Medinah Minerals (MDMN)

[Goldstrike]

It may be impossible to short an eight cent stock in the U.S. but there are ways...
“On 1st April 2004, new regulations in the US made the practice of naked shorting just about impossible, by requiring that sellers of any stock must be able to deliver the sold shares within 2 days of settlement. Between January and April, hundreds of US companies found themselves listed in Berlin, on the Berlin Stock Exchange, without their knowledge or consent. Why might this be?” http://www.integrity-research.com/cms/2007/06/29/slamming-penny-stocks/ offers the answer concerning shorting of U.S. penny stocks after 2004. One of the main culprits seems to be the Berlin Exchange. I might add that a recent penny of mine soared 1200 per cent the week after I bought it. Within a short time the stock fell to a third of its value, still leaving me with a nice 400 per cent gain. The drop in pps co-incided with an unwanted listing on the Berlin exchange. The company in question is finalizing a CUSIP and name change, thus fixing the foreign creeps wagon. The stock doubled again just on that news.