OTCQX:BGMZF - Post by User
Comment by
bluestaron Jan 14, 2015 11:50pm
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Post# 23321444
RE:Here is an excellent post - SHORTING stocks - illegal
RE:Here is an excellent post - SHORTING stocks - illegalWangotango67 wrote: I so agree with this post.... It's from another board.... And I think calico has something.... It really makes sense to what he is saying... About stocks under $2.00. We need more people like calico - to make a difference and demand a change. Something has to be done - so stocks can once again rise to their rightful place. Otherwise it's just an endless battle for good shareholders who really care.
Naked shorting
The problem can be summed up in two words - "naked shorting", which just happens to be illegal, as in "against the law". If those in charge of the Venture Exchange had any concern for investors (i.e. those who actually buy shares), this would not be happening. Ban all shorting of any stock under $2.00, which was the rule a few years ago, when saner, logical heads -- who understand the damage shorters cause these small companies -- were in charge. It's time to bring back that rule and "throw the book" at naked shorters. Is there a shareholder rights organization which can take up this cause? This is the only way to restore investor confidence. This has nothing to do with "putting things in perspective" and everything to do with prosecuting criminal activity and helping those who actually pay for shares.
Read more at https://www.stockhouse.com/companies/bullboard/v.aun/aurcana-corporation#WKWeEYBygkbVW7bx.99
100% agree. they should be prosecuted.