When the company issues shares and they don't have them what do you think that's called.
I'm not accusing the company of dumping unregistered shares, but I've seen it before. It has happened before even though it is illegal.
Why do you think they were sending opinion letters to the T/A to unregister there shares when the stock price was above .20? They had over 100 million dollars worth of stock that weren't registered, suddenly these opinion letters started to pop up, how many shares do you think they unregistered and dumped above .20?
When RME dumped there shares, it allowed shares to be borrowed. Then shorters took advantage of this and started shorting the stock.
The only proof is there are shorters who have to buy back shares. I think the amount is 50 million, It's Aug 11 and the report is from July. So when the volume was over 100 million how do you know they didn't buy them back already when the stock was in an uptick. Suddenly the volume is way below avg. and everybody is waiting for the shorters to buy them back. Everybody is also waiting for the short squeeze. I don't think it's going to happen. I could be wrong, but we will see with time.
NSS don't buy shares back because they don't borrow them, therefore it won't show up on the Reg Sho list.
If people did NSS the stock when the price was at 28 cents, then it's in the past now, it's over. There is no proof of them even existing. I'm sure they don't exist here, but if it happened then it happened. But it's over. No NSS buy back by the hedge funds because they don't buy them back.
Sorry to bust your bubble and the boards.
Also, I've never heard of a hedge fund paying people to post false information. NSS don't buy back shares (cover) so why would they pay the people to post false information to keep the stock down?
No recycled arguments here, I tell it like it is in my opinion.
*Note: NSS don't need to cover. So No NSS squeeze.
You should reconcile the numbers when the new 10-k comes out and then post it. Reply to me, so I can reconcile them myself.
Good luck.
