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Re: Peacefulwendy post# 40670

Friday, 09/18/2015 1:17:14 AM

Friday, September 18, 2015 1:17:14 AM

Post# of 144823
Sorry, ran out of posts earlier. Now for your question about "naked shorts".
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

Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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