paragraphs in 1 of many recent articles about the ``Stockgate`` scandal. If this doesn`t get your attention, check for a pulse. Since this doesn`t seem to be a topic of interest here about your investments in stocks, especially BB: I`ll let the more knowledgeable ones here that have deterred most from believing there is anything to worry about, answer the many, many questions investors will be asking as this scandal unfolds, but let`s let other concerned investors take action on other companies, just sit tight on this one? It looks like you have more important things to talk about, LOL! You can at least say someone was alerting you to this rigged market for a while now? mguru

from RB:

The scope of this brief article is not sufficient to fully explain the complexities of the DTCC’s involvement in this naked short-selling scandal some refer to as “Stockgate”. For an in-depth discussion please refer to the following article at www.investors.com/breakingnews.asp?journalid=22565366&brk=1 A brief quote from this article is disturbing to say the least, “The recent lawsuit filed by Nanopierce Technologies (NPCT) alleges that the Depository Trust and Clearing Corp. has a lot of reasons, almost one billion of them a year, to keep illegal naked short selling in operation. It was the shot across the bow by the legendary Houston law firms of Christian, Smith, Wukoson and Jewell, and OQuinn, Laminack and Pirtle, whose notches already include environmental targets, the breast implant industry and the tobacco industry, all brought to their knees.

In comments to the U.S. Securities and Exchange Commission, C. Austin Burrell, who is providing litigation support and research for the law firms, said that StockGate is more massive than anyone may have imagined. ``Illegal Naked Short Selling has stripped hundreds of billions, if not TRILLIONS, of dollars from American investors,`` and have resulted in over 7,000 public companies having been ``shorted out of existence over the past six years.`` Burrell said some experts believe as much as $1 trillion to $3 trillion has been lost to this practice”. End quote.

There are some who will downplay the negative effect that naked short-selling / failures to deliver/ stock counterfeiting has on the market. Their principal argument is that when stock counterfeiting does occur, it happens mainly with “penny stocks” trading on the Over the Counter Bulletin Board (OTCBB) and the much beleaguered Pinksheets (OTC’s) where many companies massively dilute their own stock with fresh shares just to survive. This begs the question though, “Would these small, struggling companies be compelled to dilute their stock nearly so much if their stock price per share were not being driven to the ground by the criminal activity of stock counterfeiting?”

Indeed the cases before the courts right now that illustrate just how bad this problem really is and how hundreds of struggling companies and their many thousands of shareholders are being adversely affected. “Adversely affected” is not worded strongly enough. Investors are being robbed blind by the criminals who operate within the market system AND from beyond our shores and direct jurisdiction through hedge funds and other trading entities. And where do these ill-gotten monies go? Organized crime? Terrorist organizations?

for full article: click http://ragingbull.lycos.com/mboard/boards.cgi?board=GBLL&read=13333