does he really claim to know WTF he's talking about?
Posted by: serfdom In reply to: ergo sum who wrote msg# 78848 Date:9/20/2006 11:52:29 PM Post #of 78869
Ergo...just had an interesting question via PM, which made me stop and think.
NOBO lists only show REAL shares and REAL shareholders. They would not show FTDs, which technically are shares that don't exist.
I have spoken with many transfer agents - they have all told me there is no way they can calculate shorted shares, although some of them try.
The only way to get accurate short counts is for the SEC/NASD to poll the market makers. MMs will only release that information to them, because it's a law.
So IMO, this NOBO list PR is a crock of BS. Apples vs. Oranges. You agree?
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
If the shorts drag azz and get nervous at the last minute this thing could launch like GVRP did on that one Friday last year. There was a last minute attemp to cover and the share price went from about $1.50 to over $10 within minutes. Glass would remember that one.
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quote:Originally posted by glassman: this guy is hilarious...
does he really claim to know WTF he's talking about?
Posted by: serfdom In reply to: ergo sum who wrote msg# 78848 Date:9/20/2006 11:52:29 PM Post #of 78869
Ergo...just had an interesting question via PM, which made me stop and think.
NOBO lists only show REAL shares and REAL shareholders. They would not show FTDs, which technically are shares that don't exist.
I have spoken with many transfer agents - they have all told me there is no way they can calculate shorted shares, although some of them try.
The only way to get accurate short counts is for the SEC/NASD to poll the market makers. MMs will only release that information to them, because it's a law.
So IMO, this NOBO list PR is a crock of BS. Apples vs. Oranges. You agree?
skimming, seems reasonable to me...what's the flaw you see?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
skimming, seems reasonable to me...what's the flaw you see?
it shows all shareholders...unless they object to being identified.. but it still counts them..
if you sell short? the person who buys your shorts still has shares...
that's one of the things i've seen people get nervous about for no reason...
your shares are YOURS... someone wrote you a check that you can cash, and it is in your account..
i did go over this very carefully with several brokers several time in the past...
this premise that the NOBO list won't count shorts is an idiotic attempt to spread rumors and lies.. it won't ID which ones are shorts... but it ID's all shares beneficially owned.. beneficial means that you enjoy whatever rights they have withthem... rights to sales, dividends that sorta thing
serfie is either working for shortie or playing dumb..or is, well, er uh, you know...
he's the same guy that posted that thing about shorting UP....
going naked every time? heh, illegal..
borrowing shares? you have to pay INTEREST on what you borrow..just like a credit card... and the PRIME is now 8plus percent...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
Glass, Thanks for the update. I was not intending to compare the two except for the possible short squeeze situation the day prior to the price adjustment.
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quote:Originally posted by JHenry: If the shorts drag azz and get nervous at the last minute this thing could launch like GVRP did on that one Friday last year. There was a last minute attemp to cover and the share price went from about $1.50 to over $10 within minutes. Glass would remember that one.
yup...
I was there...
in fact, as I recall, the $10 HOD was Glass selling above ask...convinced me the deal "was on." Was green as a spring grass--had no idea Scottie would suspend trading...
Glass? will review...thx
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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posted
the debenture was canceled BTW? in a/an RW... Filing Date: 3/28/2006
The Company further advises the Commission that no shares of common stock sought to be registered pursuant to the Registration Statement have been sold or offere
it's amazing what some people will do..
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by lostone: i'm just afraid the MM's will fight back.. they always seem to find a way.. hoping for the best tho..
i agree lo... they have already been fighting tho...
and we can even see who their agents are, on some boards..
the difficult part is IDing the difference between those who just don't know or are ignorant about why they are "bashing", and who is really on the "wrong" side...
the MM's are not suposed to use NSing this way..
they NEED to be able to NS to provide liquidity...
using it this way is wrong... just as the way they used it in ACTC was wrong..
that's why i stopped posting picks last year..
after a while? i finally saw just how much they use it....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by betting babe: glass, so with GVRP ... did it rocket, you got out and others got stuck cuz the brokers suspended trading? or how did that work?
do you see us being unable to sell for any reason?
gvrp was a million to one FWD split that got messed up...
one of the insiders sold some of his shares before the split legally took effect...
he should never have had them, much less sold them for 3$ or whatever cus they were being FWD split in the millinos..
pre-split? the shares were about 2$ to 4$ onthe last day before the split? i sold some that i had above the ask at 7.50 and some at 8$... after the split? Scottrade suspended selling your shares until they were reverse split back down to nothing again...
BTW? i was holding less than a thousand pre-split shares, and sold only half... i NEVER recomended to anybody to buy more than a hundred dollars worth or so... we ahd no way of kowing at the time who was actually selling the shares, but we KNEW for sure they weren't supposed to be on the market..the OS was 15 shares, and we were buying hundred lots...
there was nobody in the play that thought it was a slam dunk from me or keithsan, we all said it was "geek play"...
and? i told people up front the play had little chance of succeeding... it's in the record here still, go back and read it if you wish...
we were held back by the brokers and the DTCC
BUT? the big differnece at GLUV is that one insider at the company had sold his shares that didn't exist yet...
it was not the same type of play as this one...
i can't imagine any broker saying you can't sell your shares here, but as we have learned? anything is possible...
if the MM's can just sell whatever thay want to? and then suspend trading? there is no market anymore...
when you buy a shorted share? you are buying a BLANK CHECK... you have that share in your account..it's up to you and the market what you sell it for...
[ September 21, 2006, 01:28: Message edited by: glassman ]
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Let's take a look at the issue surrounding shorters being grandfathered out of covering FTD's. First, what is Grandfathering???
The requirement to close-out fail to deliver positions in threshold securities that remain for 13 consecutive settlement days does not apply to positions that were established prior to the security becoming a threshold security. This is known as "grandfathering."
Ok, so you need to be a threshold security to be safe...
1. What is a Threshold Security?
Threshold securities are equity securities that have an aggregate fail to deliver position for:
* five consecutive settlement days at a registered clearing agency (e.g., National Securities Clearing Corporation (NSCC));15
* totaling 10,000 shares or more; and
* equal to at least 0.5% of the issuer's total shares outstanding.
But does CSHD even qualify as a Threshold Security??? How can you verify it?
3. Where Can I Find Threshold Lists?
Nasdaq (includes Nasdaq issues, OTCBB <-- CSHD, and other OTC issues) NYSE AMEX CSE ArcaEx
Market Category: Q — NASDAQ Global Select MarketSM G — NASDAQ Global MarketSM S — NASDAQ Capital Market® U — OTCBB u — Other OTC
Reg SHO Threshold Flag:
Y = Yes, if the issue is subject to mandatory close-out requirements of Regulation SHO N = No, if the issue is NOT subject to mandatory close-out requirements of Regulation SHO
Rule 3210: Y = Yes, if the issue is subject to mandatory close-out requirements of Rule 3210. N = No, if the issue is NOT subject to mandatory close-out requirements of Rule 3210.
Shorts have no way out. CSHD is a threshold security. EVERY share must be covered. There will not be any FTD's.
Then a response from Rufus!!!! Originally Posted by RufusPaulHarris A Really Super Job!
I commend you’re DD.
Only post for the night, this is only going to get more interesting shareholders.
Long and Strong.
-------------------- Disclaimer: Not accountable for anything I say
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PLEASE ASSIST U.S. CITIZEN RE: SEC MATTER - YOUR ACTION IS REQUESTED
Dear Sir and Madam:
As a taxpayer, member of the voting public and citizen who takes pride in management of my financial future, I am writing to express my concern over a matter recently affecting me – Naked Short Selling. I have invested in a company with my hard-earned money much as I would deposit my money in the bank – under the impression that there are laws in place and a monitoring system by a government agency to ensure that trading participants and corporations act with fairness and honesty in the free marketplace. Unfortunately, it has come to my attention that the SEC has been very lax in enforcing what little regulation it has put into place.
Specifically, I am a stockholder in the recently-merged recently-formed company Conversion Solutions Holding Corp (CSHD). The CEO of the company has made blatant and bold statements as to the naked shorting position held by shareholders and institutions and, in a nutshell, stock manipulation in the marketplace. My concern is that none of the accused corporate entities nor government agencies have stepped up to address the matter.
As you can imagine, I am greatly concerned as this matter directly affects me, my financial efforts and my future well-being. If the market is allowed to continue as a free-for-all while government entities turn their heads, then personal investment and personal wealth management will become pointless.
I ask you – what will be left? If the SEC allows the marketplace to be flooded with counterfeit shares, in what state will our open free-trading market be?
I understand there are important matters to attend to in these times, but it will behoove you to make a statement regarding this matter. I IMPLORE you to make a statement on this matter, to protect the integrity of our investment community.
With appreciation for your prompt attention,
~BB baby yeah yeah (insert your name here )
Hitting all these emails with the same subject line will show strength in numbers. I've included both gov’t officials and orgs, and also primary newspapers.
posted
I can't believe nobody posted the PR under JUICE's PR thread. I leave for a couple of hours and all you guys can do is talk about how Glassman pumped some stock, when I was probably still in diapers......J/K Glass, please don't ban me. GLTA in the A.M, may it be all that we HOPE for. Goodnight
quote:Originally posted by glassman: LOL cassity you've been banned for weeks already... we're still not sure how you are posting
It's because me and Rufus are homeboys. What Rufus wants Rufus GETS. Dang you gotta love that name. Da Ruf, Da Ruf, Da Ruf is on FIRE! O.K enough of being a JackA$$. Night
A. “Street name” is the term given to securities held in the name of a brokerage on behalf of a customer, usually done to facilitate subsequent transactions. Street name refers to beneficial shareholders who maintain their ownership through a brokerage. Street name holders are the opposite of registered holders.
Q. Can I find out who the “street name” holders are?
A. Typically, “street name” beneficial owners are not identifiable. However, an issuer may be able to identify a portion of the “street” population by obtaining a listing of Non-Objecting Beneficial Owners (“NOBO” list). An issuer can request a NOBO listing from ADP. The listing will indicate those beneficial owners who have instructed their broker that they do not object to the disclosing of certain ownership information about themselves. Beneficial owners that do object to the disclosure of certain ownership information about themselves are called Objecting Beneficial Owners.
Non-Objecting Beneficial Owners and Objecting Beneficial Owners constitute the entire “street name” population. Consequently, a NOBO list will only provide the identities of a segment of the aggregate beneficial owner population.
Q. What is ADP?
A. ADP (Automatic Data Processing) is a firm that many of the brokerages have contracted with to perform annual meeting mailings and proxy tabulations. Individual brokerage houses have out-sourced annual meeting processing to ADP. When a broker search is performed, the results often indicate that a large percentage of the proxy material is going to be delivered to ADP for further distribution to the beneficial holders of the various brokerages. ADP will mail the proxy material to beneficial shareholders and tabulate the proxy results. There exists a small percentage of brokerages that have not enlisted ADP to perform annual meeting processing.
Something interesting is in bold... could there be more?
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posted
Nice tax! ... so in effect, the total short count would be a minimum of 75.5m shares and would exceed it by as many of the OBO shares, that do exist. Nice ... It all adds in!
-------------------- ... make you're decisions only on you're own DD ...
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