From a friend:
Posted by: janice shell Date: Saturday, July 18, 2009 10:46:59 PM
In reply to: camper9 who wrote msg# 119828 Post # of 123147
How many shares do you think the MMs might have to actually deliver in order to reconcile 'the market they made' four years ago?
As I said, I think maybe 200 million or so. But none of us has any numbers for that.
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Now she says
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Posted by: janice shell Date: Sunday, September 13, 2009 6:21:51 PM
In reply to: Arkait who wrote msg# 123139 Post # of 123148
"Your case" is anomalous. Far as I can see, BCIT was never shorted naked deliberately. OR illegally.
And I have yet to see ONE stinky pinky prove deliberate naked shorting on a large scale. Sure, there're creeps like Uselton who did short without borrowing. But--if you read the SEC complaint--most of his plays were exchange listed stocks, and he did cover the short positions in question pretty quickly.
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And this Janice Shell says naked shorting is not a problem with penny stocks>>>
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Posted by: janice shell Date: Sunday, September 13, 2009 6:03:11 PM
In reply to: Joda who wrote msg# 123101 Post # of 123148
Huh, funny you used to say the same thing about NSS being non-existent...
Funny you keep saying I said that. I never did. I did say, and maintain, that it's not a big problem with penny stocks.
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BCIT'ers, keep in mind that the BCIT's Authorized share structure was 25 million shares, and Janice claims a 200 million FTD position is not a big problem.
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I am going to forward this to SFC Field Investigator Kyle Burns, and ask is this the people calling your office and trying to shut down this investigation based on this crap? There has been a Federal Crime committed, Abusive Naked Short Selling, and it has been caught on polaroid tape.
I am going to ask Kyle Burns what is an OK amount for the Naked shorting to be a legitimate amount.
Naked shorting is a crime.
Otherwise, let's all print fake 100 Dollar bills on our color copiers and redeem them in the public venue.
Do not cut and paste my posts!!
