Look, there are two separate issues here, ok? And the problem is that you are mixing them up. First, is there something illegal going on in terms of SHO? If yes, and you have the evidence, sue the bastards. If no, then there is no discussion. AFAIK OSTK nor anyone tied to them has provided any evidence nor taken any practical steps in this manner. All we've had have been vague innuendo and allegations out the wazoo. The second issue is the state of the company. Lets face it, OSTK is a terrible company and it is run by an inept and imho, mentally disturbed individual who deserves our sympathies and a thorazine drip. This is why it is targeted by short sellers. What I object to is the whole cabal/Sith/conspiracy theories crap and saying that the problems of the company are the fault of the short sellers. ok got that? You want to get people's attention? you want to fix the system? Prove one Goddamn thing! Offer one frackin' piece of evidence! You can't? you won't? Then you've got nothing.
The OSTK 'everybody hates us' crowd loses a lot of credibility by not posting actual confirms and emails proving brokers cannot/ will not deliver certs. Prove your claims and folks will listen. The endless 'trust me' stuff is getting old.
OMG....ur kidding right... have you done any research???? and i didnt mix up a fucking thing.. i just happen to recognize the dynamics at play... and re: conspiracies... they happen all the time... come on ppl.... i was right as hell about the bush cabal and their weapons of mass destruction... that was a conspiracy.. i.e. they had a complicit media to help with their lies. then when they get busted... nothing happens???? lmao... how stupid can you ppl be??? do the research on this shit... it is BRAZENNNNNNNNNNNNNNNNNN ask yourself why cnbc/nbc spiked the story???? come on.... who cares about the fundamentals of the company.. i know i dont... thats not the point... i just want the hedge funds to sell short legally... then i will shut up. deliver the fucking certificates... and i will shut up. cnbc/nbc run the story and i will shut up!!!! senator shelby do his job and i will shut up. talk about mixing things up... did you read cramers hit piece??? he mixed in legal and illegal shorting.. the guy acts psychotic.... yet ppl believe him... i am not making this stuff up.
I've been after more disclosure, because everyday investors get screwed, and if you kill all the ducks, you don't get to hunt anymore. When you go turn stuff over to any agency from DOJ to any State, they say, we'll tell you if we don't find anything. Otherwise, it's on. Guess what. No one has heard "we didn't find anything yet." Now, I"ve been after the "Investigate" site to publish who is hitting the web site. FOr months, the names have been popping up, and they are very, very interesting. You';ll have to be content with them for tonight. But, you'll see fireworks when you least expect it, so come on, keep shorting. I should say naked short, because you can't get a clean borrow. Two prices in OSTK. $28 they write your name on a piece of paper.. Certs are available at around $35. Let's see what Market Survellience says about that. And now, Stockgate Today.........
STOCKGATE TODAY An online newspaper reporting the issues of Securities Fraud Big Brother is watching; Literally â January 12, 2005 David Patch Naked Shorting, the most secret stock market fraud ever to dominate our markets, has some concerned US Federal Agencies monitoring the public interest and public sentiment. While heralded Financial News sources such as TheStreet.com (Nasdaq: TSCM), Dow Jones (NYSE; DJ) and the full gambit of Time Warner Affiliates (NYSE: TWX) continue denying the existence of a problem, Stockgate Today is attracting a continuous flow of Federal Agencies looking to monitor the situation. Big Brother is watching and paying attention to Stockgate Today as the âproâsâ stumble at the opportunity to grasp the story and run with it. Now documented in a special section located at TheSanityCheck.com is a sample of the captured Federal, State, and Regulatory interests in the Stockgate Story. Included with the data are the Wall Street Institutions and the Private Legal Counsel that represent these Institutions. And not to be forgotten, we have the Financial Press. Those lackeys who deny the Stockgate problem exist but monitor the activities of the site anyway. For the past several years, Stockgate Today has monitored who our visitors are to the online petition located at www.investigatethesec.com. The list was impressive as nearly every Federal Agency and major Wall Street Institution have become our regulars. Thatâs right regulars. What is presented by the Industry, Regulators, Congress, and a controlled media as a non-issue has a regular readership of those most involved in hiding the story. As an example of a typical financial media response to this issue, in a RealMoney.com article published on December 30th, 2005 titled âIn 2006; Donât Blame the Shortsâ Jim Cramer had this to say; âThere is this whole cottage industry of people who know nothing about the mechanics of Wall Street, meaning people who have never spent time in margin, in reconciliation, in the cage, in stock loan, and don't know how things work. They keep writing and talking as if having no such thing as naked shorting would make the world quite different and more positive.â A âCottage Industryâ that seems to have a following of concerned parties. If you chose to, venture over to TheSanityCheck.com and follow the link to the section titled âWeb Blogs, Big Brotherâ¦â or follow the link provided (http://thesanitycheck.com/WebLogsBigBrother/tabid/89/Default.aspx). Open up the document and peruse through the captured visitors. Here are some I enjoy the most; From Big Brother himself we have the US Senate, US House of Representatives, and the Securities and Exchange Commission. You would expect that as each has a personal stake in the markets activities. But then there are those other agencies that make you say huh! Captured on record is the Department of Justice, US Treasury, and US Federal Reserve. There is also the US Courts, US Prison Service, Internal Revenue Service, General Services Administration, and of course the US Postal Service. I wonder if the USPS is looking at those account statements mailed out talking of trade settlement and considering them as mail fraud when the settlements are now confirmed to have never taken place. From Wall Street we can find our cornerstones in Goldman Sachs, Bear Stearns, Merrill Lynch, Fidelity, and Bank of America. Wells Fargo, Wachovia, Smith Barney, and AG Edwards are our most frequent visitors with either friend or foe closely monitoring the situation. vFinance, TD Waterhouse, Charles Schwab, Westminster Securities, and Knight Securities check in from time to time as does other smaller known firms. Even the Options Clearing Corporation and the London Clearing House have made infrequent appearancesyet appearances still the same. With Wall Street comes protective lawyers and we have several of those that like to check in from time to time. We left most out of the display but the list is extensive. The Legal Teams of Stradley Ronan; Davis, Polk & Wardell; Kasowitz, Benson, Torres & Friedman, Loeb & Loeb LLP, Warner, Norcross, & Judd, Clearly Gottlieb, Gibson, Dunn & Crutcher, Morgan Lewis, and RW Baird have all been to visit as have many others. But then most interesting are those regulatory agencies responsible for stopping this mess. The SEC (already mentioned) is probably running second only to the Depository Trust Clearing Corporation in site monitoring. The Depository Trust, for all their chest thumping innocence, seems to be somewhat obsessed with a site that rarely even speaks of them anymore, a special hello to the DTCCâs own Stuart Goldstein and Larry Thompson. We even get that rare occurrence from the Ontario Securities Commission who checks in along with other Canadian Government Agencies. The question to ask after viewing this document, based on this tremendous list of regular observers, is why? Why is there so much high level interest in monitoring a web site that is simply being operated by the tin-foil hat crowd of âCottage Industry Peopleâ? Could it be that this âCottage Industry of people are not so off base after all? That this group, to the confusion or lack of real investigation by Mr. Cramer, has on its team Brokers, Analysts, and Back Office Personnel that really do know a thing or two about how the market operates. Or is it the There are Stock Loan Officers and a former manager at the DTCC that has accurately provided the insight into this abuse. Or maybe it is the former SEC attorneys who recently left their posts to come over to the other side to assist in ferreting out this problem. Maybe, just maybe, the story is real. With all the financial press interest in this site you would also wonder why they too canât figure it out. Heck, they are supposed to be the Proâs. Why then donât these reporters and columnists take the time to research a problem that is clearly in existence? NASD CEO Robert Glauber recently announced his intent to resign at years end. His replacement, Mary Shapiro, was quoted in the Dow Jones just recently highlighting the NASD focus for 2006. On top of the list was PIPE transactions and naked shorting. Another subtle announcement that the problem that doesnât exist has people worried. Go look for yourself. Log on to www.TheSanityCheck.com for a view of the Visitor Log and go to www.investigatetheSEC.com and see what all the fuss is about. Remember folks, this is just a sample. Imagine what the real picture looks like. For more on this issue please visit the Host site at www.investigatethesec.com . Copyright 2006
Hahahaha...the "pro's" have been shorting the balls off of OSTK for the last 15-20 points (or more). Your conspiracy crap is getting old and tired. Complain all you want about "naked shorting". Until someone comes along and does something to prevent it, you might as well quit whining and actually make some money from it. P.S.--- If your dogshit company (OSTK) could actually meet or beat an earnings estimate, then maybe the shorts would get squeezed....but until then, the shorts will own this POS.
I read the email exchange and found Byrne's answers to be antagonistic and not giving out real details a person can latch on to. But the other thing that really struck me, is that here is a CEO billionaire, who can pick up the phone and pretty much get any head of any broker on the phone and he doesnt. He can also call up CNBC or Bloomberg or whoever he wants to and say I'm going to lay it all out for you, in black and white with my CPAs, my lawyers my PR folks. When can I get an interview? Or if he feels he wont be treated fairly, he can take out full page ads in any newspaper, any magazine or buy commercials on any TV station he wants to and run his story himself. Endlessly. His wealth can buy lots of TV and radio time. But he doesnt. He seems to rely on 'leaked' emails, and anonymous posters, anonymous websites, anonymous blogs to get his story out. It just seems odd that a billionaire, like other billionaires before him, wouldnt launch WW3 if he was so maligned by the press, gov't and brokers. To me, thats what I dont get in this whole story. Why isnt he out there proving his point to the public? Which he can afford to do. If hes right, OSTK price will skyrocket, so he'll more than get all his money back.
hell why bother with the stock market ??? with your grand morals just go for the big money and start dealing drugs. i mean if its just wealth you desire why not??? screw the laws and the suffering it may cause.... its just about the money to you isnt it?
TomColeRepliedTo I had him call his broker and ask for a "buy in". Told him his traders didn't buy it in because there weren't 50000 shares available. Stocks on the sho list are mandatory buy ins after I guess 10 days. Now, if you want the emails, he's offering them to you here: http://www.thesanitycheck.com/DrByrneBusinessWeek/tabid/90/Default.aspx In the past, shareholders have called brokers. Comments ranged from, "go f*** yourself. It's a shit company anyway. Get a lawyer." To, "why don't you call the SEC on us?" And that was compliance at a major. Both suggestions have been followed. If I do find out how to f*** myself, I'll be too busy to post, and you'll be happy.
Exactly. This person is a deeply disturbed mental patient. But because of his position and his wealth, it is taboo to suggest this. As I've said before he needs our sympathy not scorn. I hope he gets help from a competent physician/therapist soon.