Friday, May 27, 2016 7:38:23 PM
My theory is that PHMB shares are sold naked short as demanded. Then more shares are authorized as needed. I doubt we'll ever get accurate information on the number of authorized shares given the status of the "company."
I suspect that the brokerages that are facilitating these sales are also working around any shareholder selling off. Instead of my shares being sold when there is a buyer, shares will be sold naked short and furnished later to fill the demand.
With the ability to sell unlimited amounts of shares and circumvent any shareholder selling their holdings, this scam is truly a black hole where money goes in and never comes out. The only party making a profit here are the sleazy brokerages and the "company" that sells the unlimited shares.
None of this would be possible without a criminally cooperative brokerage.
These mobsters must have some inside guys working at the brokerages that offer this stock.
Bring in the FBI
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