Tuesday, October 14, 2008 4:31:46 PM
are stock shares traded that HAS NOT been paid for. Fictitious volume that severely restricts a company's ability to raise capital and is illegal end of story. Naked shorting is exactly that shares sold that were never paid for , again completely illegal. If you have another explanation how these shares were changing hands , then at least then one could logically respond to your empty accusations of conjecture. Stop wrestling with your vanity and face facts. Someone or some group has systematically naked shorted this stock intentionally and illegally for there own personal gain or at the very least NUBV's certain demise.
Naked Shorting
What does it Mean? The illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. But due to various loopholes in the rules and discrepancies between paper and electronic trading systems, naked shorting continues to happen.
While no exact system of measurement exists, most point to the level of trades that fail to deliver from the seller to the buyer within the mandatory three-day stock settlement period as evidence of naked shorting. Naked shorts may represent a major portion of these failed trades.
Investopedia Says... Naked shorting is illegal because it allows manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns.
http://www.investopedia.com/terms/n/nakedshorting.asp
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