NanoTech Entertainment Inc (NTEK)

[Skitradr]

Those numbers aren't actually short sales, call FINRA and they will tell you what those short numbers mean. THERE ARE NO RETAIL SHORTS in PENNY STOCKS...ask your broker. Here's why, for stock under $3.00 E*trade requires $2.50 margin for every share shorted (am sure other brokers have similar rules). So if you wanted to short 100,000 shares of NTEK at .027 (giving you a MAXIMUM $2,700) and they let you, you would need to put up $250,000 cash or marginable securities. One would have to be nuts to do that even if they allowed shorting OTC stocks. And that $250,000 would be frozen until the short was covered..............

Just another HUGE red flag to watch for when folks start posting short numbers on penny stocks....


NTEK.......GET SCAMM