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Microcap & Penny Stocks : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (5936)	3/25/1998 11:03:00 AM
From: Pugs	Read Replies (2) \| Respond to of 9569

As long as they are in street name they can and will be shorted against. By demanding your shares in name, you insure your investment against legal shorting. Your brokerage firm will loan your street name shares to the shorters. You're correct that it doesn't effect your long investment expect for the fact that a shorter is using your shares. Undeclared naked shorting is when the shorter has no certificate to short against. He hopes to drive the price of the stock down, hopefully to terminal zero, so he never has to cover. If the shorter can hire goons to relentlessy slam the stock, and pay the goons a few sheckles as opposed to covering, it works out as cost effecient for the shortseller and the goons pocket a few coins. By demanding your certs, like we have at RMIL, the shortsellers , who have created a demand for certificates by naked shorting the stock, are now forced to by shares/certificates in the Market to cover their short positions. In the case of RMIL, where the float is in certifate form, it creates a short squeeze, where the shortsellers who sold naked to bring the price down, must now buy certificates to cover their illegal short position as the TA puts pressure on the shortsellers to cover so shareholders demands for name certificates can be met, when the shortseller goes to the market to buy shares to cover, they must buy at the shareholders price...which keeps increasing as more buy to 'get in' on the squeeze, traders, etc. Don't allow these guys to shake shares. If you've done your DD, you're comfortable with your investment, etc., ignore these guys, everyone knows why they are here! All the best Pugs