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Message: Bull Some questions

Re: Bull Some questions (Jim Puplava and Eric King, Batman and Robin)

in response to by
posted on May 24, 2008 09:51AM
Diggy, They can hold out as long as they can hold out. What you and I have to do to make money is to simply outlast them. Naked shorting can wreak all sorts of havoc in the short term involving price action in a stock and be really unsettling to the uninitiated, but for the long-term investor who has understanding, it really makes little difference, provided it doesn't drive the company doing it out of business. Then there could be some trouble. You and I, as shareholders, have a legitimate claim to part ownership in the company. That's all I want. What do I care what the market says that ownership is worth because some ding-a-lings are out there playing these manipulation games. I am an owner. Now, some people are out there selling shares they don't have in an effort to scare people like you and me out of this investment. Ultimately, everything will have to be tallied up. Someone will come in and buy this company and only those people who actually own shares are going to get paid for the buyout. The jig will then be up. All the shares will be recovered and the price will reach its natural rather than artificial level. Imagine this situation. A criminal shows up to a car dealership, binds and gags the employees and starts selling the cars for cash off the lot. Eventually the police show up. What happens? They call everyone that bought a car and have them all bring their cars back, the guy goes off to jail and things start over again. Now, what about this situation... What if the guy sells all the cars and then takes off for Bolivia? The police show and call everyone who bought the cars and they need to bring their cars back and they don't get their money back. The dealer does get the cars back however and things do start over again. There has been a transfer of wealth, however, from the people who bought with cash to the criminal now living in Bolivia. Is that money lost forever? Yes, unless someone wants to go hunt the guy down. Let's call this ESCAPE to BOLIVIA RISK or EBR. EBR is always a concern when someone sells something that isn't his to sell as these Canadian Banks are doing with Kimber Shares. Essentially they are making a big bet that the gold bull is not for real, that investors are dumb and that they will be able to outlast them. Of course they were not counting on Eric King and Jim Puplava when they came up with this plan, just as the Joker was not counting on Batman and Robin when he was coming up with his plans. The real problem when this thing comes to a head will be dual ownership of shares. Or rather multiple people claiming ownership legitimately to a limited number of shares. Just as counterfeiting spuriously increases the money supply, decreasing the value of all the money that's out there, at least on a functional level, this method decreases the value of the stock out there. In the case of currency counterfeiting, eventually, the government has to eat the costs, by pulling fake money out of circulation and remunerating unsuspecting citizens. This wrong involving Kimber, will have to be righted in some way eventually as well. Fortunately EBR is very low with the RBC Bank because they have a lot of money and Kimber is small potatoes relative to their total assets. Whatever they lose on Kimber, it is not going to break them, I hope. Shorting Kimber was a mistake on their part. Kimber has Jim Puplava and Eric King, so it will not roll over and die like most other Junior Miners would. These guys still don't know this, and continue to play this dangerous game. How it will end, no one can know, but I have to put my faith in the rule of law. Eventually these guy will be brought to justice. "Brought to Justice" Wow that sounds very dramatic! Eventually, they will have to buy back these shares that they don't have or go broke and I don't think RBC which is the parent institution for RBC Bank with over $600,000,000 that's six hundred billion in assets will go broke over Kimber. At least I hope not. If stuff like that starts happening, Kimber will be the least of our problems. Bull
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