Replies to post #38795 on Fortitude Group, Inc. (FRTD)

[ChartTRACKER]

$ FRTD: If this ACTION from the SEC IS UNFOUNDED; I'll personally SUE THEM.
Setting ASIDE $50K.

[I-Glow]

There wasn't any significant shorting of FRTD - as you can see from the FINRA Bi-Weekly report on OTCM.

In the 2 weeks prior to 04/30/2014 there was 62,551 shares shorted but more importantly there were Zero Failures to deliver.

Short Selling Data
Short Interest 62,551 (457.25%)
Apr 30, 2014
Significant Failures to Deliver No

Shorting pennys is a myth created by the pumpers on penny stocks to explain why the PPS is depressed.

On a retail level the margin requirements are too great to short pennys.

The average investor can't or it is extremely difficult to short a penny stock - the margin requirements are just cost prohibitive. You have to have $2.50 margin per share to short a stock under $2.50.

If you want to short 500,000 shares of a stock at $0.004, you have to have $1,250,000 in your account, and 500,000 shares at $0.004 is only $2000.

There wasn't a buyout - just a PR for pumping purposes only.

IG

[Reptos]

You are 100% correct. It's amazing to me the amount of misinformation the negative posters are spewing here.They haven't a clue.A lot of times penny stocks are suspended because of inconsistencies caused by naked shorting by the MM's. This creates the illusion that there are more outstanding shares than authorized. Since Finra appears to be involved I believe that's the case here.So,the buyout can still go through without a problem. If it doesn't,and FRTD has been cleared by the 6th, It can still trade on the Pinks as long as there are MM's willing to quote it. So,it's not the end of the world.FRTD is not 'dead' as some clowns claim.We just have to wait.