Golden Phoenix seeks delisting
Golden Phoenix Minerals, Inc.
of Reno said it requested that its common stock be delisted from the Berlin Stock Exchange.
Michael Fitzsimonds, chief executive officer of Golden Phoenix, said his company worried that some brokers might be using the German listings to avoid U.S.
restrictions against “naked short selling.” This practice can force the price of a stock down through the selling of nonexistent shares of stock.
“The thing that I like most about entrepreneurship is I can work toward something that I’m passionate about and be at the forefront of the change that I want to see happen,” said Priyanka Senthil, a senior at Davidson Academy in Reno and co-founder of startup company AUesome.