quote:Originally posted by Chartwalker: Igor.. expect a gap up in the morning!! ha ~~
This just means that it's party time!
And that second PR!! WHOA!!!
Just like I said, BIG TIES with the government boys!!! That PR is dripping with HUGE $$$$, government deals!!!
This is WAY HUGE!!
I can only guess what the reset price will be!
glass.... As far as the letters, you can try but Rufus has the wheels greased! I called that too! His PR's hinted of that, and some people blew that PR off about his ties to the Republican Party!
AMEN!! Thanks "Uncle" Rufie!!!
This is over the top GOOD NEWS!!!
Chartman: What 2nd PR...I don't see anything on Yahoo?!?!
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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posted
We may never see $2... If it don't get there soon, we may skip over that without looking back. Ok, at least that's what we're hoping.
Posts: 528 | Registered: Aug 2006
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quote:Originally posted by lostone: once this hits 2 bux, a buttload of ppl will sell.. i may be one of them
not me, not with 75M verified short. The more that hold the higher the price goes.
Has anyone thought that we may now be able to consider option 1 on the merger, keeping the current price. Because by the 29th we may be way above the $15 dollar reset called for in option 2 or 3. Posts: 434 | From: NEBRASKA | Registered: Feb 2005
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posted
Interesting. Are some CEO's attempting to make a point today?
NEW YORK, Sep 20, 2006 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP) President and CEO, again discusses the national scandal of "naked shorting" in his interview on MoneyTV (http://www.emergingcompany.com/volume10week32.htm). Mr. Altomare has been a prominent and outspoken critic for over ten years, in press releases and interviews, on the adverse effect of "naked shorting" on public companies, their stockholders, investors and employees. Universal Express is the only recipient of $700,000,000 judgments against "naked shorters."
Mr. Altomare agrees with other CEOs and prominent critics of "naked shorting," including the recent interview with Dr. Patrick Byrne at http://www.vmsdigital.com/MyFiles.aspx?Onum=98804A53-200D-4669-B83B- 89ED5D089168, and the personal safety warning and support related to Dr. Byrne by Senator Orrin Hatch, Ranking Republican on the Select Committee Intelligence of the United States Senate. Mr. Altomare, has written to the Company's United States Senators in Florida and New York (Senators Martinez and Nelson of Florida and Senators Clinton and Schumer of New York) seeking support on the important message of possible personal safety concerns of prominent critics of "naked shorting". Copies of this letter may be found at http://www.usxp.com/ns_safety.pdf.
(Due to its length, the first URL of this paragraph may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
"As Universal Express has planned for sizable acquisition announcements, our CEO's safety is paramount due to the enormous financial issues that may become evident," stated Chris Gunderson, the General Counsel of Universal Express.
Mr. Gunderson concluded that, "the SEC has condoned and fostered the issuance of billions, if not trillions, of counterfeit and unregistered securities sold by the "naked shorters" into the market place for many years, in violation of the Counterfeit Statutes and Securities Laws of the United States."
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by wallymac: Interesting. Are some CEO's attempting to make a point today?
NEW YORK, Sep 20, 2006 (BUSINESS WIRE) -- Universal Express Inc. (OTCBB: USXP) President and CEO, again discusses the national scandal of "naked shorting" in his interview on MoneyTV (http://www.emergingcompany.com/volume10week32.htm). Mr. Altomare has been a prominent and outspoken critic for over ten years, in press releases and interviews, on the adverse effect of "naked shorting" on public companies, their stockholders, investors and employees. Universal Express is the only recipient of $700,000,000 judgments against "naked shorters."
Mr. Altomare agrees with other CEOs and prominent critics of "naked shorting," including the recent interview with Dr. Patrick Byrne at http://www.vmsdigital.com/MyFiles.aspx?Onum=98804A53-200D-4669-B83B- 89ED5D089168, and the personal safety warning and support related to Dr. Byrne by Senator Orrin Hatch, Ranking Republican on the Select Committee Intelligence of the United States Senate. Mr. Altomare, has written to the Company's United States Senators in Florida and New York (Senators Martinez and Nelson of Florida and Senators Clinton and Schumer of New York) seeking support on the important message of possible personal safety concerns of prominent critics of "naked shorting". Copies of this letter may be found at http://www.usxp.com/ns_safety.pdf.
(Due to its length, the first URL of this paragraph may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
"As Universal Express has planned for sizable acquisition announcements, our CEO's safety is paramount due to the enormous financial issues that may become evident," stated Chris Gunderson, the General Counsel of Universal Express.
Mr. Gunderson concluded that, "the SEC has condoned and fostered the issuance of billions, if not trillions, of counterfeit and unregistered securities sold by the "naked shorters" into the market place for many years, in violation of the Counterfeit Statutes and Securities Laws of the United States."
posted
I wonder when this CEO's bs it going to end when they claim they are working together with the SEC?
Posts: 4112 | Registered: Jun 2006
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posted
So let me get this straight...somebody has short sold this f'r to the tune of 70 mil. shares and the probability is that they will not be required to cover those "air" shares? Bullsh*t.
-------------------- One shot - One kill. Posts: 216 | Registered: Jul 2006
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quote:Originally posted by 10of13: I think the price may be going up tomorrow and for the next several days... St Matt...congrats on grabbing your shares today....they are going to be worth much more than you paid for them...and with out the reset...
Thanks 10...I would not have had the guts to buy more if it were not for you guys. By far the best DD going. Not sure if you remember this, but this is house down payment money I'm playing with.
I was happy with 1250 shares and then bought 1250 more, then 1500 more, then 850 more. I am at 4100 shares and feeling pretty good about my purchase today. Not as many as most of you, but it works for me.
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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posted
Covering Up Naked Shorts Harvey Pitt 07.11.06, 3:00 PM ET
Washington, D.C. -
As crisis after crisis afflicts the business community and our capital markets, all too often the response is a form of reverse laissez faire. Business waits for government to tell it three things: if it has done something wrong, why it's wrong and how to fix it. The ineluctable result is that, like Rick's crooked police pal, Captain Renault, in the movie Casablanca, we're "shocked, shocked to discover" we don't like the government's responses.
Unfortunately (or fortunately, depending upon one's perspective), the business community's repeated crises has given it an opportunity to modify its laissez faire attitude. But so far, it hasn't shown the resolve.
A case in point is the current crisis in short-selling. Short-selling is a useful and critically important capital market phenomenon, but only if done appropriately. Among other things, it provides essential liquidity in thinly traded stocks, enables thoughtful traders to limit the degree of risk to which their portfolio holdings are subject and serves as an effective counterbalance to the herd mentality too many analysts and investors exhibit.
In a real sense, short-sellers are marketplace lone wolves (or, more precisely, lone bears), ignoring the herd, trading against conventional wisdom and sometimes uncovering real corporate frauds far ahead of self-regulators, regulators, prosecutors or even plaintiffs' attorneys. On the other hand, companies have been victimized by professional short-sellers, some of whom, on occasion, resort to dubious tactics--and even market manipulation--to ensure the success of their bearish gambles.
The problem with our current short-selling paradigm isn't short-selling itself, as many CEOs might prefer to believe. It's the ability of short-sellers to sell stocks they haven't actually borrowed in advance of their short sale. It's a phenomenon described, somewhat lasciviously, as "naked" short-selling. Naked shorts expose sellers and those "linked" to the sales to the risk that, when settlement day arrives and shares must be delivered, the short-seller won't have the necessary shares available.
The U.S. Securities and Exchange Commission recognizes this is a problem, but its efforts thus far haven't generated much success. In 2004, the agency adopted Regulation SHO, which, among other things, requires short-sellers and their brokers to have reasonable grounds to believe securities being sold short can be "borrowed so that [they] can be delivered at settlement."
What constitutes "reasonable grounds?" That depends on whom you ask. Many prime brokers, for example, satisfy the requirement of reasonable grounds by assuming that, if large long positions reside somewhere in-house, they can borrow from those long positions without bothering to check if the shares are actually available for borrowing and without ascertaining if those same shares have already provided reasonable grounds to permit another short sale of the same security.
This can lead to "over-shorting" of securities, a phenomenon in which the number of shares shorted can even exceed the number of shares physically available for trading. To combat naked shorting of heavily shorted securities, technically known as "threshold" securities, the SEC's rule requires brokers planning to effect a short sale in a threshold security to have in place, prior to shorting, a definitive arrangement to borrow those shares.
In addition, in May 2006, self-regulatory organizations adopted SEC guidance that any shares bought-in by a broker to satisfy undelivered shorted shares must be applied to the earliest undelivered shorts. This essentially requires brokers to buy-in all shares they've failed to deliver once any shares must be bought-in. In January 2005, there were 520 threshold securities. Today, even with the SEC's efforts, there are still 235, including some that were on the list of threshold securities back when the concept was first created. On Wednesday, July 12, the SEC takes its third stab at trying to solve the problem.
Because of the legitimate concerns this situation engenders, state governments are roiling the waters. Utah has adopted its own law to dictate how short transactions should be effected, and Connecticut has threatened to enter the fray as well. We're in danger of facing a quilted patchwork of state regulations to govern an important facet of what are uniquely national (and global) markets.
At the same time, plaintiffs' lawyers are pressing lawsuits accusing brokers of collecting fees for lending shares to short-sellers without actually having borrowed the shares. If these allegations are proved, the result could be a black eye for the brokerage community, large payments to aggrieved parties and much tighter regulation.
The securities industry and clearing agencies don't seem to recognize that it's only a matter of time before these problems catch up with them and kill off the goose that is, at present, laying very golden eggs. The securities industry needs to seize control and propose effective remedies to increase transparency in stock lending and borrowing.
Securities and clearing firms need to act quickly. Or else they, to paraphrase Will Rogers, will have to be content to live with even more government than they're already paying for.
Harvey L. Pitt is the CEO of Kalorama Partners. He was chairman of the SEC from 2001 to 2003, currently serves on the audit committees of Approva and the National Cathedral School, and writes a monthly column for ComplianceWeek.
quote:Originally posted by Sandusky: So let me get this straight...somebody has short sold this f'r to the tune of 70 mil. shares and the probability is that they will not be required to cover those "air" shares? Bullsh*t.
write letters... go on the record...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Re: Sub penny radio interview. caller is FHAL private share holder and states his shares are restricted for 2 years and he can sell them real soon. Does anyone know the date when these people can sell their shares and how many of these restricted shares do they own. This is important as there will be a flood of shares for sale on this date. Rufus says he will give time for the shorts to cover (9-29-06)+ 14 day extension + an e symbol and fine (CSHDE) for more time. If these shares sell soon shorty gets fed and demand falls.
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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posted
In addition, in May 2006, self-regulatory organizations adopted SEC guidance that any shares bought-in by a broker to satisfy undelivered shorted shares must be applied to the earliest undelivered shorts. This essentially requires brokers to buy-in all shares they've failed to deliver once any shares must be bought-in.
AMTD???
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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CSHD Non-Objecting Beneficial Owner (NOBO) List Identifies 75,487,085 in Market Shorts
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 shareholders to include institutions.
From above link also:
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
So what's going on? Do these NAKED SHORTS have to be COVERED or not?...
Is this not in violation of the Counterfeit Statutes and Securities Laws of the United States?
"VERY Concerned."
Thank for you time.
[full name]
----------------------------------------
They ya go... Bump this around and get it to other messages boards, coordinate our efforts!!!
quote:Originally posted by dollar13: I wonder when this CEO's bs it going to end when they claim they are working togheter with the SEC?
apparently you're not real happy the shorts are going to get squeezed. Too bad for you, and all the better for us. thanks for your contributions on making my butt filthy rich. Posts: 440 | Registered: Jul 2006
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CSHD Non-Objecting Beneficial Owner (NOBO) List Identifies 75,487,085 in Market Shorts
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 shareholders to include institutions.
From above link also:
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
So what's going on? Do these NAKED SHORTS have to be COVERED or not?...
"VERY Concerned."
Thank for you time.
[full name]
----------------------------------------
They ya go... Bump this around and get it to other messages boards, coordinate our efforts!!!
demote yourself one star sir. It is nearly impossible to tell what you sent to them. You psated a bunch of stuff on top and then asked your question? You may lose thier attention. Try putting the question on top and constructing the situation so they get a better feel for it.
Posts: 440 | Registered: Jul 2006
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quote:Originally posted by sandor butosi: Re: Sub penny radio interview. caller is FHAL private share holder and states his shares are restricted for 2 years and he can sell them real soon. Does anyone know the date when these people can sell their shares and how many of these restricted shares do they own. This is important as there will be a flood of shares for sale on this date. Rufus says he will give time for the shorts to cover (9-29-06)+ 14 day extension + an e symbol and fine (CSHDE) for more time. If these shares sell soon shorty gets fed and demand falls.
I know who you are referring to, his will be off restriction by form 144, he has stated when the restriction is lifted they will be at 100 dollars
Posts: 559 | From: MN | Registered: Apr 2006
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quote:Originally posted by dollar13: I wonder when this CEO's bs it going to end when they claim they are working togheter with the SEC?
apparently you're not real happy the shorts are going to get squeezed. Too bad for you, and all the better for us. thanks for your contributions on making my butt filthy rich.
good point sceptor, very well put
Posts: 434 | From: NEBRASKA | Registered: Feb 2005
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It really *is* important to make Congress and regulators aware that more and more voting public are trading and expect the rules to be enforced...
don't overlook state politicos, either...every state has "blue sky" laws and the politicians in charge of that are often way plugged into to the ins n outs of the party machines... they can report "groundswells" of interest to higher-ups that don't have their fingers on the pulse.
quote:Originally posted by dollar13: I wonder when this CEO's bs it going to end when they claim they are working togheter with the SEC?
apparently you're not real happy the shorts are going to get squeezed. Too bad for you, and all the better for us. thanks for your contributions on making my butt filthy rich.
let me know when you start to see something better
posted
I am sending both emails, and hard copy to these places as well as some various other companies, News stations... Let's squeak as loud as we can with this guys...ALL at the same time! You may think that it will do no good..BUT...will it hurt? ITS our $....!!!!
quote:Originally posted by Chartwalker: Email I just wrote to:
CSHD Non-Objecting Beneficial Owner (NOBO) List Identifies 75,487,085 in Market Shorts
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 shareholders to include institutions.
From above link also:
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
So what's going on? Do these NAKED SHORTS have to be COVERED or not?...
"VERY Concerned."
Thank for you time.
[full name]
----------------------------------------
They ya go... Bump this around and get it to other messages boards, coordinate our efforts!!!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
| IP: Logged |
CSHD Non-Objecting Beneficial Owner (NOBO) List Identifies 75,487,085 in Market Shorts
The corporation has received the Non-Objecting Beneficial Owner (NOBO) list from ADP Automatic Data Processing Inc. located at 51 Mercedes Way Edgewood, NY 11717.
"The NOBO list has disclosed 75,487,085 shares above the total free trading shares of 30,918,339 of CSHD. The shares are held by 15,184 shareholders to include institutions.
From above link also:
Ben Stanley, COO, stated, "Our actions have always been to insure the well being of our shareholders. For this reason we are going to work closely with the SEC and all institutional holders to quickly and fairly resolve this issue by September 29, 2006, the last day of certificate exchange."
So what's going on? Do these NAKED SHORTS have to be COVERED or not?...
Is this not in violation of the Counterfeit Statutes and Securities Laws of the United States?
"VERY Concerned."
Thank for you time.
[full name]
----------------------------------------
They ya go... Bump this around and get it to other messages boards, coordinate our efforts!!!
posted
mnvestor- thanks, I remember some I hub post saying that. Do you rember a specific date?
Also shorts can cover easily in 1 week. Say 30mil volume. They buy on dips, say 50% of buys and in 1 wekk they cover. Then demand drops?
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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I am sending both emails, and hard copy to these places as well as some various other companies, News stations...![[Roll Eyes]](rolleyes.gif)
