re: lok suspended from trading..., page-3

re: lok suspended from trading... LUNCHALOT ....

When a share price is "shorted", it goes, up or, down?

You may have missed my previous post. Somehow another "glitch" in Hot Copper's software, being that a new thread was started in what looked like a reply to me .....

Read this !!

The ASX notice today advises that Looksmart have failed to pay a listing Fee and have been suspended from trading, as of today. The fee is quoted (elsewhere) as being, as little as $11,237.00

http://www.asx.com.au/asx/statistics/todayAnnHeaders.jsp

The ASX notice also advises that, according to list rule 16.5 a bank cheque for payment must be received now, and is required (according to rule 17.15) by 5.00pm on Tuesday, 29/08/2006,

Or, Looksmart face FULL de-listing, altogether. I HAVE AN UNDERSTANDING THEY WILL NOT BE PAYING.


It’s a tough “game” this “investing” business and I implore readers who have got thus far in my post, to read on. It’s a most important message to all. To not do so would be a typical “head in the sand” approach that is so common with the “sheep”, as are so often described, within capital markets throughout the world.


The following, (in two parts/posts) a message posted to a private Google, Looksmart shareholder’s Group board, is as how, was posted: (Read on)

Reg SHO came on the scene accompanied by 'the beat of a Tom-Tom Drum' but has proven to have been as weak as, well …….."a railway cup of tea" …. LOL !!

Whilst LOOK hardly ever make the "list", I have noted the odd time that INCX have made it ….The regulation was designed to attempt to "clean up" the out of control situation, of "naked shorts". I have done a little reading on the subject (in the past) and it surely is an enormous scandal, in the making. Why? Because regulators, that includes the SEC in particular, appear to be doing little about the practice, that may very well be being disguised with the use of FTD's (fail to deliver) share script, following the purchase of stock has been made.

Regulation SHO is here, with a description and the current list displayed.

http://www.nasdaqtrader.com/aspx/regsho.aspx

I came across this link (next - below) to one of the most important "understandings" ALL should know of.

You will need at least an hour of your time to watch and listen to a talk on the subject matter, one that may be gaming trillions of dollars from equity markets & if a call was ever made on outstanding stock, (those FTD's) that continually remain outstanding (obviously with book entries being made), we could again see 1929 and a collapse of the markets, once again. It's a serious scandal and you do need to know and understand what is happening. I DOUBT Looksmart ARE involved, but you would never know unless all info were ever tabled. The practise of "naked shorting" is taken to a new level and "no doubt at all", that the practise of "Fail to delivers" helps to quickly dilute a Co's share price value. Whilst "shorts" with LOOK are only around the 370,700 mark (last month – new figures in a few days) we have gone from a recent high of $5.75cps, to where we are now, @ $2.50cps. We have 'no idea' if any FTD's, have played a role in lowering our recent share price value, at all. Again, I stress, that "this story is not to be missed". Hopefully, it could be a possible assist for Looksmart, to show that dramatic share price rise Spiro's chart a few months back, was showing. Don't laugh. FTD's can cause "the mother of all short squeezes", if a Co's "news" is strong enough to be solidly accepted by the market. And many of us would feel that we WILL have that kind of announcement of strength, soon. It's all been "set up" very nicely, if that has actually been, some sort of a " real" master plan ! But, a scarry thought, I MUST SAY.

I (like to) LOOK AT MOST AVENUES ….. The message here is MOST important ….(Set aside an hour and listen carefully to this presentation)

http://www.businessjive.com/nss/darkside.html

Here are a couple of Co's that have been involved in part of the 'gaming', (as described), by this corrupt FTD practise.

Not very nice at all.

(Try … $30.00pps, down to .23cps with, Refco)

http://finance.yahoo.com/q/bc?s=RFXCQ.PK&t=1y&l=on&z=m&q=l&c=

And a story on the "truth" of the matter …. (another opinion)

The $10.5 Billion REFCO Smoking Gun? *

http://www.faulkingtruth.com/Articles/Investing101/1041.html

As I am saying, do take this all very serious. It can happen again and again although I believe that with out type "partnership involvements", we are reasonably safe. But it does give us a good picture as to why we can enjoy a pretty good "short squeeze", when good news comes.

Furled stories on Refco ….A company having a recent 3 month av. daily sales, a little over 40,000 trades, had 30 Million traded in one day!!!

http://www.furl.net/search?enc=UTF-8&search=true&chn=top&keyword=refco&src=4&x=21&y=6

The Sedona Corporation is talked of in that most important presentation. (As per the link on the bottom of the page, in the previous post). It was taken from around the $1.50cps level, down to just, $0.11cps !!!!

http://finance.yahoo.com/q/bc?s=SDNA.OB&t=5y&l=on&z=m&q=l&c=

http://www.thestreet.com/_yahoo/stocks/brokerages/10277405.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

"Eyes wide open" ….ALL THE TIME ....


Cheers !!

:)
LC