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

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To: gregor who wrote (4336)4/7/2009 5:06:05 PM
From: basserdan1 Recommendation  Read Replies (1) of 5034
 
>>>Question about NSS. Lets say a hedgie naked short sells a stock that pays a hefty divvy. Since there are no shares borrowed why would the hedgie have to pay the divvy?<<<

Hi Gregor....
I don't think he would and begs the question, in the event he did have to do so, who would he pay the divvy to since the shares weren't borrowed....

Just a can of worms!
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