Golden Phoenix seeks delisting |

Golden Phoenix seeks delisting

NNBW Staff

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.


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