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

To: makeuwonder who wrote (3726)	8/23/2008 12:22:37 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 5034

The company at one point was demanding people get their certificates. Then I believe it was the SEC stepped in and somehow it was stopped. I was joking around with this guy and said yeah you just think your shares are safe in your IRA but it wouldn't surprise me if they weren't using the shares in your fund. Makes sense. When brokers use your stock certificates as collateral for their "fractional lending" system, it blurs the line between what constitutes a broker and a bank. In such a system, shareholders demanding their physical stock certificates is no different than withdrawing your cash from the bank. It's a bank run.. And yes.. the SEC would probably act to prevent this. On one hand, I can understand this. But on the other, when NSS has been abused to such an extent that, as in the case of Global Links, when all the stock has been withdrawn from the market (some guy bought out all the outstanding stock) and it still trades millions of shares the day afterward, that's a clear sign that counterfeiting of shares has been perpetrated by the broker/dealers making the trades and a fraud committed against anyone they sell those fake shares to. Hawk