Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LLCF who wrote (60446)	7/21/2008 6:36:36 PM
From: The Vet	Read Replies (1) of 78438

a used car dealer with a buyer on one side of the lot for the "perfect" car No it's more like the dealer with two buyers for that one car and he has taken the full price in advance from both of them and told them to come back in 13 days when they just "might" get the car... DAK - You talk a lot about our "ignorance" but you seem unusually reticent to provide clear answers to questions or to supply real data and links to support your assertions. Just because something has become a common practice that the authorities choose to ignore doesn't make it right. The facts seem undeniable.. The same stock is being sold to multiple buyers all of whom believe they own it outright. If I bought a car from a dealer for cash and later found out it was encumbered by a lien or an undischarged lease, I could either file a criminal complaint of fraud and/or bring an action in the courts to obtain redress... What's the difference between the above example and what you claim is legal in selling stocks. The broker is selling the same piece of property to multiple buyers without making them aware that the property sold was not owned by the seller and in full knowledge that it cannot be delivered to the buyer?

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