Geologix Explorations Inc GIXEF

Shorting miner stocks.

[Silverfreaky]

https://www.stockhouse.com/companies/bullboard/...-ltd?postid=24419350



Those are the 'official reported shorts' not the unofficial, unreported naked shorts that could be in the millions. Old as the hills now and Jim Willey has stated in writing that Canaccord is the conduit for naked shorting in Canada and never been challenged. Illegal Naked Short Selling Appears to Lie at the Heart of an Extensive Stock Manipulation Scheme Posted by Larry Smith on Jun 16, 2015 https://smithonstocks.com/...f-an-extensive-stock-manipulation-scheme/ The secrecy that surrounds the shorts,the prime brokers, the DTC and the regulatory agencies makes it impossible to accurately estimate how much money has been stolen from the investing public by these predators, but the total is measured in billions of dollars. The problem is also international in scope. Jim Willie today: july 5/12 see goldseek.com A parallel takes place, like with the Alpha Group for naked shorting Canadian mining stocks through their handy outlet Canaccord.) Who Profits from this Illicit Activity? The short answer is everyone who participates. Specifically: The shorts They win over ninety percent of the time. Their return on investment is enormous because they dont put any capital up when they sell short they get cash from the sale delivered to their account. As long as the stock price remains under their short sale price, it is all profit on no investment. The prime brokers The shorts need the prime brokers to aid in counterfeiting shares, which is the cornerstone of the fraud. Not only do the prime brokers get sales commissions and interest on margin accounts, they charge the shorts interest on borrowed shares. This can be as high as five percent per week. The prime brokers allegedly make eight to ten billion dollars a year from their short stock lend program. The prime brokers also actively short the victim companies, making large trading profits. The DTC Goldman Sachs e-mails show illegal naked short selling was bank's policy Submitted by cpowell on Wed, 2012-05-16 12:58. Section: Daily Dispatches https://www.gata.org/node/11374 Among the more compelling is the specter of executives from numerous companies admitting openly to engaging in naked short selling, a practice that, again, was often dismissed as mythical or unimportant. So how do you short a stock when you cant find shares to borrow? Well, one solution is, you don't even bother to borrow them. And then, when the trade is done, you don't bother to deliver them. You just do the trade anyway without physically locating the stock Naked short selling, in essence, is selling stock you do not have. If you dont have to actually locate and borrow stock before you short it, youre creating an artificial supply of stock shares.... ... In this case, that resulted in absurdities like the following disclosure in this document, in which a Goldman executive admits in a 2006 email More damning is an email from a Goldman, Sachs hedge fund client, who remarked that when wanting to "short an impossible name and fully expecting not to receive it" he would then be "shocked to learn that [Goldman's representative] could get it for us."
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