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Saturday, January 03, 2015 9:55:32 AM
NO, "Will Shorts be trapped and have to cover at higher PPS because $OCAT is continuing to be on track for Nasdaq Capital" up-listing eligibility after Jan 7, 2015 ??? "
1) Because there is little to no open short interest on an OTC stock such as OCAT. Almost ZERO short as a percentage of float, it's noise level. Thus, no mythological "shorts being trapped". Retail brokers don't carry short interest on OTC penny stocks, nor do they offer margin accounts to short OTC penny stocks, almost never. The only ones shorting this are pro trading desks, most likely the same people who finance it and also the hedge funds the underwriters may be working to sell this 10 million share offer. And IMO those pro desks don't hold their open short positions for long, they probably close them out almost daily, or at least weekly.
2) OCAT is not "on track " for uplisting as they DO NOT meet the minimum shareholder equity requirements of $4 million per the NASDAQ capital markets, which per their own statements is where they are "trying" to eventually list.
3) There is nothing "magical" or even relevant about the date of Jan 7th, 2015???
$4 million - $723,010 = $3,276,990 SHORT of $4 million needed
Until they "fix" that SHAREHOLDER EQUITY shortfall of approx. $3.2 MILLION dollars, they're not listing on the NASDAQ IMO. It does not meet the minimum requirements.
1) Because there is little to no open short interest on an OTC stock such as OCAT. Almost ZERO short as a percentage of float, it's noise level. Thus, no mythological "shorts being trapped". Retail brokers don't carry short interest on OTC penny stocks, nor do they offer margin accounts to short OTC penny stocks, almost never. The only ones shorting this are pro trading desks, most likely the same people who finance it and also the hedge funds the underwriters may be working to sell this 10 million share offer. And IMO those pro desks don't hold their open short positions for long, they probably close them out almost daily, or at least weekly.
2) OCAT is not "on track " for uplisting as they DO NOT meet the minimum shareholder equity requirements of $4 million per the NASDAQ capital markets, which per their own statements is where they are "trying" to eventually list.
3) There is nothing "magical" or even relevant about the date of Jan 7th, 2015???
$4 million - $723,010 = $3,276,990 SHORT of $4 million needed
Until they "fix" that SHAREHOLDER EQUITY shortfall of approx. $3.2 MILLION dollars, they're not listing on the NASDAQ IMO. It does not meet the minimum requirements.
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