Seafield Resources Ltd V.SFF

Naked shorting killing the Venture

[calico]

Another obvious illegal naked shorting attack again today. The solution to ensuring the survival of the TSX Venture exchange is quite simple. Ban shorting, all shorting of any kind. That's it, nothing more, nothing less. If shorting were not allowed, a company could stand on its own merits and attract investors who would step in and buy shares, assured these shares would not be ripped to shreds by shorters. Shorting is unbridled theft, plain and simple. If I had $10,000 in a bank account and anyone was allowed to withdraw from it, without charge or penalty, what do you think would happen? The account would soon end up with a zero balance, I would be out $10,000 and those who robbed my bank account would be enriched by the amount they had stolen. Similarly, let's say I own 10,000 shares of Company A, which I bought and paid for at say 20 cents a share, using $2,000 of my own money. Broker B steps in and sells 10,000 shares of Company A which he didn't buy at let's say the same 20 cents per share. That broker just pocketed a cool $2,000, without investing a penny. Did he get my permission to sell my shares. Of course not. Do I get compensation for those shares Broker B just stole from my pocket? Of course not. Is this fair? Of course not. Is that broker every required to buy back those shares? I'm not sure, but I doubt it, because the fox appears to be watching the henhouse. The fox won't stop stealing hens until someone shoots it. Even if broker B does buy back those shares, he's already reduced the value of my 10,000 shares of Company A. Furthermore, he can sell another 10,000 shares, and another 10,000 shares, and another 10,000 shares in Company A, ad infinitum, forcing its shares to plummet. What do I, the legitimate investor, get in return? Nothing but grief and worthless shares. Shorters would have us believe that shorting helps create what they euphemistically call "an orderly market." That is a self-serving myth, used to shore up their baseless argument and keep my money and your money flowing into their pockets. Shorting creates a very uneven playing field, tilted grossly in favour of the shorters. One would think that some small advantage would be given to buyers who actually pay for shares; instead, the overwhelming advantage is given to sellers, especially shorters. It's as if the brokers view the negative impact on the Exchange as mere collateral damage in their pursuit of profits from shorters and high-frequency traders. Perhaps they don't realize that if the Exchange is destroyed, there will be no profits for anyone. Shorting has, to use the words of Watergate's Sam Ervin, "no redeeming social value". In short, shorting should be banned completely from the Venture Exchange.

[Murtz]

Are they thinking about banning shorting?

[ACESover]

calico, that is one great post and shows some intelligence...something the regulators surely lack. Picking a winner on the Venture Exchange has always been hard enough and now we have to contend with relentless manipulation as the ivory tower crowd sets their computers on algorithmic trading and rapes Joe Retailer. I can accept the risk on the Venture Exchange. I can't except the outright

[calico]

Thanks ACESover. Nothing will change until shorting of these penny stocks is banned completely.  There was a time not so long ago when logic and common sense prevailed and no one could short a stock under $2.00.  That went out the window when massive profits/theft took over as the ruling premise on the Venture instead of the "radical" idea of giving these small companies at

[seadogwest]

This is not even worth shorting.   Seafield Resources Ltd. ( SFF )   ---- Navigation Options -----Seafield Resources Ltd. (SFF)-      Corporate Actions      Market Capitalization/Daily Trading Summary(Market Information)      Short Summary      Trading

[enero7]

Why no news ? From a high of 0.70  to  0.02 cents; a market value loss of 96%-98%. Market Cap for SFF is 5 million ? Unbelievable. Can it go to 1 cent ? Management has nothing to say ? At least they should update something, even an update on the weather in Colombia helps. Maybe someone is accumulating shares big time.

[Pandora]

You figure if they gave a weather report it might prove someone is still alive. Maybe they're waiting for gold to go over $2000 -- not sure how many years that might take. As long as the Fed and big banks are in collusion to keep the price of gold down it may take a long time. They want to keep the U.S dollar as the reserve currency so they will do anything to scuttle other currencies

[enero7]

Today, we are up 25%. I feel like crying. There is light at the end of the tunnel! To the management : How is the weather in Colombia ?