Burned Media Ltd (BUNM)

[Old-n-Grey]

I'd like to repeat a suggestion (idea) that was made on another board concerning the Naked Short issue.

We’re all hoping for a huge improvement in our investment opportunity after the MMs are no longer allowed to create Naked Shorts, which they do not intend to cover. But will October 15th really make a difference at BUNM? We can certainly hope so!! We can hope that the MMs will have to cover all that is not real across the board and that it will increase the PPS due to the float pool containing only genuine shares. But in the event that the October day of reckoning will not really cover all of the past sins, because for whatever reason, the brokers are not willing to cover everything from the past, …then the best option might be for the CEO to do a R/S of 100 to 99 shares sometime after the October 15th date. (Maybe around Thanksgiving Day)

The net result would be that all shares are recalled and reissued. All naked shorts would be wiped off the books in one tactical motion with an effective increase in share value since the naked shares would be eliminated from the pool. An R/S of ugly proportions would produce entirely different results, but something like a 100 to 99 share reverse wouldn’t hurt a bit and would certainly eliminate ALL counterfeit shares in the pool.

MMs will not be so eager to naked short stocks after October 15th and thus, the problem should not reoccur.