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great post here, sums it up:
Posted by: kruy
In reply to: BigMoneyAtl who wrote msg# 71638 Date:4/27/2007 2:04:49 PM
Post #of 72423
FWIW...the attorney I hired actually has worked for the SEC as a regional counselfor 35 years and has prosecuted many penny scams, he said brokers ARE responsible for buying you legitimate shares no matter what their disclaimer says or how they try to word any excuse. They may give you every excuse in the book including saying they are only your agent in the execution of a trade you want, but bottom line, THEY HAVE TO LEGALLY PROVIDE YOU WITH LEGITIMATE SHARES AND ARE RESPONSIBLE FOR PROVIDING YOU WITH REAL SHARES. Their(brokers) arses are on the line with this one and they know it. E/
http://www.investorshub.com/boards/read_msg.asp?message_id=19189150
once we get to the bottom of...
these shorting/air share institutional thieves
through this unprecedented legal process the healing
can finally begin. not only will TM have found the
cancer, he will have also discovered a revolutionary cure
for us and others with this type cancer to fully recover.
when we come home from the hospital we'll all take turns
at the pinata full of candy donated by all those who struck
us ill. imo ; )
ouch! that's going to leave a mark lol em
geez, this janice is busy...
everyone has to eat, huh.
don't quit your night job em.
That Oklahoma bill SB-979 wow:
Tom has to be one he11 of a chess player.
This part I be likin:
The bill also lists the rights of purchasers of stock who don’t receive delivery to pursue legal action against broker-dealers to recover money lost because of failures to deliver, as well as interest, attorney’s fees, and damages. It is expected that this bill will now be used as a model by other states that are interested in protecting their own citizens’ rights to buy and sale stock with the assurance that what they are paying for is actually delivered, and in assuring that companies that decide to raise money in the stock market won’t become victims to stock manipulation and fraud.
While the NASAA doesn’t comment on individual state efforts concerning stock market reform, General Counsel Rex Staples did say that the “NASAA’s position is the same that we’ve held all along as an organization. We will continue to push for resolutions to the problems that we see with naked short selling. At the same time, I’m taking SEC Chairman Cox at his word that he’s going to do something about the issue on a federal level.”
While it’s almost a certainty that attorneys for the securities industry will challenge the new law, as they did in Utah, advocates feel certain that the Oklahoma legislation is written to comply with federal guidelines.
We have posted the final version of Oklahoma State Bill 979 in its entirety at:
http://www.faulkingtruth.com/Articles/-EditorsCorner/1057.html
Gee I wonder what their talking points will be about tonight? Talk about telegraphing your punch. lol
i told etrade yesterday in an email
that the last i heard was Feb 15 2007 when
etrade confirmed that the new shares were in my
account. told'em that now im being sued for
bad certs, what do they intend to do etc. no response yet.
yep, your right (again) good insight em.
thanks, my names on it, just wondering.em
anyone here not on that new list? em
good night all, extension wanting crew too em
Extension..again with the extension lol..
Ya'll think they want an extension?
Next they'll yell UNCLE!
yeah, Theosophy teaches that
we ARE in eternity. Her reward
just "IS".
when your in a hole stop digging lmao
yeah..is this janet person for real?
she's not an attorney folks, someone that
enjoys banging on a keyboard in stock
board rooms yes. takes all kinds huh.
man these bashers are terrible. lol
looks like amtrade has a problem to me.em
its all good em
she's like the kid marching in
the band on main st. that yells
up to her mother, "Hey look, Im the
only one in step!" geez
she's like listing to Charlie Browns
school teacher, "Wha wha..whawha wha whaaa" geez.
I'll time it to be their as well... Its funny
to see a non-owner of BCIT want an extention lol.
afternoon all, looks like
Etrade wants to get this trading
ASAP? thoughts?
The Emancipation Proclamation eom ; )
be happy for this opportunity and
get this little paperwork out of the
way and have a great weekend ya'll.
there is a good possibility that you
could be on the money side of a MONSTER
SHORT COVERING. imHo
thats true about positive thinking...
When I was young I had a "Lady" in New Orleans one
night tell me, "Oh Sug, there are two kinds of men, those
that walk up and put it in, then there are the ones that
put it in a walk-up"
Thats when I had to discover the power of positive thinking.
; )
dang! lets set that precedent...
ONWARD MARCH!
no appeals lol for real? are you positive about that because there's no way wallstreet would take that kind of chance
(going to court over this) imo. would a judgement against
the brokers set a precedent (sp)?
get the letter?...
call your broker and scream at'em. repeat as needed. we're not splitting an atom here lol. imho etc.
somebody had to suckle the pups tonight ; (
I like it too weebie..shorts are freakin : )
now weebie' Inconvenient Truth for bashers lol
good post Rocket...
seems to be an "Inconvenient Truth" to her lol.
oh lol sounded good though lol.
this sums the drama up for me...
Posted by: cj_45_1
In reply to: None Date:4/18/2007 4:41:24 PM
Post #of 65900
Apparently I received two certified notices in the mail today from Connor and Winters LLP (sp?). After reading what I have read here, it appears to me that since the Inc. is the Plaintiff, as a shareholder I am being notified of a judgement; declaration or summons issues by Bancorp Inc, on my behalf as a shareholder, against the stated defendants...
Actually makes me feel a bit relieved b/c it would appear to prove I hold legit shares, and not counterfeited shares. I have two positions one on TD Amer and one in a Penson brokerage, hence two notices.
This is a very interesting and unique tactic, IMO, and significantly positive. I suspect we may learn a lot in the next filing.
And to the post about where's the "E", I don't think there would be because we are not actively listed right now
there's a real possibility that...
our court actions could dovetail (for lack of a better word)
well with the actions taken by the lawmakers in OK on FTD's.
interesting stuff here:
Investing 101 - Mar 22, 2007 - Printable Version
- Wall Street vs. Main Street
by Mark Faulk
In Oklahoma, a man faces up to 20 years in prison and $250,000 in fines after pleading guilty to selling $21,000 worth of concert and sporting event tickets on the internet, but never delivering them. In another case, a man and a woman are charged with selling computer software to customers on Ebay, and face felony charges for not delivering the products. In that case, Oklahoma Attorney General Drew Edmondson said that “We allege that customers paid for items they never received. The internet should not be a safe harbor for criminals.”
Yet every day, six billion dollars worth of shares are purchased in companies in the US stock market, and not delivered. Someone signs on to their brokerage account, or more accurately, millions of someones sign on, and pay for shares in companies that their broker doesn’t deliver. In some cases, those shares are never delivered, creating what is essentially a flood of counterfeit shares in publicly traded companies, harming both investors and the companies themselves.
In the next few weeks, the Oklahoma Legislature will vote on a landmark bill that could serve as the model for stock market reform efforts nationwide. It has been written to withstand the legal assault that Wall Street has unleashed on other legislation introduced in other states. The measure, SB979, has already passed the Senate and will come up for a vote in the House sometime in the next few weeks.
This issue is NOT as much about Wall Street screwing investors as it is about the loss of potential jobs, local and state tax revenue lost, citizens’ investment funds stolen, and retirement funds decimated. It’s about hedge fund managers building hockey rinks in their backyards while the rest of the country struggles just to make ends meet. It’s about CEOs of the major brokerage firms getting bonuses amounting to tens of millions of dollars a year while small startup companies are forced into bankruptcy before they even have a chance to see if they can flourish on their own merit.
How badly is the stock market rigged? According to Houston attorney John O’Quinn, who is famous for his huge wins in cases involving breast implants, fen-phen, and tobacco, “You have more chance to be treated fairly in a casino in Vegas then you do in the stock market. The securities industry has things rigged where they can deal from the bottom of the deck regarding your stock and your money.”
The very foundation of our free enterprise system is at risk, and the federal government has up to now done absolutely nothing to protect its own citizens, instead caving in to big money and even bigger special interests. America is being bled dry by the ultra-wealthy brokers and hedge funds who are destroying our country one company, one job, and one shareholder at a time, or maybe that should be thousands of companies, tens of thousands of jobs, and millions of shareholders at a time.
It’s us against them….Wall Street vs. Main Street.
With SB979, Oklahoma has the opportunity to set the standard for honesty and integrity in our stock market, to pass a law protecting investors and publicly traded companies that could become the model for every state in the Union. We can send a clear message to the rich and powerful that we’re sick and tired of a corrupt market, that we’re sick and tired of the rich getting richer while the rest of us get screwed.
But understand this: we as citizens have to speak out. Over the next couple of weeks, lobbyists and attorneys for the securities industry will swoop down on our legislators in Oklahoma, and Wall Street will flex their muscles and flash their money in an attempt to convince our elected officials that what’s good for Wall Street is good for Main Street.
This is a call to arms for every citizen in Oklahoma, and to everyone who owns stock in an Oklahoma-based company, a chance for us to make a difference not only in our own state, but for all of America. It’s not that often that we as a people can make a major difference simply by speaking out for what is right. We need to write letters to the editors of every newspaper in Oklahoma, and urge them to support SB969. If you are not in Oklahoma, encourage your own state legislators to follow suit and enact similar legislation returning honesty and integrity to our financial markets.
We have to spread the word, to call, write or email our legislators and tell them to do what’s right for all Americans, and not just for the privileged and the powerful. We have to let them know that WE ARE BEHIND THEM! Make them understand that in the end, they have to answer NOT to the money machine that controls our financial markets and our federal government, but to their constituents, and ultimately, to their own conscience.
--------------------------------------------------------------------------------
To find out who you can contact to encourage Oklahoma House members to vote YES on SB979, go to:
www.okhouse.gov/Members/MemberListing.aspx
To read SB979 in it’s entirety, go here and scroll down to SB979:
http://webserver1.lsb.state.ok.us/Webapplication1/webform1.aspx
(Editor's Note: This is a commentary that originally appeared in the March 16th, 2007 edition of the Oklahoma City newspaper NonZine. To find NonZine in the Oklahoma City area go to www.nonzine.com )
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yeah, sharon posted this....
full article on RB. last paragraph says ALOT imo
Over the years legal aid advocates have successfully obtained broad relief under the Declaratory Judgment Act for their clients in cases involving civil rights, public benefits, social security, health care, housing, and labor issues./150/ The remedies afforded by the Act are particularly suited for attacking and correcting illegal policies, practices, and rules that harm large numbers of persons.
http://www.ejustice.org/federal_practice_manual_2006/chapter_9/chap9sec3.htm
t paragraph says A LOT.
ferreting out shorts EOM
honey hole in OK, i liks dat : )
yeah, its ALL good em