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Oh my god, investorman. And the sheep listen to that crap?
Just-you really don't understand IPO's, do you? Have you seen the required form 10 filing yet?
Bout time, Power Forward, and they went several layers deep I see. Firestone, the "consultant" who put the deal together even got named. He is in tight with Russian organized crime.
Too bad that the Isreali's didn't get named too. They, through the Swiss "enterprise" corporation were the real money behind the deal.
Nothing, nufced. It will be retried. It wasn't dismissed. Did you miss that detail?
Nufced-does the mistrial apply to the ones who fled the country or pled guilty?
Stoc-yeah. A while back WillySlime was pushing some 4x scam site that he was getting referral commissions on. If there is anywhere the CMKX crowd doesn't need to be, it's 4x.
It's not a matter of a "difference of opinion," Jan. It's simply Willy's well documented multi-year history of being a paid shill for scams and his SEC conviction for selling unregistered securities.
So, nufced, what do you make of frizzell's claim of credible evidence of a two trillion naked short in the same month that his FOIA data showec a three hundred buck FTD at months end?
Be specific, dear.
Dick-It would also lead to your ass being seriously kicked by race fans. Ya don't touch a man's truck!!
A little c. austin "bud" burrell info from mark cuban's blog:
A few weeks ago, I learned that shares of one such company, Private Trading Systems Inc. of Scottsdale, Ariz. (Pink sheets: PVTM), were being offered to European investors by an apparently fictitious brokerage calling itself Anglo Swiss Consulting (fictitious in the sense that it is not registered with any nations regulatory agency and that its Internet site is something of a Potemkin storefront.)
When I looked into Private Trading Systems, I noted that its chairman, chief executive, treasurer and corporate secretary is none other than C. Austin Bud Burrell, whose dire warnings about naked shorting have been featured at NCANS.net, on the Bob OBrien blog and similar Internet sites.
Much more info at the link:
http://www.blogmaverick.com/entry/1234000137073540/
Panther-here is a link to Gary Weiss's blog, which also contains a link to Mark Cuban's blog. It's in the "Balony Brigade" section.
http://garyweiss.blogspot.com/
Sane old facts, nufced. You did look at Frizzell's FOIA data, didn't you? And you do have your Pink Sheets e-mail, don't you?
GTC-no brokerage could have ever "naked shorted" CMKX. Not a single one made a market in the stock.
GTC Since most of the get shorty crowd consists of penny and subpenny stocks that would be precluded from being held in State pension funds, I don't think that theory of yours is going anywhere.
You might want to check up on the issues at Gary Weiss's blog:
www.gary-weiss.com
Shadowwatch-It's looking pretty much certain that Downs has a shell and is going to "sell" the burglar alarm business to himself.
He has a couple of problems, though. The new SEC regs on reverse mergers/acquisitions require a ton of financial disclosure on the part of the surviving/acquiring company, and I don't think he wants to do that.
He will never get a pay date until he discloses just exactly what this mystery dividenc actually is, which in my estimate will be 144 restricted shares in a dormant reporting shell with no trading volume and a consequently artifical price of record. One of those ask $1.25 bid $0.0001 jobs with the last trade a year or two ago.
Then again, maybe it really is the $1.25 disney admission discount coupon.
Yes, they did, Nufced. But they were able to obtain a New York court order to comply based on their Florida action. Connecticut and Utah have no actions at issue to my knowledge. They are just trying to go fishing outside of their pond.
What is it with scam artists and NASCAR? I'm sure that the drunk Daytona fans will make it a point to write the address down immediately upon seeing the ad.
If downs syndrome wants exposure, why isn't he paying for google sponsered searches?
No, Gump, I don't. I do, however, see data from multiple sources that conclusively prove that the "get shorty" claims are mass hysteria and/or deliberate attempts to distract attention from the real problem in penny land-pump and dump fraud, money laundering, and organized crime.
You might want to read Mark Cuban's blog today. It has an interesting entry about C. Austin "bud" Burrell.
No it won't, Jimmy. The DTCC has received-and rejected-numerous subpoenae. That's all that will happen here.
Investor-In the case of the DTCC, which is Federally Chartered, but private, the issue of standing goes more to the issue of the reach of authority of the State regulators, which in most cases stops at the state line.
There have been several rulings, most recently in Nevada in the NPCT case, that states do not have the authority to meddle in the affairs of the DTCC. That ruling is under appeal to the Nevada Supreme Court, and I expect it to be upheld.
Also without a stated cause of action, regulators cannot simply go on fishing expeditions. The SEC, for example, does not even have subpoena power until it has initiated a formal investigation and notified the targets of such.
This stinks of Byrne (Utah) and Lambiase (Connecticut), who has fallen under the thrall of Patch for some obscure reason. When Lambiase's lame-assed attempt to raise the issue of naked shorting at the called regulators meeting was blown out of the water by SEC testimony, I guess he decided to take another tack, and is trying the theory that he has authority because four Connecticut companies were "effected".
Expect the regulators to push back hard on the get shorty movement at some time, probably sooner than later. The DTCC has no intention of complying with this grandstanding, and I have heard-unconfirmed-that the subpoenae were summarily rejected.
The irony here is that the SHO data that the DTCC/NSCC hold so close to the vest could blow this movement out of the water. It would not have to be real time data-which could artifically influence the markets-but even detailed data released six to nine months after the fact would thoroughly debunk the cultish claims, and allow for some interesting research.
Astonishing. "The Belgians" have seemingly started a pal talk room and are claiming an upcoming thirty trillion dollar settlement. And some people are buying it!!
Connecticut and Utah wouldn't surprise me, although not the AG of either who clearly understand that they no jurisdiction outside of their state, or at least they should understand that.
Those two securities commissioners might make a lame run at it, however. Lambiase of Connecticut is brain dead and has fallen into the get shorty cult, and Byrne probably has enough pull in Utah to send that commissioner off on a wild goose chase. However, they would have to attempt to exert their authority through state courts unless they filed suit in Federal court, and state courts do not have the authority to compel the DTCC to do anything or have jurisdiction over DTCC activities. The NPCT get shorty suit dismissal in Nevada hinged on that issue.
As to the NASDAQ being in Connecticut, so what? It is an exchange. I believe GTC has it confused with the NASD, which is charged with regulating securities dealers.
Whick states would those be, GTC, or are you simply passing on rumors?
v26-not exactly, although it is regulated by the SEC. Absent a suit, however, state regulators simply don't have standing. Even if there were a suit filed, it would not be an "investigation," it would be a legal claim, and as several recent rulings have stated, it would have to be filed in the Federal court system.
And, of course, FCP requires pleadings to state with specifity and fact the nature of their claim and their cause of action to even get to discovery. None of the private suits against the DTCC has yet been able to do that.
The New York AG could -if he could show probable cause that a NY law had been violated- investigate the DTCC since it is domiciled in New York, but nothing in State securities commission charters would give them that authority.
One little problem with the scamwire report, jimmy. State agencies do not have the power to "investigate" Federal agencies. And a "multi-state task force" has no legal standing whatsoever.
TSX-it's even worse than that. Harris Interactive doesn't do random samples, but rather presents the "survey" to people who sign up as panel members, and some subset of those members will choose to take the survey, which was constructed by the person paying for it in this case.
O'Henry does irony, enlightened. You post stupid things and then backpedle when called on them.
GTC-what is misleading about this post? Do be specific:
No, nandpg, if you sold me cert #1,000 the TA would issue me the next sequential cert, be it #1,001 or #1,000,000.
Beat down what, jand? It was a question. And by your own post it was answered accurately.
Great products on that downserstan site:
Dazer Ultrasonic Dog Deterrent
Stop threatening dogs in their tracks! The Dazer prevents attacks by warding off approaching dogs up to 15-20 feet, using an ultrasonic frequency inaudible to humans
No, nandpg, if you sold me cert #1,000 the TA would issue me the next sequential cert, be it #1,001 or #1,000,000.
Jmh-that is a paid puff peice rag, not an independent trade journal.
That was from yesterday, penny. Do you think the media missed it? Yak hasn't been accurate in five years.
LOL, I just looked at the Bio-Track flagship. It's the same technology used in Texas drivers licenses for years, and it ain't IDWD tech. It's off the shelf mag stripe crap.
Tell me, enlightened, if Downs had all of these successful ventures prior to going public, including a HLS business worth $40 million plus for a minority share sale, why did he decide to go public in the first place? Companies only go public for two reasons; to raise capital for expansion, which according to Downs' story he didn't need, or to monitize insider holdings. When they go public accompanied by multiple promoters pushing the stock, and the company provides zero information about operations, guess which reason leaps to mind.
Or does Downs simply want to be a good guy and give away a "dividend" that he already owned?
Boy, "bomart" you have kept this alias in reserve for a long time. Guess what sparky: no SHO list, no short.
That's a lie, jimmy. They were revoked, and dropped the appeal. Probably because Urban stiffed StickMan.
It's a public board, rich. Use a PM if you don't want to chance a response.
The entire site is a scam, which you could easily verify by letting your fingers do the walking.
Rick-just pick ten dealers at random. 995 is nothing but a site that uploads syndicated ads and gets paid a small fee if somebody clicks through and actually buys a car. There are virtually NO paid ads on the site, and the traffic is nothing but people responding to spamming of the stock by clicking on the site to check it out.
It is a pretty good story, Janice, if only to illustrate the SEC sleeping at the switch while the payroll train is diverted to Mexico.
The predessor company was busted by the SEC for promoting the value of its dirt-pile in Arizona with totally bogus assays. Furlong, the CEO was charged with fraud (his case comes up in a month or so) and the registration of the shares was revoked. If memory serves, the assay guy was charged too, but I think he subsequently died.
Then, as if by magic, the same dirt RM'd into a shell and became NMCX, which promptly announced that an un-named buyer had agreed to pay a half billion for the same worthless dirt. That announcement and aggressive shilling and claims of a soon to be released audit pumped the price up to a penny or two while Furlong dumped billions of unregistered and unreported shares.
The current "CEO" is a Nashville, TN. bible thumper whose credentials consist of running a fake community foundation that served mainly to funnel contributions to his personal ministries, and who earned the distinction of garnering cease and desist orders in seven or so states for ripping off old people by selling them "christian" annuities.
The company claims to be mining, but the State of Arizona has received no production reports, and has declaired the dirt to be of no economic value whatsoever.
And all this while the previous Scam Executive Officer (and majority shareholder) awaits his fraud charges for pumping the same dirt.
I'm from the SEC. I'm here to protect you.