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You know it's funny these bashers always talk about "share selling scam", yet some of the most dilutive stocks I don't see any bashers or very few. Yet some of the most bashed stocks like ASTA and DBMM have had little to no dilution in last few years, makes one wonder...
So naked shorts can access funds before actually closing the positions out?
Laughed off? By who? A bunch of losers who get paid peanuts by criminals to bash stocks all day, could care less about you pathetic losers.
They have all this supposed knowledge of the markets and they spend all day patrolling an otc stock forum, lol.
NSCC “re-nets” settlement fails; #FTDs reset to zero each morning, only end-of-day fails are reported to SEC. Regardless of the trade-date value, previously failed trades are carried at current market value (“marked to market”). Asmar & Trimbath (2022). https://t.co/jrpIOqoEjl
— Susanne Trimbath PhD (@SusanneTrimbath) August 18, 2023
$FNGR $gTii Don’t ever let someone convince you #nakedshorting isn’t a real problem. They hide it everywhere, including overseas. And the regulators know. Time to blow it ALL up! https://t.co/8dV8gabKwq
— 🦉🐝 (@ItsStillMeAlby) October 19, 2023
These are the worthless scum of the earth who are good for nothing.
Of course bigger, more sophisticated short seller employ smarter bashers who are better paid.
When dinogreeves shows up with positive sentiment on a stock it's high time to sell, that's what I've learned.
Just laughable.
You really can't be that naive can you? There are some boards where they monitor the boards for 18 hours a day, that's not a hobby. Take a look at DB*MM, one of them even asked shareholders to message management to accept revocation. They are paid shills for toxic lenders who naked short OTC companies.
Yup people need to stop being so naive.
Who said 17 billion, most of the estimates are in the 700 million to billion range.
But Stock barber just said that the brokerage house dosen't have a problem with margin...
Who keeps bringing that up?
https://finance.yahoo.com/news/end-naked-short-selling-230100677.html
"What makes the September ruling so impactful is this: Without the big banks and financial institutions’ complicity, this highly destructive form of naked short selling could never happen. Instead, they actively facilitate the destruction of shareholder value.
The reason some big banks allow it, despite their sizable compliance departments, appears quite simple: These illegal transactions are highly lucrative. The short-term windfall profits associated with the creation of counterfeit shares are too tempting to resist."
“[...] brokers will place a marker or pledge to deliver the shares on the investors’ accounts, which are made by the seller’s clearing firm”, Barkley explains. “Abusive and unchecked naked shorting can lead to a loss of shareholder rights, including disenfranchisement by overvoting and the resulting throwing out of votes by brokers to conceal the breadth of the naked shorting problem, which could also lead to fraudulent vote results orchestrated by broker-dealers instead of shareholders.”
It often goes well beyond “ghost” shares, too. The most nefarious of short sellers target companies with negative reports–sometimes with legitimate information, and sometimes with falsehoods or half-truths–to drive down share prices with maximum impact, thus ensuring that the companies lose their ability to obtain financing. Once that process is completed, naked shorters then begin to offer those same companies alternative financing (predatory debt), which they have no option but to accept."
That last sentence sounds mighty familiar dosen't it...
If the only one that can illegally naked short sell is the brokerages, than why keep bringing up the 2.50 share margin?
And if the brokerage can never get a margin call on naked short sells, than why are we told naked short selling dosen't happen if your insinuating it's basically risk free?
https://finance.yahoo.com/news/end-naked-short-selling-230100677.html
"What makes the September ruling so impactful is this: Without the big banks and financial institutions’ complicity, this highly destructive form of naked short selling could never happen. Instead, they actively facilitate the destruction of shareholder value.
The reason some big banks allow it, despite their sizable compliance departments, appears quite simple: These illegal transactions are highly lucrative. The short-term windfall profits associated with the creation of counterfeit shares are too tempting to resist."
“[...] brokers will place a marker or pledge to deliver the shares on the investors’ accounts, which are made by the seller’s clearing firm”, Barkley explains. “Abusive and unchecked naked shorting can lead to a loss of shareholder rights, including disenfranchisement by overvoting and the resulting throwing out of votes by brokers to conceal the breadth of the naked shorting problem, which could also lead to fraudulent vote results orchestrated by broker-dealers instead of shareholders.”
It often goes well beyond “ghost” shares, too. The most nefarious of short sellers target companies with negative reports–sometimes with legitimate information, and sometimes with falsehoods or half-truths–to drive down share prices with maximum impact, thus ensuring that the companies lose their ability to obtain financing. Once that process is completed, naked shorters then begin to offer those same companies alternative financing (predatory debt), which they have no option but to accept."
That last sentence sounds mighty familiar dosen't it...
any shorter would have got a margine call a ling time ago.
Uhhh I do know that, I thought you were saying they are able to pull that money out before actually closing the position.
10,000 percent refers to the move from lows to high after CE removal, it's not necessarily from whatever the average is they naked shorted at.
Also I wonder why you and DJponder happen to tag team bash a lot of other stocks as well? Do you two know each other? You two just happen to tag team bash the same stocks?
Wait so are you trying to say that one can naked short a stock and immediately have access to that money? Without any obligation to close out the position?
They can't access those fund until the position is closed out or the company reverse splits or goes under.
For a naked short to make money they have to either cover the position lower than where they bought it, the company has to reverse split or ideally go bankrupt/revoked. Now which class of companies tend to have most reverse splits/bankruptcies and revocations? Why it's here on the OTC.
https://www.zerohedge.com/markets/end-naked-short-selling
"Additionally, the SEC notes:
Rule 204 requires firms that clear and settle trades to deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by the settlement date or to take action to close out failures to deliver by borrowing or purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the settlement day following the settlement date for short sale fails, or no later than at the beginning of trading hours on the third settlement day following the settlement date for long sale fails, and fails attributable to bona fide market making (“close out date”). If a firm that clears and settles trades has a failure to deliver that is not closed out by the beginning of regular trading hours on the applicable close-out date, the firm has violated Rule 204 and the firm, and any broker-dealer from which it receives trades for clearance and settlement, is subject to the pre-borrow requirement for that security.
However, as Barkley points out, the SEC does not publish FTDs (failures-to-deliver) of U.S.-issued securities traded and settled abroad (including Canada). This means a significant number of FTDs are never accounted for, essentially creating a naked free-for-all.
Last year, UBS Securities LLC conceded to having failed to close out an astounding 5,300 FTDs in the previous decade, yet still kept executing new short sales in the tens of thousands.
“This is naked shorting and FTD abuse on a significant scale, likely involving many billions of dollars,” Barkley writes. "
Wash trades by the crooks.
https://www.zerohedge.com/markets/end-naked-short-selling
"Additionally, the SEC notes:
Rule 204 requires firms that clear and settle trades to deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by the settlement date or to take action to close out failures to deliver by borrowing or purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the settlement day following the settlement date for short sale fails, or no later than at the beginning of trading hours on the third settlement day following the settlement date for long sale fails, and fails attributable to bona fide market making (“close out date”). If a firm that clears and settles trades has a failure to deliver that is not closed out by the beginning of regular trading hours on the applicable close-out date, the firm has violated Rule 204 and the firm, and any broker-dealer from which it receives trades for clearance and settlement, is subject to the pre-borrow requirement for that security.
However, as Barkley points out, the SEC does not publish FTDs (failures-to-deliver) of U.S.-issued securities traded and settled abroad (including Canada). This means a significant number of FTDs are never accounted for, essentially creating a naked free-for-all.
Last year, UBS Securities LLC conceded to having failed to close out an astounding 5,300 FTDs in the previous decade, yet still kept executing new short sales in the tens of thousands.
“This is naked shorting and FTD abuse on a significant scale, likely involving many billions of dollars,” Barkley writes. "
Better stick to beer pong and toga parties….
China has it's corruption no doubt just like everywhere else, but china would never allow the kind of crap we see with the settlement system and naked short selling. One of the big reasons the west is in decline, destroys innovation, jobs and lives. And all the wealth get siphoned offshore to people who contribute absolutely nothing.
Only in North America and Europe can these scumbags do these crimes for so long, in China they would have been gone long ago.
It's nice to see the true nature of the naked short boiler crew come threw, say hi to your mole inside the SEC for me. 😉
Get a grip, you mentally challenged person.
It's not about the number of posts, but the content of the posts. And by the way Pink has less posts then our resident bashers, and Pink is actually a shareholder...
It's strange why is a Canadian citizen asking DBMM shareholders to message company management, to strike a deal with an American securities agency?
Yah no naked shorts, just a bunch of retirees and good samaratins who all managed to stumble onto the DBMM board... 😅🤣
Do they not realize they blow their cover with posts like that? "X dosen't happen because it's illegal" Yah? What about the global drug trade? lol. And they have the gall to call longs sheep...
🚨Compliance & Risk Departments for Big Banks & Financial Institutions now are officially on notice.👀
— CryptoCexual (@jamers2012) October 17, 2023
👩⚖️Judge Lorna Schofield has ruled. What's done cannot be undone. The bell🔔has rung.
The impact of this ruling cannot be understated. Legal precedent is now established.… pic.twitter.com/KdrHvtZ1FE
LOL. Notice how quick the bashers jump in to berate you for being optimistic.
Questions for
— Dodger (@realscottdodge) April 21, 2023
Alpine Securities, Scottsdale Capital
John Hurry, Justine Hurry,
Ron Riedel
Do you still hold a concentrated short position in $GTii
Are you the firm out of Utah calling large shareholders to buy?@iscjjh @HurryJustine @john_hurry11 @jrusin70 @rbronco4life pic.twitter.com/PuJBFaJpua