Plastic2Oil Inc (PTOI)

[wEaReLeGiOn]

The PIPER'ers are the most likely group to short a stock they're PIPE'd into as a hedge. We know that 'sophisticated' investors can use their holdings as collateral on the OTC, so it is very easy to borrow against their restricted PIPE shares. I didn't see any anti-shorting provisions mentioned by JBI in their filings. Putting an anti-shorting provision within equity financing agreements is a common thing to do these days. Back a number of years ago few companies thought to add this provision. It was a common tactic by nearly all Hedge funds, and there were a couple that were notorious. I forget the one (something or other partners, or capital, that recently changed their name), you might remember.

Naked shorting on the OTC, nearly impossible.

Naked shorting of JBII? Fegedaboudit..


If you believe that there is extensive naked shorting going on, it's likely that many, if not most shareholders who didn't get their shares in a PIPE are holding counterfeit shares.