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Wednesday, March 03, 2010 12:34:24 AM
Grumpy1917 Shared the video, post #20591, of Robert Bennett questioning the panel about naked shorting...etc. and Bennett referring to these naked short shares as "counterfeit".
Then, Trader Lou commets in regards to Grumpy's post:
" With over 2 billion shares shorted, this leaves no doubt the shorts never intended to cover in the first place. Their sole purpose was to run BEDA into the ground, force them into bankruptcy, and never have to "buy to cover". This happens more often than investors know."
So I want to know as the MM's continue to short this stock day in and day out...DO they intend to cover? DO the have to make good on these so called "counterfeit" shares? And if they do....why do they continue to short this day in and day out if they know they have to cover to the tune of 2bil shares???!!
Call me a rookie,I know, but it seems they have no intention of covering??? And...are our shares worth $$$????
It just seems really fishy to me for this to get out of hand like this. Thanks in advance for your understanding.
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