OTCPK:GNOLF - Post by User
Comment by
libra11on Sep 12, 2017 1:43pm
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Post# 26685779
RE:RE:RE:Why no action
RE:RE:RE:Why no actionNormal Shorties=they borrow shares which they sell.
Naked Shorties=they use a loophole and sell shares which in reality do not exist.This is allowed for a 3 day delivery time limit.But if you construct a ring of naked short sellers this 3 day time limit for non existing short sold shares can be expanded,theoreticaly for a very long time.The hot potatoesof the delivery duties(=non existing shorted shares) are handed from one naked shorty to the other and so on and so on.