RNWF - $50,000+ Worth Of Buys Coming In Short Order

After almost 3 weeks RNWF's phantom shares have yet to be covered.  Essentially the market makers who fabricated RNWF shares out of thin air and sold them have yet to acquire legitimate shares of RNWF stock to cover those sales.  If you don't know what I am talking about go back to my May 20th RNWF post to get a better idea.  http://pennystockgurus.blogspot.com/2010/05/rnwf-50000-coming-into-this-stock-in.html

Someone sold over $50,000 of RNWF stock with shares that don't exist.  In order to legitimize those shares whoever sold them needs to acquire real RNWF shares, which means buying them on the open market.  Since RNWF still remains on the Regulation sholList under the auspices of Rule 3210, whoever sold these $50,000+  of RNWF stock has yet to buy the real shares back on the market.

As I outlined in my original post I think the RNWF naked short position is really closer to a quarter or a half a million dollars.  If RNWF trades to $.005 or $.01 then you are looking at a market maker with a million dollar plus dilemma or even greater.  That's what happens when you sell shares that simply do no exist.

There are rules in this market place and if they aren't followed.... well it can turn into a million dollar problem.  Of course that million dollar problem will be a boon for RNWF shareholders.  It has to be nice knowing market makers will be the ones buying up your stock, payback is a bitch.