March 28, 2008
CMKX, a stock that experienced a trillion naked share massacre
A 2.5 TRILLION SHARE MASSACRE...
How did 703 billion authorized shares magically become 2.5 trillion shares? NAKED SHORT SELLING
I wish this rule was passed a looooooooong time ago with strict implementation of heavy penalties to offenders and appropriate compensation to harmed investors. I hope the naked share massacre: the massacre of companies, the massacre of investors- will stop may this naked short selling anti-fraud rule be passed.
God bless you Chairman Cox with wisdom and righteous courage to do what should be done.