Paychest Inc (PYCT)

[adanac]

trum says "There are no FTDs registering for pyct. This means that all the trades
that are made with pyct are 100% MATCHED. Irrespective of what is claimed about trades that are not matched at the 30 second point of a trade…. The trade actually does get settled, and according to the Official SEC report, it is matched and not short. Trades have 3 days... don't fall the silly postings about a short is a short if it shows up one day... it has 3 days to settle...only after the 3 days is it registered as a true short."


" according to the Official SEC report, (for Oct 2015) it is (NOT) matched and (THEREFORE) short"

THE BI-MONTHLY SHORT REPORT

OCT 15/15====1,914,709
OCT 31/15======20,200

Q - Are those "FTDs registered for pyct back in Oct / 15"

trum says "Further evidence of a short is that some believe that pyct will surely fail and despite the high costs to short a sub penny it may still be profitable to short pyct until it goes out of business"

October Breakdown====79,695,118
003 @ .00001 FOR======2,800,000===VALUE========$28.00
003 @ .00009 FOR======7,275,000===VALUE=======$720.99
033 @ .0001 FOR======69,620,118===VALUE=====$6,962.00


Q - what is the "high costs to short" when the most they could have shorted the stock for was $191.47 (what they got) and to BUY BACK (cover) would have cost them(at least) $18.95. For a PROFIT of $172.52. I've heard Margin Requirements as high as $2.50/share, which would mean $4,786,772.50 in order to make that $172.52 (that doesn't subtract the 2 commissions).

Even a Margin of 1 cent/share would mean putting up $19,147.09 (max profit still $172.52) --- unless pyct went under and they wouldn't have to "covered".