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Tuesday, January 01, 2008 8:16:12 PM
Another thinks there are extra certificates –while actually many brokers never even accept certificates any more. This rumor was started with absolutely no evidence of this and the company even made reference to it being false.
followed by this...
It is understandable the there were shorts and naked shorts when the stock ran up so high .The stock for a while was on the naked short SHO list in the summer but is not any more
The fact is to be on the SHO list there was ""extra certificates "" or counterfit certs..is there evidence?...has to company even looked into it?...are they looking into it?...answer those questions and you r answer will be different...
Deffinition of a NAKED short is a sell of a stock that you don t own or did not borrow...that stock entittlement is counterfit,you now have more shares in the float than the public float is suppose to be,you now have extra certifigates,they don t have to be in paper form,they are elecrontic and are on the brokers books,the evidence is clear as it was on the SHO list,you say it is not now,the question is if there is brokerages selling Broker to Broker the trades may never show up on the trading volume and reset s the SHO time clock,so not being on the SHO list dosent mean there are not extra shares out there..
Most of the short hedge funds and broker dealers have multiple entities, many offshore, so they sell large naked short positions from entity to entity. Position rolls, as they are called, are frequently done broker to broker, or hedge fund to hedge fund, in block trades that never appear on an exchange. Each movement resets the time clock for the naked position becoming a fail–to–deliver and is a means of quickly getting a company off of the SHO threshold list.
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