June 22, 2011
This information does not come from a liberal. I am a conservative and American. When corruption exists, it is
not owned by one political party. It is up to all Americans to fight against corruption and do the right thing, no matter how hard the fight might be.
Allegations of the tidal wave of naked short selling are no longer fantasy talk. It seems like this truth was one of the causes of the financial crisis of 2008. Many of America's Retirement accounts were plundered, while some
hedge funds walked away with billions. According to an article by Timothy Barello at the Manhattan Headlines Examiner released June 21, 2011, naked short selling reeks of high treason against the Constitution of the United States.
From my viewpoint, artificially betting against a company to lose, not owning the shares, as is done in shorting, is also betting against the America Financial System to lose. The effect of shorting is to erode confidence in the American Financial System as a whole.
Illegal shorting practices seem to continue. An example below shows undelivered share amounts by month in the trading of one small cap company with a small float of stock shares. Last quarter, the company released its annual report which showed an annual revenue increase of 81%. The most recent financial report of Entropic Communications showed, in fact, it was the best quarter in company history .
The only reason to short this company seemed to be profit, no matter who it hurts. Betting on America to lose is a sad venture and hard to stomach.
Martin Luther King fought the good fight and was skeptical that changes could be made in his generation, but changes did occur.
Entropic Communications is one of the The 10 Most Heavily Shorted U.S. Stocks. The Failure To Deliver Report figures are high considering this is a small cap company with a small float. It could be argued that the American Investor in this company has been cheated out of hundreds of millions due to alleged naked short selling or basic counterfeiting of this stock. The Madoff situation could be alive and well in this case.
http://failurestodeliver.com
Feb-11
910,990
Mar-11
834,136
Apr-11
1,662,880
May-11
687,944
The stock symbol is ENTR.