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Post by soonerlew on Jul 15, 2008 7:36:33 GMT -5
By: my69z 14 Jul 2008, 11:08 PM EDT Msg. 741993 of 742131 (This msg. is a reply to 741692 by rosencrantz2010.) Jump to msg. # Rosen...." one is that the naked short is there but it's modest, say 100b or so. the nns has to be cleaned up. the best way to do it is back in the market. that makes sense."
Imo,,,it better be far lower than 100b...
" the second view is we have a massive naked short, say 800b or more and that has to be cleaned up in the market. great. but do you really think something that large could be handled? "
Nope.
" the third view is that the nss was 800b but 600b was bought and already paid for by shorty. that money is what is in the "trust." the remaining 200b of the nss is what's left of the naked short and those poor basstards that didn't agree to the settlement will be forced to cover in the market. "
I don't think a trust will play any part of this...that'd be admiting brokers etc..were guilty and it'd be precednt setting,,,,won't happen....too public.
" 200b of the nss is what's left "...i didn't even agree with 100b lol.
" of course, a fourth position has to be that there never was a naked short and all of the cash we're looking at (like edwards $33m) are the proceeds from the dump. okay, that has to be considered a possibility. call this one the pump and dump scenario. "
Actually,,,it's not a choice cause Kevin said...we do have an NSS issue.
" well, now that i'm talking, i guess you have to add in a fifth position which is one you have been promoting and that is that all those phony accounts are holding a bunch of unregistered stock that must be returned to the company. you haven't put a number on it but just to make people happy we'll say they can eliminate 300b shares by eliminating all those shares illegally handed out to friends and insiders. wow! cut out half of the 633b currently showing on the books."
If you go back to Kevin talking baout CMKX's accounts...he literally used quotations....he said "accounts",,,,when have you ever seen a CEO refer like that??,,,,my bet is never.And all i've been goin by is what KEvin's said...and I understand the counter showed what was it....630B,,,,,but we don't know who owned it.And think about this...was CMKX a day trade or hold pre-SEC hearing??...and post SEC hearing and the following 4 months,,,,,probably at least 40-50% day trading....think about that mixed with all kinds of other scenarios,,,,don't know CMKX came back to life,,,,merged(?),,,bought out(?),,,refused to order a cert....etc,,,etc,,,
" of course, how the SEC can do that i'm not sure since there are 633b in certificate according to the task forces' own count. how do you take away peoples shares when they paid good money for them? are they coming to me and saying, "ring around the rosie" you're going to have to give back half of your shares? (not likely) "
The SEC won't play a role in reducing the shares,,,,Judge Denton can do that....I did a post about a yr ago called,,,Civil Can Eliminate and showed what it would take to eliminate someone's stock....it's all the stuff Kevin talks about now when he says,,,,improper consideration was given for stock....means they didn't perform services or pay.Don't confuse those crooked shares that are still held with "ours"....go back and look at what Kevin said about those type of shares...the words most and alot.
CMKX has alo tof options in dealing with any issuance.....and don't think they can't seriously reduce you or me if they chose to
2 things i'd like to see,,,,,Koch and United Carina.....Koch said he needed cash,,,,TDEM is laready done/paid for.
Carina's old deal was to cost CMKX $150K,,,,,think about that....even if Carina multiplied that buy-in cost by 10 now....that's on $1.5M from CMKX,,,,out of tha $33M...a drop in tha bucket
I said,,,,and especially in March '07 when our litigation came out..CMKX was working with the SEC,,,,,and look at stuff today.
I've also been sayin....hopefully this'll mean "we"...CMKX,,,,get's tha bulk of the assets,,,puts some money back into some deals,,,drops the structure and these guys get pushed up to tha DOJ.
I was laughed at on both.....not to mention,,,alot of other "rumors"....to tha point that people don't even respond.....
Well,,,,to those fair weather friends who only want to read what they wanna hear,,,,,fuuukk u tooo...cause your just as bad as the bashers
Later bub, Chris
By: rosencrantz2010 15 Jul 2008, 05:47 AM EDT Msg. 742125 of 742131 (This msg. is a reply to 741993 by my69z.) Jump to msg. # my69z, as always, your analysis is always great stuff. thanks. but i still have questions i'd like to get your response to. later.
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Post by soonerlew on Jul 15, 2008 7:37:17 GMT -5
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Post by imSINGLEruRICH on Jul 15, 2008 13:41:12 GMT -5
By: rosencrantz2010 15 Jul 2008, 07:47 AM EDT Msg. 742129 of 742242 Jump to msg. # for those making the prediction, isn't July 15th suppose to be cmkx's BIG DAY? what suppose to happen today with CMKX?
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Post by imSINGLEruRICH on Jul 15, 2008 13:46:00 GMT -5
By: sparkysantos 15 Jul 2008, 08:16 AM EDT Msg. 742131 of 742242Jump to msg. # Mr Bernanke, it's always-a-banker Hank Paulson on line 3, he sounds panic-stricken, and he's demanding to speak with you. Hank's worried about the 15-minute Jim Rogers interview that's flying around the web; the one in which he claims the Fed always takes calls from bankers but not from others, like farmers. In a nutshell, Rogers is also telling the world that he thinks it's wrong how the non-federal Fed keeps bailing out select Wall Street cronies with newly-minted dollars that US taxpayers will pay, and pay, and pay for. This is bad Ben; and while it's early, we should perhaps awaken always-smiling Christopher Cox and make sure he joins us in our collective denial of all these accusations that Rogers made. Why he even said we keep messing up; and he compared these times to 1929! But Ben, always-a-banker Hank Paulson thinks the solution to this dilemma might be one, or both, of the following: (1) We could create a third mortgage-minting GSE with a gentle name like Ellie Mae that could swallow up Fannie and Freddie at a 40% discount; and then an equal amount of preferred shares of this new GSE could be sold to India & China at a 50% premium, the difference to be split 40-30-30 by Goldman Sachs, JP Morgan Chase, and B of A. (2) We could have the US Treasury clandestinely start several hedge funds around the world that would short the US Dollar and enter into a slew of Credit Default Swaps that all bet against the US and its paper. And then as the American economy bankrupts, we could bring the profits from those hedge funds back into the US, pay the Bush Administration and the SEC its normal cut, and return any balance to the Treasury. Hank says he already ran both these ideas by Jim Cramer and that Cramer thinks he can get all his "friends" to talk it up as well. And Morgan Stanley’s infamous John J Mack also thinks it a great idea; and he’s promised not to tell anyone. In the way of political feedback, Christopher Dodd from CT thinks that he thinks it’s a good idea; and moreover, he also thinks that he perhaps already thought of doing this, but simply forgot to tell anyone, unless he could have maybe told Paulson, which is why it sounded so familiar to him. But Dodd cut us short because he had to take a call from Obama’s VP vetting service. Feedback from the House came from boy-liking Barney Frank in MA. He too loves the idea and would be more than happy to shave again today it Paulson would like for him to make the GSE-Bailout announcement from a gay bar in downtown Boston So, what are your thoughts Ben; do you want to speak with Hank or should I explain to him that you're still convinced that the Dollar is fine, the Credit Crunch is over, the mortgage meltdown is just a fad, and that spiked commodity prices will soon correct? And Ben, don't forget, the PPI and Retail Sales data for June will be out at 8:30 ET, which is a half hour from now. Oh my Ben; at this late juncture, what can possibly be done?! Sparky PS -- At 10:00 ET today in DC, Uncle Ben Bernanke appears before the Senate Banking Committee for his semiannual monetary policy testimony. This could be exciting!
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Post by imSINGLEruRICH on Jul 15, 2008 13:47:36 GMT -5
By: cbaughan 15 Jul 2008, 09:43 AM EDT Msg. 742136 of 742244 Jump to msg. # Andy Hill's response to my MP3:
It has been said:
When all is said and done don't be surprised as to who turns out to be a good guy and who turns out to be a bad guy.
Said another way....prepare to be surprised as to the roles certain individuals have played along the way.
Kind of how STINGS work eh !!
By: mquietstorm3 15 Jul 2008, 09:55 AM EDT Msg. 742142 of 742244 (This msg. is a reply to 742136 by cbaughan.) Jump to msg. # cbaughn
Remember when I stated about two weeks ago that Shaekespear once said " THE WORLD IS A STAGE ANS EVERYONE PLAYS A PART "?
"LET JUSTICE BE DONE THOUGH THE HEAVENS MAY FALL "
By: cbaughan 15 Jul 2008, 10:25 AM EDT Msg. 742159 of 742244 (This msg. is a reply to 742142 by mquietstorm3.) Jump to msg. # I didnt know that MQ..but I did hear Jay Adobe tell us that we will be surprised who is good and who isnt
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Post by imSINGLEruRICH on Jul 15, 2008 14:29:42 GMT -5
By: klonopin2mg 15 Jul 2008, 12:31 PM EDT Msg. 742186 of 742257Jump to msg. # viewer.zoho.com/docs/st5bcc read the whole thing ....maheu testimony six months after he resigned "if" my memory serves me right. of course glen and stocklien too....incredible list of the who's who and the DOMINOS continue to fall into place... next up... me and my Entourage... i would love a "$$" divy. klon' By: klonopin2mg 15 Jul 2008, 12:22 PM EDT Msg. 742181 of 742257(This msg. is a reply to 742174 by nufced.) Jump to msg. # hey nuf', your information provided in line 175 as materials....nufced@yahoo.com was this voluntarily submitted and have you mentioned this prior? tia klon' By: nufced 15 Jul 2008, 12:29 PM EDT Msg. 742185 of 742261(This msg. is a reply to 742181 by klonopin2mg.) Jump to msg. # Sure I have..many times.
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Post by imSINGLEruRICH on Jul 15, 2008 14:53:57 GMT -5
By: unearthed_one 15 Jul 2008, 01:04 PM EDT Msg. 742214 of 742277 Jump to msg. # Timing is good...
"Diamonds Attract Funds as Largest Gem Prices Surge 76% in Year" http://www .bloomberg .com/apps/news?pid=20601093&sid=aKVjxYejpss0&refer=home
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Post by imSINGLEruRICH on Jul 15, 2008 14:56:41 GMT -5
Hereeeee's Pollyyyyyyy .....
By: lilburrito0 15 Jul 2008, 01:11 PM EDT Msg. 742216 of 742277 Jump to msg. # One day closer to seeing the whole Casavant Family in jail!
By: diamondguru-one 15 Jul 2008, 02:14 PM EDT Msg. 742235 of 742279 (This msg. is a reply to 742216 by lilburrito0.) Jump to msg. # You'll "NEVER" see a "CASAVANT" in jail.......NEVER.....
By: dmgroup 15 Jul 2008, 01:31 PM EDT Msg. 742224 of 742279 (This msg. is a reply to 742216 by lilburrito0.) Jump to msg. # your a bitter soul. now go mow my lawn
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Post by imSINGLEruRICH on Jul 15, 2008 14:58:57 GMT -5
Hereeeee's Pollyyyyyyy .....By: lilburrito0 15 Jul 2008, 01:11 PM EDT Msg. 742216 of 742277Jump to msg. # One day closer to seeing the whole Casavant Family in jail! By: diamondguru-one 15 Jul 2008, 02:14 PM EDT Msg. 742235 of 742279(This msg. is a reply to 742216 by lilburrito0.) Jump to msg. # You'll "NEVER" see a "CASAVANT" in jail.......NEVER..... By: dmgroup 15 Jul 2008, 01:31 PM EDT Msg. 742224 of 742279(This msg. is a reply to 742216 by lilburrito0.) Jump to msg. # your a bitter soul. now go mow my lawn By: mdnj_38 15 Jul 2008, 02:24 PM EDT Msg. 742237 of 742281(This msg. is a reply to 742235 by diamondguru-one.) Jump to msg. # diamondguru-one: Now why would they be on the list ? ***TILT*** 75. Materials from Venetian Casino & Resort, obtained December 2005 By: diamondguru-one 15 Jul 2008, 02:33 PM EDT Msg. 742240 of 742282(This msg. is a reply to 742237 by mdnj_38.) Jump to msg. # "NEVER".......
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Post by imSINGLEruRICH on Jul 15, 2008 15:01:00 GMT -5
Mona Lisa Smiles: the money is sitting in a secure location
saint112272: Mona is the co. contacting a number of people as they did you? tia Mona Lisa Smiles: ready Mona Lisa Smiles: saint dont know Mona Lisa Smiles: except of a few Mona Lisa Smiles: cannot say who saint112272: Thanks mona
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Post by imSINGLEruRICH on Jul 15, 2008 15:02:48 GMT -5
By: klonopin2mg 15 Jul 2008, 12:31 PM EDT Msg. 742186 of 742257Jump to msg. # viewer.zoho.com/docs/st5bcc read the whole thing ....maheu testimony six months after he resigned "if" my memory serves me right. of course glen and stocklien too....incredible list of the who's who and the DOMINOS continue to fall into place... next up... me and my Entourage... i would love a "$$" divy. klon' By: klonopin2mg 15 Jul 2008, 12:22 PM EDT Msg. 742181 of 742257(This msg. is a reply to 742174 by nufced.) Jump to msg. # hey nuf', your information provided in line 175 as materials....nufced@yahoo.com was this voluntarily submitted and have you mentioned this prior? tia klon' By: nufced 15 Jul 2008, 12:29 PM EDT Msg. 742185 of 742261(This msg. is a reply to 742181 by klonopin2mg.) Jump to msg. # Sure I have..many times. By: pallyguyct 15 Jul 2008, 02:53 PM EDT Msg. 742246 of 742288Jump to msg. # Create a timeline to see when this all started, what order they went after what info, etc Also, Nevwest has been supplying info to the SEC starting in January 2003? ? Most testimony began shortly after the Halloween party...hmmmmm
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Post by imSINGLEruRICH on Jul 15, 2008 15:04:46 GMT -5
By: rosencrantz2010 15 Jul 2008, 03:32 PM EDT Msg. 742258 of 742289 Jump to msg. # same SEC story about curbing "naked" short selling in the NY TImes business section,,,
S.E.C. Emergency Rule to Curb Short Selling
By REUTERS Published: July 16, 2008
WASHINGTON (Reuters) — The Securities and Exchange Commission will issue an emergency rule Tuesday to curb short selling in major financial firms, including Fannie Mae and Freddie Mac, the commission said.
Short sellers borrow shares they consider overvalued and sell them. If the price drops, they repurchase the shares, return them and pocket the difference.
The rule to be announced Tuesday will halt “naked” short sales, in which the investor sells stock that has not yet been borrowed. Sellers sometimes deliberately fail to deliver securities as part of a scheme to manipulate the stock price.
The emergency rule would require any person making a short sale in the listed securities to borrow the securities before the short sale is effected and deliver the securities on the settlement date.
The commission has already proposed rules to curb naked short selling abuses and prevent market price manipulation.
By: rosencrantz2010 15 Jul 2008, 03:41 PM EDT Msg. 742266 of 742294 Jump to msg. # this 'naked short' story should really be an eye opener to many people in the market. just think, it wasn't all that long ago that people on CNBC would laugh at anyone suggesting there was such a thing as "naked short selling." only the loonies believed such nonsense!
the SEC really is behaving like a bunch of scared criminals. the SEC has now revealed their willingness to protect a very important set of firms from something they know exists. they are now trying to prevent the type of illegal stock trading practices they knew about and permitted to ravage the share value of so many other smaller and less influential companies,,, but do so only AFTER the big firms were being subjected to what all the small guys have experienced for years.
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Post by imSINGLEruRICH on Jul 15, 2008 15:06:14 GMT -5
By: ctla_4_me 15 Jul 2008, 03:33 PM EDT Msg. 742261 of 742292 Jump to msg. # thank u cmkx for providing sec w evidence that saved banking industry
By: aladin99 15 Jul 2008, 03:43 PM EDT Msg. 742269 of 742294 Jump to msg. # SEC/DOJ/IRS proved..... whoever goes against CMKX must pay the price.....
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Post by imSINGLEruRICH on Jul 15, 2008 15:12:18 GMT -5
By: rosencrantz2010 15 Jul 2008, 03:32 PM EDT Msg. 742258 of 742289Jump to msg. # same SEC story about curbing "naked" short selling in the NY TImes business section,,, S.E.C. Emergency Rule to Curb Short Selling By REUTERS Published: July 16, 2008 WASHINGTON (Reuters) — The Securities and Exchange Commission will issue an emergency rule Tuesday to curb short selling in major financial firms, including Fannie Mae and Freddie Mac, the commission said. Short sellers borrow shares they consider overvalued and sell them. If the price drops, they repurchase the shares, return them and pocket the difference. The rule to be announced Tuesday will halt “naked” short sales, in which the investor sells stock that has not yet been borrowed. Sellers sometimes deliberately fail to deliver securities as part of a scheme to manipulate the stock price. The emergency rule would require any person making a short sale in the listed securities to borrow the securities before the short sale is effected and deliver the securities on the settlement date. The commission has already proposed rules to curb naked short selling abuses and prevent market price manipulation. By: rosencrantz2010 15 Jul 2008, 03:41 PM EDT Msg. 742266 of 742294Jump to msg. # this 'naked short' story should really be an eye opener to many people in the market. just think, it wasn't all that long ago that people on CNBC would laugh at anyone suggesting there was such a thing as "naked short selling." only the loonies believed such nonsense! the SEC really is behaving like a bunch of scared criminals. the SEC has now revealed their willingness to protect a very important set of firms from something they know exists. they are now trying to prevent the type of illegal stock trading practices they knew about and permitted to ravage the share value of so many other smaller and less influential companies,,, but do so only AFTER the big firms were being subjected to what all the small guys have experienced for years. By: rosencrantz2010 15 Jul 2008, 03:54 PM EDT Msg. 742279 of 742297(This msg. is a reply to 742268 by _nathanial.) Jump to msg. # today's revelation by the SEC of the ongoing practice of 'naked shorting' in the market is a major and positive step forward for the market. the fact the SEC again admitted it (COX had previously verified naked shorting existed) and that they said it was rampant even NOW demonstrates just how worried they are about the financial stocks but also just how devastating naked shorting can be on a stock's value. this will serve a lot of companies down the road. it's good for us and it will be good for overstock and a whole bunch of others that were repeatedly laughed at when mentioning naked shorting. now, when arguing a case, these guys will be able to turn around and beat the living daylights out of the SEC and others with today's admission by the SEC of just how powerfully destructive the practice of naked shorting can be (and still is!) -- and to think, we're not talking about some small defenseless little penny stock! the SEC is worried about the negative effects naked shorting can have on the stock of a company that controls roughly a quarter of all the mortgages in the US. this story is a GEM. it's one of the best things that could have happened for the long term health of the market. By: jlecks 15 Jul 2008, 04:01 PM EDT Msg. 742287 of 742301(This msg. is a reply to 742267 by mdnj_38.) Jump to msg. # Mdnj_38, you know that John O'Quinn and his staff broke out the champagne after reading that... And those of us stuck in CMXK, well, we're just depressed, as usual.
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Post by imSINGLEruRICH on Jul 15, 2008 15:13:20 GMT -5
By: aladin99 15 Jul 2008, 03:58 PM EDT Msg. 742283 of 742300 (This msg. is a reply to 742279 by rosencrantz2010.) Jump to msg. # Rose...CMKX proved that our system got screwed and SEC/DOJ now see it that we have been right from day 1....
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