Could it be the Hedge Funds are
Could it be the HEDGE FUNDS are
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Being sort of a contrarian which usually means I think in reverse terms for a given subject.
I have given this naked short trading issue alot of thought.
The basics are as I understand it, alot of money can be made from Naked Short Trading, and it appears alot of companies may have gone belly up from Naked Short trading. However, sometimes things are not what they appear to be.
It has been stated over and over again, that offshore hedge funds may be one of the biggest culprits.
Could it be, the hedge funds are setting up small Pink sheet companies, using front people, just to make the money from Naked Trading on their own company, that they set up.
They are not cercerned about making or selling a gizmo, tho they may put out company reports to that effect.
After 6 or 8 months, they turn the lights off, lock the doors, and move on, as the money was made from the trading, not the gizmos.
Yes, it would take a few higher up people to play ball, but that is possible.
In fact I own a stock that has about 7 bil O/S, can not find any info on, other than some reports they put out. Can not even find Sec filings for the company. Yes it trades about 1 and 1/2 billion shares on some days.
This in no way is meant to be construde as my thoughts regarding CMKX, or with this post hinting that to be the case, with CMKX.
Logged
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Onward & Upward
Americans trying to make the investment world honest, one step at a time
