Centaurus Diamond Tech. Inc. (fka CTDT)

[bizops12]

For those who don't have the time to read that entire post I pasted in an earlier post I am going to highlight a few points. People wanted to know why Chas was concerned about margin accounts:

Shorting - This relatively simple process is perfectly legal – so far. The investor lending the share most likely doesn't even know the share left his account, since it is all electronic and occurs at the prime broker or DTC level. If shares are in a margin account, they may be loaned to a short without the consent or knowledge of the account owner. If the shares are in a cash account, IRA account or are restricted shares they are not supposed to be borrowed unless there is express consent by the account owner.
Disclosed Short — When the share has been borrowed or a suitable share has been located that can be borrowed, it is a disclosed short. Shorts are either naked or disclosed, but, in reality, some disclosed shorts are really naked shorts as a result of fraudulent stock borrowing.

The SEC provides a good write up on this issue as well:

http://www.sec.gov/investor/pubs/regsho.htm

I know I probably came across as an ass in that lengthy thread and I apologize. But I am leary of anyone who actively defends shorting. My impression is if you defend it you probably practice it. And as the one report I posted pointed out shorting a stock does nothing to advance business and enterprise. The practice simply takes working capital away from companies and investment dollars from shareholders. JM2cents - GLTA