Derbyblood! I'm pleased to meet you. I stepped through this entire board, post by post, during the preparation of my SEC complaints. You were the person who said, the day after the Nasdaq event, that you thought insiders were shorting. It took me weeks to come around to the view that you were right. I asked SEC to look into it closely. Well-planned pump-and-dumps usually do work both the long and short side. Rooney knows how his stock behaves, skyrocketing every few years on "good news" (aka a "pump") and then declining slowly over the course of months! We know that Rooney is smart enough, any idiot is smart enough, to figure out that the short side would be where the big money is in a p&d.
But if this is true, it would mean that the officers of Positron went before cameras, the media and shareholders with the purpose of crashing their own stock, and later filed a transcript with the SEC. I believe they acted this brazenly, believing it would provide them a perfect cover. I asked SEC to look into this possibility.
Pump-and-dumps are usually conducted by 3rd parties, unassociated with the company, and companies will often issue warnings to investors when the stock is behaving strangely. What makes the POSC fiasco unique is that he CEO was front-and-center throughout the events, his words and actions precipitated both the rapid rise and the slow collapse of PPS, and no warning was ever issued to investors.
Months of waiting for Rooney to announce the "partner", insisting that COV had him muzzled--a claim later refuted by Coleman Lannum of COV IR!--caused PPS to languish. They Rooney brought in Ribotsky, who's speciality is trashing penny-stock PPS.
Britain would be a good site for a clandestine shorting operation. Much unusual behavior has been observed on Collins-Stewart, a British-based MM. We know that "bear raids" are common in Britain, because their shorting regulations are more lax than ours. So a lot of shorting on Collins-Stewart wouldn't arouse the suspicions of regulators. However, POSC isn't publicly traded in Britain, so it would need to be someone inside Collins-Stewart.
There's also the Sier Long/Short Value Asset fund in Texas, marketed by John Rooney.
There's probably many other ways they could have set up a clandestine shorting operation, somewhere.
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