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Sunday, January 29, 2012 10:05:03 AM
In that case, since there's never been a forced buy-in for "naked shorts", what happens to the extra 2, 4 or 10 times the float in counterfeit shares held by investors who think they own a part of JBI? Is the company forced to acknowledge the shares as real at some point? Do the shareholders just get told (as they would with counterfeit currency), "Sorry, you're SOL. Those shares are worthless and we're taking them away"?
If you're going to buy as many shares as possible and hold them, it would behoove you to care if they're real, or if they're counterfeit, wouldn't it?
"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing."
-- Albert Einstein
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