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Sequenom Inc. Message Board

  • jonas_tyrell jonas_tyrell Feb 5, 2013 1:37 PM Flag

    The Problem with this Company: BLACKROCK INVESTMENT ADVISORS

    They just filed a new 13g with the SEC today. The scary part is below, by enabling multiple entities to operate under a single tax and reporting shield as provided by the arcane SEC regulations in this regard. A large hedge fund is able to use high frequency trading algorithms to buy and sell shares back and forth to one another in transactions visible to the exchange, yet shielded from outside participation. In other words, they can "work" share prices up or down and hold them at a given point by simply controlling the last print. As all stocks operate in a virtual auction environment, this creates compliance by market participants in honoring the last price of sale as the only REAL thing about a given investment. In truth, nothing could be further from the truth. Below is a list of the names authorized by Blackrock to swap millions of shares of stock to one another without regard for anything other than their pricing intentions:

    The undersigned, BLACKROCK, INC., a corporation duly organized
    under the laws of the State of Delaware, United States (the
    "Company"), does hereby make, constitute and appoint each of
    Matthew Mallow,
    Howard Surloff,
    Edward Baer,
    Bartholomew Battista,
    Dan Waltcher,
    Karen Clark,
    Daniel Ronnen,
    John Stelley,
    Brian Kindelan,
    John Blevins,
    Richard Froio,
    Matthew Fitzgerald
    and Con Tzatzakis
    acting severally, as its true and lawful attorneys-in-fact, for the purpose of,
    from time to time,executing in its name and on its behalf, whether the
    Company is acting individually or as representative of others, any and
    all documents, certificates, instruments, statements, other filings and
    amendments tothe foregoing (collectively, "documents") determined by
    such person to be necessary or appropriate to comply with ownership or
    control-person reporting requirements imposed by any United States
    or non-United States governmental or regulatory authority, including
    without limitation Forms 3, 4, 5, 13D, 13F, 13G and 13H and any
    amendments to any of the foregoing as may be required to be filed
    with the Securities and Exchange Commission, and delivering,
    furnishing or filing any such documents with the appropriate
    governmental, regulatory authority or other person, and giving and
    granting to each such attorney-in-fact power and authority to act in
    the premises as fully and to all intents and purposes as the Company
    might or could do if personally present by one of its authorized
    signatories, hereby ratifying and confirming all that said
    attorney-in-fact shall lawfully do or cause to be done by
    virtue hereof. Any such determination by an attorney-in-fact named
    herein shall be conclusively evidenced by such person's execution,
    delivery, furnishing or filing of the applicable document.

    In my opinion, if our price has seemed to have been held artificially low at times, for unexplained reasons, those reasons are now fully known.

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    • For clarification; I only assume these are unfriendlies to the average shareholder. Without any personal inside information, little can be truly "known". In essence, I've only posted the names of the legal counsel at Blackrock. Their names are found on ALL of the Blackrock SEC filings. Also, it should be noted that thru the use of multiple "child" corporations, a hedge fund can help a stocks shareprice as well as hurt it. We only have the pathetically low prices we're seeing currently from which to draw our conclusions.

    • Unfortunately it is the way things work.
      The SEC does nothing.
      Scary stuff.

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