Post by imSINGLEruRICH on Nov 6, 2007 0:48:10 GMT -5
Take with a grain of salt...as always....
smegadild
DIAMOND JEDI MASTER
A couple of interesting posts by a known Basher.
« Thread Started on Today at 12:09am »
: september_rain
04 Nov 2007, 12:29 PM EST
Msg. 620716 of 621428
(This msg. is a reply to 384463 by greedy_malone.)
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By: greedy_malone
25 Sep 2006, 11:10 AM EDT
Msg. 384463 of 620715
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I don't have all the answers
But in case you guys didn't know, naked shorting a stock does not pay. A FTD is a terminal hang. You can't collect on it. There are big companies and powerful people out there who pay for the service of the naked shorts to destroy competitors or to gain control of them for the lowest possible price.
And we are not allowed to trade in the stocks we are working. Our brokerage accounts are monitored through the network. I guess somebody could go outside fo that and try to conceala brokerage account but then that would mean we don't have faith in ourselves. The shorts never lose why bet against them? Well up to now it's been that way.
The current CMKX situation has gone well beyond any former fight I've seen.
By: september_rain
04 Nov 2007, 12:30 PM EST
Msg. 620717 of 621428
(This msg. is a reply to 384449 by greedy_malone.)
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classic post By: greedy_malone
25 Sep 2006, 10:59 AM EDT
Msg. 384449 of 620716
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From what we were told
There was a company very interested in CMKX who wanted to pick up the claims for next to nothing. The short side of CMKX was ruthless. But what they never counted on was Urban continuing to run the A/S and O/S to unheard of heights. He was a prison guard for God's sake. What normally happens is the company slowly bleeds itself to death after a reverse split or two. But Urban kept the market cap of CMKX extremely high by continuing to put new shares in the market and refusing to reverse split. This caused a serious dilema for the shorts who found themselves shorting and shorting but even at .0001, the 703 billion accounted for a $70 million value for CMKX and the claims that the clients of the shorts wanted for much, much less.
That's where the struggle for power got out of control on both sides of the stock between the shorts, their clients and the company.
- - - - -
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1194325761
smegadild
DIAMOND JEDI MASTER
A couple of interesting posts by a known Basher.
« Thread Started on Today at 12:09am »
: september_rain
04 Nov 2007, 12:29 PM EST
Msg. 620716 of 621428
(This msg. is a reply to 384463 by greedy_malone.)
Jump to msg. #
By: greedy_malone
25 Sep 2006, 11:10 AM EDT
Msg. 384463 of 620715
Jump to msg. #
I don't have all the answers
But in case you guys didn't know, naked shorting a stock does not pay. A FTD is a terminal hang. You can't collect on it. There are big companies and powerful people out there who pay for the service of the naked shorts to destroy competitors or to gain control of them for the lowest possible price.
And we are not allowed to trade in the stocks we are working. Our brokerage accounts are monitored through the network. I guess somebody could go outside fo that and try to conceala brokerage account but then that would mean we don't have faith in ourselves. The shorts never lose why bet against them? Well up to now it's been that way.
The current CMKX situation has gone well beyond any former fight I've seen.
By: september_rain
04 Nov 2007, 12:30 PM EST
Msg. 620717 of 621428
(This msg. is a reply to 384449 by greedy_malone.)
Jump to msg. #
classic post By: greedy_malone
25 Sep 2006, 10:59 AM EDT
Msg. 384449 of 620716
Jump to msg. #
From what we were told
There was a company very interested in CMKX who wanted to pick up the claims for next to nothing. The short side of CMKX was ruthless. But what they never counted on was Urban continuing to run the A/S and O/S to unheard of heights. He was a prison guard for God's sake. What normally happens is the company slowly bleeds itself to death after a reverse split or two. But Urban kept the market cap of CMKX extremely high by continuing to put new shares in the market and refusing to reverse split. This caused a serious dilema for the shorts who found themselves shorting and shorting but even at .0001, the 703 billion accounted for a $70 million value for CMKX and the claims that the clients of the shorts wanted for much, much less.
That's where the struggle for power got out of control on both sides of the stock between the shorts, their clients and the company.
- - - - -
millionaires.proboards86.com/index.cgi?board=main&action=display&thread=1194325761