According to Bill Frizzell, Leslie Hakala asks: "What proof do you have of naked shorting?"
Bill Frizzell answers: "Well, I have a CD and these are 5,050 brokerage statements that represent 350 billion shares. This has just come within the last five days. We also have a December 2004 report from the transfer agent saying that 2,033 people hold certificates representing 326 billion shares. That’s 676 billion shares owned by only 7,083 shareholders. Since there over 50,000 total shareholders total, its obvious that the ones that haven’t been counted yet will far surpass the 703 billion shares issued."
Two Pounders
