InvestorsHub Logo
Followers 5
Posts 1784
Boards Moderated 0
Alias Born 02/19/2001

Re: rationalreaper post# 200698

Thursday, 12/22/2005 6:28:53 PM

Thursday, December 22, 2005 6:28:53 PM

Post# of 279080
reaper.... that's a good question. A while back there was a case of a guy who had bought ALL the reported float of a company only to find the company had been shorted and had massive dilution. I never saw the outcome of that but may have the article somewhere in my archives.
I see some flaws in that myself, but like I said, if the audit came back saying the transfer agent said there were 100 shares out there, and the brokers say there are 200. I would cover my ass by making sure I still had the majority %.
They conterfeit money, I imagine stocks can be counterfieted as well and how would you prove one stock with the same number on it as another is the right one.
Aloha---kids want to go back to the beach again.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.