It's good to see the good guys take on the bullies
The massive short-selling of AGIX is about to end abruptly! (Not rated) 12 second(s) ago I read on several message boards that the stock holders at AGIX are standing up and demanding action.
Its good to see some backbone in the share holders. I like a company where those who own a share of the company take an interest and get involved.
I do not like it when there is a "gang-up" on one particular company with massive short-selling of that company's stock in order to manipulate its share price.
It is illegal!
You cannot convince the court that 60% of all the shares of AGIX were legally shorted.
There's probably criminal action here.
Now that the stock holders are demanding that something should be done immediately, AGIX will start to sit up and take notice. The Federal Government has become aware of this illegal game too. They too will be getting involved.
In my research I have discovered that Overstock (OSTK) was another victim of massive short selling attacks. Lawsuits were filed. The glare of publicity followed. Shortly thereafter, those who were shorting did a quick retreat and Overstock quickly moved to higher ground.
This should start to happen in the case of AGIX. Once the news is spread about the abuse of "short selling" in the stock market, and once the legal system gets directly involved, anyone who is part of this scheme will quickly try to cash out of their short positions before they face any legal/criminal investigation.