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Offshore Naked Short Fund Demand Crashes System
Added: 04/02/2004 Type: Summary Viewed: 692 time(s) [ Not Rated Yet ]

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Offshore Naked Short Fund Demand Crashes System

Management of ONS Financial, sponser of the first Naked Shorting hedge fund available to individuals, announced that first day demand was so great that its server was unable to cope with the traffic.

Andrew Kramer, spokesman for ONS financial said:"We were amazed at the incredible response to the announcement of this fund. We knew there would be pent up demand for a fund specializing in shorting OTC-BB and Pink Sheet stocks, but we failed to imagine how intense interest would be. While we maintain a state of the art dedicated server it was simply unable to cope with the volume. We were even forced to switch our e-mail to auto-respond to requests for information."

Kramer continued, "What particularly amazed us was that there was so much demand on the 1st of April. We think it might have had to to with the new NASD affirmative determination requirements that took effect, or perhaps because the internet penny stock attracts so many gullible investors who will believe damn near anything the shills tell them. Apparantly a lot of them also missed the easter egg link to http://onsfinancial.bravehost.com/index.html. We would have thought the Buggs sound clip would have tipped them off.

Rumors were flying in the financial community yesterday that demands for ONS services were so great that the company might consider becoming listed on a US exchange. "It's certainly something we are looking at," said Kramer. "It's not everyday that a new fund attracts as many potential suckers we did yesterday."

"Stockgate has been great for us," said Kramer. "By forcing reforms on the NASD and closing the Canadian loophole the tireless crusaders at Investrend have opened up a great opportunity for us."

Stockgate of course refers to the national scandle manufactured by Investrend and the over 100 companies claimed to be involved in the naked short selling controversy.

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