The DD is sound and true, Here is the St. Smallcap story confirmation from 2008 By Patrick Bryne the CEO of Overstock who defeated the shorts
Mr Patrick Bryne was the CEO of Overstock, the company that was targeted by the shorts in the same fashion as Gamestop. Mr Bryne waged a war against those greedy shorts for a long time, trying to expose the scheme that those greedy shorts are using in order to target small, lucrative and defenseless businesses in order to drive them down to bankruptcy!
Unlike other companies such as ToysRUS or Sears, Overstock managed to shake the shorts out of their stock by issuing a digital dividend in 2018. the stock price went from under 20$ to over 120$ as a result. The shorts was upset and sued Overstock but the judge ruled in favor of Overstock!
I found this nice explanation of the naked short scam by Mr Bryne himself in 2008!!
Here is the smooth brains version:
Wrinkled brains version:
I post this for the apes because I find the Mr Bryne's explanation is great! and also for us to understand that the DD isn't new! This problem is old and many companies suffered from those loopholes!
Submitted June 27, 2021 at 07:22PM by moeldevs
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