Re: Naked shorts A NON ISSUE
in response to
by
posted on
May 31, 2008 04:27PM
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While it's annoying to see our share price beaten down,
this is really not an important issue. First of all, there is nothing the company can do about this, as SEC and other market regulators do nothing... Second, those engaged in this activity will dissappear when the company makes a concerted effort to get the Tyhee story out into the investing community with much better Investor's Relations and more frequent news. It has not been the time for such, as in the recent past the emphasis has been on exploration, not shoring up share value, not getting ready to transit to a TSX listing.
In the coming months, Q3 in paricular, this will change as the company will make a concerted effort, in my view, to raise the bar on IR, get known, and behave like a company that will be a producer in the not too distant future.
When this maturing process really begins, naked short sellers will dissappear. Hopefully some will be burned soon. On the other hand, if one is a day trader or has very short term expectations, I guess nake short sellers make it hard for you to get in and out of this stock.... It's almost as if this is a long term investment. DUH!
SKELEG
SKELEG