NRAMember ...Bud ...others : I need to emphasize that Brokerages GUARANTEE ownership of ALL shares they allow public investors to buy , whether the shares are real or NSS / counterfeit / NEVER located . The Brokerages extend their GURANTEE by allowing their clients to sell their shares whenever they want ( notwithstanding an SEC trading suspension or SEC de-registration of a Security ) , thus abiding by their Registration obligations to GUARANTEE rightful ownership and rightful disposal / SALE of those shares by the public investor . This practice perpetually hides the outstanding Share counts ( comprised of REAL and NSS ) on ANY stock and the GUARANTEE to sell shares by Brokerage clients has been a successful tactic by the Brokerages to stonewall ALL attempts to discover the total amount of shares held in Brokerage Accounts comprised of REAL and NSS shares .
It is quite possible that Sandy Winick / BKMP is trying to prevent perpetual NSS in BKMPP by denying the Brokerages BKMPP Certificates until / unless the Brokerages can verify
' LOCATION ' of a REAL BKMP common share . Let me elaborate .
We have all observed SOME stocks that have buying restrictions placed by some / all Brokerages . That practice is presumably enacted to stimulate selling and slow down buying , for whatever reasons the Brokerages deem to be in THEIR best interests . Nonetheless , the Brokerages are not allowed to deny selling shares since they GURANTEED ownership , to repeat , whether those shares are REAL or NSS .
Herein is the problem for the Brokerages that I have attempted to explain to MY OWN understanding in previous posts . They will always allow ALL investors to sell BKMP common shares under their GUARANTEE but they are UNABLE to allow selling of BKMPP ( Preferred Shares ) until EITHER the DTC holds the BKMPP certificates which would allow electronic trading of BKMPP or until the Brokerages receive BKMPP Certificates .
So WHY doesn't the DTC have BKMPP Certificates yet ? It is an all encompassing allegation that the DTC is the source of NAKED SHORT SHARE scandal in that the DTC does NOT enforce the Stock Borrow requirements by NOT requiring Market Makers to match a trade with a CERTIFICATE held in the DTC vaults within the Regulation Sho timeframes , and then the DTC allegedly does NOT require the Brokerages to ' LOCATE ' a share that was traded by a MM and ultimately held by a client / public investor in their BRokerage account .
And , why don't the Brokerages have BKMPP Certificates yet ?
It appears TO ME that Sandy Winick / BKMP or their Transfer Agent are holding the BKMPP Certificates to force the Brokerages to ' LOCATE ' the real common BKMP shares .....which it appears some Brokerages are unable to do because of the NSS / Fail To Locate / counterfeit BKMP common shares held in their accounts .
Brokerages who cannot ' LOCATE ' BKMP common shares have a monumental LEGAL problem in that they MUST either provide BKMPP CERTIFICATES to EVERY BKMP shareholder OR they MUST allow electronic trading of BKMPP once the DTC receives the BKMPP Certificates , ah , but the DTC apparently has NO BKMPP shares to even begin trading in the stock , probably for the reasons I explained .
It is my contention that Sandy Winick / BKMP are withholding BKMPP Certificates to the DTC because of the Forbidden Use of Carnal Knowledge ( abbreviate that if you will and add
' ing ' ) that would ensue by the NSS complicit DTC and their collaborative culprits the MM's and Brokerages with the BKMPP equity ....that is , more Naked Short Share selling in perpetuity , just like the BKMP common shares .
Even though most of the NSS BKMP common shares have been GRANDFATHERED , meaning neither the Brokerages nor the Market Makers are obligated to locate the NSS shares that occured even under BKMP's prior ticker ( FCAH ) or the current BKMP ticker it is my belief there MAY exist dozens of billions of NSS BKMP common shares that could not be LOCATED prior to the Preferred Share Dividend because investors who held those shares did not sell enough of them to actually LOCATE them all . So the Brokerages were in a quandry after the Dividend announcement and the complicit culprits are in a nasty quandry now if Sandy Winick / BKMP refuses to release BKMPP Certificates for any NSS BKMP common shares . Plus , the Market Makers and Brokerages are seldom , if ever , held to accountability for ALL NSS activities so they do have a confident arrogance that the mosquito-sized BKMP would not be any more successful than ANY other company , Court , Congress , Media , activist in holding them accountable .
Since the Brokerages cannot allow selling of BKMPP until the DTC receives BKMPP , which I contend the DTC will NOT receive until BKMP has a FULL accounting of ALL BKMP Common shares ,
the Brokerages have the legal problem in that they MUST MUST MUST GUARANTEE ownership of BKMPP , either as an electronic entry in client accounts which constitutes legal ownership of BKMPP or by Certificate form .
It is likely that BKMP has remained silent on this issue in the hopes / goal of getting the Brokerages who hold NSS BKMP common shares to the bargaining table to remedy the situation .
We own our entitled BKMPP shares . Let the Brokerages figure out how they are going to GUARANTEE that ownership .
To bite the worm of incite is to bite the HOOK of the antagonist . They win .
