Brokers lose license and go to jail, stockholders get indicted.
Can't short this stock and Perlowin doesn't have the balls to admit his stock game has blown up because he HASN'T MADE CRITICAL MASS with this piece of shit operation.
That's what this really is money have a NO CONFIDENCE VOTE.
Meanwhile the rest of us are planted and God willing looking a a profitable harvest.
Looks like an accurate description of naked shorting.
My use of scare quotes around the word naked didn't mean that I was saying that naked shorting was going on, and perhaps it was the wrong word to use.
Naked shorting is when someone sells a stock short when they haven't determined if the shares can be borrowed (and the trade settled,) but this case is different, because the converting noteholder KNOWS that the company is obligated under the note contract to deliver the shares upon demand.
If there is note conversion of HEMP debt going on right now, the noteholder is selling shares he/she is owed, but not yet received, so it's not really a short sale.
But CEO Perlowin can spin it as one for his gullible Facebook worshipers.
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