ProText Mobility Inc (TXTM)

[andrius]

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.