InvestorsHub Logo
Followers 5
Posts 1090
Boards Moderated 0
Alias Born 02/15/2005

Re: DeepBlue1 post# 134

Tuesday, 05/03/2005 7:42:32 AM

Tuesday, May 03, 2005 7:42:32 AM

Post# of 10217
Yes Lap a must read,

I picked this up from the MLXO board.
MLXO is the subject of toxic financing by Connel.

The goal of the victim company now becomes to avoid the 3 main goals of the naked short sellers, namely: bankruptcy, a reverse split, or the forced signing of a death spiral convertible debenture out of desperation. As long as the victim company can continue to pay the monthly burn rate, then the game plan becomes to make some of the strategic moves that hundreds of victim companies have been forced into doing which includes name changes, CUSIP # changes, cancel/reissue procedures, dividend distributions, amending of by-laws and Articles of Corporation, etc. Nevada domiciled companies usually cancel all of their shares in the system, both real and fake, and force shareholders and their b/ds (broker/dealers) to PROVE the ownership of the old "real" shares before they get a new "real" share. Many also file their civil suits at this time also."


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.