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Tanzanian Royalty Exploration Corp. Message Board

  • jj719903 jj719903 Aug 21, 2012 3:24 PM Flag

    Lawyers-firm track record of success in fraud, common commercial practice and securities law

    My Dear Friends,

    I am in the process of putting together a legal team to specialize in redress concerning the strategy of "Short and Distort." There will be both lead legal counsel and attorneys at counsel.

    If you know of any attorney licensed to practice in New York with a firm track record of success in fraud, common commercial practice and securities law, I would appreciate the recommendation.

    Thank you,
    Jim

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • We saw a many million fails to deliver day in 2011 taking TRX below 6 before the 17 million shares trading day dump taking TRX below 2. No fraud? You are a fraud.

      No need to shout, im not deaf.

    • Spell it out how am I a fraud?
      I just speak the truth and you don't like it. You are powerless to refute what I say since the facts are on my side and my conclusions are reasonable. All you do is resort to name calling and the message board equivalent of makeing a lot of noise.

      The biggest loads of crap floating around are

      1) The short is trying to drive the price down to steal your shares. So stupid as to be laughable. Anyone who wanted to own this stock could have owned all they wanted under $2. AMONG OTHER REASONS, PEOPLE ARE SHORT THIS STOCK BECAUSE IT IS WAY OVERVALUED AND THERE ARE SEVERAL POTENTIAL CATALYSTS THAT WOULD LEAD TO A SIGNIFICANT DECLINE IN PRICE.

      2) Naked shorts are manipulating this stock. There are untold millions of illegally shorted shares. THERE ARE NO MATERIAL FAILS TO DELIVER SO THE MAXIMUM NUMBER OF NAKED SHORTS IS HALF THE DAILY VOLUME OR ABOUT 100,000 SHARES. Even that is ridiculous since it would mean that every share traded on the day was traded by a naked short seller. Plus the stock is available to borrow so all anyone needs to do is to ask.

      3) There is collusion and market manipulation. IF THERE IS IT IS COMING FROM THE LONG SIDE. No complaints from JS when the stock runs up into the close. On the day the MOC sell order came in the stock ripped up after the imbalance was published. That was one of the most bizarre moves I have ever seen. Most traders would start selling in the hopes of buying lower at the close. Really who buys in front of a big sell order?

    • The mere point is this. If they start going after rating agencies you are at risk. I notice you are basically admitting you are a fraud just stating he cant catch you.

    • That is a typical Sincliarism muddy the waters. You started out talking about fraud. To prevail in a fraud action there are specific conditions that must be met. I laid out three that could not possibly be met in a case against an on-line poster. The rating agencies are being sued for fraud. In order to prevail in a civil fraud case those elements are necessary. While no preset in an action against an online poster, the elements are present in a case against a rating agency.

      Market manipulation is the purview of the regulators and not a civil tort. Not only do JS and TRX lack standing to pursue market manipulation actions against anyone, they lack investigatory power to even gather sufficient evidence to present to the SEC.

    • "One is that the entity perpetrating the fraud has to be in a perceived position of being more knowledgable about the data, read proprietary corporate data."

      Market manipulation is the issue. not fraud. You definetely are no lawyer.

      "Clearly any poster is not in a position to have any more knowledge than is publically available."

      This is a statement. Apart from the fact that it is an irrelevant statement, you didnt argue why its clear. Its nonsense in short.

      "Second, by virtue of the fact that none of you believe what any of those with negative views say, any fraud claim is completely negated."

      Again, apart from the fact you cant prove it, it is an irrelevant statement and nothing more. A nosensical statement. Any laywer reading this will be chuckling.

    • There are other elements to fraud. One is that the entity perpetrating the fraud has to be in a perceived position of being more knowledgable about the data, read proprietary corporate data. Credit rating agencies have that information. Second, the victim has to demonstrate that he reasonably have relied on the statements. Clearly any poster is not in a position to have any more knowledge than is publically available. Second, by virtue of the fact that none of you believe what any of those with negative views say, any fraud claim is completely negated. The lawsuits you guys dream of would be laughed out of court.

      Plantiff: I am suing Relbochat because I sold my stock and it went up.
      Judge: So you didn't actually lose any money you just didn't make any profit. DISMISSED!
      Plantiff #2: I am suing Relbochat for fraud because he suppressed the price through his writings and James Sincliar told me so.
      Judge: Did you act on ol' Relbo's recommendations.
      Plantiff #2: No, but someone shorted the stock and the price just won't go up.
      Judge: So you didn't follow his recommendation and you still own the stock.
      Plantiff #2: That is correct your honor.
      Judge: DISMISSED!
      Pretty much the only actors who could commit fraud are management and insiders including Chris Gibson for his Seeking Alpha article (he was a constructive insider at the time), posters on Comedy Gold who claim "special access" to Sinclair or formerly to Duval, TRX's accountants, and Venym.

    • What a credit agency cant do a pathetic short hedgefund can do? I would be a litle more hesitant expressing "opinions" if I were you.

      "(Reuters) - A Manhattan federal judge on Friday refused to dismiss a lawsuit seeking to hold credit rating agencies responsible for misleading investors about the safety of a risky debt vehicle that they rated.

      U.S. District Judge Shira Scheindlin denied a bid by Moody's Investors Service and Standard & Poor's to dismiss the claims, saying a jury could reasonably infer the agencies acted fraudulently over their activities regarding the Cheyne structured investment vehicle."



      http://www.reuters.com/article/2012/08/18/us-ratingagencies-rulings-idUSBRE87H00Q20120818

    • Just like buying, shorting is neither good nor evil. Unless you buy IPOs and secondary offerings, all anyone who transacts in the market does is provide liquidity. If you sell at the bid you give price improvement to a buyer, if you buy at the offer you give price improvment to a seller. If you are the bid or offer then you are providing liquidity to the market.

      Long = Buy then Sell
      Short = sell then buy. Same pair of transactions just a different sequence. It is a difficult concept for people of limited intelligence whose understanding of the world is based on physical analogs.

    • Nobody picks the shareholders pocket but the company. Management is the steward of your assets and allocates capital as it sees fit. I would be enraged if a company in which I had an interest conducted such a give a away of my assets as TRX did when JS repriced the warrants. You vote for the board. Where were they to protect shareholders?

      You pick the prices at which you are willing to transact in the market. In fact the market is made of willing participants. Somebody takes the other side of every trade. You can blame management for the company's performance and yourself for investing. Short term price movements are irrelevant unless you sell. Try selling size like Chris Gibson did and see what happens to the bid.

    • DR. DOOM...REST IN PEACE...still a strong buy IMO...chatter

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