BHUB was a victim of abusive naked short selling. But each case is different. Sometimes it is the insiders that cause the naked shorting. Sometimes it is someone on the outside targeting the company and naked short it into oblivion. Even sometimes it is the Brokers themselves who take the other side of the trade and never purchase your shares in the open market. Then they clear those shares via ex-clearing outside the DTC system.
In other words, Brokers, Hedge Funds, Market Makers, insiders, The DTCC itself using their inhouse stock borrow program and YES...even terrorist groups found out about the loopwhole in the system.
When you ask to have your shares removed from your account, you are letting the crooks off the hook...whomever they were. Those crooks never pay taxes on their naked short position either.
If you don't believe me watch the trailer to this documentary movie. I highly recommend the film which can be seen at : www.thewallstreetconspiracy.com
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