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Re: None

Wednesday, 05/04/2005 10:26:48 AM

Wednesday, May 04, 2005 10:26:48 AM

Post# of 232
Still think naked shorts are the problem?

How many court cases will it take for people to learn that the 'naked short' story is a smokescreen for massive dilution? Sound familiar? I can't wait to see Stockgate's take on this - if they bother to mention it.

From an hour and a half ago:
(excerpt) - "While focusing its decision on the federal preemption doctrine, the court heard extensive argument and reviewed voluminous documents regarding the Stock Borrow Program and DTCC's clearing and settlement activities.
"Plaintiffs' claims that the Stock Borrow Program results in the manufacture of artificial shares is pure invention," Thompson stated. "Only shares that are actually on deposit in a broker's account can be borrowed. We hope that Judge Adams' decision will be taken to heart and the ill-considered litigation and media campaign against DTCC will come to an end."
The judge's decision to dismiss the case against DTCC follows a series of nine other case that have been dismissed or withdrawn against DTCC."

http://biz.yahoo.com/bw/050503/35784.html?.v=1


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