Replies to post #151589 on Bancorp International Group Inc (fka BCIT)

[Iluvbbs]

First of all, there is no law against naked short selling. It is a procedural violation, if committed by a registered entity of an SRO. (Reg SHO applies in that case.) However, if you operate an entity that is exempt from registration, and your transactions meet certain requirements, then there is no prohibition against naked short selling.

"Longs" can drive up the price per share of a company at any time. What do you think a hostile takeover does? What do you think the Volkswagen-Porsche short squeeze was all about? If you have the capital and you're convinced that the market price of a company's stock is deeply discounted relative to its intrinsic value, there is nothing to stop you from taking that company private.

As for my own financial activities? I am driven to find discrepancies between a security's market value and its intrinsic value. Isn't the whole point of investing to increase one's "personal" financial gain? Surely you don't buy stocks with the intent to be charitable, do you?

Using your own words above: What gives you the RIGHT to just commit Procedural violations AT WILL and NEVER expect to have to answer to anyone about those same violations???

Because we as a society "entrust" our officials with badges and guns, with the "power" to detain civilians at will for up to 72 hours......are you saying that because some entity has the "power" to do so, they should then make it their personal mission to constantly ride the edge of the envelope's "violations" to see if they will win or lose a game of "catch me IF you can"??

Your position and justification for your position, IS exactly WHY the "markets" and society as a whole are in the mess that they are in today. The system is BROKEN IF for no other reason than those same people who originally created the system NEVER envisioned that there would be the "level of ABUSE of entrusted POWER" that there is today.

Last post as I have other things to be doing today instead of sitting here in front of the computer doing this.

Good luck to you.

Steve