Monday, August 06, 2018 2:22:54 PM
In otc-land, it happens in the Cayman Islands as their laws are different. I went to law school with a paid basher who shorted in the US using a crooked brokerage firm. In fact, a brokerage company by the name of Franklin Ross was closed back in the early 2000's for shorting pennies.
Do you have a better reason for someone selling 5 cents worth of xdsl pretty much every day when the brokerage fee is 140 times that value? It is obviously done to keep the price low.
On a side note, most of the toxic financing companies reside in the Cayman's because of their shorting ability - generally those who provide toxic financing will also short the stock while holding the paper. If the trade goes bad, they simply turn in the paper instead of chasing the stock price. If it goes good, they lower the price and as a result, they are given more paper.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM