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how do you know for sure?
up 60%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
maybe HE got cooked and had a boating accident
kneel bfore thee
so chinese
hope he understands those posts and does not delete them
dont think billy knows what complete security means using patented components
IBM sounds mint
gee,i dont know whos biased
i have contacted my 2 senators,olympia snowe and susan collins
i have attached links to the hpnn boards and the short and distort article
read about multiple alias'
Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock. S&Ds also intimate that they are looking out for investors' interests. Short and distort players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0.00 and loss projections of 100%. If their strategy is suspected by "longs", they attack the person that has caught them. The market manipulator will do everything in his/her power to keep buyers out of the stock and keep the price heading south.
The net effect is that the investors who initially bought stock at higher prices sell at low prices because of their mistaken belief that the stock is worthless, caused by an effective distortion campaign. At the same time, the S&Ds cover at low prices and lock in their gains.
Stock Market System "Could be in Danger of Collapse"
At least six members of Congress have joined those who are actively pursuing the issue of naked short selling. In an article today from Financial Wire, it was reported that "U.S. Senator James M. Talent (R-MO), the Deputy Majority Whip, in joining four other Senate leaders on both sides of the aisle to question the effectiveness of Regulation “SHO,” has taken his concerns a step further, suggesting that heads should roll at the U.S. Securities and Exchange Commission.
The Financial Wire article continues by saying "'I would hold the various enforcement officers accountable for preventing illegal activity. In other words, firing a few people at the SEC will light a fire under law enforcement more than hundreds of pages of new regulations,' said Senator Talent in joining U.S. Senators Richard Shelby (D-AL), Susan Colins (R-ME), Robert Bennett (R-UT) and Richard Durbin (D-IL) in questioning U.S. Securities and Exchange Commission Chair William Donaldson about what they call the 'failure' of Regulation SHO to curtail unlawful, predatory securities trading."
- BLOGFEST 2005!
Because sometimes we're just
too lazy to write a real article...
- QUOTE OF THE DAY
by Ken Shade
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Investing 101 - May 31, 2005
- Stockgate: Turning up the Heat
by Mark Faulk
In yet another major development in a week that saw several members of Congress join the battle in the stock market scandal that is shaking up the financial markets, a video released by a former broker turned activist, and a planned march on Washington, DC, the President and CEO of a transfer agency that handles the shares for 300 companies blasted the DTC (Depository Trust Company) in a letter to the Securities and Exchange Commission.
"Get Rid of the DTC"
Lori Livingston, President and CEO of Transfer Online, Inc., said in an interview with The Faulking Truth that the DTC and Market Makers are "perpetuating the entire scam against the companies and their shareholders, who are getting creamed". In her letter to the SEC, sent on Friday, May 27, 2005, she says, "As someone who has been in the transfer agent business for 23 years, I am alarmed by recent developments and trends that all work toward a system of increasing positions on the books and records of corporations in the name of Cede & Co. (nominee name for DTC). As the transfer agent for approximately 300 issuers, I am increasingly contacted by these companies as they seek information regarding the stock ownership in their companies and the underlying trading of those shares in the market."
According to Livingston, "these are not pump and dump scams, many of these companies are legitimate companies whose shares are being manipulated through the buying and selling of counterfeit shares of their stock." In some cases, "'arrangements' are being made between brokerage firms to 'loan' shares from one broker to another to cover short positions at a reduced price," so that the broker who was short to begin with can then "replace the 'borrowed' shares on the open market, as they are able to beat the share price down."
The transfer agent's job is to act as a representative for companies who issue shares, and make certain that all "buy and sells of stock are matched up with each other", in other words, that for every share bought, there is an equal number of shares sold by someone else. Livingston stated, in her letter to SEC Chairman William Donaldson, that in the past, all trades were handled by transfer agents, but that "over the years as the amount of shares held at DTC has increased it has become more and more difficult to determine who owns the shares, who is trading them and if the trading is proper".
Livingston said that "now, millions of shares change hands through the DTC, and the transfer agent for that company has no idea who bought or sold those shares, and that often times, the transfer agent didn't trade a share". She questioned the fairness of a system where transfer agents are closely regulated by the SEC, but where the DTC, who now handles the majority of all trades, is "self-regulating", and where all of their activities take place "behind closed doors, and the transfer agent has no idea what's going on".
"Transfer agents used to do all of this - there's no reason that a brokerage-owned organization should act as a de facto transfer agent." When asked what could be done to fix the system, she said simply, "get rid of the DTC. Let brokers deal directly with the transfer agents. Then, every share bought can be matched up with a share that's sold."
In her letter to SEC Chairman Donaldson, Livingston asked about the millions of extra shares that many of the companies that her firm represents, "Where are these extra shares coming from? Why are there no controls on the number of shares held in the nominee name Cede & Co. (the nominee name for the DTC) vs. the ownership on the books and records of the brokers and why is the company not privy to any information unless it pays whatever fees it is told it must pay by the organizations that control the data? There have been a great deal of new regulatory levels of reporting put on companies (i.e. Sarbanes- Oxley Act compliance), but from where I am positioned in the marketplace that does not address what is a far greater problem for issuers shareholders and the integrity of the markets, and that is, who are their shareholders and how are their shares trading?"
She said that her letter was prompted by her anger over a recent press release from the DTC encouraging the elimination of physical certificates, and by a "DTC rule change that prohibits a transfer agent from representing any company who seeks to withdraw from the DTC system." According to Livingston, "This change effectively leaves companies with no voice or choice in the management of their stock and their ability to have any transparency as to what is actually taking place in the market in regard to their stock."
Stock Market System "Could be in Danger of Collapse"
At least six members of Congress have joined those who are actively pursuing the issue of naked short selling. In an article today from Financial Wire, it was reported that "U.S. Senator James M. Talent (R-MO), the Deputy Majority Whip, in joining four other Senate leaders on both sides of the aisle to question the effectiveness of Regulation “SHO,” has taken his concerns a step further, suggesting that heads should roll at the U.S. Securities and Exchange Commission.
The Financial Wire article continues by saying "'I would hold the various enforcement officers accountable for preventing illegal activity. In other words, firing a few people at the SEC will light a fire under law enforcement more than hundreds of pages of new regulations,' said Senator Talent in joining U.S. Senators Richard Shelby (D-AL), Susan Colins (R-ME), Robert Bennett (R-UT) and Richard Durbin (D-IL) in questioning U.S. Securities and Exchange Commission Chair William Donaldson about what they call the 'failure' of Regulation SHO to curtail unlawful, predatory securities trading."
"The current Senate line-up carries significant heft. Senator Collins is chair of the Homeland Security and Governmental Affairs committee, Senator Shelby is chair of the Senate Banking Committee, Senator Durbin is Assistant Democratic Leader and Senator Bennett is Republican Whip. The Senators’ letters are posted at http://www.americaneedstoknow.com "
A sixth Congressman, Joe Wilson, (R-SC) in a letter to an individual investor, says that "'Naked short selling, which is when a broker cannot deliver the borrowed stock to a buyer, has been the topic of Senate hearings regarding it's ethical and legality issues. It is believed that if only a few instances of this practice would occur, the market could handle such losses. But if the practice is widely used and major losses take place, the system could be in danger of collapse."
Stockgate Gains Exposure (But Not From Dateline)
While a video entitled "Where's My Stock?" privately produced and released by a former broker, Darren Saunders, has been receiving extensive exposure on the internet, filming continues on "Counterfeit Conspiracy", a documentary that intends to tell the story about naked short selling that Dateline won't. Dateline planned an expose' on the Stockgate scandal over a year ago, but after several postponements, it appears that they have caved in to political pressure and shelved the project, at least for now. They are, however, airing yet another American Idol interview, this time with Kelly Clarkson, who won the pop singing contest during the show's first season. Dateline producer Sharon Hoffman hasn't responded to our phone calls inquiries about re-scheduling the Stockgate expose', and the show's representatives will say only that "we will let you know" when it's scheduled to air. In conjunction with the "Counterfeit Conspiracy" documentary, a rally has been planned in Washington, DC, on June 6th and 7th.
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(Editor's note: Is it possible that the con artists who oppose cleaning up the stock market are getting a bit desperate? Someone just hacked into our message board and deleted all of the posts, but only on two forums: the two pertaining to Stockgate, "Stockgate Discussion" and "Stockgate Letters to the Editor". We're working with EZBoard to see if we can find out where they disappeared to. It's nice to know someone cares about us.)
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Add your name to our Stockgate Activist mailing list, and voice your opinion on our Stockgate forum on our new Message Board at http://www.faulkingtruth.com/ We will email you only when we have new articles or information dealing with this issue. Please link the articles everywhere you can, post them on stock message boards, and send them to the appropriate public entities. To enact positive change requires positive action.
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Investing 101 Archives:
Financial Terrorism in America (Mark Faulk, Mar 19, 2004)
Pump and Dump or Short and Distort? (Mark Faulk, Apr 18, 2004)
Response From Berliner Freiverkehr and The Berlin-Bremen Stock Exchange (The Faulking Truth, Jun 3, 2004)
The Berlin Connection? SEC and NASD to Meet With German Brokerage Firm Tomorrow (Mark Faulk, Jun 3, 2004)
Is Dateline Losing Credibility Over StockGate Story Delays? (Mark Faulk, Jun 11, 2004)
Who's Looking Out For You? SEC Critics Seeking Investigation (Mark Faulk, Jun 27, 2004)
He Said, She Said: SEC, NASD At Odds Over Status of Proposal (Mark Faulk, Aug 5, 2004)
The Berlin Connection: 250 Companies Out (And Counting) (Mark Faulk, Aug 30, 2004)
Jag Media Case Dismissed by Judge, Citing Filing Deficiencies (Dave Patch, Sep 9, 2004)
A Twelve Step Program to Clean up the OTC Stock Market (Mark Faulk, Sep 14, 2004)
Is Time Running Short in StockGate Scandal? (Mark Faulk, Oct 5, 2004)
Dateline: The Waiting is the Hardest Part (Mark Faulk, Nov 16, 2004)
Death of an Investment Class (Dave Patch, Dec 30, 2004)
Elgindy Trial Illustrates Incompetence at the Federal Levels (Dave Patch, Jan 4, 2005)
The Year of the Investor (Mark Faulk, Jan 5, 2005)
Regulation SHO’s Threshold Lists Leave More Questions than Answers (Dave Patch, Jan 11, 2005)
Feeding the Stock Market Beast (Mark Faulk, Jan 11, 2005)
Economic Corruption US Style (Joel S. Hirschhorn, Feb 27, 2005)
Stockgate Goes to Congress (Mark Faulk, Mar 10, 2005)
The Old Shell Game (Bob O'Brien, Mar 25, 2005)
FINALLY! Dateline to Air Stockgate Segment April 10th (Mark Faulk, Mar 28, 2005)
Dateline Stockgate Update: POSTPONED YET AGAIN! (Mark Faulk, Apr 6, 2005)
Time to Boycott GE, Dateline, and NBC? (Mark Faulk, Apr 6, 2005)
Pink Sheets CEO Calls for Reform in OTC Stock Market (Mark Faulk, May 2, 2005)
National Counterfeit Conspiracy Days, June 6th and 7th! (Mark Faulk, May 15, 2005)
Ninety-Four Trade Days and Counting (Dave Patch, May 25, 2005)
Stockgate: Turning up the Heat (Mark Faulk, May 31, 2005)
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All materials Copyright 2004 FaulkingTruth.com
All Rights Reserved - E-mail Webmaster
you are biased
15 days till launch of pre-paid
The company said it relies on Virtual SIM (VSIM) patented software technology, which replicates the same benefits of GSM/CDMA security and authentication in WiFi phones, to reduced the security and billing challenges carriers face.
The VSIM solution enables non-ambiguous identification of a handset designed to protect it against impersonation, anti-replay and fraud. VSIM exchanges allow for the transport of dynamically updated information regarding user access rights. Usage monitoring and encryption are also part of the package.
"The idea of using a virtual SIM type of technology over WiFi networks makes sense to me," Laszlo said. "And it is likely to appeal to carriers."
billy,its a new article,read it
billy post 4906...breakin his own rules again
why the disclaimer billy?
agreed
SOUNDS GREAT
entirely,
youre just figuring that out about his brain?
LOOKS GOOD!!
your broker can transfer your shares to one certificate which will only cost you 20$ for the whole transaction...just got off phone with integrity
try 20 shares @.0001
If there are buyers for a million shares, they short sell three million into the market, and on and on, until the stock price eventually collapses under the weight of millions and millions (or billions and billions, if necessary) of fake shares flooding the market.
As Chairman & CEO of the Pink Sheets, I know perhaps better than anyone the importance of improving the Pink Sheets and OTCBB trading. And I know the devastating impact that small companies face when their market is tarnished by the threat of manipulation.
maybe the transfer agent was sick of getting calls every 2 minutes about the current o/s
previous post explains the volume
This may only go part of the way toward explaining unusual volume, however. Last week, I mentioned Global Links (OTC BB: GLKCE.OB), a penny stock that has a listed float of a little over 1 million shares but traded many times that volume in a single day despite there being one shareholder who claimed to own the entire float.
Overstock CEO Patrick Byrne has noted seeing four or five times his company's float trade hands in a day. The same thing has happened to other threshold companies.
counterfeit shares
HPON LONGS!!!!!!!!!
go!
get ready....
see....hpon finally captured a deal
FREE HPON PHONE WITH T-MOBILE TERM
screw you bashers
when is the dateline piece gonna air?
im sorry billy...that link has nothing to do with hpon and this discussion board....i just might have to shut this whole board down....im sorry guys
(sarcasm)