mPhase Technologies Inc (XDSL)

[NoMoDo]

It does happen, just not by you or me and not done with those financial restrictions that we would have.

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.