Article: Knoxville-area firm seeks to expose naked short-sellers

Article - Media

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.

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