NanoTech Entertainment Inc (NTEK)

[bbjones12]

FINRA says "short sales" interpretations are wrong...

Following a significant amount of complete and total misuse of short sale volume data by various parties across the internet in order to justify dying penny scams, FINRA issued a formal, final notice to avoid those unaware from drawing what FINRA considers "inaccurate conclusions" being made by people using the daily file data.

This formal notice has been brought to investors attention many times previously, but here is again in case anyone has yet to actually read it. This is current as of May 2019:

https://www.finra.org/rules-guidance/notices/information-notice-051019

If anyone remains confused, please contact Yvonne Huber at FINRA, who will explain it all to anyone in plain English. Yvonne is the VP of the regulation department and her direct number is [phone].

To further illustrate the fantasy involved in implying that the daily reported numbers actually equate to short interest in NTEK, not only does FINRA state that this implication is wholly inaccurate, but anyone following along can also clearly see that there are no significant failures to deliver whatsoever with NTEK.

Finally, to put a period on the sentence outlining the utter stupidity of attempting to trick the naive into believing those daily short conspiracy theories, let's just look at today:

151,243 shares of NTEK were traded, or roughly $3,000 in terms of dollar amount. Of that number, 150,000 shares were already accounted for by a self-proclaimed long who said - on record - he or she had bought that amount of shares today.

If 150,000 shares were bought by a long, how on any planet in our solar system does it make sense to anyone that 99.6% of today's trades were "short sales?"

The short interest is reported bi-monthly. It is reported by FINRA and listed on the OTC. As of a month ago, FINRA reported a whopping 756 shares as short on NTEK.

But at this point, it hardly matters, as the only thing left is the SEC fines against the criminal Foley & Co followed by the criminal charges from the DOJ.