Followers | 312 |
Posts | 52017 |
Boards Moderated | 15 |
Alias Born | 08/19/2009 |
Wednesday, June 29, 2022 5:36:00 PM
I have been watching pinkies and the scammers that surround them for over 30 years!
And I cannot find a single bit of evidence that suggests Kramer (or his "network") has ever naked shorted any of the companies that they dealt with! Frankly, they never had to!
They had a very simple model... death spirals:
1) Failed companies/scams came crawling to them for funds as a lender OF LAST RESORT!
2) They provided funds in exchange for heavily discounted shares in tranches.
3) They dump the shares as soon as they legally can (varies in some states) to crush the share price so the next tranche can be bought MUCH cheaper.
4) Repeat step #3
FWIW, there was a time where I also believed that Asher would short companies prior to the additional tranches. Looking closely at share issuances, short positions, and REG SHO, it became obvious... HE DIDN'T NEED TO SHORT... naked or otherwise! I should also give credit to many OTC veterans with more experience than me for specific information and where to get it.
Decades of research, facts, and observation proved my initial beliefs wrong...
As a matter of fact... I know of ZERO experienced OTC traders/investors that believe there are actually naked shorts in most pinks... including DBMM!
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