IMO - this shorting is a myth and I seriously question those who bring it up on an almost daily basis. You can also only short a pick from an overseas account. With the volumes trading here - no evidence of that happening.
IMO - a big smoke screen to take away from important facts about the company like mine closed, no revenue, BK, etc. i.e. the pump before the R/S.
<< Because of the NASDAQ and NYSE rules shorting a penny at this price is pointless, let me explain why. Plesase note I would have to have 25 Million dollars in capital to make this worth my time, but if I had 25MM I would not be worried about about $1000 profit.
Why do I care. I have watched investors lose money for well over 3 years on QMIN. Yes there have been a lucky few but so many have lost.
<<Short 1000 shares QMIN.pk at $0.0002. Cover at $0.0001, Amount needed to cover trade: $2500.00. Profit: $0.10 less 2 commissions.
Short 10000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $25000.00. Profit: $1.00 less 2 commissions.
Short 100000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $250,000.00. Profit: $10.00 less 2 commissions.
Short 1,000,000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $2,500,000.00. Profit: $100.00 less 2 commissions.
Short 10,000,000 shares QMIN.pk at $0.0002. Cover at $0.0001. Amount needed to cover trade: $25,000,000.00. Profit: $1000.00 less 2 commissions. >>
