Bancorp International Group Inc (fka BCIT)

[jb1967lbk]

First of all, there is no law against naked short selling. It is a procedural violation, if committed by a registered entity of an SRO. (Reg SHO applies in that case.) However, if you operate an entity that is exempt from registration, and your transactions meet certain requirements, then there is no prohibition against naked short selling.

"Longs" can drive up the price per share of a company at any time. What do you think a hostile takeover does? What do you think the Volkswagen-Porsche short squeeze was all about? If you have the capital and you're convinced that the market price of a company's stock is deeply discounted relative to its intrinsic value, there is nothing to stop you from taking that company private.

As for my own financial activities? I am driven to find discrepancies between a security's market value and its intrinsic value. Isn't the whole point of investing to increase one's "personal" financial gain? Surely you don't buy stocks with the intent to be charitable, do you?