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Once again, "naked shorty" is fiction made up by pumpers to mislead OTC newbs and the naive into thinking someone other than front loaders, toxic lenders, or the company is selling stock and/or that some undocumented short position exists that a "squeeze" can be effected on. It isn't real, it is completely false. Don't believe that? Call your broker and tell them you'd like to naked short this stock. See what they say.
It's not the amount that matters dude, it's the fact that even if it is a dollar distributed it needs to be distributed to the legitimate shares available in OS and forces naked short positions to be covered before distribution otherwise those naked shorted shares will be exposed so brings tremendous buy pressure and squeezes pps up hard. The higher the pps gets it gets harder for shorts to cover since they need to pay lot more premium to cover which in turn brings additional buy pressure and thereby makes pps go up parabolically
Divide $3658 by 296,250,000 shares and you get $0.00001235 per share. So, if the holding is 10M shares ($200k+), you get $123.48.
It is pumping material and nothing more. This company is a scam.
See the PR. Cash dividend for all legitimate shares held on 24th. After that when actual distribution time comes it will be already time for forward split which will be happening at the same time to 1:25 ratio so amount of naked shares to cover that time that were sold illegally that needs to be accounted for becomes x25. Boom time coming! Clever move by the company to trap naked shorts who now have to chase pps at several pennies to cover their shorts position. More than 100% moves in same day possible each day leading up to cash dividend date and beyond possible due to this tremendous buy pressure from naked short covering
Was it flippers and profit takers that took us back down today ?
I own the stock and bought more today....would you tell me about the dividends?
"Naked shorty" isn't real. The OTC peddles that crap as an excuse for those that are selling stock and taking their profits. This company always has been and always will be a pump and dump scam.
You will see. Dividend is a way to trap naked short positions since each share needs to be accounted for in the process when the time comes for distribution. People and brokerages who sold shares that they don't have (naked shorting) will be trapped. Especially when it is combined with a forward split especially with a high ratio such as what they announced (1:25) the naked positions multiples by 25 times which puts tremendous pressure on shorts to cover as it becomes extremely challenging to cover that many shares. Watch the explosive move about to happen here. Multiple 100% move can happen in a single day when that kind of squeeze is on, have seen it happen historically in high ratio stock splits and in this case it is even better with a dividend on top of it
Nobody is shorting this stock. It would be monumentally stupid to put $2.50 per share in a margin account for a maximum possible gain of 2 cents, and nobody is that stupid. That's just a stinky pink myth to cover for front loaders selling and company dilution.
Nice explosive move/squeeze today, preview of what is coming with upcoming dividend and Forward split. Short begin to cover and gave a preview of how high they are ready to pay to cover their short position as it gets more expensive for them day by day as the pps keeps moving up out of their hands. CHart looks awesome
VTXB, Diluting 19 Million shares in a week? Huge! Scam, totally!
insanity. what the freaking hell is going on with this. has to be getting pumped for one last hurrah while it still has a low float
In the mean time payday $$$$ weee
It's so obvious it's comical.
Won't last long, though, never does with this company. Trap will be sprung with new bagholders caught in it.
Float is 300 million bro
Hihi I washing vtxb all the way to the bank.
No one wants to believe that the 1A offering 2 billion shares will add billions to the O/S. I have seen scammers lie this do a F/S and shortly after a R/S.
Wash trading now to walk the price up and coax a bid to dump their dilutive shares on.
hondaboost, respectfully, that is not true.
VTXB, 37.5 Billion shares, has been a typical Pump/Dump Scam for years. The insiders issued themselves Billions of free shares, then starting pump in order to Dump. LOL!
Yeah, sure, so they can't lose then. Not diluting is good and important, and now diluting is good, and specifically diluting after the announcement of a split and "cash dividend" of $0.00001235 per share...
That's textbook pump and dump, and everyone knows that.
trader59, here's why...
That's because it was at such time when I made that post. But now that they have had some minor dilution to grow the company, I explained why it's not a big deal as I have no concerns with VTXB as I had explained below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167572807
v/r
Sterling
Newc, to calculate with the 25-1 VTXB Forward Split...
Divide the VTXB share price by 25 and then multiply your VTXB share position by 25 to get what will exist after the Date of Execution which is likely to be the same day of the Date of Record (Feb 28, 202) although it could be slightly different by a day or two or so.
v/r
Sterling
So then, when they hadn't diluted it was good and important:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167485809
And now that they are diluting, and specifically 23M shares in 8 days, it is also good?
So... they can't lose then, anything they do is good? There's a term for that on the OTC....
trader59, respectfully, with that little dilution...
The entire reason why any stock trading on any exchange within the market exists is to be able to use their shares as leverage to grow their company. VTXB is no different as the dilution has been minimal and used towards growing the company as they have indicated such by the purchasing of extra bitcoin mining machines.
As long as the dilution is kept to a minimum as like how it has been, I see no concerns as you can still tell by how thin VTXB still trades.
v/r
Sterling
With a 25 to 1 forward split what does that do to ss and pps when it changes?
When is the date for effect?
Another 4M shares added to the O/S with the update yesterday. Company is diluting into this pump.
The alleged "dividend" is crap, $3600 spread over 296M shares, and the FS won't happen until they update the A/S with the state to accomodate it. It's a pump and dump scam, always has been and always will be.
The insider Scammers Trying to dump their 37.5 billion worthless shares to the idiots.
Yep! VTXB, a typical Pump and Dump. The insiders issued themselves billions of free shares, then starting pump in Order to Dump their worthless shares.
https://www.otcmarkets.com/otcapi/company/financial-report/317132/content
Be very careful!
This is the final warning.
You will lose your investment here.
F/s to suck in investors.
R/S to dump 2 billion shares from the 1 A.
The dividend is a joke. IOnvestors will get pennies.
Those forward split shares will be free trading shares.
stervc...another thing will there be a restriction on the split ?
This is when/where it's official per FINRA...
This is when/where you will see that the VTXB Cash Dividend and the 25-1 Forward Split to be "officially" confirmed to be executed:
https://otce.finra.org/otce/dailyList
v/r
Sterling
I do not frontload and pump.
If you played wade tickers, you would be worth millions
play otc stocks yet tell peeps not to play em lol, there is a saying for that.
Scam no scam makes no difference in the otc, its all about trading the action everyone figures that out eventually,so drop a bone lol,GLTA
My mutual fund portfolio has averaged 38% over the past 10 years.
I do play scam OTC stocks sometimes.
But I don't pump.
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