Post by goldsmith on Jun 23, 2004 2:16:52 GMT -5
Information on De-listing from the Berlin Stock Exchange
I am enclosing this information in hopes that it will assist you if you
choose to de-list from the Berlin-Bremen Stock Exchange.
In my opinion, and based on all the information available to me, I would highly recommend
taking this step to protect your company and your stockholders' interests.
Although it remains to be seen if the Berlin-Bremen Exchange and Berliner
Freiverkehr, the broker who has listed the vast majority of the companies
there, will be confirmed to be active participants in the short selling
scandal, the mere fact that they listed almost a thousand companies just
before the NASD closed the loophole leading to the Canadian market, and that
it was done without those companies permission, raises serious questions, at
the very least.
My sources tell me that the shorting is done through the US
(using the DTC "share lending pool"), and the Berlin Exchange is most likely
used just to take advantage of the arbitrage loophole in the DTC system,
since a foreign broker is required to use that exemption.
In order to exit the Berlin-Bremen Stock Exchange, you must contact the
brokerage firm who listed you, not the Exchange itself.
In most cases, this brokerage firm is Berliner Freiverkehr.
I am including a link to the list of
the companies that they have listed, check to see if you're on it (you'll
most likely be surprised to know that your company is on the list, without
your permission and/or knowledge).
Then, send a letter immediately to
Berliner Freiverkehr demanding to be de-listed from the Exchange.
You will most likely receive a letter trying to convince you not to de-list, it is a
stall tactic, in my opinion.
If in fact you are able to mention our site in
your press release concerning your de-listing announcement, it will help us
to spread the word to an even larger audience.
I am also including a link to
a copy of the form letter that Berliner Freiverkehr is sending out to
companies trying to de-list.
Most companies have been successful, but at
least one XRayMedia (XRYM.OB) has been denied their request to be de-listed.
I will keep you posted on how that plays out.
Finally, I am encouraging all victimized OTC companies to form a
coalition in order to more effectively fight the battle against naked short selling.
There is strength in numbers, and even if it were utilized only to
send letters and information to the appropriate officials, it would give you
immediate credibility.
I am convinced that the very reason that OTC
companies have been specifically targeted is that they lack the resources to
combat the corruption individually.
Please let me know if your company would
be interested in either helping to organize or becoming a member of an OTC Companies' Rights Coalition.
Also, I have a list of companies that I send
pertinent information to as I receive it (no more than once a week or so),
so let me know if I can include you on that list.
I hope this assists you in your quest to become a successful business,
the battle is uphill, but the very survival of many OTC companies depends on
winning that battle, in my opinion.
This is just another step in our war to
win back our stock market.
Eventually, we will have to deal with the source
of the problem, the SEC and the DTC.
One step at a time.
Sincerely,
Mark Faulk
"A Call To Arms: Firing The First Shots"
www.faulkingtruth.com/Articles/Commentary/1007.html
The Berlin Connection"
www.faulkingtruth.com/Articles/Investing101/1004.html
Companies listed on the Berlin-Bremen Stock Exchange by Berliner Freiverkehr
www.effektengesellschaft.de/cgi-bin/otc1.pl
Contact phone number/email/fax for Berliner Freiverkehr
www.effektengesellschaft.de/kontakt/index_kontakt.html
Copy of letter and emails from Berliner Freiverkehr & Berlin-Bremen Stock
Exchange
www.faulkingtruth.com/Articles/Investing101/1003.html
Mark Faulk
info@FaulkingTruth.com
www.FaulkingTruth.com
Btw. Class Action Lawsuits in the trillions may give
some remedy to victims of the naked shortselling illegal
fraud schemes.
I am enclosing this information in hopes that it will assist you if you
choose to de-list from the Berlin-Bremen Stock Exchange.
In my opinion, and based on all the information available to me, I would highly recommend
taking this step to protect your company and your stockholders' interests.
Although it remains to be seen if the Berlin-Bremen Exchange and Berliner
Freiverkehr, the broker who has listed the vast majority of the companies
there, will be confirmed to be active participants in the short selling
scandal, the mere fact that they listed almost a thousand companies just
before the NASD closed the loophole leading to the Canadian market, and that
it was done without those companies permission, raises serious questions, at
the very least.
My sources tell me that the shorting is done through the US
(using the DTC "share lending pool"), and the Berlin Exchange is most likely
used just to take advantage of the arbitrage loophole in the DTC system,
since a foreign broker is required to use that exemption.
In order to exit the Berlin-Bremen Stock Exchange, you must contact the
brokerage firm who listed you, not the Exchange itself.
In most cases, this brokerage firm is Berliner Freiverkehr.
I am including a link to the list of
the companies that they have listed, check to see if you're on it (you'll
most likely be surprised to know that your company is on the list, without
your permission and/or knowledge).
Then, send a letter immediately to
Berliner Freiverkehr demanding to be de-listed from the Exchange.
You will most likely receive a letter trying to convince you not to de-list, it is a
stall tactic, in my opinion.
If in fact you are able to mention our site in
your press release concerning your de-listing announcement, it will help us
to spread the word to an even larger audience.
I am also including a link to
a copy of the form letter that Berliner Freiverkehr is sending out to
companies trying to de-list.
Most companies have been successful, but at
least one XRayMedia (XRYM.OB) has been denied their request to be de-listed.
I will keep you posted on how that plays out.
Finally, I am encouraging all victimized OTC companies to form a
coalition in order to more effectively fight the battle against naked short selling.
There is strength in numbers, and even if it were utilized only to
send letters and information to the appropriate officials, it would give you
immediate credibility.
I am convinced that the very reason that OTC
companies have been specifically targeted is that they lack the resources to
combat the corruption individually.
Please let me know if your company would
be interested in either helping to organize or becoming a member of an OTC Companies' Rights Coalition.
Also, I have a list of companies that I send
pertinent information to as I receive it (no more than once a week or so),
so let me know if I can include you on that list.
I hope this assists you in your quest to become a successful business,
the battle is uphill, but the very survival of many OTC companies depends on
winning that battle, in my opinion.
This is just another step in our war to
win back our stock market.
Eventually, we will have to deal with the source
of the problem, the SEC and the DTC.
One step at a time.
Sincerely,
Mark Faulk
"A Call To Arms: Firing The First Shots"
www.faulkingtruth.com/Articles/Commentary/1007.html
The Berlin Connection"
www.faulkingtruth.com/Articles/Investing101/1004.html
Companies listed on the Berlin-Bremen Stock Exchange by Berliner Freiverkehr
www.effektengesellschaft.de/cgi-bin/otc1.pl
Contact phone number/email/fax for Berliner Freiverkehr
www.effektengesellschaft.de/kontakt/index_kontakt.html
Copy of letter and emails from Berliner Freiverkehr & Berlin-Bremen Stock
Exchange
www.faulkingtruth.com/Articles/Investing101/1003.html
Mark Faulk
info@FaulkingTruth.com
www.FaulkingTruth.com
Btw. Class Action Lawsuits in the trillions may give
some remedy to victims of the naked shortselling illegal
fraud schemes.