Porter Stansberry,as you may note from my post above,was litigated against by former SEC lawyer Brent Baker who now represents Patrick Byrne in his litigation against Rocker Partners and or the Sith Lord or whatever.

So now both Baker and ‘famed trial attorney O’Quinn’,(who aided in covering up the illegal Endovasc pump and dump under a false claim of ‘naked shorting’),are defending a stock -OSTK – that neither are claiming in their litigation against Rocker,(or even the Sith Lord for that matter),is a victim of ‘naked shorting. And yet Overstock.com’s CEO Byrne surrounds himself with touters who claim,FOR HIM,that Overstock.com IS being ‘naked shorted’!!!

And while Stansberry, who is coincidentally, VERY connected to James Dale Davidson,as Baker knows so well,is making the same claim for Overstock.com being a victim of naked shorting – ‘Bob O’Brien’ and NCANS ARE BEING PAID TO DO SO !!!

We know that Patrick Byrne is paying Bob O’Brien’s ncans.net to make the claim of being a victim of ‘naked shorting’ just the same ! My personal feeling is that the claim is in part to illegally promote OSTK shares through another Barnum and Baily tout angle, successful or not.

And it may or may not be to divert attention from the float,sell ‘certs’ to suckers who are then dependent upon brokers and transfer agents as the stock is manipulated by insiders,and then convince them some ‘Sith Lord’ ‘naked shorted’ them from Germany.But that has been James Dale Davidson’s strategy for some years and ncans seems to be the same scam as James Dale Davidson’s NAANSS scam all over again.It must have been quite profitable the first time around.

My biggest gripe is that Brent Baker NEVER charged Davidson for what he really did,i.e.-use naked short claim to mask his own illegal pump and dump of Endovasc,Genemax,and other penny stocks.And now in many ways Brent Baker is working with Porter Stansberry,(who he should have convicted),who is now promoting Overstock.com – a company Mr.Baker represents -as a victim of ‘naked shorting’ !!

Mr.Baker and the SEC,had they been doing their jobs in 2002 until he resigned, would have charged all involved with NAANS,as well as Agora Inc. and James Dale Davidson,with using the ‘naked short’ claim for fraud to divert attention from their own illegal pumps and dumps of mainly unaudited shares,(which is why they have made these claims endlessly in the first place),they know the SEC has been inept at auditing shares.And this problem is more between the companies and their transfer agents than the DTCC !!!

You’ll note that Bob O’Brien nor James Dale Davidson nor David Patch nor any of the scoundrels who claim being victims of naked shorting EVER say investigate their transfer agents !!! Why ? Because Davidson,et.al select their transfer agents and pay them well to conceal the float as they pmp and dump then finally cry tears of a crocodile about being victims of ‘naked shorting’.

I’d suggest Mr.Brent Baker examine the Nevada Agency and Trust Co. of former SEC employee Alexander Walker and inquire how much he received for being Endovasc’s ‘transfer agent’ alone.Mr.Baker may decide upon a career change.

Stansberry newsletter re:OSTK part 1
by: lee451 08/21/05 08:58 pm
Msg: 336964 of 336975

I’m just catching up on emails forgive me if someone has posted already, but this is the first financial writer I’ve seen who gives cred to Byrne…

August 19, 2005

THE BLAST: Overstock: An Ultimate Insider vs. Wall Street
By Graham Summers

Corporate conference calls are quickly outpacing film and television as my favorite form of entertainment.

First there was Carl Icahn’s call-in to Blockbuster’s 1Q05 conference call. Starting at the 45-minute mark, Icahn royally roasts CEO John Antioco. His first question isn’t about earnings estimates or EBITDA or any of that stuff. He simply asks if Antioco will put himself and rest of the board up for re-election should none of their 2005 initiatives work. On top of this, Icahn calls Antioco and the rest of management’s recent bonuses “egregious” given Blockbuster’s poor results.

Maybe I’m a financial nerd, but I love this stuff. It’s like professional wrestling in the financial arena. And what a breath of fresh air from hearing whiny Wall Street analysts ask about a one-cent change in EPS for the quarter.

But Icahn’s performance absolutely pales in comparison to that of Patrick Byrne, Chairman and President of Overstock.com (Nasdaq: OSTK). Last week, Byrne presented a solo conference call relating to a lawsuit he recently filed against hedge fund Rocker Partners. In it, Byrne detailed what he called the “Miscreants’ ball” a web of individuals he claims have conspired to crush Overstock’s share price. The list included hedge fund manager David Rocker, mainstream financial journalists at Barron’s, The Wall Street Journal, CBS MarketWatch, financial research firms, and even the SEC and the Department of Justice.

As Byrne himself noted, it sounds like something out of a John Grisham novel.

In its simplest form, hedge fund managers (David Rocker and others) who were shorting Overstock’s stock used financial journalists and research firms in a smear campaign of the company, causing its share price to fall. Behind the entire ordeal was someone Byrne called the “Sith Lord,” a “master criminal” from the 80s, who aimed to complete a hostile takeover of Overstock once it was trading in the $6-$10 price range.

It would be easy to write Byrne off as a nut if he didn’t have affidavits from individuals who were actually involved in the scheme. Byrne claims to have the sworn testimony of individuals who witnessed journalists like Herb Greenberg of CBS MarketWatch and Jesse Eisinger of The Wall Street Journal receiving orders from hedge fund manager David Rocker on what to publish about Overstock. In several cases, Rocker was even allowed to edit the stories that would be published, changing ratings and grades as he saw fit.

Stansberry newsletter re:OSTK part 2
by: lee451 08/21/05 08:59 pm
Msg: 336965 of 336975

Even more disturbing are the numbers relating to Overstock’s trading. Now, brokerage houses are supposed to report how many shares of a company they trade per month. And sometimes, this number is a little off from the actual number of shares that changed hands. After all, we’re talking about thousands, even million of transactions. However, in Overstock’s case, the reported volume was sometimes 100% lower than real market participation. That is, twice as many shares were trading than were reported.

Pretty crazy, huh?
An even more disturbing statistic relates to the size of the current short positions in relation to Overstock’s shares outstanding. Overstock has 18.7 million shares outstanding. Of that, Byrne and his family and friends account for 9.5 million shares. Add in the long positions of the top ten institutions and mutual funds, and you’re at 18.4 million. So there are really only 300,000 shares of Overstock stock available. So how is there a six-million-share short position?

Naked shorting.

Typically, if you want to short a company, you borrow the shares from a brokerage house and then sell them in the market. Back in the old days, this would involve actually moving paper share certificates. But in the modern world of e-trading, it’s merely a click of buttons. Because of this, there has been an increase in naked sho

Seems this isn’t as complex as I originally thought.

Martin Tibbitts

We have been discussing ‘naked shorting’ for some time here and although one might say this is about Patrick Byrne and Overstock.com, well in case you missed it in the excitement about the ‘Sith Lord’etc., this is still all about the O’Brien and Byrne naked short on again,off
again claim and connection.

And one can’t discuss the history of ‘naked shorting’ or the claims being made about it by Bobo and Byrne without bringing in James Dale Davidson and how he used the claim for fraud to mask illegal penny stock pump and dump activities and in my opinion possibly money laundering.

And as if there was not enough confusion by the SEC’s inability or unwillingness to audit shares and the number of shares in the float, particularly of penny stock pumps and dumps, Davidson added further to the confusion in this modern computer era by claiming naked shorting was a problem of the digital age.He conveniently overlooked the fact that paper certificates could be counterfeitted or that
companies’ insiders and their transfer agents could collude for the very reason that they were the parties with whom he colluded in his orchestrated pump and dump activities.This is why he diverted attention also to the supposed corruption of the DTCC,THEY WERE NOT IMPORTANT TO AND POSSIBLY A THREAT OR IMPEDIMENT TO HIS SCAMS.

Actually I came here today only to post chatter
on Yahoo’s OSTK message board again about who is ‘Bob O’Brien’and so that is what is posted below:

Bobo revealed Naked Truth per NY Post
by: k9thunderspg
Long-Term Sentiment: Strong Sell 09/16/05 02:42 pm
Msg: 43203 of 43221

Per NY Post…

Just excerpts as full article require $…

NAKED TRUTH – POST EXPOSES OVERSTOCK ALLY
RODDY BOYD. New York Post. New York, N.Y.: Aug 23, 2005. pg. 033

People: OBrien, Bob, Byrne, Patrick, Saunders, Phillip Ross
Section: Business
Text Word Count 628
Document URL:

Abstract (Document Summary)
A self-employed West Coast businessman operating under the Web pseudonym “Bob OBrien” in investing chat rooms is aligned with Overstock.com CEO Patrick Byrne in his campaign against short- sellers targeting his embattled company.

Saunders is linked to the NCANS site via the Lycaon Group, which, according to Saunders, is a group advising companies under attack from naked short-sellers.

The poster announcing that he had uploaded …

Subj: yet how would Phillip Ross Saunders
By: ncanscam
Date: 09/16/05 03:03 pm

come to plagiarise James Dale Davidson’s
‘NAANSS’ SCAM TO A ‘T’ and claim he’d never heard of Davidson or ‘NAANSS’ before I brought it up ? That’s just one of the paradoxes.Why do so many Davidson connected individuals come out of the woodwork here ?

Why does Davidson connected Porter Stansberry of Agora write articles about OSTK claiming it to be a victim of ‘naked shorting’ now ?
And Howard Hill or hhill who posted on same U.of Colorado message board as Davidson in ‘99 ? And Alan Newman who touted the great
‘naked shorting’ conspiracy in thestreet.com recently also posted there in ‘99.And so did a Geoff Johnston.

And then there is David Patch of ‘investigatethesec’that was started about the time Davidson and Stansberry were coming under SEC pressure for touting Endovasc and Genemax,(named for Davidson’s ‘newmax’?),and around the time Davidson,Brent Pierce,and Grant Atkins closed ‘NAANSS’ down.Patch was also touting Genemax on Ragingbull gmxx message board under various aliases just as he is ‘repeat05′ on rb jagh board at the moment.That is where news of a letter-ad in Washington Post of Feb.8 appeared a day in advance.

Both Dave Patch and Alan Newman contribute scam naked short articles to ncans.net.I can
find no connection between any of these characters and a P Saunders.Not saying there isn’t one,no I’m not gonna do it,but there IS a connection between all of them and James Dale Davidson.

None of these stuff is new, it’s just getting more media attention in the latest few years. Stock fraud has been going on since the stock market started.

Accounting methods are way to ambiguous.

According to the lawsuit filed by a pharmaceutical company he is accused of stealing trade secrets, impersonating a stockbroker, and associating himself with a fake brokerage operation.

Also sued? Here’s what’s amazing to me: The National Association of Securities Dealers Inc. and its subsidiary NASD Regulation. Also named in the suit are:

The Mix Group of South Florida Inc.
Robert Bettes a/k/a Robert O. Brewer
John V. Firo a/k/a Thomas V. Faro
Talon Holdings, Inc.
Mohammed Galani

The 4-count complaint filed in the Benton County Circuit Court is being heard by a judge that just finished a large Wal Mart case.

Dr. Summers of Endovasc is listed in a footnote in Count 1 as being related to Lochrie, but is not sued at this time.

The case number is CV2006-1095-1 styled Shimoda vs. Talon et al.

This one may be worth watching closely as Mr. Lochrie is now on the hot seat.

http://registeredrep.com/news/Company_Sues_NASD/

So much for “market integrity.” The NASD has been caught short. They have clearly destroyed records relating to fake broker-dealerships they helped the FBI establish and fake registered rep credentials they also provided. That the NASD would erase and shred should surprise no one. They are a part of the problem, not the solution.

This “Lochrie” person is without doubt trading with the FBI. Only someone with “protection” could have operated the RCAB and NANN scams for as long as he has without going to prison.

It’s time that the registered reps and brokerages of this nation DEMAND reform at the NASD.

This is the story:

In Switch, Company Sues NASD For Fraud

Kristen French

Jun 8, 2006 6:52 PM

In an unlikely lawsuit, a private company is suing the NASD for securities fraud. A small cancer-research firm called Shimoda-Atlantic, based in Bentonville, Arkansas, filed a lawsuit against the NASD on Wednesday because, the company says, the self-regulatory organization helped several men, allegedly employed by the FBI, to create and perpetrate a fraudulent securities scheme against the company.

According to the lawsuit, filed by attorney John Dodge of Little Rock Arkansas, “NASD senior managers and/or Directors instructed subordinate staff at NASD in Dallas, Texas, in Washington D.C., and in New York City, New York, to create false registrations for these defendants, all the while knowing that they were intentionally facilitating bogus operations and operators, regardless of their ulterior motives.” What’s more, the NASD allowed the defendants to operate without a fidelity bond in place — something that is supposed to cover monetary damages to an injured third party — violating NASD Rule 3020, the suit alleges.

The NASD declined to respond to repeated questions about the case, or about cooperation between the regulatory body and the FBI, saying it doesn’t comment on pending litigation. The Arkansas offices of the FBI said they had been instructed to direct all inquiries on the matter to the Washington FBI offices, which could not immediately respond to requests for comment.

According to Shimoda’s FDA compliance officer, Jim Bolt, Shimoda was first approached over email by John Firo in April of 2005. After a year of negotiations, on May 9, 2006, Shimoda signed a $3 million private placement agreement with one of the defendants, Mohammed Galani, allegedly a wealthy man from Dubai. The next day, May 10, Bolt says the FBI came to Shimoda’s offices, told them the deal was off, that they had been dealing with “enforcement officers” and handed them a grand jury subpoena for all of their corporate records, patient records and computer hard drives.

Shimoda also alleges that the NASD, when it got wind of the potential lawsuit, began erasing records of the registrations it provided to the broker/dealer and one of the agents. (According to the lawsuit the NASD issued defendant Talon Holdings with CRD# 126778, and issued defendant John V. Firo with CRD# 4654582. Shimoda provided Registered Rep. with a faxed copy of a former CRD for the broker/dealer and says it called the NASD broker-check numerous times before doing business with Talon to verify that the firm had a clean record. But “Talon Holdings” and Firo no longer exist in the NASD’s official CRD database, records that the NASD says are never eliminated.)

The lawsuit alleges that in the process of securing the financing from Talon, Shimoda turned over proprietary and trade-secret data to the defendants, one of whom — Lochrie — is engaged in competitive business operations through pharmaceutical companies of his own. In addition, they say, if they hadn’t been contacted by Talon they would have secured financing from other sources.

Why would the NASD and the FBI want to trick Shimoda? Bolt says they have several theories about that, but he’s not sure. “When people start shredding files, they have something to hide,” says Bolt.

Even if its true whats that got to do with the NASD and the FBI running fake brokerages for 11 years or so? Hunh?