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Post by imSINGLEruRICH on Jul 29, 2008 12:51:55 GMT -5
By: rosencrantz2010 29 Jul 2008, 09:37 AM EDT Msg. 746395 of 746475 (This msg. is a reply to 746393 by mdnj_38.) Jump to msg. # mdnj, i'll be happy to see some claims come back to us, a reduction in the OS (as suggested by my69z), more money coming to us from the lawsuits, a good mining CEO and a return to trading.
put that all together, plus a modest naked short that even kevin has said exists, and we could be looking to getting our investment back and then some.
on the other hand, if magic occurs i'll take that too!
By: mdnj_38 29 Jul 2008, 10:00 AM EDT Msg. 746400 of 746476 (This msg. is a reply to 746395 by rosencrantz2010.) Jump to msg. # rose i didn't see my69z post. but i been talking with a friend now for aprox: 4 yrs my believe is the true O/S is only aprox" 80-100 bill. i said that all along.
By: rosencrantz2010 29 Jul 2008, 10:05 AM EDT Msg. 746402 of 746476 (This msg. is a reply to 746400 by mdnj_38.) Jump to msg. # mdnj, if the true OS is less than 100b then we should be golden,,, assuming we get back some of the claims, etc.
so you agree with the theory of a huge naked short?
and if the task force counter of 622b is to be believed, then you also agree with the idea that shorty had to buy back his naked shorts from the company allowing the rest of us to be issued legal shares in the form of our certificates?
and if you think that then i think you also have to buy into the idea that urban is with the shareholder and not on the other side with edwards. right?
this is pretty much the bear-trap theory or the sting theory. and there are several other versions of this basic idea.
but in all of them urban is the good guy.
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Post by imSINGLEruRICH on Jul 29, 2008 13:01:34 GMT -5
ty...... By: dennissullenger 29 Jul 2008, 11:19 AM EDT Msg. 746424 of 746480 Jump to msg. # By: AlanC 28 Jul 2008, 10:26 PM EDT Msg. 1180897 of 1180897 (This msg. is a reply to 1180892 by AlanC.) Jump to msg. # Watch/listen to Cramer today....WOWSER !!! www.cnbc.com/id/25888561
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Post by imSINGLEruRICH on Jul 29, 2008 13:03:01 GMT -5
By: leowanta 29 Jul 2008, 11:49 AM EDT Msg. 746426 of 746481 (This msg. is a reply to 746361 by huckfinnn.) Jump to msg. # huckfinnn... that works...let's do it urban/SEC Cox!
Friday, hopefully Cox will end his investigation (thank you Leslie) so...let's get this initial payout distributed please...thank you!
By: huckfinnn 28 Jul 2008, 11:33 PM EDT Msg. 746361 of 746425 (Msg. is a reply to 746276 by pleiadian.) pleiadian,there is a good chance we will be paid in Canadian dollars,to equal what really happened........hopefully imo.
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Post by imSINGLEruRICH on Jul 29, 2008 13:13:34 GMT -5
By: CHICPICK 29 Jul 2008, 01:23 PM EDT Msg. 746459 of 746486Jump to msg. # Indictments handed down against Stevens (REP) Alaska.....Good. Get these crooks out of office and behind bars. By: gusjarvis 29 Jul 2008, 01:26 PM EDT Msg. 746460 of 746486(This msg. is a reply to 746459 by CHICPICK.) Jump to msg. # mark and bud wating for indictments, well here they come, things are moving quick that got decided years ago, our limbo is close to over seekingalpha.com/article/87653-il....ico-indictments "Byrne's web site, Deep Capture.com, has compiled a plethora of facts documenting, names, dates, times and videos of the players and their schemes." Do you think some of these folks are developing sweat streaks in the back side of their underwear? Illegal Short Sellers May Face RICO Indictments cmkxunofficial.proboards29.com/index.cgi?board=mofo&action=display&thread=2444By: mdnj_38 29 Jul 2008, 01:29 PM EDT Msg. 746464 of 746486(This msg. is a reply to 746459 by CHICPICK.) Jump to msg. # just the begining i hope'
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Post by imSINGLEruRICH on Jul 29, 2008 13:14:54 GMT -5
ty...... By: dennissullenger 29 Jul 2008, 11:19 AM EDT Msg. 746424 of 746480 Jump to msg. # By: AlanC 28 Jul 2008, 10:26 PM EDT Msg. 1180897 of 1180897 (This msg. is a reply to 1180892 by AlanC.) Jump to msg. # Watch/listen to Cramer today....WOWSER !!! www.cnbc.com/id/25888561 By: rosencrantz2010 29 Jul 2008, 01:30 PM EDT Msg. 746465 of 746486(This msg. is a reply to 746454 by CHICPICK.) Jump to msg. # thanks, CHICPICK! the cramer video is great! everyone should watch it. it sure lends credibility to the idea that cmkx could have been naked shorted into the next world. it was hard to believe that naked shorting could have been as big a problem as it now appears to be. the idea that even CNBC has people talking openly about it and how big of a problem it is should tell us all that there is an outside chance that CMKX had its shares naked shorted to death. back then who wouldn't naked short CMKX? it was an obvious pump and dump and the fish were buying the craaap as fast as it could be sold. why not just sell the little guppies all the shares they wanted regardless of who had shares to sell? did urban know this? (this notion fits with my other rant, which is: was urban so stupid that he let all those claims just slip through his fingers for a quick $30m? there is more analysis that can be done with this idea. it needs to be thought about. discussed. turned inside outside and back again. there is a lot there. and if its true urban knew about naked shorting from his petro plus days then you'd think he would have remember that when it came to CMKX. why was urban so shortsighted that he didn't recognize that cmkx was being naked shorted? that's a good one to think some more about too!) CRAMER VIDEO - IT'S GREAT and a real eye-opener. www.cnbc.com/id/25888561
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Post by imSINGLEruRICH on Jul 29, 2008 13:18:53 GMT -5
Regarding article .......Illegal Short Sellers May Face RICO Indictments cmkxunofficial.proboards29.com/index.cgi?board=mofo&action=display&thread=2444By: rosencrantz2010 29 Jul 2008, 01:39 PM EDT Msg. 746471 of 746486(This msg. is a reply to 746467 by elvis-is-here.) Jump to msg. # highlight from elvis post: Some other talking points: 1) More shocking yet (and I can send the back-up data on this) is that on an average day, 72% of the FTD’s are in stocks that are on the Reg SHO list. Some protection. 2) How bad a problem is this? a.You understand that $1 million of toxic waste does not cost $1 million to clean up: it may cost much more. Similarly, a broker holding a 10 million share FTD in a $1 stock may carry it as a $10 million liability, but if he has to clean up his fail, and buy-in 10 million shares in a stock trading 50,000 shares/day… it may cost him $10 million, but it could just as easily cost $100 million. b. Put that together with the $8.5 billion number above. Cleaning it up will not cost $8.5 billion. It could cost $18.5 billion, or $80 billion… No one has any idea. c. The CNS failures are just one part of the equation. There is also broker-level “pre-netting”, fails resolved by the DTCC Stock Borrow Program, ex-clearing, and failures coming in from off-shore clearing systems. Everybody who will talk from within the system says that collectively, these are a far bigger (the estimates from within the system are $30 - $190 billion, depending upon who is speaking). Patrick Byrne has been talking about naked short selling for years and is not opposed to short selling as a whole but feels that his company and others have been unfairly penalized.
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Post by imSINGLEruRICH on Jul 29, 2008 13:25:40 GMT -5
By: CHICPICK 29 Jul 2008, 01:36 PM EDT Msg. 746470 of 746488 (This msg. is a reply to 746465 by rosencrantz2010.) Jump to msg. # rosen, Naked shorting is a terrible market problem, but CMKX is NOT involved.
By: rosencrantz2010 29 Jul 2008, 01:46 PM EDT Msg. 746473 of 746488 (This msg. is a reply to 746470 by CHICPICK.) Jump to msg. # CHICPICK, kevin has said there is a naked short (or FTDs) in cmkx. so, i'd have to go with kevin on that point.
but the more important point you raise is to what extent was cmkx naked shorted? was it 1b shares? 10b shares? 100b shares or 1T shares?
i don't really know. but logically we can assume urban knew about the process and he knew that cmkx probably would be naked shorted and even if he was a scoundrel out to pump and dump the shares, why not take advantage of the situation?
just because you are a crook that doesn't prevent you from stealing from other bad guys. if you are a crook wouldn't you look at who was the best mark? were the stupid shareholders the easiest mark or was it the brokers and hedge funds?
if i were a smart crook i'd probably try to have it every way i could get it. why not walk away with some of the millions now but at the same time stick it to everyone else involved?
well..... BF & KW have admitted to substantial NSS/ FTD's many times in their updates & Q&A's..... Blessed Hodges for all he has done as a friend of the company(Hodges respnsible for the SEC comment letter)..... Nor has either ever retracted any statement re: these matters..... again where is Chic getting his "info"? By: CHICPICK 29 Jul 2008, 01:51 PM EDT Msg. 746476 of 746489 (This msg. is a reply to 746473 by rosencrantz2010.) Jump to msg. # rosen, You will see in time that both Kevein and Bill were wrong in their assuption. I believe that they both now realize that a naked short does not exist here, and are waiting for the right time to announce it. I don't know what the right time is, but maybe AFTER they manage to collect some of the stolen monies.
By: rosencrantz2010 29 Jul 2008, 01:54 PM EDT Msg. 746478 of 746489 (This msg. is a reply to 746476 by CHICPICK.) Jump to msg. # CHICPICK, you could be right. they have changed their tune about urban and what transpired so it is possible they might sing a new song about cmkx being naked shorted come tomorrow.
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Post by imSINGLEruRICH on Jul 29, 2008 13:27:57 GMT -5
By: DrillBit 29 Jul 2008, 01:54 PM EDT Msg. 746479 of 746491Jump to msg. # It's time to VOTE all out that are against at least* THIS: www.cnbc.com/id/25888561 * he omits very complicated trading instruments like derivatives as well as other BS lawyer based trading.
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Post by imSINGLEruRICH on Jul 29, 2008 13:29:37 GMT -5
By: snoopstock613 29 Jul 2008, 02:02 PM EDT Msg. 746481 of 746491 Jump to msg. # more than 50 hedge funds being slapped with subpoenas SEC is demanding both trading records and email correspondences" from subpoenaed firms. The inclusion of cell phone and text messaging records will undoubtedly be scrutinized
If anyone knows lawyers, law enforcement people, they will realize that BEFORE they can GET a subpoena, there has to be hard fact to back it up. Or else people giving them up!!!!!!! Hahahahahaha.
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Post by imSINGLEruRICH on Jul 29, 2008 13:33:13 GMT -5
By: rosencrantz2010 28 Jul 2008, 07:53 PM EDT Msg. 746317 of 746381 (This msg. is a reply to 746251 by johnnyic.) Jump to msg. # johnnyic, urban DID say .54 but he never said it in a press release. that's his out. nonetheless, there are so many other things that were said in all those press releases that he and others will have a hard time fending off charges of fraud if this all goes south. eventually this story will play itself out and at that time the lawyers will get involved. all we can do it watch. what everyone at cmkx needs to be concerned about at that point are the army rangers that invested in cmkx based on a firm hand shake, a direct look in the eye and promises that their family's life's savings was secure. lol By: johnnyic 29 Jul 2008, 02:05 PM EDT Msg. 746485 of 746492(This msg. is a reply to 746317 by rosencrantz2010.) Jump to msg. # Yes Rosen, A Gentleman's word combined with a handshake is most definitely his Bond... Quote you:~ "~ army rangers that invested in cmkx based on a firm hand shake, a direct look in the eye and promises that their family's life's savings was secure." By: rosencrantz2010 29 Jul 2008, 02:17 PM EDT Msg. 746488 of 746493(This msg. is a reply to 746485 by johnnyic.) Jump to msg. # johnnyic, yep, and one more of those odd little reasons to think there is more to this story than a simple pump and dump.
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Post by imSINGLEruRICH on Jul 29, 2008 13:35:50 GMT -5
By: gusjarvis 29 Jul 2008, 02:22 PM EDT Msg. 746490 of 746493Jump to msg. # overstock has 22.5 million shares o/s an suing for 3.5 billion, and they have no assets. We had the greatest land on earth, I wonder what we get. Now think about this, the john o'quinn lawsuit is for trillions, one of his main fighters in public is only 3.5 billion, he has about 100 clients or so, maybe the market. But given most companies that win, like overstock which has already really won as has eagletech and many others who bought their o/s's, but what will they get. There is a huge chunk of money going to be given out and I think we know who is going to get a huge chunk of that.
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Post by imSINGLEruRICH on Jul 29, 2008 13:38:16 GMT -5
By: leowanta 29 Jul 2008, 02:22 PM EDT Msg. 746491 of 746493 (This msg. is a reply to 746431 by fermat28.) Jump to msg. # C.Cox is NOT going to leave quietly, Hank....
Cox v Paulson/Bernake concerning who will oversee the banks/market, these two regulators fighting over "turf" is GOOD for Americans...Cox has the peddle to the metal....RICO charges before Labor Day...
AWESOME...and the ETHICS COMMITTEE is FINALLY doing their job...congressmen indictments over mortgage fraud...i guess the "impending" abolishment of the government standing on the Declaration of Independence....hummmmmmmmm looks like the ETHICS COMMITTEE actually read the Declaration of Independence....it's so clearly written, a 6 year old could understand it.
Finally, the SEC is doing their job....
"After observing the demise of Fannie Mae (FNM), and Freddie Mac (FRE) last week, it is expedient that the SEC move quickly to abolish the practice of naked short selling for all stocks. Short selling should only be allowed after the short seller has successfully borrowed the shares. The practice of selling shares that cannot be borrowed is a crime!"
FANNIE MAE and FREDDIE MAC....alone is 5 trillion nss (BUSH 15-30% is claimed on all 19 banks, et.al nss that is exposed ....t/y)
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Post by imSINGLEruRICH on Jul 29, 2008 13:44:32 GMT -5
...... we have all been waiting to dance for wayyyyy too long...By: dcamp3376 29 Jul 2008, 12:36 PM EDT Msg. 33149 of 33152(This msg. is a reply to 33139 by seatech3.) Jump to msg. # Hey Mikey, always lurking. Just waiting to dance. What the heck is the holdup!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Post by imSINGLEruRICH on Jul 29, 2008 13:45:48 GMT -5
By: bigdaddie 29 Jul 2008, 12:55 PM EDT Msg. 33151 of 33152 (This msg. is a reply to 33139 by seatech3.) Jump to msg. # seatech3, good afternoon, everyone here. hmmmmmmmm, waiting to hear what the SEC decides todays concerning their temp. restrictions on shorting their Buddy's Banks, course they have to save some of them so they have cushy jobs when they leave the SEC.
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Post by imSINGLEruRICH on Jul 29, 2008 13:47:20 GMT -5
ty luci....
cmkxaholic: Re: Mid-Weekly Buzz Talk 7/24 « Reply #54 Today at 3:05pm » Has anybody heard the latest from Deli? He's saying we should get paid by August 15th. I didn't hear it directly, I heard it second hand. Maybe there is somebody here who heard it directly and can clarify this a bit. Best Regards.
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