InvestorsHub Logo
Followers 17
Posts 1128
Boards Moderated 0
Alias Born 09/08/2010

Re: PennyWorld post# 19866

Monday, 02/10/2014 8:19:37 PM

Monday, February 10, 2014 8:19:37 PM

Post# of 36804
Penny, while I wouldn't have used your words "dark Devil", to describe you, that does have a certain ring to it. All I know is that anybody professing with absolute certainty that there are no NSS in a pink sheet stock which we know was heavily naked shorted in the early 2000s is either naive or a front man for the naked shorts. There was one company that I recall where one guy bought up all the shares in the float and the stock was still trading hundreds of millions of air shares. So there's little doubt in my mind that not all of those situations were corrected with Reg Sho, which openly grandfathered many naked short positions so that some major financial institutions didn't go under by being forced to cover.

You will notice that rational thinking people like End2war and Chrisbooth and myself, use the word "suspect" or "suspected" when we talk about naked shorts, because we don't actually have the DTC numbers from the mid-2000s in front of us. Neither do you of course, but you are absolutely CERTAIN. I do recall a conversation with the Cetek transfer agent from a number of years ago, and he told me that Cetek had some of the wildest trading and FTD action he had ever seen. Plus, as I watch the .0001 trade after every buy day after day after day, it's pretty obvious there's an agenda here.

When I couple that with your general disinterest in the stock and critical of people who do some DD to support a positive position, it doesn't quite pass the smell test. Just don't expect a free pass anymore on your negative diatribe.

As far as what makes the stock take off, I've never said it would be the naked shorts. I've argued for years that with what we do know about the company, a fair valuation would be significantly higher. Right now it looks like the suspected naked short positions are holding it back. But if they're here in quantity, then they will certainly add fuel to the fire someday.