MGT Capital Investments Inc. (MGTI)

[legalizeMJ]

LINK:‘Naked’ short sellers squeezed by Supreme Court
(Thank atomicnumber31 for posting)

5/16/2016 article:
https://aminewswire.com/stories/510724790-naked-short-sellers-squeezed-by-supreme-court#.V0CTwTZieZ0.twitter

In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.

“naked” short-selling — a term used to describe selling a stock a seller does not own and has not borrowed. In standard short sales, traders either borrow a stock or make sure that it can be borrowed prior to selling it short in the hope that its value will fall before the transaction must be covered.

The ruling, which could give a new boost to startups and small companies targeted by short sellers, showed a rare moment of ideological agreement in the court. Justice Elena Kagan authored the Court’s opinion, and Justice Clarence Thomas, joined by Justice Sonia Sotomayor, issued a concurrence.

MGT is a heavily shorted stock, MGT naked short sellers will get BURNED.
Go MGT $$$$$$$$$$$$$$$$$$$$$