Replies to post #12550 on Bancorp International Group Inc (fka BCIT)

[wasMoneyMade]

A MUST READ!____ "The Counterfeit Conspiracy" = SEC/DTCC & the Market Makers conspiring to flood the market with counterfeit stocks, thus diluting your stock, lowering it's value and invalidating the entire supply and demand process that is supposed to govern how the market operates. The SEC has given the Market Makers carte blanc to sell unlimited numbers of shares without making a corresponding buy. In the vernacular of the market this is called Naked Short Selling or NSS.

Until recently the SEC denied that NSS even exists or that it is in any way a problem for investors. Under outside pressure the SEC finally came up with new rules, named Regulation SHO that appeared to be designed to end the process of allowing the Market Makers to sell unlimited numbers of Counterfeit shares to the buyers of a wide range of securities. But Regulation SHO turned out to be just a smoke screen. SEC has to date NOT enforced Regulation SHO despite hundreds of securities meeting the threshold to be included under SHO.

Now under ever increasing pressure to enforce their own regulations, on April 11, 2005 the SEC came up with the ultimate insult to every investor in the stock market. In a written explanation of NSS the SEC had the temerity to try to explain the counterfeiting away as being necessary and good for the market.

The following is a quote directly from the SEC web page referenced above:

Naked short selling is not necessarily a violation of the federal securities laws or the Commission's rules. Indeed, in certain circumstances, naked short selling contributes to market liquidity. For example, broker-dealers that make a market in a security4 generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers. Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks such as securities quoted on the OTC Bulletin Board,5 as there may be few shares available to purchase or borrow at a given time.

Keep in mind that Naked Short Selling is in effect COUNTERFEITING shares. It means there is no seller to provide the the shares sold to the buyer. According to the SEC rules, the Market Maker should purchase the shares he sells within 3 days so buying and selling remain balanced. When the Market Makers continue to sell shares without making the corresponding purchase, they are diluting the stock with counterfeit shares.

The SEC explanation above of NSS makes no sense at all. Buying pressure without sellers is what is supposed to cause a stock price to rise. People trying to sell shares without buyers is supposed to lower the price. Instead the SEC is allowing the Market Makers to manipulate the price without regard to the normal market forces that should govern the stock price. If there are insufficient shares in the market for the number of buyers the price should rise. That is how the market is supposed to operate. But instead the SEC and DTCC are conspiring with the Market Makers allowing them to sell counterfeit shares, and then SEC does not required them to purchase the shares they sold. This is outright blatant counterfeiting and manipulation of the market.


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In Counterfeit Conspiracy we are taking on the Naked Short Selling situation by bringing this problem to a higher level of exposure.

Our goal is to take it to the big screen and air it on national television and National and International distribution of a DVD, ( a mini version of the documentary will be sent to the media as part of a press package) The documentary will be presented in all Film Festivals in the US and around the World.

We will interview CEO's of many different companies that have and being affected by the Naked Short.

We will interview as many shareholders as possible that are trapped in companies being attacked or targeted by Naked Short Selling.

We will interview experts in the fields of Naked Short Selling.

We will travel to many cities to interview Congressmen, Senators, and other government officials Market Makers, Dealer Brokers and others, about Naked Short.

We will help organize a massive march to Washington to face the SEC the DTC and Capitol Hill.

Visit the Counterfeit Conspiracy Blog at: http://blogcounterfeitconspiracy.blogspot.com/

You may pre-purchase your copy of the Limited Edition DVD now for $22.99 which includes shipping and handling. Pre-purchased Limited Edition DVD's will include footage not included in the documentary for general release.

Pre-sale of the DVD has ended. It is in negotiation for major outlet distribution


Limited Edition Counterfeit Conspiracy DVD Cover

http://www.counterfeitconspiracy.com

[fringe_remnant]

hurley...

I am just going out tonight to get a bigger monitor. You are right... the chart may not fit on my 17" after the news comes out.

fringe