Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Patchie who wrote (94941)	8/18/2006 1:04:17 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

PATCH KAN'T COUNT EITHER. SO HOW DOES YOU GO FROM 4.026 MILLION SHARES AND THEN A 3 FOR 1 FORDWARD EFFECTIVE APRIL 10TH 1 MILLION? YOU USED 2005 NUMBERS, WHY GO BACK SO FAR? 04/12/06 -- Global Links Corp. (OTC: GLLC), formerly GLKC.PK, announced today that it has completed a 1-for-3 mandatory forward split of its common stock. The record date for the forward split was Apri l7, 2006, and the effective date was April 10, 2006 3 X 5 EQUALS 15 MILLION

To: Patchie who wrote (94941)	8/18/2006 5:03:25 PM
From: StockDung	Respond to of 122087

SHORTS' NEMESIS DUMPED A CLIENT'S SHARES By RODDY BOYD nypost.com August 18, 2006 -- Texas plaintiffs' lawyer James "Wes" Christian, the legal mind behind the rash of claims alleging naked short-selling in penny stocks, appears to be quite the trader himself. Records obtained by The Post indicate that Christian was a consistent seller of several companies that he is representing in high-profile and bitter legal fights. One of Christian's first clients, Denver-based Nanopierce Technologies, is arguing in Georgia Supreme Court that it had been abusively sold short by a former private equity investor. According to documents obtained by The Post, in May 2001, several months after Nanopierce retained Christian to launch one of the initial lawsuits against naked short-sellers - and after the publicity surrounding the legal battle goosed the stock price - he began unloading blocks of stock. These documents show Christian's family trust sold 129,200 Nanopierce shares at an average price of about 53 cents, netting over $68,500. Christian also sold blocks of stock in clients such as ATSI Technologies and Hyperdynamics, both of Which have filed suits claiming damage they say stems from naked short-selling. SEC filings show Nanopierce has gone for prolonged stretches of time without reporting any revenues; there appears to be no market for its stock. In May, the company sent out a release indicating it was changing its business from semiconductors to biotechnology. The Houston-based lawyer's aspirations to build a groundswell of legitimate businesses hurt by naked short-selling has been slowed by the fact that many of his clients have deep corporate governance or financial woes. In Nanopierce's case, the counter-claim accused the company of giving away hundreds of thousands of shares to people who helped prop up its stock price by purchasing stock in the open market. Also, the company's founder and chief executive, Paul Metzinger, was nailed by the SEC in the 1980s for selling unregistered securities and making material misstatements. Christian told The Post that he owned these shares as partial payment for his anti-naked short-selling work and that the sales were perfectly legal and helped defray considerable expenses he and his team incurred. He said that most of his work - and potential payment, should he win - remains on contingency. Christian's team - backed by fellow Houston tobacco litigation legend John O'Quinn - has consistently been forced to appeal unfavorable verdicts.

To: Patchie who wrote (94941)	8/19/2006 1:02:47 PM
From: Jeffrey S. Mitchell	Read Replies (1) \| Respond to of 122087

I popped the balloon popped on Global Links long ago on Mark Cuban's blog. You keep conveniently ignoring the amended stock incentive plan that was purposefully immune to the reverse split: 27. Posted Mar 12, 2005, 12:10 AM ET by Jeff Mitchell According to paragraph 4.1.1 of Global Link's "Amended Employee Stock Incentive Plan for the Year 2004 No. 3": ...the number and class of shares subject to each outstanding Award, shall not be proportionately adjusted in the event of any increase or decrease in the number of the issued shares of the Common Stock which results from a split-up or consolidation of shares..." sec.gov In other words, any stock issued to anyone under this plan would not be subject to the 1 for 350 reverse split. On January 3, Global Link registered 600M shares under this plan-- which included non emloyees and consultants. I read some speculation that this might have been cancelled, but even so, hundreds of millions of shares were issued pursuant to it starting back on 7/28/04. And you wonder where the volume might have been coming from? In addition, the supposed innocent investor who claimed to have purchased 100% of the stock, Richard C. Simpson, is in reality the CEO of ZANN Corporation (ZANC), another penny stock which itself just effected a 1 for 350 reverse split. ===== Posted Mar 13, 2005, 10:46 AM ET by Jeff Mitchell The question at issue here is "Naked Shorting - Is a politician being used?" I pointed out that Global Link's S-8s register hundreds of millions of shares not subject to adjustment from forward or reverse splits. Unless you can somehow explain away what happened to these shares, the only conclusion to draw is that whoever did prime Senator Bennett with this alleged naked shorting smoking gun either was supremely stupid or a bald-faced liar. Let's also not forget that, S-8 shares aside, all this fuss is over a company where the alleged sole owner paid a whopping $5,205 for the honor. Just the type of company we need to hound our Senators to protect -- at taxpayer expense -- from those pesky naked shorts! ===== Big Gap Between Hype And Reality While a number of companies have over the years alleged that their stocks have improperly been driven down by abusive short selling, the newly released data tell another story. ... Same goes for GLOBAL Links Corp. (GLLC), a development stage company that attracted much attention last year when it was used as an example of illegal short selling by U.S. Senator Robert Bennett. R-Utah, during a Senate hearing on a new SEC short selling rule dubbed REG SHO. According to data collected by NASD, there were 6,851 shares of GLOBAL Links sold short as of July 25, less than 1% of GLOBAL Links' 15 million common shares outstanding. It would take less than one day to cover these short positions. Nobody answered the telephone at the number listed on GLOBAL Links' last quarterly report filed with the SEC. An email inquiring about the short selling data released by NASD was not immediately answered by the Las Vegas company. Message 22678997