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Re: SevenTenEleven post# 185728

Thursday, 10/27/2011 3:14:14 PM

Thursday, October 27, 2011 3:14:14 PM

Post# of 221875
Well, every FFGO shareholder has seen the short sale trades posted here for the past 12 months. We know that about 2 billion shares were sold short and that since that cold winter day last February the FINRA daily reports show that over 90% of the sales were short sales. Now we also know that FINRA stopped posting the bi monthly SHO reports months ago. One of our longs, Tom Sawyer, wrote to the regulators trying to get answers and an explanation. None was provided however yesterday we all saw that FINRA did fine UBSS 12 million dollars for systemically naked shorting millions of trades and mismarking short trades as long trades. Now today we read that the SEC is none to happy with FINRA : http://www.sec.gov/litigation/admin/2011/34-65643.pdf
Then, also today, we learn that FFGO has had trading halted. Now the question is are these events all connected, or merely coincidence? I am sure the SEC was not happy to hear that FINRA was not reporting the bimonthly numbers and are no doubt embarrassed by seeing FINRA's reported numbers reflecting over 90% short trades day after day after day. The question is what happens next? Will a buyin be ordered on the graysheets? Will we see a super 8K filing? Will there be a revocation hearing? If that hearing is held will we all be getting our shares in certificate form? Interesting days ahead to be sure. Go FFGO!!!
A dividend of 3400%+ is awesome!
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