The mythical short nonsense is so humorous.
The march goes on in unqualified assertions of a massive naked naked short in PYCT, and yet no hard proof is ever provided. Instead all that is given is some hand waving, statements of potential loopholes, and articles that indicate shorting is possible and some methods that may be used to lower stock prices. But, never anything specific to show a real short in PYCT.
To counter the mythical massive naked short story, various factual items specifically pertaining to PYCT are repeatedly brought up. Not generalities of loopholes and how shorting can exist. Items such as the bi-weekly FTD report tracking the PYCT short share status (the report showed a negligible short back in 2010, which was subsequently cleared up, and now shows NO short existing in PYCT), as well as the previous corporate events of the PayChest company name change and the WPMLF dividend payout. If a short truly existed these two events would have shown significant PYCT share and dividend buying activity to the tune of tens of billions if some were to be believed, but none occurred. These items clearly demonstrate NO massive short really exists in PayChest.
Of course, there is other anecdotal evidence of no existing short in PYCT. Notice that there was no hint of a short squeeze occurring when PayChest PRd their blockbuster news about commencing production, the $1.2M purchase order, the PYCT share buybacks, the world-wide marketing and sales force, etc., etc..
Nope, instead, what was observed was exceptionally high volume days around the news releases, but a share price that basically pegged around $0.0001, with only some limited (miniscule) buying at $0.0002/$0.0003. Within a day or two the share price was back to its signature status of NO-BID and $0.0001.
What was seen at these times was indicative of massive selling. Selling that would be easily explained as being done by insiders/funders. These same folks that have been converting preferred shares and notes into common shares, and dumping them as the market will bear and for what they can get, even if it's UNDER $0.0001. Toxic financing arrangements enable them to convert and sell shares at under market values, a sweet heart deal for sure. How else can they be converting into so many billions of shares and yet never appear on the Beneficial Shareholders listing in the PayChest financial reports if it weren't for their aggressive selling?
Searching and discussing a mythical massive naked short in PYCT is only a distraction meant to clown folks around and keep them entertained. Massive naked shorts don't exist in PYCT per the corporate events mentioned above, coupled with the anecdotal evidence of nothing of consequence happening around their blockbuster PRs. Of course, this nonsensical talk of shorts might entice a few naive investors to buy current underwater shares that have been stuck for years.
Anyway, another day in the land of PayChest.
