NC
I think pulling certs is a waste of time to combat naked shorting. Naked shorting consists of printing more shares than exsists. It doesn't matter if you have your certs or not. Kinda like locking your door at home. If the crooks want to break in and rob you they will. Now I do believe it can help combat shorting....but honestly I believe the company can combat shorting best by being a solid company....which most of us believe PBLS to be....we hope.
For what's it's worth I was invested in Novastar Financial (NFI) awhile back while there were being sold naked short...it was horrible. NFI was giving away a 15-21% dividend to combat this problem. It didn't work because the hedge fund involved simply bought puts as a means of "hedgeing".
My honest opinion...since you didnt' ask! :) Shorting and options should both be illegal...why? Well go back and look to the root of what the stock market is....it's not a casino. It is a means of investing in companies that you "believe in". A way to leverage the money of a country to fund future business development. It's not about computerized trading, which I have done. It's about "investing" in tommorrow and the better good of the world.....yeah I said that. When you invest in a company it should be because you believe in what the company can do, and because you believe they can provide a return on your money. Kinda like PBLS. It rocks that this company is on the forefront of rebuilding one of our great cities...it also rocks that we could be very well rewarded for investing in them...so I hope.
well that's my thought. I don't believe PBLS is being naked shorted. If you can provide a sound argument for the contrary I would much appreciate it.
Cheers
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