February 5, 2007
With all due respect, what has been the purpose-- lo these past two years plus-- of toting up the presence of the same ol' stocks on the SHO List?
Econ 101 tells us that-- ceteris paribus-- an increase in supply will drop the price of a good or service. It would seem that the continued presence on the SHO list would identify a stock as one where oversupply, i.e., manufactured shares, have been created with the purpose of a deliberately engineered, fraudulent decrease in the price per share.
Has the SEC taken ANY action with respect to any securities that have habitually been on the SHO List for months at a time?
If not, why not?
So... why have the SHO list IF YOU ARE NOT GOING TO DO SOMETHING WITH IT OF SOME CONSTRUCTIVE VALUE???
Your prompt action to clean up this mess-- largely of your own making-- would be much appreciated by your bosses, the American Taxpayers.
Thank you for your anticipated cooperation.