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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: these short naked guys

May 07, 2009 12:03PM

May 07, 2009 12:06PM
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May 08, 2009 04:31AM
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May 08, 2009 07:23AM

caseyc:

I have trouble understanding the example you have given about a seller pocketing $300K by selling stock the seller doesn't have and will never be forced to produce. Who would be the buyer that came up with the $300K but has no stock, and never will have, to show for the transaction? I deal with a large Canadian broker and my account statement would show immediately that I owned the shares even if the short seller had somehow not produced them. Somewhere in all of this there must be some individual or institution that has spent $300K but has nothing to show for it, never will, and won't complain or take somebody to court over the matter. I just don't understand.

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