News Focus
News Focus
Followers 8
Posts 874
Boards Moderated 0
Alias Born 05/17/2012

Re: Traderfan post# 95280

Monday, 09/28/2015 1:13:07 PM

Monday, September 28, 2015 1:13:07 PM

Post# of 163761
For a reason

There wont be a short attack on a chinese micro cap OTC stock, all that talk from one poster here is complete rubbish.

Why wont there be some of you ask? Most brokerage firms in the US DO NOT ALLOW SHORT SELLING the OTC, IB does and i haven't heard of any other brokerage allowing it and I've checked a few of them. Also, there are NO OPTIONS available, SO NO PUTS.

No lawsuits will also ever be filed against a chinese otc micro for the same reason JN didn't actually file a suit, there is no insurance cap worth anything to go after cause everyone has already found out through lawsuits against scams in china that you can get the insurance money and anything over it the company turns out the lights since you can't go after them in the PRC. a requirement to uplist to the big boards is more insurance coverage, with it being chinese i would require a minimum 10M since it's all a crapshoot given the number of proven scams that have blown up over the years.

I read posts about this impending short attack and lawsuit on SIAF and i roll my eyes.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today