If you are named in a suit here, you pay your own lawyer. And counter suits will cost you even more money and you will rarely win.
I never said they wouldn't initially be out of money. What I said is if the suit is groundless, it is my understanding that the plantiff could be ordered to pay court costs. I could be wrong, but I've seen cases where this has happened.
Goldfinger admitted on another board that he shorted this stock at $7 on the 25th of July, after it started trading again. I suspect, if true, that it will cost him.
First, you used a plural term when referring margin calls and you have no idea of their initial entry position.
Second, IMO, $7 is $6.99 more than what NCDR is worth. I think Auric isn't sweating this one. Again, unless you have access to their brokerage account balances, you have no business making such unsubstantiated statements.
If they have any "naked" shorts in the accounts they will be bought in right away.
Reminds me of quote: "If ifs and ands were pots and pans there'd be no use for tinkers hands."
Why are you throwing such baseless allegations out there???
Do you have ANY reason to think they have naked shorts?
As you know, I owned a brokerage firm, so I do know what I am talking about.
Sorry Art, all I know is that you've claimed you owned a brokerage firm. Virtually every statement you've made to me so far has been proven false.
For instance, I find it hard to believe that if you really were a broker that you didn't know BB stocks were shortable.
If you really were a broker and didn't know this, I don't think it reflects too well on your knowledge as a broker. |
