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.

Politics : RAMTRONIAN's Cache Inn -- Ignore unavailable to you. Want to Upgrade?

To: NightOwl who wrote (13019)	3/23/2007 6:26:35 PM
From: makeuwonder	Respond to of 14464

OT: I'm with you on not giving to hoots about what they say the numbers are. They are fighting tooth and nail not to have to disclose the numbers for years. Every thing Night Owl says is true and can be backed up reading links on naked shorting. Just google it. You'll find tons of eye opening stuff. There's a stock PAYD. They tried to get everyone to get their certificates. They said if you don't hold your paper certificates then your not a stock holder. You were instructed to call the DTC and make sure your stock is listed in your name. It became a problem. They didn't have the shares. The SEC actually helped them on this and started putting pressure on the little company. It's now recommended that you have your paper certificates but I think you can hold them in your brokers name too. They found out the brokers were even taking shares from people's IRA accounts to cover. This accidently was discovered when I got online joking with these guys who treat me like the old farts used to when I first started posting and I said to them. Wouldn't it be funny if you found out they were actually using your shares you have in your IRA. They were bragging how their investment was so protected. He held a substantial number of shares he purchased at pennies. Maybe even sub penny. So he decided to check it out just in case. It took him months to get his shares. I am not certain he has them yet. Their jaws dropped I'm sure of it. They have a clause on the SEC page that says they don't have to disclose the figure because it would cause an unfair advantage with regards to trading. It looks funny to see they actually wrote it. I couldn't believe it the first time I read it. Read up on Patrick Bryne. He's the man who is really fighting hard for us. He's a wealthy man and it's said friends with Warren Buffett. He was saying Warren used to visit them as he was growing up. He founded Overstock.com. He's got a lot of information and is in the process of some intense legal battles. Hope he wins. The market might not trade as high but it needs to trade on the value of a company. The value should reflect the price of the stock. Not print all you can because they don't have shares. Your supposed to increase the price and by doing this increases the chances someone will sell out for it. If not then I guess you increase the price a little more. They use shorting to control the market. Naked shorting is not legal. They are able to do it in a rare instance that no one will sell and the market just won't get going. A jump start. But then they are supposed to get that turned around in a hurry and get things back to normal. Trust?? No way. I hope the IRS helps us get the numbers we need. Wonder what it will be like in their office when t he IRS says they want to audit them and where's the revenue they made off naked shorting. LOL!!!