Short sales are not there to promote investment in a company to encourage success. The main purpose is to make money on the backs of genuine investors who invest in a company for it to produce wealth for the investors and create jobs. Even though legal, shorting a stock would not be my way to make money, since there is a lot of negativity attached to it. It's difficult to put the finger on the right word for this. It's just not a "clean" way to make money.

Naked shorts would escalate this further. As I understand it there are requirements to prevent this kind of practice, but the brokerage houses and regulators do not seems to provide adequate enforcement. Violations of the rules are often ignored. There would be a need to discourage/prosecute this kind of "illegal and immoral" activities (nake shorts).

If the naked shorters are making the right calls they make money, sometimes tons of money. But if they make wrong calls and they have no money to pay up, then they just declare themselves bankruped... and set up other companies to do the same thing all over again? Clearly, there is something wrong with this picture.

PSU should contact key people in this fight against naked shorts. At least, we add our voice in support of people like JS and Pat Byrnes, Silvercorp, ... Surely, our management is aware of all this, but may be they are cautious and don't want to rock the Financial boat? Perhaps, PSU could gently push from behind.

goldhunter