Friday, September 21, 2012 9:57:46 AM
For the last couple of weeks UBSS has been sitting on GOSY's ask with 2,000,000 shares at $.0037 or less.
The purpose of that ask ceiling is to prevent GOSY's pps from moving up and forcing a massive naked short squeeze. It is a clear and intentional signal to other MM's that any upward movement of GOSY's pps due to "good news" will be thwarted. This is, imho, deliberate complicity by UBSS to artificially hold an OTC stock price down using their offshore relationships to hide the identities of those directing these manipulations.
Isn't that more unethical behaviors such as UBS hiding client identities and their funds from the IRS in order for their anonymouse clients to evade US taxes?
When GOSY's CEO complained to UBS's Chief Compliance Officer, Frederic Greenbaum, UBSS moved their ask down to $.003.
When GOSY's CEO complained again to Greenbaum, again, UBSS moved their ask down to $.0025.
When GOSY's CEO complained to UBS's Chief Counsel, Jonathan Eisenburg, regarding this obvious manipulation of GOSY stock and it being in violation of UBS's "Code of Conduct" and asked for an appropriate point of contact, Eisenburg referred GOSY's CEO back to the very people --as appropriate contacts for ethics code violations-- that GOSY was wishing to report as violating UBS's Code of Conduct!
That is unethical on the face of it!
Has anyone else seen similiar behavior by UBS regarding OTC stocks that they follow?
mech66
P.S. Here's still more on UBS's unethical activities:
Recent UBS News
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