" If you think such threats aren't real, look to the case of the two dead directors of Xybernaut."
From: C. Austin Burrell [mailto:b.burrell1@cox.net]
Sent: Thursday, February 17, 2005 11:36 AM
To: XXXXXXX
Floyd, I saw your very biased article on short selling. The problem professionals have is with "Naked Short Selling". Such conduct constitutes a violation of Sections 5 and 6 of the Securities Act of 1933, prohibiting the sale of unregistered securities. Sale of Unregistered Securities is a civil issue. The parallel criminal cause is Counterfeiting of Commercial Securities, see 18 USC 514. EATC has filed such a criminal complaint with the Secret Service with attached evidentiary proof of naked shorting in its stock that wrecked the Company. Want to talk to some of the CEO's of one of these companies who have infinitely more knowledge about this than Byrne? Call Rod Young, CEO of Eagletech Communications, at (954) 295-0136. Remember the name. You will see it and him when the Dateline piece airs.
Ask him how many people have had their lives threatened here. I can give you more if anyone will talk to you after this article. I am sending you copies of the charges levied by the SEC against EATC manipulators just two days ago. Read them and find the charging cause errors in the last paragraph. Like many of us, Dave, who you spoke too, has had his life threatened, and he has had the name of his wife, his SSN and his home city put up on message boards. He has reported this to the FBI in Boston. If you think such threats aren't real, look to the case of the two dead directors of Xybernaut.
Dave has spoken to many of the SEC and NASD regulatory officials involved with this scandal an uncountable number of times, and he has sent them hundreds of communications. He is no crank. Neither am I. I suggest you get your facts straight before you get embarrassed worse than this article does for you.
Regarding Annette Nazareth's statements to you, ask her these incredibly simple questions, and demand a straight answer: If the short positions were no problem, why did they "grandfather" all short positions existing before Jan 3? I already know the answer. There aren't enough shares in the system for force settlement of all these shorts. That is a violation of the requirements for settlement mandated for the SEC by Section 17a of the Securities Act of 1934. If there is no shorting problem, why do DTCC and the NSCC refuse to divulge short positions in traded , and particularly, victim, companies?
Best Regards, and Good Luck
spacing added by Debi to aid reading
"There is an appointed time for everything, and a time for every affair under the heavens" Ecc 3,1 |
