To: bill who wrote (1658 ) 10/22/2001 12:03:34 PM From: Peter W. Panchyshyn Read Replies (1) | Respond to of 11633 Bill , I thought Stan might come back with this. You may wish to look over his posting # 1061 which started this area of discussion. As well as the subsequent postings, mine included. As is usual Stan presents no proof to support his claims. Just makes comments to try to drive down these trusts because his own due diligence has failed so miserably. At any rate the conclusion I arrived at was that if Stan were correct somebody would have presented the evidence and taken the participants to court and sued for many millions and the practise would have been stopped cold. As none have come to do that, and that the practise has not stopped ,means there is no manipulation going on whatsoever. That Stan himself has not taken any appropriate legal action on his own behalf means he has not one bit of proof. He and others do not play these trusts for the long term as they should be played. And when short term they position themselves in the wrong direction and they do not make anything or worse yet they loose. They cry fowl and look to lay the blame elsewhere instead of at themselves. If their going to pretend to be expert traders and aren't really then it should be no surprise that they have the results they have. I will comment on Stans response below """"Now here's the part I really like - they also tip off their friends beforehand, who then double up short before the new issue announcement. That way, they can help support the unit price post-announcement by buying back in their short positions at the issue price while everyone waits for the deal to clear approvals and then close."""""""" ------------ As is usual just statements and no supporting facts. Look to that past exchange where another poster looked to the trading data to reveal that no evidence showed such an occurrence. Stans response was that they do it with secret accounts. Although even secret accounts would leave a record of such activity. Guess what none found. The amount of trading indicated that the positioning according to the data was small and the movements of just a few cents. Stans response he knew traders that would do for much less. So here we are suppose to believe that a trader working for a big firm is going to be wasting his time and the firms resources to make a few thousands. The firm would toss that trader out on his ass. Wasting resources for a few thousands when he should be spenting the time making many times that ( hundreds of thousands or millions). ------------------- """"""" Whatever units they can't or don't need to buy back, they simply are allotted from the new issue. Voila, their buddies are magically flat again, except with a buck or two extra per share in their pockets. Afterwards, everybody takes turns buying each other lunch for a few months until the next deal comes along.""""""""""""" ------------------- Still no evidence. Where is it? You won't see any here or anywhere.----------------------- """"""""""""" Now, some people would say that it seems kind of bizarre that entities whose raison d'etre is to generate cash should need to - hold onto your hats, now - keep raising cash selling new units. Could it be that they are paying out too much monthly in order to maintain the masquerade as high yielding enterprises? No, that couldn't be it, of course not. After all, 25% plus yields grow on trees, right?""""""""""""""""""""""""""""""""""""""""""""""""""""" -------------- Again provide evidence and not just hear say or scare tactics. All it takes is to go through the trusts quarterly reports and annual reports and look at how much the trust sells at what price for the income the unit holders receive. That is the only source of income reported. There is no mention of any other. This talk of masquerading income is just so much BS.-------------------------------------------------- """"""""""""""""""" The TSE and OSC condone these abusive and oppressive trading practices, which goes a long way toward explaining why I have no respect for those bodies. I would suggest you just consider this rape and pillage exercise as giving back part of that high yield.""""""""""""" ---------------- Then why doesn't Stan take these to court in a class action lawsuit. Provide his evidence to the court and he can make millions for himself and others and stop the practise. Simple fact he has no evidence. He would be laughed out of court ------------------------------------ """""""""""" And Bill, just before I go - you will no doubt soon be hearing from those "who believe" that it's a necessary evil and an okay thing for the trusts to issue new units using bought deals on terms favorable to insiders but prejudicial to your position. While you listen to their explanations, think about that feeling you currently have that you've just been robbed, and then tell me which is more real.""""""""""""""""""""" ------------- As is all ways the case, these traders want you to base your investing on feelings, not on real facts. A look at all the facts (NONE) presented by Stan here and in the forementioned previous discussion. Should tell the real story. ---------------------