GBT Technologies Inc (GTCH)

[luckydude777]

Without answering you in BOOK LENGTH fashion ... were you around playing the stockmarket in late 2003 - 2004? If so, do you remember "Stockgate"?

Stockgate was the title they gave to this shady issue of MM's, off shore edge funds, and yes ... STOCK BROKERAGE FIRMS here in the U.S passing along shares they actually never HAD for shorting purposes, and/or even perhaps manipulating share price/s if they wanted to.

It was to be a lawsuit against this "very shady" way of being able to short stuff without needing legitimate shares to borrow from your "trustworthy" broker. The lawsuit claimed that brokerage firms were loaning out shares to short by borrowing them from other brokers if necessary to fill orders. However - the "allegation" of the massive lawsuit to be was that brokerage firms were LYING about the whole matter, and essentially they were "fanthom - digital" shares that didn't really exist that they were loaning out in many cases.

NBC was going to run a 2-hour TV special on this whole crooked mess of "phantom short shares" but then by around 2004 it was announced that they were going to cut the 2 hour public special to 1 hour.

I posted much more in those days and told the world you'll never SEE the "Stockgate" special released on public TV, or any place ELSE. It would get buried!

Which is what happened.

I'm sure some of the old timers could add chapters to "Stockgate" but suffice it to say I was and am fully convinced our gubment gives MM's and off shore hedge funds the key to Ft. Knox when it comes to the "Shock market."