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The first launch of PayChest Inc was a trial run to see where most of PayChests customer base would be responding from.
The "launch" announcement was just more BS from the master of misleading PRs.
Note that there hasn't been a PR since. I suspect the SEC is riding herd on our little friends.
Where's the article?
Don't forget that pesky little SEC investigation....
I've heard a rumor that you are replying to messages from Pearl's hubby.
lol, that is indeed something I've been wondering about.
The rumor here in Toronto is that Kolt doesn't open the door to the office.
Is he even in there? Sooner or later he's gonna have to respond to requests for preferred certs.
we'lll have him RIGHT where we want him??
lol, right now he won't even answer the phone.
Oh my....
It works the other way. Preferred gets converted to common. See Pearl's PR on the subject. The conversion rate depends on how long you hold the preferred.
lol, that'd be KOLT Curry.
Is it responsible for all the companies listed on the Reg SHO list? 125 companies listed for over 13 consecutive trading days.
Companies shouldn't really end up on the SHO list because people are shorting against toxic paper. In most cases, that's legal, though it shouldn't be.
As for the companies that are on the SHO list, the Nasdaq and NYSE issues, as exchange-listed stocks, aren't likely to have entered into toxic financing agreements; usually they can find other ways to get money. Their presence on the list isn't necessarily due to naked shorting, either; there are many reasons why there may be persistent fails in a stock.
Bear in mind also, that 125 stocks out of the thousands that trade in our markes ain't very many.
If brokers don't let you buy a stock, that's because they know something you don't like the price is going to take off.
Do you just make this stuff up? If brokers won't let your buy a stock, it's because they feel they have a potential liability if they sell it to you.
Have you noticed that when you buy a stock its price tends to go down and when you sell a stock, its price tends to go up...
Maybe you're just a lousy trader. Do you seriously believe YOUR trade makes any kind of difference when a stock is trading hundreds of millions of shares a day?
I believe amount less than .0001 are .00009 and downward, why would they be rounded.
Because that's what they do. We followed it for a long time with CMKX. 0.00005 to 0.0001 will show as 0.0001. Anything lower than 0.00005 will show as 0. If you want an exact figure, call your broker.
Since you are so down on fraud it seems strange that you would think it is OK to sell something you don't own.
Do you protest because your bank uses your money for its own purposes?
Jenna ??????????
Jenna's quite active here: http://www.investorshub.com/boards/profile.asp?user=4454
She has her own board:
http://www.investorshub.com/boards/board.asp?board_id=460
Jill Munden got divorced--you'll recall she married a CMKI (I think) executive and moved to New York for awhile. She's now back in San Francisco.
Should Pearl be ashamed of any past involvment connected to HISC direct or indirect...
I'd say yes. The chart is pathetic:
http://finance.yahoo.com/q/bc?s=HISC.PK
KKPT has done somewhat better, and certainly had one spectacular run:
http://finance.yahoo.com/q/bc?s=KKPT.PK&t=2y&l=on&z=m&q=l&c=
It did not, however, pay two 1:1 dividends. It did a single 2:1 forward split, on 11/1/2004:
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=KKPT&OTCBB=False
I plan to pan for gold when I reach the Phillippines. I hope to see some of that platinum lying around too.
Be sure to take plenty of sunscreen and bug repellent.
Thus, if many people got screwed by NSSers, there may be lawyers who would like to help them dealing with super rich MMs or who ever the culprit(s).
No. As I explained, the NSS suits have gone very badly for the plaintiffs so far. Lawyers only work on contingency when they're very sure they'll win. O'Quinn miscalculated. I think initially he didn't understand the difference between naked shorting and shorting against toxic paper.
And then his first and highest-profile client, Gary Valinoti of Jag Notes, got slammed by the SEC bigtime, and now owes millions in fines.
LOL!! I'm a virtuous person; I never pump.
lol, I wonder if they'll be able to get in touch with Kolt Curry. No one else has had any luck.
But if you have strong case and proof, maybe many lawyers would like to handle it because if you win, the loser (NSS) will pay all the legal expenses.
Nah, the Mighty O'Quinn thought that at the outset. He actually did take some cases on contingency. All but one, I think, have been thrown out of court, and he's stuck with his expenses.
Nobody else is gonna do that.
"NSS" stands for "Naked Short Selling". The Get Shorty guys have succeeded in starting a cult. The whole thing's been blown up outta proportion to what actually happens. The people behind it are promoters and CEOs of crappy little companies that need an excuse to cover their own incompetence, or, in some cases, greed.
The real problem isn't naked shorting, but toxic financing. The companies don't like to talk about that, though, because they're complicit in it.
Thus, If someone bought PAIM common stocks before the record date for the dividend and does not get the dividend because of NSS, can the person look for justice (e.g. sue an institution) which one?
Theoretically, yes. But I've followed a lot of these stories, and in reality there's never any shortage of certs.
Note that it will also end up being rather expensive.
Even if I mention to him a dozen companies that went bankrupt because they were delisted...
Then name those companies, and we'll find out if they really did go bankrupt. Somehow I think you'll come up empty.
How many SEC agents have been charged of selling short a stock just before accusing its management of some kind of wrong doing.
LOL!! Certainly the practice isn't widespread. There are a few bad apples in every barrel.
I see you've entirely bought into the NSS conspiracy BS. You'd do better to learn how the markets really work.
Why are the common shares needed to be delivered in form of "hard copies = papers"?
It isn't the common that has to be delivered in cert form; it's the "preferred" issued as the divvy.
I don't know the reason for this, if in fact the report from Scottrade is true. The preferred doesn't have a ticker, but that's not necessarily an impediment: CMKX managed to distribute its CIM divvy in electronic form. CIM is a private company. But then maybe DTCC learned a lesson from that.
I wonder if it might also have to do with the fact that the TA, American Heritage, is Canadian.
Yep.
Short selling also prevents pumpers from artificially raising the share price much higher that if there were no shorts. Shorts actually protect you in some ways.
Huh? What she posted was perfectly clear. DTCC won't be having anything to do with the divvy. So it's the TA's responsibility to find out what shareholders are eligible for the divvy, and then he must send out the certs.
If Sue's broker is right about that, be prepared to wait awhile.
It's also expensive. Maybe Urbie doesn't want to cough up.
Indeed thousands such companies go bankrupt every year thanks to the naked short sellers (ask Altomare from USXP, I think he keeps records).
No they don't. We were discussing this on another board recently. Finally someone came up with ONE bankruptcy filing. Generally speaking, these companies don't have any assets, so there'd be no point filing for BK.
lol, and you actually believe what Captain Fluffy says? How's that SEC lawsuit coming along? 117 counts of fraud against Altomare.
As I said earlier, who heard of anything like that: selling something you don't own and worse: selling something that you don't even intend to own ever?
Think of your bank account. You think the bank doesn't borrow your money?
PAIM shares are not eligible for electronic transfer by DTC, therefore physical certificates will be physically sent to scottrade by issuing company.
lol, I guess Pearl didn't know that.
perhaps US citizens could go down there and pay PAIM to get the experience of panning for gold.
You can go to Alabama and, for a small fee, hunt for diamonds. Somebody found a pretty big one recently. But I don't think the program is making gazillions for anyone. Helps pay some of the maintenance fees for the park, I think.
Another solution could be to demand that they outlaw short selling altogether.
Short selling has always been part of the financial markets, and it always will be. It serves a useful purpose by promoting market efficiency.
If you don't understand this, you should do some reading.
Why doesn't anyone bring up Adatom.com?
Adatom its bazillion spinoffs, and Sandy Winick were discussed here early on, and I'm sure they'll come up again.
I'll take Number One:
1. The crew gets eaten by cannibals/werewolves/zombies/mummies
It'd definitely put Bre-X in the shade.
LOLOL!!
Just like the 1849 Gold Rush Bonanza in California, Pearl Asian Mining Industries (PAIM) sets out as the Pioneer in the mining developments, environmental safety and community developments.
You learn something every day. I hadn't been aware that the '49ers were into environmental safety and community development.
Nobody noticed or did anything about the billions a well known contractor LOST in Iraq because if was just too much trouble to account for it.
Ive seen were gov contractors because of their actions, should be culpable for the DEATHS of people among other things on some contracts on remote islands Ive been on. I was there at the time. But NOBODY cares ! Nobody did anything about it, they still operate, recieving MORE contracts making more money off the backs of tax paying americans. Nobody bashes them or crusades against this real injustice.
Lots of people are aware of this, and they do care. Halliburton was in the news every day for months on end. Unfortunately it's difficult to call such companies to account when high-ranking government officials have a vested interest in their success.
The cert counter died. R I P .
Strange, eh?
Here we have Pearl's once and perhaps present husband:
Vice President
*Dr. Tzemach "Ben" David Netzer Korem, Ph.D.(h.c.)
Chief Of Staff
Governor Of The Territories Of The Dominion Of Melchizedek
The Honorable Generoso Garcia Gamboa gene@melchizedek.com
Acting Minister Of Foreign Affairs
Tzemach "Ben" David Netzer Korem
tzemach@melchizedek.com
And a Gamboa called "Gene". Any relation to Pearl?
http://www.melchizedek.com/executive_branch.htm
That link didn't work for me.
It didn't?? I'm surprised. Works just fine for me. I tried it again from my own post.
Will you suggest that she is faking being less than professional to con people?
That could be one interpretation. And playing up the religious angle is always somewhat suspect.
Yes, I don't either but there is no evidence that DOM has ever been invovled in money laundering, HYIP schemes, or other forms of fraud.
If you actually believe that, then you haven't read all of the available lit. They issue their own treasury bills, and they use 'em like money. That's not fraud? And what about that little documents scam in the Phillipines? That's not fraud?
There's lots more out there, if you look for it.
And don't forget that Pedley/Korem is a convicted felon.
I can offer one example, though. Back in 2000, HITT hired a couple of people to interact with investors. They were paid in stock but weren't actually employees. lol, they disclosed all over the place. Paragraphs and paragraphs attached to every post.
And then after a few months they quit. Never said why. But then HITT most definitely was a scam.