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"It's Back!"

Location: Blogs Bud Burrell - Front and Center
Posted by: bburrell	3/23/2007 11:58 AM
http://www.youtube.com/watch?v=7fcre8P2UUY
Copyright ©2007 Bud Burrell
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Comments (59)

Re: "It's Back!"	By mhatmccane on 3/23/2007 3:25 PM
And it's not even Easter yet.

Re: "It's Back!"	By Sean on 3/24/2007 10:59 PM
Bud , when you get sometime you should read this report. Your opinion as usual would be appreciated!!! http://www.tbrnews.org/Archives/a2654.htm

Re: "It's Back!"

By Rational44 on 4/9/2007 12:18 PM

Bud, I follow your postings with great interest. For the several OTCBB companies I have 'speculated' in, what is my best line of defense over the coming months as the "Tsunami" begins to roll in. My current defense is to hold my stock in a cash brokerage account, request 50% of the stock in certs and place GTC orders at reasonable levels above current PPS in case the stock runs up while I'm off-line. Is the larger market at risk also? AMEX, NYSE, etc? Has this corruption placed our entire financial system at risk of collapse? In your opinion, how long will it take for this tsunami to play out - until we can correct our weakened market system? Years? I am invested in about 15 OTCBB companies, including USXP. Do you believe the NSS's will begin to run scared after the tsunami starts and that they will begin to stop their practice of counterfeiting shares? Thanks in advance!

Reply: Your strategy is logical. I don't know what will happen when, nor can I even tell you if the complaint will be forceful enough to be characterized as a "Tsunami". I know the discovery was strong, but I can't tell how much will be used when, against whom.

I am letting go of this. I am not learning anything, and I mean ANYTHING, that I didn't know 7 years ago.

I have no standing in this matter, a analogy to the old line about not having a horse in the race. I own no stock in any of these companies. I am not a witness, nor am I an active plaintiff or defendant, in any of these matters.

While I wish everyone well, it is time to bail on this. Those who will control this are going to burn out more years through arrogance, corruption, greed and ignorance, and I don't have any more to give to them.

I wish all my friends well here, but I tell you not to expect much.

Re: "It's Back!"

By Rational44 on 4/9/2007 12:22 PM

Bud: will you be posting a link to the complaint filed today? Or, where can we view it, or what form of PR's will result so we can recognize it. Will it be nationally televised?

Reply: I won't be sending this out, as it will already be in public domain before my sending it out would be relevant. This complaint should be so radioactive, it should glow in the dark. It better be, or it will crush everything. Someone else will be getting the link out for sure not related to those I have talked to, but I can't tell you when or how.

Re: "It's Back!"

By Bob Rowe on 4/9/2007 12:29 PM

Bud -

You have mentioned "a power higher than ourselves" and have given respect by saying anyone "could have done the same work with the same outcome."

You are in a perfect place to let go and let xxx - breathe deeply and let your neck and spine 'all of you' allow the Tsunami flow over those who have placed themselves in a position to receive consequences .. easy does it .. thank you for your work!!

Reply: Bob, thanks for the observation and advice. It mirrors identical advise coming from my only peer in this equation, who has smartly chosen to remain anonymous.

I had reached the same conclusion over the weekend. I thought back to an observation I made some many months ago of the culture of the US Army: If you are the only one who is right, you are wrong. No one on this side of the equation knows as much about the entire space globally as I do, and I have no rationale for continuing to break rocks for the bosses. I am not a Moses figure, and I have no interest in bringing truth to the heathen.

Unlike many here, I wish everyone well, and justice to those who deserve it most.

Re: "It's Back!"	By Mike on 4/9/2007 1:06 PM
Hi Bud ! In your opinion, will this complaint take down the SEC ? Will it change the way the SEC is working ? Will it force them to revoke the GF clause`? I do not ask if it could, i ask if it will ! Reply: The forensics work was incontrovertible. I can't make any final, closing observations until I see the complaint, and you will probably see it before I do.

Re: "It's Back!"	By Phil on 4/9/2007 3:22 PM
Bud, thank you for your efforts. What do you know about Universal Express' plan of attack that you can share? Is it possible Mr. Altomare has misjudged his Saudi freinds and they are part of the naked short? Reply: I can't comment on USXP, and know nothing of Altomare's plans.

Re: "It's Back!"

By Stephen The Strong on 4/9/2007 4:02 PM

Hello Bud. once again I post here seeking your inner knowledge of a beaten micro stock market. I would like to take a moment to thank you for your unslefish efforts bringing this war to its front, its most aprreciated by us, the little people.
Are you leaving us? closing shop? you mentioned in the previous post that your know nothing of mr altomares plans, yet you had said a few posts back that usxp has a plan. I've followed usxp for quite some time now, and what impressed most about the company is is CEO goes toe to toe with the sec.......he is either very smart and brave or very dumb an unassuming? I choose to think of him as being a pretty smart fellow, I hope I'm right and I do hope he has a plan......thanks for everything and good luck to you.

Reply: I am going on a foreign company Board, and taking on US and Asian Marketing responsibilities for that company and another.

My response on USXP was directed at plans specific to a specific shareholder. I do not advise them at that level.

Best of luck to all of you, and thanks for the kind comments.

Regards, Bud Burrell.

Re: "It's Back!"	By Sean on 4/9/2007 5:22 PM
Bud I this this is a MUST watch video!!! http://video.google.com/videoplay?docid=3218585954111617501 Sean, Thanks for your communications. I taking this site black and down. Best, Bud.

Re: "It's Back!"

By hoagx on 4/9/2007 5:29 PM

Bud,
From your last few replays? It sounds like your giving up the fight? Or maybe bought off? I hope not, I thank all who has spook up! Most investors are blind to whats going on or could not care. Thanks for all you done!!!
hoag

Hoag,

No one buys me off. I am simply disgusted with the entire matter, to the point of physical anger. It is best I walk away before I give someone a highly vicious and well deserved beating.

Bud.

Re: "It's Back!"	By Sean on 4/9/2007 6:19 PM
If you pack it in they win. I ask that you respectfully reconsider. I hope I am not out of place for doing so. Reply: I am really too busy now. You and the other good guys will always have my moral support, but I need to move on.

Re: "It's Back!"	By hoag on 4/9/2007 6:20 PM
Bud, Thanks for your honesty, I feel like you, I have wrote so many letters, I,ve tried to educate my friends, NOT ONE of them would post a comment to the SEC. There are just to dam many sheep in this world! Thanks for all you have done! Take care. hoag Reply: Best of Luck to you Hoag. May you have a long and happy life.

Re: "It's Back!"

By Robert Ross on 4/9/2007 6:49 PM

Hi Bud,

I am so sorry to see things in this shape. I get the impression from the posts that the rug was yanked out from underneath you. It has to be infuriating to be so close to a case that would substantiate so much of what everyone has been saying about naked short selling, only to have it diluted or swept away by external forces.

Don't let this get you down. Keep fighting because you ARE right and right has to win. Whether the tsunami comes or only turns into a ripple is not what is important. The important thing is that the evidence can be had by other companies that might not sway. The originator of this lawsuit is not the only game in town.

Nobody faults you. We admire you for your work and knowledge on the subject and we appreciate you keeping us informed as much as you could. It is not your fault if things do not come off as they were relayed to you.

Thank you so much for your efforts.

Robert

Re: "It's Back!"	By noresemblance on 4/9/2007 8:11 PM
Thanks Bud, but a needed break is probably a good thing at this point. Take it and regroup, if what you say is true about this event, then there will be more that follow and your experience will be needed. Just keep lurking at your leisure. Thanks, Joe

Re: "It's Back!"	By old duffer on 4/10/2007 6:59 AM
did it happen? tia Reply: I was informed today that the complaint was filed yesterday in the 17th Circuit of Florida. I am shut down on the topic by my choice. Best Wishes to all. Bud. Regards, Bud.

Re: "It's Back!"	By bbhindyou on 4/10/2007 7:10 AM
Where for art tsu ? On to things productive. My best wishes to you and yours, bbhindyou. I have appreciated your contributions. Regards, Bud.

Re: "It's Back!"	By bbhindyou on 4/10/2007 8:15 AM
Bud I hope you are making your own choices without undue duress. I wish I could help. I hope where ever you are you have the local holes and exits down in case of a chase. Be well. Most of all thank you. I know you have been and continue to be behind us.

Re: "It's Back!"

By Stephen the Strong on 4/10/2007 8:21 AM

Hi Bud, bust wish to you, its been short but an informative friendship. I wish you well on all your battles, some you win and some you loose, but please do not loose sight of the war. I don't think you will, you have to much passion for your cause, I might say our cause, You were bright voice in a dark world of manipulation and deceipt of the practice NSS. I hope you will resurface soon.....Stephen

Stephen,

I suggest you read my historical posts here, and listen to my radio interviews done for www.cfrn.net/investigates. I have other links on this site, under the tabs Resources and other files.

I was used for a purpose here, one I believed in, but I wasn't valued enough for the parties involved to show any common courtesy when they changed directions. They will be the long term losers.

I would guess their loss of my support and good will are the most serious hits they have taken. They will take more. I don't have to do a thing. Let them explain their conduct to other interested parties, which they will be queried on most certainly.

Not everyone opposed to NSS is an idiot.

Best Regards, Bud Burrell.

Re: "It's Back!"

By Sean on 4/10/2007 8:35 AM

Bud, something seems fishy here... Like why would they wait until the last minute to "ice you out"? I think some ego trip went on here and the did not want you to get the credit that you got the word out ahead of them.Just my opinion. Good luck and thanks for the hope.

Reply: I don't know what happened. The fact that it did is more important than the specific reason why.

It is the nature of these things that eventually you will hear a piece of the phony story, then sometime later, you will finally find out what was really going on.

Like I said, this isn't my problem anymore. One complaint, good, bad or indifferent will not change the ultimate outcome.

Re: "It's Back!"

By valueinvestor on 4/10/2007 8:39 AM

Bud, I use PACER...is this complaint accessible for the public to see ? any hints as to what I should be looking for on PACER ? thanks and please stay close to us USXP shareholders...we need you...

Reply: It should ultimately be up on Pacer, Eagletech as plaintiff, in 17th Circuit, Broward County, Florida.

I would guess it will be gotten out there by others before I see it.

Regards, Bud Burrell.

Re: "It's Back!"	By Mike on 4/10/2007 11:28 AM
Again it is Altomare who stands up (great) : Richard A. Altomare, today presents estimated tax losses to the United States Treasury of over $1 Trillion Dollars due to naked short selling. http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BA7CD1125%2DABC3%2D4F8A%2D8C96%2D6ED71FDE2928%7D&siteid=mktw&dist=nbk&symb=

Re: "It's Back!"

By Sean on 4/10/2007 11:28 AM

FYI!!

Universal Express Exposes Trillion Dollar Tax Scam
Market Wire - April 10, 2007 1:34 PM ET

Related Quotes
Symbol Last Chg
USXP Trade 0.001 -0.0001
Quotes delayed at least 15 minutes

Universal Express Inc. (OTCBB: USXP) CEO, Richard A. Altomare, today presents estimated tax losses to the United States Treasury of over $1 Trillion Dollars due to naked short selling.

"The facts are simple. Sell a stock you do not own. Push the share price down. Force the Company to fail. The failed stock never has to be purchased, and since there is no mandated buy-in after a company fails, almost everyone loses, the employees, the shareholders and now the Federal Government. It's a tax free way of making money," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.

"To be more specific, this loophole benefits market makers, hedge funds and maybe even the funding of terrorist cells. Our national debt and the Iraqi war could have been paid for with the elimination of naked short selling or a mandated stock buy-in after shorting.

"Once again I call upon our elected officials to address the problem prior to the SEC's efforts to pretend they're fixing a broken system. As they attempt to silence those of us who speak the truth, I ask you to examine the profits, the bonuses and the salaries of those stealing not only from individual companies, but from every hard working American taxpayer," continued Mr. Altomare.

"With all those in Congress looking for an issue worth supporting, how about documented tax fraud in the trillions?

"Courage is required and our Country and American investors have been stolen from far too long. Where are those real leaders worth following?

"I'm tired of hearing how much money a candidate raises. Let's rally behind one who shines a light on a practice that is raising our National Debt, raising our taxes, and raising our cost of living," concluded Mr. Altomare.

Re: "It's Back!"

By old duffer on 4/10/2007 2:04 PM

People always work the same way, unaware while being ripped off or not willing to pay heed to their own future being taken.

After the fact, as they find they are broke because the theft of others, they will seek revenge. Wonder what the crooked pols and regulators will do to be kept from a violent response at that time?

Many are keeping score and record of who is doing this now and will be very willing in that day to point out those who aided and abetted.

A violent death is what the crooks deserve and that is what they may get someday.

Reply: I have been warning authorities about this very risk for sometime. No one I know who is close to this situation can believe it hasn't already happened. Imagine some snot nosed lawyer who has never had a real job jumping on someone who has had everything he owns stolen from him, is living in a dumpster which doubles as his food source, has a broken marriage, and a substance abuse problem. The Snot would think a nuclear weapon hit him, but with a more certain outcome.

Re: "It's Back!"

By Mike on 4/10/2007 2:23 PM

Hi Bud !

Where we are standing now ? Complaint is not out yet !?
How about the 30 days comment phase that was streched in March from the SEC to get more comments on SHo and GF clause ?
30 days are over again ?

What will Cox do now ?

Reply: It was filed yesterday at 4:08 EST. The powers that be will get it out, or not.

The SEC has so many lawyer lobbyists with their heads shoved up the asses of the key staff people, we will all be lucky to see grandfathering addressed before Dec 21, 2012, the Mayan End Times.

Re: "It's Back!"

By Mike on 4/10/2007 2:55 PM

Bud,

do you really thing the pressure is not high or getting high enough to revoke those criminal fraud clauses ? Cox they are working on the revoking !

Hope the complaint can get them up to do their job !

Reply: I honestly don't think anything is going to happen civilly, rather someting will chang only when there will be a crystallizing event of violence cut in stone. So far, only the bad guys have been willing to use violence to further their means. We taught this country's leaders something about that misconception a little over 200 years ago. These criminal schmucks think they are getting away with this. They will only find out otherwise when it is too late for everyone.

Re: "It's Back!"

By Stevie on 4/11/2007 12:36 PM

Bud,

What was the straw that did this to you? Has the tsunami you were counting on, turned into a disappointing " slightly larger than average wave" that no one will even notice? Are you just sick of trying to fight the good fight? Who could blame you. The company business you were previously involved with had some connections these issues. Have you dropped that as well and moved on to something new? I have been watching the former one and it hasn't been doing well, I'm guessing you've moved on because you mentioned a foreign company now.

At any rate, I will miss your insights and expertise. I wish you the best in your future endeavors.

Steve V

Re: "It's Back!"

By bbhindyou on 4/11/2007 12:34 PM

Bud the best revenge is to live well.
Don't let them get you down and win.
The game may be owned by them and the only way to win is to walk away but
YOU WILL GO ON.
Do it head high and in style.
You did not lose ,they did not win.
You simply found out after you were in the game that they were cheating.
Cheaters never win.
So go be productive , it's something they will never know and it is good.
My personal solution was to walk away from the rigged game I found myself in thirty years ago and to live well and raise a new generation of intelligent, fair ,honest,educated,independent freethinkers. Thats what the cheaters fear most. So come on in from the fight relax and even laugh at it all because this too shall pass.Surround your self with people you like for who they are and who feel the same about you.
Live the good life.
It's something that no matter how much money they get or how much power they have they will never know.

Re: "It's Back!"

By Eureka on 4/11/2007 12:35 PM

Bud, You said it was filed in Florida in the 17th circuit court I think.... but..it's not there. Someone looked for me. It is also not in the 11th District (fed) court. They did a search on quite a few Florida courts and instead of Eagletech, I put other names in there too and didn't hook any fish.It doesnt sound like the source is telling the truth

Reply: I have posted the link in a new blog comment.

Re: "It's Back!"	By Sean on 4/11/2007 12:37 PM
Bud, I am of West Indian descent..and the Jamaicans have a saying "respect due" so the following is for you!! It is a link to the format of the complaint. Thank you for all your efforts. http://www.investorshub.com/boards/read_msg.asp?message_id=18660475

Re: "It's Back!"

By Stephen the Strong on 4/11/2007 12:39 PM

I picked this off of a website someone had posted, is this the start of the legal action and whats to come in the future.....I see see citigroup is listed as DF I thought there would be a lot more? a whole list or is this not the complete filing? thaks..................

CACE07007880-Case Summary

Broward County Case Number: CACE07007880
State Reporting Number: 062007CA007880AXXXCE

Court Type: CIVIL DIVISION - CIRCUIT COURT
Case Type: OTHER CIVIL

Incident Date: N/A
Filing Date: 04/10/2007

Court Location: CENTRAL COURTHOUSE
Case Status: OPEN

HELP

Case Parties

Relationship
Last Name
First Name
Middle Name
Party Type
Sex
Race
Year of D.O.B.
D.O.D.
ID Type
ID Number

001
TEMPLER
DAVID
LEWIS
AT

BARID
000000750506

001
EAGLETECH COMMUNICATIONS INC

PL

002
CITIGROUP INC

DF

ROTHSCHILD
RONALD
J
JUDGE

JUDGE
08

Key Dates - Future Scheduled Events

There is no key date information available for this case.

Docket - Only 3 most recent entries are displayed

Date
Description
Additional Text
Filed By
Name

4/10/2007
RANDOM ASSIGNMENT SUBD:08

4/10/2007
**/**/** IS CLOCK-IN DATE OF CASE

4/10/2007
SUMMONS ISSUED *

Re: "It's Back!"

By Sean on 4/11/2007 12:38 PM

FYI!!

Calif. appeals court weighs Overstock libel suit
Reuters - April 10, 2007 6:03 PM ET

Related Quotes
Symbol Last Chg
OSTK Trade 16.28 -0.47
Quotes delayed at least 15 minutes

By Michael Kahn

SAN FRANCISCO, April 10 (Reuters) - A California appeals panel on Tuesday weighed whether a lower court erred in allowing Overstock.com Inc.'s (OSTK) lawsuit accusing a hedge fund and independent research group of conspiring to drive down the online retailer's stock price.

Lawyers for Rocker Partners and Gradient Analytics Inc. argued the court should have rejected the libel case that has raised fears an Overstock victory could limit free speech for journalists and analysts writing about publicly traded companies.

But justices pointed out during the 90-minute hearing that, at this early stage of the case, the burden on Overstock was not as great as it would be at a full trial.

The online seller of excess inventory sued Rocker and Gradient in 2005, accusing several of their employees of collaborating to produce deliberately false research notes that drove down Overstock's share price and resulted in big profits for Rocker as a short seller.

"It is not time to decide all the layers you are peeling back," Justice Maria Rivera told Gradient's lawyer Steven Hirsch. "The evidence we have now is just skeletal."

Rocker is one of Wall Street's best known short-sellers, credited with spotting early flaws at several companies -- including Belgian speech technology company Lernout & Hauspie -- before their shares crashed.

In a short sale, a person borrows stock and sells it, betting that the share price will go down so the person can then buy it back cheaper and pocket the difference.

The case has drawn close scrutiny from media groups and stock analysts who warn a ruling for Overstock could silence critics of companies with the threat of retaliatory lawsuits.

"Journalists and others who regularly voice their opinions must be allowed to work without the threat of litigation from those who may disagree," said a brief filed with the court in support of the defendants.

Hirsch told the judges Overstock sued because it did not like what the research firm wrote and said simply saying negative things about a company did not amount to libel.

"This is just the sort of information markets need firms to analyze," Hirsch said. "Gradient is free to disagree with the company auditors. If they are not, then you can throw independent research out the window."

The central issue at the hearing was a lower court decision to reject the defendants' motion arguing for throwing out the case on the grounds that Overstock's complaint represented a so-called strategic lawsuit against public participation.

The lawsuit, which seeks unspecified damages, is the first shot fired against the financial community by Overstock Chief Executive Patrick Byrne, who blames Wall Street for a sharp slide in his company's stock price.

In February Overstock sued at least 10 major U.S. brokerages, seeking $3.48 billion in damages for what it called their deliberate attempt to drive its stock price down.

In an October 2005 conference call, Byrne accused hedge funds, journalists and regulators of acting together under the direction of an unidentified "Sith Lord" -- a reference to a villain in the "Star Wars" movies.

Overstock lawyer Theodore Griffinger said at the hearing the case should go forward because the defendants worked together on negative reports about the company they knew were false.

"The Gradient reports were never intended to be objective," he said. "This is not free speech. This is a scheme to drive down stock prices."

Re: "It's Back!"

By BobR. on 4/12/2007 7:38 AM

These are the Defendants:

Citigroup, Inc; Citibank, N.A.; Lewco Securities Corporation; Schroeder & Co., Inc.; JP Morgan Chase & Co.; The Bank of New York Company; Schroder plc; Merrill Lynch, Pierce, Fenner, & Smith Inc.; Herzog, Heine, Geduld, LLC; Knight Equity Markets LP d/b/a Knight Securities; Man Group, plc d/b/a Man Financial, Inc.; Goldman Sachs Execution & Clearing, L.P. f/k/a Spear, Leeds & Kellogg and f/k/a First Options of Chicago, Inc.; Prudential Equity Group, LLC f/k/a Prudential Securities Incorporated; Bear, Stearns Securities Corp. Inc.; Ryan & Co., LP d/b/a S.W. Ryan & Co., Inc. and d/b/a Generation Capital Associates; Grady & Hatch, Co., Inc.; NF Clearing, Inc. d/b/a Fiserv Securities, Inc; Tucker Anthony Incorporated; J.E. Liss & Co., Inc.; J. Alexander Securities Inc.; Madison Bank; Oscar Gruss & Son, Inc.; ... and 100 John Doe defendants or their nominee entities, comprising both individuals and corporations, collectively,

Defendants

Like the turn you're making .. don't forget this one, will help your entire spine and all cells .. "Whom the gods will destroy .. they first make angry." LOL

Blessings, BobR.

Re: "It's Back!"	By Stephen the Strong on 4/16/2007 8:30 AM
Hello Bud, has someone been playing with this blog, everthing is out of sequence, and I think some things are missing......?

Re: "It's Back!"

By Musketrifle on 4/16/2007 11:40 AM

I would venture to guess that given the fact that Bud is so hacked is because the SEC was not named in the suit. Maybe a good thing, maybe not...the documented proof in hand is enough to bring down at least some entities in the SEC as they are as much involved in this crime ring as any of the others. My hopes are that this can still be filed seperately. Bud, your thoughts on this would be greatly appreciated.
TIA

Reply: There is more to come. We will see the amendment in the next 90 days.

The SEC should be named eventually, along with the NASD. They have NO plausible deniability.

Re: "It's Back!"	By captdale on 5/20/2007 5:06 PM
Bud - I want to personally thank you for your efforts and the work you have done. I wish the best for you in whatever you choose in life. You have made a major impact on my life for the better and I thank you for that. Capt. Dale

Re: "It's Back!"	By bbhindyou on 3/26/2007 8:02 AM
http://www.democracyforums.com/showthread.php?tid=297 I can't even think of a strong enough comment for this one. Anyone else ?

Re: "It's Back!"	By freddo cazzo on 3/26/2007 11:43 AM
I am glad the piece is back up! Hopefully some more added pressure will spread this thing viral like the aqua teen hunger force light bright terror scare! Bbhindyou...as for that link, I am absolutely speechless, and terrified. FC,CF

Re: "It's Back!"	By b8nw84u on 3/26/2007 5:19 PM
SEC continues to drag their feet. Disgusting. http://www.sec.gov/rules/proposed.shtml

Re: "It's Back!"	By Sean on 3/30/2007 7:27 AM
Bud keep your eye on CMKX, I think they are about ready for showtime!! I think this will be part of the Tsuami !!! Reply: CMKX isn't part of what I have been talking about, but Faulk could make it an unexpected wave.

Re: "It's Back!"	By Valueinvestor on 3/30/2007 11:50 AM
Bud, would you also rule out USXP as being part of this Tsunami or would rather not ? Interesting things happening on the USXP front and I have requested Matsumoto to perhaps focus on the OTC BB stocks in a followup...

Re: "It's Back!"	By bburrell on 3/30/2007 11:47 AM
Matsumoto and I need to talk. The NASD has oversighted the destruction of the OTC BB since 1999. More than 10,000 companies have been killed off, most intentionally by shorts or otherst trying to steal technology. I have some journalist introductions he needs, major. It is not USXP, but it could be.

Re: "It's Back!"	By Sean on 3/30/2007 6:05 PM
Well Bud, all I have to say is .. alot of stuff starting to take place now so if the above two companies are'nt it I can't wait to see who it is. Reply: You will know by Wed latest. The complaint is a bombshell. B.

Re: "It's Back!"

By Sean on 4/3/2007 7:49 AM

Bud, I have come to the conclusion that these people are so powerful that they can stop certain actions in their tracks. 1) Are they responsible for the delay thus far of this Tsusami ( from February to now? 2) And if so do they have the where-with-all to stop or delay it again(from today or tomorrow)?

Reply: The lawyers and the technical complexity of the analysis are the reasons for the delays. Whether it will be filed in State or Federal Court is another concern. I don't expect it to be filed now before Friday.

Re: "It's Back!"	By Sean on 4/3/2007 10:59 AM
Thank you!!

Re: "It's Back!"

By Olynn on 4/3/2007 2:30 PM

Bud, so you don't think the powerful crooks involved will be able to stop this filing in it's tracks and cover up the alligations?

When you say that "It is not USXP, but it could be." are you saying A - that it MIGHT me USXP, but you can't say? or B - it's not USXP, but USXP has similar documentation that proves that they are NSS and the SEC is a fault for not stopping the process?

Thanks for your time and all your efforts!!

Reply: I am not referencing USXP, but if they get their discovery on their OBO lists, they will find the same abuse.

No one will be completely surprized when they find out who the plaintiff is.

Re: "It's Back!"	By Sean on 4/3/2007 5:53 PM
I have already surmised and believe it is Eagletech!!! Reply: I can't comment. Watch and wait.

Re: "It's Back!"

By Sean on 4/3/2007 5:58 PM

This post is from a poster by the name of Abadgoodgirl (Bud you have hear of her if I recall) May I have your opinion please?

Dr. Byrne doesn't get it. They are grandfathering THEMSELVES!!!!! For crying out loud. The system guarantees delivery, not the broker.

The NSCC is the buyer to ALL sellers and the seller to ALL buyers. PERIOD. The NSCC, as the central systems operator, inserted itself as the central counter party and guarantees delivery in the multi-lateral netting system.

So, the NSCC, DTCC, Federal Reserve and other 'members' of the clearing system must deliver shares.

Does the Federal Reserve and its stockholders want to fork over the cash to make deliveries on two plus decades of fails? I do not think so.

The Federal Reserve/DTCC grandfathered its own liability in. The market makers, not so much.

The g-clause is really for the Federal Reserve AND ITS STOCKHOLDERS when you get right down to it.

Just trust me... I have spent more time than anyone can imagine on this. Also, when i did post the settlment and clearing posts, the papers I referenced were altered.

They'd never been 'altered' before.. until I located them and posted them... I didn't even give great details because I was afraid they would disappear. But instead they altered the reports.

So obviously, I figured it out. Clear as day.

Reply: From a PROFESSIONAL in this space, name protected.

Re: RECAPS Powerpoint; the original author misrepresents this document to you.

First of all, this is not the “Federal Reserve's new re-pricing program”; it is from NSCC who is not even a member of the Fed. The program is not “new”; it has been around since 1990. I think they filed a rule-change last year, though, to include bonds in this program which would account for the splashy Powerpoint dog+pony show.

Second, it does not mean that “the DTCC will pay us a fairer price”; in fact, it says on the first slide that they will re-price more failed trades at the current market value, that is, they will re-price the fails at today’s (manipulated) lower price.

“RECAPS reprices these open fails to the

current market value.” [emphasis added]

Furthermore, they will replace the original settlement date; this has the potential to remove aging information from the trade.

“RECAPS also re-nets open fails and assigns a new settlement date for the newly netted positions;

this settlement date replaces the original settlement date for the original fail. [emphasis added]

Not a good thing. This point is clarified on slide -2- as:

“Minimization of the number of aged fails. RECAPS re-nets all open fails and assigns a new settlement date for the

newly netted positions. The RECAPS settlement date replaces the original settlement date for the original fail.”

Because fewer fails will be reported does not mean there will be fewer fails. Just that they get to restart the settlement clock by using this program.

Questions?

REPLY: Here is the correct analysis.

Re: RECAPS Powerpoint; the original author misrepresents this document to you.

First of all, this is not the “Federal Reserve's new re-pricing program”; it is from NSCC who is not even a member of the Fed. The program is not “new”; it has been around since 1990. I think they filed a rule-change last year, though, to include bonds in this program which would account for the splashy Powerpoint dog+pony show.

Second, it does not mean that “the DTCC will pay us a fairer price”; in fact, it says on the first slide that they will re-price more failed trades at the current market value, that is, they will re-price the fails at today’s (manipulated) lower price.

“RECAPS reprices these open fails to the

current market value.” [emphasis added]

Furthermore, they will replace the original settlement date; this has the potential to remove aging information from the trade.

“RECAPS also re-nets open fails and assigns a new settlement date for the newly netted positions;

this settlement date replaces the original settlement date for the original fail. [emphasis added]

Not a good thing. This point is clarified on slide -2- as:

“Minimization of the number of aged fails. RECAPS re-nets all open fails and assigns a new settlement date for the

newly netted positions. The RECAPS settlement date replaces the original settlement date for the original fail.”

Because fewer fails will be reported does not mean there will be fewer fails. Just that they get to restart the settlement clock by using this program.

Questions?
Re: RECAPS Powerpoint; the original author misrepresents this document to you.

First of all, this is not the “Federal Reserve's new re-pricing program”; it is from NSCC who is not even a member of the Fed. The program is not “new”; it has been around since 1990. I think they filed a rule-change last year, though, to include bonds in this program which would account for the splashy Powerpoint dog+pony show.

Second, it does not mean that “the DTCC will pay us a fairer price”; in fact, it says on the first slide that they will re-price more failed trades at the current market value, that is, they will re-price the fails at today’s (manipulated) lower price.

“RECAPS reprices these open fails to the

current market value.” [emphasis added]

Furthermore, they will replace the original settlement date; this has the potential to remove aging information from the trade.

“RECAPS also re-nets open fails and assigns a new settlement date for the newly netted positions;

this settlement date replaces the original settlement date for the original fail. [emphasis added]

Not a good thing. This point is clarified on slide -2- as:

“Minimization of the number of aged fails. RECAPS re-nets all open fails and assigns a new settlement date for the

newly netted positions. The RECAPS settlement date replaces the original settlement date for the original fail.”

Because fewer fails will be reported does not mean there will be fewer fails. Just that they get to restart the settlement clock by using this program.

Re: "It's Back!"

By Sean on 4/4/2007 4:42 PM

Bud, I cannot verify this but maybe you can..please?

Hank Paulson and Treasury - such honorable people.

The open theft of America just goes on, and on, and on, and on, and on, and on, and on.... Nice president and administration we have. How scary can I be when I say, "I miss the good old days of Bill Clinton!" His band of happy-go-lucky criminals was only 1/2 the as bad as these guys we deal with now.

________________________

http://www . nypost . com/seven/04032007/business/hank__why_are_you_ignoring_my_foia_requests__business_john_crudele.htm

HANK, WHY ARE YOU IGNORING MY FOIA REQUESTS?

April 3, 2007 -- I've decided to send a very public letter to Treasury Secretary Hank Paulson.

Dear Mr. Paulson:

How ya doing?

I think you're doing a wonderful job as Treasury Secretary. And don't think I'm saying that just because I'm looking for a favor.

You have been pretty invisible compared with others in that job and, frankly, that worries me a little. It also gets me to the point of this letter.

Hank, I don't trust you. There are just too many ways for you and your former Wall Street firm, Goldman Sachs, to cheat the financial markets.

But don't think I'm picking on just Goldman - I'm a little suspicious of any firm that can make billions on a single trade with the right connections.

So on July 25, 2006, my lawyer drafted a request under Section 552 of the Federal Code called the Freedom of Information Act asking for documents generated by the President's Working Group on Financial Markets.

Around here we call it the Plunge Protection Team.

That request was ignored, although we did get a phone call from someone many months back saying they were working on it.

So on Feb. 28 I had my lawyer file another request. This time we asked for minutes of meetings that might have taken place that day and the day before.

My poor lawyer is getting a little frustrated, but I told him maybe the requests got lost in the mail. That's why I'm sending this parcel Post, pardon the pun.

It's only April, but I get the feeling that you're going to ignore me again.

Perhaps you missed it, but around the time of the first FOIA request, I documented what I believed the Plunge Protection Team was up to.

I believe this group you head, and which includes regulators, brokerage firm chiefs as well as major market players, tries to protect the stock market.

George Stephanopoulos explained it - although not very eloquently - when he was a guest on "Good Morning America" on Sept. 17, 2001.

"And perhaps the most important, there's been - the Fed in 1989 created what is called the Plunge Protection Team . . . [and they] have plans in place to consider if the stock market starts to fall."

Poor George was a little discombobulated. It was right after the 9/11 terrorist attacks. But since he was a very close adviser to President Clinton, Stephanopoulos would have known if something as important as this was happening.

Don't get me wrong. I think rigging the financial markets is a good thing when the nation's security is at risk.

I'm a little leery of putting the likes of hedge funds, Wall Street firms and others with very vested interests in charge of this effort - how could that possibly go wrong?

If you want everyone to be aware that Treasury is on the ball and ready to come to Wall Street's rescue, why not turn over the documents I've requested?

Could it be because you don't want us to know about some very odd trading patterns on Feb. 27 and 28 this year that saved the stock market from having a truly ugly day?

Maybe you'd prefer not to explain why traders such as Paul Tudor Jones are reportedly being consulted by the Plunge Protection Team.

Anyway, I hope you can get that stuff to me pronto. At the very least, please have your lawyers call my lawyer and give him the usual runaround.

Have a nice day printing money.

Sincerely,

John Crudele

john.crudele@nypost.com

Re: "It's Back!"	By bbhindyou on 4/6/2007 8:20 AM
Bud .... It's friday,any news? I will be watching to see how GOOD a friday it is. Heres hoping for the best. For all of us. Reply: It should be Monday, but there is a small chance it will get done late today.

Re: "It's Back!"

By Stephen the Strong on 4/6/2007 2:58 PM

Bud, from reading your posts and listening to other enthused by your candle of hope regarding the Naked Short sellers getting their just do. In this storm that is brewing, a storm that I'm assuming will expose the flaw int he system of which we are all victums of, how will this directly effect stocks such as USXP. How will it effect the stocks that have been battered? Will there be some giant squeeze in the market place or is this just big new for all to see?

Reply: The end of this will be sometime in coming. The Government moves in small steps, taken very slowly, even more so when their integrity is injured, as is the case here.

The flaw is the system is that the SEC allowed the NASD and its members along with their clients to behave in a RICO manner, to steal the assets of the American investor from him wholesale.

Someone is going to lose it here, and one or more of these scum willl get the general beating they deserve, before they, the scum, begin long prison sentences, which they will only avoid by fleeing this country. Many have already sent their assets ahead to hidden offshore accounts, which they have then bounced around to make it impossible to find.

The simple answer is to find the felon, and make his life so effing miserable, he either coughs up the proceeds of his criminal activities, or has to face living in hiding forever, always one step ahead of the bounty hunters who will be relentlessly shadowing him.

Few will live twenty years this way. Most runners (as they are known in the trade) blow out their own brains in 5 years. That is more time than they deserve. In the end, they will all face a merciless God for their immorality, whether in 5 years or 20.

Re: "It's Back!"

By Stephen the Strong on 4/6/2007 5:10 PM

So I am safe to assume ( a dangerous word) that there wil be no direct action, just exposure and finger pointing. As over the past year or two, the major stocks being traded by the hundreds of millions of shares, USXP,GWGO,CNES,ADVC,ADOT.ect......these have all been the volume leaders on the OTCBB.... they are also stocks that there compnaies have feared the worst...brought down by NSS....Are these all victoms of the NSS and a large part of the trading we see is just phantom share being swapped between market makers?
CNES and ADVC still have hundreds of millions shares traded daily at almost nothing, while USXP has sporadic volume, yet in the two has been on the most active list daily...can you explain...is there phantom shares....is there a way for these companies to once again see the light of day an a pps worthy of the companies true potential?
Thanks for your previous reply, I look forward to your next reply... S

Re: "It's Back!"

By Stephen the Strong on 4/6/2007 5:20 PM

bud one last querry, in referance to the Grandfather Clause, they had extened the open hearing 30 days to gather more imput from the public...hmmmmmm?....So it was 30 days from when.....what is the show and tell date.......and after that what do you think will be the verdict and what will be the cause and effect of the verdeict?

Thanks again.....S.....:)

The SEC will do away with Grandfathering about the time they see lynch mobs attacking their HQ employees. Reg SHIT has been 8 years in the abortion term.

These arrogant schmucks won't face the public they have helped rape, and that means we need to post some random addresses for the work locations of these a--holes for the angry demonstrations that should certainly come.

They have waited too long, and everyone knows it. Had they acted at 3 years, they could have pled a defense, but not for 8 years. And 8 years is no certainty.

To paraphrase a great movie line about relationships, thieving bureaucrats get the relationships they deserve. They are taking their arrogance and greed home, and raising their kids around these traits. When their kids abandon them, they will be surprised, when that is exactly what they have earned.

The Shrink the SEC hired for its staff and their self esteem problems must be having a field day. As long as the SEC is allowed to continue to exist, this shrink's activities will be a growth industry.

In closing, dates of commitments mean nothing to these scum. The SEC's leaders are the caricatures of the ugly lawyer joke: How do you tell if a lawyer is lying? If his/her lips are moving.

Re: "It's Back!"

By Stephen the Strong on 4/7/2007 3:27 PM

Bud, after the announcement of this suit and its strength in providering exposure to the public of both the crime and the criminals. Do you shots starting to by there positons back? Since the micro cap market is less policed and easier to abuse do think this news will have an immediate effect on the way stocks have been trading? There is huge volume of the same stocks, 10 ten stock volume, the USXP and such.....will they see any reprecution directly caused by this Tsuami?

Reply: I see no immediate actions resulting from this litigation. Repercussions will arise as this information is both disseminated and commented on by professionals.

Re: "It's Back!"	By Sean on 4/7/2007 3:28 PM
Bud , you have to read this from ragingbull!!! http://ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=519144

Re: "It's Back!"	By Stepehn the Strong on 4/9/2007 7:47 AM
Bud it is now Monday, what is the status of the Tsusami ? Have papers been filed yet, can you revieal who the poster child is? Is or will USXp follow suit if they are not the stock you are refering too? Reply: The deadline is close of business today, to the best of my understanding. USXP has a plan it is implementing, and it is not the Company I have been speaking about. Best, Bud.

Re: "It's Back!"

By Stephen the Strong on 4/9/2007 9:34 AM

Bud, are companeis such as the ones i had mentioned earlier, the top ten traded on on the OTCBB list, ADOT,ADVC,CNES, GWGO, USXP CCNG ECT ECT, are they all victims? Are the those hundreds of millions shares that are traded almost daily normal trading? Or are they the phantom shares we hear talked about? Thanks S

Alert: Stephen, every time you post to my blog your post is repeated two or usually three times. I don't know what you are doing, but you need to check your procedure.

All of the companies you cited are victims, and the phantom shares are being traded side by side with the real ones, about 10 to 100 times phantom shares versus real ones.

Re: "It's Back!"

By Stephen the Strong on 4/9/2007 9:39 AM

Hi Bud As I become more aware of the problem it seeks to blatantly reveal its ugly head more and more....today on the otcbb......CCNG...o/d 99.36million shares. today it trading so far 247.85 mmillion shares. the other day it was similar.....it just doesen't make any sense, are these phantom shares being traded? I s this company a victim?

Reply: Virtually all small companies, particularly any having done PIPE deals, are being shorted illegally, counterfeited. The SEC has previously justified this conduct as being allowed by them because the needed the help of vigilante like "Unregulated Policemen" to help them control Pump and Dumps.

This will eventually get in front of a Jury, since the DOJ is asleep at the switch or worse, and when it does, don't be surprised to see a Judgment against the scum for a lot more than the little $588 Million award in two trials to USXP>

Re: "It's Back!"

By Valueinvestor on 4/9/2007 10:43 AM

Bud...the question that is uppermost in the minds of most folks unfortunately invested in one of these BB companies that are alleged to have been severely nakedly shorted is "why has it been so difficult to prove the level of naked shorting" in these companies "? What is the evidence that folks such as yourself and the lawyers for OSTK are privy to or can surmise from that alludes to such massive illegal shorting. I am sure you and most intelligent folks would not blame the many folks that are highly skepical that such proof indeed exists. Are you saying that such proof can only be offered at the moment by drawing some inferences based on statistical patterns of trading, and that the real proof can and will become evident only once the proper judicial authorities force the proper type of discovery to come about ? Is the reason these companies that cannot easily prove their stock has been severely nakedly shorted that it is difficult to offer such proof in a court of law unless sufficient discovery is allowed to happen concurrently, failing which, sufficient "forensic evidence" like the one in the case of this "mystery" company filing later today has been accumulated ? A simple question. Hopefully, you can enlighten us all as to why the answer is so difficult to ascertain.

Reply: The "Proof" of first rank will be in the complaint on the way to the Courthouse now.. I Have seen the proof, as did the juries in the two USXP trials.

You want to know why it has been so difficult to get evidence? It is because the SEC, DTCC, NASD, and many more have OBSTRUCTED ALL LEGITIMATE DISCOVERY ACTIONS.

The complaint being filed today ends that crap. As I have said before, OUR REGULATORS ARE THE BEST MONEY CAN BUY. Other companies have been keeping daily records for months now proving illegal shorting and counterfeiting, and using credible third party sources for supplemental proofs. One of the Most damaging reports of all is the now legendary 2 QTR2006 NYSE focus report.

That report is a much more vicious and venomous statement than any other I can make. I wish I could tell everyone what I know from privileged work I have done. Anyone of the observers here could have done the same work with the same outcome.

Re: "It's Back!"

By InvestigateTheSEC on 4/9/2007 12:11 PM

Hi Bud,
Almost 3:30PM here. Bud, as this gets filed, if not reported by the media, could you announce it here once it has been made public. Any other commentary will be welcome. Thanks.

Reply: I think it is filed, but I don't know when I will get a copy. There are agendas about who will manage this distribution and when, and I am not sure I am part of that, nor do I want to be. If this is filed in State Court, it will be on the Web before I see it, regardless of respect or courtesy issues.