Replies to post #22695 on Copper King Mining Corporation fka CPRKQ

[Fairways18]

Colorado,

I respectfully disagree with your opinion about naked shorting being a problem and our new SEC Chairperson, Mary Schapiro disagrees with you also. I will agree that it is used too often to explain management's failures but I don't think that is the case here.

http://dealbook.blogs.nytimes.com/2009/05/05/sec-chair-says-short-selling-rules-a-priority/

"The head of the Securities and Exchange Commission said Tuesday she was making the issue of new rules restricting short-selling a priority as the agency heard from an array of interests about ways to limit trades that bet against a stock, The Associated Press reports."



http://ezinearticles.com/?Naked-Short-Selling-is-Like-Legalized-Theft&id=1178192

"According to the National Coalition Against Naked Short Selling (NCANSS), "Between 700 Million and 1.5 Billion undelivered equity securities are outstanding on any given day in the U.S. equities markets, not including "ex-clearing" failures."

The bottom line for penny stock traders is that naked short selling destroys your investment's value. Using NSS, some traders are allowed to make a profit off of your investment, without ever buying the shares to begin with. I should mention that this problem is not isolated to the penny market, as there are numerous examples of NASDAQ companies claiming NSS against their companies. But in the penny stock market it is virtually impossible to prove NSS occurs, as accurate short position data is hard to find in over-the-counter trading."

F18

[just-the-facts]

IMO, I don't think MD "knows" for sure; neither do I think that the people on this board know for sure; but there's a suspicion that it might be happening based on some remote circumstantial evidence. Until someone absolutely proves it isn't happening, then I will keep open that perhaps it is a possibility. FWIW, I personally visited w a former penny stock broker (still in the business though) that follows CPRK and lets just say we had a very interesting conversion (with charts, other stuff etc) for 2 hours. All of us would be shocked at what goes on in these markets and between MM. It's criminal; almost a mafia type situation...off shore boiler rooms etc... jmo

jtf