Replies to post #22697 on Copper King Mining Corporation fka CPRKQ

[Farmboynate]

http://failstodeliver.com/default.aspx

[Arnold25764]

Yup because very little information is given out in Pinkyland.

[Colorado1]

OTC link is wrong because guy doesn't understand OTC trading

The naked short selling concept/scam depends on a very large and complex float pool that takes days to reconcile and also depends on electronic order matching occuring so nobody is watching the flow of transactions. It would take thousands by the way to police real time.

You will see if you look carefully that OTC non-electronic trading is not covered nor even mentioned in the SEC article. This is because there is virtually no problem. I say virtually because people will try anything no matter how stupid and obvious it is that you can get caught. But it takes insiders and a crooked market maker trading your company stock plus a lazy or dirty TA.

I would state that the OTC BB/OQ exchange can have naked short selling occuring because they are on the same electronic trading software/reconciliation system as the NASDAQ. So this is where the guy on the ezine link who talks about the OTC penny stocks makes a leap from the electronic exchanges down to the OTC assuming that the system works the same all the way to the dirt where our stock trades. Bad assumption on his part.

Each OTC sale has to be manually matched when it is booked by our single market maker that trades in CPRK stock. Reconciliation happens everyday.

I know and the SEC knows if there is a suspicion of any naked shorting that all I have to do is call the one market maker and I have found the culprit or at least for sure 1 person who is in on this illegal activity. This is because every other trader is piggybacking on the one market maker with the form 211. So it all clears through this one market maker. It is a single point to send the SEC guys to pick up our bandit. Try that on the NASDAQ.

What allows naked shorts on the electronic exchanges to go undetected is that there is a minimum 3 day reconciliation period between the hundreds of brokerages that you can play as a "Naked Shorting Day Trader". It is the same concept as writing a personal check to a local merchant then covering it before its cleared at your bank 3 days later. But since you got in and out on the same day you just phantom traded however many shares and if you cover the same day nobody is the wiser.

You are an accountant.

So you buy 50M short shares and sell on the same day. Then you buy at the lower price to cover. 50M shares.

The credit and debit = 0. So no red flag on the balance sheet. Your brokerage on paper looks like it never had a naked position if nobody ever audits it. The chance of being caught is billions to one. Especially 3 days later after trillions of transactions.

We simply do not have this same situation in an OTC manually reconciled stock.