You are no doubt thinking of legal shorting, NTEK imo is being abusively naked shorted and has been for a long long time. In this case non existent shares are sold and our brokerage firms collude with the short sellers by ignoring their fiduciary duty that would insure good delivery and instead place markers in our accounts. These shares (markers) being sold are sold by short sellers with no intention of ever buying them back. Their goal is to bankrupt the company by depriving it of access to capital. The short sellers employ bashers to make negative posts causing longs to lose hope and sell at a huge loss. The regulators know what is going on but look the other way. Hope all read the story about the SEC I posted this morning.
The good news is that more and more companies are fighting back and if they succeed it will be devastating to the short sellers and enriching to those that own shares. Understand it is not easy to beat these guys and they do not lose often but when they do the gains can be astronomical. I believe NTEK management knows exactly what is going on and is hopefully working a plan to turn the table on the shorts. Time will tell all. Go NTEK!!!
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