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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (443)11/4/2005 3:16:25 PM
From: Clase Azul  Read Replies (2) | Respond to of 5034
 
Ruff, I asked you what you though of Buyin.net (a link you posted on this thread) and the history of the operator. I asked you if you think the threshold list is working. I asked you to cite one instance where a company can prove they were naked shorted heavily. Have you followed any one of the lawsuits where the companies have sued B/ds? I haven't heard of ONE winning. That was a huge buzz a few years back when naked shorting was easy.

as far as Essary goes: I don't have time to take apart each piece but the guy is sadly skewing the facts. Is there some proof I missed about Refco being the KING of naked shorts? He is playing on your fears and the fears of the rest of the naked shorting crowd.

“It is pertinent to look at the growing US controversy over illegal naked short-sales and its consequences. FinancialWire … posted an article in March 2005 about a Michigan man, Robert C Simpson, who acquired 100% of the issued and outstanding stock of Global Links Corp. Two days later, he found over 50 million shares of the company shares were traded on the bourses. This case came up for discussion by the Senate Banking Committee and was probably the earliest official acknowledgement of naked short-sales (without first borrowing shares, as is legally required).”

Well if Essary or anyone had followed this the company issued like 90m shares or something hilarious that he missed. I really don't have the time to take apart each and every Essary "pr" but be it said that the guy is a joke and he needs help with the little green men in his head. Why continue to post his stuff? Do you really think there is some merit? I mean somebody from overstock hasn't received their 70k shares?? I hope they are short against the box on that one.