RE: nervous broker's future at stake?Naked shorting:
To address the problem, a solution could be that all EGX minority
shareholders demand delivery of their stock certificates and thereby
cause the elimination of naked shorting on EGX.
(I believe there can be a fee for ordering the certificates, something like 15 dollars if I remember it right)
The immediate result of this pressure will be demand for stock, as
naked short sellers scramble to cover their position - likely causing
an increase in price and that EGX steps up to fair market value.
(The naked short sellers would have to buy back the fraudulent
shares, shares that doesn't exist, shares with which they have
diluted the market and brought down the price of the stock)
Ultimately, once the market is cleansed of naked short sellers, the
price of the stock will be accurate and reflect the performance of
the company and factors like POG etc.
The price of the stock would no longer be affected by the actions of
market manipulators / naked short sellers.
"Make yourselves sheep and the wolves will eat you."
Benjamin Franklin
IMO, All the Best! /W
