One Step Ahead

[Bo14172]

Calling All Boards

wolf2 brought for a post which not only enlightened me to an entity I never heard of, but pisses me off.

I'm an even keeled guy with a very quick smile to everyone. It takes alot even through this to say enough is enough.

Well, enough is now enough.

I quote from this link wolf2 provided: http://www.naabtrade.com/monthlies/halloween04.htm
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"We are initiating short positions in US Canadian Minerals (UCAD.OB). This is a short seller’s dream stock. As long as we do not get squeezed we are going to ride this into the ground. Here is the story of UCAD. It has a market cap of $100 million or $300 million depending on which outstanding share count you use. In the last SEC filing on 8/23/2004 they listed cash of $1.321.00. Some of my friends carry that much in their wallet at times. You can guess what the revenues are. Zilch, Zero, Nada. They received a “going concern” letter from their auditors. So what is UCAD and why has it gone from under a $1 to over $15 in the last few months? UCAD has undergone a series of swaps of money, shares, mines, trucks, offices, diamonds, you name it, with other worthless pink sheet companies. There are so many details to these deals it makes my head spin. As StockLemon says “The mines have no proven success; you can shuffle worthless entities around all day long, but at the end of the day ... you still end up with nothing, regardless of share price.”

UCAD currently trades at just over $15, so we are initiating short sales at $15 or above. Many of our Portfolio Managed Program clients will start to see short sales in your accounts over the next few days as we try to find the shares to borrow. Shares may also become more available for shorting after the 3 for 1 stock split goes into effect. UCAD has released no details as to when that will be. Don’t ask me why they are doing a stock split either? It may be halted from trading before the split is ever effected."
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Well to the assholes from this rag that doesn't deserve to hang on a spool in an outhouse...The shortselling at $15 didn't go so well did it? It would seem if you took short positions even when it dipped below $15, you lost your sorry manipulative ass didn't you? Then the split did occur and rose to levels which would have equaled $17.50-$18.00 per share pre split didn't it? I bet that hurt, huh?

"we are going to ride this into the ground" - You tell me when I should stop laughing. Choke on your words losers.

Your Plan B in case you were losing your ass (which you did) was to reporting falsehoods to the SEC huh? It didn't work either did it? They are trading again.
You did it only to force the dip we're seeing now to cover huh? Because it seems there was no problems and trading has resumed, wouldn't you then be guilty of fraud, libel and manipulation in bringing these pack of lies?

To the boards, this is just one group. One. Of how many groups, MM's, offshore funds and brokers, etc?
This group is the only one I have seen stupid enough to admit their trading practices. SPatrol may serve the same purpose as it is led by an ex-convict of securities fraud.

Surely someone of the 40,000 of us has friends or family with contacts to points of authority or media.

Everytime I read it, it sends me off. They are blatent about their trading practices. And you know what the only funny part is? In light of the now admitted strong effort by this rag, MM's, funds and other similar wastes of flesh to short sell USCA, the stock STILL ROSE STRONG EVEN THOUGH THESE ARTIFICIAL FORCES WERE IN PLACE!! Imagine how high USCA would be if these forces weren't in place.

We need to brainstorm and come up with a plan. One plan that can be heard by many or by the powers that can change it. If there is something specific Atty Glenn suggests we do, I would implore those few close to him to ask him what as shareholders is our best stradegy. After seeing the above, doing nothing isn't an option anymore. If he said our best move is to trust his work and what follows, then fine. If he states that there are some outlets we can use such as the media, certain goverment departments or congressmen to help the effort, then I know without a doubt we would do so. Doing such things would be legal and hopefully help his effort.

This has gone on too long. The fact that these life's loser can be so brash as to announce their trading intentions is bullsh**, because we know naked short selling could also be involved here like it has been with CMKX.

This is a fight, we've known that. But it's got to stop, now. The tide has to turn for what is right at some point. I've reached that point.

Bo