Galaxy Next Generation Inc (GAXYQ)

[honeyiswell]

This was a response to the article about naked shorting:
Posted by: DCschmoeka
In reply to: achrol who wrote msg# 27713 Date:6/11/2004 2:34:09 PM
Post #of 27725


There is no possibilty to shortsell in Germany, not even German Blue Chip Index (DAX) stocks.

Note that a Berlin "Listing" is nothing but a broker offering German retail investors to buy US and other international small caps w/o having to have an US account or pay 50€ overseas comission for a trade. The Broker executes all orders for his clients, buy or sell, on the original market, the US OTCBB. There is no possibility to enter a "Sell Short" order, and even less possibilty to enter "Sell Short, Naked" orders.
Some say Hedge funds could use the Arbitrage exemption ruling, by buying 100 shares in Berlin and selling 10000 in the USA short, and calling it an Arbitrage. First of all, this is a "net short 9900" IMO, and secondly, they would need at least small volumes in Berlin. Zero volume in Berlin on 95% of the stocks that claim to be shorted is PROOF they are the ones responsible for the stock price decline, and no shorters here or anywhere else in the world ran it down. CPYE DCUT best examples.

This is a set up by financialwire.com, a promotor tool, and some OTC scams, which needed an excuse for their shitty performance.

If you ask me, there is no naked shorting at all, not even in the US markets. Its all phantasy.