Attn: Mark Zuckerberg - Illegal Naked Shorting Is Killing Your Share Price ― Wake Up!
Dr. John L. Faessel
Attn: Mark Zuckerberg
Some Wall Street gangsters are in the process of destroying your public company, stealing the wealth off of it through an illegal practice called naked short selling. (A Google search of "naked short" yields 190,000,000 results.)
Before I begin my appeal to you, Mr. Zuckerberg, let me begin by saying that I believe that the legal shorting of stocks is OK. I'm all for it and use the practice myself at times.
In a legal short sale, traders borrow stock before they sell it. In illegal naked short sales, traders do not borrow shares before selling them. They simply sell shares that they do not have. They are in essence counterfeiting stock. They are flooding the markets with phantom shares-phony supply that drives down prices.
In this case, they are driving down Facebook's share price.
This practice has been exposed by (among others) a Bloomberg News article and an excellent and informative documentary titled Phantom Shares, an Economist magazine article, and the magazine story of Matt Taibbi, Rolling Stone's highly respected financial journalist. In every case, these media outlets described naked short selling as being the equivalent of counterfeiting stock. Moreover, they have all stressed that the creation of this "phantom stock" has done massive damage to share prices and has often destroyed the companies that were targeted.
Mr. Zuckerberg, Facebook has been and is being targeted. More than that, "your" company has become the premier "target de jour," and you need to do something to protect both your company and your investors. To date Facebook shares have been cut in half since the IPO and the market-cap is down $40 billion in 90 days.
I highly recommend that you contact Patrick Byrne, CEO of internet retailer Overstock.com Inc. (OSTK). His company was attacked by naked short sellers and since then he has become an expert on
http://seekingalpha.com/author/dr-john-faessel/instablog
HMMMMMMMMMMMMMMMMM Maybe he is right.......
Share Statistics
Avg Vol (3 month)3: 41,923,500
Avg Vol (10 day)3: 83,323,000
Shares Outstanding5: 2.14B
Float: 1.14B
% Held by Insiders1: N/A
% Held by Institutions1: N/A
Shares Short (as of Jul 31, 2012)3: 61.33M
Short Ratio (as of Jul 31, 2012)3: 2.50
Short % of Float (as of Jul 31, 2012)3: 13.00%
Shares Short (prior month)3: 56.72M
http://finance.yahoo.com/q/ks?s=FB+Key+Statistics
Apparently a million share short/dump @ 1:30
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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