Lol exactly man. No shorts here, but these guys just dont understand that retail cannot short penny stocks. Shorting is only possible on margin- and no stocks that are true pennies (as in listed on otc or pink tiers) is marginable by any major brokerage. They wuld be dumb to loan retail tons of the brokerages' money to invest in all this otc garbage, where 90% of the time the companies perform negatively. Even those "penny stocks" below $5 that are marginable have crazy requirements, under $2 is usually $ 2.50 per share. To short a mil of vois u wuld need a principal cash requirement of 2.5x1 mil= 2.5 million. Especially if the stock were to not go ur way, u culd incur losses thousands time your actual investment in the margin. A brokerage doesnt want u 10K in debt to them over a penny stock that was pumped n dumped.
The only short interest on any otc stocks is from market makers, who are the only ones willing to borrow each other shares, and most of it is likely naked shorting.
So again, stop saying people are shorting this. No retail can short otc stocks. It just makes it appear that u dont know how shorting or otc tiers really operate.
And to fozzie, im obviously not a short. As explained, that wuld be impossible...im just someone who can see thru the so many obvious penny front companies that steal millions of hopeful investors hard earned cash- and will tell u about it, alot
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