Report possible fraud to the SEC here: Office of Whistleblower, 202-551-4790
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You’ve yet to prove the hedge fund conspiracy theory. If you have documented and verifiable proof, post it. Otherwise it’s merely an opinion / speculation.
Good, then we won’t need to read anymore of this false diatribe. Again, the OS will reflect that shares are issued in tranches. Once the current tranche has been sold a new one will be issued. The O/S wont change until the next tranche is issued.
If you think securities fraud is occurring, contact FINRA or the SEC immediately:
Office of Investor Education and Advocacy:
Phone number: 1-800-732-0330
Email: HELP@Sec.gov
https://www.investor.gov/contact-us
Good morning, RB! Yikes, looks like a 6 digit trade, $.000001, a “penny for the lot” transaction.
Some firms facilitate the sale of positions held by their customers in low- value OTC equity securities, as defined in FINRA Rule 6420, that they or their customer may deem to be “worthless.” The firm purchases the shares to remove the position from the customer’s account and to enable the customer to claim a capital loss for tax purposes.1 The purchase price typically is nominal and set solely for purposes of liquidating the position. In some instances, it may not be a per share price, but may be sold, for example, for one penny or one dollar for the entire lot. Hence, these sales sometimes are referred to as “penny for the lot” transactions.
It’s a bit sketchy, but In the financials it says:
The Company intends to pursue the consummation of stock split with FINRA sometime in the 2nd quarter of 2024.
When is the best estimate for the RS
Kegs has no abusive short interest, digger.
1. @FINRA SHORT INTEREST:
https://otce.finra.org/otce/equityShortInterest
2. @SECGov FAILURE TO DELIVER:
https://www.sec.gov/data/foiadocsfailsdatahtm
3. “The Misleading” – Daily Short Volume
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
No ”trying”, Bosco , simply factual data. If you don’t wish to believe it, just ask Charles….
..Charles Schwab that is. He said the same thing that I just relayed to you. Not understanding short interest doesn’t make it “misinformation”. In fact it’s one of the most informational posts on shorting. It’s definitely not a conspiracy theory or an opinion such as your claims which are not based on factual data:
— KEGS most recently has been shorted from
— for a hedge fund to short at .0001 is to discourage buying, give the appearance of massive dilution, and bankrupt the company so they can pocket their ill-gotten
— of course abusive naked shorting occurs in the pinks
In addition, the SEC issued this:
There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company’s stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of “naked” short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company’s poor financial situation rather than the reasons provided by the insiders or promoters.
I’m not going to help run up the BOB again today, I’m off to dinner!
How much can you lose in short selling?
Potentially limitless losses: When you buy shares of stock (take a long position), your downside is limited to 100% of the money you invested. But when you short a stock, its price can keep rising. In theory, that means there's no upper limit to the amount you'd have to pay to replace the borrowed shares.
Hence why there’s no Kegs abusive short interest.
No thanks. Those are all opinions, boscolives21:
- KEGS most recently has been shorted from .0017
- for a hedge fund to short at .0001 is to discourage buying, give the appearance of massive dilution, and bankrupt the company so they can pocket their ill-gotten gains.
- of course abusive naked shorting occurs in the pinks
None of it is factual. Sorry, I don’t do conspiracy theories, I prefer facts. For instance, factual data tells us a short of a million KEGS shares would cost $2,500,000. If a successful short is made, the highest gain possible is $79..
No one would be that foolhardy to risk it on an OTC stock like KEGS with next to no gain.
No one is abusively shorting KEGS, the regulators say so.
Sorry to take so long, I just got back to my desk and see you replied.
There’s so much misinformation about shorts. I don't know why any astute trader would think the pink sheets are being abusively shorted. The financial requirements alone prevent abusively shorting OTC stocks like KEGS.
Hypothetically speaking, locate the shares, start a short with 1,000,000 shares @ $.0001. That's $100. for the principal and $2,500,000 in required Maintenance Margin, as well as at least 102% of the principal in what is called Supplemental margin.
There will be about 20% in fees and commissions. IF a successful short is made, gains are capped to 99%, HIGHEST GAIN POSSIBLE would be about $79. Meanwhile the trader has put over $2,500,000 at risk.
No one would be that foolhardy to risk it on an OTC stock with next to no gain.
It was an about an Exchange listed stock, digger, not an OTC stock.
Reasoning behind trade(s) should come from FINRA, not novice traders.
False, again. FINRA, not the SEC, tracks fails to deliver, since "air shares" don't exist.' Make note, those fails are the "air shares". FINRA does keep track of fails, and the SEC uses that information.
Plus that story about a stock that trades on an EXCHANGE, is not KEGS, obviously. KEGS is Not an SEC Registrant, bosco.
From the SEC:
There also may be instances where a company insider or paid promoter provides false and misleading excuses for why a company’s stock price has recently decreased. For instance, these individuals may claim that the price decrease is a temporary condition resulting from the activities of “naked” short sellers. The insiders or promoters may hope to use this misinformation to move the price back up so they can dump their own stock at higher prices. Often, the price decrease is a result of the company’s poor financial situation rather than the reasons provided by the insiders or promoters.
Let’s see Proof, rms. I’ve yet to see any verifiable documentation.
No it’s not “misleading” to post numbers from the regulators SMH. Most often the revelation of a fact, while it might be unpleasant, is beneficial in the end.
Now the story again about a stock that trades on an EXCHANGE, not the lowly OTC. KEGS is Not an SEC Registrant, bosco, and the story is Not about KEGS.
LOL! Are you saying Trillium is the “naked short”? The one who had More shares issued to him by Thomas Scozzafava, the KEGS CEO?
I post everytime the misleading and fake nonsense about shorting and naked shorting starts, and I will continue to do so, bosco. I have regulators numbers, if interested.
Agreed. I don’t know why that continues to be an issue here when KEGS has no abusive short interest.
Those are ridiculous statements lol
1) where are the .00005 sales?
2) who would consistently offer shares to short on this for constant loses? (For someone to profit, someone has to lose)
3) just because it’s been done, doesn’t mean it’s happening here
4) nobody generally shorts companies like this….
Also you can see shorts on a website…
There’s been no proof of KEGS naked shorting nor abusive short interest. Do you care to share documented and verifiable abusive short interest? What are the numbers? The regulators say Zero short interest. Here’s the link to verify: https://otce.finra.org/otce/equityShortInterest
That’s the whole point, no one is shorting KEGS, and you’ve yet to prove any of this.
Fyi, when naked shorting happens, it generates fails to deliver unless whoever does it gets a borrow. FINRA, not the SEC, tracks fails to deliver, since "air shares" don't exist. And those fails are the silly term "air shares". FINRA does keep track of fails, and the SEC uses that information.
KEGS has Zero short interest, and Zero fail to delivers. I’ve posted links to verify, I don’t know why this continues to be an issue.
FALSE.
FINRA SHORT INTEREST: 0
https://otce.finra.org/otce/equityShortInterest
SECGov FAILURE TO DELIVER: 0
https://www.sec.gov/data/foiadocsfailsdatahtm
“The Misleading” – Daily Short Volume
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity
Daily Reg SHO is meaningless due to no separation of Riskless Principal transactions from the data. Almost all short volume is created by non ownership or physical possession of the shares in a trade transaction.
Changed the name from Zachary Logan? He got 300,000,000 shares from Scozzafava even after being busted by the SEC.
Where's Mr Walnuts? Anita Dump? PepsiMan?
Exactly. Almost two years ago, April 2022, Scozzafava said:
It was management’s desire to sustain a share price at $0.02 into the fall of 2021, which would have minimized the current 200 million share issuance by 90% to 20 million. Despite the engagement of consultants in this arena, the small issuer selloff in the late fall and winter in 2021 seemed to have pulled our shares down with the overall market.
Our desire is to up-list KEGS to NASDAQ…...
“Our desire” lol, what a bunch of Tomfoolery.
Already stated otherwise, a dozen times. You made up your own rules, FINRA’s are quite different. The TA reports the numbers. But please show me there’s been no dilution? And while you’re at it, show me where I supposedly said:
“dilution happening AVG guys this not good” https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174234897
Fact is, I didn’t. You made it up. If you have documented proof from FINRA, post it with the rule number. It can’t be done since there is no such homemade rule. Again,
Section 404: Weighted Average Price/Special Pricing Formula Transactions
Q404.1: Member BD1 executes multiple trades to satisfy a customer order and then trades with the customer at a price equal to the volume-weighted average cost of the original trades plus a net difference in accordance with a net trading agreement with its customer. How should BD1 report the trade with its customer?
A404.1:
1. The original trades and the customer leg of the transaction should be reported to the tape, and the report of the customer leg should include the weighted average price (.W) modifier.
2. For example, member BD1 receives an order from a customer to buy 5,000 shares of ABCD security and accumulates the shares through five separate trades.
3. Each of these five trades is reported to the tape.
4. BD1 then sells the 5,000 shares of ABCD to its customer at its volume-weighted average cost with a net difference to reflect the compensation agreement between BD1 and its customer. BD1 should report the sale of 5,000 shares to its customer to the tape with the weighted average price
DID YOU CONTACT FINRA?
I gave you their info If you want to call it manipulation, confact FINRA, Office of the Ombudsman
Call: (888) 700-0028 or (240) 386-6270
Email: ombuds@finra.org
Theories:
All tiny pinprick sells
Looks like if whoever is selling to drive the SP down
the know to sell less than $.01worth
Why so interested in keeping the SP down?
manipulation
very telling of your position here Fact
The reason the drop is because this volume is below worthily tradable
it tanks the SP fir your liking
its a real scam you overlook
You’re just carrying on about something you wish was happening. If you have questions, contact FINRA or the SEC. I’ve provided their contacts. Report back to us when you get answers.
Thanks for the synopsis, pea. It’s not great news but not the worst, although getting a yield sign again is disappointing.
One more thing, did they just now learn of an undisclosed mortgage? How long ago was the purchase?
Subsequently, the Company learned of an undisclosed mortgage on the subject land that would have impaired the land and also discovered the inability to use as consideration its Series E Preferred Stock. Both parties on April 12, 2024 agreed to cancel the transaction.
What? That was a lot of nothingness, it’s unnecessary and silly. The company provided information, I’m not thrilled but I can deal with it.
FYI, I don’t do conspiracy theories, mx.
Nonsense. That’s why you’ve been posting like there’s no tomorrow, communicating to yourself over and over. We have info from the company now, it’s so much better than countless conspiracy theories.
LOL!!! Tesla laid off over 22,000 of their work force, think that might have something to do with it!, Bosco? SMH
Plenty not to be happy about: on KEGS:
1:1000 reverse split,
major debt
20 billion A/S
10.8 billion O/S
Borders on .0001 and lower, 12 month high .0002
CEO, Thomas Scozzafava, has a long history of reverse splits
I understand you’re trying to drive up numbers on the BOB Board. We KNOW what makes these boards active. It's the pump & dump stocks who invent naked short and short squeeze scenarios. I’m not playing the Bob game, I don’t love stock scams, bosco, and I don’t fall for their conspiracy theories.
“Uplisting the ticker?” HA HA HA HA HA HA!!!! Scozzafava said the same thing two years ago. Lolololololol!!
Then why are you comparing it to listed stocks? KEGS is a P&D, bosco.
You do know the stocks you recalled are SEC Registrants, no? KEGS IS NOT. SMH.
Why do you think it’s on the Bob, BoscoLives21? This astute trader looks to see which scams are under a PnD. That’s the stocks I avoid. KEGS should be #1.
It’s an amendment on the Florida SOS: https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=1812BREWING%20P150000389341&aggregateId=domp-p15000038934-8087cdd5-7534-43cf-b8e3-4a457527fc8c&searchTerm=1812%20Brewing%20&listNameOrder=1812BREWING%20P150000389341
The Amendment:
https://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2024%5C0318%5C25746295.Tif&documentNumber=P15000038934
Great! The B.O.B. is where astute traders go to see which scams are under a PnD. Those are the stocks they avoid. KEGS should be #1.
I can name all of them, you’ve yet to prove anything,
As pertaining to KEGS:
Hedge funds
Counterfeit shares
Naked shorting
Sorry, but as for your bogus “shady overseas jurisdictions” - overseas has to gain access to our market through an U.S. SRO, and all SRO's report their positions. Meaning that silly claim is DOA.
It wasn’t informative, that’s what you originally said. It is misinformation, you said “even the SEC”. Did you see word “comments” in your link? The link to some nonsense by an irate trader of penny stocks who made a comment TO the SEC. Plus you have yet to prove naked shorting, counterfeit shares, nor air shares. No phantom shares, No abusive short interest, No SEC “stories”, none of the typical excuses used on OTC issues. The meaningless short volume is not proof of naked shorts either. Again, KEGS lacks significant FTDs, it has none, therefore the naked short story is nonsense, still.
I couldn’t care less about your conspiracy theories.
If you want to call it manipulation, confact FINRA, Office of the Ombudsman
Call: (888) 700-0028 or (240) 386-6270
Email: ombuds@finra.org
No it is not. the link you presented was Written TO the SEC, Not BY the SEC as you falsely claimed. Are you disputing that fact? Your quote shows you think the SEC posted it. Do you still think the SEC posted it?
Even the SEC has difficulty proving the existence of particular naked short shares.
Worst RS/RO of all time:
Empzd 1:80,000 R/S 3/22/2013
HCKI 1:35 R/S 6/17/2010 - Number of Spilts:10, HCKI START: 21-Dec-01
HCKE 1:50 R/S 10/27/2009
ALRN 1:10,000 01/23/2009
ALCI 1:1000 12/03/2007
HVLN name change 09/24/2007
AWYB name change 11/10/2006
AWBV 1:5000 R/S 09/12/2006
AWBD 1:10 R/S 01/21/2005
AWHB 1:300 R/S 11/23/2004
DCGX 1:100 R/S 04/12/2004
DCGR 1:25 R/S 11/18/2002
DCIH 1:200 R/S 12/21/2001
DCGR 1:30 R/S 09/11/1998
12 Reverse Splits with an 80,000 to 1 allowed by FINRA. ouch