Trading there appears to be in this ticker even th
Post# of 300
How many years does the DTCC need to see go by in order to feel confident that the 'market' in this ticker has 'stabilized' from one day of naked short sellers at particular brokerage houses naked short selling over half the float worth of shares on the fateful day of the after-hours global lock?
It appears that the FBI sting operation which occurred two whole years before the release of the SEC litigation against the ex-CEO was played as an ace card up the sleeve of a few crony brokerages of whom used the knowledge of the timing of the release of the SEC litigation announcement to execute a pump and dump operation in the stock ticker. The powers that be ran up the PPS from sub pennies up to $0.086 in May 2011 and then began massively short selling the market activity which was generated from the price movement, all the while the ex-CEO knew nothing about any of this and was executing on a business plan achieving business developments like producing the new ecig device and launching it on the company website. By the last day of June 2011 the suspicious market participants had the stock back down to $0.022 the day after the SEC litigation announcement via Routers and they had their paid bashers on all the message boards telling everyone that 'there is a lot of money to be made' doing what they were doing on the short (dark) side and that everyone should join and come over to the dark side. Meanwhile untold numbers of buyers were active in the stock that day, the stock shot up from $0.0045 to $0.022 within the first hour but then suspiciously remained exactly at $0.022 all day for the rest of the day even though over half the float worth of shares were traded on heavy volume; aka the stock was 'capped' as naked short sellers were actively defrauding the public by marking the buyers accounts with IOU electronic markers and phantom shares because they knew that their friends at the DTCC had their backs and would lock the ticker that very same day in after-hours.
The DTCC global lock essentially forcibly removed any buyers (bid support) so that the short sellers could slowly but surely rely on a steady stream of capitulation by longs to grab real shares in order to help cover their massive short positions. Curiously there was also no failure to deliver metrics released by FINRA for the fateful day of trading which is ILLEGAL.
Since July 2011 this stock has been sitting in a DTCC ordered global lock for an unknown reason, the public has not been informed of any reason for the lock and there is seemingly no recourse for shareholders other than being punished financially by the powers that be for what was accused of the ex-CEO years ago.
Perhaps the time has come to speak to SEC attorneys and/or your congressman for the illicit actions of a few at the DTCC and of one or more online brokerage houses and their manipulative naked short selling activities.
May the force be with you
Do or do not, there is no try