"another 118000 of 130000 short volume 85.5%or unsettled shares i know i am not very brite but i dont get it.only 22000 shares settled"
This answer is based on the way the system worked in 2004. If may have changed some, but i'm guessing it has not changed much for OTC stocks.
Pink sheet stocks are not traded instantly like exchange stocks. Suppose i'm using E Trade and buy 50000 shares of this, those shares I'm buying are coming from someone else and are considered short until they are delivered to E Trade's market maker. I believe nowadays MM's have 48 hours to deliver them. If I bought those 50000 shares from another E Trade customer (or a broker using the same market maker)they would be delivered instantly and not be considered short, but if they came from another market maker or brokerage house they would be considered a short sale until delivered. Again, in 2 days they have to be delivered, but until then they are short. That's why on any given day half the volume is short, but overall only 40000 shares are short.
