Great Post vikingzskill! That is exactly what I would do if I was a CEO of a penny stock. Fighting manipulation takes resources out of a company, where many companies don't have the resources or time to fight back. But many must use these tactics to fight the legal short selling and the illegal naked short selling. Illegal I say because doesn't naked short selling create phantom shares that dilute the stock? Isn't that like making counterfeit shares? Last time I checked counterfeiting "anything of value" and to pass them off as real is Illegal in this country.
counterfeit |'kount?r?fit| adjective made in exact imitation of something valuable or important with the intention to deceive or defraud
I suggested through email these tactics to HESG.
Forward Split
Offer Dividend...Short interest must cover the dividend when trading the stock.
Buy Back/Retirement of A/S... Some call this Short Seller Capture Capital. Done with Strategic Timing it can really mess up a short sellers day. Which I believes was the tactic TG tried to use... which Scottraid did not like too much.
Merger or Ticker Change would also force share to be accounted for or fail to produce or deliver for the Broker or Market Maker.
All of tactics these I would take resources from company, and many just do not have the resources to spare to fight this. But thanks to your post it looks like the market and investors are becoming more aware.
You should read whats going on on the NITE board...just unbelievable!
Read what NITE did to this investor had 78 companys had a total market value of over $ 186,000... not anymore.
I'll invite abe574 to post his story here.
Because if I was abe574, I would feel like was in a living NITEMARE.