SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Amazon Natural (AZNT)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jeffrey S. Mitchell who wrote (24200)10/26/1999 2:48:00 AM
From: marcos  Read Replies (2) of 26163
 
When you take the following on its own, leaving aside the old shares/new shares and warrants complications, i find it morally questionable -

"Where the analogy fails is that while investors reasonably believe that the promoter will not sell more shares than exist, since he would then be defrauding the investors, a buyer of stock does not have a basis for equal confidence that the number of shares of a stock that is being sold short does not exceed the total number of shares in existence, since the seller is not trying to raise money for a venture. If even one share of a stock is sold short, there will be more shares actually or potentially for sale than there are shares in existence--since by definition the short seller does not own the share or shares that he is selling short--unless the short seller has borrowed stock in order to be able to make delivery if the buyer wants delivery."

I think a buyer should have the right to expect that shares for sale actually exist. The market is supposed to be about trading pieces of companies. The legitimate short sale, where shares are borrowed and then sold, plays a useful part. But without the borrow there is no piece of a company to trade. Looks like fraud to me.

If it is legal, then i should be able to run off Microsoft certs here on the printer. Then at least i'd be supplying a pretty piece of paper, maybe even fake autographs of dead poets as well to help mine compete against Bill Gates'.

If it was illegal, then the touts of all this dodgey paper couldn't use the concept in their smoke and mirror shows.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News