Naked Shorting-Hedge Fund & Market Maker manipulation? Message Board

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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation?

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From: dvdw©	9/8/2008 7:39:38 AM
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plausible deny ability.......throughout. Fortescue's Short Story By Alex Wilson in Melbourne and Laura Santini in Hong Kong Word Count: 516 \| Companies Featured in This Article: Fortescue Metals Group, Babcock & Brown Australian miner Fortescue Metals Group Ltd. has pilloried the short sellers it says have helped drive down its shares 46% since late June. But the owner of shares used by the short sellers turns out to be Harbinger Capital Partners, a U.S. hedge fund that is Fortescue's second-largest shareholder, people close to the parties say. Harbinger apparently knew nothing about the shorting, these people said. One of these people said Harbinger is attempting a recall of the shares that were loaned. Harbinger's role is an irksome twist for both the company and the fund. It also coincides with heightened regulatory ...

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