Paychest Inc (PYCT)

[adanac]

The 200 Billion Short Size rumor

How it came to be that size.


"THE FORWARD SPLIT turned 100 million NAKED SHORTS into 200 billion NAKED SHORTS GET iT? GOT IT?"

"If BIG BOARD stocks have ratios of 1:1 2:1 what makes you think pinks are not 3,4,5,6,7 or even 10: 1??????????? Get with the program"

Why 7?? Maybe they thought "LUCKY 7"

Please don't count me as one who believes that.
Although I do believe there is a 'LARGE SHORT'
Here's why.

MY ANSWER?????

THE NUMBERS.

85B traded since 2004---------------FACT
18B during P&D of '04-'05-----------FACT
27B O/S-----------------------------FACT
38M before 200:1 split in 2004------FACT

I've heard "pino's reputation" as a "great salesman" but to claim that he was able to "SELL the story (and it was proven to be a "story" back then) such that there would be (at 7:1) 38M real and 266M fake shares out is REALLY STRETCHING THE STORY
(2 yrs into "trading", as MLON didn't go 'public until 2003)


For there to be 200B (+ 27B reals)
there would have to be 2270 SH with an AVERAGE SIZE of 100M (or 22,700 AVG 10M)-----MATHEMATICAL FACT

The company said 6,500 when our O/S was 19B (in '08 with Flushaway)-------FACT

My 'Math program' doesn't jive with their FACTS!!!