In today's day and age bear raids happen by people who are positionless and just doing it either for sport, or because they are invested/work for a competitor, or just downright ignorance or even just being malicious for the same reason an internet virus is created.
JBII has been the victim of a bear raid, and everybody knows it who isn't an amateur. I say the word victim though loosely -- only those dumb enough to sell at $1.50 or .75 when the first bear raid started are the victims.
Bear raid The illegal practice of attempting to push the price of a stock lower by taking large short positions and spreading unfavorable rumors about the target firm. http://www.answers.com/topic/bear-raid
While I agree about the lack of short selling and rarely even mention that, it's blatantly obvious the bear raid in the form of unfavorable and downright false rumors. Class action lawsuits for example by PIPE investors? Please. I sure hope nobody is dumb enough to fall for such amateurish nonsense.
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