You have every reason to be skeptical of my claims. I will not share the ticker since that would mean I am trying to get publicity. Another poster said that you don't know for sure whether it is naked shorting or wash trading. He is correct and I don't have mathematical proof. But there are enough signs:
1) Company had debenture that was paid off early to toxic lender
2) Toxic lender has been caught and fined by the SEC in the past
3) There is always someone selling below the last market price in this thinly traded stock.
4) Every day the stock is walked down by short ladder attacks.
5) If we model the problem like this, lets say > 50% was short volume, then they could not have covered the same day. Accumulate this over a year. There are over 2M uncovered short sales.
6) Every day like clockwork at close the stock is marked down. We surmise it is because of margin (calculations like 5 are just modeling, we think he is short 10s of millions of shares).
7) Company got a call leaked by the toxic lender trying to raise money. Call was leaked.
8) Wash sales are trickier to prove: but we notice odd lot orders trading without appearing on L2. I have many screenshots that show this.
Notice I am not 100% sure myself. I am a computer scientist who got caught in this and question my sanity sometimes (as someone else posted a while back, there are many groups who obsess and conspire over this).
Notice I am not 100% sure myself. I am a computer scientist who got caught in this and question my sanity sometimes (as someone else posted a while back, there are many groups who obsess and conspire over this).
So any advice, help or insight might be useful.