Post by fastwalker on Jan 5, 2005 8:46:08 GMT -5
On January 5th , 2005 the SEC is implementing a revised Regulation Sho / Affirmative Determination with strict rules for Market Makers to CLOSE OUT all naked short positions on all stocks .
Beginning January 10th , 2005 the SEC will DAILY PUBLICIZE ALL stocks where the MM's have not complied , where traded shares have not been accounted for , which will force the MM's to buy shares of the aggrieved company's equity . Public investors will recognize this MANDATORY REQUIREMENT and will refuse to SELL for give-away prices which will FORCE the MM's to raise their bids . This will cause
SHORT SQUEEZES on the Market Makers because it will be THEY who are forced to pay higher and higher prices in order to be compliant .
As the public becomes fully aware of this enforcement by the SEC , investors will be inclined to hold onto their shares until they can either capitalize on a short squeeze
or until a FAIR market of true supply and demand is established for their chosen equity investment .
The Market Makers' reign of MANIPULATION through the illegal action of trading non-existent shares at the extreme consequence to public companies and investors will soon be over .
and from IQ....
OT: On January 5th , 2005 the SEC is implementing a revised Regulation Sho / Affirmative Determination with strict rules for Market Makers to CLOSE OUT all naked short positions on all stocks . Beginning January 10th , 2005 the SEC will DAILY PUBLICIZE ALL stocks where the MM's have not complied , where traded shares have not been accounted for , which will force the MM's to buy shares of the aggrieved company's equity .
Public investors will recognize this MANDATORY REQUIREMENT and will refuse to SELL for give-away prices which will FORCE the MM's to raise their bids .
This will cause SHORT SQUEEZES on the Market Makers because it will be THEY who are forced to pay higher and higher prices in order to be compliant .
As the public becomes fully aware of this enforcement by the SEC , investors will be inclined to hold onto their shares until they can either capitalize on a short squeeze or until a FAIR market of true supply and demand is established for their chosen equity investment .
The Market Makers' reign of MANIPULATION through the illegal action of trading non-existent shares at the extreme consequence to public companies and investors will soon be over ************************************************************
FWIW
The following is from another board,where a person spoke to someone from the SEC in regard to the blatant MM shorting of some OTC stocks,and the proposed regulation SHO that is supposed to start on Jan.3rd,2005
enjoy...
The SEC Market Reformation…
The Securities and Exchange Commission (SEC) really has been on our TEAM all along. For years we thought as investors that we were out there all alone in the market because of years and years of many people being on the losing end from stocks being manipulated.
I received a very important phone call from the SEC that was very powerful. The info is so powerful that I deemed it would be selfish for me to not share such with those in here since our goals have always been to help each other as much as possible. What I am about to share might be known by some, but I am sure that it is not understood by most. This is concerning the true power and intentions behind Regulation Sho. There is more that I have not heard discussed by people and I think there are some things we are not seeing correctly by normally seeing the SEC unsuccessful attempts so often in the past.
What you are about to read are not my opinions. It is what I was told by the SEC and was given permission to share this information with you for a better understanding. I was told that they want our feedback so they will want to know if it worked or not in fixing what they knew was broke for years, but just recently discovered how to resolve.
The pressure is on the Market Makers (MMs) to do what is right because all eyes will be placed on them. There will be many key Federal Authorities, Economists, Mathematicians, etc. that are already lined up to be performing certain studies for historical purposes. All the MMs have to do to not make matters worse is to do what is right and fix what they had broken for years with any fully reporting company that’s a threshold security as soon as possible. Let me explain a bit further to show you how this will work.
First understand that the SEC always wanted to help us shareholders, but never knew how to do so. They had always received many complaints, but never knew how they could trap the MMs to simply do what was right. The shorting and naked shorting had gotten out of hand as I will explain both.
The Naked Shorting
With the implementation of Regulation Sho, the MMs will be forced to close out their open naked short position on all stocks that meet the Regulation Sho requirements for coverage. They will have to do this everyday by midnight beginning on 3 Jan 05.
This leads us to talk about the requirements as some are already familiar. A stock must be fully reporting and considered a threshold security. A threshold security is one where .5% of its outstanding shares (OS) have been proven to have been naked shorted for 5 consecutive trading days and where the MMs have failed to close out those positions for five consecutive trading days.
Example: If stock ABCD had 2,000,000 shares outstanding and was a fully reporting company as of 3 Jan 05, the MMs would need to fail to close out the open naked shorted position of .5% of 2,000,000 shares which would equate to 10,000 shares not being “completely” covered for 5 consecutive trading days. This means that the MMs would need to make sure they don’t allow 5 consecutive days to happen where they leave any balance remaining of the 10,000 naked shorted shares as an open account of stock ABCD. They must “completely” close all open accounts of naked shorted positions.
« Last Edit: Jan 4th, 2005, 6:54pm by IQ
more...
Beginning January 10th , 2005 the SEC will DAILY PUBLICIZE ALL stocks where the MM's have not complied , where traded shares have not been accounted for , which will force the MM's to buy shares of the aggrieved company's equity . Public investors will recognize this MANDATORY REQUIREMENT and will refuse to SELL for give-away prices which will FORCE the MM's to raise their bids . This will cause
SHORT SQUEEZES on the Market Makers because it will be THEY who are forced to pay higher and higher prices in order to be compliant .
As the public becomes fully aware of this enforcement by the SEC , investors will be inclined to hold onto their shares until they can either capitalize on a short squeeze
or until a FAIR market of true supply and demand is established for their chosen equity investment .
The Market Makers' reign of MANIPULATION through the illegal action of trading non-existent shares at the extreme consequence to public companies and investors will soon be over .
and from IQ....
OT: On January 5th , 2005 the SEC is implementing a revised Regulation Sho / Affirmative Determination with strict rules for Market Makers to CLOSE OUT all naked short positions on all stocks . Beginning January 10th , 2005 the SEC will DAILY PUBLICIZE ALL stocks where the MM's have not complied , where traded shares have not been accounted for , which will force the MM's to buy shares of the aggrieved company's equity .
Public investors will recognize this MANDATORY REQUIREMENT and will refuse to SELL for give-away prices which will FORCE the MM's to raise their bids .
This will cause SHORT SQUEEZES on the Market Makers because it will be THEY who are forced to pay higher and higher prices in order to be compliant .
As the public becomes fully aware of this enforcement by the SEC , investors will be inclined to hold onto their shares until they can either capitalize on a short squeeze or until a FAIR market of true supply and demand is established for their chosen equity investment .
The Market Makers' reign of MANIPULATION through the illegal action of trading non-existent shares at the extreme consequence to public companies and investors will soon be over ************************************************************
FWIW
The following is from another board,where a person spoke to someone from the SEC in regard to the blatant MM shorting of some OTC stocks,and the proposed regulation SHO that is supposed to start on Jan.3rd,2005
enjoy...
The SEC Market Reformation…
The Securities and Exchange Commission (SEC) really has been on our TEAM all along. For years we thought as investors that we were out there all alone in the market because of years and years of many people being on the losing end from stocks being manipulated.
I received a very important phone call from the SEC that was very powerful. The info is so powerful that I deemed it would be selfish for me to not share such with those in here since our goals have always been to help each other as much as possible. What I am about to share might be known by some, but I am sure that it is not understood by most. This is concerning the true power and intentions behind Regulation Sho. There is more that I have not heard discussed by people and I think there are some things we are not seeing correctly by normally seeing the SEC unsuccessful attempts so often in the past.
What you are about to read are not my opinions. It is what I was told by the SEC and was given permission to share this information with you for a better understanding. I was told that they want our feedback so they will want to know if it worked or not in fixing what they knew was broke for years, but just recently discovered how to resolve.
The pressure is on the Market Makers (MMs) to do what is right because all eyes will be placed on them. There will be many key Federal Authorities, Economists, Mathematicians, etc. that are already lined up to be performing certain studies for historical purposes. All the MMs have to do to not make matters worse is to do what is right and fix what they had broken for years with any fully reporting company that’s a threshold security as soon as possible. Let me explain a bit further to show you how this will work.
First understand that the SEC always wanted to help us shareholders, but never knew how to do so. They had always received many complaints, but never knew how they could trap the MMs to simply do what was right. The shorting and naked shorting had gotten out of hand as I will explain both.
The Naked Shorting
With the implementation of Regulation Sho, the MMs will be forced to close out their open naked short position on all stocks that meet the Regulation Sho requirements for coverage. They will have to do this everyday by midnight beginning on 3 Jan 05.
This leads us to talk about the requirements as some are already familiar. A stock must be fully reporting and considered a threshold security. A threshold security is one where .5% of its outstanding shares (OS) have been proven to have been naked shorted for 5 consecutive trading days and where the MMs have failed to close out those positions for five consecutive trading days.
Example: If stock ABCD had 2,000,000 shares outstanding and was a fully reporting company as of 3 Jan 05, the MMs would need to fail to close out the open naked shorted position of .5% of 2,000,000 shares which would equate to 10,000 shares not being “completely” covered for 5 consecutive trading days. This means that the MMs would need to make sure they don’t allow 5 consecutive days to happen where they leave any balance remaining of the 10,000 naked shorted shares as an open account of stock ABCD. They must “completely” close all open accounts of naked shorted positions.
« Last Edit: Jan 4th, 2005, 6:54pm by IQ
more...