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Re: janice shell post# 59873

Monday, 12/27/2010 10:14:26 PM

Monday, December 27, 2010 10:14:26 PM

Post# of 66758

Fails to deliver are reported by BUYERS to whom stock purchased HAS NOT BEEN DELIVERED.



Unreal......Then blatant fraud can be committed on the seller who sold the stock, saying, yes, I have it, etc., etc., etc., enabling the seller to effectively deliver stock they don't have by committing fraud. Where did the seller get the stock to sell in the first place?

In the case of a short seller, he had to borrow it from within the brokerage firm. Since, the majority of the sellers are Hedge funds, that are their own MMs, allows for them to consistently, legally short the stock at least three days before they have to cover. Now, if some of those hedge funds are their own brokerage firms which some are, that game could go on indefinitely.

The MMs are only the ones placing the trade, for the brokerage firm.
The MM in this case is CSTI, which is Collins Stewart Inc, which has its own brokerage firm out of England. The majority of their clients are offshore.

Drawing upon our offshore heritage and independence, our forward thinking approach has helped us deliver a sophisticated, open architecture investment proposition for our growing, international client base.

As a division of Collins Stewart plc, we have assets of £6.8bn under management and administration, on behalf of over 9,000 clients, managed in London, the Channel Islands, Isle of Man and Geneva. Our core client offering comprises Discretionary Portfolio Management, Stockbroking and Investment Funds across a broad range of asset classes tailored for private clients, intermediaries and charities.

I am not accusing CSTI, (Collins Stewart PLC) of any wrongdoing, shorting, Naked short selling. The Naysayers will say it is the company. We heard, we heard, we heard, we hear, we hear we hear, however, we are not buying what you are selling.

I am just bringing it to everyone's attention as to who they are. All parties reading this post can put their own spin on it.


It is all a bunch of numbers which can manipulated as easily as accounting fraud.

Talk about antiquated system that favors all the crooks, including the sellers.

As in the word of David Byrne, "My god, what have I done!"

We need to wipe the out the MMs, wipe out the DTC, Transfer agent. and have every single trade go directly through the SEC, electronically. The end of each day, none of this three day, FTD would even exist.

We have checks and balances and the end of each day where it would the buys would automatically match all the sells and it would all coincide with the existing float.

It is not rocket science.

All naysayers on this thread attribute the selling to the company.
They really believe we are all that niave? Yes, you can quote me on it Janice.

Yes, this has 100% relevancy and is on topic because it pertains to why the stock priced closed @ .094 on December 16, 2010.