sorry to sound so negative in that 'too long' post. I'm just trying to be realistic.
Ya we all want to hit the penny stock lottery, but the myth of short selling subpenny stocks is the biggest fallacy and scam ever created by snake oil salesmen. Every investor wants to believe that his bulletproof CEO wouldn't lie to him, dump shares and pocket the cash, and wants nothing more then to make his shareholders as wealthy as he is. It just isnt the case.
Short selling is not rocket science. It is far easier to pick stocks that are going down or that are total scams. Remember A@P? He was a scumbag crook, but everyone of the companies he trashed was truly a scam and was heading down.
Why is DMXP at .0018? The simple answer is because 2,3, 4 maybe 9 hundred million shares have been created and started to flow into the market in recent past. Absolutely there could be naked short shares in a hypothetical world, but much more likely they were issued directly by the company and they can tell you exaclty how many there are and where they went. No need for conspiracy theories here, just get the details on the financing and you will catch your culprit.
Robert
ps. I blew the rear end out of my racecar this week, but as soon as its out of the shop I'm going to take it for a Montana cruise and hopefully see for myself that there is activity onsite. I too am optimistic that they will find a diamond or two, despite my reservations regarding all pinkies and penny stocks.
There are no good stocks, only good trades.
