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Re: kennypooh post# 1122

Wednesday, 02/20/2008 9:15:07 PM

Wednesday, February 20, 2008 9:15:07 PM

Post# of 1440
You dont need certs to short an issue. Most short sales on the pennies are naked shorts done illegally and done off shore. Those shares are never ever recovered as that money is long gone by the time you get to this point.
ANYTIME you have to make a deposit to get money back is a BIG RED flag. Anytime the company provideds the SUPPOSED reference that also a Big red flag.
I would call the SEC and inform them of what is going on and get their opinion. Or they can direct you to the appropriate agency. You can also call the bank but I wouldnt use the number that was given as that could be nothing more than a set up. PL

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