Done. I have moron 1 on ignore, so I won't be responding to him, but I loved your reply. Wannabe Neverbe. I'm hoping some small companies who are stuck and don't know why are picking up this thread. I have found out in the last two weeks that the dark side is lending and selling Unregistered Shares. I don't know the drill, but one source is a dark side guy, the other an investigator. If you know a company who smells a rat, tell all officers who have restricted stock to take it, and put in a bank vault. It is imperative to do this. We are starting a campaign with Sedona to choke off any possible "lending" of shares. We are certain all legended stock is removed from any bd. The next step is tracking down two firms, and seeing if there is illicit loans. Sedona has an edge, as you have read. The SEC and DOJ are on it. It hasn't stopped anything yet, but it's early. I'm surprised no one has asked how to profit from this. Ask yourself. What happens in a buy in where 200% of the float is short? You need guaranteed delivery. You call the offer. He can't deliver, get out of the way. Etc. As a matter of fact, a few years back, a CEO went to a bd w/a Big Fail, and said, 'buy him in'. The broker said, "are you crazy? If we buy in (big firm), he'll buy us in 100 times over. " Check PPD, CROX, GROW, .... The law is., I buy you in, and send you the bill. A buy in could be double the "offer " price, easily. You can see the reluctance to act. Other thing I'm hearing is the Bloomberg thing may be a fraud type series. I guess if the Geico cavemen can have a series, this could as well.
This just in.... The SEC says that such improper short sales may artificially lower the price for the securities being offered, harming the company offering the shares. See the Chicken Shit fine? Will stop no one, but everybody who bought the stock got screwed. Ex-Hedge Fund Advisor To Pay To End SEC's Short-Selling Case Mar 16, 2007 17:36:27 (ET) WASHINGTON (Dow Jones)--Former hedge-fund manager Imperium Advisors LLC has agreed to pay almost $120,000 to settle charges that it violated securities rules when it used shares it had bought in three public offerings to cover short sales placed just days earlier, regulators said on Friday. The Securities and Exchange Commission said that Imperium had bought Pioneer Drilling Co. (PDC), Premcor Inc. - which has been sold to Valero Energy Corp. (VLO) - and Houston Exploration Co. (THX) securities in 2004 in three separate offerings. Under securities laws, the hedge-fund advisor was restricted from using such stock to cover short sales made five days before the newly issued securities were priced. Imperium funds made $41,328 through its Pioneer short sales and $33,864 on its Premcor short sales, the SEC said. The agency didn't say whether Imperium had profited on its Houston Exploration trades. "Hedge-fund advisors must follow the rules concerning short sales, and if they don't, we will take appropriate action," said Bruce Karpati, assistant enforcement director at the SEC's Northeast regional office. A phone number for Imperium's offices was out of order, and Imperium officers couldn't be located. Short selling involves selling borrowed shares in the hopes of buying back the securities when prices are lower, pocketing the difference. By engaging in short selling just before the price of new shares is set, an investor is sometimes able to sell at prices higher than what it would later pay for the newly offered shares. SEC rules ban using stock sold through such public offerings to cover recently placed short sales, in an effort to prevent traders from lowering stock prices. The SEC says that such improper short sales may artificially lower the price for the securities being offered, harming the company offering the shares.
Isn't it ironic that the person not spouting out insults is the person who gets put on ignore? Doesn't that tell you something?
Oh well (sigh). Nothing new here. Like I said before, I'm new to elite forums and wanted to get the drift of posters here re naked shorting. This is a great place, with some obviously very intelligent people. I'm surprised re the bloomberg special which affects "every single American" and the most we could muster up here on this issue is maybe a half a dozen posters. (This speaks volumes). I'm not surprised it ended in name calling and "ignore" and broke ass analogies, btw whales and sharks are metaphors, piss up a rope is a redneck song. Good luck fly et al.
The newsflash fails to mention naked shorting, wuz up with that? This is a naked short and broke ass analogy thread.
What do you think "improper short sales" are , ass wipe? If it said "improperly marked long sales", that is a nuance, but essentially the same. they are tougher to find in discovery, but we find them. You are a nuicen nuse, pain in the ass. On ignore.
Two invisable retards infected with keyboard courage tag-teaming. Neither of which have any capacity to understand what the discussion is about. My bet is that Nut is a receptionist at a boiler room operation, the other one in some crappy BA program drooling over one of Kiev's obnoxious tomes.
So you, flytiger, and ratboy aren't tag-teaming? You three are apparently leading the charge against naked short sale abuse on ET and yet you can't act with any dignity. With every post you demean yourself and lose credibility. Who can take insult flingers seriously? As I've said before naked shorting is illegal and sure, it would be great to stop it. However, I don't believe America is in imminent danger because of it. And when I say that on this thread people call me pussy and they equate my stance with killing grandmothers or condoning rape. Maybe you guys should have try to persuade originalskunk to be your lead man. At least he has some valid points and doesn't cram it down people's throats. You three should take a lesson in manners from him.