Paychest Inc (PYCT)

[Trum]

Some are telling a shorty story that is just false. What educated traders know is that for an FTD to be triggered the sale is not covered or completed for 3 days....
Trying to play games with a 30 second sale completion has nothing to do with how FTD are registered. Many trades take longer than 30 seconds to complete... it does not mean that they are shorted trades. So it seems silly to call them a shorted trade when they actually do settle.... easy distinction.. one is not settled at 3 days one is settled. the 30 second silliness is just that...silly.


For good information on FTDs:
insert-text-here

Logic wins out over penny scam subber stocks like pyct.... all one needs to do is ask how did this pig got bloated out to 27+billion shares O/S? and why are so many folks selling at an average price of .0001 or UNDER?

Looking at the facts of October 2015 (second half) there were ZERO FTDs registered. In other words there were no pyct shorted shares. Adanac can play games with the 30 second reporting on a trade but what he/she can't tell anyone is what actually happened to that trade at 31 seconds...or 40 seconds or one day after. What is tracked by the SEC is the actual disposition of that trade...if it was not settled after 3 days it triggers an FTD. pretty easy to verify here; https://www.sec.gov/foia/docs/failsdata-archive.htm