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Post by soonerlew on Sept 21, 2008 21:03:14 GMT -5
Posted by: pontiyak Date: Sunday, September 21, 2008 7:35:34 PM In reply to: None Post # of 260405 The playing field changes tommorrow..... sec.gov/rules/other/2008/34-58572.pdf yak Posted by: jimmym4 Date: Sunday, September 21, 2008 8:27:54 PM In reply to: pontiyak who wrote msg# 260389 Post # of 260406 Yes Yak..Some are still going out Kicking ans Screaming that what is happening has nothing to do with naked shorting..LOL
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Post by soonerlew on Sept 21, 2008 21:11:33 GMT -5
By: my69z 21 Sep 2008, 09:00 PM EDT Msg. 767489 of 767521 Jump to msg. # SEC Approves Amended Order Requiring Reporting of Short Positions by Certain Investment Managers Author: nopullnoshow SEC provides funds w/two week delay... in reporting the daily short position. SEC Approves Amended Order Requiring Reporting of Short Positions by Certain Investment Managers FOR IMMEDIATE RELEASE 2008-217 Washington, D.C., Sept. 21, 2008 — The U.S. Securities and Exchange Commission today approved amendments to its emergency order of September 18 (Release No. 58591) requiring that certain institutional money managers report their new short sales of certain publicly traded securities. Additional Materials Amended Order Requiring Institutional Money Managers to Report New Short Sales Form SH (revised) Form SH Instructions (revised) In addition to making technical amendments, the revised order also provides that the information disclosed by investment managers on new Form SH will be nonpublic initially, but will be made available to the public via the Commission’s EDGAR website two weeks after it is electronically filed with the Commission. The amended order will take effect at 12:01 a.m. EDT on Monday, Sept. 22, 2008. Under the order, covered institutional money managers will be required to report any new short selling in all equity securities, except options, that are admitted for trading on a national securities exchange or quoted on the automated quotation system of a registered securities association. If any new short sales are effected on September 22 through September 27, the managers are required to submit a report on new Form SH to the Commission on Sept. 29, 2008. These managers are already required to report their long positions in these securities on Form 13F. The Commission may extend the emergency order beyond its current effective period of 10 business days if it deems an extension necessary in the public interest and for the protection of investors, but will not extend the order for more than 30 calendar days in total duration. www.sec.gov/news/press/2008/2008-217.htm
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Post by soonerlew on Sept 21, 2008 21:11:43 GMT -5
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Post by soonerlew on Sept 22, 2008 4:52:48 GMT -5
peterg2000 DIAMOND MINER Re: Tyler... (could it be?) « Reply #17 Yesterday at 7:15pm » -------------------------------------------------------------------------------- IMO Tyler is just playing a role ! If this really was a sting to fix the problem , then you can be dang sure they are NOT going to banqrupt the Financial system ! They'll let the majority get their money back with a small profit , hence a possible initial buyout of .0005 , .001 . The majority will leave with whatever they can get ! This will get rid of the excess shares and the real money will be made later ! Urban and CMKX was made to look bad for a reason as well as Tyler was made to look like a circus act for a reason , which is to get rid of the NSS at minimal cost ! Pete tuscansun DIAMOND JEDI MASTER Re: Tyler... (could it be?) « Reply #18 Yesterday at 7:23pm » -------------------------------------------------------------------------------- Peter......... They PAID, imo, good for OUR NS.. Maheu isnt a easy push over.... No cost for other companies or people is more like it... the rest, outside about twenty companies that pulled certs parallel with us ... will go without.........zippo... the world will move on 144r DIAMOND JEDI MASTER Re: Tyler... (could it be?) « Reply #19 Yesterday at 10:08pm » -------------------------------------------------------------------------------- methinks we'll be hearing from UC real soon with a surprising HEAVY HITTER testifying for him ooops :x millionaires.proboards86.com/index.cgi?board=main&action=display&thread=22230&page=1
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Post by soonerlew on Sept 22, 2008 4:55:11 GMT -5
PRECISION DIAMOND MINER U.S. SEC Reuters) « Thread Started Yesterday at 9:22pm » -------------------------------------------------------------------------------- U.S. SEC to make public some short positions 43 minutes ago WASHINGTON (Reuters) - Institutional money managers will not have to disclose their short positions to the public immediately, the U.S. Securities and Exchange Commission said on Sunday. Under the SEC's emergency rule, the information will be made public two weeks after it is filed electronically to the commission, the agency said in a statement. The new order will take effect at 12:01 a.m. ET on Monday, September 22, the SEC said. (Reporting by John Poirier and Rachelle Younglai) millionaires.proboards86.com/index.cgi?board=main&action=display&thread=22237
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Post by soonerlew on Sept 22, 2008 5:04:31 GMT -5
portrush Mod Squad Is it really THAT bad? « Thread Started Yesterday at 11:23pm » -------------------------------------------------------------------------------- You know, as I sit and read countless posts about the changes at the company, the lack of “real” information and the sundry of theories posted by a plethora of shareholders—I’m struck by what we might be looking right past. So the company selected Mark Faulk as the new CEO—so what? What it appears to say is that the company isn’t going to be a mining company—he has no mining experience. The company isn’t an asset management company either—he has no financial experience. What he does have is years of research regarding NSS issues in the market and presumably a clear and in-depth understanding of this company’s situation in particular. Likely to have signed an NDA, Faulk is an insider keeping potentially d*mning information “inside” a tight knit group of those “in the know” about our situation. Perhaps the SEC wants it this way. Do we like it? Certainly not—but those who violated the sacred trust by counterfeiting shares must like it even less. If the NS is our fight—that could explain why experts who have been assisting the company have come forth very publically and addressed the issue in writing. Al Hodges with his declarative letter to the SEC—as well as supportive action from other experts such as Susan Trimbath. It also could explain why the SEC dropped its charges against the company, arresting UC isn’t a priority (if even a plan) and why recent CEO comments hinting towards an Interpleader are back on the front burner. (http://millionaires.proboards86.com/index.cgi?action=display&board=main&thread=22211&page=1#275819) I don’t know what you think, but if this has been a sting of any sort then what is taking place in the market and with the government right now is kind of what I was expecting would happen in order for things to be resolved. To think that any brokerage or banking institution would accept a “deal” without a fight just doesn’t seem plausible to me. And those fights will be extensive, time consuming and perhaps disruptive to the market as a whole. Some companies would survive, others wouldn't. Others still would merge while some may be bailed out. Sound familiar? One look at the headlines these past several days would show clearly that these “Wall-Streeters” feel that they’re above the law and without the need to explain their actions. Holding them accountable to a charge of counterfeiting shares is a legal battle beyond measure. My gracious, look at how long it was before they would even admit NSS exists and even then there was different terminology used apparently to soften the impact..i.e. "fails to deliver." Having their henchmen get bonified shareholders riled up to turn against each other seems to be another plausible effort to delay the inevitable. Does this mean, “do nothing?” Certainly not—but I would suggest people keep their wits about them and emotions in check. Don’t allow “trusted” posters to get you off-focus and emotionally twisted. This is a business decision we made…treat it as one and keep focused. Plenty of shareholders have posted DD that has gone a long way towards educating and informing. I’m watching those posts with interest and dismissing the whiners without blinking. pr millionaires.proboards86.com/index.cgi?board=main&action=display&thread=22239
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Post by soonerlew on Sept 22, 2008 5:11:58 GMT -5
boneafide Cannoneer Ines~500 R00M Header~LOL « Thread Started Yesterday at 11:34pm » -------------------------------------------------------------------------------- Boy is she a sour puss. And continues the rumor mongering. Newest guru is Dreamweaver. No news except ban on nss and short sales in the market. in usa and many other countries . dreamweaver has a source and says we are getting paid 100 %. please flush after reading anything tyler cmkxdiamond.proboards66.com/index.cgi?board=general1&action=display&thread=57624
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Post by soonerlew on Sept 22, 2008 5:16:09 GMT -5
Posted by: ctla_4_play Date: Monday, September 22, 2008 12:07:33 AM In reply to: jimmym4 who wrote msg# 260409 Post # of 260440 omg they are going to pay for nss w taxpayers' monies Posted by: janice shell Date: Monday, September 22, 2008 12:10:25 AM In reply to: ctla_4_play who wrote msg# 260423 Post # of 260440 You've got NSS on the brain. This is NOT about NSS. It's about irresponsible lending practices, and about toxic credit default swaps. I suggest you get a grip on that. Posted by: Chas56789 Date: Monday, September 22, 2008 1:34:34 AM In reply to: janice shell who wrote msg# 260424 Post # of 260440 janice shell - it's about OTC derivatives......which include Naked shorts . FACT ! JMHO Chas56789 Posted by: Brad S Date: Monday, September 22, 2008 1:44:20 AM In reply to: Chas56789 who wrote msg# 260430 Post # of 260440 janice shell - it's about OTC derivatives......which include Naked shorts . FACT !Maybe you should take the time to look up the definition of the word "derivative" and then explain to us how to make a contract out of naked shorts. Posted by: NSDM-forever Date: Monday, September 22, 2008 3:20:59 AM In reply to: Chas56789 who wrote msg# 260430 Post # of 260440 The SEC chair, Christopher Cox, said the commission is “committed to using every weapon in its arsenal to combat market manipulation that threatens investors and capital markets”. Earlier, he said the rules were needed “to ensure that hidden manipulation, illegal naked short selling or illegitimate trading tactics do not drive market behaviour and undermine confidence”. Short selling is now pin-pointed as the major cause of the dramatic falls in the share prices of huge financial companies and banks, including Lehman Brothers (which collapsed last Sunday), Merrill Lynch, HBOS, Morgan Stanley and Goldman Sachs. The fall in their equity prices caused the market value of these firms to drop sharply, threatening their viability. Short selling is a practice in which the speculator borrows the shares of a company and then sells them at the current price in the expectation that the share price will drop. The speculator then purchases the shares at the reduced price to deliver, and makes a profit. In “naked short selling”, shares are not even borrowed by the speculator, who sells shares that he neither owns nor has borrowed. In selling large quantities of the shares of the targeted companies, the speculator in fact influences the prices of the shares to go down. Short selling can force share prices to fall below what is justifiable by economic fundamentals. This destroys market and public confidence in a company which then faces collapse. Without the short selling activity it may have survived. thestar.com.my/columnists/story.asp?file=/2008/9/22/columnists/globaltrends/2086236&sec=globaltrends
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Post by soonerlew on Sept 22, 2008 5:20:03 GMT -5
Posted by: NSDM-forever Date: Monday, September 22, 2008 3:14:12 AM In reply to: jimmym4 who wrote msg# 260419 Post # of 260440
I would be surprised in the big bail out of the last few days a secret transfer payment of a few trillion bucks has not been socked away for CMKX shareholders.
Bush knows that in the end he was responsible for policing shorty and he is the responsible party and not the greedy, uncouth and uneducated CMKX shareholder.
There is a rumor DeBeers is offering billions to the companies that own the mineral rights at FalC not to mine because mining the rich diamond horde will devalue the price of gem diamond to about the same price as cabbage.
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Post by soonerlew on Sept 22, 2008 5:22:21 GMT -5
Posted by: Investorman Date: Monday, September 22, 2008 3:29:51 AM In reply to: pantherj who wrote msg# 260434 Post # of 260440
A couple of facts that put a billion in perspective. A trillion is too big to consider.
A. A billion seconds ago it was 1959. B. A billion minutes ago Jesus was alive. C. A billion hours ago our ancestors were living in the Stone Age. D. A billion days ago no-one walked on the earth on two feet. E. A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.
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Post by soonerlew on Sept 22, 2008 5:24:40 GMT -5
By: my69z 21 Sep 2008, 10:15 PM EDT Msg. 767524 of 767567 Jump to msg. # The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies. The Fed announced that it had approved the request of the two investment banks. The change in status will allow them to create commercial banks that will be able to take deposits, bolstering the resources of both institutions. The change continued the biggest restructuring on Wall Street since the Great Depression. Link for rest of article..news.yahoo.com/s/ap/bank_change
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Post by soonerlew on Sept 22, 2008 5:27:54 GMT -5
By: my69z 21 Sep 2008, 11:20 PM EDT Msg. 767551 of 767568 Jump to msg. # Sept. 22 (Bloomberg)....* Australia and Taiwan restricted the short sale of equities * Bank of China Ltd. led a jump in Chinese shares after the nation's top securities regulator made it easier for companies to buy back stock. * Companies can start the share buyback process after two- thirds of shareholders approve it, and disclose details the next working day without seeking approval from the China Securities Regulatory Commission, * The Australian Securities and Investments Commission said on Sept. 19 it will abolish so-called ``naked'' short selling of shares from today, and extended its ban yesterday to "covered" transactions. bloomberg.com/apps/news?pid=20601087&sid=aemRb_zn1BPM&refer=home
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Post by soonerlew on Sept 22, 2008 5:28:41 GMT -5
By: sportsman93306 21 Sep 2008, 11:40 PM EDT Msg. 767554 of 767568 (This msg. is a reply to 767496 by bhollenegg.) Jump to msg. # BHOLLENEGG THANKS FOR YOUR REPLY. I SAW the document regarding trust.I am not familiar with these kind of trusts. It seems the money in trust is miniscule in comparison to amount of shares held by sh. We need 6.3 Billion dollars if we are going to recieve 1 cents per share. For .001 per share we need 630 millions dollars.I do not see those kind of money. Interestingly enough, some are even thinking of 10 cents per share.For that we need 63 billion dollars, which of course is impossible. And, to think about it. UC SAID 54 CENTS PER SHARE. WAS HE DRUNK AT THAT TIME?LOL Thanks SPORTSMAN
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Post by soonerlew on Sept 22, 2008 5:29:22 GMT -5
By: sportsman93306 21 Sep 2008, 11:49 PM EDT Msg. 767556 of 767568 (This msg. is a reply to 767499 by gusjarvis.) Jump to msg. # GUSJARVIS HERE IS MY TAKE ON FOLLWING..
It is often stated or asked, 1. Why,it took long time for brokers to issue certificates?,2,Why E-trade flew certificates at last minutes? The implication is that... they(brokers etc), paid money for the shares. Well, that MIGHT be true. The question is how much they paid? If they paid @ .0001 cents per share then they paid 63 million dollars for 630 billion shares.And, if UC has INTENTION to pay us it would be only .0001 per share. NO BIG DEAL. MOST OF US CAN WITHSTAND A LOSS OF FEW THOUSAND DOLLARS. If one believes we would be paid 1 cents/share, we are talking about 6.3 billion dollars.I refuse to believe that brokers paid that kind of money. So, in nutshell, we may not see any money at all,or we see very little money, .0001 per share. GOOD NIGHT
SPORTSMAN
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Post by imSINGLEruRICH on Sept 22, 2008 6:43:23 GMT -5
By: scruffy_too 22 Sep 2008, 12:56 AM EDT Msg. 767562 of 767570 (This msg. is a reply to 767555 by jlecks.) Jump to msg. # Jlecks, you really wonder if anyone gets it...? Apart from a global redistribution of power and influence, what we have been witness to is the final bankrupting of middle class America, those that DO as opposed to those that simply SUCK... I really fear for the future of our kids!
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