Paychest Inc (PYCT)

[adanac]

To have a 230 BILLION NAKED SHORT with only 85B trading volume (since 2004) and say the forward split of 200:1 was involved would mean:

230B - 85B = 145B (after split), which means 725M naked shorts BEFORE THE SPLIT

MLON (PYCT's previous name) went public in 2001 with 38M shares (7.6B after split)


In order to come up with the 725M figure, the 38M would've had to trade each share 19 times (in a 2 year time frame). The company DIDN'T HAVE ANYTHING (at that time) to justify that kind of trading volume.
Even during the 2 month P&D back in '04/'05, when it traded 18B (post split) that was only 1.5 times it's 2004 12B O/S shares.

THE ABOVE FIGURES DO NOT TAKE INTO ACCOUNT "REAL SHARES" BEING TRADED.


If only half of the current 27B were no longer held by original owner and traded just once, that would take away 13B from the 85B meaning

230B - 72B = 158B (after split), which means 790M NS (now 20X for each share pre-split)

The "230B short gang's" proof????????

"You have to take into consideration the 200:1 split"

AND

""THE MM's HAD BIDS IN FOR 230,000,000,000 on the level 2 for months and when we all started posting screen shots they stop showing what they needed to cover."


Boy, did some people get fooled.