Are Most of the Brokers Already Settled?

[noahltl]

We know Ameritrade purchased 180 billion shares prior to the Master Shareholders list from the hearing. They had surrendered about 30 billion or so as I recall, leaving them something like 150 billion. Was this a NS settlement purchase, directly from the company, and bypassing the DTCC?

Now I have seen posts from folks who are saying that Etrade has told them that they are issuing their own certs. Do they mean that they covered as well, in the same way that AMTD apparently did? Could we assume that they purchased approximately the same number as AMTD? Are we at approx 300 billion certed coverage shares from the two brokers?

How many others did the same? We have Schwab telling callers that they are just going to go ahead and send them their certs, apparently to get them out of the way. How do they know the shares are available unless they did the same?

We have been looking to the Market Makers as the settlors/ non-settlors of this Naked Short. Maybe we should have been looking at the Brokerages instead.

Does most of that 703.5 billion OS actually include the amount of certed shares purchased by "settled brokerages".

Is this cert pull designed to close the possibly tiny gap left to the Naked Short? Which would apply maximum pressure on the remaining brokers.

I guess if we want to idenify the "holdouts" maybe we should be looking at which brokerages are offering the most resistance.

[crawdadds]

Good post.

Does it not look like the foreign brokers are giving their investors lip service?

[marshacmkx]

This is exactly what I think is going on. Very intriguing.

[tramp]

i just called etrade, they have plenty also, and you can get all you want on 1 cert.

[tramp]

i think all settled noah, and its just 1 left.. the whole mastermind of all this garbage.. it may not be made public, but you will see some resigning..

[noahltl]

tramp said:

i think all settled noah, and its just 1 left.. the whole mastermind of all this garbage.. it may not be made public, but you will see some resigning..

That's what I'm thinking too, tramp. Care to venture a guess on who it is?

[nospromod]

noahltl said:

tramp said:

i think all settled noah, and its just 1 left.. the whole mastermind of all this garbage.. it may not be made public, but you will see some resigning..

That's what I'm thinking too, tramp. Care to venture a guess on who it is?

Soros

[tramp]

noahltl said:

tramp said:

i think all settled noah, and its just 1 left.. the whole mastermind of all this garbage.. it may not be made public, but you will see some resigning..

That's what I'm thinking too, tramp. Care to venture a guess on who it is?

DTC..IMO..

[bosnerdley]

nospromod said:

noahltl said:

That's what I'm thinking too, tramp. Care to venture a guess on who it is?

Soros

As in Refco?

[nospromod]

bosnerdley said:

nospromod said:

Soros

As in Refco?

I know his name keeps popping up as the billionaire hedge fund that has done some bad stuff....not sure if/how he pertains to our mess....but his is the name that keeps sticking out to me...

[tramp]

nospromod said:

bosnerdley said:

As in Refco?

I know his name keeps popping up as the billionaire hedge fund that has done some bad stuff....not sure if/how he pertains to our mess....but his is the name that keeps sticking out to me...

could be just the last of the nastys that have to be dealt with. he could be one, sure, i wouldn't doubt it, and the dtc, unless they have been spanked allready.. but i doubt it.

[noahltl]

According to PJ's post, TDW has joined the list of self-covering brokers.

[squirrel516]

noahltl said:

That's what I'm thinking too, tramp. Care to venture a guess on who it is?

Pershing...?

<Flailing tail>

[noahltl]

So if most of the brokers have already covered, there should be a huge chunk of money sitting somewhere, huh?

[tramp]

noahltl said:

So if most of the brokers have already covered, there should be a huge chunk of money sitting somewhere, huh?

yep..

[St1ck]

.. waiting to be EXTRACTED.. lol!

[john3339]

noahltl said:

We know Ameritrade purchased 180 billion shares prior to the Master Shareholders list from the hearing. They had surrendered about 30 billion or so as I recall, leaving them something like 150 billion. Was this a NS settlement purchase, directly from the company, and bypassing the DTCC?

Now I have seen posts from folks who are saying that Etrade has told them that they are issuing their own certs. Do they mean that they covered as well, in the same way that AMTD apparently did? Could we assume that they purchased approximately the same number as AMTD? Are we at approx 300 billion certed coverage shares from the two brokers?

How many others did the same? We have Schwab telling callers that they are just going to go ahead and send them their certs, apparently to get them out of the way. How do they know the shares are available unless they did the same?

We have been looking to the Market Makers as the settlors/ non-settlors of this Naked Short. Maybe we should have been looking at the Brokerages instead.

Does most of that 703.5 billion OS actually include the amount of certed shares purchased by "settled brokerages".

Is this cert pull designed to close the possibly tiny gap left to the Naked Short? Which would apply maximum pressure on the remaining brokers.

I guess if we want to idenify the "holdouts" maybe we should be looking at which brokerages are offering the most resistance.

I think I figured this one out last week. UC, Stocklein and IBM are going after the BIG fish. IMO, they're going after the SEC directly, through Cede and Co. We all have seen how the stock borrow program is so full of holes, it makes swiss cheese jealous. That's where the naked short issue is created. And the Team knows this. After the borkers and MMs have settled all they can, it'll be the street name shares with Cede and Co that will remain uncovered.

The Team is going fishing in an ever shrinking pond, using dynamite! And the SEC is the fisn...Cede and Co is just a sucker. But they'll both be reeled in...they're both hooked already.

imo
john

[tramp]

st1ck said:

.. waiting to be EXTRACTED.. lol!

one of the extractions i bet, and thats what a dentist calls it when pulling teeth..

hey, i wonder..

[sjc55]

Tramp & John

I love your optimism!

(Tramp knows that I've had to have some pm's to keep me going these past few weeks, ran out of kool-aid!)

Hope you guys are right!$$$!

sjc

[trronin]

john3339 said:

noahltl said:

We know Ameritrade purchased 180 billion shares prior to the Master Shareholders list from the hearing. They had surrendered about 30 billion or so as I recall, leaving them something like 150 billion. Was this a NS settlement purchase, directly from the company, and bypassing the DTCC?

Now I have seen posts from folks who are saying that Etrade has told them that they are issuing their own certs. Do they mean that they covered as well, in the same way that AMTD apparently did? Could we assume that they purchased approximately the same number as AMTD? Are we at approx 300 billion certed coverage shares from the two brokers?

How many others did the same? We have Schwab telling callers that they are just going to go ahead and send them their certs, apparently to get them out of the way. How do they know the shares are available unless they did the same?

We have been looking to the Market Makers as the settlors/ non-settlors of this Naked Short. Maybe we should have been looking at the Brokerages instead.

Does most of that 703.5 billion OS actually include the amount of certed shares purchased by "settled brokerages".

Is this cert pull designed to close the possibly tiny gap left to the Naked Short? Which would apply maximum pressure on the remaining brokers.

I guess if we want to idenify the "holdouts" maybe we should be looking at which brokerages are offering the most resistance.

I think I figured this one out last week. UC, Stocklein and IBM are going after the BIG fish. IMO, they're going after the SEC directly, through Cede and Co. We all have seen how the stock borrow program is so full of holes, it makes swiss cheese jealous. That's where the naked short issue is created. And the Team knows this. After the borkers and MMs have settled all they can, it'll be the street name shares with Cede and Co that will remain uncovered.

The Team is going fishing in an ever shrinking pond, using dynamite! And the SEC is the fisn...Cede and Co is just a sucker. But they'll both be reeled in...they're both hooked already.

imo
john

"The Team is going fishing in an ever shrinking pond, using dynamite! And the SEC is the fisn...Cede and Co is just a sucker. But they'll both be reeled in...they're both hooked already."

[noahltl]

They were probably all hooked a long time ago. Ameritrade made most of their 180 billion cert purchase in Sept of last year. This has been coming since then, IMO

[ladydi]

noahltl said:

They were probably all hooked a long time ago. Ameritrade made most of their 180 billion cert purchase in Sept of last year. This has been coming since then, IMO

This is a good thread. Not sure about TDW though as they are saying we will order and you should get within 2 weeks if Transfer Agent can still send them out.

I said for what other reason than they ran out would they not be able to send them, she said no other reason.

Could simply be one employees version of what is going on though. I asked if they were carrying any certs and she said no. Again she just may not be in the 'know'.

I have always wondered though since Ameritrade quit selling to public such a long time ago. Months before any others. Was it also not Ameritrade that purchased a division of Knight?

Seems like it was an interesting day on the boards.

Di

[ericdraven]

Very interesting day ... now where is that fax number so I can get these faxed in.

[noahltl]

The only thing I'm trying to figure out now, is did CMKX increase the AS in order to meet the settlement agreements with the brokerages; or did John Edwards return the 600 billion shares.

[ladydi]

noahltl said:

The only thing I'm trying to figure out now, is did CMKX increase the AS in order to meet the settlement agreements with the brokerages; or did John Edwards return the 600 billion shares.

Its a great question for sure Noah. Lets hope we are enlightened as to its answer sometime in the not so distant future.

Keepin the faith, Di