imo of the approximately 10 OTC co.s i've followed over the years .. all are *victims* of abusive NSS and the suspects imo are varied .. but i expect to see hedgies implicated as well as MMs' who've *effected* the trades as well as prime broker dealers .. suspect the system needs to literally collapse to force *change*
i've posted on my NSS board that every co. that comes public should now be electronically tagged so that there can be no more bs re: hard locates .. let alone stock *actually* being delivered b4 being used again and again and again .. just adding to the mess and total bs figures those who collude pass onto both finra and the sec who apparently find it completely *normal* that a company that has been public for 3 yrs with FTDs shown every quarter .. would magically *cease* to show ANY over X no of mos and 7 BILLION shares .. er .. traded
then every co. that is traded should be retrofitted re: electronically tagged stock within a specific time frame no commentary .. no BS .. and if it means they have to *re* grandfather certain co.s with a few BILLION shares NSS (and imo they absolutely exist on the OTC) then so be it
but this crap needs to be dealt with ASAP .. it's getting beyond absurd
btw .. there is zero reason for MMs' to exist in this day and age .. due to technology available and of course hedgies need to disclose/disclaim all *data* as well including *hires*
it's very clear to me from over 3 years of watching rt l2 that manipulation is endemic across the board
here's to retail's awareness
-- 4kids all jmo
10/5/07 -- there are no coincidences here ... oh and like many other longs .. not selling at this level --
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