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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (4723)	6/16/2003 4:23:58 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 12465

Re: Canada to Crack Down on Securities Abuse I note how the press release was mangled to imply that the main "securities abuse" on which Canada would crack down was naked short selling. Nice try. And then, out of nowhere, the subject matter shifts to the US and the alleged protest rally on "the morning of June 23 in Times Square by affected shareholders." For those planning on participating, here's a little free advice on how to get some quality air time: clothing optional. My pleasure, of course. - Jeff

To: Jeffrey S. Mitchell who wrote (4723)	6/16/2003 7:42:43 PM
From: scion	Respond to of 12465

The spin is all in the wrist...as I read the SEC announcement, the idea is that shareholders' rights included the decision to withdraw their shares from the DTC system or not, and the companies could not make that decision for them. By contrast, the U.S. Securities and Exchange Commission recently stunned U.S. public company executives and shareholders alike by turning down one of the few protections many have been able to wield against rampant and flagrant short-selling abuses – withdrawal from the mostly ineffective electronic trading system managed by the Depository Trust and Clearing Corp. A protest rally is scheduled the morning of June 23 in Times Square by affected shareholders. As for the "affected shareholders", let's hope they recover from whatever they have caught.