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gwikley

09/16/06 12:46 PM

#76069 RE: Grande25 #76040

IMO:IMO: Your concerns have been expressed here before. And it is cool to express them again. However,(IMO), at this point there is VERY little one can do, other than dwell on the worry. Some here, (though I am not sure of how many), have gone to the extent of "certifying" their shares. If you are so inclined, your broker can do that for you for a fee. There are a few downsides to doing so. But they're no biggee.

My take on the supposid "naked shorting" is that the company, and those "at the helm", have ALWAYS known that this was a possiblity and have repeatidly posted this in their (now ancient) PR's. I dont know what their "plan" is, but I'm sure it's in place.

The "company" has been consistant in doing what it says it is going to do. One COULD assume that this supossid "situation" has ALSO been planned for.....to the BENEFIT of the shareholder and themselves.

If the movement on this stock generates a "call" on the SUPPOSID nakedshort shares.....and there are massive FTD's...it would be ugly. The SEC would respond to the investor complaints, (which would be massive), the firms would be presented with an SEC demand to cover, and failing to produce, the "trading" on the stock is suspended and the whole thing goes to litigation. ........NOT going to happen.

Why? Faith. (LOL)
Worry about which Fall vacation package you are going to take instead! LOL

GLTY
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eelfland

09/16/06 1:02 PM

#76082 RE: Grande25 #76040

The brokerages are responsible for that. If a customer has a short position that goes against him, the brokerage will issue a margin call, and if the call is not met, they will close the position, presumably before the brokerage goes broke. Our money is backed by the U.S. government in the form of SIPC insurance.