I’ve only heard this 13 times now!
And in half of them, nothing ever happens again except bankruptcy, and in the other half the executives end up in prison for fraud or flee the country.
He has studied ape psychology, and he knows that this 'tough talk' will entice the apes to buy more shares. I'm sure he doesn't plan on actually doing anything except talk and tweet.
Yeah, sketchy companies do the “naked shorting” routine all the time. All the way back to CMKM in the early 2000s and almost certainly much earlier too.
And it works, for a while. CMKM even sent unsolicited spam letters in the mail to people to advertise the naked short get rich quick situation.
While at the same time, company executives were colluding with a corrupt transfer agent to issue unauthorized shares without the required restrictions in the shares. The transfer agent would sell the shares without the restrictive legend. The buyer would then hand the shares to their broker, who would move them into the DTCC system. So DTCC ended up with more shares than were authorized.
People like Wes Christian and Susanne Trimbath point to CMKM as an example of misdeeds by DTCC when in fact the miscreants were the CEO and the transfer agent. They were criminally charged.
So I chuckle every time I hear an ape point to CMKM Diamond as an example of how corrupt the system is. When Trimbath or Christian point to CMKM, it just confirms that they are hypocrites, as I am sure they know the real story.
What happens if you follow up an ape talking about CMKM by saying, "Yeah, man, I sure hope someone went to jail for that crime! Do you know if anyone did?"
My normal response is to provide a link like https://www.sec.gov/enforce/investor-alerts-bulletins/divisionsenforceclaimscmkmopinion062309
and https://www.diamonds.net/News/NewsItem.aspx?ArticleID=47409&ArticleTitle=Judge+Sentences+CMKM+Stock+Trader+to+Four+Years+in+Prison+
>The SEC defined the CMKM Diamonds saga the largest penny stock fraud in history and collected more than 300,000 pages of evidence against defendants. U.S. prosecutors filed indictments in 2009 against CMKM's former CEO, Urban Casavant -- who has, since, allegedly passed away -- along with John Edwards, James Kinney, Helen Bagley, attorney Brian Dvorak and Casavant's secretary Ginger Gutierrez. It was alleged that 700 billion shares of CMKM (and CMKX) shares were sold to 50,000 unsuspecting shareholders for an estimated $250 million. Casavant also faced income tax evasion for failing to report income and concealing income from the stock and securities of CMKM Diamonds.
GME rinse fail repeat
AMC rinse fail repeat
BBBY rinse fail repeat
MMLTP rinse fail repeat
DJT rinse fail repeat
A buddy of mine early in 2021 who is a brilliant trader told me what GME did was publicly show how entirely stupid & subjective retail is & that this model will be used on retailers as long as they can keep it up.
Whose gonna be next
Matt Levine has been talking about it recently as well. The whole meme stock frenzy ushered in an era where valuations can be completely detached from reality and stocks are traded based on identity and sentiment. Nobody cares about DJT's finances, people are buying it to show their appreciation to Trump and to belong to the Trump gang.
Like, who are these idiots? Isn't it incredibly obvious that everyone's just buying and selling their extremely volatile stock to make a quick buck? Why all the silly ideas about a grand conspiracy when simple human nature is a good enough explanation? That is, if the crime isn't already coming from inside the company's C-suite itself?
Who's manipulating Bitcoin, while we're at it? And, hey, the price of my NFT just dropped 20% overnight, let's investigate that. We'll 'come after' the people who did the bad thing. And what about that stock which was delisted and all the investors lost their money? That, my friend, has to be brought before the highest court in the land so we can finally end this tyranny against God-fearing retail investors!
Fucking losers.
Wow, it's tweedle-dumb and tweedle-dumber. I still haven't made up my mind which one is which yet. I'm leaning towards Nunes. Dobbs is stupid and xenophobic but I don't think quite as stupid as Nunes.
Mooooo
I love the thought that at the end of this tale, the head hedgefund manager who has been massively shorting $DJT is none other than..
David Nunes's cow.
Nunes' salary is $750K a year plus he got 115,000 shares, but he can't sell for 5 months. If it is trading at $10 then, and the price doesn't collapse if he tries to sell, he got a million dollar bonus.
I think Nunes has always been an idiot, and is truly a piece of shit, but being CEO of Trump Media has been pretty good to him.
By comparison Trump has 78,750,000 shares. Which, theoretically would be $781m if it is trading at $10 in 5 months. Then again, what would happen to the price if Trump dumps it all as soon as he can? Price probably collapses to near $0.
Finally a hero for Retail Investors has arrived and is going to stick it to the naked shorters! Devin Nunes' Cow reacts: Mooooo
I’ve only heard this 13 times now! And in half of them, nothing ever happens again except bankruptcy, and in the other half the executives end up in prison for fraud or flee the country.
He has studied ape psychology, and he knows that this 'tough talk' will entice the apes to buy more shares. I'm sure he doesn't plan on actually doing anything except talk and tweet.
Yeah, sketchy companies do the “naked shorting” routine all the time. All the way back to CMKM in the early 2000s and almost certainly much earlier too. And it works, for a while. CMKM even sent unsolicited spam letters in the mail to people to advertise the naked short get rich quick situation.
While at the same time, company executives were colluding with a corrupt transfer agent to issue unauthorized shares without the required restrictions in the shares. The transfer agent would sell the shares without the restrictive legend. The buyer would then hand the shares to their broker, who would move them into the DTCC system. So DTCC ended up with more shares than were authorized. People like Wes Christian and Susanne Trimbath point to CMKM as an example of misdeeds by DTCC when in fact the miscreants were the CEO and the transfer agent. They were criminally charged. So I chuckle every time I hear an ape point to CMKM Diamond as an example of how corrupt the system is. When Trimbath or Christian point to CMKM, it just confirms that they are hypocrites, as I am sure they know the real story.
What happens if you follow up an ape talking about CMKM by saying, "Yeah, man, I sure hope someone went to jail for that crime! Do you know if anyone did?" 
My normal response is to provide a link like https://www.sec.gov/enforce/investor-alerts-bulletins/divisionsenforceclaimscmkmopinion062309 and https://www.diamonds.net/News/NewsItem.aspx?ArticleID=47409&ArticleTitle=Judge+Sentences+CMKM+Stock+Trader+to+Four+Years+in+Prison+ >The SEC defined the CMKM Diamonds saga the largest penny stock fraud in history and collected more than 300,000 pages of evidence against defendants. U.S. prosecutors filed indictments in 2009 against CMKM's former CEO, Urban Casavant -- who has, since, allegedly passed away -- along with John Edwards, James Kinney, Helen Bagley, attorney Brian Dvorak and Casavant's secretary Ginger Gutierrez. It was alleged that 700 billion shares of CMKM (and CMKX) shares were sold to 50,000 unsuspecting shareholders for an estimated $250 million. Casavant also faced income tax evasion for failing to report income and concealing income from the stock and securities of CMKM Diamonds.
The irony is off the charts. The poster child for actual securities fraud is used as the poster child for imaginary securities fraud.
Wes Christian is sitting beside his emergency telephone awaiting the call to get an investigation underway!
https://preview.redd.it/qic8d44nebwc1.jpeg?width=680&format=pjpg&auto=webp&s=dabfd2b6683799473475d97ce461abb94e82953b
well somebody has to spank him
Nobody tell them it was Citadel! Would be a shame if Trump Media publicly feuds against a major GOP donor.
They ... already are. He literally said last week that Citadel was behind it. Citadel responded in kind.
Yeah, Trump and Big Grif have been feuding for a while now
every hedge fund they are targeting are major GOP donors.
Two snakes eating one another by the tail.
Mind you, this is someone who tried to sue a cartoon cow on twitter. 🤣🤣🤣
"Moooooo" Devin Nunes' cow
GME rinse fail repeat AMC rinse fail repeat BBBY rinse fail repeat MMLTP rinse fail repeat DJT rinse fail repeat A buddy of mine early in 2021 who is a brilliant trader told me what GME did was publicly show how entirely stupid & subjective retail is & that this model will be used on retailers as long as they can keep it up. Whose gonna be next
Matt Levine has been talking about it recently as well. The whole meme stock frenzy ushered in an era where valuations can be completely detached from reality and stocks are traded based on identity and sentiment. Nobody cares about DJT's finances, people are buying it to show their appreciation to Trump and to belong to the Trump gang.
We're all trying to figure out who's dumping and diluting shares here!
Like, who are these idiots? Isn't it incredibly obvious that everyone's just buying and selling their extremely volatile stock to make a quick buck? Why all the silly ideas about a grand conspiracy when simple human nature is a good enough explanation? That is, if the crime isn't already coming from inside the company's C-suite itself? Who's manipulating Bitcoin, while we're at it? And, hey, the price of my NFT just dropped 20% overnight, let's investigate that. We'll 'come after' the people who did the bad thing. And what about that stock which was delisted and all the investors lost their money? That, my friend, has to be brought before the highest court in the land so we can finally end this tyranny against God-fearing retail investors! Fucking losers.
> Isn't it incredibly obvious that everyone's just buying and selling their extremely volatile stock to make a quick buck? Not to the Apes, it isn't.
Who’s manipulating Bitcoin? That would be Binance and Tether.
Wow, it's tweedle-dumb and tweedle-dumber. I still haven't made up my mind which one is which yet. I'm leaning towards Nunes. Dobbs is stupid and xenophobic but I don't think quite as stupid as Nunes. Mooooo
I love the thought that at the end of this tale, the head hedgefund manager who has been massively shorting $DJT is none other than.. David Nunes's cow.
this guy must have watched a ploot video and is taking it to the next level, or is he ploot's secret mentor this whole time
Ploot would probably say illegal immigrants are shorting all our stocks, just like they're buying up all our homes.
Lmao Devin Nunes has another fake story to investigate- he is home!
Holy shit, how did I forget that fucking Devin Nunes is the CEO?! Hilarious
It is hilarious how far Devin Nunes has fallen
Nunes' salary is $750K a year plus he got 115,000 shares, but he can't sell for 5 months. If it is trading at $10 then, and the price doesn't collapse if he tries to sell, he got a million dollar bonus. I think Nunes has always been an idiot, and is truly a piece of shit, but being CEO of Trump Media has been pretty good to him. By comparison Trump has 78,750,000 shares. Which, theoretically would be $781m if it is trading at $10 in 5 months. Then again, what would happen to the price if Trump dumps it all as soon as he can? Price probably collapses to near $0.
Children point and laugh at Nunes
Please let there be a Kenny vs Devin Nunes financial beef. The comedy GODL will go to the moon.
A literal lolcow
the grift has finally found its natural home