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Posted On: 02/20/2023 12:29:11 PM
Post# of 32696
Re: jamiejaytrader #28382
What seemed obvious to me is no one would go through the trouble of illegal naked shorting for a few shares. Would have to be significant naked short selling of our shares .
Here's one of my favorite parts of that article...
Who doesn't like a...
"A massive short term increase in demand like this would cause a tremendous spike in the price"
Bring it
Quote:
This week we received our first comprehensive reports from the investigators, and the information appears to represent significant naked short selling of our shares , evidenced by ‘fails to deliver’ and ‘fails to receive’ imbalance data, among other data. Notably, this data appears to be conspicuously absent from the officially published short selling reports.
Here's one of my favorite parts of that article...
Quote:
At this point, the brokerage holding the fake shares tracks down the brokerage that issued them in the first place and requests that the short seller deliver the outstanding dividends for those shares. These innocent brokerages want no part in the illegal activities of Shorty and the rogue brokerage, and they definitely won't stand for these criminals selling IOUs to their innocent customers. So once they track down the rogue brokerage, they demand that Shorty immediately does both of the following:
Deliver all the outstanding dividends for the IOUs that he created
Destroy all the IOUs that he created by buying them back from the market
A massive short term increase in demand like this would cause a tremendous spike in the price of both the company's stock and the delivered dividends (if they are cashless).
But if Shorty and the rogue brokerage do not co-operate, then the innocent brokerages clean up the mess on their behalf. If the dividend is cash, then the innocent brokerage pays it to their clients that are fake-shareholders of record, and they keep the receipt. If the dividend is cashless, then they buy as many as they need from the supply, at whatever asking price is offered, and deliver to their clients that are fake-shareholders of record, while they hold onto the receipt. Then they go to the market and buy all the shares needed, at whatever asking price is offered, to destroy the IOUs held in their brokerage, and they keep the receipt.
Who doesn't like a...
"A massive short term increase in demand like this would cause a tremendous spike in the price"
Bring it
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