Post by eureka1968 on Sept 7, 2007 16:58:54 GMT -5
By: abadgoodgirl
07 Sep 2007, 09:31 AM EDT
Msg. 600589 of 600589
(This msg. is a reply to 600397 by oil.ipo.)
Jump to msg. #
oil.ipo, thank you seems inadequate in light of the compliment paid to my research. Sooooo, thank you tons and tons and tons!
Now, back to business. The grandfather clause had a part (i) and a part (ii) [which you know... but I didn't want to begin a new thread]
So for anyone out there who still doesn't understand, the monumental wrong is not quite righted in the totality.
part ii of the grandfather clause, its elimination was proposed along with or grandfather clause on June 13, 2007 but the Commissioners declined to eliminate part (ii) of the felony grandfather clause which basically says that market participants can legally have open NSS on a stock in which the participants have an option.
So lets say they have a call option [they can buy the stock at a certain price at a certain date] because they are SHORT the underlying stock itself. The criminality of this SECOND part of the grandfather clause is that the SEC, once again, behaving in a criminal fashion, ALLOWS NSS (not just regular shorting).
The SEC is allowing criminal behavior to persist by facilitating the participants' illegal short positions, which corrupts the price of the security.
So on June 13th, 2007, rather than eliminating both (i) & (ii) of the felony illegal grandfather clause, the SEC eliminated (i) and not (ii) [options market maker exception].
Instead, the SEC re-proposed its elimination of the felony and published the newly proposed elimination on its website on August 6th, 2007 which was published in the federal register on Friday, August 10, 2007.. which began the 30 day comment period on whether or not to allow the felony [which they are not entitled to allow; but we know the SEC can be brought up on charges of treason since making felony rules is against the constitution anyway.]
So the 30 day comment period ends on Sunday (there were 31 days in August so it will be 9/10/07). Over the past 30 days, the market makers were allowed to submit comments on why the felony should not be eliminated.
Then the vote has to be scheduled [or they can do it in the ordinary course of business] at which point the elimination of part (ii) of the felony NSS relating to options should be published on the SEC's' website and then in the Federal Register and will be given an effective date.
In summary, part (i) of felony was eliminated by vote in June and publication in August with an effective date of 60 days from publication. Part (ii) of the elimination of the felony was re-proposed as published in the Federal Register on August 10th and 30 days were given to the market makers to submit comments about why they should be allowed to illegally short the underlying stocks of options.
Honestly, this monumental wrong, which includes the felony grandfather clause, has no business effecting our payment at this point. In my opinion, oil.ipo is absolutely correct and $$ was paid for each cert and it should be and can be distributed.
However, what if our NSS in the trillions is the most formidable leverage on the planet to effect this change? Then of course we are righting a monumental wrong and we should have been writing and faxing comment letters for the past 30 days.
Remember, our CERT PULL puts those at the SEC/DTCC/Federal Reserve/Gov't officials BEHIND BARS. Irrefutable proof of treason and counterfeiting. One would think the SEC would have moved faster in light of the fact that life behind bars IS an option...not to mention the trillions for which they can all be sued...and that includes the private stockholders of the Federal Reserve and DTCC which are 'for profit' corporations.
07 Sep 2007, 09:31 AM EDT
Msg. 600589 of 600589
(This msg. is a reply to 600397 by oil.ipo.)
Jump to msg. #
oil.ipo, thank you seems inadequate in light of the compliment paid to my research. Sooooo, thank you tons and tons and tons!
Now, back to business. The grandfather clause had a part (i) and a part (ii) [which you know... but I didn't want to begin a new thread]
So for anyone out there who still doesn't understand, the monumental wrong is not quite righted in the totality.
part ii of the grandfather clause, its elimination was proposed along with or grandfather clause on June 13, 2007 but the Commissioners declined to eliminate part (ii) of the felony grandfather clause which basically says that market participants can legally have open NSS on a stock in which the participants have an option.
So lets say they have a call option [they can buy the stock at a certain price at a certain date] because they are SHORT the underlying stock itself. The criminality of this SECOND part of the grandfather clause is that the SEC, once again, behaving in a criminal fashion, ALLOWS NSS (not just regular shorting).
The SEC is allowing criminal behavior to persist by facilitating the participants' illegal short positions, which corrupts the price of the security.
So on June 13th, 2007, rather than eliminating both (i) & (ii) of the felony illegal grandfather clause, the SEC eliminated (i) and not (ii) [options market maker exception].
Instead, the SEC re-proposed its elimination of the felony and published the newly proposed elimination on its website on August 6th, 2007 which was published in the federal register on Friday, August 10, 2007.. which began the 30 day comment period on whether or not to allow the felony [which they are not entitled to allow; but we know the SEC can be brought up on charges of treason since making felony rules is against the constitution anyway.]
So the 30 day comment period ends on Sunday (there were 31 days in August so it will be 9/10/07). Over the past 30 days, the market makers were allowed to submit comments on why the felony should not be eliminated.
Then the vote has to be scheduled [or they can do it in the ordinary course of business] at which point the elimination of part (ii) of the felony NSS relating to options should be published on the SEC's' website and then in the Federal Register and will be given an effective date.
In summary, part (i) of felony was eliminated by vote in June and publication in August with an effective date of 60 days from publication. Part (ii) of the elimination of the felony was re-proposed as published in the Federal Register on August 10th and 30 days were given to the market makers to submit comments about why they should be allowed to illegally short the underlying stocks of options.
Honestly, this monumental wrong, which includes the felony grandfather clause, has no business effecting our payment at this point. In my opinion, oil.ipo is absolutely correct and $$ was paid for each cert and it should be and can be distributed.
However, what if our NSS in the trillions is the most formidable leverage on the planet to effect this change? Then of course we are righting a monumental wrong and we should have been writing and faxing comment letters for the past 30 days.
Remember, our CERT PULL puts those at the SEC/DTCC/Federal Reserve/Gov't officials BEHIND BARS. Irrefutable proof of treason and counterfeiting. One would think the SEC would have moved faster in light of the fact that life behind bars IS an option...not to mention the trillions for which they can all be sued...and that includes the private stockholders of the Federal Reserve and DTCC which are 'for profit' corporations.
