Quote from flytiger:
Oh yeah. Dividends, proxies don't work, because as one transfer agent told me, the firms just don't send me the beneficial holders list. And also, there is something called a "window call flip". And by selling so many shares into any demand out there, the stocks collapse. Then, they can no longer borrow money at any cost.
Look at Winn Dixie. When you saw the stock fade, and then see them on the threshold list, it's curtains. 23000 jobs! gone! CALM is another. Still there, but under seige.
Believe me, the amount of money stolen tops a trillion, and this problem is bigger than all the others totalled. Ebbers is a piker compared to this. It's why the SEC grandfathered past fails under SHO. The buyins would kill the firms.
Google MJK securities. Look who did him in.
And don't pooh pah what you don't know. I don't know much, but I know this, because I took a bath in companies I knew had dynamics. Then it took three years to figure out why I got screwed. Right now Eagletech is firing Supeonas all over the place, and they are getting some tremendous discoveries. I think you'll be reading about the SEC and Eatc battles in the coming weeks. We'll see. Keep Refco on the watch. If they settle w/ the SEC, it'll look like they are getting off cheap. But justice is in the wings. A lot of folks have already been served, and I don't mean lunch.