Omni Shrimp Inc. (fka OMSH)

[sunspotter]

"Looking at the one day spike on said 13th day I'd say it was over 100mil."

You'd be wrong then. It's very expensive and hardly worthwhile to short a penny stock, given the margin requirements.


BTW, by definition, the official short sales reports are always at least 14 days after the event, as most everybody who looks at penny stocks. You're probably confusing fails-to-deliver, common with penny stocks, with short interest, which is a common mistake by newbies, and a deliberate misdirection by penny stock promoters.

"I didn't bother to count them because it didn't take a whole lot of dd to figure that out."

It doesn't take a whole lot of DD, just a little bit of market knowledge and experience to know that there is no significant short interest in NNAN.

Here's the SEC explaining how this works for those that can be bothered to try to understand it:

" "fail to deliver" occurs when a broker-dealer fails to deliver securities to the party on the other side of the transaction on settlement date. There are many justifiable reasons why broker-dealers do not or cannot deliver securities on settlement date. A broker-dealer may experience a problem that is either unanticipated or is out of its control, such as (1) delays in customers delivering their shares to a broker-dealer, (2) the inability to obtain borrowed shares in time for settlement, (3) issues related to the physical transfer of securities, or (4) the failure of a broker-dealer to receive shares it had purchased to fulfill its delivery obligations. Fails to deliver can result from both long and short sales."

http://regsho.com/faq/investorquestions.php