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Re: bucks2pennies post# 21752

Wednesday, 04/24/2024 12:09:34 PM

Wednesday, April 24, 2024 12:09:34 PM

Post# of 21807
I don't deny there is naked shorting all over pinky land. BUT ... when you have toxic debt holders that are drawing down a half a billion or more NEW shares each month and immediately dumping them into the market, it must be pitifully easy to cover your short bets with the purchase of these newly-issued shares. You could even time your short bets with a new dump of toxic debt shares if you had the right info, coordinated with MMs, etc. I can't purchase shares below 0.0001--trading platform won't let me. But somebody is purchasing well below 0.0001, orders filled I suspect with sales of newly-issued shares by debt holders who have converted their debt (which they purchased at a very steep discount in the first place). It isn't really a naked short if your broker has shares to "lend" you while you short the stock. And when a half a billion or more NEW shares are being issued to toxic debt holders each month, I suspect that the shares are there to lend to short sellers.
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