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.
Oh, you must mean like this one...
nmuny
Wednesday, February 10, 2016 6:56:15 PM
Post# 30755
of 128017
He is a she.
Translation of what they really mean, since that is all bullshit:
This is our way of saying the whole thing is a front for NOTHING MORE than the truth that we are a long standing scheme to print, sell, buy, pay, rinse and repeat, FIAT SHARES created out of the air and backed by nothing more than our STORY CONSTRUCT! WE, the inside and our outlier support, make make millions of dollars for ourselves as the stock pps is usually in the gutter. We say as little as we can get away with and thrive on the generosity of our believers who are faithful to the bitter end. We know there will never be a sale or any licenses or real settlements. There never was intended to be. That's all part of the illusion. We are really nothing more than a insider go fund me page and fund us YOU DO and fund us YOU WILL because your minds are locked into this farce as being for real. We are an eminence front, a put on... We are in good company here on the OTC where so many schemes live and die. We know how obvious all our share selling is and how detrimental to the company or the idea that we will hit it big, but the more we dish it out, the more y'all suck it up. The sec? Haha lol......dont ask...
Oh, and by the way....Chang was setting this all up for 2 to 3 yrs, long before the Emu was in the picture with all the BLATANT LYING PRs he put out while the "acquisition" was being worked out and finalized (2011-13). I've posted many of those PRs many times here. No one cares. They just wanna bitch holler and complain and call ea other names all day long. The lord Emu of eGipped, his apparent cohort wife, Chang and the others are making money hand over fist while yall make up excuses as to why they are so smart and so great and so fiduciary. They LOVE you!
But it's ok for you too, right?
hypocisyisntavirtue
It's just ok for you to do it though, right?
unbelievable...nah, believable...
Obviously some, many, are never gonna get it....that this so called company is NOT about voip service providing, nor about integrating patented tech into their platform, nor about selling, licensing, partnering or EVEN SUING for damages. All those concepts were promulgated intensely by this non real company for the past 15 yrs or so. All the so called positives you see posted by the so called knowledgeable experts that come on here daily to do their paid pumping or their unpaid pumping, are merely the result of the sophisticated scheme engineered and setup long ago by various vplm peeps to do one thing and one thing ONLY! THAT IS TO PRINT SHARES (create them in a fiat manner), use every available method to get them to insiders and supporters, and then sell them at huge profits, such as the insiders have been doing all of the above actually for yrs and it is ongoing and stronger than ever. All at the expense of the regular retail shareholders who are now, because of the above facts, mostly all far underwater with a handful of exceptions. There will in all likelihood never be a sale, or a license or a real, major settlement or any partnerships, nor any court wins for infringement damages. All you will ever see, as I have correctly predicted for years, is just more and more private placements which facilitate the ongoing life of the company as well as the insider sales like there was no tomorrow. Doesn't take a genius to figure out that if anything truly good, in terms of sale or infringements trials or settlements, that they would never ever ever sell all these zillions of shares for the dirt cheap they do. Pretty simple and all the so called explanations are nothing more than fabricating stories that facilitate going where the wind suits their clothes aka making themselves look like they know what they're talking about. The truth is that all these so called know it all board experts have been expecting and calling for and even betting on IMMINENT SUCCESS for over 10 yrs. Of course that never happens and all they see is one monkey wrench after another appear which they then have more positive explanations for. This is simply a self enrichment scheme, far better executed than the many others to be found here on the OTC and very lucrative for the creators.
3 or 4 that I know of....
By virtue of your last sentence, you just identified yourself as the toadie. Thankyou for the chuckle which hopefully isn't the chuckle of the day...
By the way, I don't know if you're lying or simply exercising your toadiness, but I do know that you don't..
Long live the big mean green share printing/selling/personal ATM machine with the optional BS PR generator attachment.
Vplm totally reminds me of "the treasure of oak island". Sooo believable.. Got hooked on every episode of the show. So many ppl involved and for hundreds of years, aside from the show. They have dug and dug and dug and had all the patience in the world. Zillions of dollars support. All sorts of expensive equipment. All kinds of experts. Lots of supporting evidence. They all believed. Always on the verge. At the end of the day/week/month/years and freakin centuries...........dud.
The lawyers make bank.
The judges make bank.
The accountants make bank.
The paid pumpers make bank.
The paid bashers make bank.
The experts brought in make bank.
The company BOD make bank.
The Emu of eGipped and his other half, make big big bank.
The private placement buyers make lots of bank.
The uspto makes bank.
The PTAB makes bank.
The retail shareholder make nothing but noise...
Looks like the so called "rocket Docket" is more of a rock on a dock.
Of course, vplm has been telling big ass whoppers for many yrs. He prolly just repeated what our own Richy Rich "INya pockets" Inza said. In fact, as I recall now, was it LL who posted he heard it from Inza on an a call. It was someone who posted it here from a call allegedly made to Inza and I remember myself posting a few times that Inza had reportedly said something on the order of: "there was a settlement and it's good for shareholders or shareholders will consider it good". What a crock... Shareholders don't even rate to know what it was except I think it was found in a 10k and it was like $1.99 or something lol. I keep telling ppl and have been pointing it out to them for over 10 yrs that these lies, mistruths, misdirections, misspokes, diversionaries, crocks of shit, HAVE BEEN what vplm thrives on and is THEIR M.O., but they have always treated it as trivial or biased or I'm trying to drive price down or any number of dumb and incorrect notions.
I've told ppl to go back to the beginnings of the postings and read the history. It's a very rich and informative read. It's a story that Cameron would be proud to turn into a horror movie, lol. You would read that way back, long before the acquisition, vplm, according to numerous posts and posters, some of whom were intimately involved business wise, with vplm and you can read how according to some of them, vplm was lying thru their teeth and reneging even back then and was fighting with all their associations. Vplm never invented anything and the so called voip services provider that they were supposed to be was all just turnkey rentals. I think the magic jacks was some kind of debacle as well.. Not sure?
But then came the acquisition and the BIG BIG BIG LIES CAME! They never invented shit. They never had any success with voip services. And no one was ever interested in the patent applications........except them! And even that was part of the big farce. It's all been nothing more that a shares print, buy, sell operstion disguised as a voip services business turned poster child patent troll, but even THAT was part of the sham. They never intended to sell, license or partner with anyone. It's all been an EMINENCE FRONT to create, sell, buy, resell shares at everyone else's expense IMHO.
"VPLM two dates posted in case 00672 vs Verizon. Final pretrial conf in Waco, TX. On Tues July 9, 2024 at 2pm. And scheduled jury trial on Mon Aug 19, 2024 at 9 am. Signed by Judge Albright"
-------------------------------------------------------------------
Please update us just as soon as these dates get pushed back, as they invariably will.....or......when it becomes apparent that they will be, which would be double entertaining...
Yes, it really defines pennystock... But it's more like a nano scale or quantum stock. Hell, who am I kidding?......its not a real stock or a real company anyway. Its just a big fake out supported by a big storyline supported by a bunch of lying PRs and naive shareholders who haven't learned that wishing won't do it. About time for some more whoppers to be propagated...
Contrary to the 1 cent and below constant predictions for months and month, the pps seems more buoyant around 018 than a porpoise loaded with bloat. Some call vplm a 2 bit operation. Nah, it's more of a 2 cent operation. I wouldn't be surprised if the current price is about the same as the 15 year avg price. It's a very smoothly operated big mean green, bloated, share printing, share selling, BS PR writing, personal insider ATM.
The unjust personal enrichment and failure of fiduciary duty charges and conviction (finding, whatever the term..) by a jury of peers WAS PERFECTLY FITTING for lord Emu of eGipped as well as the rest of the crew.
This is what the so called company became in 2013 after plotting with Digi-phony-ca and the Emu, for some length of time beforehand, as they were longtime friends.
Love to see the payment records of the Emu alleged 17 or 18 million dollars (depends which PR or article you read) to the developers of the software........and I'd also love to see the published and validated results of the alleged worldwide nodal testing.... These things are often bragged on because the naive investors/shareholders accept it all as gospel without any sort of validation whatsoever. DUH! And then, when this is brought up, they smugly, you know, the elite super longs, love to ridicule it as non issues and non pertinent. This is the breeding ground for smugness, egotism, eletism, braggadocio, hyperbole, misdirection that rivals a NYC street corner game, mean spiritedness, etc, just as Vancouver is the well known breeding ground for these illegitimate pennystock schemes.
Yest was up all day then a last min dive which was waaaaaay gapped up 1st thing in the morning and holding steady. Someone needs to contact barb and tell her a merman has been trying to contact her for the longest time and in fact believes she listens, LOLOLOLOLOLOL... Maybe she can come in with a bullhorn (like for jumpers) and convince it to not hurt anybody...if she doesn't meet his demands......lolol
stilllovethisjob
If they DID....and it was truly workable, someone would've bought it. Valuable things, especially uber valuable things don't just sit unable to sell. I know... I know.... Every single provider is a thief who stole the tech from vplm and they all figure that it's cheaper for them to go thru all the litigation and have to pay humongous damages than to just settle or buy or license. Yeah, THAT'S the ticket! Oh brother...
Lololol hahaha....oh, that must be the "switch" that the NSA was gonna pay us billions for.......hahaha........the same one that all the naivetes' believe that Microsoft was trying to patent a year after vplm already applied and was near patenting. Of course, and as I explained several times in the past, it had nothing to do with Microsoft trying to steal it away from vplm. Microsoft isn't stupid. They knew full well that they had no chance of getting their application approved. Their application was done for a completely different reason. It was due to the pressure being applied by their customers and the govt for privacy OR a back door. The less than sharpies here couldn't fathom the obvious fact that if all these voip service provider companies, you know, the ALLEGED infringers....were so easily able to steal all of vplm technology, then the NSA sure as hell didn't need to pay anybody anything and you can bet your bottom dollar, especially post 9/11, they have had such back door abilities ever since, if not before. I had to laugh, years ago, when the NSA announced they would pay billions for such technology. Same sort of misdirection purpose lying that vplm has done forever. Microsoft was being pressured by the govt, so as to make it look like they didn't have the back door abilities and at the same time, if you remember, they were getting a lot off push back and complaints by their customers to NOT provide the gov with said back door, which was just 3 card monte misdirection and deflection. So they applied to appease the pressure from both sides, knowing full well that they would never get it approved. I submit that vplm has nothing any of these companies need. And that's why no one ever buys or even licenses.
Lord Emu of eGipped, I think, has shown numerous actions which clearly show he cares about buying and selling shares and zero about selling patents or winning infringement cases because he knows it ain't gonna happen. To that end, all the dots connect and there are so many.
Annnnnnd.........its UP again..... hahaha ha. For months, the prediction, no, the sure thing announcement, was it would go to penny or less by year end and when that didn't happen, now same daily, minute-by-minute, 24/7 announcement keep coming and EACH TIME the price goes UP! What can be expected from a waterlogged mammal that thinks the human barb hears and listens to him. So where's that vplm centric psychotherapy that was promised a while back? Vplm has driven many over the edge, but most of them had a head start.
ilikemyjobhereitssooorewarding
As the price continues to go up, a group of shareholders are asking whoever it was that predicted it to be going down, to please continue to repeat it as many times as possible...
Oops..... Pps UP again. Damn that barb...
You've all heard of "A dog and the boy who loved him". Lassie of course.
Introducing the sequel...."Barb and the porpoise who loved her". They call him Flipper... Flipper...faster than lightnin...
The basic storyline is Barb keeps selling Flipper's stuff. Meanwhile Flipper keeps going underwater to find her but he never gets it that she lives an opulent lifestyle on land. He's just a little mixed up cuz...well...he's a porpoise and she's a human. He also talks to her everyday, telling her what she needs to do, but it's a one way conversation. She doesn't understand all those chirps and beeps, but he keeps on talking to her nevertheless. The everyday antics are hilarious. Don't miss it on the ORC network..
Brains emptied here....
'BEFORE IT GOES TO .004'.......
According to the chart, been goin up for close to a week. Too funny... haha
I just felt the need to jump in to refine the numbers of infringement a little bit.....
Yeah BABY!.......stand on your head, get vertical, hold your breath, have patience (keep holding), keep repeating the mantra: "vplm is in the best position EVER!"........rinse and repeat as needed and keep a keen eye out for that ship to come in! Please don't be alarmed or discouraged if it takes another 5-6 years to play out nor expect to be any further ahead than current.
whoopdereitis
Well, we know who Barb's 1st heavy mental patient will be, now that's she's agreed to pay for the psycho sessions. It's the least she could do with all that money...
Boeing's new S9 planes are falling apart. A door fell off one in flight recently and caused injuries and was traumatizing for some passengers. The planes are now grounded. The affected passengers put together a class action and one of the things Boeing has offered is all the mental health care they need. This gave me the idea that perhaps Barbara ought to be asked to provide the same kind of psychological/psychiatric care offered for some of our obviously traumatized patients ....er..ah I mean shareholders who have lost their patience, thus their virtue...... and seem to becoming very badly affected...with behavior that is rude, crude, nasty, hateful, disrespectful if they are simply looked at sideways.
Some see this as an open opportunity to push their buttons because said buttons have become "sensor touch" type and so easy to get a rise... And the button pushers, in some cases, don't even realize what they're doing because they have been affected with multiple personality disorder. This gives them the propensity to argue and admonish themselves.
This apparently, is what can happen when the stock goers are forced to wait too long for their well deserved millions and dillions of dollars and forced to have to cancel their yacht orders and island buying. It's very traumatic. These peeps are at high risk to become dangerous to those around them so try to not to fuel their fire and be a good samaritan by signing the petition to Barb to offer free help to the very mental. They likely won't thank you directly but when they call you nasty names, you'll know they just can't help it and you can remind them to take their medication...and count...no, post how many shares they own and how much they profit ea minute. A shareholder is a terrible thing to waste.
All so and so has to say is it's going down from here......and you can count on it going up. Still going up. Too funny. Luv the free entertainment.
By the way, has anyone seen my 50cents around anywhere yet?
Meanwhile....its up, up, up. Too funny. I love this place. It let me cut the cable
Keyboard warrior...... That would obviously incl you. Posting negative garbage. Once again, that's what you just did and not the 1st time. I'll fill you in on a little bit of wisdom that unfortunately you weren't present that day when it was handed out. You erroneously think that this board is here for and welcome to, those who are pro vplm exclusively and you think that those who differ with you on that and are negative about various things with this company, are ppl who simply spew garbage, as you put it. You think they are stupid, bad, nefarious and here only to drive the price down. Of course it never occurs to you how unfair, unbalanced and myopic that thinking is and naturally so, as it comes with territory of narrow mindedness. In other words, you don't know what you don't know cuz it's outside your faulty biased viewpoint. Now here's the meat of the wisdom: I'm well read, well schooled and well accomplished. I have become aware of many many facts and observations about the way this company has been run that put me very negative about it. I have done tons and tons of DD. I don't accept things easily without a certain level of supporting info. I ALSO am a LONG time shareholder.
(here's where you're supposed to interject: "well then why didn't you sell and get out and leave this board when there were the runups?". That's been put to me a zillion times and it's so duh.. I've been in this a long time. I got in before any talk of patents. I got in fairly cheap. I was pro vplm and pro voip. I won't get into detail here as I have enough times in the past, but at a certain point I began to not like things the company was doing, but because I was pretty new to the game, I was swayed by the self styled "true longs" who kept saying to never let go of your shares. Hang tight to them and don't get shaken out. I bought that for a time and due to a bunch of mistruths the company was spewing, the price kept going up and up and I kept buying and buying and then the pps did it's usual plunging. I became way underwater......on paper, that is. Eventually I came to realize the way out was to swing trade and I did so and recouped all my losses and got far ahead in the black, and I either rebought or retained (can't remember anymore. Too long ago) my shares. As the company continued, in my opinion, to do many wrong things and PR lots of BS, I decided to never buy vplm shares again. That was long ago and I stuck to that. I also told myself I would not sell my shares unless I get 50 cents or more. That has never happened. So I hold them and have mentally written them off long ago. I'd rather use them for wallpaper or toilet paper than sell them for less than that.
Anybody and everybody has the same right to post on this board no matter their sentiment. They SHOULD recieve the same respect that anyone else does but that's not the way of this board... I'm here 1. because I like to write. 2. Because I like to express my thoughts and opinions. 3. Because I get alot of entertainment here. 4. I like to use my humor here. 5. I am a very fair and balanced person and I often feel like I should offer my opposing views and opinions, like em or not and especially for the newbies to be exposed to other views than the elite long.
So there
Wow, that was kind of funny. I was just about to post that I was not too inclined to believe Rich "INya pockets" Inza's story. Sounds more to me like she threatened to kick his lyin ass if he didn't come up with some kind of "explanation" for what she has done and continues to do harm to the only thing vplm has, ie, a share price... I expected after I would rcv the usual ridicule for saying so. I had no idea there would be so many who agree about the voice of bullshit, INya.
Then again, I suppose it's possible but highly doubtful all things considered...
Did you know the price around 15 yrs ago was near 40 cents when they started here? They were allegedly a voip service provider then. I say allegedly, because voip service, at the time, was one of the biggest, most promising, exciting arenas to get into, so how is it possible that they had such a great opportunity in such a great realm but screwed that up with 1 deal after another and had all their deal partners complaining about vplm not living up to their ends of the deals. Not only that but several board members were shown here via their resumes', to be the freaking TOP PEOPLE IN VOIP AND TELEPHONY. Like Tucker and Candy and Sawyer and Chang, etc. So ask yourself how to have people of that character and expertise plus the aquaintence of the peeps from Digifonica whom they were working on this deal with...and be in the voip service providing business and be a complete failure at it?? AND IF THAT ISN'T QUESTIONABLE ENOUGH.... THEN......THEY MERGE AND HAVE WHAT ARE ALLEGED TO BE THE KEYS TO THE VOIP KINGDOM..... SO NOW.......THEY ARE IN VOIP HEAVEN WITH THE BEST PPL, THE BEST TECH OPPORTUNITY ON THE PLANET AND THE BEST $17/18 MM WORTH OF THE TOTAL CONTROL OF THE VOIP WORLD WITH THE SO CALLED FOUNDATIONAL TECHNOLOGY PATENTS. SO THEY THEN (Chang) SPEND THE NEXT 2 YRS+ PRing THE HELL OUT OF IT (which undoubtedly garnered many new shareholders and sold boucoup shares) AND PROMISES TO FOLD THE TECH INTO THEIR OWN SO CALLED (turnkey rented) VOIP SERVICES PLATFORM, AND WILL BE SELLING OR LICENSING TO COMPANIES WHO WE ARE LED TO BELIEVE ARE BEATING THEIR DOORS DOWN, TO GET SOME O DAT, WHILE ALSO PROMISING TO FORTHWITH BEGIN COLLECTING UP TO HUNDREDS OF MILLIONS OF DOLLARS IN ROYALTIES. THEN.......AFTER THAT ABOVE DESCRIBED 2 TO 3 YR SETUP, NOW SITTING FLUSH WITH TONS OF NEW SHAREHOLDERS AND CEMENTING THE FAITH IF THE EXISTING ONES AND KNEE DEEP IN SHARE SALES.........NOW........NOW........NOW.......with no rhyme or reason, with no fanfare, with no announcements, with no shareholder input and on a DIME..... TOTALLY SHUT THE DOOR TO ALL OF THAT (because it was all a bullshit ruse) TO BECOME THE POSTER CHILD DEFINITIVE PATENT TROLL FOR THE NEXT DOZEN YEARS!........EXCEPT........ THEY WEREN'T EVEN A REAL PATENT TROLL! THAT WAS JUST A RUSE AND A FRONT FOR THE BEST SHARE PRINTING, SHARE SELLING, PERSONAL ATM PERSONAL ENRICHMENT SCHEME EVER TO SHOW UP ON THE OTC. AND IT HAS WORKED WONDERFULLY FOR THEM FOR ALL THESE YEARS AND CONTINUES TO THIS VERY MINUTE. AND WILL MOST LIKELY CONTINUE FOR YEARS TO COME, FUNDED MOSTLY BY THE FAITHFUL GULLIBLE ARMY OF VPLM/EMU BELIEBERS, THE ELITE SUPER TRUE LONGS AND ALL THE SUPPORTERS WHO UTILIZE PRIVATE PLACEMENT TO GET ZILLIONS OF SHARES FOR NEXT TO ZIPPO. ALL THE INTELLECTUALIZING AND AGENDALOGICAL EXPLANATIONS FOR THE LITIGATIONAL MANUEVERINGS AND MACHINATIONS SOUND GREAT AS THESE PPL APPEASE THEMSELVES TO DEATH AND KEEP UP THE 15 YR OLD NEVER ENDING MANTRA OF HOW CLOSE WE ALWAYS ARE AND THE OMNIPRESENT, NOW STUPID, "PATIENCE IS A VIRTUE" AND "VPLM IS IN ITS BEST POSITION EVER" (perpetually).
Meanwhile, any big dog voip provider or big dog investor with 2 brain cells to rub together, would've snatched up patents worth allegedly in the hundreds of billions of dollars LONG AGO, FOR A RELATIVE SONG, RATHER THAN LET THEIR COMPETITORS GRAB IT AND RATHER THAN ALLOWING THE DAMAGES TO KEEP GOING UP AND THEN HAVE TO STOP SELLING THE OFFENDING PRODUCTS. DUH DUH DUH DUH DUH DUH. MAKES NOT A LICK OF SENSE. IT DOESN'T WORK THAT WAY. THEY KNOW THEY ARE NOT INFRINGING AND THAT THE PATENTS ARE WORTHLESS. THAT'S WHY, APPARENTLY, THE NODAL TEST RESULTS WERE NEVER PUBLISHED...
Ok, I'll take 50 cents
Vplm, by way of their M.O. has brought in all sorts of peeps to allegedly get things finally done. Lawyers, voip busters, experts of every kind.....and they amusingly, always are part of the super this and super that genre. Bill Parrish is another one of the same, another super lawyer or whatever adjective he goes by. It's more or less just named dropping designed to razzle and dazzle the shareholders to keep funding the vplm go fund me page, aka lord and lady Emu. Reminds me of the Dr Amelio trick done for the same reason but failed or the time Candy, the Aussie director who managed to get an Aussie boutique bank to put out a PR stating that vplm had MANDATED them to sell the company and that they had the best prospects to do so, on the line. They THEN, FORTHWITH....disappeared without a word even tho king Sawyer promised to provide an update which never came. Then, there were all the teases in the form of PRs, claiming, just like the latest claims, that there was major interest by very big and important entities, such as fortune 500 and S&P 500 companies just chomping at the bit to procure vplm patents. They were all bullshit. Sawyer even admitted one of them was bullshit. But that's how vplm operates to keep those who don't know better, on the hook, fiercely loyal and always buying more and more. Nothing more than a confidence game.
Funny....lord Emu claims to have founded just that....a biotech company doing cancer research in Germany for years. However extensive searching reveals no such company exists. And the really bizarre part is he claims the name of the company which I forget at the moment, but there is an American cancer research program of the exact same name and he has nothing to do with it. Strange, eh?
...not much of a point tho.....as who wouldn't jump at the chance to collect 200 mm for 20mm?. Again, very ironic because that is the exact same point I've been laying down here for years....ie, if the patents are really all that and worth hundreds of billions of dollars, then why and how could the voip provider community and or big investors in general.....WILLINGLY choose to NOT get froggy and leap at the chance to grab such a PRICELESS gold mine, not only for it's monetary attributes for years to come, but also to put a stop to any and all competition, not to mention the vast power of being in total control of the biggest best for of communication ever developed, voip......and allow any of those competitors to grab the patents at any moment, most likely for a billion or 2. Just does not make sense. Against human nature. Against ALL nature. And the reason why no one will answer the often asked question about would they buy vplm if they had the money? Simple and quite pertinent question but they can't answer because doing so would cause the embarrassment that comes along with YES, which immediately begs the question....well, then why hasn't any of them done so in the past 15 yrs the patents could be had.......or NO, which immediately begs the question, well, why the heck not? It is the critically though out conclusion, therefore, that clearly infers, same as the build of an atom is inferred, that they all know the patents simply ain't all that and that the purpose of what LOOKS to be just another patent troll, is in reality an insider enrichment scheme. Did you know that lord Emu of eGipped was already found guilty of unfair self enrichment by a jury of his peers? It's an eminence front.
Ok, guess I killed 2 birds with one stone.....as all I was doing was showing that the comments that claimed the sec doesn't bust naked short sellers as just more misinformation. Ironically, I also believe at the same time, that they are as corrupt as any other govt agency or for that matter, any entity that has power legal power over others, especially the ones whose punishment is having to cough up large fines. But, lol, in contrast to that, I think it was just yesterday when I posted about a company who was fined alot but the fine was rescinded allegedly because they knew the company "couldn't pay the fine"......which I found kinda pathetic and gee, what a great deterrent that was. I have no doubt that if you Google sec corruption, there will be so many hits, smoke will pour out of your device. However, they apparently DO make some token busts for whatever reasons or corruptions there might be and the whole point for me was to show they indeed DO bust naked shorters contrary to what was said. I'm just into fair and balanced is all. If I helped your point along as well, thats ok too.
Doink...
https://www.sec.gov/news/press-release/2023-107
Press Release
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
FOR IMMEDIATE RELEASE
2023-107
Washington D.C., June 12, 2023 —
The Securities and Exchange Commission today charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order making, as well as other violative trading, that generated more than $2 million in illegal profits.
The SEC’s complaint alleges that, from at least March 2017 through May 2019, Sabby and Mintz repeatedly circumvented trading rules to conduct unlawful trades in the stock of at least 10 public companies. Short selling is a legal practice where, generally, a trader borrows a security from a securityholder and sells the security at one price, speculating that the trader can buy the security at a lower price in the future before it must be returned to its owner. As alleged in the complaint, for example, Sabby and Mintz engaged in illegal “naked short selling” by intentionally and improperly placing short sales when they knew or were reckless in not knowing that they had not borrowed or located the shares, and then failed to make timely delivery of the shares. According to the SEC’s complaint, the purpose of Sabby and Mintz’s fraudulent scheme was to earn profits they could not have gained through legal trading.
Additionally, as the complaint alleges, on occasion Sabby and Mintz used their naked short selling to artificially deflate the price of securities, allowing them to obtain more shares at a cheaper price.
The SEC’s complaint further alleges that Sabby and Mintz tried to conceal their fraudulent trading, including by using securities acquired after the trades to make it appear to brokers executing the trades that they had complied with the requirement to have borrowed or located the shares prior to their trades. As the complaint alleges, when questioned by at least one broker regarding their trading, Sabby and Mintz repeatedly lied about the trading.
“The SEC alleges that Sabby and Mintz attempted to game the system and make an illegal profit,” said Carolyn Welshhans, Associate Director of the SEC’s Division of Enforcement. “When someone uses naked shorts or other manipulative practices to cheat the market and investors, the SEC will ensure that they are held accountable.”
The SEC’s complaint, filed in the U.S. District Court for the District of New Jersey, charges Sabby and Mintz with violations of Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b-21 thereunder. The complaint also charges Sabby with violations of Sections 204 and 206(4) of the Investment Advisers Act of 1940 and Rules 204-2 and 206(4)-7 thereunder and charges Mintz with aiding and abetting those violations. The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties.
The SEC’s investigation was conducted by Edward Reilly and Christopher Mathews, with assistance from Patrick McCluskey and Brian Shute, under the supervision of Amy Friedman and Ms. Welshhans. The litigation will be led by Daniel Maher and Mr. Reilly and supervised by David Nasse.
###
Wow! Boy, are you smart! You have those non pro vplm bears ALL FINGERED OUT, don'tcha? You must be a real genius!......oops, gotta go, bye....my shill check just came in...