Our short position in USCA : NaabTrade

[alrich]

NaabTrade

A monthly newsletter provided by Naab Investments & Trading





Bush Wins, Energy Wins!

November 2004 Issue





With the elections past us, the markets will begin to focus on the economy and earnings once again. We feel that Bush’s next four years will be much better for the market than the previous four. We look to move to nearly fully invested in the coming weeks in our managed accounts and the model Portfolios. We will be focusing on the energy sector, with smaller forays into the financials and insurance stocks.



A new issue this month we will be adding to the Long Term Growth Portfolio is Canadian Oil Sands Trust (COSWF). The stock is very thinly traded on the Pink Sheets, so we advise you to place limit orders only. COSWF is a trust that owns 37% of Syncrude, the only other major oil sands firm besides Suncor (SU). Syncrude is also 25% owned by Exxon, 12% by Petro-Canada, and 9% by ConocoPhillips. Plans are on the drawing board to increase production from today’s 1 million barrels per day to 3 million barrels per day in the next decade. Currently, it cost Syncrude about $12.50 per barrel of operating costs, so oil above $30 is highly profitable. That makes it viable for the oil majors to spend billions of dollars and several years developing oil sands projects. Syncrude and Suncor will be at the forefront. Remember it is estimated that oil sands in Canada contain nearly 500 billion barrels of oil. Some highball estimates have the pegged the amount as high as 1 trillion barrels. The U.S. Energy Information Agency estimates the official reserves at 175 billion barrels.



In 2003 Canada passed Saudi Arabia and Mexico as the number one source for foreign oil. It now exports 63% of its output to the United States. In 2004, 35% of Canada’s total oil output will come from oil sands. By 2015 it is estimated that virtually all onshore production will come from oil sands. New technologies are on the way that could reduce the operating cost per barrel to as low as $7.50. These new technologies will be needed to offset the cost of high natural gas currently used in the extraction process. We advise that you take a look at Syncrude’s website www.syncrude.com/ for more information.



COSWF is the only pure way to buy into Syncrude. It currently trades around $48, near its high. We are advising that limit buy orders be placed at $46 per share. We will be initiating an 8% weighting in COSWF in the Long term Growth Portfolio at $46 once it reaches that price. This will put us on margin slightly in that portfolio, but we are holding 15% MGM, which is being acquired shortly. Once the MGM deal closes, we will be off of margin.



Bigger pipelines will also be needed to get the increased oil production to the United States. We think a HUGE beneficiary of the newly needed capacity will be TransCanada Corporation (TRP). TRP is engaged in the transmission and distribution of natural gas and power in the United States and Canada. TRP owns and/or operates or has under construction or development a number of power plants, and purchases power under a number of power purchase arrangements. We are not going to go into detail this letter on TRP, but we will in the future. Managed accounts may see TRP added to their portfolios in the coming weeks as well. We are taking a 5% weighting in TRP at the current price of 22.70 in the LTGP. This will put us further on margin, but the 15% we hold in MGM will be acquired for $12.00 soon.



Pfizer is still under pressure due to fears over Celebrex and whether it is going to be the next Vioxx. Our readings indicate that this drug presents none of the cardiac problems that Vioxx was having. If Celebrex can stay on the market, it will, undoubtedly, get 90% of the Vioxx subscriptions. This would equate to several billion dollars for Pfizer without having to do much. Vioxx was approximately a $2.7B a year drug for struggling Merck. At this point the risk/reward is in our favor for holding Pfizer. If Celebrex is proven safe, it goes to $40-42 within a year. Pfizer might then approach all time highs again after a major breakout above the $45 to $50 level. If Celebrex is taken off the market, PFE probably falls $5 more at most. In the October newsletter, we recommended purchasing new or additional shares of PFE on dips under $28.00. On October 22nd PFE did dip below $28 and is still near that level. We added 2% more in the LTGP on that dip to $28.00.

AT&T Wireless (AWE) was finally bought out by Cingular. The deal closed October 27th at $15.00 per share. We will be putting the cash to work in several other stocks. This was a great trade for us, and we are glad we held for the final deal closing while the market treaded water. We picked up an extra 8% or so while the market went nowhere. This freed up a lot of cash for us to do some shopping.

Our short position in US Canadian Minerals (USCA.OB) is going to be a winner for us. On October 28th the SEC issued this:

The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 ("Exchange Act"), of over-the-counter trading of the securities of U.S. Canadian Minerals Inc. (OTC Bulletin Board symbol “USCA”), of Las Vegas, Nevada. The suspension will commence at 9:30 a.m. EDT, October 28, 2004, through 11:59 p.m. EST, on November 10, 2004. The Commission temporarily suspended trading in the securities of U.S. Canadian Minerals because of questions that have been raised about the accuracy of publicly disseminated information concerning, among other things, U.S. Canadian Minerals’ financing and mining activities and the value of U.S. Canadian Minerals’ purported assets.

USCA effected a 3 for 1 stock split the day before the trading suspension. It was just another strange move by the company. We have adjusted the prices and reflected the new trading symbol in the Model Portfolios. We expect the stock to crater to under $1 once the suspension is lifted. By early next year we look for USCA to be around 10¢-20¢. For managed accounts, we will try to push the large capital gains out to 2005.



Our short position in Travelzoo (TZOO) did not work out as well. We were quickly stopped out at 77 on November 1st. This stock is still being squeezed, and we have no idea when the bubble will burst. For now we’ll leave this stock alone, but we will likely revisit a short position in the future.



We will send a Flash Bulletin via email with any urgent updates or new stock trades. Email any thoughts or comments to [e-mail].





Portfolio Updates (Longs)



Altria Group (MO)

Gave an upbeat report to analysts yesterday. They plan to split the company into three separate stocks. Very bullish. We may look to add to position in the high 40’s.



Suncor Energy (SU)

This stock has rallied considerably since we added to the LTGP. We are raising our buy price to $30.00 per share. We may pull back to that level if oil continues to set back.



Texas Pacific Land Trust (TPL)

TPL has run away since we recommended it at $63 and is now near $100. We would definitely hold off on any new purchases for now, but would not sell.



AT&T Wireless (AWE)

The merger closed on October 27th and all clients received $15.00 per share.







Portfolio Updates (Shorts)



US Medsys (UMSY)

Has dipped below support in the $2.80 to $3.00 area. We’ll cover below $1.00.



US Canadian Minerals (USCA)

Has been suspended from trading until November 10th. We’ll cover sometime in 2005.



Travelzoo (TZOO)

We were stopped out at $77 in all portfolios on 11/1/04. We may try this short again in the future.





Portfolios (Latest updates in blue text)



NaabTrade Short Term Growth Portfolio (STGP)

Date last updated:
11/5/04




*All returns calculated without dividends



Symbol
Action
Yield
Date Bought
Entry Price
Current Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)

MGM
Long
N/A
5/17/04
$12.00
$11.83
-1.42%
18.00%
To be bought for $12.00.

EMC
Long
N/A
5/17/04
$10.25
$12.96
26.44%
15.00%
Reported strong earnings on October 19th.

SIE
Long
N/A
4/21/04
$36.00
$51.24
42.33%
5.00%
Likely takeover target in consolidating industry.

MGM
Long
N/A
5/17/04
$11.80
$11.83
0.25%
5.00%
To be bought for $12.00.

RIGS
Long
0.97%
7/8/04
$20.75
$20.85
0.48%
5.00%
PNC to buy for roughly $25 per share.

TVL
Long
N/A
7/8/04
$20.02
$18.40
-8.09%
5.00%
Takeover target. Look for $26-$27.

MGM
Long
N/A
8/25/04
$11.45
$11.83
3.32%
8.00%
To be bought for $12.00.

Cash
N/A
N/A
N/A
N/A
N/A
N/A
24.00%
Waiting for opportunities











UMSY
Short
N/A
6/28/04
$5.30
$2.35
55.66%
10.00%
Company a delisting in the making. Target is below $1.00

USCA
Short
N/A
10/19/04
$5.00
$5.65
-13.00%
5.00%
Trading suspended by SEC until November 10th.





















Recently closed out positions:
















Symbol
Action
Date Bought
Date Sold
Entry Price
Exit Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)

AWE
Long
4/20/04
10/27/04
$10.50
$15.00
42.86%
12.00%
Acquired for $15.00 per share 10/27/04.

TZOO
Short
10/19/04
11/1/04
$55.00
$77.00
-40.00%
5.00%
Continues to feel the short squeeze.

GREY
Long
7/8/04
10/4/04
$950.00
$1000
5.26%
5.00%
Achieved our $1000 target on October 4th.

WHIS
Short
4/15/04
7/13/04
$5.90
$2.75
53.39%
5.00%
Dipped below $2.75 on July 13th.

AMTY
Short
4/23/04
7/9/04
$12.00
$7.99
33.42%
5.00%
Dipped below $8.00 on July 9th.

ABIX
Short
4/22/04
5/20/04
$9.83
$3.75
61.85%
5.00%
Had to take quick gain handed to us by daytraders.

IMM
Short
4/12/04
5/13/04
$22.50
$14.10
37.33%
10.00%
Will look to short around $20.00 again.

VAPH
Short
3/17/04
5/13/04
$8.22
$0.65
92.09%
8.00%
Company has little chance of survival.

EDS
Long
3/4/04
4/20/04
$20.25
$20.01
-1.19%
10.00%
A small winner after selling calls in consecutive months.










NaabTrade Long Term Growth Portfolio (LTGP)




Date last updated:
11/5/04
















Symbol
Action
Yield
Date Bought
Entry Price
Current Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)

MGM
Long
1.90%
5/17/04
$12.00
$11.83
-1.42%
15.00%
To be bought for $12.00.

PFE
Long
1.90%
5/13/04
$35.25
$28.84
-18.18%
8.00%
Core LT healthcare holding. Added 2% more on 10/22/04.

EMC
Long
N/A
5/17/04
$10.25
$13.02
27.02%
8.00%
Core LT technology holding. Buy below $11.00.

COSWF
Long
4.00%
N/A
N/A
$48.43
N/A
8.00%
Core LT energy holding. Buy below $47.00.

TRP
Long
4.20%
11/5/04
$22.70
$22.70
0.00%
5.00%
Core LT energy holding. Buy below $23.00.

SGP
Long
1.32%
5/12/04
$16.30
$18.58
13.99%
5.00%
Turnaround/Takeover candidate. Buy below $17.00.

NXTL
Long
N/A
5/12/04
$23.70
$27.66
16.71%
5.00%
Takeover candidate and growth story. Buy below $24.00.

SU
Long
0.72%
4/29/04
$22.94
$33.72
46.99%
5.00%
Core LT energy holding. Buy below $30.00.

WMB
Long
0.38%
4/25/04
$9.20
$13.33
44.89%
5.00%
Turnaround story in energy industry. Buy below $10.00.

MRO
Long
2.95%
1/1/04
$29.78
$38.50
29.28%
5.00%
Core LT energy holding. Buy below $30.00.

MO
Long
5.46%
11/6/00
$34.00
$54.02
58.88%
5.00%
We may look to add to position in the high 40's.

RAI
Long
6.54%
8/24/00
$36.25
$70.51
94.51%
5.00%
Hold.

TPL
Long
0.79%
6/2/04
$63.20
$94.40
49.37%
5.00%
Hold. Stock ran away from us.

CP
Long
2.00%
6/2/04
$22.40
$28.89
28.97%
5.00%
Buy at $23.00 or less for LT appreciation.

PFE
Long
1.90%
10/22/04
$28.00
$28.84
3.00%
2.00%
Core LT healthcare holding. Added 2% 10/22/04.

Cash
N/A
N/A
N/A
N/A
N/A
N/A
-6.00%
We are now on 6% margin after TRP buy. Await COSWF.











USCA
Short
N/A
10/19/04
$5.00
$5.65
-13.00%
5.00%
Trading suspended by SEC until November 10th.

AMR
Short
N/A
9/20/01
$19.00
$9.04
52.42%
5.00%
Stay short as fuel costs skyrocket.

UMSY
Short
N/A
6/28/04
$5.30
$2.35
55.66%
5.00%
Company a delisting in the making. Target is below $1.00.































Recently closed out positions:
















Symbol
Action
Date Bought
Date Sold
Entry Price
Exit Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)

AWE
Long
4/20/04
10/27/04
$9.90
$15.00
49.49%
5.00%
Acquired for $15.00 per share 10/27/04.

TZOO
Short
10/19/04
11/1/04
$55.00
$77.00
-40.00%
5.00%
Continues to feel the short squeeze.

UAIRQ
Short
9/20/01
9/13/04
$5.30
$0.71
86.60%
5.00%
Probably as low as it will trade for awhile.

IMM
Short
4/12/04
8/4/04
$22.50
$9.15
59.33%
5.00%
Continues lower now at $8.80.

VAPH
Short
3/17/04
5/13/04
$8.22
$0.65
92.09%
8.00%
Company has little chance of survival.

UALAQ
Short
9/20/01
5/26/04
$18.00
$1.00
94.44%
5.00%
Finally traded at our buy-in price.










NaabTrade Focused Aggressive Growth Portfolio (f*gP)



Date last updated:
11/5/04
















Symbol
Action
Yield
Date Bought
Entry Price
Current Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)

MGM
Long
N/A
5/17/04
$12.00
$11.83
-1.42%
20.00%
To be bought for $12.00.

MGM
Long
N/A
6/10/04
$12.30
$11.83
-3.82%
15.00%
To be bought for $12.00.

EMC
Long
N/A
5/17/04
$10.25
$13.03
27.12%
15.00%
Reported strong earnings on October 19th.

MGM
Long
N/A
6/2/04
$11.80
$11.83
0.25%
10.00%
To be bought for $12.00.

RIGS
Long
0.97%
7/8/04
$20.75
$20.86
0.53%
5.00%
PNC to buy for roughly $25 per share.

TVL
Long
N/A
7/8/04
$20.02
$18.38
-8.19%
5.00%
Takeover target. Look for $26-$27.

Cash
N/A
N/A
N/A
N/A
N/A
N/A
10.00%
Waiting for opportunities.











USCA
Short
N/A
10/20/04
$4.71
$5.65
-19.96%
10.00%
Trading suspended by SEC until November 10th.

UMSY
Short
N/A
6/28/04
$5.30
$2.35
55.66%
10.00%
Company a delisting in the making. Target is $1.00































Recently closed out positions:
















Symbol
Action
Date Bought
Date Sold
Entry Price
Exit Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)

AWE
Long
4/20/04
10/27/04
$9.90
$15.00
51.52%
20.00%
Acquired for $15.00 per share 10/27/04.

TZOO
Short
10/19/04
11/1/04
$60.00
$77.00
-28.33%
10.00%
Continues to feel the short squeeze.

AWE
Short
1/14/04
10/20/04
$9.90
$14.84
49.90%
20.00%
We chose to sell early to raise cash for short sales.

GREY
Long
7/8/04
10/4/04
$950.00
$1000
5.26%
5.00%
Achieved our $1000 target on October 4th.

ABIX
Short
4/22/04
5/20/04
$9.83
$3.75
61.85%
15.00%
Had to take quick gain handed to us by daytraders.

IMM
Short
4/12/04
5/13/04
$22.50
$14.10
37.33%
20.00%
Will look to short around $20.00 again.

VAPH
Short
3/17/04
5/13/04
$8.22
$0.65
92.09%
15.00%
Company has little chance of survival.



www.naabtrade.com/monthlies/thanksgiving04.htm

[alrich]

Interesting from 81 Spiderman
« Thread Started on Oct 4, 2006, 10:46pm »
--------------------------------------------------------------------------------
NaabTrade
A monthly newsletter provided by Naab Investments & Trading


US Canadian Minerals—The Latest Ponzi Scheme?
October 2004 Issue

We are initiating short positions in US Canadian Minerals (UCAD.OB). This is a short seller’s dream stock. As long as we do not get squeezed we are going to ride this into the ground. Here is the story of UCAD. It has a market cap of $100 million or $300 million depending on which outstanding share count you use. In the last SEC filing on 8/23/2004 they listed cash of $1.321.00. Some of my friends carry that much in their wallet at times. You can guess what the revenues are. Zilch, Zero, Nada. They received a “going concern” letter from their auditors. So what is UCAD and why has it gone from under a $1 to over $15 in the last few months? UCAD has undergone a series of swaps of money, shares, mines, trucks, offices, diamonds, you name it, with other worthless pink sheet companies. There are so many details to these deals it makes my head spin. As StockLemon says “The mines have no proven success; you can shuffle worthless entities around all day long, but at the end of the day ... you still end up with nothing, regardless of share price.”

It is believed that UCAD is delinquent in submitting 8K’s to the SEC that would explain to regulators how their business is going to be funded with that whopping $1321.00 they have on the books. The SEC could and may halt trading at any moment. But there is more to the story. The largest shareholder, John Edward Dhonau, has been associated with many companies in the recent past. Here is where they all currently trade. PYBS ($0.03), FDNN ($0.002), VEII ($0.115), CYGX ($0.25). Wish I had all those in my 401K. NOT! In a recent bio he stated that he was president of World Class Network, a private company that developed hotel tour packages. World Class was charged with consumer fraud and ordered to pay over $3 million back to clients. The company was merely a multi-level marketing scheme. Dhonau was once sanctioned by the Ohio Securities Commission for selling unregistered securities.

How about the CEO? Rendal Williams, former CEO of failed Barrington Foods, a soy product venture. Fresh off the food company failure, he takes over the reigns of a mineral company. Sounds like a jack of all trades. A recent interview with Mr. Williams can be heard at www.thegreenbaron.com. The president of UCAD is John Woodward, an inactive California attorney. Curiously Woodward is also listed as the president of CYXG ($0.22). Also curious is that Mr. Dhonau is also the largest shareholder in CYXG. Does this sound like a web of deception or what? The COO of UCAD is Richard Taulli. He has been linked to several bulletin board and pink sheet dogs as well.

I’m not sure how the CEO, COO, and president are going to divvy up the remaining $1321.00 for their year end bonus. UCAD had been quick to release press touting that their financier, Langley Park Investments, has been cleared to trade in the UK. Wow! Trade in the UK, how prestigious! Langley has committed no money and probably has none, UCAD has not filed an 8K discussing this relationship, and Langley is nothing but a hodgepodge of worthless penny stocks. Why doesn’t Spitzer go after guys like these? We encourage you to also visit UCAD’s glorious website at www.uscanadian.net/. Be sure and get your CKMX Visa card too!! This company is laughable.

UCAD currently trades at just over $15, so we are initiating short sales at $15 or above. Many of our Portfolio Managed Program clients will start to see short sales in your accounts over the next few days as we try to find the shares to borrow. Shares may also become more available for shorting after the 3 for 1 stock split goes into effect. UCAD has released no details as to when that will be. Don’t ask me why they are doing a stock split either? It may be halted from trading before the split is ever effected.
We will send a Flash Bulletin via email with any urgent updates or new stock trades. Email any thoughts or comments to [e-mail].

Portfolios (Latest updates)
NaabTrade Short Term Growth Portfolio (STGP)
Date last updated:
10/19/04


*All returns calculated without dividends

Symbol
Action
Yield
Date Bought
Entry Price
Current Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)
UCAD
Short
N/A
10/19/04
$15.00
$15.00
0.00%
5.00%
Ponzi scheme headed for trading halt by SEC.



NaabTrade Long Term Growth Portfolio (LTGP)

Date last updated:
10/19/04

Symbol
Action
Yield
Date Bought
Entry Price
Current Price
Return (w/o divs)
% of Portfolio
Current Advice (Latest updates in blue)
UCAD
Short
N/A
10/19/04
$15.00
$15.00
0.00%
5.00%
Ponzi scheme headed for trading halt by SEC.



NOTE: UCAD represented 5% of their entire portfolio.


It is my belief that this type of mindset surrounded CMKM and partners and if we were exposed to all the newletters put out by other firms and directed to key short-sellers, you would all be appauled IMO.

Understand that you will not find this newsletter any longer on their website. Shortly after I discovered it in Nov. 2005, it disappeared. However, I kept the cached code and passed it on to the company for their perusal. I trust it ended up in the right hands.

You have the right to know this infomation. If this doesn't boil your blood, I don't know what will. NASD investigators......how do you say, "let's short this company into oblivion.

Spiderman
GLTA

My blood is boiling allright!!!! Link to Post - Back to Top Logged
cmkxunitedforum.proboards.com/index.cgi?board=general&action=display&thread=6249

[only2percent]

Why did this surface now? After 7 years ...



We were robbed much later, or earlier, if count from the inception of The Plan for New American Century, and not by Naab Investments & Trading, or Rendal Williams ...



We are not just "boiled", but almost "cooked", while some are "well done" into the ground, already ...

[alrich]

2%, you better not be referring to me. I just happened to come across it doing other DD, but I remember this clearly.I posted the truth, I have been here 7 years. In fact, I never like anything you post.

[only2percent]

Jul 23, 2011 22:40:22 GMT -5 alrich said:

2%, you better not be referring to me. I just happened to come across it doing other DD, but I remember this clearly.I posted the truth, I have been here 7 years. In fact, I never like anything you post.

Sorry, alrich, that You feel that way. It was not meant to get personal.



It's, indeed, a very impressive material , but following upon it now would constitute a disruption.


Do we really like going or leading in circles?

[alrich]

2%, this is a pro-active board, if I can find anything from the past to assist proving we were naked shorted, I'll present it; facts are facts . Of course the SEC and DOJ don't seem to care unless it suits them; they don't give a shit about the average American Investor, because to them, an investor is someone with a net asset value of $ 1 million or more. Now, I'll be anxiously waiting for anything constructive you can offer, to assist us in getting our roi, the ball is in your court.

[only2percent]

One can't effectively wield a sword in a fog. We are subjected to massive disinformation on the Internet and in the Media.

Jul 24, 2011 10:45:30 GMT -5 alrich said:

2%, this is a pro-active board, if I can find anything from the past to assist proving we were naked shorted, I'll present it; facts are facts . Of course the SEC and DOJ don't seem to care unless it suits them; they don't give a shit about the average American Investor, because to them, an investor is someone with a net asset value of $ 1 million or more. Now, I'll be anxiously waiting for anything constructive you can offer, to assist us in getting our roi, the ball is in your court.

[alrich]

Letter is from October 2004. tinypic.com/c401d

TD Waterhouse letter to CMKM Diamonds Shareholders.



Read more: camrhon.proboards.com/index.cgi?board=safe&action=display&thread=8049#ixzz1TKCq4oj0http://tinypic.com/c401d

[alrich]

www.stockhouse.com/bullboards/MessageDetail.aspx?s=CMKX&t=LIST&m=20401893&l=0&pd=0&r=0 The news of the bankruptcy of Crown Financial Holding Inc., (and the action of it’s wholly- owned subsidiary Crown Financial Group, Inc. September 30,) in my opinion could go along way in explaining just how a settlement could be reached between CMKX, Brokers, Market Makers, SEC and the DTC. It has always concerned me as to how the brokers, MM’s, SEC and DTC could come to settlement terms with CMKX’s reported very large naked short position without loosing face and credibility as pillars of the financial system in the United States. Talk of a public settlement has never been a realistic option imo because of all the different entities involved and a public announcement would undoubtedly cause other companies to follow suit and that would be major problems for all. In my opinion it is no coincidence that John Edwards (who reportedly held controlling interest in Crown) is closely associated with both CMKX and Crown Financial Holding who through its subsidiary Crown Financial Group was a major Market Maker in CMKX for a very long time. Those who watched Level II for the biggest part of 2004 always saw Jefferies, Knight or Crown as the most active market makers at a time when billions of shares were being traded on a daily basis. When the CMKX naked short problem became unsolvable because of the issuance of dividends by the company it caused the SEC, DTCC and CMKX to negotiate a plan that would satisfy all parties involved. The high volume numbers we witnessed during the latter part of 2004 could have been all of the naked short market makers rolling all of their CMKX naked short shares into one Market Maker (Crown Financial Group) for the purpose of clearing their books. This plan would then lead to the eventual bankruptcy and collapse of Crown and the SEC and DTCC could then step in and settle all outstanding NSS of this single entity without causing a major disruption in the markets. My observations along with the Edwards, Crown, CMKX connections lead me to believe that the Crown Group was used as scapegoat for all of those brokers and market makers who suddenly found themselves in an irreversible NSS positions. This plan would allow the MM’s and brokers who were a part of the CMKX NSS problem to quietly pay their share of the debt (predetermined settlement) to the DTC without publicly getting their collective hands dirty. The DTC would then in turn pay company shareholders as a part of the insurance it offers as insurers of an orderly market place. The plan would also allow the SEC to take action against CMKX for the purpose of slowing share volume to a crawl until the company and SEC and DTC could work out the above mentioned deals with various brokers and Market Makers. During this same period of time the MM’s would be working out deals with Hedge funds and other short sellers. The DTC and SEC could stay out of the spotlight as to their involvement as it would come down to a small market maker (Crown Financial Group) who is now bankrupt as being the major perpetuator of the problem. It would not surprise me if the shareholders of Crown end up with some type of compensation when all is said and done. This theory might explain the seemly strange occurrences in the SEC hearing which include Mr. Cassavant pleading the 5th, the failure to call certain key witnesses who could have shed light on financial records and the company’s lack of interest in bringing forth evidence concerning naked short sales. It could also explain why other key players weren’t served subpoenas and forced to testify at the hearing. Further, it might explain as to the reasons why the SEC commission decided to review the judges ruling to revoke as all evidence points to the SEC case as being solid (on the outside at least). It also would explain the company’s silence from the suspension to the present and the “event” that would have to occur to get us to the end game. All of course my opinions wamcmkx 1millionaire.proboards60.com/index.cgi?board=general&action=display&thread=1128642721