Short Seller Captured Capital
(ContentDesk) March 8, 2006 -- Its not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock.
It is however, quite uncommon for companies to actually take action and do something about it.
The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the companys operations.
Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK).
While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares.
In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their companys stock, than have actually been issued.
CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.
Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.The last time a scenario such as this was revealed, was with Global Links Communications.
Robert Simpson, CEO of Global Zann Corp.
at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required.
Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day.
As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC.
Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued.
The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven.
Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers.
Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet.
Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with.For more information visit our website at http://www.thestreetwire.com.
Contemporary and Affordable Pearl and Diamond Jewelry Launches for Wedding, Graduation Season
SARATOGA, CA (ContentDesk) April 4, 2006 -- Just in time for the wedding and graduation seasons ahead, a new affordable pearl and diamond collection has been made available across the United States. Jewelry Crossings.Com, a leading jewelry merchant with online access, has added a captivating new pearl collection, Moments from Hot Diamonds, to their ever-expanding line of fine gold, sterling silver and platinum jewelry. Previously only available in the United Kingdom and Europe, the Moments collection is now available in the US through Jewelry Crossings.With prices starting at $69, this collection offers pearls and diamonds at a price point that can accommodate most budgets and combines the beauty of fresh-water pearls, real diamonds and sterling silver. The Moments collection features 24 sterling silver earrings, bracelets and necklaces mounted with brilliant-cut diamonds and fresh water pearls in ivory or pink tones and adds a distinctive touch to any special occasion. This superb...
Contemporary and Affordable Pearl and Diamond Jewelry Launches for Wedding, Graduation Season
Diamonds > Contemporary and Affordable Pearl and Diamond Jewelry Launches for Wedding, Graduation Season
Granite Countertops: An Overview
Home remodelers and builders have experienced a boom in the demand for granite countertops in kitchens and bathrooms. The beauty and warmth of granite makes it an ideal material for aesthetic appeal in home design, and the durability and easy care of granite countertops keeps them a favorite for homeowners who are looking into the future. Though adding granite countertops to any kitchen can be quite costly, they remain the premiere choice in upscale homes, as they retain their value better than most other improvements.
Granite, like marble and other popular stones, are as old as the earth. Granite is found all over the world. As a preferred material, granite was used in the construction of temples and other public buildings in ancient societies.
In the recent past many builders continued to use granite for pillars and exterior finishes. Stone suppliers didn't begin experimenting with polished granite until 1831. The preference for polished granite began in 1851...
Granite Countertops: An Overview
Diamonds > Granite Countertops: An Overview
Owning Beautiful, Sparkling Diamonds and Making Money From Home, Just Became a Lot Easier
(ContentDesk) December 7, 2005 -- Canadian Diamond Traders Inc. (CDT) is a Canadian based company dedicated to the distribution of loose diamonds at about half the retail value. They have recently launched an online system, at http://www.canadian-diamond-traders.com/projectname, making it easy for anyone to acquire diamonds, and to make money. Using the newly launched, Free program at http://www.canadian-diamond-traders.com/projectname, professionals and novices can acquire Beautiful, sparkling, diamonds at less than retail value.Canadian Diamond Traders Inc. (CDT) is a Canadian based company dedicated to the distribution of loose diamonds at about half the retail value.
CDTs standard of quality gives promise of the finest certified loose diamonds to all their clients. Unquestionably, you will NOT find diamonds of...
Owning Beautiful, Sparkling Diamonds and Making Money From Home, Just Became a Lot Easier
Diamonds > Owning Beautiful, Sparkling Diamonds and Making Money From Home, Just Became a Lot Easier
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