No offense, I want to stop shorting as much as the next guy but unless I was a long term investor in a STABLE company, if such a term can be applied to the OTC.....there is no way I would feel comfortable having that long of a lag time to be able to sell.
Thank you for posting. I am considering highly the certificate route here. After reading your previous posts, I didn't have a clue what you were talking about. Still I watch another board full of naked short selling as well. A member left a link to an hour long presentation explaining everything you briefly mentioned in great detail. It made things sound even worse than I thought it could be based on your advice. The video/slides said naked short selling was about 37% of the market, and supported its claims.
I think SKGO is a long term kind of stock, do you agree? I like being able to click a button and sell if the price went to pennyland potentially quickly, but I don't like the idea that I might not actually have any of the shares I paid for. But if I pull the certificate and then deposit it myself, then I technically wouldn't have to worry about the failed to transfer type iou of the stock would I? If I do the certificate and then redeposit it, then I can't be at risk for naked short selling right?
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