Re: Canadian Shorting
in response to
by
posted on
May 26, 2008 08:16AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
The post below was posted from a Zinc Explorer BB. Looks like a lot more than just the PMs are getting the shaft. Can you just imagine the countless millions stolen in the last 5 years? Some of the Canadian banks are increasingly suffering from their ongoing exposure to the "none asset value" of their off balance assets being brought back on to their balance sheets...especially CIBC, BMO and Scotia, although I suspect the others are in "sympathy". Gotta make up for the losses with the present day business creed of "whatever it takes".
So, just how many Canadian junior investors, base metals and all (who have been getting defrauded by our upstanding Canadian institutions ) are there out there? Hundreds of thousands I submit. With that kind of collective energy coordinated into a unified group, I believe the banks would quickly take note. And let's not forget that those hundreds of millions of junior investor losses due to illegal activity would be most interesting to the very best law firms in Canada. Since class action law suits are a hopeless case here, I suspect a laser-like approach from a singular plaintiff backed by class funding would be the best approach. I am sure there are some legal beagles out there who could rapidly figure out an angle of attack. The potential dollars involved for a law firm would be gigantic and quite probably the accused could be stuck with the gargantuan bill.
In my humble estimation, the banks are close to being in real danger of being exposed to massive charges, settlements and criminal charges should such a concerted group endeavour be initiated. It's there for the taking folks....and it must be addressed. These criminal actions need to be accounted for. Real people have suffered real losses at the hands of these corporate thugs...and their desperation over their growing derivatives exposure is incenting their desire to make more profit by way of such underhanded activities as illegal shorting. The really fascinating ditty is that all the illegal transaction records are out there for the plucking.
It's time to flush out the banksters, the associated bureaucrats, the regulators and the investment houses/brokers in league with the corruption that permeates our markets....markets designed to steal from honest investors and companies. Here is the post from the other site:
"3rd hour part one 27 min 58 seconds in the interview with Eric King is an absolute must listen to.
Conclusion: It's time to act AGAINST the Canadian banks as they are the ones shorting the Canadian juniors in order to make money and in order to be allowed to finance the companies by dilution. That's the way they make the money. In the US shorting a company prior to financing is ILLEGAL. Now we as shareholders need to ensure ....; doesn't get involved with any Canadian bankers and that we as shareholders start to act by raising complaints regarding shorting OTB the legal authorities.