Replies to post #161303 on Plastic2Oil Inc (PTOI)

[Toxic Avenger]

Given that they have never had to cover any stock and dozens, if not hundreds of pinkies claim to be naked shorted at any given time:
a) virtually every share owned in JBI would be counterfeit and tracing the origin would be impossible.
b) NSS would likely continue unabated forever, with a constantly declining price
c) If exposed, those committing the crime would like shut down and flee with their hundreds of millions in ill-gotten gains, rather than "buy in".

More reasons the NSS fairy tale is just that.

[daytrader1988]

best scenario for a short seller.

The short seller owes nada. Nil. Zip. Zero.

When you short sell you borrow the shares, sell them on the market, and then collect the proceeds as cash. If you wanted to get out of the position, you would have to buy back the same number of shares to repay the person (or brokerage) from whom you borrowed them. If you buy back the shares at a price lower than the price at which you originally sold them, you collect the difference - so short selling is a way to profit from a falling stock. But if the company is delisted and bankrupt, you don't have to pay back anyone because the shares are worthless.


Read more: http://www.investopedia.com/ask/answers/03/082803.asp#ixzz1kl8n24Q3

[wEaReLeGiOn]

Tut tut. Asserting there is a massive short position being clandestinely proffered by an underground mole organization, whose sole purpose is to bifurcate JBII and ravage it's shareholders by keeping this subversive free-energy company from attaining it's ultimate goal of fixing the world while simultaneously endowing shareholders with riches beyond imagination, is far too deeply entrenched undercover to expose, beyond tracking *trading stats*.


If they are so deep in a hole on this that JBI success would cause bankruptcy, wouldn't that mean they would never have to cover?

What are the recourses for investors if this were to occur?