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Why do you keep avoiding the naked short positions? We all know from watching the last few weeks how aggressive they were on the naked short.
There is no shorting on grey sheets allowed so only way naked shorts can cover their positions is by panic sellers.
Here is the 12.63 break, another fun Friday in OCgN land.
Lol, you do realize it hit highs this AM, just a pullback in almost 2 million dollar volume in first 1.5 hr of trading.
Agree, I I just snagged a few here.
Some impatient players not willing too wait for filings to drop, could be any day now.
Moving strong, are these KLCm loading the boat here...
https://fintel.io/so/us/spzi
Why would it be halted if it just got reinstated?
Via custodianship..
Docket looks like trustee trying to recoup some funds, no objection from WuXI.. perhaps to pay back creditors ahead of merger. Guess we find out in coming weeks how this unfolds.
Short Interest up to 19%, they are playing with fire with EUA around the corner.
Where do you see this? Lots going on ahead of deadline, perhaps SeC finally looked into one of their own.
Perhaps this is what the trustee had to sort so Adeel can proceed.
https://www.inforuptcy.com/browse-filings/new-jersey-bankruptcy-court/2:19-bk-13273/bankruptcy-case-immune-pharmaceuticals-inc
Couldn’t resist, had to grab a lotto on the dip, don’t get type of this dollar volume if nothing brewing.
They still have very valuable mRNA patent, this will rebound. We know how easy it moves.
PAUL seems to have endless amount of shares.
That’s some big dollars rolling into a .00 play, wonder what’s brewing behind the scenes.
More confirmation this is the vaccine that will fight the variants which no other vaccine can claim.
Yeah we just have to wait it out. This could be a scam or not, I am a bit too trusting sometimes as I can’t fathom why people would want to scam when they can make the same coin in the markets with a little bit of effort.
We will just wait and see how this story unfolds.
So MMs not allowed to naked short to create liquidity, this loophole is so abused. SEC should make them disclose these numbers.
So how did they file the 8ks if they weren’t granted access. Let me guess they hacked it.
It’s not the posted short position, it’s the naked short position. We all know it’s crazy high here.
This is what drives me nuts about the SEC. They will not halt a play on first 3 or 4 PRs when naked short position is low, they seem to only step in after MMs get caught and us retail are heavily vested. Why don’t they ever halt any of the plays when first few PRs came months ago, or when trustees didn’t file years ago.
Retail see first 4 or 5 PRs go through and then start to feel comfortable as no suspensions or stop signs so over time they keep attacking as they see MMs getting reckless and abusing the liquidity loophole that allows them to to naked short without reporting. Then all these MMs get trapped and hire a team to start the fear mongering and start filing complaints to SEC on technicalities. As they file complaints, they increase their short positions. The SEc then after months or years of do nothing, then step in when naked short position is so high and bail out the reckless MM. There is no doubt a correlation beteeen naked shorts and these halts.
I have been rapped of 100s of thousands from SEc, I seen this over and over again. Sometimes SEC nab the crooks, sometimes it’s just to slow down the bull market in a sector and other times it’s just to bail out MMs as they just give generic reasoning that could be applied to 100 other tickers but target just a few.
Also hope many who are new to grey sheets know that their is no shorting on grey sheets. Only way shorts can cover their naked positions is if they can create panic sellers.
This is why you will see a lot of lies and fear mongering in hopes they don’t have to chase the ask up to cover.
This could be a nightmare for shorts with all that is unfolding.
That’s wrong, trustees gave them Edgar access to file the 8ks so nothing was done without their knowledge. Adeel still very adamant that these made up stories are all lies. Also has emails from SEC confirming no wrong doing on their end, just waiting for trustees to provide what SEc wants and SEc will grant them access to file.
Can you share their contact info?
All we need is to see EUA filed, then we know FDA has to give them green light. They have better data than all the other approved vaccines. News will trump any resistance levels.
Didn’t hear it but saw he mentioned it on CNN. Means it’s on their radar and will be in the mix of household names. Biden also said some new vaccines coming.
It’s just a matter of time, we all know this is the best vaccine of the bunch. 100% against severe covid, fights variants, phase 3 data says it all.
Stellar red to green finish. Looks like we are headed to new 52 week highs in coming weeks.
En route to double digits when they start dropping them.
This one looking good, nice red to green today. Should get exciting once filings drop.
Looks like it took a company update to remind me people we have some juicy results headed our way.
Fauci gave a nice boost and offering closes today so we should get PR tomorrow.
Anyone watching L2 here for month knows how much it was being manipulated, no doubt at all. They were on verge of being squeezed really hard but SeC had to bail out the reckless MMs. Rather then punish MMs for being reckless on the naked short, the crooked SeC rewards them.
Yeah they are saying they are still gonna go through with the merger. The naked shorts that went crying to the SEC to bail them out may get hit even harder if they pull this merger off.
Surprised we are still getting the MRNA cancer patent for pennies.
Looking good today, offering closes tommorrow, EUA filing news anyday now.
Well financed company with the pandemic saving vaccine data heading to FDA for the green light. All positive catalysts coming.
Big money just paid 10, they are not gonna let it drop to 5 lol. Nice try, gap filled, great phase 3 results in, EAU filing on way, company now well financed, FDA thumbs up en route...then Main stream media takes over and Bharat vaccine becomes a household name alongside the 4 inferior vaccines currently approved.
Congrats to those that held, I got spooked by Sec halts as they seem to steal my funds repeatedly for anything I hold longer than a month.
This ticker also was so heavily manipulated, did several test months ago and every time I put a bid, MM OtCx would jump it in milliseconds, same on the ask side, it would get jumped in milliseconds. Was interesting to see two MMs move on L2 every time I put in an order.
There is no doubt FDA will approve this, these prices will be missed once the green light comes. This offering also was tiny for a ticker that did 5 billion volume and traded over twice the entire OS
It’s only 10 million shares.
Yeah the timing was off but atleast it was at 10. Also dollar volume is 5 billion so relatively small in comparison. Good to get this out of the way ahead of EAU news, they will have to drop that news soon to keep people excited.