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My statement was not based on the recent trades which by the way were all buys but rather on research off the internet. It looks like GBDX is being spruced up to trade as a wholly owned sub of Sib Almaz. Time could prove you wrong, aimo.
Something is brewing.........!/em
$125 per share, go SPNG./em
The Unicorn crooks!
The crooks have the 92million dollars stashed away offshore.
Aloha..10 million shares trades, what's the scoop?
A Unicorn!/em
Was that the specificity documented in the filings.....I did not see anything other than Securities fraud, sec. blah blah...... we are not talking just 2 billions, it is very much greater than 5 Billion with more than 30,000 accounts.
I see the Homeland Security beginning to take an active role in investigating these kind of financial crimes...better late than never!
Only the guardian angels above know about his whereabouts.
Is it really true SPNG will be resurrected??
Cuz it deserves to be up there!
I meant the Central Bank!
U must be talking about the Feds!
LOL, SPNGQ is dead and you are saying SPNGQ is the way to do it, loose monies....are u saying buy SPNGQ...do u have an explanation??!!
The Pilots and/or unmarked security agents who normally are on the flights, they don't get searched!
here are some reads on bank leumi that helped its customers to money launder.............interesting
Sha, congratulations on becoming a mod, that's a challenging task on iHUB.
What, I can't believe this! Jay, one of the intriguing point in this saga is how in the hell did the TA allow this to happen.....I believe it could have happened due to the reason being that the clearing houses were self-clearing houses. Self-Clearing houses are as good as DTC i.e they have the authority to verify the certs, deposit them in the vault and settle the transaction. So now it is clear to me as tow hy Acacia was able to deposit the many shares.....they all were cleared by Ridge Outsourcing which is a self-clearing house. The same is true of Alpine securities. I am not sure of Canaccord........Anyways this whole thing as to how counterfeit shares enter the market is now clear to me.
IIROC, a contractor...may be that's a better way of doing an investigation.
Good question...the SEC needs to step up!
Jay, the only time these guys produced documentation(irregular purchase agreements) while depositing shares was in small number of shares. The larger number of shares, ex., 20million etc, was first transferred to Cannaccord Capital and then CC sold them out into CEDE. This same pattern holds true between Accacia & Penson!
Looks like there is a divergence between IIROC and SEC regarding OS
this was the primary issue........
" the stock purchase agreement was irregular in that it was not signed by representatives of MARE* and DIOM*..."
What was the TA doing. Also most of the share deposits was not accompanied with documentation. Once again what was the TA doing?
then that's what it is illegal shares or counterfeit shares, whatever you may want to call it. there are no fictitious monsters, there are real people like RR, UU, II, etc. that's why the investigation is on going.
what does 'improper purchase agreement' mean?
Obviously it is not one of a kind but well orchestrated scheme, wherein the inbound gate keeper gets crucified. The gatekeeper on the other end, the one not authorized to instruct may very well be crucified too, provided he is a resident Canadian (I am assuming). But it is quite obvious that the shares were counterfeit and the 'individual' was coordinating with RR and the TA. All of the participants, passive and active need to be crucified.
Jay, the more I read about this, the more I am more than incensed. I wish I could give you more support. How can Davis, Tao, Simpson, et al miss these blatant, illegal transactions?? And after all the work you did and presented to the trustee, the trustee fails to take action!!One has to wonder why some trustees pursue NSS diligently and some don't. These are the kind of transactions that were clearly highlighted in the filings, transactions that included transfer of assets by convicted lawyers! I have very little faith in the SEC...the only solution being is that monitoring be done by some other agency, a new born agency empowered to set the wrongs right...I wonder if this will work either! However, if the SEC chooses to remain inactive in spite of their Canadian counterparts taking action, then that would be the most disgraceful and shameful act. On the other hand they may not and may take action following their Canadian counterpart's footsteps! The SEC should be ashamed that they are being prodded by shareholder's investigative material. Acacia's transactions are one massive scoop.
But I doubt our antagonists attitude will ever change.
The black and white evidence is the Blue Sheets. The SEC ignored the fact depicted in the Blue Sheets.
Jay, thank U for all your effort and initiatives. Nice letter.
When I read this document and the way the shares were issued/cashed, it is quite obvious that we are not just talking about 190million shares but we are talking about a billion plus shares that were probably cashed in a similar manner albeit not with Canaccord, imo.
The issue is not whether Steer is guilty or not, the issue at large is the non-identification of individuals....who was the individual giving instructions to Steer, etc.
One has to wonder what benefit these secret deals have had on the Society. By the by Jay does it surprise you that not a single filing has been made against SPNG, other than the initial complaint.
SPNGQ ready to trade...still alive...the story is not over....yeah, spongetech material provides a firm grip even when wet!
Jay, the restitution order issued by the criminal court judge makes sense to me only by default as it is the primary judiciary in this case but the order is half baked i.e incomplete. Let me clarify further, the defendants identified are those that were accused at the very beginning but we know there were other criminals involved....why aren't they not being identified? Besides, in my opinion, there is very little transparency in the case i.e have the facts been accurately tabled?? aimo.
Jay, your statement is accurate, right on the nail.
Jay, the truth couldn't be farther than this.
Kudos to Jay.....the Court obviously saw Value in Jay's letter and thus filed it as a motion. Now the counterparties have to respond and the Judge will consider the relief requested.Very, Very clear.
That's where you'll find the $52 million.
They couldn't find their shorts, that's why they are called naked! LOL