OSTK ceo

BriefingTrader reporting OSTK major shareholders asking for certificates. Stock's up over 3 bones.

Coincides with NAASA.org announcement that they are having a "forum" November 30 on Naked Short Selling.
 
Quote from flytiger:

it is out of the hands of the SEC and the Regulators. It is now in the hands of the Senate, the Congress and the States. The SEC is now powerless to stop the reform.

I got a call today. Seems State Regulation Departments are overwhelmed by "naked short" complaints, and the States are taking it in their own hands.

Wall St. and their greed really did it this time.

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if it werent for the state AG's the sec would not have fined the specialist 250 million for front running. i like that NC AG... he is very good.


FLYTIGER..... thank you for all of this information. i for one think what you are doing is a great service. Keep up the good work!!!!
 
Quote from flytiger:

it is out of the hands of the SEC and the Regulators. It is now in the hands of the Senate, the Congress and the States. The SEC is now powerless to stop the reform.
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is shelby still being a wuss? that man looks like he has smoked a few poles in his day... what a femboy.
 
Funny you should say that. I predicted today that b efore this was over, there'd be some. Somebody got pounded today. I got this release almost the instant OSTK bolted. I wonder if the desks said, "enough", Cover. ?

•November 17, 2005
NASAA to Host Forum on Naked Short Selling
Experts to Examine Efforts to Curb Market Manipulation
by Stemming Abusive Naked Short Selling Activity

WASHINGTON—The North American Securities Administrators Association, Inc. (NASAA) today announced plans to host a public forum to explore possible market manipulation through naked short selling activity. The “NASAA Listens” Forum is scheduled for November 30 from 1 p.m. to 3 p.m. at the Paris Ballroom of the Sofitel Lafayette Square Hotel, 806 15th Street NW, in Washington, D.C.

“NASAA commends the SEC for its efforts to address short-selling abuses through Regulation SHO and we encourage the agency to consider additional measures to limit the detrimental impact of abusive naked short-selling of the stock of small businesses, the entrepreneurial engines that drive our nation’s economy,” said NASAA President and Wisconsin Securities Administrator Patricia D. Struck.

Naked short selling refers to a stock transaction in which the seller agrees to sell shares of stock that he or she neither owns nor has borrowed in time to make delivery to the buyer within the standard three-day settlement period. When done in large volumes, this sales tactic can be used to manipulate a stock’s share value while allowing the seller to profit. The SEC adopted Regulation SHO in 2004 to update short-sale regulation and, in part, to address problems associated with abusive naked short selling transactions. Industry compliance with Reg SHO began in January and in May the SEC launched a pilot program to determine the effectiveness of the regulation.

“Since the pilot program has reached the midway point, we believe this Forum offers a timely opportunity for a thorough discussion of the effectiveness of Regulation SHO from a variety of perspectives,” Struck said.

The “NASAA Listens” Forum will bring together a panel of leading financial and academic experts to examine problems associated with abusive naked short selling and the impact of Regulation SHO on naked short-selling transactions.

The Forum is free and open to the public on a first come, first serve basis. To reserve a seat, please contact Lonnie Martin, at 202-737-0900 or lm@nasaa.org, by November 28. NASAA is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico.



For More Information:
Bob Webster
Director of Communications
202-737-0900



© 2004 North American Securities Administrators Association, Inc. All Rights Reserved.
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Thanks for keeping us informed FlyTiger but while I still have my 06 calls (more or less accepted the loss on them at this point and cashed in some puts that helped offset them a little) I can't help feeling that these naked shorts are like Rove in that they have some escape hatch that they can duck through should the water get too hot. Why are the major holders waiting until now to ask for their certs and frankly who cares as the naked shorters don't concern themselves with certificats, if they did it wouldn't be naked shorting (I still think they are using the offsetting puts loophole and are in cahoots with some MM).
 
OSTK, MSO, TZOO, RNOW,.........

Do I hear footsteps? Is that, Mr. Net Cap Fail? These asshole hedgefund scumbags are going to kill us all. And Flytiger is not making this up.
 
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