July 11, 2007
Watching the options trading in NFI today, we see a 2000 contract Put buy @ 10:14 am.
And thar she blows ... 200K share block of NFI from CSE at 10:09.
$7.45 -- one cent below the bid and 3 cents below the ask.
Ain't elimination of the tick-test just grand?
The entire NFI issued shares are nearly 90% naked shorted into the market now to hedge the options market maker's put position.
It is not possible for anyone to "Put" 90% of the issue since the shares dont, and never did, exist. We all know this. Even you at the SEC know this.
At what point are you going to call this illegal manipulation to a halt? At 100% of the issued shares? At 200%.
Give us a number that you would consider illegal manipulation and we can all relax until that number gets reached.