researching
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It all depends on settlement. A lot of trades are T+0 since they're settled from one customer account to another within the same brokerage. The trade is reported but settlement is immediate (you sell from your e-trade account and the buyer has an e-trade account) so it's not short. If you sell from your e-trade account and I buy from my Scottrade account, settlement need to take place (T+3) and your sell is marked as short. It's a bit complicated.
You too. Have a good one.
Shorting has different definitions and is confused often. Unfortunately, some people have used that to keep less knowledgeable people from making better decisions. I hate reading posts about "shorts are going to get burned, etc". Whatever. It's an exhausting subject and most people will just believe the company and promoters.
I've done the one finger thing too and know what you mean!
That's another myth. Those daily short reports are meaningless. Every share sold is marked short as it hasn't settled. The monthly reports tell a more accurate story and I checked. No shares short.
I was saying in general. There's no shorting, naked or otherwise, happening here. If Weber starts pulling the NSS card then everyone should run because this is nearing it's end.
The reality is NSS is an excuse for share prices going down as companies, promoters, financiers and friends dump huge amounts of shares while convincing others to hold or buy more as the imminent short squeeze will reap much bigger rewards than the losses they're currently encountering. It's all a crock.
Just wish I knew what it is that has made him so happy :)
Yes, MM's do that to provide liquidity. The problem was failures to deliver and that's almost gone away. Last I checked there were only a handful of stocks on the list. MM's don't hold inventory in penny stocks so not sure who would be buying what. On stocks that aren't on a market (otc is just a quote service), MM's simply fill orders between two parties.
They wouldn't be OBO's if they're willing to give out their names and addresses. Yes, he doesn't need anything other the the OBO/NOBO. Pinksheet CEO's just like to hype it up by asking for ownership information and people that own the stock suck it all up. Already there's people trying to email their private information to them without question. Next he'll ask for real name vs ihub alias too.
There's no real naked shorting. It's a penny stock myth. There's no shorting either.
TA has share counts. I'm not an idiot. I know what the OBO and NOBO's contain. What he wrote made it sound like he wanted details on the share counts and he has that. Now if he wants to know who owns what, well it's still a guess since OBO's aren't going to supply that info. If there's a large number of OBO's then it's all a moot point. Why is he asking for it? Because every stinky pinky does the same to give the impression that a worthless dividend is a good thing.
Yeah, I know all of this. Most shares are held in street name - hence CEDE and Company. That's not my point. He's asking for share counts. They're not approximate according to the transfer agent. Who cares if 1 Billion shares are made up of 1000 shareholders or 1 shareholder. He wants to know how many each individual owns. For what? And how about the OBO's where he can't get any info?
How amy I way off?
It is important to us that we have an approximation of ownership in the Company.
If you ran the company, wouldn't you want a master list of stores? They've been saying that for years and never have followed through. The stores we know of are from distributors that are distributing to a specific chain. Most other beverage companies maintain store finders on their web sites, even the small companies. Wouldn't the company want to let people know where to find it? I use store finders all the time.
They could report on a distributor doubling distribution without revealing details. Or they could get a list of establishments carrying the product so consumers can find it. But they never have so everyone is left wondering where it is and if it's really popular or not. All you have is unaudited financials from a non-sec reporting company. And the financials are incomplete and a mess so you have no idea the true financial shape the company is in.
None of that is a follow up. I meant that whatever's pr'd is never heard about again. At the very minimum they could contact distributors and find out how the product's selling and pr the results. You would think that a company would be in contact with it's distributors to get reports. But after a distributor's announced, it's never heard from again.
told him to take a hike
the issue was quietly swept under the rug.
The CEO doesn't even know what DTCC stands for. This will continue to be chilled, especially with their connection with criminals and Fairhills Capital.
Or it'll continue to be the hyped diluted POS that it's always been. Gee, a half penny pinky crap stock or a huge company...hmm.
The funny part is how many reviews have been posted since. What a bunch of dopes.
After the PR value's gone, they don't follow through. Same with the football player's charity and just about everything Weber's ever done.
Get a paid subscription and search through the posts during that time.
That was a paid promo photo. How's it working out in all the Duane Reades? Oh, that's right, Koma can't be bought there either.
No one's trying to knock anything down. Then there's some that say message board posts are meaningless on the price. What is it? For me, it's sticking a fork in the road against dishonest management and share selling scams.
Sure they were. They were orchestrated right here. Check the dates, lol.
At that time, perhaps they had no stores to ship it to.
I like it when people drive the price down so I can pick more actually but I never post to help them drive the price down. I like my integrity.
Sort of like the fake reviews on Amazon.com from shareholders?
You should check the historical pr's. They were supposedly distributing to thousands of stores many distributors since 2009. The company didn't start up on the Walmart pump and dump.
If the pps goes down further; so be it.
It's still all below a cent. 1 penny. lol
People will try and find anything and everything to try and discredit.
Nice! Good to see. The other shoe will drop.
One of BBDA's financiers now raided by the FBI, lol
http://www.hfalert.com/headlines.php?hid=159846
I hope they keep digging. Who knows what they'll find and what could happen to all the stinky pinkies that did deals with them knowing the deals were shady.
Those are shareholders trying to help. No last names and anonymous domain registration.
LOL. Looks like the "big seller" keeps getting liquidated from those that have held it long enough and want to just get rid of it.
Many are asked. They're trying to line up free help to charge others and make a profit. They have sales people that go around calling trying to get these put together. If you saw the presentation he put on in London, it was laughable. High regard? I bet no one there had ever heard of him.