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Re: retiredtech post# 35471

Tuesday, 03/28/2017 8:21:16 AM

Tuesday, March 28, 2017 8:21:16 AM

Post# of 94850
For OTCs and pinks IB requires $2.50 per share in cash collateral to be able to short cheap pennies. Who in their right mind would spend $14,250,000 to short $9,690 worth of stock? Even if this went to 0 the profit would be way less than 1/10th of 1%. No sane person would be putting up millions to make $100.

I watched the action yesterday and BMIC and VNDM were dumping huge. If you been around long enough you'd know those 2 MMs are not retail and usually sell new shares for companies. Obvious dilution going on here.