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The Contest To End All Contests

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Posted by:   bobo 6/25/2008 8:46 AM

Go to www.Deepcapture.com to see the latest salvo from the Deepcapture team. It's nothing short of brilliant. First read the new article on the Bear takedown, then scroll down to the topic of this blog - the contest.

A contest, with real money, for those with enough brainpower to get exposure for Mark Mitchell's expose of the powers that be behind naked short selling.

A thirty thousand dollar grand prize for the best effort. A sliding scale from there.

This will reward folks who put some back into ensuring that Mark's extraordinarily damaging revelations see widespread exposure. If you haven't read it, you should, as it names the names, the dates, and tells the story of a press that is more bent than a silly straw. In it, you have international criminal syndicates working with hedge funds, who in turn use their captive cronies in the NY financial press like toilet paper, to spread toxic waste into the mainstream without regard for truth or the law.

The contest is straightforward, and should create some interesting opportunities for people who are clever, internet savvy, or marketing driven. There are no rules other than that any attempts to get it exposure that break the law will be disqualified. Go read about it, and then get busy. Cash talks. This is backed with cash. Want to strike a blow against those that have been robbing the system and gaming your retirement, and get paid to do it? This is your chance.

Good luck. May the best man or woman win.

Copyright ©2008 Bob O'Brien
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Comments (17)
Re: The Contest To End All Contests By Jim on 6/25/2008 1:42 PM
I got one.... or two Please can you leave a contact email or phone???

This is the real deal. Anyone aware of the deception knows how 'tricky' this is.

A contest within a contest within a contest..... All you need to bring is truth.
Re: The Contest To End All Contests By bobo on 6/25/2008 1:44 PM
Email is always ncans.mgr@gmail.com however you should plan whatever it is without my participation. I'm way too close to all this to qualify for the contest.
Re: The Contest To End All Contests By Field Mouse on 6/26/2008 10:18 AM
I posted over at Patrick's Place. He suggested "So you want to start a revolution" blog. Never heard of it and cannot find it. Somebody please help me with this new phase of stealth NSS.

Patrick?

I know of no other way to contact you and have no idea how to proceed. It is happening again. Now the rules have changed. Apparently the bad guys have found a way to implement an algorithmic program that skirts the deficiency guidelines and can drive virtually any stock they want down to zero. I wouldn’t even approach you or anyone without exhaustive research and tick by tick examination of my findings.

I speak personally of one company I won’t mention here but suffice it to say its management and board are a veritable “who’s who” of their respective sector, the retail world, and international conglomerates.

Without the exact resources I seek, I cannot tell if it is just one party playing through multiple accounts, or perhaps 2-3, acting in concert to drive the stock down to zero. I do know through personal contact with countless traders and investors that our miscreants have found a way to stop people from buying stock in the company. When I say “buying stock” I would be referring to lots of size that could dramatically increase the price of the stock. I now personally know of 16 million shares that have attempted to buy over the past 30 days and not one order has been filled. The stock now averages between 100-200K a day instead of around a million like it used to.

The three market makers in SBSH, NITE, and UBSS are parked on the current bid and ask every day. At the open, a standard 5000 or 10000 shares hits the bid and takes it out daily. So, the stock is always down every day. The stock may go as much as 1-4 hours without a share crossing the tape. Or, every trade that goes through is on the bid. The message boards are full of messages of people trying to buy. Their order is in since the open at the current asking price, or even dramatically higher to assure a complete fill, and they are getting nothing. Then messages on the same boards will suddenly show that certain people have gotten fills to buy, yet no trade has crossed the tape in maybe an hour or two. And even worse, they will get a fill but at the same time they fill, a lot (fill) of shares crosses the tape at the same time as their fill for a completely different share amount.

Apparently our miscreants have found a way to credit some people with buys that never cross the tape. They are selling stock from one account to another to drive the price lower. They are not allowing block buys at the ask or above to cross the tape. They always show the stock negative. They have stripped the stock of 93% of its value to all time lows in 15 months. The stock has gone lower on 41 of 45 positive press releases in the past 2 years.

This situation is not all too unlike your own. A great sales run and then a couple light quarters. Now, the company is on the verge of a host of new product releases and is sitting on four consecutive 100%+ revenue quarters in a row and its first profitability. The bad guys have stripped the market cap from $280 million to $18 million. Insiders have been buying all they are allowed to. There are no insider or institution sells in many months. The CEO and the Board are at a loss for what to do. The investors are at a loss for what to do. The SEC and NASD are not responding to anyone.

Ordinarily, if I wanted to buy 100K of stock and wanted it now, I could take a market order. However, market maker games suggest an order of that size would cause the market makers in the system to lift their orders and the buyer could get a significantly higher fill. So, a limit order is always used. To assure a fill, a buyer would take out the current ask and perhaps slightly above. Any remaining shares become the current bid and if more buyers do the same, the price moves up without our big buyer getting a complete fill.

When our bad guys on this stock choose to allow an order to buy to execute and cross the tape, that does not happen. This is what they do. If the bid is 8 and the ask is 9 and our buyer wants 25K at 9, he puts them in limit 10. He gets a few at 9 and not a single share ever prints at 10. They sit there and sit there and sit there and the bid is 8 and the ask is 10. His remaining shares NEVER show a bid of 9. Suddenly, trade after trade goes through at 9 and our buyer gets all his shares, or maybe he sees none of them cross the tape but he looks and suddenly has a complete fill without the shares printing on the tape. It changes every day. Then the ask drops back to 9. Then a few sells hit the bid at 8 and suddenly the bid is 7 and the ask is 8. The next day, it starts all over again.

It’s not about the story of this company. That’s why I didn’t say what it is. But it is about how this can be happening with the story that is out there. If it wasn’t for the story, individuals would not have discovered this and have it escalated to where it is now. I cannot believe this is an isolated issue to this stock. There has to be countless others. This particular stock hasn’t been on the SHO list in over a year. This current phase of the attack has been going on for 5 months every day, however, I believe it is a continuation of a plan that has been in place for a couple years. It just has taken on a new form.

They must be stopped. They can be stopped.

Please, please lead me in the right direction to find out who it is and how to have them investigated.
Re: The Contest To End All Contests By Sean on 6/26/2008 10:19 AM
I see Patrick may have started a trend or just great minds think alike!!!

I also think this is what the gent above was reffering to. The word is out and people are mad as hell and they're not going to take it anymore!!


Are You Being Yanked by the Shorts?


By Dr. Russell McDougal


Can you make your life’s fortune swimming upstream? Yeah, I think you can. Stay within the school and you’ll receive what the masses historically receive… a portion of bread and a ton of circus. Make that bread and CNBC if you will.

You are wise not to get caught up in the day to day and minute to minute pabulum thrown your way by the NY/DC axis of weasels. The knee jerk reactions they illicit are best left to the orthopedic surgeons.

Let’s look at some big picture stuff. The most gullible people on the planet, overall, have U.S. zip codes. It is nothing short of astounding how many citizens buy into the official stats our government regularly dispenses. Distraction may just play a part in that problem. Life is complex and I confess to being easily distracted. We must insist on focus.

Today we’re going to look into a criminal enterprise that would make Al Capone blush. He’s turning over in his syphilitic grave and kicking himself for not being the first to think of it. Lacking imagination, that guy.

Here’s the deal. I’ll start with a poem… “he that takes what isn’t hizzen, pays it back or goes to prison”.

Talk about an outmoded ditty. These days you can take what’s not yours, sell it, and not go to prison. White collar folk seldom do hard time in case you wondered. They just pay back 10 to 20% of their ill gotten gains.

Would you like unlimited access to trade a market in your desired direction?

Most of us simply buy stocks and go long that position. We are convinced it’s going higher. You can also short a stock. Say, for example, you believe IBM is going lower. You can sell IBM even though you don’t personally own it. You can call your broker tomorrow and sell IBM and the money from this sell will then appear in your account.

This type of transaction is legal because the intermediary (your broker) can borrow IBM stock from a different client and sell this stock into the market. “Shorting” is a completely normal market function. You can go long or you can go short. It’s all good.

Where’s the problem? You are not supposed to be able to short a stock unless you can actually access that stock. Do you think you could hold sway over a market if you were given unlimited access to that particular position? You don’t have to own it personally and you don’t even have to borrow it.

It’s called a naked sale. You sell something you don’t own and have no access to. You can influence and actually dominate any market you choose with this mechanism. This is completely illegal if the intent is to force share prices lower. Unfortunately, the security laws regarding this type of fraud are not enforced.

Naked short sells are commonplace. U.S. hedge funds appear to be the primary abusers. Small cap stocks are the frequent targets. Some companies have more shares sold short than they have issued! This is an obvious fraud. Dishonesty has been institutionalized.

The junior exploration stocks have long been abused by these activities. Recent events suggest this is about to cease. A gentleman named Jim Sinclair has just pledged his full attention and personal fortune to the cause of ending this fraud. Sinclair has been an absolute giant in the world of gold for decades. He knows his stuff. He is also completely fearless.

His recent proposals put illegal short sale offenders on notice that they stand to be criminally prosecuted. A $50,000 gold reward is part of this picture. So is organizational activity. Expect more perp walks in the coming months and years.

I strongly believe that the entire junior exploration and mining share sector has been under the influence of both legal and illegal shorting activity. This is a partial explanation for their recent failure to keep pace with various commodity prices. Their historic leverage to mineral prices has been M.I.A. for an extended period of time.

We’ve definitely been swimming upstream, but the currents are now changing. It will just take a few exposures to put an end to illegal naked short selling. No one wants to spend their days alongside the deposed Elliot Spitzer.

When, not if, the naked short-selling drag is removed from these small stocks, they will begin a price appreciation process. Those who are shorting them legally will have to close out their positions. The only way this can be done is to buy the shares back. The shorted companies will turn upward. Possibly with a vengeance.

All small stocks are particularly vulnerable to targeted shorting. It’s not just those in the resource sector. The Enron debacle is more representative of our markets than most care to believe. We demand and deserve better.

Invest Resourcefully,

Rusty

http://www.howestreet.com/articles/index.php?article_id=6759


Re: The Contest To End All Contests By rmr on 6/26/2008 10:19 AM
this guy deserves at least an honorable mention!


http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_C/threadview?m=tm&bn=2944&tid=81355&mid=81355&tof=22&rt=2&frt=1&off=1

Dear SEC authority,

My Name is Mugabe Abu. I am Nigerian investor and I am very interested for getting the permit for selling self printed shares of different, on the Wall Street noticed, companies.

Since this practice to sell something what you do not have is legal in US I would like also to participate in this program.

We Nigerians know very well this practice of selling something what we do not have, but we did not make it with the securities, so far.

Since printing of US dollars is illegal, I will be really interested for printing and selling fake securities as many make it in US. You call it very nice “naked (fake) shorts”. Your explanation of this procedure is very nice and I appreciate it very much and I am your admirer.

I see that some people who get permit from you have printed so many fake securities that such company like CALM has even over 100% shorts. Others like DNDN, CORS, CCRT (only few samples) are also extremely diluted. I would like to help you to make it even more. I see still big opportunity to print more fake shares of big companies.

It is almost so easy business like printing fake US dollars but I see, in opposite to printing fake dollar, this business is full legal and you can sell these fake securities for anybody in the world; and you do not need to ask the applicable company, to print their shares!
It is excellent business!

I always believed on your ideas of collecting money from all the world and I would be happy to participate in this huge idea of printing fake shares.

Therefore, please send me the application form for this permit and also needed information how I can start this easy business.
Please inform me if I will need to contribute any amount to get this permit and whom shall I forward this money.

I can also promise you that I will donate some earned money for your agency.

Yours truly,
Mugabe Abu
__._,_.___
Re: The Contest To End All Contests By Sean on 6/27/2008 8:41 AM
You want to read about manipulation that you don't even hear or read about?Here read this...

http://investorvillage.com/smbd.asp?mb=3532&mn=20030&pt=msg&mid=5072245
Re: The Contest To End All Contests - SEC "reply" By rmr on 6/27/2008 8:42 AM

Re: Dear SEC authority 29-May-08 02:51 pm RESPONSE FROM SEC

Dear Mr. Abu,

Thank you for contacting the SEC.

To improve the regulatory effectiveness of its short-sale rules, the Commission’s has, and will continue to actively regulate short selling.

In 2006, the Commission approved exchange rules expanding the reporting of short interest and began disclosing fails to deliver data on the Commission’s website.

In an effort to further reduce fails to deliver, the Commission eliminated the grandfather exception under Regulation SHO for fails to deliver occurring prior to a security becoming a threshold security (August 2007.)

In August 2007, the Commission re-proposed amendments that would eliminate Regulation SHO’s options market maker exception.

In March 2008, the Commission proposed a naked short selling anti-fraud rule. More information is available at http://www.sec.gov/spotlight/shortsales....

The Commission and its staff believe that bear raids and other manipulative conduct in our markets must be addressed with the full force of the law. We continue to investigate cases of manipulation in which short selling may play a role, and ask that you alert us to any evidence of manipulative conduct as soon as you become aware of it.
Sincerely,
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
+++++++++++++

reply to SEC

Sir,

Thank you for response, but I will insist on my request to get the permit, since this business is still legal. As I good understood the commission PROPOSED only.
I have already huge plans and want to sell self-printing (fake) shares on more discount prices then these fake shares, which are manufactured by others, who got such permit.
I want that everybody on the world will be able to purchase shares of big & small companies. I will go with my discount higher and higher.
I already sent a letter to GAO asking for support in my plans.
Yours truly,
Mugabe Abu

+++++++++++++++++++++++
From: SEC Help
To: "Abu, Mugabe"
Sent: Wednesday, May 21, 2008 6:38:28 PM
Subject: SEC Response - File HO1276926

Dear Mr. Abu,

PLEASE NOTE, THE CREATION OF COUNTERFEIT STOCK CERTIFICATES IS A VIOLATION OF FEDERAL SECURITIES LAW. AGAIN, I REFER YOU TO THE LINKS PREVIOUSLY PROVIDED. You may wish to consult an attorney regarding this matter.

Sincerely,
Office of Investor Education and Advocacy
U.S. Securities and Exchange Commission
100 F St, NE
Washington, DC 20549-0213
Re: The Contest To End All Contests By bobo on 6/27/2008 2:08 PM
RMR:

Very funny stuff. My favorite line:

PLEASE NOTE, THE CREATION OF COUNTERFEIT STOCK CERTIFICATES IS A VIOLATION OF FEDERAL SECURITIES LAW. (Unless you are a market maker, or prime broker, or offshore clearing firm, or the DTCC, or have juice...)

Wow. Wonder what would have happened if we did the same thing with genocide? "Hey, Pol Pot, if you don't stop that, we're.....well, we're going to propose things, and after a year or two of proposing, we might seriously escalate to the even more ominous step of, er, reviewing the input we received, and then......well, mister "kill all the intellectuals," you'll be in deep weeds." God, that would stop anyone, wouldn't it?

What a farce.
Re: The Contest To End All Contests By Jeremiah 9;24 on 6/28/2008 1:10 PM
RMR:

What is funny is the bastards at the SEC only state that "creation of counterfeit STOCK CERTIFICATES" is illegal...they did not have the chutzpah to offend their Wall Street masters and state the whole truth, which is that all counterfeiting, including without limitation electronic counterfeiting, such as that routinely done by the criminal enterprise known as the DTCC, is illegal. Not just a violation of federal "securities" law but a violation of federal criminal statutes, for which violators can be sentenced to prison time. An oversight? Ha ha.

What a bunch of pukes.
Re: The Contest To End All Contests By mhelburn on 6/30/2008 8:32 PM
http://www.investorvillage.com/smbd.asp?mb=3532&mn=20119&pt=msg&mid=5083038

Miscreant Madness...

Maybe this should be saved under Funny Bunny... nopullnoshow has some good ones.
Re: The Contest To End All Contests By Sean on 6/30/2008 8:33 PM
I did'nt see this in any major media print. did any of you? I believe this is HUGE!!

AIG Absorbs $5 Billion Securities Lending Loss

Repeating a pattern of larger than previously announced writeoffs prevalent in the entire financial sector, AIG to Absorb $5 Billion Loss on Securities Lending.


American International Group Inc. plans to absorb losses for a dozen insurance units after their securities-lending accounts suffered $13 billion of writedowns tied to the subprime-mortgage collapse during the past year.

The world's largest insurer will assume as much as $5 billion of any losses on sales of the investments, up from a previous commitment of $500 million, said Christopher Swift, vice president for life and retirement services, in an interview. AIG also will inject an undisclosed amount of capital into some of the subsidiaries, he said.

State regulators in Texas said they didn't know AIG was investing cash collateral from the securities-lending business in subprime-linked assets and were concerned the insurance units hadn't put aside enough capital to cover potential losses.

State regulatory filings show that AIG's securities-lending unit used almost two thirds of its $78 billion in cash collateral to buy mortgage-backed securities that plunged in value starting last July as subprime defaults climbed. Most of the securities were rated AAA or AA. The market value of the collateral pool, including cash and securities, fell to $64.3 billion as of March 31.

In addition to the $9 billion in unrealized losses, AIG and its 12 insurance and annuity units that participated in the securities-lending pool incurred $3.9 billion of realized losses, or declines the company no longer classifies as temporary. These losses reduced AIG's earnings, primarily in the fourth quarter of 2007 and the first quarter of 2008.

Bigger writedowns At Merrill Lynch

MarketWatch is reporting Bigger write-downs seen at Merrill.


Merrill Lynch & Co. (MER) could write down as much as $5.4 billion on distressed assets in the second quarter, an analyst for Lehman Brothers Holdings said Friday, the second day banking analysts have taken aim at the firm's estimated second quarter results.

"We did a deeper review of Merrill's (MER) monoline exposures on asset-backed security and collateralized debt obligation assets which had not previously been highlighted," Lehman (LEH) analyst Roger Freeman wrote in a note to investors. "This incremental $1.7 billion of write-downs constitutes the majority of our adjustment."

"We believe that Street estimates will come down as the Street adjusts for the significant impact of these monoline credit valuation adjustments in addition to the more common set of inventory marks," Freeman said.


Pattern Will Continue

This pattern will continue for quite some time. Everyone is underestimating the effect that rapidly rising unemployment will have on credit card defaults, Pay Option ARM (liar loan) defaults, home equity loan defaults, and commercial real estate losses.

http://www.howestreet.com/articles/index.php?article_id=6787
Re: The Contest To End All Contests By Jen on 6/30/2008 8:34 PM
http://www.skepticforum.com/viewtopic.php?f=24&t=9972&p=131197#p131197
Re: The Contest To End All Contests By kevin on 6/30/2008 8:34 PM
Der Spiegel wrote that the IMF had "informed" Federal Reserve chairman Ben Bernanke of plans that would have been unheard of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program is to be carried out in the US.

This, Der Spiegel wrote, "is nothing less than an X-ray of the entire US financial system", adding that "no Fed chief in US history has been forced to submit to the kind of humiliation that Ben Bernanke is facing".

The fact that the IMF is knocking on the very doors of its parents and waving legal papers about who lost the house, the car and the kids will, if the past is anything to go by, be buried in the US by pom-pom waving on CNBC telling all what a great time it is to buy.
Re: The Contest To End All Contests By hedgie on 7/3/2008 3:17 PM
http://www.resourceinvestor.com/pebble.asp?relid=43994
Re: The Contest To End All Contests By ginger on 7/2/2008 5:47 PM


http://www.cmkmdiamondsinc.com/documents/je-judgment-07-01-08.pdf

FWIW...
Re: The Contest To End All Contests By MagicJ on 7/3/2008 3:25 PM
The FISA magic.... Check out the layers and the depth of the laws and laws broken...

http://www.youtube.com/watch?v=mBj42uOUc9E
Re: The Contest To End All Contests By kevin on 7/7/2008 7:06 PM
Understanding the bond market

http://tinyurl.com/6hpsly

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