JAGNotes (fka JNOT)

[MMMARY]

insight from someone else

From: ChrisJP Monday, Feb 18, 2002 9:14 AM
View Replies (1) / Respond to of 7

Hi mmmary, the premise for the naked short position (which conveniently cannot be verified) is flawed.
If JNOT recapitalizes, and makes its existing shares worthless -- then the short interest gets to claim (for tax reporting purposes) that they covered for $0.00.

Only MMs can short without borrowing shares. And they have to settle up once per month. And if anyone is stupid enough to think they are able to "squeeze the house", lololol, welllllllllllll they get what they deserve.

4 and a half years ago, there was a stock called OVIS. The first "naked short" scam. I still remember when the "OVIS Cult" members did a roll call on SI and posted how many shares they each owned. The total exceeded the supposed number of outstanding shares, let alone to supposed float. For some reason this didn't register on the cult members as suspicious ......



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Just say NO to stock fraud!