News Focus
News Focus
Followers 123
Posts 59492
Boards Moderated 4
Alias Born 10/11/2001

Re: Dspetry post# 66729

Saturday, 06/25/2005 10:58:03 AM

Saturday, June 25, 2005 10:58:03 AM

Post# of 286884
The insider/s that sold the shares the week after the R/S was/were selling short naked because the shares did not exist.

There were only 11 shares in existence at that time, yet she/he/they sold shares that have been reported to be around 138,000 shares, each with a due bill attached for the upcoming 3MM/1 F/S.

Any MM or broker that resold those shares were indeed naked shorting because there was no stock to borrow.

There was none to borrow because there were only 11 real shares in existence, and only one was reported to be a "free trading" share.

I know it boggles the imagination,

But if you really want to get boggled, read the companies proposed solution to the problem.

LOL

Have fun,
Phil

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today