I believe, that everybody knows, that naked shortsellers must cover between 5 and 10 million of the 23 million outstanding shares, but criminals inside of SEC and Finra ignore the criminal activities of the naked shortsellers and their criminal brokers since years.
From my site a lot of thanks to the criminals, because I never had could buy 104,500 shares without the help of this naked shortsellers, And a lot of thanks to the criminals inside of the SEC and Finra, too, who had never take any control of criminal naked shortselling over years.
This website attempts to portray itself as a legitimate website that educates the public about potential corporate fraud and schemes when in actuality it is a website that is used by its editor and contributors to target smaller start up companies by loosely fabricating stories whose primary purpose is to create panic and induce stockholders to sell stock that The Street Sweeper and its conspirators have issued short sell orders.
This is further demonstrated by separate articles on The Street Sweeper in their first article disclaimer they indicated they have shorted the stock, and in the second article disclaimer, they state that they don't have any interest, but the disclaimer on the website pretty much says it all in that their objectivity in their articles is slanted by profit sharing (short/long) positions that they establish.
=== Website Disclaimer
ADDITIONALLY, STREET SWEEPER WILL FROM TIME TO TIME HAVE PROFIT-SHARING ARRANGEMENTS WITH THIRD PARTIES OR OTHERS WHO WILL TAKE LONG OR SHORT POSITIONS IN STOCKS REFERRED TO IN THIS NEWSLETTER. THESE POSITIONS AND/OR ARRANGEMENTS WILL AFFECT OUR OBJECTIVITY.
Which in essence means that they will use their blog to manipulate stockholder sentiment in order to cover their short positions.
Source: Site-Jabber Less
Wikipedia explains Naked Shortselling: "Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade. In 2008, the SEC banned what it called "abusive naked short selling"in the United States, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal. In the United States, naked short selling is covered by various SEC regulations which prohibit the practice."
Nobody knows anything about the number of naked shortselling - without, if he would exist and I believe so, BIG SHORT (must not be one person or hedge fund, it could be more, who are working together), because nobody reporting about not legal abusive naked shortselling. And controls don't exist, because SEC and Finra don't want to control their own rules.
SEC banned what it called "abusive naked short selling"in the United States, but had near never did any control. That is one reason, because after my esatimates not legal abusive naked shortselling by Local Corp is about the 3-fold of the numbers of the published legal shortselling-numbers.
Result: Complete shortselling - legal with share-lending and criminal abusive naked shortselling - is after my estimates between 5 and 10 million shares by Local Corp.
Wikipedia explains Naked Shortselling: "Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver". The transaction generally remains open until the shares are acquired by the seller, or the seller's broker settles the trade. In 2008, the SEC banned what it called "abusive naked short selling"in the United States, as well as some other jurisdictions, as a method of driving down share prices. Failing to deliver shares is legal under certain circumstances, and naked short selling is not per se illegal. In the United States, naked short selling is covered by various SEC regulations which prohibit the practice."
Nobody knows anything about the number of naked shortselling - without, if he would exist and I believe so, BIG SHORT (must not be one person or hedge fund, it could be more, who are working together), because nobody reporting about not legal abusive naked shortselling. And controls don't exist, because SEC and Finra don't want to control their own rules.
SEC banned what it called "abusive naked short selling"in the United States, but had near never did any control. That is one reason, because after my esatimates not legal abusive naked shortselling by Local Corp is about the 3-fold of the numbers of the published legal shortselling-numbers.
Result: Complete shortselling - legal with share-lending and criminal abusive naked shortselling - is after my estimates between 5 and 10 million shares by Local Corp.
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