Comments on: Naked Shorting – The Real Bad Guys http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/ the mark cuban weblog Mon, 15 Mar 2010 08:18:32 +0000 http://wordpress.com/ hourly 1 By: Tamara B. Latham http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14110 Tamara B. Latham Tue, 18 Sep 2007 15:17:46 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14110 USXP.OB, Universal Express, suing the SEC with respect to Naked Short Selling. See the article concerning Mr. Altamare taking on the SEC at the link below.<br><br><a href="http://biz.yahoo.com/iw/070904/0297745.html" rel="nofollow">http://biz.yahoo.com/iw/070904/0297745.html</a><br><br>Naked short selling is not only illegal, but a disgrace, and should be outlawed. This practice is ruining upcoming promising companies.<br><br>Why does everything American have to be a way to screw people out of money? Why does everything American have to be a scam? USXP.OB, Universal Express, suing the SEC with respect to Naked Short Selling. See the article concerning Mr. Altamare taking on the SEC at the link below.

http://biz.yahoo.com/iw/070904/0297745.html

Naked short selling is not only illegal, but a disgrace, and should be outlawed. This practice is ruining upcoming promising companies.

Why does everything American have to be a way to screw people out of money? Why does everything American have to be a scam?

]]> By: harveydawabbitt http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14109 harveydawabbitt Mon, 10 Sep 2007 20:14:54 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14109 there is most certainly corruption in our markets today.<br>whether it is called naked short selling or counterfeit shares <br>i do not care.<br>what i do care about is the small investors losing their money due to this corruption,and the crooks lining their pockets with the ill gotten gains with impunity. when the sec fines goldman sachs 2 million dollars for stock manipulation, one can reasonably draw the conclusion that the sec may be in bed with the crooks. some call fines like this the \"cost of doing business\" when top hedge fund managers make 210 grand an hour, there is something horribly wrong with the system.<br><br>reg sho has been changed i hope the change will effect a positive outcome. there is most certainly corruption in our markets today.
whether it is called naked short selling or counterfeit shares
i do not care.
what i do care about is the small investors losing their money due to this corruption,and the crooks lining their pockets with the ill gotten gains with impunity. when the sec fines goldman sachs 2 million dollars for stock manipulation, one can reasonably draw the conclusion that the sec may be in bed with the crooks. some call fines like this the \”cost of doing business\” when top hedge fund managers make 210 grand an hour, there is something horribly wrong with the system.

reg sho has been changed i hope the change will effect a positive outcome.

]]> By: jake wolf http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14075 jake wolf Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14075 Naked shorting or not, Bryne can't get accurate earnings out to the public in a timely matter, has trouble with technology, is running out of cash (what's with the foreign currency hedge baloney?), and uses more analogies than the SAT's. As soon as the real numbers come out, longs will be running for the doors, shorts will cover all the way down, and then patty can take his baby private with daddy's money. And then he can run for president. http://www.compound1000.blogspot.com Naked shorting or not, Bryne can’t get accurate earnings out to the public in a timely matter, has trouble with technology, is running out of cash (what’s with the foreign currency hedge baloney?), and uses more analogies than the SAT’s. As soon as the real numbers come out, longs will be running for the doors, shorts will cover all the way down, and then patty can take his baby private with daddy’s money.

And then he can run for president.

http://www.compound1000.blogspot.com

]]> By: Tony Ryals http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14076 Tony Ryals Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14076 In my comments to the SEC of December 2003 regarding Reg Sho I took the opportunity to complain about the group in Blaine,Washington called ICI or 'NAANSS',(National Association Against Naked Short Selling),located in the same office that housed James Dale Davidson's, Brent Pierce's,and Grant Atkins' Genemax,(named for Davidson's newsmax.com ?),penny stock pump and dump operation.I cited Gary Weiss' Businessweek article at the time,'Don't force the shorts to get dressed',that pointed out the shared office space and phone between Genemax and 'NAANSS'. I also stated that while I opposed naked shorting I had nothing against conventional short selling.I can't claim much knowledge of stocks or I would not have gotten ripped off by Endovasc and Davidson and their 'anti-naked shorting' scam in the first place,it's just that I now know Endovasc's collapse of share price was not a result of 'naked shorting' but of an illegal pump and dump. Had the 'company' not dumped all those shares into the float, (which never appeared in SEC filings until it was too late for me),the share price collapse would not have occured,or at least not so dramatically,even if the company was a scam or earned no income.But then without Davidson's promotions including through his Agora Inc.'s 'Vantage Point' etc. the share price of Endovasc and even more so Genemax would not have risen so sharply before and during the dumping. I personally see no need for allowing naked shorting when conventional shorting should accomplish the same purpose while not punishing companies that opt for a small float,which would also assure they are not running a pump and dump fraud.If a company makes a decision to keep a low float to maintain a higher share value,they should not be punished by the dumping of 'naked shorts'. However this appears to be a very small problem in relation to pump and dump scams that use fraudulent naked shorting claims to cover up or distract from their pump and dump activities.I believe the SEC is knowingly allowing these penny stock scams to aid fraud and money laundering,perhaps even more now than before 911. Why ? Bellador Group of Kuala Lumpur and Dubai is a good example that not only ran a boiler room op with an undisclosed amount of Endovasc shares but has even recommended SRA International,a CIA invested company doing work for Homeland Security,the Iraq occupation,the NSA,the SEC,the GAO,the Navy and virtually ALL government bureaucracies. Why ? I'm sure many of you could think of more deserving and more qualified IT companies in Silicon Valley or elsewhere who could out compete and outperform the pos called SRA International AND IF IT WERE NOT A RECIPIENT OF MASSIVE CORPORATE WELFARE DUE TO ITS CIA AND NSA ETC.CONNECTIONS IT WOULD COMPETE WELL WITH BYRNE'S OSTK FOR POS STOCK OF THE DECADE. And SRA International is the creator of anti-money laundering spinoff Mantas Inc. ! Mantas is the AML or anti-money laundering company that allowed Charles Schwab,Endovasc,James Dale Davidson and LOM of Bermuda to get away with massive illegal pump and dump activities. In that light and in light of proof I have provided regarding the Schwab Endovasc pump and dump account should they be trusted with 100% of government IT contracts ? ! I don't think they should. Further SRA International has been recommended or touted by Bellador Goup boiler room to its offshore clients ! This is the company the CIA uses to provide those daily briefings to the President of the U.S. folks ! And although it developed AML software for use by major banks and brokerages its shares are touted and possibly manipulated by a boiler room in Dubai and Kuala Lumpur and Bellador Group's Arizona lawyer Ron Logan swears Endovasc's shares,that Bellador dumped who knows where,were 'naked shorted' !! What the heil is going on ?! Have I entered the twighlight zone ? I do think money laundering may be involved with Endovasc shares but the SEC refuses to audit penny stock shares,registered or not. No wonder the criminal CEOs feel so confident to blame everything on 'naked shorting'.If you can't do,or refuse to do,a 'share-money' audit you can never detect illegal pump and dump activities,much less money laundering activities ! I have mentioned elsewhere that I believe any plagiarism expert would would realise immediately that the 'NCANS' acronym is a plagiarism of the 'NAANSS' acronym.And further even the whole scam is a plagiarism of the entire NAANSS scam such as recommending the behavior to 'buy certs' to protect yourself from 'electronic counterfeiting or 'naked shorting' from Charles Schwab,Refco,Ameritrade et.al.. I believe the probability of 'Bob O'Brien' and Patrick Byrne, et.al.reinventing James Dale Davidson's,et.al.'s fraudulent NAANSS scam,while never having heard of NAANSS or Davidson as they have claimed, is highly unlikeley.It is more absurd than Davidson's past claim that Clinton killed Vince Foster' based upon an Oxford handwriting expert he paid to say Vince Foster's suicide note was a fraud. A plagiarism expert would probably not believe Bob O'Brien's claim of never having heard of James Dale Davidson or NAANSS before I brought them to Bob O'Brien's attention here last year. And yet neither James Dale Davidson nor Agora Inc. have complained about others using a scam they invented.Why ? When Bob O'Brien or Patrick Byrne started the rumor that Milken was the 'Sith Lord' Mr.Milken felt a need to make a public denial and yet James Dale Davidson has remained silent. Why ? And although Davidson and attorney John O'Quinn swore that Genemax and Endovasc pump and dump scams were really the victims of 'naked short selling' by Charles Schwab, Refco and Ameritrade.We now know that Charles Schwab really hosted a pump and dump account and that either Mantas Inc.'s anti-money laundering software doesn't work or someone didn't use it at the time the Endovasc dump from a Schwab account went down in late 2002. I believe unfortunately the 'naked shorting' scam is a Beltway scam and perhaps even some within the SEC are covering up.So my own government may be not only aiding in the ripoff but are knowingly allowing money laundering,post 911,with unaudited penny stock shares.Ex-SEC attorney Brent Baker even appears to be profiting from the cover up of the very 'anti-naked shorting' scam he should have convicted Davidson for operating had he even charged him. Now Mr. Baker has a nice job with Overstock.com's and NCANS' Patrick Byrne.Is there a James Dale Davidson connection ? Overturning the SEC's Reg S would have been much more helpful than creating Sho in my opinion and then allowing it to be used for more fraudulent naked short selling claims.The fact that both the SEC and NCANS remain silent about SEC's Reg.S says to me they both approve of it even though repealing it would put many offshore pump and dump and money laundering scams out of business.Why ? In my comments to the SEC of December 2003 regarding Reg Sho I took the opportunity to complain about the group in Blaine,Washington called ICI or ‘NAANSS’,(National Association Against Naked Short Selling),located in the same office that housed James Dale Davidson’s, Brent Pierce’s,and Grant Atkins’ Genemax,(named for Davidson’s newsmax.com ?),penny stock pump and dump operation.I cited Gary Weiss’ Businessweek article at the time,’Don’t force the shorts to get dressed’,that pointed out the shared office space and phone between Genemax and ‘NAANSS’.

I also stated that while I opposed naked shorting I had nothing against conventional short selling.I can’t claim much knowledge of stocks or I would not have gotten ripped off by Endovasc and Davidson and their ‘anti-naked shorting’ scam in the first place,it’s just that I now know Endovasc’s collapse of share price was not a result of ‘naked shorting’ but of an illegal pump and dump.

Had the ‘company’ not dumped all those shares into the float, (which never appeared in SEC filings until it was too late for me),the share price collapse would not have occured,or at least not so dramatically,even if the company was a scam or earned no income.But then without Davidson’s promotions including through his Agora Inc.’s ‘Vantage Point’ etc. the share price of Endovasc and even more so Genemax would not have risen so sharply before and during the dumping.

I personally see no need for allowing naked shorting when conventional shorting should
accomplish the same purpose while not punishing companies that opt for a small float,which would also assure they are not running a pump and dump fraud.If a company makes a decision to keep a low float to maintain a higher share value,they should not be punished by the dumping of ‘naked shorts’.

However this appears to be a very small problem in relation to pump and dump scams that use fraudulent naked shorting claims to cover up or distract from their pump and dump activities.I believe the SEC is knowingly allowing these penny stock scams to aid fraud and money laundering,perhaps even more now than before 911. Why ?

Bellador Group of Kuala Lumpur and Dubai is a good example that not only ran a boiler room op with an undisclosed amount of Endovasc
shares but has even recommended SRA International,a CIA invested company doing work for Homeland Security,the Iraq occupation,the NSA,the SEC,the GAO,the Navy and virtually ALL government bureaucracies. Why ? I’m sure many of you could think of more deserving and more qualified IT companies in Silicon Valley or elsewhere who could out compete and outperform the pos called SRA International AND IF IT WERE NOT A RECIPIENT OF MASSIVE CORPORATE WELFARE DUE TO ITS CIA AND NSA ETC.CONNECTIONS IT WOULD COMPETE WELL WITH BYRNE’S OSTK FOR POS STOCK OF THE DECADE.

And SRA International is the creator of anti-money laundering spinoff Mantas Inc. ! Mantas is the AML or anti-money laundering company that allowed Charles Schwab,Endovasc,James Dale Davidson and LOM of Bermuda to get away with massive illegal pump and dump activities.
In that light and in light of proof I have provided regarding the Schwab Endovasc pump and dump account should they be trusted with 100% of government IT contracts ? ! I don’t think they should.

Further SRA International has been recommended or touted by Bellador Goup boiler room to its offshore clients ! This is the company the CIA uses to provide those daily briefings to the President of the U.S. folks ! And although it developed AML software for use by major banks and brokerages its shares are touted and possibly manipulated by a boiler room in Dubai and Kuala Lumpur and Bellador Group’s Arizona lawyer Ron Logan swears Endovasc’s shares,that Bellador dumped who knows where,were ‘naked shorted’ !! What the heil is going on ?! Have I entered the twighlight zone ?

I do think money laundering may be involved with Endovasc shares but the SEC refuses to audit penny stock shares,registered or not. No
wonder the criminal CEOs feel so confident to blame everything on ‘naked shorting’.If you can’t do,or refuse to do,a ’share-money’
audit you can never detect illegal pump and dump activities,much less money laundering activities !

I have mentioned elsewhere that I believe any plagiarism expert would would realise immediately that the ‘NCANS’ acronym is a plagiarism of the ‘NAANSS’ acronym.And further even the whole scam is a plagiarism of the entire NAANSS scam such as recommending the behavior to ‘buy certs’ to protect yourself from ‘electronic counterfeiting or ‘naked shorting’ from Charles Schwab,Refco,Ameritrade et.al..

I believe the probability of ‘Bob O’Brien’ and Patrick Byrne, et.al.reinventing James Dale Davidson’s,et.al.’s fraudulent NAANSS scam,while never having heard of NAANSS or Davidson as they have claimed, is highly unlikeley.It is more absurd than Davidson’s past claim that Clinton killed Vince Foster’ based upon an Oxford handwriting expert he paid to say Vince Foster’s suicide note was a fraud.

A plagiarism expert would probably not believe Bob O’Brien’s claim of never having heard of James Dale Davidson or NAANSS before I brought them to Bob O’Brien’s attention here last year.

And yet neither James Dale Davidson nor Agora Inc. have complained about others using a scam they invented.Why ? When Bob O’Brien or
Patrick Byrne started the rumor that Milken was the ‘Sith Lord’ Mr.Milken felt a need to make a public denial and yet James Dale Davidson has remained silent. Why ?

And although Davidson and attorney John O’Quinn swore that Genemax and Endovasc pump and dump scams were really the victims of ‘naked short selling’ by Charles Schwab, Refco and Ameritrade.We now know that Charles Schwab really hosted a pump and dump account and that either Mantas Inc.’s anti-money laundering software doesn’t work or someone didn’t use it at the time the Endovasc dump from a Schwab account went down in late 2002.

I believe unfortunately the ‘naked shorting’ scam is a Beltway scam and perhaps even some within the SEC are covering up.So my own
government may be not only aiding in the ripoff but are knowingly allowing money laundering,post 911,with unaudited penny stock shares.Ex-SEC attorney Brent Baker even appears to be profiting from the cover up of the very ‘anti-naked shorting’ scam he should have convicted Davidson for operating had he even charged him.

Now Mr. Baker has a nice job with Overstock.com’s and NCANS’ Patrick Byrne.Is there a James Dale Davidson connection ?

Overturning the SEC’s Reg S would have been much more helpful than creating Sho in my opinion and then allowing it to be used for more fraudulent naked short selling claims.The fact that both the SEC and NCANS remain silent about SEC’s Reg.S says to me they both approve of it even though repealing it would put many offshore pump and dump and money laundering scams out of business.Why ?

]]> By: tender Lee http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14077 tender Lee Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14077 tony that was excellent journalism. I guess you have it all figured out. That's it. tony that was excellent journalism.
I guess you have it all figured out.
That’s it.

]]> By: tender Lee http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14078 tender Lee Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14078 What's amazing is that after this blog was created, NCANS showed up immediately and called itsstrange and others names for disagreeing with him. You know that they have read every single post here, why have they not yet disputed anything here? I guess its all true here or else in their typical fashion would have denied these comments. I can't see how much longer that they will allow such comments to go unchallenged? Just for the record , I could care less about any of this. Who ever has the most money will always be fine. Its just that I feel like I am making a contribution to AMERICA to keep DIGNITY AND INTEGRITY IN OUR MARKETS! The speed at which information is moving today has changed the whole dynamic regarding valuations and speculation. If a company is a dead duck, its not personal. You're not the first person who WALMART put out of business and you won't be the last. Walmart is your SITH LORD. Michael Jordan missed a lot of shots. The more he missed the better he got at it . I think the CEO should Resign Monday morning while the market is closed and spend the entire day Monday on CNBC apoligizing for trying to be cute and just chalk it up to inexperience. He should apologize to the UNITED STATES OF AMERICA..... and hey, you're only 44 yrs old. Try it again. Next time invest money on INTELLIGENT MANAGEMENT. It no big deal. But you continuously throw Spears at people that have been doing this far longer than you. You actually ATTACK the UNITED STATES SECURITY INDUSTRY!. That is terrible that you make such remarks. Just face it that you lost and Build Worldstock privately. SO what! you LOST. ITS NOT A BIG DEAL. DON't BE A SORE LOSER..... BE HUMBLE......Learn Humility without your wallet. Do you realize Men and Women are overseas right now so that you wake up every morning and live in this country free as a bird. You are attacking the Media and everyone else and you haven't the foggest idea on how to relate to the rest of the World's true Reality. You are stubborn,spoiled,immature and EXTREMELY GREEDY! You need help. You have had very deeply emotional experiences in your life and you may not have yet totally healed mentally. As far as Bobo.....i wonder if he drinks? let's see how long it takes for them to show up? What’s amazing is that after this blog was created, NCANS showed up immediately and called itsstrange and others names for disagreeing with him. You know that they have read every single post here, why have they not yet disputed anything here? I guess its all true here or else in their typical fashion would have denied these comments. I can’t see how much longer that they will allow such comments to go unchallenged?

Just for the record , I could care less about any of this. Who ever has the most money will always be fine. Its just that I feel like I am making a contribution to AMERICA to keep DIGNITY AND INTEGRITY IN OUR MARKETS! The speed at which information is moving today has changed the whole dynamic regarding valuations and speculation. If a company is a dead duck, its not personal. You’re not the first person who WALMART put out of business and you won’t be the last. Walmart is your SITH LORD. Michael Jordan missed a lot of shots. The more he missed the better he got at it . I think the CEO should Resign Monday morning while the market is closed and spend the entire day Monday on CNBC apoligizing for trying to be cute and just chalk it up to inexperience. He should apologize to the UNITED STATES OF AMERICA….. and hey, you’re only 44 yrs old. Try it again. Next time invest money on INTELLIGENT MANAGEMENT.
It no big deal. But you continuously throw Spears at people that have been doing this far longer than you. You actually ATTACK the UNITED STATES SECURITY INDUSTRY!. That is terrible that you make such remarks. Just face it that you lost and Build Worldstock privately. SO what! you LOST. ITS NOT A BIG DEAL. DON’t BE A SORE LOSER…..
BE HUMBLE……Learn Humility without your wallet.

Do you realize Men and Women are overseas right now so that you wake up every morning and live in this country free as a bird. You are attacking the Media and everyone else and you haven’t the foggest idea on how to relate to the rest of the World’s true Reality. You are stubborn,spoiled,immature and EXTREMELY GREEDY!
You need help. You have had very deeply emotional experiences in your life and you may not have yet totally healed mentally. As far as Bobo…..i wonder if he drinks?

let’s see how long it takes for them to show up?

]]> By: Yokle Shiestkopf http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14079 Yokle Shiestkopf Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14079 I called my broker and told him to short google. I wasn't wearing clothes: is this naked shorting? I called my broker and told him to short google. I wasn’t wearing clothes: is this naked shorting?

]]> By: Jimmy Lim http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14080 Jimmy Lim Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14080 Writen and narrated by Overstock.com CEO Patrick Byrne. If these don't freak you out, you're not paying attention: http://www.businessjive.com/nss.aspx Writen and narrated by Overstock.com CEO Patrick Byrne. If these don’t freak you out, you’re not paying attention:

http://www.businessjive.com/nss.aspx

]]> By: James Brownfield http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14081 James Brownfield Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14081 Overstock's 10-Q's are a lot freakier. http://www.sec.gov/cgi-bin/browse-edgar?type=10&dateb=&owner=include&count=40&action=getcompany&CIK=0001130713 Overstock’s 10-Q’s are a lot freakier.

http://www.sec.gov/cgi-bin/browse-edgar?type=10&dateb=&owner=include&count=40&action=getcompany&CIK=0001130713

]]> By: Mike Carroll http://blogmaverick.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14082 Mike Carroll Mon, 28 Aug 2006 11:04:42 +0000 http://blogmaverick.wordpress.com/2006/02/15/naked-shorting-the-real-bad-guys/#comment-14082 Dude, you are so my hero!! I'm envious of your ability to really PISS people off while being innovative.. over and over again.. Keep it up Bro!! Dude, you are so my hero!! I’m envious of your ability to really PISS people off while being innovative.. over and over again..

Keep it up Bro!!

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