BTCS Inc (BTCS)

[investor2004]

I JUST TALKED ABOUT THIS AND THIS IS HOW!

USE YOUR POWER AS A SHAREHOLDER AND STOP BEING USED!


This crap needs to stop! I am sure as well as I am sure many others here are sick of this being held down artificially by some fat cat Hedge fund manager with deep pockets somewhere on Wallstreet! The pricing and L2 on this thing is so contorted, manipulated, off base, and out of control at this point, I really do not know what whoever is doing this plans are to eventually right this sinking short ship! It is ridiculous! We are talking about Hedge fund short sale holders I am guessing who are currently in the process of walking the plank here at BTCS in a big way IMHO! And the REGSHO FINRA flag proves it!

Considering some of the posts here with larger holdings I am guessing if everyone on this board did this it would put a big hole in this racket even more so since it would reduce the amount of new short positions they can take and seriously force them to show their hand and back them into a corner. Plus, there is really nothing lost. I put mine at $30 as an example! Up to each of you as investors with your own stock but I am sure many here are tired of watching the grass grow as I am while the rest of the industry shoots to the moon because of what I am guessing are massive short sale hedge bets that are currently delinquent for covering and failing! JMHO. GLTAL!

http://www.contracts-for-difference.com/Borrowing-lending-shares.html

Q.: What can you do to prevent your shares holdings from being shorted?

A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.

There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple. All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps :D.

Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.

In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.