I won't lend you anything, but I would be willing to sell you some put options on NASTY shares if you were interested in short exposure to my asset on GLBSE.
Not really, but in any case it's meaningless to buy PUTs from the underlying issuer. If your asset goes bankrupt your PUTs pay how?
You'd be buying them from me, not the asset... I would pay if the asset went bankrupt. I understand your reasoning for trying to borrow shares, but if you want to put your money where your mouth is, I have a very established trading record and would be an honorable issuer of put options for NASTY.
Sorry to burst your bubble, but as far as I can ascertain your very established track record is a 1 rating from Ignatius-otc. That's not much to go on.
Maybe your take on this entire thing is a little more emotional than financial.
In case no one understands what they are trying to do - this is it
1.Borrow your shares of a company listed on GLBSE, pay you x% to borrow them.
2.Sell your security, pocket the money
3.They are going to trash talk the hell out of any security they get a hold of, say it is going to 0.
4.Buy it back at close to 0
5.Give you back your now worthless stock plus your x%
In a regulated market this is securities fraud, but rarely if ever gets caught.
It happens every day in Yahoo finance, if you have never seen it just go look around Yahoo finance for 5 minutes.
Google "highest short percentage nasdaq" , go to yahoo and camp out. It also works when the short get caught and the stock goes up- the shorts panic and start trash talking non stop.
This should get locked - I am new here but one stock exchange trying to short securities on another exchange is
SECURITIES FRAUD
Don't be a dumb ass- oh and I have no stock on GLBSE as of this post, so I have no reason to care
Well, so let's test your theory. Mr P. already has some ASICMINER short as seen above, where's the "trash talk the hell out of" part?
An imagination is a wonderful thing. Don't let it take control of your head. Especially when you're new here.