Let’s be honest about what’s really going on here.
SSC’s call to report me to the SEC isn’t about “protecting shareholders.” It’s about protecting his short position. Period.
Why? Because if the SEC were to somehow pursue a stock certificate revocation, it would force all short positions to close—but at a price dictated by short sellers while the stock is still pinned to expert market status. That’s the exit strategy SSC wants.
But here’s the problem:
The revocation case was already dismissed.
Reopening it would require significant new cause, which doesn’t exist.
And most importantly, the SEC’s role is to protect investors, not reward predatory manipulation by encouraging revocation at manipulated prices.
Let’s also not ignore the self-serving nature of his message. If he truly believed the company was worthless, he wouldn’t be actively encouraging a regulatory outcome that benefits only short sellers and harms long shareholders. That contradiction says it all.
Meanwhile, I’ve made it clear to the SEC: the real concern is ongoing disinformation by parties with hidden financial motives, trying to spark regulatory actions that harm retail investors.
The days of hiding behind faux concern are numbered.
—Krombacher
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