Replies to post #110879 on Bancorp International Group Inc (fka BCIT)

[janice shell]

and his explanation was more geared toward trying to explain "short-selling" V naked short-selling

As it should have been.

pay attention to his use of the term "should not be hard to locate"...

LOLOL!! What difference does it make whether your borrow is "hard" or "easy" to locate?

[RedneckInvestor]

Don't forgt the phrase "technically illegal"...

I have a hard time recalling anyone, anywhere start off so many sentences with "Umm...", and add 5-10 more in each one. Sometimes back to back, or three in a row.

UNREAL.

[Dspetry]

CNBC - Naked short selling is already illegal, right?

COX - No, its very important to point out that NSS is not illegal, and in fact, it is possible in some securities for there to be an indefinate failure to deliver... its been a problem in a variety of circumstances... We particularly are concerned about those circumstances in which NSS permits essentially the manufacture of non existant shares...

So there can be <not in these large issues, but in thinly traded issues> there can be trades in far more shares than exist in the company outstanding <CNBC interupts & says float>


WHAT????????

Talking out both sides of his mouth?

It's not illegal to naked short more shares than a compnay has outstanding, but it is a concern & problem?!?