ZNext Mining Corporation, Inc (ZNXT)

[Jim Bishop]

There's a dual listing loophole for shorts. Don't know what German exchange will take a pink, Berlin/Bremin won't.

That's the exchange where literally 100's of OTC BB's were listed most without their knowledge. They rarely if ever trade there. Berlin/Bremin doesn't allow shorting on OTC BB's of any kind.

Here's more on that:

http://www.investorshub.com/boards/replies.asp?msg=5885750

Posted by: Jim Bishop
In reply to: Downunder who wrote msg# 37911 Date: 3/29/2005 2:13:19 PM
Post #

It was/is a dual listing loophole, the listing didn't have to be Berlin, it could be London, or Australia or wherever someone could list whomever they wanted.

Most of the stocks that were listed, often without their knowledge, never actually traded there, or traded very little.

Here's what some of us got back from that exhange via emails:

Eva Klose
Public Relations Department
Telephone : 030 / 31 10 91 - 25
eMail : [e-mail]


""Price manipulation:

We understand that some OTC-BB companies fear prices may be manipulated on our exchange.

Irrespective of the market segment, price manipulation is a punishable act by German Criminal law.

Short selling:

In Germany, short selling is only possible subject to severe restrictions. One of those arises
from the fact that short selling may only be initiated in securities for which a securities lending
market exists in Germany. Since this is not the case for securities of the OTC-BB, short selling
of these securities is not possible. Another restriction arises from the general rule that all
trades in Germany have to be settled within two days. If a trade can not be settled within two
days due to failure to deliver, the counterparty will buy the security on the market and recover
the damage caused from the short seller (“buy-in”). This process called “forced execution” is
regulated on all German exchanges."



Also go back and read some of this fellow's posts, he's in Munich.

http://www.investorshub.com/boards/profile.asp?User=23889