RE:RE:BEWARE OF SCAMS - PROCEED WITH CAUTIONI do agree matt, the evil acheived their goal and probably split or perhaps on the sidelines for another round. Either way in my mind this is criminal activity and it most certainly looked devised by more then just one party for the gains.
The question that needs to be addressed is, how can such things be allowed to happen in a supposed regulated environment. How can borrowing stock even be considered legal?
For instance if I borrow your car to carry on business and make money you would agree with that, think not. Stock that is already sold should not be loaned period. We all see how this opens the market to evil practices. It's just plain greed and evil and must be stopped for the sake of folks who want to invest with confidence with companies that will prosper. Events like this could possibly cause a company to go belly up and that in itself should be criminal. Sure there are bogus scam companies out there but over the last few years we have seen good companies being attacked in the same manner. IROC needs to step in and shut it down!!!!!