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Re: arvitar post# 175727

Tuesday, 05/17/2011 6:43:58 PM

Tuesday, May 17, 2011 6:43:58 PM

Post# of 221875
arvitar, down at the cellar levels Rule 3370 allows MMs to legally naked short sell into markets with buy orders when there is not many sell orders. So everytime the share price tries to get off the cellar floor at .0001, there is someone there to step on the victim corporation's market.

As the weeks and months go by the MMs make a fortune with percentage spreads while the net aggregate naked short position becomes astronomical from all the activity. This leads to apprehension among the co-conspiring MM's. They can't stop naked short selling into every buy order that appears becuse if they do the share price will gap & this will put tremendous pressure on net capital reserves for the MM's & margin Maintenance requirements for the co-conspiring hedge funds and others operating out of more than 13,000 naked short selling Margin accounts set up in Canada. And of course covering the naked short position is out of the question since they can't stop the day-to-day naked short selling in the first place and cover at the same time they continue to naked short sell.
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