Then there are the many posts last night about MM manipulation, short selling and naked short selling. MM's are not going to tie their funds up in a penny stock, when they make their money moving shares daily. The more shares they can move of all stocks the better for them. So they aren't gonna sit on a stock like Neom, and hold onto millions of shares just so the can drive the pps down, for someone elses benefit. They make money whether the stock goes up or down. Then the shorting and naked shorting. On the shorting issue, there aren't enough shares shorted to really have any impact on the pps. And considering the pps has been in decline for nearly a year, and the short sales during that time have not drastically increased we can put to bed that theory. Some might claim the short number is low because they are covering at lower prices. If that were true, and they were shorting and that drove the pps down, each time they started covering the pps would have went up to the same degree basically. Then comes the naked shorting. Under Reg SHO any company thats being naked shorted without the shares to cover has a mandatory time line to find those shares. When they find them and start covering the naked short it would reverse the direction of the pps. NASDAQ TRADER publishes a daily list of threshhold stocks who are not in compliance with the SHO rules.Of course some will say there are ways around these rules. And they are right, anything involving real people, there will be some crooks out there that dont consider the risks. And since we have all seen actual cases this gives the posters claims some credibility. But I dont think that a major MM will risk their business license to focus on 1 penny stock, day in and day out for almost a year just to drive the pps down for some investor, that wants that companies patents etc. NEOM is not on that list. Some have compared NEOM to MOBL. MOBL is on that list and is also marked by a YES in the column that represents they have to now cover those shares. Scroll down the page on this link and you will see last nights list.......
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OOT:
I am not going to spend my day trading blows with you brew. I posted what I posted last night as a courtesy to someone who is not aware of how a stock can be shorted, not as a conspiracy theory as to what was happening to NEOM. Your rebuttal spends so much time covering naked shorting (the illegal kind) that it makes the legal kind (shorting against the box) seem illegal too. I even posted a link to show the available statistics for the security. Anyone who read them should have noticed that institutional holdings was listed as 0 as well. That also seems kind of odd but it is what it is. Why post a link to the REG SHO list? NEOM could be shorted 85% legally and still not show up on that list. Admit that and move on. Stop trying to make anyone who mentions shorting a stock out to be a nut case. It happens every day, legally. It is a stratagy for trading and you are selling it like it is cattle mutilation. I know it can be shorted. I took my shares and put them up for sale last night just to see if it could be done. (Mock sale. I did not execute (BTW, I am long, not short on this one)) I also own a stock that has a float of 51 Million with over 23 Million sold short, (and they are not on your list you published) so don't tell me it doesn't happen. If there is money to be made off of shorting a stock, then people (especially hedge fund managers) will short it. It may not be the case on this one but it certainly can be done. Think for a minute what the monetary consequences would be if TS had sold his shares short at .21 before he issued the dump mandate. He would be up .17 on his short. That looks like 81% to me. Lastly, why insinuate that the MM's would have to have motive to sell a stock short. They are not the ones shorting the stock, the shareholders are. Your post resembles obfuscation more than it resembles education IMO.
Mods, if you feel compelled to delete this post, at least leave it up long enough for everyone to read it. TIA Oh, and congrats Sean.
J
