Quote:I hope that those criminals who are working to line their own pockets at the expense of the shareholders are prosecuted..
You're speaking of Bordynuik, aren't you?
And the 14 people who illegally were given shares for being "friendly"?
If not, please explain to me how anyone other than Bordynuik and his inner circle have made (or could ever make) money on this scam?
And PLEASE: no talk of "competitors", NSS, hedgies stuck on stupid.. and the like. IMO We've seen these excuses and deflections from the truth for too too many years now.
And someday, you may (or may not... I'm thinking probably not) will come to understand the simple concept that there is very very little shorting going on with these penny OTC "pie in the sky" companies. The very concept is outrageously illogical, as has been pointed out so many times ... the risk involved in shorting a penny stock subject to pumping and manipulation is far too dangerous.
Follow the money. In the case of Bordynuik, follow what he says when he's forced to tell the truth under threat of perjury ... don't follow what he says (or used to say, since he's been banned from publicly lying about the company) in his PRs and the like. Also, not a good idea to quote marketing materials or puff marketing crap from websites as an indication of good DD, even if you are happy with poor DD.
Quote:@ www.pumpsanddumps.com/2014/02/just-short-minute-long-short-of-reg-sho.html
The Naked Short Seller
When a manipulated stock’s price declines, it has become common practice for penny stock issuers and their disciples to scream foul play and claim their company is the victim of a stock basher-naked short seller conspiracy, working with nefarious clearing firms to send their stock price to the triple-zero graveyard. These same issuers also complain vociferously about the purported “agenda” of the United States Securities and Exchange Commission (“SEC”) to wipe out penny stocks altogether by turning a blind eye to illegal short sale activities. It has become common practice for issuers and some Stock Bangers, also known as stock promoters or touts, to point to the Threshold Security List--the “Reg SHO List”--as evidence of illegal short sale activity that supposedly explains their declining stock prices.
Jumping on the “naked shorting” bandwagon is a mistake. Falling for the fantasy of gigantic naked short positions is the stuff of fairy tales; it does not lead to the longed-for short squeeze, particularly where stocks are the subject of aggressive stock promotion. The stock in question may rise temporarily, as a self-fulfilling prophecy, but in the end it will succumb to selling on the part of the Bangers and the insiders who hired them.
