Globalnet (fka GLBT)

[fugazyh8er]

My interpretation is that GLBT has been diluted by 2+ billion Naked Short Shares. These shares will now have to be acquired and/or borrowed by those who originally sold them into the market (they have to be accessible) within 35 days of the effective date of the amendment (this is my understanding provided by the webcast, could be up for debate). The question that I have is, are there 2+ billion shares available for sale at .0001 or borrowing? By borrowing, brokers and dealers must be the holders of the certificates of the securities, if the shareholder themselves hold the certificates (paper form) they are not available to be borrowed (you can request a certificate for your shares from you broker). Since everyone now knows that there are 2 billion shares needing to be acquired or accessible for borrowing, what keeps the shareholders from holding on to them forcing the PPS upward? Especially if there is a time frame that the NS are held to? What happens if they can't get there hands on these shares in time? I may be missing something and if I am I would appreciate anyone adding clarification.