Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

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TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > shorts are stubborn

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Post by Matteo1234 on Jul 04, 2021 4:18am

shorts are stubborn

Naked shorts on Reco=

The Impact of Naked Shorting

Naked shorting can affect the liquidity of a particular security within the marketplace. When a particular share is not readily available, naked short selling allows a person to participate even though they are unable to actually obtain a share. If additional investors become interested in the shares associated with the shorting, this can cause an increase in liquidity associated with the shares as demand within the marketplace increases.

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Comment by peterj99 on Jul 04, 2021 10:31am

That is just stupid. Naked shorting increases the share count It is like using counterfeit money. That is wrong for any reason If a stock is not liquid for whatever reason it does not permit an illegal act

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Reconnaissance Energy (Africa) Ltd