06-22-2022, 05:09 PM
You can see it in action by looking at penny stocks of long bankrupt companies that are still available on the otc markets. You can still trade fuckin' Blockbuster and Sears, to name a couple cellar-boxed examples, at .01 per share or thereabouts. Naked shorting hedge funds, in collusion with Citadel and Virtu (since market makers can legally create fake shares for naked shorting purposes....cuz "liquidity"), that drove the share price into delisting never actually closed the short positions so there's never been a taxable event for the hedge funds. It's the same plan they tried on Gamestop and other "dead" brick-n-mortars, but they failed, so there's huge naked short positions on "meme stocks" that they can't close.
It's part of the strategy that vulture capital funds like Romney's Bain Capital and Boston Consulting Group use to loot a company while it is intentionally bankrupted and delisted due to naked shorting. Everyone involved (hedge funds, Bain, BCG, Citadel, etc) make off like pirates and leave the average investor/fund holding the worthless bag. Basically an infinite money glitch for them, if successful, which they usually are.
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