Difference is new regs.
Prior to July, stocks such as SMMW who have been naked shorted could only rely on sites such as Buyins.net to try and make aware bs shorting.
Now that the new regs are in place, naked shorters have to come clean on shares or face fraud charges. It was not a coincidence that SMMW hired Donnelly Assoc. right after the regs were put in place in July.
This co. is not cheap to hire and like PAIM/PAIV, SMMW is looking to go after the naked shorts. By announcing back in June the short amount, SMMW was just letting shareholders and public know what's up. Squeeze trigger price is critical in determining where a trader wants to buy, and how long depending on O/S it will take to weed out the naked shorts, thus creating a pps increase.
As I have stated before, PAIM/PAIV sat at .0001 for weeks with smart traders accumulating, then once a buyback was announced, and new regs were pending for disclosure, naked shorts had to buy at any price to cover and return shares. All of a sudden on IHUB boards these stocks were the talk of the town, creating even more momentum.
The 90% buyback on PAIM squeezed the hell out of naked shorts just at the time the new regs came into play. That's why pps went from .0001 for weeks to .0009 in days. Without the new regs of disclosure and possible fraud charges, PAIM's PR about buyback and squeeze trigger price would have just been another PR. Its the timing that counts.
Traders who want immediate 9X bagger with SMMW have got to be patient because it takes time to buy up real shares, which is what SMMW is doing. Right after hiring Donnelly, a PR was announced that co. would be buying 20% of O/S minimum, with more to come. With the large O/S count, it takes a short while to buy up enough shares to hit the pivotal point when naked shorts can no longer gather shares needed, and pps begins to rise. DUH!~
GLTY/ Not a buy or sell recommendation.
