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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 (4116)	12/24/2008 10:35:23 AM
From: scaram(o)uche	2 Recommendations Respond to of 5034

Cox, the man who brought us "grandfathering" to protect those who trade using counterfeit shares. We often bemoaned the fact that SEC was slow to write rules which were flimsy in their own right, and then took eons to bounce the rule revisions off of the cheaters for review and comment. So who was there to file a formal objection, when "grandfather" was meant to go away? Madoff. Chris Cox failed to develop the SIMPLE diagnostics that ANYONE, at SEC or sitting in a home office, could use to detect the cheats. That's the simple fact.

To: rrufff who wrote (4116)	12/24/2008 10:59:45 AM
From: dvdw©	3 Recommendations Read Replies (2) \| Respond to of 5034

Indeed. Wasnt it last july when i stated we should give this guy the benefit of the doubt? We could collectively take that piece apart one bit at a time and demonstrate its false arguments as nothing but rationalizations....too easy. Like all things, i found the article most troubling because of its omissions. Truth is. The SEC sets the rules, and is part of its DNA to know its first principles best. If it cant keep a relative constant accounting as promised by a prospectus.....what can it do? The first principle is that the laws governing stock issuance are the laws which guide everything that comes after. That places the market in the hands of Supply and Demand where actual buyers and sellers conduct business between themselves at prices that are not contrived/derived to favor systemic largesse.....which is the bottom line story of todays trade. All floats are relative constants.....today we have more trading against the lowest market float available, than at any time in a decade. How is that? For some reason, the system Cant put a computer system on line that does simple math against a know constant for each public entity? lol The counterfeiting of shares to favor systemic intent....pure and simple, governs daily operations. The World investor community is being hosed day in and day out by a system aligned to its own purposes. Its a Bought and paid for........scheme, which subverts everyone in its path to its private intent. When you read these kind of articles in succession, we all must remember thier limited context; because its always the missing information that bites....and in the case of SEC and wall street, they are simpatico partners facilitating not free and fair markets, but contrivances, operating within privately designed constraints.