Naked Shorting

[Nak for it]

You are dead on. Thanks for explaining the "multiplier effect" on shorting. Who knows how many actual IOC shares are out there for manipulation. Sadly, the SEC has no clue or intention of stopping this. Sadder still, Wayne has no interest in this at all. The last time I mentioned it, he said that the fundamentals would take care of this eventually. WRONG. Maybe Hession will be more proactive and hire someone to at least ASSESS this IOC short situation.

Another reason for a small one time divi or ongoing. The fact that the shorts have to pay the divi, it forces all brokers to locate all shares.

I honestly don't think IOC management cares enough to bother with all this.