Deep Capture Forums

srm4u     Share   Friday, February 03, 2012 10:30:25 PM 
Re: lowman post# 267     Post #  of 270   

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71657510

http://www.dtcc.com/legal/imp_notices/rss/all.xml

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71711692

http://investorshub.advfn.com/boards/board.aspx?board_id=18682


Mikey     Share   Thursday, February 02, 2012 4:42:38 PM 
Re: Mikey post# 7631     Post #  of 7694   



DTC ISSUES EXPLAINED IN DETAIL: UPDATED 02/02/2012...Complete list of "CUSIP's to be exited from CNS and future trades designated trade for trade"

http://www.youtube.com/watch?v=cY2aelE8kZs

THE SOURCE.........THE ONLY SOURCE:
ALL brokers lists are incorrect(Zecco, Mastertrader, Tradingdirect).......mine is right.......period!

i pulled my list directly from here, i have no idea where anyone else got their list!
http://search2.dtcc.com/?q=future+trades+designated+trade+for+trade&sp_k=imp_notices&x=13&y=9

i believe this list goes back to 2008.........it is the cusip and name of the company........listed alphabetically......

again............to all..............if you are using PENSON.......you NEED to save this list somewhere!!!!!! this is a compilation of the NON-dtc lists........

IF you are using AMTD, ETRADE, SCOTT, SCHWABB OR FIDELITY....it 'appears' that they are beginning to prohibit the trading of these, as well.........


http://dtcc.com/downloads/legal/imp_notices/2010/nscc/a6965.pdf (This is the original notice of these fees)




00808Y109 Aethlon Medical, Inc......AEMD
003865102 ABSOLUTEFUTURE.COM…AFTI
00433R107 AccessKey IP, Inc.…AKYI
00547Q102 Adama Technologies Corporatio n ….. ADAC
00754V109 Advanced Optics Electronics, Inc.…ADOT
00790C107 Advanced Content Services, Inc.......ADCS
01374L109 Alchemy Creative Incorporated…ACHM
016663205 All State Properties, Inc.…ATPT
02152E200 Alternative Energy Partners, Inc........AEGY
000944207 AER Energy Resources, Inc...........AERN
022201107 Alumifuel Power Corporation....AFPW
02151Y108 Alternative Green Technologies, Inc......AGTI
023610207 THE AMERGENCE GROUP INC.…AMNG
02879P108 American Pacific Rim Commerce Group…APRM
034206102 Andiamo Corporation.......ANDI
03704915Y309.. Atlantis Technology Group ......ATNP
049838204 Attitude Drinks Inc..........ATTD
35R106 Anywhere MD, Inc.…ANWM
03841W106 Aquasil International, Inc.…AQUS
04051K105 Arizona Gold and Onyx Mining Company........VGCP
05106P700 05106P700 AuGRID Global Holdings Corp. ….. AGHD
05155L105 Auriga Laboratories, Inc. ….. ARGA
05452X109 AvStar Aviation Group, Inc.…AAVG
05459Q883 Axia Group, Inc.........AGIJ
054617105 Axis Technologies Group, Inc.…AXGC
05546H102 BIH Corporation…BIHC
07011T306 Basin Water ….. BWTRQ
076012202 Bederra Corp.…BEDA
08265R103 BENTLEY SPORTS... INCE
08520E103 BERMAN CENTER, INC.…BRMC
08782W106 Beverage Creations Incorporated…BVRG
09060S106 Biocentric Energy Holdings, Inc.…BEHL
09623J106 Bluefire Renewables, Inc......BFRE
09064J300 BioMETRX, Inc. ….. BTRX
09623H209 Blugrass Energy, Inc..........BLUG
09857A102 Bookkeeper International Equities Corp.…BKPR
10620T204 Brazos International Exploration, Inc.......BRZL
12428A205 Buyer Group International, Inc....BYRG
12619H100 CO2 TECH LTD…CTTD
131720104 Calypso Wireless Inc.…CLYW
133223602 CAMELOT ENTERTAINMENT GROUP…CMGR
133223701 Camelot Entertainment Group, Inc.…CMGR
137693107 Cannon Exploration Inc.…CNEX
141335109 Carbonics Captial Corporation ….. CICS
14160L506 Cardio Infrared Technologies, Inc.…CDOI
14739W207 Cascadia Investments Inc.…CDIV
14949R105 Causeway Entertainment Co.…CIST
16890B104 China Changjiang Mining & Energy Corp.…CHJI
169364106 China Adnet Enterprises…CAEJ
169382108 CHINA DIGITAL MEDIA CORP…CDGT
169442100 China MediaExpress Holding, Inc.…CCME
16949U103 China Food Services Corporation.........GDHI
16946A100 China Voice Holding Corporation.....CHVC
171334204.. Church & Crawford, Inc..... CCWT
172565202 Circle Fine Art Corporation …..CFNE
174445106 Citizens Capital Corporation ….. CAAP
125649400 CLX Medical, Inc............CLXM
18682T202 Clicker, Inc. ….. CLKZ
189098106 Cloud Centric Systems, Inc.…CLDR
189869100 Coachman, Inc. …..CINC
19049P107 Coastal Pacific Mining Corp.…CPMCF
19647Y302 Colorado Goldfields, Inc.…CGFIA
196910103 Colorado Wyoming Reserve Comp any …CWYR
M2514A108 Comet Software International ….. CHLDF
205685100 Comstock Industries, Inc. ….???
206575102 Concordia Paper Holdings, Ltd …. CCNCF
20752L101 ConnectAJet.com, Inc. (f/k/a Source Venture Capital, Inc.)… CAJT
22004M101 Corporate Universe, Inc......COUV
16942T103 CHINA NUVO SOLAR ENERGY, INC...CNUV
20029N104 ComCam International, Inc............CMCJ
228691200 Crowne Ventures, Inc...........CRWV
221737307 COTTON & WESTERN MINING…CWRN
22938P105 Crystal Properties Holdings Inc.…CPHG
232825109 CytoGenix Inc.…CYGX
232954107 DSI Datotech Systems, Inc. …..???
23321U107 D.G. Jewellery of Canada Ltd……. (n/k/a D.G. Jewelry, Inc.)….DGJLF
233279207 D-MECATRONICS…DMTA
24478T109 Degama Software Solutions Inc.…DGMA
244894101 Del Cerro Enterprises, Inc. ….DCRO
247018104 DELIVERY TECH SOLUTIONS, INC…DTSL
25243T209 Diadem Resources Ltd.........DRLFF
25253R309 Diamant Art Corp.........DIAAF
253924104 Digital Courier International Corporation …..DCTI
255090102 Diverse Media Group…DVME
25536L202 Diversity Group International, Inc. (DGIN)
256647108 Doll Technologies…DTGP
25688M107 Dolphin Digital Media, Inc..........DPDM
26702V107 Dutch Gold Resources, Inc.......DGRI.
268487402 EGPI Firecreek, Inc..........EFIR
26971V101 Eagle Oil Holding Co. Inc. ....EGOH
272023102 East Delta Resources Corp.…EDLT
27885L205 ECO DEPOT, INC…ECDP
281373100 eDoorways International Corp...EDWY
28224E209 EFuel Corporation......EFLN
284683208 ELDORADO EXPLORATION, INC.....EDEP
283284107 EL MANIEL INTERNATIONAL, INC.…EMLL
28486A101 Electric Car Company, Inc.…ELCR
29078T102 eMAX Holdings Corporation......EMXC
29101R107 Emerging Healthcare Solutions Inc.…EHSI
29102A103 EMERGING WORLD PHARMA INC.…EWPI
29203A101 Empire Pizza Holdings Inc. (formerly Wisebuys Inc.)…EMPZ
29271K106 Energy 1 Corporation…EGOC
30050F201 Evolution Solar Corporation…EVSO
299707109 Evcarco, Inc..........EVCA
300688108 Excellency Investment Realty Trust, Inc. …..EIVR
314294109 Feel Golf Company, Inc.........FEEL.
349683102 Fortune Oil and Gas, Inc......FOGC
34512L103.. For the Earth Corp...... FTEG
32037L103 1st Global Financial, Corp...........FGBF
339670200 Flint Telecom Group, Inc............FLTT
346196108 Forest Resources Management Corp.…FTRM
351465208 Fox Petroleum, Inc........FXPT
37364Q104 Geotec Inc.…GETC
378949101 Global Technologies Limited......GTLL
37945C202 Global Resource Corporation…GBRC
37950D103 Z Com Networks Inc. (Global Gateway Media )…GGMC
37990H205 Global Earth Energy, Inc.…GLER
36293V200 GoIP Global, Inc..........GOIG
37990T100 CHINA MOBILITY SOLUTIONS, INC…GPPL
37990W103 Global Health Ventures, Inc........GHLV
37950U204.. Global NuTech, Inc..... BOCL
38019R109 Go Solar USA Inc.…GSLO
380708107 Gold River Productions, Inc.......GRPS
38268H109 Goran Capital, Inc. …..GNCN
388113102 Grant Life Sciences, Inc. …..GLIF
389371105 Gray Peaks, Inc. …..GRPK
392711107.. Green Bridge Technologies International, Inc.... GRBT
39303U105 Green Energy Live Inc.…GELVD
393048202 Green Globe International, Inc.…GGII
39468C106 GREENE CONCEPTS, INCORPORATED.…LKEN
39573P208 Greenstone Holdings, Inc.…GSHN
40131V109 GUARD DOG, INC.…GRDO
381229202 Golden Valley Development, Inc......GVDI
422463109 Heathrow Natural Food and Beverage…HRNF
40416A101 HDS International Corp.....HDSI
423258201 Heli Electronics Corp.…HELI
42331P106 Helix Wind Corp.…HLXW
428397301 HI SCORE CORP.…HSCO
442234M101 Heart Tronics, Inc......HRTT
39338203 Hop-On Inc…HPNN
40430N204 HS3 TECHNOLOGIES INC...HSTH
449399104 IDO Security, Inc.…IDOI
45248C100 ImagExpres Corp.…IMJX
456635101 Infinity Medical Group…IMGR
45663R202 INFINITE TECHNOLOGY CORP…ITCJ
45775F104 Innolife Pharma Inc.…INNP
45823U103 Intelimax Media, Inc.........IXMD
458166105 INTEGRATED FREIGHT CORPORATION....IFCR
45685T202 Infrax Systems, Inc.....IFXY
46589F108 Montvale Technologies Inc.…IVVI
47188V205 JAVA DETOUR, INC.…JVDTQ
49127G208 KENTUCKY ENERGY INC…QMIN
501294102.. Kurrant Mobile Catering, Inc..... ZLDA
49689D205 Kingsley Coach, Inc. …..KNGS
88338P409 The Kiley Group, Inc..........KGRI
50062A107 Kore Nutrition Inc.…KORE
50730N101 Laidlaw Energy Group Inc.…LLEG
527299101 Level Vision Electronics LTD.…LVLV
53184V108 Life Exchange Inc.…LFXG
53219E808 Lifeline Biotechnologies Inc.…LLBO
53224L102 Lighthouse Petroleum, Inc......LHPT
53680P100 LITHIUM EXPLORATION GROUP INC…LEXG
54141Y102 LOGISTICAL SUPPORT INC…LGSL
54569N109 Lotta Coal Inc.…LCOL
55312R107 MM2 Group, Inc. …..MMGP
553570102 MSGI Technology Solutions Inc.…MSGI
554042101 M-WISE, INC.…MWIS
554187104 Macada Holding, Inc.…MCDA
559071204 Magellan Energy…MGLG
559141106 Magic Lantern Group, Inc. ….GMLI.
55970P203 Magnum d'Or Resources, Inc.…MDOR
568093108 Marinas International Inc.…MNSI
57059N109 Marketing Concepts Intl ( Blagman Media Int Inc.)…MCCI
572356202 Marshall Holdings Intl Inc. ( Gateway Dist., Ltd)…MHLI
577140106 Matthews Studio Equipment Gro up ……MATT
577904501 Maxicare Health Plan, Inc. …..MAXI
59508G305 Microholdings US, Inc...........MCHU
59741R100 MidgardXXI, Inc. …..MGXX
597865104 MidNet, Inc. …..MIDX
59863T207 Mike the Pike Productions, Inc......MIKP
60254U100 Mind Technologies Inc.…MTEK
59484E100 Micro Imaging Technology, Inc.......MMTC
60742G101 Mobile Media Unlimited Holdings, Inc.…ENTS
607587409 Modern Energy Corp.…MDRG
62472C102 MPhase Technologies, Inc.…XDSL
626137202 MUNDUS GROUP, INC…MNDP
62847C100 My Vintage Baby Incorporated…MVBY
62847Q109 My Social Income, Inc.…MSOA
62888Q109 NCT Group, Inc. …..NCTI
639379106 Nayna Networks, Inc. …..NAYN
640505301.. NeoMedia Technologies, Inc...... NEOM
64117H108 Nettel Holdings, Inc. …..NTTL
651627309 NewMarket Technology, Inc........NWMT
652919200 Nexicon, Inc. …..NXCO
65337E106 Next 1 Interactive, Inc.......NXOI
65531R200 Nomatterware, Inc. …..NOMW
63948P206.. Neah Power Systems..... NPWZ
67020G109 Nu Star Holdings.....NSHJ
804689107.. Savanna East Africa, Inc..... NVAE
62950A107.. NX Global, Inc...... NEGS(D)
670762202 Perihelion Global Inc. ( NY Met Holdings)…NYMH
68234C207 OneFi Technology, Inc. (ONFI)
671009108 Ora Electronics, Inc. …..ORAE
67107C104 O2 Secure Wireless, Inc........OTOW
67524P100 Oceanic Research & Recovery, Inc.........ORRV
68214H200 Omni Medical Holdings, Inc. …..OMHI
682347208 141 Capital Inc.…ONCP
684008105 Options Media Group Holdings, Inc.........OPMG
68403Y105 Optimized Transportation…OPTZ
69006T105 Outfront Companies...........OTFT
727667107 Platinum Studios, Inc........PDOS
69353D109 PPJ Enterprise…PPJE
69372L850 Pacel Corp.…PCLO
70558E207 Pegasus Wireless Corporation......PTEL
715709200 Pervasip Corporation ….. PVSP
71943E100 PHYSICAL PROPERTY HOLDINGS, INC.…PPYH
73106P104 POLARIS INTL HLDG INC…PIHN
732816103 POP N GO INC…POPN
735867103 Portage Resources, Inc. (POTG)
74030P103 Precision Petroleum Corp.....PPTO
74161T106 PRIMEGEN ENERGY CORP…PGNE
74163K103 Prime Star Group Inc.…PSGI
74266D303 Pro Elite, Inc.…PELE
743423204 PROM RESOURCES INC…PRMO
74370A104 ProTek Capital, Inc...........PRPM
74624D102 PureSpectrum, Inc.........PSRU
74836C108 Quest Oil Corp.…QOIL
749126207 Quri Resources Inc.…QURS
749283206 RBID.com Inc.…RBDC
749318101 RCC Holdings Inc.…RCCH
583Q109 Real American Brands/Capital Inc.....RLAB
7575914R107 Registered Express Corporation....RGTX
75883Q106 REGAL RESOURCES, INC…RSOU
766883102 Rino International Corp.…RINO
78127A309 Rudy Nutrition..........RUNU RUDN
78249M603 Russell Industries, Inc.…ALGF
826479107 Sierra Resource Group, Inc.......SIRG
784484107 SMC RECORDINGS INC…SMCE
82920N104 Simulated Environment Concepts, Inc. (SMEV)
78637Q109 SAFE & SECURE TV CHANNEL INC…SSTC
786498204 Safeguard Holdings…SSHS
805430105 SavWatt USA, Inc. (SAVW)
80516A106 SaveDaily, Inc.......SAVY
80917T308 SCORE ONE, INC.…SREA
81213Y108 SeaLife Corporation…SLIF
81941R102 PINGCHUAN PHARMACEUTICALS, INC.…PGCN
852345107 Stadium Entertainment Holdings, Inc......SEHI.
827692104 Silver Dragon Resources, Inc.…SDRG
82823P107 Silver Star Capital Holdings, Inc. ….. SVSE
832673107 Smokefree Innotec, Inc.…SFIO
799560107.. San West, Inc. .....SNWT
833626104 Social Media Ventures, Inc.....SMVI
83415P208 Solarbrook Water and Power Corporation.......SLRW
83416L107 Solar Park Initiatives Inc.…SOPV
83420E107 Solei Systems, Inc.…SOLI
847248200 SPATIALIGHT, INC.…SPLT
84915Q100 Spooz, Inc.…SPZI
42841B100.. Hi-Tech Crime Sol. Corp./f.k.a. Spoofem.com USA.... SPFM
84920N100 SportsQuest, Inc.........SPQS
86273M100 Strategic Management & Opportunity Corp.…SMPP
863095105 StratoComm Corporation ….. STCO
86768Q103 Sunrise Consulting…SNRS
86737G202 SUNGRO MINERALS INC. ...SUGO
87151H106 Symbollon Pharmaceuticals, Inc.............SYMBA
87600P303 Tao Minerals Ltd........TAON
87816N100 Team Nation Holdings Corporation..........TEMN
87874P203 Techs Loanstar, Inc..........TCLN
88342Q203 THERMA-MED INC...THRA
886352202 TidalWave Holdings Inc.…TWVH
888728102 Tivus, Inc.....TIVU
89149H305 Total Apparel Group, Inc.…TLAG
89324A109 Trans Global Group Inc.…TGGI
902508100 Tytan Holdings, Inc........TYTN
90264C105 UC HUB Group…UCHB
902658103 UDS Group Inc.…UDSG
90345C108 US Natural Gas Corporation.........UNGS
91021P207 United Enviro Energy Corp.…UTEM
91232R109 United States Oil & Gas Corporation…USOG
91103U108 United Music & Media Group Inc......UMMG
913459202 Universal Detection Technology......UNDT
913513107 Universal Food and Beverage, Inc.…UFBV
91688L200 Uptrend Corporation…UPCP
91888T409 Valcom, Inc.…VLCO
922576202 Veltex Corp.…VLXC
925606105 VICAN RESOURCES, INC..VCAN
92658Y206 VIDEOLOCITY INTL, INC…VCTY
92763N103 VIPR Industries, Inc.…VIPR
9292862Y109.. VOIP-Pal.com, Inc..... VPLM
852R205 Vivakor, Inc.…VIVK
92909T204 VSheild Software Corp.…VSHE
92581N103.. Vicor Technologies, Inc.... VCRT
929367100 WW Energy Inc.…WWNG
933706103 Wannigan Capital Corp. ( ThermoElastic Tech. Inc.)…WGAN
936902501 Wasatch Pharm Inc.…WSCH
98148H109 World Health Energy, Inc.....WHEN
98148A203 World Hockey Association…WHKA
98159A100 Wordwide Biotech & Phar, Inc.…WWBP
982557209 Writer’s Group Film Corporation........WRIT
94110N109.. WatchIt Technologies, Inc....... WTCT
983092206 Wyncrest Group, Inc......WNCG
98376R209 XNE, Inc...............XNEZ
987536109 YOUNGER AMERICA INC....YNGR
98741R108 You on Demand Holdings, Inc.......CBBD
998975T101 ZipGlobal Holdings, Inc.............ZIPG
8974R502 Zippi Networks Inc.…ZIPZ
G4411NAA5 Heritage Investment Capital I, LTD.…?
M2514A108 Comet Software International ….. CHLDF

5T WD haha

BMFL<OD

next week(s) is here

Bull Finch     Share   Tuesday, February 07, 2012 11:37:57 AM 
Re: AlanC post# 8425     Post #  of 8433   

Sham transactions by Golden Anchor Trading II, LLC

http://www.sec.gov/litigation/admin/2012/34-66283.pdf

5T WD haha

BMFL<OD

next week(s) is here

Stay one step ahead of the Hyenas!

CMKM Diamonds Inc. (fka CMKX) 

Moderators: jarta, hasher, nufced, janice shell, TSXminer, jimmym4, pantherj   Share   Followers: 935 

Created: 2/6/2003 8:50:58 PM 


http://investorshub.advfn.com/boards/board.aspx?board_id=1561


MAILMAN1     Share   Wednesday, February 08, 2012 10:50:47 AM 
Re: None     Post #  of 333108   

http://www.sec.gov/litigation/admin/2012/34-66283.pdf

A.) Do you think it's real?
B.) Do you think it proves illegal naked short selling exists?



MAILMAN1     Share   Wednesday, February 08, 2012 11:05:48 AM 
Re: None     Post #  of 333108   

http://incakolanews.blogspot.com/2011/08/janice-shell-of-streetsweeper-i-dont.html

Here's a mail exchange that happened last week between your author and Janice Shell of Street Sweeper, co-author on yesterday's hit-piece about Gold Resource Corp (GORO) that has so far pocketed over $100,000 for the short-selling snakes in the grass at that morally defunct house of reprobates. You'll note


1) She thinks that just because i launch into junior mining stocks and shine a bit of light on the shadier practices in this sector I'm automatically the shorty's bosom buddy pally pal friend. Wrong, I'm the friend of truth, not some back-the-back moneymaking scheme run by asshole shorts who manipulate the market just as much as the bullshitting junior miner longs of this world.


2) She's happy that I pointed out a few home truths about GORO in this recent post, but "wished I'd said more". In other words she's already looking for unsubstantiated dirt. Sorry lady, it doesn't work like that, I stick to the facts (however much they might annoy longs of the stocks in question) and leave the bullshit lies for ulterior motives to sites like yours.


3) I freely offer up opinion on her questionscall the rabid longs in GORO 'goldbug mouthbreathers' because that's what many of them are in my opinion, one that's backed up by several inane mail exchanges already (so don't bother guys and save your tinfoil rants for somebody else). 

4) She freely admits, without any sort of prompting, that she doesn't know much about mining. However that didn't stop her from writing a detailed hit piece on a mining company that her company had previously and quietly sold short.


5) She has no qualms about putting words into my mouth, or changing previous statements she made to me (about a previous conversation on POTG.pk, a stock a willingly and loudly called a scam bacause it is a full-blooded pump'n'dump scam, period). When corrected, she just ploughs on trying to dig dirt that isn't there.




Final point before you read the mail exchange below. I've told a couple of high-up officers at GORO (names withheld) that I don't think GORO is a scam, I just think it's overvalued for what it is. I then wished them luck, told them to go out there and prove me wrong and that was that. We continue after the mail exchange, which is pasted in full, no typo corrections, no grammar polishing and nothing at all left out.

Janice Shell to me 
show details Aug 16 (7 days ago) 


Otto--


StreetSweeper is looking at GORO (but please don't tell anyone).  I've read what you've had to say about it, but wish you'd said more.  What do you think of it?  I agree that for now, they're a silver miner, not a gold miner.  What are the chances of that changing?


And what, of course, about Hochschild?  I gather from their most recent annual report that when they invest in a company as heavily as they did in GORO, they intend eventually either to take control, or divest entirely.  They haven't bought any stock since June 2010, which suggests they've decided on the latter.  But how would they get rid of that much stock, and to whom could they sell?  Have you heard anything?


I'd love to hear about anything else you might know.
janice

xxxxxxxxxxxx

otto rock to Janice 
show details Aug 17 (7 days ago) 

I think there's two main issues with GORO

1) No drilling program so far means that there's legitimate doubt as to what they have underground.

2) It's overvalued for what it is. I've run numbers and in an optimum situation (i.e. they find the mineral they say there is down there and keep on finding it) with Ag & Au at current prices, GORO is good for a 50c EPS. From that I'm good with a $18 share price, $20 tops. (ABX sells at 9X PE, why pay more for a pissant 450tpd miner?)

HOC.L is an extremely difficult company to read policy-wise. Difficult like Glencore is difficult. It's worthwhile to consider the long term history of HOC the company, because they made their company by buying prospective looking vein properties in Peru (well, first tin in Bolivia, but that's REALLY going back) and drifting down with no drilling done until they run out of Ag. It fits their history to invest in this minimally drilling GORO thing. But try to 2nd-guess what goes on at HOC BoD level and you'll spend days and weeks getting nowhere. Tough read, that company.

However I think HOC is now trapped in. They can't sell wholesale (to who?), they can't start selling on the open mkt cos it'd rank the stock in minutes. GORO is forced to defend its high share price and so far it's shown it can be done quite successfully. Having a bunch of mouthbreather goldbugs as your core support helps a lot too, of course. :-)

xxxxxxxxxxxxxxxxxxxxxxxx

Janice Shell to me 
show details Aug 17 (7 days ago) 

Thanks very much.  It's interesting that HOC doesn't thing drilling is worth the trouble, either.  GORO's attitude seems pretty much to be that they haven't done it simply because they don't feel like doing it, which is odd.  If they got round to it, presumably their financials would be more impressive to potential investors, because they could book their proven and probable reserves as assets.  But they don't care.  Over the years, they've said that to do a feasibility study would cost them about a million dollars.  Compared to what they've spent on the El Aguila project alone, that's a drop in the bucket.  So why not?  Recently they've been saying in conference calls--but NOT in their SEC filings--that they intend to do one this year.  I doubt that'll happen.  If they were serious about it, they'd have begun by now.


I don't know a great deal about mining, but I think if I were going to spend millions and millions on a mining project, I'd want to have a good idea what I could expect to find underground.  Even companies that have no intention of doing their own mining, but only want to sell their claims to the highest bidder, cough up for the NI 43-101s that will make it possible. 


What if GORO so expensive because the price of silver, not gold, is so high?  After all, they do have silver.  Much more silver, it seems, than gold.  So they benefit from the price of silver AND the enthusiasm of the goldbugs. 


You said in your blog that one of the Reids was posting at Yahoo.  Which one, and what's his alias?


Thanks again...


janice
xxxxxxxxxxxxxxxxxxxxxxxxxxx

otto rock to Janice 
show details Aug 18 (6 days ago) 

No, I didn't say in my blog that one of the Reids was posting at Yahoo, if i were you i'd read what I wrote again. And while we're on the subject, I remember a while back (re POTG) that you made a comment about me being such-and-such poster on such-and such board. That's not true either, because i don't post on any bullboard anywhere and rarely even visit the things.

All in all it seems to me that you're a little too quick in jumping to conclusions. That'd likely be true for mining companies especially when you say that "I don't know a great deal about mining".

xxxxxxxxxxxxxxxxxxxxxxxxxxxx

Janice Shell to me 
show details Aug 18 (6 days ago) 

Sorry.  When you said "managerial team" I thought you meant a Reid. 


Hey guys over at the Yahoo board, did you know that GORO management are regular readers of your posts? Hey, wouldn't it be interesting if you found out that one of the posters there was in fact part of the managerial team at GORO, too?


I was merely curious; I wouldn't write about anything I couldn't prove.  As for the IHub poster calling himself "Bruce," I asked if you were he simply because whoever he is, he seems knowledgeable about things Peruvian.  He found the Wuakakuy claim numbers, the names of the original claim holders, and a few more things.  And he offered up Luna's cellphone number.  He's obviously not a fan of POTG or Luna, and is a native English speaker.  He was a brand new poster.  So I think you can see the logic of my question. 


Did you know that now Luna wants to do a 10:1 forward split?  That would raise the outstanding to 4.5 billion shares.  He now seems to be trying to appeal to hard core penny plungers.  But he's kind of screwed things up with FINRA; it may not happen.


janice
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


otto rock to Janice 
show details Aug 18 (6 days ago) 

No. What you wrote was, "The penny dropped:  you must be "Bruce" on IHub."

If that's your way of asking a question, I suggest a few remedial English language classes.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx


Janice Shell to me 
show details Aug 18 (6 days ago) 

Again, I'm sorry.  Though I wouldn't be so offended.  But then people confuse me with others all the time. 


Whoever "Bruce" may be--and I do wonder--he had some interesting information.




IKN back. That's the point where I decided I was thoroughly pissed off with this Janice Shell character and didn't bother to reply. Finally, as pointed out by an industry professional and friend this morning, the brains behind The Street Sweeper, a certain Hunter Adams, has a resumé that looks like this.

Hunter Adams, a member of the expert advisory board for The Street Sweeper/American Fraud Fighters, understands stock manipulation firsthand.  Adams entered the securities industry 15 years ago with a focus on high-risk penny stocks.  He quickly became an expert at establishing shell corporations, executing reverse mergers and selling both equity and convertible debt in speculative small-cap companies.  His career ended in 2001, when government investigators accused him of manipulating worthless penny stocks.  He pled guilty to two conspiracy charges -- for securities fraud and money laundering -- and served time in prison for his crimes.  Years later, he pled guilty to racketeering charges, fully cooperated with the government and accepted full responsibility for his actions.  Today, he has embraced a life of reform and now hopes to help protect the public by exposing others who tread in the same murky waters he once swam in. To contact him directly, please send an email to hunter@thestreetsweeper.org.



My industry pal also said (and I quote), "Here’s my nomination for “Spin of the Year”. The ... bio serves as an excellent tutorial from short-promoting StreetSweeper.com for turning a thrice-convicted white collar criminal into the number two crusading do-gooder at the organization, now pledged to root out his former compatriots in stock fraud.... Now all they need to do is provide him with mask and cape, and he becomes the next American Super-Hero"


The only thing wrong with my pal's note is he doesn't click that Hunter Adams is the whole bankroll behind Street Sweeper. And let us not forget that:


* Important Disclosure: Prior to the publication of this article, TheStreetSweeper (through its members) has effected a “short sale” of 74,246 shares of GORO stock at an average price of $25.28 a share with the intent of profiting from decreases in the share price. TheStreetSweeper has also purchased 50 September 2011 $30 "put" options priced at $5.80 apiece, hedged by the sale of 50 September 2011 $25 "call" options priced at $1.15 apiece, as well. TheStreetSweeper may choose to make additional trades in GORO securities, potentially covering part or all of its short position in the stock, and will fully disclose the details of those transactions as they occur.
Update: TheStreetSweeper covered 3,200 shares of GORO stock at a price of $23.23 a share on Aug. 23. Following that transaction, TheStreetSweeper continues to hold a short position of 71,046 shares of GORO stock at an average price of $25.28 a share.

Disclosure: no position of any sort in GORO (not short, not long) and it's going to stay that way.

Gold Resource Corporation Responds to "The Street Sweeper's" Recent Articles
PrintAlert 
Gold Resource Corp. Common Stock (AMEX:GORO)
Historical Stock Chart
6 Months : August 2011 to February 2012
Gold Resource Corporation Responds to "The Street Sweeper's" Recent Articles
PR Newswire

COLORADO SPRINGS, Colo., Sept. 16, 2011

COLORADO SPRINGS, Colo., Sept. 16, 2011 /PRNewswire/ -- In response to multiple negative pieces published by a website known as thestreetsweeper.org, the management of Gold Resource Corporation (NYSE Amex: GORO) believes the Company is being targeted by individuals or groups holding short positions in its securities in an effort to manipulate the Company's stock price.

The Company's management is advising its shareholders and potential investors to consider the source of these articles.  Thestreetsweeper.org website is run by an individual named Hunter Adams, a felon previously convicted of conspiracy to commit securities fraud, money laundering and racketeering stemming from his participation in "pump-and-dump" stock schemes and his ties to the Gambino organized crime family.  While the site purports to be a financial investigatory website, it appears its operations are financed by profits generated from taking short positions in the stock of companies it profiles.  As a result, the profiles it generates are neither balanced nor unbiased.  The website disclosed it has held various short positions in the Company's stock since it first published a piece on the Company last month. Its most recent short position disclosure reveals it is currently short 40,506 shares.  Any investor or potential investor interested in learning more about the website, its personnel and its questionable journalistic ethics can do so by reading an article published by the American Journalism Review at http://www.ajr.org/article.asp?id=4911.

With respect to the thestreetsweeper.org's piece published on September 15, 2011, the Company reiterates that it has publicly disclosed compensation information for its executive officers in accordance with the rules and regulations of the Securities and Exchange Commission (SEC) since becoming a public company in 2006.  The Company's named executive officers received salary increases approved by the Board of Director's compensation committee in 2010 on the basis of achieving the goal of getting its flagship mineral project into commercial production and this fact is discussed in the Company's proxy statement filed with the SEC in April 2011.  At the Company's most recent annual meeting held on June 21, 2011, shareholders approved the say-on-pay proposal concerning the Company's compensation policies and practices casting 99% of the votes in favor of the proposal. 

As is typical during the start-up phase of operations, key personnel received grants of stock and non-qualified stock options as part of their compensation package in order to preserve working capital and align management's incentives with that of its shareholders.  One key fact that the article fails to mention during its sensationalistic discussion of Jason Reid's and Bill Conrad's option exercises and subsequent stock sales is that the options granted in 2006 expired in 2009, which forced these individuals to exercise the options or lose them.  The article also fails to take into account the potential individual income tax burden that typically results with the exercise of in-the-money, non-qualified stock options which may have factored into the subsequent share sales.

Furthermore, the Company was not subject to the insider reporting requirements mandated by Section 16 of the Securities and Exchange Act of 1934 (Exchange Act) until it registered under the Exchange Act with the SEC in August 2010.  Once a company is subject to Section 16 of the Exchange Act, insiders are required to report transactions in the company's stock to the SEC within two days of the transaction.  The lack of insider stock sale reports filed with the SEC on Forms 3, 4 or 5 prior to August 2010 is not a regulatory deficiency or an attempt to mislead the public regarding insider share sales.  Information regarding insider holdings have been available to the public in the Company's annual reports on Form 10-K and various registration statements filed with the SEC each year since going public in 2006.  The continuous attempt to paint these circumstances as something unforthcoming or sinister is disingenuous.  Since becoming subject to the Exchange Act rules in August 2010, the Company's insiders have diligently complied with Section 16 and timely filed their reports with the SEC—a fact that is also discussed in the Company's proxy statement.

The Board of Directors of the Company continues to fully support Jason Reid and Bill Conrad as part of the Gold Resource team and StarkSchenkein, LLP as its independent registered public accounting firm.  Since joining the Company, Mr. Reid has worked his way up to executive management and was recently re-elected as a director of the Company by shareholders voting 94% in favor.   Mr. Conrad is an independent, long-standing member of the Board of Directors who spent significant time and effort developing corporate governance and overseeing management since joining the board, and was also recently re-elected to the board by 94% of the votes cast.  As a non-management member of the board, Mr. Conrad is free to pursue outside business interests unrelated to the Company.  The Company's financial statements audited by StarkSchenkein have been filed with and reviewed by the SEC and have not been restated.  In a consistent application of its unbalanced view of the facts, the article is quick to point out the deficiency comments StarkSchenkein received during its regular PCAOB review, yet fails to mention that nearly all public accounting firms, including the Big Four firms for which the Company is criticized for not engaging, received similar comments from the PCAOB.

Finally, in response to the assertion that the Company failed to answer questions or refused to allow StarkSchenkein to answer questions, the record should reflect that the Company and its auditors were provided less than 24 hours from the time of first contact until the piece was published.  Regardless, the Company's management will not participate in an interview with anyone associated with this website, or any similar website, that negatively profiles companies while the site's backers take a short position in the stock of those companies.   

The Company will continue to let its performance speak for itself going forward, with record quarterly production and profits, an instituted monthly dividend of $0.05 per share ($0.60 annually) and an aggressive growth trajectory.  Gold Resource Corporation and its management team will continue to stay focused on executing its business plan on behalf of its shareholders.   

About GRC:

Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital.  The Company has 100% interest in six potential high-grade gold and silver properties in Mexico's southern state of Oaxaca.  The Company has 52,998,303 shares outstanding, no warrants and no debt and has returned over $24.6 million to shareholders in monthly dividends since declaring commercial production July 2010.  For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that production will continue at any specific rate.  Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-K filed with the Securities and Exchange Commission

Contact: Greg Patterson – Corporate Development 303-320-7708

SOURCE Gold Resource Corporation

 


5T WD haha

BMFL<OD

next week(s) is here

Last edited by Bull Finch (2012-02-09 13:59:52)

fourkids_9pets     Share   Friday, February 10, 2012 7:45:31 AM 
Re: basserdan post# 8481     Post #  of 8486   

Quote:
--------------------------------------------------------------------------------
This ought to have been true also on Wall Street, but in a curious development that is somehow not addressed in Sherman's piece, the denizens of the financial services industry managed to maintain their extravagant lifestyle standards in the middle of a historic global economic crash that, incidentally, they themselves caused.

After suffering one truly bad year – 2008, in which the securities industry collectively lost over $42 billion – Wall Street immediately rebounded to post record revenues in 2009, despite the fact that the economy at large did nothing of the sort. The numbers were so huge on Wall Street compared to the rest of the world that Goldman slashed its 4th-quarter bonuses, just so that the final bonus/comp number ($16.2 billion, down from what would have been $21 billion) didn’t look so garish to the rest of broke America.
--------------------------------------------------------------------------------



===

per usual MT is spot on ..

here's to implosions >> of the radical kind >> only than will
change of substance come about >> re: wall street and regs
everything else is smoke and mirrors (stall and delay tactics)
while new loopholes are created to be exploited

SOS >> different year

thanks for the read/link

===
4kids
all jmo

  AlanC     Share   Friday, February 10, 2012 8:58:03 AM 
Re: fourkids_9pets post# 8482     Post #  of 8486   

The SEC is supposed to make sure the market isn't rigged! Shameful!


http://finance.yahoo.com/news/why-bank-america-citigroup-080559149.html;_ylt=Al4L7in7vcAHgDqzLgu7p0uiuYdG;_ylu=X3oDMTNyZDBkNjNmBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDYzFiZDE2MTktNDBiZi0zZjE4LWFjNTItYjk3NDhhMjViOGE0BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyAzFlYzI2NTEwLTUzYzMtMTFlMS05ZTllLTQzYjM2ODFlZTlkOA--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD

original post by ezaltheladiespa

  AlanC     Share   Friday, February 10, 2012 9:10:09 AM 
Re: AlanC post# 8483     Post #  of 8486   

Can you say the beginning of: V I N D I C A T I O N !

http://www.thewallstreetconspiracy.com/


You gotta L O V E I T !

original post by Chas56789

  AlanC     Share   Friday, February 10, 2012 9:41:37 AM 
Re: AlanC post# 8484     Post #  of 8486   

Bear's hedge funds were among the first prominent collapses related to the bursting of the housing bubble. When the mortgage market first became unglued in 2007, the two investment vehicles failed and investors lost $1.8 billion. The demise of the funds heralded the coming calamity on Wall Street.

OKAY SO THESE MAGGOTS COST INVESTORS $1.8 BILLION DOLLARS...I'M QUITE SURE THEY WERE LAUGHING AS THEY WERE SELLING CRAAP AND MAKING ALL THIS MONEY...

WHAT IS YOUR GUESS AS TO WHAT THEY WILL BE FINED....THE SEC REACHES A SETTLEMENT.....ANYBODY WANT TO GUESS.....IS $25 MILLION A LOT AFTER $1.8 BILLION???????:

EVERYONE AT THE SEC SHOULD ALL BE IN PRISON...THEY WATCH THE BROKERS STEAL AND RIP OFF INVESTORS BY THE BILLIONS AND THEY CONTINUE TO FINE THEM MILLIONS AND SETTLE....ADMIT NOTHING!!!!!

http://finance.yahoo.com/news/e-c-reaches-settlement-bear-125403407.html

original post by ezaltheladiespa

  Jackroch     Share   Friday, February 10, 2012 10:14:20 AM 
Re: qtipjoe post# 6000     Post #  of 6001   

The same 5700 shares that AUTO was trying to sell are now being sold by NITE and AUTO is nowhere to be found. Where have I seen this before? Oh, here.

These guys to keep off the Fail to Deliver (FTD) list will pass around shorted/non-existent shares forever.

More MM games.

  fourkids_9pets     Share   Friday, February 10, 2012 11:39:18 AM 
Re: None     Post #  of 8488   

Hedge fund manager charged with insider trading


NEW YORK | Fri Feb 10, 2012 11:27am EST

NEW YORK (Reuters) - A California-based hedge fund manager surrendered to FBI agents on insider-trading charges on Friday, the latest in a series of cases brought by the U.S. government in recent years against money managers and traders.

An FBI spokesman said an indictment would be unsealed later on Friday in federal court in New York outlining the charges against Doug Whitman, the founder of Whitman Capital in Menlo Park, California. The hedge fund's website describes it as a private partnership focused on the technology industry.

Whitman denies that he traded on the basis of unlawfully obtained inside information, his lawyer said in a statement. The lawyer, David Anderson of Sidley Austin LLP, said Whitman had cooperated with the government's investigation.

"Mr Whitman did not pay any insiders or provide any personal benefit to any insiders for inside information," the statement said.

Anderson said the charges were based on information provided to investigators by two traders, Roomy Khan and Karl Motey, who have pleaded guilty to insider trading and conspiracy charges.

"Their claims are false and will be proved false."

A spokeswoman for the office of the Manhattan U.S. Attorney declined comment because the indictment was not yet public.

Dozens of hedge fund managers, traders, consultants, lawyers and executives have been charged since 2009 in a sweep by federal authorities to stop money managers from gaining an illegal edge in the market with inside information.

Khan and Motey, both former technology industry traders, were among those charged who agreed to cooperate with the government in the hopes of reducing their prison sentences.

Khan was a one-time employee and friend of Galleon Group hedge fund founder Raj Rajaratnam, who was convicted by a jury last May on 14 criminal counts. Evidence provided by Khan about trades in Google Incand Polycom was part of the case against Rajaratnam, who is serving an 11-year prison term.

(Reporting By Grant McCool; Editing by Gerald E. McCormick and Matthew Lewis)

http://www.reuters.com/article/2012/02/10/us-insidertrading-hedgefunds-arrest-idUSTRE81918C20120210?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29

link courtesy of MBOT

==
4kids
all jmo

  AlanC     Share   Friday, February 10, 2012 11:58:02 AM 
Re: AlanC post# 8484     Post #  of 8488   

Found another source with more information about the coming release of the movie on naked shorting that this post is linked to. The movie is scheduled for public release on March 1st in New York. I understand from someone who has seen the film in its entirety that it is very good. More filmclips and info here on naked shorting: http://cmkmgrapevine.proboards.com/index.cgi?action=display&board=info&thread=1429&page=1

  Jackroch     Share   Friday, February 10, 2012 3:27:28 PM 
Re: AlanC post# 8488     Post #  of 8496   

Could not get that link to work but I found this one:

http://www.cmkxsting.com/the-wall-street-conspiracy/

  AlanC     Share   Friday, February 10, 2012 4:13:15 PM 
Re: Jackroch post# 8490     Post #  of 8496   

The bigger fish just had unexpected bombs dropped on them:
http://www.cnbc.com/id/46338445

  fourkids_9pets     Share   Friday, February 10, 2012 4:39:01 PM 
Re: None     Post #  of 8496   

U.S. Securities and Exchange Commission

Litigation Release No. 22256/February 10, 2012

SEC v. Dynkowski, et al., Civil Action No. 1:09-361 (D. Del.)

Three Defendants Settle and Additional Defendant Charged in Stock Manipulation Ring

The Securities and Exchange Commission announced today that Chief Judge Gregory M. Sleet of the United States District Court for the District of Delaware entered final judgments against Defendants Nathan M. Michaud and Gerard J. D’Amaro on January 24, 2012, and Defendant Marc J. Riviello on February 3, 2012, in SEC v. Dynkowski, et al., Civil Action No. 1:09-361, a stock manipulation case the SEC filed on May 20, 2009, and amended on March 25, 2010 to charge additional individuals. The SEC’s complaint alleges that Michaud, D’Amaro, and Riviello each participated in market manipulation schemes with Defendant Pawel P. Dynkowski.

As alleged in the complaint, the schemes generally followed the same pattern: Dynkowski and his accomplices agreed to sell large blocks of shares for penny stock companies in exchange for a portion of the proceeds. The shares were put in nominee accounts that Dynkowski and his accomplices controlled. The defendants artificially inflated the market price of the stocks through manipulative trading, often timed to coincide with false or misleading press releases, and then sold shares obtained from the issuers and divided the illicit proceeds.

The complaint alleges that in 2006, Dynkowski, Riviello, Michaud and others participated in a manipulation scheme involving the stock of Asia Global Holdings, Inc., which generated over $4 million in illicit profits. As alleged in the complaint, Dynkowski and Michaud manipulated the price of Asia Global Holdings, Inc. stock using wash sales, matched orders, and other manipulative trading, while Riviello used his position as a registered representative at a broker-dealer to open a series of nominee accounts and execute sell orders for shares obtained from the issuer. The complaint further alleges that Riviello helped launder proceeds from a separate manipulation scheme involving the stock of GH3 International, Inc.

That same year, the complaint alleges, Dynkowski, D’Amaro and others participated in a manipulation scheme involving the stock of Playstar Corp., which generated over $1 million in illicit profits. As alleged in the complaint, D’Amaro arranged for the company to issue misleading press releases that coincided with Dynkowski’s manipulative trading. The complaint further alleges that D’Amaro provided the nominee accounts that were used to sell the shares received from the issuer.

To settle the SEC’s charges, D’Amaro consented to a final judgment that permanently enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (“Securities Act”), and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder, orders disgorgement of $177,044 and prejudgment interest of $40,859, and bars D’Amaro from participating in any offering of a penny stock. In a related criminal case, D’Amaro previously pled guilty to conspiracy to commit securities fraud and engage in money laundering and was sentenced to three years in prison and ordered to pay criminal forfeiture of $1.49 million. U.S. v. D’Amaro, Criminal Action No. 09-54-SLR (D. Del.).

Riviello consented to a final judgment that permanently enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and orders disgorgement of $248,190 and prejudgment interest of $35,078, which was waived based upon his inability to pay. In related administrative proceedings, Riviello consented to a Commission Order barring him from association with any broker or dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization, and barring him from participating in any offering of a penny stock. In a related criminal case, Riviello previously pled guilty to conspiracy to engage in money laundering and was sentenced to 8 months in prison and ordered to pay criminal forfeiture of $107,000. U.S. v. Riviello, Criminal Action No. 09-23-SLR (D. Del.).

Michaud consented to a final judgment that permanently enjoins him from violating Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and orders him to pay disgorgement of $40,600, prejudgment interest of $3,314, and a civil penalty of $50,000.

Additionally, on December 22, 2011, the SEC filed a second amended complaint charging James Meagher as an additional defendant in this case. The complaint alleges that, in 2007, Dynkowski and Meagher carried out a manipulation scheme involving the stock of Xtreme Motorsports of California, Inc. As alleged in the complaint, Dynkowski and Meagher manipulated the price of Xtreme Motorsports stock using wash sales, matched orders and other manipulative trading, in a scheme that generated over $250,000 in illicit profits. The complaint alleges that Meagher violated Sections 5(a), 5(c) and 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The complaint seeks against Meagher permanent injunctive relief, disgorgement of ill-gotten gains with prejudgment interest, civil monetary penalties, and an order barring him from participating in any penny stock offerings.

The SEC thanks the following agencies for their cooperation and assistance in connection with this matter: the U.S. Attorney’s Office for the District of Delaware; the Delaware State Police; United States Immigration and Customs Enforcement, Department of Homeland Security, Homeland Security Investigations; and the Department of the Treasury, Internal Revenue Service, Criminal Investigation.

http://www.sec.gov/litigation/litreleases/2012/lr22256.htm

  fourkids_9pets     Share   Friday, February 10, 2012 7:11:37 PM 
Re: None     Post #  of 8498   

next round of ambulance chasers on the hedgies' speed dial

Faruqi & Faruqi, LLP Announces Investigation of JBI, Inc. PR Newswire   "Press Releases US - English"

Friday, February 10 2012 7:00 PM, EST

NEW YORK , Feb.10, 2012 /PRNewswire/ --Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and enforcement of federal antitrust laws, is investigating potential wrongdoing at JBI, Inc. ("JBI" or the "Company") (OTCQX: JBII). Faruqi & Faruqi, LLP seeks to determine whether JBI has violated the federal securities laws in connection with allegations of a scheme to commit securities and accounting fraud.

(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )

Request more information now by clicking here: www.faruqilaw.com/JBII

Specifically, the investigation concerns possible breaches of fiduciary duties by the Company's officers and directors in connection with erroneous booking of media credits in violation of generally accepted accounting principles ("GAAP"). The officers and directors' actions have led to the filing of a complaint against JBI by the Securities and Exchange Commission . The Commission alleges that the Company erroneously booked the media credits at a value of $9.997 million , thereby becoming the single largest asset on the Company's balance sheet, when they should have been initially booked at a value of $1,000,000 when acquired in August 2009 , and subsequently, the media credits should have been remeasured at their current value and written down to zero as of the end of the company's third fiscal quarter on September 30, 2009 .

Take Action

If you a current JBI shareholder and you would like to discuss your legal rights, visit www.faruqilaw.com/JBII. You can also contact us by calling Beth Keller toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to bkeller@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding JBI's conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others.

About Faruqi & Faruqi, LLP

Faruqi & Faruqi, LLP is a boutique law firm, representing investors, consumers and companies in the prosecution of claims under state corporate and consumer laws and the federal securities and antitrust laws. The firm is focused on providing exemplary legal services in complex litigation. Founded in 1995, the firm maintains its principal office in New York City , with offices in Delaware , California , Florida and Pennsylvania. The lawyers at Faruqi & Faruqi, LLP have demonstrated a clear commitment to championing the rights of shareholders and consumers nationwide.

Contact Information:

Beth Keller, Esq. FARUQI & FARUQI, LLP 369 Lexington Avenue , 10th Floor New York, NY 10017 Telephone: (877) 247-4292 or (212) 983-9330 E-mail: bkeller@faruqilaw.com

Attorney Advertising . (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

SOURCE Faruqi & Faruqi, LLP

===
like the abusive shorts >> they never stop their xxxx

maybe i'll contact them with my proof on a few fronts
of course it's KIDD related >> DOMARK related >> the
overlap re: unregulated hedge fund related and the
boston office of the sec related >>> hmmmm

===
4kids
all jmo

  fourkids_9pets     Share   Friday, February 10, 2012 7:13:32 PM 
Re: fourkids_9pets post# 8497     Post #  of 8505   

moles and trolls 

quick search of faruq & faruqi across ihub ..

http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=Faruqi%20&%20Faruqi

busy .. busy .. busy

===
4kids
all jmo

  SevenTenEleven     Share   Friday, February 10, 2012 7:36:33 PM 
Re: fourkids_9pets post# 8498     Post #  of 8505   

QQps! Error Occurred!

Guess someone does't want to be found!

  fourkids_9pets     Share   Friday, February 10, 2012 7:54:37 PM 
Re: SevenTenEleven post# 8499     Post #  of 8505   

too damn funny

for those who pay ihub (i do for the unlimited ignores
so i don't have to read the pms' sent by the moles and
trolls) .. one can do a search for F&F .. 

and they will see all the co.s they *troll* for clients

gee the overlap of hedge funds is just fascinating to *observe*

==
4kids
all jmo

  TMAN     Share   Friday, February 10, 2012 7:58:25 PM 
Re: fourkids_9pets post# 8500     Post #  of 8505   

Too damn funny

  fourkids_9pets     Share   Friday, February 10, 2012 8:50:07 PM 
Re: TMAN post# 8501     Post #  of 8505   

revealing isn't it?

connect the dots

==
4kids
all jmo


  fourkids_9pets     Share   Friday, February 10, 2012 9:41:48 PM 
Re: fourkids_9pets post# 8498     Post #  of 8505   

FARUQI & FARUQI TROLLING FOR CLIENTS LAST 6 WEEKS >>>>

(and these are the only ones' actually noted on boards)

JBII

BPAX

CBRX

CNOA

CMED

GNVC

HL

PARL

TSON

GLGL

CPY

MRT

===
tsk tsk

==
4kids
all jmo

  Long2Retire     Share   Friday, February 10, 2012 9:51:56 PM 
Re: fourkids_9pets post# 8503     Post #  of 8505   

I just sent 'FARUQI & FARUQI' the following e-mail:

Dear Ms. Keller,

I am a shareholder of JBII. I understand your firm is advertising for information with regards to JBII. I believe JBII is a good company, and will succeed. I believe your pursuit is frivolous. I’m writing to tell you I don’t appreciate that your firm seeks to harm my investment in JBII.

Most Sincerely,

xxxx xxxxxxxx

  AlanC     Share   Friday, February 10, 2012 10:34:24 PM 
Re: fourkids_9pets post# 8498     Post #  of 8505   

Could it be IHUB does not want that information seen? Hope you got a screen shot because this is what comes up for me using the link you posted:

Oops! An error occurred
Sorry about that. We've logged the error and it will be investigated.

What to do now?
Try the page again with your browser's back button
Try the Home page
Tell Meatloaf or Dave about the error


5T WD haha

BMFL<OD

next week(s) is here

Last edited by Bull Finch (2012-02-10 21:41:53)

DD Support Board and Fraud Research Team

http://investorshub.advfn.com/boards/board.aspx?board_id=19670


cjstocksup     Share   Sunday, February 12, 2012 6:48:56 PM 
Re: janice shell post# 22024     Post #  of 22076   

VRCV paid promo and posters posting insane today. I see one does not have an IRP and another i know is a kid who gets paid to post has been posting some of his posts without the IRP and some with. Wonder when I Hub will catch it!

  BigBake1     Share   Sunday, February 12, 2012 9:23:52 PM 
Re: cjstocksup post# 22027     Post #  of 22076   

And? They are no different than front loaded touts and pumpers.. Just a different form of compensation. Pot...kettle...

  cjstocksup     Share   Sunday, February 12, 2012 9:54:37 PM 
Re: BigBake1 post# 22029     Post #  of 22076   

It is not the same. There are 3 paid posters that are not showing the IRP on their posts. I was just wondering how they are getting away with it. I know 3 of them. I checked after my post. They are paid to do many stocks. I always check out these boards that breakout for no reason. All paid postrs are supposed to have IRP's. I have no problem with paid promo's etc. They work for awhile and there are a couple that have huge $$$ followers that have nothing to do with I Hub. The I Hub promo groups seem to do the wprst IMO. However paid posters is a whole other ball game.

  janice shell     Share   Sunday, February 12, 2012 10:02:49 PM 
Re: cjstocksup post# 22030     Post #  of 22076   

However paid posters is a whole other ball game.

Actually they're not. the pros are far more dangerous. But they all do the same thing: they pump and dump.

  cjstocksup     Share   Sunday, February 12, 2012 10:10:21 PM 
Re: janice shell post# 22031     Post #  of 22076   

The difference I have noticed is the Hub promo's fade very fast so the morning buyers usually lose the same day. The pro's can run them for weeks on end before they fall. They have lot's of investors that have nothing to do with I hub. The wise ones already know to be carful when the dump hit's. You guys are the best at posting DD on the boards. I see the warnings daily. So if people do trade them they need to be able to be on level II constantly or they can lose everything fast. My question was about I Hub and the paid posters. They are supposed to have the IRP's. I see several have not been using them lately. I guess they don't feel like anyone will report them to I hub admin.

  cjstocksup     Share   Sunday, February 12, 2012 10:15:50 PM 
Re: janice shell post# 22034     Post #  of 22076   

Investors posts that are not a part of paid posters or promo's have nothing to do with my question!

  janice shell     Share   Sunday, February 12, 2012 10:16:36 PM 
Re: cjstocksup post# 22035     Post #  of 22076   

Really? Depends on how one looks at it.

  MaryStockins     Share   Sunday, February 12, 2012 10:43:47 PM 
Re: cjstocksup post# 22035     Post #  of 22076   

cj I do not have pm feature therefore I cannot reply to your pm.

I do suggest you read these 2 posts before continuing to post your short theories and blaming MM's for why your penny stocks fall in pps. These 2 posts kinda flush your short/mm manipulation theory right down the toilet

If you're truly out to help others you will take these posts into consideration prior to posting on one stock boards again. IMO!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71920087

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71852663

  MaryStockins     Share   Sunday, February 12, 2012 10:58:06 PM 
Re: cjstocksup post# 22035     Post #  of 22076   

"12. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable?

Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large naked short positions in some smaller issuers, particularly those trading on the OTCBB or Pink Sheets. Some individuals may encourage other investors to buy these issuers' securities by claiming that there will be an imminent "short squeeze," in which the alleged naked short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false.

The Commission's Office of Investor Education and Assistance has made available publications on the Commission's Internet web site (www.sec.gov) that provide helpful guidance on the securities markets and sales and trading practices, including short selling. Investors and prospective investors should be cautious of rumors on chat rooms where the intent of nameless and faceless computer users is in doubt."

  cjstocksup     Share   Sunday, February 12, 2012 11:23:38 PM 
Re: MaryStockins post# 22039     Post #  of 22076   

I know most of the names on I Hub. I have been here for 10 to 11 years. I left or about 1 1/2 years in 2006 due to a terminal cancer situation in my family. I know the paid posters etc. I have never seen posts about shorting etc. that I have felt to be just posted. They may exhist but I have never experienced it at least not in my investments. JMO.

  janice shell     Share   Sunday, February 12, 2012 11:26:29 PM 
Re: cjstocksup post# 22040     Post #  of 22076   

I have never seen posts about shorting etc. that I have felt to be just posted.

Huh?

  janice shell     Share   Sunday, February 12, 2012 11:29:06 PM 
Re: MaryStockins post# 22042     Post #  of 22076   

When there is a symbol change they must cover before the change.

Well that certainly isn't true.

  cjstocksup     Share   Sunday, February 12, 2012 11:34:32 PM 
Re: janice shell post# 22043     Post #  of 22076   

So no shorts have to cover when the symbol/ name changes?

  janice shell     Share   Sunday, February 12, 2012 11:34:50 PM 
Re: cjstocksup post# 22047     Post #  of 22076   

No.

  cjstocksup     Share   Sunday, February 12, 2012 11:35:17 PM 
Re: janice shell post# 22048     Post #  of 22076   

So why do certain brokers require it? BTW all shares have to be accounted for also, correct?

  janice shell     Share   Sunday, February 12, 2012 11:43:59 PM 
Re: cjstocksup post# 22049     Post #  of 22076   

They don't. You need to stop paying attention to what conspiracy theorists say on message boards. Ticker changes happen automatically. Just as they're taken care of in your accounts, they're taken care of in the accounts of short sellers.

  cjstocksup     Share   Monday, February 13, 2012 12:03:29 AM 
Re: janice shell post# 22052     Post #  of 22076   

I do not know how long you have been around investing. I have since way back. Long before I hub was the top board for stock discussions. It was Raging Bull and Yahoo before I Hub got people's interest back in about 2000 I think when I first found it. I have found most of what you would call a myth as far as GTC sell orders or NSS to be true. We can all have our opinions. Some of the stocks you have ranted the most about have ran over 1000% after you said the information posted was false and misleading. I have to believe there is alo tof NSS going on and when there are high GTC limit sell orders that is why the stocks have run as some of the highest penny stock gainers in history. Like I said we all have our own opinions. I base mine on what I have seen over the many years of my own investments.

  janice shell     Share   Monday, February 13, 2012 12:12:43 AM 
Re: cjstocksup post# 22054     Post #  of 22076   

Some of the stocks you have ranted the most about have ran over 1000% after you said the information posted was false and misleading.

And? The information was still false and misleading. We're talking "stock manipulation", you see. The SEC takes way too long to crack down on promoters and scam companies.

And that would be "have run".

I've been "around investing" since the '90s.

You know what they say: You're entitled to your opinions, but you're not entitled to your facts.

  cjstocksup     Share   Monday, February 13, 2012 12:17:33 AM 
Re: janice shell post# 22055     Post #  of 22076   

As you stated to me a long time ago here when I posted about another promo stock afteer LEXG, "they can run them huge". I agree. However there are only 2 promo groups I have seen with that kind of power. I am sure you know them also. The rest are as I posted earlier, quick P&D's that drop off a cliff right away. Now you saw a post on this board from one of the paid posters and you never replied to him. I think what he is saying about not needing the IRP is incorrect, am I right? No one will ever know on these boards I see them posting on non stop because they are being paid to post that they are paid to post unless they are required to IRP their posts.

  janice shell     Share   Monday, February 13, 2012 12:19:37 AM 
Re: cjstocksup post# 22056     Post #  of 22076   

All these stocks are trash. The SEC needs to shut down non-reporting Pinks, and some of those that are reporting. I wouldn't be that difficult, but they've got more important business.

I don't care about whatever issue it is that you may have. IHub is not an enforcement agency.

  cjstocksup     Share   Monday, February 13, 2012 12:25:24 AM 
Re: janice shell post# 22057     Post #  of 22076   

I agree it would be nice but until something like that can happen we do have the IRP's at least for the paid posters on I Hub. Here is an example. I posted about VRCV earlier because it had unusual postings and all from known paid posters, now check out the posts just in the last 25 minutes on the CSRH and ISIM boards. These are the bad ones that usually do harm because people read the paid posts and have no idea. The other promos like AMWI, ECIT and NSRS were all run from pro's as you know who are out of the country. They are unable to reach them. However there can be something done to make sure IRP's are used on paid posters here on I hub. I am actually proud I hub has been trying to enforce it.

  janice shell     Share   Monday, February 13, 2012 12:26:56 AM 
Re: cjstocksup post# 22058     Post #  of 22076   

They're all "bad ones". And I'm afraid you wouldn't think it was "nice" at all if they SEC shut these operations down.

  cjstocksup     Share   Monday, February 13, 2012 12:45:42 AM 
Re: MaryStockins post# 22062     Post #  of 22076   

What buisiness? How can someone invested in good stock plays IMO be afraid of paid promo's on I Hub? They are the worst and most people run from them. Read my posts here! I was asking about IRP's and paid posters who have not been using them lately. I see after my posts earlier they are using them. I am glad. I hub has been very strict about this in the past and I have seen posters go to I hub jail for 2 years for not disclosing if they are paid on any of the promo stocks. That is what needs to be done. It is far worse than just penny stocks with news running on nws or new mergers etc. They are much safer than 99% of the paid promo stocks. There are only 2 promo sites that have a history of good promos that you can get in and make a lot of $$$ usually the frst month or 2, then they also fall off a cliff. I was refering to the ones I posted a bit ago! I do not own a single paid promo stock on I hub today!

  janice shell     Share   Monday, February 13, 2012 12:48:03 AM 
Re: cjstocksup post# 22063     Post #  of 22076   

You do not "invest" in anything. When was the last time you held a stock for more than two weeks? That is not "investing". You use the word, I assume, because you think it sounds "nicer".

  cjstocksup     Share   Monday, February 13, 2012 12:51:37 AM 
Re: janice shell post# 22064     Post #  of 22076   

I have owned several stocks for many months and longer. Mosty of the I Hubbers do not even hold a stock for an hour, a day or two etc.! Check my posts. I only post on the boards when there is a reason to post but I do post on the ones I am still invested in. Most do nothing and some run on news but not for long. Do you know my holdings and how long I have owned them? Here are a few, UYMG, SHKZ, PVSP, MDHI, ATTD and many more. Anyone can do my posting history and see when I bought and my posts since.

  hdsstocks     Share   Monday, February 13, 2012 2:20:47 AM 
Re: cjstocksup post# 22063     Post #  of 22076   

Cjstocksup, your stocks you listed are paid promotions:

UYMG, SHKZ, PVSP, MDHI, ATTD.


Quote:
--------------------------------------------------------------------------------
I do not own a single paid promo stock on I hub today!
--------------------------------------------------------------------------------



Well that's funny.

PVSP PAID PROMO: PVSP~ Stock Legends was compensated $4,500 dollars for a one day campaign (Third Party ~ EVision Holdings 12/12/11)
PVSP ~ Stock Legends was compensated $1,500 dollars for a one day campaign (Third Party ~ Evision Holdings 12/27/11)

UYMG PAID PROMO: UYMG Flies 136 Percent! BCDH on the Radar - RIP NSRS Feb 09, 2012 16:46. $47000 paid for UYMG promotion by M Elliott Media LLC Max Profit: 13.64 ..

MDHI PAID PROMO: EGG's parent company has been compensated thirty thousand dollars to advertise Medical Alarm Concepts Holding, Inc. in this newsletter. Nathan Gold does not own any shares

ATTD PAID PROMO: Oh and ATTD, paid promo there too:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71706224

Were you compensated on these? LOL

  cjstocksup     Share   Monday, February 13, 2012 9:04:45 AM 
Re: hdsstocks post# 22069     Post #  of 22076   

If there were any promos I was in all for a couple months and never knew about any 1 day promos. None had any paid posters. These 3 stocks all have paid posters on them since Sunday and early Monday morning here in the lasrt 2 days. Some paid posters have not been using their IRP's that is why I posted hewre to begin with. CSRH, ISIM and VRCV. Check them out. All of the posters are known paid posters. Some are not using their IRP's.

5T WD haha

BMFL<OD

next week(s) is here

NSS ~ Counterfeiting Stock ~ MM Games Played 

Moderator: fourkids_9pets Assistants: Paula, camper9, SevenTenEleven, ThePennyGuru, dehydratedman  Share   Followers: 233 

Created: 7/20/2010 5:52:25 PM 

http://investorshub.advfn.com/boards/board.aspx?board_id=18322


AlanC     Share   Thursday, February 16, 2012 6:58:30 AM 
Re: grantg2 post# 8599     Post #  of 8655   

A regulatory probe sheds light on manipulative shorting
Feb 11th 2012 | NEW YORK
http://www.economist.com/node/21547254?frsc=dg|a

SHORT-SELLERS perform a valuable function in financial markets, exposing managerial incompetence, corporate fraud or plain overvaluation. Their reward, all too often, is calumny. Witness regulators’ rush to ban shorting in 2008 in response to sustained political attacks on the practice.

Like any form of trading, however, shorting is open to abuse. Some firms claim to have been victims of illegal “naked† shorting, where the seller does not arrange to borrow the shares in time to deliver them to the buyer within the standard settlement period. This, they say, has long been a favoured tool of unprincipled traders looking to launch bear raids—usually on small stocks but also, in times of turmoil, on bigger fish like Lehman Brothers. Hedge funds and the prime brokers that serve them have tended to counter that such accusations are smokescreens put up by bosses to mask their own failings.

After years of sitting on their hands, regulators are starting to side with the companies. The Securities and Exchange Commission (SEC) has brought several cases over the past year. The latest alleges that two brothers, Jeffrey and Robert Wolfson, and a firm they traded through made at least $17m naked-shorting numerous shares, including, cheekily, the New York Stock Exchange’s parent firm. (A lawyer for one of the Wolfsons says he intends to fight the charges.) The filing shows how the dark art may have been practised.

The SEC rules require traders to locate shares they wish to borrow before selling them short; they must then deliver the borrowed securities to the buyer by a specified date. If delivery has not occurred four days after the trade, it has to be settled, if necessary using securities of like quality.

The Wolfsons’ alleged scheme involved a thicket of complex transactions, according to the SEC. One type of trade, a “reverse conversion†, involved taking out options that appeared to offset the short position, making naked shorting look like bona fide marketmaking. Another stock-and-option combination, the “reset†, created the illusion that trades had been settled by having an entity buy the same type and quantity of shares that had been sold short. But the shares were always sold back within days, often in trades between the brothers, which the SEC claims were “sham†. The reset trades meant they could roll over naked-short positions indefinitely.

The SEC says its investigations will continue. Naked shorting is precisely the kind of gaming of the rules by sophisticated insiders that, it fears, could sap the average punter’s confidence in stockmarkets. The role of prime brokers in particular is under scrutiny. According to the SEC complaint, unnamed large prime brokers engaged with the brothers in conversion trades that allowed the brokers to build entitlements to hard-to-borrow shares, even if these shares had not actually been located or delivered. The brokers could then lend this apparent inventory of stock to short-selling hedge funds for fees that were several times higher than those from lending freely available shares.

Whether prime brokers knowingly benefited from naked shorting could become clearer as the SEC looks more closely at the links in the chain of the lucrative securities-lending world. Private lawsuits could help to lift the lid further, if they make it to trial. Last year, a host of Wall Street firms, including Goldman Sachs, UBS and Morgan Stanley, settled a naked-shorting case with shareholders of Taser International for an undisclosed sum.

A case brought by Overstock against Goldman and Merrill Lynch, for conspiring with clients to allow naked shorting of its shares, was dismissed in January on jurisdictional grounds. The online retailer, determined to see four years’ worth of discovery and depositions receive an airing in court, is appealing. The banks have vigorously denied that they actively took part in an illegal scheme. But it seems clear that abusive shorting is not just the figment of a few executives’ imaginations.

  AlanC     Share   Thursday, February 16, 2012 8:28:19 AM 
Re: AlanC post# 8600     Post #  of 8655   

An Updated List of Goldman Sachs Ties to the Obama Government Including Elena Kagan



I. Introduction.
This essay shows the pervasive influence of Goldman Sachs and its units (like the Goldman-Robert Rubin-funded Hamilton Project embedded in the Brookings Institution) in the Obama government. These names are in addition to those compiled on an older such list and published here at FDL. In the future, I will combine the names here and those on the earlier article but I urge readers to look at the earlier list too (links below). Combined, this is the largest and most comprehensive list of such ties yet published.


Key U.S. Government Positions held by Goldman Sachs alumni.
For readability and clarity, I have NOT included many of the details and links that are found in the earlier article so as to make this one less repetitive and easier to read. So, if you want more documentation, please look at my earlier diary here at Firedoglake called “A List of Goldman Sachs People in the Obama Government: Names Attached To The Giant Squid’s Tentacles† published on April 27, 2010.

Note too that I have intentionally used the words, “Obama government† rather than “Obama administration† because some of these connections are not technically within his administration. These would include ambassadorial appointments and Supreme Court appointments (like that anticipated for Elena Kagan). This also includes lobbyists like Dick Gephardt who has multiple connections/input to Obama and to Goldman Sachs and the Hamilton Project.

In a similar vein, I use a broader definition than just Goldman Sachs (GS) because GS has funded, along with its ex-leader Robert Rubin, a right-leaning think tank called the Hamilton Project and embedded it within the Brookings Institution. Some of its activities thus also spill over into Brookings Institution projects which doubtlessly was one of the clever reasons Rubin and GS did this, along with providing their essentially neo-con/neo-liberal think tank with camouflage. This has worked beautifully for GS and Rubin as most writers–even critical ones like Matt Taibbi–seem unaware of the important doings of the Hamilton Project.

The Hamilton Project has 32 people sitting on its Advisory Council and many have ties to Goldman Sachs, Rubin and the Obama government. Of the first four Directors of the Hamilton Project, three work in the Obama administration. Meanwhile, the most recent Director of the Hamilton Project came from academia and from a position as economic adviser to the Obama administration to Hamilton in the sort of “revolving door† that Washington is famous for.

The Hamilton Project (named after Alexander Hamilton whose most famous dictum was “The People are a Great Beast†) is essentially pushing for cuts in entitlements (like social security), outsourcing American jobs, and for more NAFTA-type agreements. This is essentially the game plan for the Obama administration, not surprising since Barack Obama was the inaugural speaker at the Hamilton Project (and Joe Biden spoke there just weeks ago).

NOTE: This diary and its predecessor are the result of a lot of painstaking work. I am sure there are other Goldies out there in the Obama administration who I have missed. If so, PLEASE let me know by dropping their name in a comment below.
II. Additional Names of Goldies serving with Obama.

Enough background information, let’s reveal the Goldies with connections/jobs within the Obama government (or with “revolving door† status). For your convenience, I’ve listed the new names to the list separately and in the first section, led off by Elena Kagan because the buzz is that she is Obama’s pick to the Supreme Court.
NEW GOLDIES REVEALED (with respect to prior article):
KAGAN, ELENA.

Kagan was appointed by Obama to serve as the Solicitor General. The Solicitor General, often called the 10th Supreme Court Justice, is the person who argues the U.S. government side of cases before the court. Buzz has it that she is also Obama’s next pick to the Supreme Court, perhaps as early as this Monday.

At any rate, she’s already in the Obama government as Solicitor General. She also has ties to Goldman Sachs. From 2005 to 2008, according to USA Today and other sources, Kagan served as a member of the Research Advisory Council of the Goldman Sachs Global Markets Institute. Matt Kelley of USA Today wrote in his article, “Possible Supreme Court Pick Had Ties to Goldman Sachs† that Kagan received $10,000 from Goldman Sachs for her services in 2008, per federal disclosure forms. But since she was doing the same thing in 2005, 2006, and 2006, it would appear that she pulled in $40,000 from Goldman Sachs for what appears to be sitting in on one day sessions looking at big issues affecting the global economy.

$40,000 grand for so little time is a nice gig if you can get it (and she likely got expenses too) for so little time. It’s not a huge amount but it is enough to affect a player’s mind.
Here are some questions that Senators on the Judiciary Committee might want to ask of Kagan:

1) Can you produce all the paperwork/receipts related to your ties to Goldman Sachs?

2) Did you report the GS payments as income on your income tax returns (lots of people in the Obama administration (like Timothy Geithner) or wanting to be (like Tom Daschle) seem to have trouble filling out proper IRS forms.

3) Will you recuse yourself in any cases brought before you at the Supreme Court (if confirmed) that have any connection, no matter how remote, to Goldman Sachs or its entities?

4) As Solicitor General of the United States, have you handled (defined largely) any cases relating to Goldman Sachs or its entities?
Have you given advice on any such cases?

5) Have you had any dealings with The Hamilton Project? This includes speeches given there, conferences attended, papers published etc.
BERKOWITZ, HOWARD P.

Here is a murky connection (but an important one) between Obama and Goldman Sachs. Berkowitz serves as the Chairman, Board of Directors of the Washington Institute for Near East Policy (WINAP). It is an important Washington think tank that gives input to Obama. It was established by the American Israel Public Affairs Committee (AIPAC) in 1985, according to Wikipedia. People affiliated with WINAP are a virtual Who’s Who of foreign policy including Henry Kissinger, Warren Christopher, Lawrence Eagleburger, and Richard Perle.

Berkowitz also is Managing Director of BlackRock and sits on the Advisory Council of the Goldman Sachs funded Hamilton Project.
BlackRock is a global investmentment management firm with over $3.35 trillion under management. There is a virtual revolving door of hiring and acquisitions between BlackRock and Goldman Sachs as reported here.

DUDLEY, WILLIAM C.
Dudley, according to the Federal Reserve Bank of New York web site:

became the 10th president and chief executive officer of the Federal Reserve Bank of New York on January 27, 2009. In that capacity, he serves as the vice chairman and a permanent member of the Federal Open Market Committee (FOMC), the group responsible for formulating the nation’s monetary policy.

Mr. Dudley was a partner and managing director at Goldman, Sachs & Company and was the firm’s chief U.S. economist for a decade. Earlier in his career at Goldman Sachs, he had a variety of roles including a stint when he was responsible for the firm’s foreign exchange forecasts. Prior to joining Goldman Sachs in 1986, he was a vice president at the former Morgan Guaranty Trust Company. Mr. Dudley was an economist at the Federal Reserve Board from 1981 to 1983.

Dudley seems to have Geithner’s old job, passed from one Goldie to the next.

EFFRON, BLAIR W.
Effron is a money man. As a bundler for the 2008 Obama campaign, he raised more than $100,000. According to this web site he also was a “Mega Donor† to Obama in 2008, giving more than $28,500 though committees supporting Obama. His wife is also a major contributor, giving tens of thousands of dollars.
Effron is a founding partner of Centerview Partners LLC. Their web site indicates he has executed over $400 billion in transactions.
Effron is also on the Advisory Council of the Goldman Sachs/Robert Rubin funded Hamilton Project.

FROMAN, Michael.
Froman (born August 20, 1962) is deputy assistant to the president and deputy national security adviser for international economic affairs, a position to be held jointly at the National Security Council and the National Economic Council. His responsibilities will include serving as the White House liaison to the G7, G8 and G20 summits of economic powers.[
He's on my prior list but his name was misspelled there (as Frohman). Froman's days with Obama go back to Harvard Law School. Froman appears to be the original link between Robert Rubin/Goldman Sachs and Obama.
From Wikipedia:

>Froman received a bachelor's degree in Public and International Affairs from the Woodrow Wilson School of Princeton University in 1985, a doctorate in International Relations from Oxford University and a law degree from Harvard Law School where he was a classmate of Barack Obama[2][3], and also an associate of Obama’s on the Harvard Law Review.[4]
…
After Harvard, Froman had lost touch with Barack Obama until Froman heard of Obama’s Senate run. Froman volunteered at that point to help, began raising funds for the candidate, and introduced the candidate to Robert Rubin, whom Froman had followed from the Treasury Department to Citigroup [Froman served as Rubin's Chief of Staff] after the Clinton administration.[4] Before moving to the Obama administration, Froman most recently was a managing director of Citigroup’s Citi Alternative Investments Institutional Clients Group, where he was head of infrastructure and sustainable development [5]. He also served on 12-member advisory board of the Obama campaign’s transition team.[1]

this source provides new information indicating Frohman, who was Mr. Goldman Sach’s former Chief of Staff, as an “informal adviser† to Obama. They spell his name as Froman, Michael.

FUDGE, ANNE.
Obama just appointed Fudge to his budget deficit reduction committee (whose real goal, like that of the Hamilton Project, is to cut entitlements). Fudge has been the public relations craftsman for some of America’s largest corporations. She sits, according to the Washington Post, as a Trustee of the Brookings Institution within which the Hamilton Project is embedded.

GEPHARDT, RICHARD (aka “DICK†) A.
Gephardt is one of the movers and shakers in the Democratic party and served as the Democratic Majority Leader of the House from 1989 to 1995. While he doesn’t have an “official position† in the Obama administration his name was floated as a possible VP to Obama in 2008. Like so many ex-politicians, Gephardt has set up a consulting firm that has its fingers in just about every pie in the Obama government. Gephardt, for instance, advised the Obama administration, according to the New York Times, that universal health coverage could not pass in 2009 and urged Obama to “defer that goal.† That’s what the people Gephardt takes money from wanted and that’s also what Obama did.
Here’s more from The New York Times

:

One old friend links Mr. Gephardt’s assessment to his lucrative new career as a lobbyist. “He’s advising a lot of big corporations,† said Tom Buffenbarger, president of the machinists’ union.

Wikipedia says that:

Dick Gephardt started Gephardt Group in January 2005 and is currently its President and CEO. Gephardt Group is a multi-disciplined consulting firm focused on helping clients improve Labor Relations, develop Political and Public Policy Strategies and enhance Business Results by gaining access to new markets or partners.[15]

According to Wikipedia:

is also an active consultant for Goldman Sachs.

Gephardt also sits on the Advisory Council of the Hamilton Project funded by Robert Rubin and Goldman Sachs.

MURPHY, PHILLIP.
Obama appointed Murphy to serve as his Ambassador to Germany. In the 1990’s, Murphy, who worked for decades with Goldman Sachs, served as GS’s head of its German offices. From 1997-1999, Murphy served as President of Goldman Sachs, Asia (during the Asian economic crisis). In all, according to Wikipedia, Murphy spent 23 years at Goldman Sachs including as a Senior Director of the firm in 2003 before retiring from GS in 2006.

GRANOFF, MICHAEL D.
Granoff is a money man, and contributed lots of bucks as a “mega donor† to the Obama campaign. At least $28,500 according to Public Citizen.
Granoff is President, CEO and Founder of Pomona Capital, a venture capital group.
Granoff is also one of the 19 members of the Goldman Sachs-Robert Rubin funded Hamilton Project.

LIDDY, EDWARD MICHAEL.
Liddy was, until recently, the CEO of AIG which, during the Obama administration, was essentially taken over by the government. He served in high positions at Goldman Sachs including : Board Member (Chairman, 1990-94; Director, 2003-200. He was picked to the Goldman board by none other than Hank Paulson, former head of Goldman Sachs who was Bush’s Treasury Secretary who with Obama’s Treasury Secretary (Geithner) fashioned TARP.
Wikipedia reports

:

Liddy garnered national headlines in October 2008 for defending a controversial $440,000 AIG retreat for top-performing insurance salesmen at the luxury St. Regis Resort in Monarch Beach, California. The retreat, which was held shortly after the U.S. government rescued AIG from insolvency with $84 billion in loans, included $200,000 for rooms, $150,000 for meals and $23,000 for the spa. In testimony before the U.S. House Oversight Committee, Liddy stated that such retreats “are standard practice in our industry.†[11] During the U.S. presidential debate on October 7, 2008, Democratic presidential nominee Sen. Barack Obama mentioned the retreat and said, “The Treasury should demand that money back and those executives should be fired.†[12]

But that’s not what happened. Instead, Barack Obama as President kept Mr. Liddy on while AIG was essentially in receivership under the Obama administration.
How about this for a conflict of interest, again as reported by Wikipedia:

Liddy owns 27,129 shares in Goldman Sachs, at the time worth just over $3 million.[18] In April 2009 members of Congress called for Liddy to sell these shares, as they create a conflict of interest due to Goldman Sachs’ receipt of bailout money.[19] About two-thirds of Liddy’s holding is restricted and cannot be sold until May 31.[18]
Liddy announced on May 21, 2009 that he would resign as AIG Chairman and CEO when replacements were found, suggesting that the two roles be split.[20] Liddy was not paid for his time at AIG.[21] On August 3, 2009, Robert Benmosche was named President and CEO of AIG.[7]

NIEDERAUER, DUNCAN.
Niederauer is CEO of the New York Stock Exchange. While a private entity, it is heavily regulated by the government and has close government ties. Niederauer, for instance, is a frequent speaker at Federal Reserve events:

New York Stock Exchange Euronext CEO Duncan L. Niederauer delivered the keynote address today at the fourth annual global summit on financial literacy hosted by the Federal Reserve Bank of Chicago and Visa Inc.

He has an extensive Goldman Sachs background:

He joined NYSE Group following a 22-year career at Goldman Sachs. He served as a Managing Director of Goldman Sachs since 1997 and was responsible for U.S. cash equities operations, including Institutional and Member Firm Client Group sales and client services for … both the New York Stock Exchange and NYSE Arca. Mr. Niederauer was previously a Partner at The Goldman Sachs Group, Inc. (United States) (“GS†) where he held many positions.

PERRY, RICHARD.
Perry is an Obama supporter, adviser and fund raiser. He worked for Goldman Sachs and is on the Goldman Sachs’funded, Hamilton Project’s Advisory Council. He is also CEO of Perry Capital, a hedge fund. Perry owns the full floor penthouse at 1 Sutton Place in NYC and according to the Washington Examiner is one of 15 † fat cat Wall St. Banker† friends of Obama. These are the same “fat cats† that Obama sometimes flails out at in the press to pretend he’s a populist!

SHAFRAN, STEVEN.
Shafran served as an advisor/aide to Timothy Geithner especially on TARP. All of the advisers on that appear in a very murky fashion. And Shafran, like a lot of other TARP advisers, has extensive ties to Goldman as a executive for years. He’s especially shadowy, however. Here’s a link about him from CBS News.

THAIN, JOHN.
John Thain has served as an adviser to Timothy Geithner. Thain was President and Chief Operating Officer of Goldman Sachs from 1999 to 2003.

TYSON, LAURA D’ANDREA.
An economic adviser to President Obama. Tyson is a Hamilton Project Advisory Council Member. The Hamilton Project as noted above was founded by Bob Rubin and Goldman Sachs and has close links to Obama personally.

III. COMBINED LIST OF GOLDIES TIED TO THE OBAMA GOVERNMENT.
This lists compiles the names above and those in the prior diary on this. For more detail on names not annotated in this diary, see the earlier diary linked here):

ALTMAN, ROGER.
BERKOWITZ, HOWARD P.
BIDEN, JOE.
BRAINARD, LAEL.
BUFFETT, WARREN.
CLINTON, HILLARY.
CRAIG, GREGORY. (revolving door)
DONILON, THOMAS.
DUDLEY, WILLIAM C.
EFFRON, BLAIR W.
ELMENDORF, DOUGLAS.
EMANUEL, RAHM.
FARRELL, DIANA.
FRIEDMAN, STEPHEN.
FROMAN, Michael.
FUDGE, ANNE.
FURMAN, JASON.
GALLOGLY, MARK.
GEITHNER, TIMOTHY.
GENSLER, GARY.
GEPHARDT, RICHARD (aka “DICK†) A.
GREENSTONE, MICHAEL (revolving door to Hamilton Project)
HAMILTON PROJECT, THE
HORMATS, ROBERT.
KAGAN, ELENA.
KASHKARI, NEEL.
KORNBLUH, KAREN.
LEW, JACOB (AKA “JACK†) J.
LIDDY, EDWARD MICHAEL.
LIPTON, DAVID A.
MINDICH, ERIC
MURPHY, PHILLIP.
NIEDERAUER, DUNCAN.
OBAMA, BARACK H.
ORSZAG, PETER.
PATTERSON, MARK.
PERRY, RICHARD.
RATTNER, STEVE.
REISCHAUER, ROBERT D.
RIVLIN, ALICE.
RUBIN, JAMES.
RUBIN, ROBERT.
SHAFRAN, STEVEN.
SPERLING, GENE.
STORCH, ADAM.
SUMMERS, LARRY.
THAIN, JOHN.
TYSON, LAURA D’ANDREA.
RECOMMENDED FURTHER READING:


http://prof77.wordpress.com/politics/an-updated-list-of-goldman-sachs-ties-to-the-obama-government-including-elena-kagan/

Former POS employees of Goldman Sachs Group, inc:

Henry H. Fowler - 58th United States Secretary of the Treasury (1965-1969)
Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.
Henry Paulson - Former United States Treasury Secretary.
Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003.
Joshua Bolten - former White House Chief of Staff
Erin Burnett - CNBC Host
Jon Corzine - CEO of MF Global, Inc., Former Governor of the State of New Jersey.
Guy Adami - CNBC's Fast Money
Michael Cohrs - Head of Global Banking at Deutsche Bank
Emanuel Derman - Author of My Life as a Quant and co-developer of the Black-Derman-Toy model.
Jim Cramer - founder of TheStreet.com, best selling author, and host of Mad Money on CNBC
Ashwin Navin - President and co-founder of BitTorrent, Inc.
Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert
George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman
Robert Zoellick - United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.
Mark Carney - Current Governor of the Bank of Canada [119][120]
Michael D. Fascitelli- President & Trustee of Vornado Realty Trust.
Neel Kashkari - former Assistant Secretary of the Treasury for Financial Stability
Charlie Haas - Wrestler, who is working for World Wrestling Entertainment.
Malcolm Turnbull - Australian politician, former federal leader of the Liberal Party of Australia.
John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.
Robert Steel - Chairman and President, Wachovia.
Reuben Jeffery III - Under Secretary of State for Economic, Business, and Agricultural Affairs (2007-)
Romano Prodi - Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004)[121]
Mario Draghi - governor of the Bank of Italy (2006- )[121]
Massimo Tononi - Italian deputy treasury chief (2006-2008)[121]
Guy Hands - CEO of Terra Firma Capital Partners
Dambisa Moyo - Zambian economist and author of Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa
R. Scott Morris - former CEO of Boston Options Exchange


original post by diamond747

  AlanC     Share   Thursday, February 16, 2012 8:41:52 AM 
Re: AlanC post# 8602     Post #  of 8655   

Citigroup has agreed to pay $158 million to settle charges that it defrauded the Federal Housing Administration by inaccurately claiming that certain mortgages were eligible for government insurance.
2/15

Citi has participated in the FHA's Direct Endorsement Lender program since 1981.

NEW YORK (CNNMoney) -- Citigroup will pay $158 million to settle charges that its mortgage unit defrauded the Federal Housing Administration by inaccurately claiming that certain mortgages were eligible for government insurance, government officials announced Wednesday.

Under the FHA's Direct Endorsement Lender program, lenders like Citi's CitiMortgage division can submit certain loans for government insurance in case a borrower defaults. Lenders are required to maintain their own quality-control programs to ensure that loans submitted for such insurance have been prepared properly and without any evidence of fraud.

Citi, however, repeatedly obscured or downplayed problems with loans submitted for insurance over the past decade, the Manhattan U.S. Attorney's Office said Wednesday. The firm ignored roughly 1,000 cases of potential fraud and failed to verify information on borrowers' ability to make payments, according to the complaint in the case.

Of the 30,000 mortgages Citi (C, Fortune 500) has endorsed for FHA insurance since 2004, more than 30% have defaulted, including 47% of those originated in 2006 and 2007. The government has already paid out nearly $200 million in claims on these loans, a "substantial percentage" of which should never have been eligible for insurance, the complaint says.

Federal officials brought similar cases in relation to the FHA insurance program last year against Deutsche Bank (DB) and Allied Home Mortgage Corporation.

"This settlement demonstrates that lenders are held accountable to strict underwriting standards," David Montoya, inspector general for the Department of Housing and Urban Development, said in a statement.

"We are committed to aggressively pursuing those whose misconduct contributed to the housing crisis and those who flagrantly continue to do so."

The case is distinct from the nationwide settlement announced last week in which Citi and four other large lenders committed $26 billion to help underwater homeowners and compensate those who lost their homes due to improper foreclosure practices. Also involved in that settlement were Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Wells Fargo (WFC, Fortune 500) and Ally Financial.

"We are pleased to resolve this matter in conjunction with the National Mortgage Settlement reached last week," Citi spokesman Mark Rodgers said in an email. "We take our quality assurance processes seriously and have pro-actively undertaken process improvements to ensure that they are as robust as possible."

Citi admitted responsibility for failing to comply with the insurance program as part of the settlement, which was approved by U.S. District Judge Victor Marrero on Wednesday. To top of page


http://money.cnn.com/2012/02/15/news/companies/citi_mortgage_settlement/index.htm?iid=HP_LN

5T WD haha

BMFL<OD

next week(s) is here

NSS ~ Counterfeiting Stock ~ MM Games Played 

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  AlanC     Share   Friday, February 17, 2012 1:50:08 PM 
Re: fourkids_9pets post# 8656     Post #  of 8658   

Lawsuits Often Mean No Cash for Investors
By Ann Woolner, Phil Milford and Rodney Yap - Feb 16, 2012 12:00 AM ET .LinkedIn Google +1 Print QUEUEQ..Enlarge image
Merger Lawsuits Yield Cash For Lawyers, Zero for You
Illustrator: Mitch Blunt/Bloomberg Businessweek

Illustrator: Mitch Blunt/Bloomberg Businessweek
.A shareholder lawyer told a Delaware judge at a midsummer court hearing two years ago that his team deserved $700,000 for work on a lawsuit in which his clients received nothing.

Shareholders of BJ Services Co., an oilfield services company now owned by Baker Hughes Inc. (BHI), claimed its sale to the former parent would undervalue their holdings. The settlement of the case gave investors “crucial” data such as performance projections for five more years, Shane T. Rowley of Faruqi & Faruqi LLP told the judge, seeking to justify the legal fees.

“I can’t think of fruit that’s closer to the ground,” Chancery Court Judge John W. Noble responded. Still, the judge awarded Rowley and his colleagues $500,000 for their efforts.

Scenarios like the one played out at the July 2010 hearing in Wilmington are common in the Delaware court, the chief U.S. venue for mergers and acquisitions suits, Bloomberg Businessweek reports in its Feb. 20 issue. Of 57 such investor class actions settled or otherwise concluded there in 2010 and 2011, 40 -- or 70 percent -- made money for plaintiffs’ lawyers but not clients, according to data compiled by Bloomberg News.

“The greatest benefit is for the plaintiffs’ attorneys” in such litigation, said John C. Coffee Jr., a Columbia University professor who teaches securities law.

None of the 10 cases that New York-based Faruqi & Faruqi helped to settle during the two years produced cash for clients, according to court records. Legal fees in those 10 cases totaled $6 million, split among plaintiffs’ firms.

Millions in Fees
Overall, lawyers won $32.4 million for themselves in the 40 cases that generated no money for clients. The lowest legal fee award was $150,000; the highest was $4 million. The median came to $512,500, according to the data.

The 17 M&A lawsuits that resulted in cash for clients produced $350 million for the shareholders. The largest, a Del Monte Foods Inc. case, gave plaintiffs $89.4 million. Of that amount, attorneys were paid $22.3 million.

Even without consistent monetary awards, such lawsuits let shareholders scrutinize transactions and gain changes in terms, according to defenders of M&A litigation. Deal-makers, knowing their work will be closely evaluated by lawyers, produce fairer, more transparent transactions as a result, he said.

The “policing” effects of litigation have “real value,” Bernard Black, a Northwestern University law and finance professor who co-wrote an academic study of the Delaware courts, said. That “might well justify the money we throw at plaintiffs’ lawyers.”

No ‘Substantive Benefit’
Jim Woolery, co-head of North American mergers and acquisitions for JPMorgan Chase & Co., disagreed.

“The overwhelming -- overwhelming -- majority of these cases do not result in any substantive benefit for shareholders,” Woolery, a former senior partner at the law firm Cravath, Swaine & Moore LLP, said in an interview.

The cases may even cost investors money, said Jennifer Johnson, a professor at Lewis & Clark Law School in Portland, Oregon, who has studied shareholder suits.

“If you can get $500,000 for increased disclosures and not one nickel for shareholders, who’s paying that?” Johnson said. “It’s coming out of shareholders’ pockets” because the companies pay the lawyers’ bills.

Companies settle almost all cases without trials, according to the data.

“If they want their deal to go through, they don’t have time to win,” Johnson said.

Fastest Growing Suits
M&A class actions are the fastest-growing type of securities litigation, according to Cornerstone Research. Among deals of $100 million or more announced in the past two years, 91 percent were challenged in court, the legal research firm said in a report.

The filing of lawsuits is so predictable that companies factor in legal bills as a sort of “transaction tax,” said Woolery, who has advised on multibillion-dollar deals. Among them was history’s largest leveraged buyout, the 2007 private- equity purchase of electricity provider TXU Corp., now known as Energy Future Holdings Corp., for $43.2 billion.

Minority stockholders who file M&A lawsuits often seek to halt a transaction, damages or both. Typically they file claims alleging they’ve been shortchanged, that management didn’t strive for higher bids, or that the board rigged the deal to keep out other possible buyers. A common claim is that a deal undervalues a company on the verge of explosive growth.

Bad Track Record
“Corporate America doesn’t have a great track record for policing itself,” said Christine S. Azar, the Wilmington managing partner for Labaton Sucharow LLP. “If we weren’t there for our clients, who knows what would happen?”

Her 65-lawyer New York-based firm helped settle four of the cases examined in the study. Two of them produced compensation for stockholders totaling $26 million.

M&A lawsuits let investor lawyers study internal documents and question managers, Azar said. Settlements can alter deal terms to encourage other bids, by easing “no-shop” clauses so boards can seek other buyers, she added.

Rolling back measures to protect deals “provides the opportunity for a topping bid, and this benefit exists whether or not a competing bidder materializes,” wrote J. Travis Laster, the newest judge in Delaware’s Chancery Court, in a legal-fee opinion last year. Directors aren’t required to get the best price, only to make a good-faith effort, he said.

Laster and Chief Chancery Court Judge Leo E. Strine Jr. declined requests for interviews on M&A lawsuits in their court.

No-Shop Provisions
Of the 40 settlements examined that resulted in investors getting no money, 19 included changes in deal terms, such as easing no-shop provisions or cutting termination fees paid if the seller backs out.

Twenty-one of the accords provided plaintiffs nothing but new information, such as details on efforts to sell the company and calculations behind financial projections.

Woolery said that, to settle a case, a company “might agree in the settlement, OK, we’ll change the following 25 words.”

Among plaintiffs’ firms with leading roles in five or more M&A settlements, Grant & Eisenhofer PA and Prickett, Jones & Elliott PA, both Wilmington-based, were most likely to get financial recoveries for investors, the data showed.

Prickett Jones did so in 58 percent of cases it helped settle as lead or co-lead counsel; Grant & Eisenhofer did so in 50 percent of such cases.

As for the sums that went to investors, Grant & Eisenhofer led with $253.9 million in four cases in which it played a key role. Attorneys took $53.1 million of that amount in fees.

Lead Counsel
Next was New York-based Bernstein Litowitz Berger & Grossman LLP, with settlements grossing $164.5 million for clients in three cases where it played a key role.

How work and money are divided among different firms in the same case isn’t disclosed, so the recovery amount is ascribed to each law firm that worked as lead, co-lead or so-called of counsel -- typically out-of-state firms co-piloting a case.

The Faruqi law firm played a leading role in 10 of the 57 suits, making it second to Prickett in settlement activity during the two years measured here. Among firms settling five or more cases, only Faruqi’s clients ended up empty handed in cases it helped direct. In nine of its 10 settlements, Faruqi’s clients received only additional information on the deals.

Nadeem Faruqi and Rowley, the Faruqi law firm partner in the BJ Services case, didn’t return telephone and e-mail messages seeking comment on their lawsuits.

‘Hungry Readers’
Judge Strine remarked on the frequency of disclosure-only settlements at an October hearing in a Faruqi case. He quipped that shareholders “seem to be hungry readers,” as they always want more information about deals, and then settle their cases when they get it.

Besides the 57 cases settled and closed, 10 M&A class actions were dismissed without settlements or trials, leaving the attorneys and their clients with nothing to show for suing.

Scores of other suits were consolidated with complaints challenging the same deals. Where multiple cases were filed over one deal, only the lead suit was analyzed.

Of the 17 class actions that brought minority shareholders money, two were also filed as so-called derivative suits, in which shareholders sue directors on behalf of the company.

Cases filed solely as derivative suits were excluded from the study because awards in those cases go to the companies, not directly to shareholders. One such suit led to a trial and the biggest verdict measured here, $2 billion, to Southern Copper Corp. (SCCO) It benefited shareholders by about $800 million, Northwestern’s Black said.

Quick to Sue
Law firms often move quickly to sue after a deal is announced. Two hours and 27 minutes after a Dec. 27 Business Wire press release that Ventas Inc. (VTR), a Chicago-based owner of senior housing and medical properties, would acquire Cogdell Spencer Inc. (CSA), the law firm Rigrodsky & Long PA posted a notice that it was investigating whether directors sought the best price.

It invited calls from shareholders in Cogdell, a medical- building owner in Charlotte, North Carolina. Within a week, 11 more firms posted similar notices. Lawsuits followed.

Some lawyers sue the day after a merger announcement, as happened in BJ Services case. For the cases in this study, the median interval was eight days, according to court records.

“Every single deal, as soon as it gets announced, websites go up and notices go up on the Internet that this and that plaintiffs’ firm is investigating,” Woolery said. “What they are doing is trolling for plaintiffs.”

‘It’s Not Trolling’
“It’s not trolling,” Seth D. Rigrodsky, a principal in the six-lawyer Wilmington firm, said in an interview. “It’s letting investors know that there’s possible legal relief available.”

Labaton Sucharow, which represents institutional investors rather than individuals, never posts notices of investigations, said Azar.

She said Labaton monitors its clients’ portfolios, watching for deals involving their holdings. Its investigators “look at what the street is saying about the deal, what’s gone on over the last year or two” and whether “this is a company that’s on the rise,” Azar said.

The firm studies the numbers and looks for possible conflicts of interest among advisers and board members, she said. That can all happen within a few days, said Azar.

“Sometimes you file quickly because it is a very quickly moving deal,” she said.

Proxy Statement
Within four days of a merger agreement’s signing, a proxy statement must be filed with the U.S. Securities and Exchange Commission spelling out the terms. Such a filing can follow the initial public announcement by several weeks.

By that time, Azar said, other lawyers may have sued, reducing her firm’s chance of becoming lead counsel and directing the litigation for its clients. Lead counsel also usually reap the largest share of fees.

“If they want us to have a seat at the table, and if we wait for the proxy to come out, then we lose that opportunity,” she said.

In the cases reviewed, lawyers fared better when they got to court quickly. The 29 suits filed within eight days of the deals’ announcement led to a median legal fee of $700,000. The figure was $568,750 for the 28 filed later.

The reverse was true when it came to cash for shareholders. Investors got money in 24 percent of the more quickly filed cases and 36 percent of the later ones.

‘Less Thoughtful’ Lawsuits
“The quicker the suit, the less thoughtful the suit,” said Charles M. Elson, director of the University of Delaware’s John L. Weinberg Center for Corporate Governance. “You’re striking on the mere announcement of the merger,” with little information about its fairness, he said.

The Chancery Court is the country’s leader in securities lawsuits, largely because Delaware is the favorite place for companies to incorporate. It’s the legal home of more than half of all publicly traded U.S. companies, according to the state.

Being the nation’s corporate-law leader is “the gross domestic product of Delaware,” Coffee said.

In recent years, the state’s dominance in M&A cases has eroded as attorneys increasingly sue elsewhere, opting for federal courts or states where companies are based, according to a 2011 study.

“Delaware could risk losing its status as the de facto national corporate law court,” according to the study, “Delaware’s Balancing Act,” written by Black at Northwestern and professors at the University of Cambridge and University of Oxford.

In the Forefront
The desire to keep Delaware in the forefront of business litigation presents the state’s judges with a dilemma as they rule on fees for lawyers who file weak cases, Coffee said.

“If they got really punitive” by cutting fees, he said, “litigation would begin to flee Delaware.” Conversely, companies might be less likely to incorporate in Delaware if judges become too generous to lawyers, according to the study.

Chancery judges have voiced increasing reluctance at settlement hearings to approve what they call large legal bills for small results.

Judges regularly grill shareholder lawyers about why they sued and how a disclosure benefits their clients, discounting cosmetic deal changes as meaningless, according to hearing transcripts.

“They got wise to all that,” Woolery said.

Cox Case
A turning point may have been a 2005 ruling in litigation involving Cox Communications Inc., which was going private.

Strine began an 85-page decision by rebuking the plaintiffs’ lawyers for filing “premature, hastily drafted, makeweight complaints.”

He ruled the litigation was without merit and played little if any role in boosting the share price for minority stockholders. He approved $1.3 million in legal fees, compared with $5 million sought.

As judges examined claims, facts, settlement terms and legal fees in the cases evaluated here, they sometimes chided attorneys for making unsupported claims and rewarded others for work deemed well done, according to court transcripts.

Laster complimented the plaintiffs’ lawyers in the Del Monte Foods case, calling their work “an excellent effort.”

The attorneys unearthed what the judge found was a serious conflict of interest by Barclays Bank Plc.

‘Selfishly Manipulated’
While acting as Del Monte’s adviser, London-based Barclays “secretly and selfishly manipulated the sale process” to “obtain lucrative buy-side financing fees,” the judge wrote.

The bank withheld information from the San Francisco-based food company’s board while it helped two private-equity firms, KKR & Co. and Vestar Capital Partners, unite in a single buyout bid instead of competing, Laster wrote.

Barclays said it didn’t have a chance to give its side of the story in court because it wasn’t a party to the suit.

“We believe that the sale process leading up to the merger achieved the best price reasonably available for Del Monte stockholders,” Kerrie-Ann Cohen, a spokeswoman for the bank, said in a Jan. 27 e-mail.

The settlement gave shareholders $89.4 million, which included $22.3 million in attorney fees. Of the total settlement, Barclays paid $23.7 million.

“The banks now try not to be on both sides of a deal,” said Stuart Grant of Grant & Eisenhofer, lead plaintiffs’ firm in the case. “When you see a case done right, you start seeing behavior being changed in the boardroom.”

‘Metaphysical Question’
In cases where shareholders get no financial recovery, judges are faced with an “almost metaphysical question” as they decide the legal work’s value, Judge William B. Chandler III said in a 2010 hearing when he headed the Chancery court.

In approving fees, judges consider the usefulness of new disclosures and deal modifications, legal skill, hours worked, difficulty of issues, and the contingency basis on which lawyers take cases with no guarantee of payment, according to court transcripts.

If all sides agree to a sum for legal bills, judges often accept the agreement unless the amount is “outlandish,” as Laster said in one case.

One example involved the low-hanging fruit described by Judge Noble in the BJ Services suit. In that case, plaintiff lawyers got $500,000, 29 percent less than the $700,000 requested.

Removed Three Firms
And in 2010, the year after he joined the court, Laster removed three law firms from leadership roles in a suit filed by minority stockholders of Revlon Inc. (REV)

In that case, investors claimed they would be underpaid when the controlling shareholder, MacAndrews & Forbes Holdings Inc., owned by billionaire Ronald Perelman, acquired all of the company’s publicly traded stock in exchange for new preferred shares.

In seeking fees, the judge wrote, plaintiffs’ attorneys appeared to have claimed undeserved credit for changes in the deal’s terms, exaggerated the benefits of “tweaks” and failed to notice red flags pointing to the transaction’s unfairness.

The attorneys tried to help New York-based Revlon circumvent a requirement that stockholders tender at least half of shares not held by New York-based MacAndrews, Laster wrote. Only 42 percent were tendered, he said.

The judge replaced as co-lead counsel Wolf Popper LLP in New York and Rigrodsky & Long, as well as Rosenthal, Monhait & Goddess PA as Delaware liaison counsel.

‘An Aberration’
That was “an aberration” for his firm, Rigrodsky said in an interview.

“Laster has had no problem appointing my firm lead counsel in many cases since then,” the lawyer said.

Laster, in a later hearing in a case involving Rigrodsky’s firm, said he didn’t think the firm was responsible for the failings in the Revlon case, according to a transcript.

Joseph A. Rosenthal of Rosenthal Monhait didn’t respond to telephone and e-mail requests for comment on the case. A Wolf Popper attorney involved in the Revlon case, Robert M. Kornreich, declined to comment on it.

Judges also balk at high fees when a complaint’s allegations prove to be untrue.

In what he called a “stinky” case, Strine complained at an October fee hearing about “mundane” disclosures touted as significant in an accord reached by the Faruqi firm.

Biggest Achievements
The law firm said one of its biggest achievements in the case was learning the fee arrangement that Danvers Bancorp Inc. had with Endicott Financial Advisors. The Massachusetts-based bank holding company was to be sold to People’s United Financial Inc. (PBCT) in a $480 million deal. Initial documents omitted the payment to Endicott, which turned out to be unremarkable.

“So you have no basis to believe Endicott had some unusual incentive?” Strine asked Faruqi’s Adam Gonelli.

“We were suspicious that there might be,” which was a key reason to sue, Gonelli said.

“And then it turned out to get what is a fairly standard fee, right?” Strine asked.

“Yes, your honor.”
The judge approved a $150,000 fee -- 80 percent less than the $750,000 initially requested by the plaintiffs, and 61 percent below the $380,000 fee to which the defense agreed.

When almost every merger or acquisition is challenged in court, no matter how good the deal is for investors, the deterrent value of such litigation disappears, Columbia’s Coffee said.

Delaware courts could avoid such an eventuality if they punish lawyers who file frivolous cases by denying them fees, he suggested.

“If you pay the class counsel a fee in any case, it’s like putting a saucer of milk for a kitten at your back door,” Coffee explained. “Overnight you’ll have 20 cats.”

Delaware Chancery Court Class Action M&A Suits
Settled and Completed, 2010-2011
Law Firms With a Leading Role in Five or More Cases
================================================================
Cases Cases
as Lead, With Amount Legal Fees
Co-Lead or Shareholder Recovered Awarded@
Plaintiffs’ Firm of Counsel* Recovery $M) $M)
================================================================
Prickett Jones 12 7 46.6 21.1
Faruqi & Faruqi 10 0 0.0 6.0
Rosenthal Monhait 9 1 18.4 5.5
Grant & Eisenhofer 8 4 253.9 66.2
Robbins Geller 8 2 107.8 31.3
Bernstein Litowitz 7 3 164.5 43.1
Kessler Topaz# 6 2 14.0 9.8
Levi & Korinsky 6 1 18.4 5.3
Rigrodsky & Long 6 2 17.7 10.0
Weiser 5 2 17.7 7.7

* -- Leadership roles sometimes filled by multiple firms.

@ -- Includes cases with no shareholder recovery. Also includes
total of fees shared by multiple firms. The full amount of fees
was included in each firm’s total as breakdown isn’t disclosed.

# -- Formerly Barroway Topaz Kessler Meltzer & Check LLP
To contact the reporters on this story: Ann Woolner in Atlanta at awoolner@bloomberg.net; Phil Milford in Wilmington, Delaware, at pmilford@bloomberg.net; Rodney Yap in Los Angeles at ryap@bloomberg.net.

To contact the editors responsible for this story: Patrick Oster at poster@bloomberg.net; Michael Hytha at mhytha@bloomberg.net; Koray Oncel in New York .

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http://www.bloomberg.com/news/2012-02-16/lawyers-cash-in-while-investor-clients-get-nothing-in-merger-lawsuit-deals.html

  fourkids_9pets     Share   Friday, February 17, 2012 1:56:40 PM 
Re: AlanC post# 8657     Post #  of 8658   

yep learned that lesson after the wild days
of 1999 and 2000 when anyone with functioning
gray matter could make bucks in the US market
and it seemed as if every IPO got a class action
after the >> er >> implosion .. 

ironically that would be b4 the dolts in dc implemented
sarbox >> with its *then* one size fits all policy thereby
enabling oddles of loopholes and the *rise* of those unregulated
hedge funds and their exploitation across multiple levels b4 they
concentrated on the *perfect* crime >> all it needed were a bunch
of dupes >> a clearing firm >> a MM to *DOMINATE* >> a stk msg bd
and a few *regulatory* entities to look the other way for a few years

go figure ..

==
4kids
all jmo

5T WD haha

BMFL<OD

next week(s) is here

NSS ~ Counterfeiting Stock ~ MM Games Played 

Moderator: fourkids_9pets Assistants: Paula, camper9, SevenTenEleven, ThePennyGuru, dehydratedman  Share   Followers: 233 

Created: 7/20/2010 5:52:25 PM 

http://investorshub.advfn.com/boards/board.aspx?board_id=18322


  ICEQUITY     Share   Sunday, February 19, 2012 3:22:04 PM 
Re: AlanC post# 8713     Post #  of 8722   

Thats the patterns I was looking for... I'm sure BSKS set the standard for how things will be done.
http://origin-www.bloomberg.com/quote/BSKS:US/news
http://www.equitygroups.com/BSKS-discussion/BSKS--The-Health-Insurance-Portability-and-Accountability-Act-of-1996

Some Patterns -
Reverse Merger
Reverse Split
Nasdaq ‘Threshold’ Securities
Very Low Float
"D" stock

BSKS if went from .05 to 4.80 with 70k in Volume... 30K of it was short interest I believe...

Bluesky Sys Hldngs (BSKS)
$ 4.00 ?0.00 (0.00%)
Volume: 2,470

Currently BSKS
Shares Outstanding 39.54M
Float 9.54M


BSKS Patterns -
Reverse Merger - Yes
Reverse Split - 1:30 R/S
Nasdaq ‘Threshold’ Securities - Yes
Very Low Float - 800k
"D" stock - Yes

Posted Dec 2, 2011, 9:15 pm
BSKS@$6.05 up 0.35 (6.14%) 11/30/2011 Buy Vol. +19614 / Sell Vol. - 9200 / Short Interest -+16,962 / Total Vol. 28,814 / 58.8% of total volume = shorted or borrowed.

How do you get a stock to do this? I think its quite simple, DON'T BE GREEDY... Keep a share structure others issuers would envy, market makers love and shorters fearful.

Most of all be the HERO for your Investors!

This is what Yahoo and Capital IQ have as the BSKS share structure... After the 1:30 Reverse Split

Market Cap (intraday): 5.15M = 851,239 shares
Shares Outstanding: 851.00K
http://finance.yahoo.com/q/ks?s=BSKS.OB+Key+Statistics

I estimate the float was around 300K, currently Etrade has BSKS at Market Cap 239.2 M / Shares Outstanding 39.5 M.... which is probably correct.

But my question is how many of the BSKS 39.5 Million Shares are free trading in the float?

851K? Would be a good guess?

20111130|BSKS|16962|0|28814|O 58.8%
http://regsho.finra.org/FORFshvol20111130.txt

from fidelity ..

BSKS Volume 28,814
10-Day Average Volume 25,961
90-Day Average Volume 7,416

Thanks for the update! - fourkids_9pets
"DD is irrelevant when the system in place is corrupt and god knows the system in place is CORRUPT"
http://investorshub.advfn.com/boards/profilea.aspx?user=90728

http://biz.yahoo.com/e/110908/bsks.ob8-k.html

1:30 R/S

Quote:
--------------------------------------------------------------------------------
Form 8-K for BLUESKY SYSTEMS CORP

8-Sep-2011

Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year


Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On August 18, 2011, we filed Articles of Amendment to our Articles of Incorporation (the "Amendment") to implement a one-for-thirty reverse split of our common stock (the "Reverse Split"), as previously authorized and approved by action by written consent of our majority shareholders and by action by written consent of our Board of Directors. The Reverse Split was effective as of 9:00
a.m. (Eastern Time) on September 1, 2011, and our common stock began trading on the OTCBB on a post-split basis on September 1, 2011.

As a result of the Reverse Split, every thirty shares of common stock was combined into one (1) share of common stock. The Reverse Split affects all our common stock outstanding immediately prior to the effective time of the Reverse Split. Shareholders will not receive fractional post-reverse stock split shares in connection with the Reverse Stock Split. Instead, all fractional shares will be rounded up to the next whole share.

On September 21, 2010, Bluesky Systems Corp., a Pennsylvania corporation, consummated a redomicile merger with Bluesky Systems Holdings, Inc., a Nevada corporation, and thereafter became Bluesky Systems Holdings, Inc., a Nevada corporation. A Definitive Information Statement on Schedule 14C describing the Federal and state law implications of this change in domicile was filed with the Commission on August 27, 2010 and was mailed to shareholders on the same date.

1:200 R/S?

--------------------------------------------------------------------------------



http://globaldocuments.morningstar.com/documentlibrary/Document/3160324a58f563fefe036f6ce88292c5.msdoc/original


Quote:
--------------------------------------------------------------------------------
REVERSE STOCK SPLIT

On August 13, 2010, the Company’s Board of Directors and shareholders holding the majority of issued and outstanding Common Stock approved up to a one for two hundred (1:200) reverse stock split of its $.001 par value Common Stock. The par value of Common Stock will not change. All the fractional shares will be rounded up to the nearest whole share. With the exception of adjustments for those shareholders with fractional shares, the reverse stock split will not affect any stockholder's proportional equity interest in the company in relation to other shareholders or rights, preferences, privileges or priorities. Since it was contemplated that the reverse stock split would occur simultaneously with the Reincorporation, management determined that the objective and substantive effect of the reverse stock split would be accomplished under and pursuant to the Merger Agreement, which would feature an exchange ratio in which up to every two hundred (200) shares of the Pennsylvania Corporation common stock will be converted into one (1) share of Nevada Corporation common stock. For purposes of the following discussion, the transaction contemplated under the Merger Agreement, which includes both the Reincorporation and the Reverse Split, is sometimes referred to as the “Transaction”.

The Board of Directors of BSKS believe the up to one for two hundred (1:200) reverse stock split is in the Company’s best interests, principally because it may ultimately increase the trading price of the Common Stock as fewer shares will be available for the marketplace. An increase in the price of the Common Stock may, in turn, generate greater investor interest in the Common Stock, thereby enhancing the marketability of the Common Stock to the financial community. The Company intends to file the proper FINRA documentation promptly after the shareholders approve the reverse split at which time the Company will also change its stock symbol on the Over the Counter Bulletin Board.

The effect of a reverse stock split upon the market price of stock cannot be predicted. There can be no assurance that the market price per share of BSKS's Common Stock after the reverse stock split will rise in proportion to the reduction in the number of shares of its Common Stock outstanding resulting from the reverse stock split. The market price of BSKS's Common Stock may also be based on its performance and other factors, some of which may be unrelated to the number of shares outstanding. There are currently no plans to issue the additional shares of Common Stock available as a result of this reverse split.

Our Board of Directors is in favor of the decision to reverse split our Common Stock because:

- We believe that a reverse split could help to increase the per share price of our stock. An increase in the price of the Common Stock may, in turn, generate greater investor interest in the Common Stock, thereby enhancing the marketability of the Common Stock to the financial community. If we are able to market our stock more effectively we may be able to raise the funds that we need to continue to pursue our business plan.

- We believe that a reverse split may reduce the number of shares in our float to an amount low enough to make it difficult for shorters and promoters to manipulate the market for our stock.

- We believe that a reverse split would free up enough of our authorized capital to make our company a target for one or more institutional investors or a larger corporation that might be interested in merging with us.

It is important to note that at this time we have no plans, commitments, arrangements understandings or agreements to sell a majority stake of our company or to enter into any share exchange or merger agreement.

EFFECT OF REVERSE SPLIT

The principal effects of the reverse split will be as follows:

Based upon 25,548,933 shares of Common Stock outstanding on August 13, 2010, the reverse split would decrease the outstanding shares of Common Stock by up to 99.5% or to 127,745 shares of Common Stock issued and outstanding. Further, any outstanding options, warrants and rights to purchase Common Stock as of the effective date that are subject to adjustment will be decreased accordingly.

BSKS will obtain a new CUSIP number for the Common Stock at the time of the reverse split. Following the effectiveness of the reverse split, every two hundred shares of the Pennsylvania Corporation Common Stock presently outstanding, without any action on the part of the stockholder, will represent one share of the Nevada Corporation Common Stock.

As a result of the reverse split, some stockholders may own less than 100 shares of Common Stock. A purchase or sale of less than 100 shares, known as an "odd lot" transaction, may result in incrementally higher trading costs through certain brokers, particularly "full service" brokers. Therefore, those stockholders who own less than 100 shares following the reverse split may be required to pay higher transaction costs if they sell their shares.

Exchange of Certificate and Elimination of Fractional Share Interests

On the effective date of the Transaction, and pursuant to the Merger Agreement, up tp two hundred (200) shares of the Pennsylvania Corporation common stock will automatically be combined and changed into one (1) share of the Nevada Corporation common stock. No additional action on our part or any shareholder will be required in order to affect the Transaction. Shareholders will be requested to exchange their certificates representing shares of Common Stock held prior to the Transaction for new certificates representing shares of Common Stock. Shareholders will be furnished with the necessary materials and instructions to affect such exchange promptly following the effective date of the Transaction. Shareholders should not submit any certificates until requested to do so. In the event any certificate representing shares of Common Stock outstanding prior to the Transaction are not presented for exchange upon request by the Company, any dividends that may be declared after the date of the Transaction with respect to the Common Stock represented by such certificate will be withheld by the Company until such certificate has been properly presented for exchange. At such time, all such withheld dividends which have not yet been paid to a public official pursuant to relevant abandoned property laws will be paid to the holder thereof or his designee, without interest.

No fractional shares of post-Transaction Common Stock will be issued to any shareholder. All the fractional shares will be rounded up to the nearest whole share. In lieu of any such fractional share interest, each holder of pre-Transaction Common Stock who would otherwise be entitled to receive a fractional share of post-Transaction Common Stock will in lieu thereof receive one full share upon surrender of certificates formerly representing pre-Transaction Common Stock held by such holder.

--------------------------------------------------------------------------------

  ICEQUITY     Share   Sunday, February 19, 2012 3:29:06 PM 
Re: fourkids_9pets post# 8709     Post #  of 8722   

Funny thing is BSKS had 25M O/S at .0055 before the R/S and R/M.... Now BSKS has 39M O/S at $4.00

Yes... pretty smart fellas don't you think? LOL

Find me a good patent portfolio, low float, R/S + R/M... and I'll show you Another Blue Sky!

  fourkids_9pets     Share   Sunday, February 19, 2012 3:34:48 PM 
Re: ICEQUITY post# 8716     Post #  of 8722   

i really do need to clone myself

only so many hours in a day .. lol

==
4kids
all jmo

  AlanC     Share   Sunday, February 19, 2012 3:36:23 PM 
Re: ICEQUITY post# 8715     Post #  of 8722   

Thanks for the heads up, looks like dejavu to me!

  ICEQUITY     Share   Sunday, February 19, 2012 3:49:22 PM 
Re: fourkids_9pets post# 8717     Post #  of 8722   

All I need is a NSS template... haha

Here is a tell... as well.

BSKSD was .15 after 1:30 R/S... But BSKSD Ask was .30... Sometimes 100% Markup on PPS can still be very profitable... Probably best lesson learned from BSKS and if you wait sixty days you might get 16000% returns instead of 8000%


Quote:
--------------------------------------------------------------------------------

JAQC is going to be huge Im telling you. They supposedly have multiple RMs in place. Only 400k float. This could be 1.00+ easily. anything .10 to .20 should be golden for a 5-10 bagger easy.
--------------------------------------------------------------------------------

~ $hellKing

  fourkids_9pets     Share   Sunday, February 19, 2012 3:55:28 PM 
Re: ICEQUITY post# 8719     Post #  of 8722   

i just discovered shellking
and am very impressed

as alan noted >> thanks for the head's up

will be watching

best

==
4kids
all jmo

  grantg2     Share   Sunday, February 19, 2012 4:00:11 PM 
Re: fourkids_9pets post# 8703     Post #  of 8722   

Indeed, iHub is the place to GAIN an education & get better at making investment decisions.

ESPECIALLY when ONE has finally caught on HOW to identify those dwelling & working in the shadows of the market beast's underbelly!

At that point, one can either stick with a disruptive technology that looks like it will survive...

or any investment one has in any stock that is legit and is desirable to keep...

OR... one can decide either NOT to buy... or one can decide TO SELL at an opportune time IF the manipulative element arrives to PLAY... and likely TAKE YOUR MONEY! LOL

EXPH... those NC mountainfolk probably NEVER FIGURED OUT what was happening as THAT SITUATION SPUN OUT OF CONTROL AND VEERED OFF TO OBLIVION! JMO... *sigh* and some $$$$ lost before I learned my iHub Primer Lessons.

  fourkids_9pets     Share   Sunday, February 19, 2012 4:15:23 PM 
Re: grantg2 post# 8721     Post #  of 8722   

imo jd clearly made mistakes ~ but i have the 3 sites
that hold exph shares and their totals ~ so i know
for a fact that what mgmt stated re: never selling
(let alone certs deposited) is true

suspect the very first mistake was being seduced
by a serial crew who i suspect but can't prove *yet*
got discounted shares in april 2009 >> this crew
ramped up volume via wash trading thru multiple
accounts (including ST and TDA who work hand in
glove with NITE) and when required put the clamp
down on allowing buys by rote >> but always allow sells
(sept 2009 for ST >> and dec 2009 for good for TDA)

funny thing was >> one of the braggart's (via a phone call)
revealed who and how done and how much *money* was captured
by both orchestrated runs >> one apparently was left on the
sidelines for the 2nd run >> and then shut out of the now
*requisite* short to the cellar >> because unlike others
only had a TDA acct to *trade* and they (TDA unlike ST)
never again allowed buys of EXPH >> only sells

it's why it was so easy to spot when crew entered BRAV

i made the obligatory post about stock being wash traded
and as usual was impressed by the *advocates* not showing
until *damage was done* and crew had moved elsewhere

bullies >> liars >> hypocrites >> i've read them all

i can only hope where EXPO/EXPH is concerned that someone
makes the effort >> it's all there and the MO utilized was
the same on at least 11 other co.s since 2007 (with minor
change outs re: the enitity/s)

==
4kids
all jmo

5T WD haha

BMFL<OD

next week(s) is here

NSS ~ Counterfeiting Stock ~ MM Games Played 

Moderator: fourkids_9pets Assistants: Paula, camper9, SevenTenEleven, ThePennyGuru, dehydratedman  Share   Followers: 233 

Created: 7/20/2010 5:52:25 PM 


  AlanC     Share   Friday, February 24, 2012 11:03:11 PM 
Re: fourkids_9pets post# 8808     Post #  of 8809   

S.E.C. Defends Its Efforts to Fight Financial Fraud

February 24, 2012, 3:59 pm
By BEN PROTESS
http://dealbook.nytimes.com/2012/02/24/s-e-c-defends-its-efforts-to-fight-financial-fraud/?ref=business

Corporate crooks beware.

A panel of Securities and Exchange Commission regulators gathered in Washington on Friday to trumpet their recent crackdown on financial fraud and Wall Street wrongdoing. The regulators, in particular a group of high-ranking enforcement officials, highlighted efforts to root out everything from insider trading at hedge funds to toxic mortgage securities sold by big banks.

“The S.E.C. is now materially better to enforce the law and identify and manage threats,” Mary L. Schapiro, the agency’s chairwoman, said at the conference on Friday, dubbed “S.E.C Speaks.”

This talk of a crackdown comes after the S.E.C. was assailed for failing to rein in Wall Street ahead of the 2008 meltdown. Even now, critics question why the agency has not sued a top executive at any of the nation’s biggest banks.

But the S.E.C,, emboldened after shuffling its enforcement staff and gaining new powers through the Dodd-Frank regulatory law, did file 735 enforcement actions last fiscal year. The cases produced $2.8 billion in penalties and fees.

Robert Khuzami, chief of the enforcement division, lauded Friday what he called the “record performance.” The revamped enforcement division, Mr. Khuzami said, is “trying to identify misconduct early rather than chasing the headline.”

The S.E.C. on Friday touted its highest-profile cases filed in the aftermath of the crisis — including actions against such Wall street titans as Goldman Sachs, Citigroup and JPMorgan Chase. Nearly 100 people and companies have been ensnared in the agency’s crisis-related cases.

Still, the enforcement team has hit some recent road bumps.

The S.E.C. has repeatedly clashed with Judge Jed S. Rakoff in federal court in Manhattan, who has challenged some of the agency’s biggest cases. Judge Rakoff has taken aim at the S.E.C.’s long standing “neither admit nor deny” policy, which allows companies to settle enforcement cases without acknowledging wrongdoing.

Judge Rakoff, perhaps most notably, is now holding up the Citigroup case, which centers on whether the bank duped investors into buying mortgage bonds. Citigroup had agreed to settle the case.

The S.E.C.’s top litigator, however, defended the settlement policy and painted Judge Rakoff’s efforts as rogue.

“There’s only been one judge who’s rejected any of our settlements,” Matthew Martens, the chief litigation counsel, said on Friday, smiling as he declined to name Judge Rakoff by name.

Mr. Martens rebuffed criticism that the S.E.C.’s settlement policy is too soft on Wall Street. The policy, he said, reflects concerns that the agency could lose at trial or rack up hefty expenses during a protracted legal battle.

He also noted that the agency did not settle with about three-quarters of people sued in crisis cases.

“The reality is we’ve had tremendous success and we’re not shying away from bringing cases,” he said.

http://dealbook.nytimes.com/2012/02/24/s-e-c-defends-its-efforts-to-fight-financial-fraud/?ref=business

5T WD haha

BMFL<OD

next week(s) is here

Who's Next!


http://www.youtube.com/watch?v=BfuWXRZe9yA

http://www.youtube.com/watch?v=pQBLi5mukmI

Stay one step ahead of the Hyenas!

Chas56789     Share   Monday, February 27, 2012 3:55:18 AM 
Re: None     Post #  of 333424   

This Thursday Wall Street will be turned upside down and all the Filth and Garbage will begin to fall out for all the world to see ! It is really going to be a wonderful sight !

The documentary movie: " The Wall Street Conspiracy" premiers on Thursday March 1st 2012 !

www.thewallstreetconspiracy.com = movie trailer watch it now !

Wall Street will NEVER be the same !!

JMHO
Chas56789

5T WD haha

BMFL<OD

next week(s) is here

Who's Next!


http://www.youtube.com/watch?v=BfuWXRZe9yA

http://www.youtube.com/watch?v=pQBLi5mukmI

Stay one step ahead of the Hyenas!

NSS ~ Counterfeiting Stock ~ MM Games Played 

Moderator: fourkids_9pets Assistants: Paula, camper9, SevenTenEleven, ThePennyGuru, dehydratedman  Share   Followers: 233 

Created: 7/20/2010 5:52:25 PM 


  AlanC     Share   Tuesday, February 28, 2012 7:17:40 AM 
Re: SevenTenEleven post# 8859     Post #  of 8901   

This new book based on a report for the DOD which calls naked shorting terrorism is significant imho. Remember the ElGindy trial and the fact that the Judge would not allow the terrorism charges to be made at the trial? Hmmmmmmmmmmm! Another stock I own recently contacted Homeland Security and asked them to get involved. If terrorism is at the root of this whole issue it puts a whole new slant on things! Why have only a few politicians taken a stand against this so far? I will be forwarding the book link to my Senator today asking that very question!


http://globaleconomicwarfare.com/2012/02/yes-naked-short-selling-is-a-real-problem/

  AlanC     Share   Tuesday, February 28, 2012 7:20:39 AM 
Re: Bull Finch post# 8860     Post #  of 8901   

Wow! This is surely more than normal attrition. Better late than never and I would prefer to see perp walks but if this gets the job done more quickly so be it!

  AlanC     Share   Tuesday, February 28, 2012 7:27:09 AM 
Re: AlanC post# 8864     Post #  of 8901   

NEW YORK (Reuters) - The FBI says it has enough informants lined up to keep its investigations of suspected illegal insider trading at hedge funds going for at least five more years.

In a briefing on Monday with reporters at the New York office of the Federal Bureau of Investigation just blocks away from Wall Street, agents who manage squads of investigators likened the probes to penetrating a secret society.

The investigations are building on a mission dubbed "Perfect Hedge" that have led to the prosecutions of multimillionaire Galleon Group hedge fund founder Raj Rajaratnam and dozens of traders, executives and research consultants since late 2009.

"We have cooperators set up for years to come," said David Chaves, a supervisory special agent for securities and commodities fraud investigations.

He told reporters that the informants include cooperating witnesses -- people who have been identified as conducting illegal trading but who have agreed to assist authorities to catch others in the hopes of receiving a lighter sentence -- and sources within hedge funds.

"I don't want to say it's infinite, but clearly in five years we think we will be working it," Chaves said.

The Galleon prosecution and other recent insider-trading cases have used secretly-recorded telephone conversations to gather evidence, an investigatory tool traditionally used in organized crime or narcotics cases.

The use of wiretaps sent a chill through the hedge fund industry closed to outsiders and what the FBI calls "undercover resistant."

Investigators have tracked mobile phone calls, instant messaging and social media to collect evidence.

The FBI says it is alert to new ways in which people may try to exchange information on publicly traded companies to gain an illegal edge.

"We will go to whatever lengths we have to keep up with changes in technology," said Richard Jacobs, another FBI supervisory special agent for white-collar crime cases.

Both officials emphasized that law enforcement believes that the overwhelming majority of hedge funds and their traders are law-abiding and run their firms responsibly.

A similar briefing was given to reporters in Washington on Monday, where officials discussed the agency's shift in focus of the past 10 years to financial fraud cases involving larger amounts of money than in the past.

For example, out of the 2,600 mortgage fraud investigations open nationally, 70 percent involve more than $1 million, compared with smaller bank frauds under $25,000 that were previously typical of the caseload.

In New York, the FBI said that to date, out of 64 arrests made in "Perfect Hedge," 59 people have been convicted or have pleaded guilty. These prosecutions, in partnership with the office of the Manhattan U.S. Attorney and the U.S. Securities and Exchange Commission, have been an important deterrent, the agents said.

Another tool for deterrence is the publicity the cases have generated in the United States and abroad.

To that end, Michael Douglas, the Academy Award-winning star of the 1987 movie "Wall Street," agreed to a request from the FBI to record a public service announcement.

"In the movie 'Wall Street' I played Gordon Gekko, who cheated to profit while innocent investors lost their savings," Douglas, 67, says in the video recording released on Monday.

"The movie was fiction but the problem is real," Douglas says in the video. "Our economy is increasingly dependent on the success and integrity of the financial markets. If a deal looks too good to be true, it probably is."

(Reporting By Grant McCool, additional reporting by Aruna Viswanatha in Washington; Editing by Martha Graybow) original post by trackwizard

  fourkids_9pets     Share   Tuesday, February 28, 2012 7:44:54 AM 
Re: AlanC post# 8863     Post #  of 8901   

clearly money laundering is a factor
and imo where money laundering is involved
so is organized crime >> which tells me that
*financial terrorism* is alive and well

while i consider homeland security a boondoggle
*implemented* for other reasons >> at this point
if any federal entity can actually do their job
without being *compromised* >> i'd consider that
a bonus >> here's to someone *unraveling* the layers
of cretinous filth embedded in the US markets >>

tired of loopholes

==
4kids
all jmo

  fourkids_9pets     Share   Tuesday, February 28, 2012 7:50:01 AM 
Re: AlanC post# 8865     Post #  of 8901   

gee the hedgies >> i'm shocked >> NOT


Quote:
--------------------------------------------------------------------------------
"We have cooperators set up for years to come," said David Chaves, a supervisory special agent for securities and commodities fraud investigations.

He told reporters that the informants include cooperating witnesses -- people who have been identified as conducting illegal trading but who have agreed to assist authorities to catch others in the hopes of receiving a lighter sentence -- and sources within hedge funds.
--------------------------------------------------------------------------------



===
notice one thing >> all have *CONNECTIONS* to other entities
that includes MMs' and brokerage firms >> very incestuous group
who have *access* and *know the loopholes to be exploited* due
to those self same *connections*

i keep wondering when the *real* issues get addressed

reading between the lines >> it's gonna be a while

===
4kids
all jmo

  SevenTenEleven     Share   Tuesday, February 28, 2012 8:03:13 AM 
Re: AlanC post# 8863     Post #  of 8901   

FFGO - Dots being connected. Naked short sellers in the OTC about to be squeezed. 3449% ROI on the way!

Tic Toc

  AlanC     Share   Tuesday, February 28, 2012 8:22:45 AM 
Re: SevenTenEleven post# 8868     Post #  of 8901   

But Wall Street is where REAL companies go to raise money to expand and grow

Why yes you are correct and don't forget they also do GODS work>>>>

How Goldman Sachs Created the Food Crisis
Don't blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street's at fault for the spiraling cost of food.

Don't blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street's at fault for the spiraling cost of food.

BY FREDERICK KAUFMAN | APRIL 27, 2011

Demand and supply certainly matter. But there's another reason why food across the world has become so expensive: Wall Street greed.

http://www.foreignpolicy.com/articles/2011/04/27/how_goldman_sachs_created_the_food_crisis

original post by jimmy4

  AlanC     Share   Tuesday, February 28, 2012 8:26:21 AM 
Re: AlanC post# 8869     Post #  of 8901   

Zagg Inc (NASDAQ: ZAGG [FREE Stock Trend Analysis]) climbs in after-hours after the company released better then expected numbers. The company reported fourth quarter EPS of $0.27, which came in well ahead of analysts' consensus EPS estimates of $0.20. Revenues for the quarter were $67.5 million versus the consensus of $62.56 million. Sees FY2012 revenue of $250 million, compared to Street consensus of $240.6 million. ZAGG has a huge short interest, with 8,763,000 shares sold short that would take 6 days to cover at the average trading volume. We should see a nice squeeze tomorrow and we'll be back above 11-12 for sure. From a technical standpoint the stock is breaking out the downtrend line in after-hours. I'm expecting a gap up tomorrow morning.

Read more: http://www.benzinga.com/trading-ideas/12/02/2377007/stocks-watchlist-for-tuesday-february-28#ixzz1nf8cKLCT original post by efrky

  fourkids_9pets     Share   Tuesday, February 28, 2012 9:07:45 AM 
Re: AlanC post# 8870     Post #  of 8901   

i've watched zagg for just about 2 years now

(disclosure i actually hold a core position and trade a block
based on the channels the shorts have *created*)

what is clear to me is the short no.s reported are far higher
and the *shorts* can't cover *period* >> what they do do is
continually *reset* >> shares >> from one entity to another

imo if one can read *signals* via rt l2 on the OTC >> reading
rt l2 on the naz is a piece of cake >> but my caveats of volume
and percentages run true >> it's been a 2 buck+ no brainer for
well over a year now >> watch the volume >> they literally have
no choice but to *create* it at very specific times per month

so many crooks >> so little time to interface with them all 

==
4kids
all jmo

  AlanC     Share   Tuesday, February 28, 2012 9:40:32 AM 
Re: fourkids_9pets post# 8871     Post #  of 8901   

I believe the same situation exists with Ford (F) the stock is being held down by the shorts at the under $13.00 level but many folks are now trading the stock knowing exactly what the shorts are doing. They are making big bucks trading the stock against the shorts. As this practice continues to grow and increase they will be forced to do something or go bankrupt I would think. Meanwhile tons of money being made trading it. Perhaps we should create a list of similar situations folks are aware of and we and others who read but do not post can profit by trading against the shorts.

1., Zagg
2., F

  AlanC     Share   Tuesday, February 28, 2012 10:03:11 AM 
Re: AlanC post# 8872     Post #  of 8901   

I guess this would pretty much apply to almost every message board on IHUB:

From Mark's Ceo Mailbag!

You have heard much about “free speech” and “expressed opinions”, used when negative comments are being made on the stock forums about a stock. The argument is, that these comments fall under the rights provided under the First Amendment protection. Some are stock holders and some are not. This type of reasoning is always designed to be self serving.

Well, I am here to tell you, that defamation or the telling of untruths does not fall under the First Amendment. I can also tell you that the parties who previously have participated in such actions, have done so for their own benefit. And just like before, Tytan is going to respond in a manner that will win for Tytan.

These parties have camped out at the TYTN talk forum areas, simply because it is a very good stock ! They feel safe they can do well with it, since it is obviously greatly undervalued. It takes time to put together winning plans, and I think we have arrived at a time where we can start to be effective on this front.

These people benefit when the price drops and their efforts go to make sure that happens. The Best Solution for the stockholder who is wanting a higher yield, is very simple, do not sell their stock !

This is just part of what you get when you have a public company. It’s called manipulation.


http://www.tytantractor.com/NEWScorp.html

  SevenTenEleven     Share   Tuesday, February 28, 2012 10:38:54 AM 
Re: AlanC post# 8873     Post #  of 8901   

CBIS - Squeeze going on, IMO.

  SevenTenEleven     Share   Tuesday, February 28, 2012 10:42:52 AM 
Re: fourkids_9pets post# 8871     Post #  of 8901   

CBIS - Huge blocks hitting the ask. Those buys aren't retail. Squeeze play hitting shorts hard, IMO.

  SevenTenEleven     Share   Tuesday, February 28, 2012 10:46:18 AM 
Re: Bull Finch post# 8862     Post #  of 8901   

CBIS - Is MICA covering an ordered buyin?

  AlanC     Share   Tuesday, February 28, 2012 10:53:49 AM 
Re: SevenTenEleven post# 8875     Post #  of 8901   

Fun to watch, even more fun if you own.

  AlanC     Share   Tuesday, February 28, 2012 11:07:26 AM 
Re: AlanC post# 8877     Post #  of 8901   

The link to this site should be in the IBOX imho as it serves as a great resource: http://globaleconomicwarfare.com/category/the-suspects/

  SevenTenEleven     Share   Tuesday, February 28, 2012 11:10:18 AM 
Re: AlanC post# 8877     Post #  of 8901   

MJNA - Possible squeeze setting up here also?

  SevenTenEleven     Share   Tuesday, February 28, 2012 11:21:21 AM 
Re: AlanC post# 8877     Post #  of 8901   

RFMK - Another one the shorts are concerned with.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72605335

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72606334

  SevenTenEleven     Share   Tuesday, February 28, 2012 11:50:54 AM 
Re: AlanC post# 8878     Post #  of 8901   

Must have struck a nerve...

OldBen, HSBC under investigation for money laundering.

Looks like they were doing illegal transactions with Iran.

Wonder if any of their transactions were illegal stock manipulations with rogue naked short sellers based in Iran?

Wonder how much, if any, was happening in poorly watched OTC stocks such as FFGO?

Tic Toc

  fourkids_9pets     Share   Tuesday, February 28, 2012 12:18:43 PM 
Re: SevenTenEleven post# 8875     Post #  of 8901   

YEP >> i have a buddy who is very happy re: CBIS

been watching for about a week now ..

==
4kids
all jmo

  fourkids_9pets     Share   Tuesday, February 28, 2012 12:22:07 PM 
Re: AlanC post# 8878     Post #  of 8901   

done

waiting on the next round of JBII resets
the crooks (MMs') have to get *activity*
in line >> feb's data is due to finra
tomorrow >> i so love being able to
place bids off the crooks' efforts
even better when they get filled
in their pps *whiplash*

==
4kids
all jmo

  SevenTenEleven     Share   Tuesday, February 28, 2012 12:22:58 PM 
Re: fourkids_9pets post# 8882     Post #  of 8901   

CBIS - Massive buying coming in now into the ask. Another buyin ordered?

  fourkids_9pets     Share   Tuesday, February 28, 2012 12:26:28 PM 
Re: SevenTenEleven post# 8884     Post #  of 8901   

god forbid there is *ever* any transparency on the OTC
when it comes to matters of the *short* kind >> 

==
4kids
all jmo

  fourkids_9pets     Share   Tuesday, February 28, 2012 12:32:53 PM 
Re: None     Post #  of 8901   

JBII >> that is what i watch for

24 mins between trades and 2 *blocks*
go off via hidden bids >> 8k and 5k
@ 1.60 (bid ssgi at 1.59 and ask 4 at 1.61)

watch for the uc on the ask (it's how they blur the trades)

this should be revealing

edit>> like clockwork >> aaba to 1.60 on ask at 12:31:45
for a 100 *share* signal >> watch what follows .. btw
uc = undercut >> a specialty of the PROS who walk down
the ask to feed *resets*

==
4kids
all jmo

  AlanC     Share   Tuesday, February 28, 2012 12:37:05 PM 
Re: SevenTenEleven post# 8881     Post #  of 8901   

7/10/11: I would not be one bit surprised to learn that terrorists saw that our regulators were not only allowing but encouraging naked shorting and decided this would be a smart no shots fired way to destroy America. Lets put the blame squarely where it belongs the corrupt SEC, FINRA and our slimeball politicians who focused more on the contributions from Walled Street than on the dangers to our country and the world that could arise from being captured by the bashturds. Will it be allowed to continue until we collapse or are real changes taking place around the world like the 81 bank CEO's around the world that have suddenly decided to step down?

  fourkids_9pets     Share   Tuesday, February 28, 2012 12:45:12 PM 
Re: AlanC post# 8887     Post #  of 8901   

knowing what i know alan >> i'd have to agree with that

economic terrorism within america is the direct result
of greed and incompetence and clearly *complicit* entities
including the sec .. the dtcc .. finra and politicians

it's why i wonder >> if there is any federal agency that
can't be bought off >> clearly the boston office of the sec
with that poorly authored complaint released on 1/4/12


aided and abetted the cretinous filth who have their hooks
in deep >> what was worse to me >> was that posts were generated
since 12/25/11 about this very complaint >> tells me there is a
leak of substance with said cretinous filth out of boston office
of the sec >>

circumstantial evidence reflects *poorly* on regulators >>

personally i'm surprised there hasn't been another hit piece
*authored* by the abusive shorts on against JBI >> not much
is shaking out JBI investors >> i never confuse *traders*
with investors

==
4kids
all jmo

  AlanC     Share   Tuesday, February 28, 2012 12:45:59 PM 
Re: AlanC post# 8887     Post #  of 8901   

The Saint Valentine’s Day Massacre
by Kevin D. Freeman on February 14, 2012

Most people think of roses and romance when it comes to Valentine’s Day. Historians may recall bullets and bad guys from the original Saint Valentine’s Day massacre from Al Capone’s Chicago in 1929. Few recall, however, the $600 million loss suffered by George Soros in 2004. Soros was labeled by the Chinese PLA Colonels who authored Unrestricted Warfare as a “financial terrorist.” He has been labeled the man “who broke the bank of England,” has been convicted of insider trading, and was accused of destroying Asian economies in the late 1990s.

Here’s what the PLA Colonels said about him in Unrestricted Warfare:

“We believe that before long, “financial warfare” will undoubtedly be an entry in the various types of dictionaries of official military jargon. Moreover, when people revise the history books on twentieth-century warfare in the early 21st century, the section on financial warfare will command the reader’s utmost attention. The main protagonist in this section of the history book will not be a military strategist; rather it will be George Soros. (page 41).”

“Judging by this kind of standard, who can say that George Soros is not a financial terrorist? (page 36)”

More recently, George Soros has been connected to a hedge fund attack on Greece that predates the worst of the current turmoil. The original Wall Street Journal article appeared in February 2010 and at that time, the Euro was reasonably stable although under pressure. Only after hedge funds began piling on did the matter become outrageous as demonstrated by the Credit Default Swap rates. Others agree that this was a “financial warfare” attack: http://tarpley.net/2010/03/04/financial-warfare-exposed-soros-goldman-sachs-hedge-funds-attack-greece-to-smash-euro/

It is important to note that George Soros himself said that it was a combination of unlimited short selling and Credit Default Swap speculation in bear raids that brought down Lehman Brothers and caused the 2008-09 economic collapse. Then, less than a year later his firm is advocating similar bear raids against Greece and the European Union? Is there any wonder that European spy agencies were warning against speculators acting as financial terrorists? Or that Germany advocating the banning of credit default swaps (CDS) and naked short selling?

One of the most important bottom line results is that financial terrorism can lead to violence. We are seeing this play out in Greece right now. Recently, George Soros has been warning that the Occupy Wall Street crowds will also turn violent–bringing serious turmoil and upheaval to America. We will be posting soon on how the OWS movement is right that there are serious problems on Wall Street. They may not have identified all the true culprits, however. Wall Street greed has made America more vulnerable to financial terrorism. What Soros is really saying is that the same troubles in Greece are coming here. In his view, it is only a matter of time. It is interesting to note that there are many ties between OWS funding and Mr. Soros.

The main difference between Greece and the United States is that we pay our debts with the world’s primary reserve currency. Like Greece, we have unsustainable debt and budget deficits. But, we get to pay back in dollars and the world has to take them. Is George Soros warning otherwise when he speaks of OWS turning violent like Greece? We suspect that is exactly what he is saying and he should know. The dollar will be under attack soon. We call this Phase Three and it is happening before our eyes. [To learn more, visit www.secretweapon.org.]

George Soros is credited as the world’s best preeminent financial terrorist by the PLA. He has been responsible for overseeing the destruction of the British pound and the Bank of England. He has been convicted of insider trading and unsuccessful in overturning the conviction. He was accused of destroying the Asian Tigers in the 1990s. He acknowledges that it was a bear raid that destroyed Lehman and toppled the financial markets using short selling and credit default swaps. His firm hosted an “idea dinner” to make hedge funds aware of vulnerabilities in Europe, especially Greece, basically encouraging bear raids. The Greeks and Germans blame speculators like Soros using shorting and CDS to cause the turmoil that has turned into rioting. Soros has been tied to funding for OWS and now predicts it will turn violent. What else does he know? Is he aware, for example, that there is a bear raid of massive proportions coming against the U.S. dollar and America’s sovereign credit? We believe he is aware. That is Phase Three as identified in our initial report to DoD and explained in detail in our book, Secret Weapon (www.secretweapon.org). Or, check out the older posts from this Blog, focusing on the Phase Three evidence.

Few remember the 1994 Saint Valentine’s Day massacre where the “bloodbath” was financial and Soros lost $600 million. More remember the 1929 violent version featuring Al Capone that preceded an American collapse and the Great Depression which led to World War II. George Soros, no doubt remembers both. Let’s hope that a Soros reversal of the 1994 version doesn’t lead to the 1929 version as Soros seems to be predicting.

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http://globaleconomicwarfare.com/2012/02/the-saint-valentines-day-massacre/

  grantg2     Share   Tuesday, February 28, 2012 2:36:43 PM 
Re: AlanC post# 8872     Post #  of 8901   

Sounds like a GOOD IDEA to share the plays that can be milked while taking money out of the shorts' hands!

Maybe it improves our financial status while helping the shorting *entities* to go broke sooner! LOL

  fourkids_9pets     Share   Tuesday, February 28, 2012 3:58:19 PM 
Re: grantg2 post# 8890     Post #  of 8901   

watch the close on JBII

i've posted for over a month now
they want to make JBII a *trading* stock
which would be amusing if the avgs didn't
typically run 80k (for 10 and 90 day avgs)

so since they can't get the stock dumped to the grays
and no hit piece has made it's appearance >> they are
doing what they always do >> manipulating the stock eom

they get an extra day this month to *close* JBII down
and *reset* with other colluding MMs' to swap shares
for their MM monthly report to finra but mostly it's
psychological >> even folks who never check pps day to day
will check eom brokerage statements >> can't wait to see
what tomorrow has to show *volume and pps wise*

SOS DD

edit>> it gets even better >> check out that t trade/s

note the 10 >> it's a signal for nite (PRIMARY MM uses 10/100/1k)
CSTI as the secondary MM uses the 20/200/2k >>

so the T TRADE done that matters is 61,010 at 16:03:06 at 1.648

yeah i can guarantee another *round* of BOGUS BS tomorrow


i think it's time to open a board teaching all the MMs' signals


==
4kids
all jmo

  grantg2     Share   Tuesday, February 28, 2012 4:12:46 PM 
Re: fourkids_9pets post# 8891     Post #  of 8901   

Yes... would be fun to learn to spot all the tricks they use...

and drive them CRAZY knowing the word about MM games is spreading in public! LOL

  fourkids_9pets     Share   Tuesday, February 28, 2012 4:26:33 PM 
Re: grantg2 post# 8892     Post #  of 8901   

some days it's far easier to spot than others
today >> they were very very sloppy >>

first (i can't stress this enough)
a quality source of rt l2 (i use
equity feed for the MM time stamps)
is required >> then the time to observe
and take notes >> i use skype and often
have help when *activity* ramps up and
a frenzy kicks in >>

then watch for the hidden trades >>
right off the bat this am (from memory
done at 180) a bunch of hidden trades
pumped thru >> count the totals >> then
watch to see when they show again and at
what PPS >> it was clear from the open
the *intent* of JBII's direction today

(again double whammy for the crooks manipulating
the market >> eom for financial statements and
of course resetting who the NSS shares with
complicit MMs' which will be revealed for the
*bogus bs* it is when we get to see who reports
what come thursday)

then i start to look for the obvious

i also get input from folks when filled
on bid (i watch to see what stands alone
vs what retail gets filled in a bundle on
the short down) or how long a legit retail
bid can hold off the next level down (folks
would be surprised >> it can run hours)

i also have a good idea of what MM will show

suspect like the *utilization* of MM MAXM
last week for *deflection* >> we got treated
to AABA today for the same reason >> deflection

with the requisite noise it *engenders*

but mostly it's worth always knowing where the PRIMARY
& SECONDARY MMs' are parked >> on bid and ask

they use a combo of signals on JBII >> one of which is
the double signal within the trade

most are pure percentage based signals >> 200 = 2k/ 500 = 5k

but the double signals are revealing as well >> i'll go into
that more over the coming days >>

based on yesterday's monster t trade that bypasses daily reg sho
i knew today would show *volume* >> it would appear that we see
*volume* again tomorrow >>

here's to transparency >> and the elimination of MMs'

with today's technology there is no reason to have them

==
4kids
all jmo

  SevenTenEleven     Share   Tuesday, February 28, 2012 7:12:32 PM 
Re: fourkids_9pets post# 8893     Post #  of 8901   

CBIS - Low short volume & large block buying into the ask are likely signs of short covering today.

  AlanC     Share   Tuesday, February 28, 2012 7:15:26 PM 
Re: fourkids_9pets post# 8891     Post #  of 8901   

I agree. Open it so many will be able to learn and use the info against the criminals!

  AlanC     Share   Tuesday, February 28, 2012 7:26:19 PM 
Re: AlanC post# 8895     Post #  of 8901   

Report: Goldman gets Wells notice from SEC: filing

2/28/2012
http://newsandinsight.thomsonreuters.com/Legal/News/2012/02_-_February/Report__Goldman_gets_Wells_notice_from_SEC__filing/

Feb 28 (Reuters) - The Securities and Exchange Commission notified Goldman Sachs Group Inc that it may file a civil case against the bank related to a $1.3 billion offering of subprime mortgage securities, Goldman said in a regulatory filing on Tuesday.

Goldman received the "Wells notice" on Feb. 24 related to the bond deal, which was underwritten by Goldman in 2006, according to the 10-K filing.

A Wells notice indicates that SEC staff plans to recommend that the Commission take legal action, and gives a recipient a chance to mount a defense.

The bank said it will be making a submission to SEC staff "and intends to engage in a dialogue" with them to address their concerns.

(Reporting by Lauren Tara LaCapra)

Follow us on Twitter: @ReutersLegal

http://newsandinsight.thomsonreuters.com/Legal/News/2012/02_-_February/Report__Goldman_gets_Wells_notice_from_SEC__filing/

  AlanC     Share   Tuesday, February 28, 2012 7:29:15 PM 
Re: AlanC post# 8896     Post #  of 8901   

Wells Fargo receives SEC Wells notice over mortgages

2/28/2012
http://newsandinsight.thomsonreuters.com/Legal/News/2012/02_-_February/Wells_Fargo_receives_SEC_Wells_notice_over_mortgages/

Feb 28 (Reuters) - Wells Fargo & Co could face a federal enforcement action related to disclosures it made in offering documents for mortgage-backed securities, the bank said in a securities filing Tuesday.

The disclosure is the latest sign that government officials are stepping up action against banks that packaged home loans into bonds during the housing boom. The underlying mortgages later soured, spurring billions in losses for investors.

Wells Fargo said it received a so-called Wells notice from the staff of the Securities and Exchange Commission, an indication the agency plans to bring charges. Spokespersons for Wells Fargo and the SEC declined comment.

Last month, the Obama administration set up a special task force to investigate practices related to mortgage-backed securities. A settlement this month with five major banks, including Wells Fargo, over foreclosure-related abuses allows probes of mortgage bonds to go forward.

In Tuesday's filing, Wells, the fourth-largest U.S. bank by assets, said it also faces investigations related to home loan origination practices. The bank said it continues to provide information requested by various agencies in certain investigations.

San Francisco-based Wells is the largest originator of mortgages in the United States.

Last week, Citigroup Inc said it received a subpoena from federal and state regulators seeking information about the bank's "issuing, sponsoring, or underwriting" of mortgage-backed securities.

The inquiries included a subpoena from the civil division of the U.S. Department of Justice, which Citigroup received on Jan. 27, it said in its annual report. That same day Attorney General Eric Holder said the department had issued civil subpoenas to 11 financial institutions as part of a new effort to investigate misconduct in the packaging and sale of home loans to investors.

In its annual report filing last week, Bank of America Corp said it has "received a number of subpoenas" from regulators and other authorities about the bank's underwriting and issuance of mortgage-backed securities.

(Reporting By Rick Rothacker; Additional reporting by Aruna Viswanatha)


Follow us on Twitter: @ReutersLegal

http://newsandinsight.thomsonreuters.com/Legal/News/2012/02_-_February/Wells_Fargo_receives_SEC_Wells_notice_over_mortgages/

  AlanC     Share   Tuesday, February 28, 2012 7:30:18 PM 
Re: AlanC post# 8897     Post #  of 8901   

Now if the script is followed there should be multiple class actions suits to those who received Wells notices. If that doesn't occur what does that tell you?

  fourkids_9pets     Share   Tuesday, February 28, 2012 7:35:17 PM 
Re: AlanC post# 8896     Post #  of 8901   

thanks alan

just posted that on the GS board

==
4kids
all jmo

  fourkids_9pets     Share   Tuesday, February 28, 2012 7:36:43 PM 
Re: AlanC post# 8898     Post #  of 8901   

the ambulance chasing attys'
won't sue the hand that <feeds>
directs them 

such an incestuous little group

==
4kids
all jmo

  AlanC     Share   Tuesday, February 28, 2012 7:43:30 PM 
Re: fourkids_9pets post# 8900     Post #  of 8901   

Ya think? lol Perhaps we should call every one of those firms that put out PR's trolling for clients against JBII to suggest they file against Goldman and Wells Fargo! Seems like we would be helping them. Can we get 100 volunteers?

  fourkids_9pets     Share   Tuesday, February 28, 2012 9:51:27 PM 
Re: AlanC post# 8901     Post #  of 8904   

lol >> too damn funny

if i had the time i'd call the contacts
for some of the better known firms on
the hedgies' speed dial and ask when the
trolling for clients commences for GS ..

you know my opinion >> all roads lead back to GS

==
4kids
all jmo

  SevenTenEleven     Share   Tuesday, February 28, 2012 10:16:31 PM 
Re: fourkids_9pets post# 8902     Post #  of 8904   

you know my opinion >> all roads lead back to GS - fourkids_9pets

Or some other _S...

The SEC is about to be pushed aside by the US Treasury. They are realizing the Trillions in tax revenue the SEC is costing them by aiding and abetting the off-shore naked short sellers and the market makers that route their trades and the clearing firms that hide the FTD's.

Tic Toc

  SevenTenEleven     Share   Tuesday, February 28, 2012 10:28:10 PM 
Re: grantg2 post# 8892     Post #  of 8904   

CTCC - The short and distort is in full gear! It does appear that an aggregate short volume position is accumulating over the course of a number of consecutive trading days.

Those short are being hit on many fronts in the OTC. With the right speculative buying and movement north, they could be forced into a squeeze and worse yet (for them), an ordered buyin.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72648273

Total CTCC shorted shares the last 17 trading days 96,739,224. The CTCC float is about 68 million shares and the OS is maxed out at 235 million shares The AS is tiny at 235 million shares. MOASS ahead! That is about 97 million shares shorted. As you can see it is all approx 40% to 85% a day. Now we just have to watch for a major short squeeze ahead.

20120202|CTCC|27386989|0|63143934|O
20120203|CTCC|7688031|0|20285485|O
20120206|CTCC|8677265|0|15914610|O
20120207|CTCC|8384675|0|14596492|O
20120208|CTCC|6882858|0|9885503|O
20120209|CTCC|3341325|0|5291402|O
20120210|CTCC|4910886|0|12104436|O
20120213|CTCC|977873|0|11551088|O
20120214|CTCC|3188305|0|4896614|O
20120215|CTCC|3628311|0|8270548|O
20120216|CTCC|1431432|0|5615480|O
20120217|CTCC|2412460|0|3541278|O
20120221|CTCC|4767810|0|6764538|O
20120222|CTCC|2139566|0|2460777|O
20120223|CTCC|4496248|0|10480707|O
20120224|CTCC|4062943|0|15189973|O
20120227|CTCC|2362247|0|6431068|O

  SevenTenEleven 
Tuesday, February 28, 2012 10:53:16 PM   

I know they would

Post Date: 2/28/2012 10:39:18 PM in reply to 72648273 by BigBake1
Board: DD Support Board and Fraud Research Team Reason: Off-Topic

Discussion of NSS is off-topic on this board.

Go to the NSS board if you want to be on-topic.

Good Luck!


5T WD haha

BMFL<OD

next week(s) is here

Who's Next!


http://www.youtube.com/watch?v=BfuWXRZe9yA

http://www.youtube.com/watch?v=pQBLi5mukm

Last edited by Bull Finch (2012-02-28 21:58:59)

NSS ~ Counterfeiting Stock ~ MM Games Played 

Moderator: fourkids_9pets Assistants: Paula, camper9, SevenTenEleven, ThePennyGuru, dehydratedman  Share   Followers: 233 

Created: 7/20/2010 5:52:25 PM 



  SevenTenEleven     Share   Thursday, March 01, 2012 3:05:31 PM 
Re: fourkids_9pets post# 8917     Post #  of 8936   

A friend's thought on Knight Capital:

Gotta say
Knight Capital's managing partner for equities, Peter Kenny, is on FBN. Gotta say he is a great sales guy, slick, polished: says the current rally WILL lose steam in 2Q and back down a bit although the Fed is backing things until 2014.

My thought; good for Knight to put a little incremental fear into the markets when they love to play the shorts game so well. Gamesmenship played very well.

  AlanC     Share   Thursday, March 01, 2012 3:50:44 PM 
Re: SevenTenEleven post# 8924     Post #  of 8936   

Central Banks Now Operating as One Global Monopoly?

Thursday, March 01, 2012 – by Staff Report





Central banks' joint efforts sustain global system ... Never before have the world's central banks sent so much money sloshing through the global financial system. From slashing interest rates and buying government debt to dangling cheap loans to banks and taking on their risky assets, central banks have taken extraordinary steps since the 2008 financial crisis to nurse the international banking system back to health. Over the past 3 1/2 years, the central banks of the United States, Britain, Japan and the 17 countries that use the euro have pumped out so much money that their balance sheets have reached a combined $8.76 trillion. That's a record, by far. The infusion of money has eased borrowing costs and raised confidence in banks, governments and companies. – Boston.com

Dominant Social Theme: More is better. But each bank "does its own thing."

Free-Market Analysis: It is a much denied fact that what may be called a New World Order is continually being developed at the highest reaches of power. But what is less well known is the amount of coordination already developed between the facilities that provide the engine for global governance.

Central banks are separate banking facilities and responsible for various elements of their country's economies. Some are operated at an arm's length from government but all are likely, one way or another, controlled by the Anglosphere power elite.

This elite is apparently made up of great Jewish (elite) banking families along with corporate, religious (Vatican) and military interests and they have continually pushed forward with their homogenizing agenda. The general public is not supposed to be aware of this, of course, and Western media is not supposed to explain it.

It is, in fact, a kind of sub-dominant social theme – a promotion of sorts. The idea is that countries are generally driven by independent monetary and economic agendas. The world does not run from the top down.

And yet, we can see increasingly frank indications that Western media, especially in the US, is beginning to state the obvious: Monetary policy is being coordinated worldwide. Here's some more from the article:

Central banks have revealed no plans to reverse course and tighten credit soon. The Fed has said it expects to keep short-term rates at record lows near zero until at least late 2014. At a House hearing Wednesday, some lawmakers pressed Bernanke about the risks of keeping rates so low for so long.

"One of the problems with setting these horizons out so far is that the private sector starts to expect that, and if circumstances change, crawling back off that limb could be very difficult," Rep. Melvin Watt., D-N.C., told Bernanke. "The policy is a conditional policy," Bernanke responded. "It's based on what we know now. If there's a substantial change in the outlook, we'd have to adjust accordingly."

Bernanke hinted that if the U.S. economy continued to improve consistently, the Fed might have to consider raising rates sooner. For now, following the Fed's lead, other central banks have kept their benchmark short-term rates at super-lows. They've created low-rate lending programs for commercial banks, like the three-year loans the ECB is providing.

We can see from this article's initial excerpt and the one above that the elite narrative is a simple one: The Fed has responded adequately to the problems the world has faced since the 2008 meltdown and that other central banks have taken their cue from the world's greatest and best-run central bank to follow along.

The article also mentions bond purchases known as "quantitative easing," or QE. This is just a fancy way of saying the Fed is printing money and buying paper instruments that the market would otherwise value with far more severity.

In Europe, the central bank is pursuing a policy similar to the Fed's, as is the Bank of England. Earlier this month, the article informs us, the Bank of Japan strengthened its asset-purchase program.

And the Bank of Japan, according to the article, has also been cutting short-term rates aggressively and basically giving money away to the commercial banks that then distribute the "funds" to the public.

Here's a telling quote, according to the article, from David Jones, head of DMJ Advisors and Fed researcher and book author: "Everyone is following the Federal Reserve's example of printing money to get out of this economic slump."

We've noticed another sub-dominant social theme as well. Fed Chairman Ben Bernanke is constantly talking about how the economy is improving and about the possibility that the Fed would soon tighten credit and stop printing so much money.

This is because he knows that by injecting so much paper money into the system he is devaluing the money already there. This is known as "inflation" – and leads to price inflation. Price inflation is increasing around the world and in the US has been estimated to be up to nine percent per year – maybe more.

The article quotes Diane Swonk, chief economist at Mesirow Financial, as saying, "Central banks around the world are making a bet that they will be able to handle inflation down the road."

Of course, in the history of monopoly money printing such an event has never occurred. Central bankers have NO IDEA of how to "drain" inflation. It never happens. Ruin is a one-way street.

There is another reason why central banks either won't "drain money" adequately or will do it so aggressively that the globe will be dumped into a kind of hyper-depression. That reason, in our estimation, is that the elites are TRYING to create a depression.

This is part of a larger one-world agenda. The twin pincer of global depression and global war is being prepared like a grim cocktail and sooner or later it will be administered to the unwilling patients.

In many ways, worldwide governance is already an operative fact. The BIS has well over 100 central banks reporting to it and almost all countries now HAVE a central bank. This does not mean, of course, that the central bank era is bound to be a success or that a formal New World Order is a fait accompli.

What we call the Internet Revolution is evidently and obviously undermining the pathologically ambitious plans of the power elite, and many of the fear-based memes that have been used successfully to consolidate power and wealth are not working so well any longer.

From our point of view, ever since the unexpected explosion of the new Information Age, the plans of the elite have been increasingly questionable.

Conclusion: Yes, there may be a good deal of centralizing going on – and we disagree that such centralizing is a good idea generally, let alone as part of a global enterprise. But we are not certain that one world is in the offing, no matter how aggressively central banks coordinate their policies and printing.

  AlanC     Share   Thursday, March 01, 2012 5:10:33 PM 
Re: AlanC post# 8925     Post #  of 8936   

Judge Nixes Change Of Venue For Accused Calif. Hedge Fund Manager

Mar 1 2012 | 3:55am ET
http://www.finalternatives.com/node/19772

Hedge fund manager Doug Whitman will have to suffer an unwanted vacation in New York City this summer, a judge has ruled.

U.S. District Judge Jed Rakoff rejected a request by the Whitman Capital founder's lawyers to move his trial on insider-trading charges from the Big Apple to California, where Whitman lives and where most of the companies whose stock he is alleged to have traded illegally are based.

Whitman's lawyers had argued that, "at its heart, this is a Silicon Valley case and not a Wall Street case," and that most of the witnesses live in California. But Rakoff brushed them aside, noting that it was really as much a "cyberspace" case as anything. And, the judge added, the trial, set to begin on July 30, would only last about two weeks.

According to prosecutors, Whitman earned more than $900,000 participating in two insider-trading schemes. One allegedly involved Roomy Khan, the former Intel Corp. employee who helped bring down Galleon Group founder Raj Rajaratnam and a former neighbor of Whitman's in Atherton, Calif., and the other expert-network consultant Karl Motey.

If convicted of securities fraud and conspiracy, Whitman faces up to 50 years in prison.

http://www.finalternatives.com/node/19772

  AlanC     Share   Thursday, March 01, 2012 5:11:39 PM 
Re: AlanC post# 8926     Post #  of 8936   

German prosecutors raid 86 properties across Europe in insider trader probe

German prosecutors launched 86 raids on properties across Europe on Tuesday as part of an investigation into insider trading and market manipulation.

By Jonathan Sibun
5:38PM GMT 01 Mar 2012
http://www.telegraph.co.uk/finance/financial-crime/9116436/German-prosecutors-raid-86-properties-across-Europe-in-insider-trader-probe.html

The far-reaching raids are connected to suspected inflation of penny stock prices by media publications.

Prosecutors believe suspects could have manipulated share prices by withholding information or publishing false claims.

A spokesman for the Munich prosecutors reportedly told Bloomberg: "We are looking into allegations that share prices may have been manipulated by using publications. Because that case is pending, we can't say more now. We are just at the beginning."

The raids come after authorities earlier this year successfully prosecuted several individuals in connection with a newsletter targeted at small investors.

Thursday's raids centred on suspicions of stock fraud, market manipulation, breach of trust and insider trading, according to the prosecutors.

Authorities raided 53 addresses in Germany and asked colleagues abroad to target a further 29 sites in Europe and four outside the region.

The prosecutors have gained a reputation for fighting penny stock frauds, a position strengthened by this year's successful convictions. The spokesman reportedly said: "It's easier to influence the shares prices of small companies this way. It would be much more difficult to do it with the stock of huge corporations."

http://www.telegraph.co.uk/finance/financial-crime/9116436/German-prosecutors-raid-86-properties-across-Europe-in-insider-trader-probe.html

  grantg2     Share   Thursday, March 01, 2012 6:03:50 PM 
Re: SevenTenEleven post# 8911     Post #  of 8936   

somebody's smiling over that!

One day, once educated, I plan to be one of those smiling!

  AlanC     Share   Thursday, March 01, 2012 8:34:51 PM 
Re: grantg2 post# 8928     Post #  of 8936   

Munich Prosecutor: Raids On Suspicion Of Insider Trading

February 29, 2012, 12:30 p.m. ET
http://online.wsj.com/article/BT-CO-20120229-713304.html

FRANKFURT (Dow Jones)--The public prosecutor of Munich said Wednesday raids have been conducted at 86 places in and outside Germany amid investigations linked to several individuals over alleged insider trading and market manipulation.

Fifty-three locations in Germany, 29 in other European countries and four outside Europe have been raided, said prosecutor Thomas Steinkraus-Koch.

The raids come after the U.S. Federal Bureau of Investigation said Monday federal authorities seek to build insider-trading cases against roughly 120 individuals on and off Wall Street. However, it isn't clear if the raids ordered by the Munich prosecutor are related to the cases in the U.S.

Steinkraus-Koch didn't disclose names of the affected individuals and said he assumes that the proceedings will drag on for a prolonged period of time.

-By Heide Oberhauser-Aslan, Dow Jones Newswires, +49 69 29 725 500; frankfurt.priority@dowjones.com

http://online.wsj.com/article/BT-CO-20120229-713304.html

  grantg2     Share   Thursday, March 01, 2012 8:38:44 PM 
Re: AlanC post# 8929     Post #  of 8936   

Looking like some BALLS of wax and string are beginning to unravel!

Some BIG NAMES taking some hits in recent days!

  AlanC     Share   Thursday, March 01, 2012 8:41:24 PM 
Re: grantg2 post# 8930     Post #  of 8936   

I must admit I am somewhat encouraged by what I have read and seen in the past couple of days.

  grantg2     Share   Thursday, March 01, 2012 9:11:37 PM 
Re: AlanC post# 8931     Post #  of 8936   

When the SERIAL PENNY SCAMMERS (such as those caught up in that iHub ELEVEN debacle a while back) begin to go to jail,

and the SEC admits publicly comments made to individuals privately that the OTC is set up to be a FRAUD PLAYGROUND for hedgies & manipulators...

THEN MAYBE there will be a corner turned in NSS because FINRA finally gets aggressive and exposes the SEC for facilitating of NSS Be it a rogue Boston SEC office, or the entire organization!

Until then, I dare not uncross fingers & eyes!

  SevenTenEleven     Share   Thursday, March 01, 2012 10:05:37 PM 
Re: grantg2 post# 8932     Post #  of 8936   

The end is coming for the short and distort campaigns.

Shorty can't keep supporting the efforts when he is being forced to cover in a number of million dollar casualties.

Some will continue out of symbolic loyal to the "cause". But that will become increasingly hard.

  SevenTenEleven     Share   Thursday, March 01, 2012 10:12:39 PM 
Re: grantg2 post# 8928     Post #  of 8936   

CBIS was the squeeze of the week. Millions of dollars worth of buys hitting the ask. Still looking for a single promotion campaign. Can't find on. No emails from promoters, no alerts.

There was a squeeze triggered IMO and Viola, stock went from $0.05 to $0.24.

  SevenTenEleven     Share   Friday, March 02, 2012 12:31:27 AM 
Re: AlanC post# 8923     Post #  of 8936   

Looks like someone sending Congress a warning. "don't mess with the Fed, or else!" LOL!

  AlanC     Share   Friday, March 02, 2012 7:25:01 AM 
Re: grantg2 post# 8932     Post #  of 8936   

I hear ya loud and clear and I have experieced being asked by an SEC Enforcement Attorney "why would anyone ever buy an OTCBB or pink sheet stock anyway since they were all scams". The SEC with that attitude permeating from the top gave the criminals the green flag to have a good time and steal all you can from these folks, they deserve it. That comment was made to me some 12 years ago and served as a trigger point for me to wage my own personal war until real changes were made. Our army demanding an end to these crimes grows daily.

5T WD haha

BMFL<OD

next week(s) is here

Who's Next!


http://www.youtube.com/watch?v=BfuWXRZe9yA

http://www.youtube.com/watch?v=pQBLi5mukm