The most hilarious claims here are that there is "retail" out there "SHORTING" an OTCQB company at $0.0011!!! Unreal! I'd like someone, ANYONE, to please post a Disclaimer or Procedure from one of any retail brokerage firms that gives STEP by STEP process for setting up a "retail" account that would allow someone (ANYONE) to "SHORT" an OTCQB at $0.0011! Please make sure you post; 1) Costs per trades, 2) Account Requirements (i.e. How much $$$$$ needs to be in the account), 3) Misc requirements, etc...
No folks, the ONLY people who would even consider "Shorting" PLSB down here is a trading desk working against an order(s) for a customer (i.e. BMAK on behalf of Old Main) in which shares have been promised to be delivered (i.e. The derivatives created from the Convertible Notes with NO FLOOR!)! If you're a trader (MM) at BMAK and Old Main keeps giving you orders to SELL shares EVERY DAY and you look at their deposits of shares plus the fact that they still have HUNDREDS OF MILLIONS of shares coming their way once further Notes are converted then you'll have NO FEAR sitting on the Offer and building a short position when your clients account is sold out of their long positions because you know this customer has a TON of PAPER (i.e. Shares) coming your way- at which point you're going buy his shares at LOWER and LOWER prices! Has ANYONE here ever worked at a trading desk with this type of institutional set up? Talk about telling others to "learn" the business! Geez
- SMH
