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Friday, January 03, 2020 1:04:35 PM
FTWS has a "stop sign" against it's ticker.
Merger? How?
A merger is not possible at this time. To merge a ticker, all parties must be current on OTC filings. FTWS has a "stop sign," they can't merge, and there's another problem, the float. As long as the ticker has the "stop sign," there's no way to accurately determine or trust the float. Why does that matter? First of all, no company will merge with a company with a "loose float," but there's another reason. Stay with me, I'm trying to help your portfolios grow.
But Oracle, look at the volume!
If all the shares have been bought, the stock would have already risen on simple supply and demand. For the last month, MMs have limited fills at 0002, successfully getting traders to bid up to 0004, now 0003. With such demand, after a month, why haven't they run out of shares to sell by now?
The naked float game
If FTWS is playing games with the float, (selling unreported or naked shares can make you a LOT of money) it's easy to do when you're not reporting it, so FTWS won't go current until they kill the stock low enough to cover any shares they've sold naked. Selling a lot of shares at 0003 keeps it close enough to cover when they kill it, if they ran it to 0010, then could never cover (too many people would hold, FTWS could get caught), so they'll sell at 0003, kill it at some point to cover if they have sold shares naked.
Not possible?
Don't think so? They got hundreds of traders to buy into "the jet" fantasy without actually owning it or any part of it or any jet. A used aircraft deal, Lido Aviation in Sarasota owns "the jet", not FTWS. Since no one else bought into the "jet share," they're looking for anyone who actually has a jet to legitimize the next pump, hence the CA "exec jet" partnering hype.
SEC
The SEC does not pursue or investigate naked short cases as long as they are covered in a reasonable amount of time, which is why I would expect a kill on the stock in the near future. If they sold naked shares, once they cover, they can pump again, or merge. If the suddenly become current on filings, it tells you they've covered.
FTWS Volume
The large volumes indicate dilution, not demand. FTWS is more than likely slowly working shares into the active float, real or naked, careful not to let the price drop, so the party can continue at 0003-4, smart business, a less than detectable dilution. Then kill to cover, as with most big shorts, if they need to, that's why to beware, because the kill will be the next buy opportunity.
Summary
Not trying to be a downer, because they WILL pump it again, these guys are good at it and helped me make a lot of money. They'll ride it again. Just want traders to use their heads and play smart.
Happy New Trading Year!
-Oracle
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