Write - directions - take 10 minutes out of your day today to write the SEC to block the Alibooboo I

MsMorrisine · September 11, 2014 1:59PM

Write you statement in a notepad type application.

use words like "counterfeit us money" instead of "fake coins"

you must use the words "the IPO is not in the public's interest"

include links to counterfeit us money. check sales of the items you post and be sure they show sales to USA customers. Be sure to mention that there were sales to US customers of counterfeit us money.

7 transactions in last 6 months all to USA customers:
http://www.aliexpress.com/item/Copy-Coin-Replica-Coin-1909-S-VDB-Lincoln-Cent/598979840.html
This would still be considered a "current coin" by the Federal Reserve

This is a counterfeit us coin
http://www.aliexpress.com/item/Free-shipping-5pcs-lot-Upside-down-eagle-coin-Matte-effects-Coin-1-oz-999-pure-silver/991582759.html
of a us coin currently sold by the us mint here:
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=17368&langId=-1&parent_category_rn=13738

this is a counterfeit us coin with 5 transactions in the last 6 months to USA customers
http://www.aliexpress.com/item/20pcs-lot-free-shipping-1-Oz-Gold-24K-999-Pure-Gold-Plated-American-Liberty-Eagle-Coin/1460252737.html
of a us coin sold by the us mint here:
http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=17408&langId=-1&parent_category_rn=10118

On the http://www.sec.gov site:

Select "If your complaint does not fit in any of the categories above, please describe below"

take what you wrote in the notepad and paste it into the box below.

Continue answering questions.

Hit the "Next" button to go to the next page. There are a total of 5 pages. On page 5, it will ask you to save your Name and Address info. Save it. Then the "Submit" button will appear. Submit.

The Reason you are saving the thing in the notepad type application is to send it to your 2 senators.

http://www.senate.gov/general/contact_information/senators_cfm.cfm

Simply add a brief into to the note: "Dear Senator _________; I have contacted the SEC to block the Alibubba IPO under their authority to block IPOs not in the public interest. I hope you can work with the SEC to see that this company that aids and abets in the sales and importation of counterfeit US money to US parties is not publicly traded on a US stock exchange. Please see my complaint to the SEC below:"

This is bigger than paid line standers

This can be done

The SEC can block IPO listings that are "not in the public interest."

Directions will be posted tomorrow

braddick · September 11, 2014 2:23PM

For those that don't want to wait:

MsMorrisine · September 11, 2014 2:43PM

The

SEC

Is not the fcc

This is about

Counterfeit money

And not net neutrality

GrumpyEd · September 11, 2014 3:50PM

I think it's strange that SEC allows any IPO for shares that use a VIE structure.
Since China doesn't allow any shares of internet companies to be owned by foreigners, you only own a simulated share and the company itself can't be audited by SEC. Only the VIE structure can be audited not the company itself and if they ever revoke the VIE then investors can end up with nothing. Just imagine if there's a problem like now with Russia and sanctions, I can see a lot of situations where investors could get shafted. I don't think it's worthwhile to invest in anything like that when you can invest in real shares of other companies without that risk.
It's also one of the reasons it was listed here, the SEC allows it but other markets (I think even China and HK) don't allow it.

I don't think SEC will block it, it's a done deal but I'd stay out of investing in it based on principal that it's a VIE and you do not really own any share of the real company and it can't be audited.

I'd rather own real shares in anything or coins or PMs or at this time just keep some dry powder.

stealer · September 11, 2014 4:13PM

Big brother is big. I have no issues with Alibaba, but maybe it's because I'm Asian

???

MsMorrisine · September 11, 2014 4:40PM

Browse the major news sites for what's available on alibubba

And we can add counterfeit US money

It's not in the public interest to list such a site.

May as well take the Silk Road II public

TwoSides2aCoin · September 11, 2014 8:51PM

I'm a Nebraskan and Kool Aid was made there. I've joked about it a lot, but…. Anyway, I don't want to get into that stock (IPO), any more than I want to get into the Irreverent (now deceased) Jim Jone's religion. On that note: let's encourage those who are "investing dollars" into companies to try Chinese Pandas. (in PCGS holders , of course)

Respectfully,

My writing's on the wall in less than 2 minutes.

dbcoin · September 11, 2014 9:00PM

this is a waste of time and stupid

Icollecteverything · September 11, 2014 10:23PM

They were talking about it on CNBC and the funny thing is, no one knows who really owns or controls the company!

BStrauss3 · September 11, 2014 11:00PM

Really... freaking scare mongering at it's worst: OMG there are vendors in that marketplace selling fake coins that are not identified as such violating the US Hobby Protection Act.

First, have you LOOKED at eBay recently???

Second, the vast majority of Alibaba listings are items for sale from legitimate vendors using it as an ecommerce platform instead of building their own micro platform. Alibaba and Ali Express allow direct to consumer as well as B2B sales. The listings you don't like are legal in China. It's only when the merchandise enters the US that it becomes illegal - so you should be asking your congresscritter to have ICE enforce the law and block counterfeit coins at the border.

BTW, having the SEC block the IPO does nothing.

MsMorrisine · September 12, 2014 2:02AM

HPA?

Did I mention the HPA?

Counterfeit US money.

And part of what is written about is the abundance of counterfeits on the site and them pretending to clean it up before the IPO. Blocking the IPO does something -- they need to do more.

Further, part of the complaint is that sales of the counterfeit us money can be shown to be sold to us buyers.

Call it stupid, call it a waste of time, but my wastes of time have gotten results before.

bestday · September 12, 2014 2:11AM

<< Big brother is big. I have no issues with Alibaba, but maybe it's because I'm Asian

??? >>

wrong forum.....Forget it .. Wall Streeters have the power you don't, and won't .... Yahoo is already big beneficiary of the alibaba IPO... If you haven't looked America following all the powers of the past into decline as is Britain ,Spain Egypt.. Romans, and on
Buy yahoo stock or alibaba when it hits the public

pennyannie · September 12, 2014 2:33AM

Who cares, buyer beware like everything in life some will make money, some will lose money and others steal the money. Stocks and politicians have the same definition.

Justacommeman · September 12, 2014 2:51AM

I'm ok with this IPO and I plan to buying it. I'm not a throw the baby out with the bath water kind of guy.

MJ

3stars · September 12, 2014 2:52AM

Really? With all of the US corporations that have actually been convicted of shady dealings still trading? Not to mention the hundreds of other Chinese companies already trading on US stock markets...

dbcoin · September 12, 2014 2:58AM

<< I'm ok with this IPO and I plan to buying it. I'm not a throw the baby out with the bath water kind of guy.

MJ >>

me too

BStrauss3 · September 12, 2014 3:14AM

<< Counterfeit US money.

...

Further, part of the complaint is that sales of the counterfeit us money can be shown to be sold to us buyers. >>

It's not illegal [counterfeit] until it enters the US. Cue previous comment about ICE.

Can ICE seize counterfeits at the border? You betcha. They do so all the time. Should they do more? Write Congress and propose reallocating funding to ICE enforcement...

MsMorrisine · September 12, 2014 3:16AM

<< 

<< I'm ok with this IPO and I plan to buying it. I'm not a throw the baby out with the bath water kind of guy.

MJ >>

me too >>

baby out with the bath water?

IPO - carrot

SEC - stick.

If you want them to take action on counterfeits, you use the tools available.

Notice in the news how alibubba is already pretending to clean up counterfeits before the IPO.

How much harder would they work if the IPO were threatened?

quickwing · September 12, 2014 3:20AM

Great coin chat.

MsMorrisine · September 12, 2014 3:28AM

<< Great coin chat. >>

thank you.

I think it is great to cut down on the sales of counterfeit us money to us parties, too.

3stars · September 12, 2014 3:51AM

Guess US banks and derivitive trading is OK then

CoinZip · September 12, 2014 3:52AM

Good Luck.....

I for one would love to see this IPO blocked.

edited to add: IPO stands for Initial Public Offering. When a company transitions from private to publicly traded they offer an IPO.

Justacommeman · September 12, 2014 4:00AM

<< 

<< 

<< I'm ok with this IPO and I plan to buying it. I'm not a throw the baby out with the bath water kind of guy.

MJ >>

me too >>

baby out with the bath water?

>>

So Alibaba is a company devoted to only selling US Counterfeits only? If so, I'm mistaken.

Scammers scam. Cheaters cheat. Liars lie. Stopping this IPO curbs zero of this.

MJ

Justacommeman · September 12, 2014 4:14AM

I see Yahoo is up +3.5 % on a down day in the market. I see that SoftBank is up 4.6% today. They own more of Alibaba then Yahoo. Together Yahoo and SoftBank own close to 60% of the company.

I appreciate the spirit in which the OP is launching this campaign even if I disagree with it. Regardless this IPO is fait accompli.

MJ

MsMorrisine · September 12, 2014 4:50AM

curbs or stops. I don't think it will stop. I think it will curb. They already are pretending to care. They can start really caring. It won't stop it, but t will curb it.

Justacommeman · September 12, 2014 5:11AM

<< curbs or stops. I don't think it will stop. I think it will curb. They already are pretending to care. They can start really caring. It won't stop it, but t will curb it. >>

Boycott the site, get others to join you if your worst suspicions come to light. They don't really care.

MJ

shorecoll · September 12, 2014 5:38AM

Alibaba does more damage to the fashion industry than coins, you would think there would be more noise on that front. Of course, that's probably the focus of the temporary clean-up. What is funny is that it looks like eBay is getting less restrictive instead of forcing Alibaba to clean up their act.

Can someone tell me what the law is for auctioneers and companies like eBay to disavow responsibility for counterfeit merchandise, coins or otherwise? I think a few high-profile prison sentences a year would clean up a lot of this, even if it's only a few years per perp. You would think the coin industry could sponsor a USSS position just to do this and help a lot.

Write - directions - take 10 minutes out of your day today to write the SEC to block the Alibooboo I

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