James
That was exactly what I was thinking... you just don't take a bull dozer to the competition, I run my own company and as much as I'd like to turn a D9 loose on the competitors, thats just not acceptable in the corporate world.
If this is proven true, that DAY did this and even if MDIN doesnt win the lawsuit, DAY will be marked as a renegade company, and loose investor support, especially any institutional support.
KMT as to the short issue... one way to get to the bottom of the short issue, is for MDIN to issue a div... it doesnt have to be a big div (just a token, like .00001 per share.) The reason being is all the share holders are entitled to that div, and if the stock has been illegally shorted or over sold, who ever did it is responsible to cover those divs or to re purchase the non certified shares they sold.... unfortunatly the NASD by-laws gives them the choice pay the divs or repurchase the stock... so if paying the divs is more cost efficient sometimes the short seller elects to pay the div and not repurchase the short.... but never the less it is recorded the source of the divs per each share, so it will tip the amount of shorted stock and who is doing it. IE a share holder receives a div check from "joe blow" and not MDIN they know "joe blow" shorted the stock and payed the div.
I dont know if you guys know it but yes anyone can short a BB stock illegally and many less than honest/ethical short term private traders do. Right here in the US using US brokerages. Its not always an MM, (but the majority is)
Hope all this helps
KAA |
