>> and down by shady shorters <<
What makes you believe that the shorters, in legitimate scams (:-)), aren't also the pumpers? In some instances, outright criminal activity by individuals who would acknowledge that they're criminals?? It is TO THEIR ADVANTAGE that share price be maintained. It makes most sense if the pumpers and shorters are the same individuals...... each short sale would bring in more bucks.
The game before 9/11 was to play long, to issue a bazillion shares and to pump a piece of scam crap. Refer to Bio-Flourescent Technologies, if you like. The game after 9/11 was to whore down stocks, good or bad. The whores realized that, long, they needed to find sellers. Naked shorting, however? If the company never regained footing, there would never be a need to cover. Every cent derived from the short sale would be profit.
aegis.com
I don't know what the all-time high was, but I remember once calculating the market cap at $280M. This particular group had at least two of these babies running at once, each secured by a single rental property in San Diego. |
