Asking if this stock is "shorted" (??) is like asking the proverbial question: Does a bear sh-t in the woods?
The situation that this stock has been in for a while is exactly the type of situation that makes those Masters of Deception smile and sell millions of shares to anyone and everyone who will buy them, ...while not bothering to actually have genuine shares to sell. They act like they're "shorting" them but never bother to cover the shorts and when a company is down for a while the BassTurds realize that they NEVER have to cover their shorts down in the land of Pinks, if the PPS is never going to rise again. ...which is a perfect incentive to continue to sell naked shares in the hope that it WILL never be able to rise again, after so many extra (counterfeit) shares have been added to the float pool.
They have been meeting the demand with a virtually unlimited “supply” for so long that the share price could not do anything but go down. (Notwithstanding the company has added their share of contribution to the float) It’s a vicious and wicked cycle of corrupt behavior at the expense of corporate value and investor wealth. Of course the MMs, (the brokers) do get wealthy in the process and love to sell shares that they NOTHING invested in.
Will October 15th make a difference? We can certainly hope so!! We can hope that the MMs will have to cover all that is not real in our accounts. But in the event that the October day of reckoning will not really cover all of the past sins, then the best option would be for a CEO to do a R/S of 100 to 99 shares sometime after the October 15th date.
The net result would be that all shares are recalled and reissued. All naked shorts would be wiped off the books in one tactical motion with an effective increase in share value since the naked shares would be eliminated from the pool. An R/S of ugly proportions would produce entirely different results.
MMs will not be so eager to naked short stocks after October 15th and thus, the problem should not reoccur.
That’s all just my opinion on a quiet Tuesday afternoon.
