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  • hapiwondrer hapiwondrer Apr 17, 2012 2:05 PM Flag

    Naked short selling is also a HUGE problem

    “…PRESSURE BY WE STOCKHOLDERS HAS TO BE PUT ON SLW TO SET THINGS UP QUICKLY SO WE ARE ALLOWED TO HAVE OUR SHARES SETUP AND LISTED BY THE COMPANY BY WHAT IS CALLED: DIRECT REGISTRATION, WITH OUR OWN NAMES LISTED AS THE OWNERS OF THE SHARES WE OWN, AND NOT UNDER SOME BROKERAGE'S 'STREET NAME'”

    Your sentiments are right, but you are a bit naïve. That is because anything a small investor thinks should be changed is trumped by what the mega banks seek to manipulate in their own best interest, whether it is legal or not. The regulators, as we all have seen, are corrupt as well. If that were not so then Jon Corzine, of MF Global infamy, would be on his way to jail.

    You can, by the way, request your stock certificates and hold them yourself. Check with Silver Wheaton as to who holds them in trust. CIBC Mellon is used by many companies for this purpose. CIBC Mellon has had some issues in the past of its own that have put shareholders at risk:

    en wikipedia org/wiki/CIBC_Mellon (replace the spaces with a period)

    When the following website becomes fully active again visit it to become enlightened:

    deepcapture com (replace the space with a period)

    Keep in mind that there are flaws in the way the website portrays the problem of naked short selling. All current problems in the economy, and the fraud in the financial industry, are a result of the issuance of counterfeit fiat monopoly money by all countries. This has now extended to the issuance of counterfeit shares because of Failures To Deliver (FTD) by naked short sellers, which results in more shares outstanding than have been issued. This, of course, is illegal, but tell any operative engaged in the practice and be prepared to be laughed at since they have been declared untouchable by the regulators. (Name one that is serving a jail term, or paid a substantial fine.)

    Here is another link that describes the problem, and the “to little, to late” efforts to address it:

    economist com/node/18774844

    By the way Deep Capture’s founder, Patrick Byrne, was sued in a Canadian court by a Canadian “boiler room” operative, Ali Nazerali. At first Byrne had his website taken down by the Canadian court through Google, and other content providers, without being notified by the court so he could confront the charges filed by Nazerali, who was outed for these and other illegal practices, which he claimed never happened. When the judge was finally presented with the evidence of illegal activities that posed national security concerns the case was thrown out. Maybe someone can follow this up and post whether Nazarelli is now under investigation. If recent history, according to what is stated above, is any guide, it is doubtful.

    Perhaps now you can get a glimmer of what you are up against by your proposal.

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