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CEO of Netco ?
Show a hyperlink or other real proof of Taylor being CEO please
otherwise - you are incorrect
well you know best eom
I'm not trying to say anything except
"every day since I lost track when" a market participant (s) has been trying to eat thru every share available
rebound ? who suggested that other than you just now
Each sale is met with a buy
Each buy is met with a sale
".........isn't that a normal market"?
Please educate - what WASH WASH WASH are you talking about ?
Well, duh. But it's not a short seller. Because each week, we have a "purchaser" followed by a "seller
I think sleep deprivation has taken its toll
but you are having so much fun with International Pharmacy
I'll keep my comments to myself, with the exception of one
How is IPCY and International Pharmacy SA connected ?
or
Who connects them ?
According to government filings in the case announced today in the Eastern District of New York, International Pharmacy controls and operates approximately 60 websites that illegally distribute prescription drugs to thousands of Americans weekly, grossing more than $5 million in profits over a 10-month period....The indictment charges that the proceeds of the pharmaceutical sales were laundered through seemingly legitimate businesses and by wire-transfers to domestic and off-shore bank accounts under the individual defendants’ control...
Overall, this illegal drug trafficking scheme yielded millions of dollars in profits that were routinely moved out of the United States to off-shore accounts and investments.
What I know ?
I know that there is a never ending purchaser of this
now you know what I know
so you do operate as a group or pool
glad we got that out of the way
so you know about the group short selling account too ?
what did you know ? and when did you know it ?
who do you think has been buying this POS every day ?
Us ... Who is Us ?
Actually I don't care what you or your crew of multi named
handles believe. One liners or not, this alleged scam still has a market participant (s) that have a never ending appetite for this security
Don't it just make you wonder why?
I know why.
People close to you know why
I wonder why they won't tell you
"You don't know anything"
or
"In fact, i think you are related to all of this"
If you knew what I know ...
..but you don't
http:// www. businessjive. com/nss/darkside. html
Numquam ponendo est pluritas sine necessitate
V OT / what's with you and PT'S son?
like no one knows
because Bloctrade is only paid to answer you eom
OT / more fun is I see ;)
I'm sure we are all interested in that - YAWN !!!!!!
OT / scratching my head over that
that must be your flea's are they laying or hatching ?
I don't know
maybe the bash crew arn't Blondie fans.
WELL DONE SON !!! eom
IMO -- this is all good
BTW - EDDY VANCANTUCK -- liquidation of POPC
what did that produce $100K ??
what a Cunning STunt
I don't suppose anyone noticed the other thing
Oh well
gotta hand it to you steve,
you are quite the one man crime wave
glad too see YOU are back posting
i'm enjoying you and andrew's split personality show
and the ARSE touch - very clever grasshopper
i'm going to europe to short the p!$$ out of a few scumbag deals. frankfurt - the new vancouver
LoL
Not me, but im flattered eom
them its time to hire an "Oklahoma" Attorney eom
# 0118 636 - 06/13/2001
LOL
it's called 'lurking'
Thankgoodness I'm not in South Florida
Your Questions ?
No on all counts
gee what a sideshow eom
interim
serving during an intermediate interval of time; "an interim agreement"
the time between one event, process, or period and another
why was taylor "let go over one year before?
The Moldovans reconsidered and "begged" taylor to come back and run the company ?
______
Maybe someone got paid ?
Just a thought
wrong - try again eom
It would appear that when the form 15
was filed Taylor was "interim ?" President
But was replaced the day after with a new
President - Jon Miller
!!!!????!!!
SEC Form 15-12G:
"Terminates Member from SEC fully reporting status"
Is it your contention that Telatinos
formally Milagro "authorized" a billion shares ACTUALLY TO SOMEONE ?
Mr Mooney
Under what circumstances did you meet PT/ invest in FCOM and why were you an investor, IE what were your expectations ?
Do you know the name Dr James Roberts ? and what is/was his relationship to FCOM?
Do you know the name Lee Duran ?
Do you know the name Christine O'Connor ?
Other than your Plaintiffs judgement against FCOM, do you have any stake or shareholding in this company ?
Do you know the name Steven R. Choti ?
Your Right
We dont need Steven
STOCKGATE TODAY
Time to InvestigatetheSEC.com; $1 Billion Investor Fraud Orchestrated by SEC
Now I am not one to say I told you so but…yea maybe I am.
For the past several years I and a growing number of concerned investors have lobbied for a formal investigation into the Securities and Exchange Commissions participation in covering up massive securities fraud. We started out quietly but soon we orchestrated an on-line petition and gathered momentum. People from across the nation and across the globe came but Congress ignored our requests. Now Congress can’t deny it any longer. It is no longer just investigatetheSEC.com but ‘Time to investigatetheSEC.com’.
On Monday the news that rocked Wall Street was involving one of the largest commodities brokerage houses, Refco Inc.. Refco announced they had placed Chairman and Chief Executive Phillip Bennett and President Santo Maggio on leave regarding 4430 million in undeclared debt. Striking was that this news comes only 8 weeks after Refco Inc. went public under a heralded IPO brokered by some big Wall Street Institutions. The $22.00 August IPO grew to a $30.00 stock in no time.
By Wednesday the Department of Justice was holding a press conference announcing the criminal indictment of Chairman and CEO Phillip Bennett for securities fraud. At the root of the problem was this mysterious bad debt of $430 Million that suddenly surfaced in the Refco books. The debt had originated from a Bennett private firm; a firm managed by Santo Maggio, and was undisclosed at the time of the IPO. This debt reportedly dating back to 1998 and is identified as bad “uncollectible” debt associated with Hedge Funds.
The impact this issue has brought to Refco Inc. shareholders as been boggling. The once $30.00 stock now trades at $10.85 representing over $1 Billion in investor losses since Monday.
Who then is to blame for this most recent investor debacle? Who is responsible for the $1 Billion in investor losses? It would be easy to blame Bennett for his actions but that would be small minded. The real criminals are part of your Federal Government, the Securities and Exchange Commission. They orchestrated this entire debacle.
Time to investigatetheSEC.com.
The story of naked shorting, stock manipulation, and the Securities and Exchange Commission complacency runs deep. It runs so deep that Refco Inc. has reportedly covered up over $500 Million in bad debt, mark-to-market value on today’s stock prices, since 1998. Just last month Bennet had as much as $115 Million of the debt quietly paid down by an unnamed source presumed to be New Jersey Hedge Fund Liberty Corner Capital who was reportedly hiding this debt over the years.
Refco is presently sitting on $430 Million of bad debt associated with unsettled trades executed for hedge funds. The actual value of the debt, mark-to-market at the time of trade, is probably closer to $500 Billion than $500 Million. In other words, Refco sold $500 Billion worth of stock naked short over the years and has never covered the trades. The fails in the system represent the debt remaining on the present day value of the stock. The Hedge Funds have all but disappeared with the money on the short sale leaving the debt to Refco.
So how is it the SEC hasn’t picked this up before?
I believe they have. I believe they not only knew about Refco’s bad debt but know of many other Wall Street Institution debt of this general nature and they tried to cover it up under Regulation SHO.
In February 2003 the SEC concluded a multi-year investigation into the short-selling stock manipulation of Sedona Corporation (OTCBB; SDNA). The result of the SEC investigation was a $1 Million fine against now defunct Rhino Advisors for illegal shorting and stock manipulation.
As part of the investigation the SEC uncovered audio recordings of Rhino Executives bribing US brokers to manipulate Sedona’s stock. The SEC handed these audio recording over to the Department of Justice which led to arrest warrants being issued against Thomas and Andreas Badian. According to the arrest warrants, the audio recordings captured the bribes taking place and captured Andreas Badian telling the brokers to “sell the stock with unbridled levels of aggression” [naked short]. The recording later captured Badian congratulating the brokers on “collapsing” the stocks.
Can anybody guess where those brokers were employed?
If you haven’t guessed by now a source has confirmed they were in fact employed at Refco. The SEC handed over to the DOJ audio recordings of Refco Brokers being bribed to manipulate Sedona. And about those naked shorts used to manipulate Sedona?
For the SEC’s part in this awareness of the near destruction of an American Business, the SEC did nothing. Earlier this year Refco announced in one of their filings that they had received a ‘Wells notice’ from the SEC and was “nearing settlement for their participation in the short selling of Sedona and other matters. Refco reported to have aside $5 Million in liability. Refco also announced that President Santo Maggio would be suspended from administrative tasks for 1 year.
But doesn’t a Wells Notice indicate you uncovered something? It could not have been based solely on the audio recording of bribery and stock manipulation because that is old news – better than 2 year old news. The SEC could not be still negotiating a settlement of stock manipulation based on hard evidence gathered years ago could they?
No way. The SEC must have known about the bad debt, the unsettled trades, and the naked shorts. They have spent 4 years reviewing the case and they had to have more than just the audio recordings or the enforcement would have been settled long ago. The SEC requested trading records for their investigation and most certainly uncovered that trades have not been covered even after all these years.
It is my belief that the SEC fully knew of this bad debt, and all the other bad debt that is visualized by the daily publication of the Regulation SHO threshold list. Hundreds of companies listed as trading on excessive shares that fail settlement. We have already obtained under previous court order, trade records in Eagletech Communications (EATC) where the SEC was aware of trade fails lasting 250+ days and excused the activities. These trades executed short at near $11.00/share and only covered a year later when the stock reached a mere $.0.50.
To address the magnitude of this fraud, industry wide, the SEC incorporated a special clause in the June 2004 short selling reform, Regulation SHO, which hid this bad debt and violated the laws of the Securities Exchange Act of 1934. They created a ‘grandfather clause’. That is right, what was done before can not be touched but what takes place today can no longer be accepted as it was in the past. The ‘grandfather clause’ was intended to hide the bad debt and it may have worked had the auditors of Refco not uncorked the news.
So how does the SEC let a company go public while they are negotiating a settlement with the executives for their participation in stock manipulation and securities fraud? I am not sure but those now sitting on $1 Billion in losses in Refco should certainly be asking those questions. The SEC certainly orchestrated their losses. Refco never should have been allowed to go public.
While you’re at it ask the SEC how many other Institutions are they aware of that have similar bad debt associated with failed trades.
For the DC Beltway, Congress and specifically Senate Banking Chairman Richard Shelby (R; Al) have purposely avoided this subject matter of naked shorting. They have acknowledged that people, issuers, and State Regulators are concerned about the impact the abuse has on our economy yet have taken no actions to date. The Senate Banking Committee approved Regulation SHO and the ‘grandfather clause’ without regard to those who have suffered under the practices the clause was intended to cover up. With the Refco scandal now before us they can hide no longer. Chairman Shelby owes the people and certainly the investors of Refco an explanation as to why this happened. Why the SEC was allowed to cover up securities fraud.
As one who has been mocked repeatedly by the main stream media, I now laugh at how you professionals missed what a mere amateur has scooped you on for all these years. Where you waited for the event to unfold, I found the event and presented it. My “Timeline to financial terrorism” articles of years past are now historical reference to what you all overlooked – willingly.
To the SEC who has ostracized me for holding your feet to the fire, I will now seek the justice of accountability. Government immunity does not prevail over intent to defraud and with SHO there was intent. Mark my words the questions will come and the answers will box you in a corner. The evidence will show that the intent of the ‘grandfather clause’ was to protect the $430 Million liability of Refco and all the other Institutions carrying similar liabilities. A liability that will only grow as the mark-to-market value of these illegal trades grows as companies prosper instead of fold as you expected.
Folks, Congress it is ‘Time to investigatetheSEC.com’. Any further delays simply risk the investments of the remaining investors of these markets. This week was a $1 Billion hit, how many more weeks of this can we handle?
For this investigator and amateur writer, I will not stop until it is finally over. The people of this nation and globally who trade our markets deserve a federal Agency committed to our protection.
shareholder advocate - EVEN? LoL
.11 and rising
shortie caughtie
:)
cost to carry leverage ?
oh dear
ora possiamo cominciare
Who is MW ?
you should know and its "duel" eom
go pray
As an old hand at 8K offensives -- you should know
Time to turn on Alydar and Maninfla isn't
How about CuriousGail
Toast
BTW -
Big Eddie Says: http://alex.golub.name/log/?p=369
August 22nd, 2005 at 9:26 am
Heheh, you know this sounds like the Doug Spink I worked for about 1.5 years. The guy is one of the most brilliant, ruthless, narcissistic, perverts I ever met. Of course at the time, I didnt know anything about the animal stuff other than I knew he breeded dogs and horses. I was at his mansion or ex-mansion south of Forest Grove one time and saw stuff than proved to me he was a bit off, but nothing having to do animals. How long will he be going to jail for on the cocaine thing, anyone? I haven’t seen or talked to him in over 2 years and didn’t even know about the cocaine or animal thing until I just stumbled on to post. I actually hung out with him quite a bit during a period of time but I don’t really think I knew him. He was interesting to talk to but I could tell he operated 2 lives. I actually would like to find out if he really has an MBA from Chicago like he always claimed. Heheheh. Don’t get me wrong, he is smart enough for an MBA. Other than screwing me out of job at GI JOES that I really didn’t want anyway, he never did anything to me personally. Oh wait there was that check he wrote me for doing some work for him that bounced. Oh well, not worth even remembering. Lady that sold him the Horses, good luck. This guy spent most of his time in litigation… and enjoyed it! Really sad if you ask me, if it wasn’t for the cocaine thing and the stuff you guys are alleging about the animals he could have had a good life. He had the drive and intelligence to do amazing things. I do personally know what its like to be addicted to adrenaline rushes, 1 airplane and 3 totalled cars later…luckily I grew up.
Imagine you are black and
you have nothing to sell
Im sorry ;;
Substitute the Words _ Investor / Shareholder for _ Bag holder or Baghandler in my previous post