T M M Inc (TMMI)

[Stewguts]

I have been posting for many years regarding the naked short position caught within TMMI's share structure and the evidence supporting my stance is undeniable. What follows is factual.

Counterfeit stock or phantom shares are electronically created to overwhelm a market in order to manipulate the share price to an artificially low price or in some instances destroy a company altogether Most often, these naked short positions were kept open in extreme cases in order to destroy the targeted companies. This was a well-kept secret from the public until the crash came along in 2008. It was only then that the SEC was forced to admit that in fact, this type of activity took place. The loophole that was used to carry out this nefarious activity was dubiously named by the SEC "The Madoff Exception" until for obvious reasons, this reference was removed from its website. Until this event took place it was commonplace for targeted companies to have in excess of their authorized capital to be naked short. The crash forced the SEC to reign in this activity with the introduction of REG SHO regulation.

Unfortunately in TMMI's case it didn't go far enough.