InvestorsHub Logo

eik

Followers 85
Posts 6119
Boards Moderated 1
Alias Born 10/24/2005

eik

Re: TenKay post# 18909

Wednesday, 10/19/2016 4:40:59 PM

Wednesday, October 19, 2016 4:40:59 PM

Post# of 24522
Actually... even if "there is no hidden short position" what the companies with Russian assets often (I mean always) do is: they sell millions unregistered (nonexistent) shares to the public. The first sign of such a behavior is when the management instructs it's transfer agent to hide information about company's share structure (number of outstanding and authorized shares). This allows insiders to print shares "as they go". And, guess what? I've just called ELGL's TA, Transfer Online, Inc. (503-227-2950). "We are not allowed by the company to release this information to the public". Another red flag. Like we need any more. smile