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Novation Companies, Inc. Message Board

  • cptave cptave Aug 20, 2013 7:00 PM Flag

    what the chairman of BIOLASE recommends small companies like NOVC do ! ( RE: NAKED SHORTING )

    one of the purposes of issuing a stock dividend, aside from the primary purpose of rewarding our long-term shareholders, is to cause a regular audit of BIOLASE's issued and outstanding common stock, as dividends can only be paid to validly issued shares. This prevents speculators from illegal naked shorting. It is my belief that a large amount of naked shorting is currently in existence in our stock, and therefore by August 30, 2013, such illegal trading will be forced to be covered by purchases in the open market.

    "It is widely known in the stock market that shorting and illegal naked shorting are often used to manipulate stocks and cause unjust enrichment of ruthless speculators. I advise management of all small cap companies that are subject to attacks from naked short sellers to uncover such illegal activities and protect their shareholders by issuing stock dividends on a quarterly, or even monthly, basis. This practice results in an automatic audit of issued and outstanding shares and help to keep away naked short sellers. I will be a strong and determined force in fighting such actions, especially those taken against BIOLASE,"

    Sentiment: Strong Buy

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