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Elliot09

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Elliot09

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Monday, 05/16/2016 10:04:07 PM

Monday, May 16, 2016 10:04:07 PM

Post# of 1598
U. S. Supreme Court ruling today paves the way to sue Reg SHO violators (short sellers) at the State level. Stockholders and Companies can sue at the State level for Federal Securities Laws violations and can apply the RICO Act in doing so. Companies like PRHL that have been dogged by naked short selling can now go after the SHO violators and in the case of PRHL we have ample records dating back to 2012 of all the naked shorting that has transpired.
The total accumulated short sales since 2012 is over 32 million shares but currently an existing realistic estimate is between 18 and 20 million shares. It will be interesting to see what develops from this ruling.
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