Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.655

+2.8%

Dec 3 3:58 PM EST

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To: Mike M who wrote (9191)	2/22/2003 1:05:24 PM
From: N. Dixon	of 10293

Naked short selling has the prospect of creating an unlimited stock float. That virtually guarantees the outcome of a small company's stock against a well organized stock manipulation effort. The market place is supposed to be about legitimate company's ability to come to the capital markets to raise the money to manage capital needs. Not whether the share price of a legitimate business can be pulverized before they reach their stride. The SEC attempts to enforce against boiler room operations and fraud companies(not as effectively as one would like), but is toothless to protect against organized naked shorting. Some form of controls on this issue is essential. Well said. Investors are aware of "pump and dump" but not many are aware of the "short and distort" campaigns that people like wexler and asensio have waged against legitimate companies. Fortunately for REFR investors the company is past the R&D stage and had already raised cash for the many years it took to develop this kind of technology and now have revenues starting from a few of the licensees with MUCH more to come. The EC companies took government money to work on their switchable window but their technology is just not durable or fast enough to compete with SPD. We're one of the fortunate companies who weren't affected (except for the hit on the stock price) by the short attack. Other companies have to fold because of lack of funding and I'm sure that many of those companies had legitimate projects that, if realized, might have created jobs or bettered the lives of people. That is what is disturbing. Frauds should be exposed and punished but that is not what has been going on with Asensio and his hedge fund clients. There's plenty of evidence from the HEB and CCSI trials to prove it. Just look at the court documents. asensioexposed.com ND

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