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Nobody falls for that short volume anymore except a few posters.
Heres a good read for you.
Short Sale Volume Reporting’s are deceiving.
I spoke to FINRA today and found out some very interesting things that until now I did not fully understand. I knew there was something wrong with this transparency of information but was not 100% sure what it was. I think I have my answer and it was enlightening.
I was first directed to the Notice to Members memo dated 9/29/2009
http://www.finra.org/Industry/Regulation/Notices/2009/P120045
The individual I spoke with wanted to make clear that to maintain proper trade volume reporting accuracy, a trade with multiple legs in the trade would only be reported once in the volume reports. The example given would be.
Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker. The key language in the FINRA notice is this:
Quote:
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The Daily Short Sale Volume File will provide daily access to the aggregate volume of short sales in NMS Stocks and OTC Equity Securities reported to a consolidated tape and traded over-the-counter during regular trading hours on each trading day.
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Consolidated tape is the open market where the transaction between seller and market maker is not done at the consolidated tape. That call this the media transaction.
Now for those wondering about Bona-Fide Market Making, I found out it can still be done but not electronically. The 15c-211 applies to electronic trade. Market Makers can continue to execute Bona-Fide Market making through phonic transactions but those sales made would be reported in the short interest reports bi-monthly and if not closed out will be reported as FTD’s in the system like any other trade failure.
Hope this helps at least clear up the high short interest volume reports seen. The reason the number is not 100% is because not all orders are routed thru independent market makers.
Since there is so much discussion and confusion on this I would request this be added as a sticky note since it clears up the confusions here.
Lol, now thats the most hilarious post ever on this board to date! The only way the pps gets to .05 is with a R/S.
No bid for 2 months sounds like a trap to me! A/S increase to 5 billion with massive dilution all the way down to .0001, no 10Q filed and booted down to the pinkies, expired loi with Kooltel, failed loi with BDS, what more is there to say!
90 mil volume and still the endless .0001's with no bid! We saw this surge in volume a few weeks back and nothing came out of it, just a repeat to bait and trap, tomorrow back to low volume trades, lol
Great post! Should be stickied! ASYI
You couldn't even give those ASYI shares away if you wanted to, nobody wants them. lol
To bad the "has been" r/m with mkhd is not with ASYI, lol
ASYI has no income what so ever so most likely taken partly care of through the massive dilution that has taken place here, though probably just put a small dent in the Massive debt, ASYI may have to raise the A/S again or R/S.
This question regarding the 8 mil debt should be answered and not evaded I have yet to see it answered by anyone??
No you didn't answer my question, the statement you made would suggest that the kooltel R/M is still a go because it was not terminated with an 8K, which would mean that there is no trianglar R/M with GCS and asyi!
You don't respond to questions because you don't know imo, you post over and over everyday nol's nol's, I've repeatedly asked you about the 8 mill debt with no response from you what so ever.
You missed my point or either evaded my question regarding the 8K announcing the termination of the loi.
No bid because of the increased A/S to 5 Bill follwed by massive dilution all the way down to .0001.
If thats the case then what about the Kooltel merger loi? lol ASYI
The only ones that are going to be Gold Gold Golden is ASYI if more newbies fall for that fantasy R/M again! ASYI can fire up the dilution machines again... if they do! ASYI may have to increase the A/S or R/S though!
What about the 8 million dollars of debt that ASYI has, what happens with that? tia ASYI
Yeah right! Volume and pps dropped fast to .0001 with no bid since this fantasy triple R/M was posted by a few posters here on the ASYI board! Nothing but a pipe dream with nothing what so ever backing up this claim.
Can you post a link to the 8K with the lol that says it is going to happen! tia ASYI
More like a huge blessing not having any ASYI shares! May see a R/S soon to get things rolling again with a new loi, ASYI
No having much luck though, ASYI
Please explain why the ASYI chart is looking good? It looks flat lined to me, no pulse! lol
Here's something to deal with! Sure love to post the 2Q for you after they raised the A/S to 5 Billion and dumped billions! lol ASYI
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8262650
As of November 17, 2011, there were 162,723,368 common shares, $0.001 par value per share, issued and outstanding.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8630548
As of May 21, 2012, there were 553,700,367 common shares, $0.001 par value per share, issued and outstanding
An 8K filed with new loi and R/S would be a smart thing to do on Beatty's behalf, then he can wash rinse and repeat, ASYI
ALL SPECULATION?? Every otc or pinky out there that has had billions of shares traded bringing the pps down to .0001 with no bid has been shown to be dilution when the 10Q's are filed, lol No different here with ASYI. Buyers Beware!!
What about the 8 Mill debt what happens with that? ASYI tia
And which R/M are you referring to? The Kooltel expired loi or the fantasy trianglar one, and what about the 8 million dollar debt, what happens with that? ASYI
That's easy, loi expired 7 weeks ago, no 10Q filed and down graded to the pinkies, A/S increased to 5 billion, massive dilution all the way down to .0001 with no bid, I'd say its a no brainer on who to believe! ASYI
Someone through $350 into the ASYI donation plate! lol
They sold billions of shares when ASYI filed the last 10Q from .018 all the way down to .0001
To sell more shares after filing the 8K with the new loi which expired 7 weeks ago why else would they have filed? ASYI
What merger?? ASYI
What DD?? Only thing here is an expired loi and a down grade to the pinks, any other DD is just made-up, what more is there to say! No filings no 8K, just massive dilution all the way down to .0001 with no bid for almost 2 months!! Shareholders are the only ones nervous here, lol ASYI
ASYI can't afford to file the 10Q, if they could of they would of, lol
Huge debt! Who in their right mind would want that, lol ASYI
And what exactly is going to cause this breakout? All I see with ASYI is 5 billion A/S with an expired loi and a pps of .0001 with no bid from dilution for almost 2 months now! tia
8 million dollars of debt and your telling me that ASYI didn't take advantage of the demand for shares when there was a demand! Yep, thats a good one! ASYI
Yes as soon as they release the Kraken then ASYI can get on with the dilution, and then the R/S! lol ASYI
Here, maybe this will help you see the massive dilution bringing the pps all the way down to .0001 with no bid, lol. ASYI
http://www.otcmarkets.com/stock/ASYI/chart
Who the shareholders?? And nervous about what, the fantasy triple reverse back flip R/M or the make believe shorting, or the the fact that daily volume has dropped since Aug 22, or the expired loi with Kooltel! lol ASYI
We know the A/S was raised to 5 Billion and shortly after the increase ASYI had started massively diluting with billions of shares sold brining the pps down to .0001 with no bid, it wouldn't be hard to figure out the O/S at around 4-5 billion, ASYI And no, it wasn't massively shorted!