Interesting take from the REDDIT board that was sent to me by a poster there
Updated Naked Short Report (April 19th) and a Total Share Accounting For NAKD (This is not investment advice)
Data is current OTC data OTC daily volume April 19th, 2021
ATS volume = 3,832,589 Non ATS volume = 178,077,012
The total volume for one day April 19th = 181,909,601
This volume has to be counterfeit or naked shorts. Because none of the HF moving these shares actually owns any actual $NAKD shares.
Now in the last report we noted that they had to roll the shares every 6 days to avoid Failure To Deliver (FTD). Our original formula also accounted for buys and sells so we were dividing by two.
However Stefanie Kammerman, who has followed the dark pools for 26 years, and runs a youtube channel called “The Stock Whisperer”, says that all dark pool trades are singular, as the other end of all dark pool transactions are suckers. So I am not dividing by two for that reason.
But, if you want a conservative estimate divide the final number by two, however our current formula will be as follows.
Daily combined OTC Volume x 6 = Short Shares 181,909,601 x 6 = 1,091,457,606
Total = 1.09 billion dark pool short shares
To get the the total short shares you then need to add
dark pool + short volume on main market + recorded shorts = total short
This is shown in the following table along with a record of all other shares and warrants outstanding.
Main Market Shorts in the following table assumes a 50 percent short volume. The number is based on volume for 6 recent days in April, divided by 2 for buys and sells,
Currently 152 million of the institution's shares are tied up as offerings and can not be sold for 6 months - rule 144.
In Conclusion
The NAKD ARMY and Allies control 169 million shares or 26 percent of the entire company.
I like the stock, hold for tendies, also a big thank you to Nash who did a lot of work on the share count. OO
And do ANY REALLY WONDER why a COMPANY with 250 mill in cash and no DEBT now after getting rid of their CASH drain part of the company is being manipulated as hard as they are??????????????
I wonder what happens when they announce their potential buyout or merger company
I KNOW BETTER THAN TO ASK BUT WHERE THE HELL ARE THE REGULATORS ya KNOW the SEC??????? IMHO turning a BLIND EYE Cause one of their crony groups may possibly be ass deep in that DARK POOL, and they be called CITADEL
