The chinese government have a unique method of countering bear raids. They have the head of government associated to the enterprise buy up all available shares as the raid is completed forcing the share price back up due to shares being unavailable for shorting, then cancel those shares. The loan is paid back and if the company is listed on the US exchange the loan is qualified in the 10K(see CXTI). I've seen this happen when chinese companies use pipes even though it is completely illegal to cover short sales with a pipe in American markets as well as the action by the chinese government previously described.
Perhaps this is what the 'other things mentioned as being investigated by the SEC is all about. Especially since this years shorting started with the initiation of the current pipe requests to numerous financing companies and there were not enough shares financed to cover their short positions. Please note we have now been on the SHO list 13 days and enforcement is now required by law. Also note that we entered the SHO list shortly after financing was completed.
My ilk? Bear raids? Are the bears also responsible for the LOIs going nowhere? Flat revenues? Generous executive compensation (for doing nothing) while the company hobbles along?
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