Heres a post from a couple of years ago,
Were Market Makers (MMs) caught with their pants down on March 8, 2007 with 1.3 billion shares of unexpected volume? Did the the MMs not know that BHUB was going to reverse merge with Cyberhand Robotics and, thus, taken by surprise, naked shorted to the tune of 1.3 billion shares to handle the volume on that fateful day? Have the BHUB traders caught the MMs red handed and now going to make them pay and pay dearly? If so, a potential Mother of All Short Squeezes (MOASS) about to hit BHUB that will make the PAIV and AWYB runs look like small fry.
Immediately preceding the 1.3 billion volume share run on March 8, wherein BHUB ran from .0001 to .0007, there was zero or practically zero volume. This means that the MMs did not frontload in anticipation of a run and were not expecting BHUB to run and, thus, could not dump their frontloaded shares for a profit when the run came. The very fact that the MMs did not frontload means that they were caught by surprise on March 8. The MMs were probably wondering "what all the fuss" was about and simply naked shorted BHUB to handle the volume of transaction on that day, thinking that, as with 99.9% of all penny stock runs, that BHUB would crash to .0001 again and need not ever have to cover because the volume would go back to zero.
What the MMs were not counting on was the I-Hub Team discovering that BHUB was the reverse merger partner for Cyberhand Robotics and that the CEO of Cyberhand Robotics has stated that there "should" be only 20 million shares in the BHUB shell float and that he "does not understand" how so many shares could be trading in BHUB since March 8 (when prior to March 8 the volume was "zero."). What we have discovered since is that the MMs most likely naked shorted BHUB to the tune of 1.3 billion shares and we intend to put the pressure on them to cover. The short position in BHUB was subsequently confirmed on the monthly Fail-to-Deliver list.
On Friday, March 23, the I-Hub Team continued the onslaught and brought the fight directly to the MMs. The MMs were forced to retreat and BHUB traded from .0006 and closed at HOD at .001. This was only accomplished because we have refuse to back down to the MMs and their nefarious shorting tactics.
As long as we continue to press the battle, we will hold the MMs accountable for their naked shorting of BHUB.
