07-12-2013, 06:18 AM
'Getitrt2' pid='25593' datel Wrote:dmarque, you don't need to be getting sarcastic, condescending, or stupid anti-government political on me. If the court systems in this country did not have valid uses and competencies, intelligent businessmen would not be spending billions making use of them every year. As far as IOC is concerned, I am allowing and hoping for your solution. As I said above, "They think getting this deal done will get rid of the shorts. However, IF NOT, they need to file suit against all of them and drag them into court and through discovery and through the press. I think the results would be very interesting, and perhaps force the SEC to pay more attention as well. It might even facilitate an effort by shareholders to get Congressional involvement in what goes on. Am I dreaming?" We will see if the underregulated "free market" can take care of this and produce a valid result anytime soon. I sincerely hope so, but I admit I have less faith in that now than I used to.
Perhaps it would help alot if all the institutions/mutual funds owning IOC ( about 85-90 % ) would stop lending their shares to be sold short. ridiculous to lend for a few percent, and incur much bigger losses on the long side.