No Own - No Sell

[Bird of Prey]

Since there seems to be quite a bit of misunderstanding concerning what we hope to achieve with this petition I offer the following links from the Hong Kong exchange. After the short sale induced crash in the late `90's they revised the short sale rules. The links below explain it pretty clearly. Unless you have backed your short position with cash and/or made arrangements to guarantee the shares shorted are not naked the sale is illegal and the trader is subject to fines and/or imprisonment. Please not the the exchange provides the legal mumbo-jumbo as well as a FAQ and a what if scenario to make sure that any investor can understand the situation.

http://www.info.gov.hk/gia/general/199809/07/0907071.htm

http://www.hkeirc.org/emain/special_g18.html

http://www.hksfc.org.hk/eng/investor/html/stories/hket%20I/s_sale.htm#2q


Also, I would like to note that as expected our opposition seems able only to attack us on a personal level. Opening their arguments with namecalling and rhetoric. We took our time creating the petition so that it would be carefully worded as to allow for no other response from the short selling crowd and have a reasonable chance of being acted upon by the proper authorities. Based on the volume of shorts responding so vigorously...it appears we succeeded. Keep actively spreading news of this petition as our opponents are trying their best to squash it.
At the very least it will help us develop comprehensive list of serious short sellers and the newsletters they issue. Ask yourself, "If a newsletter publisher is actively against this petition...why wouldn't he be shorting into the buys created by the pump in his newsletter?"


The Bird of Prey