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Patrick Byrns goes crazy on CNBC
- Thread starter mahram
- Start date
Quote from flytiger:
I'm sorry to dominate these posts, but my family and I have suffered since 1996 under this, and this is my time.
For purposes of disclosure, I am a registered Republican. Sen Bennett (R)of Utah was supposed to help us. He is on record grilling the SEC on NSS> However, he disappeared. It is rumored that the Republicans don't want the problem to surface because it would ruin confidence in the markets. That they buttonholed him and told him to back off. They would never get privatization of SS, which I believe in, passed. I didn't want to believe that.
Unfortunately, I have found that the Rep are pressuring authorities to back off, although I do not know if they hit Bennett. I am extremely distressed to believe that people in my party, with the information at their disposal, cannot see the light. An individual who will soon come to the forefront, who is fighting everyday, told me he used to be Republican, but considers himself Independant because of this type of activity.
I hope everyone has listened to Byrne's conference call, because it is just filled with clues about who supports him and his actions.
fly, i too used to be a republican but am now an indy. these guys are criminals and can not be trusted. they are puppets and their job is to lie to us while giving it to us up the bunghole. this is a fixed game on so many levels and they will kill when they have to.
i don't say these things lightly and know i will get bashed but i know who we are dealing with and i am tired of them raping my people. it is time to fight them with everything we have.
ratboy, thank you. You and your people. I understand. Most don't.....
someone writes, "if he wants to prove the shorts wrong." Indicates a total lack of understanding.
Fundamentals have nothing to do w/NS. They can take a profitable company and destroy it.
You prove NS wrong this way. 300k trade freely. Millions trade in the market. You squeeze 'em. You squeeze 'em to death so that the clearing firm says, we can't handle the risk anymore. You've got to cover. That's how you do it.
You must, dear friends, differenciate be shorting, Prudent bear, Comstock Partners, and Naked Shorting, Feshbach, Fiero and the like. That is all this is about.
I'll give you a little excercise. Go back in some position or stock you bought in the past 8 years. It is easier to see if it is a smaller company. Check the filings, and look for 423B funding. Then look for the funding entities in a Google search. You;ll see some familiar and repeatable names.
Here's one. Delcath Systems (DCTH) small cap. Look at the cancer news. check the registration of the private placement, and look at the exact day they show up on the threshold list. I don't want to hear SMALLCAP, shit stock, etc. I take fraud where I can find it. PP registered, Threshold list. Figure out what happened. why would a stock with that kind of news not go higher? They have in the past. Spoke to the CFO, and asked him directly.."were you surprised that your stock did not go higher into the news?". Answer, "YES". That's is how they work.
Tomorrow, there will be a big clue in OSTK. Will they let it go up? You know the stock is shorted into infinity, and you know buyers are lining up. I predict you see much negative news, and that they attack OSTK. If they don't, if the stock is up big by Friday, it could mean Patrick has won round one. What's Cramer say...." Ooh Rah".. Oh yeah, Jim, welcome back from Vacation.
someone writes, "if he wants to prove the shorts wrong." Indicates a total lack of understanding.
Fundamentals have nothing to do w/NS. They can take a profitable company and destroy it.
You prove NS wrong this way. 300k trade freely. Millions trade in the market. You squeeze 'em. You squeeze 'em to death so that the clearing firm says, we can't handle the risk anymore. You've got to cover. That's how you do it.
You must, dear friends, differenciate be shorting, Prudent bear, Comstock Partners, and Naked Shorting, Feshbach, Fiero and the like. That is all this is about.
I'll give you a little excercise. Go back in some position or stock you bought in the past 8 years. It is easier to see if it is a smaller company. Check the filings, and look for 423B funding. Then look for the funding entities in a Google search. You;ll see some familiar and repeatable names.
Here's one. Delcath Systems (DCTH) small cap. Look at the cancer news. check the registration of the private placement, and look at the exact day they show up on the threshold list. I don't want to hear SMALLCAP, shit stock, etc. I take fraud where I can find it. PP registered, Threshold list. Figure out what happened. why would a stock with that kind of news not go higher? They have in the past. Spoke to the CFO, and asked him directly.."were you surprised that your stock did not go higher into the news?". Answer, "YES". That's is how they work.
Tomorrow, there will be a big clue in OSTK. Will they let it go up? You know the stock is shorted into infinity, and you know buyers are lining up. I predict you see much negative news, and that they attack OSTK. If they don't, if the stock is up big by Friday, it could mean Patrick has won round one. What's Cramer say...." Ooh Rah".. Oh yeah, Jim, welcome back from Vacation.
well i got very suspicious when i saw Dylan Ratigan friday afternoon go crazy in his support of Rocker. i thought to myself..hmmmmmmmm, this is extremely unprofessional. why is he so emotional about rocker??? he freely admits that rocker is a personal friend and that he would never commit fraud. so if that's true Dylan, use your investigative journalism background and prove you're case. i said it before and i'll say it again, this thing is fishier than a rosie o'donnel sleepover.
lol what interview were you watching...pat was going insane. He made claims about naked short selling but then he said he was charging them with insider trading. He then claim the SEC was falsely accusing him and that his stock price was going down not because of his bad performance but of short sellers. Why is this guy making so many stupid claims, and nothing related to his lawsuit. If youve been following pat, this is a big jump from a couple of weeks ago when he said he didnt care about shorts, now he cares. So what changed? I think something is either very very wrong with pats business or that the SEC is closing in on him, he wants to change the subject fast.
Quote from ratboy88:
what program did you watch??? this guy is as sharp as they come... he kicked ass. what part do you disagree with?? i seriously have to question your intelligence.
I never met a CEO who was not about to lose his job that did not blame the shorts or the lawyers. And by the way I worked for a CEO making those claims and I was friends with two of them.
Any CEO blaming lawyers or shorts is suspect. If you make money you will have earnings and dividends. You have earnings and dividends the value guys will take care of the shorts for you. why should a ceo even care about shorts.
What an opportunity. You have all these naked shorts driving your stock price to levels that represent insane oportunity. Call up Kirk Kerkorian. Say why don't you not accumulate a postion and put a few more idiots out of business. Annouce you are a five precent owner and then make a tender offer.
Any CEO blaming lawyers or shorts is suspect. If you make money you will have earnings and dividends. You have earnings and dividends the value guys will take care of the shorts for you. why should a ceo even care about shorts.
What an opportunity. You have all these naked shorts driving your stock price to levels that represent insane oportunity. Call up Kirk Kerkorian. Say why don't you not accumulate a postion and put a few more idiots out of business. Annouce you are a five precent owner and then make a tender offer.
Quote from jem:
I never met a CEO who was not about to lose his job that did not blame the shorts or the lawyers. And by the way I worked for a CEO making those claims and I was friends with two of them.
Any CEO blaming lawyers or shorts is suspect. If you make money you will have earnings and dividends. You have earnings and dividends the value guys will take care of the shorts for you. why should a ceo even care about shorts.
What an opportunity. You have all these naked shorts driving your stock price to levels that represent insane oportunity. Call up Kirk Kerkorian. Say why don't you not accumulate a postion and put a few more idiots out of business. Annouce you are a five precent owner and then make a tender offer.
Exactly. The institutional buying power of the street is 10x that of the shorting power at least, perhaps much more. For every hedge fund looking to short, there are two more looking to buy. Then you have the entire long-only mutual fund industry.
Thats why its impossible for any publically listed company on either the nasdaq, nyse, or amex to be systematically controlled by the short interest.
As for the octbb or pink sheets, I could care less. They can shut down that entire trading sector and the public would be better off. Any legitimate company should and does list on one the major exchanges.
The only thing I dont get is that he makes claims that him and family owns 98% of the float and only 200K is the actual float. Im like what????? Byrnes only owns a million shares. If its true theres only 200K actually free float, then why not just buy up all of the shares. Its only 200K. Take is private. You know something is up with brynes....if I were short, I would be working harder to find out why now, brynes finally went into the deep end.
Quote from Htrader:
Exactly. The institutional buying power of the street is 10x that of the shorting power at least, perhaps much more. For every hedge fund looking to short, there are two more looking to buy. Then you have the entire long-only mutual fund industry.
Thats why its impossible for any publically listed company on either the nasdaq, nyse, or amex to be systematically controlled by the short interest.
As for the octbb or pink sheets, I could care less. They can shut down that entire trading sector and the public would be better off. Any legitimate company should and does list on one the major exchanges.
You people are such fucking hardheads.
About four years ago, Howard Stern and his buddies were going to buy up all the shares of Score or Scoreland, whatever the strip joint is in NY. I can't remember the numbers now, but then, you could look at the float and there was but 3 or 400,000. They bought the float, no real money. then they bought it again. Then they bought it again. By then, they realized they should probably quit.
You can't throw real money at fake shares. You can't, you can't, you can't. I knew a specialist who tried. He called me in a rage. "This is sick." he said. As they just came at him. Oh the stories I'll tell you someday. Notice I said Specialist, not market maker.
Next, I' m going to show you an OTCBB stock that has an SEC decision in it's favor, and will document how it is done.
Looking at these inane, idiotic posts, I now realize how this shit continues.
About four years ago, Howard Stern and his buddies were going to buy up all the shares of Score or Scoreland, whatever the strip joint is in NY. I can't remember the numbers now, but then, you could look at the float and there was but 3 or 400,000. They bought the float, no real money. then they bought it again. Then they bought it again. By then, they realized they should probably quit.
You can't throw real money at fake shares. You can't, you can't, you can't. I knew a specialist who tried. He called me in a rage. "This is sick." he said. As they just came at him. Oh the stories I'll tell you someday. Notice I said Specialist, not market maker.
Next, I' m going to show you an OTCBB stock that has an SEC decision in it's favor, and will document how it is done.
Looking at these inane, idiotic posts, I now realize how this shit continues.
Now I really don't care if you like OTCBB or not. Carole Remond told me years ago they are "all shit companies". Well, some are some aren't. But, YOU CAN NOT MANIPULATE. Mr. Pat Byrne seems to agree with me, and that makes him ok in my book.
http://www.sec.gov/litigation/complaints/comp18003.htm
Remember, this covers ONE MONTH. The fine was a measely 1MM. But that, unfortunately is how the SEC works. In Dec, 03, the bastards were arrested. One scooted to Switzerland, one got caught. They ever screw their own brothers. Skip skip skip.
May 16, 2005
http://www.rgm.com/articles/thestreet3.html
Now do you think this is a one time event? Sedona was blessed. they had an ex SEC commish on their board. They have a rabbi who saved the company, and although diluted, they are alive and kicking. Their lawsuit is for 2.2 Billion.
They weren't always OTCBB. This was a $10 stock with a very potent software product. Now just this last week, they were granted discovery. That means, open up your books. I want to see who your customers are.
Sedona Wins Crt OK To Proceed In Part With Short-Sale Suit
By JUDITH BURNS
August 9, 2005 5:35 p.m.
Of DOW JONES NEWSWIRES
WASHINGTON -- A federal judge issued a ruling Tuesday allowing Sedona Corp. (SDNA) to proceed in part with a lawsuit against investment banks, brokers and others it claims manipulated its stock, causing shares to plummet in mid-2000.
Judge Laura Taylor Swain, of U.S. District Court in Manhattan, rejected arguments to block the case on the grounds that too much time had elapsed when Sedona filed its suit in 2003. The judge partly denied and partly granted other motions by defendants to dismiss the case while allowing Sedona another chance to replead the dismissed claims.
The decision clears the way for Sedona, a King of Prussia, Pa., software company, to begin at least partial discovery in its case against Ladenburg Thalmann & Co., Inc., Pershing LLC, Westminster Securities Corp., Rhino Advisors Inc., Amro International S.A., Thomas Badian, and more than 100 unnamed defendants. The company is seeking up to $2.6 billion in damages.
Sedona hired Ladenburg Thalmann as its investment banker in 2000 and entered into a deal to obtain up to $50 million of financing. Sedona claims its was victimized by a "pump and dump" scheme to inflate its stock price before the defendants dumped it, allowing them to profit from the market manipulation and increased conversion rights afforded under the so-called "death spiral" financing.
The Securities and Exchange Commission is investigating the matter. Refco Group Ltd. LLC announced in May that a subsidiary, Refco Securities, had been notified that the SEC's staff intends to recommend the Commission bring an enforcement action against the firm based on short sales of Sedona stock in 2000. Short sellers borrow stock and profit when the stock price declines, allowing them to replace shares at a reduced price. In early 2003 Rhino Advisors, a New York investment firm, and president Thomas Badian agreed to a $1 million settlement with the SEC without admitting or denying allegations of manipulative short selling in Sedona stock. Badian also faces criminal conspiracy charges.
A Sedona spokeswoman didn't return a phone call seeking comment. Attorneys for Ladenburg Thalmann and Pershing weren't immediately available to comment.
James Wesley Christian, of the Houston law firm of Christian Smith & Jewell, which represents Sedona, said the decision allows the company to proceed "against all defendants on all the claims that we think are important." He said the firm intends to replead those portions of the case that were dismissed, spend a year or more in discovery, and go to trial eventually against all existing defendants, with others added as they become known.
Perrie Weiner, an attorney with DLA Piper Rudnick Gray Cary, in Los Angeles, who represents some of the defendants, called the ruling a partial victory that dismisses many but not most of the "flimsy" claims against his clients. He said he is confident the judge will dismiss with prejudice any claims that Sedona tries to revive, preventing the company from arguing them again.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
Sponsored by
http://www.sec.gov/litigation/complaints/comp18003.htm
Remember, this covers ONE MONTH. The fine was a measely 1MM. But that, unfortunately is how the SEC works. In Dec, 03, the bastards were arrested. One scooted to Switzerland, one got caught. They ever screw their own brothers. Skip skip skip.
May 16, 2005
http://www.rgm.com/articles/thestreet3.html
Now do you think this is a one time event? Sedona was blessed. they had an ex SEC commish on their board. They have a rabbi who saved the company, and although diluted, they are alive and kicking. Their lawsuit is for 2.2 Billion.
They weren't always OTCBB. This was a $10 stock with a very potent software product. Now just this last week, they were granted discovery. That means, open up your books. I want to see who your customers are.
Sedona Wins Crt OK To Proceed In Part With Short-Sale Suit
By JUDITH BURNS
August 9, 2005 5:35 p.m.
Of DOW JONES NEWSWIRES
WASHINGTON -- A federal judge issued a ruling Tuesday allowing Sedona Corp. (SDNA) to proceed in part with a lawsuit against investment banks, brokers and others it claims manipulated its stock, causing shares to plummet in mid-2000.
Judge Laura Taylor Swain, of U.S. District Court in Manhattan, rejected arguments to block the case on the grounds that too much time had elapsed when Sedona filed its suit in 2003. The judge partly denied and partly granted other motions by defendants to dismiss the case while allowing Sedona another chance to replead the dismissed claims.
The decision clears the way for Sedona, a King of Prussia, Pa., software company, to begin at least partial discovery in its case against Ladenburg Thalmann & Co., Inc., Pershing LLC, Westminster Securities Corp., Rhino Advisors Inc., Amro International S.A., Thomas Badian, and more than 100 unnamed defendants. The company is seeking up to $2.6 billion in damages.
Sedona hired Ladenburg Thalmann as its investment banker in 2000 and entered into a deal to obtain up to $50 million of financing. Sedona claims its was victimized by a "pump and dump" scheme to inflate its stock price before the defendants dumped it, allowing them to profit from the market manipulation and increased conversion rights afforded under the so-called "death spiral" financing.
The Securities and Exchange Commission is investigating the matter. Refco Group Ltd. LLC announced in May that a subsidiary, Refco Securities, had been notified that the SEC's staff intends to recommend the Commission bring an enforcement action against the firm based on short sales of Sedona stock in 2000. Short sellers borrow stock and profit when the stock price declines, allowing them to replace shares at a reduced price. In early 2003 Rhino Advisors, a New York investment firm, and president Thomas Badian agreed to a $1 million settlement with the SEC without admitting or denying allegations of manipulative short selling in Sedona stock. Badian also faces criminal conspiracy charges.
A Sedona spokeswoman didn't return a phone call seeking comment. Attorneys for Ladenburg Thalmann and Pershing weren't immediately available to comment.
James Wesley Christian, of the Houston law firm of Christian Smith & Jewell, which represents Sedona, said the decision allows the company to proceed "against all defendants on all the claims that we think are important." He said the firm intends to replead those portions of the case that were dismissed, spend a year or more in discovery, and go to trial eventually against all existing defendants, with others added as they become known.
Perrie Weiner, an attorney with DLA Piper Rudnick Gray Cary, in Los Angeles, who represents some of the defendants, called the ruling a partial victory that dismisses many but not most of the "flimsy" claims against his clients. He said he is confident the judge will dismiss with prejudice any claims that Sedona tries to revive, preventing the company from arguing them again.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
Sponsored by