There has been lots of talk about floats today, and so I thought I would ask your opinion on something.
We all know the term "naked shorting" i.e.-shorting shares that don't exist.
With the constant downward pressure on PHGI I am beginning to think that we're all seeing naked shorting in action....because there is no reason for PHGI to keep going down the way it has been. So....my question is....what difference does the float make if people are able to "float" non-existent shares into the share structure? And I've never understood how in the heck people can just create shares out of thin air anyway....
Is there anything that I'm getting wrong about this?
Thanks for any input and/or insight you can provide. Thanks!
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