Replies to post #17262 on Energy One Corp (EGOC)

[sunspotter]

"54.9% shares shorted"

Not true.

A negligible number of EGOC shares have been shorted.

This distortion of Reg SHO figures is simply a deliberate lie by dishonest stock promoters to mislead the gullible:

http://www.otcmarkets.com/stock/EGOC/short-sales

The official SHO website and the recent action taken by the NSCC against EGOC shows why the FTDs shown on the SHO/FINRA website are not short sales:

Here's the link that shows the real cause of those FTDs:

http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/a7220.pdf

Other scam stocks similarly restricted include subject of current SEC investigation, SFIO and Magnum D'Or:

http://www.dtcc.com/downloads/legal/imp_notices/2011/nscc/a7238.pdf

http://www.sec.gov/litigation/litreleases/2011/lr21951.htm

More truth about short sales and EGOC, including an explanation from the official Reg SHO site itself:

There are many reasons for FTD. In the case of EGOC it will almost certainly be due to the onerous nature of the "trade-for-trade" designation imposed upon this stock for the very good reason that it's likely to be a complete scam (and of course, it is).

Just try shorting EGOC through any broker and see how you get on.

Here's what's actually happening:

"There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company's stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of naked short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company's poor financial situation rather than the reasons provided by the insiders or promoters."

" "fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as (1) delays in customers delivering their shares to a broker-dealer, (2) the inability to obtain borrowed shares in time for settlement, (3) issues related to the physical transfer of securities, or (4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Fails to deliver can result from both long and short sales."

http://regsho.com/faq/investorquestions.php

The misuse of FTD data to imply massive short selling when there is little or none is a common tactic of stock promoters, many of whom are employed by penny stock scam promotion outfit IAB, which is not so coincidentally owned and controlled by "former" EGOC executive Jean François Amyot.


http://online.barrons.com/article/SB121702597332186163.html?mod=googlenews_barrons