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serfdom

07/19/06 12:05 AM

#5443 RE: Joe Monster #5440

Joe, the "value" of those shares is not monetary - the value is merely the fact that they are legitimate cover shares. Even if PAIV is at .0001 next year, they just hand over the shares and the position is covered.

I do think this is not completely legal in the US - essentially it's a naked short for the first year. Really do be careful about your public posts and such.

You will pay the broker a handsome fee for this service - I'm sure of that. Possibly three or four zeros after the first digit. But if you're sitting on hundreds of K worth of stock, it's worth a look IMO.

This is all info I have learned from others - do not trust my advice! I could be completely wrong.


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emulwa

07/19/06 12:24 AM

#5445 RE: Joe Monster #5440

Bad advice buddy. First of all, the maximum percentage one can make from shorting any stock is 100%. Maximun percentage for going long is infiniti. Just look at paiv 1500% in three weeks.
Second, If you sell restricted shares to a third party and those shares end up in the U.S. market before they vest, both you and the third party could be liable according to some stringent SEC rules. Of course since the SEC won't be able to locate the third party because of jurisdiction issues, then you could be liable for all the fines on your own. Do not mess with the Securities Exchange Commission (SEC). They made these rules for a reason. If you invest in any stock using proceed from the sale of restricted share certificate, then you need to make sure you have lots of $$$ to pay for possible fines. Ask Martha Stewart what it feels like to interfere with market forces (even with her millions)

I have taken several business law classes and I believe my opinion on this issue is close to accurate.