posted
Here is the email response I got back from Ameritrade when I sent a message to them regarding CMKX shares being shorted. I indicated to them that I was considering requesting the actual certificates because of naked shorting theory. Here's their response to me.
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Dear Brad:
Thank you for contacting us today regarding your CMKX shares.
Stock certificates are always available if you would like to have them. You can request a stock certificate by choosing Stock Request on the Account Services drop down menu, on the Web site.
We will charge $40 per stock certificate (not per stock) that is sent out in registered form (in the client's name). The request is sent to the transfer agent who in turn will send the registered shares directly to the client. The request will take between 2-4 weeks.
We strongly recommend against holding stock certificates in physical form due to the possibility of theft, loss, or damage. Most importantly, stock certificates in your possession can not be actively traded. Ameritrade, like all other brokerage firms, keeps its clients' certificates at the Depository Trust Company.
There are two ways you can make sure your shares are not shorted: you can remove margin from your account, or you can request stock certificates for your stock.
To have margin trading approval removed from your account, please take the following steps.
1) Any margin debit must be paid off to bring your account to 100% equity.
2) There can be no existing short or option positions, and no unsettled trades.
3) When your account meets the above requirements, please log into your Ameritrade account and send us a message using the "E-mail Us" link which can be found in the yellow bar at the left side of any page within your account. In the e-mail, you should specifically request the removal of the margin trading approval from your account. Once we receive your message, please allow 3-5 business days for the request to be processed.
*Please note that any trading activity in the account during this process will delay the conversion.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Patrice Murphy Client Services - Ameritrade Division of Ameritrade, Inc.
quote:Originally posted by sarki316: WALLACE I WANT TO KNOW TO WATCH THIS STOCK TODAY BECAUSE IT WILL MOVE. IT WILL HIT THE PENNY TODAY. TOUGH GUY!!!!
Let's make a deal! If it hits a penny today, I'll buy you a case of champagne (or beer or moonshine or whatever you prefer). If it doesn't, you will stop posting such garbage, OK?
posted
Good Morning America (and the rest of the world). As you may have heard, Darren Baker has set up a collection account for the benefit of Melvin's wife Vicky, who is terminally ill. Please, please donate some money, I'm sure they can put it to good use. The account Darren set up is with Paypal (www.paypal.com). If you already have an account with PayPal, just log on, click on "send money" and enter Darren's e-mail (darrenbaker@opmercy.com) and the amount you wish to donate. If you don't have an account with Paypal, set-up is very easy. You can either have the funds drawn from your checking account or a credit card. This service is totally safe. It is used by many ebay users as the only vehicle of transferring money. I use it all the time (for ebay mostly) and I am very happy with it. Let me know if you need help with the transaction or anything else. You support will be highly appreciated.
[This message has been edited by Money_Penny (edited July 21, 2004).]
posted
Okay!!!! I am not a person who like to talk crap. I speak the truth. This is what I hear from my boys on the floor. I called qbid
quote:Originally posted by Money_Penny: Let's make a deal! If it hits a penny today, I'll buy you a case of champagne (or beer or moonshine or whatever you prefer). If it doesn't, you will stop posting such garbage, OK?
posted
TEENAGER I did post a topic there and it was removed; I assume the moderator feels it is a CMKX topic. Hope someday when you are older a similar situation does not plague you. TP I see both sides of the coin also and reject one of them. I think we have a split personality on board.(writing both sides of coin) Let me offer a solution if all of this is ligitmate(free speech and all) 75% less posts! VAN
[This message has been edited by VNGNTN1 (edited July 21, 2004).]
posted
DARREN Check your email ALL After thinking for a few days, would yo all agree the last 2 PR's have not helped to much, but niether have they hurt? There is also a good chance later for positive movement! No matter which side you come down on you must be evaluating PR in these terms ????? VAN
[This message has been edited by VNGNTN1 (edited July 21, 2004).]
[This message has been edited by VNGNTN1 (edited July 21, 2004).]
quote:Originally posted by VNGNTN1: ALL After thinking for a few days, would yo all agree the last 2 PR's have not helped to much, but neiether have they hurt? There is also a good chance later for positive movement! No matter which side you come down on you must be evaluating PR in these terms ????? VAN
I would agree Van that the PR's didn't help the PPS over the short term but IMO it helped by putting the MM's on notice and we all now have a date to shoot for. Aug. 20 That helps me since I don't have to sit around and wonder. I'm just waiting until then.
[This message has been edited by Brad (edited July 21, 2004).]
They had a great time w/ Urban, Ron and the CMKX family.
I did not take the pix but, to my understanding.......
Top Left - Willy Wizzard Under Saturday - RIGHT side - second down - TOPO Left side 3 down - UCAD Pres. Right Side - 4 down - Mrs. casavant Very Bottom - Sterling on the Line
PLUG ; Do not ignore the banner ads on that page. They are mine! Follow the link please.
PAUL
[This message has been edited by PAUL (edited July 21, 2004).]
posted
Sarki, I am "glued" to my screen watching the ticker, no 2000% increase yet! When will it come? Didn't your buddy tell you, I mean he is on the floor so he should know, right?
[This message has been edited by Money_Penny (edited July 21, 2004).]
posted
I want to get clarification on something I read last night. The volume that shows up on our streamers, is that for total shares traded, i.e. sells plus buys, or is it for net sells, i.e. sells minus buys? Can someone clarify please? Also, why does the volume vary from service to service, where can I go to get an accurate number? Thanks.
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posted
MP It is my understanding that BUY & SELL are the same share( you can't sell unless someone buys). If you are refferring to shorting(NORMAL) there is an opposing shares in some brokers(MM) account(NAKED) The is an electronic share logged. So if 4bn is on your streamer 4bn sold & 4bn Bought VAN
[This message has been edited by VNGNTN1 (edited July 21, 2004).]
posted
LOL. I see now that was somewhat of a stupid question then. So when an MM sells a naked share, it still shows up as a sell & buy? Why do I hear then that "the buys outnumbered the sells". What creates that situation? I think I may have slept through investing 101, LOL.
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posted
Paul/Darren May I suggest that we create new thread for Vicky, and kindly someone can bump up to the top once in the while. The CMKX thread generates 4 pages a day and some of us may never see it - it takes 2 hours to read when it is a good stuff....
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
posted
It is called Aplastic Anemia. It seems to be related to a form of Leukemia, although it is specifically a bone marrow disease. http://www.aplastic.org/diseases.shtml
Hope this helps.
Kev
quote:Originally posted by buzz357: Regarding Melvins wife.I don't remember exactly what she has but I do remember they were trying to find somebody with her blood type but were not able to find anyone because it was so rare.Unfortunately they never specified what the type was.I do remember it was a life threatining disease.If anybody sets up a fund you can count me in for a donation.
posted
hey xchange, don't type in all caps, I dont even read your posts because all caps is so annoying. Between you and diana I hate people thinking it gives them more attention.
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quote:Originally posted by kguts11: It is called Aplastic Anemia. It seems to be related to a form of Leukemia, although it is specifically a bone marrow disease. http://www.aplastic.org/diseases.shtml
Hope this helps.
Kev
Aplastic Anemia isn't a form of leukemia. That page refers to MDS being a pre-leukimic condition that can convert to leukemia. MDS is not related to Aplastic Anemia though. Just a clarification.....
-------------------------------------------------------------------------------- on Today at 09:49am, Covert $$$ wrote:This is one of the weapons in the MM's bag of dirty tricks. They trade between themselves, it keeps the volume high and the pps low. To anyone on the outside, it appears that there are plenty of free trading shares floating around in the market. This practice makes the stock look like it has no value, when in fact, we all know that it does.
If we all hold on to our shares with a death grip, in time, the MMs will succumb to the realization that in order to attract the shares they need to cover their shorts, they will have to allow the pps to climb.
Bingo! That is exactly the position we are in IMO. The slug MMs are managing the perception of the market. Problem for them is most (hopefully) shareholders have either dome their own DD or have accepted the DD done by others and are in a holding pattern for a much higher price.
Time works against the MMs.
They NEED to cover by a certain date. We DON'T NEED to sell by a certain date.
Sterlings Scenario suggests two 500 Billion inventories as a mirror: 1st inventory = 500 billion naked short shares sold to us at $15 billion 2nd inventory = 500 billion NSS sold to MM's by MM's for $250 million
This totals 1 trillion NSS = $15 billion – $250 million = $14,750,000,000 Which has already been spent a long time ago.
Scenario says: 1st Inventory made $15 billion all profit for MM's 2nd Inventory cost $250 million expensed from profits of 1st inventory sell and is not an actual expense. Actually the $250 million was for NSS created out of thin air so all of the profit goes right back to the MM’s so there is no cost at all and the Profit would still be $15 billion from the first sell of the NSS in the 1st Inventory. So since it was spent a long time ago the MM’s are still FLAT for the day with 1 trillion NSS in hand.
The MM’s have to get the NSS out of the market that they sold us and make them cease to exist. How? The scenario suggests $15 billion put back to wash out the old transactions and get the 1st NSS out of circulation. How? The scenario further suggests a boosting of the BID price to entice us to sell the NSS we are holding so they can be captured and extinguished.
The explanation is that the levels of covering is pretended to be .10/.20/.30/.40/.50
The 1st shaking produces 100 billion NSS kicked lose and covered for a measly .10 each or a maximum of $10 billion paid for by the MM's and is used to cover 100 billion of the 1st inventory and exterminating the 100 billion of the 500 billion NSS of the 1st Inventory
This makes the MM's $10 billion in the hole they paid out for the 100 billion shares of ours.
Now to recoup that the scenario suggests that the MM's now will sell 100 billion of its own NSS from the 2nd Inventory to none other than themselves thus recouping the $10 billion they had to pay for our 100 billion NSS from the 1st Inventory.
This makes sense:
Pay $10 billion for our shares and dispose of them Then pay $10 billion for their own shares and dispose of them
Now the MM's are down $20 billion with the exception they just made $10 billion from themselves so they are actually only down $10 billion. But if you subtract the $10 billion they are down from the $15 billion they made as profit from the first inventory of NSS then they are actually still $5 billion ahead until you subtract the $250 million it took to buy the 2nd inventory which actually didn't cost them anything because they created NSS and sold them to themselves so they still made $250 million profit off the 2nd inventory and are still up a full $5 billion.
So they have successfully disposed of 200 Billion of a trillion naked short shares and only 800 billion NSS to go.
The MM's are looking real good. So let’s move it on up to the 2nd level of covering at .20.
We sell another 100 billion at a rather low price of .20 each and the MM's get a real bargain at only $20 billion dollars for our 2nd batch of 100 billion NSS that they can now erase from the 1st inventory and can now duplicate the sell to themselves from the 2nd inventory as in the plan of the scenario for the $20 billion they had to spend on our 1st Inventory NSS and we can recalculate our totals.
This makes sense:
Pay $20 billion for our shares and dispose of them Then pay $20 billion for their own shares and dispose of them
Now the MM's are down $40 billion with the exception they just made $20 billion from themselves so they are actually only down $20 billion. But if you subtract the $5 billion they were up at the end of the 1st level of covering from the $20 billion they are down as a result of the 2nd level of covering from the first inventory of NSS then they are actually still only $15 billion down until you subtract the $250 million it took to buy the 2nd inventory which actually didn't cost them anything because they created NSS and sold them to themselves so they still made $250 million profit off the 2nd inventory. Now they remain at a cool "negative $15 billion"
So they have successfully retired 400 Billion of a trillion naked short shares and only 600 billion NSS to go.
As this scenario continues to unfold I believe it is obvious that: At .30 Level of covering they lose another $30 billion dollars to cover our 100 billion shares for the 1st inventory and the second inventory is bogus. You can't sell something to yourself without paying yourself from your own funds. You don't make anything by paying yourself for something you sell to yourself!
The same can be seen at .40 and .50 as the MM's would lose another $90 bilion dollars and set them in the hole according to this scenario only $135 billion dollars to retire 1 trillion NSS shares.
I may have missed something that Sterling was saying so if I did please give me some input.
If you create NSS and sell them to yourself then you have no expense. But you don’t really have anything either. It is all profit, but it is also nothing. It doesn't matter if you pay .0005 or .0050 or .05 for the NSS, because you are selling NSS with real cusips to yourself that you created out of thin air to dispose of. You own 500 billion NSS that cost you $250 million that you didn't have to pay because all of it was profit to you. So you got nothing for nothing and that is exactly what it is, NOTHING!
You can't sell something to yourself for $10 billion (or nothing) and take that $10 billion (or nothing) as in the 2nd Inventory and therefore wipe out a $10 billion dollar expense to cover 100 billion NSS you had to pay out in cash to shareholders and dispose of them from existence in the 1st Inventory.
Sterling, I love you man, but you need to make this a lot plainer brother. I know you know better than this so I must have missed something somewhere. Anyone that knows the answer to the riddle please chime in.
posted
TW I tried on OFFTOPIC yesterday and it was removed unless there were server problems at the time. - - - - - NSS THEORY(a test) I Placed these column headings on paper Trade size Trade price ASK(sell BID(buy) NSS Inventory CASH(+/-) --------- I then ran some trades down the rows(different trade sizes,different bid /ask combinations) --------- At NO TIME regardless of NSS position was my CASH negative. ========= Anyone care to reconstruct this scenario and comment ? I'm not doing this to to disprove Naked Shorting, Only satify mayself that it doesn't matter and the key is in the "SPREAD" VAN
[This message has been edited by VNGNTN1 (edited July 21, 2004).]
posted
Thanks for the clarification. I wasn't sure. I just glanced at it and posted the link. I'm actually not in the least familiar with that particular disease.
Kev
quote:Originally posted by pharmdman: Aplastic Anemia isn't a form of leukemia. That page refers to MDS being a pre-leukimic condition that can convert to leukemia. MDS is not related to Aplastic Anemia though. Just a clarification.....
quote:Originally posted by VNGNTN1: TW I tried on OFFTOPIC yesterday and it was removed unless there were server problems at the time. VAN
Thanks VAN, May be allstocks did not wanted to run such info on their board - oh well, may be once in the while we should repost the message in this thread to make more people aware...
------------------ 'Alone we can do so little; together we can do so much.' - Helen Keller
quote:on Jul 20th, 2004, 1:51pm, bigD wrote:I have a question for anyone who has the answer.
The theory that the dividend is a play by UC to make the shorts cover is some what confusing to me. Lets assume that the dividends are being issued in an attempt to make the MM's cover. From all the posts I have read nobody plans on selling before the issue of the dividends so how will the mm's be able to cover. If the whole point of covering the short position is to take the counterfeit shares out of the market before the dividend date and none of us sell to the mm's what will happen?
I understand how it would work if some loose hands sold before the dividend date, but if the Naked position is as large as some are saying (trillion shares) then how will the mm's possibly be able to cover that amount when the vast magority of nakes share holders are not selling? I for one do not intend to sell my shares until at least after the issue of the dividend. If the majority of shareholders are like me (I beleive they are) then what can be done to make the mm's cover? Will the SEC finaly have not other choice but to address the issue?
Any comments are appreciated.
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Great question "Big D". You should have threaded this one.
To be pretty matter of fact about the question "Big D" there would be only one sure way for them to cover is to keep offering and adding to the PPS until they manage to get to a high enough price for the longs and shorts to sell.
How high you might ask? No one knows for sure. What we do know for sure is they cannot cover without real shares to do it with. The fact would continue that they would probably have to go through and buy ALL Available shares and settle naked share positions with them, and then do it again , and again, and again, and again, and again.......
They can only use the authorized shares of CMKX they can get their hands on to cover with and if no one is willing to sell low (.0005 to .010 then they will have to keep uping the PPS until our emotional sell button is pushed. Believe me everyone has an emotional sell button. They may say they don't, but they do!
I will leave room for others to respond.
Still a great question.
Dr.D
[This message has been edited by Brad (edited July 21, 2004).]
posted
Good morning everybody. Gotta leave here and head for the fair with all of the heat and humidity, noise and confusion, children yelling, and hawkers barking their wares, dust and dirt, winners and losers. Wait a minute that's no different than it was in here last night. LOL No wonder I like it there. See ya all this evening.
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posted
NOAH I think there is a flaw in that logic. The value was set at time of agreement regardless of dividend date at a value; and the fact that UCAD is moving up does not affect the "LAST SALE" value. I do think that this particular deal transferred greater value to UCAD. The question is how many on this board will follow it? UCAD is pricy for those here and the financial don't indicate a pps either. I have a limit order in for $3.00 VAN
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quote:Originally posted by JBCak47: WHOA!!!!!!!!!!!!! WAIT!!!!!!!!!!
As of 8/31/04 if we own cmkx we will ALSO be getting CIM??? I thought the CIM shares were already done...
So we are getting both UCAD AND CIM??? I know we will, hopefully, get the UCAD but I never realizied CIM shares as well...
-John-
LMAO... welcome to the here and now, JB!
Better late than never, I suppose.... But I know what you're thinking.... you're thinking, "how many shares of CIM and UCAD can I trade for 1 million IQD?"....
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