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Post by soonerlew on Aug 11, 2008 4:45:55 GMT -5
By: snoopstock613 10 Aug 2008, 08:45 PM EDT Msg. 750104 of 750133 Jump to msg. # Rosen, if the SEC ALLOWS them to trade again, the bad part is for the shareholders. The good news would be for shorty. The company would have to R/S the share count. The price would increase. The shorters would be all over this stock again. CIRCLES WILL CONTINUE. Then the original longs would still be holders AGAIN.
THE SEC GOVERNMENT MUST MAKE SHORTERS COVER. NOT ONLY THAT, BUT TO FIND SHARES THEY CAN SHORT. ALSO, IF THE SHARES ARE IN A TRUST ACCOUNT OR COMPANY, THEY CAN ONLY SHORT IT ONCE.
By: rosencrantz2010 10 Aug 2008, 10:36 PM EDT Msg. 750114 of 750133 (This msg. is a reply to 750104 by snoopstock613.) Jump to msg. # snoop, about two years ago bill frizzell clearly stated he had talked to several important people and that cmkx would trade again. he was confident of it and he felt good about the stock and our situation.
more recently, kevin stated cmkx would trade again.
we have money coming from edwards and we have claims awaiting us with our old jvs.
now we just need that new CEO and our financials (which shouldn't be too hard) and we will be ready to rock and roll.
oh baby!
and there won't be a reverse split since the stock will first fix that portion of the naked short that needs correcting.
maybe once urban fails to show by the 18th the judge will hand down a summary judgement of X dollars to cmkm diamonds, a new CEO will be named to head cmkx and we'll have news of other things getting fixed in time for the september 15th tri-meeting in saskatoon with our old joint venture partners star, united and shane.
and then maybe we'll see a marriage announced involving everyone in the falc?
now that could hurt anyone short cmkx.
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Post by soonerlew on Aug 11, 2008 4:46:45 GMT -5
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Post by soonerlew on Aug 11, 2008 4:47:32 GMT -5
By: elvis-is-here 11 Aug 2008, 02:13 AM EDT Msg. 750133 of 750133 Jump to msg. # ‘Naked’ short-selling rule set to expire
By Joanna Chung in New York
Published: August 10 2008 18:34 | Last updated: August 10 2008 18:34
An emergency measure protecting a select group of financial stocks from abusive short-selling expires on Tuesday, probably leaving at least a two-month gap before a similar rule, currently being considered, is imposed.
The US Securities and Exchange Commission has said that it would not extend the rule preventing “naked” short-selling in shares of 19 key financial entities, including mortgage groups Fannie Mae and Freddie Mac, and big Wall Street firms that include investment bank Lehman Brothers. EDITOR’S CHOICE In depth: Short-selling - Jul-17 Lex: Short measures - Jul-27 Short-sellers caught out by higher costs - Jul-16 Lex: Naked shorts - Jul-16 Confusion over UK rules on shorting - Jul-06 ‘No action’ by FSA after abuse probe - Jun-22
Instead, its staff is drawing up new proposals to guard against abusive short-selling in shares across the entire market.
However, it is likely to be a couple of weeks before they are proposed, followed by a public comment period of at least 30 days. Several ideas are being studied, including the requirement that is at the heart of the emergency rule.
Short-sellers aim to profit from share declines, usually by borrowing a stock, selling it and buying it back after its price has decreased. In “naked” short-selling, the shares are sold without being borrowed first. The emergency rule requires investors to borrow the security first and deliver at settlement.
The rule slowed down trading, some market participants said, because most traders had to make pre-borrow arrangements manually for the 19 shares. But any new pre-borrow requirement rule, which would involve collecting public comment, is unlikely to be imposed for at least two months, according to SEC officials.
Other ideas, however, could be adopted earlier – at the time proposals are issued – including a requirement to disclose substantial short positions or to use a price test or some kind of “circuit breaker” to limit short-selling when, for instance, shares fall by a certain percentage.
“Given the great differences between all of the companies across the market, a one-size-fits-all approach is unlikely,” one SEC official said.
Nevertheless, market participants say traders might not engage in “naked” short-selling in the intervening weeks.
“A message has been sent and I don’t think we’ll see a return to that,” said one, while another said the emergency measure gave the market a necessary breather. Others say traders can short-sell legitimately through numerous other methods, including using derivatives.
However, some market participants are uneasy. “We remain concerned that during this interim time period our members will continue to be exposed to these “distort and short” campaigns,” said Sarah Miller, senior vice-president of the American Bankers Association.
Ms Miller wants the SEC either to extend the emergency order and include all banks or to issue a proposal as soon as possible.
She said the growing volume of “failures-to-deliver” are indicative of abusive short-selling, and that a spike in FTDs is invariably accompanied by significant stock drops, not all of which can be attributable to market or bank-specific conditions. “We suspect that the volume of FTDs has only continued to grow, perhaps dramatically,” she said.
SEC officials, who are also working on amending some existing rules governing short-selling, are still studying the impact of the emergency rule.
Copyright The Financial Times Limited 2008
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Post by soonerlew on Aug 11, 2008 4:55:12 GMT -5
seagull Administrator Gossip Queen of CMKX « Thread Started Yesterday at 11:58pm » -------------------------------------------------------------------------------- procmkm / Acca Re: It's Been A Pleasure (Acca related posts) « Result #1 Yesterday at 9:25pm » Make No Mistake. I Will Be Vindicated For Years Of Ridicule!!!! ~Acca tramp2.proboards88.com/index.cgi?board=general&action=display&thread=5811
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Post by soonerlew on Aug 11, 2008 5:09:02 GMT -5
Starlight DIAMOND JEDI WARLORD Re: CURRENT DTCC BOARD MEMBERS INCLUDE...!!! « Reply #16 Today at 1:48am » -------------------------------------------------------------------------------- I just read Seagull's gossip column for today for the 88 board and there was speculation that our money is being held in a trust with Northern Trust Corporation.... all $4.1 Trillion of it...(RICO/$1.00 per share for 4.1 Trillion NSS) NORTHERN TRUST... That name sounded so familiar to me... and then I reread this thread that I just wrote on the Board Members of the DTCC and Lo! and Behold!.... one of the 19 Board Members is: Timothy J. Theriault, President of Corporate & Institutional Services, NORTHERN TRUST CORPORATION.... Is this the same company... Do you guys and gals think he is a MOLE... Just curious... Starlight MoonGoose DIAMOND JEDI Pay It Forward Re: CURRENT DTCC BOARD MEMBERS INCLUDE...!!! « Reply #17 Today at 2:02am » -------------------------------------------------------------------------------- Today at 1:48am, Starlight wrote: Nope, just a member that is connected to a great financial institution. But, methinks....he is connected to the inside scoop of the DTCC. He, and NorthernTrust may have been picked as the outlet for funds. They have ~22% of the Fortune 400 as their clients. Pretty impressive in my view. Just guessing though. Cheers. millionaires.proboards86.com/index.cgi?board=main&action=display&thread=21520
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Post by soonerlew on Aug 11, 2008 5:19:15 GMT -5
sandi66 Global Moderator Executive~Editor & Mining D.D. Specialist Re: procmkm posts - Ongoing « Reply #6 Yesterday at 10:50pm » -------------------------------------------------------------------------------- Re: It's Been A Pleasure (Acca related posts) « Reply #4565 Today at 9:25pm » -------------------------------------------------------------------------------- Today at 8:54pm, funado wrote: Today at 9:24am, diamondbilly wrote:I'll post along side acca thank you. He stops pushing then I'll stop. I do use this type energy for furthering our efforts of exposure. Have for quite some time can you imagin how much they cringe when my email address comes up. lol Its not your age that depics your wisdom its your exposure to the world and involvement in that existance. Put me on ignore if you don't like my posts, its simple to do. If you come to expect this from me than it will be easy to ignore me. I'll express myself when I see fit. I'm here daily many times a day. I'm completely approachable, willing to exchange pm's and would meet with anyone whom wished to put a face to the name. I don't desire to disrupt the board just the effects of those tainted postings . You don't like me calling him a lier 100 times over just as much as I don't like to hear the lies and support for such lies. Fun, go tell advocates for anti drunk driving to stop because you drink and drive or believe its ok until it takes the life of your loved one. Don't you think its in your best interest to place me on ignore. No disrespect intendec. And thank you to those sencere concerns for my stress level, admittingly its way over the top and I'm struggling to control it but with the bs of false hope its hard to keep in check. I'll try not to come back for a day or two. Billy Thanks Billy, for your well thought out reply. I hope you're able to find a balance that allows you to get your message out there while still allowing those who want to continue receiving information from Acca to be able to. You can be sure that there are very few people who are willing to accept everything Acca says as the absolute truth. But that doesn't mean that they don't want to hear what he has to say. That's the difference.I'd encourage you to listen to what he and everyone else has to say, and then decide for yourself what to believe and what not to.That works for me, and I suspect most of the people on the board would agree with it. Anyway, best of luck to you. It sounds like your heart is in the right place. Funado Make No Mistake. I Will Be Vindicated For Years Of Ridicule!!!! ~Acca millionaires.proboards86.com/inde....=19007&page=229ty luckieeguy camrhon.proboards102.com/index.cgi?board=safe&action=display&thread=3857
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Post by soonerlew on Aug 11, 2008 5:21:08 GMT -5
This plus that "grain" of salt is how to view the rumor section IMO......I'd encourage you to listen to what he and everyone else has to say, and then decide for yourself what to believe and what not to.
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Post by imSINGLEruRICH on Aug 11, 2008 6:42:37 GMT -5
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Post by imSINGLEruRICH on Aug 11, 2008 6:43:51 GMT -5
By: rosencrantz2010 11 Aug 2008, 07:15 AM EDT Msg. 750137 of 750142 (This msg. is a reply to 750136 by eaglesrock2008.) Jump to msg. # Many financial firms have joined in calling on the SEC to take more-aggressive action to rein in abuses. The emergency order ought to be made permanent, and it should be extended to all publicly traded companies, said registered representative Keith Stucker, who was one of the commenters.
"Naked short selling has been abusing the markets for a decade," said Mr. Stucker, senior vice president and financial consultant in the Indianapolis office of RBC Wealth Management of Minneapolis. He manages about $100 million.
The proliferation of hedge funds during that time has contributed to the problem, Mr. Stucker said.
"When you couple naked short selling with the repeal of the uptick rule a year ago, it was like giving the keys to the henhouse to all of these hedge funds or sovereign wealth funds that wanted to take advantage of manipulation," he said.
but, but, but,,,, i thought there was no such thing as naked shorting. i guess the kahuna on CNBC isn't all that familiar with the way the market works after all.
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Post by imSINGLEruRICH on Aug 11, 2008 6:46:11 GMT -5
By: rosencrantz2010 11 Aug 2008, 07:29 AM EDT Msg. 750139 of 750142(This msg. is a reply to 750138 by rosencrantz2010.) Jump to msg. # short video by the South Dakota group leading the charge to get a rule opposing naked shorting on that state's ballot. American Entrepreneurs for Securities Re-form www.youtube.com/user/securitiesreform group's web site: www.VoteYes9.com/ South Dakota group NSS ballot initiative: www.VoteYes9.com/By: rosencrantz2010 11 Aug 2008, 07:35 AM EDT Msg. 750141 of 750142Jump to msg. # Cramer's short fiction video: www.cnbc.com/id/15840232?video=794250312&play=1 By: rosencrantz2010 11 Aug 2008, 07:42 AM EDT Msg. 750142 of 750142(This msg. is a reply to 750141 by rosencrantz2010.) Jump to msg. # wow, Cramer's video is good. he does a nice job of placing the blame for the problem where it belongs, at the feet of this administration's SEC. who encouraged the SEC to move in this direction? who was in bed with who to help turn the SEC in favor of the naked short sellers. another scandal waiting to come out in the years ahead and history eventually reveals who was involved in eliminating the uptick rule and turning a blind eye toward naked shorting. the regulation against naked shorting has always been there but the SEC chose not to enforce the regulation. another example of this government's failure to enforce the rules that were on the books. "wez was robbed!"
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Post by ironman on Aug 11, 2008 8:51:03 GMT -5
I'm not sure I understand this post...for what purpose would CMKX do a reverse split if they traded again?? Would they do this to help the shorts cover? If so, why? By: snoopstock613 10 Aug 2008, 08:45 PM EDT Msg. 750104 of 750133 Jump to msg. # Rosen, if the SEC ALLOWS them to trade again, the bad part is for the shareholders. The good news would be for shorty. The company would have to R/S the share count. The price would increase. The shorters would be all over this stock again. CIRCLES WILL CONTINUE. Then the original longs would still be holders AGAIN. THE SEC GOVERNMENT MUST MAKE SHORTERS COVER. NOT ONLY THAT, BUT TO FIND SHARES THEY CAN SHORT. ALSO, IF THE SHARES ARE IN A TRUST ACCOUNT OR COMPANY, THEY CAN ONLY SHORT IT ONCE. By: rosencrantz2010 10 Aug 2008, 10:36 PM EDT Msg. 750114 of 750133 (This msg. is a reply to 750104 by snoopstock613.) Jump to msg. # snoop, about two years ago bill frizzell clearly stated he had talked to several important people and that cmkx would trade again. he was confident of it and he felt good about the stock and our situation. more recently, kevin stated cmkx would trade again. we have money coming from edwards and we have claims awaiting us with our old jvs. now we just need that new CEO and our financials (which shouldn't be too hard) and we will be ready to rock and roll. oh baby! and there won't be a reverse split since the stock will first fix that portion of the naked short that needs correcting. maybe once urban fails to show by the 18th the judge will hand down a summary judgement of X dollars to cmkm diamonds, a new CEO will be named to head cmkx and we'll have news of other things getting fixed in time for the september 15th tri-meeting in saskatoon with our old joint venture partners star, united and shane. and then maybe we'll see a marriage announced involving everyone in the falc? now that could hurt anyone short cmkx.
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Post by ironman on Aug 11, 2008 9:05:27 GMT -5
I wish this were true about Northern Trust holding all of this money for us...however, take a look at their holdings below which they list on their website. If 4.1 trillion is for CMKX, they will be in pretty bad shape afetr it's been distributed: From the Northern Trust Website: Northern Trust is a global leader in delivering innovative investment management, asset and fund administration, fiduciary and banking solutions to corporations, institutions and affluent individuals. For nearly 120 years, we have evolved with the changing needs of our clients and our world. Our consistently strong financial performance, as of June 30, 2008, includes: $75 billion in banking assets $4.0 trillion in assets under custody $751.4 billion in assets under management Starlight DIAMOND JEDI WARLORD Re: CURRENT DTCC BOARD MEMBERS INCLUDE...!!! « Reply #16 Today at 1:48am » -------------------------------------------------------------------------------- I just read Seagull's gossip column for today for the 88 board and there was speculation that our money is being held in a trust with Northern Trust Corporation.... all $4.1 Trillion of it...(RICO/$1.00 per share for 4.1 Trillion NSS) NORTHERN TRUST... That name sounded so familiar to me... and then I reread this thread that I just wrote on the Board Members of the DTCC and Lo! and Behold!.... one of the 19 Board Members is: Timothy J. Theriault, President of Corporate & Institutional Services, NORTHERN TRUST CORPORATION.... Is this the same company... Do you guys and gals think he is a MOLE... Just curious... Starlight MoonGoose DIAMOND JEDI Pay It Forward Re: CURRENT DTCC BOARD MEMBERS INCLUDE...!!! « Reply #17 Today at 2:02am » -------------------------------------------------------------------------------- Today at 1:48am, Starlight wrote: Nope, just a member that is connected to a great financial institution. But, methinks....he is connected to the inside scoop of the DTCC. He, and NorthernTrust may have been picked as the outlet for funds. They have ~22% of the Fortune 400 as their clients. Pretty impressive in my view. Just guessing though. Cheers. millionaires.proboards86.com/index.cgi?board=main&action=display&thread=21520
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Post by snifferpup on Aug 11, 2008 10:42:59 GMT -5
Dear snifferpup,
This message has been sent to inform you that your account has been suspended until ? for violating Raging Bull's Terms ofService:
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Post by hundredtoone on Aug 11, 2008 11:12:17 GMT -5
Congratulations SNIFFERPUP...you have suspended from the PIT...Flying Moose9cmkxunofficial)
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Post by ironman on Aug 11, 2008 11:18:44 GMT -5
What did you do? Dear snifferpup,
This message has been sent to inform you that your account has been suspended until ? for violating Raging Bull's Terms ofService:
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