July 24, 2008
What are you guys thinking? I have been witnessing the activity by market makers for the past 10 years. I have and still own multiple pink sheet stocks that I felt had real promise, only to see them cellar boxed into oblivion. Leslie Hackela once stated that you could not pay less than .0001 for any stock. I have personally bought millions of shares of CMKX for anywhere from .00003 to .00009. I have the transactions through Schwab (hard copies).
You're admitting for the first time that there really is such a thing as "Naked Shorting", that's one achievement for us(the little guy). This has been going on for years and you have turned a blind eye to it. Thousands of companies have been destroyed because of this practice.
Now you're asking to stop the naked shorting activity ONLY for these big financial services companies??? What are you thinking? Do you realize how absurd this sounds to those of us that have been pleading for years for you to do your job and REGULATE these markets and PROTECT we investors?
I hope you all come tumbling down...really A few years in Federal Prison should be a life changing experience for the guilty and greedy among you. What goes around, comes around.
With little respect,