NorthWest Biotherapeutics Inc (NWBO)

[Doc logic]

HappyLibrarian,

The issue involved with naked shorting is partly a subjective one. Naked shorting is technically legal within reasonable expectations and this is due to a desire for liquidity and flexibility given to market makers which other brokers/brokerages are sometimes prone to try and take advantage of. This is why some posters who are negative on NWBO continue to insist that naked shorting is legal and no harsh enforcement actions will be taken. There have been some brokerages that have been given a small fine and a cease and desist order for abusing this system which created excess failure to deliver notices for them as a result of failure to seek a reasonable source of shares to cover the short from. This lack of accountability benefited the perp but they were treated almost like something just a little more than a minor oversight had happened. This was just the cost of doing business for this company. A major action could well be warranted under certain circumstances, though, and in terms of how this might affect NWBO, we know that there has been an ongoing SEC investigation with no formal announcement or action as of yet and as far as I know the investigation NWBO says they were going to do still has the folks they brought in to do this on the payroll. We can all come to our own conclusions but the fact that the FBI recently acted quickly on good information that an options perp from Israel was going to arrive at JFK and they met her there to arrest her after 12 years of inaction by Israeli officials should be a wake up call for fraudsters. She faces up to 40 years of prison time here in the US. Best wishes.