I'll try to post now, seeing as I only have 3 post a day, I'll try to make it to the point from what I can see. If I may and not get by brains bashed out of my head or anything....
If a company has "restricted" shares in a clearing house, it can and "most likely" will be used to short a stock. They do this as those shares are restricted and they will "loan" those shares out to be shorted. NSS is a whole different ball game as they just sell you shares without having them.
I know that there is a clearing house that has around 30 million shares of "restricted" stock in LFBG. This clearing house has a track record of being shady as they have been fined very recently over their activities. Are those shares being used to short LFBG?? Has anyone been NSS LFBG?? Or is this just a simple case of flipping, some shorting, or double shorting (where they short, cover, and short again all in the same day)????? I don't know and until FINRA finds out or even looks into it, we may never know to the extent of this issue.
Now, the A/S was increased to 1.2 billion from 400 million. Had anyone taken the time to ask why, then those answers would have been displayed and it made sense. With the float as small as it is, with the company stating that they had no plans to dilute, then there is a problem and it will be found out no matter what. Good or bad.
If you believe in this company and can see "progress" meaning that even if they post a loss on the books, I'm positive that it will be ALOT less from what the company has had in the previous years. The company obviously has financing from investor's and most of those restricted shares are from VERY BIG people in the Christian community that obviously believes that this company can and will succeed.
Last but not least, it is simply pointless for certain people on the board, to repeat themselves over and over and over and over and over the same mess that most people already know. Especially when no positions have been made in the company stock and obvious alternative motives. My advice would be since some HATE this company and HATE what this company is trying to do and HATE this company for what it stands for and HATE what this company's financials look like and HATE pretty much everything about it......... It's simple, just move along!! Those folks will be missed but I'm sure we all can manage.. I hope the best for EVERYONE on this board I truelly do. That's all I have to say and I shall go back under my rock and keep reading the same old mess.......... GLTUA.
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