trum my response in red:
LOL...you seem to be under the false impression that pyct is shorted....too funny. Well, if your logic is to be considered then one would need to just ask...why not just dump out at under .0001 and not even worry about the .0001 garbage?
One would need "A BUYER AT UNDER .0001", in order to "just dump out at under .0001".
WHO IS ABLE TO BUY AT UNDER .0001??
Why waste the effort to sell 3 million and then later sell 580K at under .0001 just to try and scar away investors???? Oh...right, you are assuming that they bought the 3million shares (from weak longs or insiders)..hmmmm seems rather silly if you really think about it eh? Shoot if they really wanted to "scare investors away" (your assumption)...why not just leave the pyct volume alone and log yet another day of ZERO volume (again)...... Or better yet just sell 50K at under .0001. That would make much more sense.
As a "short", the fact that PYCT is "still kicking" (they managed to get the 'chill' lifted), they have to be wondering "When or if this company is going to die". IT'S NOT!!!!
they've tried the "Buy at .0001 then sell at UNDER" before.
example:
FEB 25 10:59:01 Q .0001 3,666,668
COMBINE WITH 13M OTHER SHARES TRADED @ .0001 THAT DAY
TWO & A HALF HOURS LATER, THE SHORTS SELL BACK TO THEMSELVES
FEB 25 14:26:34 Q -.0001 16,366,668
Really does not make sense.
Doesn't have to make sense, to the shorts, JUST DOLLARS. Like you they see No PRODUCT, NO REVENUE, AND A BIG O/S. Makes sense, that the company should have gone under long ago.
But what does make sense it that folks selling at .0001 or even under are doing so out of desperation. Likely insiders that got their shares for next to nothing and selling at any price is good for them
But the only "new shares" issued since 2006 (21,046,534,385) were for the following:
1,559,009,955 SHARES ISSUED FOR I/R AND ACCOUNTING SERVICES Q1 OF '08 9before FLUSHAWAY)
1,710,919,311 SHARES FOR $171,092.00----RATE .0001/SHARE
5,450,000,000 SHARES CONVERTED FROM PREFERREDS WHICH WERE ISSUED FOR DEBT OF $545.000.00---RATE .0001/SHARE
YOU ARE ONLY GUESSING AT ANY OTHER SHARES "ISSUED"
Therefore, your conclusion is not verifiable, and only your opinion
" Likely insiders that got their shares for next to nothing and selling at any price is good for them "
