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

To: Ron who wrote (2260)	2/3/2007 12:56:55 PM
From: scaram(o)uche	Respond to of 5034

Flush out some of the truth???? Study Viropharma, where naked shares far outnumbered those that were eventually issued for the convert. It happens. The grandfather list is, according to insiders, composed of plays that have "not yet played out". Well, the Viropharma play "played out", with management refusing to cave. As the business plan took hold, shorts were forced to cover naked positions. Who has the RIGHT to proclaim a business plan as dead, and how many small investors lost their homes as this particular set of self-elected Gods were making their mistake? Pure and simple, prime brokers and their fund customers are playing God.......... the arrogance of "waiting until the play plays out", when there's no given that it will. The shares are counterfeit, and SEC has heels dug in, protecting the cheaters. The share traded at under a buck during periods from July to November, 2002, at a time that the company had approximately $6.80/share cash in the bank. When reg sho became a reality, the share was a founding member of the list. It was resident on the list until the squeeze started, short periods of exception. Yes, cash was approximately equal to debt, and the convert holders were making best effort to become whole. Instead of SEC saying "tough sh*t, you still need to play by the rules!", they turned a blind eye. Those that favor the current grandfather situation? They only want their play to "play out", and represent THEIR play as a non-Viropharma sure deal. Yeah, right sure. They ARE counterfeiters. Chairman Cox doesn't like that word, "counterfeit". Tough luck, as it's going to be crammed down his throat, non-stop, until the election. Overstock deserves a chance to issue shares at what a LEGAL market will hand to them. All development-stage companies do. One should expect very few "Viropharmas", but management teams should not be exposed to Wall Street traders who ASSUME responsibility for share price caps, using counterfeit shares. More ominous? This is smoke and mirror stuff. The intra-quarter abuses of naked shorting are not being addressed, and that's raping that makes the Overstocks/Viropharmas look like child's play. And SEC does as little to stop it as possible, moving as slowly as possible. Byrne is a hero. Hank Greenberg and cronies are, IMO, all about wink, wink, smile and empty content.