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Re: redskiesatnight post# 290455

Wednesday, 12/12/2007 12:29:30 PM

Wednesday, December 12, 2007 12:29:30 PM

Post# of 311057
I have read numerous times that the MM's & Brokers can just pass the FTD's amoungst themselves, to circumvent the Settlement Rule's time-period(s).

And, I don't see where this loophole has been closed under the latest rules on FTD's!

So, how can anyone really tell what the true picture is, as far as Counterfeit Shares, Naked-Shorts, FTD's, etc. are concerned?

The Market has got to become much more transparent, or nothing is going to change for the better in the Penny Stock World.

While, I believe that there are some crooked CEO's out there (not saying anything about SLJB, as nothing has been proven yet), I think that the majority of people in business are honest, hard-working & ethical. Besides, the CEO's & the Principals of the companies are easy to find, as they can't hide anonymously within the Market or the Internet, so IMO this would be a big deterant to most people!

Personally, I think that most of us here are being raped (financially-speaking) by a relatively small number of individuals, taking advantage of a system filled with loopholes & "slap on the wrist" penalties IF they get caught, etc.

John Good