign brokerage allows US residents to open an account, they will typically not allow them to purchase US shares through that account. However, there will usually be no special restrictions on other markets."
"There is an additional complication that may make the situation worse for US citizens and residents in the near future. The Foreign Account Tax Compliance Act (FATCA), signed into law in July 2011 aims to compel foreign firms to identify their US clients and report their holdings to the IRS."
but they can't figure out how to buy shares through the foreign brokers that allow buying?
It is in doubt whether they can cover with CE, and with US buying still restricted means little to no volume.
If GOFF and ILUS had the runs that they had, I don't see why that can't happen here.
If GOFF and ILUS had the runs that they had, I don't see why that can't happen here.
No debt is not debt, there are varying conditions and interest payments depending on the debt.
That's what I figured.
Naked Short shares need to be traded on a Market by a Market Maker, they cant be covered in a Grey or Expert Market scenario, correct? What about pink current with CE?
Yah I don't get it either.
If DBMM decides to go the dividend route, you know why they're doing it...
"Retail investors worried about counterfeit shares should immediately contact their CEO and request to change transfer agents who use a securities blockchain platform to process and keep track of all legitimate shares outstanding. It’s the only way other than litigation."
https://twitter.com/otclawyers/status/1488209518387466240
"The SEC also said Kramer and Mazuma in 2009 and 2010 bought and sold over 1 billion unregistered shares of Bederra Corp that had been misappropriated by that company’s transfer agent."
That's quite something...
https://www.reuters.com/article/us-sec-pennystock-settlement-idUSBRE9AO11420131125
A penny stock financier based in Long Island, New York, and his companies agreed to pay $1.46 million to settle U.S. Securities and Exchange Commission charges that they sold more than 3 billion shares in two microcap companies at a profit without first registering the shares.
There's a reason they always settle...
IF there is a dividend here, the objective wouldn't be to woo investors...
10 shares and you write an essay on the company, interesting..
"Reported short interest is garbage"
-Wes Christian Securities lawyer
Hiding FTDs in offshore subsidiaries in Canada and UK.
The actors involved always settle.
Short data is absolute garbage.
Phantom Shares
"Reported short interest is garbage"
-Wes Christian Securities lawyer
"Hiding failures to deliver in offshore companies, or subsidiaries based in Canada or UK."
https://www.wsj.com/articles/interactive-brokers-fined-5-5-million-for-naked-short-selling-violations-1534797834
https://theintercept.com/2016/12/15/whistleblower-vindicated-massive-trading-firm-knight-capital-charged-with-abusing-naked-shorts/
Lots of fines given out over the years, google is your friend
Conspiracy: An agreement between two or more people to commit an illegal act, along with an intent to achieve the agreement's goal. Most U.S. jurisdictions also require an overt act toward furthering the agreement.
I would say that within the financial world conspiracy is the rule note the exception, nothing crazy about it just human nature.
What if the shoe was on the other foot?
What is with the 2 and 1 share trades?