GNCC Capital Inc (GNCP)

[Tgarfield2]

How could anyone sell billions here. It doesn't trade that much lol? In the last year GNCP has added nearly 20 billion shares and enough preferreds for 50 times that.

Although you think Brokers could sell NSS here the issue would not be with illegal naked short; but with the margin for the open position on their books which is reported to the SEC regularly. Brokers can't even sell all the shares the affiliates want to sell, there are no buyers.

Lots of other more reasonable possibilities which are not illegal to do. It's well known that all the shares the company has, were added by the affiliates and they paid next to nothing for them; since they got the initial ones almost for free then increased that through multiple doublings, interest and dividends.

A broker could short sell shares at 0.0001 and then buy them off an affiliate for 0.00005. Since the riskless trade that is not reported has to be at the same price it would take a few steps. Sell a few million at 0.0001 until they get to 100 million. Those are shorted by the broker at 0.0001 and then bought from the affiliate at 0.0001. Then the broker could buy 100 million at 0.00000001 from the affiliate. He then gets to sell those at 0.0001 which makes his profit 0.00005 a share. Probably done the other way around, since the broker would barely trust the affiliate.