Thanks, OldBen. I am aware of all those GWGO press releases because I have seen them posted multiple times here. I will even agree that reading the history of a company is vital to understanding its "character".
Too often, I see posters claiming that a company's past shady history is irrelevant to its current trading status. However, I'm a firm believer in the old saying, "Those who choose to ignore history are doomed to repeat it". As far as I'm concerned, once a scoundrel, always a scoundrel, especially when it comes to penny stock CEOs.
What I was referring to in my post was the most recent company position on massive shorting of FFGO stock ("there is no evidence of it") and was using it against the position of some shareholders who say that it is a very real problem.
You see, I personally believe that Lumb & Co are very clever fellows and know their way quite well in Pennyland. They really don't need the tired old NSS excuse, not when they can write announcements like the dividend deal that leave them multiple ways out from ever delivering on it...and they are probably all quite legal.
And while I do not condone what I regard as intentional deception, I can admire how well they have done it. I believe that the SEC has neither the time nor the resources to try to prosecute him because it really comes down to asking the shareholders, "Well, did you read the entire document and completely understand the language and all the ramifications?"
No, OldBen...my argument here was not really about possible shorting in the past or even the existence of naked shorting. Rather, it was about the brashness of the Lumb crew with their announcements. Unfortunately, and has come to be expected, the topic always returns to FFGO NSS which I still regard as an unproven non-factor.
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