WiFi TV Inc. (WIFT)

[al44]

Hi camguy- having read extra's posts on shorting also, let me chip in a little. I do agree that the way to make lots of money on this stock is to short it into oblivion. I'm sure it's done- offshore. Hedge funds make a lot of money naked shorting stocks offshore. Can an individual do it? Possibly. I've checked into it myself some years ago. 2 problems. #1 if the offshore brokerage decides to screw you you have little recourse. None in US courts and in country of origin very little as it's the same story there as here ie big money controls everything and you are only a small fish making some noise. They will shut you up in a hurry. #2 the margin requirements for naked shorting penny stocks is outrageous to the tune 3-6 for one. An individual investor could tie up $20,000 for a naked $4000 short. It's all in the potential volatility. We have all seen penny stocks make 5-10 baggers in a day's trading. The brokerages want that possibility covered. I hope that helps a little. Idon't know how he shorts or for whom but thta's the info I have on it.

...........al