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Gee, pauly,not a word in that article about naked shorting, was there?
Pauly-why are you re-posting acca's attention seeking lies?
Gump-what about the oil shales? What's the recovery cost for them?
Ask Kevin about the Hand up foundation, bob, and about the theft conviction.
HANG IN THERE GUMP. IT'S ALL PART OF THE PLAN, AND FRIZZY AND THE TRILATERAL COMMISSION ARE GETTING READY TO SPRING THE TRAP!!
TO DA MOON!!
Not really, break. While the style may be similar, Lee's stuff is actually fact checked. Keven the felon simply makes it up.
And Kevin runs a bogus charity, too. Quite the fellow.
That's not an article, Pauly, it's typical undocumented NSS propaganda.
Ask Kevin to tell you about his felony theft conviction in Texas, btw.
Midas-does your broker have any eggplant recipes he/she would like to share with the community?
OT-matrix, do you get extra pay for on-call duty? I might be interested in pulling a shift or two. Nothing much else to do in this Iron Lung.
Master-Maybe because after Bennett's private briefing he found that he had been scammed into making a fool of himself in public, and let the issue drop?
VA-I wonder if they are claiming that the guaranteed pump and dump blueprint he sold them was defective?
Did you guys actually read the case you keep posting? The request was originally based on illegal insider trading claims. It has zip to do with "naked shorting".
You are welcome, worshipper.
Just an observation, nuffie. It's a maxim in the field that boarderlines like you suck up to sociopathics like hippie.
As the night follows the day.
Of course you adore him, nuffie. Boarderline personality disorders are attracted to sociopathic men.
It's a lie on your part, gump. Grandfathering applied only to MM delivery requirements, not calculation of the SHO list.
It's that simple.
so, kiwi, cmkx isn't on the sho list why?
Brainey-educated people don't fall for perpetual motion machine scams.
Jimmy-the question is how much did Overstock make on the deal, not that you got a bargain.
Yeah, symp. Well, either the CEO lied in the interview, or he lied in his SEC filings.
You pick, sparky.
Oddly, janice, no. It was a reporter I don't know, RODDY BOYD. I correspond with chris with some regularity, and I'm surprised he didn't cover the story.
Janice-here's a little piece on Halpern from my good friend, the gonzo gorilla:
Circle Group Holdings (AMEX-CXN) has come a long way from its origins as a penny stock whose primary-and negligible- source of revenue was a mattress store sold to the company by CEO Greg Halpern's father. Despite an accumulated deficit of $25 million, funded over the years by unending and relentless dilution of shareholder equity, the company has managed to gain a listing on the AMEX and, depending on its volatile share price, has sported a market cap of hundreds of millions of dollars.
Fueling this explosive increase in market capitalization and its move from the stinking slum of the OTC-BB to an exchange listing was the company announcement last January that Swiss food products giant Nestle's had signed an agreement with Circle Group subsidiary FiberGel Technologies to supply Nestle with Z-Trim, a zero calorie fat substitute on a "long term basis." However, information recently obtained by GGN indicates that, unlike diamonds, a long term relationship with Nestle is definitely not forever.
Z-Trim is a USDA developed fat substitute produced from corn husks. The product languished in obscurity for years following its development until CXN purchased the license rights to it from UTEK, a "technology transfer" corporation. The Z-Trim license is not specifically itemized in the company's June 30, 2004, but may be reflected in the balance sheet entry of $500,000 in "intangible assets."
Internet rumors began circulating last week that Nestle had stopped using Z-Trim in at least one, and possibly all of their product lines. Although GG attempts to verify this directly with Nestles have as yet been unsuccessful, we did ask the Internet watchdog publication Our-Street.com if they had information that could confirm or deny these rumors. [Our-Street.com featured CXN and CEO Halpern unfavorably in a publicized complaint submitted to the US Securities and Exchange Commission by Our-Street. They are currently involved in litigation with CXN regarding the report. Halpern has also filed suit against Yahoo for allowing message board posters to say mean things about him.]
Our-Street forwarded to us without comment a series of e-mail exchanges between Our-Street editor Timothy Miles and Nestle's communications and media spokesperson Loretta Ivany. Ms. Ivany stated, in an August 24 response to Our-Street, confirmed in late September, that:
Dear Mr. Miles: Thank you for your inquiry. I can report to you the following: Nestlé's Hand-held Foods Group is no longer using Z-Trim in the current manufacture of its LEAN POCKETS® brand sandwiches.
Loretta Ivany
Manager, Communications/Media
Nestlé USA (Solon)
email: loretta.ivany@us.nestle.com
voicemail: 440-264-5180 fax: 440-498-7754
address: 30003 Bainbridge Rd., Solon, OH 44139
We also received an e-mail from an investor who had inquired of CXN investor relations which Nestle's "pocket" products used Z-Trim. Although the investor relations spokesperson declined to comment directly, he supplied a link that featured the Lean Pockets product.
Has CXN lost its flagship customer for Z-Trim? Was that customer relationship ever even significant, since CXN's June SEC filings showed revenue actually declining for the quarter? Since investors have been enthusiastally hooking their wagons to the Nestle star, should the company have informed them of this development in an 8-K filing? Or was the contract not material to start with?
The company, while busily issuing a blizzard of press releases touting the Z-Trim product and its new entry into the home security market with a radioactive anthrax vacuum cleaner, has been strangely quiet about Nestles. This may not be Denmark, but something is rotten.
cc:sec.gov
Hey!! You are saying FAKE isn't real?
Who changed their tune, billy? Delivery fails are trivial, and since the MM exemption was removed they have declined dramatically.
And, of course, none of the penny scams hollering naked short show up on the SHO threshold list.
Here's a better one, gump. Byrne is a certifiable wing nut:
From today's NY Post
August 14, 2005 -- Patrick Byrne blew a gasket last week.
Byrne, the chief executive officer and founder of Web retailer Overstock.com, took to the airwaves and Internet on Friday and very memorably discussed the lawsuit his company filed against a local hedge fund and an independent research firm.
It was arguably the strangest performance by a corporate executive in recent memory. During the Webcast, he discussed a wide-ranging, interlocking series of relationships that, he asserted, actively conspired to depress the price of Overstock's equity.
Not content with arguing that the stock dropped to $46.87 from a high of $77.18 in January due to misplaced beliefs or fears, Byrne blasted a "Sith Lord" that, he claimed, coordinated the actions of several hedge funds and much of the American financial press.
He declined to identify the "Sith Lord," but described him as "a master criminal from the 1980s."
In the middle of the discussion, Byrne said that the SEC is informally investigating the company but declined to elaborate.
As if that wasn't strange enough, Byrne entitled his analysis of the so-called conspiracy, "The Miscreants Ball," a word play on the famous Drexel Burnham investor conference known as "The Predators Ball." He outlined a scenario whereby Rocker Partners, a hedge fund that generally shorts stocks it deems overpriced, fed misleading research from Gradient Analytics — an independent research firm based in Scottsdale, Ariz. — to a gullible and conflicted media.
In turn, the media, including organizations like The Street.com, CBS MarketWatch, Forbes Magazine and The Wall Street Journal, did the bidding of Rocker and wrote "hatchet jobs," he claimed.
David Rocker, general partner of Rocker Partners, was traveling and unavailable to comment.
Central to Byrne's analysis of media culpability was the alleged cooperation among traditionally bitter rivals. For example, he argued that in February, MarketWatch's columnist Herb Greenberg stopped writing about Overstock because "the assignment got passed" to Street.com Real Money columnist Jeff Matthews. Matthews, who runs a hedge fund, RAM Partners, would not comment other than to note that the linkage to Greenberg was "incredibly strange."
He added that he did not know any "Sith Lord."
Matthews, in addition to running a hedge fund, also runs a blog. In it, Matthews criticized Byrne for being excessively concerned about the role of short-sellers, and noted that "Byrne exhibits all the signs of a CEO with something to hide."
While noting that he worked with Rocker a decade ago, Matthews also criticized Byrne for spending so much time discussing short-sellers. He has no position in the company.
Aiding the multifaceted conspiracy, Byrne said, are the conflicts of regulators. The CEO singled out Attorney General Eliot Spitzer, because he went to law school with Jim Cramer, an owner of Street.com, and had been an investor in a fund run by Cramer. A spokesman did not return a call inquiring whether Spitzer knew of any "Sith Lord" in this context.
Those were among the more lucid components of his presentation.
In one memorable sequence, he connected The Wall Street Journal columnist Jesse Eisinger to the harassment of a 70-year-old woman in Las Vegas. Later, he alluded to a baton being passed to Carol Redmond of Dow Jones Newswires, and began a discussion of how her French background affects her ability to cover Overstock.com accurately.
Redmond, Byrne said, took the phrase "he took a bath" to mean he frequented "gay bathhouses." In an attempt to clear up any misconceptions, he said he did not.
Later, Byrne argued that "as a libertarian, I don't care if anyone thinks I'm gay." Appropos of nothing, he also said he wasn't "a coke head."
The Journal's Eisinger declined comment, as did MarketWatch's Greenberg. Redmond was unavailable to comment.
A spokesman for Overstock said that Byrne was committed to standing up for the company and "righting wrongs where he sees them." The presentations, the spokesman said, was not part of the long-range public relations strategy of the company. He said that Byrne, to his knowledge, is not currently under any psychiatric care and that he was sober when he gave the presentation.
Byrne's lawyer, Wes Christian, said that he understood how many reporters and investors could be confused or dismayed by the presentation. He said his later appearance on CNBC made his case better.
That's paranoid tripe, NSS, particularly the "foreign exchange" red herring. Here, for example, OSTK's entire 2005 trading history on the Berlin exchange (prices in euros).
Date Open High Low Close Volume Adj Close*
7-Jul-05 31.49 31.94 31.49 31.94 150 31.94
15-Jun-05 32.55 32.55 32.00 32.00 200 32.00
9-Jun-05 32.61 33.10 32.61 33.10 100 33.10
And the penny and sub-penny scams howling "naked short" don't trade at all.
So, diamond, care to post a single documented fact in the "miscreants ball" fantasy?
LOL, penny. You really have not a clue how things work, do your?
God, this is lovely.
http://www.bachcentral.com/invent/invent1.html
Check your meds, hege. Do you know what the entire market cap of the bb and stink sheets is?
Didn't think so.
OT Transcript of Byrnes' well-developed delusional system.
http://www.shareholder.com/overstock/downloads/TranscriptLawsuit.pdf
He may piss some of these people off enough to draw a counter-suit.
Nemo-unless those institutional shares are restricted the float is a lot higher now.
Master-you might want to check actual filed information. Byrne has been known to be less than truthful.
Gump-it's true it's a $45 stock. The sharestructure information is wrong:
Share Statistics
Average Volume (3 month)3: 550,872
Average Volume (10 day)3: 644,911
Shares Outstanding: 20.31M
Float: N/A
% Held by Insiders4: 35.73%
% Held by Institutions4: 44.10%
Shares Short (as of 12-Jul-05)3: 6.53M
Short Ratio (as of 12-Jul-05)3: 14
Short % of Float (as of 12-Jul-05)3: 51.70%
Shares Short (prior month)3: 6.96M
http://finance.yahoo.com/q/ks?s=OSTK
Nobody gets flamed for posting facts, hippie. However, when you post a blatant lie like "the SEC prevented the company from filing," expect to feel some heat.
And pointing out that CMKX is not on the SHO threshold list isn't a stale retort. It's a FACT that the cult of the naked short can't get around.
Right, hippie. Multiple federal agencies, the NASDAQ, the NASD and other sinister parties are actively conspiring to suppress the evidence of a "naked short" in a non-reporting pump and dump scam.
You do realize how foolish that belief is, don't you?
That's absolutely untrue, hippie. All companies that are required to report, whether or not they were compliant, were SHO eligible prior to April 13. Since then all securities are covered by the SHO list.
Have you ever even read the regulation or looked at the list?
Well, jimmy, for openers you have the SHO list confused with buy-in procedures, which are separate. The SHO list simply reports all stocks that have fails to deliver greater than .5% of their OS. IF CMKX has a huge "naked short", then it would have a huge fail to deliver position, and be listed on the threshold security list.
The fact that OSTK is listed kinda screws up your own argument, eh?
Worthless, billy? Care to back that up with specific facts?
Here's a fact, billy. CMKX is not and never has been on the SHO threshold list.