Replies to post #5435 on Netco Investments, Inc (fka NCVT)

[Zamiman1]

i don't think so

didn't you ask Taylor where those "368 million common shares" that were retired came from, and he said they had been newly issued a few days prior to their conversion to Prefered. So, in essence, it wasn't an attack on shorty, just a huge bloc of prefereds being issued to "insiders."

part of me fears that that huge bloc was the preparation to naked short the hell out of this during all the IPXes pumping and then use those prefered shares to cover in a year or two when they convert back to common (at what terms, I wonder?) and the stock has been long since dead. would that be feasible?