(Total Views: 161)
Posted On: 11/18/2017 3:53:04 PM
Post# of 72446
Naked shorting wasn't a problem before the Mako attack, because the Mako attack changed everything.
The Mako attack hurt the company by panicking stupid investors who didn't read beyond the lying first paragraph which claimed the company was a shell (which was and is totally untrue), and also panicked people who did not understand the company with the other lies. The attack also attracted independent short-sellers who are remoras, following on when they see that a serious attack is being mounted, and also the traders' gangs, who likewise follow on to an attack.
I know that the traders' gangs exist because I was invited to join not one but TWO of them, back when they were pumping and dumping AVXL.
Some things become issues when circumstances change. In the case of IPIX, "greenmail" by law firms that file frivolous "shareholder" suits against companies became an issue after the Mako attack, when the Rosen Firm filed their bogus suit before they possibly could have had time to even read the Mako article. So, for IPIX, law firms filing frivolous suits was not an issue until the law firm filed a suit, which fortunately was shown to be utterly without merit by the judge's decision.
So, similarly, one could say, "why isn't raising the dividend an issue for IPIX?" And the answer would be: because a dividend is not an issue.
Yet.
The Mako attack hurt the company by panicking stupid investors who didn't read beyond the lying first paragraph which claimed the company was a shell (which was and is totally untrue), and also panicked people who did not understand the company with the other lies. The attack also attracted independent short-sellers who are remoras, following on when they see that a serious attack is being mounted, and also the traders' gangs, who likewise follow on to an attack.
I know that the traders' gangs exist because I was invited to join not one but TWO of them, back when they were pumping and dumping AVXL.
Some things become issues when circumstances change. In the case of IPIX, "greenmail" by law firms that file frivolous "shareholder" suits against companies became an issue after the Mako attack, when the Rosen Firm filed their bogus suit before they possibly could have had time to even read the Mako article. So, for IPIX, law firms filing frivolous suits was not an issue until the law firm filed a suit, which fortunately was shown to be utterly without merit by the judge's decision.
So, similarly, one could say, "why isn't raising the dividend an issue for IPIX?" And the answer would be: because a dividend is not an issue.
Yet.
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