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GeckoSystems Praises SCOTUS Decision Re: Naked Shorting Stocks & States’ Rights
GeckoSystems Praises SCOTUS Decision Re: Naked Shorting Stocks & States’ Rights.
About this update from Geckosystems International Corp
[{"type":"text","content":"\n \n \n \n\n\nCONYERS, Ga., July 8, 2016 -- GeckoSystems Intl. Corp.\n(Pink Sheets: GOSY | http://www.geckosystems.com/) announced today that the\nbenefits from a recent Supreme Court of the United States (SCOTUS) ruling that\nexpands states’ rights by enabling state courts jurisdiction in other states to\nlower litigation costs for plaintiffs seeking damages for naked shorting,\npropagating false rumors to depress the company stock price, etc. is of\nparticular relevance and potentially dramatic benefit to the Company’s 1300+\nshareholders. For over nineteen years GeckoSystems has dedicated itself to\ndevelopment of \"AI Mobile Robot Solutions for Safety, Security and\nService(tm).\"\n\n \n\nThis SCOTUS decision is most significant for companies\nthat are small and technology driven such as GeckoSystems. Many of those\ncompanies have suffered for years while they have seen their stock manipulated\nby naked shorting and false rumors, all done to drive the stock price down for\nexcessive and illegal profits to brokerages, such as Merrill-Lynch. On July 10,\n2015, GeckoSystems’ senior management and majority stockholders filed a Georgia\nRacketeer Influence and Corrupt Organizations (RICO) Act suit in the Rockdale\nCounty Superior Court in Conyers, GA. http://tinyurl.com/qhl3uzu\n\n \n\n“For some years, all of our shareholders and the tens\nof thousands that hold stock in other stock manipulated companies have suffered\nlosses due to ongoing stock price manipulation by brokerages large and small.\nThese predatory brokerages, intent on making more money as they false rumor the\nprice down, to cover their naked shorts to achieve unjust enrichment, have\nhidden behind the now pierced veil of only being sued in Federal courts. No doubt, it is readily apparent that this\nnew States’ Rights affirmation by SCOTUS will be welcomed by the thousands of\npublicly traded companies preyed upon since they could not afford to initiate\nand consummate litigation successfully in Federal courts,” summarized Martin\nSpencer, Founder/CEO, GeckoSystems Intl. Corp.\n\n \n\n“‘Naked’ short sellers squeezed by Supreme Court”\n\nPublished by\nAMI Newswire May 16, 2016\n\n \n\nIn a sweeping\nblow to Wall Street investment giants, the U.S. Supreme Court today unanimously\nallowed lawsuits against \"naked\" short sellers in state co...