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Re: righty post# 34503

Saturday, 03/24/2007 1:41:08 PM

Saturday, March 24, 2007 1:41:08 PM

Post# of 38584
KEEP IT UP RIGHTY!!!! I HAVE BEEN TRYING TO GET THIS MESSAGE ACROSS FOR A WHILE. I EVEN WROTE THE WHITEHOUSE, AND THE ATTORNEY GENERAL...SEE BELOW:

TO THE PRESIDENT OF UNITED STATES with cc: to VICE PRESIDENT @whitehouse.gov
Subject-- SEC Reform--Executive Order 12866

DEAR SIR: I am sending to you today information on the inside workings of one of our supposedly more responsible regulatory agencies since theSEC has decided to suspend from trading 35 companies in a massive crack down on investment spam.Since your executive order has been accepted operations have been put in place to implement "Operation Spam-alot". In its latest round of closures it has crippled these 35 companies more than it will ever do them good.Please allow me to share the comments of a group of investors from IHUB- EQBM message board,some 80- 100+,who are now injeopardy of loosing everything they had ever invested. The average investor needs to be protected from many sources and our opinion the SEC is this protector. Thanks...

Recently the SEC announced 'Operation Spamalot' during which the trading of 35 companies was halted due to what they stated was repeated spamming campaigns. I am a shareholder in one of the company they have targeted, Equitable Mining (EQBM). From publically available information, myself and other shareholders of EQBM can find no reason why EQBM was included in this effort. By one site's account, only 8 spam e-mails have ever been recorded for EQBM, the latest of which was over 14 months ago. On the other hand, the SEC has looked past 19 of the top 20 recorded spam offenders, some of which number in the 1000+ offenses in e-mails. To date, the SEC has been unresponsive both to EQBM's shareholders and to EQBM's CEO as to the real reason why they suspended trading of this company, and is why the shareholders have now turned to their representatives to try and find some understanding in their actions. I appreciate any information that you or your staff may be able to provide regarding this matter.
Apart from the devastation the SEC's actions wreck on the shareholders and companies, there is mounting evidence that Operation Spamalot is a hoax. Possibly to deflect some of the attention placed on the SEC because of recent "stock shorting" scandals.

Please note that most of the stocks on the list (including EQBM) do not spam in any significant way. At the same time, many more heavily spammed stocks are ignored by the SEC.

See, for instance, this link:

http://www.investorshub.com/boards/read_msg.asp?message_id=17725043&txt2find=spamnation+

This link compiles the spam emails of stocks on the SEC's 35 offending companies and compares it to spam emails received by stocks generally. Only one of the SEC's 35 is among the worst offenders and four have sent ZERO spams! (Note: EQBM is very low on the list with only 8.)

I would ask you to note that even the SEC does not claim that the companies themselves sent these spam emails, but that they are the victims of “boiler room” operations. Thus honest companies and small honest investors are devastated while no action whatsoever is taken against the accused perpetrators.

I ask finally that you note the small size of these companies as compared to the fanfare and press exposure the SEC has given itself. I submit that, far from protecting investors, the SEC has merely rounded up the usual suspects in an effort to mask the fact that it is not fulfilling its role as regulatory watchdog and it has done so to the financial detriment of many small, honest investors.
It appears that the SEC's motives for the suspension were not on our behalf, rather the opposite, akin to the DTCC's chill on the Soma divis. ie: That powerful people were caught in NSS in the divi snafu, and the suspension may provide a means for them to cover EQBM cheaply on the gray market, and possibly cover Soma divis if EQBM suspension concerns can downdraft SA1.

Call it conspiracy theory if you like. But also consider this week's conviction of Scooter Libby. Corruption exists in gov't, always has and always will. And money & influence buy corruption.
Also contacted in this matter:
Senator Charles Schumer (D- NY) 202-224-6542 202-228-3027 http://schumer.senate.gov/SchumerWebsite/contact/webform.cfm

Senator Hillary Rodham Clinton (D- NY) 202-224-4451 202-228-0282 http://clinton.senate.gov/contact/webform.cfm

Representative Michael Arcuri (D - 24) 202-225-3665 202-225-1891 http://arcuri.house.gov/IMA/issue_subscribe.htm

Also The U.S. Attorney General's Office

Date:3/11/2007


EVERYONE READ THIS:

Folks out of curiosity I just completed an exhaustive six hour research project on the 35 companies suspended for trading.The results are unbelievable and yet anyone can retrace the steps I took and confirm it for themselves.Of the total number of companies, only a handful, only four, were really operating an apparent business and not scams in my opinion.
All thirty one others were total scams and bs companies, many of them had no current ihub board whatsoever and most of them had no ihub activity following its progress and no posts for up to six months from any investors. So it is dubious to think that these absolutely dormant stocks were targets of spam campaigns, no freaking way is that true,in my opinion this entire SEC action was designed to hurt just four companies and hide that fact by including thirty-one others who have no real business operations.The funniest result which became apparent is that all four were suspected of having massive naked short seller positions,and in fact all four had recently taken some action which if left unchecked could create serious problems for the NSS crowd,for example, one company decided to reverse split big time, but not just the outstanding shares. ALL of the authorized and outstanding is apparently being reverse split,another company announced a symbol and cusip change which is an obvious problem for shorts.Another issued a dividend, trading on a foreign exchange several months ago and to this day the DTCC has failed to deliver the actual dividend certificates because simply said "there are not enough certificates to go around based on what the brokers claim to have in their customer accounts" so the DTCC said it "chilled" the dividends until further notice, wow, "chilled"(EQBM) anyone can verify my research by simply going down the symbol list from the SEC announcement and check the ihub board for each, then spend some time researching the stock, its press releases, its posting history and whatever you can find on pinksheets.com. You will soon realize what I just realized, this whole thing is one of the biggest scams I have ever seen perpetrated on innocent investors and small emerging companies, no less by the SEC.It was vey cleverly designed to try to camouflage the real intent by including these handful of companies in a larger mix of scammed companies and thereby trying to hide the obvious from the public.Again, the stated reason for the suspension, which was clearly identified by the SEC as spam campaigns that could hurt investors is a bunch of krap,over half the companies on that list were not actively followed by any investors and the vast majority of them were dormant forgotten pieces of junk that no one was interested in and the few that were included, all four of which had real business operations and intentions for success were all targets of massive naked shorters.But don't take my word for it, do the research yourselves and see,
I just hope that this blows up in their face bigtime, I am looking forward to watching the NSS special on Bloomberg TV at 7PM Eastern on Tuesday, I hope they rip into it really hard.


ONE MORE TIMELINE THEORY:


1. Overstock spear headed this NSS issue and everyone thought the CEO was crazy and that NSS/FTD's/phantom shares did not exist.

2. Then the SEC finally admited that the NSS issue could exist but only a very small amount.

3. Then the SEC came out and said that it does happen more than they thought but not near as much as indicated.

4. Then the SEC came out with REG. SHO.

5. Now we have recently had the SEC issue a grandfather clause on all the NSS prior activity. Thats because they know they can't prove it, and don't want to get caught with their own pants down.

6. Now you have the SEC being pressured to overturn the grandfather clause.


7. Throughout all of this, we can see that these NSS companies were seeing some covering by the shorts, but no big deal because the public hadn't really caught on.

8. Then, we can see that as time went on and the public caught on, those NSS companies stock would jump rather big when the shorts started to cover.

9. Then, we can see that even more NSS companies were addressing the issue in even beter ways and the stock would jump huge when the shorts covered! This was due to retail X shorts buying the shares at the same time.

10. Then we started to see those companies being moved to the "greys".

11. Then we started seeing the brokers not allowing trading on these companies.....I think it was Pavis that went HUGE!!

12. Now we see that these NSS companies are having their trading suspended before they even get the chance to push/force the NSS to cover!! HMMMMMMMM

13. Can anyone imagine the ramifications IF the SEC/DTCC/Government/markets were to be exposed as to how long and how big this theft on the American people has/is????

14. This is why I believe the powers that be have been/are trying to kill this movement before it heats up too much more!!

15. The shareholders/companies involved in this NSS debacle NEED to contact the right people! Such as John Q Quinn/ Bob Obrien of the "Sanity check"/ Dr. Decosta/ and anyone else with the power/voice that can make things happen!!!