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alien42

02/23/12 8:44 PM

#195384 RE: OldBen #195383

FFGO has been pounded from the $4 mark all the way down to the cellar boxed .0001 When 9 out of 10 sales are sellers overwhelming buyers then the price can only go down.

all of that is correct except the 'cellar boxing' part. scams with no value always reflect that fact in the end.
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OldBen

02/23/12 8:46 PM

#195385 RE: OldBen #195383

If short volume is not short volume then the price of FFGO should have went up. Buyers overwhelm sellers. Instead we have sellers overwhelm buyers and we are told there are no buyers and that the market makers are doing us a favor by borrowing shares for us to buy now while the market maker finds a buyer days later.
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SevenTenEleven

02/23/12 9:07 PM

#195394 RE: OldBen #195383

OldBen, from $4 down to cellar boxed, each and every shareholder of record on the date of each and every reverse split can be accounted for.

Naked short positions, existing as "book entries" with the brokers, would have been reversed just like every other legal share and short. The problem with that is they would have been reverse splitting an illegal position.

So not only did they illegally sell and manipulate the PPS from $4 down to no bid, they also illegally reverse split shares that had no right being in the system.

Those ill-gotten gains should be seized, forfeited, and distributed to shareholders of record.

Those truly "scammed" deserve to be compensated for being the victims of a crime. How could anyone disagree with shareholders being made whole, or close to it.