quarterly out, page-19

Hi Jantimot,

CuDeco Management is playing it smart and safe as Rocklands moves towards production later this year.

Have a read of this PDF , some paragraphs have an eerie resemblance to the current situation with CuDeco.


I suggest you have a warm cup of cocoa, an aspirin and a good lie down to read this “pot boiler or bodice ripper “.


If anyone thinks corporate bastardy has been eliminated, you must read this. Beware it is 15 chapters of unremitting stock trading manipulation.

http://www.deepcapture.com/wp-content/uploads/story-of-dendreon.pdf

It seems that it is one of the peculiarities of the Securities and Exchange Commission that while it is ever
eager to hassle CEOs of small companies, it goes to considerable lengths to protect billionaire hedge fund
managers.

The SEC has publicly stated that naked short selling is a crime. It has also said that it has evidence that illegal naked short selling occurs on a large scale and does serious damage to public companies. But it almost never says which hedge funds are responsible. It never says who is flooding the market with phantom stock.

So as far as the SEC is concerned, it’s all a big secret. As the commission states on its website, the naked
short selling statistics “of individual firms and customers is proprietary information and may reflect firms’ trading strategies.” It seems not to matter to the SEC that those “proprietary” trading strategies are illegal.

Meanwhile, the SEC does not require hedge funds to disclose even their legal short positions. As a result,
it is impossible for journalists to present photo-perfect portraits of attacks on companies like D.........
But brokers and other sources can tell who some of the short sellers are. And by analyzing public information such as data that hints at various hedge funds’ options strategies, educated guesses can be made as to who has the most to gain from a company’s decline. One also can come to understand the relationships that bind certain hedge fund managers and miscreants, and ask whether these people might have been acting in concert.

No wonder ASIC are a minnow in the system.

It is to be hoped that the Senate Inquiry into ASIC here in Australia can come to grips with the problems evident and supply the proper Regulations to correct the existing corrupt systems in operation here. Other countries may then follow. All to the good of retail shareholders and society in general.


cheers,


Max