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Here's a good read for you on short sale volume reports! ASYI
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:
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
There is no 8K what so ever stating this trianglar fantasy R/M other than a rumor posted by a few posters here on the ASYI board, this post is very misleading and should not be stickied. ASYI
thx friend I will drop in!
Board marked ya!
Thx friend 384 for you, GLTY
With good news we'll see how fast ASYI will move through the remainder of the A/S then we can look for an increase of the A/S or a R/S.
Done all the time with these diluting pigs, all they gotta do when the A/S is maxed is R/S or increase the A/S again, wash rinse and repeat! ASYI
It's just common sense nothing more, the A\S increased to 5 billion with billions of shares traded bringing pps down to .0001 with no bid is a no brainer, asyi is no different than the other diluting pigs out there, same song just a different ticker!
Probably got the money from the dilution of shares to pay for the filing of the 1st Q 10Q to remain on the OTC tier having everyone think that ASYI was going ahead with the merger and then start with massive dilution, which has so far has been done with billions of shares dumped into the market to date!
Out of all these stinky pinkys that have increased A/S and had massive dilution bringing pps down to .0001 with no bid and showing such when reported in the 10Q's filed, your saying ASYI is different lol good one! Those nol's are a dime a dozen, ASYI is not the only OTC or stinky pinky that has them! ASYI pps is the direct result of massive dilution nothing more!
Yep Make no mistake ASYI has real debt, millions! And dilution is the name of the game!!
Here's my post that he replyed to! Yep lol ASYI
I was posting about the one that wasn't filed obviously! ASYI
10Q hasn't been filed, so no one loaned ASYI money!
Lol Have you ever incorporated a company?? I would say you haven't because if you had you would of know that, Par value for ASYI is .001 and it means absolutly nothing as far as the pps is valued. ASYI has been and still is Massively Diluting. ASYI has increased the A/S to 5 billion and has diluted billions into the O/S and will continue to do so until they A) increase the A/S or B) R/S. ASYI has no income just a pile of debt that needs to be paid! ASYI couldn't even afford to pay to file the 10Q and have been kicked into pinky land. BUYER BEWARE![/b]
I remember back about 25 years ago when I was registering a new company, the law office handling the incorporation asked me what I wanted the par value at, I told him at the time the company had no income or assets what so ever, he said it didn't matter that I had to have a par value on the stock and I could pick any value I wanted, I put a par value at .01 per share. You my friend are giving out disinformation! ASYI
That means nothing, Par value stock has no relation to market value and, as a concept, is somewhat archaic. ASYI
Nice try but no 8K or news what so ever regarding a merger with GCS, just a few posters who dreamed up this trianglar three way double back forward reverse flip pipe dream fantasy merger, only fact so far is massive dilution from the 5 billion A/S increase that seems to be on hold because of the lack of interst in ASYI shares!
I'm also willing
LOL Thats about as low as one can get taking a mark back... pretty sad losers! Just lost another one a few minutes ago.
Here again for those interested in short volume reporting! ASYI
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:
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
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.
A/S increased to 5 billion with Billions of shares traded in a few months bringing the pps down to .0001 with no bid is nothing but "definitive evidence" of dillution, it just doesn't get any clearer than that! ASYI
It may just head north on Sept 31st with drop dead news coming on that date, lol ASYI
Yep, with that huge volume of 4.5 mil $450 today and no bid for weeks on end! ASYI
GTCP up 40% on 14000 volume! BM'ed
GTCP up 40% on low volume! BM'ed
will do!
GTCP up 40% today! BM'd ya!
GTCP up 40% today Low o/s
BM'd you!
Do you have a link to a 8K filed or PR released of this?? Didn't think so!!!
Just more disinformation!! ASYI
Sept 31st will never come! There is no sept 31!
What it does show is the complete story on the short volume reports. A/S was raised for one purpose and that was to pay debt and salarys. It was not for pipe dream financing! I've played other stocks and watched L2 manipulation and high shorting volumes bringing the pps down to .0001 and then when the 10Q's were filed they all showed the massive dilution that had taken place, most ended up either raising the A/S again or R/S'ing, some did neither and have been sitting at no bid for years. ASYI has been playing out the same way! Remember ASYI has no sourse of income other than selling shares to pay debt and thats a fact!
Nope ASYI doesn't even have that!! ASYI
Everyone knows the A/S is 5 bill the filing with the increase was posted many times on the ASYI board in the past 3 months!
I now know of 3 shareholders alone that hold close to 200 mil shares, you do the math! ASYI
It seems with all this massive dilution that ASYI board holds billions of shares, ASYI will soon be having a R/S or another A/S increase!!
ASYI BOARD HOLDING BILLIONS OF SHARES, WORTHLESS SHARES THAT IS! MASSIVE DILUTION NOT SHORTING!
So you admit its dead in the water, peeps are slowly realizing that and moving on, ASYI needs gatekeepers thats all!