Nexus Energy Services Inc (IBGR)

[redwagon]

Until we get SEC Reporting, nothing will be done about any of the manipulation and MM "Shorting." And for the record MM's don't short a stock, what they do is much more dangerous. On the OTC Pinks, there is no period to deliver shares that are promised. Essentially they are in a "Naked" position when they sell shares to create "liquidity" but do not match that with a buy from another shareholder. What is worse is that there is no limit to how many shares they can short. Since they know that like 98% of OTC Pink companies go out of business with worthless shares eventually, they have almost zeros risk long term. Even if a stock spikes, they just sell more shares at higher prices, Averaging Up, knowing that more than likely the shares will go back down, and it is more assured since they can flood the market with as many shares as it takes to make sure it does. Finally, most tickers end up maxing out and/or raising the AS until there is nothing left to do but go out of business or wait for a 1:10,000 RS to try and save them while wiping out the longs.

That is why we need to get SEC Reporting so that we fall under the SHO Regulations:

https://www.sec.gov/investor/pubs/regsho.htm

and MM's have 13 trading days to deliver promised shares or declare what their short position is to the public.

So in my opinion we are at the mercy of the MM's until we get the audit done and get SEC Reporting.. Moving up to the OTC:QB has nothing to do with any of this, it is just a symbol or stamp of approval from a 3rd Party (OTCMarkets).

IBGR has about 130 million shares in the float, but I believe there are as many as double or more that being held in investors' accounts. All those beyond the float are shares sold by MM's but not yet purchased in the open market delivered. It is all us longs' hopes that once we get the audited financial submitted to the SEC, and we become Fully Reporting, that we will see a big Squeeze as MM's try to cover or that they will have to declare their positions and invite a spate of buying ala Gamestop and AMC style.