Atlas Pearls Ord Shs T.ATP

Primary Symbol: APCFF

Atlas Pearls Limited is an Australia-based pearling business company. The Company is a producer of South Sea pearls, specializing in white and silver pearls. The Company operates approximately seven pearl farms throughout the Indonesian archipelago, from the national park lands of Banyu Biru to Flores, and as far east as West Papua. The Company is a fully integrated business including hatchery, seeding, harvesting, grading, trading, design and manufacturing capabilities to sell directly to customers through wholesale partners and via its retail outlets. The Company provides a range of products, such as DOUBLE PEARL BRACELET, CAGE PENDANT, KESHI STUDS, VINE RING, SIMPLE SHEPHERD HOOK EARRINGS, TOP HAT PENDANT, SICKLE PEARL RING, NEOPRENE PEARL BRACELET, FLAT BUTTON STUDS, BUBBLED RING, NEOPRENE PEARL BRACELET, FIXED PENDANT, FILAGREE CUP STUD, FLOWER FILAGREE PENDANT, PAVED DIAMOND PENDANT, OPEN PETAL RING, SIMPLE SHEPHERD HOOK EARRINGS and CAGE PENDANT.

OTCPK:APCFF - Post by User

Atlas Pearls Ord Shs

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Comment by Conquistador1on Apr 28, 2013 11:47am

322 Views

Post# 21311277

RE: RE: RE: RE: Talking of shorting...

darb: In Canada, the uptick rule for shorting was just changed in October of 2012. I don't need to update my rules because it is still illegal to knowingly place an undeclared short trade. You should direct your concerns to the regulators in Canada, if you have proof that this is happening.

I agree with goldsternp, that the undeclared shorts make a tiny fraction of the shorting activity for ATP.

I don't own, nor am I short the ATP common. I do have a position in one class of prefs and one of the debentures (not convertible). Both of these positions are underweight in my portfolio, and I consider them to be speculative. Again, I agree with goldstern that management/mismanagement of ATP are the main reason that the stock price has been pummelled.

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