Senior care issued its first announcement about the short-selling problem after a number of shareholders complained that they could not obtain share certificates from their brokers when they bought Senior Care stock.
Senior Care said that, because of the naked short selling, more shares of its stock were purchased than could possibly be available in the market.
Senior Care specializes in real estate developments for seniors, entitling land to develop both commercial and residential projects, including its recently announced Oasis Planned Urban Development project near Elko, Nev.
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