ZNext Mining Corporation, Inc (ZNXT): There may very well be bars of gold on t...

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stockhound101

Re: hellogeorge1 post# 780

Friday, 03/10/2006 12:45:58 AM

Friday, March 10, 2006 12:45:58 AM

There may very well be bars of gold on the Island, but I doubt we the shareholders would ever see anything from them if they were to be found on the company claims.
All that is beside the point.
The company claims they are being seriously Naked Shorted and apparently have put in place a dividend to try and bust any would be shorter. It seems they may or may not be right. The share price is now moving up for some reason and it may be due to shorts trying to cover or it may just be because there is a lot of buying pressure or both.
It did move up awful suddenly after the announcement making the MM's look very guilty in my book.
I know Janice will try and say Naked Shorting is just a cover for heavy dilution by the company, but that is her story on every company that claims it's been shorted.
I myself believe it's these very companies that are belived to be scams that are targeted by the shorts and that may very well be the case here. If so, then I also believe pearl and her people were smart enough to smell a rat and have taken creative measures with this dividend to counter the short.
The next few days should be interesting to say the least, but let it be said Naked Shorts don't give in to easily, but the fact that this company has made this move so early in the game while interest in the company is at a peak and the company knows exactly how many shares should be trading in the float could be any would be Naked Shorts undoing. JMHO

there is no "objective truth"--only patterns of probability. "Matter" is seen as an illusion of the senses.
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