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It's good to see that some people here do get it. It's all really quite simple. The demos om the TMMI website speak for themselves. High definition video streaming at under one megabit a second!
All this other stuff here is just noise for the sake of making noise.
This post of yours should be directed to the Tom Simpson victims and not TMMI Mr. Ben Stubbs. Get your facts straight. Just because you and your friends have made some back alley deal with tommyboy doesn't give you the right to try and extort TMMI for your highly suspect transactions. You may want to provide documentation of your transaction that shows you have made any kind of deal directly with the company before you make these types of very public false accusations against TMMI.
I wonder if Detective Roger Nusbaum is aware of your involving him in your attempts to extort TMMI?
Not a smart move stubby.
It can't be any more clear than this.
http://www.tmmi.us/Showcase.aspx
Anyone with half a brain can see this is for real.
Your MO is clear enough to anyone with any common sense reading your posts. Repeat a lie often enough eventually it becomes the truth.
Your beef is with Tom Simpson not TMMI. End of story.
How convenient of her, was it a telepathic transfer?
Just for the record stockmavin, when did you take over as moderator for this board from Janice Shell?
A DAY OF RECKONING
I believe the naked short position is a massive one and when TMMI's TruDef is released it will be a nuclear event for the criminals behind this massive fraud that has been perpetrated against the shareholders of this company....
Dr. Jim DeCosta
January 9th, 2009 at 1:52 pm
http://www.deepcapture.com/940-million-holes-in-the-wall-whither-short-sale-ban/#comment-143319
Any solution to the abusive naked short selling crime wave we are in the midst of has to involve a “day of reckoning”. There is absolutely no way to get around this in order to end the perpetual nature of this particular fraud. The immense amount of readily sellable “securities entitlements” currently manipulating the share prices of victimized corporations downwards can only grow UNTIL this invisible toxic waste is forcibly removed from the share structures of these corporations under attack. That’s clearly the only way that the purchasers of these securities can finally get delivery of that which they purchased. When abusive naked short sellers absolutely refuse to deliver that which they sell there is only one cure and that is via forced buy-ins of these “open positions”.
About five years ago the SEC openly admitted that the number of failures to deliver (FTDs) and the readily sellable “securities entitlements” they procreated had gotten so far out of hand that they needed to be “grandfathered in” with regards to Reg SHO in order to avoid the untoward “market volatility” associated with buying-in these refusals to deliver that which was sold. One must not overlook the irony involved when the party congressionally mandated to provide “investor protection and market integrity” refers to the forcing of those that absolutely refuse to deliver that which they sell to finally deliver the shares sold to their purchasers as involving “untoward” consequences. Was this a Freudian slip by a regulator clearly “captured” by the financial interests of those they are supposed to be regulating?
Without a “day of reckoning” associated with buying-in these open delivery obligations the “house of cards” forming the foundation for our clearance and settlement system will get even higher and that much tougher to deal with. The cover up frauds that have been perpetrated to deny or to hide the existence or the pandemic nature of the underlying fraud are no longer sufficient as this cat is pretty much out of the bag. The ability of the SEC to rein in this as well as the myriad number of other securities frauds has been pretty much exposed. The assumption that this industry with trillions of dollars up for grabs could “self-regulate” was insane. Every time an investor tries to exercise one of the rights associated with this “package of rights” we refer to as a share of a corporation a cover up fraud needs to be committed to cover up the fact that mere “securities entitlements” have no rights attached to them. Recall that they’re simply an accounting measure and only the board of directors of a corporation can issue legitimate “shares” of a corporation with its “package of rights” tightly attached.
To illustrate one of the cover up frauds needing to be constantly perpetrated picture a corporation “Acquiringco” (“Aco”) launching a tender offer for “Beingacquiredco” (“Bco”). “Aco” has 100 million shares issued and outstanding with all of them being held in “street name” at the DTCC. They have no outstanding naked short position. “Bco” also has 100 million shares outstanding with all of them being held in “street name” at the DTCC. They currently have an outstanding naked short position of 80 million shares being held amongst DTCC “participants”. These 80 million “securities entitlements” are being represented on monthly brokerage statements as “securities held long” by the brokerage firms hosting the investors’ account.
Let’s assume Aco’s tender offer of 1 share of “Aco” for every share of “Bco” tendered has been approved. The transfer agent of “Aco” will issue a certificate for 100 million shares of “Aco” to the DTCC to be distributed to the holders of “Bco” on a one-for-one basis. Obviously there won’t be enough shares of “Aco” to be distributed to the buyers of the 180 million shares of “Bco” sold. How does the DTCC handle this disparity? Do they buy-in the 80 million FTDs of “Bco” to make up for this disparity? No, remember that they plead to be “powerless” to effect buy-ins. What they do is to allow their “participants” that refuse to deliver these shares to the NSCC as the CCP (central counterparty) to the trade to credit 80 million “securities entitlements” for shares of “Aco”. Aco’s board of directors thought that it was paying 100 million of its legitimate shares for the acquisition of “Bco” and that they would have exactly 200 million “shares” outstanding after the acquisition. They were wrong because they now have 200 million readily sellable “shares” outstanding PLUS 80 million readily sellable “securities entitlements”. If bad news should befall “Aco” that results in 10% of its investors selling their shares then 28 million shares will be dumped onto the market and not 20 million.
Would the BOD of “Aco” made this acquisition if they knew the truth about the 80 million “securities entitlements” worth of toxic waste that was hidden within the share structure of “Bco”? Who knows? Should “Bco” be held liable for this fraud? Of course not, they knew nothing about the 80 million readily sellable “securities entitlements” poisoning their share structure. The party owed delivery of these failures to deliver is the NSCC which acted as the CCP to the associated trades. Note that even if the acquisition was accretive to earnings the share price of “Aco” will go down since “supply” and “demand” still interact to determine share prices via the “price discovery” process. Have you ever wondered why the price of an acquiring company almost always “tanks” after the acquisition?
Why didn’t the NSCC force the buy-in of the naked short position prior to the acquisition? Because it was not in the financial interests of its abusive participants and if they would have then thousands of short squeezes could be induced via similar methodologies. They were forced to cover up this fraud because one of the rights associated with legitimate “shares” is the right to partake in tender offers and acquisitions and they know that none of those mere “securities entitlements” have any rights whatsoever.
Note that the terms of the acquisition were one legitimate “share” of “Aco” with its “package of rights” intact to be given to the “Bco” investors on a 1-for -1 basis. “Securities entitlements” are not legitimate voting “shares” of a corporation. When it comes to voting rights how is the NSCC going to allocate the 200 million voting rights to the investors in the 280 million “shares” and/or “securities entitlements”? What kind of a cover up fraud is going to be necessary? Which particular investors will get their voting rights diminished? Will these shareholders be compensated for this invisible theft? Will it be all investors in a pro rata manner or just the ones who use clearing firms with massive amounts of delivery failures on its books?
The point to be made that is until there is a “day of reckoning” these frauds can do nothing but spread geometrically and ensnare that many more U.S. investors. Imagine the surprise in store for any company taking over “Aco” in a similar share swap takeover. Is this not “the fraud that just keeps taking” UNTIL a day of reckoning occurs to finally end the bloodletting?
Note that most businesses have “month ends” and “year ends” to reconcile accounts in order to detect frauds. The NSCC in charge of covering up the fraudulent behavior of its abusive participants instead has “continuous net settlement” where this is no date to reconcile accounts. In the last 5 years since the attempted “grandfathering in” of FTDs any relatively clean players on Wall Street would have voluntarily cleaned up their naked short positions. The naked short positions in existence now are clearly those belonging to the hard core criminals. The beauty of mandated buy-ins is that they act like a heat-seeking missile and they selectively land squarely in the lap of the party pulling the trigger on the abusive naked short sales. All of the market intermediaries that “facilitate” these frauds will stand to the side and watch.
The various regulators, SROs like the DTCC and FINRA and exchanges no longer have any safe middle ground to occupy in this regard. Now that the cat’s out of the bag you’re either part of the solution or part of the cover up.
None of you cowards have the guts to post the "Boeing scientist statement". How very interesting Janice.
Why am I not surprised....
Send it to rizbon@yahoo.com.
I didn't think you would post it and I'm not into your silly little games Janice. I know why you're here.
Please post the "statement" Janice. Show us what's so interesting Janice.
Email sent, look for rizbon.
Your desperation is really showing now.
No need to bother with the guy bobwt. It's obvious his comprehensive skills are limited and we both know TruDef will blow the video compression world away.
Let him rant on. He thinks his rants make him look good.
Wow, you really know your stuff. Looking forward to your continued commentary here that demonstrates your market savvy and brilliance.
No he is quoting the TMMI website. What's represented on the website is for the record Janice.
You figure it out.
For all true TMM shareholders,
http://news.yahoo.com/s/nm/shortselling_pitt_dc
By Martha Graybow
Mon Jul 21, 11:43 AM ET
NEW YORK (Reuters) - Emergency action by regulators to rein in abusive short-selling in some large financial firms should be expanded to include the stocks of all public companies, a former top markets watchdog said on Monday.
Former Securities and Exchange Chairman Harvey Pitt said the SEC's emergency order that went into effect on Monday would help in "restoring legitimacy" to short-selling activity but should go even further.
"It's something that is very good of the SEC to have done," he told Reuters in an interview. "They can't do it across the board without going through formal rule making, but I do believe that they need to expedite that."
The SEC last week announced an emergency measure applying to stocks of 17 Wall Street firms, as well as U.S. housing finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N) as a way to curb manipulative short selling. The emergency action can last up to 30 days.
The commission's move has drawn complaints, including from the banking industry, which wants the protections extended to all banking companies. The SEC has said it will consider rules to address short-selling issues across the entire stock market.
"Any cut less than the whole is going to be perceived ultimately as arbitrary," said Pitt, now head of financial consultant Kalorama Partners in Washington. "My own view is they couldn't do all of the public companies in one fell swoop. They made what appears to me to be a reasonable cut, and hopefully they will expand it across the board just as quickly as they are able to do it."
Short sellers borrow shares they think are poised to drop in price and then sell them, hoping the stock will fall and can be repurchased at a profit. A "naked" short occurs when an investor sells stock that has not yet been borrowed.
Under the emergency rule, a short seller must borrow the securities before executing the short sale. It also requires the investor to deliver the securities on the settlement date.
Pitt, who was SEC chairman from 2001 to 2003, said that after the September 11, 2001 attacks roiled financial markets, many companies urged the commission to outlaw short selling entirely. But he said the practice is ultimately helpful to ensuring markets run properly.
"Short selling provides extra liquidity in the market," he said. "The goal isn't to prevent short selling. The goal is to make sure that people who sell short will have the means to settle their trades when they are supposed to be settled."
(Editing by Brian Moss)
OH PUHLEEZE POST A BID JEFFREY, MAKE THIS DEAL "FOR REAL".
You keep on begging Jeffrey for that elusive bid. ROTFL!!
I'm here because Jeffrey R. Bruhjell is a low life POS who has ripped off a lot of people while posting on the TMMI board incessantly for the past eight years attacking the company and people with lies and misinformation. He thinks he won't be held responsible for his activity but he will soon find out that he is in serious trouble.
I will keep posting the truth about him until he is jailed for his fraudulent activity.
TEN CENTS KNOCKS OUT THE BID @.0001!!!!!!!
MR. ZERO BID DOES IT AGAIN!!!!!!
ROTFLMAO !!!!!!!!!!!!!!!!
SEC Subpoenas Wall Street's biggest firms and hedge-fund advisers in Hunt for `Manipulators'
http://www.bloomberg.com/apps/news?pid=20601087&sid=ansrs4i.J_Ek&refer=worldwide
includes
...More than 50 hedge fund firms (some are named in the article) received subpoenas from the SEC...
...The SEC won't limit its focus to individual investors, and will likely sift for ``communications that would suggest traders got together and coordinated efforts for a particular security,'' ...
... also discusses the short selling order requiring
..."anyone making a short sale to first ``borrow or arrange to borrow'' the securities and then deliver them by the settlement date. It applies to shares in 19 companies,...
...Naked short sellers don't borrow shares, which means they can drive down prices by flooding the market with orders to sell shares they don't have....
re "naked-short chickens" come home to roost
Roel Campos, a former SEC commissioner now at Cooley Godward Kronish in Washington, in an e-mailed response to questions, said:
...``Small public companies have been complaining for years about the abuses of naked and illegal short selling,''...``The new attention by regulators has occurred when those naked-short chickens came home to roost with Bear Stearns and now Lehman.'' ...
ends with:
SEC Chairman Christopher Cox telling the Senate Banking Committee :
...``More of these cases have to be brought,''... Historically, ...``it has been difficult to parse where rumors start and where they are being spread,''... Now, technology is ....``permitting us to trace back through e-mails and instant messages to the very individuals who have manufactured intentionally false information,'' ...
So Janice, for the record are you suggesting that TMM is a "penny trash" stock?
You shouldn't have any problem posting his name and contact information and let's get him on record. Let's find out what is really being said.
Funny you should say that Janice. I take it that you don't see any problem selling phantom shares to the unsuspecting public. I think you are part of this market sub-culture that believes that they are above the law. Selling unlimited amounts of non-existent shares of a company is fraud Janice. The party is over.
"But I'm afraid I'm just NOT INTERESTED ENOUGH to follow the trades."
Interesting comment coming from Janice, isn't this why you started this thread? And yes as for the MM's not much has changed except I think they hit their limit on this one Janice. The technology is very real and that's what will ultimately spell your Market Maker friends demise. The value of this technology will soon be determined and it will certainly be worth more than what the artificial market cap on this stock is now. You may want to educate yourself on what this technology can do Janice, it may just save you some embarrassment down the road.
The regulations have become somewhat stricter since 2005 with the introduction of Reg SHO, which hasn't really stopped the daily fraud as far as I'm concerned. You have avoided answering me when I have pointed out the suspect trades Janice. I know it and you know it.
C'mon Janice, you know very well what i'm talking about. This stock was heavily shorted during the millenium run when there wasn't any restrictions on Market Makers selling stock without having to borrow it. The brazen manipulative uneconomic daily downticking trades continue to this day and you know it Janice.
It is going to trial Janice.
1stdeal is Jeffrey R. Bruhjell A.K.A. Mr. Zero Bid.
Why don't you ask him yourself?
You should also take note that the Overstock lawsuit is now going into discovery. You do know that this is a major victory for the plaintiffs don't you Janice. I also like how the fact that an extra TWENTY MILLION SHARES than were issued and outstanding were voted at the shareholders just glides by you.
Sure there is no naked shorting Janice, sure there isn't Janice. You are so obvious.
There is only one person authorized to conduct business on behalf of the company and it is Mr. Fernandez as per the court ruling. I suggest you email the company and inform him of your claims. I'm sure Mr. Fernandez would like to know the details of your alleged "dealings".
Your experience is not with TMM, it's with some individual outside of the company. I think your "tmm op" has some answering to do especially if you have given money without signing a subscription agreement.
You do know that in order to receive shares for a private placement you need to have a signed subscription agreement from the company don't you?
If you don't think naked shorting exists, think again. Please take note who the defendants are......
Taser counterfeit shares-80M voted but only 60M exist
Lawsuit Filed Against Major Financial Institutions Alleging a Conspiracy to Engage in Illegal Naked Short Selling of TASER International Inc. and to Create, Loan and Sell Counterfeit Shares of TASER S
ATLANTA, May 28 /PRNewswire/ -- Today the legal consortium of The O'Quinn Law Firm and Christian Smith & Jewell, both of Houston, Texas and Bondurant, Mixson & Elmore, LLP of Atlanta, Georgia filed a Complaint in the State Court of Fulton County, Georgia on behalf of certain shareholders of TASER International Inc. ("TASER") against eight of the largest Wall Street firms, including
Bank of America Securities LLC,
Bear Stearns Securities Corp.,
Credit Suisse USA Inc.,
Deutsche Bank Securities, Inc.,
Goldman Sachs Group, Inc.,
Merrill Lynch, Pierce, Fenner & Smith, Inc.,
Morgan Stanley & Co. Inc.,
UBS Securities LLC.
The Complaint accuses the defendant firms of engaging in a conspiracy to manipulate the market for TASER stock through naked short selling resulting in the creation, loan and sale of counterfeit TASER shares. (Naked short selling involves the practice of selling stock short without borrowing or otherwise obtaining shares of that stock. When a defendant firm short sells shares of TASER stock it does not possess or intend to obtain, that sale can result in the creation of counterfeit shares because the short seller is in effect introducing additional shares into the market rather than engaging in a transaction using existing shares).
According to the seventy-page Complaint, the defendants' illegal naked short selling of TASER stock flooded the market with counterfeit TASER shares. For example, although in 2005 TASER had authorized and issued only approximately 60 million shares of common stock, more than 80 million votes were cast at the company's annual meeting.
The Complaint accuses the defendant firms of violating Georgia's Racketeer Influenced and Corrupt Organization (RICO) Act. "These are not isolated incidents: we believe the trading data evidences an ongoing and coordinated effort to violate securities and other laws," stated Attorney Wes Christian.
The Complaint describes the various means the defendant's have allegedly employed in an effort to conceal their unlawful conduct, including citing instances where the defendant firms have marked short sales as long positions, submitted inaccurate short interest reports and inaccurately netted short interest positions against longs. The Complaint also identifies specific instances in which defendant firms have been fined by securities regulators for this very conduct.
According to the Complaint, by creating, loaning and selling counterfeit shares, the defendant firms have diluted TASER stock and artificially depressed its value, harming TASER shareholders. Attorney Christian promised: "We will work tirelessly to redress the wrongs that our clients have suffered."
SOURCE Christian Smith & Jewell; Bondurant, Mixson & Elmore, LLP
If you think that you are going to get an honest answer from a brokerage firm about naked shorting you are sadly mistaken. Have you taken the time to learn how the system really works. I strongly suggest you take the time and utilize these links...
http://www.squeezetrigger.com/promo/BloombergTVBuyinsNet.wmv
http://www.businessjive.com
You may learn something.
There is an old short position that dates back to 1999/2000 that has never covered and was exacerbated when an unscrupulous custodian illegally issued 176 million shares through a 504 reg D offering of stock that was to be used to flood the market and ultimately eliminate what I believe is a massive "grandfathered" undeclared short position. Fortunately the President of TMMI acted swiftly when he discovered what had taken place and contacted the SEC directly and stopped what could have been the death knell for TMMI. Through the ongoing court case all the stock that the custodian had fraudulently issued to herself and her partner was canceled and there remains another 27 million shares that the judge has ordered to be returned. The DTCC has issued a "global lock" as a result of the illegal shares that made its way into the system. TMMI is looking for the return of these illegal shares and I believe that this may be the tipping point to what was already tenuous short position that needed to be dealt with by DTCC. What the short position didn't expect was the intervention of the SEC stopping what in effect was a robbery in progress, something rarely if ever seen here in pinky land.
Add to this nuclear mix the disruptive technology that TMMI possesses (TruDef) and you have the makings of repeat spectacular run that I believe will surpass the old highs and likely become a buyout target.
The shorts are gonna get slaughtered. Count on it.
If no one gives a "flying flip" about this company then why did you start this thread Janice?
TRUDEF IS VERY REAL AND THEY WILL NOT STOP THE INEVITABLE!
TMMI has been heavily shorted and there are people out there determined to destroy this company. Fortunately they will not succeed.