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Sunday, August 12, 2007 5:42:59 PM
He explained to me that the history of a majority of pink sheet companies is that they go to zero. Therefore, certain entities will research companies with problems(BDGR qualifies there) and they will sell them indiscriminately. Between the problems and the selling it becomes a self fufilling situation with the goal of zero(delisting). They do not intend to cover and many times there will be more naked shorts than outstanding shares.
Every so often there comes along a real company that survives this process. My friend was involved(on the legitimate side)with a company that survived the manipulation of naked shorting. That company was TASR, It went from a split adjusted .27 to 32, thanks in a big way to the naked shorts.
There have been a number of rumors from different sources about a large naked short position in BDGR. Due to the nature of this manipulation it is very tough to prove. But the survival of a company in that position will expose that manipulation.
With the recent events at BDGR, I believe this company is going to survive and probably prosper. So So(oops I hit the keys twice) let's see how many manipulators are in BDGR.
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