The Real DTCC Discussion

[I-Glow]

Wes Christian rarely wins any of his silly naked shorting lawsuits.

"Christian’s longtime sidekick, a data collector named David Wenger operating a firm called Shareintel, He adds that naked short-sellers have “driven thousands of companies out of business” — a whopper made without evidence by others for a long time.

“I’m not aware of any of these lawsuits or investigations that have really done anything,” says Peter Molk, a professor at the University of Florida. “It’s telling that you don’t see mainstream corporate-governance firms or activists taking on these naked-short cases.”

Shareintel provides junk research about Naked shorting.

Christian says without proof that the $100 trillion idea of the cost of naked shorting — more than double the market capitalization of every American public company combined — is laughably absurd. “There’s no example of a company that’s a good solid business, where we can explain its valuation and, only with naked short-selling, can we then explain its price drop,” J.B. Heaton, the managing member of One Hat Research, which provides expert testimony regarding litigation claims valuations and settlements, tells Forbes. “It’s bad lawyering in the face of potentially legitimate harm.”

"Christian sat for interviews numerous times with the late Robert David Steele, a Holocaust denier who once claimed NASA had a colony on Mars populated by kidnapped children turned into slaves. (Um, this is not true.) According to a note on Steele’s website, Steele was planning to include an interview with Christian in a documentary called Wall Street Treason & Crime before Steele died in August 2021."

“I’m not aware of any of these lawsuits or investigations that have really done anything,” says Peter Molk, a professor at the University of Florida. “It’s telling that you don’t see mainstream corporate-governance firms or activists taking on these naked-short cases.”

I believe that naked shorting is I significant but on every board a few are always screaming that it is some kind of shorting that is causing the price to drop - when is usually the insiders that are the problem.

"The Loony Conspiracy Theory Threatening Wall Street"?"

https://www.forbes.com/sites/brandonkochkodin/2023/06/22/the-loony-conspiracy-theory-threatening-wall-street/?sh=759801784ba1