Here is the Federal Reserve's new re-pricing program. Read the overview! They look back at naked shorted stocks and based upon their recalculation of what the price should have been, the DTCC will pay us a fairer price, representative of a stock price for the stocks we got screwed over on. Basically, because the stock counterfeiters destroyed the stock prices of so many stocks by creating such a high level of counterfeit shares and this artificial supply devastated the balance between supply and demand, sending the prices plummeting, they are finally going to address this $6+ billion per day theft.
From: Susanne Trimbath PhD Sent: Tuesday, April 03, 2007 4:40 AM To: 'Bud Burrell' Subject: RE: OK - FINALLY! Some info on the new stock "repricing" program/An Adult Powerpoint, PAY ATTENTION! Importance: High
Re: RECAPS Powerpoint; the original author misrepresents this document to you.
First of all, this is not the “Federal Reserve's new re-pricing program”; it is from NSCC who is not even a member of the Fed. The program is not “new”; it has been around since 1990. I think they filed a rule-change last year, though, to include bonds in this program which would account for the splashy Powerpoint dog+pony show.
Second, it does not mean that “the DTCC will pay us a fairer price”; in fact, it says on the first slide that they will re-price more failed trades at the current market value, that is, they will re-price the fails at today’s (manipulated) lower price.
“RECAPS reprices these open fails to the
current market value.” [emphasis added]
Furthermore, they will replace the original settlement date; this has the potential to remove aging information from the trade.
“RECAPS also re-nets open fails and assigns a new settlement date for the newly netted positions;
this settlement date replaces the original settlement date for the original fail. [emphasis added]
Not a good thing. This point is clarified on slide -2- as:
“Minimization of the number of aged fails. RECAPS re-nets all open fails and assigns a new settlement date for the
newly netted positions. The RECAPS settlement date replaces the original settlement date for the original fail.”
Because fewer fails will be reported does not mean there will be fewer fails. Just that they get to restart the settlement clock by using this program.
johmond: So proboards wants a contribution now, how about they put back 1MM's......
Feb 24, 2021 18:00:23 GMT -4
mayz: Still here and keeping the faith.
Feb 24, 2021 18:35:01 GMT -4
Jed: Did you ALL know that Proboards was collecting and selling our personal information all these years??? Scroll to the very bottom of the donation page www.proboards.com/contribute See where it says “Do Not Sell My Personal Information"
Feb 24, 2021 20:16:41 GMT -4
narvo: Wondering if anyone here ever knew the shareholder last name Ehmann from the desert area of California? He was a good man and he liked fell off the face of the Earth. I am sensing a bad feeling. He held many shares. Thx, Narvo
Feb 25, 2021 0:20:13 GMT -4
bbildman: 2 Covid Moderna vaccine shot done, nd I am still alive
Feb 25, 2021 16:14:52 GMT -4
narvo: Another link with CMKX in it.QFS Schedule: According to Military Intel Contact Tier 4B should be notified to set redemption/ exchange appointments on Mon. 1 March or Tues. 2 March,though it may happen sooner.QuantumFinancialSystem anonup.com/thread
Feb 28, 2021 0:02:28 GMT -4