Replies to post #50742 on RCC Holdings Corp fka RCCH

[lucky, mydog]

Are you saying that naked short selling is a complete myth and it doesn't happen?


no. it's just not happening with this scam.

[frogdreaming]

There is an inherent fault in your assumptions.

I also disagree with your statement that it is only the company that can make money selling at .0001

That is patently false...by the preponderance of evidence, examples, litigation by the SEC, regulations addressing short selling, etc.

There is no evidence, there are no examples, there is no litigation, there are no regulations addressing short selling, etc, that in any way counter the fact that money cannot be made by shorting shares at .0001.

The entire basis of shorting (naked or otherwise) is that the profit made from shorting shares is derived from the difference between the sale price and the cover price. In the reverse of the standard mantra 'buy low, sell high' shorters sell high and then buy low. There must be a spread of some kind in order to make a profit.

Selling shares short at .0001 is a non-starter. Even if the shorter gets to cover at .0001 there is NO PROFIT.

While some argue that if a company is driven to bankruptcy by the short selling, then there is never any need to cover, that argument fails . Unless a company was 'ripe' for bankruptcy, the shorters would not be stupid enough to take such a risk.