Replies to post #265741 on Digital Brand Media and Marketing Group Inc (DBMM)

[Fai 2]

Lmaooooo here is an article on one way to Naked short. This is easy to read/understand.

https://www.google.com/amp/s/www.natlawreview.com/article/sec-brings-naked-short-selling-case%3famp

SEC Brings “Naked Short Selling” Case

Naked short selling” is often claimed by struggling public companies to be the source of their woes. But there have been relatively few cases addressing naked short selling. Recently, however, on May 19, 2021, the SEC charged a broker-dealer (“BD”) with violating the order-making and locate provisions of Regulation SHO.[1] Regulation SHO regulates short sales of securities and, broadly speaking, is aimed at minimizing naked short selling, failures to deliver, and other practices.

[noradio]

Yea that Kramer he made his millions acquiring worthless shares...

[noradio]

"Under a “death spiral” scenario, the holder of the convertible debt might short the issuer's common stock at which time the debt holder converts some of the convertible debt to common shares with which he then covers the debt holder's short position"

https://en.wikipedia.org/wiki/Death_spiral_financing

[StayHumble]

"Instead, all that ever happened was slaps on the wrists and fines."

Kramer has done this more than ONCE? Oh my goodness.
Real developments here.

How do You know what Kramer knew and his reasons for doing it? Seems like a far stretch.

"He knew that getting caught selling unregistered shares would really only have a worst case result of disgorgement of the money he made selling the unregistered shares.Naked shorting, besides being impossible"

....I guess Miracles Do Happen..

"to actually do without the involvement of others (brokers, gov't agencies) willing to break the law"-
you mean like the Companies Kramer worked with to commit the illegal Selling of Unregistered shares? or the disseminating of Misinformation to the Public? "...was not needed for a death spiral!"

"There was never any reason to take the risk!"-

Exactly, Kramer could've just been a regular Trader and worked a 9-5 job to get by in life. Instead Kramer Decided with the involvement of Others, to sell unregistered Shares.

"There is no rainbow, and certainly no pot of gold at the end of it here..."

It really depends who is asked. Asking Kramer Definitely Not.
Asking a $DBMM Shareholder......We're about to be Vindicated.

[LoveNevaHate]

So you agree that naked shorts are possible. Thanks for the clarification!!!
DBOOOOOM