Date: Wed, 15 Nov 2000 16:05:08 -0800 (PST) From: gabor sandor acs <thepennyking@yahoo.com> / Block Address / Add to Address Book Subject: Fwd: RE: What's happening in Canada To: thekingdomofpen@yahoo.com
--- Gabor+Sandor Acs <thepennyking@investorshub.com> wrote: > Date: Wed, 15 Nov 2000 00:44:13 -0800 > From: "Gabor+Sandor Acs" > <thepennyking@investorshub.com> > To: thepennyking@yahoo.com, jpetri@concentric.net > Subject: RE: What's happening in Canada > > Dear JP/Plato: > > Can you be more specific about the law? What was it > called? There is a wave of margin calls going on, > not just in Canada, but all over the world. Debt > becomes worth - less, as the value of saving for the > future goes up. Example: Borrow 100K at 10% in US > Dollars for 1 year. Dollar goes up 25% against Euro > same period. European Bank bought your loan two days > after it closed, knowing it would inflate its own > money supply. How much interest are you really > paying? Answer 35%. Was it fully disclosed? In > Canada, it's the same thing. A reform movement is > underfoot, a solid foundation has been established > to disclose the true meanderings of global capital > flows, and the dike is being plugged. Suggest if you > have any margin loans, liquidate them fast, before > you get called. The other side of the coin is that > as dollars go up in value, companies doing business > in foreign countries lose sales values. There in > Canada, many people see the dollar appreciating > faster than OTC stocks over the ! > next five years. So they are dumping and getting > into the US dollar and currency plays. > > Thats my take on it. > > >From: <JPetri@Concentric.net> > >To: <thepennyking@investorshub.com> > >Subject: What's happening in Canada > >Date: Wed, 25 Oct 2000 08:19:04 -0400 > > > >To All, > > > >I'm going to pass this info on to the email list > because I think it's > >significant. Here's what I've heard is happening > in Canada and how it is > >affecting the OTC: > > > >In as simplistic terms as I can: > > > >In Canada, because the OTC is so volatile, a law > was passed that said that > >any OTC holdings in your portfolio will not be > counted as having any value > >to your portofolio because the OTC is so volatile. > The law goes into > >effect Dec. 1st, but many are not waiting for the > law to go into effect. > >This has forced a large number of margin calls in > Canada and has resulted > >in many selling their OTC positions to either cover > their margin calls or > >because they cannot be used as value in a > portfolio. > > > >This was given to me as the reason why so many OTC > stocks are being sold > >off right now and has nothing to do with the > company itself. This is > >suppose to go on for another 3 or 4 weeks before > things begin to settle > >down. It also means that you will not be able to > short OTC stocks and > >have the value of that shorting count in your > portfolio. > > > >I'm sure it's much more complicated than I'm making > it sound now, but it's > >a good and bad thing for the OTC. Good because we > should be seeing much > >less naked shorting; bad because this bad OTC > market may be with us for > >another month. Then things are suppose to really > pick up. > > > >I give this to you all for two reasons: > > > >For information to you and for verification of it > actually happening to > >someone on the email list. Please respond to this > email if you have more > >information on what I'm terming "The Canadian > Effect". (LOL) > > > > > >Regards, > > > >Plato > > > >Post your insight on the 'PLATO'S RETREAT (PLATO)' > board. > > > > "God Blesses You a Trillion Times Per Second" Visit > www.iexchange.com and under "search analyst" type in > "thepennyking" for the latest merger/acquisition > candidates being considered by the Free and Clear > Fund and their affiliates, et al. > > ------------------------------------------------------------ > Join the Serious Investors Community -- Investors > Hub > http://www.investorshub.com/ > >
===== Gabor Sandor Acs aka www.thepennyking.com. Visit www.iexchange.com, "thepennyking" under "Search Analyst". "God the Infinite does bless thee a trillion times per second, think about this for a minute and know it as a truth." Visit "thepennyking" at www.investorshub.com or www.MutualMinds.com. "One world, interconnected. One currency, mutually equally valued, without loss to Any One."
Founder: The Free and Clear Foundations of Earth, Chairman & CEO Penny King Productions, The Free and Clear Bancorporation, Senior Trustee; The Free and Clear Fund. A former banker, top analyst at iexchange.com before they ran out of money, and Chair
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