Not that I agree or disagree with your opinion of rawnoc's position relative to this stock, but I repeatedly hear negative posters attacked as shorts on PS stocks.
It is my understanding that a U.S. citizen may not open a brokerage account in Canada. It is also my understanding that a U.S. brokerage firm will not allow the short sale of any stock with a price lower than $5.00.
Please let me know how you think that rawnoc was able to short this stock. Do you think that he opened an offshore account in the Caymen Islands or something like that? Is that unlawful for a U.S. citizen? I thought those accounts were used by corporations for naked shorting. I hold stock in another company that is suing several U.S. Brokers for being involved with these organizations. With all the suits that are being filed by Wes Christian et al involve companies that were pumped way over $5.00 and then naked shorted by these groups. I have never heard of an organized naked short for a stock was averages $2.00 a share. Keep in mind that the $2.00 was .02 a few months ago.
Please let me know how he managed to be short because I can't figure it out.
The only moron on this board is you. Take a look in the mirror buddy. Veltex has issued audits before that are just numbers on a piece of paper. We still don't know if we own 100% of Veltex mills in Bangladesh, do we now bozo. You are just a pumping clown and unless you have facts or experience with this company to contribute you should go back under the rock you crawled out from.
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