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Re: zipjet post# 2703

Tuesday, 12/18/2007 3:10:58 PM

Tuesday, December 18, 2007 3:10:58 PM

Post# of 8473
<RPRX on the Reg SHO list is a big surprise>

If my understanding is correct (based on my experience with DNDN), I think it should be an outrage to current shareholders.

shorters (usually hedge funds) can't find enough shares to short, so they pay full commissions & interest to their brokerage buddies for selling shares on their behalf that don't legally exist (i.e. failed to deliver), which opens the door to manipulation and abuse by those with big enough pockets, perhaps on a massive scale - for an eg. just check out the volume on DNDN just before the AC panel & after its rec and the FDA's CR letter.

by creating artificial supply of stock, particularly for a company with an already very low 13M shares outstanding, they can artificially depress the price and stack the odds for the direction of the stock (i.e downward) in their favor.

all officially sanctioned by the exchanges, the brokerages and the SEC who imo are complicit by their inaction in helping hedge funds (the politicos largest campaign contributers) in screwing mainly retail shareholders.

Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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