oldepro
DIAMOND JEDI
IMO Reason for Revocation
« Thread Started Yesterday at 1:44pm » This is the reson for request for revocation and the cert pull. As well as unshareholer.com
The CompuDyne court further explained the Supreme
Court held that pleading loss causation based on an allegation
that the plaintiff sold his stock for less than it was worth because
its price was artificially depressed is not the same as
pleading loss causation based on an allegation that the plaintiff
purchased a stock whose price was merely artificially inflated.
108 A plaintiff who sells a stock at an artificially depressed
price no longer possesses the shares and thus has realized
an economic loss.109 CompuDyne thus represents the most
sympathetic judicial view yet of naked short-selling plaintiffs.
However, unless the investor requested that the brokerage
firm close out the sale and produce paper stock certificates,
and unless the brokerage firm was unable to do so, the investor
is arguably a participant—however unwitting—in the naked
shorting scheme; if he never demanded a close-out or
presentation of physical stock certificates, the investor cannot
complain that he was sold phantom shares. Because even
phantom shares show up as legitimate long positions in the
investor’s account, the investor faces an uphill battle in proving
he was injured by naked short-selling. Without provable,
redressable injury, an investor lacks standing to sue.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1769014##So, based on this, if we have a cert, we are not damaged. The question is how were our certs obtained? Did IBM herd them in a room? Since no shares were registered after 2002, how did ours get certed and registered?