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Thursday, 02/19/2004 10:30:08 AM

Thursday, February 19, 2004 10:30:08 AM

Post# of 34625
NASD and SEC must stop stock market fraud and not extend it for a further 5 weeks to April fools day.

Here's the crux of the matter …

It's not rocket science. More like musical chairs. It was inevitable that this problem would finally be exposed. It's securities fraud on a MASSIVE scale. IMO. And it has gone on since the birth of short selling. In the market there are 3 sets of buyers ...

1. Those whose buys are balanced by legitimate shares that make up part of the float.
2. Those who buy legitimate shorts. If you sell short legally, SOMEBODY buys the shares you have borrowed to sell short.
3. Those who buy illegal or 'naked' shorts.

If you are a buyer you have no way of telling which category you are in. On the counter side there are 2 sets of short sellers ...

A. Those who sell short legally, and
B. Those who sell without giving notice or without borrowing shares.

The B. people are selling counterfeit shares or account credits .. plain and simple. If a dividend or bonus is to be awarded to company shareholders, there are more shares (the total of 1, 2, and 3) out there than the company is aware of compared to the smaller total that the company has on their list of shares held by shareholders.

When the music stops, there are a lot of people who will not get the dividend. Jag Media (JGMHA) is leading the parade to expose this basic fundamental flaw in the market system .. which equates to fraud by those who own the system … THE BROKERS !!!!!!!!! I M O.

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