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Alias Born | 05/19/2015 |
Sunday, February 24, 2019 7:26:28 AM
What we need is another real big volume day. If we look at GCAN's trading history the biggest volume day so far was a little over 10 million shares and every time it gets about 2 million or better in volume it has jumped over 100% even with MM's naked shorting over half that volume.
There are several sites to keep up with the GCAN daily Naked shorts:
https://www.volumebot.com/?s=gcan
https://www.otcshortreport.com/company/GCAN
Yep! We Know GCAN is a legitimate company That's why it can't be killed by the MM's who try to destroy it for profit.
Fortunately MM's can't get enough Real shares to hurt GCAN to bad because the Dream Team owns 94% of GCAN's Authorized shares or MM's are Scared Finra is going to catch them passing the short Buck amongst each other as they bend and break the Rules and Fine them again....because GCAN is holding up well under a daily barrage of Naked shorting to the Tune of about a 50% average. What are these shorts going to do when the GCAN ICAN deal is finalized. The Dream Team has already got the Financing to start production and without diluting the shareholders. GCAN and ICAN Can and Will.
The MM's are the only ones that are allowed to Naked short legally and suppose to only have 21 days to cover but they have learned how to bend and break the Rules by passing the short Buck on to the next MM.
There must be a lot of money in bending and breaking there special privilege Naked shorting rules because even hefty
Fines don't seem to stop them:
Here are a few of the many googled Finra Naked Short Fines that proves MM's abuse there naked shorting privileges to make a market:
https://theintercept.com/2016/12/15/whistleblower-vindicated-massive-trading-firm-knight-capital-charged-with-abusing-naked-shorts/
https://www.wsj.com/articles/interactive-brokers-fined-5-5-million-for-naked-short-selling-violations-1534797834
https://www.law360.com/articles/590570/finra-fines-merrill-lynch-6m-over-short-sale-violations
https://finance.yahoo.com/news/south-korea-fines-goldman-sachs-071616308.html
Recent GCAN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 12:58:24 PM
- Form PRER14C - Information statements • Edgar (US Regulatory) • 02/26/2024 09:09:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 08:37:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2023 04:03:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 10:11:59 AM
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