Replies to post #102227 on Mike The Pike Productions Inc (fka MIKP)

[TenKay]

Ho boy…lol. Since I am not going to respond to each post individually I will round up all three here.

1) “Counterfeiting Shares 2.0”. That tome had its origins in 2014 I believe. It has come back into vogue and looks like people have added to it and someone submitted to the SEC recently as a “comment”. It is a large collection of some fact, a lot of fiction, half-truths and conspiracy theories. But I did LOL when I got to Appendix P “Confessions of a Basher”. LMAO. I guess whoever added that piece didn’t realize it was written as a joke many years ago by someone who was amused by the whole evil basher narrative. And like any good conspiracy theory it was lapped up and taken as truth.

2) Colak and Kostov - that was from activity almost a dozen years ago using exactly the strategy I have already discussed that was the last loophole in RegSho “deep-in-the-money calls”. It, of course has zero relevance today. And the FTD’s were there as the SEC release shows. What those guys were trying to do was reset the FTD’s so they didn’t get to the point of a forced buyin.

And even if it could be done today it has no relevance to MIKP because MIKP is not an exchange traded stock with an options chain.

3) and lastly, this post. I noticed the discussion was completely devoid of the margin requirements that have to be maintained UNTIL THE POSITION IS CLOSED. For any stock under $2.50 (which in the case of bankruptcy or “grey market” stocks - which would be pretty ALL of them), that means you get nothing back until the position is closed…because the margin required is greater than the amount shorted.

I am not going to get into a debate around conspiracy theories that even themselves have nothing to do with MIKP because it is a stock with no FTD’s, no short interest, and can’t be shorted.

If you are interested in such discussions I would suggest this board:

https://investorshub.advfn.com/NSS-Counterfeiting-Stock-MM-Games-Played-18322

[imiloa]

re: 1. sorry about that.
i wasn't aware this doc was a meme.
found it via multi-topic keyword search
and it covered a broad spectrum of facets involved
so it seemed a good summary of them.

which makes sense if it was constructed as a parody
of collective perceptions on the topic.

but just because something is parodied
doesn't mean the something is not true.

fwiw, my conviction on this topic
comes from personal experience.
a group of friends i traded with in the 90s
collectively bought more shares in a low-float pink
than were authorized by the transfer agent filings,
and yet, the ticker continued to trade
despite none of us selling.

and that was many years before 2014.

others here have reported the same over the decades since then.

you may never have experienced this, personally.
but you're not going to convince me
that my personal experience did not happen. ;-)
.

re: 2. re: FTD manip,
agreed that such strategies are theoretically impeded by new regulations.

but you continue to miss my core point
that your argument is based on the premise
that regulations exist to prevent this,
therefore it can't possibly happen.

laws exist to prevent all kinds of accounting crimes.
and yet they happen constantly, no?

thus, the common expression,
"cook the books."

there are countless examples of
hedge fund titans like cohen
and elite banking firms
being caught cheating
and issued fines but never prosecuted.

and dozens of allegations by former SEC employees,
esp during cox's tenure,
of investigations into corruption getting shut down
and persistent investigators persecuted and blacklisted
for daring to expose illegal trading
by elite hedge funds and bankers.

do you acknowledge that reality?

if so, why is it so difficult to consider
that people who control the casino
might rig the casino games
despite there being laws against rigging?
.

re: 3. you didn't specify margin requirements
as the blocking factor for short sale proceeds
when you made the blanket statement,
"Someone holding a short position does not get their money until the position is closed,"
which, as a standalone statement,
remains false, no?

but, with #2 above,
margin requirements are irrelevant
in context of my core point,

because brokerages only apply margin requirements
to shallow-pocket clients without sufficient assets
to cover a run-away short position.

ie: not the brokerages, themselves,
nor the deep pocket hedge fund titans
with billions in assets,
who are the criminals i've been referring to
this entire discussion.

ie: market makers, billionaires, and criminals manipulating markets
who never seems to face prosecution, only fines,
even when caught red-handed,
aren't subject to margin calls
when they short.

i stand by my point.
.

regardless,
there's no point continuing this discussion.

you perceive me to be a kook
drunk on the kool-aid of naked short conspiracy theory.

i perceive you to be precariously trusting,
if you honestly believe the market titans who run the casino
don't rig the casino games in their favor daily,
simply because they can, with impunity,
because the sec empirically doesn't prosecute them.

i stand by my perceptions
because i have seen countless examples of it
over several decades of trading.

you stand by your perceptions
because you believe that it's impossible
for criminals to subvert the rules.

honestly, i'd much prefer to live
in the world you perceive to exist.
but i don't believe that world exists
when humans are involved. :-(

nutshell,
neither of us is going to convince the other.
so we can agree to disagree
and spare this board the noise.

peace.