Monday, August 25, 2008 8:23:30 PM
1. look at the OTCBB.com short report of SWVC: month after month the amount of shares short is miniscule at best.
2. It is extremely expensive to short stock under $5. Brokers require deposits of the amounts of $5 ar $2.50 (Canada I heard) for each share shorted. So if I want to short 1 million shares at .0004, it would cost me $5 or $2.5 million in funds to do so for a maximum gain of $400 - transaction fees LOL not worth it for anybody.
3. If it was easy, a lot of people would do it all the time as 90% of all pennies go down long term with failed business plans and bad management like SWVC. I would have shorted it if I could!
4. The posts that "they a shaking the tree, weak hands etc" are also unfounded as when pennies go down, they usually keep going down. There is no gain to be made in manipulating the sp down.
5. I have never seen any company soliciting "bashers", and I have never seen companies bashing penny stocks for financial gain.
However there are thousands of companies that disclose that they are pumping penny stocks for financial gain and CEOCAST is a perfect example for SWVC.
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