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Re: Patrick Bateman post# 415529

Thursday, 08/04/2005 1:48:19 PM

Thursday, August 04, 2005 1:48:19 PM

Post# of 704041
Yes, but we've all seen plenty of the brief synopses of the problem. Nice to see an in-depth article like this. I lost $24K back in I think it was '01 invested in a small company driven into backruptcy by desperation for VC after the crash and stupid enough to take a Death-Spiral Finance deal that resulted in naked shorting, blatant naked shorting. Shareholders went to court, but it mostly involved entities outside our borders and was virtually impossible to prove, plus I think the court system was overwhelmed with stockholder lawsuits and probably largely unaware of this type of manipulation back then. That was right about the time I quit investing and began trading. Yet another lesson learned in the school of hardknocks!

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