Fuzzy Panda was certainly a short on TRTC. I have little doubt industry motivated sabotage similar to the Norman and Anson Funds debacle may still be actively employing board members now.
The OTC penny market is not monitored by the SEC anywhere as closely as the major boards and these days thanks to a greedy ole party, it's even much less on the big boards than it should be.
The OTC is really not an exchange at all. It's a collection of stocks with varying levels of risks and reporting requirements. The sole purpose of the OTC is to make money - not to regulate.
The OTC hates to drop stocks off the list and gives failing companies enough room to self immolate in most cases.
The OTC will trade an empty shell and these OTC penny pros know it. They are the Pump and Dump folks - not the CEO's. These folks take worthless stocks with no assets and make elaborate cocoons of convoluted information to sucker in people looking for a big return with a small investment. They have no shame and practice no ethics.
Naked shorting is still active in the penny's and it is illegal contrary to what some folks say.
By John Olagues
Updated Jun 25, 2019
The basic form of short selling is selling stock that you borrow from an owner and do not own yourself. In essence, you deliver the borrowed shares. Another form is to sell stock that you do not own and are not borrowing from someone. Here you owe the shorted shares to the buyer but "fail to deliver." This form is called naked short selling.
Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. Ordinarily, traders must borrow a stock, or determine that it can be borrowed, before they sell it short. Due to various loopholes in the rules, and discrepancies between paper and electronic trading systems, naked shorting continues to happen.
