With all this talk about Shorts this week, I wanted to share this one with you.
by Gerald Klein (2014)
Forty year career in finance and executive management beginning on Coopers & Lybrand audit staff (CPA) culminating with twenty-six years as CEO of publicly-held companies. Prior to that and after leaving C&L served in CFO and COO capacities, all in publicly-held companies. Was an EDGAR Pilot Program filer in 1984, one of eighteen if my memory is correct.
"Abusive shorting are not random acts of a renegade hedge funds, but rather a coordinated business plan that is carried out by a collusive consortium of hedge funds and prime brokers, with help from their friends at the DTC and major clearinghouses. Potential target companies are identified, analyzed and prioritized. The attack is planned to its most minute detail."
It was also posted on https://seekingalpha.com/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack Read the full article there.
