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Re: Investaholic33 post# 8854

Thursday, 05/01/2014 12:52:58 PM

Thursday, May 01, 2014 12:52:58 PM

Post# of 106837
Table of shorting?? And, that's supposed to mean what? WHO did the "shorting"??

All that says, is the OTCBB "network" had "short transactions" take place on it- it doesn't state by who? So what? What's the table supposed to infer? BHRT gets massively shorted- like that's a mystery? ASHER and similar are notorious for shorting companies, in which they hold "floorless" convertible shares- it's how they make more money.
https://www.sec.gov/answers/convertibles.htm

It's called a "ratchet" or death spiral among other names- it's one of the key things that's pushed this to sub 3 penny range, and even a dip to .0063 IMO.

Tell ya what- call up ANY, ANY "retail brokerage" one can name- just pick it: E-trade, Scott, TD, even "big houses" Morgan, Citi, any one you wanna pick.

Call um, and ask for "short inventory" and that you want to "short" a 3 cent stock.

Post back results please. (Hint: there will be laughter on other end of phone).

Penny stocks on the OTCBB or "pinks" don't even have "MM's" (market makers) contrary to the nonsense often stated. There are only "broker/dealers" using computer networks. So, no "house" like an E-trade or similar is holding "inventory" which is what must exist for a "short" to occur for a retail investor- as the "house", the brokerage is "loaning" one the stock.

Again, call any brokerage you want- any one. Guarantee you're not going to find a single one who will allow a short, typically on anything under $5 a share, and if they do, in rare cases on big, mega cap companies that have fallen below $5 (Citi, Nokia, for example) the short "restrictions" are going to be specifically listed and very strict. Anything at $1 or below- forget about it for a retail account, never gonna happen. Again, call anyone you want.

By contrast, just to make an ordinary "retail trade" on an OTCBB- as in just buying or selling, most "retail" houses like TD, or E-trade and similar put up numerous warnings and often restrictions to even buy and sell "penny stocks". Some don't even allow penny buying or selling, they simply don't deal in um at all, period.

Not even close. NO shorting by retail, Joe Schmoe, non "professional" , registered, investment firms with access direct, or in-house to "broker/dealers" on penny stocks. Not a chance.