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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (870)	3/14/2006 4:14:38 PM
From: rrufff	Read Replies (1) \| Respond to of 5034

Author: Kirk Email Print Discussion: A@P; Amr "Anthony" Elgindy Discussion; Anthony@Pacific Date: October 23, 2005 8:49 AM Subject: 10/21/05: An Open Letter to Stockwatch . 10/21/2005 6:20:57 PM From: Anthony@Pacific Original Post siliconinvestor.com. Posting this on behalf of Anthony. Again, his words. ------------------------------------------------- An Open Letter to Stockwatch: This is in response to your story dated October 3, 2005. In this story you detail profits in four stocks that you claim I personally made. Your story is not only false, but it is incredibly misleading. The government requested more time to answer our forfeiture filing which you yourself can read in post # 92,426. I strongly suggest you read it, then obtain the filed trading records and issue a correction ON: 1) IMCLONE: I never made a cent shorting IMCL I was long and sold my last share on 1/18/02, three months before any illegal searches were done. Your statement that I made $516,511.00 is completely false. An individual named Kendal McGregor of the Cardinal Hedge Fund made this money. He has never been charged and gets to keep every cent. 2) Micromem Tech: I never shorted this stock. Your statement that I made $272,297.00 is also completely false. An individual named Jeffrey Thorpe along with Mr. McGregor made this money. Neither has ever been charged, and they both get to keep every cent. 3) Nano World Projects Corp: I never shorted this stock either. Your statement that I made $45,270.00 is completely false. Once again this money was made by someone else who gets to keep every cent. 4) Freedom Surf: This is the only stock that you mentioned that I did in fact short, but you still managed to get it wrong. I made a profit of $12,000.00 in FRSH with the remaining $28,000 made by someone else who gets to keep every cent. At trial I was not convicted of anything in connection to Freedom Surf. All of the above information is available in the trading records filed with the Court, so why not be accurate? The trial began with 41 stocks to defend. At trial they managed to mention 19. Of these 19, I was convicted of inside trading in only 4. My personal gains are roughly $41,000.00. This number increases to approximately $160,000.00 if you include the gains on all 19 that were mentioned, including the 15 that were not proven to a jury. The prosecutors are trying to hold me responsible for over 9 million dollars that other people made. This is money still in their collective pockets; money I could never have realized. There has never ever been a case where one defendant has been required to forfeit the profits of his convicted co-defendants and the profits of other uncharged parties while all these people are allowed to keep their profits. NEVER! Maybe this is why they need some extra time? Peace, A&P Kirk Lindstrom suite101.com Message 21815434

To: rrufff who wrote (870)	3/14/2006 9:40:33 PM
From: rrm_bcnu	Respond to of 5034

SEC settles with hedge funds over 'Pipe' trades By John Spence, MarketWatch Last Update: 3:24 PM ET Mar 14, 2006 BOSTON (MarketWatch) -- The Securities and Exchange Commission said Tuesday it has reached a settlement with three New York-based hedge funds over charges related to illegal trading in connection with so-called Pipe offerings. The agency alleges the trio -- Langley Partners, North Olmsted Partners and Quantico Partners -- carried out a scheme to evade registration requirements of federal securities laws for 23 unregistered securities offerings, known as private investment in public equity or "Pipes," and engaged in insider trading. The SEC said hedge fund Langley Partners will disgorge $8.8 million in ill-gotten gains and prejudgment interest. Meanwhile, Langley Partners and Jeffrey Thorp, the portfolio manager for the funds, will pay civil penalties totaling $7 million. A Pipe is an offering where accredited investors -- those with at least $1 million -- are allowed to purchase stock in a public company, generally at a discount. The stock can only then be sold to the public after the shares are registered with the SEC. The regulator alleges the hedge funds and Thorp typically sold short the issuer's stock, often through "naked" short sales in Canada. Naked shorting is the controversial practice of going short on a stock without first borrowing the shares. The funds and Thorp settled the charges without admitting or denying the allegations, the SEC said.