VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Ryantacular]

I didn't notice it until Just now. Appreciate that.

Ps. Credit suisse even basically admits their phantoms in the prospectus.
http://app.velocitysharesetns.com/files/prospectus/PRICING_SUPPLEMENT_No__VLS_ETN-3_A21_long_form.PDF

Some notable quotes.

Additional ETNs of each series may be issued and sold from time to time through CSSU and one or more dealers at a price that is higher or lower than the stated principal
amount, based on the indicative value of the ETNs of such series at that time

We may from time to time purchase outstanding ETNs of any series in the open market or in other transactions, and we may use this pricing supplement together with the
accompanying prospectus supplement and prospectus in connection with resales of some or all of the purchased ETNs in the secondary market.

Also I've been taking screen shots almost daily for 2 months now of the ETN's outstanding from the UWTI page (http://www.velocitysharesetns.com/uwti)
(Today's is: ETNs Outstanding 250,200,607)
And the swings are mind blowing. shares disappearing and reappearing and at oddly perfect times.

They don't add up appropriately according to the volume with the "daily investor fee" explanation on page 4 of the prospectus.


There's just so much sketchiness


Also, I stay away from the OTC, as my broker charges ridiculous fee's for the otc market.