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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: StocksDATsoar who wrote (61199)10/23/2000 10:23:35 PM
From: Mama Bear  Respond to of 122087
 
Thanks for filling us in on the latest in paranoid nutcake conspiracy theories.

Regards,

Barb



To: StocksDATsoar who wrote (61199)10/23/2000 10:57:26 PM
From: Blue On Black  Respond to of 122087
 
Sheeeeiiiittt.
Let's have another RMIL.
.
.
.
Still plenty of idiots around....
lee

PS:Pugs, is that you? Your mother still walks the streets. BTW...warm fuzzies at you.



To: StocksDATsoar who wrote (61199)10/23/2000 11:28:12 PM
From: zonkie  Respond to of 122087
 
When I read your post about calling your certs I clicked on the link because I figured it must have been written by some penny pump and dump site that wants everyone to be holding their certs at home so they won't be as likely to sell while they are dumping.

I saw a website very similar to the one you linked to a few years ago. If I remember right the way I got to it was from a link at a site that was exposing some of the fraud that the Unifiication Church is behind (the Ron Hubard thingy). They are into penny stocks among many other things.

If the public realized the scams they have going on and the problems they have given the government they wouldn't believe it. Do a search and see what people are saying.



To: StocksDATsoar who wrote (61199)10/24/2000 12:06:23 AM
From: WhatsUpWithThat  Respond to of 122087
 
One fact (well, I'll assume it is, though I didn't actually check it, but it seems reasonable):

According to the DTC, there are currently 11,000 brokerage firms, dealers, custodian banks, institutional investors, transfer agents, paying agents, and exchange and redemption agents for securities issuers considered as "DTC Participants".

...which the writer of that piece uses to taint all this pure conjecture with the color of fact:

There is the possibility that any or all of these DTC Participants could issue counterfeit stocks at any given time. Being extremely conservative, let's imagine if this was done on a weekly basis by only 5% of the DTC Participants. In such a scenario, there would be 550 worthless offerings of counterfeit stock issued each week. If each offering is for 100,000 shares at a buy price of $7 ($700,000 each offering), the total profit to the DTC Participants each week would be $385 Million dollars from nothing more than ledger entries and thin air. That's an annual "profit" of $200,585,000,000 or more than $200 BILLION.

I mean, come ON! What makes 5% "extremely conservative"? Where did the author come up with 100,00 shares per offering? And where did $7 come from?

Any valid point contained in the article is completely lost in all the hyperole.

WUWT