DD Support Board and Research Team

[TenKay]

“The broker doesn’t bother to find shares to borrow,” said Hamilton. “They simply sell shares they don’t have and after a few days book them as FTDs (failure to deliver) or hide them as long sales instead of short sales. The people who bought the shares have no idea they bought a fake share, and suddenly there’s plenty more shares in the market than there should be.”

If these groups sell 6 million shares from $12 to $6 each, and then buy back over two months at under $6, they double their money. That allows them to make up to $30 million out of thin air. They can then repeat the whole process a few months later.

“If they don’t buy back all the shares, they simply leave them as FTDs or hide them in offshore accounts,” he wrote. “At no point do they need to put up any cash to make this happen, as they’re making money from the moment they start selling fake shares.”

The ultimate goal is to push a company into bankruptcy, where the equity will be wiped out, meaning they never have to cover the short position on the fake shares.

The amount of bullshit from the GNS CEO is astounding…and suggests he has no clue as to how trade reporting actually works. He also has no clue as to how Fed Reserve Reg T works for margin requirements…

How he got some, what otherwise look like smart, people to sign up with him is beyond me.

He is simply re-packaging age old OTC naked short conspiracy myths into a new more sophisticated looking package.