Replies to post #988 on Nephros Inc (NEPH)

[mikeyk]

You don't have to do anything smokey, most of the manipulation occurred most likely after Southpaw sold off their shares, the problem comes with people who purchased the naked shorted shares from the people who sold the fake non-existent shares and the brokers who participated in the sale of these non-existent shares. There could be tons of people out there thinking they own real shares, but there are ZERO stock certificates to back them up, and that creates a massive problem when it comes to proxy voting, and would also create a massive problem with the rights offering. This mess would need to be straightened out before either of those 2 things could happen. The SEC would have to find out who sold the fake shares and charge back the money they made on selling these shares, this money in turn would have to be given back to the purchasers of the fake shares because no one can create REAL share to replace the fake ones. Like everything in the stock market, even naked shorting is a gamble and can back fire on the perpetrators (naked shorters) and now they will be forced to pay back the money they made by selling these fake shares. Someone out there is holding the bag, and its going to cost them a bundle.