Raymond L. Dirks Internet Research Tribunal Thread Message Board

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Pastimes : Raymond L. Dirks Internet Research Tribunal Thread

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To: rrufff who wrote (450)	3/25/2005 10:41:52 PM
From: Sidney Reilly	Read Replies (2) of 544

Naked short selling STILL alive and well antandsons.com antandsons.com "How can the DTC do their job and be clear of all conflict of interests if most of the board members are affiliated with big broker-dealers?" That list of names exposes the whole scam in a nutshell. I had another thought while I was reading the articles. When I buy a BB stock and the DTCC "loans" the MM the shares to deliver to my account, counterfeit shares btw, no shares have been removed from the float. The DTCC has the shares on their books as loaned and the MM is supposed to settle that loan but what if he never does. Because, the shares I bought are fake and the float was not reduced the pps never goes up because buying will never move the price. Only the MM can move the price. And he only moves the price up when there's a string of suckers with money waiting to buy counterfeit shares because of some news or other event. Then the buying eases especially if the company is not strong and he can move the price down again. Down far enough so I am losing money and give up on the stock and sell. But by selling I have settled the MM's "fail to deliver" position FOR HIM!!! I am suckered in and out of the stock, the DTCC collects, the MM collects and I lost money as well as settled the MM's naked short position for him!! What a scam. They are creating shares out of thin air and selling them to us, the suckers. And then we give them back at a loss and settle their books for them!! They should all be shot.

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