Replies to post #7529 on NewMarket Technology (fka NWMT)

[Telephonics]

I.m sorry but your theory is about as atrocious a statement that I have ever read. Do you realize that Vergis at one point hired a German Security lawyerr in an attempt to force the German Bourse to delist NMKT which they placed in play without even the courtesy of talking to PHIL?? It turned out that even with help from our SEC the Germans were adamant in their refusal becaiuse naked shorting is legal in Germany. No company has ever naked shorted thier own shares. Fromw where did you ever get such an outlandish idea?
If naked shorting as you understand it could not happen why is NMKT on the SEC's SHO list which shoiws company's whose stock is naked shorted????Go look at it for yourself and get a bit of education on the subject.

[Telephonics]

Some more material for you to read and understand

http://www.faulkingtruth.com/Articles/LettersToEditor/1040.html


Wall Street vs. Main Street: Part 2-Oklahoma counts down the days
By Mark Faulk
April 20, 2007


Oklahoma SB 979, which addresses fails to deliver in the stock market, is scheduled to be voted on by the Oklahoma House of Representatives early next week, probably on Tuesday. The Oklahoma Securities Commission and Securities Administrator Irving Faught are opposing SB979. This legislation is important, not only to Oklahoma, but to other states that are working on similar laws.


I spoke with Faught earlier this week, and he told me that the NASAA was opposing Oklahoma’s SB979 because it was “unconstitutional, unenforceable, and poorly-written.” However, the NASAA has stated that they NOT opposing SB979, and that they are remaining neutral on state legislation. I am still awaiting a response to my emails and phone calls from NASAA General Council Rex Staples. The NASAA has been a strong supporter of stock market reform both at the federal and state level.


I believe that Mr. Faught truly wants reform in the stock market, but his comments to me that he’s “relying on the SEC to eliminate the grandfather clause in Reg SHO” suggest that he might not have a grasp as to how complicit the SEC is in this system-wide failure. The countdown to the vote in Oklahoma comes as Overstock.com CEO Patrick Byrne “celebrates” 500 days on the Reg SHO list, which lists companies that have significant amounts of stock that has been sold by brokers, but never delivered to customers.



To read the rest of this article, and for information on how you can help ensure the passage of Oklahoma SB979, go to:
http://www.faulkingtruth.com/Articles/LettersToEditor/1040.html