Post by
bjmoore on Dec 07, 2023 6:17am
The Math of Naked Shorting
How this works: The naked shorter has illegally sold 3M shares at $.075. So he has $225,000 in his illegal brokerage account. BUT if he is force to cover it costs him $1.25 million to buy back those shares.........so net........he loses $1m. What is he betting on? The stock collapses to $.05 and he buys back our frightened shareholders shares for a net $.025 profit, i.e. he makes $.025 x 3M = $75,000. Not bad............since he hasn't had to put up a dime (yet) and it works for most beaten down TSX-V companies. But he hasn't looked at our web-site. GOOD LUCK TO HIM!! I'll keep buying more. A no brainer. Once the 400,000 shares are gone, which are stupidly offered at $.085.........there are no more cheap shares to buy. HE IS TRAPPED. My advice........those sell orders at $.085 are fools...........pull those sell orders and he is a dead duck. PANIC is about to set in. Eric Sprott and others believe naked shorting is a multi-trillion dollar scam business. Computers are cheap to program and run.
Comment by
pfaffgau on Dec 10, 2023 10:31am
I approve of this short squeeze campaign and will buy more VCT this week. This practice has destroyed the small stocks on the TSX-V Exchange. The Exchange happily collects its fees, but lets these companies suffer greatly by illegal shorting. TYPICAL!!