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Post by joeypotsandpans on Dec 22, 2015 14:16:47 GMT -5
Article a friend sent me, if this is buried somewhere else I apologize for re posting but it "hits home" so to speak: www.thesipa.com/blog/2015/12/21/who-is-the-real-criminal-here/I didn't put this in the MS threads as it is much bigger than just him, which we all know already but it brings the point out about the SEC, etc. |
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Post by Deleted on Dec 22, 2015 14:36:41 GMT -5
Nice article. It will be a real heard scratcher if no one else's name comes out of his investigation but it wont surprise me either
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Post by Deleted on Dec 22, 2015 15:09:44 GMT -5
For those smarter then me. From the article
Regulation SHO states : “Rule 203(b)(1) and (2) — Locate Requirements. Rule 203(b)(1) generally prohibits a broker-dealer from accepting a short sale order in any equity security from another person, or effecting a short sale order in an equity security for the broker-dealer’s own account, unless the broker-dealer has:
borrowed the security
entered into a bona-fide arrangement to borrow the security
has reasonable grounds to believe that the security can be borrowed so that it can be delivered on the date delivery is due
If the transaction occurs without the shares being available and they cannot be delivered would this cause a failure to deliver which is a naked short? Am I understanding this right?
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Post by vissertrades on Dec 22, 2015 15:13:25 GMT -5
MNKD stock fell on heavy volume around that Feb 1st 2011 timeframe, hmmm, right after CRL news that he lobbied for Dec 25th 2010. Stinks a lot!
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Post by kbrion77 on Dec 22, 2015 15:46:31 GMT -5
At what point will the SEC f'n wake up!!!!!!! This guy has handed you securities and trading fraud on a silver platter!!!!
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Post by inittowinit on Dec 22, 2015 19:04:32 GMT -5
The surface has barely been scratched on this deal...the SEC / FBI have a GOLDEN OPPORTUNITY here
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Post by gcozz on Dec 22, 2015 19:08:50 GMT -5
I think it goes something like this:
Brokerage Firm to Hedge Fund: Hey you seem like honest guys, here's direct access to our trading system and naked shorting privileges (ostensibly to maintain orderly markets as a Market Maker). Feel free to use it in pursuit of your trading strategy. And by the way, thanks for the order flow!
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Post by mindovermatter on Dec 22, 2015 19:17:51 GMT -5
The surface has barely been scratched on this deal...the SEC / FBI have a GOLDEN OPPORTUNITY here How can they do this when they already issued their indictment and none of the counts have to do with Mannkind? |
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Post by inittowinit on Dec 22, 2015 19:41:02 GMT -5
It's called ratting out your partners in crime. Look, it makes No difference to me if it was MNKD or Jimmy's Taco Stand. I want some freaking justice. Do you think that narcissistic SOB will take one for the team? Oh hell no. Rant over. I fell better.
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Post by careful2invest on Dec 28, 2015 3:55:08 GMT -5
The surface has barely been scratched on this deal...the SEC / FBI have a GOLDEN OPPORTUNITY here How can they do this when they already issued their indictment and none of the counts have to do with Mannkind? I believe that they can still indict him on additional charges that may or may not include MNKD. While reading that article, I found what I was reading was more than eerily familiar to what we have witnessed while owning MNKD for the last six years. This IS a Golden Opportunity for the SEC/FBI. If more indictments are not issued, it will prove to be a case of the fox guarding the chicken coop, and that the corruption runs VERY deep! I hate to believe that there could be such a huge conspiracy, but I believe that members of the SEC had to be aware of it! Jim Cramer and Adam Feurstein should be sweating right now because they are probably next! Not to mention Goldman Sachs! |
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