Phoenix Associates Land Syndicate (fka PBLSQ)

[bereal]

Naked shorting is still practiced extensively on the Pink Sheets. PBLS is currently suffering a bout of that. The timing of the aggressive selling, coinciding with the recent positive news release is a clear indications the MMs will not allow the stock to go through a normal appreciation. To the contary, by demoralizing investors and driving the stock price into the ground, the MMs are trying to achieve their objective to make it impossible for the company to be finance itself. The reason is simple: the undeclared short position on the stock is now so huge that the MMs cannot cover anymore without enormous losses. So there is only one way out and that is to drive the company into the ground. Has been done before.
Warning: because there is a lot more stock out there [created through naked shorting] then can be covered by certificates many investors will not be able to get a certificate when the time comes the co decides to move to another exchange. They will be left in the cold [who to sue?] and the market makers will not cover their shorts. They seldom lose in these games. It is the small investor who does.
Cheers