Thanks for your support. No, we have not started buying shares yet.
I wonder whether the buying recently is a naked short squeeze, since the Curt Kramer-linked counter-narrative has permanently lost the debate. The unstoppable momentum of the JOBS Act Rules and Regulation Crowdfunding made sure of that.
Also, in 2010 something bizarre happened that caused Merrill Lynch to be naked short MORE SHARES THAN ARE IN THE PUBLIC FLOAT.
The FBI investigated and they attempted to arrest and/or interview me at the time, but I was in New Zealand and had nothing to do with the events that resulted in Merrill's naked short position. I even offered advice and tried to help Merrill figure out what remedy they might have.
One of the remedies available to Merrill was simply to never cover their naked short position. As long as that naked short position stayed below a certain threshold of market value the Regulation SHO Rule says they never have to cover the position, and Merrill also never has to disclose it to Bank of America shareholders because it is "not material" -- but honestly it had the potential to bankrupt Bank of America (not an exaggeration) so I thought a better remedy was needed at the time.
Bank of America and Merrill Lynch reportedly considered my "help" to be some kind of a criminal extortion attempt and they filed a complaint with the FBI. No good deed goes unpunished, right?
