Saturday, October 21, 2017 12:25:09 PM
The issue involved with naked shorting is partly a subjective one. Naked shorting is technically legal within reasonable expectations and this is due to a desire for liquidity and flexibility given to market makers which other brokers/brokerages are sometimes prone to try and take advantage of. This is why some posters who are negative on NWBO continue to insist that naked shorting is legal and no harsh enforcement actions will be taken. There have been some brokerages that have been given a small fine and a cease and desist order for abusing this system which created excess failure to deliver notices for them as a result of failure to seek a reasonable source of shares to cover the short from. This lack of accountability benefited the perp but they were treated almost like something just a little more than a minor oversight had happened. This was just the cost of doing business for this company. A major action could well be warranted under certain circumstances, though, and in terms of how this might affect NWBO, we know that there has been an ongoing SEC investigation with no formal announcement or action as of yet and as far as I know the investigation NWBO says they were going to do still has the folks they brought in to do this on the payroll. We can all come to our own conclusions but the fact that the FBI recently acted quickly on good information that an options perp from Israel was going to arrive at JFK and they met her there to arrest her after 12 years of inaction by Israeli officials should be a wake up call for fraudsters. She faces up to 40 years of prison time here in the US. Best wishes.
Recent NWBO News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM