Good Afternoon,
Yesterday I made a post that was very critical on the SEC with regards to their "Operation Spamalot" and felt that it was a ruse to take away from the attention of the NSS issue.
Now I'm going to take the opposite position and maybe just maybe this sting is actually to target the NSS issue.
Just think for a minute..Operation Spamalot could be a good cover to dig deeper on the issue of Naked Shorted Shares and the manipulation by market makers and hedgefunds who basically have their prints all over this problem.
Last Thursday an unprecedented halt on 35 companies just before the open of the trading session commenced..One has to think that the excuse used for this halt and sting was called "Operation Spamalot"..I have looked into the spam charge by the SEC and cannot find much proof that spamming to any degree would have halted so many companies to warrant such a halt..Actually, CIVX doesn't have any indication that an abusive spam campaign actually existed to any great degree..Other companies have similar indicators as well.No real issues with spamming..
So I asked myself what would the real reason be to halt 35 companies?
My first thought came to me before anything was the issue on NSS..I do know that CIVX and AAPM have a problem with NSS and I bet many of the other companies have similar problems..We know there is much attention being given on this subject matter and we also know that from various articles that the SEC has looked the other way and even dispelled the notion that NSS actually exists..Could it be that the attention by the news media finally has hit home..We also know that this matter has taken on a whole new meaning in Washington by Congress..
To halt 35 companies is really a big deal..One can only imagine the number of shareholders and their investment dollars being effected by just a simple spam operation that really hasn't anything to do with the companies in question, just doesn't make sense..This halt has to be bigger than just some frivolous infraction like spamming.I can understand the out cry and I bet the SEC even though in the past have shown their stupidly may have wanted this and planned on attacking through actual concerted effort in really getting down on how wide spread this NSS is and used these companies as NSS models.
Could they have some plan in fretting out and compiling data and finally addressing this issue.
Something to think about...35 companies halted,hundreds of shareholders effected,thousands of dollars involved and angry emails to the SEC on just "Operation Spamalot" I don't think so..Something deeper is going on here..Just another opinion.
Have a good day
varok
