We have seem some very outrageous conduct from short sellers
Dunedin, Florida (PRWEB) July 15, 2010
Some of Wall Street’s most resourceful financiers have created a new firm, Short Stoppers, Inc., to fight naked short selling and stock bashers.
“We intend to assist small public companies to seek retaliation against unlawful short selling. In exchange for financing their investigation and litigation against unlawful short sellers and those who aid and abet them, we will receive an assignment of their claims and pay the client company 20% of any recovery," said Gene Newton. Mr. Newton is the President of an OTC company attacked by short sellers.
John E. Lux, author of “How the Shorts Raid Your Stock, Destroy Your Company and What to Do About It” is also a principal in the company. Bradley E. Essman, a Tarpon Springs, Florida securities attorney and former prosecutor of economic crimes, will advise Short Stoppers as to legal matters.
“We have seem some very outrageous conduct from short sellers," said Mr. Lux. "They like to pick on small, weak companies. So a company goes public, does a reverse merger, merges with an OTC shell, and instead of being able to raise money fast, they are under attack by people who want them to go out of business totally. Management does not realize that they are in a life and death battle and so they lose without knowing why.”
“These are difficult situations,” added Mr. Essman, “but we are here and we are willing to talk to anyone. There may be something that can be done about it all.”
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