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

To: basserdan who wrote (4587)	8/9/2009 10:47:04 AM
From: robert b furman	Read Replies (1) \| Respond to of 5034

Thnak you for that excellent post. I can only add one thing - AMEN !! Bob

To: basserdan who wrote (4587)	8/12/2009 8:12:39 AM
From: rrufff	Respond to of 5034

The self-styled "cyber sleupps" are so often vehemently critical of the names referenced in your cited article. These hypocrites post even the tiniest reference to possible penny stock machinations, often as an attempt to eliminate market reform when it comes to manipulative shorting. (These are the "our scam is ok because it prevents other scams" posters, hiding behind the do-gooder pretense.) Ironically they miss or gloss over the activities of hedge funds, big money pools, MM's and others who so need the status quo to included manipulative shorting, fails to deliver, easy exceptions for abusive MM's, etc. Here's an interesting piece on what happens when big money is permitted to run wild: nydailynews.com Hedge funders' suit claims money went to porn investment, swingers' resort BY Jose Martinez DAILY NEWS STAFF WRITER Wednesday, August 12th 2009, 4:00 AM Getty A swingers' resort was one of the investments, a suit claims Milton (Todd) Ault 3rd invested their money in. A California moneyman with X-rated interests is being sued by several hedge funds who accuse him of shoveling their millions into porn and a planned Catskills swingers ranch. Milton (Todd) Ault 3rd is charged with stiffing a dozen hedge funds on a $4.2 million investment with his firm Zealous Inc. The Manhattan Supreme Court suit says the money was supposed to be steered to an "integrated global community of trading partners." "The financing was a scam," the suit says. "He intended to, and did, use plaintiffs' money to fund [his] lifestyle, which included the development of a 'swingers ranch' in the Catskills and other pornographic-related endeavors." Ault, whose online bio boasts that he has traded stocks since he was 11, has dabbled in adult entertainment, and his company co-produced a porn flick based on Sarah Palin. He declared the suit "worthless" and said any talk of a swinger hideaway in New Lebanon, N.Y., was a "joke." "We were subdividing it into eight lots," Ault said. "There was never going to be a swingers club." Ault, who worked at Dean Witter Reynolds and Prudential Securities before starting Zealous, said the money was always earmarked for the creation of a platform for the trading of securities. "These hedge funds didn't do their homework when they made their investment," said Ault, adding that the funds have already recouped a chunk of the money. He said the 130-acre plot of land on Wadsworth Road was purchased long before the hedge funds invested in his company. Last September, Ault merged Zealous into Adult Entertainment Capital Inc., a publicly traded firm that issued a press release about plans for a 140-acre East Coast project for the "fast-growing swingers lifestyle." Ault insisted yesterday a swingers ranch was never seriously planned for woodsy Columbia County. "That was simply a joke," he said. A lawyer for the hedge funds did not return calls. jmartinez@edit..nydailynews.com

To: basserdan who wrote (4587)	8/19/2009 8:05:31 AM
From: rrufff	3 Recommendations Read Replies (1) \| Respond to of 5034

From BCIT board on RB posted by Alan C The tide is indeed turning, check this out: Score One For The Good Guys: The Rise of DeepCapture.com August 6th, 2009 Posted in News For those of you out of the loop, www.deepcapture.com, winner of the 2008 weblogs award for best business blog, has at long last made headway in its relentless and noble crusade against naked short seller abusers. The blog sums up its recent accomplishments as follows: The SEC recently enacted permanent restrictions on illegal naked short selling, which include greatly enhanced disclosure of delivery failures and shorting activity. Today, the SEC brought its first enforcement cases against illegal naked short selling. Also today, FINRA expelled a member firm for engaging in illegal short selling. Unfortunately, as the blog explains, the battle against corruption, manipulation and fraud in the financial markets is far from over: Yes, the pendulum is now unambiguously swinging in our direction, but the job is not done. Indeed, we can only be assured of progress to the extent that we each recognize our responsibility to continue pushing. — The story of DeepCapture.com is quite unlike any other business blog (at least that I know of). After publishing remarkable, stunning and factually-supported investigative research covering the inner-workings and dealings of a vast network of political and financial ‘miscreants,’ the blog and its (non- ) authors have been the target of journalistic attacks, unwarranted legal action, public mockery and even physical violence and threats. The blog implicates Michael Milken, Eliot Spitzer, Jim Cramer, Steven Cohen, Gary Weiss, James Chanos and literally hundreds of others in wide-ranging efforts to manipulate everything from stocks to public perception (notably through the tampering of Wikipedia pages). Virtually every allegation is backed by well-sourced facts and findings, and when clearcut evidence is lacking, correlationary and circumstantial evidence is provided extensively. Recently, the blog has unleashed a 15-part case study of heavily shorted firm Dendreon Corp, known for its prostrate cancer treatment drug Provenge, which details the immense financial struggle this David has had to overcome in the midst of the most ruthless hedge fund Goliaths. Indeed, the blog alleges that this very struggle has indirectly caused the hastening of over 60,000 deaths of men with prostrate cancer. Further, Zero Hedge readers may be interested in gleaning the full extent to which media outlets such as cnbc as well as institutions such as the FDA have been infiltrated by sleazeballs allied with manipulative and fraudulent hedge funds. Hence the phrase ‘Deep Capture,’ which has come to define those in the media / political / legislative realms who have become ‘captured’ by dangerous financial forces and have actively worked to blur the lines between reality and fiction. Perhaps the most frightening of the blog’s contentions is that the mafia has come to play quite a significant role in the financial dealings of hedge funds. To prove this case, perpetrators of various well-documented cases of mafia violence are systematically linked to hedge fund operators and/or cronies. But don’t take my word for it — check out the blog yourself right now: www.deepcapture.com. Unless, of course, you’d rather just opt for the blue pill.