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


To: Hoatzin who wrote (7587)3/12/2005 2:43:10 PM
From: Kevin Podsiadlik  Read Replies (2) | Respond to of 12465
 
The 13D filing by Robert C. Simpson states that he spent $5,205.00 of his personal funds on 2/3/2005 to acquire 1,158,209 shares of GLKCE, which (he claims in the filing) “make up 100 percent of the issued and outstanding common stock of the Issuer”

A big-time naked shorting operation against a company supposedly valued at just over $5,000? How that passes anyone's laugh test is beyond me.

Once again, at the bottom of an alleging of naked shorting is a company not being honest about the state of its share float. If our friend will have that be a part of his Congressional investigation, then maybe we have something discussable.



To: Hoatzin who wrote (7587)3/13/2005 10:09:17 AM
From: rrufff  Read Replies (2) | Respond to of 12465
 
I'm not defending the company or Simpson. I'm glad that someone in Congress is finally looking into this issue. Aren't you?