Knoxville-area firm seeks to expose naked short-sellers
Lauren Drapala
Nashville Post, 1 November 2003
Green Dolphin Systems Corporation (GDLS.OB), a small company outside of Knoxville that produces environmentally-friendly specialty chemical products, has announced a plan it believes will lift its share price. The Powell, Tenn. company plans to fight the short-selling of the company’s shares in schemes to run stock prices to the ground, otherwise known as naked short-selling. In a letter to existing shareholders, Nick Plessas, president of Green Dolphin, has asked those with shares to demand physical delivery of Green Dolphin certificates from their brokers.
