"I don't agree with this comment of yours. I believe that the playing field will be levelled, at least to a greater degree than at present. If you read my posts, you will also see that I am calling for the virtual elimination of convertible deals and discount PIPE's. At the very least, prohibit advance sale or shorting before total disclosure is made public.
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Here again you are doing more damage than good (likely indirectly). How would companies raise money if there weren't convertible deals? The few deals left that did get done would be done at a lower "fixed" price subject to "things" and shareholders would get hurt even more, it's a fact. You certainly have no expertise in financings or any type of capital raises for these hurting little companies.
So not only do you want to make it impossible to short you want to stop companies from access to capital. That's simply not right Ruff, I disagree completely.
I would like to see the GTZ cellar link please as I can assure you most of it is horse phooey simply because of margin requirements.
""That's not what I said at all. What I did say and I'll ask you again (probably the 4th time now). If you had the choice of no shorts (what the most likely outcome will be if you get your way) or some shorts (as it is now) which do you choose?
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The following statement of yours is a generalization and is not necessarily true. The ultimate naked short is the GTZ=go to zero, which is hoped will never have to be covered. I posted previously a very well-written piece as to how the scammers conspire to drive microcaps into the "cellar," i.e., .0001 x .0002, and then below, from which it is almost impossible to recover. If you can't find it, let me know and I'll repost.
Also the following comment fails to acknowledge the existence of transactions which take place overseas through internal desking. Again, search this board for articles. In fact, Truthseeker posted an article recently about the various types of shorting, which mentions this.
As part of my advocacy for clean markets, I also urge international trading to be part of market reform, through treaties and formal procedures.""
The point being that you want all shorting to go away which will be the outcome. I certainly don't advocate any kind of illegial shorting and especially the manipulated kind but what you are calling for will eliminate almost all of it, even the legal kind. So I ASK YOU AGAIN:
That's not what I said at all. What I did say and I'll ask you again (probably the 4th time now). If you had the choice of no shorts (what the most likely outcome will be if you get your way) or some shorts (as it is now) which do you choose? |
