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Steve doesnt do anything directly, his broker performs the arbitrage, they sell to market orders at Bid and Ask, then collect fees in offset transactions below Bid or in averaged net transactions. Not hard to understand, your bank does this every day for customers.
Can't legally issue a dividend in that state, they have no profits, no cash, nothing to pay such a dividend. But hey they have millions in debt.
The Transfer Agent already provides a verified share count including a validated DTC share count. There isnt another audit process, you have been provided an audited and verified share count from the TA.
Wrong, NSS is not a crime, perfectly legal when executed. What is illegal and transparent is abusive naked short selling, where a naked position is opened and not closed on settlement date with no locate and not in the process of making a market. That is illegal and can be seen in an FTD report and has in fact lead to prosecution due to persistent fails to deliver.
Wrong... the report does not adjudicate at the end of the day. As settlement is trade date plus 2 days, the report adjudicated after 2 days, thus you must refer to the FTD report. That shows open position at the end of the trading day.
You cannot record something that never occured, yet another made up claim.
That is false, naked shorts are failed positions that are adjudicated at settlement date electronically through an automated audit system. Pretty simple, credits and debits, when there isnt a balance of either you have an open and a failure to deliver. Its not a self reporting system for settlement, no shares delivered equals an open debit thus a failure and ends up in the electronically generated audit.
Transactions that occur between the Bid and the Ask, on Ihub when a trade happens at the Bid it is red if it is at the Ask it is green, if it is neither it is black.
Actually they do, that is how an MM is caught, there were FTDs and yet initial leg was not properly marked as required by Reg SHO. Its the obvious lack of understanding the differences of trade date and settlement date and the different reports and their functions of why the FTD reports captures all open transactions. There are zero here in GNCP.
The Transfer Agent already provided a verified share count, and once again not a single FTD. So no shares are short, not naked short and no abusive naked short. A fact!
Yet they don't exist in GNCP, there isnt a single FTD here, a FACT that cannot be disputed. Nobody cares about a CNBC pundit that is talking about the real exchanges.. this MARKET does not exhibit the same problems.
Know the difference.... exchange.... market... not the same thing.
Exactly, it is simply avoiding the obvious, no evidence of short selling. Pretty clear what it implies, no short interest, no naked short selling and no abusive naked short selling. No evidence of any type of short selling occurring in the stock.
No actually not, because if it was known it is only partial trade data it wouldn't be improperly presented as settlement adjudicated data.
That would be the FTD report and well no FTDs here.
Yet meaningless partial data, no FTDs no care....
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
The Transfer has already provided a share count, its a verified share count at the DTCC. There isnt more shares than what the TA has authorized. Prove the Transfwr Agent wrong...lol.. good luck!
The only criminals were those that promoted the stock for personal gain, maybe you should review the SEC Charges....lol...
Once again recommend actually reading SEC Reg SHO, pretty clear what the SEC states:
Where is the joke? Its a fact, NSS is not illegal, what is illegal is Abusive NSS as defined by the SEC. I highly recommend reading Reg SHO and understanding the difference.
Timing is everything, post it after the TA report is updated on OTC Markets so it doesn't draw attention...lol..
Lol.... its like a punch in the face, not only did they dump 3.9 Billion they added another 9 Billion to the AS.. ba ha ha ha ha ha ha ha ha
Shorties fault indeed...lol
Naked Short Selling isn't illegal and further more is not occurring here, we can all see no FTDs.
So not a shred of evidence as per the company, despite shareholder claims.
You have to an FTD, then that FTD aggregate must persist, only then can one claim potential Abusive Naked Short Selling is occurring in a security. GNCP has not a single share in FTD.
Abusive Naked Short Selling is illegal, know the difference.
What part of "I have not seen a shred of evidence" is not understood. He makes it clear from the companies perspective there isnt any evidence despite shareholder claims. Those claims are in fact baseless and lack support and rightly so.
No Short Interest and no FTDs.
Wow meaningless data, nobody cares about partial trade data improperly presented as NSS.
https://blog.otcmarkets.com/2018/11/13/understanding-short-sale-activity/
Yet talked about for decades and yet nothing, they cannot issue a dividend legally, so its hilarious it is talked about...lol... 13 year in this shell and $0 in business.....lol... but there is going to be a dividend... ba ha ha ha ha ha ha ha ha..
This statement is hilarious, GME experienced over 100% Short Interest for over a year peaking at 140% in November. GNCP short interest is non existent. GME experienced an aggregation of FTDs although no persistent failures, buy for.contrast GNCP has none.
The comparison of GNCP to GME or AMC is a complete failure, as GNCP has no Short Interest and or FTDs while GME and AMC had both, significant Short Interest.
Why? Short Volume is meaningless partial data, there are no FTDs here.
But what there is plenty of is Billions of shares being dumped into the market... lol... nothing like a 19 Billion Float on a 40 Billion pile of shit scam....lol....
But its shorts... ba ha ha ha ha ha ha ha ha ha ha....
Well there are 5 year olds that can write better and prepare finacials better than these idiots, math and numbers have never been their strong suit...lol
They tried an RS, but FINRA denied them, they did a name change, purchased a new CUSIP only to be denied the final by FINRA....lol... to be expected when they had a 30 Billion AS, not going to happen with 40 Billion.
You are kidding right? The end result is the shares were sold into the market as confirmed by their TA. The bullshit story of off market transactions are immediately debunked as the TA disclosed a DWAC transaction, that is only possible to the bearer of the certificate.
You do realize they were recently dumped after Pink Current and has been disclosed as of yesterday by the Transfer Agent the 3.9 Billion shares were dumped into the market.
Pretty recent and relevant data...
Lol
Dump dump dump dump...
Its called dumping shares, nothing more, they were sold to the market not some invester...lol.. held at DTCC are market shares. Just standard retail buyers...nothing more..
If theyvarevat the DTCC they are dumped, a FACT.
Better yet that they transparently disclose it right in front of them, my favorite is when someone claims Lumb is no longer here and yet disclosures say otherwise... you know... the ones Mr. Lumb prepares.... lol.. the irony.
Well no kidding, shares sold means someone purchased them. That is why there is no such thing as a Float Lock, people buy and sell and the Stephen Lumbs dump their newly minted shares again and again under Rule 144.
Dumped into the market as reported by the TA, 3.9 Billion additional shares...lol... ba ha ha ha ha ha ha