onehundredmph Re: LeGoose post# 3573 Thursda
Post# of 63
(Total Views: 257)
Posted On: 12/15/2022 12:48:23 AM
onehundredmph
Re: LeGoose post# 3573
Thursday, December 15, 2022 12:41:15 AM
Post#
3627
of 3627
Yes and all of the EIGH disclosure statements on OTCM, especially the exchange for common to preferred shares with cusip change, is very similar to what $MMAT shareholders are experiencing now. Finra failed to act on a corporate action of an issuer! And preferred shares can not trade electronically. They're non-DRS eligible.
Weird how this time is different because of Naked Short Supreme Court Case in 2016 that can hold precedent to protect investors where as in 2011 market makers and brokers could hide behind Federal securities laws (Finra rule 4320) in pertaining to who has chain of custody. The broker has custody of investor property!
MMAT shareholders should fight for what is right!
SCOTUS Ref:
https://www.faegredrinker.com/en/insights/pub...-v-manning
Greg Manning owned stock in Escala Group, Inc., a company traded on the NASDAQ. Between 2006 and 2007, Escala’s share price plummeted and Manning lost most of his investment. Manning blamed Merrill Lynch and other financial institutions for devaluing Escala during that period through “naked short sales” of its stock, under which one borrows stock from a broker and sells it to a buyer on the open market, but never delivers the shares back to the buyer. “Naked” short sales of stock may be designed to drive down a company’s stock price, and are accordingly regulated by Regulation SHO.
https://investorshub.advfn.com/boards/read_ms...=170699249
$MMAT
$EIGH
#FINRAFRAUD
#FINRACORRUPTION
Re: LeGoose post# 3573
Thursday, December 15, 2022 12:41:15 AM
Post#
3627
of 3627
Yes and all of the EIGH disclosure statements on OTCM, especially the exchange for common to preferred shares with cusip change, is very similar to what $MMAT shareholders are experiencing now. Finra failed to act on a corporate action of an issuer! And preferred shares can not trade electronically. They're non-DRS eligible.
Weird how this time is different because of Naked Short Supreme Court Case in 2016 that can hold precedent to protect investors where as in 2011 market makers and brokers could hide behind Federal securities laws (Finra rule 4320) in pertaining to who has chain of custody. The broker has custody of investor property!
MMAT shareholders should fight for what is right!
SCOTUS Ref:
https://www.faegredrinker.com/en/insights/pub...-v-manning
Greg Manning owned stock in Escala Group, Inc., a company traded on the NASDAQ. Between 2006 and 2007, Escala’s share price plummeted and Manning lost most of his investment. Manning blamed Merrill Lynch and other financial institutions for devaluing Escala during that period through “naked short sales” of its stock, under which one borrows stock from a broker and sells it to a buyer on the open market, but never delivers the shares back to the buyer. “Naked” short sales of stock may be designed to drive down a company’s stock price, and are accordingly regulated by Regulation SHO.
https://investorshub.advfn.com/boards/read_ms...=170699249
$MMAT
$EIGH
#FINRAFRAUD
#FINRACORRUPTION
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U.S. Constitution
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
"The Preamble
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
Oath
"I solemnly swear to support and defend the Constitution of the United States of America"
The Flag
"I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/
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