Replies to post #82045 on Pacific Gold Corp fka PCFG

[maverick333]

bluedog.. simply put they are selling shares they don't own and in a lot of cases never intend to claim ownership and deliver them to you.. New movie released called "the wall street conspiracy" that documents this entire process... Actual people with actual cases and my understanding the lawyer is the only one to win a case about this.... anyway.. google it, buy or watch it.. worth it's weight in gold for understanding what happens..

[DeeDog]

Good questions blue dog. The way I understand it they have to cover shorts within 3 days, same time you have before a sold stock is considered "settled".

In this case, they started shorting a long time ago and they have never done the final "cover", but instead they continue to renew the shorts, hoping to catch up one day. So this isn't necessarily new shorts, it could be in part, old shorts that keep getting renewed and carried forward every 3 days...or whatever it is.

Dee