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newelong

09/01/15 11:48 AM

#21019 RE: 236T568 #20978

Well, you do understand that ...

all that verbiage is pure mumbo jumbo. Market Makers are required to report all short sales daily to FINRA ...

http://regsho.finra.org/regsho-Index.html

and that "scam website" you alluded to is merely reporting the exact figure that was submitted to FINRA ...

20150821|ADES|2433|0|21236|O
20150821|ADFT|100|0|100|O
20150821|ADMD|1037988|0|14441389|O
20150821|ADMT|3143|0|18143|O
20150821|ADPAN|25000|0|275000|O
20150821|ADTM|44086|0|65586|O
20150821|ADVC|8000|0|8200|O
20150821|ADVOF|1000|0|4425|O
20150821|AEGOF|3100|0|3100|O
20150821|AERO|6850|0|18660|O

http://regsho.finra.org/FORFshvol20150821.txt

I highly doubt that NITE would advertise that they're selling that many shares short, so I would think that NITE just handled the trades for whoever it was that shorted all those shares. That means that their short position has to be covered sooner or later, and they're betting that some stockholders will give up that many shares at a price lower than $0.18.

Now, how this plays out Monday I have no idea, because whenever Market Makers are involved, there's just no telling what can happen... and you have heard of Market Maker "Manipulation" before, because that's what you're basically describing here ...

"It's part of the market maker being able to do this to keep a stable and liquid market."

So, Monday could prove to be somewhat enlightening, or maybe it won't ... I guess we'll just have to wait and see !!!

ADTM

P.S. This is a modification of my original reply posted on 08/23/2015.