sono you would need to show me that quote. My conversation with Tim Huff about foriegn exchanges was that they were used for naked shorting. He responded that that the German exchange was good for GlobeTel because it gave potential customers an opportunity to own shares in a company operating in their country.
Most of the time these exchanges have a few thousand shares transacted dailey an easy inventory to acquire. Although they are not above naked shorting, IMO.
"GlobeTel began trading last week on the Berlin Stock Exchange (GTEL.be). It is important to understand that the price on this German exchange is quoted in Euros not U.S. Dollars. On Monday in the U.S., GTEL closed at US$0.161. In Germany, GTEL closed at 0.14 Euros or US$0.174. Each share purchased in Germany has to be bought in the U.S. market. Naked shorting stock is illegal in Germany so brokers have to hold a share to trade a share. This requirement will cause available shares or float in the U.S. market to be decreased as shares are put into German "inventory"." http://www.investorshub.com/boards/read_msg.asp?Message_id=2502837&txt2find=german
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