quote:Originally posted by tradingpennys: There are only 2,000,000 insider shares that are recorded. See for yourself. [URL=http://holdings.nasdaq.com/asp/Portfolio.asp?HolderName=NIAGARA+INVESTMENT+ADVISORS+INC%2FNY&CIK=0001061304&sHead=t&coname=CMKM+DIAMONDS+INC&market=O&strFilterHoldings=N&Desce nding]http://holdings.nasdaq.com/asp/Portfolio.asp?HolderName=NIAGARA+INVESTMENT+ADVISORS+INC%2FNY&CIK=0001061304&sHead=t&coname=CMKM+DIAMONDS+INC&market=O&strFilterHoldings=N&Desc ending[/URL] =D
The post with the naked shorting and it had 0 for CMKM Diamonds was from a site (the link is there too) that has records of all stocks that are shorted. The MM's HAVE to report thier shorts.
IMO there is more than 400 Billion shares out there. I would venture to say more than 450+ Billion. It's not mathmatically challenging to figure it out. The records are all there on the SEC web site on how many they had. Then follow the pr's from there on how many had been retired.
You lost me trading, on the 2,000,000 shares. If I read this right, Niagara is reporting that they own 2,000,000 shares of CMKX. Doesn't seem to have anything more to do with CMKX or retired shares. Please explain.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:Originally posted by noahltl: You lost me trading, on the 2,000,000 shares. If I read this right, Niagara is reporting that they own 2,000,000 shares of CMKX. Doesn't seem to have anything more to do with CMKX or retired shares. Please explain.
Someone asked several posts up about insider shares.
quote:Originally posted by Wallace#1:hey wallace pull up your drawers,youre backside is starting to up all over this thread.... rivercity Upside,
I do not take kindly to anyone taking issue with words that are the equivalent of what that very person continually uses. Nor do I take kindly to the subsequent comments thereby generated. As for the Hyde in me, that is your opinion. It is an interesting and unfortunate choice of a word, but you are entitled to your choices. As for where I may choose to toy with a bit my money, that is my decision. You are among the very few people on the CMKX threads for whom I have any respect. I would prefer we try to keep it that way.
VAN,
No offense, but don't kid yourself. I know what DD is and how to go about getting it. I have been following the CMKX threads from the very beginning and nothing, absolutely nothing, has changed about CMKX or the people running it. Yes, VAN, I have even gone back to some of your posts on threads about UC's companies under previous names. It's all the same. People were asking the same questions and having all the same reservations then as well. What surprises me is that some of those very same people are still buying in to CMKX while still holding shares of UC's co's that have no value at all now.
posted
Originally posted by Wallace#1: TradingWizard into it for 2 months.
..don't follow, elaborate thnx
Oh well did not mean to offend anybody here, I been quite neutral (base+acid=water), like everybody’s opinion good (enjoy Debi's enthusiasm, John's posts, noahltl DD postings ) or bad (like yours or others), sometimes respond to negative posts, sometime posts some researched info and sometimes I get hammered by others and sit back for while and ask my self why.
....anybody please fixed that scrolling issue is really biting me in the a$$$$
quote:Originally posted by tradingpennys: Someone asked several posts up about insider shares.
You guys are really out in force. This is a very good sign for cmkx. Your the same ones that were bashing QBID. You left there and came here. tradingpennys, upside, will, gatorman,harryhar,brad,rivercity,whetstone,wallace#1 and the rest that will be coming on to fool people. Keep doing your dirty work. It won't work, because people eventually see through sick hearts. You guys are sick. So come on give it all you've got, the more you do it the better I feel.
posted
im Dunn Jim Dunn Racing has signed CMKM Diamonds, Inc., as its primary marketing partner beginning in 2005. The multi-year agreement serves notice to the competition that the new CMKX/Lucas Oil Funny Car will race to win during the entire NHRA POWERade series.
To demonstrate the strength of this new partnership, CMKM has obtained a prominent associate-level spot on the K&N Filters/Lucas Oil Funny Car for the remainder of the 2004 season. In doing so, CMKM is proud to be associated with some of the most respected names in the automotive aftermarket industry.
"We couldn't be more pleased to be making this announcement at the half-way point of the season," team owner Dunn said. "With CMKM coming aboard early, it allows us to build our relationship and develop a high-impact campaign for the coming year. Starting in 2005, we'll be known as the CMKX/Lucas Oil Funny Car."
CMKM founder and Chairman of the Board, Urban Casavant, is a veteran in the precious metals industry, having almost 20 years of experience.
"I'm excited to be associated with Jim Dunn Racing," Casavant said. "This is a first-class operation, and with 'Big Jim's' know- how, our team will be in the winner's circle soon. In my opinion, our first big win will equal the excitement of discovering a new minerals claim."
CMKM Diamonds, Inc., is a mining and exploration company with abundant mineral claims in central Canada. The company has over 1 million acres claimed in the Saskatchewan Province of Canada. A great new alliance has been formed and all parties are ready for action.
posted
Wallace managed to use his few brain cells to write this whip-whap:
"JBCak - started Feb., 2004. Probably the most vulgar person I have ever come across"
Number one you idiot I started in stocks in Oct 2003. I bought into Qbid in Feb.2004 I bought cmrc in Jan as well.
As far as most vulgar, come on, some person you talk to on allstocks is the 'most vulgar person'... You need to get out and get a life my friend
Again, noah,pharm,stoned these people have been here for months longer than you and I would take the advice of bird excriment before I took your advice, Mr. Wallace.
You keep making it seem like you will leave, well you will when cmkx drops to .0001 and you buy in again
-John
P.S. I am glad you think I am vulgar. You are a complete douche bag by the way.
Posts: 759 | From: Long Island, NY | Registered: Dec 2003
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noahltl - started trading 3 mos ago. He's the one who always mentions the Basher's Handbook. He is one of the experts now and in just 3 months. pharmdman - only recently into pennies. JBCak - started Feb., 2004. Probably the most vulgar person I have ever come across. Booty Quest - did not divulge WWJD-thru-me - did not divulge 1BIGTIP--
"
You aren't 'cool' or down with the 'in' crowd if your name isn't on this exclusive list.
Now wallac is making lists of all us 'PUMPERS' who by the way many of us are also in Qbid since we tend to follow good picks and stocks,pumpers(roll your eyes)
Wallace NO ONE likes you. You have moved into the position to try to take over this thread. Noah is a pumper, I am, Pharm is too (You are going after all my 'boys' in that little manifesto like list)
even Debi, you are going after. Shut up. WWJD? You are real lucky I am in no way, shape or form his holiness...
Wallace you are a feeble foolish person. You are the grandmaster of stocks? My arse!
You made that list out to point out our experince in stocks. So what if a few or most of have limited stock experince? I bet one of us will become more rich than you will, sooner too. You don't need to be trading stocks like you have been for as long as those diamonds have been sitting in the ground... You claim to be how old? In your sixties? Yet you will sit here and make a list of how long some of us have been in stocks for? What was the purpose? So you are some old fool. You have precoius few years until you start to loose your mind, I suggest you not waste these last moments, sitting with MUCH younger people who aren't a stones throw from the Judgement & the Death card...
-John "
Posts: 759 | From: Long Island, NY | Registered: Dec 2003
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posted
Wallace didn't lose a friend over this stock. He may choose to not have me for a friend over this stock. But he is fine with me. I know he hates this stock and that is his right. I don't want to see any Wallace bashing. Let's just talk about the stocks instead of personalities. I know I get too excited about this stock and I also know it is very frustrating to see the stock sit at the same price every day. That part isn't Wallaces fault. He just is a convenient scape goat for our frustrations. So lets just lay off him. Let's pick on Marvin instead! I mean Melvin--Just Kidding. For real, I think Melvin is an AOK kind of person. Not a company spokesman but may be getting groomed now for that position. That is evidence to me of the law firm being involved (and that would be my opinion). Have a great day all and hopefully it will be green and have a substantial PR. GLTA-DD-IMO-Debi Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Dave -.0004 looks solid and may be gone soon. I am glad I bought another 6.4 million yesterday. I am feeling like that was a good move. I would like to get a free share position but not enough to sell below .0015-.002. A lot of the people who bought at the higher prices won't be selling before a double IMO. I might join some of them if the company doesn't reveal all soon.
I thought this post about Schwab is interesting in light of their Naked short comments. I wonder if some of the huge loss they will be taking is related to that? And I also wonder if they know that if one company sticks it to the MM's over NS more will follow. A good friend who posts here and I have talked about starting a company and upping the share count to 500 Billion when it starts to fall and letting it get Naked Shorted and then buying back all the shares. SOrt of like what CMKX is rumored to have done. If they didn't do that we talked about doing that because it is brilliant. I have to believe someone is doing it if we aren't. Of course you have to have the money to buy back all your shares and find some way to force a cover. It is kind of off topic but semi related. GLTA-IMO-DD-Debi
SCHWAB FIRE SALE
By JENNY ANDERSON -------------------------------------------------------------------------------- July 14, 2004 -- San Francisco-based Charles Schwab & Co. is shopping its Schwab Capital Markets business, backing away from an unsuccessful foray into institutional trading and research, The Post has learned. Boutique investment bank Greenhill & Co. has been retained by Schwab and has approached several firms, looking to sell Schwab's research, institutional sales and market-making businesses.
People who have been briefed on the sale say Schwab would sell the business in pieces or, failing that, shutter some of the operations. The firm has not put a price tag on the business, but it will take a big loss on the business.
Schwab paid $321 million for SoundView Technology Group, which makes up some of its research operations, in November 2003. Now it is selling that unit, along with the other businesses for an estimated $250 million to $400 million.
"It's a giveaway," said one person familiar with the details of the proposed sale. "They are trying to recapture money they have already spent."
A Schwab spokesman declined comment.
Potential buyers could include firms such as Knight Trading Group, foreign institutions looking to broaden their U.S. base, such as a Societe General or Barclays or fast-growing diversified U.S. financial groups like Bank of New York.
The move indicates that Schwab may be re-thinking its decision to aggressively pursue the institutional market rather than its strength catering to individuals — its core business since inception.
Schwab Capital Markets provides market making for more than 11,000 Nasdaq equities and other securities, according to Hoovers.
It bought trading and research shop SoundView Technology Group in late 2003 for a whopping $321 million to build out its services to broker-dealers and institutional clients.
It is those businesses it looks to be shedding, sources say.
There are three components of the unit which is for sale, say people who have been briefed on the contents, including its broker-dealer business, which includes its market making business, program trading and execution business.
The second component includes the institutional sales business, and the third, its research business which includes SoundView, as well as Schwab's well-respected Washington research outfit and Chicago Investment Analytics, which focuses on quantitative research.
That strategy seems to contradict statements made as recently as late April by David Pottruck, chairman and CEO of Charles Schwab & Co.
"The combination of our Schwab's capital markets business, which is the No. 1 or 2 market-maker in over 50 percent of the Nasdaq stocks, that kind of liquidity and trading expertise, combined with the research expertise of SoundView, has more than doubled the pace of institutional trading that we are now able to do," he told CNBC. "Our market share is up in the institutional arena. We think we have a really strong capability in that area."
Documents related to the potential sale say those businesses have generated about six percent of the firm's net income — about $28 million in 2003.
"It's a declining multiple business," said one competitor who asked not to be named.
Schwab appears to be wrestling with what kind of company it wants to be. Founded by Charles Schwab after fixed commissions were abolished in the mid 1970s, it was primarily a discount brokerage shop for years.
Recently the firm has broadened its scope, paying $2.7 billion in stock for U.S, Trust, an investment firm catering to the ultra-wealthy.
That acquisition was generally welcomed by the market, unlike the Soundview purchase, which was viewed as wildly overpriced.
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Someone posted this on another site. Interesting.
--------------------------------------------
Diavik, too, established some new rules. The site was discovered by Eira Thomas of a small junior exploration company then known as Aber Resources Ltd. Back in 1994, the then-24-year-old geologist - a woman with the looks of a model - completely wowed the diamond world with what she'd found. Under Lac de Gras, her team discovered the highest-grade cluster of diamond-bearing kimberlites in the world. Then she went on to continue to impress that world: in negotiating the deal with Rio Tinto, a multinational mining company brought in to finance Diavik, Aber managed to hold on to an unprecedented 40 per cent of its diamonds, in perpetuity. In a conventional deal, a junior exploration company might tap into a mine's revenue stream, but not the actual product. Thomas's deal with Rio Tinto not only made her extremely wealthy, it catapulted Aber - now known as Aber Diamond Corp. - into the industry's big leagues. Aber then made a deal to sell its stones to jewellery giant Tiffany's, completely bypassing the De Beers middlemen and further draining power away from the cartel.
Thomas, today an Aber director and CEO of a new resource company, Stornoway Ventures Ltd., is again searching for more diamonds. Stornoway has hooked up with other exploration companies and controls over 4.5 million hectares of potential diamond properties across the North. "That's our strategy: spread the risk and get involved in as many quality projects as possible," she says. The world has changed for junior exploration companies, she says. A decade ago, exploring for diamonds was considered too risky for a small venture. While investors are still skeptical - in large part a hangover of the Bre-X Mineral Ltd. gold-salting fiasco of 1997 - investors are warming to exploration companies such as the ones she's associated with. Aber, once a penny stock, is today the world's largest publicly traded diamond company, its shares currently selling for roughly $32.
posted
L2 update. After an hour of trading, volume is low, still under a billion. Trades looking more like retail now and price is pretty steady at .0004. Look in the boat's rearview mirror, is that Wallace standing on the deck waving "bye"?
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Well this is an interesting post from CMKX unofficial board:
I just called Melvin and got his voicemail and it said "You have reached the Saskatchewan Diamonds Hotline." It also said it was July 16th and he would be out of the office until July 19th. What is Saskatchewan Diamonds?
Dragon
The message had originally stated "CMKM Diamonds", now "Saskatchewan Diamonds". Others on the board called and verified. Does this fortell a new company name?, new players? (don't think Casavant would let his name be left off if it was his choice), new PR today?, or is Melvin just messing with out minds.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
Wallace: hang on to this recipe, and I will too. We'll see what's on our plate soon.
Crow Pie
1 crow stuffing of your choice salt and pepper shortening flour 2 Pie crust mixes 2-3 hard-boiled eggs
Stuff the crow. Loosen joints with a knife but do not cut through. Simmer the crow in a stew-pan, with enough water to cover, until nearly tender, then season with salt and pepper. Remove meat from bones and set aside.
Prepare pie crusts as directed. (Do not bake)
Make a medium thick gravy with flour, shortening, and juices in which the crow has cooked and let cool.
Line a pie plate with pie crust and line with slices of hard-boiled egg. Place crow meat on top. Layer gravy over the crow. Place second pie dough crust over top.
Bake at 450 degrees for 1/2 hour.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
L2 very interesting today. CRWN went up to .0005 and immediately a 300 signal went through at .0004. (300 signal - "take the price down to get shares")
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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posted
[QUOTE]Originally posted by JBCak47: [B]******************THE COOL PEOPLE'S LIST******************
noahltl - started trading 3 mos ago. He's the one who always mentions the Basher's Handbook. He is one of the experts now and in just 3 months. pharmdman - only recently into pennies. JBCak - started Feb., 2004. Probably the most vulgar person I have ever come across. Booty Quest - did not divulge WWJD-thru-me - did not divulge 1BIGTIP--
"
You aren't 'cool' or down with the 'in' crowd if your name isn't on this exclusive list.
Hey, I'm sittin' on an ice cube so I'll be cooool. OOPS, where'd it go, CD
Posts: 240 | From: Buda, Texas, USA | Registered: May 2004
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I am flattered to be part of your bashers list. Considering the other guys you named have done a considerable amount of work in theorizing on some negative aspects about the company, I on the other hand, have probably on made one or two negative theories, with about 10-15 posts maybe explaining why I am long and why I own over 17 Million shares. Do you even own that many? You're a sucker...
posted
Just tried to verify it but couldn't. His voicemailbox is full so you don't get to hear his recorded message.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Noah-I had read a post on another board that they had the new name on the machine previously. But it escaped my thinking that before it may have been premature but maybe just about time for it now. Time will tell to be sure.
Noah -About the crow recipe. Now that you have published it be sure to keep it around. If my friend is correct we will have to make a double batch for us to share. You skipped a step though. You forgot to pluck the feathers. It makes a big difference. And a few jalepenos could only help this recipe IMO. -Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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posted
Are there any Ameritrade Apex members here? I cannot access CMKX on L2 on my Ameritrade...I cannote access L2 on a few pinks...is this true or you guys out there with L2 from Ameritrade or is this a problem with my account? Anyone?
Posts: 212 | Registered: Jan 2004
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Rumor flash, one of Sterlings classmates at the gate to get into races in Denver. She phoned in to let jckline know that they heard the car will be painted today and no-one has seen it yet. Might have some interesting new names on the car huh? I will keep you guys posted on updated news from Pal Talk as the day goes on
New paint, new name????????? Could be they're going to paint JEFF near the tailpipe.
Posts: 2 | From: Noblesville, IN | Registered: Oct 2004
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quote:You guys are really out in force. This is a very good sign for cmkx. Your the same ones that were bashing QBID. You left there and came here. tradingpennys, upside, will, gatorman,harryhar,brad,rivercity,whetstone,wallace#1 and the rest that will be coming on to fool people. Keep doing your dirty work. It won't work, because people eventually see through sick hearts. You guys are sick. So come on give it all you've got, the more you do it the better I feel.
Just to set the record straight, I've never posted a single negative comment about QBID. As a matter of fact, I think I've posted there all of 5 times, with three of them being within the last week when I day traded it. You should probably get your facts straight before making accusations.
posted
It doesn't seem to be the smartest thing to do by sponsoring the crap out of those races with the name CMKX Diamonds, and then changing the name to Saskatchewan Diamonds...doesn't seem logical.
Posts: 212 | Registered: Jan 2004
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posted
I just verified that domain has been registered and the registration has been made private, so you can't find out who registered it. www.saskatchewandiamonds.com = [ 64.202.167.192 ] Registrant: Domains by Proxy Inc. Registered through: GoDaddy.com Domain Name: SASKATCHEWANDIAMONDS.COM Domain servers in listed order: PARK9.SECURESERVER.NET PARK10.SECURESERVER.NET
posted
I read this very long article on Naked shorting and will supply the link if anyone wants to read the whole post. This portion was great to read and I feel vindicated about my belief that Naked shorting has accelerated in the OTC since April and I have not been buying much stock because of NS since May. I have no confidence in this market until it is taken care of. That is one of the main reasons I kept buying CMKX. I thought and still do think that they will be one of the catalysts for changing the way trading is done. DD-GLTA-IMO-Debi
RECENT DEVELOPMENTS WITHIN THIS “INDUSTRY WITHIN AN INDUSTRY”
Within the last two months the world of naked short selling has been changed forever. Three separate events have rocked the world of the naked short sellers. Since the secrecy of the modus operandi is so important to these people, the headlines caused by these three events is not welcome at all by the perpetrators. The first event was the arrest of Anthony Elgindy and the exposure of his methodologies of naked short selling utilizing the services of two allegedly corrupt FBI agents. Elgindy and his huge following have allegedly been one of the pillars in the naked short selling community. The second event was the sudden bankruptcy of the Canadian Brokerage Firm which has been the alleged “headquarters” for naked short selling worldwide. The third event was the arrest of the CEO of this firm for attempting to naked short sell $30 million worth of three companies’ shares to an undercover FBI agent. The “Winds of Change” do seem to be blowing a bit, and it wouldn’t take much of a breeze to knock down this “House of cards” the naked short sellers have built.
The significance of these three events is not just getting these individuals and institutions out of commission. The real importance is the education that the public is about to receive in regards to naked short selling as these trials and bankruptcies go forward. Again the secrecy factor is the key to naked short selling. If the investing public knew what was going on behind the scenes on the OTCBB and Pink Sheets, then the uproar caused could mushroom into a total lack of confidence in this system, which is already on its knees after the Enron and Anderson debacles. If this knowledge did become commonplace, then at least one of the main two prerequisites, that of not registering and demanding delivery of shares, might be eradicated.
Two Canadian Brokerage Firms were recently sued by a client for not delivering the share certificates that he had demanded the delivery of. He had obviously been naked shorted the shares by both firms. In their statement of defense, the attorneys for the 2 firms claimed that it was the actual client of theirs doing the naked short selling that owed the share certificate to the client/buyer and not the firm. The Customer Protection Rule would obviously beg to differ. This is a typical example of the mentality of the Canadian Brokerage Firms.
The Canadian Regulators have just “lowered the boom” on the behemoth BMO Nesbitt in regards to “Serious Know your client deficiencies” and “Failure to supervise brokers”. Many of those 13,000 “offshore corporate” accounts have tens or even hundreds of millions of dollars playing the naked short side of the market. A broker managing these accounts is supposed to look into the sources of these funds to rule out any illicit activity like money laundering. In the U.S. the recently enacted Patriot Act demands that brokers scrutinize these funds and file “SAR”s (Suspicious Activity Reports”) when illicit behavior is suggested. This was implemented mainly as an anti-terrorist funding measure, but hopefully will spill over into keeping in check naked short selling. The dynamics of bringing to the public’s attention this insidious disease of naked short selling, has never been more exciting than at the present. The public is about to be immersed in learning the mechanisms of action of the Elgindys, the Valentines, the Thomson Kernaghans, these 13,000 offshore corporate accounts, money laundering, tax evasion aspects, etc.
LONG TERM SURVIVORS
An important aspect of these naked short selling wars is the length of time that the victim company has been under attack. When these naked short selling “gurus that can smell a scam from 40 miles away” guess right and beat up a scam company, the company doesn’t have a chance because of the vicious nature of naked short selling. The lack of assets of the company will be exposed and announced from the mountaintops.
What are interesting are the battles that ensue when these “gurus” misdiagnose a “real” company with “real” assets as a scam. The naked short sellers will still be able to knock the market cap down by 99%, but often it becomes tough to “Kill” the company. Investors that know that the company has the goods can sit back and buy shares at a tiny fraction of book value and thereby average down their previous purchases. Since the size of the naked short position is of a cumulative nature, increasing with the age of the battle, a point is reached wherein the naked short sellers cannot afford to cover this massive naked short position without driving the share price to the moon. This is when the games get really dirty because hundreds of millions of dollars are now up for grabs, winner take all.
THE DAMAGES
One has to wonder how many young micro cap corporations with great promise have been snuffed out while in this incubator of the OTCBB and Pink Sheets. Have we missed out on any potential cures for cancer or high tech breakthroughs? What happened to the dreams of all of those entrepreneurs who put every penny they had into their private companies in preparation for going public, and then getting massacred once public?
RECORD KEEPING AT THE DTCC
For an annual fee of $1,850, a corporation can receive from the DTCC a weekly update as to the number of shares that each of the brokerage firms on Wall Street have for a given corporation in their “Shares” account. Keep in mind they all have “cash” accounts also. The problem with these lists are two-fold. They only reflect the number of shares for which “Good Delivery” was attained. They also don’t address whether or not that brokerage firm owes any shares to a common “pool” of shares there available to any broker/dealer in need of quick shares. If for example the weekly DTCC Summary states that a broker/dealer has 1 million shares of a given corporation’s stock in their account, this must be compared to the sum of all shares being reflected as owned in the monthly statements of that firm as mailed out to their client/shareholders. Let’s assume this total is 4 million shares. The difference between these two figures can be characterized in several ways. The difference represents: 1) The naked short position of that firm, 2) The number of shares bought by that firm for which “Good delivery” did not occur, 3) The number of “Bogus electronic entries” that firm has on its books and that gets mailed out every month.
Wall Street can camouflage very well the number of shares represented by the sum of all shares being reflected as owned in monthly statements. An indication of this number can be attained by a corporation receiving its “NOBO” list or list of non-objecting beneficial owners. To this number must be added the number of shares owned by “OBO”s or objecting beneficial owners. When a person signs up for a brokerage account he is asked to check a box denoting whether or not the company in which he owns shares of has the right to know of his shareholdings. If he does not object to this, then he is a “NOBO”. The “NOBO” lists are available from ADP Brokerage Services Group at 1-888-237-1900.
When a person adds the total shares held of a given corporation at the DTCC to the number of shares held by “Registered” shareholders in safe deposit boxes, the sum will equal the issued and outstanding number of shares of that corporation exactly. So at first glance, all seems to be in order until you realize that the DTCC list only represents “Good deliveries” which on these trading venues is the exception and not the rule. And so the fraud is perpetrated on and on and on.
In regards to the “Pool” of shares held at the DTCC that is available in the case of an emergency, this was allowed by Addendum C- (1) of the NSCC’s (National Securities Clearing Corp.) rules and regs. They were taken over by the DTC several years ago, the amalgamation of which formed the DTCC. The Lending Departments of a firm monitor things here and are one of the biggest profit centers in any firm. From a practical point of view, until this pool is 100% empty of shares, don’t expect any upward pressure on share prices due to the borrowing ability provided by the pool. Once it is empty, however, each further demand for the registration and delivery of shares should theoretical cause a forced buy-in of shares under a “Guaranteed Delivery” basis. Once shareholder groups get organized it is relatively easy to empty out their “pool” at the DTCC. If a company has 70 million shares at the DTCC and a naked short position of 500 million shares, then all that shareholder group has to do is withdraw 70 of 570 million shares available to be withdrawn. As was stated earlier, all of the brokerage firms represented along the chain of events of one buy order are HIGHLY incentivised not to demand the correction of those “Failures to receive and deliver”. ---------------------------------------------
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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quote:Originally posted by HarryHar: Are there any Ameritrade Apex members here? I cannot access CMKX on L2 on my Ameritrade...I cannote access L2 on a few pinks...is this true or you guys out there with L2 from Ameritrade or is this a problem with my account? Anyone?
Harry- Ameritrade doesn't do L2 for pinks. Also, the streamer doesn't show bid / ask, and the streamer chart doesn't draw, although it does show a trade when it happens.
Posts: 1872 | From: right here | Registered: Apr 2004
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posted
Welp, JEFF just moved his ASK up to 0005 leaving only 5 more MMs at 0004. There are 10 MMs on the bid at 0003.
Posts: 1210 | From: Virginia | Registered: Feb 2004
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OREO Cookie sized Diamonds found Add Top Stories - Reuters to My Yahoo!
By Tabassum Zakaria
The results have finally been exposed to the public. Diamonds the size of oreo cookies have been discovered by CMKM Diamonds Inc., The CEO Urban Casavant said he did not want the news to leak out so soon until the company was fully reporting. Since that is Not in the near future we decided to let everyone in on our discovery. These findings were from the Fort a la Corne drilling. Casanvant went on to say that he was elated over the positive feedback he has gotten about the last press release of the race schedule.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
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