You might be right...but it didn't work last time....besides, BCIT is not a reporting company atm, and with only 80 shareholders on the books and less than $10M in revs, is not required to be. BCIT was reporting because they chose to be. Thousands of other companies are non-reporting and trade freely...so what is the problem?...not that IMO. Why don't y'all quit dancing around the real reason we are not trading...to many air-shares that cannot be reconciled. Even JS agrees with that:
Posted by: janice shell Date: Wednesday, June 20, 2007 6:20:42 PM
In reply to: mastaflash who wrote msg# 150497 Post # of 159208
BCIT and GVRP were indeed shorted naked, but they aren't typical examples. And they're the only two I know of.
Still waiting to see any of these little whining companies actually prove a naked short position. Been waiting for a long time.
100Ms of air shares sold by MMs and brokers into the run because they were no REAL shares to sell. They are bagholders in a way, because unless BCIT goes TU, they cannot erase the liability those short positions represent. They may yet get away with it...but around here, hope springs eternal... I'll thank you to not try to plug it...
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