AbitibiBowater, Inc. (fka ABWTQ)

[KFC44]

ABWTQ - More Naked Short Selling

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I found this on another borad -- comment

------- When we get our injunction against this company -- we will and our lawyers will have some fun.

------- I think Prem Watsa / Fairfax was advised by its own legal council to distance itself from the board "now" (conflicts of interest), plus Fairfax's use in CDS transactions (maybe unrelated to ABWTQ -- based on what is in print -- it really is a casino). Note spreads on BP -- rumors on naked shorts too (trying to BK BP to give assets to another US based firm).

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What happens when the SEC cover up of all the naked short shares GS has 5-Jun-10 12:47 am on most of the small cap stocks they have been trying to kill comes out.

The SEC must know that GS has the highest short positions on most small cap stocks in the market.

Why...it is easy to make money on small cap stocks by dumping on the bid.

When the volume is very low...they attack the Russell 2000 index with massive basket shorting.

The SEC must know that GS is behind this...they have the software programs that make this happen.

If this story where ever to break to the public...wall street is over and dead! The gov loaned tax payer money to a firm that uses it to kill the market cap of companies by shorting them. Then the companies to boost share holder value have to cut jobs. This is the biggest cover up in the history of wall street. No market cap means no loans.

If the uptick rule were in place....small companies would be safe from firms like GS.

The truth will come out and that is when the stock market will dive and never be the same again.

prolepsis13