InvestorsHub Logo
Followers 572
Posts 14186
Boards Moderated 0
Alias Born 03/25/2005

Re: harr449 post# 718

Thursday, 05/12/2005 1:53:51 PM

Thursday, May 12, 2005 1:53:51 PM

Post# of 35926
harr449; I'm not sure on the forms or filings on that issue, I just know thats what Cornell is known for. After they ink a SEDA, (Standby Equity Dist. Agreement), They massively short sell the company then loan the company funds from shortselling them and then proceed to buy up a controlling interest in that same company. They are a very slick outfit, they reserve shares with the DTC to short sell so they are legit shorts and not naked short sales and they usually have wording written in their contracts that give them the right to buy a substantial amount of shares in that company. Like I said before they are in my opinion "LEGIT CROOKS". They Pillage companies LEGALLY!!! And all with the graces of the Dreaded SEC.

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.