Monday, March 12, 2018 12:43:24 PM
Not saying it is going on here but I believe one of the potential ways for an insider or >5% holder to sell shares and not file the required paperwork to the SEC is to naked short sell one's shares offshore.This way you could short(Sell) small amounts of shares(relative to your holdings) over a time period.When you have all of the shares shorted(sold) that you want to sell then you just deliver your shares to cover the short and file the required paperwork with the SEC.This way the investing public was not aware you were selling all along and only finds out when you make that final transaction.
Now here"s my question.If executives at Spacely Sprockets were doing this and there was an SEC investigation into the company and subsequent halt.With Mr.Spacely and George Jetson with large offshore naked short positions.If the SEC took action against Mr.Spacely and George.Removing them from the company and taking away the stock they had awarded themselves.Would George and Mr.Spacely have to buy the stock back on the open market to cover their overseas short position?
All IMO and a made up story as I try to figure out what in the heck is going on here with the company providing no information.As well as I am coming to the conclusion that there are not many folks with a pulse working at the SEC
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