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Post by soonerlew on Sept 20, 2008 10:26:58 GMT -5
diamondsrus Deckswabber From Reuters« Thread Started Today at 10:24am » -------------------------------------------------------------------------------- D. Roger Glenn, a partner at law firm Edwards Angell Palmer & Dodge LLP and expert in securities law, said that he also thinks there is little time for short-sellers to mount a court challenge. One scenario to test the legality of the ban would come if traders defy the order, and the SEC seeks to bring an enforcement action against them. Glenn said that a court case could pose interesting legal issues, given that while the SEC has broad powers to govern markets it also has said in the past that short selling is a legitimate trading strategy. "The SEC's real function is to prevent fraud and manipulation in the market," he said, "and there is nothing per se fraudulent or manipulative about short selling." cmkxdiamond.proboards66.com/index.cgi?board=general1&action=display&thread=57615
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Post by soonerlew on Sept 20, 2008 10:38:36 GMT -5
By: mquietstorm3 20 Sep 2008, 10:32 AM EDT Msg. 766945 of 766982 (This msg. is a reply to 766943 by woops2008.) Jump to msg. # woops, be nice! They did not expect the curtain to open up like that! By: woops2008 20 Sep 2008, 10:37 AM EDT Msg. 766948 of 766981 (This msg. is a reply to 766945 by mquietstorm3.) Jump to msg. # mq3 i am trying to prepare them. if they are getting this upset over this small financial wave, what are they going to do when the real change hits? i am worried about the fine 'non-shareholders' on this board. they have worked so hard. i hope they will be ok :-)))
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Post by soonerlew on Sept 20, 2008 10:40:29 GMT -5
By: 1forall 20 Sep 2008, 10:43 AM EDT Msg. 766952 of 766983 (This msg. is a reply to 766932 by woops2008.) Jump to msg. # woops2008 Did they (the SEC) really say bets on the firms? WOW By: woops2008 20 Sep 2008, 10:46 AM EDT Msg. 766954 of 766983 (This msg. is a reply to 766952 by 1forall.) Jump to msg. # 1forall that was a bloom article, not shore if the writer or the sec made that statement. since it was not in quotes, i would have to say the SEC did not 'say' that. By: 1forall 20 Sep 2008, 11:01 AM EDT Msg. 766964 of 766988 (This msg. is a reply to 766954 by woops2008.) Jump to msg. # woops2008 It would be very Interesting to know if they are looking for bets as in derivatives. But that would be PUTS and CALLS would it not? Maybe not? ![???](http://yoursmiles.org/tsmile/forum/t1236.gif) ?? 500 trillion Is that alot? 14all By: woops2008 20 Sep 2008, 11:13 AM EDT Msg. 766970 of 766988 (This msg. is a reply to 766964 by 1forall.) Jump to msg. # 1forall, i am still surprised that folks are getting caught up in the micro picture daily vs viewing the scene from outside the box. the events from 9-11 to the massive derivative buildup, to aipac trial, to iran/iraq, to the cmkx cert pull, to the sec gf clause, to the huge requests for nobo/obo, to the departure of numerous sec/political/government peeps, to yellow cake moves from iraq, to market collapse, to NSS hitting the news, to emergency bans, to hedge fund collapses, to bank collapses, to take overs, to uranium news globally, to the merging of the treasury and federal reserve (ooops, that hasn't been announced yet, please ignore for now), to special weekend trading, to huge pinkie reverse splits/m & a's, etc. maybe this was really about something much bigger. maybe this was about a global monetary shift maybe this was about a global energy shift maybe this was about taking back AMERICA we'll just have to see how it goes ;-))) By: newtopennies 20 Sep 2008, 11:37 AM EDT Msg. 766982 of 766997 (This msg. is a reply to 766970 by woops2008.) Jump to msg. # WOOOPS, Not to dice you, but it does bring up the idea that,"The bigger the lie, the more people believe it!" What we need here is a PAYCHECK. Love your outline of the 'big picture', but what shareholders need are little pictures from issuing banks with their names on it. NO ONE WANTS TO PAY US!!!! If they had wanted to pay us, it would have happened a long time ago. WHOMEVER IS HOLDING THIS UP IS STALLING WHILE BILLING THEIR TIME TO MAKE SURE EVERYTHING IS LINED UP JUST RIGHT. But I see when the politicians WANT TO BAIL A COMPANY OUT, they can do it OVERNIGHT! The only conclusion I can come to is NO ONE WANTS TO PAY US! The reason for the overstock battle and the Al Hodges letter and the Eagletech fight IS TO PUT US FIRST IN LINE if any money does get distributed, IN MY OPINION. Go dude, go! eom By: woops2008 20 Sep 2008, 11:42 AM EDT Msg. 766987 of 767001 (This msg. is a reply to 766982 by newtopennies.) Jump to msg. # NTP, no problem, dice away LOL. keep in mind though the money they are playing with now is tainted, we get the real bucks, thus a monetary shift is warranted. we are watching it now. hang in there.
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Post by soonerlew on Sept 20, 2008 10:41:31 GMT -5
By: mquietstorm3 20 Sep 2008, 10:51 AM EDT Msg. 766956 of 766984 (This msg. is a reply to 766953 by woops2008.) Jump to msg. # woops, one thing I do not do is run in any group or camps. Have you notice that over the years? I will govern my decisions based on a principle format without hesitation: Remember when I said this many times over:
"PRINCIPLES NEVER CHANGE BUT THE EMOTIONS OF MEN DO "
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Post by soonerlew on Sept 20, 2008 10:42:36 GMT -5
By: desperado2100 20 Sep 2008, 11:01 AM EDT Msg. 766962 of 766986 (This msg. is a reply to 766700 by dmgroup.) Jump to msg. # For: TheRealJBond...
I read your (noted) post with great interest... however, I didn't notice any mention on: A) How much of a retainer the law firm would require; B) An estimate of how much (total) such suit(s) "might" cost; C) Who is going to pay the initial costs of the investigatory stage, to get answers to A & B above? Also, is this lawsuit "projected" to be a cost paid (hourly) suit... or would they expect to "SHARE" some percentage of anything RECOVERED (if successful)? Obviously, if YOU are intending to "cover" all initial costs privately / personally, it "should" be so stated... and accordingly, these questions become invalid until such time as you "seek" financial assistance from other SH's. However, if you are assuming that your intention is to start and steer this "train", with anticipated support and financing from the SH base... I strongly suggest you seek / receive support (and $$$ commitment of each) before proceeding. Speaking for myself, I want it abundantly clear (in advance) that you do NOT have MY permission to indicate (to the law firm) that the probability of them acting on MY behalf (at this juncture) is likely.
Respectfully,
Des'
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Post by soonerlew on Sept 20, 2008 10:47:34 GMT -5
By: mquietstorm3 20 Sep 2008, 11:11 AM EDT Msg. 766968 of 766988 Jump to msg. # Bob Maheu, told Howard Hughes that you should never pay a Black mailer. I wonder if that holds true in this case and brings us to where we are today but on a much larger scale than any of us could phathom? How come they just did not just get rid of this and be done with it many moons ago?
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Post by soonerlew on Sept 20, 2008 10:50:27 GMT -5
By: mquietstorm3 20 Sep 2008, 11:20 AM EDT Msg. 766973 of 766989 Jump to msg. # All the way to the FEDERAL COURTS if needed. When it get to that level folks it is normally lights out. When the Fed gets involve thay have a 98% conviction rate. Is it possible that in our market with out the Banks collapsing and other unusual circumstances that Bob words are beginning to hold true?
Nothing is worst than having the people of the United States to find out that they have been fleeced by the highest position in the land. Anytime you cancel a meeting of importance during an election run to take care of a matter that has gotten out of control, you got a problem.
Stimulus packages only bought time that would eventually bring open the inevitable. You never try to put a band aid over a bullet whole to try and stop the bleeding.
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Post by soonerlew on Sept 20, 2008 10:51:21 GMT -5
By: newtopennies 20 Sep 2008, 11:25 AM EDT Msg. 766975 of 766993 Jump to msg. # SUPER IMPRESSED WITH THE D.C. SLEAZE! Let's see, the Treasury/Federal reserve just dug up 500 BILLION DOLLARS in about 24 hours to bail out their buddies on Wall St., while 40,000 regular folk wait for damage restitution for SEVEN YEARS while the attorneys and shareholders jump through a series of hoops to make everything 'legal'. I am postulating that we will still see a fair distribution of 'other assets'. Yep, we have pull alright, SEVEN YEARS versus 24 HOURS! Wow, I'm sure impressed with the power we have to get things done. Is it any wonder shareholders are inquiring about lawsuits? HUH? HUH? HUH? Go get 'em Mr Faulk!!!!!! eom.
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Post by soonerlew on Sept 20, 2008 10:54:12 GMT -5
By: dare_it_is 20 Sep 2008, 11:40 AM EDT Msg. 766984 of 766998 (This msg. is a reply to 766982 by newtopennies.) Jump to msg. # new, IMO. we will never get what is truley owed - its 2 much
By: dare_it_is 20 Sep 2008, 11:40 AM EDT Msg. 766985 of 767000 Jump to msg. # but im not greedy - $1.54 PPS works for me
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Post by soonerlew on Sept 20, 2008 10:55:42 GMT -5
By: mquietstorm3 20 Sep 2008, 11:42 AM EDT Msg. 766986 of 767000 Jump to msg. # I have nevered wavered my stance on CMKX and nor have I wavered on my stance on the occurences of 911. That event hid a lot of things that we are seeing now. It is unfortunate that innocent lives were lost in the process. It was more than some planes just crashing in to a building. A lot of shredding of papers were occuring during that time. Enron went belly up. Whistle blowers from Enron were disappearing. Aurhur Anderson one of the worlds largest accounting firms was put on notice and then all of a sudden was gone. Who were they an accountant firm for? Who all had ties to Enron. Ken Lay all of a sudden died as far as we know. Have you notice that no kind of attachment by reporters to catch up with his wife has hit any tabloids or some popparozzi reporters are following her every move? Yes some sort of restitution was just made. But what did it actually do for the people who became victims of a system that closed its eyes. "WAR IS BIGTIME BUSINESS AND NOTHING MORE". What happen to Jake Plummer the former Denver Broncos quarterback when he spoke out against the government in their lying of how Pat Tilley actually died when they were ready to annoint him with a meadow of honor, only to find out he got killed by one of his own comrads. We are not going to even talk about those boys who got out of the country who owned oil when 911 happen. You know the story.
Now we sit here in astonishment with the happening in the market and try to pawn it off as something else because one has loyalty versus the reality. Even an associate has turn and got on the " WE NEED CHANGE PLAN". Why would you need change if you already like what you have been seeing and being a part of? What is the logic in that with out answering it from an emotional state of mind?
"ONE MOMENT IN TIME" is now!
If the evidence does not warrant such then always remember this:
"INSANITY HAS BEEN DESCRIBE AS DOING THE SAME THING AND EXPECTING TO GET A DIFFERENT RESULT"
I sincerely hope that the old guard or new guard really want CHANGE versus just votes.
Its hard to teach an old dog new tricks.
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Post by soonerlew on Sept 20, 2008 10:58:10 GMT -5
By: dare_it_is 20 Sep 2008, 11:50 AM EDT Msg. 766992 of 767001 Jump to msg. # and yes this is big - that explains non shareholders posting 7 days a week for 4 years
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Post by soonerlew on Sept 20, 2008 10:58:53 GMT -5
By: leowanta 20 Sep 2008, 11:52 AM EDT Msg. 766998 of 767001 (This msg. is a reply to 766962 by desperado2100.) Jump to msg. # For the RealJamesBond
No lawsuit will get this paid. The lawsuit will run into a train wreck real quick because the DTCC will not give up their records...you cannot prove anything and any foia you file will not get you transparency....
only the SEC can force the DTCC to give them their records, you have to know that has occurred. The SEC holds the big stick right now, we will get paid....the SEC is between a hard spot and a rock right now...every day they allow naked shorting in the market is gonna cost them boocoups of money....the need to get us paid and they know it...
just set tight...let's see what happens monday. T+3-SETTLEMENT>>> SEC ORDERED IT
leowanta
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Post by blu1236 on Sept 20, 2008 11:10:51 GMT -5
We are in the period of discovery. Lehmen Bros. BK means Government step in and will discover NSS positions. Next?
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Post by soonerlew on Sept 20, 2008 11:14:41 GMT -5
hope111 DIAMOND DIGGER Re: It ends with Citi... « Reply #7 Today at 10:51am » -------------------------------------------------------------------------------- Crazy thought... What if the word "it ends with CITI..." was only part of the intent of his comment. Then the words following CITI could change the meaning entirely. Ex: It ends with Citi... holding the bag. It ends with Citi... as the last bank standing. It ends with Citi... as the consolidated Nationalized Bank. It ends with Citi... goes under. It ends with Citi... spinning off their unsecured debt to the government. It ends with Citi... taking the wrap for all the unscrupulous activity for all guilty parties; the fall guy. So what is it? Very open ended to say the least. millionaires.proboards86.com/index.cgi?board=main&action=display&thread=22199
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Post by soonerlew on Sept 20, 2008 12:08:05 GMT -5
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