Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

This is a penny stock and can not be traded short in The US by retail customers, however, Institutions, Hedge funds, and brokers can. The problem with pennies is not the normal short selling but the naked short selling, (the process of selling stock not borrowed and failure to deliver). If there is a large qty of shorts in a stock and the stock goes up on good news or other reasons and forces the shorts to cover then the stock price runs. You will see a high volume of naysayers hit the message board trying to keep the price down so they can cover at a lower price, not cover at all and attempt to put the company out of business and therefore not ever cover.
This company doesn't have to worry about shorts as a negative because its all predicated on striking oil and when that happens all the shorts will have to cover and many will buy in and spike the price upward.