Replies to post #11899 on NewStream Energy Technologies Group Inc (NSGP)

[joeboo1]

One question I have is if Doug was aware of the naked shorts why wouldn't the PR's be held off until delivery of those shares were due? If someone was manipulating the stock of a company I ran I would crack them in the chops every chance I got.

Perhaps they are the necessary evil and you dont want to rattle the cage too much. Look what happened with overstock.com. Anyone that wants any info on market manipulation should check out deepcapture.com a site founded by Patrick Byrnes CEO of Overstock.com

[Dolphins88]

Edurk: You are not correct - naked short selling is illegal...

But seldom if ever I have I seen the SEC do anything about it. They've even had congressional hearings on it, but the MM's just make a ton of money doing it, and they are a very powerful lobby.
I remember the CEO of Overstock almost having a nervous breakdown over it. I've seen companies try to corner the naked shorts into a massive cover by calling back in 100% of their Certs, and then issueing back out new ones(Maybe use a 10% stock Divdend payout as legal cover to bring the certs back in) - the theory being when the firms find out the shares don't exist they have to go into the market to buy them, and Ka-Boom a major short squeeze occurs...Again in theory that sounds incredible, but for some reason it doesn't seem to work well either. I'm not convinced that this is naked short selling - everytime I here a Micro-Cap stock cry about that it scares me, because they usually end up being the seller. I do NOT believe CCTC is selling shares, but when I see that Hunt unloaded 700K shares it does raise my attention. If I was talking to Doug I would highly encourage him to target this seller - call or meet with them, and again sell them on his future dreams of this company, and if that fails then try to work out some deal to cross the sellers shares with some large buyers until we get him cleaned out. This is the time for a CEO to be VERY proactive.