Thursday, September 21, 2006 10:37:09 PM
Shorts play games with shares to reap benefits they shouldn't, by overselling what they have, hoping to cover.
Naked shorts are fraud, pure and simple. They sell shares that donot even exist. The level playing field you speak of does not exist in pinks/OTCBB stocks.
The reason the perception that shorts and longs live together happily on bigger boards is the requirement of reporting, thus not having a naked short problem as w/pinks/OTCBB stocks. Little or no regulation was in place with pinks/OTCBB's, thus the business Buyins.net was created. Effec. July, this changed with stronger SEC regulations against shorts/naked shorts for pinks/OTCBB stocks. Now we are seeing the outcome.(PAIV/PAIM) and now to be AWYB.
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