Replies to post #13025 on Geobio Energy (fka GBOE)

[the black mask]

Seems the ceo of global links wrote a book on naked shorting which got published this year

http://www.prlog.org/10739099-naked-short-selling-wall-streets-ugly-mess-by-frank-dobrucki.html

In February of 2005, author Frank J. Dobrucki’s company, Global Links Corp. (GLCO.PK), was hit extremely hard with Naked Short Selling, the illegal practice whereby brokers sell shares they do not have.

In a single month, more than 20,800% of the total issued and authorized shares in the company were sold on public markets. In many cases, shares totaling more than 100% of the entire company were sold in a single transaction.

While the government was clearly aware this had happened, no agency responded, no investigation was conducted, and the problem was buried. After all, acknowledging it was possible for this kind of out-of-control trading to occur would open the floodgates to prove this could be happening to dozens, or more, of other companies.

[TradingSW]

I'm all for filing a class action lawsuit for the naked shorting, and yea all those that want to argue that it's not naked short selling it's a "mistake" (if you sell shares into the open market that do not exist then it is naked short selling, period) if the brokers that created this situation do not cover the short position.
Anyone that believes that I would let this slide is sadly mistaken. The company should also be involved in demanding the covering take place. From an investors point of view if the company colluded with the broker after the fact to sweep this under the rug for a lil' payola then the company is toast and the officers of the company are liable. Fraud is fraud whether it's NASDAQ, NYSE, OTC, COMEX, etc.
I'm fed up with the posters on this board that have no skin in the game insisting we share holders are SOL. As a group we will get our due be it via SEC requirements or the legal system.