US National Telecom (USNL)

[liljoe]

this stock is not a real company. it's owned and operated by one person, Rebecca Guthrie, using a virtual address. it has no assets, no working capital, and no business acumen. i don't think there'll be any more news until she announces a reverse split.

there were other admins before me like some character named Devcool who kept pumping and pumping this stock then dumped and bailed. during that time, some people got caught on the whirlwind when this thing jumped to .01+. Devcool then kept pumping this stock on other boards to get a bounce to happen and it did but so many new traders became bagholders when this thing just tanked hard and kept tanking as the bagholders just got out as fast as they could. at that time, i was also studying the short interest and noticed that this was being shorted heavily everyday. counting on a short squeeze, i held. big mistake. the shorts got what they wanted, .0001 and now there's no way this will go above .0002 unless it splits, at which point, shorters will need to get out if their positions are naked, which i think they are. alas, there are no bids so even flipping this will be impossible.

i myself lost @$10k but i can still use that loss for tax purposes so i'm not as jolted as others as mentioned. i wouldn't sit around and wait for this to happen if you can get out at a minor loss but $400 you can make back quickly trading something else.