CMKM Diamonds Inc. (fka CMKX)

[DiamondTrader1]

So people don't short naked against PIPES?

Sorry, diamond, the Refco connection was the CD issuer

Afterall, the point of shortselling is to BORROW stock first, THEN sell it "short". Not, sell SHORT first, then borrow later. This is what you people just keep spinning as the real "boogeyman", when it is simply a component of naked short selling itself.

Were the shares delivered?

DID THEY BORROW FIRST?

Spare me the BS about "did they deliver". Anyone can cover if they have enough time. The point is: did they delivery in T+3?

CDs are only "toxic" when people like Badian sell unlimited amounts of shares right after the "pump", then flatline the company and cover "later". You want to talk about pump'n'dumps...the shorts are the ones that orchestrate them. The promoters are just part of the act.

Shortselling without borrowing is pure counterfeiting. This is what the CIM dividend "caught". It is a record of the amount of counterfeiting that took place in the summer of 2004. That is a priceless stat to have.