Cielo Waste Solutions Corp. V.CMC.WT

re: iscfa

[odzie1]

Hit a nerve in you mr. ISCFA. Read the part about spreading misinformation. The short and distort part. You sure did your part here. Right iscfa and friends

Short sales can be described as “covered” or “naked”. A short seller may already have located or arranged to borrow or acquire the shares when the short sale is made. This is a covered short. On the other hand, the short seller may have sold shares it does not own, and which it has made no prior arrangements to borrow or acquire, but hopes to obtain before it must settle the trade. This practice is frequently called naked shorting. While short selling serves a vital function in the efficient operation of capital markets, naked shorting carries with it particular risks – including an increase in failed trades, the distortion of share prices and the creation of phantom shares. At its worst, naked shorting can be a tool for unscrupulous short campaigners deliberately spreading misinformation to drive down the target’s share price (“short and distort” campaigns). A short and distort campaign involving naked shorting requires less capital investment, as the short campaigner avoids paying the borrowing fees typically required in covered short sales, and is not constrained by the existence of shares available to be borrowed. In 2009, a technical committee of the International Organization of Securities Commissions (“IOSCO”) made specific recommendations for the regulation of short sales and naked short selling.[2] While the Ontario Securities Commission (the “OSC”) and the Qubec authorit des marches financiers (the “AMF”) were both members of such committee, IIROC (with the apparent support of the Canadian Securities Administrators (the “CSA”) (including the OSC and AMF)) has steadfastly refused to adopt key recommendations of IOSCO for the regulation of short sales.

[Differentfleas]

Ok then I'll bite. What is the short position???

[Differentfleas]

Woolc and Odzie, please tell us the short position!!