Yesterday I posted that Knight Capital are by far the biggest broker of our shares but to be fair they are the biggest broker in many shares , they market make in shares and ETF`s and provide a huge amount of liquidity.
But as we all know any and every share pop in NWBO has been smashed down without exception with liquidity that doesn't add up.
Of course Woodford buying was not a pop, it was concerted over time and simply exhausted the sellers till, that is, Phase V the self proclaimed short sellers released a spurious report and in came the shorts .
Some will remember that on two occasions Feuerstein literally told us on the other board the night before we were going to get hit and he was spot on .
It would take the kind of volumes that Knight trade of our stock to have this persistent negative impact and I believe Les kind of knows who has the majority of the stock therefore its reasonable to assume we are the short sellers dream come true for the past 2 years in huge sums
This article published in Dec 2016 says it all ...
google : theintercept.com/2016/12/15/whistleblower-vindicated-massive-trading-firm-knight-capital-charged-with-abusing-naked-shorts
But why haven`t NWBO done anything about it because the process to establish if the sales that Knight have executed are naked or not is so simple its possibly a 24 hour process if not 48 at most .
1. NWBO should write to the Knight compliance department via a recorded delivery letter and alert them that NWBO suspect there are huge naked shorts in their stock and politely request in immediate audit of the sales of NWBO stock that have been transacted by Knight . In the politest possible fashion Linda must say that any refusal to comply with this reasonable request will mean her involving the SEC & FINMA and this becoming a very public affair
In practice the compliance department should actually thank NWBO for alerting them to a possible regulatory breach within Knight however if they refuse to investigate then Linda really has to act.
2. If Knight compliance do agree to investigate they simply pull the list of trades and ask the desk to show the long positions those sales are against . The desk will say the client has longs in another portfolio held somewhere else and compliance will have to insist that the client produces proof within I`d say 48 hours max .
3.If there is no proof forthcoming Knight would be bound to buy back those shorts at the earliest possible opportunity .
IF LINDA HASNT ALREADY DONE ALL OF THE ABOVE A YEAR AGO ID BE STAGGERED BUT WHO KNOWS ...
BSB, you are correct, and it should be stopped. Call your elected representatives. Call the representatives of Maryland. I'm sure they'd love that a possible cure for cancer was coming out of Bethesda. Don't forget to mention all of the players here working for NITE.
Been there, done that as an OTC insider with BMAK( was BMAS), Knight and Etrade (which had to sell off their Chicago trading branch because it was in such deep doo doo). They don't care. BMAS princples were kicked out by the SED but BMAK keeps on truckin'. Knight has also been sold, they just pass the buck to make both tracing shares and legal accountability difficult to prove.
The only solution is a change in government that will put the interests of the people before that of corporations. That will require an educated and involved electorate.