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GOOD ARTICLE ABOUT SHORTERS....
I LOCKED MY SELL ORDER AT $1 A SHARE, NOT GIVING THEM MY SHARES TO BORROW
COMMENT ON RULE S7-24-99
To Whom It May Concern,
The rules, which allow Market Makers (MMs) to naked short stocks, should absolutely be changed. The behavior, which results from this activity, under any other circumstance would be criminal. The MMs, represented by their law firms, use the argument that it is necessary in order to maintain liquidity and to make a market, but in actuality this argument is nothing more than a smokescreen, which enables them to continue behavior, which caters to their own greed and profit motives. At a bare minimum the current rules allow activity which is a conflict of interest. It is like having the fox watch the hen house, and their actual past behavior clearly indicates that they cannot be trusted and are not capable of self-regulation.
There may be some value in the basic concept of shorting, but in current practice it has gotten out of hand, and the practice of naked shorting, on the OTCBB, should never be allowed, under any circumstance, by anyone allowed to trade on U.S. exchanges. The reason is simple; when someone goes long on a stock, the maximum loss is limited and there is a floor, since the stock can only go to zero value. When someone goes short, the losses are unlimited, as there is no ceiling. Under this circumstance the pressure is increased to do whatever is necessary to protect ones position. And that is exactly what happens to induce activity, which should be considered illegal market manipulation. Even the MMs can make mistakes and the practice of naked shorting allows someone to get into a situation, which they cannot get out of under normal means. The problem is exacerbated by the MMs being in a situation, where they can do this without any accountability, or required disclosure of their position. They are then empowered to actually set the price of a stock and control its movement. This is clearly a conflict of interest, which should not be allowed. How can anyone, even for a second, think that this makes sense? History has proven that money and greed are one of the most powerful motivators. People from all walks of life, have committed major crimes and behaved in ways that are completely unethical and immoral for far less money than is available to the MM industry through their ability to short and manipulate the stock market.
I have witnessed the effect of this type of potentially illegal manipulation on the price and movement of a stock, in my case INVT (Investamerica/Optica Communications) and have read numerous examples of others. I never would have believed that this type of activity could happen if I would not have seen it first hand. MM manipulation can be absolutely devastating to a company and it's stock. As a result, most of the risk on the OTCBB is not with the companies, but rather with the MM trading patterns. An investor can evaluate the risk of investing in a start-up company, but there is no way to evaluate the risk of MM manipulation. The MMs are in such an uncontested position of unregulated control that they feel invincible. With no checks and balances on their behavior, they have gotten out of hand. I have watched the MMs sit on, and even lower a stock price, over and over again, and for extended periods, in the face of significant buying, yet lower the price on very little selling. I have seen numerous trades executed for thousands and tens of thousands of shares with little or no upward price movement, followed by a lowering of the price on sells of a few hundred shares. You can watch intraday trading and tell when they are going to start lowering the price by watching them trade between the spread and then start walking the price down. You can see them trading between themselves to give the appearance of selling in order to lower the price, or selling to investors at the bid in order to paint the tape lower. They will raise the ask only to fill an order, or fill a partial order move the ask higher to fill the rest of the order, and then drop the price right back down, the net result being no gain from the buying. When watching the trading activity day to day the MMs seem to have constant downward pressure on this stock, even in the face of strong buying, or news from the company. Lack of buying, even without selling, causes the price to drop, and when there is no news the behavior is even worse. These tactics are all designed to play on the emotions of a less experienced investing public, and these are just a few of the tactics that are used by MMs to manipulate a stock price to their benefit.
This activity makes no sense, unless it is done in order to protect an excessive short position, or move the price to the benefit of the MMs alone. This often results in the MMs being at odds and in an opposing position to the company and the investing public. This should not be the case; the MMs should make their money on the trading activity and the spread. They should never be allowed to get into a position where their own position and greed takes precedence over the company, the investing public and the normal movements of a free market. In the current environment, they obviously cannot be trusted. Anyone who thinks that these things do not happen either has not looked closely enough, or has blinders on. It is virtually impossible that all of the people who are crying foul are wrong. The question is not whether, it happens. The question is whether anything will be done about it. If not, then all of the talk of protecting investors, fairness for investors, accurate warnings in disclaimers, and the expectation of a fairly executed and regulated market mean absolutely nothing. It is easy to see all of this as just movement of numbers and dollars, and forget that it all involves real people and families, who work hard for their money and are trying to find a way to make their money work for them. All investors should have a reasonable expectation of a fair market, instead they are being robbed by an unregulated environment that should not exist. Now what is going to be done about it?
Sincerely,
Rick Ballenger
Investor
Yeah I saw that, your right fake wall
Who the hell has 7 million and 18 million sells, this is going to multi pennies didn't you just read the DD on the board...
Yeah especial with low float this will POP, keep in mind we will hear great news about this company since they have sister companies who have done really well with higher float...this is truly exciting... this will be a life changer for all of us
Kabooom!!!
Yeah I see that finally running nicely today and exchanging hands
Huan Media provides wifi to one of CHINA busiest railway targeting users of approx 1.3 billion...this is cheap...this is generating revenue already and waiting on company to release F/S.
Exciting times!
Trading healthy, ONLY 2.4 MILLION IN THE FLOAT where you have other companies at have BILLIONS IN THE FLOAT...
THE $1.79 REALLY IS BARGAIN PRICE, WAIT UNTIL NEWS COMES OUT ABOUT THE DIRECTION OF THE COMPANY INTO EXACTLY WHAT IT WILL DO and you will this trading in the double digit dollars and imo triple digit dollars.
INCREDIBLY LOW FLOAT!!!!!
YES I AGREE, I think we will be seeing a lot of exciting things in days or weeks to come.
I just want to remind every shareholder that the float is only 2.4 million and is unheard of on the OTC market, so the price over a $1 is a BARGAIN AND is at the bottom, once the company reveals more of the direction and what exact technology they will be using this will ROCKET...
REMEMBER WE HAVE COMPANIES IN THE OTC THAT HAS 3 BILLION AND MORE IN THE FLOAT , WE ARE AT 2.4 MILLION...SO HENCE WHY WE SHOULD SEE $100 LEVELS...IMO
Good to see you, you know with this low float imo this should be at $100, I have never seen a low float structure like this on the OTC market...AMAZING...
Now that the company is entering the crypto space I am so excited to hear more about there direction in the coming days or week, TRULY EXCITING
A GEM in the making...HOLDING long term..
$CHIF $CHIF" $CHIF READ ALERT!!!
CHIF Float/UnRes = 2,485,502 Shares:
UNHEARD OF SUCH A LOW FLOAT IN THE OTC MARKET, THIS SHOULD BE TRADING AT $50
CHIF ANNOUNCES ENTRY INTO CRYPTOCURRENCY, BLOCKCHAIN AND DIGITAL ASSET ARENA
Press Release | 02/22/2021
China Food and Beverage Company (OTC: CHIF), today announced that the Company will be entering the cryptocurrency, blockchain and digital asset technology arena. The management of CHIF believes that with the recent success of Bitcoin https://www.bitcoin.com and the impending IPO of Coinbase https://www.coinbase.com ,
the time is now for CHIF to make its entrance into this booming industry. The Company feels it has the expertise, industry contacts, affiliations and investing banking relationships to participate in one of the globes most dynamic and exciting sectors.
President of CHIF stated, With Bitcoin now at all time highs of over $50,000. and the upcoming IPO of Coinbase being projected in the range of $300. per share, we believe that this move will benefit all CHIF shareholders.
CHIFs vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.
For further information please contact CHIF at info@chiftech.com
https://twitter.com/chif_tech
Twitter Message from CEO
CHIFTech
@chif_tech
·Feb 24
The management of CHIF believes now is the time to get into the cryptocurrency, blockchain and digital asset space and feels this will benefit all CHIF shareholders.
Feb26, message from CEO
Many loyal CHIF shareholders have contacted us and are both very excited and curious what the future holds for CHIF with our entrance into the crypto space. We are just as excited as all of you.
Clearly the markets have responded very well to CHIF's new direction. Be sure to check this Twitter handle frequently, as we will be making material update right here and of course, we will issue many press releases to keep the world informed about our great company.
From the time we announced that CHIF was entering the crypto sector, we were hard at work on our first acquisition and we should be able to give you an update on that early next week. It should be even a more exciting week than this week.
Those ingredients, plus a 24/7 work ethic by the entire CHIF team, will be a great benefit for all of our shareholders and will certainly help enhance shareholder value.
Of course, it also doesn't hurt that CHIF only has a float of 2.5 million shares and of course, a pledge from management of NO REVERSE SPLIT.
$CHIF $CHIF READ ALERT!!!
CHIF Float/UnRes = 2,485,502 Shares:
UNHEARD OF SUCH A LOW FLOAT IN THE OTC MARKET, THIS SHOULD BE TRADING AT $50
CHIF ANNOUNCES ENTRY INTO CRYPTOCURRENCY, BLOCKCHAIN AND DIGITAL ASSET ARENA
Press Release | 02/22/2021
China Food and Beverage Company (OTC: CHIF), today announced that the Company will be entering the cryptocurrency, blockchain and digital asset technology arena. The management of CHIF believes that with the recent success of Bitcoin https://www.bitcoin.com and the impending IPO of Coinbase https://www.coinbase.com ,
the time is now for CHIF to make its entrance into this booming industry. The Company feels it has the expertise, industry contacts, affiliations and investing banking relationships to participate in one of the globes most dynamic and exciting sectors.
President of CHIF stated, With Bitcoin now at all time highs of over $50,000. and the upcoming IPO of Coinbase being projected in the range of $300. per share, we believe that this move will benefit all CHIF shareholders.
CHIFs vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.
For further information please contact CHIF at info@chiftech.com
https://twitter.com/chif_tech
Twitter Message from CEO
CHIFTech
@chif_tech
·Feb 24
The management of CHIF believes now is the time to get into the cryptocurrency, blockchain and digital asset space and feels this will benefit all CHIF shareholders.
Feb26, message from CEO
Many loyal CHIF shareholders have contacted us and are both very excited and curious what the future holds for CHIF with our entrance into the crypto space. We are just as excited as all of you.
Clearly the markets have responded very well to CHIF's new direction. Be sure to check this Twitter handle frequently, as we will be making material update right here and of course, we will issue many press releases to keep the world informed about our great company.
From the time we announced that CHIF was entering the crypto sector, we were hard at work on our first acquisition and we should be able to give you an update on that early next week. It should be even a more exciting week than this week.
Those ingredients, plus a 24/7 work ethic by the entire CHIF team, will be a great benefit for all of our shareholders and will certainly help enhance shareholder value.
Of course, it also doesn't hurt that CHIF only has a float of 2.5 million shares and of course, a pledge from management of NO REVERSE SPLIT.
Good Morning TNMD
Good Morning CHIF
NEW SHAREHOLDER FOLLOWING NOW, READ DD_DEMPSEY AND FRONTLOADING POST....
THIS CONFIRMS WITH CERTAINTY THAT THE REINSTATMEMENT WILL HAPPEN AS THE LAWYER SAID 99.9% CHANCE, SO NOW WITH FRONTLOADING GREAT DD ON THIS HISTORY, THIS WILL DEFINITELY HAPPEN AND WITH DD_DEMPSEY GREAT DD ABOUT THE MINING COMPANY ALREADY IN PRODUCTION AND NWGC WILL DO A REVERSE MERGE INTO IT.
Great DD ...thank you
Yes I agree now that all reliable ppl on board confirming this like DD...Been following him for awhile and I trust him, no need to contact lawyer imo
No don't have any BIO on him but we did contact his lawyers who transferred us to him via email and he has a big stack in this as he is a shareholder and he is going to reinstate this and appoint himself as CEO/Director and reverse merge this to his mining company.
That is why now everything you said make it why his lawyers stated 99.9% he will get it reinstated and him to be CEO/Director.
This is funny...lol...I LOVE IT BRO...this is a win win...:) thanks for the confident boaster!
THIS IS NOW A FOR SURE REINSTATEMENT FOR MARK MILLER TO BE CEO, NO WONDER HIS LAWYERS SAID TO HIM 99.9% HE WILL WIN...
Follow us on STOCKTWITS
https://stocktwits.com/symbol/CHIF
All I have to say is AMAZING and thorough DD, I wish I thought of investigating this as you have done a FANTASTIC JOB....this reassures me and other shareholders that MARK MILLER will reinstate NWGC and be the NEW CEO/Director because there will be no one to contest to it.
Wow that is amazing DD and great, so that means Mark Miller will be appointed CEO/Director of NWGC as the lawyer stated 99.9% chance it will, so it all make sense now, those old CEO are fugitives and they will never return or claim anything because they are wanted....
THANKS FOR THIS INFO, WOW nice job!
I don't think so, I truly believe Mark Miller has the majority outstanding shares, I am just thinking out loud...lol...to take this shells and be appointed shareholder, he might have majority, so imagine, if he got this at .0001 and lets say he bought 1 billion at .0001, this would be $100k so would probably be cheaper for him doing it this way and reinstating instead of buy a new shell plus all the headache...just my theory! what do you think guys?
Remember keep in mind there ONLY 1.6 billion in the float, in the last 11 days we traded about 1.1 billion at an average VWAP of .004.
I believe last time I spoke to Mark Miller he said he will not dilute...
I am so jealous, seriously I stepped out just for a tiny bit and my buddy called me but was too late, heard ppl got in at .0027...lucky buggers..guess some newbie sold on the market and didn't put a limit, man he must lost a lot of money and MM's were happy
I don't think we will see those levels, I think the float you will see a lot of ppl holding, because bought levels at average .04 imo as well I think Mark Miller who is also a shareholder who is reinstating to take over and reverse merge into his mining company, OWNS A WHOLE HECK OF THE SHARES...
As well from my research and what I am hearing, I believe a small group picked this up on Thursday to pump it and then sold off when it hit a penny, I really hate those pump and dumps and it needs to grow organically, so this group scared some shareholders out...
imo...
Yes the lawyer told him 99.9% chance he will be awarded this
please elaborate?
Scroll down on some of the posts, you will see an email communication between Mr. Miller who owns a mining company and what he plans to do with the Shell, also I have received a personal email.
The lawyer document you will see the lawyer email, first email send to them inquire about NWGC they will forward to Mark and you can communicate with him
A conversation with Mark Miller and also I read this somewhere..got to look for it
share your DD, if you think so
CHECK OUT POST 74687
$NWGC READ ALL THE DD GOOD BUY
AS WELL WHAT IS HOT, LOOK AT BIDEN INTENTION
"The U.S. Is Trying To Secure Rare Earth Elements For National Security. That Goes Beyond Simple Investment"
https://www.forbes.com/sites/erictegler/2021/02/26/the-us-is-trying-to-secure-rare-earth-elements-for-national-security-that-goes-beyond-simple-investment/?sh=2a2d33f95c53
$NWGC READ ALL THE DD GOOD BUY
AS WELL WHAT IS HOT, LOOK AT BIDEN INTENTION
"The U.S. Is Trying To Secure Rare Earth Elements For National Security. That Goes Beyond Simple Investment"
https://www.forbes.com/sites/erictegler/2021/02/26/the-us-is-trying-to-secure-rare-earth-elements-for-national-security-that-goes-beyond-simple-investment/?sh=2a2d33f95c53
Once this materialises the weak hand will kick themselves, the proof is in the court documents as well as communication with lawyers, lawyers assured Mr. Miller and are VERY confident 99.9% it will be reinstated to Mark Miller being the CEO of NWGC and will use this to reverse merge into his mining company, he will then file all required documents with the SEC and OTC. REMEMBER HE HAS LAWYERS GETTING THIS REINSTATED AT ANY COST!!
This is a GEM, and don't pay attention to any shorter's on the board because these shorter's want to buy at a lower price, because proof is there, always do your DD and not take shorter's advice as they don't have the proof to prove otherwise, court documents and lawyers disclosure is GOOD ENOUGH evidence. You can reach out to the lawyer by email he will forward your email to Mark Miller, how much proof is this, it is LEGIT.
As well keep in mind the dumpers got scared of the SEC cracking down, but Mark Miller assured that NWGC it is an alternative reporting standard company and SEC does not suspend the trading of such companies, as well documents from OTC to him states that he has until Jun 31, 2021, this is long time and GOOD, once the reinstatEment happens this month he will be appointed CEO he will get filing update to date right away with his lawyers.
Also another think is BIDEN new EXECUTIVE ORDER MAKES THIS TICKER VERY APPEALING. Look at the sticky Sammy_1 posted, the first post sticky
FYI also 11 day average with low float of over 2 billion approximate average of VWAP is about .004..imo
Beware of people trying to short this stock, funny how new people never seen them just come on and make ridiculous claims, why come on this board...hmmm cause they want in and want to put fear in ppl to get in on a lower price, really low life...these shareholders we don't want..we are a team and want shareholders lifting each other up...wow whats there intention only to assume this
That is AWESOME NEWS! thanks for this find Sammy
Yes, so once reinstatement and he gets appointed he will comply with all the SEC filing right away, so lawyers says 99.9% it will get reinstated. All based on information from lawyers so with this information I am confident, and he will do a reverse merger into his mining company. Exciting
I am just comparing what happened to AABB and BMIX...definitely would be a life changer :)
Well said, I think we are okay and no worries on my end, keeping my shares...truly believe once reinstatement we will see this .10 cents or even .20