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Monday, November 01, 2021 6:53:22 PM
I've brought it to the attention of the Reddit $AMC $GME MEME Stock guys that look for short squeeze opportunities. MSTO has been shorted more shares than they have outstanding or authorized. I've calculated sales, buys, for last 2 years. Someone here posted it should be criminal to sell fictitious shares and dilute a company's share structure, I agree.
MM's have gotten away with this for years and have crushed many companies and caused many to fail. Raising $for companies on the otc is hard enough. MMs selling fictitious shares that don't exist and NEVER have to cover cause they just shuffle them around so the cover date changes ...
I believe this company is shorted over 2 billion shares. WallstreetBets and Reddit Army want to see a real squeeze, and they have the buying power to do it, they could purchase the entire float, demand delivery of their shares and watch the MMs trip over each other to acquire them.
if the floats locked?? up.
Good luck to the MMs.
see you at .25
REG SHO was supposed to stop this activity or at least make MNs be more responsible for their shorting practices..
But they still fill orders of stock they don't own dilute companies so bad they can't raise $ and if they can its toxic, and dilutes the company further.. and drives PPS lower and if and when the MMs do cover their short positions..They have crushed the companies share price, prevented the company from raising the funds they needed to execute their business plan.
The MMs just wait keep shuffling their short positions from one account to another so they never get called to cover..
Such a shame
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