Replies to post #272722 on Plastic2Oil Inc (PTOI)

[buenokite]

Why *anybody* would *rely* on the daily SHO % to jump to completely erroneous and possibly disastrous conclusions is beyond me.

That is part of the mythology required to believe in scams like PTOI when it is quite obvious to most what is really happening. Examples are the machines can't run because they are being sabotaged by bad guys. Large investors are trying to doom the company. Nobody is selling the stock but boogeymen are conspiring on Level II stock feeds to naked short the stock.

PTOI is just your average scam following the well-worn pattern.

[BigBake1]

It should be required reading, it puts to rest any faith in the Daily Reg SHO numbers at to providing any detail as to what is actually been shorted and or left in an open position at the close or even as you said into the settlement period T+3. That is why you have to wait for the delayed FTD and Bi Monthly Short Interest Reports to see settlement of the transactions and or any short position left open. The SEC will never provide same day Short Interest reporting and it will always be delayed.

However I do support the idea that Mr. Haberman presented to the SEC as to providing separate Riskless Principal and Block Position information within the daily report. Once you eliminate those two types of transactions from the report it drops the percentages to negligible levels that would ruin the Promotional websites that are paid to tout Short Volume numbers and predicting "short squeezes". It also eliminates the misleading statements presented as to showing some type of "short" issue as to the cause of consistent price decline due to lack of performance.

I agree why anybody would rely upon Daily Reg SHO, the Initial report, is beyond me as the conclusion arrived at are quite incorrect and FALSE. As I have said before, if one is going to provide short volume numbers they should also be supplying the FTD numbers, the final disposition of Reg SHO showing settlement. But then you wouldnt have "Detailed" bullshit provided each day... lol

Even more amusing is watching the dialogue over a $1500 position that may or may not be short, somehow that $1500 trade is the key to showing that there is shorting. So what? The purchase was at the Ask which doesnt depress the price as it is so falsely claimed over and over again. That entity is sitting open right now and it requires the market to move down for them to close that position, some either Insiders/Affiliates/Financiers/settlement trust sells shares at the Bid giving them the exit they want for dinner money. That is trading and nothing more. Hardly a "pro"