Post by imSINGLEruRICH on Jun 15, 2008 12:44:10 GMT -5
silverbulletgirl
DIAMOND JEDI WARLORD
Re: The Naked Truth ~ Excerpts from the Book
« Reply #50 Today at 9:43am »
Interesting post from 2 years ago,
By: dorealicious
13 Apr 2006, 12:36 AM EDT
Msg. 196726 of 732308
Jump to msg. #
THE TIDBITS HEARD ROUND THE WORLD
Everything is crystallizing. Suddenly after years of the media, bashers and yes, even the SEC, telling us that naked shorting is just a bunch of whiny, disgruntled shareholders in bad stocks, everything is unraveling for the enemy. Did wee little CMKX cause this? It's hard to say exactly. But the timing is almost impossibly coincdental. Look at these facts:
- April 14, DTC says to brokers "it's on you" for cmkx certs
-This happens only one month before the final cmkx extension expires
-The TF counter grinds to a halt
-David Rocker (the accused in the overstock case) "retires" from his hedge fund
-All the hedge funds suddenly point fingers at the brokers (this one has me rolling in the aisles)
-In the 9 months prior, there were significant resignations from the SEC
-Etrade hand delivers, yes hand delivers, certs to the TF just weeks ago
-New resolutions begin popping up regarding short reporting for otc stocks
-All this time, Urban has not been arrested or any criminal action taken against him
-And all this, just to issue a very simple stock dividend?
Sorry but I am nearly convinced that cmkx is the first domino to set the entire chain in motion. Here is what I can see happening and how it all may work out. We get some sort of settlement which will be characterized as a "buyout" of certain claims. Suddenly valuation comes to light given what these assets are purchased for. But nowhere is a settlement mentioned.
In the mean time, the hedge funds sue the brokers. Which I find hysterical beyond measure. After years of shorting otc stocks into the dirt, they turn around and say "we weren't as profitable doing this as we could have been. you stuck it to us." LMFAO Anyway, they sue the brokers to take the spotlight off them. The brokers in turn countersue the hedge funds claiming the brokers had no knowledge of what their clients were doing. The SEC now has to step in and "mediate" this massive spat which becomes a scandal. Resignations occur at various brokerage firms. Resignations (like Rocker) occur at various hedge funds. The SEC mediates and at the end of the day, all parties come to an agreement that certain procedures caused this situation to develop that were out of the control of both parties. The SEC swoops in to save the day with new legislation designed to "make sure this never happens again." The brokers and hedge funds "settle" by dropping their suits against each other. The SEC looks like a hero for its new legislation with teeth, and naked shorting is in fact resolved becausae the DTC and SEC realize they can never let something like this happen again.
The financial markets are protected from unraveling and the scandal, while making some noise, eventually dies down just as the banking and loan scandal has died down from years ago.
In the mean time, cmkx shareholders enjoy their buyout and possibly a CIM IPO of a multitude of connected companies that all join into the pot as part of the IPO. Those shareholders with original CIM shares are rewarded for the length of their loyalty. Newer cmkx shareholders get a chance to buy in on the CIM IPO.
Yes it's a very optimistic view but wow. Look at the tidbits that have dropped this week (and I hate to say this but) as Jay said. The letter from the DTC is unreal. The lawsuit from the hedge funds is unreal. It is definitely unraveling. And the 14th is definitely the last DTC day. And the 15th Urban's shares definitely unlock. And sometime after that I have a feeling that we will finally get some answers. Not everything. But something that I think will help us understand all that we have been through.
I have always been a believer in Bob Maheu and it definitely seems like all signs are pointing to a stealth operation that has been performed here to clean up the markets, close the loophole that has allowed trillions to be siphoned out of the markets to offshore enemies, and reward cmkx shareholders for all their patience. If I'm right on this we will have been a part of the greatest story in the stock market ever (although all the details may never come to light).
Just my two cents. And I hope it's worth a lot more than that. LOL
DIAMOND JEDI WARLORD
Re: The Naked Truth ~ Excerpts from the Book
« Reply #50 Today at 9:43am »
Interesting post from 2 years ago,
By: dorealicious
13 Apr 2006, 12:36 AM EDT
Msg. 196726 of 732308
Jump to msg. #
THE TIDBITS HEARD ROUND THE WORLD
Everything is crystallizing. Suddenly after years of the media, bashers and yes, even the SEC, telling us that naked shorting is just a bunch of whiny, disgruntled shareholders in bad stocks, everything is unraveling for the enemy. Did wee little CMKX cause this? It's hard to say exactly. But the timing is almost impossibly coincdental. Look at these facts:
- April 14, DTC says to brokers "it's on you" for cmkx certs
-This happens only one month before the final cmkx extension expires
-The TF counter grinds to a halt
-David Rocker (the accused in the overstock case) "retires" from his hedge fund
-All the hedge funds suddenly point fingers at the brokers (this one has me rolling in the aisles)
-In the 9 months prior, there were significant resignations from the SEC
-Etrade hand delivers, yes hand delivers, certs to the TF just weeks ago
-New resolutions begin popping up regarding short reporting for otc stocks
-All this time, Urban has not been arrested or any criminal action taken against him
-And all this, just to issue a very simple stock dividend?
Sorry but I am nearly convinced that cmkx is the first domino to set the entire chain in motion. Here is what I can see happening and how it all may work out. We get some sort of settlement which will be characterized as a "buyout" of certain claims. Suddenly valuation comes to light given what these assets are purchased for. But nowhere is a settlement mentioned.
In the mean time, the hedge funds sue the brokers. Which I find hysterical beyond measure. After years of shorting otc stocks into the dirt, they turn around and say "we weren't as profitable doing this as we could have been. you stuck it to us." LMFAO Anyway, they sue the brokers to take the spotlight off them. The brokers in turn countersue the hedge funds claiming the brokers had no knowledge of what their clients were doing. The SEC now has to step in and "mediate" this massive spat which becomes a scandal. Resignations occur at various brokerage firms. Resignations (like Rocker) occur at various hedge funds. The SEC mediates and at the end of the day, all parties come to an agreement that certain procedures caused this situation to develop that were out of the control of both parties. The SEC swoops in to save the day with new legislation designed to "make sure this never happens again." The brokers and hedge funds "settle" by dropping their suits against each other. The SEC looks like a hero for its new legislation with teeth, and naked shorting is in fact resolved becausae the DTC and SEC realize they can never let something like this happen again.
The financial markets are protected from unraveling and the scandal, while making some noise, eventually dies down just as the banking and loan scandal has died down from years ago.
In the mean time, cmkx shareholders enjoy their buyout and possibly a CIM IPO of a multitude of connected companies that all join into the pot as part of the IPO. Those shareholders with original CIM shares are rewarded for the length of their loyalty. Newer cmkx shareholders get a chance to buy in on the CIM IPO.
Yes it's a very optimistic view but wow. Look at the tidbits that have dropped this week (and I hate to say this but) as Jay said. The letter from the DTC is unreal. The lawsuit from the hedge funds is unreal. It is definitely unraveling. And the 14th is definitely the last DTC day. And the 15th Urban's shares definitely unlock. And sometime after that I have a feeling that we will finally get some answers. Not everything. But something that I think will help us understand all that we have been through.
I have always been a believer in Bob Maheu and it definitely seems like all signs are pointing to a stealth operation that has been performed here to clean up the markets, close the loophole that has allowed trillions to be siphoned out of the markets to offshore enemies, and reward cmkx shareholders for all their patience. If I'm right on this we will have been a part of the greatest story in the stock market ever (although all the details may never come to light).
Just my two cents. And I hope it's worth a lot more than that. LOL