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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Patchie who wrote (95150)8/31/2006 10:35:51 AM
From: StockDung   of 122087
 
"Global links was not naked shorted..it was manipulated. By the definition of manipulation you must havean impact on teh stock price in a manner of illegal trading activities."


Re: Forbes Again Breaks Story on SEC Cover-Up and NSS Fraud By Patchie on 8/27/2006 7:28 AM

Global links was not naked shorted..it was manipulated. By the definition of manipulation you must havean impact on teh stock price in a manner of illegal trading activities.

The Excessive FTD's was created by Wall Street's clerical error. They forgot to adjust shareholder accounts thus allowing shareholders to sell excessive amounts of shares post split. That in itself is not fraud.

Fraud comes into play when they realize teh mistake and do nothing about it. Then, they willfully decided to have an impact on teh market cap of Global links - definition of Fraud.

Consider you receiving a payroll check from your company. When you deposit the check $1,000, the clerk actually deposits $10,000 in your account. Clerical error. Soon the bank gets an acciounting error as deposits do not match checks. They identify the problem and correct the mistake. If the perdson has already spent the extra $9,000 they must pay it back. pretty simple.

In the case of Global Links, Wall Streets reaction would be the equivalent to the bank not addressing the extra $9,000 but instead debited your company an additional $9,000 to cover their mistake. And they did it many times over. They stole the money to protect the mistake.

thesanitycheck.com
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