Friday, September 18, 2015 1:17:14 AM
Pmcb goes by rule 4320 and not the Reg Sho because it's not a SEC reporting Co.
FINRA Rule 4320 defines threshold securities as any equity security of an issuer that is not an SEC reporting security and, for five consecutive settlement days, has:
aggregate fails to deliver at a registered clearing agency of 10,000 shares or more; AND
a reported last sale during normal market hours (9:30 a.m. to 4 p.m., ET) for the security on that settlement day that would value the aggregate fail to deliver position at $50,000 or more.
Pmcb hasn't been in the list since July therefore obviously there are very few fail to delivers/ "naked shorts".
http://www.otcmarkets.com/market-activity/reg-sho-otc
Moving on.
The actual Short interest that's reported bi weekly is only 167,685 shares as of Aug 31st.
Pmcb's shares outstanding(S/O) last reported 743.4m.
167,685 short is only .023% of the 743.4m S/O!
So we now can see short are not the problem here. There will be no short squeeze with 0.02% short. Think of the shorts here as a minnow in the ocean.
Hope that helps.
http://www.otcmarkets.com/stock/PMCB/short-sales
Recent PMCB News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/13/2024 08:37:40 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 07/29/2024 08:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:59:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:58:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:58:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/17/2024 08:58:35 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:05:04 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/30/2024 08:05:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/23/2024 08:40:20 PM
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