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Non-Tech : Shearson Financial Networks Inc. -- Ignore unavailable to you. Want to Upgrade?


To: otherbrotherdaryl who wrote (139)7/20/2007 9:19:32 AM
From: otherbrotherdaryl  Respond to of 314
 
btw..... that should be nearly 10% a month, not 1% eom



To: otherbrotherdaryl who wrote (139)7/20/2007 10:13:12 AM
From: TheAccountant.  Read Replies (1) | Respond to of 314
 
Thanks otherbrotherdaryl for you input- - -A QUESTION?

Your last paragraph states

"One IHub poster who has a fine reputation and called a liar there (like me) estimated the end result as selling the company by more than three times its worth. How can that be? By selling stock that does not exist. Get the idea?"

My question: So you believe that SFNN will eventually be bought out for about 3 times it's value?

If so, what impact would that eventually have on sfnn investor's in the long run?

I do know if market makers wanted to naked short 3 million shares - - they can easily create counterfeit shares recording an IOU's in the system and thus creating a failure to deliver - - however if the buyer only bought 250,000 shares, the broker can still pull off 3 million shares being sold- -by just borrowing 1 legit sfnn stock from the DTCC (depository trading clearing house)and flip that same 1 stock over 2.99 million times showing up on the system as 3 million shares being sold- - -thus creating 2.99 million counterfeit shares.

that's the only way counterfeit shares can be created- - - through a crooked broker using the depository trading clearing house.

PLEASE EXPLAIN WHY YOU BELIEVE A REGULAR INVESTOR LIKE AJW AND LA JOLLA CAN CREATE COUNTERFEIT SHARES ALL BY THEMSELVES?

ALSO WHAT DO YOU FEEL ARE THE CHANCES IN SFNN EVENTUALLY FILING FOR A CHAPTER 7 AND WHAT IMPACT WOULD THAT HAVE ON SFNN INVESTORS?

AGAIN, THANKS FOR YOUR INPUT OTHERBROTHERDARYL