FMM I don't mind your soft bashing but if your gonna do it get your terms right. Resistance refers to upward movement and Support refers to downward movement. At least that is the way my mamma explained it to me.....Beegz
Have you ever contacted a Gov't Agency and received an adequate response to ANY question you ask. Not me. The only way to know is to ask the company and right now they ain't talkin...good luck....Beegz.
John this is part of the case that is on their website:
SEC Sues Short-Seller for Spreading False Rumors
April 25, 2008
In one of the first actions of its kind, the Securities and Exchange Commission (SEC) yesterday brought suit against Paul S. Berliner, a former trader at Schottenfeld Group, LLC, for spreading false rumors about Alliance Data Systems Corporation (ADS) while short-selling ADS's stock. The SEC alleges that Berliner manipulated the price of ADS's stock by disseminating false information about merger negotiations between ADS and The Blackstone Group, and that Berliner sold ADS's stock short in order to profit from the false information. The SEC filed a complaint in federal court in New York charging Berliner with violations of Section 17(a) of the Securities Act of 1933 and Sections 10(b) of the Securities Exchange Act of 1934, which prohibit fraud in the offer or sale of securities, and Section 9(a)(4) of the 1934 Act, which prohibits securities manipulation. The SEC also seeks a court order enjoining Berliner from violating those provisions of the securities laws and requiring him to disgorge all trading profits and to pay appropriate civil penalties.
The SEC's decision to pursue Berliner, a trader who sought to profit by manipulating the price of a stock he was shorting, is nearly unprecedented and may signal an increased focus by the SEC on preventing market manipulation of all types and on exercising increased oversight over short-sellers
John. I recently sent a link to Good72day regarding a Law irm in NYC who sucessfully handled a case similar to this one. The name of the firm is Wilson Sonsini Goodrich & Rosati. Their website is WSGRDOTcom.....Beegz
I ask him for a screen shot of that email and he did not respond...take it for what it's worth...Beegz
A person I spoke with today said he contacted Patty and she told him that the Company was working on something to put out. Whether this is true or not I don't know. I just know what he told me...stay tuned....Beegz
I agree...The DOJ would not have notified QCOR of a SEC investigation into short selling and manipulation and if they did Bailey would not have mentioned that in the last CC unless it involved QCOR directly...jmo
This happens every week or so with QCOR and has for over a year. It's BS but can make one a lot of $$
I posted last week that this was coming. No news here and BTW Bailey has just as many shares today as he had before the 105b sale. This is not an issue.