January 2006


General Issues20 Jan 2006 02:42 pm

Pauly has started posting live updates from the Borgata open in Atlantic City. It’s a WPT event, and reminded me somewhat of the article Andy Bloch had written about the release that the WPT makes players sign when they arrive at the tournament.

His server is down now so I can’t quote anything but it seems that it’s so broad that players like him and Chris “Jesus” Ferguson have avoided the WPT events as of late due to possible conflicts with other agreements. The retort written by the WPT is that they’ve been operating at a loss for the last few years ‘for the good of the game’ or something equally rediculous.

Chalk all this vague fact recollection and generalizations up to my poor memory.

EDIT—
Pauly also posted photos of the event in his last update. The third one shows 90% of the visible players shuffling their chips and playing with them like the ‘pros’ do on TV. This has to be one of the most annoying aspects of poker getting popular - the constant chip racket at the tables.

General Issues20 Jan 2006 10:58 am

Received a call last night informing me that CMKM diamonds (Casavant Mining) was so screwed up from their stock being n-shorted that [it appears] they just pulled up stakes and are re-issuing certificates towards another company (Entourage Mining?) to valid shareholders that can produce hard certificates. In the FAQ section of the site they put up :

Credible information indicates the number of naked short shares is potentially as high as 2 trillion shares. However, these numbers must be legally confirmed and validated before any action can be taken. That said, the time has arrived for all CMKX shareholders to flex our considerable collective power in this united campaign to achieve justice for friends, families and ourselves. It is our belief that CMKX shareholders have been handed, on a silver platter, the opportunity to become the most formidable force the naked short sale perpetrators have ever faced.

http://www.cmkmtaskforce.com/

Some more links I’ve dug up:

The middle link states:

Mark Faulk, Editor of The Faulking Truth, has been signed by The Owners Group, Inc. to author a book about the saga of CMKM Diamonds (better known by its trading symbol, CMKX), a small once publicly-traded Canadian diamond company that has found itself at the epicenter of the naked short selling scandal known as Stockgate.

I’ll keep the updates coming as they show. What a great story to be following.

General Issues19 Jan 2006 03:21 pm

Thanks to CW for this hot tip.

The CEO of Overstock.com, Patrick Byrne has put together a slide show and narration about naked short trading on Wall Street, and it’s nothing ’short’ of INCREDIBLE. He writes:

The Dark Side of the Looking Glass
Online slide presentations written and narrated by Patrick Byrne. If these don’t freak you out, you’re not paying attention.

The shows are located at : http://www.businessjive.com/nss.aspx

If you check out the e-mail exchange html link it’s crazy in itself.

General Issues17 Jan 2006 11:22 am

With the Federal Election, Christmas and more and more happening in my life I decided to take a brief pause from my Blog.

But fear not, faithful reader! I am back. I found this strangely disturbing video on google videos. My favorite part is where the guy shoots the two fully automatic glocks like in the matrix.

http://video.google.com/videoplay?docid=5854686068870249151&q=shoot

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