Players Network Inc. (fka PNTV)

[Toxic Avenger]

Those aren't true shorts. They are the Reg Sho numbers. They sell first, then buy from the company at a steep discount, ensuring a huge profit for them. They cover so quickly that only a small percentage ends up in the short figures, hence the 13k shares there at last report.

Here's one of the new ones reported in the last filing.
"On June 13, 2014, the Company received net proceeds of $75,000 in exchange for an unsecured convertible promissory note, bearing interest at 8% annually, with a face value of $80,000 (“First WHC Note”), which matures on June 13, 2015. The principal and interest is convertible into shares of common stock at the discretion of the note holder at a price equal to sixty two and a half percent (62.5%) of the average of the two (2) lowest closing bid prices of the Company’s common stock over the ten (10) trading days immediately preceding the conversion request date. "

So if we take today as an example, if they look back 10 days, and we assume the closing price was the closing bid (it might have actually been lower, if the closing trade was at the ask), then they have $.017 and $.018 as the lows. The average is $.0175. 62.5% of that is $.01094. If they sold those at today's low, they had an instant 82% riskless profit. If they were able to get the high of the day, they made 150% PROFIT without risking anything, other than the original loan. But they must be pretty confident they can dump those shares to someone and get their loan money back.