Response from ETRADE – you can sell them from your account.

Response from NASD – The Broker settled with you in “book entry” and they carry the liabilities for the settlement failure not you. You can see your shares at any time.

Now you wonder why we have a problem?

BTW James, I guess you totally missed the fact that ETRADE admitted IN WRITING that they would not allow my Proxy vote on shares held in safe keeping. Why do you ignore all issues pertaining to facts.

Hilary Shane – 975 consecutive trades w/fails and not one forced buy-in. No Affirmative Determintaion, and delivery being made only after a convert in the PIPE. A convert off the sale of unregistered securities. Wanna explain that one?

I have no idea what that variation on their ‘naked short scam’ is but truly it’s the same ol same same ol,just like the German stock scam.Funny only a couple years ago all these penny fraud companies Patch represents were bragging about being on the market in Germany then just as quickly they were saying it was a conspiracy.

And the ‘cert’ thing is coming back.This scam got me,EVSC put ads or prs out claiming,(after James Dale Davidson’s tout and dump and consequent rise and collapse of ‘share value’ that Schwab my broker was ‘naked shorting’ me so I must buy a ‘cert’ from transfer agent Alexander Walker a former SEC employee and with years of un-prosecute fraud under his belt,he received $200,000 in freely dumpable shares as an ‘insider’ a year later.

I know the critics here besides me, humor ‘O’Brien’ and Dave Patch as themselves defrauded or deceived ‘investors’.This in my opinion could not be further from the truth.
I am sure that,just like J.D.Davidson they get free shares for promoting these frauds.IT IS SUCKERS LIKE ME WHO ARE DEFRAUDED.I truly believed in a Stanford patent,yet even Stanford’s professors benefitted from the pump and dump assiosted by touting their patents.Where are ethics ?

No,Patch and O’Brien are deceiving you if you believe they really pay Charles Schwab, Ameritrade,et.al.,retail prices for their shares.Isn’t this correct Dave Patch and O’Brien ? Do your shares come from buying through ETRADE et.al. on the ‘open’ ‘retail’ market or do you get discounts ?

‘Your article was so good and so deep! Thank you.

Thanks again for taking a lead role in exposing a huge and important issue.’

Mary Helburn
Executive Director
National Coalition Against Shorting
Cleveland, Ohio – USA

For investment in sums in excess of $100,000 contact Lines Overseas Management.Headquartered in Bermuda with offices in multiple offshore jurisdictions.Lines Overseas Management provides a full range of brokerage and investment banking banking services.For information contact LOM’s head office at 73 Front Street,Hamilton HM 12 Bermuda;phone 441-295-5808.Or visit the LOM page on the World Wide Web at http://www.oceanis.com.

For offshore money management available to Americans as well as other nationalities,contact Strategic Advisors Overseas at PO Box HM 3053,Hamilton,Bermuda.Phone 441-295-1989 or toll free from the United States,800-678-0785.You can also reach Strategic Advisors Overseas at http://www.sao.com.

from :’Soveriegn Individual’ by James Dale Davidson & Lord William Rees-Mogg 1989

‘An individual with high earnings capacity paying taxes at Hong Kong rates could end up with a thousand times more wealth than someone with the same pretax performance paying taxes at North American or European rates.To subject your capital to recurring invasion by a high tax jurisdiction is like running in a race and having someone shoot you every time you take a stride.If you could enter the same race with proper protection and not unhobbled you would obviously go much farther,more quickly.

‘The Soveriegn Individuals of the future will take advantage of the transient inclinations that so offend Christopher Lasch and other critics of the information elite,and they will shop for the most profitable jurisdictions in which to domicile.While this is contrary to the logic of nationalism it accords with a compelling economic logic….’

James Dale Davidson,Founder of National Taxpayers Union,’The Sovereign Individual’

Back to the tried and true, huh? Ignore the facts, ignore the Compudyne case, ignore the companies like NFI that have been perennially depressed and forced to issue secondaries at depressed prices…and make up in volume what you lack in substance.

You just go right back to repeating your baseless take. No new info. No illumination. Just declarations that we are all idiots or crazy because we won’t just accept at face value your allegations, and further ignore all the data that says you are full of it.

How dare we.

Hint: The old technique of repeating a lie over and over until it becomes the truth is a little harder on the Web, where you will be called on it. You conveniently ignore any data you don’t like, and instead repeat ad nauseum your dross – “it’s the company’s fault.”

We get it. You have an agenda to do so. You can’t admit that there are systematic failures being used as a manipulative technique even when you are directed to a research document by Professor Boni, or testimony from Bear Stearns’ counsel, or the SEC’s own statements, or the Compudyne NASD matter, or the reality that is the Reg SHO list. Those things don’t exist in your lexicon.

In short, you aren’t engaged in a discussion – you are filibustering and ranting.

I understand the difference.

And so does anyone still reading this.

I don’t know which is more annoying, your obstinate refusal to acknowledge facts that directly contradict your position, or Tony’s obviously disturbed cut and pasting sessions every night of irrelevancies and lunacy.

At the end of the day, you will likely still be saying the same stuff when the cuffs are going on the hedge fund perps.

You are welcome to your views, no matter how obviously incorrect they are.

Enjoy that.

Your own colleague(below)questions your selection of Global Links Corp. AS A MODEL OF ‘NAKED SHORTING’.Even if you were not mainly out to defraud Americans for your peers and clients,you would have to acknowledge that the ‘naked short scam’ has been used for at least several years to do just that.Have you investigated James Dale Davidson’s fraudulent ‘naans’ or ‘national association against naked short selling’and the history,at least since 2002,of using the ‘naked short fraud’ to deceive investors to go long on penny stock pump and dumps ? Don’t you wish to expose the use of ‘naked shorting’ for fraud in order to lend credibility to ‘real naked shorting’ when and if it occurs ?

Endovasc,for instance,had a 40 for 1 reverse split under Davidson’s involvement.Then he touted with lies(even claiming to a patent that does not exist) in his ‘Vantage Point’ cyberfraud publication.The reverse split left under 3 million shares in ‘theory’ but of course there must be some reason to pay a transfer agent $200,000 as an ‘insider’, wouldn’t you say ? Now since the ‘reverse split’the shares outstanding are near 100 million and they still claim to be victims of naked shorting.(I have a pdf file of a ‘shareholder agreement’ Schwab sent me over a year after the fact that shows,while they were promoting the ‘reverse split’ that would have left less than 3 million shares in existence they were filling a Schwab(LOM?) account with ‘up to 30 million shares for a pump and dump a month before the ‘reverse split’ !!!

The evsc insider tout ‘different_drummer0′ who hangs out lying on rb’s evsc still claims evsc a victim of ‘naked shorting’ and posts your website daily to tout that lie ? Are you proud ? Are you going to use your self-appointed position as foremost expert on ‘naked shorting’ to correct him and ask he stop using your website for fraud ?
Letter to the SEC

by: marionpolk2000 03/20/05 10:15 am
Msg: 283144 of 283184

In a March 15 “Letter to our Shareholders” appearing on the company web site, Frank J. Dobrucki, President/CEO of Global Links Corp. (GLKCE) stated that “our issued and outstanding common is 4,028,362″. On Feb. 28, 2005, the outstanding shares were listed as 1,158,064.

Sometime between Feb. 28 and March 15, the company apparently issued 2,870,298 additional shares. I find no registration statement or other document on file to indicate the issuance of these shares, or any statement anywhere disclosing the consideration paid for these shares.

Since the company has no current financial statements filed, and pulled their former financial statements for rectification by a new CPA, I find it difficult to understand how a prior registration statement (if one ever existed) would still be valid.

In addition, the company has recently undergone two 350:1 reverse stock splits. The company has not disclosed any similar reverse stock split of the 15 million unregistered “B” shares held by company insiders. These shares purport to carry 20 common votes with each “B” share, and conversion rights to 10 common shares for each “B” share converted. If conversion rights, voting rights, or number of “B” shares were not subject to the same reverse split, then public holders rights have seen a diminishment by a factor of 122,500. Prior company filings indicate that common holders were never asked or permitted to vote on these “reverse-splits”, and the substantial elimination of public holders rights was accomplished solely by the vote of Mr. Dobrucki’s “B” shares.

GLKCE is a very actively traded stock. Immediate investigation and action by the SEC is required to protect the investing public.

To quote from the same March 15 “Letter to our Shareholders”, “Global Links Corp. is not the common penny stock company. We actually have millions of dollars in real estate assets.”

I never ever indicated that I had any interest in, or support for, Global Links. I certainly never said that they should be a poster child for naked shorting. So that is a lie. You do that a lot. Lie, I mean. You lie about me being Davidson, you lie about me being a fraudster, you lie about NCANS being related to some other vaguely similar organization…A lot of lying going on in your area there, Tony.

Here’s a clarification:

1) Bennett should immediately require the DTCC/NSCC to disclose the number of failed shares for Global Links. That will end any speculations.

2) Global links should address the wheres and whys of the 2.7 million shares apparently issued since Feb.1. The questions are were any laws violated, and do they have the right to issue more shares without doing a filing?

That’s it. Simple. One question is unrelated to the other. I’ve always maintained that the company could be a complete POS or Mother Teresa, and question number one still applies and is the central question, as far as that company goes, regardless of which.

I am able to make distinctions. One of the distinctions is “are there millions of unauthorized, unregistered shares in the form of fails flooding the system for Global Links?” is unrelated to “is Global Links a bad company with bad managers?”

See? One deals with systemic abuse, and the other is whether the company is a bunch of crooks.

Get it? A) Systemic abuse by DTCC/NSCC/trading desks/non-NSC? B) Company good or bad people?

I tried to break this down in as simple a manner as possible for you. Hopefully it will penetrate the haze and make its way through to your processing area. Or not. I am not hopeful.

Therein lies your problem. As Tony and others keep pointing out to you, very often the two *are* related. It’s that relationship, that marginalizes your cause. Worse, as Tony has also been vainly trying to point out to you, your efforts are providing a convenient alibi for scam companies, thus allowing them to more easily fleece their flock. If you don’t believe me, check out Lee Web’s articles on Stockwatch on CMKM (e.g. http://www.siliconinvestor.com/readmsg.aspx?msgid=21140413). If you wish to persist that these sorts of things are not your problem because you only care about ideology, then I strongly suggest you confine yourself to an ivory tower until someone else has figured out a way to rid the patient of cancer before you attempt to treat their lethargy.

There is NO DOUBT scam companies are using naked shorting as thei rvenue to Pump and Dump. NO DOUBT. The problem is, the SEC and NASD both know and admit that naked shorting also harms some companies. Without proper disclosures, forced settlements, and enforcement by regulators investors are left to guess who is telling the truth and who is not.

The simpliest solution to stop the fraud – FROM BOTH SIDES – would be to merely enforce present securities laws pertaining to short selling and settlements. In an electronic age, 3-day settlement should be the standard with LIMITED exemption. Those exemptions and failures should be clearly supported with documentation as to why a buy-in should not be immediate. Do that any the rigged games become very fair markets.

Market Makers, they should not be given any more than 13 days to come clean with “Bona Fide Market Making” short sales. That also means wash trades to pass thru the fail would not be legal.

Are corrupt companies jumping on this band wagon to defraud – Damn Straight. Is Wall Street guilty of aiding and abetting naked shorting manipulation Damn Straight. The simple answer – Settle trades!!