"It only became a naked short when the white washed voted the EGM down so then the stock couldnt be delivered"
True, but you would assume they knew the risk?
People on here pontoficate about Provate Investors being "risk takers" and were "warned", well, you would have thought the naked shorts would have known the risks. They screwed up, they now need to pay up.
Think your the one who is not getting it ! You have posted that a few times so you must believe it . You can't go selling Billions of extra shares before a placing it is at best irresponsible at worse which I believe F R A U D as they intended to proffit from it ! . Under certain cercumstances the Broker can applie to forward sell shares for a specific reason but you can't go selling 4 or 5 times the number of shares available on the hope the placing go's ahead without any problems . This demonstrates very clearly why it should not happen .
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