is...retired
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The dividend increased the OS by 10%...
There are no shorts. but there are people who bought low and sell at profit. That's just how it works. Flippers are great - they only increase liquidity, and if it drops, they buy back in. They only thing they miss out on is runs, but not if they keep a core holding. I flip almost everything but always have a core in case something good happens.
Of course, the only reason I trade is to make money. Nothing wrong with making money while waiting for a stock to do something good.
Horse puckey. I've been in this stock for 2 years, and all it has ever done is tank, tank, and tank. I've lost over 60 grand on this stock. I still have a quarter billion shares, if it EVER recovers.
I doubt if NSAV will ever leave the pink sheets - too little actual happening, nothing mentioned has ever happened except the dividend, and that has a 2 year waiting period. Talk about bag holders...sheesh.
What I said is that no one has proven that they actually shorted a penny stock. Anyone can say they 'can', but until someone can show an actual order transaction, it did not happen.
You don't have to take my word for it - it is all in the rules for the SEC and your brokerage. It is the LAW, not an opinion.
So, go ahead and blame 'shorty' and 'mm's for your trading woes. We all know why people lose money on the pink sheets. And, by the way, I didn't say on the whole OTC. I said penny stocks, which stands.
From Investopedia:
Upsides and Downsides to OTC Stocks
One advantage to investing in pink sheet stocks is some of the quality names like those mentioned above pay dividends and would be very sound investments. Another advantage lies in their inexpensive prices. Some shares can be bought for less than $1.00.
In contrast, there are some downsides. Pink sheets stocks lack liquidity and are often thinly traded, which can make them volatile. The bid-ask spread is wide, and investors need to be patient and cautious when putting in any buy or sell order. In addition, despite some of the quality companies, many are worthless. Because pink sheets is not an exchange, but a quotation service, it is unregulated and can therefore result in scams or other potentially harmful investments. Minimal to no transparency or fundamental information is available for many of the stocks, while some are subject to various schemes. The pink sheets also disallow margins and short selling, which can be either positive or negative, depending on the investor's viewpoint. As a result of the aforementioned downsides, investors need to be cautious. (For related reading, see: How to Play the OTC Pink Stocks.)
There are no shorts on vrus or any other penny stock. Your brokerage will not complete a short sale for you. Go ahead, try it. No, never mind, we all know everyone talks about 'the shorts', but not one single person has ever proven that they have ever held a short position on a penny stock. The exception is MM's, but they usually cover nearly instantly, before the price can change.
I would not call the 10 M share sell a fat finger. No one would set up a trade like that and accidentally add too many zeros. What is most likely is that someone was in the green and wanted the money to buy something else, so they may have sold at market, which is exactly what would cause the price to dump.
The dividend was made from the only possible source - the treasury. Yes, the OS grew by 10%, but it was not dilution because we all gained more shares equally.
A share dividend is not dilution. Everyone had exactly the same percentage of the company that they had before the dividend. It was NOT a split, it was a gift. Free shares based on how much you owned on ex-dividend day in 2017.
If I had 1 million shares before, I would have 1.1 M after. I would own exactly the same percentage after as before. Dilution happens when shares are sold separately from the existing shareholders, because existing shareholders will own a lower percentage after the sale. The OS grows, but only one or more shareholders get the new shares.
The share dividend did not dilute anyone except those that bought shares after the ex-dividend date. Dilution means your percentage of the company is lowered. That didn't happen - we all got the same percentage.
Public companies set up with their primary MM's. Above pink sheets, companies are expected to have at least three mm's. When a broker stops selling a ticker, you can be assured that they were either requested to stop by the company/TA, or there is a legal issue that has to be dealt with.
I don't claim to know which it is, but Etrade has stopped selling this ticker for a real reason - and that reason is what you should be thinking about, rather than chastising those that point out the problem. We should shortly know what this was all about.
etrade is not an mm. They can't short anything. Learn how things work, for pete's sake...
Etrade has no explaining to do. They would only halt selling based on what the company has requested of them. It is VRUS that has the explaining to do. And, a filing is expected to explain what is changing.
That is not what I said. What I said was that etrade was probably requested to stop online buying temporarily. And that could be due to some corporate action. Whether etrade knows what's actually up is open for speculation, but there is SOME reason it is stopped, and I doubt very much that Etrade did it on their own. We will have to wait to see what is released by VRUS in the near future...
You guys are overreacting to etrade. First off etrade isn't a trader or an mm - they are a brokerage. So, no, they aren't short...
The most likely situation is that there is a material change coming to VRUS, and either VRUS or their TA may have asked etrade to stop online buying. That suggests to me that the OS is about to change.
So, instead of knocking etrade, it is best to see what vrus has in store for us. It is certainly going to be interesting.
Any shares in a sell order are fair game for MM's. There is nothing to 'lock up' anyway. Why do people think they have to put their shares up for sale simply to prevent someone from 'using' them? It is completely immaterial, as no one can 'buy' your shares anyway unless you have them for sale. Good grief!!
Just read what the judge said about it. He stated that hemp could not be on the label to be trademarked. JT should have remembered that China did the same thing, except they made him take the word off the label.
Generally when a brokerage stops online buying of a certain stock, there is some insider information passing between the company, the TA and the brokerage. Some financial transactions by a company modify a ticker symbol, such as placing a 'D' on the end of the usual ticker. Manual trading permits the brokerage to control what is happening better.
Each brokerage has their own set of rules for how they function.
The label is legal. It was the application for trademark that was refused, for the reason that the word 'hemp' was in the label and the patent office is a federal institution, and hemp is illegal federally...
So yes, the trademark was refused, and yes, the label for the beer is legal.
The AS increase was mandatory - but the shares are reserved for the loans they got. It remains to be seen if they pay back the loans or give out shares, but the AS had to be sufficient to legalize the loan.
Actually, in the Verus annual report, the debt is listed:
On July 26, 2018, the Company issued Auctus Fund, LLC (“Auctus”) a convertible note in the principal amount of $137,250 (the “Auctus Note 2”) with a $7,500 discount. The Auctus Note 2 accrues interest at a rate of 8% per annum and matures on April 18, 2019. Pursuant to the terms of the Auctus Note 2, the Company may prepay the principal amount of the note together with accrued interest at any time on or prior to January 22, 2019, subject to certain prepayment penalties. In addition, the outstanding principal and accrued interest of the Auctus Note 2 are convertible into shares of the Company’s common stock at a discount rate of 40% of the lowest trading price during the previous twenty-five trading day period ending on the latest complete trading day prior to the conversion date.
What we don't know is whether the Garlock loan was used to help pay this loan off...
You guys crack me up...now you have brokerages shorting penny stocks...pathetic.
The increase in AS is neither good nor bad news. It is a financial requirement to be able to provide shares to accommodate the new loans. Those loans are BACKED by shares of VRUS, so the shares HAVE to become available, meaning that they must be in the AS and must be reserved for the express purpose of accommodating the loans.
If VRUS is able to become profitable, those loans may not ever by paid back with shares. But, with such a short timeline, I would expect some dilution later this year. What is dilution? When the OS grows. Period. And I believe it will grow, but maybe not to the full extent of the AS...
Etrade neither buys nor sells shares. They are a brokerage, and use MM's for all transactions. So, Etrade deals with buyers and sellers, but not the actual transaction that MM's do. ALL trades go through MM's.
ETRF
G1 Execution Services LLC, was formerly the market making unit of E*Trade Financial Corporation. The firm was sold to Susquehanna International in 2013. The firm specializes in market making on all exchanges and facilitating trades for retail customers.
More about market makers:
Market Maker List
Etrade is a brokerage, not a dealer. All of etrades' orders are handed off to mm's. Speaking of genius... sheesh!
You don't lock up shares with sell orders. As soon as you have a sell order in, your shares are available to mm's. Or, even if they are NOT for sale, but in a margin account, MM's can use them. You guys need to learn how the market works, and use that to your advantage, instead of just blurting out shit that cannot even be true. It is not possible to 'lock up' shares except by keeping them in a cash account, and not for sale.
I have used etrade over 10 years. They have never refused any trade I wanted to make, and I've purchased, sold 25M at a time, in some cases.
Etrade cannot be short - they are not traders. Good grief folks, if you are going to make assertions, at least make them possible.
There are no shorts in pennyland, anyway, except the MM's.
That would be false. I bought mine through etrade...
Any price manipulation would be evidence of a human actually looking at a stock and making an attempt to force the share price to move one way or the other through buying or selling activity.
MM's don't care WHAT the price is, they only care that people are buying and selling.
If you suspect price manipulation, you should look to your fellow traders. THEY are the ones with the shares and the ones that stand to gain by forcing changes. MM's don't even 'own' shares - they are more like cashiers than traders, because they are the actual link to every trade made in the stock market.
I have 250M shares of a penny stock, and could force the price down at any given moment by selling some at market. It would instantly drop. My 'friend' might then buy at the new, lower price. There are trading groups that do just that.
Mm's are not 'trying to hold it back'. There are no human eyes on these penny stocks. It is all automated, and they don't care WHAT the share price does, as long as there are buyers and sellers. Their cut comes out of each transaction, so they simply don't care. They adjust their spread based on availability and demand. But they don't buy for themselves - they are not traders, they are brokers, and must follow broker rules. Every transaction is recorded for audit purposes, so anything nefarious about their activity can be tracked back to the very person under whom any given transaction took place. There is no place to hide.
Anyone who 'believes' that MM's are 'doing things' to penny stocks needs to learn how the market operates. No, there are no shareholders 'shorting' penny stocks either. Another myth, except that Mm's do short as a matter of doing business, but they usually cover in microseconds, before the price can even adjust.
ONCI is not an SEC reporting company, so it won't use 10Q, etc. It files with the OTCMarkets using alternative reporting. Certain other things must be filed with the SEC, but not fins.
I'm surprised it is current with no attorney letter...it should be at Yield - and probably will be if the letter isn't filed shortly.
The yield sign will remain until the 2018 annual fins attorney letter shows up.
No, the MM's are not traders, they are brokers. It is illegal for them to buy and sell on the open market. ALL of the money they make is in completing the sale between buyers and sellers and collecting their 'spread', or 'fee' for doing so. MM's don't care WHAT the share price does - it makes no difference to them.
Oh, yeah, the short report...
We, as traders, cannot short penny stocks. All it takes is one person showing such a trade to prove me wrong. But that does not happen.
So, who can short? Well, duh, the MM's, the ones that have to facilitate every single trade we do. If they can't find shares, they can short to get them, and they do. IF they don't cover by end of day, it goes into the short report. That is reported twice monthly to SEC.
It is through mm hands (computers) through which every single share passes, and they get their cut on the trade, not on 'going long' on a pink sheet. They don't care WHAT a price does, because they work on tiny wiggles of share price that we don't even see. They work at one decimal deeper than we see.
Need I even explain? They are the gatekeepers of every public (common) share traded. Every single sale makes them a commission. No different than your broker charging you $5 to make a trade, the mm's charge the brokerages. That is why no mm cares a whit about what a company's share price it.
Sorry, foreign brokers trading in public US stocks must still follow SEC rules. There is not shorting of penny stocks, period. It is a myth, although one that many believe.
If even ONE person reading this can provide proof that you are shorting any penny stock, please enlighten us with a link to it, a copy of it, anything. No one has ever met that simply proof yet. If it's so common, why can't anyone prove they are doing it, or have done it on any of these stocks? Because they are not shorting penny stocks.
4. Stocks That Can’t Be Traded By TDA
You can short sell just about any stocks through TD Ameritrade except for penny stocks. In other words, if you’re trading OTCBB stocks or the pink sheets, you won’t be able to short.
No, no one shorts penny stocks. There is a valid reason - it costs too much. And you wouldn't short a volatile penny stock even if you could.
What I meant about calling your broker is to ASK THEM TO DO IT FOR YOU. They will not do it. They you will realize what most traders already know - you don't short penny stocks, for a VERY good reason...
No one shorts penny stocks. Go ahead, call your broker and ask...
Actually, the 'short position' occurs on many transactions. But the time to cover can be measured in nanoseconds or microseconds. But yes, meaningless...
First of all, every trade an MM completes is recorded forever. So, there is always an audit trail. MM's don't 'make a market' when there is active trading going on, so no, they don't 'stock up' on anything.
Secondly, MM's don't care WHAT the stock price does. ALL they care about is that people are buying and selling, and they get their spread on each transaction.
Thirdly, the MM market is automated. There is no one looking at penny stocks and trying to eke out a few dollars by manipulating the price. The MM's absolutely do not care what any stock does, and they CERTAINLY don't screw around with penny stocks and what little they can make of those sales.
Everyone treats MM's like ordinary traders. They are not. They are brokers, and can not 'trade' as we do. They don't buy up stocks of a company and sit on them, only to let them out later. That would all be recorded, would be illegal, and if an MM employee were ever caught at it, they would be fired. Illegal acts by employees are the BANE of MM's, as one rogue can bring down their whole company...
So, no, they don't buy and sell to each other except when the market is illiquid. The audit trail would always be there to convict them if analyzed.
If you want to know who manipulates the market, look to the whales, who DO set up buys and sells JUST to move the market.