Greenshift Corporation (GERS)

[GregoryM]

I like Skunks ideas also.
I guess when your at home tradeing you can be naked and do your short selling LoL.
If it is to find naked short sellers, I hope they catch them and fine them really good.
Why there was 52 million and 28 million volumn over last 2 days is odd when the stock is locked?

Go GERS
Go a realy huge buyout worth billions Just dreaming again.

Greg

Below from Skunks site.

Wednesday, December 8, 2010
Global Lock
My brokerage firm canceled a buy order this morning for GreenShift shares. They said there was a "Global Lock" on the shares where they could no longer accept buy orders for the stock . They said they could not receive them from the transfer agent.

I have no idea if it is the case in this instance, however they apparently have done this with other stocks to discover counterfeit shares. Counterfeit shares can be created when illegal naked shorting takes place. Naked short selling has been illegal in the United States since 2008.

"Some commentators have contended that despite regulations, naked shorting is widespread and that the SEC regulations are poorly enforced. Its critics have contended that the practice is susceptible to abuse, can be damaging to targeted companies struggling to raise capital, and has led to numerous bankruptcies."

"In 2008, SEC chairman Christopher Cox said that the SEC "has zero tolerance for abusive naked short-selling" while implementing new regulations to prohibit the practice, culminating in the September 2008 action following the failures of Bear Sterns and Lehman Brothers amidst speculation that naked short selling had played a contributory role."
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It seems it is electronic shares only that are locked. So it could be a company move against Naked shorts - remember the (legal) short report is reported as of the first and 15th. Or a possible buyout, merger or reorgainazation. It does seem to be a company action since the SEC and DTCC have GreenSift on none of the "lists" I can find. Check out some of the dd in the posts here. I suspect things might get real interesting, real fast.