Nexus Energy Services Inc (IBGR)

[redwagon]

It is not retail shorting. It is common everyday practice by MM’s creating volume by filling but orders without having to deliver or declare the number of shares. The practice was hampered about 15 years ago when the SEC made rules where NASDAQ and NYSE stocks have 3 days to buy the shares they sold or to declare their short positions. The OTC companies that are SEC reporting have 13 days to cover and declare short positions, while the MM’s won a lawsuit excluding OTC pinks from this rule. So they can sell shares to oblivion, and only get called out if the company becomes fully reporting to the SEC then they have 13 days to cover or declare, 3 if they go straight to the Nasdaq.