FINRA rules are what they are. Would you risk a $30,000 collateral to short $3,000 worth of stock?

Shorts my arse, the capital requirements for shorting stocks below $2.50 is...a $2.50 per share collateral as of FINRA rules. That is, anyone shorting penny stocks would have to deposit the galaxy in order to pick pennies in front of a steamroller.

$500,000? Heck, ain't it ridiculous for Bitcoin to even be at its current nearly-ounce-of-gold price for a bunch of chinese-mining-pool controlled bytes backed by nuthin'?

An investment company purchasing a pinkie? That ain't very common. O_o'

EFLN? Another dead horse pinkie on a gunpowder cart LOOOOOOOOOOLLLLLLLL. Look what the sucker is doing today. :D :D :D

Bitcoin Unlimited Futures trades under the symbols XBU on the decentralized OMNIDEX and the Company's subsidiary, COINQX.com as well as XB on the CCEX.com exchanges.

That is, a product with XBU ticker in one exchange, and XB in another??? Closer to Dissociative Identity Disorder than to decentralization. xD xD xD

Using technical analysis on a pinkie? Whatda...

That usually means sell your bitcoins and run, lol!!!

AltCoin! xD xD xD
It seems BITCF's staff picked the same unbelieveably original idea for a currency name I had been thinking on. :D

If you were the CEO of a pinkie and saw the stock soaring above $0.20 with enough volume, wouldn't you think it would be a license to print $$$?

Or perhaps, early buyers are taking profits and running away with the money after noticing it's showing some resistance.

Shorts? What are you talking about? The capital requirements to short penny stocks are outrageous due to their volatility.

The fundamental force? Ah, the ability of running away with sheer profits before the stock implodes. xD xD xD

Likely someone slapped the ask to get some, in order to "load" for a pump campaign sometime later.

Likely there'll be bids above NITE's shitty $0.0001s and the $0.0003s; sellers likely want to get out at $0.0008s or $0.0007s rather than dump a market order on a stock this illiquid.

...if they bother filing a quarterly statement to otcmarkets.com or another filing just for the sake of showing "any" sign of life. Even as a shell it "could" work if the float is thin and the company had no debts, but without any other kind of info, it's a HOLD.

BTW a $0.00071 close? I see, sub-pennying even the pinkies...

Just passing by to check how the crapload stocks I used to play have done so far :D .

Actually I've been off the markets for years, as, even when I made multibagger profits on several Pump & Dumps by anticipating'em, my latest trade with GPGD (now BITCF) was a total fiasco - right stock, right price, wrong...broker & clearing firm policies.

I had a Zecco account back then, and I held around 400.000 shares of what was a Pink NoInfo shell totalling somewhere around $600 (average buy price $0.0015), but Penson (its clearing firm) didn't allow me to place a sell order due to an order volume restriction which was applied on non-reporting stocks because of possible DTC issues with certificate nonsenses.
Then Zecco merged with Tradeking which had a $50 inactivity fee and then, since other brokers either didn't allow opening accounts for non-US residents, or moving penny stocks from another brokerage to 'em, I was forced to plainly dispose of the shares in 2013 by using a "worthless stock" disposal form, then close the brokerage account and forgetting about playing the pinkies.

...A "worthless" stock that got in the Bitcoin business about a year later (2014) after being renamed as BITCF, and, if you look at the charts, the sucker shell had popped real funny. xD

100:1 R/S plus a massive increase in Authorized Shares up to 10 billion!!! O_o'
Might be worth holding if you already loaded it, but watch out for dilution after.

It looks like betting on a dead horse. :D
...'cos even those run when put above a cart with gunpowder. :P
Although without a "story" or news behind it, runs might just be newbie-suckering one-nighters. :P

As of 2016-12-31 Quarterly Statement Balance Sheet in Google Finance (OTCMKTS:HGGGQ)

(in millions)
Total Equity 38.61
Total Shares Outstanding 27.81

NOTE their equity (assets - liabilities) has been plummeting real ugly each quarterly statement. However if the latest numbers "hold" right now, theoretically that'd be a $1.38 per-share liquidation price...? O_o'
However in those plays common shares can be cancelled so beware.

Yep. You're about to buy a pizza and it's 0.055 BTC no-wait-0.052 BTC and when it leaves the oven it's like 0.06 BTC. Or 0.04. Or both simultaneously .

How the heck can you set prices for products in bitcoin with such volatility?

Does gold swing 20% or more in a day, with huge intraday swings? Come on!
A currency cannot be expected to behave like a penny stock, otherwise you'd be buying stuff with utterly random prices that change in minutes.

BITCF is gonna have to "diversify" into a generic cryptocurrency-for-dollars exchange if it wants to become a point of reference, rather than becoming just another Bitcoin exchange, 'cos the sucker has recently blown up in the dumbest way; it's impossible to call "currency" to something whose price is more unstable than nitroglycerine in a cocktail mixer.

Is there any penny stock that isn't a scam POS anyways?

It's BITCOIN (the cryptocurrency), not BITCF (the stock of a company with a supposed bitcoin exchange) what is beginning to be accepted in casinos.

Who needs roulette when you've got Bitcoin's price swings?

e-Teeth lol!

'cos Bitcoin is the latest fad, I guess.
Maybe, alternative cryptocurrencies with different rules could even be used as a medium of exchange in local struggling economies, who knows?

Of course they can create a cryptocurrency, everyone and his brother can!
Bitcoin was the first game in town, but it was followed by several modified ones such as LiteCoin, Dogecoin (a parody of Bitcoin with a dog meme) plus more, which you can easily find by looking by cryptocurrencies via Google.

Bitcoin price is too unstable to be used as currency, but as an speculative toy it can be played with.

Bitcoin as a concept to be improved is interesting, but trusting in a prototype currency whose designer(s) refuse to expose who they are (Satoshi Nakamoto is a pseudonym) is somewhat suspicious...

The whole mining business reminds me of a Ponzi scheme. At the beginning coins could be mined relatively easily (aka packing "freebies"), but then mining difficulty becomes exponential requiring for more dedicated and expensive watt-wasting hardware to get less for more, akin to needing more suckers to get less yield until mining becomes unprofitable and the currency supply stalls without even ensuring it's enough for an actual economy.

The dollar is backed by the US economy...plus the military lol.

Because I couldn't find any brokerage that allowed transfer of OTC/Pinks and also applied to non-US residents like me.

eTrade allows for buying and selling of Pinks without even having to worry about DTCC stuff, but they denied OTC/Pink share transfers from other brokerages; plus, its European division went under - eTrade Global is now about Asia.

Fidelity was known to allow transfer of pinkies for a time, mainly when Penson started causing trouble, but...you had to be an US resident to open an account, as its Global division is about selling funds.

I once was in a Spanish forum where some traders used to discuss the latest OTC POS SCAM plays . However, since 2012 it was all over - Penson started acting like jerks, and we ran out of brokerage choices as most of us were playing with pocket change money and Interactive Brokers (best option, since you can trade almost anything anywhere)...requires a $10000 minimum.

Yep, Simon and Greg Rubin.

They made a couple filings in 2010 then forgot about the stock. How unbelieveably cute!

Last year I had 405k shares @ $0.0015, but since my brokerage was Penson-based I couldn't either buy or sell (order sizes Pink no-infos are restricted in volume to 10% of 20-day average and 10% of zero is freakin zero). Had to dispose'em with a worthless securities deletion form, since I had no option. Cute eh?

If its owners were unable to give a proper shareholder list of the shell to a former buyer like Embassy, that's alike to selling a building in ruins. Manteinance? What's that?

Well, I already told ya about how careless they were.
It's like they didn't bother with the shell much, if at all.

The amount of outstanding shares was already shown at otcmarkets.com: around 303Million, although the float is not in the market.

However, when Embassy CEO acquired the shell with the incomplete shareholder list, OS was "supposed to" be 140 million shares. Numbers didn't quite match.

Sure, Mr. Unknown was holding a couple joker cards!

By clean I meant a debt-free shell. Whatever their former Transfer Agent did wasn't the company's fault. If anything, they could be said to be careless / irresponsible.

So far on GPGD days it was a cute clean shell...with careless mis-management that ran it as if it were a private company.

TSE and TSX listed stocks in Canada have stricter requirements - if a company's filings aren't up to date, they soon are de-listed from the exchange.