XpresSpa Group Inc (XSPA)

[Red Angus]

Evidence of VRNG short manipulation?

As many of us have opined, the present stock price of VRNG is unrelated to value because of manipulation (low float and low price = perfect spawning ground for manipulation).

As we know, there are many, many ways short sellers get away with creating phantom shares and selling shares naked without ever borrowing or even locating the shares they sell. Multiple sources explain how this is done. Because of all the ways there are to skirt the law, or defy the law, relating to short selling, appearance on the government’s “Fail-to-deliver” list is not as common as it should be.

Many people feel that, because of the many, many ways to cheat the system the official “fail-to-deliver” list is just the tip of the naked-short selling iceberg. If a stock appears on the list you can often be assured that there’s a ton more illegal naked shorting going on.

During the two-month period from 9-15-12 through 11-14-12 about 715,000 VRNG shares were admitted to have been “failed to be delivered”. These were not all necessarily sold illegally, but you’d have to believe in the Easter bunny to think that such failures were the result of innocent mistakes. And only God knows how many million shares of VRNG were ACTUALLY sold illegally and not covered as required by law.

The info for the second half of November was not published the last time I checked it.