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Right, jimmy, it's a huge conspiracy.
Why yes, jimmy, I have heard of ex-clearing. It means simply that the trades do not settle through the cnss. They are manually reported to the dtcc. They are not off the books, as the NSS crazies claim.
Simple,jimmy. Options MM hedging. Which are, for good reason, SHO exempt.
Was CMKX ever on the SHO list, Jimmy?
Oh please, jimmy. Trades routinely fail for a variety of reasons totally unrelated to "naked shorting". Any certificate trade, for example, will always fail to settle in t+3.
Jimmy-the total fails in BB and pinks amounts to $2 million on any given day. Can you tell me why that is an issue?
Then cite the statute, jimmy.
with the purpose of driving down the security's price. You lose, jimmy.
Cite the statute, jimmy. Speaking of making a fool of yourself...
OH PLEASE, H2. You don't suppose that crooks would go where the money is, rather than penny scams that have negligible short positions.
Ya think?
Can you read, bomart? It prohibits future violations of the 33/34 securities acts.
And the sanction could be criminal contempt.
What exactly is your issue?
Bomart-a law is a generalized statement. An injunction is a specific prohibition judicially imposed on an individual. Should he violate the injunction he is subject to both penalties for the violation of the injunction AND penalties for the violation of law.
Not my job, h2. They are the ones making the vague claims.
Urban wasn't too stupid, trade. He ended up with more money than edwards, eh?
Jimmy-there is no presumption of innocence in a civil case, and al the State has to show is that a preponderance of the evidence supports their claims.
Whitefish ain't too shabby.
Be patient, h2. These clowns stole $50 million plus. They will be prosecuted.
Where are the records of those suits, h2?
TSX-nah. they were the ugly ones.
When I as in undergradute school I spent one summer in Montana panning for gold. God knows how many tons of gravel I shoveled!
Made about four grand, which was good money at the time, and I was in the best physical shape of my life.
I left when the sheep started looking attractive.
Bogus in what way, chas? It's rather a weak debating style to simply deny that the opponents point is true. Refute it factually, if you can.
No, h2. They did not trade after being revoked. That was months after they were suspended.
As I said, you are making no sense.
Yeah, the SEC is slow. BUT anybody who bought after the suspension doesn't even have a fraud claim in a private action. That was the "should have known" moment.
Uh, h2, what are you talking about? The suspension authority is ten days.
You really are acting quite out of it. Let me spell it out again:
The SEC has the authority to suspend trading for ten days.
At the end of ten days, the stock automatically resumes trading
Unless something new comes up, with a different set of facts, the SEC cannot do anything about trading.
How many shares were traded after the suspension is a meaningless number.
What exact point are you trying to make? Where the hell did you get one day? I said "one ten day suspension".
You are making zero sense, h2. They can suspend it once, for ten days, period:
http://209.85.165.104/search?q=cache:B1v309EHzVAJ:www.samsloan.com/sec.htm+sloan+vs+sec&hl=en&ct=clnk&cd=1&gl=us
Do you ever fact check, h2? One ten day suspension per year per specific incident. It's the law at the Federal Appeals Court level. If you want to talk about something, try to learn to back it up.
One of the most common causes of FTD's in pennies is that darling of penny plungers: the certificate, and, of course, sales against toxic CD/s, which have 35 days to settle. It is virtually impossible to clear a certificate trade in t+3. The most common cause in index listed stocks is options MM's engaging in perfectly legal hedging.
The total dollar volume of T+3 FTD's in penny stocks on any given day is less than $2 million. It is hardly a threat to the finance system as we know it.
You can, but nobody would in a retail environment would because of the $2.50 a share non-interest bearing margin required by the boutique firms who would execute the trade for you.
In the case of CMKX even market makers couldn't short it, since it traded on an unsolicited quote basis.
You can create private contracts that are in essence shorts, however, and it's perfectly legal. JB has explained how more than once.
And you didn't answer my question. You seem to consider short selling as some kind of evil in and of itself.
What is your issue, h2? If you are a trader you try to profit by finding out information that indicates to you that a security is mispriced. If you conclude that it's under priced, you buy; if you conclude its overpriced, you sell short. What's the difference in the two strategies?
Looks like TTXP is the result of a reverse merger into a dormant BB shell. Best bid is .05 with zero volume. Looks like and smells like a pump in the coming. Please don't tell me that they staked the smeaton pipe!!
Any investment that guarantees above market rates of return is ipso facto a fraud.
Not true, jimmy. That was pre-revocation, and they did release April 05, which showed essentially zero FTD's.
If they still think FTD's exist, why don't they simply ask the SEC to provide the FTD report as of the day of revocation?
analog-more serious balance sheet woes to come. They are in the middle of one of the most overinflated housing markets in the states, and they were giving warehouse lines of credit to mortgage brokers who were doing zero underwriting.
The embargo was codified into law in 1992 with the stated purpose of "bringing democracy to the Cuban people", and in fact is entitled the Cuban Democracy Act. In 1996 Congress passed the Helms-Burton Act which further restricted United States citizens from doing business in or with Cuba, and mandated restrictions on giving public or private assistance to any successor regime in Havana unless and until certain claims against the Cuban government are met. In 1999, U.S. President Bill Clinton expanded the trade embargo even further by ending the practice of foreign subsidiaries of U.S. companies trading with Cuba totaling more than US$700 million a year.
At present, the embargo, which limits American businesses from conducting business with Cuban interests, is still in effect, making it one of the few times in history that United States citizens have been restricted from doing business abroad, and is the most enduring trade embargo in modern history. Despite the existence of the embargo, the United States is the seventh largest exporter to Cuba (4.3% of Cuba's imports are from the US).[1]
Hopefully short lived animals make up in quality what they miss in quantity.
link to millionaire board?
What makes TOGI different from any other penny shill for pay outfit?
No h2, the broker is not guilty of mail fraud. The originator of the shares is.
MB-thanks for the link.
I'm holding, perhaps stupidly. WM has a huge retail banking footprint in their market, and if the write-offs don't have another shoe to drop, I think there is some recovery room.
But it's a long way from my silly dividend purchase at $37.