Further to shorting and taking placement stock... That is exactly what was done with IB about 2 months ago..... I reported this to servalance and you can see the buy ins that came in a few days later at considerably over the trading price.. They were lucky thats all that happened.
Note that this was only the tip of the iceburg.... IB was shorted 7 million shares as a result of the oportunistic placement and share price differential.... Insiders and brokers beware.
| Broker Positions for C:IB Broker #100 from 20110601 to 20110729 |
| Date |
Bought |
$Val |
Ave |
Sold |
$Val |
Ave |
Net |
Position |
$Net |
$Position |
| 20110615 |
154,500 |
35,535 |
0.23 |
0 |
|
154,500 |
154,500 |
-35,535 |
-35,535 |
| 20110616 |
376,500 |
82,830 |
0.22 |
0 |
|
376,500 |
531,000 |
-82,830 |
-118,365 |
| 20110620 |
13,500 |
2,835 |
0.21 |
0 |
|
13,500 |
544,500 |
-2,835 |
-121,200 |
| 20110621 |
61,500 |
12,607 |
0.205 |
0 |
|
61,500 |
606,000 |
-12,607 |
-133,807 |
| 20110622 |
80,000 |
16,000 |
0.20 |
0 |
|
80,000 |
686,000 |
-16,000 |
-149,807 |
| TOTAL |
686,000 |
149,807 |
0.218 |
0 |
|
|
686,000 |
|
-149,807 |
