Replies to post #118069 on Paychest Inc (PYCT)

[lloydm]

Maket Makers, Big Banks and Hedge Funds I am sure have no issue shorting penny stocks.

between 80 and 90 percent of its share volumes came from penny and fractional penny stocks. According to DiIorio’s calculations, Knight traded over 10 trillion shares of OTC and Pink Sheets securities from 2004 to 2012.

This level of volume persists — the most recent statistics show that 73 percent of the company’s equity share volumes in August 2016 came from penny stocks, and 81 percent as recently as May.

[adanac]

poop, you said
"again only a clown would short 0001 paper "

By the totals for March, they may have "shorted" the .0002s, but because that (440,100) is less that the "reported 605,028", they would have had to "SHORT AT .0001"

Does this mean they put up $1,512,570 (reportedly the MARGIN Requirement based on $2.50/share).

And the MAX they would have made is
$88.00 (less 5 commissions) for the .0002s
Plus $16.49 (less ? commissions) for .0001s

MINUS (remember they were 'COVERED' by Month End) - 0 shorts
$0.42 (minus 6 commissions) for the .000001s
$1.84 (minus ? commission(s)) for 184,028 @ .00001

PROFIT ???? LOL!!!

March Breakdown===118,295,901

006 @ .000001 FOR==========421,000===VALUE=========$0.42
003 @ .00001 FOR=========5,905,005===VALUE========$59.00
001 @ .00005 FOR=========1,000,000===VALUE========$50.00
074 @ .0001 FOR========111,829,796===VALUE====$11,182.00
005 @ .0002 FOR============440,100===VALUE========$88.00