Posted by: Jim Bishop
In reply to: janice shell who wrote msg# 192251 Date:11/7/2005 1:38:46 AM
Post #of 192370
Whoa, the New American Revolution seems to have begun...LOL
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By: yugsnioc
07 Nov 2005, 12:54 AM EST
Msg. 278714 of 278717
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Email to the Chairman of the SEC. Send your own to chairmanoffice@sec.gov. Let them know we will no longer sit by and be raped. Email the chairman with your own warning and complaint. Let them know we are pulling every stock we own out in cert form. Long live the New American Revolution!
Dear Chairman
I thought it only fair to warn you of the quickly deteriorating trust the American public has in the electronic share trading system, the SEC & the DTC. A campaign has begun to encourage investors to pull their shares from every electronic account they have and take those electronic shares out in paper certificates. This is not just one stock being affected, although it was one stock that was the start of this campaign.
The consistent failure of the SEC to protect the investing public from the illegal and immoral naked shorting of stocks traded via the electronic trading program has left the investing public extremely distrustful of the SEC. The SEC has publicly admitted that naked shorting occurs and has even grandfathered such transactions that were executed before regulation SHO took affect. Yet, naked shorting continues to occur, at an ever growing pace.
A revolution is coming. A revolution supported by the masses of people who have been robbed of their assets. Robbed of the money they have worked their entire lives to earn and the money they are counting on when they retire. This revolution calls for everyone, large and small, to pull their shares out into certificate form.
The revolution starts small but it grows as more and more of the people who have been wronged learn of it. Soon it will be a ground swell. Soon the brokers will be screaming because investor confidence in the current system is gone. Billions of dollars will be pulled from the accounts held with these brokers. The massive naked shorting that has occurred with thousands of companies will be exposed as certificates for these companies run out and there are still millions of investors holding electronic shares.
Investors will demand their shares, which are guaranteed by law. What will you do when millions of investors learn the shares they hold with brokers are worthless and the brokers cannot provide them with their shares in certificate form? How will you deal with this sudden public scandal?
Don't think that this will not happen. Every revolution begins with a few and it grows. The SEC will be exposed for the farce it is. It will be exposed as complicit in the naked shorting as it tries to cover it up by revoking companies that are naked shorted in the hopes that once the company is revoked, the threat of exposure will disappear. On the contrary, revocation will only serve to further the revolution as it is the shares of the revoked companies that will be the first to be converted into certificates, exposing the lie being perpetuated on the American investor. Ultimately it is the American investor that will be your judge and your jury.
The word is out. Pull every stock you own out in certificates. Force the exposure. Destroy the corruption that exists inside the SEC, the DTC and the brokers. The revolution is at hand.
Signed,
Member of the New American Revolution
