TheDirectory.com, Inc. (SEEK)

[Carini]

For anyone who still believes that otcshortreport.com provides meaningful data showing how many "shorts" are short-selling a sub-penny stock (or who use such reports to support a claim that posters being critical of a stock for its repeated failures are actually "shorts" trying to cover at a lower price...), please explain:

Mar 23 49.53% 0.00 0.00 0.00 81,240,209 164,026,799
Mar 20 51.12% 0.00 0.00 0.00 43,255,000 84,620,000
Mar 19 69.95% 0.00 0.00 0.00 16,730,300 23,917,700
Mar 18 96.68% 0.00 0.00 0.00 22,099,999 22,859,998

Those are the "short volume" numbers for the past 4 trading sessions of SEEK. (http://otcshortreport.com/index.php?index=seek&action=view#.VRF7LPnF9IY)

All of those trades took place at .0001

Can someone please explain to me why someone would be shorting hundreds of millions of shares of SEEK at .0001??? How are these supposed shorts going to "cover" below .0001 by scaring retail investors and/or longs into selling? They can't sell, as there's no bid!

If nothing else, SEEK's current status provides good, hard evidence that otcshortreports are complete BS insofar as they claim to show short-selling activity on a stock. Good lesson for when you see people posting those reports on other tickers...