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Gold/Mining/Energy : Esprit Exploration Ltd.
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From: no1coalking8/5/2008 4:58:04 PM
   of 2774
 
BoBo: Why The DTCC Is A Prime Mover In Securities Fraud and Naked Shorting
The arrogance of the DTC is astonishing.

Imagine that scenario. DTC allows 30 million phantom shares in your company to be sold and not located or delivered. That lines the pockets of criminal hedge fund operators and clients. When your company attempts to reconcile the shares, the DTC issues an order that you increase your share count to make up for the discrepancy - at great expense to your company and with massive dillutive effect on your shareholders.

Sickening. Thankfully, they filed suit against the DTC and have a sensible judge willing to block the DTC's unilateral action while the lawsuit proceeds. This could be a landmark case.

Chekk
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