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Re: Riley34 post# 2685

Wednesday, 10/12/2016 5:17:20 PM

Wednesday, October 12, 2016 5:17:20 PM

Post# of 72402
Retail investors, depending on where they live or who their broker is, can short penny stocks. I never said you can not short penny stocks. What I did say is, for many penny players it is both cost prohibitive and risk capital to do so, makes it senseless to try it.

That being said, shorting of stocks by market makers does occur for 2 reasons. The first being to "Maintain an Orderly Market" and secondly, Market Makers will short stocks to cover open positions within their own accounts by driving the price down, so as not to show losses while "Maintaining an Orderly Market".

Now about financials. For some reason you seem to think that FRFS only has to file an Annual Report. That is not true. FRFS, as a SEC reporting company must file quarterly (10Q) financial reports. Those not filed since March 2015, must be filed per SEC rules and they have not been. So, FRFS must file 5 delinquent financial reports to become "current" with financial filings.

As to how many shares are outstanding and whether a company puts out (or does not) PR's every week, is immaterial to whether they have to file financial reports. If they do not, whether they have 5 billion shares or 47 million shares, they are still delinquent in filing financial reports. In fact, because FRFS has not filed an 8K, disseminating material events of the company, such as the Gates Foundation Grant, they are even more in violation of SEC rules.

I've been doing this for over 30 years and I know the rules. And in order to be successful at this game, you must first know the rules, just like any other game.

WE MUST ALL REALIZE THE DIFFERENCE BETWEEN HOPE & EXPECTAION BASED ON GIVEN FACTS.