Thanks for the link, especially me likes the paragraph at the end :
"Bashers are not just killing your stock and your investment. They are killing the whole OTC Marketplace. From SEC sanctions and tightening rules, to DTCC chills to Clearing Houses such as Penson and Alpine stricter guidelines, to IRS requiring share price entry point declaration and valuations to OTC Markets imposing the Adequate Disclosure and STOP, YIELD and CURRENT INFO rank; the whole industry is taking notice and trying to make it harder for stock bashers and naked short sellers to operate. They are killing the small business person's aspirations innovations and ability to make progress. We are doing our part. Do yours! Ignore a basher! Do not answer them. Start a new string. Let the lunatics ramble on in their own cyber asylum. Do not give them the audience"
These are excellent points. The SEC and DTCC have taken a broad sword and simply chopped away at the problem without care for the legit small investor by bringing the anvil of the law down on top of all of the activities in the OTC and pink markets, whether it be legit or crony. Instead of taking care to come up with proper regulations and methods to stop the naked short selling and manipulation, they have just gone about systematically burning as many OTC and pink traders and investors in these stocks so they would eventually steer clear of the micro cap market place. The result has been a severe drop in volume in most of these micro cap stocks and so now in the low volume the price and volume manipulation is worse than it has ever been and companies struggling to raise capital to start up new businesses are fading away because of the vampires using them merely as vehicles for pump and dump campaigns, meanwhile the company typically has no idea what is going on with their stock and who is manipulating the price volume and sentiment via message board bashing. It is so rampant at this point the regulatory agencies have just turned their head to the whole thing and do not want to have anything to do with it. This is why its so imperative for RFMK to get uplisted to the OTCBB at the very least, ASAP. If RFMK lingers in the pink market for another year and continues to dilute, the stock will wind up another casualty of the short selling bashers who will pull it down to the "cellar" like most of the fallen stocks they attack, or else they will drum up so much phony volume and erratic price movements that it will trigger the DTC's dark unknown logic governing when a global lock or other such chill should be placed on a security; then none of the brokerage houses trade it, volume drys up and investors are left with no liquidity and a dead stock. Its a sad state of affairs and the problem surrounds short selling. They need to just BAN it already, just BAN it. Period. If someone wants to take the price down to drum up liquidity, let them dump REAL shares they OWN on the ASK until some new bids appear, otherwise, no one who only has the ability to borrow shares (shorting) and dumping them on any bid that exists should be allowed to tank the price at will, ad infinitum. NAKED short selling is even worse, the borrow never even happens, they just dump IOUs into the market, diluting the float with phantom shares. At least if they are going to allow others to short shares you own, the buyers should then have the right to put up IOU fake money to make trades occur in which the money will be delivered later, so that speculators can bid up a stock without having real money and just keep bidding it higher and higher with a string of monetary IOUs, its the same thing with short selling just the IOUs represent phony shares instead of phony money. Go figure.
