Clay
again I second your posting. BUT I dont see how REPLACING Phil would do the trick, cause Phil is the initiator of NMKT. Without him no-one would care I quess.
What of more interest is to me is HOW on EARTH NMKT isnt aware of this rule and SHOULDN'T NMKT have been warned the last time they were late. " to let them know that a third time they would have a more serious problem".
The timing of this sudden punishment sounds a bit strange to me.
There is the Everex deal (at least signed intend). Some other developments finally kick in, and just when Phil addresses publically the incorrect way things work concerning protection against Naked shorts and FTD's. then suddenly there is a problem due to a 12 hour late filing? (which is the ...st in consession)
I dont know..
it sounds a bit strange /odd/ conveniant/ to me .
The only thing I have is the thing I have with the Naked shorts problem concerning NMKT. Is NMKT in it itself ( do they want to go to another obscure listing and therefore on purpose filed 12 hours late) or did Phil made to many pointing outs to whats really happening out there and is getting punished now to silence him?
THis is what frustrating me. Cause due to an stupid error of filings I now face the fact as an european investor to get into serious problems concerning trade-ability.
I know investing is a risk, but it should be about succeeding or not succeeding a business or lead product, not an error in filing or a vendetta game between people.
I honestly think that this isnt legal. People (investors abroad) are forced out of their shares due to tradebility cause the company made a mistake. Where is the protection?
And if the Finra has some beef with NMKT then they should think before they act, cause there are investors involved.
But I honestly think they dont care. cause all hedgies and naked shorts institutions have liasons with these intstitutions to protect THEM.
But who's protecting us???
